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

Finding cheap insurance for a GMC Sierra in Indiana depends upon a complicated formula that considers factors like whether or not you own a home, if you have ever had a coverage lapse, and your driving record. Indiana drivers pay an average rate of $1,240 every 12 months to buy GMC Sierra insurance, but that rate is calculated based on a 30-year-old single female that included full coverage and $250 physical damage deductibles.

Chances are good that you aren’t exactly 30 years old or even a female, you might be married instead of single, and maybe your Sierra just needs liability-only coverage. Just a minor difference in rating variables or coverage information can lead to a significant difference in the cost of insurance.

Having different needs demonstrates why the best method for finding the cheapest coverage for your GMC is to compare rates from as many companies as possible.

Find Cheaper GMC Sierra Insurance

The trim level of your Sierra will most likely have an effect on the coverage cost, so the rate you pay to insure a Sierra SLE Regular Cab 2WD will be $222 cheaper than the insurance cost for the fancier Sierra Denali Crew Cab 4WD version, as demonstrated by the prices below.

Above prices assume single female driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Indiana minimum liability limits. Discounts applied include multi-policy, safe-driver, homeowner, multi-vehicle, and claim-free. Price estimates do not factor in your specific Indiana location which can impact prices greatly.

Finding good, reasonably-priced car insurance is easier said than done, and deciding which companies quote the best car insurance rates for a GMC Sierra requires even more shopping around. Each insurer has their own guidelines to establish rates, so let’s rank the car insurance companies with the overall cheapest rates in Indiana.

It’s important that readers know that Indiana car insurance rates are impacted by many factors that will increase or decrease the cost of having a policy. Events such as a birthday, buying a home, or getting a ticket for careless driving may prompt premium changes resulting in some rates now being cheaper than competitors.

Best Auto Insurance Prices for Your Truck

Compare Rates and Save

Travelers normally has some of the best car insurance rates in Indiana at around $596 a year. USAA, Cincinnati Insurance, Erie, and Indiana Farmers Mutual also qualify as some of the cheapest Indiana insurance companies.

As illustrated above, if you are currently insured with Indiana Farmers Mutual and switched to USAA, you may see annual savings of in the vicinity of $180. Indiana drivers with The Hartford may save as much as $194 a year, and Western Reserve insureds might cut rates by $203 a year.

If you would like to find cheap insurance for a GMC Sierra in Indiana, click here to start your free quote or quote rates from the companies below.

Be aware that those premium estimates are averaged across all types of insureds and vehicles and do not factor in a specific rate factor for a GMC Sierra. So the auto insurance company that fits your needs best may not even be shown in the list of companies above. That is why you need to get rate quotes from many companies using your own specific driver and vehicle information.

The chart below demonstrates how choosing different deductibles can increase or decrease insurance costs when researching cheap insurance for a GMC Sierra. The information is based on a married male driver, comp and collision included, and no discounts are applied to the premium.

google.charts.setOnLoadCallback(drawDfdqcibChart);function drawDfdqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘$100 Deductible’,’$250 Deductible’,’$500 Deductible’,’$1,000 Deductible’],[‘Age 20’, 3113,2823,2505,2201],[‘Age 30’, 1635,1483,1307,1139],[‘Age 40’, 1563,1423,1261,1109],[‘Age 50’, 1429,1303,1157,1017],[‘Age 60’, 1405,1279,1137,999],[‘Age 70’, 1603,1467,1313,1169]]);var options = {title: ‘Impact of Deductibles on GMC Sierra Insurance Rates in Indiana’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 700,’chartArea’: {left:100,top:50,’width’: ‘100%’,’height’: ‘80%’},legend: {position: ‘bottom’,textStyle: {fontSize: 12}},bar: {groupWidth: ‘80%’},colors: [‘#6791b9′,’#75a8d8′,’#98bee2′,’#bad4ec’],hAxis: {title: ‘Annual Insurance Cost for a GMC Sierra’,minValue: 0,format: ‘$###,###’},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);formatter.format(data,4);var chart = new google.visualization.BarChart(document.getElementById(‘qcibdfd’));chart.draw(data, options);}

As shown above, a 30-year-old driver could cut expenses by $302 a year by switching the physical damage coverage from a $100 deductible up to a $500 deductible, or save $454 by choosing a $1,000 deductible. Younger drivers, such as the Age 20 example, could drop their prices as much as $912 or more by selecting a higher deductible.

When choosing a higher deductible, it is a good idea to have additional funds in a savings account to cover the extra out-of-pocket expense, which is the main inconvenience of larger deductibles.

Liability rates compared to full coverage

Finding cheap insurance for a GMC Sierra in Indiana is probably important to the majority of people, and one great way to lower the cost of insurance is to only buy liability insurance. The chart below compares insurance premiums with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The information is based on no claims or driving citations, $500 deductibles, drivers are single, and no other discounts are factored in.

google.charts.setOnLoadCallback(drawFclqcibChart);function drawFclqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘Full Coverage with $500 Deductibles’, ‘Liability Only’],[‘Age 20’, 2897,1001],[‘Age 30’, 1511,553],[‘Age 40’, 1489,513],[‘Age 50’, 1357,479],[‘Age 60’, 1313,471],[‘Age 70’, 1607,629]]);var options = {title: ‘Comparison of Full Coverage and Liability Only’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 500,’chartArea’: {left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’},colors: [‘#6791b9′,’#98bee2’],hAxis: {title: ‘Annual Insurance Cost for a GMC Sierra in Indiana’,minValue: 0,format: ‘$###,###’},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);}

As an average, physical damage coverage costs an additional $1,696 per year over and above liability coverage. That is a big expense that brings up the question if buying full coverage is a good investment. There is no definitive guideline to eliminate full coverage, but there is a general school of thought. If the yearly cost for physical damage coverage is more than around 10% of any settlement you would receive from your insurance company, then it’s probably a good time to buy liability coverage only.