2016 GMC Sierra 1500 Insurance Cost

Searching for better insurance coverage rates for your GMC Sierra 1500? Overpriced GMC Sierra 1500 insurance can stress out your monthly budget and put the squeeze on your family’s finances. Performing a rate comparison can lower your rates and help to make sure you’re not throwing money away.

Multiple insurers compete for your insurance dollar, so it can be very hard to choose a insurance company to discover the definitive best rate

It is always a good idea to quote other rates on a regular basis since insurance prices are rarely the same from one policy term to another. Just because you found the best deal on Sierra insurance on your last policy you can probably find a lower rate today. There is a lot of bad advice regarding insurance coverage out there, but you can learn some guaranteed methods to stop overpaying for insurance.

If you have car insurance now, you will most likely be able to reduce your rates substantially using these tips. Buying car insurance is not rocket science. Nevertheless, car owners need to have an understanding of how companies sell online and take advantage of how the system works.

Verify you’re receiving every discount

Properly insuring your vehicles can get expensive, but there could be available discounts that many consumers don’t even know exist. Certain credits will be shown when you complete an application, but a few must be specifically requested in order for you to get them. If you do not double check each discount available, you’re just leaving money on the table.

  • New Car Discount – Putting coverage on a new car is cheaper because new model year vehicles are generally safer.
  • Air Bag Discount – Cars that have air bags or motorized seat belts can qualify for discounts of 20 to 30 percent.
  • Discounts for Multiple Vehicles – Insuring primary and secondary vehicles with one company may reduce the rate for each vehicle.
  • Discount for Multiple Policies – When you combine your home and auto insurance and insure them both with the same insurance company you could earn a discount of 10% to 20% off each policy.
  • Pay Now and Pay Less – If you pay your bill all at once rather than spreading payments over time you may have a lower total premium amount.
  • Discounts for Government Workers – Being employed by or retired from a federal job may reduce rates when you quote auto insurance on Sierra insurance with certain companies.
  • Paperless Signup – Certain car insurance companies will give you a small discount shop auto insurance on your computer.
  • Discount for Home Ownership – Owning your own home or condo can save a few bucks since owning and maintaining a home means you have a higher level of financial diligence.
  • Drive Safe and Save – Accident-free drivers can get discounts for up to 45% lower rates on Sierra insurance than less cautious drivers.

As a sidenote, most discount credits are not given the the whole policy. The majority will only reduce the cost of specific coverages such as comp or med pay. Just because you may think you can get free auto insurance, car insurance companies aren’t that generous.

A list of car insurance companies and their possible discounts are:

  • Progressive offers discounts for multi-vehicle, good student, online signing, homeowner, continuous coverage, and online quote discount.
  • SAFECO offers premium reductions for drive less, bundle discounts, teen safety rewards, anti-lock brakes, safe driver, and accident prevention training.
  • American Family policyholders can earn discounts including mySafetyValet, good driver, air bags, TimeAway discount, good student, and multi-vehicle.
  • MetLife has discounts for accident-free, defensive driver, claim-free, good student, multi-policy, and good driver.
  • Geico includes discounts for military active duty, daytime running lights, good student, five-year accident-free, and federal employee.
  • The Hartford discounts include defensive driver, vehicle fuel type, anti-theft, driver training, air bag, bundle, and good student.

If you want affordable auto insurance quotes, ask all the companies which credits you are entitled to. A few discounts may not apply to policyholders everywhere. To find insurers who offer car insurance discounts, click here.

The quickest method we recommend to compare rate quotes is to understand most larger insurance companies will pay a fee to quote your coverage. To begin a comparison, all you need to do is give them some information such as what your job is, if the car is leased, if it has an anti-theft system, and your education level. Your details is then sent to multiple companies and you receive quotes with very little delay.

Find cheaper insurance with these tips

When buying insurance it’s important to understand the different types of things that go into determining the level of your policy premiums. If you understand what determines base rates, this helps enable you to make changes that may result in lower insurance prices.

Shown below are a partial list of the pieces used by insurance companies to determine your premiums.

  • Use credit responsibly and save – An insured’s credit score factor in your rate calculation. Drivers with very high credit ratings tend to be more responsible than drivers with bad credit. So if your credit score could use some work, you could save money insuring your 2016 GMC Sierra 1500 by spending a little time repairing your credit.
  • Raise your physical damage deductibles for better rates – Coverage for physical damage, also called ‘full coverage’, covers your vehicle from damage. Examples of covered claims would be a windshield shattered by a rock, hail damage, and damage from a fallen tree branch. The deductibles define the amount you are required to pay if the claim is covered. The more money you pay before a claim is paid (deductible), the less money you will pay for insurance on Sierra insurance.
  • Stay claim-free and reduce insurance rates – Companies give most affordable rates to people who are claim-free. If you’re an insured who likes to file claims you can pretty much guarantee much higher rates or policy non-renewal. Your car insurance is intended for major claims that would cause financial hardship.
  • Youthful vs. mature drivers – More experienced drivers are more cautious drivers, are lower risk to insure and are safer drivers.Beginning drivers are known to be easily distracted with other occupants in the car therefore insurance rates are much higher.

When should I discuss my situation with an agent?

When it comes to buying proper insurance coverage for your vehicles, there really is no one size fits all plan. Every insured’s situation is different so your insurance needs to address that. These are some specific questions might help in determining whether you will benefit from professional help.

  • If I drive on a suspended license am I covered?
  • Does my insurance cover my expensive audio equipment?
  • Am I covered if I wreck a rental car?
  • Is my vehicle covered by my employer’s policy when using it for work?
  • Are my friends covered when driving my car?
  • Will my rates increase for filing one claim?
  • What are the financial responsibility laws in my state?
  • Is my ex-spouse still covered by my policy?

If you don’t know the answers to these questions but a few of them apply, you might consider talking to an insurance agent. To find an agent in your area, fill out this quick form or go to this page to view a list of companies.

Can you really save if you switch?

Companies like Allstate, Geico and Progressive continually stream ads on television and other media. They all say the same thing that people will save if you just switch your coverage. How does every company sell you cheaper insurance coverage? This is how they do it.

All companies have underwriting criteria for the driver that will most likely be profitable. An example of a profitable insured might have to be over the age of 45, has no driving citations, and drives less than 5,000 miles a year. A driver who meets those qualifications will probably get cheap prices and have a good chance to save some money.

Potential insureds who don’t qualify for the ideal profile will get a more expensive rate and this can result in the customer not purchasing. Company advertisements say “people who switch” but not “all drivers who get quotes” save that much money. That is how companies can truthfully claim big savings. Because of these techniques, drivers should get auto insurance quotes as often as possible. Because you cannot predict which company will have the lowest auto insurance rates for your situation.

Auto insurance policy coverages for a 2016 GMC Sierra 1500

Knowing the specifics of your auto insurance policy helps when choosing the right coverages at the best deductibles and correct limits. The terms used in a policy can be difficult to understand and coverage can change by endorsement. Below you’ll find the normal coverages offered by auto insurance companies.

Medical expense coverage – Medical payments and Personal Injury Protection insurance kick in for expenses for things like pain medications, surgery, rehabilitation expenses and funeral costs. They can be utilized in addition to your health insurance plan or if you do not have health coverage. They cover all vehicle occupants in addition to any family member struck as a pedestrian. PIP is not available in all states and gives slightly broader coverage than med pay

Uninsured or underinsured coverage – This coverage gives you protection from other motorists when they either are underinsured or have no liability coverage at all. Covered claims include hospital bills for your injuries and damage to your GMC Sierra 1500.

Due to the fact that many drivers only carry the minimum required liability limits, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea.

Comprehensive protection – Comprehensive insurance coverage pays for damage caused by mother nature, theft, vandalism and other events. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers things like fire damage, damage from a tornado or hurricane, vandalism and hitting a deer. The maximum amount you’ll receive from a claim is the actual cash value, so if it’s not worth much more than your deductible consider dropping full coverage.

Auto liability – Liability insurance can cover injuries or damage you cause to a person or their property. It protects YOU from claims by other people, and doesn’t cover your injuries or vehicle damage.

Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see limits of 50/100/50 that translate to $50,000 in coverage for each person’s injuries, $100,000 for the entire accident, and a limit of $50,000 paid for damaged property.

Liability insurance covers things such as legal defense fees, court costs, pain and suffering and funeral expenses. How much coverage you buy is your choice, but you should buy as large an amount as possible.

Collision coverage – This will pay to fix damage to your Sierra 1500 from colliding with another vehicle or an object, but not an animal. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision coverage protects against things like crashing into a building, backing into a parked car, rolling your car, sustaining damage from a pot hole and colliding with another moving vehicle. This coverage can be expensive, so consider removing coverage from older vehicles. You can also raise the deductible in order to get cheaper collision rates.

More quotes mean more savings

As you go through the steps to switch your coverage, do not reduce needed coverages to save money. There have been many cases where consumers will sacrifice liability coverage limits only to discover later that their decision to reduce coverage ended up costing them more. The ultimate goal is to purchase a proper amount of coverage at the best cost, but do not sacrifice coverage to save money.

In this article, we presented many tips how you can get a better price on 2016 GMC Sierra 1500 insurance. The key thing to remember is the more providers you compare, the higher your chance of finding affordable auto insurance. Drivers may discover the lowest priced insurance coverage comes from some of the smallest insurance companies. Regional companies often have lower premium rates on specific markets than their larger competitors like State Farm, Geico and Nationwide.

Even more information is available at these sites: