Who Has Affordable Memphis Auto Insurance for a GMC Sierra?

Buying affordable coverage for a GMC Sierra in Tennessee relies on a lot of different factors such as annual vehicle mileage, your claims history, and driving violations. Tennessee drivers pay on average $910 a year for Sierra insurance, but that is an estimation based upon a 50-year-old single female driver with full physical damage coverage and $500 deductibles.

More likely than not, you’re not a 50-year-old female, married instead of single, or maybe you prefer to not insure for full coverage. Just a minor difference in policy rating criteria or coverages could end up in a significant change in policy price.

Having different needs demonstrates why the only real way to find cheap car insurance rates for your GMC is to do your own rate comparisons.

Find Cheaper GMC Sierra Insurance

The trim level of your vehicle tends to impact the insurance rate, so the price you will pay to insure a Sierra SLE Regular Cab 2WD trim level will cost $146 less than the cost to insure the higher-end Sierra Denali Crew Cab 4WD trim level, as shown in the table below.

GMC Sierra Insurance Rates in Memphis, TN
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Sierra SLE Regular Cab 2WD $156 $298 $326 $20 $98 $898 $75
Sierra SL Extended Cab 2WD $156 $298 $326 $20 $98 $898 $75
Sierra SLE Crew Cab 2WD $156 $298 $326 $20 $98 $898 $75
Sierra SL Crew Cab 2WD $176 $350 $326 $20 $98 $970 $81
Sierra SLE Crew Cab 2WD $176 $350 $326 $20 $98 $970 $81
Sierra SLE Regular Cab 4WD $176 $350 $326 $20 $98 $970 $81
Sierra SLE Extended Cab 4WD $176 $350 $326 $20 $98 $970 $81
Sierra SLE Crew Cab 4WD $176 $350 $326 $20 $98 $970 $81
Sierra SLT Extended Cab 2WD $176 $350 $326 $20 $98 $970 $81
Sierra SL Crew Cab 4WD $176 $350 $326 $20 $98 $970 $81
Sierra SLT Extended Cab 4WD $176 $350 $326 $20 $98 $970 $81
Sierra SLT Crew Cab 2WD $176 $350 $326 $20 $98 $970 $81
Sierra SLT Crew Cab 4WD $196 $404 $326 $20 $98 $1,044 $87
Sierra Denali Crew Cab 2WD $196 $404 $326 $20 $98 $1,044 $87
Sierra Denali Crew Cab 4WD $196 $404 $326 $20 $98 $1,044 $87
Get Your Own Custom Quote Go

Data based on single female driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Tennessee minimum liability limits. Discounts applied include safe-driver, claim-free, multi-vehicle, multi-policy, and homeowner. Premium amounts do not factor in zip code location which can raise or lower premium rates noticeably.

Choosing a highly-rated auto insurance provider can be challenging considering how many different companies sell coverage in Memphis. The rank data shown below can help you choose which insurers you want to consider when trying find the best insurance for a GMC Sierra. The rankings below only include the largest companies in the United States, so companies without a large exposure will not be included in these rankings.

Top 10 Major Auto Insurance Providers in Memphis Ranked by Customer Satisfaction

  1. USAA – 91%
  2. AAA Insurance – 90%
  3. Esurance – 90%
  4. Nationwide – 89%
  5. Travelers – 88%
  6. Progressive – 88%
  7. Safeco Insurance – 88%
  8. State Farm – 88%
  9. Allstate – 88%
  10. The Hartford – 87%

Top 10 Major Auto Insurance Providers in Memphis Ranked by Claims Service

  1. Travelers
  2. Nationwide
  3. Allstate
  4. State Farm
  5. Liberty Mutual
  6. GEICO
  7. American Family
  8. Esurance
  9. AAA Insurance
  10. Titan Insurance

Does it make sense to buy full coverage?

Paying a lower price for car insurance should be important to the majority of people, and one of the easiest ways to find cheaper insurance for a GMC Sierra is to only pay for liability coverage. The example below visualizes the comparison of premium costs with full coverage compared to only the Tennessee minimum liability coverage. The premium estimates are based on no violations or claims, $100 deductibles, drivers are single, and no discounts are taken into consideration.

Averaged for all age groups, physical damage coverage on your policy costs $2,155 per year over liability only. That may make you wonder if it’s worth it to buy full coverage. There is no definitive rule of when to stop paying for physical damage insurance, but there is a general guideline you can use. If the annual cost of coverage is more than 10% of any settlement you would receive from your insurance company, then it’s probably a good time to buy liability coverage only.

The chart below illustrates how your choice of deductibles can affect insurance prices when searching for cheap insurance for a GMC Sierra. The data is based on a single female driver, comp and collision included, and no other discounts are factored in.

A 50-year-old driver could pocket $320 a year by increasing from a $100 deductible up to a $500 deductible, or save $482 by using a $1,000 deductible. Even younger drivers, like the Age 20 chart data, could roll back prices as much as $814 or more by using higher deductibles when buying full coverage.

If you do decide to increase your deductibles, it will be required to have plenty of money set aside to pay the extra out-of-pocket expense associated with higher deductibles.

How to find more affordable auto insurance for a GMC Sierra

The list below details some of the recommended penny-pinching suggestions that can help you buy more affordable coverage.

That last piece of advice is extremely important, as we pointed out in the prior information. Coverage prices in Memphis can be changed at any time, so don’t be hesitant to change insurance companies if you find a better deal.

Having a favorite company is great, but it’s not a good idea if that inflexibility results in costing you thousands of dollars over several years. Now is a great time to shop around and find cheaper auto insurance for a GMC Sierra.

The agents listed below are willing to help you make a decision which car insurance policy is best, as many people would rather get help from a professional when shopping for the best coverage for a GMC Sierra. It can be difficult to find the best policy on your own, so a licensed agent can give peace of mind knowing your coverage gives you enough protection. To find an agent near you, click the button below the list.

Boyle Insurance Agency, Inc.
5900 Poplar AveMemphis, TN 38119(901) 766-0200

Oseman Insurance Agency
6750 Poplar Ave #410Memphis, TN 38138(901) 562-0151

Zach Jaworski – State Farm Insurance Agent
6060 Primacy Pkwy #221Memphis, TN 38119(901) 794-3691

Arther Wells – State Farm Insurance Agent
4205 Hacks Cross Rd #116Memphis, TN 38125(901) 363-9217

Find a Memphis, TN insurance agent near you