How Much Does 2014 GMC Sierra 1500 Car Insurance Cost?

Searching for cheaper auto insurance rates for your GMC Sierra 1500? Nobody I know likes buying auto insurance, in particular when they could lower their rates if they shopped around.

Numerous insurers battle for your business, so it can be very hard to choose a provider to discover the definitive cheapest price

You should make it a habit to compare premium rates at least once a year because prices are usually higher with each renewal. Even if you think you had the best deal for Sierra coverage at your last renewal you may be paying too much now. Block out anything you think you know about auto insurance because I’m going to teach you the proper way to lower your annual insurance bill.

If you currently have car insurance, you should be able to cut costs considerably using these techniques. Finding affordable coverage is not that difficult. Nevertheless, car owners do need to know the way companies price online insurance and apply this information to your search.

The easiest way to compare rate quotes is to know the fact most insurance companies will pay a fee to quote your coverage. To start a quote, the only thing you need to do is provide a small amount of information such as how much you drive, how you use your vehicles, what you do for a living, and the ages of drivers. Your rating data is automatically sent to multiple top-rated companies and they provide comparison quotes instantly to find the best rate.

Big names are not always cheapest

Insurance coverage providers like Allstate and Progressive regularly use ads on television and other media. All the companies make the same claim about how much you will save if you just switch to their company. How does each company cost less than your current company?

All the different companies have an ideal profile for the type of driver that makes them money. An example of a profitable insured could possibly be between the ages of 30 and 50, carries high limits, and drives newer vehicles. Anyone that hits that “sweet spot” is entitled to the best price and will probably save when switching.

Potential customers who fall outside these stringent criteria must pay higher rates with the end result being business going elsewhere. If you pay attention, the ads say “customers that switch” not “everybody who quotes” can get the lowest rates when switching. This is how companies can truthfully make claims that they all have the best premium rates.

This illustrates why you need to compare price quotes frequently. Because you cannot predict the company that will have better car insurance rates than you’re paying now.

Lower rates by qualifying for discounts

Insurance can cost an arm and a leg, but you might find some hidden discounts that may help make it more affordable. Many discounts should be triggered at quote time, but some must be requested specifically before they will apply. If you check and find you aren’t receiving every discount available, you are throwing money away.

  • Resident Student – Kids who live away from home at college and don’t have a car may be able to be covered for less.
  • Auto/Life Discount – Not all insurance carriers offer life insurance, but some may give you a discounted premium rate on car insurance if you buy life insurance from them.
  • Driver’s Ed – Require your teen driver to complete a driver education course in school.
  • Driving Data Discount – Policyholders that allow driving data submission to track where and when they drive remotely like Allstate’s Drivewise may get a rate reduction if they are good drivers.
  • Low Mileage Discounts – Maintaining low annual mileage can qualify you for discounted rates on garaged vehicles.
  • Sign Online – A few insurance companies will give you a small discount for buying a policy and signing up on your computer.
  • Homeowners Savings – Simply owning a home can help you save on insurance since home ownership means you have a higher level of financial diligence.
  • Senior Citizens – Mature drivers are able to get a small decrease in premiums for Sierra coverage.
  • Multi-car Discount – Drivers who insure multiple cars or trucks with the same insurance company can get a discount on all vehicles.

It’s important to note that most credits do not apply to your bottom line cost. Most only apply to specific coverage prices like liability, collision or medical payments. Just because you may think it’s possible to get free car insurance, it doesn’t quite work that way. Any qualifying discounts will definitely lower the cost of coverage.

Larger insurance companies and some of their more popular discounts are detailed below.

  • Progressive offers discounts for multi-vehicle, online quote discount, multi-policy, continuous coverage, and homeowner.
  • MetLife has savings for good driver, multi-policy, accident-free, defensive driver, claim-free, and good student.
  • Mercury Insurance offers premium reductions for accident-free, good student, low natural disaster claims, type of vehicle, annual mileage, and anti-theft.
  • Nationwide discounts include easy pay, family plan, business or organization, defensive driving, and accident-free.
  • Geico includes discounts for multi-vehicle, defensive driver, anti-theft, multi-policy, and emergency military deployment.
  • AAA may offer discounts for anti-theft, good driver, pay-in-full, AAA membership discount, good student, multi-car, and multi-policy.

Double check with each insurance company which discounts they offer. Some of the earlier mentioned discounts might not be offered on policies in your area. To find insurance companies who offer free insurance quotes, follow this link.

Car insurance is unique, just like you

When it comes to buying adequate coverage, there really is not a perfect coverage plan. Everyone’s situation is unique and your policy should reflect that. Here are some questions about coverages that could help you determine whether or not you might need professional guidance.

  • Am I covered if I hit a deer?
  • Do I need roadside assistance coverage?
  • I don’t drive much so do I pay less?
  • Does my liability insurance cover pulling a trailer or camper?
  • Do I have coverage when using my vehicle for my home business?
  • Where can I find DUI or SR-22 insurance?
  • Is there coverage for injuries to my pets?
  • Are my tools covered if they get stolen from my vehicle?
  • What is high-risk coverage and where do I buy it?

If you’re not sure about those questions, you might consider talking to a licensed agent. To find an agent in your area, complete this form or you can also visit this page to select a carrier

Educate yourself about insurance coverages

Knowing the specifics of your insurance policy can be of help when determining the best coverages and the correct deductibles and limits. The coverage terms in a policy can be impossible to understand and coverage can change by endorsement. Shown next are typical coverages available from insurance companies.

Uninsured/Underinsured Motorist coverage

Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants when the “other guys” either have no liability insurance or not enough. Covered losses include injuries to you and your family and damage to your 2014 GMC Sierra 1500.

Since a lot of drivers only carry the minimum required liability limits, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is a good idea. Usually the UM/UIM limits are set the same as your liablity limits.

Liability

This coverage will cover damage or injury you incur to other’s property or people in an accident. This coverage protects you from claims by other people, and does not provide coverage for 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. Your policy might show policy limits of 25/50/25 which means a limit of $25,000 per injured person, a limit of $50,000 in injury protection per accident, and $25,000 of coverage for damaged propery. Another option is one limit called combined single limit (CSL) which provides one coverage limit with no separate limits for injury or property damage.

Liability coverage pays for claims such as repair costs for stationary objects, attorney fees, emergency aid, structural damage and loss of income. The amount of liability coverage you purchase is a decision to put some thought into, but it’s cheap coverage so purchase higher limits if possible.

Coverage for collisions

This covers damage to your Sierra 1500 caused by collision with another car or object. You first must pay a deductible then your collision coverage will kick in.

Collision insurance covers things like colliding with a tree, crashing into a building, scraping a guard rail, hitting a mailbox and driving through your garage door. Collision coverage makes up a good portion of your premium, so you might think about dropping it from vehicles that are 8 years or older. You can also bump up the deductible to bring the cost down.

Medical payments coverage and PIP

Personal Injury Protection (PIP) and medical payments coverage kick in for bills for things like EMT expenses, pain medications, hospital visits and rehabilitation expenses. The coverages can be used to fill the gap from your health insurance program or if there is no health insurance coverage. Medical payments and PIP cover all vehicle occupants as well as if you are hit as a while walking down the street. PIP is not an option in every state but can be used in place of medical payments coverage

Comprehensive coverage

This will pay to fix damage OTHER than collision with another vehicle or object. A deductible will apply then your comprehensive coverage will pay.

Comprehensive coverage pays for claims such as a broken windshield, damage from flooding, damage from getting keyed and theft. The most your insurance company will pay is the market value of your vehicle, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

Take this to the bank

We covered a lot of ways to compare 2014 GMC Sierra 1500 insurance premium rates online. It’s most important to understand that the more companies you get prices for, the more likely it is that you will get a better rate. You may be surprised to find that the lowest premium rates come from some of the smallest insurance companies. These smaller insurers can often provide lower prices in certain areas than the large multi-state companies such as State Farm or Progressive.

While you’re price shopping online, never buy poor coverage just to save money. In many cases, an insured dropped comprehensive coverage or liability limits only to discover later that it was a big error on their part. Your goal should be to buy a smart amount of coverage for the lowest cost, but don’t skip important coverages to save money.

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