How Much are Tampa Auto Insurance Rates for a GMC Sierra?

Finding affordable coverage for a GMC Sierra is fairly simple, but it depends on a lot of things such as the safety rating for your Sierra, your geographic location, and if you have a history of accidents. Florida drivers will pay on average $1,697 each year to insure their Sierra, but that is an approximation calculated using a 40-year-old single female driver with full physical damage coverage and $250 deductibles.

The problem with using this number is the good chance you are not 40 years old and maybe not even female, possibly married instead of single, and maybe you want higher deductibles. Just a minor difference in the factors used in pricing a policy can result in a big discrepancy in the cost of insurance.

Auto insurance is unique to each driver, so the only way to find affordable rates for your GMC is to compare as many rates as you can.

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The trim level of your GMC will most likely have an effect on the insurance rate, so the cost to insure a Sierra SLE Regular Cab 2WD model will be $298 cheaper than the cost to insure the more well-appointed Sierra Denali Crew Cab 4WD model, as demonstrated by the prices below.

Above prices assume single female driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Florida minimum liability limits. Discounts applied include multi-vehicle, homeowner, multi-policy, claim-free, and safe-driver. Prices do not factor in vehicle garaging location which can decrease or increase coverage rates considerably.

Finding out which companies have the cheapest car insurance rates for a GMC Sierra may require a little more sweat in order to find the most economical policy. Each insurance company uses their own calculation for determining rates, so we will examine the car insurance companies that tend to have lower prices in Tampa.

It’s important to understand that Tampa car insurance rates are influenced by many factors that can increase the cost of having a policy. Improving your credit score, marrying your spouse, or getting a reckless driving citation can trigger rate changes that can now make some companies more affordable than others.

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USAA may have some of the best car insurance rates in Tampa at around $977 a year. Electric, Amica, Progressive, and Travelers would also be considered some of the lowest-priced Tampa, FL insurance companies.

As shown in the rates above, if you currently buy coverage from Progressive and switched to Electric, you might see savings of roughly $101. Insureds with Travelers might save as much as $142 a year, and Allied policyholders might see rate reductions of $180 a year.

To get a quick, customized rate comparison, click here to begin a quote or quote rates from the companies below.

It’s important to note that these estimates are averages for all types of insureds and vehicles and and are not figured with an exact vehicle garaging location for a GMC Sierra. So the insurer that can offer you the best price may not even be in the top 21 companies in the list above. That underscores the importance of why you need to get car insurance quotes using your own specific driver and vehicle information.

The illustration below shows how different deductible levels can influence insurance costs when trying to find cheap insurance for a GMC Sierra. The prices are based on a single male driver, comp and collision included, and no discounts are applied to the premium.

A 30-year-old driver could pocket $538 a year by changing from a $100 deductible to a $500 deductible, or save $810 by using a $1,000 deductible. Youthful drivers, like the 20-year-old, have the ability to save $1,582 each year by using a higher deductible.

When raising deductibles, it is necessary to have plenty of money set aside to enable you to pay the extra out-of-pocket expense, which is the main inconvenience of larger deductibles.

How to get discounts on Tampa car insurance

Insurance providers that provide policies for a GMC Sierra may have policy discounts that may potentially lower prices by 35% or more if you meet eligibility requirements. Popular car insurance companies and some of the discounts are detailed below.

• Farm Bureau may have discounts that include renewal discount, 55 and retired, good student, multi-policy, and driver training.
• MetLife has discounts for good driver, good student, accident-free, multi-policy, and claim-free.
• Progressive includes discounts for multi-vehicle, multi-policy, good student, online quote discount, and homeowner.
• AAA discounts include pay-in-full, education and occupation, good student, multi-policy, and AAA membership discount.
• American Family policyholders can earn discounts including early bird, mySafetyValet, TimeAway discount, Steer into Savings, multi-vehicle, and bundled insurance.
• GEICO has savings for five-year accident-free, good student, seat belt use, multi-vehicle, daytime running lights, emergency military deployment, and anti-theft.
• State Farm offers discounts including multiple autos, safe vehicle, good student, student away at school, good driver, and anti-theft.

The chart below shows the difference between car insurance costs with and without discounts applied. The premiums are based on a male driver, a clean driving record, no at-fault accidents, Florida state minimum liability limits, full physical damage coverage, and $500 deductibles. The first bar for each age group shows the price with no discounts. The lower bar shows the rates with marriage, homeowner, claim-free, multiple vehicle, defensive driving course, and safe-driver discounts applied. When taking advantage of discounts, theaverage amount saved on car insurance for a GMC Sierra is 28% or $697.

Price comparison of only insuring for liability

Reducing premiums for car insurance is important to the majority of vehicle owners, and a great way to save on the cost of insurance for a GMC Sierra is to only buy liability insurance. The diagram below illustrates the difference between insurance prices when comparing full coverage to liability only. The prices are based on a clean driving record, no claims, $100 deductibles, drivers are not married, and no other discounts are factored in.

If we average the cost for all age groups, comprehensive and collision coverage on your policy costs $3,102 per year over and above liability only. That is a large expense which might make you wonder if it’s a good idea to buy full coverage. There is no definitive formula of when to exclude physical damage insurance, but there is a guideline you can consider. If the annual cost of having full coverage is more than about 10% of the settlement you would receive from your company, then it could be time to drop full coverage.