Buying the best cheap auto insurance for a GMC Sierra in North Carolina is dependent upon a fairly complex equation with a lot of factors such as how far you drive to work, if you have a tendency to file claims, and physical damage deductibles. North Carolina drivers pay on average $844 each year for Sierra insurance, but that figure is a projection calculated based on a 30-year-old single female driver with full physical damage coverage and $1,000 deductibles.
But there is a high probability that you’re not a 30-year-old female, possibly married instead of single, or maybe you live in a different area as the quoted rates. Even a slight change in rating variables may result in significant differences in how much insurance for a GMC Sierra costs.
Each driver’s needs are different, and that demonstrates why the only real way to find affordable rates for your GMC is to compare as many rates as possible.
The specific trim level will likely have an effect on the insurance rate, so the price you will be charged to insure a Sierra SLE Regular Cab 2WD model will be $124 cheaper than the cost to insure the more expensive Sierra Denali Crew Cab 4WD model, as shown in the prices below.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Sierra SLE Regular Cab 2WD | $132 | $250 | $336 | $20 | $100 | $838 | $70 |
| Sierra SL Extended Cab 2WD | $132 | $250 | $336 | $20 | $100 | $838 | $70 |
| Sierra SLE Crew Cab 2WD | $132 | $250 | $336 | $20 | $100 | $838 | $70 |
| Sierra SL Crew Cab 2WD | $148 | $296 | $336 | $20 | $100 | $900 | $75 |
| Sierra SLE Crew Cab 2WD | $148 | $296 | $336 | $20 | $100 | $900 | $75 |
| Sierra SLE Regular Cab 4WD | $148 | $296 | $336 | $20 | $100 | $900 | $75 |
| Sierra SLE Extended Cab 4WD | $148 | $296 | $336 | $20 | $100 | $900 | $75 |
| Sierra SLE Crew Cab 4WD | $148 | $296 | $336 | $20 | $100 | $900 | $75 |
| Sierra SLT Extended Cab 2WD | $148 | $296 | $336 | $20 | $100 | $900 | $75 |
| Sierra SL Crew Cab 4WD | $148 | $296 | $336 | $20 | $100 | $900 | $75 |
| Sierra SLT Extended Cab 4WD | $148 | $296 | $336 | $20 | $100 | $900 | $75 |
| Sierra SLT Crew Cab 2WD | $148 | $296 | $336 | $20 | $100 | $900 | $75 |
| Sierra SLT Crew Cab 4WD | $166 | $340 | $336 | $20 | $100 | $962 | $80 |
| Sierra Denali Crew Cab 2WD | $166 | $340 | $336 | $20 | $100 | $962 | $80 |
| Sierra Denali Crew Cab 4WD | $166 | $340 | $336 | $20 | $100 | $962 | $80 |
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Cost estimates assume single female driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and North Carolina minimum liability limits. Discounts applied include claim-free, multi-policy, safe-driver, multi-vehicle, and homeowner. Price information does not factor in zip code location which can increase or decrease insurance rates greatly.
Finding out which company has the cheapest auto insurance rates for a GMC Sierra will require a little more effort in order to find the best price.
Each auto insurance company uses a little different formula for setting prices, so we’ll take a look at the auto insurance companies with the most affordable rates in Greensboro, NC. It’s important to know that Greensboro, NC auto insurance rates are calculated based on many things which can substantially decrease or increase the policy price. Simply having a birthday, moving to a new city, or getting a driving violation may cause policy rate changes that can now make some companies affordable when they were higher priced.
Find the Cheapest Auto Insurance for Your Truck
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Progressive | $658 |
| 2 | Utica National | $662 |
| 3 | NC Farm Bureau | $709 |
| 4 | Penn National | $725 |
| 5 | Liberty Mutual | $728 |
| 6 | Titan | $737 |
| 7 | GEICO | $750 |
| 8 | State Farm | $779 |
| 9 | Auto-Owners | $878 |
| 10 | Travelers | $900 |
| 11 | National General | $908 |
| 12 | Allied | $928 |
| 13 | Erie | $931 |
| 14 | Peerless | $1,002 |
| 15 | MetLife | $1,007 |
| 16 | Nationwide | $1,011 |
| 17 | Unitrin | $1,012 |
| 18 | Safeco | $1,034 |
| 19 | Allstate | $1,054 |
| 20 | Encompass | $1,063 |
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Progressive may have some of the lowest car insurance rates in Greensboro at around $658 per year. This is $214 less than the average policy premium paid by North Carolina drivers of $872. Utica National, NC Farm Bureau, Penn National, and Liberty Mutual are also some of the cheapest Greensboro, NC car insurance companies.
In the rate table above, if you are a customer of Liberty Mutual and switched to Utica National, you could earn annual savings of roughly $66. North Carolina drivers with Titan could save as much as $75 a year, and GEICO insureds might lower prices by $88 a year.
Be aware that those premiums are averaged across all drivers and vehicles in North Carolina and are not factoring in a vehicle location for a GMC Sierra. So the auto insurance company that is best suited for you may not even be in the top 20 companies shown above. That point stresses why you need to get auto insurance quotes using your own driver data and vehicle information.
Difference between full coverage and liability only rates
Reducing the cost of auto insurance is the goal of the majority of drivers, and an effective way to find cheaper insurance for a GMC Sierra is to buy liability only. The information below illustrates the difference between auto insurance rates with full physical damage coverage compared to only buying the minimum liability limits required in North Carolina. The rates are based on no tickets, no at-fault accidents, $250 deductibles, marital status is single, and no discounts are taken into consideration.
As an average for all age groups, full coverage costs $1,695 per year more than insuring for liability only. That is a large expense and it proposes the question when is it safe to stop buying full coverage. There is no written rule of when to drop physical damage coverage on your policy, but there is a guideline you can consider. If the annual cost of coverage is 10% or more of the replacement cost of your vehicle minus the policy deductible, then it might be time to buy liability only.
There are some circumstances where buying only liability insurance is not financially feasible. If you have an outstanding loan on your vehicle, you are required to maintain full coverage in order to keep the loan. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is totaled, you should keep full coverage on your policy.
How to get discounts on Greensboro car insurance rates
Insurance companies that sell policies for a GMC Sierra may have special discounts that could lower prices by as much as 35% if you are eligible. Larger auto insurance companies and some of the premium reductions they offer are:
- The Hartford offers discounts for defensive driver, bundle, good student, vehicle fuel type, and air bag.
- American Family discounts include accident-free, good student, early bird, multi-vehicle, bundled insurance, and TimeAway discount.
- Progressive may include discounts for online quote discount, good student, homeowner, multi-vehicle, multi-policy, online signing, and continuous coverage.
- Travelers may have discounts that include home ownership, save driver, driver training, student away at school, and hybrid/electric vehicle.
- Farmers Insurance has discounts for distant student, multi-car, electronic funds transfer, youthful driver, and mature driver.
- USAA may offer discounts for defensive driver, driver training, multi-vehicle, good student, family discount, and multi-policy.
- Liberty Mutual offers discounts including exclusive group savings, good student, new move discount, hybrid vehicle, multi-policy, multi-car, and newly married.
The example below illustrates the difference between auto insurance costs with and without policy discounts. The costs are based on a female driver, no claims or driving citations, North Carolina state minimum liability limits, comprehensive and collision coverage, and $250 deductibles.
The first bar for each age group shows insurance cost with no discounts. The second bar shows the rates with vehicle safety, passive restraint, safe-driver, homeowner, accident-free, and anti-theft discounts applied. When discounts are applied, theaverage yearly reduction on auto insurance for a GMC Sierra is 28% or $442.
The example below illustrates how choosing a deductible can impact insurance prices when trying to find cheap insurance for a GMC Sierra. The costs are based on a single female driver, full coverage, and no discounts are taken into consideration.
In the chart above, a 40-year-old driver could lower rates by $236 a year by switching their comprehensive and collision coverages from a $100 deductible to a $500 deductible, or save $356 by using a $1,000 deductible. Youthful drivers, such as the Age 20 example, have the ability to save up to $602 every year just by choosing higher deductibles when buying full coverage.
When choosing a higher deductible, it will be important to have enough savings set aside to enable you to pay the extra out-of-pocket expense, which deters some people from using high deductibles.