Compare 2003 GMC Sierra 1500 Insurance Cost

Trying to find lower insurance rates for your GMC Sierra 1500? Feel like you’re a prisoner to high-priced insurance? Believe me when I say you are not the only one feeling buyer’s remorse.

Lots of auto insurance companies contend for your hard-earned dollar, so it can be very hard to choose a provider to find the absolute lowest cost out there.

It’s a good habit to check insurance prices occasionally because rates are usually higher with each renewal. Even if you think you had the lowest rates on Sierra coverage two years ago there is a good chance you can find better rates now. Block out anything you think you know about insurance because you’re about to learn the best methods to get good coverage at a lower rate.

If you currently have car insurance, you will most likely be able to lower your premiums substantially using this information. Buying car insurance is easy if you know what you’re doing. Nevertheless, car owners benefit from understanding the way insurance companies determine prices and take advantage of how the system works.

Free Quotes for Insurance

Comparing insurance rates can take time and effort if you aren’t aware of the best way to get rate quotes. You can spend countless hours discussing policy coverages with local insurance agents in your area, or you could save time and use online quoting to maximize your effort.

Most major companies belong to an insurance system where insurance shoppers enter their coverage request one time, and at least one company can give them a price based on that data. This eliminates the need for quote forms to each individual insurance company.

To compare 2003 GMC Sierra 1500 rates now click here to start a free quote.

The one disadvantage to getting quotes like this is you cannot specify the insurers to get pricing from. So if you want to select specific providers to compare prices, we have a listing of the cheapest insurance companies in your area. Click here to view list.

However you get your quotes, be sure to compare apples-to-apples deductibles and coverage limits on every quote. If each company quotes different values for each quote it will be very difficult to determine the lowest rate for your GMC Sierra 1500. Quoting even small variations in insurance coverages can result in a big premium difference. It’s important to know that obtaining a wide range of quotes helps locate the best price.

Take discounts and save

Car insurance companies don’t always advertise every discount very clearly, so we researched both the well known and also the lesser-known discounts you could be receiving.

  • Seat Belt Usage – Using a seat belt and requiring all passengers to buckle their seat belts could save 15% off your medical payments premium.
  • Discount for Swiching Early – Some insurance companies reward drivers for signing up before your current expiration date. The savings is around 10%.
  • Homeowners Savings – Owning a house can save you money because of the fact that having a home shows financial diligence.
  • Student Driver Training – Have your child enroll in driver’s education if it’s offered in school.
  • Resident Student – Any of your kids who are attending college and do not have access to a covered vehicle can be insured at a reduced rate.
  • Service Members Pay Less – Being on active duty in the military can result in better rates.
  • Good Student Discount – This discount can earn a discount of 20% or more. This discount can apply until age 25.
  • Memberships – Participating in a qualifying organization may earn a discount on your policy on Sierra coverage.
  • Accident Forgiveness – Some insurance companies allow you one accident before raising your premiums if you are claim-free prior to the accident.

Keep in mind that some of the credits will not apply to the entire policy premium. Most only cut individual premiums such as comprehensive or collision. Just because you may think you can get free auto insurance, you’re out of luck.

Car insurance companies who might offer these discounts may include but are not limited to:

It’s a good idea to ask every prospective company how you can save money. All car insurance discounts might not be offered in every state.

Which policy gives me the best coverage?

When buying the best car insurance coverage for your personal vehicles, there is no one size fits all plan. Coverage needs to be tailored to your specific needs so this has to be addressed. For example, these questions could help you determine if your insurance needs may require specific advice.

  • Does my car insurance cover rental cars?
  • Is my state a no-fault state?
  • What if I owe more than I can insure my car for?
  • Should I carry comprehensive and collision coverage?
  • What can I do if my company denied a claim?
  • Will my vehicle be repaired with OEM or aftermarket parts?
  • Does my 2003 GMC Sierra 1500 qualify for pleasure use?
  • Does my medical payments coverage pay my health insurance deductible?
  • Does my policy cover me when driving someone else’s vehicle?
  • Is a blown tire covered by insurance?

If you don’t know the answers to these questions but you know they apply to you then you might want to talk to an agent. If you don’t have a local agent, fill out this quick form or click here for a list of car insurance companies in your area.

What determines your GMC Sierra 1500 insurance premium

An important part of buying insurance is that you know the different types of things that help determine auto insurance rates. Having a good understanding of what determines base rates empowers consumers to make smart changes that can help you get better auto insurance rates.

  • Where you live – Choosing to live in small towns and rural areas is a positive aspect when it comes to auto insurance. Drivers who live in large cities have to deal with more traffic problems and a longer drive to work. Fewer people means a lower chance of having an accident as well as less vandalism and auto theft.
  • Rates may be lower depending on your job – Did you know your job can affect your rates? Occupations like lawyers, architects and dentists have the highest average rates attributed to high stress levels and long work days. Other professions such as actors, historians and performers get better rates on Sierra coverage.
  • Your car’s features help determine rates – Driving a car with a theft deterrent system can help bring down rates. Theft prevention devices like GM’s OnStar, tamper alarm systems and vehicle immobilizers all hinder your car from being stolen.
  • Don’t cancel a policy without a new one in place – Allowing your coverage to lapse is a sure-fire way to trigger a rate increase. Not only will you pay more, failure to provide proof of insurance may earn you a revoked license or a big fine.You may then be required to file a SR-22 with your state motor vehicle department to get your license reinstated.

The car insurance bait and switch

Car insurance companies such as Allstate, Geico and Progressive regularly use ads on television and other media. They all seem to make an identical promise that you’ll save big if you move to them. How can each company claim to save you money?

Insurance companies have a preferred profile for the type of customer that earns them a profit. For instance, a desirable insured might be between the ages of 30 and 50, has no driving citations, and drives newer vehicles. Any new insured who meets those qualifications will qualify for the lowest rates and therefore will save when they switch companies.

Consumers who don’t meet the requirements will be charged more money and ends up with business not being written. Company advertisements say “people who switch” but not “drivers who get quotes” save that much money. That is how insurance companies can confidently make those claims. That is why you should get quotes from several different companies. It’s not possible to predict which car insurance company will fit your personal profile best.

Specific coverage details

Having a good grasp of your auto insurance policy can help you determine appropriate coverage and the correct deductibles and limits. Policy terminology can be ambiguous and even agents have difficulty translating policy wording. Shown next are typical coverage types found on most auto insurance policies.

Coverage for liability

This coverage protects you from damages or injuries you inflict on people or other property that is your fault. This insurance protects YOU against claims from other people, and does not provide coverage for your injuries or vehicle damage.

Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have values of 25/50/25 that means you have a $25,000 limit per person for injuries, $50,000 for the entire accident, and $25,000 of coverage for damaged propery.

Liability coverage pays for things such as medical services, medical expenses, legal defense fees, structural damage and pain and suffering. How much coverage you buy is your choice, but it’s cheap coverage so purchase higher limits if possible.

Medical expense coverage

Personal Injury Protection (PIP) and medical payments coverage reimburse you for bills for dental work, EMT expenses and X-ray expenses. They can be used in conjunction with a health insurance policy or if you do not have health coverage. Coverage applies to both the driver and occupants and also covers being hit by a car walking across the street. Personal injury protection coverage is only offered in select states and may carry a deductible

Auto collision coverage

This coverage pays for damage to your Sierra 1500 caused by collision with another car or object. You will need to pay your deductible and then insurance will cover the remainder.

Collision insurance covers things such as sideswiping another vehicle, backing into a parked car and colliding with a tree. This coverage can be expensive, so you might think about dropping it from vehicles that are 8 years or older. You can also bump up the deductible to get cheaper collision coverage.

Comprehensive protection

Comprehensive insurance covers damage from a wide range of events other than collision. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive coverage pays for claims such as rock chips in glass, hail damage and damage from a tornado or hurricane. The maximum amount you’ll receive from a claim is the cash value of the vehicle, so if the vehicle is not worth much consider removing comprehensive coverage.

Uninsured or underinsured coverage

Uninsured or Underinsured Motorist coverage gives you protection when the “other guys” are uninsured or don’t have enough coverage. Covered losses include medical payments for you and your occupants and damage to your GMC Sierra 1500.

Since many drivers only purchase the least amount of liability that is required, their limits can quickly be used up. So UM/UIM coverage is important protection for you and your family.

Spend less. Save more.

As you go through the steps to switch your coverage, make sure you don’t skimp on critical coverages to save a buck or two. In too many instances, consumers will sacrifice comprehensive coverage or liability limits only to regret they didn’t purchase enough coverage. Your strategy should be to find the BEST coverage for the lowest price, not the least amount of coverage.

We covered a lot of tips how to compare 2003 GMC Sierra 1500 insurance prices online. The most important thing to understand is the more rate quotes you have, the better your comparison will be. Consumers could even find that the biggest savings come from some of the smallest insurance companies. Some small companies may cover specific market segments cheaper than their larger competitors like Allstate or State Farm.

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