Cheap 1994 GMC Sierra 3500 Insurance Rates

Do you get frustrated by the sheer number of auto insurance companies? You’re not alone. You have such a vast assortment of companies available that it can be hard work to find the best premium rates.

You should take the time to shop coverage around occasionally because insurance prices change regularly. Just because you had the lowest rates on Sierra coverage a couple years back you will most likely find a better rate quote today. Ignore everything you know about auto insurance because it’s time to teach you the right way to remove unneeded coverages and save money.

How you can control GMC Sierra 3500 insurance premiums

Lots of factors are used in the calculation when you quote your car insurance policy. Some of the criteria are obvious like an MVR report, but some are not quite as obvious such as your credit history or how safe your car is.It’s important that you understand the factors that go into determining the price you pay for auto insurance. If you know what impacts premium levels, this enables informed choices that could result in better auto insurance rates.

  • Experienced drivers are lower risk – More experienced drivers are shown to be more cautious, file fewer claims , and are generally more financially stable.Youthful drivers are proven to be inattentive when behind the wheel so auto insurance rates are higher.
  • Driving citations can be expensive – Having just one citation can bump up the cost substantially. Drivers who don’t get tickets get better prices than their less careful counterparts. People who have flagrant violations like hit and run, DWI or reckless driving convictions may be required to file a proof of financial responsibility form (SR-22) with their state DMV in order to keep their license.
  • Vocation impacts premiums – Jobs like real estate brokers, executives and dentists are shown to have higher average rates because of intense work-related stress and lengthy work days. On the flip side, professions such as scientists, engineers and homemakers have the lowest average rates on Sierra coverage.
  • Married people drive safer – Getting married may earn you lower rates on your auto insurance bill. Having a significant other generally demonstrates drivers are less irresponsible and insurance companies reward insureds because married drivers tend to have fewer serious accidents.
  • Extra coverages push up premiums – There are a lot of optional add-on coverages that you can buy if you don’t pay attention. Coverage for things like rental car coverage, better glass coverage, and extra equipment coverage are examples of these. They may seem good at first, but if you don’t need them eliminate the coverages to reduce your premium.
  • Optional features can affect premiums – Selecting a car model with a theft deterrent system can help lower your premiums. Theft deterrent systems such as OnStar, LoJack tracking, and tamper alarms help track and prevent your car from being stolen.
  • Women tend to take less risk – Statistics have proven that women are safer drivers than men. Now that doesn’t mean males are worse at driving than females. Men and women tend to get into auto accidents at about the same rate, but the male of the species cause more damage. Men also get cited for more serious violations like driving under the influence (DUI).
  • Never have auto insurance lapses – Letting your insurance expire will be a fast way to increase your renewal premiums. And not only will insurance be more expensive, failure to provide proof of insurance will get you a fine, jail time, or a revoked license. Then you may be required to provide proof of insurance in the form of an SR-22 filing with your state motor vehicle department.

The best way we recommend to compare insurance rates from multiple companies is to know the trick auto insurance companies have advanced systems to give free rates quotes. The only thing you need to do is provide information like if you lease or own, if it has an alarm system, if you went to college, and whether you are married. Your rating data is sent automatically to insurance companies and they return rate quotes very quickly.

Do car insurance companies bend the truth?

Well-known car insurance companies like 21st Century, Allstate and State Farm constantly bombard you with ads on TV and radio. All the companies say the same thing that drivers will save a bundle just by moving your policy. How can each company charge you a lower premium? This is the way they can do it.

Car insurance companies have strict underwriting profiles for a prospective insured that will be a good risk. For example, a desirable insured may need to be over age 30, carries full coverage, and drives a lower-performance vehicle. Anybody that matches those criteria receive the lowest rate quotes and have a good chance to save a lot if they switch.

Insureds who do not fit the ideal profile will probably have to pay higher premiums which usually ends up with business not being written. If you listen to the ad wording, they say “customers who switch” not “all people who quote” save money. This is how insurance companies can confidently advertise the way they do.

This illustrates why you need to do a rate comparison at every renewal. It’s impossible to know which insurance companies will provide the lowest auto insurance rates.

Verify you’re receiving every discount

Some insurance providers don’t always publicize every possible discount in a way that’s easy to find, so we break down both the well known and the more hidden discounts that you may qualify for.

  • Seat Belts Save more than Lives – Drivers who always wear seat belts and also require passengers to buckle their seat belts can save a little off the personal injury premium cost.
  • Claim-Free Discount – Insureds with no claims or accidents are rewarded with significantly better rates on auto insurance quote in comparison to drivers who are more careless.
  • Air Bags and Passive Restraints – Vehicles equipped with air bags and/or automatic seat belt systems can get savings of 20% or more.
  • Discounts for Responsible Drivers – Safe drivers can pay as much as 50% less on Sierra coverage than their less cautious counterparts.
  • Sign Early and Save – Select insurance companies give a discount for switching to them prior to your current policy expiration. It’s a savings of about 10%.
  • Bundled Policy Discount – If you insure your home and vehicles with one insurance company you could save up to 20% and get you the cheapest auto insurance.
  • Driver Education Discount – Cut your cost by having your teen driver sucessfully take a drivers education course in high school.
  • Discount for Life Insurance – Select insurance companies reward you with a small discount if you purchase a life policy as well.
  • Active Military Service – Being deployed with a military unit could be rewarded with lower insurance rates.
  • Government Employees – Being employed by or retired from a federal job may qualify for a discount when you quote auto insurance on Sierra coverage with select insurance companies.

Discounts reduce rates, but you should keep in mind that most credits do not apply to the entire policy premium. Some only apply to the price of certain insurance coverages like physical damage coverage or medical payments. So even though they make it sound like all those discounts means the company will pay you, you aren’t that lucky.

A list of insurance companies and some of their more popular discounts are outlined below.

  • American Family may offer discounts for multi-vehicle, good driver, good student, TimeAway discount, accident-free, air bags, and mySafetyValet.
  • Nationwide includes discounts for easy pay, multi-policy, Farm Bureau membership, accident-free, business or organization, and good student.
  • MetLife offers discounts including multi-policy, good driver, accident-free, defensive driver, and claim-free.
  • 21st Century offers discounts for homeowners, driver training, teen driver, air bags, and student driver.
  • Farmers Insurance may have discounts that include pay in full, homeowner, switch companies, distant student, early shopping, and mature driver.
  • Allstate may include discounts for farm vehicle, auto/life discount, eSmart discount, defensive driver, multi-policy, 55 and retired, and premier discount.

When comparing rates, check with each company to apply every possible discount. A few discounts might not be offered on policies in your area. To find insurers that provide some of the discounts listed above, follow this link.

When should I discuss my situation with an agent?

When it comes to choosing the right insurance coverage, there really is not a single plan that fits everyone. Your needs are not the same as everyone else’s.

For instance, these questions can help discover whether you will benefit from professional help.

  • What companies insure drivers after a DUI or DWI?
  • Does my insurance cover damage caused when ticketed for reckless driving?
  • Is my teen driver covered when they drive my company car?
  • What if I total my 1994 GMC Sierra 3500 and owe more than it’s worth?
  • What is the difference between comprehensive and collision coverage?
  • Do I need replacement cost coverage?
  • Am I missing any policy discounts?
  • Does my liability insurance cover pulling a trailer or camper?

If it’s difficult to answer those questions then you might want to talk to a licensed insurance agent. If you want to speak to an agent in your area, fill out this quick form.

Specific coverages for a GMC Sierra 3500

Knowing the specifics of your policy aids in choosing the right coverages at the best deductibles and correct limits. The terms used in a policy can be difficult to understand and nobody wants to actually read their policy.

Collision coverage

Collision coverage pays for damage to your Sierra 3500 caused by collision with another vehicle or an object, but not an animal. A deductible applies then your collision coverage will kick in.

Collision can pay for things like damaging your car on a curb, rolling your car and hitting a mailbox. This coverage can be expensive, so consider removing coverage from lower value vehicles. Drivers also have the option to choose a higher deductible to bring the cost down.

Auto liability insurance

This will cover injuries or damage you cause to people or other property in an accident. This insurance protects YOU against other people’s claims. Liability doesn’t cover your injuries or vehicle damage.

Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. You commonly see values of 25/50/25 which means $25,000 in coverage for each person’s injuries, a limit of $50,000 in injury protection per accident, and a limit of $25,000 paid for damaged property. Another option is a combined limit which combines the three limits into one amount with no separate limits for injury or property damage.

Liability can pay for claims like pain and suffering, attorney fees, loss of income, legal defense fees and medical services. How much liability coverage do you need? That is a decision to put some thought into, but it’s cheap coverage so purchase as high a limit as you can afford.

Uninsured/Underinsured Motorist coverage

Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants when the “other guys” do not carry enough liability coverage. Covered claims include medical payments for you and your occupants as well as your vehicle’s damage.

Due to the fact that many drivers have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important. Normally your uninsured/underinsured motorist coverages are identical to your policy’s liability coverage.

Medical payments coverage and PIP

Coverage for medical payments and/or PIP kick in for short-term medical expenses for things like hospital visits, doctor visits and surgery. They are used to fill the gap from your health insurance policy or if you do not have health coverage. They cover you and your occupants and will also cover getting struck while a pedestrian. Personal Injury Protection is not available in all states but it provides additional coverages not offered by medical payments coverage

Comprehensive coverage

Comprehensive insurance pays for damage that is not covered by collision coverage. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for claims such as a tree branch falling on your vehicle, fire damage and falling objects. The most your insurance company will pay is the cash value of the vehicle, so if the vehicle’s value is low it’s not worth carrying full coverage.

Affordable insurance is out there

We just showed you some good ideas how to reduce 1994 GMC Sierra 3500 insurance premium rates online. The key concept to understand is the more rate quotes you have, the more likely it is that you will get a better rate. Consumers could even find that the most savings is with a company that doesn’t do a lot of advertising.

Cheaper 1994 GMC Sierra 3500 insurance can be purchased online in addition to local insurance agencies, so get free auto insurance quotes from both of them to have the best rate selection. Some insurance companies do not offer rates over the internet and most of the time these regional carriers work with independent agencies.

As you prepare to switch companies, never skimp on critical coverages to save a buck or two. There are too many instances where an insured dropped liability limits or collision coverage only to regret at claim time that a couple dollars of savings turned into a financial nightmare. The goal is to get the best coverage possible at the best price but still have enough coverage for asset protection.

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