Who Has Cheap Lubbock Auto Insurance for a GMC Sierra?

Finding the best cheap insurance for a GMC Sierra in Texas relies on many different factors such as whether you use your Sierra for business use, your claims history, and any prior driving offenses. Drivers pay around $1,524 a year for Sierra insurance, but that price is an estimate using a 40-year-old single male driver with full physical damage coverage and $250 deductibles.

But there is a high probability that you are not 40 years old and maybe not even male, possibly married instead of single, or maybe you have a speeding ticket or two that will increase rates. Having different needs demonstrates why the best way to find cheap insurance rates for your GMC is to compare as many rates as you can.

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The trim level of your Sierra has an effect on the coverage cost, so the price to insure a Sierra SLE Regular Cab 2WD model will be $278 cheaper than the price to insure the more expensive Sierra Denali Crew Cab 4WD version, as shown by the rates below.

Data based on single male driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Texas minimum liability limits. Discounts applied include safe-driver, homeowner, multi-policy, claim-free, and multi-vehicle. Table data does not factor in specific zip code location which can influence price quotes noticeably.

Buying reasonably-priced auto insurance is easier said than done, and finding out which companies offer the cheapest car insurance rates for a GMC Sierra will take even more diligence. Every insurance provider uses their own method for determining rates in each state, so let’s rank the most budget-friendly car insurance companies in Lubbock, TX.

It’s important that you understand Texas car insurance rates are impacted by many things that can increase the price you pay for coverage. Price variation is why Lubbock drivers need to compare lots of rates when trying to get the most budget-friendly auto insurance rates for a GMC Sierra. Car insurance prices can be altered by many risk factors and can change substantially, so the most economical company two years ago may now be quite expensive.

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Travelers quotes some of the lowest car insurance rates in Lubbock at around $1,010 annually. This is $894 less than the average price paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and Esurance also are some of the cheaper Lubbock, TX auto insurance companies.

In the above rates, if you buy coverage from Texas Farm Bureau and switched to Travelers, you could realize yearly savings of roughly $189. Drivers with Germania Mutual might save as much as $246 a year, and Esurance policyholders might reduce prices by as much as $369 a year.

Bear in mind that those premiums are averages across all drivers and vehicles and and are not figured with a specific vehicle garaging location for a GMC Sierra. So the car insurance company that can offer the best rates for your situation may not even be in the top 23 companies in the list above. That illustrates why you need to quote rates from as many companies as possible using your own individual information.

Does full coverage make sense?

Reducing the cost of car insurance is the goal of the majority of vehicle owners, and one of the quickest ways to reduce the cost of insurance for a GMC Sierra is to only buy liability coverage. The diagram below compares car insurance costs with full physical damage coverage compared to only buying the minimum liability limits required in Texas. The rates are based on no violations or claims, $100 deductibles, drivers are not married, and no other discounts are factored in.

Averaged for all ages 20 through 70, physical damage coverage on your policy costs an extra $3,084 per year over and above liability coverage. Many drivers will wonder if buying full coverage is a good investment. There is no definitive formula to eliminate physical damage insurance, but there is a guideline you can use. If the annual cost of comprehensive and collision coverage is more than 10% of the vehicle’s replacement cost less your deductible, the it may be a good time to stop paying for full coverage.

There are some conditions where removing full coverage is not recommended. If you still have a lienholder on your title, you are required to maintain full coverage in order to satisfy the requirements of the loan. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is totaled, you should not consider dropping full coverage.

The chart below demonstrates how deductible levels can change insurance premiums when trying to find cheap insurance for a GMC Sierra. Data assumes a single male driver, comprehensive and collision coverage, and no discounts are taken into consideration.

In the chart above, a 30-year-old driver could reduce rates by $422 a year by changing their physical damage coverage from a $100 deductible up to a $500 deductible, or save $634 by changing to a $1,000 deductible. Even younger insureds, such as the 20-year-old example, could roll back prices as much as $1,236 each year by using a higher deductible.

If you do make the decision to raise your deductibles, it will be necessary to have emergency funds available to be able to pay the extra out-of-pocket expense, which is the main disadvantage of using high deductibles.

If you have coverage questions and would like to have a professional recommendation when comparing insurance rates for a GMC Sierra, the agents below can probably provide answers to your questions and help you determine which auto insurance coverages would be the best in your situation. To find a Lubbock insurance agent close to you, click the button following the list or click here to compare rates now.

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How to find the cheapest auto insurance for a GMC Sierra

The list below summarizes some of the better money-saving suggestions that can help drivers find cheap car insurance.

• Vehicles with safetly features generally cost less to insure
• Buying home and auto insurance together can earn discounts
• Good credit can help you save money
• Avoid filing excessive claims
• Drop full coverage on older vehicles
• Higher comprehensive and collision coverage deductibles will save money
• Shop around for cheaper prices often

The last tip is extraordinarily crucial, as was affirmed in this piece. Insurance rates in Lubbock can change considerably based on profitability, so don’t be unwilling to switch companies if a lower-cost policy is available.

Being loyal to a particular company is commendable, but we do not recommend it if that loyalty results in overpaying money that could be going to better use. In less than five minutes you could compare prices to find cheaper insurance for a GMC Sierra.