Buying cheaper auto insurance for a GMC Sierra can be really easy, but it depends on an enormous amount of factors such as annual vehicle mileage, your address, and if you have a history of accidents. Colorado drivers will pay on average $1,406 per year to insure their Sierra, but that amount is an estimate calculated using a 40-year-old single male driver with full comprehensive and collision coverage and $250 deductibles.
When making auto insurance estimates, the issue arises that you aren’t exactly 40 years old or even a male, married instead of single, and you might want liability-only or different deductibles. Having even a minor difference in the rating criteria used to formulate rates could end up in a significant change in rates.
The different assumptions illustrate why the only real way to find cheap insurance prices for your GMC is to do your own rate comparisons.
The trim level of your vehicle has an effect on the cost of insurance, so the price to insure a Sierra SLE Regular Cab 2WD trim level will cost $256 less than the cost to insure the higher-priced Sierra Denali Crew Cab 4WD version, as demonstrated by the prices below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Sierra SLE Regular Cab 2WD||$266||$526||$426||$26||$128||$1,372||$114|
|Sierra SL Extended Cab 2WD||$266||$526||$426||$26||$128||$1,372||$114|
|Sierra SLE Crew Cab 2WD||$266||$526||$426||$26||$128||$1,372||$114|
|Sierra SL Crew Cab 2WD||$300||$620||$426||$26||$128||$1,500||$125|
|Sierra SLE Crew Cab 2WD||$300||$620||$426||$26||$128||$1,500||$125|
|Sierra SLE Regular Cab 4WD||$300||$620||$426||$26||$128||$1,500||$125|
|Sierra SLE Extended Cab 4WD||$300||$620||$426||$26||$128||$1,500||$125|
|Sierra SLE Crew Cab 4WD||$300||$620||$426||$26||$128||$1,500||$125|
|Sierra SLT Extended Cab 2WD||$300||$620||$426||$26||$128||$1,500||$125|
|Sierra SL Crew Cab 4WD||$300||$620||$426||$26||$128||$1,500||$125|
|Sierra SLT Extended Cab 4WD||$300||$620||$426||$26||$128||$1,500||$125|
|Sierra SLT Crew Cab 2WD||$300||$620||$426||$26||$128||$1,500||$125|
|Sierra SLT Crew Cab 4WD||$334||$714||$426||$26||$128||$1,628||$136|
|Sierra Denali Crew Cab 2WD||$334||$714||$426||$26||$128||$1,628||$136|
|Sierra Denali Crew Cab 4WD||$334||$714||$426||$26||$128||$1,628||$136|
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Prices above based on single male driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Colorado minimum liability limits. Discounts applied include multi-vehicle, homeowner, multi-policy, claim-free, and safe-driver. Premium amounts do not factor in specific location information which can alter premiums noticeably.
What is the best insurance company in Colorado?
Finding a highly-rated company can be challenging considering how many choices you have in Colorado. The ranking data in the lists below could help you select which auto insurance companies to look at when insurance shopping for a GMC Sierra.
The rankings below are only comprised of large, nationwide insurance companies, so companies with more of a regional focus are not factored into the list. To check prices from these top insurers and more, just click here.
Top 10 Large Auto Insurance Providers in Aurora Ranked by Customer Satisfaction
- Titan Insurance – 95%
- USAA – 94%
- AAA Insurance – 91%
- Nationwide – 90%
- State Farm – 90%
- The Hartford – 89%
- GEICO – 89%
- Allstate – 88%
- 21st Century – 88%
- The General – 88%
The diagram below highlights how deductible selection can increase or decrease premium costs when getting quotes for cheap insurance for a GMC Sierra. The premiums are based on a single male driver, full physical damage coverage, and no discounts are taken into consideration.
As shown above, a 30-year-old driver could save $452 a year by switching from a $100 deductible up to a $500 deductible, or save $682 by selecting a $1,000 deductible. Younger drivers, such as the 20-year-old chart data, could drop their prices $1,332 each year by choosing a larger deductible amount.
When raising deductibles, it will be important to have plenty of discretionary funds to enable you to pay the extra out-of-pocket expense that comes with higher deductibles.
Does it make sense to buy full coverage?
Lowering the price of insurance should be important to most drivers, and one easy way to lower the cost of insurance for a GMC Sierra is to only pay for liability coverage. The information below shows the comparison of annual premium costs when comparing full coverage to liability only. The prices are based on no claims or driving violations, $250 deductibles, drivers are not married, and no discounts are factored in.
As an overall average, physical damage coverage costs an extra $2,574 per year over liability only. Lot’s of drivers question if paying for full coverage is a waste of money. There isn’t a steadfast formula to delete physical damage coverage, but there is a guideline you can consider. If the yearly cost of comp and collision coverage is more than around 10% of the settlement you would receive from your company, then it might be time to consider dropping full coverage.
For example, let’s assume your vehicle’s replacement value is $5,000 and you have $1,000 full coverage deductibles. If your vehicle is destroyed, you would only receive $4,000 after the policy deductible has been paid. If you are paying in excess of $400 annually for full coverage, then you may need to consider dropping full coverage.
There are some situations where eliminating full coverage is not a good plan. If you still owe a portion of the original loan, you have to maintain full coverage as part of the loan conditions. Also, if you don’t have enough money to buy a different vehicle if your current one is totaled, you should keep full coverage in place.
You are probably paying too much for Sierra insurance
Aurora insurance rates are determined by lots of factors which can substantially decrease or increase the price you have to pay for coverage. Simply getting older, moving to a new city, or getting a reckless driving citation can trigger price changes that can cause some rates to be more affordable than the competition. Not only may your risk profile change, but insurers amend pricing without warning in order to remain profitable. Higher than normal claim frequency or severity may cause rate hikes, while a profitable period can cause cheaper Sierra insurance rates.
As an example, the bar chart below shows the companies that have the cheapest car insurance in Aurora, CO for a 40-year-old male driver with no prior accidents, a clean driving record, and excellent credit. If we estimate rates based on his current risk factors, The Hartford offers the best car insurance rates in Aurora at $1,100 annually. This is $478 less than the average premium paid by Colorado drivers of $1,578. Grange, USAA, Nationwide, and Auto-Owners round out the rest of the cheapest Aurora, CO auto insurance companies.
In this next rate comparison, we will give the driver in the first chart an at-fault accident, less-than-perfect credit, and an imperfect driving record. Since each auto insurance company has their own process to set policy rates, comparing insurance quotes could result in a slightly different list of the cheapest car insurance companies in Aurora as shown below.
GEICO now has the cheapest rate in Aurora with State Farm, American Family, Grange, and USAA also having competitive pricing. This demonstrates why it is important to shop around with many companies to get the most economical insurance quotes for a GMC Sierra.
Auto insurance prices can be altered by many different factors and can change without notice, so the cheapest company the last time you shopped your coverage around may now be one of the more expensive options.
Tips to find economical car insurance for a GMC Sierra
It’s not impossible to find cheaper rates, and here are some money-saving solutions that can help drivers get cheap auto insurance.
- Avoid filing small claims
- Safe vehicles generally have lower rates
- Good credit can help you save money
- Higher deductibles mean lower rates
- Save money by only buying liability coverage for older vehicles
- Buying home and auto insurance together can earn discounts
- Shop around for cheaper rates regularly
That final tip is remarkably necessary, as we pointed out in the article above. Prices charged by car insurance companies fluctuate constantly, so drivers shouldn’t be resistant to change insurance companies if you can find a cheaper rate.
Having a favorite company is fine, but we do not recommend it if that devotion results in you overpaying lots of money. In just a few minutes you could compare prices to find cheaper auto insurance for a GMC Sierra in Aurora.