Trying to find cheaper GMC Sierra insurance in Buffalo is always hard for beginners to online price comparisons. With so many online companies, it can quickly become a ton of work to locate the lowest price in New York.
How to save on GMC Sierra insurance in Buffalo
The best way to find low-cost GMC Sierra insurance in Buffalo is to regularly compare quotes from providers who sell auto insurance in New York.
- Step 1: Read about how insurance works and the things you can change to prevent rate increases. Many factors that result in higher prices like multiple speeding tickets and poor credit rating can be eliminated by improving your driving habits or financial responsibility.
- Step 2: Request price quotes from direct carriers, independent agents, and exclusive agents. Exclusive agents and direct companies can only give rate quotes from one company like Progressive or Allstate, while independent agents can provide price quotes from many different companies.
- Step 3: Compare the quotes to your existing rates to see if cheaper Sierra coverage is available in Buffalo. If you find a better price and switch companies, make sure there is no coverage gap between policies.
One key aspect of rate comparisons is to try to use similar limits and deductibles on every quote request and to quote with every insurance company. Doing this ensures an apples-to-apples comparison and maximum price selection.
It’s hard to fathom, but a large majority of drivers have stayed with the same insurance company for a minimum of four years, and nearly the majority have never even compared rates from other companies. The average driver in Buffalo could save an average of almost $840 each year, but they don’t want to take the time to find affordable rates by getting comparison quotes.
You need to compare prices before your policy renews because rates tend to go up over time. Just because you found the lowest premium rates on GMC Sierra insurance in Buffalo six months ago there is a good chance you can find better prices now. Ignore everything you know about car insurance because I’m going to teach you how to use online quotes to find lower rates on car insurance.
How to Lower Your Insurance Premiums
Lots of things are considered when pricing auto insurance. Some are obvious like an MVR report, but other criteria are less apparent like where you live or your vehicle rating.
Listed below are just a few of the factors used by insurance companies to determine your premiums.
Keep policy claims to a minimum – Auto insurance companies in New York award the lowest premiums to policyholders who file claims infrequently. If you are the type of insured that files lots of claims you can definitely plan on higher rates. Auto insurance is intended for more catastrophic claims.
Liability insurance limits should be high – Your policy’s liability coverage is the protection if ever you are responsible for an accident. This coverage provides legal defense coverage which can cost thousands of dollars. Liability insurance is quite affordable when compared with rates for comp and collision, so buy as much as you can afford.
Lower auto insurance rates with continuous auto insurance coverage – Not having insurance is illegal and you may have a hard time finding new coverage because you let your insurance coverage expire. In addition to paying higher rates, failure to provide proof of insurance will get you a hefty fine and possibly a revoked license.
Extra coverages can add up – Insurance policies have a lot of add-on coverages that you can buy on your Sierra policy. Insurance for replacement cost coverage, towing coverage, and membership fees are probably not needed. The coverages may be enticing at first, but if you don’t need them remove them from your policy.
Better prices on cars with good safety ratings – Vehicles with good safety scores cost less to insure. The safest vehicles result in less severe injuries and lower rates of occupant injuries means less money paid by your insurance company and lower rates for you. If your GMC earned at least four stars on Safercar.gov it is probably cheaper to insure.
GMC Sierra insurance claim data – Insurers use statistical claims data as a tool for profitable underwriting. Models that are shown to have higher frequency or amount of claims will have higher rates. The next table shows the collected loss data for GMC Sierra vehicles.
For each insurance policy coverage type, the statistical loss for all vehicles, regardless of make or model, equals 100. Values that are 100 or less are indicative of better than average losses, while numbers that are greater than 100 indicate higher probability of having a loss or statistically larger claims.
| 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 |
Empty fields indicate not enough data collected
Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Rates and data analysis
The table below outlines estimates of coverage prices for GMC Sierra models. Having knowledge of how auto insurance prices are calculated helps drivers make informed coverage decisions.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Sierra SLE Regular Cab 2WD | $114 | $200 | $272 | $16 | $82 | $684 | $57 |
| Sierra SL Extended Cab 2WD | $114 | $200 | $272 | $16 | $82 | $684 | $57 |
| Sierra SLE Crew Cab 2WD | $114 | $200 | $272 | $16 | $82 | $684 | $57 |
| Sierra SL Crew Cab 2WD | $130 | $236 | $272 | $16 | $82 | $736 | $61 |
| Sierra SLE Crew Cab 2WD | $130 | $236 | $272 | $16 | $82 | $736 | $61 |
| Sierra SLE Regular Cab 4WD | $130 | $236 | $272 | $16 | $82 | $736 | $61 |
| Sierra SLE Extended Cab 4WD | $130 | $236 | $272 | $16 | $82 | $736 | $61 |
| Sierra SLE Crew Cab 4WD | $130 | $236 | $272 | $16 | $82 | $736 | $61 |
| Sierra SLT Extended Cab 2WD | $130 | $236 | $272 | $16 | $82 | $736 | $61 |
| Sierra SL Crew Cab 4WD | $130 | $236 | $272 | $16 | $82 | $736 | $61 |
| Sierra SLT Extended Cab 4WD | $130 | $236 | $272 | $16 | $82 | $736 | $61 |
| Sierra SLT Crew Cab 2WD | $130 | $236 | $272 | $16 | $82 | $736 | $61 |
| Sierra SLT Crew Cab 4WD | $144 | $270 | $272 | $16 | $82 | $784 | $65 |
| Sierra Denali Crew Cab 2WD | $144 | $270 | $272 | $16 | $82 | $784 | $65 |
| Sierra Denali Crew Cab 4WD | $144 | $270 | $272 | $16 | $82 | $784 | $65 |
| Get Your Own Custom Quote Go | |||||||
Prices based on married male driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and New York minimum liability limits. Discounts applied include safe-driver, homeowner, multi-policy, claim-free, and multi-vehicle. Rate information does not factor in garaging location in Buffalo which can modify coverage rates considerably.
Should you raise deductibles?
One common question asked by Buffalo drivers is which deductible level should you buy. The following tables may help you to understand the differences in price when you select higher and lower coverage deductibles. The first pricing table uses a $100 deductible for physical damage and the second pricing table uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Sierra SLE Regular Cab 2WD | $228 | $412 | $264 | $16 | $80 | $1,025 | $85 |
| Sierra SL Extended Cab 2WD | $228 | $412 | $264 | $16 | $80 | $1,025 | $85 |
| Sierra SLE Crew Cab 2WD | $228 | $412 | $264 | $16 | $80 | $1,025 | $85 |
| Sierra SL Crew Cab 2WD | $258 | $484 | $264 | $16 | $80 | $1,127 | $94 |
| Sierra SLE Crew Cab 2WD | $258 | $484 | $264 | $16 | $80 | $1,127 | $94 |
| Sierra SLE Regular Cab 4WD | $258 | $484 | $264 | $16 | $80 | $1,127 | $94 |
| Sierra SLE Extended Cab 4WD | $258 | $484 | $264 | $16 | $80 | $1,127 | $94 |
| Sierra SLE Crew Cab 4WD | $258 | $484 | $264 | $16 | $80 | $1,127 | $94 |
| Sierra SLT Extended Cab 2WD | $258 | $484 | $264 | $16 | $80 | $1,127 | $94 |
| Sierra SL Crew Cab 4WD | $258 | $484 | $264 | $16 | $80 | $1,127 | $94 |
| Sierra SLT Extended Cab 4WD | $258 | $484 | $264 | $16 | $80 | $1,127 | $94 |
| Sierra SLT Crew Cab 2WD | $258 | $484 | $264 | $16 | $80 | $1,127 | $94 |
| Sierra SLT Crew Cab 4WD | $286 | $558 | $264 | $16 | $80 | $1,229 | $102 |
| Sierra Denali Crew Cab 2WD | $286 | $558 | $264 | $16 | $80 | $1,229 | $102 |
| Sierra Denali Crew Cab 4WD | $286 | $558 | $264 | $16 | $80 | $1,229 | $102 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Sierra SLE Regular Cab 2WD | $166 | $278 | $264 | $16 | $80 | $804 | $67 |
| Sierra SL Extended Cab 2WD | $166 | $278 | $264 | $16 | $80 | $804 | $67 |
| Sierra SLE Crew Cab 2WD | $166 | $278 | $264 | $16 | $80 | $804 | $67 |
| Sierra SL Crew Cab 2WD | $188 | $328 | $264 | $16 | $80 | $876 | $73 |
| Sierra SLE Crew Cab 2WD | $188 | $328 | $264 | $16 | $80 | $876 | $73 |
| Sierra SLE Regular Cab 4WD | $188 | $328 | $264 | $16 | $80 | $876 | $73 |
| Sierra SLE Extended Cab 4WD | $188 | $328 | $264 | $16 | $80 | $876 | $73 |
| Sierra SLE Crew Cab 4WD | $188 | $328 | $264 | $16 | $80 | $876 | $73 |
| Sierra SLT Extended Cab 2WD | $188 | $328 | $264 | $16 | $80 | $876 | $73 |
| Sierra SL Crew Cab 4WD | $188 | $328 | $264 | $16 | $80 | $876 | $73 |
| Sierra SLT Extended Cab 4WD | $188 | $328 | $264 | $16 | $80 | $876 | $73 |
| Sierra SLT Crew Cab 2WD | $188 | $328 | $264 | $16 | $80 | $876 | $73 |
| Sierra SLT Crew Cab 4WD | $210 | $378 | $264 | $16 | $80 | $948 | $79 |
| Sierra Denali Crew Cab 2WD | $210 | $378 | $264 | $16 | $80 | $948 | $79 |
| Sierra Denali Crew Cab 4WD | $210 | $378 | $264 | $16 | $80 | $948 | $79 |
| Get Your Own Custom Quote Go | |||||||
Data variables include married male driver age 30, no speeding tickets, no at-fault accidents, and New York minimum liability limits. Discounts applied include multi-vehicle, homeowner, safe-driver, multi-policy, and claim-free. Rate information does not factor in garaging location in Buffalo which can change price quotes greatly.
Based on the data above, we can derive that using a $100 deductible costs an average of $21 more each month or $252 a year than requesting the higher $500 deductible. Since you would pay $400 more out-of-pocket with a $500 deductible as compared to a $100 deductible, if you normally average at least 19 months between claims, you would save more money if you choose a higher deductible.
Calculation for determining deductible levels
| Average monthly premium for $100 deductibles: | $94 |
| Average monthly premium for $500 deductibles (subtract): | – $73 |
| Monthly savings from raising deductible: | $21 |
| Difference between deductibles ($500 – $100): | $400 |
| Divide difference by monthly savings: | $400 / $21 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 19 months |
An important thing to remember is that higher deductibles results in having to pay to pay more out-of-pocket when you have to file a claim. It will be required that you have some extra savings in order to pay the deductible.
GMC Sierra insurance costs by age and gender
The diagram below illustrates the comparison of GMC Sierra annual premium costs for male and female drivers. Data assumes a clean driving record, no at-fault accidents, comprehensive and collision coverage, $100 deductibles, drivers are not married, and no other discounts are factored in.
Difference between liability only and full coverage rates
The diagram below compares GMC Sierra insurance costs with full coverage compared to only the New York minimum liability coverage. The costs are based on no claims or driving citations, $500 deductibles, single status, and no discounts are factored in.
Should you pay for full coverage or liability only?
There is no definitive rule of when to drop full coverage, but there is a guideline you can use. If the annual cost of having full coverage is more than about 10% of any settlement you would receive from your insurance company, then it might be time to consider dropping full coverage.
For example, let’s say your GMC Sierra replacement value is $3,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled in an accident, the most you would get paid by your company is $2,000 after paying the physical damage deductible. If premiums are more than $200 annually to have full coverage, then it might be time to consider dropping full coverage.
There are a few situations where only buying liability is not a good plan. If you still owe a portion of the original loan, you have to keep full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if you can’t afford to buy a different vehicle in the event your current vehicle is totaled, you should not opt for liability only.
Score discounts to get cheaper Buffalo auto insurance rates
Auto insurance is not cheap nor is it fun to buy but there’s a good chance there are discounts that many people don’t even know exist. Some discounts apply automatically when you complete an application, but less common discounts must be asked for before they will apply.
- Theft Prevention System – Cars and trucks equipped with anti-theft or alarm systems prevent vehicle theft and therefore earn up to a 10% discount.
- Bundled Policy Discount – If you can bundle your auto and home insurance with one company you may earn at least 10 to 15 percent or more.
- Discounts for Multiple Vehicles – Buying a policy with multiple cars on a single policy qualifies for this discount.
- Telematics Devices – Insureds that choose to allow data collection to monitor vehicle usage by using a small device installed in their vehicle like Drivewise from Allstate or In-Drive from State Farm could save a few bucks if their driving habits are good.
- Driver Safety – Successfully completing a course that instructs on driving safety is a good idea and can lower rates and also improve your driving technique.
- Federal Employees – Active or former government employment could provide a small rate reduction with select insurance companies.
Discounts save money, but please remember that most credits do not apply to all coverage premiums. Some only apply to specific coverage prices like medical payments or collision. So even though they make it sound like adding up those discounts means a free policy, insurance companies wouldn’t stay in business.
The chart below visualizes the comparison of GMC Sierra auto insurance rates with and without discounts applied to the rates. The premium estimates are based on a female driver, no tickets, no at-fault accidents, New York state minimum liability limits, full coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, multi-policy, claim-free, safe-driver, homeowner, and multi-car discounts applied.
If you would like to view insurance companies with discount auto insurance rates in Buffalo, click this link.
Cheaper auto insurance rates are out there
We just presented some good ideas how to reduce GMC Sierra insurance car insurance rates online in Buffalo. The key concept to understand is the more you quote Buffalo car insurance, the better chance you’ll have of finding inexpensive Buffalo car insurance quotes. You may even discover the best price on auto insurance is with a smaller regional carrier. Smaller companies may only write in your state and offer lower premium rates as compared to the big name companies such as Progressive and GEICO.
When shopping online for auto insurance, make sure you don’t reduce needed coverages to save money. There are many occasions where drivers have reduced liability coverage limits only to discover later that the small savings ended up costing them much more. Your strategy should be to purchase a proper amount of coverage at the lowest possible cost while not skimping on critical coverages.
Steps to quoting cheaper GMC Sierra insurance in Buffalo
The most effective way to find better pricing on GMC Sierra insurance in Buffalo is to regularly compare prices from insurance carriers in New York.
Step 1: Spend a few minutes and learn about how your policy works and the steps you can take to drop your rates. Many policy risk factors that drive up the price such as getting speeding tickets and an imperfect credit history can be rectified by paying attention to minor details.
Step 2: Compare prices from independent agents, exclusive agents, and direct companies. Direct companies and exclusive agencies can provide rates from a single company like GEICO and State Farm, while agents who are independent can provide prices from multiple sources.
Step 3: Compare the price quotes to your existing coverage to see if switching to a new carrier will save money. If you can save money and change companies, ensure coverage does not lapse between policies.
A tip to remember is to try to use similar coverage information on every quote and and to get quotes from every insurance company. This enables a level playing field and many rates to choose from.
Other learning opportunities
- Child Safety FAQ (iihs.org)
- Who Has Affordable Buffalo Car Insurance for Drivers with a Bad Driving Record? (FAQ)
- Who Has Affordable Auto Insurance Rates for 17 Year Olds in Buffalo? (FAQ)
- How Much is Buffalo Auto Insurance for Safe Drivers? (FAQ)
- Who Has the Cheapest Buffalo Auto Insurance Rates for a Chevrolet Silverado? (FAQ)
- Who Has Affordable Buffalo Auto Insurance Quotes for a 20 Year Old Male? (FAQ)
- Who Has Cheap Auto Insurance for Hybrid Vehicles in Buffalo? (FAQ)
- Who Has Affordable Buffalo Auto Insurance Quotes for Seniors? (FAQ)
- Who Has Cheap Car Insurance Quotes for Retired Military in Buffalo? (FAQ)
- Who Has Cheap Auto Insurance Rates for Ride Shares in Buffalo? (FAQ)
- Rental Car Insurance Tips (Insurance Information Institute)
- Determining Auto Insurance Rates (GEICO)