Nobody rejoices having to buy insurance, especially when they know they could lower their rates if they shopped around.
Amazingly, nearly 70% of Colorado drivers kept their policy with the same company for well over three years, and 38% of drivers have never compared rate quotes at all. American drivers could save an average of nearly 47% each year just by getting comparison quotes, but they feel it's too difficult to find affordable insurance by shopping around. Insurance companies such as State Farm, Progressive and GEICO promote their brand names with ad campaigns and it is challenging if not impossible to sift through the bull and take the time to shop coverage around.
You should take the time to shop coverage around on a regular basis because prices are variable and change quite frequently. Even if you think you had the best quotes on GMC Sierra insurance in Denver a couple years back the chances are good that you can find a lower rate today. Ignore everything you know about insurance because you're going to get a crash course in the best methods to save on insurance.
If you are insured now or need a new policy, use these money-saving tips to shop for the lowest rates and still have adequate protection. Locating the best insurance company for you in Denver is actually quite easy if you know where to start. Drivers just have to use the most effective way to compare rates from multiple carriers.
Cheap Denver auto insurance quotes with discounts
Auto insurance is not cheap nor is it fun to buy but discounts can save money and there are some available that could help you make your next renewal payment. Some trigger automatically when you complete an application, but once in a while a discount must be inquired about before being credited.
- Driving Data Discount - Drivers who elect to allow their insurance company to scrutinize driving patterns by using a telematics device in their vehicle such as Progressive's Snapshot could see a rate decrease if they have good driving habits.
- Low Mileage Discounts - Maintaining low annual mileage may allow you to get discounted premium rates on garaged vehicles.
- Government Employee Discount - Active or retired federal employment can save as much as 8% with certain companies.
- Seat Belt Usage - Forcing all vehicle occupants to use their safety belts could save 15% off PIP or medical payments premium.
- Buy New and Save - Adding a new car to your policy can save you some money due to better safety requirements for new model year vehicles.
While discounts sound great, it's important to understand that many deductions do not apply to all coverage premiums. The majority will only reduce the cost of specific coverages such as comprehensive or collision. If you do the math and it seems like having all the discounts means you get insurance for free, it doesn't quite work that way. But any discount will reduce your policy cost.
Larger auto insurance companies and some of the discounts are detailed below.
- State Farm policyholders can earn discounts including accident-free, student away at school, multiple autos, good driver, Steer Clear safe driver discount, defensive driving training, and Drive Safe & Save.
- Liberty Mutual discounts include new vehicle discount, preferred payment discount, safety features, good student, hybrid vehicle, exclusive group savings, and multi-policy.
- American Family includes discounts for Steer into Savings, accident-free, mySafetyValet, early bird, multi-vehicle, TimeAway discount, and bundled insurance.
- Progressive offers discounts for online signing, multi-policy, online quote discount, multi-vehicle, good student, and continuous coverage.
- Farmers Insurance offers premium reductions for business and professional, teen driver, good student, homeowner, youthful driver, and bundle discounts.
- Auto-Owners Insurance may include discounts for group or association, safe vehicle, student away at school, paid in full, safe driver, and multiple vehicles.
- SAFECO has savings for teen safety rewards, drive less, homeowner, multi-car, bundle discounts, and accident prevention training.
If you want inexpensive Denver auto insurance quotes, ask every company which discounts can lower your rates. Some credits may not be available in Denver. If you would like to choose from a list of auto insurance companies who offer online GMC Sierra insurance quotes in Colorado, click here to view.
All the larger insurance companies such as State Farm, Allstate and GEICO make it easy to get prices directly from their websites. Getting GMC Sierra insurance prices online is quite simple as you just enter the coverage amounts you desire into a form. After you complete the form, their rating system automatically orders reports for credit and driving violations and returns pricing information determined by many factors. Being able to quote online for GMC Sierra insurance in Denver simplifies rate comparisons, and it's necessary to get many rate quotes in order to get cheaper insurance pricing.
To find out how much you can save on insurance, compare rates from the companies below. To compare your current rates, we recommend that you enter deductibles and limits identical to your current policy. Doing this guarantees you will have rate quotes for the exact same coverage.
The companies in the list below provide price quotes in Colorado. If multiple companies are shown, it's highly recommended you visit two to three different companies to find the cheapest car insurance rates.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Sierra SLE Regular Cab 2WD||$152||$264||$362||$22||$108||$908||$76|
|Sierra SL Extended Cab 2WD||$246||$420||$362||$22||$108||$1,158||$97|
|Sierra SLE Crew Cab 2WD||$260||$516||$456||$28||$136||$1,396||$116|
|Sierra SL Crew Cab 2WD||$340||$662||$474||$28||$142||$1,646||$137|
|Sierra SLE Crew Cab 2WD||$240||$492||$456||$28||$136||$1,352||$113|
|Sierra SLE Regular Cab 4WD||$162||$332||$396||$24||$118||$1,032||$86|
|Sierra SLE Extended Cab 4WD||$216||$340||$460||$28||$138||$1,182||$99|
|Sierra SLE Crew Cab 4WD||$340||$662||$474||$28||$142||$1,646||$137|
|Sierra SLT Extended Cab 2WD||$330||$630||$358||$22||$108||$1,448||$121|
|Sierra SL Crew Cab 4WD||$328||$726||$456||$28||$136||$1,674||$140|
|Sierra SLT Extended Cab 4WD||$242||$426||$358||$22||$108||$1,156||$96|
|Sierra SLT Crew Cab 2WD||$182||$384||$456||$28||$136||$1,186||$99|
|Sierra SLT Crew Cab 4WD||$240||$390||$460||$28||$138||$1,256||$105|
|Sierra Denali Crew Cab 2WD||$214||$416||$330||$20||$98||$1,078||$90|
|Sierra Denali Crew Cab 4WD||$238||$490||$368||$22||$110||$1,228||$102|
|Get Your Own Custom Quote Go|
Prices based on married female driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Colorado minimum liability limits. Discounts applied include homeowner, claim-free, multi-vehicle, multi-policy, and safe-driver. Prices do not factor in specific location which can lower or raise price quotes substantially.
Cautious drivers save money
The information below illustrates how speeding tickets and at-fault fender-benders can drive up GMC Sierra insurance prices for different age groups of insureds. Data assumes a married male driver, comp and collision included, $250 deductibles, and no discounts are applied.
Full coverage or liability only
The diagram below examines GMC Sierra insurance premiums when comparing full coverage to state minimum liability only. The costs are based on no claims or driving citations, $100 deductibles, single male driver, and no discounts are applied to the premium.
Should you pay for full coverage?
There isn't a written rule to drop physical damage coverage, but there is a general guideline you can use. If the annual cost of comprehensive and collision coverage is more than 10% of the settlement you would receive from your company, the it may be a good time to stop paying for full coverage.
For example, let's pretend your GMC Sierra claim settlement value is $8,000 and you have $1,000 policy deductibles. If your vehicle is damaged in an accident, the most you would receive is $7,000 after you pay the deductible. If you are currently paying more than $700 a year for your policy with full coverage, then it may be the right time to buy liability only.
There are some conditions where only buying liability is not in your best interest. If you still have a lienholder on your title, you are required to maintain full coverage as part of the loan conditions. Also, if your finances do not allow you to purchase a different vehicle if your current one is totaled, you should not remove full coverage.
Males versus Females
The chart below compares GMC Sierra annual premium costs for male and female drivers. The information is based on a clean driving record, no claims, full coverage, $250 deductibles, drivers are single, and no other discounts are factored in.
Car insurance agents near you
Many drivers still like to talk to an insurance agent and that can be a great decision Professional agents can point out coverage gaps and help file insurance claims. A good thing about comparing rate quotes online is that you can find cheap auto insurance quotes but also keep your business local.
For easy comparison, once you complete this quick form, your insurance data gets sent to companies in Denver that give free quotes and help you find cheaper coverage. You don't have to search for any insurance agencies because quoted prices will be sent instantly to you. If for some reason you want to get a price quote from a specific company, you just need to visit that company's website and give them your coverage information.
Picking the best company is decision based upon more than just a low price. Here are some questions you should ask.
- What companies can they write with?
- Do clients work directly with the agent or are most inquiries handled by a CSR?
- How does the company pay claims for a total loss?
- Are claims handled at the agent's location?
- How long has their agency been in business in Denver?
If you want to use a reliable insurance agency, you need to know there are two types of agencies and how they work. Auto insurance agencies can either be independent agents or exclusive agents depending on their employer. Either one can insure your vehicles properly, but it's worth learning the subtle differences because it can factor into which type of agent you select.
Agents that choose to be exclusive can only write with one company such as AAA, Allstate, and State Farm. Exclusive agents cannot shop your coverage around so keep that in mind. They receive a lot of sales training on their company's products which helps offset the inability to provide other markets.
Shown below are exclusive insurance agents in Denver who can help you get rate quotes.
Independent Agencies or Brokers
Agents in the independent channel are not required to write business for one company so as a result can place your coverage with any number of different companies and get you the best rates possible. To move your coverage to a new company, your agent can just switch to a different company and you won't have to switch agencies.
If you are comparing rate quotes, you definitely need to include rate quotes from multiple independent agents to have the best price comparison.
Below are Denver independent insurance agencies that can give you price quote information.
Auto insurance coverages
Knowing the specifics of your insurance policy aids in choosing appropriate coverage at the best deductibles and correct limits. The terms used in a policy can be confusing and even agents have difficulty translating policy wording. Listed below are typical coverage types available from insurance companies.
Comprehensive insurance pays for damage from a wide range of events other than collision. You first must pay your deductible and then insurance will cover the rest of the damage.
Comprehensive coverage pays for things like a broken windshield, hitting a deer, vandalism and damage from getting keyed. The maximum payout a insurance company will pay at claim time is the cash value of the vehicle, so if the vehicle's value is low consider dropping full coverage.
Uninsured/Underinsured Motorist (UM/UIM)
Uninsured or Underinsured Motorist coverage protects you and your vehicle from other drivers when they either have no liability insurance or not enough. It can pay for medical payments for you and your occupants as well as damage to your GMC Sierra.
Because many people carry very low liability coverage limits (which is 25/50/15), their limits can quickly be used up. That's why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked.
Med pay and Personal Injury Protection (PIP)
Coverage for medical payments and/or PIP kick in for immediate expenses like EMT expenses, prosthetic devices and funeral costs. They are often used to fill the gap from your health insurance plan or if you are not covered by health insurance. Coverage applies to not only the driver but also the vehicle occupants and also covers any family member struck as a pedestrian. Personal Injury Protection is not an option in every state and may carry a deductible
This provides protection from damage or injury you incur to a person or their property that is your fault. Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. You might see values of 25/50/15 which stand for $25,000 in coverage for each person's injuries, a limit of $50,000 in injury protection per accident, and property damage coverage for $15,000.
Liability can pay for claims like medical expenses, emergency aid and loss of income. How much coverage you buy is your choice, but you should buy as high a limit as you can afford. Colorado state law requires minimum liability limits of 25/50/15 but you should consider buying more coverage.
Auto collision coverage
Collision coverage covers damage to your Sierra caused by collision with a stationary object or other vehicle. A deductible applies then your collision coverage will kick in.
Collision coverage pays for claims such as driving through your garage door, rolling your car, colliding with a tree and crashing into a ditch. This coverage can be expensive, so consider removing coverage from lower value vehicles. Drivers also have the option to choose a higher deductible on your Sierra to save money on collision insurance.
A little work can save a LOT of money
Lower-priced auto insurance in Denver can be sourced online as well as from insurance agents, so you should be comparing quotes from both in order to have the best chance of saving money. Some auto insurance companies may not have price quotes online and usually these regional carriers provide coverage only through independent agencies.
When shopping online for auto insurance, it's very important that you do not skimp on coverage in order to save money. In many instances, drivers have reduced uninsured motorist or liability limits and discovered at claim time that saving that couple of dollars actually costed them tens of thousands. Your objective should be to buy the best coverage you can find at the lowest possible cost, but do not skimp to save money.
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