How Much Does Insurance Cost for a GMC Sierra in Alaska?

The odds of finding the best cheap car insurance for a GMC Sierra in Alaska relies on many rating criteria like whether or not you own a home, if you have prior claims, and citations on your driving record. Drivers will pay around $760 per year to buy GMC Sierra insurance, but that amount is an approximation using rating data for a 50-year-old single male who requires comprehensive and collision coverage and $1,000 policy deductibles.

The issue with using an average estimated rate is the likelihood you are not exactly 50 years old and possibly not even male, you might be married instead of single, or maybe your Sierra is a different trim level than the example. What appears to be a small change in policy rating data could end up in a significant change in how much insurance for a GMC Sierra costs.

Every driver’s needs are different, and that is why the best way to quote the cheapest insurance price for your GMC is to get into the habit of comparing rates once a year. It only takes a couple of minutes and you will be able to compare rates from the best auto insurance companies that insure GMC vehicles in Alaska.

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Vehicle trim level tends to have a direct effect on the coverage cost, so the price you will pay to insure a Sierra SLE Regular Cab 2WD will cost $110 less than the insurance cost for the higher-priced Sierra Denali Crew Cab 4WD model, as shown below.

Data assumes single male driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Alaska minimum liability limits. Discounts applied include multi-vehicle, safe-driver, claim-free, homeowner, and multi-policy. Information does not factor in specific location information which can alter insurance rates significantly.

Finding out which insurers offer the most affordable auto insurance rates for a GMC Sierra takes more work in order to find the best price.

Every auto insurer has their own guidelines to set premium rates, so let’s take a look at the auto insurance companies that tend to have lower prices in Alaska.

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Umialik offers some of the cheapest car insurance rates in Alaska at around $892 annually. USAA, State Farm, Progressive, and GEICO also make the cut as some of the more affordable Alaska insurance companies.

In the above rates, if you are insured with Progressive and switched to Umialik, you could earn an annual premium reduction of around $318. Alaska drivers with GEICO may save as much as $1,070 a year, and Allstate customers might realize rate reductions of up to $1,435 a year.

To find cheap insurance for a GMC Sierra in Alaska, click here to start your free quote or visit several of the following companies.

Remember that these policy prices are averaged for all drivers and vehicles in Alaska and do not factor in a specific rating modification for a GMC Sierra. So the company that fits your situation best may not even be included in the chart above. That underscores the importance of why you need to compare prices as often as possible using your own driver and vehicle profiles.

Liability only or full coverage

Finding cheap insurance for a GMC Sierra in Alaska is the goal of the majority of drivers, and a great way to pay lower rates for insurance is to not insure for full coverage. The chart below visualizes the comparison of insurance prices with liability coverage only compared to full coverage. The rates are based on no claims, a clean driving record, $250 deductibles, drivers are single, and no additional discounts are factored in.

On average, physical damage insurance costs an extra $1,849 per year more than insuring for liability only. A very common question is when is the right time to remove full coverage. There is no exact rule for dropping full coverage, but there is a general school of thought. If the annual cost of having full coverage is 10% or more of the vehicle’s replacement cost less your deductible, then you might consider buying liability only.

For example, let’s assume your vehicle’s book value is $8,500 and you have $1,000 full coverage deductibles. If your vehicle is destroyed, you would only receive $7,500 after paying your policy deductible. If you are currently paying more than $750 a year for comprehensive and collision coverage, then it may be the right time to buy liability only.

The chart below shows how choosing a deductible can change premium costs when quoting cheap insurance for a GMC Sierra. The prices are based on a single male driver, comp and collision included, and no discounts are taken into consideration.

A 50-year-old driver could cut expenses by $312 a year by switching from a $100 deductible up to a $500 deductible, or save $470 by choosing a $1,000 deductible. Even younger insureds, such as the Age 20 example, can save as much as $1,030 annually just by choosing higher deductibles.

If you do decide to increase your deductibles, it will be necessary to have enough funds in savings to cover the extra out-of-pocket expense, which is the main inconvenience of larger deductibles.

Cheapest car insurance: State Farm, Geico, Progressive, or Allstate

When it comes to car insurance, the companies that insure more vehicles than anyone else are State Farm, Geico, Progressive, and Allstate. All offer liability and physical damage insurance, but each one has slightly different coverage options that you can choose from. The following table illustrates price, claims, and customer service ratings, as well as some optional coverages that are available.