Pricey GMC Sierra insurance in Newark can drain your savings and maybe even restrict other spending. Doing a price comparison can help to make sure you’re not throwing money away.
Astonishing but true according to a recent study, over 70% of drivers kept buying from the same company for a minimum of four years, and approximately 40% of consumers have never quoted car insurance rates at all. Most drivers in Newark could save themselves up to 40% a year just by comparing rates, but they don’t understand how simple it is to compare rate quotes. Insurance companies such as Allstate, Liberty Mutual and State Farm all claim big savings, bombarding you with ad campaigns and it is difficult to ignore the promise of big savings and find the best price available.
It’s a good idea to quote other rates as often as possible since prices trend upward over time. Just because you found the best rates on GMC Sierra insurance in Newark a year ago there may be better deals available now. There is too much inaccurate information about Sierra insurance on the internet, but in a few minutes you can learn the best ways to save money.
Finding a better price on car insurance is an easy way to save money. You just have to take a few minutes comparing price quotes to find the company with low cost Newark car insurance quotes.
Online shopping is fast and free, and it takes the place of having to physically go to insurance agencies in your area. The ability to buy insurance online has reduced the need for local agents unless your situation requires the peace of mind of an agent trained in personal lines coverage. Although, it is possible comparison shop online but buy the policy through an agent.
The car insurance companies shown below can provide price quotes in Newark, NJ. If you want cheap car insurance in New Jersey, we recommend you visit several of them to find the most competitive car insurance rates.
GMC Sierra insurance coverage information
The data table shown next highlights detailed analysis of insurance prices for GMC Sierra models. Being able to understand how insurance policy premiums are established can benefit drivers when making informed decisions when shopping around for a new policy.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Sierra SLE Regular Cab 2WD||$356||$732||$504||$30||$152||$1,774||$148|
|Sierra SL Extended Cab 2WD||$356||$732||$504||$30||$152||$1,774||$148|
|Sierra SLE Crew Cab 2WD||$356||$732||$504||$30||$152||$1,774||$148|
|Sierra SL Crew Cab 2WD||$402||$862||$504||$30||$152||$1,950||$163|
|Sierra SLE Crew Cab 2WD||$402||$862||$504||$30||$152||$1,950||$163|
|Sierra SLE Regular Cab 4WD||$402||$862||$504||$30||$152||$1,950||$163|
|Sierra SLE Extended Cab 4WD||$402||$862||$504||$30||$152||$1,950||$163|
|Sierra SLE Crew Cab 4WD||$402||$862||$504||$30||$152||$1,950||$163|
|Sierra SLT Extended Cab 2WD||$402||$862||$504||$30||$152||$1,950||$163|
|Sierra SL Crew Cab 4WD||$402||$862||$504||$30||$152||$1,950||$163|
|Sierra SLT Extended Cab 4WD||$402||$862||$504||$30||$152||$1,950||$163|
|Sierra SLT Crew Cab 2WD||$402||$862||$504||$30||$152||$1,950||$163|
|Sierra SLT Crew Cab 4WD||$448||$992||$504||$30||$152||$2,126||$177|
|Sierra Denali Crew Cab 2WD||$448||$992||$504||$30||$152||$2,126||$177|
|Sierra Denali Crew Cab 4WD||$448||$992||$504||$30||$152||$2,126||$177|
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Table data represents married female driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and New Jersey minimum liability limits. Discounts applied include safe-driver, multi-policy, multi-vehicle, homeowner, and claim-free. Information does not factor in specific zip code location which can increase or decrease prices greatly.
The example below illustrates how your choice of deductibles and can impact GMC Sierra insurance premiums for different age groups of insureds. The premium estimates are based on a married male driver, full physical damage coverage, and no other discounts are factored in.
GMC Sierra insurance rates by gender in Newark
The chart below visualizes the comparison of GMC Sierra insurance costs for male and female drivers. The information is based on a clean driving record, no at-fault accidents, comprehensive and collision coverage, $100 deductibles, single marital status, and no discounts are applied.
Full coverage versus liability-only in Newark
The diagram below illustrates the comparison of GMC Sierra yearly insurance costs with and without physical damage coverage. The price estimates are based on no accidents or driving violations, $100 deductibles, drivers are single, and no policy discounts are applied.
When to buy liability coverage only
There is no clear-cut formula of when to eliminate physical damage coverage, but there is a general guideline you can use. If the annual cost of having full coverage is about 10% or more of replacement cost minus your deductible, then you might want to consider buying only 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 totaled in an accident, the most you would receive is $7,000 after the policy deductible has been paid. If it’s costing you more than $700 a year for your policy with full coverage, then you may need to consider dropping full coverage.
There are some circumstances where eliminating full coverage is not in your best interest. If you haven’t paid off your loan, you must maintain physical damage coverage in order to satisfy the requirements of the loan. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is in an accident, you should not opt for liability only.
When to talk to an agent
A lot of people prefer to go talk to an agent and doing that can be a smart decision Good agents can point out coverage gaps and help submit paperwork. A nice benefit of comparing rate quotes online is that you can find the best rates and also buy local. Supporting small agencies is still important in Newark.
For easy comparison, once you complete this form (opens in new window), your insurance data is transmitted to agents in your area who will gladly provide quotes for your business. There is no reason to search for any insurance agencies as quotes are delivered to you instantly. In the event you want to get a rate quote from a particular provider, feel free to search and find their rate quote page and complete a quote there.
If you need to find a reliable agent, you should know the different types of agencies and how they work. Agencies in Newark can be classified as either exclusive or independent agents depending on their company appointments. Both can handle car insurance, but it is important to understand why they differ since it could factor into the selection process.
Independent Car Insurance Agencies
Agents in the independent channel do not write with just one company and that is an advantage because they can write policies with an assortment of companies and get you the best rates possible. If you are not satisfied with one company, the business is moved internally and you don’t have to find a new agent.
When comparing rate quotes, you absolutely need to get some free quotes from several independent insurance agents in order to compare the most rates.
Below is a partial list of independent agencies in Newark who can help you get free rate quotes.
AMC Insurance Inc
Newark, NJ 07106 – Newark, NJ 07106 – (973) 373-3300 – View Map
Halsey Street Agency Inc
199 Halsey St – Newark, NJ 07102 – (973) 621-0955 – View Map
Exclusive insurance agents can only provide pricing for a single company like Allstate, State Farm and Farmers Insurance. They are unable to provide prices from multiple companies so you need to shop around if the rates are high. They are highly trained on sales techniques which aids in selling service over price.
Below is a short list of exclusive insurance agencies in Newark willing to provide comparison quotes.
Picking an insurance agency should include more criteria than just the price. Get answers to these questions too.
- Can glass repairs be made at your home?
- How are claims handled?
- Is insurance their full-time profession?
- If you have an accident, are you able to get your vehicle repaired at the shop of your choice?
- Do they get extra compensation for selling add-on coverages?
- Is the agent properly licensed in New Jersey?