How Much Does 1994 GMC Sierra 1500 Car Insurance Cost?

Want cheaper insurance coverage rates for your GMC Sierra 1500? If you are a novice to online insurance coverage shopping, it’s easy to get confused by the vast number of companies vying for business.

Finding the cheapest coverage is easy if you know what you’re doing. Essentially every driver who carries insurance coverage most likely will be able to lower their premiums. Although car owners must comprehend the way companies sell insurance online and apply this information to your search.

Factors determining your GMC Sierra 1500 insurance premium

Consumers need to have an understanding of the different types of things that help determine auto insurance rates. Having a good understanding of what influences your rates helps enable you to make changes that can help you get better auto insurance rates.

  • Having a spouse can save you money – Being married can get you a discount on your auto insurance policy. Having a spouse means you’re more mature and responsible and it’s proven that married couples file fewer claims.
  • Lower rates with optional equipment – Choosing a vehicle with anti-theft technology or alarm system can help lower your rates. Anti-theft features like LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system can thwart your vehicle from being stolen.
  • Don’t buy coverages you don’t need – There are a lot of additional coverages that you can buy if you aren’t careful. Coverages for rental car reimbursement, towing coverage and motor club memberships may be costing you every month. They may seem like a good idea at first, but if you don’t need them eliminate them to save money.
  • Men pay higher rates – Statistics demonstrate women tend to be less risk to insure than men. However, this does not mean women are better drivers. Men and women tend to get into accidents at about the same rate, but the males have costlier accidents. They also have more aggressive citations such as reckless driving. Male drivers age 16 to 19 are several times more likely to be in an accident and are penalized with high auto insurance rates.

Which Insurance Coverage is Cheapest?

To find the best insurance coverage prices, there are several ways of comparing rates from local insurance coverage companies. The quickest method to compare 1994 GMC Sierra 1500 insurance prices consists of shopping online. It is quite easy and can be accomplished in several different ways.

The first (and easiest) way consumers can analyze rates is an all-inclusive rate comparison click to view form in new window. This easy form eliminates the need for separate forms to each individual insurance coverage company. One quote request gets rate comparisons from insurance coverage companies with the best prices. This is by far the quickest method.

Another way to compare prices is to manually visit each company website and request a quote. For instance, let’s assume you want rates from Progressive, Safeco and Allstate. To get rate quotes you would need to take the time to go to each site to enter your coverage information, which is why the first method is more popular. For a list of links to companies insuring cars in your area, click here.

Whichever way you use, make sure you use exactly the same quote information for every company. If you enter different liability limits you can’t possibly decipher which rate is best. Quoting even small variations in limits can result in a big premium difference. Just remember that having more price comparisons will improve the odds of getting the best price.

These discounts can slash insurance rates

The price of auto insurance can be rather high, buy you may qualify for discounts that you may not even be aware of. Certain discounts will be triggered automatically at the time of quoting, but a few need to be manually applied before being credited.

  • Memberships – Affiliation with a professional or civic organization could qualify you for a break on your policy for Sierra coverage.
  • Discount for New Cars – Buying coverage on a new vehicle can be considerably cheaper because new vehicles have to meet stringent safety requirements.
  • Discount for Good Grades – This discount can earn a discount of 20% or more. The discount lasts well after school through age 25.
  • Defensive Driver – Taking part in a defensive driving course could cut 5% off your bill if you qualify.
  • Early Signing – A few companies offer discounts for switching to them before your current policy expires. This can save 10% or more.

Drivers should understand that most discount credits are not given to the entire policy premium. Most cut specific coverage prices like comp or med pay. So even though it sounds like adding up those discounts means a free policy, you won’t be that lucky. But all discounts will reduce your premiums.

For a list of providers who offer insurance discounts, click this link.

When might I need the advice of an agent?

When choosing proper insurance coverage for your personal vehicles, there really is no cookie cutter policy. Everyone’s situation is unique.

For example, these questions might help in determining if your insurance needs would benefit from professional advice.

  • Why am I required to buy high-risk coverage?
  • Can I afford to buy a different vehicle if my 1994 GMC Sierra 1500 is totaled?
  • Is my babysitter covered when using my vehicle?
  • What exactly is covered by my policy?
  • What is the ISO rating for a 1994 GMC Sierra 1500?
  • Where can I get insurance after a DUI in my state?

If you can’t answer these questions but you think they might apply to your situation then you might want to talk to a licensed insurance agent. If you don’t have a local agent, complete this form.

Specific coverage details

Having a good grasp of car insurance aids in choosing appropriate coverage for your vehicles. Car insurance terms can be impossible to understand and nobody wants to actually read their policy.

Collision coverage

This coverage pays for damage to your Sierra 1500 resulting from colliding with another car or object. You first must pay a deductible and the rest of the damage will be paid by collision coverage.

Collision can pay for things like colliding with another moving vehicle, scraping a guard rail and driving through your garage door. Collision is rather expensive coverage, so you might think about dropping it from older vehicles. It’s also possible to choose a higher deductible to get cheaper collision coverage.

Coverage for medical payments

Coverage for medical payments and/or PIP kick in for bills like EMT expenses, ambulance fees, nursing services, chiropractic care and funeral costs. They can be used to cover expenses not covered by your health insurance program or if you do not have health coverage. They cover both the driver and occupants as well as getting struck while a pedestrian. PIP coverage is only offered in select states and may carry a deductible

Comprehensive coverages

This covers 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 can pay for claims like fire damage, hail damage, rock chips in glass and falling objects. The highest amount you’ll receive from a claim is the ACV or actual cash value, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.

Uninsured and underinsured coverage

This gives you protection from other drivers when they either have no liability insurance or not enough. Covered losses include injuries sustained by your vehicle’s occupants and also any damage incurred to your 1994 GMC Sierra 1500.

Since many drivers only purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is important protection for you and your family. Frequently these coverages do not exceed the liability coverage limits.

Liability

Liability insurance can cover damages or injuries you inflict on other people or property by causing an accident. This coverage protects you against other people’s claims, and does not provide coverage for 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 which stand for a $50,000 limit per person for injuries, a per accident bodily injury limit of $100,000, and property damage coverage for $50,000. Occasionally you may see a combined limit which limits claims to one amount and claims can be made without the split limit restrictions.

Liability coverage protects against things such as loss of income, repair costs for stationary objects, medical expenses and attorney fees. How much liability should you purchase? That is a personal decision, but it’s cheap coverage so purchase higher limits if possible.

Cheaper insurance is a realistic goal

People switch companies for any number of reasons including not issuing a premium refund, denial of a claim, high rates after DUI convictions and an unsatisfactory settlement offer. It doesn’t matter what your reason, choosing a new company is not as difficult as it may seem.

As you prepare to switch companies, do not buy less coverage just to save a little money. There have been many situations where an accident victim reduced physical damage coverage and discovered at claim time that the few dollars in savings costed them thousands. Your aim should be to find the BEST coverage for the lowest price, not the least amount of coverage.

You just read a lot of tips how to save on 1994 GMC Sierra 1500 insurance. The key thing to remember is the more quotes you get, the better your chances of lowering your rates. Consumers could even find that the biggest savings come from an unexpected company.

Even more information is available by following these links: