2002 GMC Sierra 1500HD Car Insurance Cost – 10 Ways to Save

Trying to find better car insurance rates for your GMC Sierra 1500HD? Finding affordable car insurance on the web can be problematic for consumers new to buying insurance online. When there are so many companies competing online, how can consumers even start to compare the different rates to find the best available price?

This article will help you learn how to effectively get price quotes and some money-saving tips. If you currently have car insurance, you should be able to cut costs considerably using these techniques. But vehicle owners must understand the methods companies use to sell insurance online.

Quick Car Insurance Quotes

There are a variety of methods you can shop for 2002 GMC Sierra 1500HD car insurance but one way is less time-consuming than others. You could waste time driving to insurance agencies in your area, or you can utilize online quoting to achieve your goal.

Most car insurance companies belong to a marketplace that allows shoppers to send in one quote, and each company returns a rated price based on that information. This eliminates the need for quote forms for every car insurance company.

To submit your quote information now, click to open in new window.

The single downside to using this type of form is that consumers can’t choose the providers to receive prices from. If you prefer to choose specific insurance companies for rate comparison, we put together a list of the cheapest car insurance companies in your area. View list of insurance companies.

It’s your choice how you get your quotes, but double check that you are using exactly the same quote information on every quote you get. If you compare mixed coverages it’s not possible to determine the best price for your GMC Sierra 1500HD. Having just a slight variation in coverage limits may cause a big price difference. Just remember that more quotes will enable you to find the best price.

Auto insurance myths debunked

Auto insurance companies such as GEICO, State Farm and Progressive consistently run television and radio advertisements. They all seem to make the same claim that you’ll save big if you change your coverage to them. How does each company make almost identical claims?

Insurance companies have a certain “appetite” for the driver that makes them money. An example of a driver they prefer might be profiled as a mature driver, a clean driving record, and has great credit. Any new insured who matches those parameters will get the preferred rates and therefore will pay quite a bit less when switching companies.

Drivers who are not a match for the “perfect” profile will be quoted a higher premium and this can result in the customer not buying. Company advertisements say “drivers who switch” not “people who quote” save that much money. That’s the way companies can truthfully claim big savings.

This emphasizes why it’s extremely important to get quotes from several different companies. It’s just too difficult to predict which auto insurance company will provide you with the cheapest GMC Sierra 1500HD insurance rates.

Lower rates by qualifying for these ten discounts

Insuring your fleet can be pricey, but you may find discounts that can drop the cost substantially. Most are applied at the time of quoting, but lesser-known reductions have to be asked for in order for you to get them.

  • Passive Restraints and Air Bags – Vehicles with factory air bags and/or automatic seat belt systems can qualify for discounts of up to 25% or more.
  • Military Rewards – Having a deployed family member may qualify for rate reductions.
  • More Vehicles More Savings – Insuring multiple cars or trucks with the same company qualifies for this discount.
  • Sign Online – A handful of insurance companies may give you up to $50 for buying a policy and signing up digitally online.
  • Senior Citizens – If you qualify as a senior citizen, you may qualify for a small decrease in premiums for SierraHD insurance.
  • Own a Home – Simply owning a home may earn you a small savings because of the fact that having a home shows financial diligence.
  • Auto/Home Discount – When you combine your home and auto insurance with the same insurance company you could get a discount of 10% to 20% off each policy.
  • No Accidents – Drivers who don’t have accidents can earn big discounts when compared with bad drivers.
  • Defensive Driver – Taking part in a driver safety course could save 5% or more and easily recoup the cost of the course.
  • Save with a New Car – Insuring a new car can save up to 30% compared to insuring an older model.

Consumers should know that many deductions do not apply the the whole policy. Most only reduce the price of certain insurance coverages like liability, collision or medical payments. So despite the fact that it appears you would end up receiving a 100% discount, companies don’t profit that way. Any qualifying discounts will reduce your premiums.

For a list of companies with discount car insurance rates, follow this link.

Car insurance is unique, just like you

When choosing the best auto insurance coverage, there is no “best” method to buy coverage. Everyone’s situation is unique.

For instance, these questions can aid in determining if your insurance needs may require specific advice.

  • Will my rates increase for filing one claim?
  • Do I need replacement cost coverage?
  • Where can I find DUI or SR-22 insurance?
  • Will my insurance pay for OEM parts?
  • What is the rate difference between pleasure use and commuting?
  • Is a fancy paint job covered?
  • Are rental cars covered under my policy?
  • Is upholstery damage covered by car insurance?

If it’s difficult to answer those questions but you think they might apply to your situation then you might want to talk to a licensed agent. If you want to speak to an agent in your area, take a second and complete this form.

Specifics of your insurance policy

Knowing the specifics of your policy can help you determine which coverages you need for your vehicles. Policy terminology can be ambiguous and reading a policy is terribly boring.

Collision coverage – This pays for damage to your Sierra 1500HD from colliding with another car or object. You have to pay a deductible and then insurance will cover the remainder.

Collision insurance covers things such as backing into a parked car, sideswiping another vehicle, colliding with a tree and crashing into a building. This coverage can be expensive, so you might think about dropping it from lower value vehicles. You can also raise the deductible to get cheaper collision coverage.

Medical expense coverage – Med pay and PIP coverage provide coverage for bills for things like ambulance fees, doctor visits, EMT expenses, funeral costs and pain medications. They are often used in conjunction with a health insurance program or if you lack health insurance entirely. Medical payments and PIP cover not only the driver but also the vehicle occupants and will also cover if you are hit as a while walking down the street. PIP is only offered in select states and gives slightly broader coverage than med pay

Uninsured or underinsured coverage – Uninsured or Underinsured Motorist coverage provides protection when other motorists are uninsured or don’t have enough coverage. This coverage pays for injuries sustained by your vehicle’s occupants and damage to your 2002 GMC Sierra 1500HD.

Since a lot of drivers carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages is important protection for you and your family. Usually these limits are similar to your liability insurance amounts.

Comprehensive protection – This coverage covers damage that is not covered by collision coverage. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for things like rock chips in glass, damage from getting keyed, vandalism, hail damage and damage from flooding. The maximum amount your insurance company will pay is the market value of your vehicle, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

Liability coverages – Liability coverage can cover damage or injury you incur to other’s property or people by causing an accident. This coverage protects you from legal claims by others, and doesn’t cover your own vehicle damage or injuries.

Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show policy limits of 100/300/100 that means you have $100,000 in coverage for each person’s injuries, a per accident bodily injury limit of $300,000, and a limit of $100,000 paid for damaged property. Occasionally you may see a combined limit that pays claims from the same limit without having the split limit caps.

Liability insurance covers claims like emergency aid, loss of income and structural damage. How much liability should you purchase? That is a personal decision, but you should buy as high a limit as you can afford.

Saving money makes a lot of cents

Consumers leave their current company for many reasons like high prices, policy non-renewal, unfair underwriting practices and even poor customer service. Regardless of your reason, finding a great new company can be less work than you think.

You just learned a lot of techniques to lower your 2002 GMC Sierra 1500HD insurance rates. The most important thing to understand is the more quotes you get, the better your comparison will be. You may even discover the lowest rates come from a company that doesn’t do a lot of advertising.

When buying insurance coverage, don’t be tempted to skimp on coverage in order to save money. There are too many instances where an insured dropped comprehensive coverage or liability limits and discovered at claim time that they should have had better coverage. The aim is to purchase plenty of coverage for the lowest price.

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