1992 GMC Sierra 2500 Insurance Rates – 7 Tips to Save

Searching for cheaper insurance rates for your GMC Sierra 2500? Nobody cherishes buying insurance, particularly when the cost is way too high. Consumers have many car insurance companies to pick from, and even though it’s nice to be able to choose, lots of choices makes it harder to compare rates.

Finding affordable coverage is quite easy. If you are insured now or are just looking to switch companies, you can follow these tips to find the best rates and still get good coverage. Consumers just need to learn the most efficient way to compare prices online.

More discounts equal less premium

Auto insurance companies don’t always list all available discounts very well, so we break down some of the more common and also the lesser-known discounts you could be receiving. If you don’t get every credit possible, you are throwing money away.

  • Fewer Miles Equal More Savings – Keeping the miles down on your GMC can earn better rates on cars that stay parked.
  • Defensive Driver – Completing a course teaching defensive driving skills could cut 5% off your bill if you qualify.
  • Anti-lock Brake System – Vehicles equipped with ABS or steering control can reduce accidents and qualify for as much as a 10% discount.
  • Good Students Pay Less – A discount for being a good student can earn a discount of 20% or more. Earning this discount can benefit you up to age 25.
  • Resident Student – Children who are attending college and do not have access to a covered vehicle may be able to be covered for less.
  • Sign Early and Save – A few companies offer discounts for switching policies before your current expiration date. It can save you around 10%.
  • Passive Restraint Discount – Cars that have air bags or automatic seat belts can receive discounts of more than 20%.

Drivers should understand that most discounts do not apply to the overall cost of the policy. A few only apply to specific coverage prices like comprehensive or collision. Just because it seems like you can get free auto insurance, insurance companies aren’t that generous.

Companies who might offer these discounts include:

Double check with all companies you are considering how you can save money. Some discounts might not apply in your area.

It’s not one size fits all

When choosing coverage for your personal vehicles, there is no perfect coverage plan. Each situation is unique so your insurance should reflect that For example, these questions may help you determine whether your personal situation would benefit from professional advice.

  • How can I get my company to pay me more for my totalled car?
  • Where can I get insurance after a DUI in my state?
  • Does having multiple vehicles earn me a discount?
  • Is business equipment covered while in my vehicle?
  • Does liability extend to a camper or trailer?
  • When would I need rental car insurance?
  • Is a new car covered when I drive it off the dealer lot?
  • Am I covered when delivering products for my home-based business?
  • When should I drop full coverage on my 1992 GMC Sierra 2500?

If you’re not sure about those questions then you might want to talk to a licensed insurance agent. If you don’t have a local agent, simply complete this short form or you can go here for a list of companies in your area. It’s fast, doesn’t cost anything and can provide invaluable advice.

Don’t believe everything you hear

Drivers constantly see and hear ads for the lowest price auto insurance from companies such as Allstate, Geico and Progressive. They all seem to make an identical promise about savings after switching your policy.

How do they all say the same thing? It’s all in the numbers.

All companies are able to cherry pick for the driver they prefer to insure. For example, a driver they prefer could be between 30 and 50, has no prior claims, and has a high credit rating. A customer getting a price quote who meets those qualifications is entitled to the best price and most likely will cut their rates substantially.

Potential insureds who don’t meet these standards must pay more money which usually ends up with business going elsewhere. The ads say “customers who switch” not “everyone that quotes” save money. That’s why insurance companies can advertise the savings. This illustrates why you absolutely need to quote coverage with many companies. Because you never know which company will have the lowest GMC Sierra 2500 insurance rates.

Car insurance coverage information

Learning about specific coverages of insurance helps when choosing appropriate coverage for your vehicles. Policy terminology can be difficult to understand and reading a policy is terribly boring. Shown next are the usual coverages found on the average insurance policy.

Comprehensive or Other Than Collision

Comprehensive insurance pays to fix your vehicle from damage from a wide range of events other than collision. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive insurance covers things such as damage from flooding, vandalism and hail damage. The maximum amount you can receive from a comprehensive claim is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.

Auto liability insurance

This protects you from injuries or damage you cause to a person or their property in an accident. It consists of three limits, bodily injury per person, bodily injury per accident and property damage. Your policy might show liability limits of 100/300/100 which means $100,000 bodily injury coverage, $300,000 for the entire accident, and a total limit of $100,000 for damage to vehicles and property.

Liability coverage pays for claims such as medical services, structural damage and pain and suffering. The amount of liability coverage you purchase is a decision to put some thought into, but you should buy as much as you can afford.

Coverage for collisions

This covers damage to your Sierra 2500 resulting from a collision with an object or car. A deductible applies and then insurance will cover the remainder.

Collision can pay for things such as backing into a parked car, sustaining damage from a pot hole, colliding with another moving vehicle and sideswiping another vehicle. This coverage can be expensive, so you might think about dropping it from vehicles that are 8 years or older. It’s also possible to increase the deductible to get cheaper collision coverage.

Medical costs insurance

Medical payments and Personal Injury Protection insurance reimburse you for short-term medical expenses for hospital visits, pain medications, dental work and doctor visits. They can be used to cover expenses not covered by your health insurance policy or if you do not have health coverage. Coverage applies to you and your occupants and will also cover any family member struck as a pedestrian. Personal injury protection coverage is not available in all states and may carry a deductible

UM/UIM 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 claims include injuries to you and your family and also any damage incurred to your 1992 GMC Sierra 2500.

Since a lot of drivers only carry the minimum required liability limits, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea.

Buy online or local, you save

Budget-conscious 1992 GMC Sierra 2500 insurance is definitely available from both online companies and also from your neighborhood agents, so compare prices from both in order to have the best price selection to choose from. Some insurance providers may not provide online price quotes and many times these small insurance companies only sell through independent insurance agents.

As you restructure your insurance plan, don’t be tempted to buy lower coverage limits just to save a few bucks. In too many instances, an insured dropped liability coverage limits only to regret at claim time that saving that couple of dollars actually costed them tens of thousands. The ultimate goal is to find the BEST coverage at a price you can afford, not the least amount of coverage.

We covered a lot of information how to save on insurance. 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 best prices are with some of the lesser-known companies. They may only write in your state and offer lower rates than the large multi-state companies such as State Farm or Progressive.

More detailed car insurance information can be read at these sites: