Are you tired of trying to scrape together enough money to pay your car insurance bill each month? You are in the same boat as many other consumers.
Because you have many choices of insurance companies, it can be diffult for consumers to locate the most cost effective car insurance company.
You should make it a habit to check insurance prices at least once a year since rates go up and down regularly. Just because you found the lowest rates for SierraHD insurance a couple years back you can probably find a better price now. Ignore everything you know about insurance because I’m going to let you in on the secrets to the easiest way to properly buy coverages while reducing your premium.
Car insurance can cost a lot, but discounts can save money and there are some available to help bring down the price. A few discounts will automatically apply at the time you complete a quote, but some may not be applied and must be manually applied before you will receive the discount.
It’s important to understand that most credits do not apply to all coverage premiums. Some only reduce specific coverage prices like comprehensive or collision. So even though it sounds like adding up those discounts means a free policy, it doesn’t quite work that way. Any qualifying discounts will cut the amount you have to pay.
For a list of companies with discount insurance coverage rates, click here.
When buying coverage, there is no “best” method to buy coverage. Everyone’s needs are different so this has to be addressed. Here are some questions about coverages that might help in determining if you may require specific advice.
If you don’t know the answers to these questions but you know they apply to you then you might want to talk to an insurance agent. To find lower rates from a local agent, take a second and complete this form or go to this page to view a list of companies.
Allstate and Progressive continually stream ads on television and other media. All the companies make an identical promise of big savings after switching your policy. How does each company make almost identical claims?
Insurance companies have a certain “appetite” for the right customer they prefer to insure. For instance, a driver they prefer could possibly be between 30 and 50, has no driving citations, and chooses high deductibles. A driver that hits that “sweet spot” will get the preferred rates and most likely will pay quite a bit less when switching companies.
Potential customers who don’t meet the “perfect” profile must pay higher premiums which leads to business not being written. The ad wording is “customers who switch” not “everybody who quotes” save that kind of money. This is how insurance companies can confidently claim big savings.
This illustrates why drivers must get quotes from several different companies. It is impossible to predict the company that will have the lowest GMC Sierra 2500HD insurance rates.
Understanding the coverages of your policy aids in choosing appropriate coverage and proper limits and deductibles. Auto insurance terms can be ambiguous and nobody wants to actually read their policy. Listed below are the normal coverages found on most auto insurance policies.
Medical payments and PIP coverage – Medical payments and Personal Injury Protection insurance provide coverage for immediate expenses for things like nursing services, funeral costs and hospital visits. They are used in conjunction with a health insurance plan or if you lack health insurance entirely. Medical payments and PIP cover not only the driver but also the vehicle occupants as well as any family member struck as a pedestrian. PIP is not universally available but it provides additional coverages not offered by medical payments coverage
UM/UIM (Uninsured/Underinsured Motorist) coverage – This protects you and your vehicle when other motorists are uninsured or don’t have enough coverage. Covered losses include hospital bills for your injuries and damage to your GMC Sierra 2500HD.
Since many drivers have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage should not be overlooked. Frequently your uninsured/underinsured motorist coverages are similar to your liability insurance amounts.
Liability coverage – Liability insurance provides protection from damages or injuries you inflict on people or other property by causing an accident. It protects YOU against claims from 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 limits of 50/100/50 that means you have a limit of $50,000 per injured person, a limit of $100,000 in injury protection per accident, and property damage coverage for $50,000. Some companies may use a combined single limit or CSL which limits claims to one amount with no separate limits for injury or property damage.
Liability coverage pays for things such as structural damage, court costs and attorney fees. How much liability coverage do you need? That is a personal decision, but it’s cheap coverage so purchase as large an amount as possible.
Comprehensive auto coverage – Comprehensive insurance pays to fix your vehicle from damage from a wide range of events other than collision. You first must pay your deductible then your comprehensive coverage will pay.
Comprehensive can pay for claims such as theft, a broken windshield and damage from a tornado or hurricane. The highest amount your auto insurance company will pay is the ACV or actual cash value, so if the vehicle is not worth much consider removing comprehensive coverage.
Collision – This coverage pays for damage to your Sierra 2500HD from colliding with another car or object. You first must pay a deductible and then insurance will cover the remainder.
Collision coverage pays for things such as hitting a parking meter, scraping a guard rail, crashing into a building, crashing into a ditch and colliding with another moving vehicle. This coverage can be expensive, so consider removing coverage from vehicles that are 8 years or older. Another option is to choose a higher deductible to save money on collision insurance.
You just read some good ideas how you can lower your 2015 GMC Sierra 2500HD insurance rates. The key concept to understand is the more rate quotes you have, the higher your chance of finding lower rates. You may even discover the lowest priced car insurance comes from a small local company. Some small companies can often insure niche markets at a lower cost as compared to the big name companies such as Allstate and Progressive.
Cheap insurance can be sourced both online and with local insurance agents, so you should be comparing quotes from both to have the best chance of lowering rates. Some insurance companies do not offer you the ability to get quotes online and most of the time these regional insurance providers sell through independent agents.
Additional information can be found at the links below