Save on 2006 GMC Sierra 3500 Insurance Cost

Having to pay for overpriced GMC Sierra 3500 insurance can dwindle your bank account and put a big crunch on your finances. Comparison shopping is a smart way to make sure you’re not throwing money away.

Because there are so many car insurance companies to choose from, it’s nearly impossible to choose the best car insurance company.

It’s important to do rate comparisons on a regular basis since rates are rarely the same from one policy term to another. Just because you found the best price for Sierra coverage six months ago a different company probably has better rates today. You can find a lot of misleading information regarding car insurance on the web, but I’m going to show you some of the best ways to save money.

Don’t miss these discounts

Car insurance is not cheap, but companies offer discounts that can drop the cost substantially. Most are applied when you complete an application, but some must be asked about prior to getting the savings.

  • New Vehicle Savings – Insuring a new car can save up to 30% since new cars are generally safer.
  • One Accident Forgiven – Certain companies will forgive one accident before hitting you with a surcharge if your claims history is clear for a certain period of time.
  • Student in College – Youth drivers who are attending college without a vehicle on campus may qualify for this discount.
  • Homeowners Discount – Owning a house can help you save on insurance because owning a home requires personal responsibility.
  • Senior Discount – If you’re over the age of 55, you can possibly qualify for better insurance rates for Sierra coverage.
  • Sign Online – Some insurance companies will give a small break simply for signing on their website.
  • Good Students Pay Less – Performing well in school can get you a discount of up to 25%. This discount can apply up to age 25.
  • Early Switch Discount – Select companies give a discount for switching policies before your current policy expires. It’s a savings of about 10%.
  • Multiple Policy Discount – When you have multiple policies with the same company you may save up to 20% off your total premium.

Consumers should know that some of the credits will not apply to the entire cost. Some only apply to the cost of specific coverages such as collision or personal injury protection. So despite the fact that it appears you could get a free insurance policy, companies wouldn’t make money that way. But any discount will cut the cost of coverage.

To see a list of providers with the best insurance discounts, click here.

How to Compare Auto Insurance

There are multiple methods to shop for 2006 GMC Sierra 3500 auto insurance, but some are less time-consuming than others. You can spend countless hours discussing policy coverages with insurance agencies in your area, or you could save time and use the internet to get rates in a matter of minutes.

Many popular insurance companies belong to an insurance system where insurance shoppers send in one quote, and every company returns a competitive quote. This saves time by eliminating repetitive form submissions to each individual auto insurance company.

To find out how much you can save on auto insurance click here to start a free quote.

The only drawback to doing it this way is you cannot specify the companies to get quotes from. If you would rather choose specific providers to compare rates, we put together a list of the cheapest auto insurance companies in your area. Click here for list of insurance companies.

It’s up to you how you get prices quotes, just compare apples-to-apples coverages and limits for every company. If the quotes have different values for each quote then you won’t be able to determine the lowest rate for your GMC Sierra 3500. Having just a slight variation in coverages can make a big difference in price. And when comparison shopping, comparing a large number of companies helps you find the best price.

GMC Sierra 3500 premiums are determined by many factors

It’s important that you understand the rating factors that come into play when calculating your insurance coverage rates. When you know what positively or negatively impacts premium levels allows you to make educated decisions that will entitle you to big savings.

The list below includes a partial list of the pieces companies use to determine prices.

  • Clean credit earns discounts – Your credit rating is a huge factor in determining what you pay for insurance coverage. Drivers who have high credit scores tend to be better drivers and file fewer claims than drivers who have lower credit scores. So if your credit history can use some improvement, you could be paying less to insure your 2006 GMC Sierra 3500 by improving your rating.
  • Where you live is a factor – Residing in less populated areas is a positive aspect when it comes to insurance coverage. Urban drivers have to deal with more traffic problems and a longer drive to work. Less people living in that area means fewer accidents and also fewer theft and vandalism claims.
  • Rate your vehicle for proper use – The more miles you rack up on your GMC each year the more you’ll pay to insure your vehicle. Most companies price each vehicle’s coverage based upon how you use the vehicle. Autos not used for work or commuting can get a lower rate as compared to vehicles used primarily for driving to work. Ask your agent if your insurance coverage policy shows how each vehicle is driven, because it can save money. Incorrect usage on your Sierra 3500 may be wasting your money.
  • Extra coverages can waste money – There are quite a few extra bells and whistles that you can buy on your 2006 Sierra 3500 policy. Coverages for vanishing deductibles, towing coverage and membership fees may be wasting your money. These may sound like a good investment initially, but your needs may have changed so eliminate them to save money.
  • Traffic violations increase rates – Drivers who don’t get tickets have lower premiums compared to drivers with tickets. Even one speeding ticket can bump up the cost twenty percent or more. If you have flagrant violations like DUI or reckless driving may find they need to file a proof of financial responsibility form (SR-22) with their state motor vehicle department in order to keep their license.
  • Your stress level may be raising your rates – Did you know your insurance coverage rates can be affected by your occupation? Occupations like real estate brokers, executives and financial analysts tend to pay higher average rates because of job stress and lengthy work days. Conversely, occupations like pilots, engineers and performers have the lowest average rates for Sierra coverage.
  • How many coverages with the same company – Most companies will award you with lower prices to customers who carry more than one policy in the form of a multi-policy discount. Even with this discount, you may still want to compare rates to verify if the discount is saving money. You may still be able to find better rates by splitting coverages up.
  • Better crash test results mean better rates – Vehicles with good safety scores are cheaper to insure. The safest vehicles have better occupant injury protection and lower injury rates translates into savings for insurance companies passed on to you as lower rates. If your GMC Sierra 3500 has ratings of a minimum four stars on Safercar.gov or an “acceptable” rating on iihs.org you may qualify for a discount.

When might I need help?

When buying proper insurance coverage for your vehicles, there is no “perfect” insurance plan. Every insured’s situation is different so your insurance needs to address that. These are some specific questions could help you determine if your insurance needs could use an agent’s help.

  • Does having multiple vehicles earn me a discount?
  • Which is better, split liability limits or combined limits?
  • Should I put collision coverage on all my vehicles?
  • Do I need medical payments coverage since I have good health insurance?
  • Am I covered when renting a car or should I buy coverage from the car rental agency?
  • Can I rent a car in Mexico?

If you can’t answer these questions, then you may want to think about talking to a licensed agent. If you want to speak to an agent in your area, complete this form or you can also visit this page to select a carrier

Educate yourself about auto insurance coverages

Having a good grasp of your policy helps when choosing the right coverages at the best deductibles and correct limits. Auto insurance terms can be ambiguous and even agents have difficulty translating policy wording. Shown next are typical coverage types found on most auto insurance policies.

Uninsured or underinsured coverage – This coverage gives you protection from other motorists when they either have no liability insurance or not enough. Covered losses include hospital bills for your injuries and also any damage incurred to your 2006 GMC Sierra 3500.

Since a lot of drivers only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage is very important. Normally these coverages do not exceed the liability coverage limits.

Collision coverages – This coverage covers damage to your Sierra 3500 resulting from colliding with an object or car. A deductible applies then the remaining damage will be paid by your insurance company.

Collision coverage protects against claims like hitting a parking meter, damaging your car on a curb, driving through your garage door, colliding with a tree and scraping a guard rail. Paying for collision coverage can be pricey, so consider dropping it from vehicles that are older. Drivers also have the option to increase the deductible to bring the cost down.

Comprehensive protection – This pays to fix your vehicle from damage that is not covered by collision coverage. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive coverage protects against claims like vandalism, a tree branch falling on your vehicle, hitting a deer and rock chips in glass. The most you’ll receive from a claim is the actual cash value, so if the vehicle’s value is low consider removing comprehensive coverage.

Liability insurance – Liability insurance protects you from injuries or damage you cause to people or other property that is your fault. This coverage protects you from claims by other people. It does not cover your own vehicle damage or injuries.

Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see limits of 100/300/100 that translate to $100,000 bodily injury coverage, $300,000 for the entire accident, and property damage coverage for $100,000. Occasionally you may see one limit called combined single limit (CSL) which combines the three limits into one amount rather than limiting it on a per person basis.

Liability coverage pays for claims such as bail bonds, repair bills for other people’s vehicles, pain and suffering, repair costs for stationary objects and medical expenses. How much liability should you purchase? That is a personal decision, but consider buying as much as you can afford.

Medical expense coverage – Med pay and PIP coverage provide coverage for immediate expenses like dental work, X-ray expenses and funeral costs. The coverages can be used in conjunction with a health insurance policy or if you lack health insurance entirely. They cover you and your occupants and also covers if you are hit as a while walking down the street. PIP is not universally available but can be used in place of medical payments coverage

Power to the consumer

As you prepare to switch companies, it’s a bad idea to buy lower coverage limits just to save a few bucks. There are many occasions where someone dropped full coverage only to regret that the small savings ended up costing them much more. The proper strategy is to buy enough coverage at a price you can afford while still protecting your assets.

We just presented a lot of tips how to save on 2006 GMC Sierra 3500 insurance. The key thing to remember is the more companies you get rates for, the better chance you’ll have of finding lower rates. You may even discover the lowest rates come from a smaller regional carrier. Some small companies often have lower prices on specific markets compared to the large companies like Geico and State Farm.

Budget-conscious insurance can be purchased on the web and also from your neighborhood agents, and you should compare price quotes from both so you have a total pricing picture. A few companies may not provide online quoting and these smaller companies work with independent agents.

More detailed insurance coverage information can be found at these sites: