2008 GMC Acadia Insurance Cost – 6 Ways to Save

Trying to find the cheapest insurance coverage rates for your GMC Acadia? Are you tired of scraping the payment together to pay your car insurance bill each month? Your situation is no different than most other car owners.

There are many insurance companies to insure vehicles with, and even though it’s nice to be able to choose, it makes it harder to adequately compare rates.

It’s important to do rate comparisons periodically because insurance rates are constantly changing. Even if you got the lowest price for Acadia coverage last year you can probably find a lower rate today. There is a lot of bad information regarding insurance coverage on the internet, so we’re going to give you the easiest ways to reduce your insurance coverage bill.

The purpose of this post is to introduce you to how to effectively get price quotes and some tricks to saving. If you have car insurance now, you should be able to reduce your rates substantially using these tips. But car owners do need to learn how insurance companies market insurance on the web and apply this information to your search.

The quickest method to get policy rate comparisons is to know almost all companies will pay a fee to provide you with a free rate quote. The only thing you need to do is give them rating details including an estimate of your credit level, if you went to college, if it has an anti-theft system, and whether your vehicle is owned or leased. Those rating factors is instantly submitted to many highly-rated insurers and you receive quotes within a short period of time.

Buyer beware of insurance advertising tricks

Insurance companies such as Geico, State Farm and Progressive constantly bombard you with ads on TV and radio. They all seem to say the same thing that you’ll save big if you switch to their company. How can each company make almost identical claims? It’s all in the numbers.

Different companies have a certain “appetite” for the driver that makes them money. An example of a preferred risk might be between the ages of 40 and 55, a clean driving record, and drives less than 7,500 miles a year. A driver who fits that profile will get the preferred rates and is almost guaranteed to save when they switch companies.

Potential customers who are not a match for the “perfect” profile will have to pay higher rates which usually ends up with business not being written. The ads state “drivers who switch” not “everyone that quotes” save money. This is how insurance companies can confidently make the claims of big savings.

Because of the profiling, you absolutely need to get a wide range of price quotes. It’s impossible to know which company will provide you with the cheapest GMC Acadia insurance rates.

Discounts mean cheaper 2008 GMC Acadia insurance rates

The price of auto insurance can be rather high, but there are discounts available that you may not even be aware of. A few discounts will automatically apply at the time of purchase, but a few need to be asked for before being credited.

  • Bundle and Save – When you have multiple policies with one company you may save at least 10% off all policies.
  • Multiple Cars – Having all your vehicles with the same company could earn a price break for each car.
  • Federal Government Employee – Employees or retirees of the government can earn a discount up to 10% for Acadia coverage with select insurance companies.
  • Driver Safety – Successfully completing a driver safety course could cut 5% off your bill and easily recoup the cost of the course.
  • Senior Citizens – If you’re over the age of 55, you may be able to get a discount up to 10% for Acadia coverage.
  • Lower Rates for Military – Having a family member in the military could be rewarded with lower premiums.

It’s important to note that most discounts do not apply to the entire policy premium. A few only apply to the price of certain insurance coverages like medical payments or collision. Just because it seems like it’s possible to get free car insurance, it doesn’t quite work that way. But any discount will help reduce your premiums.

To see a list of companies offering insurance coverage discounts, click here.

Tailor your coverage to you

When choosing the right insurance coverage for your personal vehicles, there is no “perfect” insurance plan. Everyone’s situation is unique so your insurance needs to address that. For example, these questions can aid in determining whether you might need professional guidance.

  • Should I have combined single limit or split liability limits?
  • Do I have coverage when making deliveries for my home business?
  • How can I get high-risk coverage after a DUI?
  • How do I buy GAP insurance?
  • Do I need replacement cost coverage?
  • Are my tools covered if they get stolen from my vehicle?
  • Can I afford low physical damage deductibles?
  • If I drive on a suspended license am I covered?
  • Is my GMC Acadia covered if I use it for business?

If it’s difficult to answer those questions then you might want to talk to an agent. If you don’t have a local agent, complete this form or click here for a list of auto insurance companies in your area.

Insurance coverages explained

Knowing the specifics of a insurance policy can help you determine which coverages you need and proper limits and deductibles. The coverage terms in a policy can be confusing and even agents have difficulty translating policy wording. Listed below are typical coverages offered by insurance companies.

Comprehensive protection – This coverage pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for claims such as damage from flooding, a tree branch falling on your vehicle and theft. The maximum amount your insurance company will pay is the ACV or actual cash value, so if the vehicle is not worth much it’s not worth carrying full coverage.

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

Collision coverage protects against claims such as crashing into a building, hitting a parking meter and damaging your car on a curb. Collision coverage makes up a good portion of your premium, so you might think about dropping it from vehicles that are older. Drivers also have the option to choose a higher deductible to get cheaper collision coverage.

Uninsured or underinsured coverage – Your UM/UIM coverage protects you and your vehicle’s occupants from other motorists when they are uninsured or don’t have enough coverage. Covered claims include medical payments for you and your occupants and damage to your 2008 GMC Acadia.

Since many drivers only carry the minimum required liability limits, their limits can quickly be used up. So UM/UIM coverage should not be overlooked. Most of the time the UM/UIM limits are similar to your liability insurance amounts.

Liability insurance – Liability insurance can cover injuries or damage you cause to other people or property in an accident. This coverage protects you against claims from other people. It does not cover your own vehicle damage or injuries.

It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see limits of 25/50/25 which stand for $25,000 bodily injury coverage, a per accident bodily injury limit of $50,000, and property damage coverage for $25,000. Occasionally you may see a combined limit which combines the three limits into one amount with no separate limits for injury or property damage.

Liability insurance covers claims such as attorney fees, repair bills for other people’s vehicles, repair costs for stationary objects, legal defense fees and bail bonds. How much liability should you purchase? That is a personal decision, but buy as much as you can afford.

Medical expense coverage – Coverage for medical payments and/or PIP provide coverage for short-term medical expenses such as prosthetic devices, hospital visits and nursing services. They are often used in conjunction with a health insurance policy or if there is no health insurance coverage. It covers not only the driver but also the vehicle occupants in addition to getting struck while a pedestrian. PIP is not available in all states and gives slightly broader coverage than med pay

Pennies from heaven

Affordable 2008 GMC Acadia insurance can be sourced from both online companies as well as from independent agents, so compare prices from both to have the best rate selection. Some car insurance companies don’t offer you the ability to get quotes online and most of the time these regional insurance providers sell through independent agents.

We just covered a lot of information how to reduce insurance prices online. The key concept to understand is the more providers you compare, the better your chances of lowering your rates. You may even discover the biggest savings come from a small mutual company. These companies may have significantly lower rates on certain market segments compared to the large companies like Allstate or State Farm.

More detailed car insurance information can be read at these sites: