2016 GMC Terrain Insurance Rates
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UPDATED: Jan 2, 2020
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Average insurance rates for a 2016 GMC Terrain are $1,256 a year including full coverage. Comprehensive costs around $260, collision insurance costs $484, and liability costs $376. Buying a liability-only policy costs as little as $426 a year, and high-risk insurance costs around $2,724. Teen drivers receive the highest rates at up to $4,698 a year.
Annual premium for full coverage: $1,256
Rate estimates for 2016 GMC Terrain Insurance
Rate data is compiled from all 50 U.S. states and averaged for all 2016 GMC Terrain models. Rates are based on a 40-year-old male driver, $500 comprehensive and collision deductibles, and a clean driving record. Remaining premium consists of UM/UIM coverage, Medical/PIP, and policy fees.
Price Range by Coverage and Risk
For a middle-aged driver, prices range range from as low as $426 for basic liability insurance to the much higher price of $2,724 for a high risk driver.
These differences highlight why everyone should compare rates for a specific zip code and risk profile, instead of making a decision based on price averages.
Use the form below to get rates for your location.
Enter your zip code below to view companies based on your location that have cheap auto insurance rates.
Recommended Companies for Cheap 2016 GMC Terrain Insurance
Getting budget-priced insurance online can be somewhat difficult for comparing prices over the internet. When there are so many companies in the marketplace, how can drivers have time to compare each option to find the best available price?
The quickest method to compare insurance rates in your area is to know the trick car insurance companies provide online access to give free rates quotes. To get started, all you need to do is take a few minutes to give details including whether you drive to work or school, the make and model of your vehicles, whether you are married, and driver details. That rating information is automatically sent to all major companies and you should receive rate quotes within a short period of time.
If you wish to get multiple quotes for your 2016 GMC Terrain now, click here and complete the form.
Discounts can really help to save
Companies offering auto insurance don’t list all available discounts in an easy-to-find place, so the list below contains a few of the more well known and also the lesser-known discounts that you can inquire about if you buy car insurance online.
- Discount for Swiching Early – Some insurance coverage companies reward drivers for switching to them prior to your current policy expiration. Ten percent is about the average savings.
- Pay Now and Pay Less – By making one initial payment rather than paying monthly you can actually save on your bill.
- Accident-Free Discounts – Drivers with accident-free driving histories get the best insurance coverage rates as compared to bad drivers.
- Driver Training Discounts – Taking a course in defensive driving can save you 5% or more and easily pay for the cost of the class.
- Save over 55 – Mature drivers can possibly qualify for a small decrease in premiums on Terrain coverage.
- New Vehicle Savings – Buying insurance coverage coverage on a new vehicle is cheaper because new vehicles are generally safer.
- Onboard Data Collection – People who choose to allow driving data collection to spy on driving patterns remotely such as Allstate’s Drivewise and State Farm’s In-Drive system may see discounts if they exhibit good driving behavior.
- Include Life Insurance and Save – Select insurance companies reward you with a small discount if you purchase auto and life insurance together.
Please keep in mind that some of the credits will not apply to the entire cost. Most only reduce specific coverage prices like physical damage coverage or medical payments. Despite the fact that it seems like all the discounts add up to a free policy, companies wouldn’t make money that way.
Larger insurance coverage companies and some of the discounts include:
- State Farm has savings for good student, multiple policy, defensive driving training, accident-free, student away at school, Steer Clear safe driver discount, and passive restraint.
- Progressive offers discounts including multi-policy, continuous coverage, multi-vehicle, online quote discount, homeowner, and online signing.
- Progressive offers premium reductions for online quote discount, online signing, good student, homeowner, multi-policy, and continuous coverage.
- MetLife offers discounts for claim-free, accident-free, good driver, multi-policy, defensive driver, good student
- Farm Bureau may have discounts that include renewal discount, safe driver, multi-policy, driver training, and youthful driver.
- GEICO discounts include membership and employees, five-year accident-free, air bags, defensive driver, seat belt use, and good student.
- SAFECO policyholders can earn discounts including anti-lock brakes, bundle discounts, drive less, multi-car, and safe driver.
Check with each insurance company which credits you are entitled to. A few discounts might not be available to policyholders everywhere. To view providers that offer multiple discounts, click here.
Informed drivers can reduce insurance rates
One of the most helpful ways to save on auto insurance is to to have a grasp of some of the things that go into determining your policy premiums. If you understand what positively or negatively impacts your premiums, this helps enable you to make changes that may result in lower rates. Many things are taken into consideration when you quote your car insurance policy. Some are obvious like an MVR report, although some other factors are more obscure like your vehicle usage or your commute time.
Shown below are some of the items utilized by car insurance companies to help set your rates.
- Youthful drivers pay more – Older people are proven to be safer behind the wheel, cost insurance companies less in claims , and are generally more financially stable.Youthful drivers are statistically shown to be less responsible in a vehicle so they pay higher auto insurance rates.
- High credit equals lower premiums – Your credit score is a big factor in determining what you pay. If your credit rating could use some work, you could pay less to insure your 2016 GMC Terrain by spending a little time repairing your credit. Drivers who have excellent credit tend to file fewer claims and have better driving records than drivers with lower ratings.
- Having a spouse reduces risk – Having a significant other can get you a discount when shopping for auto insurance. Marriage demonstrates that you tend to be less irresponsible and insurance companies reward insureds because drivers who are married are more cautious.
- Are you male or female? – Statistics demonstrate that females tend to be a little less risky than males. However, this does not mean women are BETTER drivers than men. Females and males are responsible for accidents at about the same rate, but guys cause more damage and cost insurance companies more money. Not only that, but men also get ticketed for serious violations like DWI (DUI) or reckless driving. Youthful male drivers generally have the highest accident percentage and therefore have the most expensive auto insurance rates.
- Get a ticket, pay higher costs – A bad driving record impacts your car insurance rates tremendously. Attentive drivers receive lower rates than bad drivers. Just one speeding ticket or other violation can increase rates by twenty percent. People who have flagrant citations like reckless driving or DUI may need to submit a SR-22 form with their state’s licensing department in order to legally drive a vehicle.
Will just any policy work for me?
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When buying proper insurance coverage for your vehicles, there isn’t really a “perfect” insurance plan. Every insured’s situation is different.
These are some specific questions can aid in determining whether you would benefit from professional advice.
- How many claims can I have before being canceled?
- What can I do if my company denied a claim?
- Do I need special endorsements for business use of my vehicle?
- How much underlying liability do I need for an umbrella policy?
- At what point should I drop full coverage?
- Which companies will insure high-risk drivers?
If it’s difficult to answer those questions, you might consider talking to a licensed agent. To find lower rates from a local agent, fill out this quick form.
Having a good grasp of your policy aids in choosing which coverages you need for your vehicles. Insurance terms can be impossible to understand and coverage can change by endorsement.
Collision – Collision insurance will pay to fix damage to your Terrain from colliding with another vehicle or an object, but not an animal. You will need to pay your deductible then the remaining damage will be paid by your insurance company.
Collision insurance covers things such as hitting a parking meter, crashing into a ditch, colliding with another moving vehicle, driving through your garage door and damaging your car on a curb. This coverage can be expensive, so analyze the benefit of dropping coverage from lower value vehicles. Drivers also have the option to increase the deductible in order to get cheaper collision rates.
Liability coverages – Liability insurance will cover damage or injury you incur to people or other property by causing an accident. It protects you against claims from other people, and does not provide coverage for damage sustained by your vehicle in an accident.
It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see values of 50/100/50 that translate to a limit of $50,000 per injured person, a total of $100,000 of bodily injury coverage per accident, and a total limit of $50,000 for damage to vehicles and property. Occasionally you may see one number which is a combined single limit which combines the three limits into one amount without having the split limit caps.
Liability can pay for things like structural damage, medical expenses, funeral expenses and repair bills for other people’s vehicles. The amount of liability coverage you purchase is a decision to put some thought into, but buy as high a limit as you can afford.
Medical payments and PIP coverage – Medical payments and Personal Injury Protection insurance reimburse you for short-term medical expenses such as funeral costs, EMT expenses and rehabilitation expenses. They can be used to fill the gap from your health insurance plan or if you lack health insurance entirely. It covers both the driver and occupants and also covers being hit by a car walking across the street. PIP is not universally available but can be used in place of medical payments coverage
Comprehensive auto coverage – This pays to fix your vehicle from damage from a wide range of events other than collision. You need to pay your deductible first and then insurance will cover the rest of the damage.
Comprehensive coverage protects against things like hitting a bird, damage from a tornado or hurricane, hitting a deer and hail damage. The maximum amount your insurance company will pay is the ACV or actual cash value, so if the vehicle’s value is low consider removing comprehensive coverage.
UM/UIM (Uninsured/Underinsured Motorist) coverage – Uninsured or Underinsured Motorist coverage protects you and your vehicle when other motorists either are underinsured or have no liability coverage at all. This coverage pays for hospital bills for your injuries as well as your vehicle’s damage.
Since many drivers only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is important protection for you and your family. Usually your uninsured/underinsured motorist coverages are set the same as your liablity limits.
A little work can save a LOT of money
We just showed you a lot of techniques to shop for 2016 GMC Terrain insurance online. It’s most important to understand that the more times you quote, the better your chances of lowering your prices. Consumers may even find the most savings is with some of the smallest insurance companies.
Cost effective 2016 GMC Terrain insurance is definitely available on the web and with local insurance agents, so you need to shop car insurance with both to have the best chance of lowering rates. There are still a few companies who may not have the ability to get quotes online and many times these regional insurance providers only sell through local independent agents.
Drivers who switch companies do it for a variety of reasons including policy non-renewal, poor customer service, being labeled a high risk driver or not issuing a premium refund. Regardless of your reason for switching companies, choosing a new company is easier than you think.
For more information, feel free to visit the following helpful articles:
Rates by U.S. City
|New York City, NY||$1,980|
|Los Angeles, CA||$2,145|
Need a specific model?
Choose your model and trim below
Rates by Driver Age
Full coverage, $500 deductibles
Rates by Deductible
Full coverage, driver age 40
Rates by Liability Limit
Full coverage, driver age 40
Rates for High Risk Drivers
Full coverage, $500 deductibles, two speeding tickets, and one at-fault accident
If a financial responsibility filing is required, the additional charge below may also apply.
Potential Rate Discounts
If you qualify for discounts, you may save the amounts shown below.
|5-yr Accident Free||$93|
|5-yr Claim Free||$82|
|Paid in Full/EFT||$58|
Discounts are estimated and may not be available from every company or in every state.