How Much Does 1993 GMC Sierra 1500 Insurance Cost?

I can’t think of anyone who looks forward to paying for insurance coverage, especially when they are paying too much. Since you have so many companies and agents to choose from, it can be hard to choose a lower cost insurer.

How your Sierra 1500 insurance prices are determined

Lots of factors are part of the calculation when you quote your car insurance policy. Some factors are common sense like an MVR report, although some other factors are not as apparent such as your marital status or how safe your car is.

  • Five star safety rating saves money – Vehicles that have high safety ratings can get you lower premiums. The safest vehicles help reduce the chance of injuries in an accident and fewer serious injuries means less claims paid and thus lower rates. If your GMC Sierra 1500 earned at least an “acceptable” rating on the Insurance Institute for Highway Safety website it may cost less to insure.
  • Occupation reflects on auto insurance rates – Do you have a high-stress occupation? Occupations like fire fighters, social workers and emergency personnel usually pay the highest average rates due to high stress levels and extremely grueling work hours. Other careers like actors, historians and performers have the lowest average rates for Sierra insurance.
  • Auto insurance policy lapses lead to higher premiums – Driving without insurance coverage in place is not a good idea and any future policy may cost more because you let your insurance lapse. And not only will insurance be more expensive, being ticketed for driving with no insurance can result in a hefty fine and possibly a revoked license.
  • Discounts for multiple policies – Most larger insurance companies allow lower prices to buyers who buy several policies from them, otherwise known as a multi-policy discount. Even if you qualify for this discount already, you still need to comparison shop to guarantee you are still saving the most. You may still be able to find lower rates by buying from different companies

The quickest method we recommend to compare car insurance company rates is to realize car insurance companies participate in online systems to give rate comparisons. All you need to do is give them some information like what you do for a living, distance driven, how much education you have, and if the vehicle is leased. Your details is then submitted to insurance carriers in your area and you will receive price estimates very quickly.

More discounts mean affordable premiums

Companies do not advertise the complete list of policy discounts very well, so we researched some of the more common as well as the least known credits available to bring down your rates.

  • Accident Forgiveness Coverage – This one is not really a discount per se, but companies like Progressive and Allstate permit an accident before raising your premiums with the catch being you have to be claim-free for a particular time prior to the accident.
  • Seat Belt Usage – Drivers who require all occupants to wear their seat belts could cut 10% or more on medical payment and PIP coverage.
  • Active Service Discounts – Being deployed with a military unit could trigger a small discount.
  • Online Discount – Some insurance companies will discount your bill up to fifty bucks simply for signing online.
  • Multi-line Discount – Not every insurance company offers life insurance, but if they do you may earn a break if you buy some life insurance too.
  • Multiple Policy Discount – When you combine your homeowners and auto insurance and insure them both with the same insurance company you could save approximately 10% to 15%.
  • Multi-Vehicle Discounts – Having primary and secondary vehicles on a single policy can get a discount on all vehicles.

You can save money using discounts, but some credits don’t apply to the entire cost. Most only cut specific coverage prices like medical payments or collision. If you do the math and it seems like all the discounts add up to a free policy, nobody gets a free ride.

The best insurance coverage companies and some of their more popular discounts are outlined below.

  • State Farm offers discounts including good driver, defensive driving training, passive restraint, multiple policy, and good student.
  • Progressive may include discounts for online signing, homeowner, good student, multi-policy, and online quote discount.
  • Progressive has discounts for continuous coverage, multi-vehicle, multi-policy, homeowner, and online quote discount.
  • MetLife has savings for defensive driver, multi-policy, good driver, claim-free, and good student.
  • Farm Bureau discounts include youthful driver, driver training, 55 and retired, renewal discount, safe driver, and multi-policy.
  • Geico policyholders can earn discounts including driver training, federal employee, daytime running lights, membership and employees, defensive driver, air bags, and emergency military deployment.
  • SAFECO may have discounts that include teen safe driver, multi-car, drive less, teen safety rewards, and accident prevention training.

Before buying, ask all the companies what discounts are available to you. Some credits might not be available to policyholders in your area. If you would like to see a list of insurers that have a full spectrum of discounts, click this link.

It’s not one size fits all

When it comes to buying adequate coverage, there is no perfect coverage plan. Everyone’s needs are different and a cookie cutter policy won’t apply. For instance, these questions might help in determining if your situation may require specific advice.

  • When do I need to add a new car to my policy?
  • Does medical payments coverage apply to all occupants?
  • Can I pay claims out-of-pocket if I buy high deductibles?
  • Does my insurance cover my expensive audio equipment?
  • Can I rate high risk drivers on liability-only vehicles?
  • Am I covered when delivering products for my home-based business?
  • Is my teenager covered with friends in the car?
  • How high should my uninsured/underinsured coverage be in my state?
  • Are rock chip repairs covered?

If you can’t answer these questions, you may need to chat with a licensed insurance agent. If you don’t have a local agent, take a second and complete this form or you can go here for a list of companies in your area. It’s fast, doesn’t cost anything and can help protect your family.

Parts of your insurance policy

Having a good grasp of insurance helps when choosing which coverages you need at the best deductibles and correct limits. The terms used in a policy can be difficult to understand and reading a policy is terribly boring. Shown next are typical coverage types found on the average insurance policy.

Auto liability – Liability insurance will cover damages or injuries you inflict on other people or property in an accident. It protects you against other people’s claims. Liability doesn’t cover damage to your own property or vehicle.

Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. Your policy might show values of 50/100/50 which means a limit of $50,000 per injured person, a per accident bodily injury limit of $100,000, and a limit of $50,000 paid for damaged property.

Liability can pay for claims like medical expenses, attorney fees, repair costs for stationary objects and bail bonds. How much liability coverage do you need? That is a personal decision, but consider buying as large an amount as possible.

Comprehensive coverage (or Other than Collision) – This pays to fix your vehicle from damage from a wide range of events other than collision. You first must pay your deductible and then insurance will cover the rest of the damage.

Comprehensive insurance covers things such as falling objects, hitting a deer, vandalism, damage from flooding and rock chips in glass. The highest amount you can receive from a comprehensive claim is the cash value of the vehicle, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Insurance for medical payments – Coverage for medical payments and/or PIP reimburse you for short-term medical expenses like pain medications, funeral costs and EMT expenses. They can be utilized in addition to your health insurance program or if you do not have health coverage. Coverage applies to not only the driver but also the vehicle occupants as well as being hit by a car walking across the street. PIP coverage is not available in all states but can be used in place of medical payments coverage

Uninsured Motorist or Underinsured Motorist insurance – This gives you protection from other drivers when they are uninsured or don’t have enough coverage. It can pay for hospital bills for your injuries as well as damage to your 1993 GMC Sierra 1500.

Because many people carry very low liability coverage limits, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea.

Collision coverages – This will pay to fix damage to your Sierra 1500 resulting from a collision with an object or car. You first must pay a deductible and the rest of the damage will be paid by collision coverage.

Collision insurance covers claims like hitting a mailbox, rolling your car, damaging your car on a curb, crashing into a building and crashing into a ditch. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from older vehicles. Another option is to raise the deductible to bring the cost down.

Shop smart and save

As you restructure your insurance plan, don’t be tempted to buy poor coverage just to save money. In many cases, someone sacrificed comprehensive coverage or liability limits and found out when filing a claim that their decision to reduce coverage ended up costing them more. Your focus should be to get the best coverage possible at the best cost but still have enough coverage for asset protection.

Low-cost 1993 GMC Sierra 1500 insurance can be found on the web in addition to local insurance agencies, so you should compare both in order to have the best price selection to choose from. A few companies do not offer internet price quotes and these small, regional companies prefer to sell through independent agencies.

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