Finding the cheapest car insurance for a GMC Sierra in Michigan doesn’t take a ton of time, but it is dependent upon a whole bunch of rating criteria such as your marital status, the likelihood of your vehicle being stolen, and the deductible amount you use. Drivers in Michigan pay on average $2,668 a year for Sierra insurance, but that price is a projection calculated using a 30-year-old married female driver with full coverage and $100 deductibles.
But there is a good chance that you may not be 30 years old (or even female), possibly single instead of married, or maybe you have a teenager that needs to be on your policy. The different assumptions illustrate why the only way to find the cheapest coverage for your GMC is to compare as many rates as you can. It’s really quite easy you will receive rate quotes from some of the most affordable companies that insure GMC vehicles in Michigan.
The trim level of your GMC will influence the insurance rate, so the price to insure a Sierra SLE Regular Cab 2WD will be $522 less than the insurance cost for the more expensive Sierra Denali Crew Cab 4WD version, as shown in the table below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Sierra SLE Regular Cab 2WD||$576||$1052||$704||$42||$210||$2,584||$215|
|Sierra SL Extended Cab 2WD||$576||$1052||$704||$42||$210||$2,584||$215|
|Sierra SLE Crew Cab 2WD||$576||$1052||$704||$42||$210||$2,584||$215|
|Sierra SL Crew Cab 2WD||$650||$1240||$704||$42||$210||$2,846||$237|
|Sierra SLE Crew Cab 2WD||$650||$1240||$704||$42||$210||$2,846||$237|
|Sierra SLE Regular Cab 4WD||$650||$1240||$704||$42||$210||$2,846||$237|
|Sierra SLE Extended Cab 4WD||$650||$1240||$704||$42||$210||$2,846||$237|
|Sierra SLE Crew Cab 4WD||$650||$1240||$704||$42||$210||$2,846||$237|
|Sierra SLT Extended Cab 2WD||$650||$1240||$704||$42||$210||$2,846||$237|
|Sierra SL Crew Cab 4WD||$650||$1240||$704||$42||$210||$2,846||$237|
|Sierra SLT Extended Cab 4WD||$650||$1240||$704||$42||$210||$2,846||$237|
|Sierra SLT Crew Cab 2WD||$650||$1240||$704||$42||$210||$2,846||$237|
|Sierra SLT Crew Cab 4WD||$724||$1426||$704||$42||$210||$3,106||$259|
|Sierra Denali Crew Cab 2WD||$724||$1426||$704||$42||$210||$3,106||$259|
|Sierra Denali Crew Cab 4WD||$724||$1426||$704||$42||$210||$3,106||$259|
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Prices above based on married female driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Michigan minimum liability limits. Discounts applied include multi-policy, multi-vehicle, claim-free, safe-driver, and homeowner. Price estimates do not factor in specific zip code location which can affect rates greatly.
Picking a highly-rated insurer can be a challenge considering how many companies sell insurance in Michigan. The rank data shown below could help you pick which car insurance providers you want to consider when shopping around. The rankings below include the largest companies in America, so companies without a large exposure will not be 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
Full coverage versus liability-only
Saving money when shopping for car insurance should be important to most drivers, and one common way to pay lower rates for insurance for a GMC Sierra is to not pay for full coverage. The diagram below illustrates the difference between premium costs with liability coverage only compared to full coverage. The premium estimates are based on no violations or claims, $500 deductibles, drivers are single, and no other discounts are factored in.
As an average, physical damage coverage on your policy costs $4,136 per year more than insuring for liability only. That proposes the question if it’s a good idea to buy full coverage. There is no definitive formula to stop paying for physical damage insurance, but there is a broad guideline. If the annual cost of your full coverage insurance is about 10% or more of the settlement you would receive from your company, then it’s probably a good time to buy liability coverage only.
For example, let’s pretend your vehicle’s settlement value is $4,000 and you have $1,000 policy deductibles. If your vehicle is destroyed, the most you would receive is $3,000 after paying the physical damage deductible. If it’s costing in excess of $300 annually for full coverage, then you might want to consider buying only liability coverage.
Discount Detroit auto insurance rates
Car insurance companies that sell policies for a GMC Sierra may additionally offer rate discounts that can reduce rates by as much as 30% if you meet certain criteria. A few popular companies and their offered discounts can be read below.
- 21st Century may offer discounts for anti-lock brakes, defensive driver, good student, theft prevention, and driver training.
- State Farm includes discounts for anti-theft, driver’s education, multiple policy, good student, Steer Clear safe driver discount, and accident-free.
- AAA offers discounts for anti-theft, education and occupation, good driver, AAA membership discount, good student, pay-in-full, and multi-policy.
- Liberty Mutual may include discounts for preferred payment discount, multi-policy, newly married, good student, and multi-car.
- Progressive has discounts for multi-vehicle, homeowner, continuous coverage, online signing, multi-policy, online quote discount, and good student.
The diagram below shows the comparison of insurance costs with and without policy discounts. The prices are based on a male driver, a clean driving record, no at-fault accidents, Michigan state minimum liability limits, full physical damage coverage, and $500 deductibles. The first bar for each age group shows the average annual price with no discounts. The second bar shows the rates with vehicle safety, defensive driving course, homeowner, anti-theft, safe-driver, and passive restraint discounts applied. When these discounts are applied, the average amount saved each year on car insurance for a GMC Sierra is 28% or $1,069.
Comparing rates on Sierra insurance can save you money
Detroit, MI car insurance rates are impacted by many things that will increase or decrease the cost of having a policy. Simply improving your credit, buying a home, or getting caught speeding can trigger changes in premium resulting in some rates now being more affordable than others. Not only may things change on your end, but auto insurance companies file new Michigan auto insurance rates as often as every three months to help ensure profitability. A period of increased losses may result in a rate increase, while a profitable period may result in more affordable Sierra insurance rates.
To illustrate this example, the bar chart below shows the company with the cheapest car insurance in Detroit, MI for a 45-year-old male driver with no prior accidents, a clean driving record, and a good credit rating. If we estimate rates based on his current situation, USAA offers the cheapest car insurance rates in Detroit at $2,190 a year. This is $203 less than the average policy premium paid by Michigan drivers of $2,393. GEICO, Safeco, MetLife, and Chubb are the remainder of the cheapest Detroit, MI auto insurance companies.
Now we will pretend the driver in the first example an accident claim, a lower credit rating, and a stop sign violation. Due to the fact that every insurance company has their own unique process for filing rates in each state, comparing prices could now result in a slightly different list of the cheapest companies as shown below.
GEICO now has the best price on car insurance in Detroit with Pioneer State Mutual, USAA, Safeco, and Hastings Mutual completing the list. This example illustrates why it is critical to compare rates when trying to find the lowest insurance quotes for a GMC Sierra.
Insurance prices are calculated by many risk factors and change dramatically, so the cheapest company the last time you shopped your coverage around may now be one of the higher cost companies.
If you prefer to have the advice of a professional agent when trying to find the best insurance rates for a Sierra pickup, the insurance agencies below can most likely help you make a decision which coverages you need. To find a Detroit insurance agent by location nearest to you, click the button link following the list or click here to get price quotes now.
- L A Insurance
6248 Michigan Ave – Detroit, MI 48210 – (313) 896-1000
- Advasure Insurance
13600 W 8 Mile Rd C – Detroit, MI 48205 – (313) 521-0300
- Insurance Services of Michigan
615 Griswold St Griswold – Detroit, MI 48226 – (313) 963-7170
- Angela Hughes – State Farm Insurance Agent
14511 W McNichols Rd – Detroit, MI 48235 – (313) 862-7800
- Premier Insurance
16119 W Warren Ave – Detroit, MI 48228 – (313) 582-1500
How to find more affordable insurance for a GMC Sierra
Here are many thrifty ideas that can help Michigan drivers buy cheaper coverage.
- Save money by staying claim-free
- Accidents can significantly increase rates
- Do not insure for full coverage
- Vehicles with safetly features generally cost less to insure
- Violations like speeding or DUI increase rates
- Save money by insuring your home and auto with the same company
- Shop around for cheaper prices often
The last tip in the list is extraordinarily critical, as was noted in the prior information. Insurance prices fluctuate considerably, so don’t be tentative to buy a policy from a new company if a more affordable price is available.
Many drivers have brand loyalty and that’s fine, but it’s not recommended if that loyalty results in overpaying money that could be used for better things. In just a couple of minutes you could compare rates and find cheaper insurance for a GMC Sierra in Detroit.