How Much Does 2007 GMC Sierra 1500 Car Insurance Cost?

Feel like you’re a prisoner to an overpriced car insurance policy? Believe me when I say many consumers are feeling buyer’s remorse and feel like there’s no way out. Numerous insurers battle for your hard-earned dollar, and it can be difficult to compare rates and uncover the absolute best rate

Don’t overlook these discounts

Car insurance can cost a lot, but there could be available discounts to help bring down the price. Most are applied at the time you complete a quote, but some must be specially asked for before you will receive the discount. If they aren’t giving you every credit you deserve, you are throwing money away.

  • Multiple Policy Discount – When you combine your home and auto insurance with one company you could get a discount of at least 10% off all policies.
  • Use Seat Belts – Drivers who require all occupants to buckle their seat belts could cut 10% or more off the personal injury premium cost.
  • Lower Rates for Military – Having a deployed family member can result in better rates.
  • Discount for New Cars – Putting insurance coverage on a new car can be considerably cheaper since new cars are generally safer.
  • Passive Restraint Discount – Cars that have air bags and/or automatic seat belt systems can receive discounts of more than 20%.
  • Clubs and Organizations – Affiliation with certain professional organizations may earn a discount on your policy on Sierra coverage.

As a disclaimer on discounts, most credits do not apply the the whole policy. Most cut the cost of specific coverages such as comp or med pay. Just because you may think all those discounts means the company will pay you, companies don’t profit that way. Any amount of discount will cut the cost of coverage.

Companies that may have these money-saving discounts may include but are not limited to:

Before buying, ask each company which discounts you may be entitled to. Discounts might not be offered in your area.

GMC Sierra 1500 rates influenced by many factors

Smart consumers have a good feel for the factors that help determine insurance rates. When you know what positively or negatively controls the rates you pay allows you to make educated decisions that could result in better insurance rates.

The following are a few of the “ingredients” companies use to determine premiums.

  • Consolidate policies to earn discounts – Most insurance companies will give a discount to customers who have multiple policies with them such as combining an auto and homeowners policy. This can amount to 10 percent or more. Even if you’re getting this discount you still need to comparison shop to ensure the best deal.
  • Safer cars cost less to insure – Vehicles with high crash test scores can get you lower premiums. These vehicles result in less severe injuries and any reduction in injury severity translates into savings for insurance companies passed on to you as lower rates. If your GMC has ratings of a minimum four stars on Safercar.gov or an “acceptable” rating on iihs.org it is probably cheaper to insure.
  • High deductibles save money – Physical damage insurance, also known as collision and other-than-collision, is used to repair damage to your GMC. Some instances where coverage would apply are colliding with a building, collision with an animal, or theft. Deductibles for physical damage are how much you are willing to pay before a claim is paid by your company. The more expense you are required to pay out-of-pocket, the lower your rates will be on Sierra coverage.
  • Pleasure use saves money – The more you drive each year the higher your rate. The majority of insurers charge to insure your cars based upon how you use the vehicle. Cars and trucks left parked in the garage get more affordable rates as compared to vehicles used primarily for driving to work. Make sure your insurance policy is showing the correct driver usage. If your policy improperly rates your Sierra 1500 may be costing you.
  • Where you reside plays a part – Choosing to live in a small town can be a good thing when buying insurance. Less people living in that area means reduced accidents as well as less vandalism and auto theft. Drivers in populated areas tend to have much more traffic to deal with and a longer drive to work. Longer commute distances translates into higher accident risk.
  • Marriage brings a discount – Having a spouse can get you a discount on your policy. It usually means you are more responsible and statistics show drivers who are married are more cautious.

Is my situation unique?

When it comes to choosing adequate coverage, there really is not a best way to insure your cars. Everyone’s needs are different so your insurance needs to address that. For instance, these questions might point out whether or not you may require specific advice.

  • Exactly who is provided coverage by my policy?
  • Does having multiple vehicles earn me a discount?
  • Should I buy additional glass protection?
  • Do all my vehicles need collision coverage?
  • Should I buy only the required minimum liability coverage?
  • Am I covered when driving someone else’s vehicle?
  • How can I force my company to pay a claim?
  • How can I get my company to pay me more for my totalled car?
  • Is my business laptop covered if it gets stolen from my vehicle?

If you can’t answer these questions but a few of them apply then you might want to talk to an agent. If you want to speak to an agent in your area, simply complete this short form or click here for a list of insurance coverage companies in your area. It only takes a few minutes and you can get the answers you need.

Save $478 a year. For real?

Drivers constantly see and hear ads for car insurance savings from the likes of State Farm, Geico and Progressive. All the companies say the same thing that you can save if you switch your coverage to them.

How can each company say the same thing?

Different companies have a certain “appetite” for the driver they prefer to insure. A good example of a driver they prefer might be profiled as between the ages of 40 and 55, insures multiple vehicles, and chooses high deductibles. Any new insured who fits that profile will get very good rates and is almost guaranteed to save a lot of money.

Potential customers who are not a match for this ideal profile must pay a more expensive rate and this can result in business not being written. Company advertisements say “customers who switch” not “people who quote” save money. This is how companies can make those claims.

This illustrates why drivers must get a wide range of price quotes. Because you never know which company will have the lowest GMC Sierra 1500 insurance rates.

Specifics of your car insurance policy

Having a good grasp of car insurance can help you determine the right coverages and the correct deductibles and limits. Car insurance terms can be difficult to understand and reading a policy is terribly boring. Below you’ll find typical coverage types available from car insurance companies.

Uninsured Motorist or Underinsured Motorist insurance

Uninsured or Underinsured Motorist coverage gives you protection from other drivers when they either are underinsured or have no liability coverage at all. It can pay for injuries to you and your family as well as your vehicle’s damage.

Since many drivers only purchase the least amount of liability that is required, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family. Usually these coverages are identical to your policy’s liability coverage.

Comprehensive coverage (or Other than Collision)

Comprehensive insurance pays for damage that is not covered by collision coverage. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive coverage pays for things such as damage from getting keyed, fire damage, hail damage, damage from flooding and vandalism. The maximum payout a car insurance company will pay at claim time is the actual cash value, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.

Liability coverages

Liability coverage protects you from damage or injury you incur to a person or their property by causing an accident. It protects you from claims by other people. Liability 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 policy limits of 100/300/100 that translate to a limit of $100,000 per injured person, $300,000 for the entire accident, and a limit of $100,000 paid for damaged property. Alternatively, you may have one limit called combined single limit (CSL) that pays claims from the same limit rather than limiting it on a per person basis.

Liability can pay for claims like structural damage, bail bonds and court costs. The amount of liability coverage you purchase is a personal decision, but it’s cheap coverage so purchase as large an amount as possible.

Insurance for medical payments

Med pay and PIP coverage reimburse you for expenses like chiropractic care, X-ray expenses and dental work. They are often used in conjunction with a health insurance program or if you lack health insurance entirely. They cover you and your occupants as well as if you are hit as a while walking down the street. Personal injury protection coverage is not an option in every state and gives slightly broader coverage than med pay

Collision protection

Collision insurance pays to fix your vehicle from damage resulting from colliding with a stationary object or other vehicle. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision insurance covers things like hitting a mailbox, crashing into a building, sustaining damage from a pot hole and colliding with another moving vehicle. Collision is rather expensive coverage, so consider dropping it from vehicles that are older. You can also increase the deductible to bring the cost down.

Never pay more for less

We just presented some good ideas how you can reduce 2007 GMC Sierra 1500 insurance prices online. The key concept to understand is the more rate comparisons you have, the better likelihood of reducing your rate. Consumers may even find the best prices are with a lesser-known regional company. Smaller companies often have lower prices on specific markets than the large multi-state companies such as Allstate, Geico and Progressive.

When buying insurance coverage, it’s very important that you do not skimp on critical coverages to save a buck or two. In many cases, drivers have reduced full coverage and found out when filing a claim that they should have had better coverage. Your aim should be to buy a smart amount of coverage at the best price, not the least amount of coverage.

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