Car Insurance Rate Quotes for a GMC Sierra in Milwaukee

Feel like you have an overpriced insurance policy? You’re preaching to the choir because you’re not alone.

Sadly, the majority of drivers kept buying from the same company for well over three years, and nearly the majority have never shopped around. Many drivers in the U.S. could pocket almost $850 a year by just comparing quotes, but they just don’t want to find cheaper insurance rates. Many car insurance companies compete for your insurance dollar, and it can be difficult to compare rates to find the absolute lowest rate on GMC Sierra insurance in Milwaukee.

If you have a policy now or just want cheaper coverage, use these cost-cutting techniques to lower your rates while maximizing coverage. Finding affordable car insurance coverage in Milwaukee is much easier if you know where to start. You just need to learn how to compare prices from many different companies online.

The following companies can provide free quotes in Wisconsin. If multiple companies are listed, we recommend you visit as many as you can to find the cheapest auto insurance rates.

Premium data assumes married male driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Wisconsin minimum liability limits. Discounts applied include multi-policy, homeowner, multi-vehicle, safe-driver, and claim-free. Price information does not factor in your specific Milwaukee location which can modify coverage rates significantly.

Higher deductibles lower rates

One common question asked by Milwaukee drivers is how high should the deductibles for physical damage be. The data tables below may help to conceptualize the differences in premium rates when you select higher and lower physical damage coverage deductibles. The first price estimate table uses a $250 deductible for comprehensive and collision coverage and the second data table uses a $500 deductible.

Above prices assume married male driver age 30, no speeding tickets, no at-fault accidents, and Wisconsin minimum liability limits. Discounts applied include homeowner, safe-driver, multi-vehicle, multi-policy, and claim-free. Prices do not factor in Milwaukee location which can influence price quotes greatly.

Based on these figures, using a $250 deductible costs an average of $11 more each month or $132 for a full year than buying the higher $500 deductible. Since the policyholder would be required to pay $250 more to file a claim with a $500 deductible as compared to a $250 deductible, if you tend to have at least 23 months between claim filings, you would come out ahead if you choose the higher deductible.

One important caveat is that higher deductibles means you will have to pay more of your own money when you have a claim. You must have enough money in the bank in order to pay more to get your vehicle repaired.

Illustration showing the impact of accidents and violations

The chart below illustrates how violations and at-fault accidents can raise GMC Sierra car insurance costs for different age categories. The price estimates are based on a single male driver, comprehensive and collision coverage, $250 deductibles, and no discounts are factored in.

GMC Sierra full coverage rates compared to liability only

The example below visualizes the comparison of GMC Sierra auto insurance rates when comparing full coverage to liability only. The rates are based on no accidents or driving violations, $100 deductibles, single female driver, and no discounts are factored in.

When to drop comprehensive and collision coverage

There is no exact rule for excluding full coverage on your policy, but there is a general convention. If the annual cost of comprehensive and collision coverage is more than about 10% of the replacement cost of your vehicle minus the policy deductible, then it might be time to buy liability only.

For example, let’s assume your GMC Sierra settlement value is $6,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled, the most you would get paid by your company is $5,000 after paying your deductible. If you are paying more than $500 a year to have full coverage, then you might want to consider buying only liability coverage.

There are a few cases where eliminating full coverage is not advised. If you still owe a portion of the original loan, you have to keep full coverage as part of the loan requirements. Also, if you can’t afford to buy a different vehicle in the even your car is totaled, you should keep full coverage on your policy.

Three reasons to insure your GMC vehicle

Despite the potentially high cost of GMC Sierra insurance, insurance may be required for several reasons.

First, the majority of states have mandatory insurance requirements which means you are required to carry a minimum amount of liability protection in order to be legal. In Wisconsin these limits are 25/50/10 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.

Second, if you have a lien on your Sierra, almost every bank will have a requirement that you buy full coverage to protect their interest in the vehicle. If coverage lapses or is canceled, the bank may buy a policy for your GMC at a much higher rate and force you to reimburse them the higher price.

Third, insurance preserves not only your GMC Sierra but also your financial assets. Insurance will also pay for all forms of medical expenses for you, your passengers, and anyone else injured in an accident. As part of your policy, liability insurance will also pay attorney fees if anyone sues you for causing an accident. If damage is caused by hail or an accident, comprehensive and/or collision insurance will cover the repair costs.

The benefits of carrying adequate insurance outweigh the cost, particularly for liability claims. As of last year, the average driver in Wisconsin is currently overpaying as much as $830 a year so compare quotes from several companies at every renewal to ensure rates are competitive.

What Determines GMC Sierra Insurance Premiums?

A large part of saving on car insurance is knowing some of the elements that come into play when calculating the rates you pay for car insurance. When you understand what controls the rates you pay, this empowers consumers to make smart changes that could result in lower premium levels. Lots of factors are used when you quote your car insurance policy. Some of the criteria are obvious such as your driving record, although some other factors are less apparent such as your credit history or your financial responsibility.

The items below are some of the most common factors used by insurance companies to determine prices.

Do you really need roadside assistance? – There are quite a few extra bells and whistles that can add up but may not be useful. Coverage for things like rental car reimbursement, towing coverage, and Farm Bureau memberships are some examples. They may sound like good ideas when talking to your agent, but if you’ve never needed them in the past get rid of them and save.

Drive lots and pay more – The more you drive annually the more you’ll pay to insure it. Almost all companies rate vehicles based on their usage. Cars that do not get driven very much receive lower rates than those used for commuting. Having the wrong rating on your Sierra can result in significantly higher rates. Make sure your car insurance coverage is rated on the correct driver usage, because it can save money.

Prevent theft and save – Choosing a vehicle that has a built-in theft deterrent system can help bring down rates. Theft prevention devices such as GM’s OnStar, tamper alarm systems and vehicle immobilizers all hinder your car from being stolen.

Do safer cars cost less to insure? – Vehicles with good safety scores can get you lower premiums. Vehicles built for safety reduce the chance of injuries and any reduction in injury severity means your insurance company pays less passed on to you as lower rates. If the GMC Sierra is rated at least an “acceptable” rating on the Insurance Institute for Highway Safety website you may pay a lower rate.

File car insurance claims and pay more – If you are a frequent claim filer, you can look forward to increased rates or even have your policy non-renewed. Insurance companies in Wisconsin give the lowest premiums to people who do not rely on their insurance for small claims. Your car insurance is meant to be used in the event of larger claims.

Liability is cheap – Liability insurance provides coverage in the event that you are determined to be liable for causing personal injury or damage in an accident. It provides legal defense which can cost thousands of dollars. Liability is cheap compared to comp and collision, so buy as much as you can afford.

Lower performance equals lower insurance rates – The performance level of the car you drive makes a substantial difference in your rates. The lowest premiums are usually for the lowest performance passenger models, but your final cost has many other factors. Because the GMC Sierra is classified as a pickup truck, insurance will be similar in price when compared to the average rates in Milwaukee.

Never allow your car insurance to lapse – Not having insurance is illegal and your next policy will cost more because you let your coverage cancel without a new policy in place. And not only will your rates increase, being ticketed for driving with no insurance could earn you a license revocation or jail time.

Insurance loss probability for a GMC Sierra – Car insurance companies analyze the history of losses to calculate a price that offsets possible losses. Vehicles that the data determines to have higher claim amounts or frequency will have higher rates.

The table below shows the insurance loss data for GMC Sierra vehicles. For each policy coverage, the claim probability for all vehicles, regardless of make or model, is considered to be 100. Percentage numbers below 100 imply a favorable loss record, while percentage values above 100 indicate more frequent losses or an increased likelihood of larger losses.

Milwaukee insurance discounts for a GMC Sierra

Auto insurance companies don’t necessarily list every possible discount in an easy-to-find place, so below is a list a few of the more common and the more hidden credits that may apply to you.

• Telematics Devices – Insureds that choose to allow data collection to study their driving habits by using a small device installed in their vehicle such as Allstate’s Drivewise and State Farm’s In-Drive system could see a rate decrease as long as the data is positive.
• Good Grades Discount – Maintaining excellent grades can be rewarded with saving of up to 25%. Many companies even apply the discount to college students up until you turn 25.
• Sign Early and Save – A few car insurance companies offer discounts for buying a new policy prior to your current Sierra insurance policy expiration. You may see this discount when you get Milwaukee auto insurance quotes online.
• Membership in Organizations – Participating in a civic or occupational organization in Milwaukee could trigger savings on your next renewal.
• Bundled Policy Discount – If you can combine your home and auto policy with one company they may give you a discount of nearly 15% which can help you find the cheapest GMC Sierra insurance in Milwaukee.

Discounts save money, but please remember that most discounts do not apply to your bottom line cost. Most only cut specific coverage prices like comprehensive or collision. So when the math indicates you would end up receiving a 100% discount, it just doesn’t work that way.

Popular car insurance companies and a summarized list of policyholder discounts are shown below.

• State Farm offers discounts for multiple policy, defensive driving training, good student, multiple autos, accident-free, and good driver.
• Farmers Insurance has savings for electronic funds transfer, distant student, bundle discounts, homeowner, and business and professional.
• GEICO includes discounts for driver training, membership and employees, good student, defensive driver, daytime running lights, military active duty, and anti-theft.
• American Family may offer discounts for TimeAway discount, accident-free, mySafetyValet, Steer into Savings, defensive driver, multi-vehicle, and early bird.
• Nationwide discounts include Farm Bureau membership, anti-theft, multi-policy, family plan, accident-free, defensive driving, and easy pay.
• Progressive policyholders can earn discounts including multi-policy, homeowner, continuous coverage, online signing, good student, and online quote discount.

If you need lower rates, check with every insurance company the best way to save money. A few discounts might not be available to policyholders everywhere. To see providers that offer discounts in Wisconsin, click here.

Car insurance is available from your local insurance agencies

A lot of people just want to get professional advice from a licensed agent and that is recommended in a lot of cases Insurance agents are very good at helping people manage risk and help in the event of a claim. One of the great benefits of comparing insurance prices online is you can get better rates but still work with a licensed agent. Buying insurance from small agencies is important especially in Milwaukee.

After filling out this simple form, your coverage information is immediately sent to local insurance agents that provide free Milwaukee auto insurance quotes and help you find cheaper coverage. You won’t even need to contact any insurance agencies because quoted prices will be sent directly to you. If for some reason you want to get a price quote from a specific company, you just need to visit that company’s website and give them your coverage information.

The different types of car insurance agents

If you are searching for an insurance agent, you must know there are a couple types of insurance agents that you can choose from. Car insurance agents are either independent agents or exclusive agents. Either can insure your vehicles properly, but it’s worth learning why they differ because it may have an impact on buying decisions.

Independent Car Insurance Agents (or Brokers)

Agents that choose to be independent are not restricted to one company so they can quote policies through many different car insurance companies and possibly get better coverage at lower prices. If they find a lower price, they can switch companies in-house and that require little work on your part.

When searching for an agent, it’s a good idea to get several quotes from at a minimum one independent agency to get the most accurate price comparison.

The following is a list of independent insurance agencies in Milwaukee that may be able to provide free price quotes.

More Milwaukee agents

Exclusive Agencies

These agents normally can only provide a single company’s rates like AAA, State Farm, Farmers Insurance, and Allstate. Exclusive agents cannot provide rate quotes from other companies so they are skilled at selling on more than just price. Exclusive agents are usually quite knowledgeable on what they offer and that enables them to sell even at higher rates.

Listed below is a short list of exclusive insurance agencies in Milwaukee willing to provide price quote information.

More Milwaukee agents

Picking the best insurance agency needs to be determined by more than just a cheap price. Some important questions to ask are:

• Does the agent have a valid license to sell insurance in Wisconsin?
• Does the agency provide any after hours assistance?
• Is the agent CPCU or CIC certified?
• Will you be dealing directly with the agent or with a Custom Service Representative (CSR)?
• How long have they been in business?
• What discounts might you be missing?
• Do they specialize in personal lines auto insurance in Milwaukee?
• Do they have any clout with companies to ensure a fair claim settlement?

Quote often and quote early

When you buy Milwaukee auto insurance online, make sure you don’t reduce needed coverages to save money. There are a lot of situations where drivers have reduced liability limits or collision coverage only to regret at claim time that it was a big error on their part. The aim is to buy a smart amount of coverage at the best cost and still be able to protect your assets.

Cheaper GMC Sierra insurance in Milwaukee is available on the web as well as from insurance agents, so you should compare both so you have a total pricing picture. There are still a few companies who may not offer rates over the internet and most of the time these small insurance companies provide coverage only through local independent agents.

Even more information is located at these sites:

• Safe Vehicles for Teens (iihs.org)
• Who Has Affordable Milwaukee Auto Insurance for 4×4 Vehicles? (FAQ)
• Who Has Cheap Milwaukee Auto Insurance Rates for Veterans? (FAQ)
• Who Has Affordable Milwaukee Auto Insurance Rates for a Toyota RAV4? (FAQ)
• What Insurance is Cheapest for a Hyundai Elantra in Milwaukee? (FAQ)
• What is the Cheapest Car Insurance in Milwaukee, Wisconsin? (FAQ)
• Who Has the Cheapest Milwaukee Car Insurance Rates with Multiple Speeding Tickets? (FAQ)
• Auto Insurance Facts and Statistics (Insurance Information Institute)
• State Laws for Cellphones and Texting (iihs.org)
• Rollover Crash FAQ (iihs.org)
• Auto Insurance for Teen Drivers (Insurance Information Institute)