It’s well known that auto insurance companies want to keep you from shopping around. Drivers who get comparison quotes once a year will presumably switch to a new company because there is a great chance of finding a lower-priced policy. A survey found that people who routinely shopped around saved as much as $865 annually compared to policyholders who don’t regularly compare prices.
If finding the best rates on GMC Sierra insurance in Louisville is your target objective, then understanding the best way to compare insurance rates can make the process less intimidating.
It takes a few minutes, but the best way to get low-cost GMC Sierra insurance is to compare prices regularly from different companies in Louisville. Drivers can shop around by completing these steps.
- Step 1: Try to understand how car insurance works and the measures you can control to keep rates down. Many risk factors that result in higher prices such as accidents, traffic tickets, and a low credit rating can be amended by improving your driving habits or financial responsibility.
- Step 2: Quote rates from independent agents, exclusive agents, and direct companies. Direct and exclusive agents can only give prices from one company like Progressive or Allstate, while agents who are independent can quote rates for a wide range of companies.
- Step 3: Compare the quotes to the premium of your current policy to see if you can save by switching companies. If you find a lower rate quote, verify that coverage does not lapse between policies.
The key aspect of shopping around is to try to compare identical deductibles and limits on every quote and and to get prices from as many auto insurance providers as possible. This provides an apples-to-apples comparison and maximum price selection.
When comparison shopping, there are several ways to compare rate quotes from different Louisville insurance companies. The easiest way to find cheaper rates is to perform an online rate comparison.
Getting rate quotes online is very simple and it takes the place of having to physically go to insurance agents’ offices. The ability to get quotes online can eliminate the need for a local agent unless you require the trained advice that can only be provided by a licensed insurance agent. It is possible to get prices online but purchase the actual policy in an agency.
When quoting car insurance, remember that comparing more prices helps locate a lower rate.
The companies in the list below are ready to provide quotes in Kentucky. To get the best cheap car insurance in KY, we recommend you visit several of them in order to get a fair rate comparison.
GMC Sierra coverage analysis
The coverage information displayed below outlines different coverage prices for GMC Sierra models. Understanding how insurance premiums are figured can aid in making smart choices when purchasing an insurance policy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Sierra SLE Regular Cab 2WD | $242 | $498 | $368 | $22 | $110 | $1,240 | $103 |
| Sierra SL Extended Cab 2WD | $242 | $498 | $368 | $22 | $110 | $1,240 | $103 |
| Sierra SLE Crew Cab 2WD | $242 | $498 | $368 | $22 | $110 | $1,240 | $103 |
| Sierra SL Crew Cab 2WD | $272 | $586 | $368 | $22 | $110 | $1,358 | $113 |
| Sierra SLE Crew Cab 2WD | $272 | $586 | $368 | $22 | $110 | $1,358 | $113 |
| Sierra SLE Regular Cab 4WD | $272 | $586 | $368 | $22 | $110 | $1,358 | $113 |
| Sierra SLE Extended Cab 4WD | $272 | $586 | $368 | $22 | $110 | $1,358 | $113 |
| Sierra SLE Crew Cab 4WD | $272 | $586 | $368 | $22 | $110 | $1,358 | $113 |
| Sierra SLT Extended Cab 2WD | $272 | $586 | $368 | $22 | $110 | $1,358 | $113 |
| Sierra SL Crew Cab 4WD | $272 | $586 | $368 | $22 | $110 | $1,358 | $113 |
| Sierra SLT Extended Cab 4WD | $272 | $586 | $368 | $22 | $110 | $1,358 | $113 |
| Sierra SLT Crew Cab 2WD | $272 | $586 | $368 | $22 | $110 | $1,358 | $113 |
| Sierra SLT Crew Cab 4WD | $304 | $674 | $368 | $22 | $110 | $1,478 | $123 |
| Sierra Denali Crew Cab 2WD | $304 | $674 | $368 | $22 | $110 | $1,478 | $123 |
| Sierra Denali Crew Cab 4WD | $304 | $674 | $368 | $22 | $110 | $1,478 | $123 |
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Prices based on single female driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Kentucky minimum liability limits. Discounts applied include homeowner, safe-driver, multi-policy, claim-free, and multi-vehicle. Price estimates do not factor in specific location which can raise or lower price quotes greatly.
Can higher deductibles save money?
One of the hardest decisions when shopping for auto insurance is where should you set your physical damage deductibles. The comparisons below can help show the differences in premium rates when you choose different deductibles. The first table uses a $100 physical damage coverage deductible and the second rate chart uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Sierra SLE Regular Cab 2WD | $280 | $508 | $326 | $20 | $98 | $1,257 | $105 |
| Sierra SL Extended Cab 2WD | $280 | $508 | $326 | $20 | $98 | $1,257 | $105 |
| Sierra SLE Crew Cab 2WD | $280 | $508 | $326 | $20 | $98 | $1,257 | $105 |
| Sierra SL Crew Cab 2WD | $318 | $598 | $326 | $20 | $98 | $1,385 | $115 |
| Sierra SLE Crew Cab 2WD | $318 | $598 | $326 | $20 | $98 | $1,385 | $115 |
| Sierra SLE Regular Cab 4WD | $318 | $598 | $326 | $20 | $98 | $1,385 | $115 |
| Sierra SLE Extended Cab 4WD | $318 | $598 | $326 | $20 | $98 | $1,385 | $115 |
| Sierra SLE Crew Cab 4WD | $318 | $598 | $326 | $20 | $98 | $1,385 | $115 |
| Sierra SLT Extended Cab 2WD | $318 | $598 | $326 | $20 | $98 | $1,385 | $115 |
| Sierra SL Crew Cab 4WD | $318 | $598 | $326 | $20 | $98 | $1,385 | $115 |
| Sierra SLT Extended Cab 4WD | $318 | $598 | $326 | $20 | $98 | $1,385 | $115 |
| Sierra SLT Crew Cab 2WD | $318 | $598 | $326 | $20 | $98 | $1,385 | $115 |
| Sierra SLT Crew Cab 4WD | $354 | $688 | $326 | $20 | $98 | $1,511 | $126 |
| Sierra Denali Crew Cab 2WD | $354 | $688 | $326 | $20 | $98 | $1,511 | $126 |
| Sierra Denali Crew Cab 4WD | $354 | $688 | $326 | $20 | $98 | $1,511 | $126 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Sierra SLE Regular Cab 2WD | $156 | $268 | $326 | $20 | $98 | $868 | $72 |
| Sierra SL Extended Cab 2WD | $156 | $268 | $326 | $20 | $98 | $868 | $72 |
| Sierra SLE Crew Cab 2WD | $156 | $268 | $326 | $20 | $98 | $868 | $72 |
| Sierra SL Crew Cab 2WD | $176 | $316 | $326 | $20 | $98 | $936 | $78 |
| Sierra SLE Crew Cab 2WD | $176 | $316 | $326 | $20 | $98 | $936 | $78 |
| Sierra SLE Regular Cab 4WD | $176 | $316 | $326 | $20 | $98 | $936 | $78 |
| Sierra SLE Extended Cab 4WD | $176 | $316 | $326 | $20 | $98 | $936 | $78 |
| Sierra SLE Crew Cab 4WD | $176 | $316 | $326 | $20 | $98 | $936 | $78 |
| Sierra SLT Extended Cab 2WD | $176 | $316 | $326 | $20 | $98 | $936 | $78 |
| Sierra SL Crew Cab 4WD | $176 | $316 | $326 | $20 | $98 | $936 | $78 |
| Sierra SLT Extended Cab 4WD | $176 | $316 | $326 | $20 | $98 | $936 | $78 |
| Sierra SLT Crew Cab 2WD | $176 | $316 | $326 | $20 | $98 | $936 | $78 |
| Sierra SLT Crew Cab 4WD | $196 | $362 | $326 | $20 | $98 | $1,002 | $84 |
| Sierra Denali Crew Cab 2WD | $196 | $362 | $326 | $20 | $98 | $1,002 | $84 |
| Sierra Denali Crew Cab 4WD | $196 | $362 | $326 | $20 | $98 | $1,002 | $84 |
| Get Your Own Custom Quote Go | |||||||
Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, and Kentucky minimum liability limits. Discounts applied include homeowner, claim-free, multi-policy, multi-vehicle, and safe-driver. Rates do not factor in specific location information which can increase or decrease coverage rates significantly.
Based on this data, we can arrive at the conclusion that using a $100 deductible will cost in the ballpark of $37 more each month or $444 a year than opting for the higher $1,000 deductible. Since you would pay $900 more if you turn in a claim with a $1,000 deductible as compared to a $100 deductible, if you go at a minimum 24 months between claim filings, you would probably save some money by selecting a higher deductible.
Full coverage rates compared to liability-only
The information below compares GMC Sierra auto insurance rates with full physical damage coverage compared to only buying liability only. The data is based on no violations or accidents, $500 deductibles, marital status is single, and no additional discounts are factored in.
Guidelines for dropping full coverage
There is no definitive rule of when to eliminate full coverage, but there is a general school of thought. If the yearly cost for physical damage coverage is more than about 10% of the replacement cost of your vehicle minus the policy deductible, then it’s probably a good time to buy liability coverage only.
For example, let’s pretend your GMC Sierra claim settlement value is $5,000 and you have $1,000 policy deductibles. If your vehicle is totaled in an accident, the most your company would pay you is $4,000 after paying your deductible. If you are paying in excess of $400 annually for comprehensive and collision coverage, then you might want to think about dropping full coverage.
There are some circumstances where dropping physical damage coverage is not a good idea. If you haven’t satisfied your loan, you have to maintain full coverage as part of the loan conditions. Also, if your finances do not allow you to purchase a different vehicle in the event your current vehicle is totaled, you should not drop full coverage.
Buying from insurance agencies
Many people still prefer to talk to a local agent and that can be a smart move An additional benefit of comparing car insurance online is you may find the lowest rates and still have an agent to talk to. Buying from and supporting neighborhood insurance agencies is especially important in Louisville.
After completing this short form, the quote information is transmitted to agents in your area that can provide free Louisville car insurance quotes for your coverage. It simplifies rate comparisons since you won’t have to search for any insurance agencies due to the fact that quote results will go directly to your email. You can find lower rates without requiring a lot of work. If you have a need to compare rates from a specific insurance company, you would need to go to their quote page and submit a quote form there.
Different types of car insurance agents in Louisville
If you’re trying to find a local Louisville insurance agency, it can be helpful to understand the different types of agents that you can select. Car insurance agencies are categorized either exclusive agents or independent agents.
Independent Insurance Agents
Independent insurance agents are not employed by one company so as a result can place your coverage with many different companies and find the cheapest car insurance rates. To move your coverage to a new company, they simply switch companies in-house and you stay with the same agent. When comparison shopping, we highly recommend that you include price quotes from a couple of independent agencies to ensure the widest selection of prices.
Listed below are Louisville independent insurance agencies who may provide price quote information.
Linda B Morton Insurance Agency
4600 Outer Loop – Louisville, KY 40219 – (502) 966-5637 – View Map
Nationwide Insurance: Lisa Spalding Sherman Insurance Agency Inc
10339 Linn Station Rd – Louisville, KY 40223 – (502) 423-1611 – View Map
A Central Insurance Agency
6708 Shepherdsville Rd – Louisville, KY 40228 – (502) 968-1112 – View Map
Exclusive Insurance Agents
These agents can only provide one company’s prices and some examples include AAA, Allstate, and State Farm. These agents are unable to provide other company’s prices so they have to upsell other benefits. These agents are highly trained on the products they sell which helps overcome the inability to quote other rates.
The following are exclusive insurance agencies in Louisville who can help you get price quotes.
Rudy Scheynost – State Farm Insurance Agent
7619 Dixie Hwy – Louisville, KY 40258 – (502) 937-5256 – View Map
Thomas Baker – State Farm Insurance Agent
709 S 4th St – Louisville, KY 40202 – (502) 584-6358 – View Map
Carmel Stauffer – State Farm Insurance Agent
3805 Poplar Level Rd – Louisville, KY 40213 – (502) 375-1744 – View Map
Finding the right auto insurance agent requires more thought than just a cheap price quote. Any agent in Louisville should be willing to answer these questions.
- How many years have they been established?
- Do they have 24-hour customer assistance?
- Is there a local claims center in Louisville?
- How much can you save by raising your physical damage deductibles?
- Where would your vehicle be repaired?
- Which companies do they recommend if they are an independent agency?
- What companies can they write with?
- Do they offer rental car reimbursement?
Louisville auto insurance companies ranked
Insuring your vehicle with the highest-rated auto insurance company can be rather challenging considering how many companies there are in Kentucky. The information below can help you analyze which companies to look at when looking for cheaper rates.
Top 10 Louisville Car Insurance Companies Ranked by Value
- Mercury Insurance
- Travelers
- American Family
- AAA Insurance
- Safeco Insurance
- Progressive
- The Hartford
- Erie Insurance
- Esurance
- The General