2002 GMC Sierra 1500 Insurance Quotes – 9 Ways to Save

Searching for better car insurance rates for your GMC Sierra 1500? Overpriced GMC Sierra 1500 insurance can drain your personal savings and make it impossible to make ends meet. Shopping your coverage around is free and is an excellent way to help make ends meet.

Insurance companies such as State Farm, GEICO and Farmers Insurance increase brand awareness with ads and it is difficult to see through the cute green geckos and mayhem and do the work needed to find the best deal.

It’s a good idea to take a look at other company’s rates on a regular basis since insurance rates are adjusted regularly by insurance companies. Despite the fact that you may have had the best deal on Sierra insurance last year you will most likely find a better rate today. Ignore everything you know about car insurance because you’re about to learn the best way to properly buy coverages while reducing your premium.

Don’t pay full price with these nine discounts

The price of auto insurance can be rather high, but you can get discounts to cut the cost considerably. Some discounts apply automatically at quote time, but a few must be inquired about before you will receive the discount.

  • Life Insurance – Companies who offer life insurance give lower rates if you buy life insurance.
  • Seat Belts Save more than Lives – Using a seat belt and requiring all passengers to use their safety belts can save 10% or more off your medical payments premium.
  • One Accident Forgiven – A few companies will forgive one accident before your rates go up if your claims history is clear for a certain period of time.
  • Service Members Pay Less – Having a deployed family member could mean lower rates.
  • Passive Restraint Discount – Factory air bags and/or automatic seat belt systems can get savings of more than 20%.
  • Low Mileage Discounts – Fewer annual miles on your GMC can qualify you for lower rates on the low mileage vehicles.
  • Discount for Swiching Early – Some insurance companies reward drivers for switching to them prior to your current policy expiring. The savings is around 10%.
  • Driver Safety – Successfully completing a course in driver safety could possibly earn you a 5% discount if you qualify.
  • Own a Home – Being a homeowner can save you money because owning a home shows financial diligence.

As a disclaimer on discounts, most of the big mark downs will not be given to all coverage premiums. Most only reduce the price of certain insurance coverages like collision or personal injury protection. So when the math indicates you can get free auto insurance, you’re out of luck. Any amount of discount will reduce the cost of coverage.

A partial list of companies who might offer these discounts include:

It’s a good idea to ask each insurance company how you can save money. Some discounts might not be offered in every state.

Your personal situation dictates your coverage

When buying the best insurance coverage coverage for your vehicles, there really is no “best” method to buy coverage. Coverage needs to be tailored to your specific needs so your insurance needs to address that. These are some specific questions may help highlight if your situation could use an agent’s help.

  • Am I covered if I hit my neighbor’s mailbox?
  • Where can I find DUI or SR-22 insurance?
  • What are the financial responsibility laws in my state?
  • Can I make deliveries for my home business?
  • Are my tools covered if they get stolen from my vehicle?
  • What vehicles should carry emergency assistance coverage?
  • Are my friends covered when driving my 2002 GMC Sierra 1500?
  • Am I covered by my employer’s commercial auto policy when driving my personal car for business?
  • Is upholstery damage covered by car insurance?
  • Does car insurance cover theft of personal property?

If you don’t know the answers to these questions but you think they might apply to your situation, you might consider talking to a licensed insurance agent. To find lower rates from a local agent, complete this form or you can go here for a list of companies in your area.

Save $453 a year. For real?

Progressive, Allstate and GEICO regularly use ads on TV and radio. All the companies make an identical promise that you’ll save big if you move to their company. How do they all say the same thing? This is how they do it.

All companies are able to cherry pick for the type of driver that is profitable for them. A good example of a preferred risk could possibly be over the age of 40, has no driving citations, and drives less than 7,500 miles a year. A driver who fits that profile gets the lowest rates and as a result will probably pay quite a bit less when switching companies.

Potential insureds who don’t qualify for the “perfect” profile must pay higher premiums and this can result in business going elsewhere. The ads say “customers that switch” not “people who quote” save that kind of money. That’s why companies can truthfully advertise the way they do.

This illustrates why you should get as many comparisons as possible. It’s not possible to predict the company that will give you the biggest savings on GMC Sierra 1500 insurance.

Insurance coverage considerations

Understanding the coverages of insurance helps when choosing the right coverages at the best deductibles and correct limits. The terms used in a policy can be confusing and reading a policy is terribly boring. Below you’ll find the normal coverages offered by insurance companies.

Insurance for medical payments – Medical payments and Personal Injury Protection insurance kick in for expenses for things like X-ray expenses, nursing services and pain medications. They can be used to cover expenses not covered by your health insurance policy or if you lack health insurance entirely. Medical payments and PIP cover you and your occupants as well as any family member struck as a pedestrian. PIP coverage is not an option in every state and may carry a deductible

Liability car insurance – This coverage protects you from damages or injuries you inflict on a person or their property that is your fault. Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see values of 50/100/50 which stand for $50,000 bodily injury coverage, $100,000 for the entire accident, and $50,000 of coverage for damaged propery. Occasionally you may see one limit called combined single limit (CSL) which limits claims to one amount rather than limiting it on a per person basis.

Liability coverage pays for things such as court costs, attorney fees, pain and suffering and loss of income. How much liability should you purchase? That is your choice, but buy as much as you can afford.

Uninsured Motorist or Underinsured Motorist insurance – This coverage protects you and your vehicle from other drivers when they either have no liability insurance or not enough. Covered claims include hospital bills for your injuries and also any damage incurred to your GMC Sierra 1500.

Since many drivers have only the minimum liability required by law, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is important protection for you and your family. Normally your uninsured/underinsured motorist coverages do not exceed the liability coverage limits.

Collision coverage – This coverage pays for damage to your Sierra 1500 from colliding with another car or object. You will need to pay your deductible then your collision coverage will kick in.

Collision insurance covers claims such as colliding with another moving vehicle, rolling your car, hitting a mailbox and damaging your car on a curb. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. You can also bump up the deductible in order to get cheaper collision rates.

Comprehensive coverage (or Other than Collision) – This coverage will pay to fix damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for claims like fire damage, damage from getting keyed, hitting a bird and damage from a tornado or hurricane. The maximum payout you’ll receive from a claim is the ACV or actual cash value, so if the vehicle’s value is low it’s not worth carrying full coverage.

Make an honest buck

Cheap 2002 GMC Sierra 1500 insurance can be bought on the web and also from your neighborhood agents, so compare prices from both to have the best rate selection. Some insurance companies may not provide online quoting and usually these regional insurance providers provide coverage only through local independent agents.

You just read quite a bit of information on how to reduce insurance prices online. The most important thing to understand is the more times you quote, the higher your chance of finding lower rates. You may be surprised to find that the biggest savings come from a company that doesn’t do a lot of advertising. Smaller companies may cover specific market segments cheaper than the large multi-state companies such as Allstate, GEICO and Progressive.

Additional detailed information can be found by following these links: