GMC Sierra Insurance Rates in Los Angeles

Feeling guilty for buying high-priced GMC Sierra insurance in Los Angeles? It’s quite common and many Los Angeles drivers have buyer’s remorse.

A study showed that a large majority of drivers have bought auto insurance from the same company for well over three years, and just short of a majority have never shopped around. Consumers in Los Angeles could save nearly 35% each year by just comparing quotes, but most tend to underestimate the amount of money they would save if they switch to a new company. With so many options when it comes to auto insurance, it’s nearly impossible to find the most cost effective auto insurance provider.

You should take the time to take a look at other company’s rates before your policy renews since prices are adjusted regularly by insurance companies. Just because you found the best deal on GMC Sierra insurance in Los Angeles six months ago a different company probably has better rates today. Don’t believe everything you read about Sierra insurance out there, but in a few minutes you can learn a lot of great tips on how to lower your auto insurance bill.

Choosing the best rates in Los Angeles is much easier if you know where to start. If you have a current car insurance policy or just want cheaper rates, you can learn to save money and still have adequate protection. Smart shoppers only need an understanding of the most efficient way to get comparison rates online.

Cheapest car insurance in Los Angeles, CA

The companies shown below provide comparison quotes in California. If more than one company is shown, we suggest you get price quotes from several of them to get the cheapest price.

GMC Sierra detailed coverage information

The premium table shown next covers different insurance prices for GMC Sierra models. Having a better idea how prices are calculated helps drivers make decisions on the best policy to buy.

Prices above 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, safe-driver, claim-free, and multi-vehicle. Rates do not factor in specific Los Angeles garaging location which can revise premium rates substantially.

Deductible comparison

When comparing car insurance rates, the most common question is how high should the deductibles for physical damage be. The following tables sum up the premium difference when you choose different policy deductibles. The first set of rates uses a $250 deductible for physical damage and the second rate table uses a $1,000 deductible.

Prices based on married male driver age 30, no speeding tickets, no at-fault accidents, and California minimum liability limits. Discounts applied include multi-vehicle, safe-driver, multi-policy, claim-free, and homeowner. Rate quotes do not factor in specific location which can raise or lower price quotes noticeably.

Based on the above data, using a $250 deductible would cost the average driver about $36 more each month or $432 annually across all GMC Sierra models than opting for the higher $1,000 deductible. Because you would be required to pay $750 more out of your own pocket with a $1,000 deductible as compared to a $250 deductible, if you tend to average more than 21 months between claim filings, you would probably save some money by going with a higher deductible.

Driving violations and accidents

The chart below illustrates how violations and accidents can drive up GMC Sierra car insurance rates for different age categories. The premiums are based on a single female driver, full physical damage coverage, $500 deductibles, and no other discounts are factored in.

Difference between liability only and full coverage rates

The example below illustrates the difference between GMC Sierra annual premium costs when comparing full coverage to liability only. The premium estimates are based on no claims, a clean driving record, $100 deductibles, single status, and no discounts are applied.

When to stop buying full coverage

There isn’t a steadfast formula for phasing out physical damage insurance, but there is a general guideline you can use. If the annual cost of your full coverage insurance is about 10% or more of any settlement you would receive from your insurance company, then it could be time to drop full coverage.

For example, let’s say your GMC Sierra replacement value is $8,000 and you have $1,000 physical damage deductibles. If your vehicle is severely damaged, you would only receive $7,000 after the policy deductible has been paid. If premiums are more than $700 annually for full coverage, then you may need to consider dropping full coverage.

There are a few situations where dropping full coverage is not a good idea. If you still have a lienholder on your title, you have to carry full coverage to satisfy the loan requirements. Also, if you can’t afford to buy a different vehicle in the event your current vehicle is totaled, you should keep full coverage.

Save with these discounts on GMC Sierra insurance in Los Angeles

Some insurance providers don’t always publicize every policy discount in an easy-to-find place, so we break down a few of the more common and the more hidden discounts you could be receiving when you buy Los Angeles auto insurance online.

• ABS Brakes – Cars and trucks equipped with ABS or steering control are safer to drive and therefore earn up to a 10% discount.
• Discounts for Federal Employees – Federal government employees could provide a small rate reduction with some car insurance companies.
• Resident Student – Kids who are attending college without a vehicle on campus may be able to be covered for less.
• Life Insurance – Larger insurance companies have a discount if you purchase a life policy as well.
• Bundle and Save – If you combine your home and auto policies and insure them both with the same insurance company they may give you a discount of at least 10 to 15 percent or more.

Don’t be shocked that most discounts do not apply to all coverage premiums. A few only apply to individual premiums such as comp or med pay. So even though you would think having all the discounts means you get insurance for free, it’s just not the way it works.

The chart below visualizes the comparison of GMC Sierra insurance costs with and without policy discounts. The price estimates are based on a male driver, no driving violations, no at-fault accidents, California state minimum liability limits, comp and collision included, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, claim-free, homeowner, safe-driver, multi-policy, and marriage discounts applied.

Companies and the discounts they provide are:

• American Family discounts include TimeAway discount, bundled insurance, accident-free, mySafetyValet, Steer into Savings, and multi-vehicle.
• State Farm may offer discounts for multiple autos, Drive Safe & Save, accident-free, defensive driving training, passive restraint, student away at school, and Steer Clear safe driver discount.
• 21st Century includes discounts for homeowners, good student, teen driver, defensive driver, driver training, 55 and older, and student driver.
• Travelers offers premium reductions for driver training, student away at school, hybrid/electric vehicle, continuous insurance, multi-car, new car, and payment discounts.
• GEICO may include discounts for anti-theft, military active duty, air bags, anti-lock brakes, driver training, and defensive driver.

If you want inexpensive Los Angeles auto insurance quotes, ask every prospective company which discounts you may be entitled to. Savings might not apply in Los Angeles. To see a list of insurance companies that offer the discounts shown above in Los Angeles, click this link.

What Determines GMC Sierra Insurance Costs?

Many things are taken into consideration when you get a price on insurance. Some factors are common sense such as traffic violations, but other criteria are not as apparent like where you live or how financially stable you are. A large part of saving on auto insurance is knowing the different types of things that play a part in calculating the level of your policy premiums. When you understand what determines base rates, this allows you to make educated decisions that can help you get better auto insurance rates.

The itemized list below are some of the factors utilized by car insurance companies to help set premiums.

Get hitched and get cheaper rates – Your spouse helps lower the price when buying auto insurance. Marriage usually means you are more mature and responsible and it’s proven that married drivers get in fewer accidents.

How many miles do you drive? – The more you drive your GMC in a year the higher your rate. The majority of insurers charge to insure your cars based on how the vehicle is used. Cars used primarily for pleasure use qualify for better rates than vehicles that are driven to work every day. Having the wrong rating on your Sierra is throwing money out the window. Make sure your auto insurance policy shows annual mileage.

Can a thief steal your car? – Selecting a car model with advanced anti-theft systems can get you a discount on your auto insurance. Anti-theft features like OnStar, LoJack tracking, and tamper alarms all help stop vehicle theft.

Raise coverage deductibles and save – Protection for physical damage, termed comprehensive and collision coverage on your policy, covers damage that occurs to your GMC. Examples of some claims that would be covered are colliding with a building, vandalism, and windstorm damage. The deductibles you choose represent how much money you are required to spend out-of-pocket if a claim is determined to be covered. The more you are required to pay out-of-pocket, the lower your rates will be.

Liability coverage preserves assets – Your policy’s liability coverage is the coverage that protects you if ever you are responsible for physical damage or personal injury to other. This coverage provides you with a defense in court which can cost thousands of dollars. This coverage is very inexpensive compared to other policy coverages, so do not cut corners here.

Prices and your address – Choosing to live in less populated areas can be a good thing if you are looking for the lowest rates. Fewer drivers and short commutes means a lower chance of having an accident and lower theft and vandalism rates. Residents of big cities have to deal with more aggressive driving styles and much longer commute distances. More time on the road statistically corresponds to a higher accident and claim rate.

Safer vehicles cost less to insure – Cars with five star safety ratings get lower rates. Vehicles built for safety reduce the chance of injuries and fewer injuries means less money paid by your insurance company which can result in lower premiums.

Insurance loss statistics a GMC Sierra – Insurance companies use statistical claims data to determine a rate that will be profitable for them. Models that historically have higher losses will be charged more to insure.

The next table shows the actual insurance loss data for GMC Sierra vehicles. For each policy coverage type, the loss probability for all vehicles, regardless of manufacturer or model, is set at 100. Numbers below 100 suggest a positive loss record, while numbers that are greater than 100 indicate more frequent losses or tendency to have larger claims.

Insurance can get complicated

When it comes to choosing the best insurance coverage, there really is no one-size-fits-all type of policy. Your financial needs are unique and a cookie cutter policy won’t apply.
Here are some questions about coverages that may help you determine if you could use an agent’s help.

• Can I rate high risk drivers on liability-only vehicles?
• Is my ex-spouse still covered by my policy?
• How can I get my company to pay me more for my totaled car?
• Should I rate my GMC Sierra as pleasure use or commute?
• Is there a penalty for late payment?
• Am I covered if I back into my garage door?
• Why do I need rental car insurance?
• Is my state a no-fault state?

If you can’t answer these questions, then you may want to think about talking to an agent. To find an agent in your area, take a second and complete this form or click here for a list of insurance companies in your area. It is quick, free and can help protect your family.

Buying car insurance from Los Angeles car insurance agents

A lot of people would rather buy from a licensed agent and that is not a bad decision Licensed agents can point out coverage gaps and help file insurance claims. A good thing about comparing insurance prices online is the fact that drivers can get better rates and still buy from a local agent.

For easy comparison, once you complete this form (opens in new window), your coverage information is emailed to insurance agents in Los Angeles that can give you free Los Angeles auto insurance quotes to get your business. It simplifies rate comparisons since you won’t have to visit any agencies as quotes are delivered to you. In the event you want to get a rate quote from a specific car insurance provider, you would need to go to their quote page and fill out their quote form.

Choosing an provider shouldn’t rely on just a cheap quote. You should also get answers to these questions.

• Will the company cover a rental car if your car is getting fixed?
• Does the agent have professional designations like CIC, CPCU or AIC?
• Which family members are covered?
• Do they receive special compensation for putting your coverage with one company over another?
• What insurance company do they write the most business with?
• Do clients work directly with the agent or are most inquiries handled by a CSR?
• What is their Better Business Bureau rating?
• Do they review policy coverages at every renewal?

Upon getting positive responses to any questions you have and locked in a price quote, it’s a good possibility that you have found an provider that is professional and can adequately provide car insurance. Just understand that you can terminate your policy when you choose so don’t feel that you are obligated to a policy with no way out.

Persistent drivers can save

We just covered many ideas to reduce GMC Sierra insurance premium rates online in Los Angeles. The most important thing to understand is the more times you quote, the higher the chance of saving money. You may even find the lowest premium rates come from a small local company. Some small companies may cover specific market segments cheaper than the large multi-state companies such as Allstate or State Farm.

As you shop your coverage around, never buy poor coverage just to save money. There have been many situations where drivers have reduced uninsured motorist or liability limits and found out when filing a claim that a couple dollars of savings turned into a financial nightmare. The goal is to find the BEST coverage at a price you can afford, but do not sacrifice coverage to save money.

To read more, link through to the resources below:

• Neck Injury FAQ (iihs.org)
• Who Has the Cheapest Auto Insurance Rates for Infrequent Drivers in Los Angeles? (FAQ)
• Who Has Affordable Los Angeles Car Insurance Quotes for Ride Shares? (FAQ)
• Who Has the Cheapest Auto Insurance Rates for a Honda Civic in Los Angeles? (FAQ)
• Who Has Affordable Car Insurance for Young Drivers in Los Angeles? (FAQ)
• Vehicle Size and Weight FAQ (iihs.org)
• Side Impact Crash Tests (iihs.org)
• Bodily Injury Coverage (Liberty Mutual)
• Distracted Driving Statistics (Insurance Information Institute)