Buying cheap coverage for a GMC Sierra is fairly simple, but it relies on a lot of rating criteria such as whether you are a homeower, the performance level of your vehicle, and any prior driving offenses. Drivers pay approximately $1,046 per year to insure their Sierra, but that price is an estimate based upon a 50-year-old married male driver with both comprehensive and collision coverage and $100 deductibles.
The problem with using this number is the good chance you aren’t exactly 50 years old or even a male, you might be single instead of married, or maybe you’re a renter instead of a homeowner. Every driver’s needs are different, and that is why the best way to find the most affordable coverage for your GMC is to do your own rate comparisons.
Vehicle trim level will most likely have an effect on the cost of coverage, so the price you pay to insure a Sierra SLE Regular Cab 2WD will cost $198 less than the cost to insure the high end Sierra Denali Crew Cab 4WD trim level, as shown below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Sierra SLE Regular Cab 2WD||$206||$408||$296||$18||$88||$1,016||$85|
|Sierra SL Extended Cab 2WD||$206||$408||$296||$18||$88||$1,016||$85|
|Sierra SLE Crew Cab 2WD||$206||$408||$296||$18||$88||$1,016||$85|
|Sierra SL Crew Cab 2WD||$234||$480||$296||$18||$88||$1,116||$93|
|Sierra SLE Crew Cab 2WD||$234||$480||$296||$18||$88||$1,116||$93|
|Sierra SLE Regular Cab 4WD||$234||$480||$296||$18||$88||$1,116||$93|
|Sierra SLE Extended Cab 4WD||$234||$480||$296||$18||$88||$1,116||$93|
|Sierra SLE Crew Cab 4WD||$234||$480||$296||$18||$88||$1,116||$93|
|Sierra SLT Extended Cab 2WD||$234||$480||$296||$18||$88||$1,116||$93|
|Sierra SL Crew Cab 4WD||$234||$480||$296||$18||$88||$1,116||$93|
|Sierra SLT Extended Cab 4WD||$234||$480||$296||$18||$88||$1,116||$93|
|Sierra SLT Crew Cab 2WD||$234||$480||$296||$18||$88||$1,116||$93|
|Sierra SLT Crew Cab 4WD||$260||$552||$296||$18||$88||$1,214||$101|
|Sierra Denali Crew Cab 2WD||$260||$552||$296||$18||$88||$1,214||$101|
|Sierra Denali Crew Cab 4WD||$260||$552||$296||$18||$88||$1,214||$101|
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Data assumes married male driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Nevada minimum liability limits. Discounts applied include claim-free, safe-driver, homeowner, multi-vehicle, and multi-policy. Premium costs do not factor in specific Las Vegas garaging location which can alter prices substantially.
Picking a good quality company is hard considering how many companies sell insurance in Las Vegas. The company information shown below could help you analyze which auto insurance companies to look at purchasing a policy from.
The rankings below are only comprised of companies that write coverage in many states, so smaller regional companies will not be included in this list. To view rates from the most competitive companies in Nevada, simply click here.
|Company||Value||Customer Service||Claims||Customer Satisfaction||A.M Best Rating||Overall Score|
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Data Source: Insure.com Best Car Insurance Companies
Types of discounts on Las Vegas insurance
Insurers that sell policies for a GMC Sierra may have discounts that could potentially reduce rates by 35% or more if you meet eligibility requirements. Companies and their possible discounts are:
- Farm Bureau may offer discounts for safe driver, 55 and retired, multi-policy, driver training, and renewal discount.
- Liberty Mutual discounts include hybrid vehicle, new vehicle discount, new graduate, exclusive group savings, and teen driver discount.
- State Farm has savings for passive restraint, driver’s education, Steer Clear safe driver discount, multiple policy, accident-free, and safe vehicle.
- Auto-Owners Insurance has discounts for multi-policy, safe driver, anti-theft, paid in full, safe vehicle, and multiple vehicles.
- GEICO may include discounts for driver training, five-year accident-free, air bags, defensive driver, membership and employees, military active duty, and seat belt use.
- SAFECO includes discounts for anti-lock brakes, anti-theft, bundle discounts, accident prevention training, drive less, and multi-car.
The illustration below visualizes the comparison of car insurance rates with and without discounts. The premiums are based on a female driver, no accidents or driving violations, Nevada state minimum liability limits, comp and collision included, and $250 deductibles. The first bar for each age group shows the price with no discounts. The lower bar shows the rates with anti-theft, claim-free, homeowner, vehicle safety, safe-driver, and accident-free discounts applied. When these discounts are applied to the policy premium, the average savings per year on insurance for a GMC Sierra is 28% or $548.
The diagram below shows how choosing a deductible can increase or decrease yearly insurance costs when getting quotes for cheap insurance for a GMC Sierra. The data is based on a married female driver, comp and collision included, and no discounts are taken into consideration.
A 40-year-old driver could lower their policy premium by $292 a year by switching from a $100 deductible up to a $500 deductible, or save $442 by using a $1,000 deductible. Even younger drivers, like the age 20 example, could potentially save up to $728 or more just by using higher deductibles.
If you do make the decision to raise your deductibles, it is necessary to have additional funds squirreled away to enable you to pay the extra out-of-pocket expense. This is the primary disadvantage of choosing high deductibles.
What aren’t you shopping around?
Las Vegas insurance rates are determined by lots of factors that can increase the policy price. Turning one year older, buying a home, or getting a ticket for running a stop sign can trigger price changes that can make some companies more affordable than others. Not only may your situation change, but auto insurance companies modify rates as often as every three months in order to offset underwriting gains or losses. A period of increased losses may cause more expensive premiums, while long-term profits may produce cheaper Sierra insurance rates.
For example, the bar chart below shows the cheapest car insurance in Las Vegas, NV for a 30-year-old male driver with no prior accidents, a clean driving record, and solid credit. If we estimate prices based on his current risk factors, Allied might quote the lowest car insurance rates in Las Vegas at $1,627 per year. This is $53 more than the average rate paid by Nevada drivers of $1,574. Travelers, Capital, American Family, and Oregon Mutual are also included in the most affordable Las Vegas, NV auto insurance companies.
Now we will pretend the driver from the first set of rates an accident claim, a little lower credit rating, and an imperfect driving record. Due to the fact that each insurance company uses a different method to determine rates, analyzing rates could now result in a significantly different list of cheap Las Vegas auto insurance companies as shown below.
GEICO now has the best insurance rate in Las Vegas, NV with Nationwide, USAA, Safeco, and Travelers now being in the top five. This example proves why it is critical to compare many different companies to get the most economical auto insurance rates for a GMC Sierra.
Auto insurance prices are calculated by many different factors and change frequently, so the most economical option three years ago may now be quite expensive.
How to find low-cost auto insurance for a GMC Sierra
Here are many penny-pinching ideas that can help drivers buy low-cost car insurance.
- Claim-free drivers earn discounts
- Increase physical damage deductibles
- Bundle home and auto and save
- Increase your credit score
- Do not get traffic citations
- Prevent rate increases by staying accident-free
- Compare quotes from other companies often
The last suggestion is extremely necessary, as we pointed out in the prior information. Insurance prices can change considerably based on profitability, so drivers shouldn’t be reluctant to switch carriers if a lower price can be found. Many drivers prefer to stick with one company, but it isn’t a good idea if that stubbornness costs you money that could be used for better things. Now is a great time to compare prices and find cheaper insurance for a GMC Sierra in Las Vegas.