How Much Does 2007 GMC Sierra 3500HD Car Insurance Cost?

Shoppers have many options when shopping for the lowest priced GMC Sierra 3500HD insurance. You can either spend your time driving around getting price quotes or utilize the internet to compare rates.

There are both good and bad ways to buy insurance and we’ll show you the absolute fastest way to price shop coverage on a GMC and obtain the lowest possible price either online or from local insurance agents.

This article will let you in on how to effectively get price quotes and some money-saving tips. If you currently have car insurance, you should be able to reduce your rates substantially using this strategy. Vehicle owners just need to know the proper way to shop their coverage around online.

Your GMC Sierra 3500HD insurance rate is a complex equation

Consumers need to have an understanding of the factors that play a part in calculating the rates you pay for insurance coverage. Understanding what impacts premium levels helps enable you to make changes that could result in much lower annual insurance costs.

Shown below are some of the items that factor into premiums.

  • Do you know your deductibles? – Physical damage deductibles represent how much money you are required to spend if you file a covered claim. Insurance for physical damage to your car, commonly called comprehensive (or other-than-collision) and collision coverage, covers damage that occurs to your car. A few examples of covered claims are colliding with a building, damage caused by hail, and rolling your vehicle. The more expense you have to pay, the bigger discount you will receive on SierraHD coverage.
  • Better crash test results mean better rates – Cars with high safety ratings tend to have better insurance rates. The safest vehicles reduce injuries and lower injury rates means lower claim amounts and lower rates for you. If your GMC Sierra 3500HD scored better than four stars on Safercar.gov you may qualify for a discount.
  • Do men or women drive better? – Statistics show women tend to be less risk to insure than men. However, don’t assume that men are WORSE drivers than women. They both cause accidents at about the same rate, but the males cause more damage and cost insurance companies more money. They also receive more costly citations like reckless driving and DUI.
  • Save money with special equipment – Choosing a vehicle that has an advanced theft prevention system can get you a discount on your insurance coverage. Anti-theft devices like LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system can thwart car theft.
  • Careful drivers pay lower rates – Whether or not you get tickets impacts your car insurance rates tremendously. Only having one ticket can increase rates twenty percent or more. Good drivers receive lower rates than people who have multiple driving citations. Drivers with severe tickets such as DWI, reckless driving or hit and run convictions are required to submit a SR-22 or proof of financial responsibility with the DMV in their state in order to drive a vehicle legally.
  • Clean credit earns discounts – Your credit history is a large factor in determining your rates. So if your credit score is not that good, you could potentially save money when insuring your 2007 GMC Sierra 3500HD by improving your credit score. Consumers who have excellent credit tend to be less risk to insure as compared to drivers with lower credit scores.
  • Your job and insurance rates – Occupations like doctors, social workers and accountants are shown to have higher rates than average due to high stress and lengthy work days. On the flip side, occupations such as scientists, athletes and the unemployed pay the least on SierraHD coverage.
  • Discounts for multiple policies – Many insurance companies give discounts to policyholders who carry more than one policy. It’s known as a multi-policy discount. Discounts can be 10 percent or more. Even if you’re getting this discount it’s in your best interest to compare rates to verify if the discount is saving money.

These discounts can lower your rates

Insuring your fleet can be pricey, buy you may qualify for discounts that can drop the cost substantially. Some trigger automatically when you purchase, but some may not be applied and must be requested specifically before you get the savings. If you aren’t receiving every discount available, you are throwing money away.

  • Driver’s Ed – Have your child successfully complete driver’s ed class in school.
  • Homeowners Savings – Simply owning a home may earn you a small savings because maintaining a house demonstrates responsibility.
  • Good Student – Getting good grades can save 20 to 25%. This discount can apply up to age 25.
  • Payment Discounts – If you pay your entire premium ahead of time instead of monthly or quarterly installments you may reduce your total bill.
  • Resident Student – Kids in college who live away from home and do not have access to a covered vehicle may qualify for this discount.
  • Organization Discounts – Affiliation with a professional or civic organization could trigger savings when shopping for insurance on SierraHD coverage.

As a disclaimer on discounts, most discounts do not apply to your bottom line cost. The majority will only reduce the cost of specific coverages such as liability, collision or medical payments. So even though it sounds like adding up those discounts means a free policy, you’re out of luck. Any amount of discount will bring down the cost of coverage.

To see a list of insurance companies who offer insurance discounts, click here.

Is there deception in advertising?

Consumers get pounded daily by advertisements for the lowest price auto insurance from companies such as Progressive, Allstate and Geico. They all make the same claim of big savings if you switch your policy.

But how can every company make the same claim? It’s all in the numbers.

Different companies have a preferred profile for the right customer that earns them a profit. For example, a driver they prefer might be a mature driver, a clean driving record, and drives newer vehicles. Any new insured who matches those parameters will get the preferred rates and is almost guaranteed to cut their rates substantially.

Consumers who are not a match for the “perfect” profile must pay a higher premium and this can result in the customer not buying. The ads state “customers that switch” not “people who quote” save that kind of money. That is how companies can truthfully claim big savings.

This illustrates why drivers must get as many quotes as possible. It is impossible to predict the company that will give you the biggest savings on GMC Sierra 3500HD insurance.

Different people need different coverages

When it comes to choosing coverage, there is no best way to insure your cars. Your needs are not the same as everyone else’s.

For instance, these questions may help you determine if you will benefit from professional help.

  • Do I need PIP (personal injury protection) coverage in my state?
  • What is roadside assistance coverage?
  • How high should deductibles be on a 2007 GMC Sierra 3500HD?
  • When should I not file a claim?
  • What are the financial responsibility laws in my state?
  • Is rental equipment covered for theft or damage?
  • When can my company non-renew my policy?

If you’re not sure about those questions but one or more may apply to you, you might consider talking to an agent. If you want to speak to an agent in your area, complete this form. It’s fast, doesn’t cost anything and can provide invaluable advice.

Information about specific coverages

Learning about specific coverages of a insurance policy aids in choosing the best coverages for your vehicles. The coverage terms in a policy can be impossible to understand and nobody wants to actually read their policy.

Liability coverages

Liability insurance can cover damage or injury you incur to people or other property. This coverage protects you from legal claims by others. It does not cover your injuries or vehicle damage.

Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see limits of 100/300/100 that translate to $100,000 bodily injury coverage, a per accident bodily injury limit of $300,000, and property damage coverage for $100,000. Occasionally you may see a combined limit that pays claims from the same limit without having the split limit caps.

Liability can pay for claims like structural damage, attorney fees and medical expenses. How much liability should you purchase? That is your choice, but consider buying as much as you can afford.

Coverage for medical expenses

Medical payments and Personal Injury Protection insurance kick in for expenses like funeral costs, X-ray expenses, rehabilitation expenses, pain medications and nursing services. They are often used to fill the gap from your health insurance policy or if there is no health insurance coverage. They cover all vehicle occupants as well as any family member struck as a pedestrian. PIP coverage is not an option in every state and gives slightly broader coverage than med pay

Comprehensive insurance

Comprehensive insurance coverage pays for damage OTHER than collision with another vehicle or object. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for things like theft, hitting a bird and a tree branch falling on your vehicle. The most you can receive from a comprehensive claim is the cash value of the vehicle, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

Coverage for uninsured or underinsured drivers

This gives you protection from other drivers when they are uninsured or don’t have enough coverage. Covered losses include injuries to you and your family and damage to your 2007 GMC Sierra 3500HD.

Since many drivers only purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea. Frequently these coverages are similar to your liability insurance amounts.

Collision protection

Collision coverage pays to fix your vehicle from damage resulting from colliding with a stationary object or other vehicle. You first must pay a deductible then your collision coverage will kick in.

Collision can pay for claims such as colliding with a tree, rolling your car, backing into a parked car, hitting a parking meter and sideswiping another vehicle. Collision coverage makes up a good portion of your premium, so consider dropping it from lower value vehicles. It’s also possible to choose a higher deductible to bring the cost down.

Shop smart and save

We covered a lot of ways to lower your 2007 GMC Sierra 3500HD insurance rates. The most important thing to understand is the more quotes you get, the higher your chance of finding lower rates. Consumers may even find the best price on insurance is with a lesser-known regional company.

When trying to cut insurance costs, make sure you don’t buy less coverage just to save a little money. In too many instances, an insured dropped uninsured motorist or liability limits only to regret that a couple dollars of savings turned into a financial nightmare. Your goal should be to buy enough coverage at a price you can afford.

Affordable insurance can be purchased online in addition to many insurance agents, and you should compare price quotes from both to get a complete price analysis. A few companies do not provide the ability to get a quote online and these small insurance companies work with independent agents.

Additional learning opportunities