Finding competitive car insurance for a GMC Sierra in Oregon hinges on a complicated rating formula that uses factors such as miles driven annually, your credit history, and driving violations and tickets. Drivers in Oregon pay on average $1,125 annually to insure their Sierra, but that amount is based upon a 40-year-old single male driver with full comprehensive and collision coverage and $500 deductibles.
It’s highly likely you are not 40 years old and maybe not even male, possibly married instead of single, or maybe you don’t qualify for the same discounts. Just a slight change in rating variables could end up in a significant change in the cost of insurance.
Auto insurance requires individual risk assessment, so the only real way to find affordable rates for your GMC is to do your own rate comparisons.
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The specific model of Sierra will likely have an effect on the insurance rate, so the price to insure a Sierra SLE Regular Cab 2WD model will be $190 lower than the insurance cost for the high end Sierra Denali Crew Cab 4WD version, as shown in the chart below.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Sierra SLE Regular Cab 2WD | $196 | $386 | $386 | $22 | $116 | $1,106 | $92 |
| Sierra SL Extended Cab 2WD | $196 | $386 | $386 | $22 | $116 | $1,106 | $92 |
| Sierra SLE Crew Cab 2WD | $196 | $386 | $386 | $22 | $116 | $1,106 | $92 |
| Sierra SL Crew Cab 2WD | $222 | $454 | $386 | $22 | $116 | $1,200 | $100 |
| Sierra SLE Crew Cab 2WD | $222 | $454 | $386 | $22 | $116 | $1,200 | $100 |
| Sierra SLE Regular Cab 4WD | $222 | $454 | $386 | $22 | $116 | $1,200 | $100 |
| Sierra SLE Extended Cab 4WD | $222 | $454 | $386 | $22 | $116 | $1,200 | $100 |
| Sierra SLE Crew Cab 4WD | $222 | $454 | $386 | $22 | $116 | $1,200 | $100 |
| Sierra SLT Extended Cab 2WD | $222 | $454 | $386 | $22 | $116 | $1,200 | $100 |
| Sierra SL Crew Cab 4WD | $222 | $454 | $386 | $22 | $116 | $1,200 | $100 |
| Sierra SLT Extended Cab 4WD | $222 | $454 | $386 | $22 | $116 | $1,200 | $100 |
| Sierra SLT Crew Cab 2WD | $222 | $454 | $386 | $22 | $116 | $1,200 | $100 |
| Sierra SLT Crew Cab 4WD | $248 | $524 | $386 | $22 | $116 | $1,296 | $108 |
| Sierra Denali Crew Cab 2WD | $248 | $524 | $386 | $22 | $116 | $1,296 | $108 |
| Sierra Denali Crew Cab 4WD | $248 | $524 | $386 | $22 | $116 | $1,296 | $108 |
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Data rating is based on single male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Oregon minimum liability limits. Discounts applied include multi-vehicle, claim-free, safe-driver, homeowner, and multi-policy. Information does not factor in specific garaging location which can alter auto insurance rates significantly.
Insuring your vehicle with the highest-rated insurer can be rather challenging considering how many different companies there are to choose from in Oregon. The company ratings displayed below could help you choose which coverage providers to look at when comparing insurance rates for a GMC Sierra.
These ratings include major nationwide insurance companies, so companies that have a smaller presence are not taken into consideration for these rankings. If you wish to compare prices from these and other companies in Oregon, just click here.
Top 10 Large Auto Insurance Providers in Portland Ranked by Customer Service
- GEICO
- State Farm
- The Hartford
- The General
- Progressive
- Allstate
- AAA Insurance
- American Family
- Nationwide
- Liberty Mutual
Top 10 Large Auto Insurance Providers Overall in Portland
- USAA
- American Family
- State Farm
- The Hartford
- AAA Insurance
- GEICO
- The General
- Progressive
- Allstate
- Nationwide
Impact of citations and accidents on Portland insurance rates
The obvious way to obtain low car insurance rates for a Sierra pickup is to pay attention while driving and not receive tickets or have accidents. The example below illustrates how speeding tickets and accident claims can drive up insurance costs for each age group. The information is based on a single male driver, comprehensive and collision coverage, $500 deductibles, and no discounts are applied.
In the example above, the average cost of auto insurance in Portland per year with no violations or accidents is $1,927. Get written up for two speeding tickets and the average cost jumps to $2,551, an increase of $624 each year. Now include one accident along with the two speeding tickets and the annual cost of car insurance for a GMC Sierra goes up to an average of $3,181. That’s an increase of $1,254, or $104 per month, just for being a less-than-perfect driver!
Why you should be shopping around
Portland car insurance rates are determined by lots of factors that will increase or decrease the cost of having a policy. Simply having a birthday, moving to a new city, or getting a few speeding tickets may cause policy rate changes resulting in some rates now being cheaper than others. Also, companies change rates as often as every quarter in order to offset underwriting gains or losses. Unexpectedly high claims can result in increased policy costs, while lower claim expenses can cause cheaper Sierra insurance rates.
To illustrate this point, the data below shows the companies that have the cheapest car insurance in Portland, OR for a 35-year-old female driver with no prior accidents, a clean driving record, and a decent credit rating. When quoting prices based on her current rating profile, Grange might offer the lowest car insurance rates in Portland at $925 annually. This is $553 less than the average price paid by Oregon drivers of $1,478. Country, Oregon Mutual, Travelers, and USAA are the remaining cheapest Portland, OR auto insurance companies.
In this next rate comparison, we will give the driver from the above example a chargeable accident, a lower credit rating, and a speeding ticket. Due to the fact that every insurance company has a different process to determine rates, comparing rates most likely will result in a new list of the cheapest companies as shown below.
Country now has the cheapest auto insurance in Portland, OR with Oregon Mutual, Amica, Mutual Enumclaw, and GEICO also having competitive pricing. This shows why Portland drivers need to compare lots of rates to find the cheapest car insurance rates for a GMC Sierra. Insurance rates are made up of many factors and change dramatically, so the lowest-price company when you last compared rates may now be costing you a lot of money.