2004 GMC Sierra 1500 Insurance Cost

Trying to find lower car insurance rates for your GMC Sierra 1500? Feel like you’re a prisoner to an overpriced car insurance policy? You’re in good company because many consumers feel financially strained by their car insurance policy. Because there are so many companies to choose from, it can be hard to pick the right company.

Buy car insurance online

There are a variety of methods you can shop for car insurance and some are less time-consuming than others. You can waste a few hours (or days) talking about coverages with insurance agencies in your area, or you could save time and use the web to get the quickest rates.

Most of the best insurance companies enroll in a system that allows shoppers to submit their information once, and every company can provide price quotes based on that information. This saves time by eliminating repetitive form submissions for every car insurance company. To get comparison pricing now click to open in new window.

The only drawback to comparing rates this way is buyers cannot specifically choose the insurers you want to price. If you wish to select individual companies to compare rates, we put together a list of the cheapest car insurance companies in your area. Click to view list.

Whichever way you choose to compare rates, make sure you use nearly identical coverage data with every price quote. If each company quotes differing limits it will be next to impossible to decipher which rate is best.

More affordable rates with discounts

Not too many consumers would say auto insurance is affordable, but you can get discounts that can help lower your rates. A few discounts will automatically apply at the time of quoting, but less common discounts must be requested specifically before they will apply.

  • Multiple Policy Discount – If you can combine your auto and home policy with the same company you could get a discount of over 10 percent off each policy depending on the company.
  • Professional Organizations – Affiliation with a professional or civic organization is a simple method to lower premiums on your next renewal.
  • Discount for Low Mileage – Fewer annual miles on your GMC can earn better prices on cars that stay parked.
  • Discounts for New Vehicles – Insuring a new car can cost up to 25% less since newer vehicles are generally safer.
  • Discounts for Multiple Vehicles – Buying insurance for multiple cars or trucks with one company can get a discount on all vehicles.
  • Drivers Education – Make teen driver coverage more affordable by requiring them to take driver’s ed class in school.
  • Data Collection Discounts – Drivers who elect to allow their company to study vehicle usage by using a telematics device in their vehicle such as In-Drive from State Farm or Allstate’s Drivewise system could possibly reduce rates if they are good drivers.

Don’t be shocked that some credits don’t apply to the entire policy premium. Most only reduce the cost of specific coverages such as comprehensive or collision. Even though it may seem like you would end up receiving a 100% discount, that’s just not realistic.

A few companies that have these money-saving discounts include:

If you need lower rates, check with each company how you can save money. Discounts might not be available to policyholders in your area. If you would like to see a list of auto insurance companies that offer multiple discounts, click this link.

What is the best car insurance coverage?

When it comes to choosing adequate coverage, there is no “perfect” insurance plan. Each situation is unique so this has to be addressed. Here are some questions about coverages that can aid in determining whether you might need professional guidance.

  • Will my rates increase for filing one claim?
  • I have a DUI can I still get coverage?
  • When should I buy a commercial auto policy?
  • How many claims can I have before being cancelled?
  • Do I need added coverage for expensive stereo equipment?
  • Am I insured when driving a different vehicle?
  • Why am I required to buy high-risk coverage?
  • Do I have coverage if my license is suspended?
  • Is motorclub coverage worth it?

If you’re not sure about those questions, you might consider talking to an agent. To find an agent in your area, fill out this quick form or click here for a list of car insurance companies in your area. It’s fast, free and may give you better protection.

The coverage is in the details

Learning about specific coverages of insurance can be of help when determining appropriate coverage for your vehicles. Policy terminology can be confusing and even agents have difficulty translating policy wording. Below you’ll find typical coverages offered by insurance companies.

Med pay and Personal Injury Protection (PIP) – Personal Injury Protection (PIP) and medical payments coverage kick in for short-term medical expenses such as pain medications, surgery, X-ray expenses, hospital visits and chiropractic care. They are often used in conjunction with a health insurance program or if you are not covered by health insurance. Coverage applies to you and your occupants and also covers if you are hit as a while walking down the street. PIP is only offered in select states but it provides additional coverages not offered by medical payments coverage

Comprehensive insurance – Comprehensive insurance pays for damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for things such as a tree branch falling on your vehicle, hail damage and damage from flooding. The most a insurance company will pay at claim time is the ACV or actual cash value, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.

Uninsured/Underinsured Motorist (UM/UIM) – 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 and damage to your 2004 GMC Sierra 1500.

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 is very important. Usually these limits are identical to your policy’s liability coverage.

Auto liability – Liability insurance can cover damages or injuries you inflict on other people or property that is your fault. It protects YOU from legal claims by others. It does not cover damage to your own property or vehicle.

Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see values of 50/100/50 which stand for a limit of $50,000 per injured person, a limit of $100,000 in injury protection per accident, and property damage coverage for $50,000. Occasionally you may see one limit called combined single limit (CSL) which provides one coverage limit and claims can be made without the split limit restrictions.

Liability coverage pays for things such as attorney fees, medical services and legal defense fees. How much liability should you purchase? That is up to you, but buy as much as you can afford.

Collision – Collision insurance pays to fix your vehicle from damage caused by collision with an object or car. You will need to pay your deductible then your collision coverage will kick in.

Collision coverage pays for claims such as colliding with a tree, sustaining damage from a pot hole and colliding with another moving vehicle. Paying for collision coverage can be pricey, so consider dropping it from older vehicles. It’s also possible to bump up the deductible to get cheaper collision coverage.

Keep this in mind

Cheaper auto insurance can be found from both online companies and also from your neighborhood agents, and you need to comparison shop both so you have a total pricing picture. A few companies may not have rate quotes online and these regional carriers only sell through independent agencies.

We just presented quite a bit of information on how to shop for 2004 GMC Sierra 1500 insurance online. It’s most important to understand that the more price quotes you have, the better your comparison will be. Drivers may discover the lowest rates are with some of the lesser-known companies. They may only write in your state and offer lower car insurance rates compared to the large companies like State Farm, Geico and Nationwide.

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