Find Affordable GMC Sierra 3500HD Insurance in Greensboro

Want to learn the secrets to finding more competitive GMC Sierra 3500HD insurance in Greensboro? Are you burned out from being strong-armed each month for car insurance? Your situation is no different than millions of other consumers.

It’s hard to fathom, but most drivers in North Carolina kept buying from the same company for a minimum of four years, and 38% of drivers have never compared car insurance rates at all. With the average premium in America being $1,847, drivers can save $859 each year, but they won’t spend time to compare rate quotes.

Popular companies such as GEICO, Progressive and Allstate promote their brand names with ads and it is difficult to not get sucked in by the cute commercials and do the work needed to find the best deal.

Smart consumers take time to get comparison quotes at least once a year since insurance rates trend upward over time. If you had the best premium rates on GMC Sierra 3500HD insurance in Greensboro a few years ago there is a good chance you can find better prices now. Forget all the misinformation about car insurance because you’re going to get a crash course in the things you must know in order to find better rates and still maintain coverage.

Just remember that comparing more rates from different companies will enable you to find the best rates.

The providers in the list below provide price quotes in North Carolina. If your goal is to find cheap car insurance in Greensboro, we recommend you visit two to three different companies in order to find the most competitive rates.

Rates and data analysis

The price information shown next showcases detailed analysis of insurance coverage prices for GMC Sierra 3500HD models. Having insight into how policy premiums are figured can be of help when making decisions on which insurance to purchase.

Data variables include married female driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and North Carolina minimum liability limits. Discounts applied include claim-free, multi-policy, multi-vehicle, homeowner, and safe-driver. Premium costs do not factor in zip code location which can influence insurance rates significantly.

Policy deductibles

One common question asked by Greensboro drivers is how high or low should comp and collision deductibles be. The tables below may help you to understand the rate fluctuation of buying low and high deductibles. The first set of prices uses a $250 deductible and the second pricing table uses a $1,000 deductible.

Premium 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, safe-driver, multi-policy, multi-vehicle, and homeowner. Price information does not factor in specific location which can raise or lower coverage prices substantially.

Based on this data, we can arrive at the conclusion that using a $250 deductible will cost you roughly $23 more each month or $276 each year across all GMC Sierra 3500HD models than choosing the higher $1,000 deductible. Since the policyholder would be required to pay $750 more to file a claim with a $1,000 deductible as compared to a $250 deductible, if you normally average at least 33 months between claim filings, you would probably save some money by selecting a higher deductible.

Cautious drivers save money

The illustration below highlights how traffic violations and at-fault claims can drive up GMC Sierra 3500HD car insurance costs for different age groups. The costs are based on a single male driver, comprehensive and collision coverage, $1,000 deductibles, and no additional discounts are factored in.

GMC Sierra 3500HD liability-only versus full coverage

The diagram below shows the difference between GMC Sierra 3500HD premium costs when comparing full coverage to state minimum liability only. The prices are based on no claims, a clean driving record, $1,000 deductibles, marital status is single, and no discounts are applied to the premium.

Are you wasting money on full coverage?

There is no set guideline for phasing out comprehensive and collision coverage on your policy, but there is a broad guideline. If the annual cost of having full coverage is more than 10% of the replacement cost of your vehicle minus the policy deductible, then you may need to consider dropping full coverage.

For example, let’s assume your GMC Sierra 3500HD book value is $6,000 and you have $1,000 deductibles. If your vehicle is totaled, the most you would get paid by your company is $5,000 after paying your deductible. If premiums are more than $500 annually to have full coverage, then you might want to think about dropping full coverage.

There are some scenarios where dropping physical damage coverage is not in your best interest. If you haven’t paid off your loan, you have to maintain full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is in an accident, you should not remove full coverage.

Affordable GMC Sierra 3500HD insurance in Greensboro

Companies that sell car insurance do not advertise all possible discounts in an easy-to-find place, so below is a list a few of the more common and the harder-to-find credits available to bring down your rates.

• Own a Home and Save – Owning a home in Greensboro can earn you a little savings since home ownership shows financial diligence.
• Paperless Signup – Certain auto insurance companies will give a small break get Greensboro car insurance on the internet.
• Seat Belts Save more than Lives – Drivers who require all vehicle occupants to buckle up can save up to 10 percent (depending on the company) off the PIP or medical payment premium.
• Theft Deterrent Discount – Vehicles that have factory anti-theft systems help deter theft and will qualify for a discount on a Greensboro car insurance quote.
• Savings for New Vehicles – Insuring a vehicle that is new can get you a discount due to better safety requirements for new vehicles.
• Low Miles Discount – Driving less may allow you to get cheaper rates.
• Good Grades Discount – Maintaining excellent grades can get you a discount of up to 25%. Many companies even apply the discount to college students up until you turn 25.
• Passive Restraints – Factory options such as air bags or automatic seat belts may earn rate discounts of up to 25% or more.

Don’t be surprised that some credits don’t apply to the entire cost. Some only apply to the cost of specific coverages such as liability, collision or medical payments. If you do the math and it seems like adding up those discounts means a free policy, that’s just not realistic.

The chart below shows the comparison of GMC Sierra 3500HD insurance costs with and without discounts applied to the policy rates. The information is based on a female driver, no claims or violations, North Carolina state minimum liability limits, full physical damage coverage, and $100 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, marriage, homeowner, and claim-free discounts applied.

To locate companies that have a full spectrum of discounts in North Carolina, click here.

Why you need insurance for your vehicle

Despite the high insurance cost for a GMC Sierra 3500HD in Greensboro, buying insurance serves an important purpose.

• Almost all states have minimum liability requirements which means state laws require a specific level of liability insurance if you drive a vehicle. In North Carolina these limits are 30/60/25 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
• If you took out a loan on your Sierra 3500HD, it’s most likely the lender will have a requirement that you have comprehensive coverage to guarantee loan repayment. If the policy lapses, the bank or lender will purchase a policy for your GMC for a lot more money and require you to fork over for the expensive policy.
• Insurance protects not only your GMC but also your financial assets. It will also pay for hospital and medical expenses that are the result of an accident. Liability insurance will also pay for a defense attorney if someone files suit against you as the result of an accident. If you have damage to your GMC as the result of the weather or an accident, collision and comprehensive (also known as other-than-collision) coverage will cover the repair costs.

The benefits of carrying enough insurance definitely exceed the price paid, particularly for liability claims. Unknowingly, the average driver is currently overpaying as much as $825 a year so it’s important to compare rates at least once a year to make sure the price is not too high.

What is the best car insurance company in North Carolina?

Selecting the right car insurance provider is difficult considering how many companies provide coverage in Greensboro. The ranking data in the lists below can help you choose which insurers you want to consider when comparing rates.

Top 10 Greensboro Car Insurance Companies Overall

1. Travelers
2. USAA
3. AAA Insurance
4. Nationwide
5. Allstate
6. State Farm
7. The Hartford
8. Safeco Insurance
9. Progressive
10. American Family

Top 10 Greensboro Car Insurance Companies Ranked by Customer Satisfaction

1. USAA – 91%
2. AAA Insurance – 90%
3. Esurance – 90%
4. Nationwide – 89%
5. Travelers – 88%
6. Progressive – 88%
7. Safeco Insurance – 88%
8. State Farm – 88%
9. Allstate – 88%
10. The Hartford – 87%

Local Greensboro car insurance agents and auto insurance

Many drivers just want to buy from a local agent and that is not a bad decision A good thing about comparing rates online is that you can find the best rates but also keep your business local.

Once you complete this simple form, your insurance coverage information gets sent to participating agents in Greensboro who will give you quotes for your auto insurance coverage. There is no need to find an agent since rate quotes are delivered to the email address you provide. You’ll get the best rates and an insurance agent to talk to. In the event you want to get a price quote from a specific company, don’t hesitate to go to their quote page and give them your coverage information.

Finding the right insurer needs to be determined by more than just the premium amount. Agents should be asked these questions:

• Are they able to influence company decisions when a claim is filed?
• How many companies do they write for?
• Do you need full coverage on every vehicle?
• How does the company pay claims for a total loss?
• Does the agency provide any after hours assistance?
• Does the company use OEM repair parts?
• How long has the business existed?
• What insurance company do they write the most business with?