Save Money on GMC Sierra Insurance in Riverside

Insurance for GMC SierraAnyone knows that insurance companies want to keep you from comparing rates. Consumers who shop around once a year are highly likely to move their business because of the good chance of finding a lower-priced company. A recent car insurance study discovered that people who compared rates regularly saved about $865 a year compared to policyholders who don’t regularly compare prices.

If finding budget-friendly rates on car insurance in Riverside is your objective, then having some knowledge of how to quote prices and compare coverage rates can make the process less intimidating.

Truthfully, the best way to find the cheapest price for GMC Sierra insurance in Riverside is to make a habit of comparing prices annually from providers in California. Rates can be compared by following these guidelines.

The critical component of shopping around is to compare the same liability limits and deductibles on every price quote and and to look at as many companies as feasibly possible. This enables a fair price comparison and the best price quote selection.

Locating the most cost-effective insurance policy in Riverside can really be easy if you know what you’re doing. Virtually anyone who wants cheaper insurance most likely will find a lower-cost company. Nevertheless, California vehicle owners do need to know how big insurance companies set your policy premium and take advantage of how the system works.

Facts and figures for GMC Sierra insurance

The information shown next highlights a range of policy rates for GMC Sierra models. Having knowledge of how rates are calculated can be of help when making smart choices when buying a policy.


GMC Sierra Insurance Rates in Riverside, CA
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Sierra SLE Regular Cab 2WD $278 $464 $442 $26 $132 $1,342 $112
Sierra SL Extended Cab 2WD $278 $464 $442 $26 $132 $1,342 $112
Sierra SLE Crew Cab 2WD $278 $464 $442 $26 $132 $1,342 $112
Sierra SL Crew Cab 2WD $314 $546 $442 $26 $132 $1,460 $122
Sierra SLE Crew Cab 2WD $314 $546 $442 $26 $132 $1,460 $122
Sierra SLE Regular Cab 4WD $314 $546 $442 $26 $132 $1,460 $122
Sierra SLE Extended Cab 4WD $314 $546 $442 $26 $132 $1,460 $122
Sierra SLE Crew Cab 4WD $314 $546 $442 $26 $132 $1,460 $122
Sierra SLT Extended Cab 2WD $314 $546 $442 $26 $132 $1,460 $122
Sierra SL Crew Cab 4WD $314 $546 $442 $26 $132 $1,460 $122
Sierra SLT Extended Cab 4WD $314 $546 $442 $26 $132 $1,460 $122
Sierra SLT Crew Cab 2WD $314 $546 $442 $26 $132 $1,460 $122
Sierra SLT Crew Cab 4WD $348 $630 $442 $26 $132 $1,578 $132
Sierra Denali Crew Cab 2WD $348 $630 $442 $26 $132 $1,578 $132
Sierra Denali Crew Cab 4WD $348 $630 $442 $26 $132 $1,578 $132
Get Your Own Custom Quote Go

Prices based on married male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and California minimum liability limits. Discounts applied include homeowner, multi-policy, multi-vehicle, safe-driver, and claim-free. Price estimates do not factor in garaging location in Riverside which can increase or decrease premiums greatly.

Choosing deductibles

One of the hardest decisions when shopping for auto insurance is which deductible level should you buy. The rates below approximate the premium difference of buying low and high physical damage coverage deductibles. The first data set uses a $250 deductible for comprehensive and collision coverage and the second data table uses a $1,000 deductible.


GMC Sierra insurance rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Sierra SLE Regular Cab 2WD $342 $576 $442 $26 $132 $1,543 $129
Sierra SL Extended Cab 2WD $342 $576 $442 $26 $132 $1,543 $129
Sierra SLE Crew Cab 2WD $342 $576 $442 $26 $132 $1,543 $129
Sierra SL Crew Cab 2WD $386 $678 $442 $26 $132 $1,689 $141
Sierra SLE Crew Cab 2WD $386 $678 $442 $26 $132 $1,689 $141
Sierra SLE Regular Cab 4WD $386 $678 $442 $26 $132 $1,689 $141
Sierra SLE Extended Cab 4WD $386 $678 $442 $26 $132 $1,689 $141
Sierra SLE Crew Cab 4WD $386 $678 $442 $26 $132 $1,689 $141
Sierra SLT Extended Cab 2WD $386 $678 $442 $26 $132 $1,689 $141
Sierra SL Crew Cab 4WD $386 $678 $442 $26 $132 $1,689 $141
Sierra SLT Extended Cab 4WD $386 $678 $442 $26 $132 $1,689 $141
Sierra SLT Crew Cab 2WD $386 $678 $442 $26 $132 $1,689 $141
Sierra SLT Crew Cab 4WD $430 $780 $442 $26 $132 $1,835 $153
Sierra Denali Crew Cab 2WD $430 $780 $442 $26 $132 $1,835 $153
Sierra Denali Crew Cab 4WD $430 $780 $442 $26 $132 $1,835 $153
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GMC Sierra insurance rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Sierra SLE Regular Cab 2WD $210 $362 $442 $26 $132 $1,172 $98
Sierra SL Extended Cab 2WD $210 $362 $442 $26 $132 $1,172 $98
Sierra SLE Crew Cab 2WD $210 $362 $442 $26 $132 $1,172 $98
Sierra SL Crew Cab 2WD $238 $426 $442 $26 $132 $1,264 $105
Sierra SLE Crew Cab 2WD $238 $426 $442 $26 $132 $1,264 $105
Sierra SLE Regular Cab 4WD $238 $426 $442 $26 $132 $1,264 $105
Sierra SLE Extended Cab 4WD $238 $426 $442 $26 $132 $1,264 $105
Sierra SLE Crew Cab 4WD $238 $426 $442 $26 $132 $1,264 $105
Sierra SLT Extended Cab 2WD $238 $426 $442 $26 $132 $1,264 $105
Sierra SL Crew Cab 4WD $238 $426 $442 $26 $132 $1,264 $105
Sierra SLT Extended Cab 4WD $238 $426 $442 $26 $132 $1,264 $105
Sierra SLT Crew Cab 2WD $238 $426 $442 $26 $132 $1,264 $105
Sierra SLT Crew Cab 4WD $266 $490 $442 $26 $132 $1,356 $113
Sierra Denali Crew Cab 2WD $266 $490 $442 $26 $132 $1,356 $113
Sierra Denali Crew Cab 4WD $266 $490 $442 $26 $132 $1,356 $113
Get Your Own Custom Quote Go

Above prices assume married male driver age 30, no speeding tickets, no at-fault accidents, and California minimum liability limits. Discounts applied include multi-vehicle, homeowner, claim-free, safe-driver, and multi-policy. Premium costs do not factor in zip code location which can decrease or increase coverage prices substantially.

We can derive from the above data that using a $250 deductible will cost you about $36 more each month or $432 for a full year across all GMC Sierra models than selecting the higher $1,000 deductible. Since you would have to pay $750 more to settle a claim with a $1,000 deductible as compared to a $250 deductible, if you tend to have at least 21 months between claim filings, you would save more money by selecting a higher deductible.

How to decide to raise your deductibles

Average monthly premium for $250 deductibles: $141
Average monthly premium for $1,000 deductibles (subtract): – $105
Monthly savings from raising deductible: $36
Difference between deductibles ($1,000 – $250): $750
Divide difference by monthly savings: $750 / $36
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 21 months

One important issue to know is that raising deductibles to save money results in more money out-of-pocket when you do file a claim. You must have enough money in the bank in order to pay the deductible.

Safe drivers pay less for auto insurance

The example below shows how violations and accident claims can impact GMC Sierra auto insurance costs for different age categories. The data is based on a single male driver, full coverage, $1,000 deductibles, and no discounts are applied to the premium.

Comparison of auto insurance rates by gender

The diagram below illustrates the comparison of GMC Sierra car insurance costs for male and female drivers. The costs are based on no claims, a clean driving record, full coverage, $500 deductibles, drivers are not married, and no additional discounts are factored in.

How do Insurers Determine GMC Sierra Insurance Costs?

An important part of buying insurance is that you know a few of the rating criteria that aid in calculating the rates you pay for auto insurance. If you have some idea of what controls the rates you pay, this allows you to make good choices that will entitle you to cheaper rates.

The list below includes a few of the “ingredients” used by companies to determine rates.

Multiple policies with one company can save – Lots of auto insurance companies give lower prices to clients that purchase more than one policy in the form of a multi-policy discount. Even with this discount applied, consumers should still compare other Riverside Sierra insurance rates to guarantee you are still saving the most.

High credit scores save money – Having a bad credit history is a big factor in determining premium rates. If your credit rating is low, you could be paying less to insure your GMC Sierra by taking the time to improve your credit score. Drivers who have very good credit scores tend to be more responsible and file fewer claims than drivers with lower credit ratings.

Don’t skimp on liability protection – Liability coverage is the coverage that protects you if ever you are responsible for damages from an accident. It provides for a legal defense up to the limits shown on your policy. Liability is cheap compared to insuring for physical damage coverage, so drivers should make sure they buy enough to cover all assets.

High policy claims frequency drives up premiums – If you’re an insured who likes to file claims you shouldn’t be surprised to get higher rates. Car insurance companies in California generally give cheaper rates to insureds who only file infrequent claims. Your car insurance is intended for major claims that would cause financial hardship.

Insurance loss statistics a GMC Sierra – Insurers factor in historical loss data to calculate a price that will offset any claims. Models that the statistics show to have high amounts or severity of claims will have a higher cost to insure.

The table below shows the loss history for GMC Sierra vehicles. For each coverage type, the claim probability for all vehicles, as an average, is represented as 100. Numbers shown that are under 100 suggest a better than average loss history, while numbers shown that are more than 100 indicate more frequent claims or a tendency for losses to be larger than average.


GMC Sierra Insurance Claim Statistics
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
BETTER
AVERAGE
WORSE

Empty fields indicate not enough data collected
Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Don’t give up on cheaper coverage

When searching for inexpensive Riverside car insurance quotes, do not buy poor coverage just to save money. There have been many situations where drivers have reduced liability coverage limits and learned later that saving that couple of dollars actually costed them tens of thousands. Your focus should be to purchase plenty of coverage for the lowest price, but don’t skip important coverages to save money.

We’ve covered many tips how you can shop for GMC Sierra insurance online. The key concept to understand is the more quotes you get, the higher your chance of finding the cheapest GMC Sierra rate quotes. Consumers could even find that the lowest prices are with a small mutual company. Regional companies can often provide lower rates in certain areas than the large multi-state companies such as Allstate or State Farm.

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