Affordable Insurance for a GMC Sierra in Oklahoma City

We don’t have to tell you that car insurance companies want to keep you from shopping around. People who shop around for a cheaper policy will probably switch insurance companies because they stand a good chance of finding a lower-priced company. A study discovered that people who regularly compared rates saved an average of $3,400 over four years compared to other drivers who never shopped around.

If finding low prices for GMC Sierra insurance in Oklahoma City is why you’re here, then learning about the best ways to shop for car insurance can help you be more efficient.

If you want to save the most money, the best way to quote cheaper GMC Sierra insurance in Oklahoma City is to start doing an annual price comparison from insurers who sell auto insurance in Oklahoma.

• Step 1: It will benefit you to learn about how insurance companies determine prices and the steps you can take to drop your rates. Many rating factors that cause rate increases like your driving record and an imperfect credit score can be improved by making lifestyle changes or driving safer. Read the full article for additional ideas to prevent high rates and get bigger discounts.
• Step 2: Get rate quotes from independent agents, exclusive agents, and direct companies. Exclusive agents and direct companies can only provide price estimates from one company like GEICO and State Farm, while independent agents can quote rates from multiple companies.
• Step 3: Compare the new quotes to the premium of your current policy to see if switching to a new carrier will save money. If you find a better price and switch companies, make sure there is no lapse between the expiration of your current policy and the new one.
• Step 4: Tell your current agent or company of your decision to cancel your current coverage and submit a down payment and signed policy application to your new carrier. Immediately keep your new proof of insurance paperwork in an accessible location in your vehicle.

A good tip to remember is to make sure you’re comparing the same coverage limits and deductibles on every price quote and and to get prices from all possible companies. This enables an accurate price comparison and a thorough price selection.

The intent of this article is to instruct you on the best way to quote coverages and how you can save the most money. If you are already insured, you will surely be able to get lower rates using these tips. Shoppers just have to learn the proper methods to buy car insurance from many companies at once.

Rates and information analytics

The price information shown below outlines estimates of coverage costs for GMC Sierra models. Understanding more about how insurance policy premiums are established is important for drivers to make informed decisions when shopping around for a new policy.

Table data assumes single female driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Oklahoma minimum liability limits. Discounts applied include claim-free, safe-driver, multi-vehicle, multi-policy, and homeowner. Information does not factor in the specific area where the vehicle is garaged which can increase or decrease prices significantly.

Should you raise deductibles?

One of the more difficult decisions when buying car insurance is where to set your physical damage deductibles. The data tables below can help illustrate the rate difference when you choose different policy deductibles. The first rate table uses a $100 deductible for physical damage and the second pricing table uses a $500 deductible.

Data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Oklahoma minimum liability limits. Discounts applied include homeowner, multi-policy, safe-driver, multi-vehicle, and claim-free. Prices do not factor in Oklahoma City location which can alter coverage prices substantially.

Based on the above data, using a $100 deductible costs roughly $35 more each month or $420 every year across all GMC Sierra models than opting for the higher $500 deductible. Because you would pay $400 more out of your own pocket with a $500 deductible as compared to a $100 deductible, if you tend to have at a minimum 11 months between claim filings, you would more than likely save some money by selecting a higher deductible.

The example below demonstrates how choosing different deductibles and can impact GMC Sierra insurance costs for different ages of insureds. The price estimates are based on a single male driver, comprehensive and collision coverage, and no discounts are applied.

Rate comparison of male drivers versus female drivers

The chart below visualizes the comparison of GMC Sierra insurance rates for male and female drivers. The rate quotes are based on no driving violations, no at-fault accidents, full coverage, $100 deductibles, single marital status, and no other discounts are factored in.

Buy GMC Sierra Insurance Cheaper

Many different elements are part of the equation when you get a price on insurance. Some of the criteria are obvious like an MVR report, but other criteria are more obscure like your vehicle usage or your financial responsibility. Part of the insurance buying process is learning some of the factors that come into play when calculating insurance rates. If you have some idea of what determines premiums, this helps enable you to make changes that can earn you lower rates.

• Safer vehicles cost less to insure – Vehicles that have high safety ratings get lower rates. Vehicles built for safety reduce occupant injuries and reduced instances of injuries translates directly to fewer claims which can mean better rates for you.

• What type of car do you drive? – The performance level of the car you need insurance for makes a huge difference in the rate you pay. Lower cost passenger cars receive the most favorable rates, but your final cost has many other factors.

  The data below assumes a single male driver age 30, full coverage with $250 deductibles, and no discounts or violations. The chart compares GMC Sierra insurance premiums compared to other models that have a range of performances.

• Long commutes cost more – The more you drive your GMC every year the more you will pay for insurance. Many insurance companies calculate rates partially by how you use the vehicle. Autos that are left in the garage cost less to insure than those that get driven frequently. Having the wrong rating on your Sierra may be costing you. Double check that your insurance coverage properly reflects how each vehicle is driven.
• Multiple policies with one company – The majority of insurance companies provide a discount to buyers that have more than one policy, otherwise known as a multi-policy discount. Even with this discount, you may still want to get quotes from other companies to make sure you are getting the best deal.There is a good possibility that you can find lower rates by insuring with multiple companies.

• GMC Sierra claim statistics – Insurance companies use historical loss data to calculate a rate that offsets possible losses. Models that the data determines to have a higher amount or frequency of claims will have increased rates. The data below shows the insurance loss data used by companies for GMC Sierra vehicles.

  For each policy coverage, the statistical loss for all vehicles combined as an average is equal to 100. Values that are 100 or less indicate better than average losses, while numbers above 100 indicate a higher chance of having a claim or an increased chance of a larger loss.

  
  

  Car Insurance Loss Data for GMC Sierra Models

  Specific GMC Model	Collision	Property Damage	Comp	Personal Injury	Medical Payment	Bodily Injury
  GMC Sierra 1500 2WD	89	122	106
  GMC Sierra 1500 4WD	97	86	79
  GMC Sierra 1500 Crew Cab 2WD	87	99	132	69	69	89
  GMC Sierra 1500 Crew Cab 4WD	89	102	114	52	51	73
  GMC Sierra 1500 Ext Cab 2WD	98	109	96	70
  GMC Sierra 1500 Ext Cab 4WD	78	85	89	65	56	94
  GMC Sierra 2500 4WD	70		56
  GMC Sierra 2500 Crew Cab 2WD	63		101
  GMC Sierra 2500 Crew Cab 4WD	91	118	105	43	50	90
  GMC Sierra 2500 Ext Cab 4WD	67	108	85	40
  GMC Sierra 3500 Crew Cab 4WD	85	128	121	35

  BETTER

  AVERAGE

  WORSE

  Empty fields indicate not enough data collected
  Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years

Frequent quotes can save

We just covered quite a bit of information on how to get a better price on GMC Sierra insurance in Oklahoma City. It’s most important to understand that the more times you quote, the more likely it is that you will get a better rate. You may even discover the lowest rates are with a lesser-known regional company. These companies can often insure niche markets at a lower cost as compared to the big name companies such as Allstate, GEICO and Progressive.

When you buy Oklahoma City auto insurance online, make sure you don’t buy less coverage just to save a little money. In too many instances, an insured cut uninsured motorist or liability limits to discover at claim time that a couple dollars of savings turned into a financial nightmare. The proper strategy is to purchase plenty of coverage at an affordable rate while still protecting your assets.

Some insurance companies may not have the ability to get a quote online and many times these regional carriers work with independent insurance agencies. Budget-conscious GMC Sierra insurance is possible from both online companies in addition to local insurance agencies, so compare prices from both to have the best rate selection.

Much more information about auto insurance in Oklahoma is available at these links:

• Credit Impacts Car Insurance Rates (State Farm)
• How Much is Auto Insurance for Hybrid Vehicles in Oklahoma City? (FAQ)
• Who Has Cheap Oklahoma City Auto Insurance for Drivers with a DUI? (FAQ)
• How Much are Auto Insurance Rates for a Jeep Grand Cherokee in Oklahoma City? (FAQ)
• Safety Tips for Teen Drivers (Insurance Information Institute)
• Insuring a Leased Car (Insurance Information Institute)
• How to Avoid Staged Accidents (State Farm)