Buying competitive car insurance for a GMC Sierra in North Carolina relies on a whole bunch of rating criteria such as age of the driver, if you have recent claims, and the deductible amount you use. Drivers in North Carolina pay approximately $583 a year to insure their Sierra, but that cost is a valuation based on a 50-year-old married female driver with full physical damage coverage and $1,000 deductibles.
It’s more than likely you are not 50 years old and maybe not even female, maybe you are single instead of married, or maybe you need higher liability limits than the state minimum. Even a minor difference in policy rating criteria or coverages can result in a big discrepancy in policy price.
This illustrates why the best method for finding the cheapest coverage for your GMC is to just take the time to compare rates yourself.
The trim level of your GMC will have an impact price, so the price you will pay to insure a Sierra SLE Regular Cab 2WD model will be $84 less expensive the price to insure the more costly Sierra Denali Crew Cab 4WD version, as shown by the rates below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Sierra SLE Regular Cab 2WD||$92||$170||$234||$14||$70||$580||$48|
|Sierra SL Extended Cab 2WD||$92||$170||$234||$14||$70||$580||$48|
|Sierra SLE Crew Cab 2WD||$92||$170||$234||$14||$70||$580||$48|
|Sierra SL Crew Cab 2WD||$104||$200||$234||$14||$70||$622||$52|
|Sierra SLE Crew Cab 2WD||$104||$200||$234||$14||$70||$622||$52|
|Sierra SLE Regular Cab 4WD||$104||$200||$234||$14||$70||$622||$52|
|Sierra SLE Extended Cab 4WD||$104||$200||$234||$14||$70||$622||$52|
|Sierra SLE Crew Cab 4WD||$104||$200||$234||$14||$70||$622||$52|
|Sierra SLT Extended Cab 2WD||$104||$200||$234||$14||$70||$622||$52|
|Sierra SL Crew Cab 4WD||$104||$200||$234||$14||$70||$622||$52|
|Sierra SLT Extended Cab 4WD||$104||$200||$234||$14||$70||$622||$52|
|Sierra SLT Crew Cab 2WD||$104||$200||$234||$14||$70||$622||$52|
|Sierra SLT Crew Cab 4WD||$116||$230||$234||$14||$70||$664||$55|
|Sierra Denali Crew Cab 2WD||$116||$230||$234||$14||$70||$664||$55|
|Sierra Denali Crew Cab 4WD||$116||$230||$234||$14||$70||$664||$55|
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Prices based on married female driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and North Carolina minimum liability limits. Discounts applied include claim-free, multi-policy, multi-vehicle, safe-driver, and homeowner. Information does not factor in specific location which can impact insurance rates greatly.
Finding reliable, reasonably-priced insurance is not easy, and figuring out which company offers the most affordable car insurance rates for a GMC Sierra will require even more perseverance. Every auto insurer has a proprietary method for setting prices, so to begin we’ll rank the car insurance companies that tend to have lower prices in Raleigh, NC.
We do need to point out that North Carolina car insurance rates are impacted by many things that control the cost of your policy. This price variability is why consumers need to take the time to take the time to shop around to find the lowest car insurance quotes for a GMC Sierra. Rates are influenced by many different factors and can change substantially, so the best option the last time you compared rates may now be priced much higher than other options.
Lowest Insurance Price Quotes for Your Truck
Progressive may offer some of the most affordable car insurance rates in Raleigh at around $632 each year. This is $240 less than the average rate paid by North Carolina drivers of $872. Utica National, Penn National, Liberty Mutual, and Titan are also some of the cheapest Raleigh, NC auto insurance companies.
As shown above, if you are a policyholder with Utica National and switched to Progressive, you could earn yearly savings of around $23. Insureds with Penn National could save as much as $85 a year, and Liberty Mutual policyholders might cut rates by $89 a year.
Be aware that those policy rates are averages across all ages of drivers and types of vehicles and and are not figured with a specific location for a GMC Sierra. So the car insurance company that can offer the best rates for your situation may not even be in the top 20 companies in the list above. That affirms the importance of why you need to compare as many prices as possible using your own driver information and specific vehicle type.
Rate difference between full and liability-only coverage
Reducing the cost of car insurance is the goal of most vehicle owners, and one of the fastest ways to save on the cost of insurance for a GMC Sierra is to buy only liability coverage. The chart below illustrates the difference between premium costs with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The rate quotes are based on no claims or driving violations, $1,000 deductibles, drivers are single, and no additional discounts are factored in.
Averaged for all ages 20 through 70, full coverage on your policy costs $1,329 per year more than just buying liability insurance. At some point, every insured wonders if buying full coverage is worth the expense. There is no exact rule that works best for making the decision to drop full coverage, but there is a general school of thought. If the annual cost of your full coverage insurance is more than 10% of the vehicle’s replacement cost less your deductible, then it could be time to drop full coverage.
For example, let’s pretend your vehicle’s book value is $6,500 and you have $1,000 full coverage deductibles. If your vehicle is totaled, you would only receive $5,500 after the deductible is paid. If you are currently paying more than $550 annually for full coverage, the it may be a good time to stop paying for full coverage.
Why it’s important to shop around
Raleigh, NC car insurance rates are determined by lots of factors that will increase or decrease the price you have to pay. Simply having a birthday, buying another vehicle, or getting a driving violation can produce rate changes resulting in some companies being more affordable than the competition.
In addition, insurers file new rates every year to reflect underwriting profits or losses. A period of higher than normal claims may cause increased policy costs, while less frequent claims can produce lower-priced Sierra insurance rates.
For example, the chart below shows the company with the cheapest car insurance in Raleigh, NC for a 45-year-old female driver with no accidents or violations, and a good credit rating. If we compare prices based on her current risk factors, Progressive might offer the cheapest car insurance rates in Raleigh at $725 annually. This is $147 less than the average rate paid by North Carolina drivers of $872. Utica National, Liberty Mutual, NC Farm Bureau, and Penn National are the rest of the cheapest Raleigh, NC auto insurance companies.
The example below compares rates after we give the driver from the first set of rates a claim or two, less-than-perfect credit, and an imperfect driving record. Since each company has a proprietary method to determining premium rates, comparing quotes may result in a completely different list of the cheapest car insurance companies in Raleigh as shown below.
Titan now has the lowest price on auto insurance in Raleigh, NC with State Farm, Auto-Owners, National General, and Allied also having competitive pricing. This example proves why it is critical to do a thorough rate comparison to find the most economical insurance rates for a GMC Sierra.
Auto insurance prices consist of many different factors and can increase or decrease at any time, so the lowest-price company the last time you checked may now not even be in the top five.