Cheap Insurance for a GMC Sierra in Florida

When writing about shopping for car insurance, the words cheap or affordable should never appear as a descriptor for car insurance rates. Excuse the oxymoron, but cheap car insurance for a GMC Sierra may be a thing of the past. But don’t let us ruin your dream, because we are going to tell you how you can still find insurance that is easy on your budget.

Whether or not you can find affordable coverage for a GMC Sierra in Florida depends on a complex calculation that is influenced by things such as how old the vehicle is, your address, and any prior driving offenses. Drivers in Florida pay approximately $1,290 a year to insure a Sierra, but that cost is a ballpark figure that rates a 30-year-old married male with full coverage including both comprehensive and collision and $500 physical damage deductibles.

There’s a high likelihood you are not a 30-year-old male, single instead of married, or maybe you prefer higher deductibles. Not everyone needs the same coverages, so the way we recommend to find cheap insurance prices for your GMC is to make a habit of comparing prices at least once a year. Price quotes are quick and you will receive rate quotes from the cheapest companies that sell coverage in Florida.

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Your vehicle’s trim level impacts the coverage cost, so the price you pay to insure a Sierra SLE Regular Cab 2WD trim level will be $224 less expensive the price to insure the more well-appointed Sierra Denali Crew Cab 4WD model, as shown in the table below.

Data based on married male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Florida minimum liability limits. Discounts applied include safe-driver, homeowner, multi-policy, claim-free, and multi-vehicle. Premium costs do not factor in zip code location which can influence rates substantially.

Deciding which insurers offer the most affordable insurance rates for a GMC Sierra involves a little more sweat than just comparing rates from one or two companies.

Every insurance company has a proprietary formula for filing rates in each state, so we’ll go over the insurance companies with the overall best prices in Florida. It’s important to understand that Florida insurance rates are influenced by many factors which can significantly increase or decrease the price you have to pay for coverage. Simply getting older, marrying your spouse, or getting into an accident can produce rate changes resulting in some rates now being cheaper than competitors.

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USAA normally has some of the lowest car insurance rates in Florida at around $948 annually. Electric, Amica, Progressive, and Travelers are also some of the cheaper Florida auto insurance companies.

As the rates illustrate above, if you currently have a policy with Progressive and switched to Electric, you might realize a yearly savings of roughly $153. Customers with Travelers might save as much as $175 a year, and Mercury insureds might reduce rates by $239 a year.

To get a quick, customized rate comparison, click here to start your custom quote or visit several of the following companies.

It’s important to note that these estimates are averages across all insureds and vehicles and do not take into consideration a specific rating modification for a GMC Sierra. So the insurer that has the lowest price for you may not even be shown in the chart above. That points out the importance of why you need to compare as many prices as possible using your own driver information and specific vehicle type.

Impact of speeding/accidents on insurance rates

In a perfect world, the best way to get affordable insurance premiums in Florida for a Sierra pickup is to drive attentively and avoid traffic citations and accidents. The example below shows how traffic citations and at-fault accidents can affect premium costs for different age groups. The premium estimates are based on a single female driver, comp and collision included, $500 deductibles, and no policy discounts are applied.

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In the previous example, the average cost of an auto insurance policy per year with a clean driving record and no accidents is $2,384. Receive one speeding ticket and the average cost jumps to $2,702, an increase of $318 each year. Then throw in one accident along with the one speeding ticket and the yearly cost of insurance for a GMC Sierra jumps again to an average of $3,598. That’s an increase of $1,214, or $101 per month, just for not driving responsibly!

The example below illustrates how your choice of deductibles can affect insurance costs when getting quotes for cheap insurance for a GMC Sierra. The premium estimates are based on a married male driver, full physical damage coverage, and no other discounts are factored in.

google.charts.setOnLoadCallback(drawDfdqcibChart);function drawDfdqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘$100 Deductible’,’$250 Deductible’,’$500 Deductible’,’$1,000 Deductible’],[‘Age 20’, 4613,4183,3707,3259],[‘Age 30’, 2419,2191,1931,1681],[‘Age 40’, 2311,2105,1865,1637],[‘Age 50’, 2111,1921,1705,1501],[‘Age 60’, 2075,1887,1675,1473],[‘Age 70’, 2371,2167,1941,1727]]);var options = {title: ‘Deductible Levels and GMC Sierra Insurance Rates in Florida’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 700,’chartArea’: {left:100,top:50,’width’: ‘100%’,’height’: ‘80%’},legend: {position: ‘bottom’,textStyle: {fontSize: 12}},bar: {groupWidth: ‘80%’},colors: [‘#6791b9′,’#75a8d8′,’#98bee2′,’#bad4ec’],hAxis: {title: ‘Annual Insurance Cost for a GMC Sierra’,minValue: 0,format: ‘$###,###’},vAxis: {title: ‘Age of Insured’}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});formatter.format(data,1);formatter.format(data,2);formatter.format(data,3);formatter.format(data,4);var chart = new google.visualization.BarChart(document.getElementById(‘qcibdfd’));chart.draw(data, options);}

The data above shows that a 50-year-old driver could lower their policy premium by $406 a year by increasing from a $100 deductible to a $500 deductible, or save $610 by switching to a $1,000 deductible. Even younger insureds, such as the 20-year-old example, could possibly save up to $1,354 every year just by choosing higher deductibles. If you make the decision to raise deductibles, it will be important to have plenty of discretionary funds to offset the extra out-of-pocket expense, which is the main drawback of higher deductibles.

Geico, Progressive, State Farm, or Allstate: Who is best?

If you want the best insurance for a Sierra pickup in Florida, the four most popular companies are Geico, Progressive, State Farm, and Allstate. If you combine them together, they insure almost half of the car insurance market in the United States. All of them have a different combination of discounts, features, and options that may influence your choice. The following table shows ratings and policy coverage options that are available.