Are you tired of trying to find more affordable GMC Sierra insurance in Greensboro? Tired of not being able to scrape enough together to buy auto insurance? You have the same problem as many other North Carolina drivers.
It’s shocking but the majority of drivers kept their coverage with the same auto insurance company for more than four years, and 38% of customers have never compared rates to find affordable insurance. Drivers in the United States can cut their rates by 47% a year by just comparing rate quotes, but most tend to underestimate the amount of savings they would get if they switched to a cheaper policy. Because you have many insurance providers from which to choose, it’s nearly impossible to pick the most cost effective auto insurance company.
You need to get comparison quotes as often as possible because auto insurance prices are usually higher with each renewal. Even if you got the best quotes on GMC Sierra insurance in Greensboro six months ago you can probably find a lower rate today. Forget all the misinformation about auto insurance because you’re about to find out the tricks you need to know to properly buy coverages while reducing your premium.
Finding and buying the best insurance policy in Greensboro is not as hard as you think. If you have coverage now or want to find a cheaper company, use these tips to reduce the price you pay and still get good coverage. Shoppers only have to learn the quickest method to shop their coverage around from many companies at once.
Seven Things That Influence Your Insurance Costs
Multiple criteria are used in the calculation when you quote your car insurance policy. A few of the factors are predictable such as your driving history, but others are less apparent such as whether you are married or your commute time.
The list below includes some of the major factors used by insurance companies to determine your prices.
Eliminate add-on coverages – Insurance companies have many extra bells and whistles that may not really be needed when buying auto insurance. Insurance for personal injury protection, towing, and additional equipment coverage may be costing you every month. The coverages may be enticing initially, but if you have no use for them remove them from your policy.
Cheaper rates after marriage – Being married can get you a discount on your auto insurance policy. Having a spouse usually means you are more responsible it has been statistically shown that married couples file fewer claims.
What are your comp and collision deductibles? – The deductibles tell how much you are willing to pay before your auto insurance pays a claim. Physical damage insurance, aka comp and collision, protects your car from damage. A few examples of covered claims would be a windshield broken by a bird, collision with a deer, and damage from wind. The more of the claim you are required to pay out-of-pocket, the less your company will charge you for insurance.
Liability risk factors – A critical coverage on your policy, liability insurance will afford coverage in the event that you are found to be at fault for damages from an accident. Your liability coverage provides legal defense up to the limits shown on your policy. It is affordable coverage when compared to the cost of physical damage coverage, so drivers should carry high limits.
More miles equals more premium – The more you drive your GMC in a year the more you’ll pay to insure it. Many insurance companies price each vehicle’s coverage based upon how the vehicle is primarily used. Cars not used for work or commuting cost less to insure than those used for commuting. Ask your agent if your auto insurance policy properly reflects the correct usage for each vehicle, because improper ratings can cost you money. Having the wrong rating on your Sierra may be wasting your money.
Pay less with a high IIHS safety rating – Safer cars cost less to insure. Highly rated vehicles have better occupant injury protection and fewer serious injuries means less money paid by your insurance company passed on to you as lower rates. If your GMC Sierra is rated at least an “acceptable” rating on the Insurance Institute for Highway Safety website you are probably receiving a discount.
More stress means more cost – Occupations such as judges, air traffic controllers, and stock brokers are shown to have higher premiums than the average policyholder in part from intense work-related stress and lots of time spent at work. Conversely, occupations such as actors, engineers and retirees have lower than average premiums.
Insurance loss data for GMC Sierra vehicles – Companies analyze historical claim data to help calculate premium costs. Vehicles that historically have high amounts or severity of claims will have higher rates. The table below demonstrates the insurance loss data used by companies for GMC Sierra vehicles.
For each coverage category, the claim amount for all vehicles, without regard to make or model, is considered to be 100. Values under 100 suggest a better than average loss history, while values over 100 indicate frequent claims or tendency to have larger claims.
| Vehicle Make and Model | Collision | Property Damage | Comp | Personal Injury | Medical Payment | Bodily Injury |
|---|---|---|---|---|---|---|
| GMC Sierra 1500 2WD | 89 | 122 | 106 | |||
| GMC Sierra 1500 4WD | 97 | 86 | 79 | |||
| GMC Sierra 1500 Crew Cab 2WD | 87 | 99 | 132 | 69 | 69 | 89 |
| GMC Sierra 1500 Crew Cab 4WD | 89 | 102 | 114 | 52 | 51 | 73 |
| GMC Sierra 1500 Ext Cab 2WD | 98 | 109 | 96 | 70 | ||
| GMC Sierra 1500 Ext Cab 4WD | 78 | 85 | 89 | 65 | 56 | 94 |
| GMC Sierra 2500 4WD | 70 | 56 | ||||
| GMC Sierra 2500 Crew Cab 2WD | 63 | 101 | ||||
| GMC Sierra 2500 Crew Cab 4WD | 91 | 118 | 105 | 43 | 50 | 90 |
| GMC Sierra 2500 Ext Cab 4WD | 67 | 108 | 85 | 40 | ||
| GMC Sierra 3500 Crew Cab 4WD | 85 | 128 | 121 | 35 |
Empty fields indicate not enough data collected
Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Facts and figures for GMC Sierra insurance
The information below showcases different insurance coverage prices for GMC Sierra models. Understanding more about how rate quotes are established is important for making decisions when choosing a new policy provider.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Sierra SLE Regular Cab 2WD | $184 | $380 | $282 | $16 | $84 | $946 | $79 |
| Sierra SL Extended Cab 2WD | $184 | $380 | $282 | $16 | $84 | $946 | $79 |
| Sierra SLE Crew Cab 2WD | $184 | $380 | $282 | $16 | $84 | $946 | $79 |
| Sierra SL Crew Cab 2WD | $208 | $446 | $282 | $16 | $84 | $1,036 | $86 |
| Sierra SLE Crew Cab 2WD | $208 | $446 | $282 | $16 | $84 | $1,036 | $86 |
| Sierra SLE Regular Cab 4WD | $208 | $446 | $282 | $16 | $84 | $1,036 | $86 |
| Sierra SLE Extended Cab 4WD | $208 | $446 | $282 | $16 | $84 | $1,036 | $86 |
| Sierra SLE Crew Cab 4WD | $208 | $446 | $282 | $16 | $84 | $1,036 | $86 |
| Sierra SLT Extended Cab 2WD | $208 | $446 | $282 | $16 | $84 | $1,036 | $86 |
| Sierra SL Crew Cab 4WD | $208 | $446 | $282 | $16 | $84 | $1,036 | $86 |
| Sierra SLT Extended Cab 4WD | $208 | $446 | $282 | $16 | $84 | $1,036 | $86 |
| Sierra SLT Crew Cab 2WD | $208 | $446 | $282 | $16 | $84 | $1,036 | $86 |
| Sierra SLT Crew Cab 4WD | $232 | $514 | $282 | $16 | $84 | $1,128 | $94 |
| Sierra Denali Crew Cab 2WD | $232 | $514 | $282 | $16 | $84 | $1,128 | $94 |
| Sierra Denali Crew Cab 4WD | $232 | $514 | $282 | $16 | $84 | $1,128 | $94 |
| Get Your Own Custom Quote Go | |||||||
Data variables include single female driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and North Carolina minimum liability limits. Discounts applied include homeowner, multi-vehicle, multi-policy, safe-driver, and claim-free. Rate information does not factor in specific zip code location which can increase or decrease auto insurance rates noticeably.
Insurance deductibles
One of the more difficult decisions when buying insurance is where should you set your physical damage deductibles. The rates below show the differences in premium rates when you buy lower versus higher physical damage deductibles. The first set of rates uses a $100 deductible and the second pricing table uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Sierra SLE Regular Cab 2WD | $214 | $386 | $250 | $14 | $74 | $963 | $80 |
| Sierra SL Extended Cab 2WD | $214 | $386 | $250 | $14 | $74 | $963 | $80 |
| Sierra SLE Crew Cab 2WD | $214 | $386 | $250 | $14 | $74 | $963 | $80 |
| Sierra SL Crew Cab 2WD | $242 | $456 | $250 | $14 | $74 | $1,061 | $88 |
| Sierra SLE Crew Cab 2WD | $242 | $456 | $250 | $14 | $74 | $1,061 | $88 |
| Sierra SLE Regular Cab 4WD | $242 | $456 | $250 | $14 | $74 | $1,061 | $88 |
| Sierra SLE Extended Cab 4WD | $242 | $456 | $250 | $14 | $74 | $1,061 | $88 |
| Sierra SLE Crew Cab 4WD | $242 | $456 | $250 | $14 | $74 | $1,061 | $88 |
| Sierra SLT Extended Cab 2WD | $242 | $456 | $250 | $14 | $74 | $1,061 | $88 |
| Sierra SL Crew Cab 4WD | $242 | $456 | $250 | $14 | $74 | $1,061 | $88 |
| Sierra SLT Extended Cab 4WD | $242 | $456 | $250 | $14 | $74 | $1,061 | $88 |
| Sierra SLT Crew Cab 2WD | $242 | $456 | $250 | $14 | $74 | $1,061 | $88 |
| Sierra SLT Crew Cab 4WD | $270 | $524 | $250 | $14 | $74 | $1,157 | $96 |
| Sierra Denali Crew Cab 2WD | $270 | $524 | $250 | $14 | $74 | $1,157 | $96 |
| Sierra Denali Crew Cab 4WD | $270 | $524 | $250 | $14 | $74 | $1,157 | $96 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Sierra SLE Regular Cab 2WD | $118 | $204 | $250 | $14 | $74 | $660 | $55 |
| Sierra SL Extended Cab 2WD | $118 | $204 | $250 | $14 | $74 | $660 | $55 |
| Sierra SLE Crew Cab 2WD | $118 | $204 | $250 | $14 | $74 | $660 | $55 |
| Sierra SL Crew Cab 2WD | $134 | $240 | $250 | $14 | $74 | $712 | $59 |
| Sierra SLE Crew Cab 2WD | $134 | $240 | $250 | $14 | $74 | $712 | $59 |
| Sierra SLE Regular Cab 4WD | $134 | $240 | $250 | $14 | $74 | $712 | $59 |
| Sierra SLE Extended Cab 4WD | $134 | $240 | $250 | $14 | $74 | $712 | $59 |
| Sierra SLE Crew Cab 4WD | $134 | $240 | $250 | $14 | $74 | $712 | $59 |
| Sierra SLT Extended Cab 2WD | $134 | $240 | $250 | $14 | $74 | $712 | $59 |
| Sierra SL Crew Cab 4WD | $134 | $240 | $250 | $14 | $74 | $712 | $59 |
| Sierra SLT Extended Cab 4WD | $134 | $240 | $250 | $14 | $74 | $712 | $59 |
| Sierra SLT Crew Cab 2WD | $134 | $240 | $250 | $14 | $74 | $712 | $59 |
| Sierra SLT Crew Cab 4WD | $150 | $276 | $250 | $14 | $74 | $764 | $64 |
| Sierra Denali Crew Cab 2WD | $150 | $276 | $250 | $14 | $74 | $764 | $64 |
| Sierra Denali Crew Cab 4WD | $150 | $276 | $250 | $14 | $74 | $764 | $64 |
| Get Your Own Custom Quote Go | |||||||
Data rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, and North Carolina minimum liability limits. Discounts applied include multi-vehicle, multi-policy, safe-driver, claim-free, and homeowner. Table data does not factor in zip code location which can influence insurance rates noticeably.
Based on these figures, using a $100 deductible will cost you roughly $29 more each month or $348 annually than opting for the higher $1,000 deductible. Because you would pay $900 more if you turn in a claim with a $1,000 deductible as compared to a $100 deductible, if you normally average at a minimum 31 months between claims, you would probably be better off if you choose the higher deductible.
Impact of citations and accidents on insurance rates
The example below shows how traffic citations and at-fault claims can influence GMC Sierra car insurance rates for each different age category. The data assumes a single female driver, comp and collision included, $100 deductibles, and no additional discounts are factored in.
Cost of full coverage
The information below shows the difference between GMC Sierra car insurance rates with and without physical damage coverage. The premium estimates are based on no driving violations, no at-fault accidents, $1,000 deductibles, single marital status, and no discounts are applied to the premium.
Should you be buying full coverage?
There is no definitive rule of when to eliminate physical damage insurance, but there is a general convention. If the yearly cost for physical damage coverage is about 10% or more of the vehicle’s replacement cost less your deductible, then it’s probably a good time to buy liability coverage only.
For example, let’s say your GMC Sierra replacement cost is $8,000 and you have $1,000 deductibles. If your vehicle is totaled, the most you would get paid by your company is $7,000 after paying your deductible. If you are currently paying more than $700 annually for full coverage, then it might be time to buy liability only.
There are some scenarios where eliminating full coverage is not recommended. If you still have a loan on your vehicle, you have to carry full coverage to protect the lienholder’s interest in the vehicle. Also, if you cannot afford to purchase a different vehicle if your current one is in an accident, you should not remove full coverage.
Discounts for lower-cost insurance quotes
Companies that sell car insurance don’t always advertise every available discount in an easy-to-find place, so we took the time to find both the well known in addition to some of the lesser obvious credits available to you.
- More Vehicles More Savings – Buying insurance for multiple cars or trucks with the same company could earn a price break for each car.
- Discounts for Seat Belt Usage – Drivers who require all occupants to buckle up can save a little on the medical payments or PIP coverage costs.
- Active Service Discounts – Being on active deployment in the military could qualify you for better rates.
- Online Discount – Some insurance companies will discount your bill up to fifty bucks for buying your policy on the web.
- Driver Education Discount – Make teen driver coverage more affordable by requiring them to enroll and complete driver’s education in school.
- Senior Citizen Discount – Seniors can possibly qualify for a discount up to 10%.
- Early Payment Discounts – By paying your policy upfront rather than paying monthly you can avoid the installment charge.
- Theft Deterrent – Cars and trucks that have factory anti-theft systems can help prevent theft and therefore earn up to a 10% discount.
- Smart Student Discounts – Maintaining excellent grades could provide a savings of up to 20% or more. Many companies even apply the discount to college students up to age 25.
- No Charge for an Accident – Not really a discount, but certain companies permit an accident before they charge you more for coverage if your claims history is clear prior to being involved in the accident.
A little note about advertised discounts, some credits don’t apply to all coverage premiums. Most only reduce specific coverage prices like physical damage coverage or medical payments. Just because you may think it’s possible to get free car insurance, nobody gets a free ride.
The example below visualizes the comparison of GMC Sierra insurance prices with and without policy discounts. The rate quotes are based on a female driver, no accidents, no driving violations, North Carolina state minimum liability limits, comp and collision included, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, safe-driver, claim-free, multi-policy, marriage, and homeowner discounts applied.
To see insurance companies who offer cheap GMC Sierra insurance quotes in Greensboro in Greensboro, click here.
What is YOUR best insurance company?
As you go through the steps to switch your coverage, do not sacrifice coverage to reduce premiums. There are many occasions where an accident victim reduced physical damage coverage only to discover later they didn’t have enough coverage. The ultimate goal is to buy a smart amount of coverage at a price you can afford, but do not skimp to save money.
Cost effective GMC Sierra insurance can be sourced on the web in addition to many Greensboro insurance agents, so you need to quote Greensboro auto insurance with both in order to have the best price selection to choose from. There are still a few companies who don’t offer internet price quotes and these small insurance companies provide coverage only through independent agents.
Steps to buying low-cost GMC Sierra insurance in Greensboro
If saving the most money is your goal, then the best way to get cheaper GMC Sierra insurance is to compare prices annually from different companies in Greensboro. Rate comparisons can be done by following these guidelines.
Step 1: Spend a few minutes and learn about policy coverages and the measures you can control to keep rates down. Many things that cause rate increases like at-fault accidents, speeding tickets, and a low credit score can be controlled by making minor changes to your lifestyle.
Step 2: Request price quotes from direct carriers, independent agents, and exclusive agents. Direct and exclusive agents can only give prices from a single company like GEICO and State Farm, while independent agents can quote rates from many different companies.
Step 3: Compare the new rate quotes to the premium of your current policy and determine if cheaper Sierra coverage is available in Greensboro. If you can save money and switch companies, ensure coverage does not lapse between policies.
The key thing to know about shopping around is to compare the same coverage limits and deductibles on each quote and and to analyze as many companies as feasibly possible. Doing this ensures an apples-to-apples comparison and a good representation of prices.
To learn more, link through to these articles:
- What if I Can’t Find Coverage? (Insurance Information Institute)
- Who Has Cheap Greensboro Car Insurance for Drivers with a DUI? (FAQ)
- Who Has Affordable Auto Insurance Rates for Nurses in Greensboro? (FAQ)
- How Much are Car Insurance Quotes for First-time Drivers in Greensboro? (FAQ)
- Who Has the Cheapest Auto Insurance Quotes for a Ford Explorer in Greensboro? (FAQ)
- Who Has Cheap Auto Insurance for Drivers Over Age 70 in Greensboro? (FAQ)
- Electronic Stability Control FAQ (iihs.org)
- Crash Avoidance Technologies FAQ (iihs.org)
- Driving in Bad Weather (Insurance Information Institute)
- Understanding Rental Car Insurance (Insurance Information Institute)