1995 GMC Sierra 1500 Insurance Quotes – 7 Tricks for Best Rates

Looking for cheaper insurance rates for your GMC Sierra 1500? I can’t think of anyone who cherishes buying insurance, especially when their premiums are too high. Big companies like State Farm, Progressive and GEICO increase brand awareness with TV and radio ads and consumers find it hard to see past the corporate glitz and do the work needed to find the best deal.

You should take the time to do rate comparisons at least once a year because rates are constantly changing. If you had the best price for Sierra coverage two years ago other companies may now be cheaper. Forget anything you know (or think you know) about insurance because I’m going to let you in on the secrets to the fastest and easiest way to properly buy coverages while reducing your premium.

Discounts can save BIG

Insuring your fleet can be pricey, but discounts can save money and there are some available to help bring down the price. Larger premium reductions will be automatically applied when you purchase, but less common discounts must be specially asked for prior to receiving the credit. If you’re not getting every credit possible, you’re paying more than you need to.

  • Anti-lock Brake Discount – Cars that have steering control and anti-lock brakes can reduce accidents and qualify for as much as a 10% discount.
  • Multiple Policy Discount – When you combine your home and auto insurance with the same company you may save up to 20% off your total premium.
  • Accident Waiver – A handful of insurance companies permit an accident before raising your premiums if you are claim-free for a set time period.
  • Military Discounts – Being on active duty in the military could be rewarded with lower premiums.
  • Memberships – Affiliation with a civic or occupational organization could qualify you for a break on insurance coverage for Sierra coverage.
  • Low Mileage – Driving fewer miles could be rewarded with lower rates on the low mileage vehicles.
  • Discount for New Cars – Buying coverage on a new vehicle can cost up to 25% less because new vehicles have to meet stringent safety requirements.

A little note about advertised discounts, some of the credits will not apply to the entire cost. Some only reduce specific coverage prices like liability and collision coverage. So when the math indicates you can get free auto insurance, you’re out of luck. But any discount will help reduce your premiums.

For a list of insurance companies with the best insurance coverage discounts, follow this link.

Will just any policy work for me?

When it comes to buying the right insurance coverage for your personal vehicles, there really is not a perfect coverage plan. Every situation is different and a cookie cutter policy won’t apply. For example, these questions can help discover if your insurance needs might need an agent’s assistance.

  • Will filing a claim cost me more?
  • Are split liability limits better than a combined single limit?
  • Am I covered when using my vehicle for business?
  • What discounts do I qualify for?
  • Can my teen driver be rated on a liability-only vehicle?
  • What is the minimum liability in my state?

If you don’t know the answers to these questions but you think they might apply to your situation then you might want to talk to a licensed insurance agent. To find an agent in your area, complete this form or you can go here for a list of companies in your area. It only takes a few minutes and can help protect your family.

Specific coverage details

Learning about specific coverages of your car insurance policy aids in choosing the best coverages for your vehicles. The terms used in a policy can be confusing and even agents have difficulty translating policy wording. These are the usual coverages offered by car insurance companies.

Coverage for uninsured or underinsured drivers

This coverage protects you and your vehicle from other drivers when they are uninsured or don’t have enough coverage. It can pay for medical payments for you and your occupants and damage to your GMC Sierra 1500.

Because many people have only the minimum liability required by law, their limits can quickly be used up. So UM/UIM coverage should not be overlooked. Normally your uninsured/underinsured motorist coverages are similar to your liability insurance amounts.

Coverage for medical expenses

Coverage for medical payments and/or PIP pay for short-term medical expenses for things like funeral costs, EMT expenses, surgery, pain medications and doctor visits. The coverages can be used to cover expenses not covered by your health insurance policy or if there is no health insurance coverage. Medical payments and PIP cover both the driver and occupants and also covers getting struck while a pedestrian. Personal Injury Protection is not available in all states but can be used in place of medical payments coverage

Auto collision coverage

This will pay to fix damage to your Sierra 1500 resulting from colliding with another vehicle or an object, but not an animal. You will need to pay your deductible then the remaining damage will be paid by your insurance company.

Collision can pay for claims such as hitting a mailbox, hitting a parking meter, crashing into a building, crashing into a ditch and driving through your garage door. Collision coverage makes up a good portion of your premium, so consider removing coverage from vehicles that are older. It’s also possible to bump up the deductible to save money on collision insurance.

Liability insurance

Liability insurance will cover damage that occurs to other’s property or people by causing an accident. It protects you against claims from other people. Liability doesn’t cover damage to your own property or vehicle.

Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. As an example, you may have limits of 50/100/50 which means a limit of $50,000 per injured person, a total of $100,000 of bodily injury coverage per accident, and property damage coverage for $50,000. Alternatively, you may have one number which is a combined single limit which provides one coverage limit with no separate limits for injury or property damage.

Liability coverage protects against things like loss of income, medical expenses, court costs and repair bills for other people’s vehicles. The amount of liability coverage you purchase is a decision to put some thought into, but it’s cheap coverage so purchase as large an amount as possible.

Comprehensive car insurance

Comprehensive insurance covers damage that is not covered by collision coverage. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for things such as hail damage, vandalism and rock chips in glass. The maximum payout you’ll receive from a claim is the market value of your vehicle, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.

Smart shoppers get results

You just learned a lot of information how to get a better price on 1995 GMC Sierra 1500 insurance. The key concept to understand is the more providers you compare, the better chance you’ll have of finding lower rates. You may even discover the best prices are with a lesser-known regional company. These companies may cover specific market segments cheaper compared to the large companies like State Farm, GEICO and Nationwide.

As you go through the steps to switch your coverage, it’s very important that you do not sacrifice coverage to reduce premiums. In too many instances, an insured dropped uninsured motorist or liability limits only to find out that it was a big mistake. Your aim should be to buy a smart amount of coverage at the best price while not skimping on critical coverages.

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