Cheap Las Vegas GMC Sierra Insurance

It takes a few minutes, but the best way to find more affordable car insurance rates in Las Vegas is to regularly compare prices from different companies that sell auto insurance in Nevada.

Step 1: Try to learn a little about how your policy works and the changes you can make to keep rates low. Many policy risk factors that cause rate increases like getting speeding tickets and a poor credit score can be controlled by making minor changes in your lifestyle.

Step 2: Get rate quotes from exclusive agents, independent agents, and direct providers. Direct and exclusive agents can only provide price estimates from one company like GEICO or Farmers Insurance, while agents who are independent can give you price quotes for a wide range of companies.

Step 3: Compare the new quotes to your existing policy to see if switching to a new carrier will save money. If you find a lower rate quote, verify that coverage does not lapse between policies.

Step 4: Provide proper notification to your current company of your intent to cancel your current coverage. Submit payment and a completed application for the new policy. When you receive it, put the new certificate of insurance in an easily accessible location.

One important bit of advice is to try to use identical deductibles and limits on each quote and and to get rates from as many different insurance providers as possible. This guarantees a fair rate comparison and and a good selection of different prices.

Unthinkable but true, 70% of consumers have been with the same company for more than four years, and virtually 40% of consumers have never even compared rates from other companies. With the average insurance premium being $1,620, Las Vegas drivers could save $545 a year by just comparing quotes, but they just don’t understand how much they could save if they switched to a more affordable policy.

Locating the best insurance company for you in Las Vegas is much easier if you have a good place to start. If you have insurance now or want to find a cheaper company, you can use these techniques to save money without sacrificing coverage. Consumers just have to know the proper methods to find the lowest price over the internet.

The quickest method we recommend to compare car insurance rates for GMC Sierra insurance in Las Vegas is to understand most of the larger companies participate in online systems to provide you with a free rate quote. To begin a comparison, all you need to do is provide a little information including if you lease or own, whether you have decent credit, if you’re married, and any included safety features. That rating information is then submitted to insurance carriers in your area and you should receive rate quotes immediately.

To start a rate quote now, click here and see if a lower rate is available in Las Vegas.

The auto insurance companies shown below have been selected to offer comparison quotes in Nevada. If your goal is to find the best cheap auto insurance in Las Vegas, it’s a good idea that you get rates from several of them in order to get a fair rate comparison.

GMC Sierra insurance rates and statistics

The coverage table displayed next outlines estimates of insurance rates for GMC Sierra models. Having insight into how auto insurance prices are figured can help drivers make decisions on which insurance to purchase.

Data based on married male driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Nevada minimum liability limits. Discounts applied include multi-policy, safe-driver, homeowner, claim-free, and multi-vehicle. Price estimates do not factor in Las Vegas location which can lower or raise premiums greatly.

Deductible analysis

When shopping for auto insurance, a common question is the level to set your comp and collision deductibles. The premium rates below show the rate difference between low and high comp and collision deductibles. The first set of prices uses a $250 deductible and the second set of rates uses a $1,000 deductible.

Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Nevada minimum liability limits. Discounts applied include multi-policy, safe-driver, multi-vehicle, homeowner, and claim-free. Premium amounts do not factor in garaging location in Las Vegas which can influence coverage rates noticeably.

Using the data above, we can ascertain that using a $250 deductible costs roughly $25 more each month or $300 each year across all GMC Sierra models than selecting the higher $1,000 deductible. Since you would have to pay $750 more to settle a claim with a $1,000 deductible as compared to a $250 deductible, if you normally go at least 30 months between claim filings, you would more than likely save some money if you choose a higher deductible.

The chart below illustrates how your deductible choice and can impact GMC Sierra insurance costs for different age categories. The premium estimates are based on a single male driver, full coverage, and no other discounts are factored in.

Cost of full coverage

The chart below illustrates the comparison of GMC Sierra premium costs with full coverage compared to only the Nevada minimum liability coverage. The costs are based on no tickets, no at-fault accidents, $250 deductibles, marital status is single, and no discounts are applied.

When to stop buying physical damage coverage

There is no written rule to exclude full coverage on your policy, but there is a guideline you can consider. If the yearly cost for physical damage coverage is more than about 10% of the replacement cost of your vehicle minus the policy deductible, then you may need to consider dropping full coverage.

For example, let’s assume your GMC Sierra replacement cost is $4,000 and you have $1,000 full coverage deductibles. If your vehicle is damaged in an accident, you would only receive $3,000 after the deductible is paid. If you are currently paying more than $300 a year for your policy with full coverage, then you may need to consider dropping full coverage.

There are some cases where dropping physical damage coverage is not a good plan. If you still have a lienholder on your title, you have to carry full coverage as part of the loan conditions. Also, if you can’t afford to buy a different vehicle in the event your current vehicle is totaled, you should not drop full coverage.

Auto insurance is not optional

Despite the high cost of buying insurance for a GMC Sierra in Las Vegas, paying for auto insurance may be required and benefits you in several ways.

• Almost all states have minimum liability requirements which means you are required to carry a specific minimum amount of liability in order to drive the car. In Nevada these limits are 15/30/10 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
• If you have a lien on your vehicle, most lenders will require that you have physical damage coverage to guarantee payment of the loan. If you default on your policy, the lender will be forced to insure your GMC for a lot more money and require you to fork over much more than you were paying before.
• Insurance protects not only your car but also your assets. It also can pay for most medical and hospital costs incurred in an accident. Liability insurance, one of your policy coverages, also pays for attorney fees and expenses if you cause an accident and are sued. If damage is caused by hail or an accident, collision and comprehensive coverages will cover the repair costs.

The benefits of carrying adequate insurance definitely exceed the cost, especially for larger claims. In a recent study of 1,000 drivers, the average customer is wasting up to $700 annually so compare quotes from several companies at every policy renewal to help ensure money is not being wasted.

Insurance coverage options for a GMC Sierra

Learning about specific coverages of a insurance policy helps when choosing the best coverages and proper limits and deductibles. Policy terminology can be ambiguous and reading a policy is terribly boring. Listed below are typical coverages offered by insurance companies.

Comprehensive coverage (or Other than Collision) – Comprehensive insurance pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for things such as a broken windshield, hail damage, a tree branch falling on your vehicle and theft. The maximum amount you can receive from a comprehensive claim is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.

Insurance for medical payments – Medical payments and Personal Injury Protection insurance kick in for short-term medical expenses for things like surgery, funeral costs and chiropractic care. They can be used in conjunction with a health insurance policy or if there is no health insurance coverage. Medical payments and PIP cover you and your occupants and also covers if you are hit as a while walking down the street. Personal injury protection coverage is not universally available and may carry a deductible

Uninsured Motorist or Underinsured Motorist insurance – Uninsured or Underinsured Motorist coverage protects you and your vehicle when the “other guys” either have no liability insurance or not enough. It can pay for injuries to you and your family as well as your vehicle’s damage.

Due to the fact that many Nevada drivers only carry the minimum required liability limits (15/30/10 in Nevada), their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages should not be overlooked.

Collision coverage – Collision insurance will pay to fix damage to your Sierra resulting from a collision with another car or object. You will need to pay your deductible and then insurance will cover the remainder.

Collision coverage protects against things like crashing into a building, damaging your car on a curb and hitting a mailbox. This coverage can be expensive, so consider dropping it from vehicles that are older. Another option is to choose a higher deductible on your Sierra to save money on collision insurance.

Auto liability – Liability insurance protects you from damage or injury you incur to other’s property or people that is your fault. Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see limits of 15/30/10 which stand for a $15,000 limit per person for injuries, a total of $30,000 of bodily injury coverage per accident, and $10,000 of coverage for damaged property.

Liability insurance covers claims like structural damage, funeral expenses, court costs and bail bonds. The amount of liability coverage you purchase is your choice, but consider buying higher limits if possible. Nevada state law requires minimum liability limits of 15/30/10 but it’s recommended drivers buy higher limits.

The illustration below shows why low liability limits may not be enough.

How to find a good Nevada car insurance company

Insuring your vehicle with the top car insurance provider can be difficult considering how many different companies insure vehicles in Las Vegas. The information below may help you pick which coverage providers to look at purchasing a policy from.

Top 10 Las Vegas Car Insurance Companies Ranked by Customer Satisfaction

1. Titan Insurance – 95%
2. USAA – 94%
3. AAA Insurance – 91%
4. Nationwide – 90%
5. State Farm – 90%
6. The Hartford – 89%
7. GEICO – 89%
8. 21st Century – 88%
9. Liberty Mutual – 88%
10. Allstate – 88%

Top 10 Las Vegas Car Insurance Companies by A.M. Best Rank

1. USAA – A++
2. Travelers – A++
3. GEICO – A++
4. State Farm – A++
5. The Hartford – A+
6. Esurance – A+
7. Nationwide – A+
8. Allstate – A+
9. Mercury Insurance – A+
10. Titan Insurance – A+