Cheaper 2003 GMC Sierra 1500 Insurance Quotes

Want lower insurance coverage rates for your GMC Sierra 1500? Are you intimidated by the sheer number of insurance coverage choices that you can choose from? Lot’s of other drivers are too. Consumers have such a large number of options that it can easily become a real difficult job to find a cheaper company.

It’s smart to get comparison quotes quite often since insurance rates fluctuate regularly. Even if you got the best deal for Sierra insurance at your last renewal other companies may now be cheaper. Forget all the misinformation about insurance coverage because it’s time to teach you one of the best ways to reduce your cost while increasing coverage.

Lower rates by qualifying for discounts

Auto insurance companies do not advertise their entire list of discounts in a way that’s easy to find, so the list below gives a summary of a few of the more well known as well as some of the hidden credits available to bring down your rates.

  • Bundle and Save – When you combine your homeowners and auto insurance and insure them both with the same insurance company you may save nearly 15% which can help you find affordable car insurance.
  • Air Bag Discount – Vehicles equipped with air bags or automatic seat belts may qualify for discounts of up to 25% or more.
  • Resident Student – Any of your kids who attend college more than 100 miles from home and do not have access to a covered vehicle could qualify for this discount.
  • Multi-Vehicle Discounts – Drivers who insure multiple cars or trucks with the same company can reduce rates for all insured vehicles.
  • Payment Method – If you can afford to pay the entire bill instead of monthly or quarterly installments you can actually save on your bill.
  • Driver’s Education for Students – Make teen driver coverage more affordable by requiring them to enroll and complete driver’s education if offered at their school.
  • No Claim Discounts – Insureds who avoid accidents and claims can save substantially in comparison to drivers who are more careless.
  • Driving Data Discount – Drivers who agree to allow data collection to study driving habits by installing a telematics device like In-Drive from State Farm and Progressive’s Snapshot could save a few bucks if they are good drivers.

Discounts save money, but please remember that some of the credits will not apply to the overall cost of the policy. Most only reduce the cost of specific coverages such as liability and collision coverage. Just because you may think it’s possible to get free car insurance, you aren’t that lucky.

A few popular companies and their offered discounts are outlined below.

  • Geico has savings for federal employee, membership and employees, defensive driver, daytime running lights, air bags, multi-vehicle, and five-year accident-free.
  • Mercury Insurance includes discounts for anti-theft, professional/association, accident-free, multi-car, and type of vehicle.
  • Farmers Insurance has discounts for alternative fuel, youthful driver, pay in full, electronic funds transfer, and switch companies.
  • Auto-Owners Insurance may offer discounts for air bags, anti-theft, group or association, company car, mature driver, safe vehicle, and anti-lock brakes.
  • Liberty Mutual offers discounts including exclusive group savings, multi-policy, newly retired, multi-car, good student, and teen driver discount.
  • SAFECO discounts include teen safety rewards, multi-car, anti-theft, anti-lock brakes, and drive less.
  • Progressive policyholders can earn discounts including online signing, multi-policy, good student, multi-vehicle, and homeowner.
  • USAA may have discounts that include safe driver, driver training, vehicle storage, multi-policy, and new vehicle.

Check with each insurance company the best way to save money. Depending on the company, some discounts may not be offered in your area. To view providers that offer discounts, follow this link.

Six things that affect your insurance costs

Smart consumers have a good feel for the rating factors that help determine your premiums. If you have a feel for what impacts premium levels, this enables you to make decisions that may reward you with cheaper rates.

The list below includes a partial list of the pieces companies use to determine premiums.

  • Costs increase with policy add-ons – There are a ton of extra coverages you can purchase if you aren’t careful. Coverages like roadside assistance, accidental death, and membership fees could be just wasting money. They may sound like good ideas initially, but if they’re wasting money remove them from your policy.
  • Reserve policy claims for larger damages – Insurance companies give discounts to drivers who are not frequent claim filers. If you frequently file small claims, you can expect either higher rates or even cancellation. Auto insurance is meant to be used in the event of major claims that would cause financial hardship.
  • Vehicle theft costs us all – Selecting a car model that has a built-in theft deterrent system can get you a discount on your car insurance. Anti-theft devices such as vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems help track and prevent auto theft.
  • Allowing your car insurance policy to lapse raises car insurance rates – Allowing your car insurance policy to lapse can be a fast way to increase your renewal premiums. And not only will your rates increase, failure to provide proof of insurance can result in fines and jail time.
  • Pleasure use saves money – The more miles you rack up on your GMC every year the higher your rates will be. Many insurance companies apply a rate partially by how you use the vehicle. Cars that have low annual miles get more affordable rates than those used for commuting. Having an incorrect usage rating on your Sierra 1500 is throwing money out the window. Ask your agent if your vehicle rating correctly shows annual mileage, because it can save money.
  • Traffic violations increase premiums – Getting just one moving violation may increase your cost to the point where it’s not affordable. Good drivers receive lower rates compared to drivers with tickets. Drivers who get dangerous violations like reckless driving or DUI might be required by their state to submit a SR-22 form with the DMV in their state in order to prevent a license revocation.

Car insurance is unique, just like you

When it comes to buying adequate coverage for your personal vehicles, there really is not a single plan that fits everyone. Everyone’s situation is unique.

For example, these questions can help discover if your situation could use an agent’s help.

  • What is the minimum liability in my state?
  • Will my rates increase for filing one claim?
  • Why am I required to buy high-risk coverage?
  • How can I get my company to pay me more for my totalled car?
  • Does my insurance cover a custom paint job?
  • Where can I get insurance after a DUI in my state?
  • Why do I need rental car insurance?
  • Is my vehicle covered by my employer’s policy when using it for work?

If you’re not sure about those questions but you think they might apply to your situation, you might consider talking to an agent. If you want to speak to an agent in your area, fill out this quick form.

Do you really save 40% when you switch?

21st Century, Allstate and State Farm endlessly run ads on TV and radio. All the companies make the same claim about saving some big amount after switching your coverage to them. How does every car insurance company charge lower premium rates? This is how they do it.

Many companies quote their best rates for a prospective insured that earns them a profit. For example, a preferred risk might be married and over the age of 30, insures multiple vehicles, and has a high credit rating. Anyone who meets those qualifications will get low rates and therefore will save quite a bit of money when switching.

Insureds who don’t measure up to the “perfect” profile will be charged a higher rate and the customer not buying. The ads say “customers who switch” but not “all drivers who get quotes” can get the lowest rates when switching. That is how companies can truthfully state the savings. Different companies use different criteria so you absolutely need to quote coverage with many companies. Because you cannot predict the company that will have the best rates.

What insurance coverages do you need?

Learning about specific coverages of your insurance policy helps when choosing the best coverages at the best deductibles and correct limits. Insurance terms can be difficult to understand and nobody wants to actually read their policy.

Coverage for medical expenses – Med pay and PIP coverage reimburse you for immediate expenses such as prosthetic devices, X-ray expenses, EMT expenses and hospital visits. They are used to fill the gap from your health insurance plan or if you lack health insurance entirely. They cover both the driver and occupants and also covers getting struck while a pedestrian. PIP is not an option in every state and may carry a deductible

Auto liability insurance – This coverage provides protection from injuries or damage you cause to people or other property in an accident. This coverage protects you from claims by other people. Liability doesn’t cover your own vehicle damage or injuries.

Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. You might see policy limits of 50/100/50 that means you have $50,000 bodily injury coverage, $100,000 for the entire accident, and a total limit of $50,000 for damage to vehicles and property.

Liability coverage protects against things like pain and suffering, repair costs for stationary objects and attorney fees. How much coverage you buy is up to you, but consider buying as much as you can afford.

Collision – This pays for damage to your Sierra 1500 from colliding with an object or car. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision coverage pays for claims like hitting a parking meter, backing into a parked car, crashing into a building and sideswiping another vehicle. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from lower value vehicles. You can also choose a higher deductible to save money on collision insurance.

Coverage for uninsured or underinsured drivers – Your UM/UIM coverage protects you and your vehicle’s occupants when other motorists either have no liability insurance or not enough. It can pay for injuries to you and your family and also any damage incurred to your GMC Sierra 1500.

Because many people only purchase the least amount of liability that is required, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family.

Comprehensive insurance – Comprehensive insurance pays to fix your vehicle from 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 things such as rock chips in glass, hail damage and damage from flooding. The most you’ll receive from a claim is the cash value of the vehicle, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.

What is YOUR best insurance company?

Cost effective 2003 GMC Sierra 1500 insurance can be found on the web and also from your neighborhood agents, so you need to quote car insurance with both to have the best chance of lowering rates. Some insurance coverage companies do not provide online price quotes and these small, regional companies prefer to sell through independent insurance agents.

People change insurance companies for a number of reasons such as an unsatisfactory settlement offer, questionable increases in premium, high rates after DUI convictions or extreme rates for teen drivers. Regardless of your reason, switching companies is pretty easy and you might even save some money in the process.

When searching for inexpensive car insurance quotes, never buy lower coverage limits just to save a few bucks. Too many times, someone dropped collision coverage only to find out they didn’t purchase enough coverage. Your goal should be to buy enough coverage at a price you can afford while still protecting your assets.

Helpful articles