How Much Does 2004 GMC Sierra 2500 Insurance Cost?

I can’t think of anyone who cherishes buying insurance, in particular when the price is too high.

Having so many online and local companies to choose from, it is hard for the average consumer to locate the lowest cost insurer.

You should make it a habit to check insurance prices every six months because rates are constantly changing. Just because you had the best price on Sierra coverage a year ago you can probably find a better price now. There is too much inaccurate information about insurance on the internet, so by reading this article, you’re going to learn some proven techniques to save money.

Choosing the best insurance company for you is not rocket science. Essentially every driver who shops for car insurance stands a good chance to be able to lower their premiums. Although vehicle owners should learn how companies sell online and use this information to your advantage.

Insurance Coverage Prices Online

Effectively comparing insurance coverage prices can take hours if you don’t understand the easiest way. You can spend countless hours discussing policy coverages with insurance agencies in your area, or you can stay home and use online quoting to achieve your goal.

The majority of car insurance companies belong to an insurance system where prospective buyers only type in their quote data once, and each company returns a competitive quote for coverage. This system prevents you from having to do repetitive form submissions to each company. To submit your quote information now, click here (opens in new window).

One minor caviat to comparing rates this way is you are unable to specify which companies you want to price. So if you want to choose specific providers to compare rates, we have assembled a list of the cheapest insurance coverage companies in your area. Click here for list of insurance companies.

It’s up to you which method you use, but make absolute certain that you use identical coverages for each comparison quote. If you use different values for each quote it will be next to impossible to determine the lowest rate for your GMC Sierra 2500. Having just a slight variation in coverage limits may cause a big price difference. Keep in mind that comparing more company’s prices will improve the odds of getting better pricing.

The insurance coverage bait and switch

GEICO, State Farm and Progressive consistently run ads on TV and radio. All the companies say the same thing about savings if you change your coverage to them. How does each company make almost identical claims? This is how they do it.

All the different companies have a certain “appetite” for the type of customer that is profitable for them. A good example of a driver they prefer might be between 30 and 50, insures multiple vehicles, and has excellent credit. A customer getting a price quote who meets those qualifications will get very good rates and as a result will probably cut their rates substantially.

Consumers who don’t meet this ideal profile will be charged a higher premium which usually ends up with the customer not buying. Company advertisements say “people who switch” not “everybody who quotes” save that much money. That is how companies can truthfully claim big savings. That is why it’s extremely important to get as many quotes as possible. Because you never know which insurance coverage company will fit your personal profile best.

GMC Sierra 2500 premiums are determined by many factors

Consumers need to have an understanding of some of the elements that help determine the rates you pay for insurance coverage. When you know what positively or negatively impacts premium levels empowers consumers to make smart changes that can help you get better insurance coverage rates.

  • Bad driving skills means higher rates – Good drivers have lower premiums than their less careful counterparts. Even one speeding ticket can increase rates twenty percent or more. If you have dangerous violations like DWI, reckless driving or hit and run convictions may find they need to submit a SR-22 or proof of financial responsibility to the state department of motor vehicles in order to prevent a license revocation.
  • Your credit rating is important – A driver’s credit score is a important factor in determining your rates. If your credit score is lower than you’d like, you could be paying less to insure your 2004 GMC Sierra 2500 by repairing your credit. Consumers who have high credit scores tend to be less risk to insure as compared to drivers with poor credit.
  • Never go without insurance – Driving with no insurance can get your license suspended and you will pay a penalty because you let your insurance lapse. Not only will rates go up, getting caught without coverage will get you a revoked license or a big fine.
  • Bump up deductibles to save – Insurance for physical damage to your car, also known as collision and other-than-collision, is used to repair damage to your GMC. A few examples of covered claims would be running into the backend of another car, vandalism, and windstorm damage. The deductibles are how much you are willing to pay out-of-pocket before your insurance coverage pays a claim. The more money you have to pay, the lower your rates will be on Sierra coverage.
  • Safer cars cost less to insure – Vehicles with high crash test scores can get you lower premiums. Safer cars have better occupant injury protection and fewer injuries means less money paid by your insurance company and more competitive rates for policyholders. If your GMC is rated at least an “acceptable” rating on the Insurance Institute for Highway Safety website it may be receiving lower rates.
  • Save money with special equipment – Owning a car with a theft deterrent system can get you a discount on your insurance coverage. Anti-theft features such as LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system can help prevent your car from being stolen.
  • Liability insurance protects assets – Your policy’s liability coverage will protect you when you are found liable for personal injury or accident damage. It will provide legal defense coverage up to the limits shown on your policy. Liability insurance is quite affordable as compared to coverage for physical damage, so do not skimp.

Discounts mean cheaper 2004 GMC Sierra 2500 insurance rates

Companies do not list all their discounts in a way that’s easy to find, so the following is a list of both well-publicized and also the lesser-known discounts you could be receiving.

  • Life Insurance – Some companies give a discount if you purchase life insurance from them.
  • Senior Citizens – Mature drivers may receive better insurance coverage rates on Sierra coverage.
  • Military Rewards – Having a deployed family member could be rewarded with lower premiums.
  • Homeowners Discount – Being a homeowner may earn you a small savings because owning a home demonstrates responsibility.
  • Government Employees – Simply working for the federal government may qualify you for a discount on Sierra coverage with certain companies.

It’s important to understand that most credits do not apply to your bottom line cost. Most only reduce the cost of specific coverages such as medical payments or collision. So when it seems like you could get a free insurance coverage policy, insurance coverage companies aren’t that generous.

Car insurance companies who might offer some of the above discounts may include but are not limited to:

It’s a good idea to ask all companies you are considering how you can save money. Some discounts might not be offered in your area.

Tailor your coverage to you

When buying the right insurance coverage for your vehicles, there is no best way to insure your cars. Everyone’s situation is unique and your policy should reflect that. These are some specific questions might help in determining whether your personal situation might need professional guidance.

  • What is medical payments coverage?
  • Does my policy cover me when driving someone else’s vehicle?
  • How can I get my company to pay me more for my totalled car?
  • Do I need replacement cost coverage on my 2004 GMC Sierra 2500?
  • Am I covered if I hit a deer?
  • Am I getting all the discounts available?

If you don’t know the answers to these questions but you think they might apply to your situation, then you may want to think about talking to an agent. If you want to speak to an agent in your area, take a second and complete this form or click here for a list of auto insurance companies in your area.

Car insurance coverages for a GMC Sierra 2500

Learning about specific coverages of your auto insurance policy can be of help when determining the best coverages and the correct deductibles and limits. The coverage terms in a policy can be confusing and even agents have difficulty translating policy wording. These are the usual coverages found on the average auto insurance policy.

Auto collision coverage

This covers damage to your Sierra 2500 resulting from colliding with an object or car. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision coverage protects against claims like damaging your car on a curb, backing into a parked car and sustaining damage from a pot hole. Paying for collision coverage can be pricey, so you might think about dropping it from vehicles that are older. Drivers also have the option to bump up the deductible to get cheaper collision coverage.

Protection from uninsured/underinsured drivers

This coverage provides protection from other motorists when they do not carry enough liability coverage. This coverage pays for hospital bills for your injuries as well as damage to your GMC Sierra 2500.

Because many people carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage is a good idea.

Comprehensive (Other than Collision)

This will pay to fix damage from a wide range of events other than collision. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for things such as a tree branch falling on your vehicle, a broken windshield and hitting a bird. The maximum payout a auto insurance company will pay at claim time is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.

Auto liability insurance

Liability coverage protects you from injuries or damage you cause to people or other property in an accident. This coverage protects you against claims from other people, and doesn’t cover your own vehicle damage or injuries.

It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have policy limits of 25/50/25 that means you have $25,000 in coverage for each person’s injuries, $50,000 for the entire accident, and a limit of $25,000 paid for damaged property.

Liability can pay for claims such as attorney fees, emergency aid, legal defense fees and court costs. How much liability should you purchase? That is a personal decision, but it’s cheap coverage so purchase as high a limit as you can afford.

Medical expense insurance

Med pay and PIP coverage kick in for immediate expenses such as X-ray expenses, funeral costs and dental work. The coverages can be utilized in addition to your health insurance program or if you do not have health coverage. It covers both the driver and occupants in addition to if you are hit as a while walking down the street. PIP coverage is not universally available but can be used in place of medical payments coverage

A tidy conclusion

We covered many tips how you can compare 2004 GMC Sierra 2500 insurance prices online. The most important thing to understand is the more providers you compare, the better your comparison will be. Consumers may even find the lowest rates come from an unexpected company. These smaller insurers often have lower prices on specific markets than the large multi-state companies such as Allstate, GEICO and Progressive.

When buying insurance coverage, it’s a bad idea to buy lower coverage limits just to save a few bucks. There are too many instances where an insured cut full coverage only to regret at claim time that they should have had better coverage. Your focus should be to buy enough coverage at the best price, not the least amount of coverage.

More information is located at the links below