Buying economical car insurance for a GMC Sierra in Illinois hinges on lots of different factors such as how old the vehicle is, your address, and the level of deductible you choose. Drivers in Illinois will pay on average $803 each year for Sierra insurance, but that figure is a projection calculated using a 40-year-old single male driver with full physical damage coverage and $1,000 deductibles.
When projecting a rate like this, the problem is that you may not be 40 years old (or even male), married instead of single, or maybe you rent instead of own your home. Not everyone needs the same coverages, so the best way to find cheap insurance prices for your GMC is to do your own rate comparisons. It’s really quite easy you will receive rate quotes from some of the best insurers available.
The specific model of Sierra impacts the annual cost of coverage, so the price you will pay to insure a Sierra SLE Regular Cab 2WD model will be $120 less expensive the price to insure the more expensive Sierra Denali Crew Cab 4WD version, as shown in the chart below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Sierra SLE Regular Cab 2WD||$122||$246||$316||$18||$94||$796||$66|
|Sierra SL Extended Cab 2WD||$122||$246||$316||$18||$94||$796||$66|
|Sierra SLE Crew Cab 2WD||$122||$246||$316||$18||$94||$796||$66|
|Sierra SL Crew Cab 2WD||$138||$290||$316||$18||$94||$856||$71|
|Sierra SLE Crew Cab 2WD||$138||$290||$316||$18||$94||$856||$71|
|Sierra SLE Regular Cab 4WD||$138||$290||$316||$18||$94||$856||$71|
|Sierra SLE Extended Cab 4WD||$138||$290||$316||$18||$94||$856||$71|
|Sierra SLE Crew Cab 4WD||$138||$290||$316||$18||$94||$856||$71|
|Sierra SLT Extended Cab 2WD||$138||$290||$316||$18||$94||$856||$71|
|Sierra SL Crew Cab 4WD||$138||$290||$316||$18||$94||$856||$71|
|Sierra SLT Extended Cab 4WD||$138||$290||$316||$18||$94||$856||$71|
|Sierra SLT Crew Cab 2WD||$138||$290||$316||$18||$94||$856||$71|
|Sierra SLT Crew Cab 4WD||$154||$334||$316||$18||$94||$916||$76|
|Sierra Denali Crew Cab 2WD||$154||$334||$316||$18||$94||$916||$76|
|Sierra Denali Crew Cab 4WD||$154||$334||$316||$18||$94||$916||$76|
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Data based on single male driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Illinois minimum liability limits. Discounts applied include homeowner, safe-driver, claim-free, multi-policy, and multi-vehicle. Information does not factor in vehicle garaging location which can influence premium rates greatly.
Establishing which companies offer the cheapest auto insurance rates for a GMC Sierra involves a bit more effort than just comparing rates from one or two companies. Every car insurance company has their own guidelines to determine premium rates, so let’s look at the rankings for the lowest cost auto insurance companies in Illinois.
Find Cheaper Car Insurance for Your Truck
|Rank||Company||Cost Per Year|
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The Hartford may offer some of the cheapest car insurance rates in Chicago at around $746 each year. This is $603 less than the average policy premium paid by Illinois drivers of $1,349. Rockford Mutual, Titan, Erie, and Cincinnati Insurance are also some of the best Chicago, IL car insurance companies.
In the above rates, if you are a customer of Titan and switched to The Hartford, you may see yearly savings of around $106. Customers with Erie might save as much as $132 a year, and Cincinnati Insurance customers might see rate reductions of $169 a year.
Bear in mind that those prices are averaged across all insureds and vehicles and and are not figured with a specific zip code for a GMC Sierra. So the insurer that can offer you the best price may not even be in the top 36 companies shown above. That’s why you need to quote rates from as many companies as possible using your own personal information and vehicle type.
Discount Chicago car insurance rates
Insurance companies that offer cheap quotes for a GMC Sierra could also offer discounts that can reduce rates by as much as 40% or more if you meet eligibility requirements. The best auto insurance companies and some of the discounts can be read below.
- GEICO may offer discounts for air bags, seat belt use, multi-policy, emergency military deployment, and daytime running lights.
- Mercury Insurance offers discounts including good student, anti-theft, low natural disaster claims, age of vehicle, and location of vehicle.
- Farmers Insurance may include discounts for early shopping, mature driver, switch companies, teen driver, good student, and business and professional.
- Auto-Owners Insurance offers discounts for multiple vehicles, teen driver, air bags, anti-lock brakes, and safe driver.
- Liberty Mutual discounts include multi-car, new move discount, good student, teen driver discount, new graduate, exclusive group savings, and hybrid vehicle.
- SAFECO policyholders can earn discounts including drive less, safe driver, multi-car, bundle discounts, and teen safety rewards.
- Progressive offers premium reductions for online signing, multi-policy, good student, online quote discount, multi-vehicle, and homeowner.
- USAA may have discounts that include multi-policy, good student, safe driver, vehicle storage, multi-vehicle, and defensive driver.
The diagram below shows the comparison of insurance costs with and without discounts applied to the premium. The rates are based on a female driver, a clean driving record, no at-fault accidents, Illinois state minimum liability limits, comprehensive and collision coverage, and $500 deductibles.
The first bar for each age group shows premium with no discounts. The lower bar shows the rates with safe-driver, vehicle safety, marriage, accident-free, anti-theft, and claim-free discounts applied. When drivers qualify for the discounts, the average amount saved each year on auto insurance for a GMC Sierra is 28% or $413.
Who has the cheapest Sierra insurance?
Chicago, IL auto insurance rates are impacted by many factors which can substantially change the cost of your policy. Simply having another birthday, becoming a homeowner, or getting a ticket for careless driving can cause premium changes resulting in some companies being affordable when they were higher priced. Not only may your risk profile change, but insurance companies change premium rates every year or even multiple times each year to adjust for heavy claims or excess profits. Higher than normal claim frequency or severity can result in more expensive premiums, while a better loss history can produce more affordable Sierra insurance rates.
The graph below compares the cheapest car insurance in Chicago, IL for a 30-year-old female driver with a good driving record, no prior claims, and good financial standing. If we compare prices based on her current situation, The Hartford has the cheapest car insurance rates in Chicago at $1,260 annually. This is $89 less than the average premium paid by Illinois drivers of $1,349. Rockford Mutual, Titan, Erie, and Cincinnati Insurance round out the rest of the best Chicago, IL auto insurance companies.
Let’s now give the driver in the first example a couple of claims, a lower credit rating, and a couple of points charged on her driving record. Because every insurance company has a different formula for determining prices, comparing rates may now result in a different set of affordable Chicago car insurance companies as shown below.
USAA now has the best car insurance rate in Chicago, IL with SECURA, Utica National, State Farm, and Auto-Owners also having competitive pricing. This shows why it is critical to spend some time comparing rates when trying to get affordable auto insurance quotes for a GMC Sierra. Prices are made up of many things and can increase or decrease at any time, so the best option the last time you checked may now be costing you a lot of money.