How Much is Insurance for a GMC Sierra in New Mexico?

When the topic is car insurance, the word “cheap” shouldn’t be used anywhere in the article as a descriptor for auto insurance rates. The fact is, cheap auto insurance for a GMC Sierra does not exist. We’ll try to make it up to you, because we will teach you how you can still find auto insurance that doesn’t break your budget.

Finding the best cheap coverage for a GMC Sierra in New Mexico is contingent on a complex rating formula that takes into consideration things like your marital status, what you do for a living, and citations on your driving record. New Mexico drivers pay an average rate of $840 a year to buy insurance for a GMC Sierra, but that figure is calculated using a 40-year-old married male driver with full comprehensive and collision coverage and $1,000 policy deductibles.

There is a high probability that you are not 40 years old and maybe not even male, single instead of married, or maybe you have a teen driver on your policy that needs to be considered. Just a slight difference in rating variables can lead to a big change in how much insurance for a GMC Sierra costs.

Everyone has different rating factors, so your best shot at finding the most affordable coverage for your GMC is to comparison shop your policy at every renewal or at least every couple of years.

Find Cheaper GMC Sierra Insurance

The trim level of your GMC will influence the annual cost of coverage, so the cost to insure a Sierra SLE Regular Cab 2WD trim level will be $124 cheaper than the insurance cost for the higher-priced Sierra Denali Crew Cab 4WD trim level, as shown by the rates below.

Prices based on married male driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and New Mexico minimum liability limits. Discounts applied include multi-vehicle, multi-policy, claim-free, homeowner, and safe-driver. Table data does not factor in your specific New Mexico location which can revise auto insurance rates noticeably.

Ending up with the highest-rated insurance company can be difficult considering how many companies provide coverage in New Mexico. The company information below can help you choose which companies to look at when shopping around.

These rankings only include insurance companies that insure vehicles in the majority of U.S. states, so smaller companies are not included in this list. If you wish to compare prices from these and other companies in New Mexico, follow this link.

Impact of speeding/accidents on New Mexico auto insurance rates

In a perfect world, the best way to snag good auto insurance prices in New Mexico for a Sierra pickup is to pay attention while driving and avoid accidents and traffic citations. The example below illustrates how traffic citations and fender-benders drive up auto insurance costs for different age groups. The data is based on a single male driver, full coverage, $100 deductibles, and no discounts are taken into consideration.

google.charts.setOnLoadCallback(drawVioqcibChart);function drawVioqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘No Violations or Accidents’, ‘Two Speeding Tickets and No Accidents’, ‘Two Speeding Tickets and One Accident’],[‘Age 20’, 4141,4937,5737],[‘Age 30’, 2123,2917,3719],[‘Age 40’, 2121,2915,3717],[‘Age 50’, 1923,2717,3517],[‘Age 60’, 1857,2651,3453],[‘Age 70’, 2241,3035,3837]]);var options = {title: ‘Impact of Tickets and Claims on New Mexico GMC Sierra Insurance’,titleTextStyle: {color: ‘#333’, fontSize: 17, bold: true},width: ‘100%’,height: 600,’chartArea’: {left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’,textStyle: {fontSize: 12}},colors:[‘#b2da64′,’#eed355′,’#e39e71’],hAxis: {title: ‘Annual Insurance Cost for a GMC Sierra in New Mexico’,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);var chart = new google.visualization.BarChart(document.getElementById(‘qcibvio’));chart.draw(data, options);}

In the previous example, the average cost of an auto insurance policy in New Mexico per year with no accidents or violations is $2,401. Factor in two speeding tickets and the average cost surges to $3,195, an increase of $794 each year. Then include one accident along with the two speeding tickets and the annual cost of auto insurance for a GMC Sierra goes up to an average of $3,997. That’s an increase of $1,596, or $133 per month, just for being a little careless behind the wheel!

Discounts on New Mexico car insurance rates

Insurance providers that provide cheap insurance for a GMC Sierra in New Mexico may also provide premium discounts that can lower rates by 35% or more if you can meet the requirements. A list of auto insurance companies and their offered discounts include:

• State Farm may include discounts for accident-free, good student, multiple autos, passive restraint, Drive Safe & Save, driver’s education, and Steer Clear safe driver discount.
• GEICO may offer discounts for air bags, anti-lock brakes, five-year accident-free, multi-vehicle, military active duty, driver training, and multi-policy.
• Liberty Mutual includes discounts for new graduate, exclusive group savings, multi-car, safety features, and preferred payment discount.
• The Hartford offers premium reductions for driver training, anti-theft, vehicle fuel type, good student, bundle, and air bag.
• MetLife may have discounts that include good student, good driver, claim-free, accident-free, and defensive driver.
• Progressive policyholders can earn discounts including continuous coverage, multi-policy, multi-vehicle, online quote discount, and online signing.

The chart below shows the comparison of car insurance costs with and without discounts applied to the policy rates. The rates are based on a male driver, no claims or violations, New Mexico state minimum liability limits, comprehensive and collision coverage, and $1,000 deductibles.

The first bar for each age group shows insurance cost with no discounts. The lower bar shows the rates with vehicle safety, accident-free, passive restraint, anti-theft, homeowner, and multiple vehicle discounts applied. In this example, the the average yearly reduction on auto insurance for a GMC Sierra is 28% or $507.

google.charts.setOnLoadCallback(drawDiscqcibChart);function drawDiscqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘Male Driver No Discounts’, ‘Male Driver with Discounts’],[‘Age 20’, 3121,2243],[‘Age 30’, 1625,1175],[‘Age 40’, 1597,1157],[‘Age 50’, 1455,1053],[‘Age 60’, 1411,1023],[‘Age 70’, 1739,1253]]);var options = {title: ‘Insurance Rate Comparison for a GMC Sierra’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 500,’chartArea’:{left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’},colors: [‘#6791b9’, ‘#98bee2’],hAxis: {title: ‘Annual Insurance Cost for a GMC Sierra in New Mexico’,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);var chart = new google.visualization.BarChart(document.getElementById(‘qcibdisc’));chart.draw(data, options);}

How to find more affordable auto insurance for a GMC Sierra

It is possible to find better rates, and here are some money-saving ideas that can help you find more affordable car insurance.

• Do not file small claims
• Drop full coverage on older vehicles
• Buy vehicles with five-star safety ratings
• Increase deductibles to save money
• Save money by insuring your home and auto with the same company
• Increase your credit rating
• Compare rates regularly and switch companies to save money

The last suggestion is especially crucial, as we emphasized in the prior information. Car insurance rates can change considerably based on profitability, so don’t be hesitant to change insurance companies if you find a better deal. Many drivers tend to have loyalty to a certain company, but it’s not a great idea if that devotedness results in you overpaying several hundred dollars every year. In less than five minutes you could shop around to find cheaper car insurance for a GMC Sierra.