Lower Your 2005 GMC Sierra 1500 Car Insurance Quotes

Shoppers have options when shopping for low-cost GMC Sierra 1500 insurance. You can either waste hours driving around to compare prices or leverage the internet to compare rates.

There is a right way and a wrong way to find insurance coverage online and we’ll show you the absolute fastest way to compare rates on a GMC and get the cheapest rates.

Don’t miss out on these money-saving discounts

The price of auto insurance can be rather high, but companies offer discounts to reduce the price significantly. Some discounts apply automatically when you quote, but some may not be applied and must be inquired about prior to getting the savings. If they aren’t giving you every credit available, you’re just leaving money on the table.

  • Theft Prevention Discount – Cars that have factory anti-theft systems are stolen less frequently and qualify for as much as a 10% discount.
  • Resident Student – Any of your kids who live away from home and don’t have a car can receive lower rates.
  • Homeowners Pay Less – Owning a home can save you money because maintaining a house demonstrates responsibility.
  • Driver Safety – Successfully completing a course teaching defensive driving skills could save 5% or more depending on where you live.
  • Life Insurance Discount – Larger companies have a discount if you purchase a life insurance policy as well.
  • Good Students Pay Less – Getting good grades can earn a discount of 20% or more. Earning this discount can benefit you well after school through age 25.
  • Payment Method – If you pay your entire premium ahead of time rather than paying monthly you could save 5% or more.

It’s important to understand that most credits do not apply to your bottom line cost. Some only reduce specific coverage prices like medical payments or collision. So even though it sounds like all the discounts add up to a free policy, you’re out of luck. Any qualifying discounts will help reduce your overall premium however.

Companies that may offer these money-saving discounts include:

It’s a good idea to ask every prospective company what discounts are available to you. All car insurance discounts might not be offered everywhere.

Why you might be paying too much to insure your GMC Sierra 1500

An important part of buying insurance is that you know the factors that help determine the rates you pay for car insurance. When you know what positively or negatively controls the rates you pay helps enable you to make changes that may reward you with big savings.

The following are a few of the “ingredients” that factor into rates.

  • Do you need the policy add-ons? – There are quite a few add-on coverages that you can get tricked into buying when buying car insurance. Insurance for personal injury protection, accidental death and membership fees are some examples. These may sound like a good investment when talking to your agent, but your needs may have changed so eliminate the coverages to reduce your premium.
  • More claims means more premium – Companies give cheaper rates to policyholders who do not rely on their insurance for small claims. If you file claims often, you can definitely plan on either a policy non-renewal or much higher rates. Insurance coverage is designed for the bigger claims that can’t be paid out-of-pocket.
  • Safer cars cost less to insure – Cars with high safety ratings can get you lower premiums. Safer cars have better occupant injury protection and any reduction in injury severity translates into fewer and smaller insurance claims and more competitive rates for policyholders. If your GMC Sierra 1500 earned at least an “acceptable” rating on the Insurance Institute for Highway Safety website you are probably receiving a discount.
  • Having a spouse can save you money – Having a wife or husband helps lower the price on car insurance. It is viewed as being more mature than a single person and statistics show married couples file fewer claims.
  • What are your deductibles? – Coverage for physical damage, also known as collision and other-than-collision, is used to repair damage to your GMC. Examples of covered claims could be collision with another vehicle, damage caused by hail, and windstorm damage. Your deductibles are how much you are willing to pay if you file a covered claim. The higher the amount you’re willing to pay, the lower your rates will be on Sierra coverage.
  • Rural vs Urban Areas – Being located in a small town can save you money when it comes to car insurance. Drivers in populated areas regularly have traffic congestion and much longer commute distances. Lower population translates into fewer accidents as well as less vandalism and auto theft.
  • Clean credit earns discounts – Having a bad credit score is a important factor in determining your rates. Therefore, if your credit score is lower than you’d like, you could be paying less to insure your 2005 GMC Sierra 1500 by spending a little time repairing your credit. People with high credit scores tend to be more responsible as compared to drivers with poor credit.
  • No coverage gaps is important – Driving with no insurance can get your license suspended and your next policy will cost more because you let your insurance expire. Not only will you pay more, but not being able to provide proof of insurance may earn you a steep fine or even jail time.

Do I need special coverages?

When choosing the best car insurance coverage for your vehicles, there really is no cookie cutter policy. Every insured’s situation is different.

These are some specific questions can aid in determining whether you may require specific advice.

  • Why is insurance for a teen driver so high?
  • Is my custom paint covered by insurance?
  • Do I need medical payments coverage since I have good health insurance?
  • What is the rate difference between pleasure use and commuting?
  • Should I have a commercial auto policy?
  • Do I need replacement cost coverage on my 2005 GMC Sierra 1500?

If it’s difficult to answer those questions but you know they apply to you then you might want to talk to an agent. If you don’t have a local agent, fill out this quick form. It only takes a few minutes and may give you better protection.

Drivers who switch save $411 a year? Really?

Drivers can’t ignore all the ads for car insurance savings from the likes of Progressive, Allstate and Geico. All the companies say the same thing that you’ll save big after switching your coverage to them.

How do they all say the same thing? It’s all in the numbers.

All companies are able to cherry pick for the driver that is profitable for them. For example, a desirable insured might be a mature driver, is a homeowner, and has great credit. A propective insured who matches those parameters receives the best rates and most likely will save a lot of money.

Potential customers who don’t qualify for this ideal profile will have to pay a higher premium and this can result in the customer not buying. Company advertisements say “customers that switch” not “people who quote” save that kind of money. This is how companies can make the claims of big savings.

Because of the profiling, you need to get as many quotes as possible. It’s impossible to know the company that will give you the biggest savings on GMC Sierra 1500 insurance.

Insurance policy specifics

Learning about specific coverages of your insurance policy can be of help when determining appropriate coverage at the best deductibles and correct limits. Insurance terms can be ambiguous and coverage can change by endorsement.

Collision coverages – This coverage pays for damage to your Sierra 1500 from colliding with another car or object. You first must pay a deductible then your collision coverage will kick in.

Collision can pay for claims like driving through your garage door, crashing into a ditch and colliding with another moving vehicle. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from older vehicles. It’s also possible to choose a higher deductible in order to get cheaper collision rates.

UM/UIM (Uninsured/Underinsured Motorist) coverage – This coverage protects you and your vehicle’s occupants 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 2005 GMC Sierra 1500.

Due to the fact that many drivers only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages is very important. Normally the UM/UIM limits are set the same as your liablity limits.

Comprehensive auto coverage – Comprehensive insurance coverage pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You first must pay your deductible then your comprehensive coverage will pay.

Comprehensive can pay for claims such as a tree branch falling on your vehicle, falling objects and hitting a deer. The maximum amount a insurance company will pay at claim time is the actual cash value, so if the vehicle is not worth much consider removing comprehensive coverage.

Liability coverage – Liability coverage can cover damage that occurs to people or other property. It protects you against claims from other people. It does not cover damage sustained by your vehicle in an accident.

Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have policy limits of 25/50/25 which means $25,000 bodily injury coverage, a per accident bodily injury limit of $50,000, and a limit of $25,000 paid for damaged property. Alternatively, you may have a combined limit which provides one coverage limit with no separate limits for injury or property damage.

Liability can pay for things like funeral expenses, emergency aid and repair bills for other people’s vehicles. The amount of liability coverage you purchase is up to you, but it’s cheap coverage so purchase as much as you can afford.

Medical payments and PIP coverage – Med pay and PIP coverage pay for immediate expenses such as X-ray expenses, pain medications and hospital visits. The coverages can be used to fill the gap from your health insurance policy or if you are not covered by health insurance. It covers you and your occupants in addition to if you are hit as a while walking down the street. Personal Injury Protection is not universally available but can be used in place of medical payments coverage

Final thoughts

Cheaper 2005 GMC Sierra 1500 insurance can be purchased online and with local insurance agents, so you should be comparing quotes from both so you have a total pricing picture. Some insurance companies do not offer the ability to get a quote online and many times these small insurance companies only sell through independent insurance agents.

Drivers change insurance companies for any number of reasons including high rates after DUI convictions, not issuing a premium refund, policy cancellation or delays in responding to claim requests. Regardless of your reason for switching companies, switching companies can be easier than you think.

While you’re price shopping online, never skimp on critical coverages to save a buck or two. There are a lot of situations where drivers have reduced liability coverage limits and learned later that saving that couple of dollars actually costed them tens of thousands. Your aim should be to purchase plenty of coverage at a price you can afford while not skimping on critical coverages.

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