How Much is Insurance for a GMC Sierra in Ohio?

Your chances of buying cheap coverage for a GMC Sierra in Ohio relies on a complicated formula that considers factors like if you rent or own your home, if you have a tendancy to file claims, and driving citations. Ohio drivers pay an average rate of $700 a year for Sierra insurance, but that figure is an estimate that rates a 30-year-old married female who requires full physical damage coverage and $500 deductibles.

This brings up the issue that more than likely you aren’t exactly 30 years old or even a female, maybe you are single instead of married, or you just want cheap liability insurance instead of full coverage. Even a minor difference in the factors used in pricing a policy can result in big changes in the cost of coverage for a GMC Sierra.

Auto insurance is unique to each driver, so your best shot at finding affordable rates for your GMC is to comparison shop your policy at each renewal. In less than five minutes you can get rates from the best companies around.

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Vehicle trim level will likely have an effect on the annual cost of coverage, so the price you will pay to insure a Sierra SLE Regular Cab 2WD trim level will be $118 lower than the cost to insure the higher-priced Sierra Denali Crew Cab 4WD trim level, as shown below.

Prices based on married female driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Ohio minimum liability limits. Discounts applied include claim-free, homeowner, multi-vehicle, safe-driver, and multi-policy. Rate information does not factor in specific zip code location which can decrease or increase rates greatly.

Finding decent, cheap auto insurance is not the easiest thing to do, and finding out which companies offer the best auto insurance rates for a GMC Sierra will take even more perseverance. Every insurance company has their own guidelines for establishing rates, so let’s begin by examining the auto insurance companies that tend to be cheaper in Ohio.

Best Cheap Insurance Rates for Your Truck

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Utica National offers some of the lowest car insurance rates in Ohio at around $647 each year. Erie, Allied, Frankenmuth, and Travelers also qualify as some of the best Ohio auto insurance companies.

In the above example, if you are currently insured with Erie and switched to Utica National, you could earn savings of in the neighborhood of $34. Customers with Allied might save as much as $50 a year, and Frankenmuth insureds might realize rate reductions of up to $54 a year.

Remember that these prices are averages for all types of drivers and the different vehicles they drive and do not take into consideration a specific rate value for a GMC Sierra. So the auto insurance company that can offer the best rates for your situation may not even be included in the company chart above. That’s why you need to get rate quotes from many companies using your own individual information.

How accidents and violations affect rates

A great way to get cheap auto insurance premiums for a Sierra pickup is to drive cautiously and not have accidents or get tickets. The diagram below shows how traffic citations and at-fault claims can influence insurance costs for different categories of driver ages. The data is based on a single male driver, full coverage, $1,000 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’, 2065,2451,2843],[‘Age 30’, 1083,1467,1863],[‘Age 40’, 1063,1447,1839],[‘Age 50’, 971,1357,1747],[‘Age 60’, 941,1327,1719],[‘Age 70’, 1165,1549,1939]]);var options = {title: ‘Impact of Citations and Accidents on Ohio 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 Ohio’,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);}

The chart shows that the average cost of auto insurance per year with no accidents or violations is $1,215. Receive two speeding tickets and the average cost surges to $1,600, an increase of $385 each year. Now get one accident along with the two speeding tickets and the annual cost of auto insurance for a GMC Sierra jumps again to an average of $1,992. That’s an increase of $777, or $65 per month, just for not driving responsibly!

Rate comparison of full coverage and liability-only

Finding cheap insurance for a GMC Sierra in Ohio is the goal of the majority of vehicle owners, and one of the quickest ways to pay lower rates for insurance is to buy only liability coverage. The illustration below shows the comparison of car insurance rates with full phyical damage coverage and with liability coverage only. The data assumes no claims or driving violations, $100 deductibles, drivers are not married, and no discounts are taken into consideration.

google.charts.setOnLoadCallback(drawFclqcibChart);function drawFclqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘Full Coverage with $100 Deductibles’, ‘Liability Only’],[‘Age 20’, 2925,815],[‘Age 30’, 1503,451],[‘Age 40’, 1503,419],[‘Age 50’, 1363,393],[‘Age 60’, 1317,387],[‘Age 70’, 1587,513]]);var options = {title: ‘Full Coverage Rates Versus Liability Only Rates’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 500,’chartArea’: {left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’},colors: [‘#6791b9′,’#98bee2’],hAxis: {title: ‘Annual Insurance Cost for a GMC Sierra in Ohio’,minValue: 0,format: ‘$###,###’},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(‘qcibfcl’));chart.draw(data, options);}

If averaged for all ages, physical damage insurance costs $1,700 per year more than just buying liability insurance. That may make you wonder if buying full coverage is worth the expense. There is no exact formula of when to stop paying for full coverage on your policy, but there is a guideline you can consider. If the annual cost of your full coverage insurance is about 10% or more of the vehicle’s replacement cost less your deductible, then it might be time to consider dropping full coverage.

There are some situations where eliminating full coverage is not in your best interest. If you have an outstanding loan on your vehicle, you must maintain physical damage coverage as part of the loan conditions. Also, if you cannot afford to purchase a different vehicle if your current one is totaled, you should not eliminate full coverage.