If your goal is the lowest price, then the best way to get budget GMC Terrain insurance is to do a yearly price comparison from companies who can sell car insurance in Irvine. Rate comparisons can be done by following these guidelines.
- Step 1: Try to learn a little about how car insurance works and the modifications you can make to prevent expensive coverage. Many risk factors that are responsible for high rates such as inattentive driving and a substandard credit history can be rectified by paying attention to minor details.
- Step 2: Compare rates from direct, independent, and exclusive agents. Direct and exclusive agents can give quotes from a single company like Progressive or Allstate, while independent agents can provide price quotes for a wide range of insurance providers. Select a company
- Step 3: Compare the quotes to your current policy to see if a cheaper price is available in Irvine. If you can save some money, ensure coverage does not lapse between policies.
The critical component of shopping around is that you use the same amount of coverage on each price quote and and to analyze as many auto insurance providers as possible. This enables an accurate price comparison and a complete price analysis.
Statistics show that the vast majority of drivers have remained with the same car insurance company for four years or more, and virtually 40% of consumers have never compared rate quotes at all. With the average premium in California being $1,387, drivers could save themselves up to $470 a year just by shopping around, but they just feel it’s too hard to go online and compare rates.
Rates and information analytics
The coverage table displayed next outlines different insurance rates for GMC Terrain models. Learning a little about how prices are figured can be of help when making smart choices when comparing insurance rates.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Terrain SLE 2WD | $278 | $464 | $376 | $22 | $112 | $1,252 | $104 |
| Terrain SLE AWD | $278 | $464 | $376 | $22 | $112 | $1,252 | $104 |
| Terrain SLT 2WD | $314 | $546 | $376 | $22 | $112 | $1,370 | $114 |
| Terrain SLT AWD | $314 | $546 | $376 | $22 | $112 | $1,370 | $114 |
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Data rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and California minimum liability limits. Discounts applied include multi-policy, homeowner, claim-free, safe-driver, and multi-vehicle. Premium costs do not factor in vehicle location which can decrease or increase premium rates substantially.
The illustration below highlights how deductible selection and can affect GMC Terrain premium costs for different age groups of insureds. The premiums assume a married female driver, full coverage, and no discounts are taken into consideration.
Auto insurance premiums based on gender
The illustration below illustrates the comparison of GMC Terrain insurance premiums for male and female drivers. The data is based on no accidents, no driving violations, comp and collision included, $100 deductibles, single marital status, and no discounts are applied to the premium.
GMC Terrain Insurance Rates Can Be Lower
Part of the insurance buying process is learning a few of the rating criteria that help determine the price you pay for insurance. If you have some idea of what determines premiums, this helps enable you to make changes that can earn you better insurance rates.
The following are some of the most common factors used by companies to determine premiums.
Teenage drivers pay more – Young drivers in California have a tendency to be more careless when driving with friends so insurance rates are higher. Parents adding a teen driver onto your insurance can be very expensive. Mature drivers are shown to be more cautious, are lower risk to insure, and are safer drivers.
The data below uses these variables: single driver, full coverage with $500 deductibles, and no discounts or violations.
Multi-policy discounts can save money – Some companies apply discounts to policyholders who consolidate policies with them, otherwise known as a multi-policy discount. Discounts can add up to five, ten or even twenty percent. Even with this discount applied, it’s always a smart idea to compare other company rates to make sure you are getting the best deal.
Save miles driven and save money – The higher the mileage driven every year the more you will pay for insurance. Most companies charge rates based upon how much you drive. Cars left parked in the garage can be on a lower rate level as compared to vehicles used primarily for driving to work. Ask your agent if your insurance policy correctly shows the proper vehicle usage. Having an incorrect usage rating on your Terrain may be costing you higher rates.
High performance vehicles cost more to insure – The performance level of the car, truck or SUV you own makes a huge difference in the rate you pay. Smaller low performance passenger vehicles receive the most favorable rates, but your final cost has many other factors.
The chart below is based on a single female driver age 30, full coverage with $1000 deductibles, and no discounts or violations. It compares GMC Terrain car insurance rates compared to other makes and models that have a range of performance rating factors.
Pay more of a claim out-of-pocket – Comp and collision deductibles are how much you are willing to pay in the event of a claim. Insurance for physical damage to your car, termed comprehensive and collision coverage on your policy, protects your car from damage. A few examples of covered claims are a windshield broken by a bird, vandalism, and damage caused by road hazards. The more money you choose to pay out-of-pocket, the bigger discount you will receive.
Lower rates with theft deterrents – Selecting a car model with a theft deterrent system can save you a little every year. Anti-theft devices like vehicle immobilizer systems, OnStar, and tracking devices like LoJack can thwart your vehicle from being stolen.
Insurance loss data for GMC Terrain vehicles – Companies analyze the history of losses when determining insurance rates. Models that tend to have a trend towards higher claim severity or frequency will cost more to insure. The information below illustrates the insurance loss data for GMC Terrain vehicles.
For each coverage type, the claim probability for all vehicles, as a total average, is equal to 100. Numbers below 100 indicate better than average losses, while percentage numbers above 100 indicate more frequent losses or an increased probability of a larger loss.
| Specific GMC Model | Collision | Property Damage | Comp | Personal Injury | Medical Payment | Bodily Injury |
|---|---|---|---|---|---|---|
| GMC Terrain 4dr 2WD | 89 | 83 | 81 | 96 | 92 | 86 |
| GMC Terrain 4dr 4WD | 89 | 86 | 85 | 83 | 82 | 74 |
Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Quote more and you will save more
While you’re price shopping online, make sure you don’t buy less coverage just to save a little money. There are a lot of situations where an accident victim reduced liability limits or collision coverage only to discover later that the savings was not a smart move. The aim is to get the best coverage possible at the best price and still be able to protect your assets.
In this article, we presented a lot of techniques to get a better price on GMC Terrain insurance in Irvine. It’s most important to understand that the more rate quotes you have, the higher your chance of finding the cheapest GMC Terrain rate quotes. Consumers may even find the lowest rates come from some of the smallest insurance companies. They can often insure niche markets at a lower cost compared to the large companies like Progressive or GEICO.
Cheaper GMC Terrain insurance in Irvine is attainable both online as well as from insurance agents, so you should be comparing quotes from both to have the best selection. Some auto insurance companies do not provide online price quotes and usually these regional insurance providers only sell through local independent agencies.
Even more information is located in the articles below:
- Determining Your Vehicle’s Value and Repair Cost (Insurance Information Institute)
- Who Has Affordable Car Insurance Rates for a Nissan Sentra in Irvine? (FAQ)
- Who Has Cheap Car Insurance Rates for a Honda CR-V in Irvine? (FAQ)
- What Insurance is Cheapest for Uber Drivers in Irvine? (FAQ)
- How Much are Car Insurance Quotes for Active Military in Irvine? (FAQ)
- Who Has Cheap Auto Insurance for a Toyota Camry in Irvine? (FAQ)
- Who Has Affordable Auto Insurance Quotes for Low Income Drivers in Irvine? (FAQ)
- What Does No-Fault Insurance Cover? (Allstate)
- What is Gap Insurance? (Insurance Information Institute)
- Where can I buy Insurance? (Insurance Information Institute)
- State Laws for Cellphones and Texting (iihs.org)