GMC Terrain Insurance Rates in Colorado Springs

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It's astonishing, but most car insurance buyers have bought car insurance from the same company for over three years, and nearly the majority have never compared quotes from other companies. Colorado Springs insurance shoppers could pocket up to 35% a year, but most just don't grasp the benefits if they just switched companies.

Discount GMC Terrain insuranceReally, the only way to find low-cost GMC Terrain insurance in Colorado Springs is to annually compare prices from insurers who provide auto insurance in Colorado.

  • First, get a basic knowledge of policy coverages and the factors you can control to lower rates. Many risk factors that cause high rates such as at-fault accidents and an unfavorable credit rating can be controlled by paying attention to minor details.
  • Second, obtain price quotes from independent agents, exclusive agents, and direct companies. Exclusive and direct companies can only give prices from a single company like Progressive or Allstate, while agents who are independent can give you price quotes for a wide range of insurance providers.
  • Third, compare the new quotes to your current policy premium to see if you can save by switching companies. If you find a lower rate quote and buy the policy, make sure coverage is continuous and does not lapse.

A tip to remember is to compare the same coverage limits and deductibles on every quote request and and to analyze as many different companies as possible. This provides a fair price comparison and the best price selection.

Compare quotes for Colorado Springs GMC Terrain insurance

Lowering your auto insurance rates doesn't have to be difficult. Just take time getting comparison quotes online with multiple companies.

Getting free quotes online is quite simple, and it makes it obsolete to drive around to each insurance agency near you. The ability to buy insurance online eliminates the middleman unless you require the peace of mind of a local agent. If you prefer, some companies allow you to price shop online but purchase the actual policy in an agency.

The companies in the list below are our best choices to provide price quotes in Colorado. In order to find the best auto insurance in Colorado, it's a good idea that you visit as many as you can in order to get a fair rate comparison.

GMC Terrain insurance rate analysis

The coverage information shown next covers a range of prices for GMC Terrain models. Being aware of how insurance premiums are established can be valuable when making smart choices when purchasing an insurance policy.

GMC Terrain Insurance Rates in Colorado Springs, CO
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Terrain SLE 2WD $294 $536 $304 $18 $92 $1,244 $104
Terrain SLE AWD $294 $536 $304 $18 $92 $1,244 $104
Terrain SLT 2WD $330 $630 $304 $18 $92 $1,374 $115
Terrain SLT AWD $330 $630 $304 $18 $92 $1,374 $115
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Premium data assumes married female driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Colorado minimum liability limits. Discounts applied include multi-policy, homeowner, claim-free, safe-driver, and multi-vehicle. Premium costs do not factor in specific location information which can raise or lower auto insurance rates considerably.

Rate comparison for different deductibles

One common question asked by Colorado Springs drivers is at what level do you set your deductibles. The following insurance rates show how much more you'll pay when you buy lower versus higher physical damage coverage deductibles. The first price estimate table uses a $100 physical damage coverage deductible and the second set of rates uses a $500 deductible.

GMC Terrain insurance prices with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Terrain SLE 2WD $302 $546 $298 $18 $90 $1,279 $107
Terrain SLE AWD $302 $546 $298 $18 $90 $1,279 $107
Terrain SLT 2WD $342 $644 $298 $18 $90 $1,417 $118
Terrain SLT AWD $342 $644 $298 $18 $90 $1,417 $118
Get Your Own Custom Quote Go
GMC Terrain insurance prices with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Terrain SLE 2WD $220 $368 $298 $18 $90 $994 $83
Terrain SLE AWD $220 $368 $298 $18 $90 $994 $83
Terrain SLT 2WD $250 $434 $298 $18 $90 $1,090 $91
Terrain SLT AWD $250 $434 $298 $18 $90 $1,090 $91
Get Your Own Custom Quote Go

Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Colorado minimum liability limits. Discounts applied include homeowner, safe-driver, multi-vehicle, multi-policy, and claim-free. Rate information does not factor in specific garaging location which can increase or decrease rates considerably.

We can estimate from the data above that using a $100 deductible will cost in the ballpark of $26 more each month or $312 for a full year than selecting the higher $500 deductible. Because you would be required to pay $400 more if you turn in a claim with a $500 deductible as compared to a $100 deductible, if you usually have more than 15 months between claims, you would probably come out ahead if you elect the higher deductible.

The example below demonstrates how deductibles and can increase or decrease GMC Terrain insurance rates for different insured age categories. The premiums assume a married male driver, full coverage, and no discounts are applied.

Auto insurance is not optional but you don't have to overpay

Despite the high insurance cost for a GMC Terrain in Colorado Springs, buying auto insurance is a good idea for several reasons.

  • Almost all states have mandatory liability insurance requirements which means the state requires a minimum amount of liability coverage in order to license the vehicle. In Colorado these limits are 25/50/15 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $15,000 of property damage coverage.
  • If your vehicle has a lienholder, almost all lenders will require you to have comprehensive coverage to guarantee their interest in the vehicle. If you let the policy lapse, the lender will be forced to insure your GMC at a much higher premium rate and require you to fork over for it.
  • Insurance safeguards both your assets and your GMC. It will also provide coverage for most medical and hospital costs for yourself as well as anyone injured by you. Liability coverage, the one required by state law, will also pay attorney fees if someone files suit against you as the result of an accident. If damage is caused by hail or an accident, collision and comprehensive (also known as other-than-collision) coverage will pay to repair the damage.

The benefits of having insurance are without a doubt worth the cost, particularly for liability claims. As of last year, the average driver in Colorado overpays more than $810 a year so it's important to compare rates every year to ensure rates are inline.

What Affects GMC Terrain Insurance Prices?

Many different elements are considered when you quote your car insurance policy. Some factors are common sense such as your driving record, but some are less apparent such as whether you are married or how financially stable you are. An important part of buying insurance is that you know the factors that come into play when calculating the level of your policy premiums. When you understand what controls the rates you pay, this allows you to make good choices that may reward you with lower rates.

  • Where you live plays a part - Being located in a small town has definite advantages when talking about car insurance. Fewer drivers and short commutes means reduced accidents as well as less vandalism and auto theft. Drivers in populated Colorado areas have to deal with traffic congestion and more severe claims. More time behind the wheel means higher likelihood of an accident.
  • If you don't need it don't buy it - There are a ton of extra add-on coverages that can waste your money when buying car insurance. Coverages like coverage for rental cars, towing, and motor club memberships are some examples. They may seem like a good idea initially, but now you might not need them so consider taking them off your policy.
  • Save money with good credit - Your credit history factor in determining what you pay for car insurance. So if your credit score can use some improvement, you could be paying less to insure your GMC Terrain by taking the time to improve your credit score. People that have high credit ratings tend to be more responsible than those with lower credit ratings.
  • Low physical damage deductibles cost more - Protection for physical damage, aka comp and collision, helps pay for damage to your vehicle. Examples of covered claims are colliding with a building, vandalism, and rolling your vehicle. The deductibles tell how much you are required to pay in the event of a claim. The more damage repair cost the insured has to pay upfront, the less your company will charge you for insurance.
  • GMC Terrain claim statistics - Auto insurance companies use data from past claims to determine a rate that will be profitable for them. Vehicles that the statistics show to have higher frequency or amount of claims will have a higher premium rate. The table below outlines the insurance loss data used by companies for GMC Terrain vehicles.

    For each policy coverage, the statistical loss for all vehicles averaged together is considered to be 100. Percentage numbers below 100 indicate a favorable loss history, while numbers above 100 point to more claims or tendency to have higher losses.

    GMC Terrain Insurance Claim Statistics
    Vehicle 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

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

Save a ton by receiving discounts

Properly insuring your vehicles can get expensive, but you might already qualify for some discounts that may help make it more affordable. Some discounts will apply at quote time, but lesser-known reductions have to be specially asked for prior to getting the savings. If you check and find you aren't receiving every discount you deserve, you are throwing money away.Insurance discounts

  • Save with a New Car - Insuring a vehicle that is new can save up to 30% compared to insuring an older model.
  • Senior Citizen Rates - If you qualify as a senior citizen, you may be able to get a slight reduction on a Colorado Springs auto insurance quote.
  • Federal Employees - Active or former government employment could qualify for a slight premium decrease with certain companies.
  • Student Discount for Driver Training - Require your teen driver to take driver's ed class if it's offered in school.
  • Telematics Data Discounts - Drivers that enable data collection to scrutinize when and where they use their vehicle by using a telematic data system like In-Drive from State Farm and Progressive's Snapshot could possibly reduce rates as long as they are good drivers.
  • No Claim Discounts - Insureds with no claims or accidents are rewarded with significantly better rates on Colorado Springs auto insurance quote when compared to bad drivers.
  • Waiver for an Accident - Not really a discount, but certain companies will let one accident slide before raising your premiums if you have no claims for a specific time period.
  • Early Payment Discounts - If you pay your bill all at once rather than paying in monthly installments you may reduce your total bill.
  • E-sign Discounts - Some companies will provide an incentive for completing your application on the internet.

Don't be surprised that most credits do not apply to the entire cost. Most only cut specific coverage prices like physical damage coverage or medical payments. So even though you would think it's possible to get free car insurance, you aren't that lucky. Any amount of discount will reduce your policy cost.

The information below shows the difference between GMC Terrain insurance costs with and without discounts applied to the rates. The costs are based on a male driver, no claims or violations, Colorado state minimum liability limits, comprehensive and collision coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, marriage, homeowner, claim-free, safe-driver, and multi-car discounts applied.

To view insurance companies who offer free GMC Terrain insurance quotes in Colorado, click here to view.

Independent versus exclusive car insurance agents

Many drivers just prefer to go talk to an agent and that can be a great decision Good agents are trained to spot inefficiencies and give you someone to call. A good thing about comparing rate quotes online is that you can find the lowest rates and still have an agent to talk to.

Once you complete this short form, your coverage information is transmitted to companies in Colorado Springs that provide free Colorado Springs auto insurance quotes for your coverage. You don't have to do any legwork due to the fact that quote results will go to your email. If you wish to get a rate quote from a particular provider, feel free to search and find their rate quote page and fill out the quote form the provide.

Finding the right insurance company is decision based upon more than just a cheap quote. Here are some questions you might want to ask.

  • Which insurance company do they prefer to write with?
  • How experienced are they in personal risk management?
  • Do they feel the quoted coverages are adequate?
  • Are aftermarket or OEM parts used to repair vehicles?
  • Can glass claims be handled at your home?
  • How much will you save each year by using a higher deductible?

The different types of auto insurance agents

If you would like to find local Colorado Springs agents, you need to know there are two different types of agents and how they operate. Agents are considered either independent agents or exclusive agents depending on their employer. Both properly insure your vehicles, but it's worth mentioning the difference in how they write coverage because it can influence the type of agent you choose.

Exclusive Agencies

Exclusive agencies are contracted to one company such as Farmers Insurance, State Farm, Allstate, and AAA. These agents are unable to shop your coverage around so they have to upsell other benefits. These agents are well trained on sales techniques which helps them compete with independent agents.

Below is a list of exclusive agents in Colorado Springs who may provide you with price quotes.

1825 Main St #D - Colorado Springs, CO 80911 - (719) 392-7366 - View Map

5731 Silverstone Terrace #120 - Colorado Springs, CO 80919 - (719) 268-9003 - View Map

1216 Academy Blvd N - Colorado Springs, CO 80909 - (719) 574-0210 - View Map

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Independent Agencies or Brokers

Agents that choose to be independent can sell policies from many different companies so as a result can place your coverage with multiple insurance companies and get the cheapest rates. If they find a lower price, the agent simply finds a different carrier and that require little work on your part.

When comparing rate quotes, you will want to get insurance quotes from at a minimum one independent agency to have the best price comparison.

Below are Colorado Springs independent insurance agencies that can give you rate quotes.

1863 N Circle Dr - Colorado Springs, CO 80909 - (719) 667-1301 - View Map

1880 Dublin Blvd # C - Colorado Springs, CO 80918 - (719) 528-1555 - View Map

5155 N Academy, #110 - Colorado Springs, CO 80918 - (719) 622-3079 - View Map

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Colorado car insurance companies

Finding the top company can be rather challenging considering how many companies provide coverage in Colorado Springs. The company ratings displayed below may help you choose which auto insurance companies to look at when comparing rates.

Top 10 Colorado Springs Car Insurance Companies Ranked by Claims Service

  1. State Farm
  2. Esurance
  3. AAA Insurance
  4. GEICO
  5. Liberty Mutual
  6. Progressive
  7. Allstate
  8. Titan Insurance
  9. The Hartford
  10. Mercury Insurance

Top 10 Colorado Springs Car Insurance Companies by A.M. Best Rank

  1. USAA - A++
  2. Travelers - A++
  3. State Farm - A++
  4. GEICO - A++
  5. Esurance - A+
  6. Nationwide - A+
  7. Allstate - A+
  8. Mercury Insurance - A+
  9. Progressive - A+
  10. Titan Insurance - A+

Frequent quotes can save

We just presented some good ideas how you can get a better price on GMC Terrain insurance in Colorado Springs. The key thing to remember is the more quotes you get, the better your comparison will be. You may even discover the lowest rates come from a lesser-known regional company. These smaller insurers may cover specific market segments cheaper than the large multi-state companies such as Allstate or State Farm.

A few companies do not provide rates over the internet and many times these regional insurance providers work with independent agents. Affordable GMC Terrain insurance in Colorado Springs is attainable on the web as well as from insurance agents, and you should be comparing both to have the best rate selection.

Additional information can be read at the links below