How to Save on GMC Sierra 2500HD Insurance in Greensboro

Regrettably, almost 70% of drivers kept buying from the same company for at least the last four years, and nearly half have never compared car insurance rates at all. With the average premium in North Carolina being $980, drivers can save about $100 each year just by getting comparison quotes, but they assume it’s a waste of time to find cheaper insurance by shopping around.

If your goal is the lowest price, then the best way to get budget car insurance rates is to make a habit of comparing prices annually from providers who sell auto insurance in Greensboro.

1. Get an understanding of the different coverages in a policy and the changes you can make to drop your rates. Many risk factors that cause high rates such as traffic citations and an unacceptable credit score can be remedied by making minor changes to your lifestyle. Continue reading for the details to help find cheaper rates and find additional discounts.
2. Compare prices from direct carriers, independent agents, and exclusive agents. Direct companies and exclusive agencies can only provide price estimates from one company like GEICO or Farmers Insurance, while agents who are independent can provide prices from multiple sources.
3. Compare the new rate quotes to your current policy to see if you can save by switching companies. If you find a lower rate quote and make a switch, make sure there is no lapse in coverage.
4. Provide adequate notice to your current company of your intention to cancel your current policy and submit a signed application and payment to the new company. Be sure to safely store the proof of insurance certificate along with your vehicle registration.

The key aspect of shopping around is that you’ll want to make sure you compare identical coverage information on each quote request and and to get quotes from as many companies as feasibly possible. This helps ensure an accurate price comparison and a good representation of prices.

How Insurers Determine GMC Sierra 2500HD Insurance Prices

It’s important that you understand some of the factors that aid in calculating your premiums. If you have a feel for what controls the rates you pay, this helps enable you to make changes that could help you find cheaper rates.

• Liability coverage limits on your policy – A critical coverage on your policy, liability insurance kicks in if you are ruled to be at fault for damages from an accident. It will provide for a legal defense up to the limits shown on your policy. Liability insurance is quite affordable compared to other policy coverages, so insureds should have plenty of protection for their assets.
• Pay more if you have a long commute – Having an address in less populated areas can be a good thing when talking about auto insurance. Less people means a lower chance of having an accident and lower theft and vandalism rates. Residents of big cities regularly have traffic congestion and much longer commute distances. More time commuting translates into higher accident risk.

• Obey driving laws and save – Having just one citation can increase the cost of insurance twenty percent or more. Drivers who don’t get tickets pay lower auto insurance prices than bad drivers. People who have serious tickets such as DWI, reckless driving or hit and run convictions may find that they have to to submit a SR-22 form with their state in order to continue driving.

  The diagram below shows how speeding tickets and at-fault claims can increase GMC Sierra 2500HD car insurance rates for different ages of insureds. The costs are based on a married male driver, comp and collision included, $1,000 deductibles, and no additional discounts are factored in.

• Extra policy coverages are wasting money – There are a ton of add-on coverages you can purchase when buying auto insurance. Coverages like replacement cost coverage, accidental death, and Farm Bureau memberships may not be needed and are just wasting money. They may seem good when discussing your needs, but your needs may have changed so remove them and pocket the money.
• Better auto insurance rates with anti-theft devices – Choosing a vehicle with anti-theft technology or alarm system can help lower your premiums. Theft deterrent systems such as LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system help track and prevent car theft and help bring rates down.
• Your spouse saves you money – Having a significant other helps lower the price on your auto insurance policy. Having a significant other translates into being more mature than a single person and it’s statistically proven that drivers who are married file infrequent claims.

• Teenage drivers cost more – More mature drivers have been proven to be more responsible, tend to file fewer claims, and receive fewer citations. Drivers with little experience are known to be more careless when driving so auto insurance rates are higher.

  The following data uses these variables: single driver, full coverage with $100 deductibles, and no discounts or violations.

• Rates go up with performance – The make and model of the car, truck or SUV you drive makes a big difference in your car insurance bill. Economy passenger cars generally receive the lowest base rates, but many other things help determine your insurance rates.

  The following chart assumes a married male driver age 50, full coverage with $250 deductibles, and no discounts or violations. The chart compares GMC Sierra 2500HD rates compared to other models that have different performance risks.

Detailed insurance information

The rate table shown below highlights different insurance rates for GMC Sierra 2500HD models. Having knowledge of how policy premiums are calculated can help guide drivers when making smart choices when comparing insurance quotes.

Table data represents married male driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and North Carolina minimum liability limits. Discounts applied include homeowner, multi-policy, safe-driver, multi-vehicle, and claim-free. Premium amounts do not factor in the specific area where the vehicle is garaged which can modify premium rates substantially.

Comparison of policy deductibles

When buying car insurance, a common question is where to set your physical damage deductibles. The following tables summarize the rate difference of buying low and high comp and collision deductibles. The first rate comparisons uses a $250 deductible and the second price chart uses a $500 deductible.

Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and North Carolina minimum liability limits. Discounts applied include claim-free, multi-vehicle, multi-policy, safe-driver, and homeowner. Estimates do not factor in zip code location which can modify price quotes noticeably.

Based on the data above, we can derive that using a $250 deductible will cost you roughly $12 more each month or $144 a year than buying the higher $500 deductible. Since you would pay $250 more if you turn in a claim with a $500 deductible as compared to a $250 deductible, if you normally average at a minimum 21 months between claim filings, you would probably come out ahead by going with a higher deductible.

Car insurance cost for men versus women

The illustration below illustrates the comparison of GMC Sierra 2500HD auto insurance rates for male and female drivers. The premium estimates are based on a clean driving record, no at-fault accidents, comp and collision included, $500 deductibles, drivers are single, and no policy discounts are applied.

Verify you’re getting every discount

Buying insurance is not cheap, but there are discounts available to cut the cost considerably. Some trigger automatically at the time you complete a quote, but lesser-known reductions have to be asked for prior to receiving the credit.

• Good Grades Discount – Maintaining excellent grades may save as much as 25% on a Greensboro auto insurance quote. This discount can apply well after school through age 25.
• Low Mileage – Driving less can earn cheaper premium rates.
• Pay Upfront and Save – By paying your policy upfront instead of monthly or quarterly installments you can avoid the installment charge.
• Multiple Policy Discount – If you combine your auto and home policies with one company you may save up to 20% off your total Sierra 2500HD insurance premium.
• Early Renewal Discounts – Some companies give discounts for buying a new policy before your current coverage expires. This discount can save up to 10%.
• Memberships – Being a member of specific professional or occupational memberships or organizations could trigger savings when shopping for insurance.
• Buy New and Save – Insuring a vehicle that is new can save you some money since new model year vehicles are generally safer.

We need to note that some of the credits will not apply to the entire cost. Most only cut individual premiums such as comp or med pay. Despite the fact that it seems like you could get a free insurance policy, you’re out of luck. Any amount of discount will cut your insurance premiums.

The information below shows the difference between GMC Sierra 2500HD annual premium costs with and without some available policy discounts. The information is based on a male driver, no violations or claims, North Carolina state minimum liability limits, comprehensive and collision coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, claim-free, multi-car, marriage, safe-driver, and multi-policy discounts applied.

Popular insurance companies and their possible discounts are outlined below.

• American Family may have discounts that include early bird, good driver, mySafetyValet, good student, multi-vehicle, and defensive driver.
• State Farm offers discounts including passive restraint, good driver, multiple autos, safe vehicle, and student away at school.
• 21st Century may offer discounts for anti-lock brakes, automatic seat belts, homeowners, teen driver, student driver, and air bags.
• Travelers includes discounts for save driver, continuous insurance, home ownership, hybrid/electric vehicle, student away at school, and payment discounts.
• GEICO has discounts for defensive driver, air bags, military active duty, federal employee, and anti-theft.

When getting a coverage quote, ask all companies you are considering which discounts you may be entitled to. Discounts may not apply to policyholders in your area. To view insurers that offer many of these discounts in Greensboro, click here.

How to find a good North Carolina auto insurance company

Selecting the right auto insurance provider can be difficult considering how many companies there are to choose from in Greensboro. The rank data shown below may help you pick which auto insurance companies you want to consider putting your business with.

Top 10 Greensboro Car Insurance Companies Ranked by Value

1. Travelers
2. American Family
3. AAA Insurance
4. Safeco Insurance
5. Progressive
6. The Hartford
7. The General
8. 21st Century
9. Esurance
10. Titan Insurance

Top 10 Greensboro Car Insurance Companies by A.M. Best Rank

1. Travelers – A++
2. USAA – A++
3. GEICO – A++
4. State Farm – A++
5. Titan Insurance – A+
6. Esurance – A+
7. Progressive – A+
8. Nationwide – A+
9. The Hartford – A+
10. Allstate – A+

A conclusion for your auto insurance search

You just read some good ideas how you can compare GMC Sierra 2500HD insurance premium rates in Greensboro. The key thing to remember is the more companies you get prices for, the more likely it is that you will get a better rate. You may even find the most savings is with some of the lesser-known companies. These companies can often provide lower prices in certain areas as compared to the big name companies such as State Farm or Progressive.

As you prepare to switch companies, never skimp on critical coverages to save a buck or two. There are a lot of situations where consumers will sacrifice uninsured motorist or liability limits only to regret at claim time they didn’t purchase enough coverage. Your objective should be to find the BEST coverage at the best price, not the least amount of coverage.

Other articles

• Understanding Limits and Deductibles (Allstate)
• Who Has Cheap Greensboro Car Insurance Quotes for Drivers Over Age 50? (FAQ)
• Who Has Cheap Auto Insurance for a Hyundai Sonata in Greensboro? (FAQ)
• Who Has the Cheapest Auto Insurance for a Honda CR-V in Greensboro? (FAQ)
• How Much are Car Insurance Quotes for Infrequent Drivers in Greensboro? (FAQ)
• Who Has Cheap Car Insurance Rates for Drivers Requiring a SR22 in Greensboro? (FAQ)
• Should I Purchase an Umbrella Liability Policy? (Insurance Information Institute)
• Alcohol Impaired Driving FAQ (iihs.org)