Tired of robbing Peter to pay Paul to pay your car insurance bill each month? Your situation is no different than the majority of other car owners.
Online insurance companies like Progressive, State Farm and GEICO continually bombard you with ads and consumers find it hard to sift through the bull and do the work needed to find the best deal.
It is always a good idea to do rate comparisons quite often because insurance rates change frequently. Just because you found the best deal on Sierra coverage six months ago there may be better deals available now. There is a lot of bad information regarding car insurance online, so by reading this article, you’re going to learn some great ideas on how to find affordable car insurance.
If you are paying for car insurance now, you will be able to cut costs considerably using this strategy. Finding affordable coverage is not rocket science. But consumers must understand the way insurance companies determine prices and apply this information to your search.
The are a couple different ways of comparing price quotes from auto insurance companies in your area. The easiest way by far to find the cheapest 1997 GMC Sierra 2500 insurance rates is to perform an online rate comparison. This is very easy and can be done in several different ways.
To view a list of companies in your area, click here.
It’s up to you how you get prices quotes, just make darn sure you compare the exact same coverage information on every quote. If your comparisons have unequal deductibles or liability limits it will be very difficult to make a fair comparison for your GMC Sierra 2500. Just a small difference in insurance coverages can result in a big premium difference. And when price shopping your coverage, more quotes provides better odds of finding a lower rate.
When it comes to choosing adequate coverage, there really is not a “best” method to buy coverage. Every situation is different so this has to be addressed. Here are some questions about coverages that may help you determine whether or not you might need professional guidance.
If you don’t know the answers to these questions but you think they might apply to your situation, you might consider talking to an agent. To find lower rates from a local agent, take a second and complete this form or click here for a list of car insurance companies in your area.
Learning about specific coverages of insurance can help you determine which coverages you need and the correct deductibles and limits. Policy terminology can be ambiguous and nobody wants to actually read their policy. These are the usual coverages available from insurance companies.
Collision insurance covers damage to your Sierra 2500 caused by collision with an object or car. You will need to pay your deductible and then insurance will cover the remainder.
Collision can pay for claims like backing into a parked car, sustaining damage from a pot hole and crashing into a building. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from older vehicles. It’s also possible to bump up the deductible in order to get cheaper collision rates.
Comprehensive auto coverage
This covers damage that is not covered by collision coverage. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive coverage protects against things like fire damage, hitting a bird and damage from getting keyed. The maximum payout you can receive from a comprehensive claim is the market value of your vehicle, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.
Medical payments and PIP coverage
Med pay and PIP coverage reimburse you for expenses such as dental work, nursing services and funeral costs. They are often utilized in addition to your health insurance plan or if there is no health insurance coverage. It covers all vehicle occupants as well as if you are hit as a while walking down the street. Personal injury protection coverage is not an option in every state and gives slightly broader coverage than med pay
UM/UIM (Uninsured/Underinsured Motorist) coverage
This coverage protects you and your vehicle when the “other guys” either have no liability insurance or not enough. It can pay for injuries to you and your family and also any damage incurred to your 1997 GMC Sierra 2500.
Due to the fact that many drivers have only the minimum liability required by law, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important.
This coverage will cover damage that occurs to other’s property or people by causing an accident. It protects YOU from claims by other people. 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 might see values of 50/100/50 that translate to $50,000 bodily injury coverage, a total of $100,000 of bodily injury coverage per accident, and $50,000 of coverage for damaged propery.
Liability insurance covers things like legal defense fees, bail bonds, pain and suffering and emergency aid. How much liability coverage do you need? That is up to you, but buy as much as you can afford.