How many times have you said it’s time to compare more affordable GMC Sierra insurance in Lincoln? Being forced to pay for expensive car insurance premiums can sap your family’s budget and force you to make tough financial choices. Comparing rate quotes can be a smart way to tighten up your finances.
It’s an obvious statement that insurance companies don’t want you comparing rates. Consumers who shop around annually will most likely buy a different policy because of the good chance of finding good coverage at a lower price. A survey found that consumers who routinely compared rates saved over $850 each year compared to those who never shopped around for cheaper prices.
If finding the lowest price on auto insurance is your ultimate objective, then having a grasp of how to quote and compare insurance coverage can save money and time.
How to find cheaper GMC Sierra insurance in Lincoln
If saving the most money is your goal, then the best way to get low-cost car insurance rates is to compare quotes annually from providers in Lincoln.
- First, try to comprehend how your policy works and the modifications you can make to keep rates in check. Many factors that increase rates such as at-fault accidents and a poor credit score can be improved by making small lifestyle or driving habit changes.
- Second, get rate quotes from exclusive agents, independent agents, and direct providers. Exclusive agents and direct companies can give quotes from a single company like GEICO or Farmers Insurance, while independent agents can quote prices for a wide range of insurance providers. Get quotes now
- Third, compare the quotes to the premium of your current policy and see if you can save money. If you find a better price and buy the policy, ensure there is no coverage lapse between policies.
- Fourth, provide proper notification to your current company of your intent to cancel your current car insurance policy. Submit the signed application along with the required initial payment to your new company or agent. As soon as you have the new policy, safely store the certificate verifying coverage with the vehicle registration.
One thing to point out is to try to compare identical coverage information on every quote and and to get quotes from as many companies as feasibly possible. This guarantees the most accurate price comparison and plenty of rates choose from.
Vehicle owners have multiple insurers to choose from, and although it’s a good thing to have a selection, so many choices can make it hard to compare company pricing for GMC Sierra insurance in Lincoln.
It’s smart to check car insurance prices quite often because car insurance prices are constantly changing. If you had the lowest rates on GMC Sierra insurance in Lincoln at your last renewal there may be better deals available now. Forget all the misinformation about car insurance because you’re about to learn one of the best ways to save money, get proper coverage and the best rates.
Many insurance companies such as Progressive, GEICO, Allstate and State Farm provide pricing online. Comparing prices online for GMC Sierra insurance in Lincoln can be done by anyone because it’s just a matter of typing in the coverages you want into the form. After you complete the form, their rating system will order your driving and credit reports and gives you a price quote based on these and other factors. This simplifies rate comparisons, and it’s also necessary to compare as many rates as possible if you want to find lower-cost insurance pricing.
In order to fill out one form to compare multiple rates now, take a look at the companies shown below. If you have your current policy handy, we recommend you type in the limits and deductibles as close as possible to your current policy. This ensures you are getting an apples-to-apples comparison using the exact same coverages.
The car insurance companies shown below provide quotes in Nebraska. To get cheap car insurance in Lincoln, NE, we recommend you visit two to three different companies to get the cheapest price.
Data for GMC Sierra insurance
The rate table below covers different insurance coverage prices for GMC Sierra models. Having a better idea how car insurance prices are calculated is important for making decisions when shopping around.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Sierra SLE Regular Cab 2WD||$286||$574||$404||$24||$122||$1,410||$118|
|Sierra SL Extended Cab 2WD||$286||$574||$404||$24||$122||$1,410||$118|
|Sierra SLE Crew Cab 2WD||$286||$574||$404||$24||$122||$1,410||$118|
|Sierra SL Crew Cab 2WD||$324||$676||$404||$24||$122||$1,550||$129|
|Sierra SLE Crew Cab 2WD||$324||$676||$404||$24||$122||$1,550||$129|
|Sierra SLE Regular Cab 4WD||$324||$676||$404||$24||$122||$1,550||$129|
|Sierra SLE Extended Cab 4WD||$324||$676||$404||$24||$122||$1,550||$129|
|Sierra SLE Crew Cab 4WD||$324||$676||$404||$24||$122||$1,550||$129|
|Sierra SLT Extended Cab 2WD||$324||$676||$404||$24||$122||$1,550||$129|
|Sierra SL Crew Cab 4WD||$324||$676||$404||$24||$122||$1,550||$129|
|Sierra SLT Extended Cab 4WD||$324||$676||$404||$24||$122||$1,550||$129|
|Sierra SLT Crew Cab 2WD||$324||$676||$404||$24||$122||$1,550||$129|
|Sierra SLT Crew Cab 4WD||$360||$778||$404||$24||$122||$1,688||$141|
|Sierra Denali Crew Cab 2WD||$360||$778||$404||$24||$122||$1,688||$141|
|Sierra Denali Crew Cab 4WD||$360||$778||$404||$24||$122||$1,688||$141|
|Get Your Own Custom Quote Go|
Table data represents single female driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Nebraska minimum liability limits. Discounts applied include claim-free, multi-policy, safe-driver, homeowner, and multi-vehicle. Premium costs do not factor in specific Lincoln garaging location which can change premium rates significantly.
Analysis of deductible levels
When buying auto insurance, a common question is what deductibles to buy. The data tables below can help you understand the cost difference between low and high physical damage deductibles. The first data table uses a $250 deductible and the second set of prices uses a $500 deductible.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Sierra SLE Regular Cab 2WD||$232||$390||$300||$18||$90||$1,055||$88|
|Sierra SL Extended Cab 2WD||$232||$390||$300||$18||$90||$1,055||$88|
|Sierra SLE Crew Cab 2WD||$232||$390||$300||$18||$90||$1,055||$88|
|Sierra SL Crew Cab 2WD||$262||$460||$300||$18||$90||$1,155||$96|
|Sierra SLE Crew Cab 2WD||$262||$460||$300||$18||$90||$1,155||$96|
|Sierra SLE Regular Cab 4WD||$262||$460||$300||$18||$90||$1,155||$96|
|Sierra SLE Extended Cab 4WD||$262||$460||$300||$18||$90||$1,155||$96|
|Sierra SLE Crew Cab 4WD||$262||$460||$300||$18||$90||$1,155||$96|
|Sierra SLT Extended Cab 2WD||$262||$460||$300||$18||$90||$1,155||$96|
|Sierra SL Crew Cab 4WD||$262||$460||$300||$18||$90||$1,155||$96|
|Sierra SLT Extended Cab 4WD||$262||$460||$300||$18||$90||$1,155||$96|
|Sierra SLT Crew Cab 2WD||$262||$460||$300||$18||$90||$1,155||$96|
|Sierra SLT Crew Cab 4WD||$292||$530||$300||$18||$90||$1,255||$105|
|Sierra Denali Crew Cab 2WD||$292||$530||$300||$18||$90||$1,255||$105|
|Sierra Denali Crew Cab 4WD||$292||$530||$300||$18||$90||$1,255||$105|
|Get Your Own Custom Quote Go|
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Sierra SLE Regular Cab 2WD||$188||$314||$300||$18||$90||$910||$76|
|Sierra SL Extended Cab 2WD||$188||$314||$300||$18||$90||$910||$76|
|Sierra SLE Crew Cab 2WD||$188||$314||$300||$18||$90||$910||$76|
|Sierra SL Crew Cab 2WD||$212||$370||$300||$18||$90||$990||$83|
|Sierra SLE Crew Cab 2WD||$212||$370||$300||$18||$90||$990||$83|
|Sierra SLE Regular Cab 4WD||$212||$370||$300||$18||$90||$990||$83|
|Sierra SLE Extended Cab 4WD||$212||$370||$300||$18||$90||$990||$83|
|Sierra SLE Crew Cab 4WD||$212||$370||$300||$18||$90||$990||$83|
|Sierra SLT Extended Cab 2WD||$212||$370||$300||$18||$90||$990||$83|
|Sierra SL Crew Cab 4WD||$212||$370||$300||$18||$90||$990||$83|
|Sierra SLT Extended Cab 4WD||$212||$370||$300||$18||$90||$990||$83|
|Sierra SLT Crew Cab 2WD||$212||$370||$300||$18||$90||$990||$83|
|Sierra SLT Crew Cab 4WD||$236||$428||$300||$18||$90||$1,072||$89|
|Sierra Denali Crew Cab 2WD||$236||$428||$300||$18||$90||$1,072||$89|
|Sierra Denali Crew Cab 4WD||$236||$428||$300||$18||$90||$1,072||$89|
|Get Your Own Custom Quote Go|
Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Nebraska minimum liability limits. Discounts applied include multi-vehicle, homeowner, multi-policy, claim-free, and safe-driver. Rate quotes do not factor in specific location information which can alter coverage prices greatly.
Using the premium rates above, we can conclude that using a $250 deductible will cost you about $13 more each month or $156 for a full year than selecting the higher $500 deductible. Since you would pay $250 more out of your own pocket with a $500 deductible as compared to a $250 deductible, if you go more than 19 months between claim filings, you would come out ahead if you choose the higher deductible.
Calculation for raising deductibles
|Average monthly premium for $250 deductibles:||$96|
|Average monthly premium for $500 deductibles (subtract):||– $83|
|Monthly savings from raising deductible:||$13|
|Difference between deductibles ($500 – $250):||$250|
|Divide difference by monthly savings:||$250 / $13|
|Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible||19 months|
One important note is that increasing deductibles to save money means you will have to cover more of the damage yourself when you have a physical damage claim. That will necessitate enough money put aside in order to pay the higher deductible in order to repair your vehicle.
The chart below shows how different deductible levels and can impact GMC Sierra yearly insurance costs for different categories of driver ages. The costs are based on a married female driver, comp and collision included, and no discounts are applied to the premium.
Auto insurance premiums by gender
The diagram below illustrates the difference between GMC Sierra annual premium costs for male and female drivers. The costs are based on no claims or driving violations, comprehensive and collision coverage, $250 deductibles, drivers are not married, and no discounts are applied.
Difference between liability only and full coverage rates
The information below illustrates the difference between GMC Sierra premium costs when comparing full coverage to liability only. Data assumes no violations or accidents, $1,000 deductibles, marital status is single, and no other discounts are factored in.
Guidelines for eliminating full coverage
There is no clear-cut rule for excluding comprehensive and collision coverage on your policy, but there is a general convention. If the annual cost of your full coverage insurance is more than around 10% of the replacement cost of your vehicle minus the policy deductible, then you may want to consider only buying liability coverage.
For example, let’s pretend your GMC Sierra replacement value is $8,000 and you have $1,000 deductibles. If your vehicle is destroyed, you would only receive $7,000 after the policy deductible has been paid. If you are paying more than $700 a year for your policy with full coverage, then you might consider buying liability only.
There are a few situations where buying only liability insurance is not a good idea. If you still have a loan on your vehicle, you must maintain physical damage coverage as part of the loan requirements. Also, if you don’t have enough money to buy a different vehicle in case of an accident, you should keep full coverage on your policy.
Why you need quality insurance for your vehicle
Even though it’s not necessarily cheap to insure a GMC in Lincoln, buying insurance is required in Nebraska but also provides important benefits.
- Most states have minimum mandated liability insurance limits which means the state requires specific minimum amounts of liability insurance coverage in order to license the vehicle. In Nebraska these limits are 25/50/25 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
- If you took out a loan on your vehicle, more than likely the lender will stipulate that you carry insurance to ensure they get paid if you total the vehicle. If you default on your policy, the bank or lender will purchase a policy for your GMC at a much higher premium rate and make you pay for the expensive policy.
- Insurance protects both your vehicle and your assets. It will also pay for all forms of medical expenses for you, any passengers, and anyone injured in an accident. Liability coverage will also pay for a defense attorney if anyone sues you for causing an accident. If your vehicle suffers damage from an accident or hail, your insurance policy will pay to repair the damage.
The benefits of carrying adequate insurance outweigh the cost, especially for larger claims. The average driver in Nebraska is overpaying over $750 every year so you should quote your policy with other companies at least once a year to help ensure money is not being wasted.
Lower rate quotes on GMC Sierra insurance in Lincoln with these six car insurance discounts
Not many people think insurance is cheap, but you can get discounts that you may not know about. A few discounts will automatically apply when you purchase, but a few need to be requested specifically in order for you to get them.
- Defensive Driver Discounts – Taking a defensive driver course could cut 5% off your bill and also improve your driving technique.
- Discount for Life Insurance – Some insurance carriers give a discounted price on car insurance if you buy a life insurance policy as well.
- Multi-car Discount – Buying a policy with several vehicles on the same car insurance policy qualifies for this discount.
- Government Employee Discount – Having worked for a branch of the government may qualify for a discount when you quote Lincoln car insurance with select insurance companies.
- Fewer Miles Equal More Savings – Keeping the miles down on your GMC could qualify for slightly better premium rates than normal.
- Military Discounts – Being deployed in the military can result in better prices.
Keep in mind that many deductions do not apply to the entire policy premium. The majority will only reduce specific coverage prices like collision or personal injury protection. If you do the math and it seems like it’s possible to get free car insurance, companies don’t profit that way.
The chart below visualizes the comparison of GMC Sierra car insurance rates with and without policy discounts. The rate quotes are based on a male driver, a clean driving record, no claims, Nebraska state minimum liability limits, comprehensive and collision coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, multi-car, claim-free, safe-driver, marriage, and multi-policy discounts applied.
Companies and some of their more popular discounts can be read below.
- GEICO offers discounts for anti-theft, driver training, federal employee, air bags, membership and employees, anti-lock brakes, and seat belt use.
- Travelers has discounts for student away at school, home ownership, driver training, payment discounts, early quote, multi-car, and new car.
- Nationwide may offer discounts for family plan, multi-policy, business or organization, anti-theft, accident-free, good student, and defensive driving.
- Farmers Insurance discounts include good student, switch companies, mature driver, electronic funds transfer, homeowner, teen driver, and multi-car.
- Esurance offers premium reductions for homeowner, paid-in-full, multi-car, Pac-12 alumni, and emergency road assistance.
- State Farm policyholders can earn discounts including driver’s education, anti-theft, Steer Clear safe driver discount, defensive driving training, passive restraint, and student away at school.
- Progressive offers discounts including online signing, multi-vehicle, homeowner, good student, online quote discount, and multi-policy.
- Mercury Insurance has savings for type of vehicle, multi-policy, age of vehicle, good student, annual mileage, location of vehicle, and professional/association.
Before buying, ask all the companies the best way to save money. Some of the earlier mentioned discounts may not apply everywhere. To see a list of insurance companies with discount car insurance rates in Nebraska, click here.
Local neighborhood agents and auto insurance
A lot of people prefer to buy from a licensed agent and that is just fine! Professional insurance agents are trained risk managers and help in the event of a claim. A nice benefit of comparing insurance prices online is the fact that you can find the lowest rates but also keep your business local.
To make it easy to find an agent, after completing this simple form, the coverage information gets sent to insurance agents in Lincoln that give free quotes and help you find cheaper coverage. You won’t need to visit any agencies since price quotes are sent directly to your email. In the event you want to get a comparison quote from a specific auto insurance provider, don’t hesitate to search and find their rate quote page and give them your coverage information.
Picking the best company requires you to look at more than just the quoted price. These are some valid questions you should ask.
- Is the coverage adequate for your vehicle?
- Is there a Errors and Omissions policy in force?
- Will vehicle repairs be made with aftermarket parts or OEM replacement parts?
- Do they have cheaper tiers of coverage?
- Is the agency involved in supporting local community causes?
- Do the companies they represent have a solid financial rating?
- How often do they review coverages?
- Does the agency have a positive business rating?
What types of car insurance agents are in Lincoln?
If you are wanting to find a local Lincoln insurance agency, there are two different types of agents and how they operate. Auto insurance agencies are classified as either independent agents or exclusive agents. Either can write policy coverage, but we need to point out the difference between them because it may have an impact on the type of agent you choose.
Exclusive Auto Insurance Agents
Agents that elect to be exclusive normally can only provide a single company’s rates and examples are AAA, Allstate, and State Farm. They usually cannot compare other company’s rates so keep that in mind. Exclusive agencies are well trained on sales techniques and that allows them to sell at a higher price point.
Shown below is a short list of exclusive agents in Lincoln that can give you price quotes.
American Family Insurance – James L. Brown Agency Inc
4500 Cornhusker Hwy Ste 1 – Lincoln, NE 68504 – (402) 465-0748 – View Map
Independent Auto Insurance Agents
Independent insurance agents are not required to write business for one company and that gives them the ability to insure with any number of different companies and get you the best rates possible. To move your coverage to a new company, they simply switch companies in-house and the insured can keep the same agent. When comparison shopping, you definitely need to check rates from at least one independent agent to get the best comparison.
Below are independent agents in Lincoln who can help you get price quote information.
Mid Mex Insurance Inc
1010 South St A – Lincoln, NE 68502 – (402) 438-6800 – View Map
Once you have reasonable responses to any questions you may have as well as offering an affordable quote, you may have just found a car insurance agent that is a good match to service your policy. But remember, consumers can cancel your policy any time you want so don’t think you’re contractually obligated to your new company for the entire policy term.
Auto insurance coverage options for a GMC Sierra
Having a good grasp of your auto insurance policy helps when choosing appropriate coverage at the best deductibles and correct limits. Auto insurance terms can be ambiguous and reading a policy is terribly boring. Below you’ll find the usual coverages found on the average auto insurance policy.
Liability coverage provides protection from damage that occurs to other people or property that is your fault. Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have liability limits of 25/50/25 which means $25,000 in coverage for each person’s injuries, a per accident bodily injury limit of $50,000, and a limit of $25,000 paid for damaged property.
Liability coverage protects against claims like funeral expenses, court costs, repair bills for other people’s vehicles, loss of income and pain and suffering. How much liability coverage do you need? That is a personal decision, but buy as large an amount as possible. Nebraska requires drivers to carry at least 25/50/25 but it’s recommended drivers buy more liability than the minimum.
The illustration below demonstrates why low liability limits may not provide adequate coverage.
Auto collision coverage
This coverage will pay to fix damage to your Sierra resulting from a collision with another car or object. A deductible applies then the remaining damage will be paid by your insurance company.
Collision insurance covers claims like colliding with a tree, colliding with another moving vehicle, crashing into a building, scraping a guard rail and hitting a parking meter. Collision coverage makes up a good portion of your premium, so you might think about dropping it from vehicles that are older. You can also choose a higher deductible on your Sierra to bring the cost down.
Comprehensive auto coverage
Comprehensive insurance covers damage from a wide range of events other than collision. You first have to pay a deductible and then insurance will cover the rest of the damage.
Comprehensive coverage pays for things like falling objects, a tree branch falling on your vehicle, damage from a tornado or hurricane and theft. The maximum amount a auto insurance company will pay at claim time is the market value of your vehicle, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.
UM/UIM (Uninsured/Underinsured Motorist) coverage
This protects you and your vehicle from other drivers when they are uninsured or don’t have enough coverage. It can pay for injuries to you and your family as well as damage to your GMC Sierra.
Since a lot of drivers have only the minimum liability required by law (Nebraska limits are 25/50/25), it only takes a small accident to exceed their coverage. So UM/UIM coverage is very important.
Medical payments and PIP coverage
Coverage for medical payments and/or PIP pay for bills for pain medications, X-ray expenses and chiropractic care. They can be used to fill the gap from your health insurance policy or if you do not have health coverage. Coverage applies to you and your occupants in addition to getting struck while a pedestrian. PIP coverage is only offered in select states but can be used in place of medical payments coverage
Smart consumers save more
When getting Lincoln car insurance quotes online, it’s not a good idea to buy lower coverage limits just to save a few bucks. There are too many instances where someone sacrificed comprehensive coverage or liability limits and learned later that it was a big error on their part. The goal is to buy a smart amount of coverage at an affordable rate but still have enough coverage for asset protection.
Cheap GMC Sierra insurance in Lincoln can be sourced on the web in addition to local insurance agencies, and you need to comparison shop both in order to have the best chance of saving money. Some insurance providers may not offer online price quotes and most of the time these smaller companies only sell through independent agents.
Steps to finding better rates for GMC Sierra insurance in Lincoln
If saving money is your primary concern, then the best way to find affordable GMC Sierra insurance is to start comparing prices yearly from different companies in Lincoln.
First, read and learn about how your policy works and the measures you can control to drop your rates. Many risk factors that result in higher rates like accidents, careless driving, and a bad credit score can be improved by making minor driving habit or lifestyle changes.
Second, request rate estimates from independent agents, exclusive agents, and direct companies. Direct companies and exclusive agencies can only quote rates from one company like Progressive or Farmers Insurance, while independent agents can give you price quotes for a wide range of insurance providers.
Third, compare the new quotes to the premium of your current policy to determine if switching companies saves money. If you can save some money, make sure the effective date of the new policy is the same as the expiration date of the old one.
A good tip to remember is to make sure you enter identical coverage information on every quote and and to get quotes from as many companies as you can. Doing this enables a fair price comparison and many rates to choose from.
Even more information is located in the articles below:
- All About Airbag Safety (State Farm)
- Who Has Affordable Lincoln Car Insurance Quotes for Teenagers? (FAQ)
- Who Has Cheap Car Insurance Rates for a 20 Year Old Male in Lincoln? (FAQ)
- What Insurance is Cheapest for Drivers Over Age 60 in Lincoln? (FAQ)
- Who Has Cheap Lincoln Auto Insurance for High School Students? (FAQ)
- Who Has Cheap Auto Insurance Rates for Homeowners in Lincoln? (FAQ)
- What Auto Insurance is Cheapest for Drivers with a Bad Driving Record in Lincoln? (FAQ)
- Understanding Limits and Deductibles (Allstate)
- Alcohol Impaired Driving FAQ (iihs.org)