1994 GMC Sierra 2500 Insurance Quotes – 5 Policy Discounts

Finding lower rates for car insurance can be hard for beginners to shopping for insurance online. You have so many options that it can easily become a challenge to find lower rates.

Consumers need to do rate comparisons occasionally because insurance rates fluctuate regularly. Just because you found the lowest rates on Sierra insurance last year a different company probably has better rates today. There is a lot of bad information regarding car insurance on the web, but with this article, you’re going to get some of the best ways to reduce your car insurance bill.

How to reduce GMC Sierra 2500 insurance rates

Auto insurance companies don’t always list every available discount very well, so we break down both the well known and also the lesser-known discounts you could be receiving.

  • Low Mileage – Low mileage vehicles could qualify for discounted rates on garaged vehicles.
  • More Vehicles More Savings – Buying coverage for multiple cars or trucks on one policy could earn a price break for each car.
  • Multi-policy Discount – If you insure your home and vehicles with the same company you may earn approximately 10% to 15%.
  • Defensive Driver – Taking a defensive driving course could save 5% or more and easily recoup the cost of the course.
  • Passive Restraints and Air Bags – Cars that have air bags or motorized seat belts can qualify for discounts of 20% or more.

As a disclaimer on discounts, some of the credits will not apply to the entire cost. Most cut the price of certain insurance coverages like liability, collision or medical payments. Even though it may seem like you would end up receiving a 100% discount, it just doesn’t work that way.

For a list of companies who offer insurance coverage discounts, click here to view.

Do insurance companies bend the truth?

Companies like State Farm and Allstate regularly use ads on TV and radio. All the ads make an identical promise about savings if you move your policy. But how can every company claim to save you money? This is how they do it.

Insurance companies can use profiling for the right customer that earns them a profit. For example, a preferred risk might be between the ages of 40 and 55, a clean driving record, and has excellent credit. Any new insured that hits that “sweet spot” will get the preferred rates and therefore will save when switching.

Drivers who are not a match for this ideal profile will have to pay higher rates which leads to the customer not buying. Company advertisements say “customers that switch” but not “drivers who get quotes” save that much. That’s the way companies can truthfully advertise the way they do. Because of the profiling, it’s extremely important to get quotes from several different companies. It is impossible to predict which insurance companies will give you the biggest savings on GMC Sierra 2500 insurance.

Tailor your coverage to you

When it comes to buying the right insurance coverage for your vehicles, there isn’t really a one size fits all plan. Every situation is different.

These are some specific questions may help highlight if your situation might need an agent’s assistance.

  • Are rock chip repairs covered?
  • Should I buy more coverage than the required minimum liability coverage?
  • Should I drop comprehensive coverage on older vehicles?
  • Do I need replacement cost coverage on my 1994 GMC Sierra 2500?
  • Am I covered by my employer’s commercial auto policy when driving my personal car for business?
  • What is high-risk coverage and where do I buy it?
  • Which is better, split liability limits or combined limits?
  • I have a DUI can I still get coverage?
  • Am I covered if I hit a deer?
  • What is PIP insurance?

If it’s difficult to answer those questions but you know they apply to you then you might want to talk to an insurance agent. If you don’t have a local agent, fill out this quick form.

Insurance coverages explained

Knowing the specifics of insurance aids in choosing which coverages you need and proper limits and deductibles. Policy terminology can be confusing and even agents have difficulty translating policy wording.

Protection from uninsured/underinsured drivers – This coverage provides protection from other drivers when they do not carry enough liability coverage. This coverage pays for injuries sustained by your vehicle’s occupants as well as damage to your 1994 GMC Sierra 2500.

Since a lot of drivers carry very low liability coverage limits, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages is important protection for you and your family.

Medical expense insurance – Coverage for medical payments and/or PIP pay for short-term medical expenses such as rehabilitation expenses, surgery, nursing services and hospital visits. They are used in conjunction with a health insurance program or if there is no health insurance coverage. It covers you and your occupants and also covers getting struck while a pedestrian. Personal Injury Protection is not available in all states but it provides additional coverages not offered by medical payments coverage

Auto liability – This can cover damages or injuries you inflict on a person or their property that is your fault. Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see liability limits of 100/300/100 that means you have a limit of $100,000 per injured person, a per accident bodily injury limit of $300,000, and a total limit of $100,000 for damage to vehicles and property.

Liability can pay for things such as legal defense fees, court costs and funeral expenses. How much liability should you purchase? That is your choice, but consider buying as large an amount as possible.

Collision – Collision insurance pays for damage to your Sierra 2500 from colliding with another car or object. A deductible applies then the remaining damage will be paid by your insurance company.

Collision can pay for things such as colliding with a tree, hitting a mailbox, scraping a guard rail, colliding with another moving vehicle and crashing into a ditch. This coverage can be expensive, so consider dropping it from vehicles that are 8 years or older. It’s also possible to increase the deductible to bring the cost down.

Comprehensive (Other than Collision) – This coverage covers damage that is not covered by collision coverage. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers claims like fire damage, vandalism, damage from getting keyed, falling objects and hitting a bird. The most you’ll receive from a claim is the market value of your vehicle, so if the vehicle’s value is low it’s not worth carrying full coverage.

Buy Smart and Save

Discount 1994 GMC Sierra 2500 insurance is available from both online companies as well as from independent agents, so you should compare both to have the best rate selection. Some insurance companies don’t offer online price quotes and these smaller companies work with independent agents.

We’ve covered many ideas to get a better price on insurance. The key thing to remember is the more quotes you get, the better likelihood of reducing your rate. You may be surprised to find that the lowest priced car insurance comes from a small mutual company.

As you restructure your insurance plan, do not buy less coverage just to save a little money. There have been many cases where someone dropped physical damage coverage only to regret that saving that couple of dollars actually costed them tens of thousands. Your strategy should be to buy the best coverage you can find at a price you can afford.

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