Compare 1998 GMC Sierra 1500 Car Insurance Cost

Trying to find better insurance rates for your GMC Sierra 1500? Having to pay for overpriced GMC Sierra 1500 insurance can dwindle your checking account and put the squeeze on your family’s finances. Comparison shopping is a great way to cut your insurance bill. Many car insurance companies compete to insure your vehicles, and because of this it can be hard to compare insurers and get the best coverage at the cheapest price

It is always a good idea to get comparison quotes every six months since insurance rates are adjusted regularly by insurance companies. Despite the fact that you may have had the lowest price on Sierra coverage two years ago other companies may now be cheaper. Forget anything you know (or think you know) about insurance because we’re going to demonstrate the fastest and easiest way to get good coverage at a lower rate.

Policy discounts you shouldn’t miss

Properly insuring your vehicles can get expensive, buy you may qualify for discounts that can drop the cost substantially. Certain discounts will be triggered automatically at the time you complete a quote, but some may not be applied and must be manually applied before they will apply. If they aren’t giving you every credit you qualify for, you’re just leaving money on the table.

  • More Vehicles More Savings – Insuring multiple cars or trucks on one policy qualifies for this discount.
  • Payment Discounts – If you pay your bill all at once instead of paying each month you may reduce your total bill.
  • Low Mileage – Fewer annual miles on your GMC can qualify you for lower rates on the low mileage vehicles.
  • Anti-theft Discount – Anti-theft and alarm systems can help prevent theft and qualify for as much as a 10% discount.
  • No Charge for an Accident – Some insurance companies allow you one accident before hitting you with a surcharge so long as you haven’t had any claims for a set time period.
  • Anti-lock Brake System – Vehicles with anti-lock braking systems can avoid accidents and therefore earn up to a 10% discount.

It’s important to note that some of the credits will not apply to your bottom line cost. A few only apply to the price of certain insurance coverages like comprehensive or collision. Just because it seems like you can get free auto insurance, it doesn’t quite work that way. But any discount will reduce your premiums.

A partial list of companies that possibly offer these discounts include:

Check with each company what discounts are available to you. Some discounts might not be offered everywhere.

Insurance agents can help

When it comes to choosing the right insurance coverage for your personal vehicles, there really is not a best way to insure your cars. Your needs are not the same as everyone else’s so your insurance should reflect that For example, these questions might point out whether your personal situation would benefit from professional advice.

  • What vehicles should carry emergency assistance coverage?
  • Are split liability limits better than a combined single limit?
  • Does my car insurance cover rental cars?
  • How can I find cheaper teen driver insurance?
  • Do I need added coverage for expensive stereo equipment?
  • Do I need rental car coverage?
  • Do I need PIP (personal injury protection) coverage in my state?

If you don’t know the answers to these questions but you know they apply to you, then you may want to think about talking to an insurance agent. To find an agent in your area, simply complete this short form or go to this page to view a list of companies. It’s fast, doesn’t cost anything and you can get the answers you need.

Do insurance companies bend the truth?

Drivers constantly see and hear ads for cheaper car insurance by companies like State Farm, Allstate and Geico. They all say the same thing that you can save if you move to them.

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

Different companies have a certain “appetite” for the right customer that makes them money. An example of a driver they prefer could be a mature driver, has no tickets, and has excellent credit. Any driver who fits that profile is entitled to the best price and as a result will probably save when switching.

Potential customers who don’t meet the requirements will be charged higher rates and ends up with the driver buying from a lower-cost company. The ads state “people who switch” not “people who quote” save that much money. This is how insurance companies can state the savings.

That is why it is so important to get as many quotes as possible. It’s not possible to predict which insurance company will fit your personal profile best.

Auto insurance coverages 101

Understanding the coverages of your auto insurance policy can help you determine the best coverages at the best deductibles and correct limits. The terms used in a policy can be difficult to understand and coverage can change by endorsement. These are the normal coverages found on the average auto insurance policy.

Med pay and Personal Injury Protection (PIP)

Personal Injury Protection (PIP) and medical payments coverage kick in for short-term medical expenses for nursing services, EMT expenses, pain medications and hospital visits. They can be utilized in addition to your health insurance policy or if you are not covered by health insurance. Coverage applies to all vehicle occupants and also covers being hit by a car walking across the street. PIP coverage is not available in all states and may carry a deductible

Liability coverage

This coverage can cover damage that occurs to other’s property or people by causing an accident. It protects YOU against other people’s claims. It does not cover damage sustained by your vehicle in an accident.

Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see values of 100/300/100 that means you have $100,000 bodily injury coverage, a per accident bodily injury limit of $300,000, and $100,000 of coverage for damaged propery. Some companies may use a combined limit which provides one coverage limit and claims can be made without the split limit restrictions.

Liability coverage protects against things like loss of income, medical services, repair bills for other people’s vehicles, bail bonds and repair costs for stationary objects. How much liability coverage do you need? That is up to you, but consider buying as much as you can afford.

Comprehensive insurance

This coverage will pay to fix damage from a wide range of events other than collision. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive can pay for claims such as fire damage, damage from getting keyed, hail damage, a tree branch falling on your vehicle and damage from flooding. The maximum payout a auto insurance company will pay at claim time is the actual cash value, so if the vehicle is not worth much consider dropping full coverage.

Uninsured/Underinsured Motorist (UM/UIM)

Your UM/UIM coverage protects you and your vehicle when the “other guys” are uninsured or don’t have enough coverage. Covered losses include hospital bills for your injuries and damage to your GMC Sierra 1500.

Since many drivers have only the minimum liability required by law, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is a good idea. Most of the time your uninsured/underinsured motorist coverages are similar to your liability insurance amounts.

Collision coverage

This covers damage to your Sierra 1500 resulting from a collision with an object or car. You have to pay a deductible then your collision coverage will kick in.

Collision coverage protects against things such as colliding with a tree, hitting a mailbox, backing into a parked car, rolling your car and crashing into a building. This coverage can be expensive, so you might think about dropping it from older vehicles. Drivers also have the option to raise the deductible to get cheaper collision coverage.

At the end of the day…

When shopping online for car insurance, you should never sacrifice coverage to reduce premiums. Too many times, consumers will sacrifice full coverage only to find out that it was a big mistake. Your strategy should be to buy enough coverage at the best price.

We covered a lot of ways to get a better price on 1998 GMC Sierra 1500 insurance. The most important thing to understand is the more providers you compare, the better your comparison will be. You may even discover the lowest premiums are with a small mutual company. Some small companies can often insure niche markets at a lower cost compared to the large companies like State Farm or Progressive.

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