2003 GMC Sierra 3500 Insurance Cost – 7 Discounts for Best Prices

Are you sick and tired of scraping the payment together to pay your car insurance bill each month? You are in the same boat as most other car owners.

You have so many insurance companies to buy insurance from, and though it is a good thing to have a choice, lots of choices makes it harder to compare rates and find the lowest cost car insurance.

Consumers need to take a look at other company’s rates yearly because prices are variable and change quite frequently. Just because you found the best rates on Sierra insurance on your last policy the chances are good that you can find a lower rate today. Ignore everything you know about car insurance because we’re going to demonstrate the best methods to eliminate unnecessary coverages and save money.

This information will let you in on the best way to quote coverages and some tips to save money. If you have car insurance now, you will most likely be able to lower your premiums substantially using these methods. Although car owners must understand how insurance companies determine prices and use this information to your advantage.

Save on 2003 GMC Sierra 3500 insurance

Insurance can cost an arm and a leg, but you can get discounts that can drop the cost substantially. Most are applied when you purchase, but a few must be specially asked for prior to getting the savings.

  • No Charge for an Accident – Some insurance companies permit an accident without raising rates if you are claim-free for a particular time prior to the accident.
  • New Vehicle Savings – Adding a new car to your policy can be considerably cheaper since new cars are generally safer.
  • Passive Restraints – Factory air bags or automatic seat belts can receive discounts of 20% or more.
  • No Accidents – Claim-free drivers pay less as compared to accident-prone drivers.
  • Organization Discounts – Being a member of a professional or civic organization is a good way to get lower rates when buying auto insurance on Sierra insurance.
  • Good Student – Getting good grades can earn a discount of 20% or more. The good student discount can last up to age 25.
  • Anti-theft Discount – Vehicles with anti-theft systems help deter theft and earn discounts up to 10%.

A little note about advertised discounts, most credits do not apply to your bottom line cost. Most only reduce the price of certain insurance coverages like physical damage coverage or medical payments. So despite the fact that it appears having all the discounts means you get insurance for free, auto insurance companies aren’t that generous. But any discount will bring down the cost of coverage.

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

Do drivers who switch really save?

Companies like Progressive, Allstate and Geico regularly use television and radio advertisements. All the ads make the same claim that you’ll save big if you move to their company. How can each company make the same claim?

Different companies can use profiling for the driver that makes them money. For example, a preferred risk might be over the age of 50, a clean driving record, and has a high credit rating. A customer getting a price quote who matches those parameters will get very good rates and is almost guaranteed to cut their rates substantially.

Consumers who don’t measure up to this ideal profile will be quoted higher premiums and this can result in the customer not buying. The ad wording is “customers who switch” not “everybody who quotes” save that much. That is how companies can advertise the savings.

This emphasizes why you need to quote coverage with many companies. It is impossible to predict which insurance companies will have the lowest GMC Sierra 3500 insurance rates.

Tailor your coverage to you

When it comes to buying adequate coverage for your vehicles, there isn’t really a “perfect” insurance plan. Every insured’s situation is different and your policy should reflect that. These are some specific questions may help highlight whether you would benefit from an agent’s advice.

  • Do I have newly-aquired coverage?
  • Do I pay less if my vehicle is kept in my garage?
  • Am I covered if I hit my neighbor’s mailbox?
  • What should my uninsured motorist coverage limits be in my state?
  • Am I covered when delivering products for my home-based business?
  • Is motorclub coverage worth it?
  • Is my cargo covered for damage or theft?
  • Does my insurance cover a custom paint job?
  • How high should deductibles be on a 2003 GMC Sierra 3500?
  • Can I still get insurance after a DUI?

If it’s difficult to answer those questions, then you may want to think about talking to an agent. To find an agent in your area, take a second and complete this form or click here for a list of insurance coverage companies in your area.

Auto insurance coverages 101

Having a good grasp of auto insurance aids in choosing appropriate coverage and proper limits and deductibles. Policy terminology can be difficult to understand and nobody wants to actually read their policy. Listed below are typical coverage types found on the average auto insurance policy.

Liability insurance – This will cover injuries or damage you cause to other people or property by causing an accident. This insurance protects YOU from claims by other people, and doesn’t cover your own vehicle damage or injuries.

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. As an example, you may have liability limits of 100/300/100 which stand for $100,000 in coverage for each person’s injuries, a total of $300,000 of bodily injury coverage per accident, and a total limit of $100,000 for damage to vehicles and property. Another option is one number which is a combined single limit which combines the three limits into one amount rather than limiting it on a per person basis.

Liability insurance covers claims such as loss of income, medical expenses, attorney fees and emergency aid. How much coverage you buy is a personal decision, but it’s cheap coverage so purchase as high a limit as you can afford.

Uninsured or underinsured coverage – Uninsured or Underinsured Motorist coverage protects you and your vehicle from other drivers when they either are underinsured or have no liability coverage at all. Covered losses include medical payments for you and your occupants as well as your vehicle’s damage.

Since a lot of drivers have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage should not be overlooked. Usually your uninsured/underinsured motorist coverages are identical to your policy’s liability coverage.

Medical expense coverage – Personal Injury Protection (PIP) and medical payments coverage kick in for expenses like X-ray expenses, prosthetic devices, ambulance fees and nursing services. They can be used to cover expenses not covered by your health insurance policy or if you are not covered by health insurance. They cover you and your occupants and will also cover being hit by a car walking across the street. PIP coverage is not an option in every state and may carry a deductible

Comprehensive protection – This pays for damage OTHER than collision with another vehicle or object. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive can pay for things like falling objects, damage from flooding, damage from getting keyed, hail damage and hitting a bird. The maximum amount a auto insurance company will pay at claim time is the actual cash value, so if it’s not worth much more than your deductible consider dropping full coverage.

Collision coverages – This coverage covers damage to your Sierra 3500 resulting from a collision with an object or car. You have to pay a deductible then your collision coverage will kick in.

Collision can pay for things like hitting a parking meter, hitting a mailbox, sustaining damage from a pot hole, crashing into a building and driving through your garage door. Collision is rather expensive coverage, so consider removing coverage from lower value vehicles. It’s also possible to raise the deductible to save money on collision insurance.

Do the work, save more money

Cheaper 2003 GMC Sierra 3500 insurance is available on the web and with local insurance agents, so you should be comparing quotes from both in order to have the best chance of saving money. Some insurance companies do not offer online price quotes and these small, regional companies work with independent agents.

While you’re price shopping online, never skimp on critical coverages to save a buck or two. There are too many instances where an accident victim reduced liability coverage limits only to regret that a couple dollars of savings turned into a financial nightmare. The proper strategy is to purchase plenty of coverage at the best price while not skimping on critical coverages.

Much more information about insurance coverage can be found at these links: