Auto Insurance Rates for a GMC Sierra in Jersey City

I can’t think of anyone who likes buying car insurance, especially knowing they could find better rates elsewhere.

Unimaginable but true, almost 70% of drivers in New Jersey renewed their policy with the same company for a minimum of four years, and nearly the majority have never compared rates to find lower-cost insurance. Drivers in the United States can cut their rates by 46.5% a year by just shopping around, but they don’t invest the time required to compare rate quotes.

How to find low-cost GMC Sierra insurance in Jersey City

The most effective way to find low-cost GMC Sierra insurance is to do an annual price comparison from providers who provide auto insurance in Jersey City. You can shop around by completing these steps.

1. Spend some time learning about how companies set rates and the measures you can control to lower rates. Many policy risk factors that are responsible for high rates like multiple speeding tickets and a poor credit rating can be remedied by making minor changes to your lifestyle.
2. Compare price quotes from direct, independent, and exclusive agents. Direct and exclusive agents can only provide price estimates from a single company like GEICO or Farmers Insurance, while independent agencies can give you price quotes from multiple companies.
3. Compare the new rate quotes to your current policy premium and determine if there is any savings. If you can save money and change companies, make sure there is no lapse in coverage.

The key thing to remember is to compare identical coverage information on each quote request and and to get prices from as many different companies as possible. Doing this guarantees a fair rate comparison and the best rate selection.

Multiple insurers compete for your hard-earned dollar, so it’s not easy to compare every company to find the best rates possible on GMC Sierra insurance in Jersey City.

Consumers need to get comparison quotes before your policy renews because car insurance prices are constantly changing. Just because you had the lowest rates on GMC Sierra insurance in Jersey City a year ago a different company probably has better premium rates today. Ignore everything you know about car insurance because you’re about to find out the fastest way to get good coverage on GMC Sierra insurance in Jersey City at a lower rate.

If you already have coverage, you will be able to reduce premiums using these methods. Locating the best insurance company for you in Jersey City is easy if you know what you’re doing. Although New Jersey consumers must learn how the larger insurance companies determine prices because it varies considerably.

The are a couple different ways to get quotes from different companies. The quickest method to find the lowest GMC Sierra rates is to perform an online rate comparison.

Doing price comparisons online is so simple that it makes it a waste of time to spend time driving to different Jersey City agent offices. The internet can eliminate the need for a local agent unless your situation requires the professional assistance that can only be provided by a licensed insurance agent. It is possible to compare online quotes and have a local agent actually service the policy. When comparing auto insurance rates, know that having more price comparisons gives you a better chance of getting a lower rate than you’re paying now. Not every company provides online rate quotes, so you should also compare rates from them as well.

The companies shown below have been selected to offer free quotes in Jersey City, NJ. If multiple companies are listed, we recommend you get prices from several of them to find the lowest car insurance rates.

Buying the right vehicle insurance in New Jersey is an important decision

Despite the high cost, maintaining insurance serves a purpose in several ways.

• Almost all states have mandatory liability insurance requirements which means you are required to buy a specific minimum amount of liability insurance if you want to drive legally. In New Jersey these limits are 15/30/5 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $5,000 of property damage coverage.
• If you bought your GMC with a loan, most lenders will force you to buy full coverage to guarantee their interest in the vehicle. If you do not keep the policy in force, the lender will be forced to insure your GMC at a more expensive rate and force you to pay for the expensive policy.
• Insurance protects both your assets and your car. It will also cover many types of medical costs for both you and anyone you injure as the result of an accident. One policy coverage, liability insurance, will also pay for a defense attorney in the event you are sued. If mother nature or an accident damages your car, comprehensive and/or collision insurance will cover the damage repairs after a deductible is paid.

The benefits of insuring your car definitely exceed the price paid, particularly when you have a large claim. Today the average American driver is overpaying over $850 per year so it’s important to compare rates once a year at a minimum to make sure the price is not too high.

Data for GMC Sierra insurance

The premium table displayed below showcases a range of insurance costs for GMC Sierra models. Learning more about how rates are formulated can aid in making decisions on which insurance to purchase.

Table data assumes single female driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and New Jersey minimum liability limits. Discounts applied include claim-free, multi-policy, safe-driver, multi-vehicle, and homeowner. Premium amounts do not factor in garaging location in Jersey City which can change insurance rates greatly.

Higher deductibles save money

When buying insurance, a common question is how high should the physical damage deductibles be. The following insurance rates may help to conceptualize the differences in premium rates of buying low and high comp and collision deductibles. The first set of rates uses a $250 deductible for comprehensive and collision coverage and the second data table uses a $1,000 deductible.

Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and New Jersey minimum liability limits. Discounts applied include homeowner, safe-driver, multi-policy, claim-free, and multi-vehicle. Rate information does not factor in garaging location in Jersey City which can impact coverage rates significantly.

Based on this data, we can arrive at the conclusion that using a $250 deductible will cost in the ballpark of $38 more each month or $456 annually than buying the higher $1,000 deductible. Because you would pay $750 more to file a claim with a $1,000 deductible as compared to a $250 deductible, if you normally go more than 20 months between claims, you would save more money if you choose the higher deductible. The table below shows an example of how this determination is made.

One thing to note is that increasing deductibles to save money results in a higher out-of-pocket expense when you have to file a claim. You should have some non-essential savings in order to pay more for the deductible.

Responsible drivers pay cheaper insurance rates

The example below demonstrates how citations and at-fault accidents can influence GMC Sierra insurance premiums for different age groups of insureds. The rates are based on a single male driver, full coverage, $1,000 deductibles, and no additional discounts are factored in.

Cost difference between full coverage and liability

The example below shows the comparison of GMC Sierra auto insurance costs with full physical damage coverage and with liability coverage only. The data is based on no accidents, no driving violations, $250 deductibles, drivers are single, and no discounts are factored in.

When to buy liability coverage only

There isn’t a steadfast formula of when to stop paying for physical damage coverage, but there is a general guideline. If the annual cost of coverage is 10% or more of the settlement you would receive from your company, then it might be time to consider dropping full coverage.

For example, let’s pretend your GMC Sierra replacement cost is $4,000 and you have $1,000 deductibles. If your vehicle is totaled in an accident, the most you would get paid by your company is $3,000 after paying the physical damage deductible. If it’s costing you more than $300 annually for comprehensive and collision coverage, then you might want to think about dropping full coverage.

There are some circumstances where only buying liability is not financially feasible. If you have an outstanding loan on your vehicle, you have to keep full coverage in order to keep the loan. Also, if you cannot afford to purchase a different vehicle in the even your car is totaled, you should maintain full coverage.

Do you qualify for discounts on GMC Sierra insurance in Jersey City?

Companies offering auto insurance do not advertise every possible discount in an easy-to-find place, so we researched both well-publicized and also the lesser-known insurance savings.

• Driver Safety – Participating in a course that instructs on driving safety could possibly earn you a 5% discount and easily recoup the cost of the course.
• Driving Data Discount – Jersey City drivers who agree to allow their insurance company to monitor their driving habits by installing a telematics device such as Allstate’s Drivewise and State Farm’s In-Drive system may get a rate reduction if they exhibit good driving behavior.
• Accident-Free Discounts – Good drivers with no accidents pay less in comparison to policyholders that have many claims.
• Service Members Pay Less – Having a deployed family member can result in better premium rates.
• Buy New and Save – Buying insurance coverage on a new vehicle can get you a discount because new model year vehicles are generally safer.

Remember that most credits do not apply to your bottom line cost. Most cut the price of certain insurance coverages like medical payments or collision. Despite the appearance that adding up those discounts means a free policy, companies wouldn’t make money that way.

The example below shows the comparison of GMC Sierra insurance premiums with and without discounts. The rates are based on a male driver, no claims, a clean driving record, New Jersey state minimum liability limits, full physical damage coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, marriage, safe-driver, homeowner, claim-free, and multi-car discounts applied.

A few companies who may offer some of the discounts shown above may include but are not limited to:

• Farmers Insurance
• Esurance
• State Farm
• GEICO
• Allstate

If you need lower rates, check with every company to apply every possible discount. Some discounts listed above might not be offered in Jersey City.