Cheap 2001 GMC Sierra 1500 Insurance Rates

Searching for better car insurance rates for your GMC Sierra 1500? Searching for the cheapest car insurance on the internet can be difficult for consumers not familiar with price shopping online. With a ridiculous number of online companies available, how can anyone effectively compare every one to find the cheapest available price?

It’s smart to price shop coverage on a regular basis because rates are constantly changing. Even if you got the lowest price for Sierra coverage six months ago there may be better deals available now. So forget anything you know (or think you know) about car insurance because it’s time to teach you the right way to find lower rates on car insurance.

Comprehensive Insurance Comparison

There are several ways of comparing rates from different insurance companies. The recommended way to find competitive 2001 GMC Sierra 1500 insurance rates is to use the internet to compare rates. This is very easy and can be done in just a few minutes using one of these methods.

  1. Probably the best way to find the lowest comparison rates is a comparison rater form (click to open form in new window). This easy form saves time by eliminating separate forms for each company. In just a few minutes this one form will return price quotes from multiple low-cost companies. This is by far the quickest method.
  2. Another way to compare prices requires you to visit each company website to request a price quote. For sake of this example, we’ll assume you want rates from Liberty Mutual, 21st Century and Geico. To get each rate you have to spend time on each company’s site to enter your coverage information, and that’s why the first method is more popular.

    To view a list of companies in your area, click here.

  3. The most time-consuming method of getting rate comparisons is driving to and from local insurance agencies. The ability to buy insurance online eliminates the need for an insurance agent unless you want the professional advice of a licensed agent. Drivers can comparison shop your insurance online and still use a local agent and we’ll cover that in a bit.

It’s up to you how you get prices quotes, just ensure you’re using apples-to-apples coverage information for every quote you compare. If you compare mixed coverages it’s not possible to truly determine the lowest rate. Quoting even small variations in coverage limits can result in a big premium difference. And when comparing insurance rates, know that comparing a large number of companies provides better odds of finding better pricing.

Factors that might impact rates for a GMC Sierra 1500

Consumers need to have an understanding of the different types of things that come into play when calculating your car insurance rates. When you know what positively or negatively determines base rates enables informed choices that can help you get much lower annual insurance costs.

  • Lower miles equals lower premium – The more you drive every year the higher your rates will be. Most insurance companies rate vehicles based on how the vehicle is used. Vehicles used primarily for pleasure use qualify for better rates than those used for commuting. Having the wrong rating on your Sierra 1500 can result in significantly higher rates. Double check that your car insurance policy is rated on the correct driver usage.
  • Your spouse saves you money – Getting married can get you a discount when buying car insurance. Having a significant other usually means you are more mature and statistics show drivers who are married are more cautious.
  • Lower rates with optional equipment – Purchasing a vehicle with an alarm system can save you a little every year. Theft prevention features like GM’s OnStar, tamper alarm systems and vehicle immobilizers all aid in stopping car theft.
  • Extra coverages can waste money – There are a lot of add-on coverages you can purchase when buying car insurance. Insurance for personal injury protection, better glass coverage and term life insurance may be wasting your money. They may seem like a good idea initially, but if they’re wasting money eliminate the coverages to reduce your premium.

Save with discounts on GMC Sierra 1500 insurance

Companies that sell car insurance don’t necessarily list every available discount very well, so we took the time to find some of the more common as well as the least known savings tricks you should be using.

  • Low Mileage Discounts – Low mileage vehicles can qualify you for a substantially lower rate.
  • 55 and Retired – If you’re over the age of 55, you can possibly qualify for a small decrease in premiums for Sierra coverage.
  • Theft Prevention Discount – Cars that have factory anti-theft systems are stolen less frequently and earn discounts up to 10%.
  • Federal Government Employee – Employees or retirees of the government can save as much as 8% for Sierra coverage depending on your company.
  • Accident Forgiveness – Certain companies allow you one accident before your rates go up if you are claim-free for a particular time prior to the accident.
  • Passive Restraint Discount – Factory air bags and/or automatic seat belt systems can receive discounts of more than 20%.
  • Discount for New Cars – Putting insurance coverage on a new car can save up to 30% due to better safety requirements for new cars.
  • Multiple Cars – Buying insurance for all your vehicles on the same auto insurance policy can get a discount on all vehicles.
  • Payment Method – By paying your policy upfront instead of monthly or quarterly installments you can actually save on your bill.
  • Claim Free – Claim-free drivers pay less when compared to drivers who are more careless.

A little note about advertised discounts, most of the big mark downs will not be given to the entire cost. Most only reduce specific coverage prices like comp or med pay. Even though it may seem like it’s possible to get free car insurance, it doesn’t quite work that way.

For a list of providers offering auto insurance discounts, click this link.

Tailor your coverage to you

When choosing the best car insurance coverage for your vehicles, there really is not a best way to insure your cars. Everyone’s situation is unique.

These are some specific questions may help highlight whether or not you might need an agent’s assistance.

  • Do I need added coverage for expensive stereo equipment?
  • Do I need to file an SR-22 for a DUI in my state?
  • Does coverage extend to a rental car in a foreign country?
  • Which companies will insure high-risk drivers?
  • What is the rate difference between pleasure use and commuting?
  • How can I force my company to pay a claim?
  • Should I have combined single limit or split liability limits?
  • Am I covered when using my vehicle for business?

If you’re not sure about those questions but a few of them apply then you might want to talk to an agent. To find lower rates from a local agent, complete this form.

Learn about car insurance coverages for a GMC Sierra 1500

Knowing the specifics of a car insurance policy can be of help when determining which coverages you need for your vehicles. The terms used in a policy can be difficult to understand and even agents have difficulty translating policy wording.

Uninsured/Underinsured Motorist coverage – Your UM/UIM coverage protects you and your vehicle’s occupants from other motorists when they do not carry enough liability coverage. Covered claims include hospital bills for your injuries as well as damage to your GMC Sierra 1500.

Because many people only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage should not be overlooked.

Collision coverages – Collision coverage will pay to fix damage to your Sierra 1500 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 sustaining damage from a pot hole, sideswiping another vehicle and hitting a mailbox. This coverage can be expensive, so analyze the benefit of dropping coverage from older vehicles. You can also raise the deductible in order to get cheaper collision rates.

Comprehensive coverage – Comprehensive insurance coverage will pay to fix damage from a wide range of events other than collision. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive coverage protects against things like falling objects, fire damage and a broken windshield. The maximum amount a car 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 consider dropping full coverage.

Auto liability – Liability coverage can cover injuries or damage you cause to a person or their property by causing an accident. It protects YOU from legal claims by others. It does not cover damage sustained by your vehicle in an accident.

Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show policy limits of 50/100/50 which stand for $50,000 bodily injury coverage, a per accident bodily injury limit of $100,000, and a limit of $50,000 paid for damaged property.

Liability coverage protects against claims such as legal defense fees, loss of income, structural damage, repair bills for other people’s vehicles and court costs. How much liability coverage do you need? That is up to you, but you should buy as much as you can afford.

Medical payments coverage and PIP – Personal Injury Protection (PIP) and medical payments coverage provide coverage for short-term medical expenses for things like ambulance fees, doctor visits, nursing services, funeral costs and prosthetic devices. They are often used to cover expenses not covered by your health insurance plan or if you lack health insurance entirely. Medical payments and PIP cover all vehicle occupants and will also cover being hit by a car walking across the street. PIP is not available in all states and gives slightly broader coverage than med pay

Make a quick buck

Throughout this article, we presented many ways to lower your 2001 GMC Sierra 1500 insurance rates. The key concept to understand is the more providers you compare, the more likely it is that you will get a better rate. You may even find the best price on insurance is with some of the lesser-known companies.

People who switch companies do it for any number of reasons including unfair underwriting practices, questionable increases in premium, an unsatisfactory settlement offer or even lack of trust in their agent. It doesn’t matter what your reason, switching insurance companies is actually quite simple.

When trying to cut insurance costs, it’s not a good idea to skimp on critical coverages to save a buck or two. There are too many instances where drivers have reduced physical damage coverage and discovered at claim time that the savings was not a smart move. Your focus should be to purchase a proper amount of coverage at the best price while still protecting your assets.

For more information, take a look at the resources below: