Auto Insurance Rates for a GMC Terrain in San Antonio

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

Wish you could get a refund on an under-performing, overpriced auto insurance policy? Trust us when we tell you there are many San Antonio consumers feeling the pinch from expensive auto insurance.

Insurance rates GMC Terrain in San AntonioA recent NerdWallet.com study revealed that the vast majority of consumers have bought auto insurance from the same company for a minimum of four years, and virtually 40% of consumers have never compared auto insurance rates at all. Texas drivers can save 70% each year just by shopping around, but they just don't understand how much savings they would realize if they replace their high priced policy.

There is such a variety of insurers to choose from, and though it is a good thing to have a choice, too many choices makes it more difficult to find the best rates for GMC Terrain insurance in San Antonio.

It is always a good idea to do rate comparisons periodically since prices are constantly changing. If you had the best deal on GMC Terrain insurance in San Antonio last year there may be better deals available now. You can search a lot of Terrain insurance online but in just a couple of minutes you can learn some good information on how to lower your auto insurance bill.

When price shopping your coverage, getting more free quotes increases the chance that you will find lower pricing.

The following companies provide comparison quotes in San Antonio, TX. If several companies are displayed, we suggest you visit several of them in order to find the most affordable rates.

Cheaper San Antonio car insurance quotes with discounts

Car insurance companies do not list every available discount in a way that's easy to find, so the list below details a few of the more common and the harder-to-find discounts that may be available.Cheaper car insurance with discounts

  • Resident Student - Children who are enrolled in a college that is more than 100 miles from San Antonio and do not have a car may be insured at a cheaper rate.
  • ABS and Traction Control Discounts - Vehicles with ABS and/or traction control are safer to drive and will save you 10% or more on Terrain insurance in San Antonio.
  • Professional Memberships - Having an affiliation with qualifying clubs or civic groups can get you a small discount on car insurance.
  • Telematics Discount - Drivers who elect to allow their insurance company to spy on driving manner by using a telematic data system such as In-Drive from State Farm or Allstate's Drivewise system may get a rate reduction if they exhibit good driving behavior.
  • Discounts for Government Workers - Active or former government employment can earn a discount up to 10% but check with your company.
  • Passenger Safety Discount - Factory air bags or automatic seat belts could see savings of up to 25% or more.

As a sidenote, most discounts do not apply to all coverage premiums. A few only apply to the price of certain insurance coverages like liability, collision or medical payments. So despite the fact that it appears you could get a free car insurance policy, you won't be that lucky.

The chart below shows the comparison of GMC Terrain auto insurance rates with and without discounts applied to the premium. The prices are based on a male driver, no claims, a clean driving record, Texas state minimum liability limits, comprehensive and collision coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, homeowner, multi-car, claim-free, marriage, and safe-driver discounts applied.

Larger car insurance companies and a summarized list of policyholder discounts include:

  • State Farm offers discounts for safe vehicle, accident-free, passive restraint, Steer Clear safe driver discount, defensive driving training, and driver's education.
  • GEICO discounts include multi-policy, military active duty, good student, daytime running lights, defensive driver, and membership and employees.
  • Allstate policyholders can earn discounts including economy car, multi-policy, anti-theft, premier plus, and new car.
  • SAFECO may offer discounts for drive less, safe driver, teen safety rewards, accident prevention training, and homeowner.
  • Farm Bureau has savings for youthful driver, safe driver, good student, multi-policy, driver training, 55 and retired, and renewal discount.
  • Progressive includes discounts for multi-policy, homeowner, good student, continuous coverage, online signing, online quote discount, and multi-vehicle.
  • AAA may have discounts that include education and occupation, anti-theft, AAA membership discount, good student, pay-in-full, multi-car, and multi-policy.

Before you buy a policy, ask each company or agent the best way to save money. All car insurance discounts might not be available to policyholders everywhere. To locate companies that offer the discounts shown above in San Antonio, click here to view.

Insurance coverage analysis

The rate table shown below outlines a range of coverage costs for GMC Terrain models. Understanding more about how insurance policy rates are determined is important to be able to make smart choices when choosing a car insurance company.

GMC Terrain Insurance Rates in San Antonio, TX
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Terrain SLE 2WD $254 $486 $340 $20 $102 $1,202 $100
Terrain SLE AWD $254 $486 $340 $20 $102 $1,202 $100
Terrain SLT 2WD $286 $572 $340 $20 $102 $1,320 $110
Terrain SLT AWD $286 $572 $340 $20 $102 $1,320 $110
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Data assumes married female driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Texas minimum liability limits. Discounts applied include multi-vehicle, safe-driver, claim-free, multi-policy, and homeowner. Estimates do not factor in the specific area where the vehicle is garaged which can decrease or increase premiums substantially.

Analysis of deductible levels

One of the more difficult decisions when buying car insurance is how high should the physical damage coverage deductibles be. The comparisons below may aid in understanding the rate difference between low and high policy deductibles. The first table uses a $100 physical damage coverage deductible and the second rate table 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
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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
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Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include multi-policy, homeowner, safe-driver, multi-vehicle, and claim-free. Rate quotes do not factor in zip code location which can affect prices greatly.

Based on these figures, using a $100 deductible could cost the average driver approximately $27 more each month or $324 each year averaged for all Terrain models than opting for the higher $500 deductible. Since you would have to pay $400 more to file a claim with a $500 deductible as compared to a $100 deductible, if you normally average at a minimum 15 months between claims, you would save money if you choose a higher deductible. Here's an example of how you can do this calculation yourself.

Average monthly premium for $100 deductibles: $122
Average monthly premium for $500 deductibles (subtract): - $95
Monthly savings from raising deductible: $27
Difference between deductibles ($500 - $100): $400
Divide difference by monthly savings: $400 / $27
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 15 months

The information below illustrates how your choice of deductibles and can influence GMC Terrain annual premium costs for different age groups. Data assumes a married female driver, comprehensive and collision coverage, and no discounts are taken into consideration.

Responsible drivers pay cheaper San Antonio car insurance rates

The chart below illustrates how traffic citations and at-fault fender-benders can affect GMC Terrain insurance premiums for different ages of insureds. The price estimates are based on a single female driver, full coverage, $1,000 deductibles, and no discounts are applied to the premium.

Full coverage rates compared to liability-only

The information below shows the difference between GMC Terrain insurance costs with full physical damage coverage compared to only buying liability only. The prices are based on no accidents, no driving violations, $250 deductibles, single marital status, and no discounts are applied to the premium.

When to drop comp and collision

There isn't a written rule to delete comprehensive and collision coverage on your policy, but there is a guideline you can use. If the annual cost of having full coverage is more than 10% of the replacement cost minus the deductible, then it might be time to buy liability only.

For example, let's say your GMC Terrain replacement cost is $6,000 and you have $1,000 deductibles. If your vehicle is totaled, the most your company would pay you is $5,000 after paying the physical damage deductible. If premium cost is more than $500 annually to have full coverage, then it could be time to drop full coverage.

There are some scenarios where eliminating full coverage is not financially feasible. If you haven't paid off your loan, you have to carry full coverage in order to keep the loan. Also, if you don't have enough money to buy a different vehicle in case of an accident, you should keep full coverage on your policy.

Four Things That Determine Your Insurance Rates

Many things are part of the equation when you get your auto insurance bill. Some are pretty understandable like an MVR report, although others are more obscure such as your marital status or your vehicle rating.

Is your vehicle theft-ready? - Purchasing a vehicle that has an advanced theft prevention system can save you a little every year. Theft prevention devices like OnStar found on GM vehicles, advanced tracking like LoJack, and vehicle immobilization systems all help stop car theft and help bring rates down.

Less chance of injury means lower rates - Vehicles that have high safety ratings tend to have lower insurance rates. Highly rated vehicles help reduce the chance of injuries in an accident and fewer serious injuries means lower claim amounts which can result in lower premiums. If your GMC has at least four stars on Safercar.gov you are probably receiving a discount.

Prices and vocation - Did you know your job can affect your rates? Occupational choices like doctors, social workers, and accountants usually pay the highest average rates because of intense work-related stress and lots of time spent at work. On the other hand, jobs such as professors, students and performers pay lower than average rates.

Drive less and save - The higher the mileage driven each year the more you will pay for insurance. Many insurance companies charge rates partially by how you use the vehicle. Cars and trucks left parked in the garage can be on a lower rate level than vehicles that are driven to work every day. An improperly rated Terrain is just wasting money. It's a good idea to make sure your insurance declarations sheet properly reflects how each vehicle is driven.

Insurance loss data for a GMC Terrain - Insurance companies analyze past claim statistics when setting rates for each model. Models that are shown to have higher number or severity of losses will have higher rates for specific coverages.

The next table shows the actual insurance loss data for GMC Terrain vehicles. For each policy coverage, the claim amount for all vehicles averaged together is a value of 100. Percentage values below 100 indicate a favorable loss history, while values that are above 100 show a trend for more claims or an increased likelihood of larger losses.

Insurance Loss Ratings for GMC Terrain Vehicles
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
BETTER
AVERAGE
WORSE

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