GMC Sierra Insurance Cost for 2023

• GMC Sierra insurance costs an average of $1,978 per year, or around $165 per month for full coverage.
• Out of seven vehicles in the 2023 full-size pickup truck segment, the Sierra ranks fourth for insurance affordability.
• The Sierra Pro Regular Cab 2WD trim level is the cheapest to insure at around $1,736 per year, or around $145 per month, while the most expensive model to insure is the Denali Ultimate Crew Cab 4WD at $2,196 per year, or around $165 per month.
• Dropping full coverage on an older model Sierra could save $650 or more each year.

How much does GMC Sierra insurance cost?

GMC Sierra insurance costs an average of $1,978 a year. Depending on your truck’s trim level, monthly car insurance cost for a 2023 GMC Sierra ranges from $145 to $183 and averages $165 a month.

On average, expect to pay about $11 more annually for GMC Sierra insurance compared to the average rate for all full-size half-ton pickups, and $250 more per year than the all-vehicle national average of $1,728.

The chart below details how average insurance rates on a 2023 GMC Sierra change based on driver age and comprehensive and collision deductibles. The cost estimates range from a low of $1,490 per year for a 60-year-old driver with high policy deductibles to the most expensive rate of $4,614 annually for a driver age 20 with a $250 policy deductible.

The insurance rates above show an intentionally limited set of data points from an enormous number of possibilities. If we included every rate for every scenario, including every Sierra pickup trim level and every zip code in the U.S., the resulting chart would have around 1,935,360,000,000 unique insurance rates for a GMC Sierra.

To help you grasp the massive variability in insurance rates, consider that insuring a GMC Sierra pickup truck for only liability insurance in the most affordable parts of Indiana or Virginia may cost as little as $207 a year, while a 16-year-old driver with an accident and a violation in certain areas in New York City may be required to pay as much as $16,810 a year for a policy with full coverage.

That’s a lot of possible rates with a very wide range. We recommend getting some free car insurance quotes in order to find out exactly how much it will cost to insure a Sierra for your location and situation.

The following table shows average GMC Sierra car insurance rates for the 2013 to 2023 model years.

How does GMC Sierra car insurance cost rank?

The GMC Sierra 1500 pickup ranks fourth out of seven comparison vehicles in the 2023 large truck class. The Sierra costs an average of $1,978 per year for full coverage insurance, while the category average is $1,967 annually, a difference of $11 per year.

When compared to other half-ton pickups, insurance for a GMC Sierra costs $136 more per year than the Ford F150, $4 less than the Ram Truck, $6 less than the Chevrolet Silverado, and $74 more than the Toyota Tundra.

The chart below shows how average Sierra insurance rates compare to the rest of the full-size half-ton truck segment for insurance affordability.

What is the cheapest GMC Sierra insurance?

The cheapest GMC Sierra model to insure is the Pro Regular Cab 2WD costing an average of $1,736 per year. The second cheapest model to insure is the Pro Double Cab 2WD at $1,804 per year.

The three most expensive trim levels to insure are the Sierra AT4 Crew Cab 4WD, the Denali Crew Cab 4WD, and the Denali Ultimate Crew Cab 4WD trim levels at an estimated $2,112,  $2,126, and $2,196 per year, respectively.

The table below shows average car insurance cost for all 2023 GMC Sierra trim levels and powertrain options. Rates are broken out for annual and 6-month policy terms, as well as the monthly cost for each trim level.

The rates in the above table are for a new 2023 GMC Sierra, but many older models are roadworthy but may not justify carrying (and paying for) full coverage. The next section details the savings available when insuring your Sierra for liability only.

How much is liability insurance for a GMC Sierra?

Insuring an older model Sierra for only liability insurance could save upwards of $650 a year when compared to the full coverage rate. The table below compares liability-only car insurance rates to full coverage rates for the 2000 to 2012 model years.

Insurance cost by U.S. city

Depending upon where you live, the cost of insurance for a GMC Sierra can vary from cheaper premiums like $1,404 a year in Charlotte, NC, or $1,248 in Raleigh, NC, to higher rates like $3,436 a year in New York, NY and $3,374 in New Orleans, LA.

Insurance rates in some additional cities include Dallas, TX, at $2,018 per year, Louisville, KY, at an estimated $2,920, El Paso, TX, costing $1,762, and Colorado Springs, CO, at $2,256.

The chart below illustrates average GMC Sierra insurance rates for the thirty largest urban areas in the United States. Additionally, the chart is followed by a table showing both annual and monthly rates by city for a 2023 GMC Sierra.

Additional facts and figures

If you’ve digested all the rate information so far, here are some additional factors that can have an impact on how much you’ll pay to insure your Sierra pickup.

• Your employment could lower your rates. Many car insurance companies offer policy discounts for working in professions like college professors, lawyers, engineers, emergency medical technicians, architects, and others. If you qualify, you may save between $59 and $183 on your annual car insurance bill, subject to the policy coverages selected.
• Older drivers tend to pay less than younger drivers. The difference in insurance cost on a Sierra truck between a 50-year-old driver ($1,802 per year) and a 20-year-old driver ($3,958 per year) is $2,156, a decrease of 74.9%.
• Raising deductibles results in a cheaper policy. Increasing deductibles from $500 to $1,000 could save around $316 per year for a 40-year-old driver and $624 per year for a 20-year-old driver.
• Decreasing deductibles will cost more. Decreasing your policy deductibles from $500 to $250 could cost an additional $330 per year for a 40-year-old driver and $656 per year for a 20-year-old driver.
• Insurance for teenage drivers is expensive. Average rates for full coverage Sierra car insurance costs $7,096 per year for a 16-year-old driver, $6,650 per year for a 17-year-old driver, and $6,216 per year for an 18-year-old driver.
• Age and gender affect car insurance rates. For a 2023 GMC Sierra, a 20-year-old male pays an average rate of $3,958 per year, while a 20-year-old female pays an estimated $2,918, a difference of $1,040 per year in the women’s favor by a large margin. But by age 50, the cost for male drivers is $1,802 and female driver rates are $1,762, a difference of only $40.
• It’s expensive to buy high-risk insurance. For a 30-year-old driver, having to buy a high-risk insurance policy can cause a rate increase of $2,434 or more per year. High-risk insurance policies are generally only required if you cannot get coverage in the standard market due to excessive violations or at-fault accidents.