How Much Does 2017 GMC Sierra 1500 Insurance Cost?

Searching for lower insurance coverage rates for your GMC Sierra 1500? Have you fallen victim to overpriced insurance coverage? Believe me when I say there are many people just like you.

Numerous insurance companies battle to insure your vehicles, and because of this it can be hard to compare insurance companies to get the best rate

Consumers need to take a look at other company’s rates on a regular basis because prices fluctuate regularly. Even if you got the lowest rates on Sierra insurance six months ago you can probably find a better price now. So just ignore everything you know about insurance coverage because you’re going to get a crash course in one of the easiest ways to lower your annual insurance bill.

Are you getting all your discounts?

Car insurance companies don’t necessarily list all available discounts in an easy-to-find place, so the following is a list of both the well known and also the lesser-known ways to save on insurance coverage.

  • Safe Drivers – Insureds without accidents may save up to 50% more on Sierra insurance than drivers with accident claims.
  • Senior Discount – Mature drivers may qualify for a discount up to 10% on Sierra insurance.
  • Discount for New Cars – Buying coverage on a new vehicle can be considerably cheaper due to better safety requirements for new cars.
  • College Student – Children who are attending college and don’t have a car can receive lower rates.
  • Multi-car Discount – Buying insurance for more than one vehicle on one policy can get a discount on all vehicles.
  • Low Mileage – Fewer annual miles on your GMC could be rewarded with better rates on cars that stay parked.

Keep in mind that most discounts do not apply to the overall cost of the policy. Most only reduce individual premiums such as liability and collision coverage. Just because it seems like you would end up receiving a 100% discount, you won’t be that lucky.

Insurance companies that may offer these money-saving discounts include:

It’s a good idea to ask each insurance company what discounts are available to you. Some discounts might not apply in your area.

Tailor your coverage to you

When choosing proper insurance coverage, there isn’t really a “perfect” insurance plan. Every situation is different so your insurance needs to address that. For instance, these questions might point out whether you may require specific advice.

  • Will my vehicle be repaired with OEM or aftermarket parts?
  • Which is better, split liability limits or combined limits?
  • Do I need replacement cost coverage on my 2017 GMC Sierra 1500?
  • Does my car insurance cover rental cars?
  • I don’t drive much so do I pay less?
  • Is my nanny covered when driving my vehicle?
  • Can I pay claims out-of-pocket if I buy high deductibles?

If you’re not sure about those questions, then you may want to think about talking to an agent. If you don’t have a local agent, take a second and complete this form or click here for a list of car insurance companies in your area.

Do you really save 40% when you switch?

Progressive, Allstate and Geico consistently run television and radio advertisements. All the companies say the same thing that you’ll save big if you change your coverage to them. How does each company say the same thing?

Insurance companies can use profiling for the right customer that makes them money. For example, a profitable customer might be between the ages of 30 and 50, has no prior claims, and has excellent credit. A propective insured who meets those qualifications will get very good rates and is almost guaranteed to save when they switch companies.

Drivers who don’t measure up to this ideal profile will have to pay more money and ends up with business going elsewhere. Company advertisements say “drivers who switch” but not “drivers who get quotes” save that much money. That’s the way companies can claim big savings. Because of the profiling, drivers must get as many quotes as possible. It’s impossible to know which insurance coverage company will provide you with the cheapest GMC Sierra 1500 insurance rates.

Specifics of your insurance policy

Having a good grasp of your policy can help you determine appropriate coverage and the correct deductibles and limits. Policy terminology can be confusing and even agents have difficulty translating policy wording. Shown next are typical coverage types found on most insurance policies.

Comprehensive auto coverage

This coverage pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive insurance covers things like a broken windshield, theft, falling objects and fire damage. The most your insurance company will pay is the cash value of the vehicle, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.

Coverage for collisions

This pays to fix your vehicle from damage from colliding with a stationary object or other vehicle. A deductible applies then your collision coverage will kick in.

Collision coverage pays for claims such as rolling your car, colliding with another moving vehicle, driving through your garage door and backing into a parked car. Collision coverage makes up a good portion of your premium, so consider removing coverage from vehicles that are older. Another option is to increase the deductible to save money on collision insurance.

UM/UIM (Uninsured/Underinsured Motorist) coverage

Uninsured or Underinsured Motorist coverage provides protection when other motorists do not carry enough liability coverage. This coverage pays for injuries sustained by your vehicle’s occupants as well as damage to your GMC Sierra 1500.

Due to the fact that many 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 should not be overlooked.

Medical payments and PIP coverage

Coverage for medical payments and/or PIP reimburse you for short-term medical expenses like X-ray expenses, funeral costs and dental work. They are used in conjunction with a health insurance policy or if you lack health insurance entirely. They cover you and your occupants and will also cover getting struck while a pedestrian. Personal injury protection coverage is not available in all states but it provides additional coverages not offered by medical payments coverage

Liability insurance

Liability coverage provides protection from injuries or damage you cause to a person or their property. It protects you from legal claims by others. Liability doesn’t 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. Your policy might show policy limits of 25/50/25 that means you have a limit of $25,000 per injured person, a limit of $50,000 in injury protection per accident, and a limit of $25,000 paid for damaged property.

Liability coverage pays for claims such as repair costs for stationary objects, court costs, structural damage, emergency aid and pain and suffering. The amount of liability coverage you purchase is up to you, but you should buy as large an amount as possible.

Smart consumers save more

Low-cost 2017 GMC Sierra 1500 insurance is definitely available on the web and also from your neighborhood agents, and you need to price shop both to have the best chance of lowering rates. A few companies may not provide the ability to get a quote online and many times these small insurance companies only sell through independent insurance agents.

As you go through the steps to switch your coverage, it’s not a good idea to buy less coverage just to save a little money. There have been many situations where drivers have reduced collision coverage only to regret that the savings was not a smart move. The proper strategy is to buy enough coverage at a price you can afford while still protecting your assets.

Additional detailed information is available at these sites: