Finding cheap coverage for a GMC Sierra in Maryland depends on a large number of factors such as how you use your Sierra, your credit score, and citations on your driving record. Drivers pay approximately $1,652 per year to insure their Sierra, but that amount is a valuation based on a 40-year-old single female driver with both comprehensive and collision coverage and $250 deductibles.
When estimating a car insurance rate like we just did, the issue is that you aren’t exactly 40 years old or even a female, you might be married instead of single, or maybe you want more liability coverage than is required by law in Maryland. This shows why the best method for finding cheap car insurance rates for your GMC is to do a thorough rate comparison. Get a free quote now and you will receive prices from top-rated car insurance companies around.
Your GMC’s trim level tends to have a direct impact on the annual cost of coverage, so the price you pay to insure a Sierra SLE Regular Cab 2WD trim level will be $288 cheaper than the price to insure the higher-end Sierra Denali Crew Cab 4WD version, as shown below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Sierra SLE Regular Cab 2WD||$302||$598||$528||$32||$158||$1,618||$135|
|Sierra SL Extended Cab 2WD||$302||$598||$528||$32||$158||$1,618||$135|
|Sierra SLE Crew Cab 2WD||$302||$598||$528||$32||$158||$1,618||$135|
|Sierra SL Crew Cab 2WD||$340||$704||$528||$32||$158||$1,762||$147|
|Sierra SLE Crew Cab 2WD||$340||$704||$528||$32||$158||$1,762||$147|
|Sierra SLE Regular Cab 4WD||$340||$704||$528||$32||$158||$1,762||$147|
|Sierra SLE Extended Cab 4WD||$340||$704||$528||$32||$158||$1,762||$147|
|Sierra SLE Crew Cab 4WD||$340||$704||$528||$32||$158||$1,762||$147|
|Sierra SLT Extended Cab 2WD||$340||$704||$528||$32||$158||$1,762||$147|
|Sierra SL Crew Cab 4WD||$340||$704||$528||$32||$158||$1,762||$147|
|Sierra SLT Extended Cab 4WD||$340||$704||$528||$32||$158||$1,762||$147|
|Sierra SLT Crew Cab 2WD||$340||$704||$528||$32||$158||$1,762||$147|
|Sierra SLT Crew Cab 4WD||$378||$810||$528||$32||$158||$1,906||$159|
|Sierra Denali Crew Cab 2WD||$378||$810||$528||$32||$158||$1,906||$159|
|Sierra Denali Crew Cab 4WD||$378||$810||$528||$32||$158||$1,906||$159|
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Cost estimates assume single female driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Maryland minimum liability limits. Discounts applied include homeowner, multi-vehicle, claim-free, safe-driver, and multi-policy. Rates do not factor in specific Baltimore garaging location which can raise or lower prices noticeably.
Insurance companies ranked
Insuring your vehicle with a highly-rated insurance provider is hard considering how many companies there are to choose from in Maryland. The ranking data in the lists below may help you pick which auto insurance companies to look at to insure your vehicles. The ratings below are only comprised of large nationwide companies, so smaller regional companies are not included in these rankings.
|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
The example below illustrates how choosing a deductible can affect insurance rates when searching for cheap insurance for a GMC Sierra. The costs are based on a married female driver, full physical damage coverage, and no discounts are applied to the premium.
A 30-year-old driver could reduce rates by $450 a year by switching the physical damage coverage from a $100 deductible to a $500 deductible, or save $678 by changing to a $1,000 deductible. Even younger drivers, like the age 20 example, can cut $958 every year by choosing a larger deductible amount.
If you do make the decision to raise your deductibles, it will be important to have plenty of discretionary funds to enable you to pay the extra out-of-pocket expense. That is the one disadvantage of using higher deductibles.
Get discount Baltimore car insurance
Car insurance companies that provide coverage for a GMC Sierra may also give you premium discounts that could lower prices by as much as 40% or more if you can meet the requirements. A few of the larger companies and some of their more popular discounts are included below.
- Progressive includes discounts for online quote discount, good student, continuous coverage, multi-vehicle, multi-policy, and homeowner.
- Farmers Insurance offers discounts for teen driver, distant student, multi-car, pay in full, early shopping, alternative fuel, and switch companies.
- Farm Bureau has discounts for safe driver, good student, multi-policy, multi-vehicle, driver training, and youthful driver.
- State Farm may have discounts that include student away at school, anti-theft, multiple autos, driver’s education, and defensive driving training.
- GEICO has savings for multi-policy, air bags, multi-vehicle, seat belt use, military active duty, and anti-lock brakes.
- SAFECO policyholders can earn discounts including multi-car, teen safe driver, safe driver, homeowner, accident prevention training, anti-theft, and anti-lock brakes.
- Liberty Mutual may include discounts for new graduate, teen driver discount, new move discount, multi-car, preferred payment discount, safety features, and multi-policy.
The information below illustrates the comparison of annual premium costs with and without discounts being applied to the rates. The premiums assume a female driver, no violations or claims, Maryland state minimum liability limits, comp and collision included, and $500 deductibles. The first bar for each age group shows insurance cost with no discounts. The second bar shows the rates with defensive driving course, homeowner, multiple vehicle, marriage, passive restraint, and vehicle safety discounts applied. When discounts are applied, theamount saved on insurance for a GMC Sierra is 28% or $689.
Difference between liability only and full coverage rates
Finding the cheapest insurance is the goal of most people, and one good way to lower the cost of insurance for a GMC Sierra is to not buy full coverage. The information below illustrates the comparison of insurance costs with full physical damage coverage and with liability coverage only. The premiums are based on no accidents or driving violations, $1,000 deductibles, single status, and no discounts are applied to the premium.
As an average, full coverage costs an additional $2,152 per year over and above liability only. That is a significant amount which raises the question if buying full coverage is worth the money. There is no clear-cut rule to exclude physical damage insurance, but there is a general school of thought. If the yearly cost of comp and collision coverage is more than around 10% of any settlement you would receive from your insurance company, then it could be time to drop full coverage.
There are some situations where buying only liability insurance is not a good plan. If you still owe money on your vehicle, you have to maintain full coverage in order to keep the loan. Also, if you don’t have enough money to buy a different vehicle if your current one is in an accident, you should keep full coverage.