Finding the cheapest Los Angeles GMC Terrain insurance quotes may seem to be problematic for consumers not familiar with shopping for insurance on the web. With so many insurance companies available, how can anyone effectively compare every car insurance company to find the lowest rates?
Anyone knows that car insurance companies don’t want you comparing rates. Insureds who shop rates annually are highly likely to switch car insurance companies because the odds are good of finding good coverage at a lower price. A recent car insurance study revealed that consumers who shopped around annually saved an average of $850 each year compared to other drivers who never shopped around for better prices.
If finding budget-friendly GMC Terrain insurance in Los Angeles is your objective, then having some knowledge of how to quote and compare car insurance can make it easier to find better rates.
You need to quote other rates quite often because rates change quite often. Even if you got the best deal on GMC Terrain insurance in Los Angeles at your last renewal there may be better deals available now. Ignore everything you know about car insurance because I’m going to teach you the best way to lower your annual insurance bill.
Cheap companies for GMC Terrain insurance in California
The companies shown below have been selected to offer free rate quotes in Los Angeles, CA. If multiple companies are shown, we recommend you click on several of them in order to get a fair rate comparison.
Rates and detailed analysis
The data table shown below outlines estimates of policy rates for GMC Terrain models. Having a better understanding of how car insurance premiums are established can be of help when making smart choices when purchasing an insurance policy.
| 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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Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and California minimum liability limits. Discounts applied include multi-policy, claim-free, multi-vehicle, homeowner, and safe-driver. Price information does not factor in specific zip code location which can increase or decrease premium rates substantially.
Age-based insurance rates by gender
The example below shows the difference between GMC Terrain insurance prices for male and female drivers. The data is based on no claims or violations, full coverage, $500 deductibles, single status, and no discounts are applied to the premium.
Full coverage versus liability-only
The illustration below illustrates the difference between GMC Terrain yearly insurance costs with full physical damage coverage and with liability coverage only. The information is based on no accidents, no driving violations, $100 deductibles, marital status is single, and no other discounts are factored in.
When to drop comprehensive and collision
There is no definitive guideline to exclude comp and collision coverage, but there is a general guideline. If the yearly cost of comp and collision coverage is more than around 10% of the replacement cost of your vehicle minus the policy deductible, then it might be time to buy liability only.
For example, let’s pretend your GMC Terrain replacement value is $8,000 and you have $1,000 full coverage deductibles. If your vehicle is destroyed, the most you would get paid by your company is $7,000 after the policy deductible has been paid. If premiums are more than $700 a year for your policy with full coverage, then it might be time to buy liability only.
There are a few situations where dropping physical damage coverage is not in your best interest. If you still have a loan on your vehicle, you have to maintain full coverage in order to keep the loan. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is in an accident, you should not eliminate full coverage.
Components of Your GMC Terrain Insurance Costs
Many things are used in the calculation when you quote your car insurance policy. Some of the criteria are obvious such as traffic violations, but some are not as apparent like your vehicle usage or how financially stable you are. A large part of saving on car insurance is knowing the rating factors that help calculate your premiums. If you have a feel for what determines premiums, this enables informed choices that may reward you with lower car insurance prices.
The list below includes some of the things that factor into your prices.
Save money by having multiple policies – Most larger insurance companies apply lower prices to clients who consolidate policies with them, otherwise known as a multi-policy discount. Even though this discount sounds good, drivers will still want to compare other company rates to guarantee you are still saving the most.
Better prices with anti-theft devices – Choosing a vehicle with advanced anti-theft systems can help bring down rates. Systems that thwart thieves like GM’s OnStar, tamper alarm systems and vehicle immobilizers all help prevent vehicle theft.
Excellent credit equals lower premiums – Having a good credit score is a large factor in determining premium rates. So if your credit is lower than you’d like, you may save money insuring your GMC Terrain by spending a little time repairing your credit. People that have excellent credit scores tend to file fewer claims as compared to drivers with lower credit ratings.
Marriage discount – Having a significant other may cut your premiums compared to being single. Marriage means you’re more financially stable it has been statistically shown that being married results in fewer claims.
How’s your driving record? – Whether or not you get tickets has a lot to do with how much you pay for insurance. Only having one moving violation can increase the cost of insurance twenty percent or more. Drivers with clean records get better prices compared to bad drivers. Drivers who have serious violations like reckless driving or DUI may face state-mandated requirements to prove financial responsibility with their state in order to keep their license.
The information below demonstrates how citations and at-fault accidents can raise GMC Terrain annual premium costs for different insured age categories. The data assumes a single female driver, comprehensive and collision coverage, $1,000 deductibles, and no discounts are factored in.
Insurance loss data for GMC Terrain vehicles – Insurance companies use claims history to help determine rates. Models that tend to have higher prevalence or dollar amount of losses will be charged more to insure. The data below shows the compiled insurance loss statistics for GMC Terrain vehicles.
For each policy coverage, the claim probability for all vehicles compiled together is considered to be 100. Values that are 100 or less suggest a better than average loss history, while values that are 100 or greater indicate more frequent losses or tendency to have larger claims.
| 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 |
Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Earn discounts on Los Angeles auto insurance
Some companies don’t always advertise all discounts very well, so the list below gives a summary of both well-publicized and also the lesser-known ways to save on auto insurance. If you aren’t receiving every discount you qualify for, you could be getting lower rates.
- Clubs and Organizations – Having an affiliation with a professional or civic organization may earn a discount on your next auto insurance statement.
- Los Angeles Homeowners Discount – Owning your own home or condo may trigger a policy discount on auto insurance since owning and maintaining a home is proof that your finances are in order.
- Theft Deterrent – Cars equipped with tracking devices and advanced anti-theft systems are less likely to be stolen and can earn a small discount on your policy.
- Military Rewards – Being deployed with a military unit can result in better auto insurance rates.
- Save with a New Car – Buying a new car instead of a used Terrain may earn a small discount because newer vehicles keep occupants safer.
- Accident Waiver – This isn’t a discount exactly, but some insurance companies will allow you to have one accident without getting socked with a rate hike if you have no claims prior to the accident.
- Good Student – Being a good student could provide a savings of up to 20% or more. The discount lasts until age 25.
- No Claim Discounts – Insureds who avoid accidents and claims can earn big discounts when compared to accident-prone drivers.
- Data Collection Discounts – Insureds that choose to allow companies to analyze their driving habits by using a telematics device like In-Drive from State Farm and Progressive’s Snapshot might get better premium rates if they exhibit good driving behavior.
A quick disclaimer, most of the big mark downs will not be given to your bottom line cost. Some only apply to the cost of specific coverages such as collision or personal injury protection. So even though they make it sound like it’s possible to get free car insurance, companies wouldn’t make money that way.
The diagram below illustrates the comparison of GMC Terrain insurance premiums with and without some available policy discounts. The data is based on a male driver, no claims, a clean driving record, California state minimum liability limits, full coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, marriage, multi-policy, claim-free, multi-car, and homeowner discounts applied.
If you would like to see a list of insurers with the best GMC Terrain insurance discounts in Los Angeles in Los Angeles, click this link.
Insurance is available from local insurance agents
Some people would rather get professional advice from a licensed agent and that is not a bad decision A good thing about comparing insurance online is you may find the best rates and still buy from a local agent.
For easy comparison, once you complete this simple form, the quote information is emailed to local insurance agents who will give competitive quotes for your business. You don’t have to leave your computer since rate quotes are delivered directly to your email. You can get cheaper insurance rates and a licensed agent to talk to. If you want to get a rate quote for a specific company, just go to their quote page to submit a rate quote request.
Finding the right insurer shouldn’t rely on just a cheap price. These are some questions your agent should answer.
- If you are a high risk driver, do they have special markets for your coverage?
- How many years have they been established?
- If they are an independent agency in Los Angeles, which companies do they recommend?
- Do they have any clout with companies to ensure a fair claim settlement?
- Do you qualify for any additional discounts?
- Do they regularly work with personal auto policies in Los Angeles?
- How does the company pay claims for a total loss?
Shown below are Los Angeles auto insurance companies willing to provide comparison quotes for GMC Terrain insurance in Los Angeles.
- Paul Major – State Farm Insurance Agent
12030 Washington Blvd Ste A – Los Angeles, CA 90066 – (310) 482-3990 – View Map - Choice Insurance Agency
1601 S La Brea Ave – Los Angeles, CA 90019 – (323) 933-9888 – View Map - Gregory Kim – State Farm Insurance Agent
3580 Wilshire Blvd #130 – Los Angeles, CA 90010 – (213) 365-2071 – View Map - Sean Kim – State Farm Insurance Agent
2727 W Olympic Blvd #102 – Los Angeles, CA 90006 – (213) 480-3377 – View Map
Car insurance savings summarized
People leave their current company for many reasons like extreme rates for teen drivers, lack of trust in their agent, unfair underwriting practices and being labeled a high risk driver. It doesn’t matter what your reason, choosing a new insurance company is less work than it seems.
When shopping online for car insurance, make sure you don’t buy poor coverage just to save money. In many cases, someone sacrificed collision coverage to discover at claim time that they should have had better coverage. Your goal is to purchase a proper amount of coverage at the best price while still protecting your assets.
We covered quite a bit of information on how to shop for GMC Terrain insurance online. The most important thing to understand is the more times you quote, the better chance you’ll have of finding affordable Los Angeles car insurance quotes. Consumers may even find the best rates are with a smaller regional carrier.
Helpful resources
- Rearview cameras reduce backing crashes (Insurance Institute for Highway Safety)
- Who Has Affordable Los Angeles Car Insurance Quotes for College Students? (FAQ)
- How Much is Los Angeles Auto Insurance for a Chevrolet Malibu? (FAQ)
- How Much are Los Angeles Car Insurance Quotes for a Honda Accord? (FAQ)
- Who Has Affordable Los Angeles Auto Insurance for Electric Cars? (FAQ)
- Safety Tips for Teen Drivers (Insurance Information Institute)
- Side Impact Crash Tests (iihs.org)
- Five Steps to Filing an Auto Insurance Claim (Insurance Information Institute)