2020 GMC Terrain Insurance Rates
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UPDATED: Apr 9, 2020
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Average insurance rates for a 2020 GMC Terrain are $1,316 a year including full coverage. Comprehensive insurance costs approximately $306 a year, collision costs $542, and liability coverage costs around $332. Buying a liability-only policy costs as low as $388 a year, with high-risk insurance costing $2,836 or more. Teen drivers receive the highest rates at $4,778 a year or more.
Annual premium for full coverage: $1,316
Rate estimates for 2020 GMC Terrain Insurance
Rate data is compiled from all 50 U.S. states and averaged for all 2020 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 the average driver, prices range go from as low as $388 for just liability insurance to a high of $2,836 for a driver that may need high-risk insurance.
These differences highlight why it is important for drivers to compare prices using their specific location and risk profile, rather than using 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 2020 GMC Terrain Insurance
Looking for the cheapest car insurance rates for your GMC Terrain? Paying cheap rates for car insurance can be frustrating for beginners to quoting coverage prices online. Consumers have so many companies to choose from that it can turn into a lot of work to find cheaper car insurance rates.
Buying car insurance is easy if you know what you’re doing. Basically, everyone who is required by state law to have insurance most likely will be able to save money. Nevertheless, car owners need to have an understanding of the way companies market on the web and take advantage of how the system works.
Take advantage of every insurance coverage discount
Some insurance providers don’t list every disount available in a way that’s easy to find, so the following is a list of some of the best known as well as the least known discounts you could be receiving when you buy auto insurance online.
- Government Employees – Federal government employees may qualify for a discount when you quote auto insurance on Terrain insurance but check with your company.
- Seat Belts Save more than Lives – Drivers who require all occupants to buckle their seat belts can save up to 10 percent (depending on the company) off the medical payments premium.
- No Charge for an Accident – Not necessarily a discount, but a few companies such as State Farm, Progressive and GEICO will forgive one accident before they charge you more for coverage if you have no claims for a specific time period.
- Distant Student – Older children who are attending college and don’t have a car may be able to be covered for less.
- Senior Citizen Discount – Seniors may be able to get a slight reduction on a auto insurance quote on Terrain insurance.
- Discounts for Multiple Vehicles – Insuring multiple vehicles on a single policy qualifies for this discount.
- Service Members Pay Less – Having a deployed family member could trigger a small discount.
Discounts save money, but please remember that some credits don’t apply to the entire cost. Some only apply to the price of certain insurance coverages like comprehensive or collision. Even though the math looks like you can get free auto insurance, you won’t be that lucky.
Companies and their offered discounts include:
- Progressive has savings for multi-policy, online quote discount, online signing, multi-vehicle, and homeowner.
- GEICO has discounts for good student, membership and employees, military active duty, federal employee, anti-lock brakes, air bags, and daytime running lights.
- State Farm discounts include student away at school, passive restraint, driver’s education, safe vehicle, and multiple policy.
- Esurance offers premium reductions for good driver, anti-theft, good student, anti-lock brakes, DriveSense, and homeowner.
- The Hartford may have discounts that include bundle, anti-theft, air bag, defensive driver, vehicle fuel type, and good student.
Before purchasing a policy, check with every prospective company to give you their best rates. Depending on the company, some discounts may not be available everywhere. To locate insurance coverage companies that offer the discounts shown above, enter your zip code here.
How to know if you need help
When choosing coverage, there really is not a “best” method to buy coverage. Every situation is different.
Here are some questions about coverages that might point out whether your personal situation might need an agent’s assistance.
- Do I need added coverage for expensive stereo equipment?
- How much can I save by bundling my policies?
- Where can I find high-risk insurance?
- Is my business laptop covered if it gets stolen from my vehicle?
- Is motorclub coverage worth it?
- Can I afford low physical damage deductibles?
- Can my teen drive my company car?
- Is my GMC Terrain covered if I use it for business?
- Is my babysitter covered when using my vehicle?
If you can’t answer these questions, you might consider talking to an agent. To find lower rates from a local agent, take a second and enter your zip code.
Save $399 a year. For real?
Respected companies like Progressive, Allstate and GEICO constantly bombard you with television and radio advertisements. They all try to convey promises about saving some big amount after switching to their company. It sounds good, but how can they all lower your prices? It’s all in the words they use.
Many companies have strict underwriting profiles for the right customer that earns them the most money. An example of a desirable insured should be between the ages of 30 and 50, is a homeowner, and does not commute to work. A propective insured who meets those qualifications will get a cheap rate quote and is almost guaranteed to cut their rates if they switch.
Consumers who don’t measure up to the requirements will see a higher rate and the customer buying from a different company. The ads say “people who switch” but not “all drivers who get quotes” save that much when switching. This is how companies can truthfully advertise the savings. Different companies use different criteria so you absolutely need to do a rate comparison at every renewal. It is just not possible to predict which insurance company will have the best car insurance rates at this point in time.
Car insurance policy coverages for a GMC Terrain
Having a good grasp of your policy helps when choosing appropriate coverage at the best deductibles and correct limits. Policy terminology can be ambiguous and coverage can change by endorsement.
Insurance for medical payments
Medical payments and Personal Injury Protection insurance reimburse you for expenses for surgery, dental work and rehabilitation expenses. They are used to fill the gap from your health insurance policy or if there is no health insurance coverage. It covers not only the driver but also the vehicle occupants and will also cover getting struck while a pedestrian. PIP coverage is not available in all states but it provides additional coverages not offered by medical payments coverage
Uninsured Motorist or Underinsured Motorist insurance
This coverage protects you and your vehicle’s occupants when the “other guys” are uninsured or don’t have enough coverage. Covered losses include medical payments for you and your occupants and damage to your GMC Terrain.
Because many people carry very low liability coverage limits, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is very important.
Coverage for collisions
Collision coverage pays for damage to your Terrain from colliding with an object or car. You first must pay a deductible then the remaining damage will be paid by your insurance company.
Collision coverage pays for claims such as driving through your garage door, backing into a parked car, rolling your car and hitting a mailbox. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from vehicles that are older. You can also choose a higher deductible to bring the cost down.
Comprehensive coverage (or Other than Collision)
This will pay to fix damage that is not covered by collision coverage. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.
Comprehensive coverage protects against things such as a broken windshield, hitting a deer and damage from a tornado or hurricane. The maximum payout a car insurance company will pay at claim time is the market value of your vehicle, so if the vehicle is not worth much consider dropping full coverage.
This coverage provides protection from injuries or damage you cause to other people or property that is your fault. This insurance protects YOU from legal claims by others. It does not cover damage sustained by your vehicle in an accident.
Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see liability limits of 50/100/50 which means $50,000 bodily injury coverage, a per accident bodily injury limit of $100,000, and $50,000 of coverage for damaged propery.
Liability coverage pays for claims like repair costs for stationary objects, attorney fees and emergency aid. How much liability should you purchase? That is a personal decision, but consider buying as large an amount as possible.
In any little way, save everyday
Some insurance providers may not offer the ability to get quotes online regional insurance providers provide coverage only through independent agents. The cheapest 2020 GMC Terrain insurance is definitely available both online and also from your neighborhood agents, so you should compare both so you have a total pricing picture.
You just read some good ideas how to shop for 2020 GMC Terrain insurance online. The key thing to remember is the more times you quote, the more likely it is that you will get a better rate. You may be surprised to find that the best price on insurance is with some of the lesser-known companies.
As you restructure your insurance plan, never reduce coverage to reduce premium. There have been many situations where someone dropped full coverage only to regret at claim time that it was a big mistake. The goal is to purchase a proper amount of coverage at the best cost while not skimping on critical coverages.
Even more information is located at these sites:
Rates by U.S. City
|New York City, NY||$2,073|
|Los Angeles, CA||$2,247|
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||$100|
|5-yr Claim Free||$85|
|Paid in Full/EFT||$63|
Discounts are estimated and may not be available from every company or in every state.