How to Save on Long Beach GMC Canyon Insurance

How long has it been since the last time you looked for the cheapest auto insurance rates in Long Beach, CA? Long Beach shoppers have lots of choices when shopping for the best price on GMC Canyon insurance. They can either spend hours calling around to compare prices or save time using the internet to get rate quotes. There is a right way and a wrong way to buy auto insurance and we’ll show you the proper way to get price quotes for a GMC and locate the lowest price.

Finding a better price on auto insurance is surprisingly easy. Drivers just need to spend a little time to compare rate quotes online with multiple companies.

The car insurance companies shown below are our best choices to provide comparison quotes in Long Beach, CA. If you want the cheapest car insurance in Long Beach, CA, we suggest you get prices from several of them to find the most competitive car insurance rates.

GMC Canyon coverage statistics

The table shown below showcases a range of insurance premium costs for GMC Canyon models. Learning how policy premiums are established can assist in making informed coverage decisions.

Data rating is based on single female driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and California minimum liability limits. Discounts applied include claim-free, multi-vehicle, homeowner, safe-driver, and multi-policy. Premium costs do not factor in specific location which can change premium rates considerably.

Analysis of deductible levels

When comparing auto insurance rates, the most common question is the level to set your comp and collision deductibles. The comparison tables below may aid in understanding how much more you’ll pay when you buy lower versus higher physical damage deductibles. The first rate estimation uses a $100 deductible and the second data table uses a $500 deductible.

Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and California minimum liability limits. Discounts applied include homeowner, multi-vehicle, multi-policy, safe-driver, and claim-free. Price information does not factor in the specific area where the vehicle is garaged which can raise or lower auto insurance rates significantly.

Based on these figures, using a $100 deductible costs roughly $29 more each month or $348 every year than choosing the higher $500 deductible. Since you would have to pay $400 more to file a claim with a $500 deductible as compared to a $100 deductible, if you have more than 14 months between claims, you would more than likely save some money by going with a higher deductible.

Responsible drivers pay cheaper auto insurance rates

The information below demonstrates how traffic citations and at-fault claims raise GMC Canyon insurance costs for different insured age categories. The premium estimates are based on a married male driver, full physical damage coverage, $500 deductibles, and no additional discounts are factored in.

Full coverage rates compared to liability-only

The information below shows the comparison of GMC Canyon car insurance rates when comparing full coverage to liability only. The data is based on no claims or violations, $1,000 deductibles, drivers are not married, and no discounts are factored in.

When to switch to liability coverage only

There is no clear-cut rule that works best for making the decision to drop physical damage coverage on your policy, but there is a general guideline. If the yearly cost of comp and collision coverage is more than around 10% of the replacement cost minus the deductible, the it may be a good time to stop paying for full coverage.

For example, let’s assume your GMC Canyon replacement value is $6,000 and you have $1,000 policy deductibles. If your vehicle is damaged in an accident, the most your company will settle for is $5,000 after paying your deductible. If you are paying over $500 annually for your policy with full coverage, then you may need to consider dropping full coverage.

There are some conditions where dropping physical damage coverage is not advised. If you haven’t satisfied your loan, you have to maintain full coverage in order to satisfy the requirements of the loan. Also, if you don’t have enough money to buy a different vehicle if your current one is totaled, you should not eliminate full coverage.

Auto insurance in California serves several purposes

Despite the high cost, paying for auto insurance is required for several reasons.

• Just about all states have minimum liability requirements which means you are required to buy specific limits of liability insurance if you want to drive legally. In California these limits are 15/30/5 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $5,000 of property damage coverage.
• If you took out a loan on your GMC, almost all lenders will require you to have physical damage coverage to guarantee payment of the loan. If coverage lapses or is canceled, the bank may insure your GMC at a much higher premium rate and require you to fork over the higher price.
• Auto insurance protects not only your GMC Canyon but also your assets. It will also reimburse you for hospital and medical expenses for you, your passengers, and anyone else injured in an accident. Liability coverage will also pay to defend you if you cause an accident and are sued. If your GMC gets damaged, comprehensive and/or collision insurance will pay all costs to repair after the deductible has been paid.

The benefits of having auto insurance are definitely more than the cost, particularly if you ever have a claim. In a recent study of 1,000 drivers, the average customer is currently overpaying as much as $855 a year so compare quotes from several companies at every renewal to ensure rates are competitive.

Auto insurance coverage specifics

Understanding the coverages of auto insurance helps when choosing the right coverages and the correct deductibles and limits. Policy terminology can be ambiguous and coverage can change by endorsement. Listed below are the normal coverages found on most auto insurance policies.

Protection from uninsured/underinsured drivers

This protects you and your vehicle’s occupants from other drivers when they either have no liability insurance or not enough. This coverage pays for hospital bills for your injuries and also any damage incurred to your GMC Canyon.

Due to the fact that many California drivers carry very low liability coverage limits (15/30/5 in California), their limits can quickly be used up. So UM/UIM coverage is very important.

Auto liability

Liability coverage can cover damages or injuries you inflict on people or other property in an accident. This insurance protects YOU against claims from other people, and doesn’t cover damage to your own property or vehicle.

Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show values of 15/30/5 that means you have $15,000 bodily injury coverage, a per accident bodily injury limit of $30,000, and a total limit of $5,000 for damage to vehicles and property.

Liability insurance covers claims such as repair costs for stationary objects, attorney fees, court costs and bail bonds. The amount of liability coverage you purchase is up to you, but consider buying as much as you can afford. California state law requires minimum liability limits of 15/30/5 but you should think about purchasing more coverage.

The chart below shows why buying minimum limits may not be high enough to adequately cover claims.

Medical expense insurance

Coverage for medical payments and/or PIP reimburse you for expenses like X-ray expenses, rehabilitation expenses and dental work. They can be used to fill the gap from your health insurance plan or if you do not have health coverage. They cover not only the driver but also the vehicle occupants and will also cover getting struck while a pedestrian. PIP coverage is not an option in every state and may carry a deductible

Auto collision coverage

This will pay to fix damage to your Canyon caused by collision with an object or car. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision coverage pays for things such as colliding with another moving vehicle, sideswiping another vehicle, hitting a parking meter and backing into a parked car. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from older vehicles. It’s also possible to increase the deductible on your Canyon in order to get cheaper collision rates.

Comprehensive (Other than Collision)

This coverage pays for damage caused by mother nature, theft, vandalism and other events. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against things like falling objects, vandalism and hitting a bird. The most you can receive from a comprehensive claim is the actual cash value, so if the vehicle is not worth much consider removing comprehensive coverage.