GMC Terrain Insurance Quotes in Lubbock

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GMC Terrain insurance policy
GMC Terrain insurance policy image courtesy of QuoteInspector.com

Insurance for GMC TerrainIf saving money is your primary concern, then the best way to find the cheapest price for auto insurance rates is to start doing a yearly price comparison from providers in Lubbock.

  • First, get an understanding of what is in your policy and the modifications you can make to prevent high rates. Many things that drive up the price such as at-fault accidents, careless driving, and a low credit rating can be amended by making minor changes in your lifestyle. Later in this article we will cover additional tips to get cheaper coverage and find discounts that you may qualify for.
  • Second, request rate estimates from exclusive agents, independent agents, and direct providers. Direct and exclusive agents can provide rates from one company like Progressive or Allstate, while independent agencies can provide price quotes for a wide range of insurance providers. Select a company
  • Third, compare the price quotes to your existing coverage and see if you can save money. If you find better rates, ensure there is no coverage lapse between policies.

An important part of this process is that you use identical deductibles and limits on each quote request and and to get rate quotes from as many companies as possible. This guarantees a fair rate comparison and and a good selection of different prices.

Inconceivable but true, over 70% of drivers renewed their policy with the same company for over three years, and approximately 38% of consumers have never compared rates to find lower-cost insurance. Consumers in Lubbock could cut their rates by approximately $1,800 a year by just comparing quotes, but they won't spend time to compare rates.

If you're already insured or need new coverage, you can use these techniques to get lower rates without reducing protection. These techniques will help educate you on how to effectively get price quotes and how to save the most money. Consumers just need to use the most efficient way to quote multiple rates from many companies at once.

Get cheaper GMC Terrain insurance in Lubbock with discounts

The price of auto insurance can be rather high, but you may be missing some discounts that you may not even know about. Some trigger automatically at the time you complete a quote, but some must be asked about prior to getting the savings.

  • First Accident Forgiveness - Not really a discount, but companies like Allstate and GEICO will let one accident slide before hitting you with a surcharge with the catch being you have to be claim-free prior to being involved in the accident.
  • Low Mileage - Low annual miles could be rewarded with discounted prices on garaged vehicles.
  • Anti-theft Discount - Anti-theft and alarm system equipped vehicles are stolen with less frequency and earn discounts up to 10% off your Lubbock car insurance quote.
  • Claim-Free Discount - Drivers with accident-free driving histories get the best insurance rates in comparison to bad drivers.
  • College Student Discount - Children who are enrolled in higher education away from home and don't have a car can be insured at a reduced rate.

A little note about advertised discounts, many deductions do not apply to the whole policy. The majority will only reduce the cost of specific coverages such as medical payments or collision. So when the math indicates having all the discounts means you get insurance for free, company stockholders wouldn't be very happy. Any qualifying discounts should help reduce the cost of your policy.

The information below shows the comparison of GMC Terrain car insurance rates with and without discounts being applied to the rates. The rates are based on a male driver, no claims or violations, Texas state minimum liability limits, full physical damage coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, multi-policy, safe-driver, claim-free, marriage, and homeowner discounts applied.

Auto insurance companies that may have these money-saving discounts include:

If you want the cheapest GMC Terrain rate quotes, ask each insurance company which credits you are entitled to. All car insurance discounts may not apply to policies in your state.

The method we recommend to compare insurance rates in your area is to know almost all companies actually pay money for the chance to provide you with a free rate quote. To start a quote, the only thing you need to do is provide the companies a bit of rating information including types of safety features, marital status, if you went to college, and your credit rating estimate. Your details gets transmitted to multiple companies and they return cost estimate immediately.

To compare rates for your car now, click here and enter the information requested.

The following companies have been selected to offer price quotes in Texas. If multiple companies are listed, we recommend you visit two to three different companies to get a more complete price comparison.

Rates and other information

The rate table displayed next showcases estimates of insurance policy prices for GMC Terrain models. Knowing how car insurance premiums are figured is important to be able to make smart buying decisions.

GMC Terrain Insurance Rates in Lubbock, TX
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Terrain SLE 2WD $298 $544 $334 $20 $100 $1,296 $108
Terrain SLE AWD $298 $544 $334 $20 $100 $1,296 $108
Terrain SLT 2WD $336 $642 $334 $20 $100 $1,432 $119
Terrain SLT AWD $336 $642 $334 $20 $100 $1,432 $119
Get Your Own Custom Quote Go

Prices based on married male driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Texas minimum liability limits. Discounts applied include safe-driver, multi-vehicle, multi-policy, claim-free, and homeowner. Rate information does not factor in specific location which can raise or lower rates noticeably.

Where to set your deductibles

When shopping for insurance, a common question is which deductibles should you choose. The figures shown below highlight the differences in premium rates when you select higher and lower insurance deductibles. The first set of rates uses a $100 deductible for comprehensive and collision coverage and the second price chart uses a $500 deductible.

GMC Terrain insurance with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Terrain SLE 2WD $328 $592 $324 $20 $96 $1,385 $115
Terrain SLE AWD $328 $592 $324 $20 $96 $1,385 $115
Terrain SLT 2WD $370 $698 $324 $20 $96 $1,533 $128
Terrain SLT AWD $370 $698 $324 $20 $96 $1,533 $128
Get Your Own Custom Quote Go
GMC Terrain insurance with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Terrain SLE 2WD $240 $400 $324 $20 $96 $1,080 $90
Terrain SLE AWD $240 $400 $324 $20 $96 $1,080 $90
Terrain SLT 2WD $270 $472 $324 $20 $96 $1,182 $99
Terrain SLT AWD $270 $472 $324 $20 $96 $1,182 $99
Get Your Own Custom Quote Go

Premium data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include multi-policy, safe-driver, multi-vehicle, homeowner, and claim-free. Prices do not factor in specific garaging location which can affect auto insurance rates noticeably.

Using the data above, we can ascertain that using a $100 deductible will cost you about $27 more each month or $324 every year than quoting the higher $500 deductible. Due to the fact that you would have to pay $400 more to settle a claim with a $500 deductible as compared to a $100 deductible, if you tend to have more than 15 months between claim filings, you would more than likely save some money if you choose a higher deductible.

GMC Terrain insurance costs by age and gender

The diagram below illustrates the comparison of GMC Terrain insurance prices for male and female drivers. The premiums are based on a clean driving record, no claims, comp and collision included, $500 deductibles, drivers are not married, and no discounts are applied.

How Car Insurance Companies Determine GMC Terrain Insurance Costs

Consumers need to have an understanding of the different types of things that come into play when calculating your insurance rates. If you understand what impacts premium levels, this enables informed choices that may reward you with big savings. Many different elements are considered when pricing auto insurance. A few of the factors are predictable such as traffic violations, although some other factors are less apparent such as your marital status or your commute time.

  • Extra coverages can cost a lot - There are quite a few extra coverages you can purchase but may not be useful. Coverages like coverage for rental cars, towing coverage, and extra life insurance coverage may be wasting your money. These may sound like a good investment when talking to your agent, but if you have no use for them eliminate them to save money.
  • Youthful drivers cost more - Mature drivers are more responsible, cost insurance companies less in claims, and usually have better credit. Inexperience drivers are known to get distracted easily behind the wheel so they pay higher insurance rates.

    The next chart assumes a single driver, full coverage with $1000 deductibles, and no discounts or violations.

  • GPS tracking and theft deterrents systems cut rates - Choosing to buy a car with an alarm system can save you some money. Advanced theft deterrents like LoJack tracking devices, vehicle tamper alarm systems or GM's OnStar system can help prevent your car from being stolen.
  • You may save more by consolidating policies - Lots of insurance companies give discounts to clients that have more than one policy, otherwise known as a multi-policy discount. Discounts can be as much as ten percent or more If you currently are using one company, it's in your best interest to compare other Lubbock Terrain insurance rates to help guarantee you have the best rates.
  • More miles driven equals more premium - The more miles you rack up on your GMC in a year the more it will cost to insure it. Most companies apply a rate based on their usage. Autos used primarily for pleasure use can get a lower rate than vehicles that are driven to work every day. It's always a good idea to double check that your policy reflects the correct usage. Improper usage on your Terrain may be costing you higher rates.
  • GMC Terrain claim probability - Insurance companies factor in historical loss data when setting premium rates. Vehicles that the data determines to have higher number or severity of losses will have higher rates. The table below demonstrates the insurance loss data used by companies for GMC Terrain vehicles.

    For each insurance policy coverage type, the statistical loss for all vehicles, regardless of manufacturer or model, is considered to be 100. Percentage values below 100 suggest a better than average loss history, while values over 100 indicate more frequent claims or tendency to have higher losses.

    Insurance Loss Ratings for GMC Terrain Vehicles
    Vehicle Make and 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
    BETTER
    AVERAGE
    WORSE

    Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Different people need different auto insurance coverages

When choosing proper insurance coverage, there really isn't a perfect coverage plan. Your needs are not the same as everyone else's and your auto insurance should unique, too. For instance, these questions can help discover if you might need an agent's assistance.

  • How do I file an SR-22 for a DUI in Texas?
  • Am I missing any policy discounts?
  • I have good health insurance, so how much medical payments coverage do I need?
  • Does my personal policy cover me when driving out-of-state?
  • Are split liability limits better than a combined single limit?
  • Should I rate my vehicle as business use?
  • Does coverage extend to my business vehicle?
  • What policy terms are available?

If it's difficult to answer those questions then you might want to talk to a licensed agent. To find an agent in your area, fill out this quick form or you can also visit this page to select a carrier It's fast, free and may give you better protection.

Compare prices but work with a local Lubbock insurance agency

A small number of people would prefer to get advice from a local agent and often times that is recommended Professional insurance agents can point out coverage gaps and give you someone to call. A nice benefit of getting free rate quotes online is the fact that you can find cheap auto insurance quotes but also keep your business local. Buying from and supporting small agencies is especially important in Lubbock.

Insurance agency in LubbockAfter completing this quick form, your coverage information is immediately sent to agents in your area who will return price quotes to get your business. There is no reason to search for any insurance agencies because prices are sent to you directly. If you need to compare prices from a specific company, you would need to navigate to their website and fill out their quote form.

If you are wanting to purchase auto insurance from a reputable agency, it can be helpful to understand the types of agencies that you can select. Auto insurance agents in Lubbock are categorized either independent or exclusive depending on the company they work for. Both provide auto insurance policies, but we need to point out the difference in how they write coverage since it can affect buying decisions.

Independent Auto Insurance Agencies or Brokers

Agents that choose to be independent are not required to write business for one company so they can quote policies through lots of different companies and find the cheapest rate. If they quote lower rates, they simply move your policy to a different company and you stay with the same agent. If you need lower rates, you definitely need to get several quotes from a couple of independent agencies in order to compare the most rates. Most also write with companies you've never heard of that may have much lower rates than larger companies.

Listed below are Lubbock independent agents who may provide competitive price quotes.

More insurance agents

Exclusive Agencies

These type of agents have only one company to place business with such as Farmers Insurance, State Farm, or Allstate. They are unable to shop your coverage around so they have to upsell other benefits. Exclusive agencies are usually well trained in insurance sales which helps offset the inability to provide other markets. A lot of people use the same exclusive agent mostly because of the brand name and strong financial ratings.

Shown below is a short list of exclusive insurance agents in Lubbock who can help you get rate quotes.

More insurance agents

Finding a good auto insurance agent is decision based upon more than just the premium amount. These are valid questions to ask:

  • Can they help ensure a fair claim settlement?
  • What companies can they write with?
  • Do they reduce claim amounts on high mileage vehicles?
  • What is the agency's Better Business Bureau rating?
  • If you have an accident, will your rates go up?
  • How long has the business existed?
  • Does the agency provide any after hours assistance?

After talking to the agent and getting positive responses to all your questions as well as an affordable premium quote, you may have just found an insurance agent that is professional and can properly insure your vehicles.

Protect more than your GMC vehicle

Despite the potentially high cost of GMC Terrain insurance, buying car insurance serves a purpose in several ways.

  • Almost all states have minimum mandated liability insurance limits which means you are required to buy specific limits of liability if you drive a vehicle. In Texas these limits are 30/60/25 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
  • If you have a lien on your GMC, more than likely the lender will require that you carry insurance to guarantee their interest in the vehicle. If you do not keep the policy in force, the bank may buy a policy for your GMC at a much higher premium rate and require you to pay much more than you were paying before.
  • Car insurance protects both your vehicle and your assets. Insurance will also pay for most medical and hospital costs for you, any passengers, and anyone injured in an accident. Liability coverage will also pay for a defense attorney if you are sued as the result of an accident. If you have damage to your GMC as the result of the weather or an accident, your car insurance policy will pay all costs to repair after the deductible has been paid.

The benefits of having car insurance greatly outweigh the cost, particularly when you have a large claim. On average, a vehicle owner in Lubbock overpays as much as $865 each year so you should quote your policy with other companies at least once a year to make sure the price is not too high.

Which auto insurance company is best in Texas?

Insuring your vehicle with the right car insurance provider can be rather challenging considering how many companies there are to choose from in Lubbock. The rank data shown next may help you select which auto insurers to look at when shopping your coverage around.

Top 10 Lubbock Car Insurance Companies Overall

  1. Travelers
  2. USAA
  3. Mercury Insurance
  4. AAA Insurance
  5. Nationwide
  6. Allstate
  7. State Farm
  8. The Hartford
  9. Safeco Insurance
  10. Progressive

Top 10 Lubbock Car Insurance Companies Ranked by Customer Service

  1. USAA
  2. Travelers
  3. Mercury Insurance
  4. AAA Insurance
  5. Nationwide
  6. Safeco Insurance
  7. Progressive
  8. State Farm
  9. The Hartford
  10. The General

More effort can pay off

We just showed you some good ideas how to lower your GMC Terrain insurance car insurance rates in Lubbock. The key concept to understand is the more providers you compare, the better likelihood of getting inexpensive Lubbock car insurance quotes. You may even find the best price on auto insurance is with some of the lesser-known companies. They may often insure only within specific states and give better rates than their larger competitors like Progressive or GEICO.

As you restructure your insurance plan, it's not a good idea to skimp on critical coverages to save a buck or two. In many instances, an insured cut uninsured motorist or liability limits only to regret that saving that couple of dollars actually costed them tens of thousands. The proper strategy is to buy a smart amount of coverage at an affordable rate.

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