Who Has Cheap New Orleans Auto Insurance Rates for a GMC Sierra?

Finding affordable coverage for a GMC Sierra doesn’t take too much effort, but it depends on an enormous amount of rating factors such as the age of the Sierra, the condition of your credit, and blemishes on your driving record. Drivers in Louisiana pay around $1,815 per year for Sierra insurance, but that price is an estimation calculated based on a 50-year-old single female driver with full physical damage coverage and $100 deductibles.

There is a good probability you aren’t exactly 50 years old or even a female, married instead of single, or maybe you live in a different area as the quoted rates. Just a very minor change in rating criteria or coverage limits can result in a large change in policy price.

Everyone has unique insurance needs, and this illustrates why the only way to find the most affordable coverage for your GMC is to just take the time to compare rates yourself. Quotes are free and you will be able to compare rates from some of the best companies that insure GMC vehicles in Louisiana.

Compare GMC Sierra Insurance Rates

The trim level of your GMC will likely have an effect on price, so the price you will pay to insure a Sierra SLE Regular Cab 2WD trim level will be $340 cheaper than the cost to insure the higher-priced Sierra Denali Crew Cab 4WD version, as shown in the prices below.

GMC Sierra Insurance Rates in New Orleans, LA
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Sierra SLE Regular Cab 2WD $344 $708 $524 $32 $158 $1,766 $147
Sierra SL Extended Cab 2WD $344 $708 $524 $32 $158 $1,766 $147
Sierra SLE Crew Cab 2WD $344 $708 $524 $32 $158 $1,766 $147
Sierra SL Crew Cab 2WD $388 $834 $524 $32 $158 $1,936 $161
Sierra SLE Crew Cab 2WD $388 $834 $524 $32 $158 $1,936 $161
Sierra SLE Regular Cab 4WD $388 $834 $524 $32 $158 $1,936 $161
Sierra SLE Extended Cab 4WD $388 $834 $524 $32 $158 $1,936 $161
Sierra SLE Crew Cab 4WD $388 $834 $524 $32 $158 $1,936 $161
Sierra SLT Extended Cab 2WD $388 $834 $524 $32 $158 $1,936 $161
Sierra SL Crew Cab 4WD $388 $834 $524 $32 $158 $1,936 $161
Sierra SLT Extended Cab 4WD $388 $834 $524 $32 $158 $1,936 $161
Sierra SLT Crew Cab 2WD $388 $834 $524 $32 $158 $1,936 $161
Sierra SLT Crew Cab 4WD $432 $960 $524 $32 $158 $2,106 $176
Sierra Denali Crew Cab 2WD $432 $960 $524 $32 $158 $2,106 $176
Sierra Denali Crew Cab 4WD $432 $960 $524 $32 $158 $2,106 $176
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Prices based on single female driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Louisiana minimum liability limits. Discounts applied include safe-driver, multi-vehicle, homeowner, multi-policy, and claim-free. Prices do not factor in specific New Orleans garaging location which can revise premiums substantially.

Selecting the highest-rated insurance company can be difficult considering how many different companies there are to choose from in New Orleans. The information in the next section may help you pick which auto insurers to look at comparing price quotes from.

These ratings only include the companies with a significant amount of written premium nationwide, so smaller companies will not be included in the list. To check prices from many more Louisiana auto insurance companies, simply click here.

Top 10 Large Auto Insurance Providers Overall in New Orleans

  1. USAA
  2. AAA Insurance
  3. Allstate
  4. State Farm
  5. The Hartford
  6. Safeco Insurance
  7. Progressive
  8. American Family
  9. Esurance
  10. The General

Top 10 Large Auto Insurance Providers in New Orleans Ranked by Value

  1. American Family
  2. AAA Insurance
  3. Safeco Insurance
  4. The Hartford
  5. Progressive
  6. 21st Century
  7. The General
  8. Esurance
  9. USAA
  10. State Farm

How much more does full coverage cost?

Buying cheaper insurance is the goal of the majority of drivers, and one easy way to pay lower rates for insurance for a GMC Sierra is to not buy full coverage. The chart below visualizes the comparison of premium costs when comparing full coverage to liability only. The data assumes no claims or driving citations, $100 deductibles, single marital status, and no discounts are factored in.

If we average all the age groups together, physical damage coverage costs $3,452 per year over having just liability coverage. Many drivers may wonder if it’s worth it to buy full coverage. There is no exact formula of when to phase out comprehensive and collision coverage on your policy, but there is a general convention. If the annual cost of comprehensive and collision coverage is more than around 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 vehicle’s settlement value is $9,500 and you have $1,000 physical damage deductibles. If your vehicle is severely damaged, the most your company would pay you is $8,500 after paying your deductible. If you are paying over $850 a year for your policy with full coverage, then you might consider buying liability only.

There are some situations where only buying liability is not recommended. If you have an outstanding loan on your vehicle, you have to keep full coverage as part of the loan conditions. Also, if you cannot afford to purchase a different vehicle if your current one is totaled, you should not opt for liability only.

Low rates can quickly become overpriced

Louisiana insurance rates are influenced by many factors which can substantially decrease or increase the price you have to pay for coverage. Getting older, moving across town, or getting into an accident can cause premium changes resulting in some rates now being much cheaper than others.

Not only may things change on your end, but auto insurance companies modify pricing at least once a year in order to offset underwriting gains or losses. Heavier than normal losses can result in more expensive premiums, while profitable underwriting may result in lower-priced Sierra insurance rates.

For example, the bar chart below compares the cheapest car insurance in New Orleans, LA for a 45-year-old female driver with no prior accidents, a clean driving record, and a good credit history. If we look at prices based on her current situation, USAA may have the most affordable car insurance rates in New Orleans at $2,700 annually. This is $286 more than the average price paid by Louisiana drivers of $2,414. GEICO, MetLife, Progressive, and Safeway are also on the list of the top five cheapest New Orleans, LA auto insurance companies.

Now we will pretend the driver from above an accident surcharge, less-than-perfect credit, and an imperfect driving record. Since every car insurance company uses their own calculation for establishing rates, getting updated rate quotes may now show a slightly different list of cheap New Orleans auto insurance companies as shown below.

California Casualty now has the lowest car insurance rate in New Orleans, LA with State Farm, USAA, MetLife, and Safe Auto also being competitive. This illustrates why it is so important to compare as many rates as possible to get the cheapest auto insurance rates for a GMC Sierra. Car insurance prices are determined by many factors and change frequently, so the lowest-price company the last time you compared rates may now be one of the more expensive options.