Who Has Affordable Car Insurance Rates for a GMC Sierra in Durham?

Buying economical insurance for a GMC Sierra in North Carolina doesn’t take too much effort, but it depends on lots of different rating factors such as age of the driver, whether or not you have filed claims in the past, and blemishes on your driving record. Drivers will pay on average $1,102 a year for Sierra insurance, but that figure is a valuation using a 30-year-old single male driver with both comprehensive and collision coverage and $100 deductibles.

But there is a high likelihood that you are not 30 years old and maybe not even male, married instead of single, and maybe your Sierra is older and does not require full coverage. Having the smallest difference in rating variables or coverage information can result in a large change in the amount insurance costs for a GMC Sierra.

Everone’s needs are different, and this illustrates why the only way to find cheap car insurance rates for your GMC is to compare as many rates as possible.

View GMC Sierra Insurance Rates

The specific trim level tends to have a direct effect on the annual cost of coverage, so the rate you pay to insure a Sierra SLE Regular Cab 2WD model will be $202 less than the insurance cost for the higher-end Sierra Denali Crew Cab 4WD version, as shown in the table below.

GMC Sierra Insurance Rates in Durham, NC
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Sierra SLE Regular Cab 2WD $244 $386 $326 $20 $98 $1,074 $90
Sierra SL Extended Cab 2WD $244 $386 $326 $20 $98 $1,074 $90
Sierra SLE Crew Cab 2WD $244 $386 $326 $20 $98 $1,074 $90
Sierra SL Crew Cab 2WD $276 $456 $326 $20 $98 $1,176 $98
Sierra SLE Crew Cab 2WD $276 $456 $326 $20 $98 $1,176 $98
Sierra SLE Regular Cab 4WD $276 $456 $326 $20 $98 $1,176 $98
Sierra SLE Extended Cab 4WD $276 $456 $326 $20 $98 $1,176 $98
Sierra SLE Crew Cab 4WD $276 $456 $326 $20 $98 $1,176 $98
Sierra SLT Extended Cab 2WD $276 $456 $326 $20 $98 $1,176 $98
Sierra SL Crew Cab 4WD $276 $456 $326 $20 $98 $1,176 $98
Sierra SLT Extended Cab 4WD $276 $456 $326 $20 $98 $1,176 $98
Sierra SLT Crew Cab 2WD $276 $456 $326 $20 $98 $1,176 $98
Sierra SLT Crew Cab 4WD $308 $524 $326 $20 $98 $1,276 $106
Sierra Denali Crew Cab 2WD $308 $524 $326 $20 $98 $1,276 $106
Sierra Denali Crew Cab 4WD $308 $524 $326 $20 $98 $1,276 $106
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Above prices assume single male driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and North Carolina minimum liability limits. Discounts applied include multi-policy, multi-vehicle, homeowner, claim-free, and safe-driver. Premium amounts do not factor in the specific area where the vehicle is garaged which can decrease or increase coverage prices noticeably.

How to find a good Durham auto insurance company

Selecting the best auto insurance company can be difficult considering how many different insurance companies sell coverage in North Carolina. The ranking information shown next may help you pick which coverage providers to look at buying from. The rankings below include large, nationwide insurance companies, so smaller regional companies are not taken into consideration for the list.

Durham, NC Auto Insurance Company Rankings
Company Value Customer Service Claims Customer Satisfaction A.M Best Rating Overall Score
Travelers 93 98 99 88% A++ 95.1
USAA 83 99 100 91% A++ 94.1
AAA Insurance 91 95 92 90% A 93.3
Nationwide 85 95 97 89% A+ 92.4
Allstate 77 100 97 88% A+ 90.7
State Farm 80 94 96 88% A++ 90.6
The Hartford 88 93 91 87% A+ 90.4
Safeco Insurance 91 95 85 88% A 90.2
Progressive 88 94 83 88% A+ 90.1
American Family 91 86 95 83% A 89.7
Esurance 86 90 94 90% A+ 89.5
The General 86 93 89 84% A- 88.2
GEICO 79 89 95 87% A++ 87.8
Titan Insurance 86 82 92 86% A+ 86.5
21st Century 86 82 90 84% A 86.4
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Data Source: Insure.com Best Car Insurance Companies

Liability only or full coverage

Reducing premiums for auto insurance should be important to the majority of drivers, and an effective way to find cheap insurance for a GMC Sierra is to buy liability only. The diagram below illustrates the comparison of insurance costs with full physical damage coverage and with liability coverage only. The price estimates are based on no driving violations, no at-fault accidents, $500 deductibles, drivers are not married, and no additional discounts are factored in.

As an average, full coverage costs $1,396 per year more than just buying liability insurance. Many of you may wonder if paying for full coverage is worth it. There isn’t a steadfast formula that is best for determining when to drop full coverage, but there is a general convention. If the annual cost of having full coverage is about 10% or more of the settlement you would receive from your company, then it may be the right time to buy liability only.

For example, let’s say your vehicle’s settlement value is $12,000 and you have $1,000 deductibles. If your vehicle is damaged in an accident, the most your company will settle for is $11,000 after you pay the deductible. If you are currently paying more than $1,100 a year for your policy with full coverage, then it might be time to buy liability only.

The importance of shopping around

Durham auto insurance rates are calculated based on many things which can substantially decrease or increase the policy premium. Simply improving your credit, buying a different vehicle, or getting a ticket for running a stop sign may prompt premium changes resulting in some companies being more affordable than before.

Not only may your risk profile change, but auto insurance companies change premium rates every year or even multiple times each year to help ensure profitability. A period of higher than normal claims may result in more expensive prices, while lower claim levels may produce cheaper Sierra insurance rates.

For example, the data below shows a variety of companies that have the cheapest car insurance in Durham, NC for a 45-year-old female driver with no accidents, a clean driving record, and a high credit rating. If we estimate prices based on her current situation, Utica National might quote the lowest car insurance rates in Durham at $773 annually. This is $99 less than the average premium paid by North Carolina drivers of $872. Progressive, Liberty Mutual, Penn National, and NC Farm Bureau round out the rest of the most affordable Durham, NC auto insurance companies.

Now we will give the driver from the above example an accident claim, less-than-perfect credit, and a traffic ticket or two. Since each insurance company has a proprietary method for determining rates in each state, comparing insurance quotes will most likely result in a slightly different list of companies as shown below.

State Farm now has the lowest car insurance rate in Durham with Titan, Auto-Owners, National General, and Allied now rounding out the top five. This demonstrates why it is critical to perform a complete rate comparison when trying to find the most budget-friendly auto insurance rates for a GMC Sierra.

Insurance rates can be altered by many risk factors and change substantially, so the best company three years ago may now be an over-priced policy.

If you aren’t sure which coverage you need and prefer to get some help when shopping for the best coverage for a GMC Sierra, the agencies below are willing to provide answers to your questions and help you determine which coverage fits your budget.

To find an agent in your neighborhood, click the button below the list.

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