Save Money on GMC Canyon Insurance in Irvine

Anyone knows that insurance companies don’t want their policyholders to compare prices. People who shop for lower rates are inclined to switch to a new company because there is a good chance of finding better rates. A study showed that drivers who regularly compared rates saved over $865 a year compared to people who never compared rates.

If saving the most money on auto insurance is your goal, then learning about the best ways to find and compare coverage rates can help simplify the process.

To save the most money, the best way to save money on GMC Canyon insurance is to compare prices at least once a year from providers in Irvine. Prices can be compared by completing these steps.

Step 1: Get an understanding of auto insurance and the changes you can make to keep rates in check. Many rating factors that result in higher rates like getting speeding tickets and a not-so-good credit rating can be improved by making lifestyle changes or driving safer.

Step 2: Request price quotes from direct carriers, independent agents, and exclusive agents. Exclusive agents and direct companies can provide rates from one company like GEICO or Allstate, while agents who are independent can provide price quotes for a wide range of insurance providers. View prices

Step 3: Compare the new rate quotes to your current policy and determine if there is any savings. If you can save money, verify that coverage does not lapse between policies.

Step 4: Notify your agent or company of your decision to cancel your current car insurance policy and submit a down payment along with a signed application for the new policy. As soon as you have the new policy, place the new certificate verifying proof of insurance with your registration paperwork.

A crucial key to this process is to make sure you enter the same liability limits and deductibles on each quote request and to quote with as many companies as feasibly possible. This provides a fair price comparison and and a good selection of different prices.

Locating the best rates in Irvine is quite easy. Essentially everyone who comparison shops for insurance stands a good chance to get better rates. But California car owners should learn the way insurance companies price online insurance and take advantage of how the system works.

It’s important to know that more quotes helps you find better pricing. Some smaller insurers do not give price estimates online, so you need to compare price estimates from them as well.

The companies shown below are ready to provide comparison quotes in California. If you want cheaper auto insurance in Irvine, we recommend you compare several of them in order to find the lowest rates.

Get discounts to get affordable Irvine auto insurance quotes

Companies that sell car insurance do not advertise all discounts in an easy-to-find place, so the following is a list of some of the more common and also the more inconspicuous ways to save on auto insurance.

• Multiple Vehicles – Buying insurance for multiple cars on a single policy could earn a price break for each car.
• Braking Control Discount – Cars and trucks that have steering control and anti-lock brakes can reduce accidents and qualify for as much as a 10% discount.
• Federal Government Employee – Active or retired federal employment can save as much as 8% with certain companies.
• Cautious Drivers – Drivers who don’t get into accidents can get discounts for up to 45% lower rates compared to rates paid by drivers with frequent claims.
• Telematics Data Discounts – Insureds who allow driving data collection to look at vehicle usage through the use of a telematics system such as State Farm’s In-Drive might get better premium rates as long as the data is positive.
• E-sign – Some insurance companies provide a small discount for signing up on your computer.

As is typical with insurance, many deductions do not apply to the entire cost. Most cut specific coverage prices like physical damage coverage or medical payments. Just because you may think having all the discounts means you get insurance for free, companies don’t profit that way.

The chart below illustrates the comparison of GMC Canyon auto insurance costs with and without policy discounts. The rates are based on a male driver, a clean driving record, no claims, California state minimum liability limits, comp and collision included, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, safe-driver, multi-car, claim-free, marriage, and homeowner discounts applied.

Car insurance companies that have some of the above discounts include:

• State Farm
• Progressive
• Travelers
• American Family
• Liberty Mutual

Before buying, ask each company which discounts can lower your rates. Discounts may not apply in every state. If you would like to choose from a list of companies who offer online GMC Canyon insurance quotes in California, click this link.

Rates and data analysis

The premium information displayed next covers estimates of coverage costs for GMC Canyon models. Being able to understand how insurance quotes are formulated can help customers make decisions when shopping your coverage around.

Data variables include single male driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and California minimum liability limits. Discounts applied include multi-vehicle, multi-policy, claim-free, homeowner, and safe-driver. Rates do not factor in specific location which can influence price quotes considerably.

Insurance deductibles

One of the most common insurance questions is the level to set your comp and collision deductibles. The comparison tables below determine the rate difference of buying low and high physical damage deductibles. The first rate table uses a $100 deductible for comp and collision and the second rate chart uses a $1,000 deductible.

Premium data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and California minimum liability limits. Discounts applied include homeowner, safe-driver, multi-vehicle, claim-free, and multi-policy. Rate quotes do not factor in the specific area where the vehicle is garaged which can influence coverage rates greatly.

Based on this data, we can arrive at the conclusion that using a $100 deductible will cost you about $43 more each month or $516 annually than buying the higher $1,000 deductible. Due to the fact that you would have to pay $900 more to file a claim with a $1,000 deductible as compared to a $100 deductible, if you tend to average more than 21 months between claims, you would come out ahead if you opt for a higher deductible.

Price comparison of only insuring for liability

The diagram below illustrates the comparison of GMC Canyon insurance costs with full physical damage coverage compared to only buying liability only. The prices are based on no accidents, no driving violations, $1,000 deductibles, marital status is single, and no discounts are taken into consideration.

Guidelines for dropping full coverage

There is no clear-cut formula for dropping physical damage insurance, but there is a guideline you can consider. If the yearly cost of comp and collision coverage is more than 10% of the vehicle’s replacement cost less your deductible, then it could be time to drop full coverage.

For example, let’s assume your GMC Canyon replacement cost is $8,000 and you have $1,000 physical damage deductibles. If your vehicle is severely damaged, the most your company would pay you is $7,000 after you pay the deductible. If you are currently paying more than $700 a year for comprehensive and collision coverage, then it’s probably a good time to buy liability coverage only.

There are some situations where only buying liability is not financially feasible. If you haven’t satisfied your loan, you must maintain physical damage coverage to protect the lienholder’s interest in the vehicle. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is totaled, you should keep full coverage in place.

Insurance Premium Influencing Factors

Part of the insurance buying process is learning the different types of things that are used to determine your insurance rates. If you have some idea of what influences your rates, this empowers consumers to make smart changes that can help you get lower rates.

The itemized list below are some of the items used by companies to determine your rates.

Five star crash test rating saves money – Cars with five star safety ratings tend to have better insurance rates. The safest vehicles reduce occupant injuries and any reduction in injury severity translates into savings for insurance companies which can result in lower premiums. If your GMC Canyon scored better than four stars on Safercar.gov it may be receiving lower rates.

Policy add-ons add up – There are many optional add-on coverages you can purchase if you aren’t diligent. Add-on coverages like vanishing deductibles, better glass coverage, and term life insurance may be wasting your money. They may sound like good ideas when talking to your agent, but if they’re wasting money remove them and pocket the money.

Lower rates with alarms and GPS tracking – Choosing a vehicle that has an advanced theft prevention system can save you a little every year. Theft prevention features like tamper alarm systems, vehicle immobilizer technology and General Motors OnStar can thwart your car from being stolen.

Don’t get traffic citations – Attentive drivers receive lower rates than people who have multiple driving citations. Just one ticket could increase your next policy renewal by as much as twenty percent. Drivers who have gotten dangerous tickets such as reckless driving, hit and run or driving under the influence might be required by their state to submit a SR-22 or proof of financial responsibility with their state’s licensing department in order to drive a vehicle legally.

The illustration below shows how violations and at-fault fender-benders can increase GMC Canyon car insurance rates for different insured age categories. Data assumes a married female driver, full coverage, $250 deductibles, and no policy discounts are applied.

What are your coverage deductibles? – Your deductibles tell how much you are willing to pay if the claim is covered. Physical damage protection, also called comprehensive and collision insurance, is used to repair damage to your car. Examples of covered claims would be a windshield broken by a bird, animal collisions, and having a roll-over accident. The more you are required to pay out-of-pocket, the bigger discount you will receive.

Liability limits should be high – The liability coverage on your policy will provide protection in the event that a jury decides you are liable for an accident. It provides you with a defense in court which can be incredibly expensive. Liability is cheap as compared to coverage for physical damage, so drivers should buy more than the minimum limits required by law.

Higher premiums for tough employers – Occupations like real estate brokers, air traffic controllers, and miners generally pay higher premium rates attributed to intense work-related stress and lots of time spent at work. Conversely, jobs like scientists, athletes and retirees pay lower than average rates.

GMC Canyon insurance claim data – Car insurance companies analyze the history of losses when they calculate premium rates for each model. Vehicles that statistically have increased claim numbers or amounts will have higher rates for specific coverages. The information below illustrates the historical insurance loss data for GMC Canyon vehicles.

For each insurance policy coverage type, the statistical loss for all vehicles averaged together is equal to 100. Numbers under 100 suggest losses that are better than average, while values that are above 100 indicate more frequent claims or tendency to have larger claims.

Insurance agent or online?

Some people still prefer to sit down with an agent and doing so can bring peace of mind A good thing about comparing insurance prices online is that you can find cheap insurance rates and still choose a local agent.

After completing this form (opens in new window), your coverage information is emailed to local insurance agents who will give you quotes and help you find cheaper coverage. It simplifies rate comparisons since you won’t have to drive around due to the fact that quote results will go immediately to you. You can find lower rates and work with a local agent. In the event you want to compare rates from a particular provider, you would need to find their quoting web page and fill out the quote form the provide.

Finding the right company should include more criteria than just a cheap quote. You should also get answers to these questions.

• When do they do a full risk review?
• If your car is totaled, how to they determine the replacement cost?
• How much experience to they have in personal lines coverages?
• Do you have coverage for a rental car if your vehicle is in the repair shop?
• Does the agency support the community they serve?
• What insurance companies do they work with in Irvine?
• Do they get paid more for recommending certain coverages?

If you want a reliable insurance agent, you should know the different types of agencies and how they work. Insurance agents can be categorized as either exclusive or independent.

Exclusive Insurance Agencies

These type of agents can only provide one company’s prices like Farmers Insurance or State Farm. Exclusive agencies are unable to compare rates from other companies so they have no alternatives for high prices. Exclusive insurance agents are well trained on sales techniques and that allows them to sell at a higher price point.

Below is a short list of exclusive insurance agents in Irvine willing to provide rate quotes.

More insurance agents

Independent Insurance Agencies

Independent insurance agents do not have single company limitations and that enables them to quote your coverage with lots of companies and get you the best rates possible. If they quote lower rates, an independent agent can move your coverage which requires no work on your part.

When comparison shopping, you should always get quotes from a couple of independent agencies in order to have the best price comparison.

Shown below is a list of independent insurance agencies in Irvine who can help you get rate quotes.

More insurance agents

Situations that may require an agent’s advice

Always remember that when buying the right insurance coverage for your personal vehicles, there isn’t really a single plan that fits everyone. Each situation is unique.

For instance, these questions might point out if your insurance needs would benefit from an agent’s advice.

• What is medical payments coverage?
• Do I need to call my car insurance company before buying a new car?
• I have good health insurance, so how much medical payments coverage do I need?
• Are my tools covered if they get stolen from my vehicle?
• When should I buy a commercial auto policy?
• Why do I need rental car insurance?
• What does roadside assistance cover?
• Why am I required to get a high-risk car insurance policy?

If it’s difficult to answer those questions but a few of them apply, you may need to chat with an insurance agent. If you don’t have a local agent, complete this form.

California car insurance company ratings

Ending up with the right insurance provider is difficult considering how many different insurance companies sell coverage in California. The company rank data in the lists below may help you pick which companies to look at purchasing a policy from.

Top 10 Irvine Car Insurance Companies Ranked by Claims Service

1. AAA of Southern California
2. State Farm
3. Esurance
4. AAA Insurance
5. Progressive
6. Liberty Mutual
7. GEICO
8. Allstate
9. Titan Insurance
10. The Hartford

Top 10 Irvine Car Insurance Companies Ranked by Customer Satisfaction

1. Titan Insurance – 95%
2. USAA – 94%
3. AAA of Southern California – 92%
4. AAA Insurance – 91%
5. Nationwide – 90%
6. State Farm – 90%
7. The Hartford – 89%
8. GEICO – 89%
9. The General – 88%
10. 21st Century – 88%

Quote. Compare. Save.

As you shop your coverage around, you should never reduce needed coverages to save money. In many instances, consumers will sacrifice liability limits or collision coverage only to find out that their decision to reduce coverage ended up costing them more. The ultimate goal is to purchase plenty of coverage at the lowest possible cost, but do not sacrifice coverage to save money.

Insureds change insurance companies for a number of reasons such as high prices, lack of trust in their agent, poor customer service and delays in responding to claim requests. It doesn’t matter why you want to switch finding a new car insurance company can be easy and end up saving you some money.

We just showed you some good ideas how you can shop for GMC Canyon insurance online. The key concept to understand is the more times you quote, the higher your chance of finding inexpensive Irvine car insurance quotes. Drivers may even discover the lowest premium rates are with a lesser-known regional company.

For more information, feel free to visit the resources below:

• Understanding Car Crashes Video (iihs.org)
• Who Has Cheap Irvine Auto Insurance for a Toyota Tundra? (FAQ)
• How Much is Auto Insurance for High Risk Drivers in Irvine? (FAQ)
• Who Has Cheap Car Insurance Quotes for Drivers with Bad Credit in Irvine? (FAQ)
• Who Has Affordable Car Insurance for Real Estate Agents in Irvine? (FAQ)
• Who Has Cheap Irvine Auto Insurance Rates for a Toyota Highlander? (FAQ)
• Who Has Cheap Irvine Auto Insurance for First-time Drivers? (FAQ)
• Five Tips to Save on Auto Insurance (Insurance Information Institute)
• Think You’re a Safe Driver? (State Farm)
• Tread Depth and Tire Safety (State Farm)