Auto Insurance Rates for a GMC Sierra in Colorado Springs

If your goal is the lowest price, then the best way to get more affordable GMC Sierra insurance in Colorado Springs is to begin comparing prices regularly from insurance carriers in Colorado.

1. Get an understanding of auto insurance and the things you can control to keep rates low. Many rating criteria that increase rates like your driving record and a less-than-favorable credit rating can be eliminated by making small lifestyle or driving habit changes. Continue reading for additional tips to get better rates and find discounts that may have been missed.
2. Compare rates from independent agents, exclusive agents, and direct companies. Exclusive agents and direct companies can only quote rates from one company like GEICO and Allstate, while independent agents can provide rate quotes from many different companies. View companies
3. Compare the new rates to your current policy to see if cheaper Sierra coverage is available. If you find better rates, verify that coverage does not lapse between policies.

The most important part of shopping around is that you use the same physical damage deductibles and liability limits on each quote and and to get price estimates from as many car insurance companies as possible. Doing this provides the most accurate price comparison and a complete selection of prices.

Regrettably, the vast majority of consumers have stayed with the same insurance company for a minimum of four years, and nearly the majority have never taken the time to shop around. Most drivers in Colorado Springs could save themselves $610 a year, but they don’t know the big savings they would realize if they changed companies.

Affordable companies for GMC Sierra insurance in Colorado

The auto insurance companies shown below provide quotes in Colorado Springs, CO. In order to find cheap car insurance in Colorado Springs, CO, it’s a good idea that you visit several of them in order to get a fair rate comparison.

Coverage statistics and figures

The rate information displayed next outlines a range of policy rates for GMC Sierra models. Having a better idea how insurance quotes are determined can assist in making informed decisions when comparing rate quotes.

Prices above based on single female driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Colorado minimum liability limits. Discounts applied include multi-policy, homeowner, safe-driver, multi-vehicle, and claim-free. Rate quotes do not factor in specific location information which can lower or raise insurance rates greatly.

Can higher deductibles save money?

When buying insurance, a common question is what deductibles to buy. The comparison tables below approximate the cost difference when you buy lower versus higher physical damage deductibles. The first set of prices uses a $100 physical damage deductible and the second rate table uses a $1,000 deductible.

Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Colorado minimum liability limits. Discounts applied include multi-vehicle, homeowner, multi-policy, claim-free, and safe-driver. Table data does not factor in specific Colorado Springs garaging location which can influence premium rates considerably.

Based on the figures above, using a $100 deductible costs roughly $40 more each month or $480 every year across all GMC Sierra models than choosing the higher $1,000 deductible. Because you would be required to pay $900 more if you file a claim with a $1,000 deductible as compared to a $100 deductible, if you have at least 23 months between claims, you would probably save some money if you elect the higher deductible.

The chart below illustrates how your deductible choice and can increase or decrease GMC Sierra annual premium costs for different age groups. The prices are based on a married male driver, full coverage, and no discounts are applied.

Accidents and violations increase rates

The chart below demonstrates how citations and at-fault fender-benders increase GMC Sierra insurance rates for different ages of insureds. The premiums are based on a married female driver, full physical damage coverage, $250 deductibles, and no additional discounts are factored in.

How Your Sierra Insurance Prices are Determined

When buying insurance it’s important to understand the different types of things that aid in calculating your insurance rates. If you understand what determines base rates, this enables informed choices that can help you get much lower annual insurance costs.

Low mileage costs less – The higher the mileage driven annually the more it will cost to insure it. Most companies apply a rate based upon how the vehicle is primarily used. Cars and trucks that have low annual miles cost less to insure than cars that get driven a lot. Having the wrong rating on your Sierra may be wasting your money. Double check that your insurance declarations sheet properly reflects the proper vehicle usage.

Save money with higher coverage deductibles – Your deductibles represent how much money the insured will be required to pay before a claim is paid by your company. Physical damage coverage, also called comprehensive and collision insurance, covers damage that occurs to your car. A few examples of covered claims would be rear-ending another vehicle, animal collisions, and damage from wind. The larger the amount you pay before a claim is paid (deductible), the less your insurance will be.

Too many insurance claims will drive rates up – Companies in Colorado award cheaper rates to people who do not rely on their insurance for small claims. If you frequently file small claims, you can look forward to much higher rates or policy non-renewal. Your car insurance is meant to be used in the event of the large, substantial claims.

Why do you need liability insurance? – Liability coverage will protect you when a court rules you are at fault for physical damage or personal injury to other. It will provide legal defense coverage starting from day one. Carrying liability coverage is mandatory and cheap compared to comp and collision, so do not cut corners here.

GMC Sierra claim data – Insurers use past insurance losses when they file their rates in each state. Vehicles that the statistics show to have higher losses will cost more to insure. The table below outlines the actual insurance loss data for GMC Sierra vehicles.

For each insurance policy coverage type, the loss probability for all vehicles, as an average, equals 100. Values under 100 mean the vehicle has better than average losses, while values that are above 100 indicate a higher chance of having a claim or larger claims.

Check for these discounts on GMC Sierra insurance in Colorado Springs

Companies do not list the entire discount list in a way that’s easy to find, so below is a list a few of the more common and the more hidden insurance savings.

• Life Insurance – Some insurance companies give lower prices if you buy a life policy as well.
• Good Students Pay Less – Getting good grades could provide a savings of up to 20% or more. This discount can apply up until you turn 25.
• Discounts for Safe Drivers – Drivers who don’t get into accidents can get discounts for up to 45% lower rates compared to accident prone drivers.
• Discounts for Seat Belt Usage – Using a seat belt and requiring all passengers to fasten their seat belts may be able to save a few bucks off the personal injury premium cost.
• Colorado Springs Homeowners Discount – Owning a house in Colorado Springs can earn you a little savings due to the fact that maintaining a home demonstrates responsibility.
• Passenger Safety Discount – Vehicles with factory air bags or automatic seat belts may get savings of 25 to 30%.

We need to note that most credits do not apply to the whole policy. Most only reduce the cost of specific coverages such as physical damage coverage or medical payments. If you do the math and it seems like you can get free auto insurance, nobody gets a free ride. But any discount will definitely reduce your premiums.

The diagram below shows the difference between GMC Sierra annual premium costs with and without discounts applied. Data assumes a female driver, no violations or claims, Colorado state minimum liability limits, comprehensive and collision coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, homeowner, marriage, claim-free, multi-policy, and multi-car discounts applied.

A few popular companies and a partial list of their discounts include:

• Farm Bureau may include discounts for safe driver, renewal discount, 55 and retired, driver training, multi-vehicle, youthful driver, and multi-policy.
• MetLife includes discounts for good driver, good student, multi-policy, defensive driver, and accident-free.
• Progressive policyholders can earn discounts including multi-policy, multi-vehicle, continuous coverage, homeowner, online quote discount, and good student.
• AAA has discounts for education and occupation, anti-theft, multi-policy, good student, multi-car, good driver, and pay-in-full.
• American Family offers discounts including mySafetyValet, good student, good driver, Steer into Savings, and TimeAway discount.
• GEICO offers discounts for military active duty, anti-theft, multi-policy, air bags, good student, driver training, and emergency military deployment.
• State Farm may offer discounts for safe vehicle, multiple policy, good driver, accident-free, and driver’s education.

If you need lower rates, check with each insurance company which credits you are entitled to. Some of the earlier mentioned discounts may not apply in your state. If you would like to view providers with discount insurance rates in Colorado, follow this link.

Compare rates but buy from a local Colorado Springs insurance agency

Some people would rather sit down with an agent and that is a personal choice. Most agents can help you build your policy and help file insurance claims. An additional benefit of comparing rate quotes online is the fact that drivers can get cheap auto insurance quotes but still work with a licensed agent.

After completing this form (opens in new window), the quote information gets sent to participating agents in Colorado Springs who want to provide quotes for your coverage. You don’t have to even leave your home because prices are sent to your email. In the event you want to compare prices from one company in particular, you just need to navigate to their website and submit a quote form there.

Picking the best provider requires you to look at more than just the bottom line cost. Here are some questions you should ask.

• Can you contact them at any time?
• What are the financial ratings for the companies they represent?
• Do they assist clients in filing claims?
• Is the agent CPCU or CIC certified?
• What is their Better Business Bureau rating?
• Are they actively involved in the community?
• Do they make recommendations based only on price?
• Will their companies depreciate repairs to your car based on the mileage?

What types of car insurance agents are in Colorado Springs?

If you need to find local Colorado Springs agents, there are a couple of different agency structures and how they operate. Auto insurance agents in Colorado Springs can either be exclusive or independent agents depending on their company appointments. Both types of agents can handle auto insurance, but it is important to understand the difference between them because it can impact the selection process.

Exclusive Insurance Agencies

Agents that elect to be exclusive can only provide one company’s prices such as Farmers Insurance, American Family, State Farm and Allstate. Exclusive agents cannot provide other company’s prices so they are skilled at selling on more than just price. Exclusive insurance agents receive a lot of sales training on what they offer and that enables them to sell even at higher rates. Some insured continue to buy from the same agent for years mainly due to the prominence of the brand and strong financial ratings.

Listed below are exclusive insurance agencies in Colorado Springs who can help you get price quote information.

• John Hall – State Farm Insurance Agent
  1614 Academy Blvd N b – Colorado Springs, CO 80909 – (719) 596-1414 – View Map
• Aileen Baldwin – State Farm Insurance Agent
  540 W Garden of the Gods Rd – Colorado Springs, CO 80907 – (719) 599-9044 – View Map
• Jeff Schmidt – State Farm Insurance Agent
  1230 Tenderfoot Hill Rd Ste. 200 – Colorado Springs, CO 80906 – (719) 445-0070 – View Map

View more agents

Independent Insurance Agents

Agents that elect to be independent are not employed by one company and that is an advantage because they can write policies through lots of different companies and find the cheapest auto insurance rates. If premiums increase, an independent agent can move your coverage and you don’t have to do anything.

When shopping rates, we recommend you contact several independent agencies to have the best price comparison. Most independent agents also contract with small regional insurance companies who may have lower rates.

Below is a list of independent insurance agents in Colorado Springs that can give you price quote information.

• A Better Choice Auto Insurance
  1863 N Circle Dr – Colorado Springs, CO 80909 – (719) 667-1301 – View Map
• Mary Beth Stiltner Insurance Agency
  1880 Dublin Blvd # C – Colorado Springs, CO 80918 – (719) 528-1555 – View Map
• CIA-Leavitt Insurance Agency
  5585 Erindale Dr #107 – Colorado Springs, CO 80918 – (719) 528-1884 – View Map

View more agents

Auto insurance is unique, just like you

When it comes to choosing coverage for your vehicles, there is no best way to insure your cars. Each situation is unique.

For example, these questions can aid in determining if your insurance needs would benefit from an agent’s advice.

• Does rental coverage apply when I am renting a car?
• Why am I required to get a high-risk car insurance policy?
• Am I covered by my spouse’s policy after a separation?
• Are my tools covered if they get stolen from my vehicle?
• What is covered by UM/UIM coverage?
• What does UM/UIM cover?
• Am I covered when pulling a rental trailer?

If you don’t know the answers to these questions then you might want to talk to an agent. If you don’t have a local agent, simply complete this short form. It’s fast, free and can provide invaluable advice.

Don’t give up on cheaper coverage

Some companies may not offer the ability to get a quote online and usually these regional carriers provide coverage only through independent agents. Affordable GMC Sierra insurance in Colorado Springs can be purchased on the web as well as from independent agents in Colorado Springs, and you should compare price quotes from both to have the best chance of lowering rates.

As you quote Colorado Springs car insurance, never reduce coverage to reduce premium. Too many times, an insured dropped full coverage only to regret at claim time that their decision to reduce coverage ended up costing them more. Your goal should be to buy enough coverage at a price you can afford, not the least amount of coverage.

Drivers switch companies for many reasons like unfair underwriting practices, an unsatisfactory settlement offer, high rates after DUI convictions or even delays in paying claims. Whatever your reason, finding a new company is not as difficult as it may seem.

Much more information about car insurance in Colorado can be read on the following sites:

• Airbag FAQ (iihs.org)
• What Insurance is Cheapest for a Nissan Rogue in Colorado Springs? (FAQ)
• Rental Reimbursement Coverage (Allstate)
• Warning systems don’t curb driver distraction (Insurance Institute for Highway Safety)