Affordable Rates for GMC Sierra 2500HD Insurance in Colorado Springs

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Insurance quote for GMC Sierra 2500HD in Colorado SpringsIt takes a little time, but the best way to get more affordable GMC Sierra 2500HD insurance in Colorado Springs is to compare prices regularly from providers in Colorado.

  1. Take a few minutes and learn about how your policy works and the factors you can control to keep rates in check. Many factors that are responsible for high rates such as traffic violations and a low credit score can be rectified by making minor driving habit or lifestyle changes. Keep reading for the details to get cheaper rates and get discounts that may be available to you.
  2. Compare rates from exclusive agents, independent agents, and direct providers. Exclusive and direct companies can only quote rates from a single company like GEICO or State Farm, while independent agencies can provide prices for many different companies.
  3. Compare the new quotes to your current policy to see if switching to a new carrier will save money. If you find a better price, make sure the effective date of the new policy is the same as the expiration date of the old one.

An essential thing to point out is to try to use the same liability limits and deductibles on each quote request and and to compare as many companies as you can. This enables an apples-to-apples comparison and the most accurate and complete price analysis.

It's a fact that auto insurance companies don't want you to look for a cheaper policy. Consumers who shop around annually are likely to switch to a new company because they have a good chance of finding a lower-cost company. Remarkably, a study showed that drivers who compared rate quotes regularly saved about $72 a month compared to drivers who didn't regularly shop around.

If finding the cheapest rates on GMC Sierra 2500HD insurance is your objective, then knowing the best way to quote and compare insurance rates can make the process less intimidating.

If you currently have a car insurance policy, you stand a good chance to be able to find better prices using the ideas covered in this article. Buying the cheapest insurance in Colorado Springs is really quite easy. Nevertheless, Colorado consumers can benefit by having an understanding of how insurance companies market insurance on the web and use it to find better rates.

When price shopping your coverage, comparing more prices will enable you to find a lower rate.

The following companies are our best choices to provide free quotes in Colorado. To get cheap auto insurance in Colorado, we recommend you visit several of them to get a more complete price comparison.

It may be expensive, but it's not optional

Even though it's not necessarily cheap to insure a GMC in Colorado Springs, maintaining insurance may not be optional for several reasons.

  • Most states have mandatory insurance requirements which means you are required to buy a minimum amount of liability coverage in order to be legal. In Colorado these limits are 25/50/15 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $15,000 of property damage coverage.
  • If you have a loan on your vehicle, most lenders will have a requirement that you buy insurance to guarantee loan repayment. If coverage lapses or is canceled, the bank or lender will purchase a policy for your GMC at a more expensive rate and force you to reimburse them for the expensive policy.
  • Insurance safeguards your GMC and your assets. Insurance will pay for medical bills incurred in an accident. Liability coverage, the one required by state law, will also pay to defend you in the event you are sued. If you have damage to your GMC as the result of the weather or an accident, collision and comprehensive coverages will cover the damage repairs after a deductible is paid.

The benefits of insuring your Sierra 2500HD outweigh the cost, especially with large liability claims. The average driver in America is wasting up to $750 every year so you should quote rates every year to help ensure money is not being wasted.

Rates and other information

The information displayed next showcases detailed analysis of insurance policy prices for GMC Sierra 2500HD models. Having a better idea how car insurance premiums are formulated is important for making smart choices when choosing a car insurance company.

GMC Sierra 2500HD Insurance Rates in Colorado Springs, CO
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Sierra 2500HD SLE Regular Cab 4WD $264 $528 $396 $24 $118 $1,330 $111
Sierra 2500HD SLE Regular Cab 2WD $264 $528 $448 $26 $134 $1,400 $117
Sierra 2500HD SLE Crew Cab 4WD $264 $528 $396 $24 $118 $1,330 $111
Sierra 2500HD SLE Extended Cab 4WD $264 $528 $396 $24 $118 $1,330 $111
Sierra 2500HD SLE Crew Cab 2WD $264 $608 $448 $26 $134 $1,480 $123
Sierra 2500HD SLE Extended Cab 2WD $264 $608 $448 $26 $134 $1,480 $123
Sierra 2500HD SLT Crew Cab 4WD $264 $608 $396 $24 $118 $1,410 $118
Sierra 2500HD SLT Extended Cab 4WD $264 $608 $396 $24 $118 $1,410 $118
Sierra 2500HD SLT Extended Cab 2WD $264 $608 $448 $26 $134 $1,480 $123
Sierra 2500HD SLT Crew Cab 2WD $294 $608 $448 $26 $134 $1,510 $126
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Table data assumes single female driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Colorado minimum liability limits. Discounts applied include multi-vehicle, multi-policy, safe-driver, claim-free, and homeowner. Table data does not factor in specific location information which can alter rates considerably.

Should you raise deductibles?

The hardest decision when buying coverage is how high or low should comp and collision deductibles be. The premium rates below help summarize how much more rates are when you buy lower versus higher comp and collision deductibles. The first data table uses a $250 deductible for physical damage and the second rate chart uses a $500 deductible.

GMC Sierra 2500HD insurance premium estimates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Sierra 2500HD SLE Regular Cab 4WD $306 $538 $352 $20 $106 $1,347 $112
Sierra 2500HD SLE Regular Cab 2WD $306 $538 $396 $24 $118 $1,407 $117
Sierra 2500HD SLE Crew Cab 4WD $306 $538 $352 $20 $106 $1,347 $112
Sierra 2500HD SLE Extended Cab 4WD $306 $538 $352 $20 $106 $1,347 $112
Sierra 2500HD SLE Crew Cab 2WD $306 $620 $396 $24 $118 $1,489 $124
Sierra 2500HD SLE Extended Cab 2WD $306 $620 $396 $24 $118 $1,489 $124
Sierra 2500HD SLT Crew Cab 4WD $306 $620 $352 $20 $106 $1,429 $119
Sierra 2500HD SLT Extended Cab 4WD $306 $620 $352 $20 $106 $1,429 $119
Sierra 2500HD SLT Extended Cab 2WD $306 $620 $396 $24 $118 $1,489 $124
Sierra 2500HD SLT Crew Cab 2WD $342 $620 $396 $24 $118 $1,525 $127
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GMC Sierra 2500HD insurance premium estimates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Sierra 2500HD SLE Regular Cab 4WD $250 $434 $352 $20 $106 $1,162 $97
Sierra 2500HD SLE Regular Cab 2WD $250 $434 $396 $24 $118 $1,222 $102
Sierra 2500HD SLE Crew Cab 4WD $250 $434 $352 $20 $106 $1,162 $97
Sierra 2500HD SLE Extended Cab 4WD $250 $434 $352 $20 $106 $1,162 $97
Sierra 2500HD SLE Crew Cab 2WD $250 $500 $396 $24 $118 $1,288 $107
Sierra 2500HD SLE Extended Cab 2WD $250 $500 $396 $24 $118 $1,288 $107
Sierra 2500HD SLT Crew Cab 4WD $250 $500 $352 $20 $106 $1,228 $102
Sierra 2500HD SLT Extended Cab 4WD $250 $500 $352 $20 $106 $1,228 $102
Sierra 2500HD SLT Extended Cab 2WD $250 $500 $396 $24 $118 $1,288 $107
Sierra 2500HD SLT Crew Cab 2WD $278 $500 $396 $24 $118 $1,316 $110
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Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, and Colorado minimum liability limits. Discounts applied include safe-driver, homeowner, multi-policy, claim-free, and multi-vehicle. Estimates do not factor in your specific Colorado Springs location which can influence premiums considerably.

Using the data above, we can ascertain that using a $250 deductible costs roughly $16 more each month or $192 annually averaged for all Sierra 2500HD models than opting for the higher $500 deductible. Because you would pay $250 more to settle a claim with a $500 deductible as compared to a $250 deductible, if you tend to go more than 16 months between claim filings, you would probably come out ahead by selecting a higher deductible.

How to determine if raising deductibles makes sense

Average monthly premium for $250 deductibles: $119
Average monthly premium for $500 deductibles (subtract): - $103
Monthly savings from raising deductible: $16
Difference between deductibles ($500 - $250): $250
Divide difference by monthly savings: $250 / $16
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 16 months

One big caveat is that higher deductibles results in a higher out-of-pocket expense when you do file a claim. That will necessitate enough savings in the event you have to pay the higher deductible in order to repair your vehicle.

The diagram below illustrates how your choice of deductibles and can affect GMC Sierra 2500HD insurance costs for different insured age categories. The price estimates are based on a married male driver, comp and collision included, and no discounts are applied to the premium.

Impact of citations and accidents on Colorado Springs insurance rates

The diagram below demonstrates how speeding tickets and accidents can impact GMC Sierra 2500HD insurance premiums for different age categories. The premiums assume a married male driver, full physical damage coverage, $500 deductibles, and no additional discounts are factored in.

Cheaper rates with these price cutting discounts

The cost of insuring your cars can be expensive, but you can get discounts that can dramatically reduce your bill. Some trigger automatically at the time you complete a quote, but less common discounts must be specifically requested prior to getting the savings.Car insurance discounts

  • Life Insurance Discount - Not all insurance companies offer life insurance, but some may give you a discounted premium rate on car insurance if you buy life insurance from them.
  • Discounts for Government Workers - Active or former government employment may reduce rates when you quote Colorado Springs car insurance but check with your company.
  • Multi-Vehicle Discounts - Purchasing coverage when you have all your vehicles with the same company may reduce the rate for each vehicle.
  • Drive Less and Save - Keeping the miles down on your GMC could qualify for cheaper premium rates.
  • Seat Belts Save more than Lives - Buckling up and requiring all passengers to use their safety belts could save 15% on the premium charged for medical payments and/or PIP.
  • Data Collection Discounts - Insureds who allow driving data collection to look at where and when they drive by using a small device installed in their vehicle such as Progressive's Snapshot may get a rate reduction if they exhibit good driving behavior.
  • Defensive Driver Discount - Completing a class that teaches defensive driving techniques may get you a small discount if your company offers it.

As a disclaimer on discounts, some credits don't apply to the whole policy. A few only apply to individual premiums such as comprehensive or collision. So even though it sounds like you could get a free car insurance policy, companies wouldn't make money that way. But all discounts will help lower your policy cost.

The illustration below shows the comparison of GMC Sierra 2500HD auto insurance costs with and without discounts being applied to the rates. The rate quotes are based on a female driver, no accidents or driving violations, Colorado state minimum liability limits, full 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, multi-car, claim-free, and homeowner discounts applied.

A few of the larger companies and their offered discounts are outlined below.

  • Mercury Insurance includes discounts for multi-policy, professional/association, location of vehicle, anti-theft, type of vehicle, and multi-car.
  • Farmers Insurance discounts include alternative fuel, mature driver, youthful driver, teen driver, business and professional, bundle discounts, and homeowner.
  • Farm Bureau policyholders can earn discounts including renewal discount, multi-policy, safe driver, multi-vehicle, youthful driver, driver training, and 55 and retired.
  • State Farm may include discounts for accident-free, anti-theft, safe vehicle, passive restraint, and multiple policy.
  • Allstate may have discounts that include premier discount, anti-lock brakes, utility vehicle, safe driver, and 55 and retired.
  • GEICO offers premium reductions for federal employee, membership and employees, multi-policy, good student, military active duty, air bags, and multi-vehicle.

If you need lower rates, check with each company which discounts you may be entitled to. Depending on the company, some discounts may not be available everywhere. To see car insurance companies that offer some of these discounts in Colorado, follow this link.

When to get professional advice

When buying a policy, there is no "perfect" insurance plan. Coverage needs to be tailored to your specific needs.Drive safe and save

Here are some questions about coverages that might point out whether you might need professional guidance.

  • Are rock-chip repairs free?
  • Do I need added coverage for expensive stereo equipment?
  • Do I need medical payments coverage since I have good health insurance?
  • Do I need replacement cost coverage?
  • Do I have newly-acquired coverage?
  • When should I remove my kid from my policy?
  • Are my company tools covered if they get stolen?
  • Is pet coverage available?

If you're not sure about those questions but you know they apply to you, you may need to chat with an agent. To find an agent in your area, take a second and complete this form.

Colorado car insurance companies ranked

Selecting a high-quality auto insurance company can be a challenge considering how many companies there are in Colorado. The ranking information listed below can help you choose which auto insurance companies you want to consider comparing rate quotes with.

Top 10 Colorado Springs Car Insurance Companies Overall

  1. USAA
  2. American Family
  3. State Farm
  4. The Hartford
  5. AAA Insurance
  6. GEICO
  7. The General
  8. Titan Insurance
  9. Progressive
  10. Mercury Insurance