I really doubt anyone likes buying insurance coverage, especially when they could find lower prices if they just compared rates.
Big companies like Geico, Farmers Insurance and State Farm all claim big savings, bombarding you with ad campaigns and it is difficult to see through the cute green geckos and mayhem and take the time to shop coverage around.
Consumers should take time to compare rates every six months because rates are constantly changing. Just because you found the lowest rate on Sierra coverage six months ago the chances are good that you can find a lower price today. There is a lot of bad information regarding insurance coverage on the web, but in just a couple of minutes you can learn a lot of great tips on how to find cheap insurance coverage.
Some insurance providers don’t list all disounts in a way that’s easy to find, so we researched both well-publicized and also the more inconspicuous discounts that may be available.
One last thing about discounts, most discount credits are not given to your bottom line cost. Most cut specific coverage prices like liability and collision coverage. Even though it may seem like adding up those discounts means a free policy, you won’t be that lucky.
Larger auto insurance companies and some of the discounts can be found below.
Check with all the companies to apply every possible discount. Some discounts may not be available in your area. To locate insurance companies who offer auto insurance discounts, click here to view.
When buying insurance it’s important to understand a few of the rating criteria that are used to determine your policy premiums. When consumers understand what determines premiums, this allows you to make educated decisions that can earn you lower rates.
When buying the right insurance coverage, there really is no “best” method to buy coverage. Everyone’s needs are different so this has to be addressed. Here are some questions about coverages that could help you determine whether or not you would benefit from professional advice.
If you can’t answer these questions but you know they apply to you, then you may want to think about talking to an agent. To find lower rates from a local agent, simply complete this short form or click here for a list of car insurance companies in your area.
Popular auto insurance providers such as Progressive, Geico, Allstate and State Farm regularly use television, radio, and online ads. They all seem to have a common claim that drivers can save some big amount after switching your auto insurance policy to them. But how can every company have lower policy pricing? This is the way they can do it.
Auto insurance companies look for specific characteristics for the type of customer that will not have excessive claims. For instance, a profitable insured could be over the age of 40, has no driving citations, and chooses high deductibles. Any driver who matches that profile is entitled to the best price and will also save quite a bit of money when switching.
Consumers who cannot meet this ideal profile will probably have to pay a higher rate which leads to the customer not purchasing. The ads say “people that switch” not “everyone who quotes” save that much money. That’s why insurance companies can advertise the savings. This really illustrates why you absolutely need to quote coverage with many companies. It is impossible to predict the company that will have better prices than you’re paying now.
Having a good grasp of your insurance policy helps when choosing appropriate coverage and the correct deductibles and limits. Policy terminology can be confusing and even agents have difficulty translating policy wording. These are the normal coverages found on most insurance policies.
Medical payments coverage and PIP – Medical payments and Personal Injury Protection insurance reimburse you for immediate expenses like prosthetic devices, funeral costs, surgery, hospital visits and doctor visits. They are often used in conjunction with a health insurance plan or if there is no health insurance coverage. Medical payments and PIP cover all vehicle occupants and will also cover being hit by a car walking across the street. Personal injury protection coverage is not available in all states and gives slightly broader coverage than med pay
Comprehensive coverage – Comprehensive insurance coverage pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible and then insurance will cover the rest of the damage.
Comprehensive coverage protects against things such as hail damage, hitting a bird, damage from flooding and vandalism. The highest amount you’ll receive from a claim is the cash value of the vehicle, so if the vehicle’s value is low consider removing comprehensive coverage.
Uninsured/Underinsured Motorist coverage – This protects you and your vehicle’s occupants when other motorists either have no liability insurance or not enough. This coverage pays for hospital bills for your injuries as well as your vehicle’s damage.
Because many people 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 should not be overlooked.
Liability insurance – This coverage provides protection from damage or injury you incur to other people or property in an accident. It protects you from claims by other people. Liability doesn’t cover your injuries or vehicle damage.
Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see values of 25/50/25 which stand for $25,000 bodily injury coverage, a limit of $50,000 in injury protection per accident, and property damage coverage for $25,000.
Liability coverage pays for things like medical services, medical expenses, attorney fees and structural damage. The amount of liability coverage you purchase is up to you, but you should buy as high a limit as you can afford.
Collision coverages – Collision coverage will pay to fix damage to your Sierra 2500 caused by collision with another vehicle or an object, but not an animal. You have to pay a deductible and then insurance will cover the remainder.
Collision insurance covers things such as crashing into a building, sideswiping another vehicle, colliding with a tree, crashing into a ditch and rolling your car. Collision coverage makes up a good portion of your premium, so consider dropping it from vehicles that are older. Another option is to bump up the deductible to save money on collision insurance.
Some companies do not provide price quotes online and usually these regional insurance providers only sell through local independent agencies. Discount 2002 GMC Sierra 2500 insurance can be bought both online as well as from insurance agents, so compare prices from both to have the best selection.
When searching for cheap insurance coverage quotes, you should never sacrifice coverage to reduce premiums. There are a lot of situations where consumers will sacrifice comprehensive coverage or liability limits and found out when filing a claim that the small savings ended up costing them much more. Your goal is to buy enough coverage for the lowest cost, but do not sacrifice coverage to save money.
For more information, take a look at these articles: