The research in this paper is related to the accuracy of the tilt compensation function of the GNSS/IMU receivers, which were examined in an open sky environment. The purpose of the paper is to point out to geodesists the conditions and limitations of using GNSS/IMU technology in precise measurements to not jeopardize the coordinate’s accuracy. The environment in which the measurement is made affects the quality of the GNSS signal and can limit the visibility of the satellite, leading to larger errors in the measurement. In this experiment, the current performance of the GNSS/IMU receivers was checked. Seven GNSS/IMU receivers were used for the realization of the experiment. For six receivers the compensation angle was α = 30°, while for one receiver, the compensation angle was α = 45°. The standard uncertainty of GNSS coordinates of the antenna phase center has values less than 9 mm. The standard uncertainty of the IMU component has values less than 31 mm. The measurement uncertainty of the position of the used GNSS receivers is in the range of 18.1 mm to 31.7 mm. The limit values for the differences along the coordinate axes x and y were determined, and their values are from 26 mm to 44 mm. In the conducted experiment, it was confirmed that three GNSS/IMU receivers have a “Satisfactory” result. The results show that GNSS/IMU measurements with a slope greater than 30° significantly affect the accuracy and reliability of GNSS/IMU technology. A slope greater than 45° has a deviation along the coordinate axes of 121.3 mm. The conducted research is particularly important for geodetic works that require high positioning performance. The testing method of the GNSS/IMU receiver presented in this paper can help its users to make correct conclusions regarding the coordinate accuracy of the measured point of interest.