2008 GMC Sierra 1500 Insurance Cost – 5 Tips for Best Prices

Want the cheapest auto insurance rates for your GMC Sierra 1500? Tired of trying to scrape together enough money to buy car insurance? You are in the same boat as the majority of other car owners. Drivers have multiple car insurance companies to choose from, and although it’s nice to have a selection, lots of choices makes it harder to find the best rates for your vehicles.

Smart consumers take time to get comparison quotes before your policy renews due to the fact that insurance rates are rarely the same from one policy term to another. If you had the best price for Sierra coverage a year ago you will most likely find a better rate today. There is too much inaccurate information about auto insurance on the web, but by reading this article, you’re going to learn a lot of great tips on how to stop overpaying for insurance.

Choosing the best insurance company for you is easy if you know what you’re doing. If you currently have car insurance, you will most likely be able to cut costs considerably using these techniques. Vehicle owners only need an understanding of the most effective way to buy auto insurance over the internet.

Finding Car Insurance

Finding lower car insurance rates isn’t really that difficult. You just need to invest a few minutes comparing rates from different insurance companies. This can be done using a couple different methods.

The best way consumers can make multiple comparisons is a comparison rater form (click to open form in new window). This method prevents you from having to do separate forms for every car insurance company. Taking the time to complete one form gets you price quotes from car insurance companies with the best prices.

A more time consuming way to get comparison quotes is going to the website for each individual company and complete a new quote form. For example, let’s assume you want comparison quotes from Liberty Mutual, 21st Century and GMAC. To get rate quotes you would need to go to every website and enter your information, which is why the first method is quicker.

For a list of links to companies insuring cars in your area, click here.

The hardest way of comparing rate quotes is driving around to different agent offices. Buying insurance online has reduced the need for local agents unless you want the personal advice only provided by licensed agents. You can, however, comparison shop your insurance online and get advice from an agent in your area and we’ll touch on that later.

It’s up to you which method you use, but compare the exact same deductibles and coverage limits for every company. If you use higher or lower deductibles it’s impossible to determine the lowest rate for your GMC Sierra 1500.

Discounts are great for lower rates

Auto insurance companies don’t necessarily list every discount in an easy-to-find place, so we break down both well-publicized and the harder-to-find discounts you could be receiving. If they aren’t giving you every credit possible, you’re just leaving money on the table.

  • Drivers Ed for Students – Make teen driver coverage more affordable by requiring them to take driver’s ed class in high school.
  • Anti-theft System – Anti-theft and alarm systems help deter theft and will save you 10% or more.
  • Homeowners Savings – Owning a home may earn you a small savings because maintaining a house requires personal responsibility.
  • College Student – Kids in college living away from home attending college and do not have a car may be able to be covered for less.
  • Discount for Life Insurance – Some companies give better rates if you take out auto and life insurance together.

Consumers should know that some of the credits will not apply to the entire policy premium. Most cut the price of certain insurance coverages like medical payments or collision. So even though they make it sound like all the discounts add up to a free policy, you won’t be that lucky.

Companies that possibly offer some of the above discounts are:

It’s a good idea to ask each insurance company which discounts they offer. Discounts might not be offered everywhere.

You may need specialized coverage

When buying adequate coverage for your vehicles, there is no single plan that fits everyone. Everyone’s situation is a little different and a cookie cutter policy won’t apply. These are some specific questions may help you determine if your insurance needs might need an agent’s assistance.

  • Does my insurance cover a custom paint job?
  • Is my trailer covered?
  • Does my 2008 GMC Sierra 1500 qualify for pleasure use?
  • Exactly who is provided coverage by my policy?
  • Do I need more liability coverage?
  • Are there companies who specialize in insuring high-risk drivers?

If you can’t answer these questions then you might want to talk to a licensed agent. If you don’t have a local agent, complete this form or you can also visit this page to select a carrier It’s fast, doesn’t cost anything and may give you better protection.

Insurance coverages and their meanings

Understanding the coverages of a insurance policy can be of help when determining the right coverages and proper limits and deductibles. The coverage terms in a policy can be difficult to understand and coverage can change by endorsement. These are the normal coverages found on most insurance policies.

Coverage for liability

This coverage provides protection from injuries or damage you cause to other people or property by causing an accident. It protects YOU against claims from other people. Liability doesn’t 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. As an example, you may have values of 50/100/50 that translate to a limit of $50,000 per injured person, a limit of $100,000 in injury protection per accident, and $50,000 of coverage for damaged propery.

Liability insurance covers claims such as court costs, funeral expenses, repair bills for other people’s vehicles, attorney fees and medical services. How much liability coverage do you need? That is up to you, but it’s cheap coverage so purchase as large an amount as possible.

Comprehensive protection

This coverage will pay to fix damage OTHER than collision with another vehicle or object. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against things like a tree branch falling on your vehicle, rock chips in glass, fire damage, hitting a deer and a broken windshield. The maximum amount your insurance company will pay is the actual cash value, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.

Collision coverage protection

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 coverage protects against things like colliding with another moving vehicle, hitting a mailbox, driving through your garage door, crashing into a building and colliding with a tree. Collision is rather expensive coverage, so you might think about dropping it from vehicles that are older. Drivers also have the option to raise the deductible to get cheaper collision coverage.

Uninsured or underinsured coverage

This coverage provides protection from other motorists when they are uninsured or don’t have enough coverage. Covered losses include injuries to you and your family and damage to your 2008 GMC Sierra 1500.

Since many drivers carry very low liability coverage limits, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked.

Medical expense coverage

Coverage for medical payments and/or PIP reimburse you for short-term medical expenses for surgery, dental work and rehabilitation expenses. They can be used to cover expenses not covered by your health insurance program or if you lack health insurance entirely. Coverage applies to not only the driver but also the vehicle occupants and will also cover getting struck while a pedestrian. Personal injury protection coverage is not available in all states and may carry a deductible

More comparisons equals lower rates

We just presented many tips how you can reduce 2008 GMC Sierra 1500 insurance prices online. The key concept to understand is the more you quote, the better chance you’ll have of finding lower rates. Consumers could even find that the best prices are with the least-expected company. Smaller companies may cover specific market segments cheaper compared to the large companies like State Farm and Allstate.

Budget-conscious insurance is possible both online and with local insurance agents, and you should compare price quotes from both so you have a total pricing picture. Some insurance companies do not offer the ability to get a quote online and many times these regional insurance providers only sell through independent insurance agents.

Additional information can be found at the links below