It’s an obvious statement that auto insurance companies want to keep your business as long as possible. Consumers who shop around annually are highly likely to move their business because they have good chances of finding a more affordable policy premium. A recent survey found that drivers who regularly compared price quotes saved as much as $865 annually compared to other drivers who didn’t regularly shop around.
If finding the best rates on GMC Terrain insurance in Cincinnati is your objective, knowing how to find companies and compare insurance can make it easier for you to save money.
If your goal is the lowest price, then the best way to get affordable GMC Terrain insurance in Cincinnati is to start doing an annual price comparison from insurers who sell insurance in Ohio. Drivers can shop around by following these guidelines.
- First, try to understand how auto insurance works and the things you can change to prevent rate increases. Many policy risk factors that increase rates such as speeding tickets, careless driving and an imperfect credit score can be eliminated by making minor driving habit or lifestyle changes.
- Second, compare prices from direct, independent, and exclusive agents. Direct companies and exclusive agencies can only provide price estimates from one company like Progressive and State Farm, while independent agents can quote prices for a wide range of insurance providers.
- Third, compare the price quotes to your current policy premium to see if a cheaper rate is available. If you find better rates and make a switch, make sure there is no lapse between the expiration of your current policy and the new one.
- Fourth, tell your current company to cancel your current car insurance policy. Submit payment and a signed application to your new carrier. As soon as you can, put the certificate of insurance in an easily accessible location in your vehicle.
An essential thing to point out is to try to compare identical coverages on every quote and to quote with as many companies as you can. This ensures an accurate price comparison and the best price quote selection.
Best companies for GMC Terrain insurance
The following companies have been selected to offer free rate quotes in Ohio. If multiple companies are listed, it’s highly recommended you visit two to three different companies to get a more complete price comparison.
Statistics and details
The premium information displayed next outlines estimates of insurance rates for GMC Terrain models. Having a good understanding how insurance policy rates are calculated helps drivers make informed decisions when comparing rate quotes.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Terrain SLE 2WD | $138 | $234 | $196 | $12 | $58 | $638 | $53 |
| Terrain SLE AWD | $138 | $234 | $196 | $12 | $58 | $638 | $53 |
| Terrain SLT 2WD | $156 | $276 | $196 | $12 | $58 | $698 | $58 |
| Terrain SLT AWD | $156 | $276 | $196 | $12 | $58 | $698 | $58 |
| Get Your Own Custom Quote Go | |||||||
Cost estimates assume married female driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Ohio minimum liability limits. Discounts applied include multi-policy, multi-vehicle, claim-free, homeowner, and safe-driver. Premium costs do not factor in specific Cincinnati garaging location which can raise or lower premium rates significantly.
Choosing deductibles
When comparing car insurance rates, the most common question is which deductible level should you buy. The comparison tables below can help you understand how much more rates are of buying low and high comp and collision deductibles. The first rate comparisons uses a $100 physical damage deductible and the second rate chart uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Terrain SLE 2WD | $196 | $352 | $192 | $12 | $58 | $835 | $70 |
| Terrain SLE AWD | $196 | $352 | $192 | $12 | $58 | $835 | $70 |
| Terrain SLT 2WD | $220 | $416 | $192 | $12 | $58 | $923 | $77 |
| Terrain SLT AWD | $220 | $416 | $192 | $12 | $58 | $923 | $77 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Terrain SLE 2WD | $142 | $238 | $192 | $12 | $58 | $642 | $54 |
| Terrain SLE AWD | $142 | $238 | $192 | $12 | $58 | $642 | $54 |
| Terrain SLT 2WD | $160 | $280 | $192 | $12 | $58 | $702 | $59 |
| Terrain SLT AWD | $160 | $280 | $192 | $12 | $58 | $702 | $59 |
| Get Your Own Custom Quote Go | |||||||
Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Ohio minimum liability limits. Discounts applied include multi-vehicle, safe-driver, claim-free, homeowner, and multi-policy. Price estimates do not factor in zip code location which can raise or lower coverage prices considerably.
Based on the above data, using a $100 deductible costs about $17 more each month or $204 a year across all GMC Terrain models than choosing the higher $500 deductible. Because you would be required to pay $400 more to file a claim with a $500 deductible as compared to a $100 deductible, if you normally average more than 24 months between claim filings, you would probably save some money if you decide on a higher deductible.
Calculation for raising deductibles
| Average monthly premium for $100 deductibles: | $74 |
| Average monthly premium for $500 deductibles (subtract): | – $57 |
| Monthly savings from raising deductible: | $17 |
| Difference between deductibles ($500 – $100): | $400 |
| Divide difference by monthly savings: | $400 / $17 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 24 months |
One important caveat is that a higher deductible level results in a higher out-of-pocket expense when you have a comprehensive or collision claim. That will require enough money put aside in the event you have to pay more to get your vehicle repaired.
Cost difference between full coverage and liability
The information below visualizes the comparison of GMC Terrain yearly insurance costs with and without full coverage. The prices are based on no violations or claims, $1,000 deductibles, drivers are not married, and no discounts are applied.
Should you buy full coverage or liability only?
There is no clear-cut rule of when to exclude full coverage on your policy, but there is a general guideline you can use. If the annual cost of coverage is more than 10% of replacement cost minus your deductible, then it could be time to drop full coverage.
For example, let’s say your GMC Terrain replacement cost is $5,000 and you have $1,000 policy deductibles. If your vehicle is destroyed, you would only receive $4,000 after the policy deductible has been paid. If premiums are more than $400 a year for comprehensive and collision coverage, the it may be a good time to stop paying for full coverage.
There are some conditions where only buying liability is not recommended. If you still owe money on your vehicle, you have to keep full coverage as part of the loan conditions. Also, if you cannot afford to purchase a different vehicle if your current one is totaled, you should not consider dropping full coverage.
What Determines GMC Terrain Insurance Premiums?
It’s important that you understand a few of the rating criteria that help determine the price you pay for auto insurance. If you have a feel for what positively or negatively impacts your premiums, this helps enable you to make changes that may result in better auto insurance rates.
Deter car thieves – Purchasing a vehicle with advanced anti-theft systems can help lower your rates. Theft prevention features such as vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems all aid in stopping car theft.
Do you really need roadside assistance? – There are quite a few additional coverages that you can buy on your auto insurance policy. Things like roadside assistance, better glass coverage, and additional equipment coverage could be just wasting money. They may seem good when talking to your agent, but your money might be better spent on other coverage so get rid of them and save.
Keep prices low by being claim-free – Insurance companies in Ohio award most affordable rates to insureds who are not frequent claim filers. If you’re an insured who likes to file claims you can expect either a policy non-renewal or much higher rates. Auto insurance is intended to be relied upon for claims that pose a financial burden.
Which gender costs less? – Statistics have proven that females take fewer risks when driving. It does not mean women are better drivers. Women and men are in fender benders in similar numbers, but the men have costlier accidents. Not only are claims higher, but men get ticketed for serious violations such as reckless driving.
The information below shows the comparison of GMC Terrain insurance rates for male and female drivers. The prices are based on no accidents, no driving violations, full physical damage coverage, $250 deductibles, drivers are single, and no other discounts are factored in.
Does your employer cost you more? – Do you work in a high-stress field? Occupational choices like real estate brokers, airline pilots, and emergency personnel generally pay the highest average rates due to stressful work requirements and long work hours. Conversely, careers like professors, students and retirees pay the least.
More traffic means higher claims – Being located in less populated areas has definite advantages when insuring your vehicles. City drivers have more road rage incidents and longer commutes to work. Fewer drivers translates into fewer accident claims as well as less vandalism and auto theft.
Lower mileage equals lower premium – The more miles you rack up on your GMC every year the higher your rate. Most companies rate vehicles determined by how the vehicle is used. Vehicles that sit idle most of the time can get a lower rate than vehicles that are driven to work every day. Double check that your vehicle rating reflects the correct usage, because it can save money. An improperly rated Terrain is throwing money out the window.
Tickets and citations cost more than a fine – Having a single citation could increase your next policy renewal by as much as thirty percent. Drivers with clean records get better rates than bad drivers. Drivers who have dangerous tickets such as DUI or reckless driving might be required by their state to submit a SR-22 or proof of financial responsibility with their state DMV in order to prevent their license from being revoked.
The chart below shows how speeding tickets and at-fault collisions can drive up GMC Terrain yearly insurance costs for different age categories. The data assumes a single male driver, comp and collision included, $250 deductibles, and no discounts are factored in.
Insurance losses for a GMC Terrain – Insurers analyze past claim statistics when they calculate premium rates for each model. Vehicles that are shown to have high amounts or severity of claims will cost more for specific coverages. The next table illustrates the insurance loss data used by companies for GMC Terrain vehicles.
For each insurance policy coverage type, the claim amount for all vehicles, as an average, equals 100. Values under 100 imply a favorable loss record, while numbers shown that are more than 100 show a trend for more claims or an increased chance of a larger loss.
| 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 |
Statistics from IIHS.org for 2013-2015 Model Years
Cheap GMC Terrain insurance quotes in Cincinnati
Some insurance providers do not list all possible discounts very clearly, so we took the time to find some of the more common as well as the least known discounts you could be receiving when you buy Cincinnati car insurance online.
- Defensive Driver Discount – Passing a driver safety course could earn you a small percentage discount and easily recoup the cost of the course.
- Include Life Insurance and Save – Select companies reward you with a small discount if you purchase auto and life insurance together.
- Smart Student Discounts – Excelling in school can get you a discount of up to 25%. This discount can apply up until you turn 25.
- Anti-theft System – Cars that have factory anti-theft systems help deter theft and will save you 10% or more on Terrain insurance in Cincinnati.
- Driver’s Ed – Cut your cost by having your teen driver successfully take a driver’s education course as it will make them better drivers and lower rates.
- Discount for New Cars – Adding a new car to your policy can save up to 30% because newer models are generally safer.
- Anti-lock Brake System – Cars, trucks, and SUVs with ABS and/or traction control can avoid accidents so companies give up to a 10% discount.
- First Accident Forgiveness – This one isn’t a discount, but companies like Allstate, State Farm and GEICO will turn a blind eye to one accident without raising rates as long as you don’t have any claims for a set time period.
- Discounts for Responsible Drivers – Drivers who avoid accidents may save up to 50% more than drivers with accidents.
You can save money using discounts, but most of the big mark downs will not be given to the overall cost of the policy. Some only apply to specific coverage prices like medical payments or collision. So despite the fact that it appears you would end up receiving a 100% discount, it doesn’t quite work that way.
The chart below illustrates the comparison of GMC Terrain insurance prices with and without discounts applied. The price estimates are based on a female driver, no tickets, no at-fault accidents, Ohio state minimum liability limits, comp and collision included, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, homeowner, multi-car, multi-policy, claim-free, and marriage discounts applied.
For a list of insurance companies with significant discounts in Ohio, click this link.
Get rate quotes but work with a local neighborhood Cincinnati car insurance agent
Some consumers just prefer to go talk to an agent and doing that can be a smart decision Most agents can point out coverage gaps and help submit paperwork. One of the best bonuses of comparing rates online is that you can obtain lower rates but also keep your business local.
To make it easy to find an agent, after completing this simple form, your insurance coverage information is submitted to local insurance agents that can provide free Cincinnati car insurance quotes and help you find cheaper coverage. There is no reason to find an agent due to the fact that quote results will go immediately to your email address. If you want to get a comparison quote from a specific insurance company, you just need to go to their quote page and fill out the quote form the provide.
Picking an provider should depend on more than just the premium amount. Before buying a policy in Cincinnati, get answers to these questions.
- By raising physical damage deductibles, how much would you save?
- What insurance companies do they recommend if they are an independent agent?
- Are they able to provide referrals?
- Are they giving you every discount you deserve?
- Do you work with a CSR or direct with the agent?
- Will they make sure you get an adequate claim settlement?
- Is auto insurance their primary focus in Cincinnati?
- If your car is in the repair shop, do you have coverage for a rental car?
Different types of auto insurance agents in Cincinnati
If you want to buy insurance from a local agent, you must know there are a couple different agency structures and how they can quote your rates. Insurance agencies in Cincinnati can be categorized as either exclusive or independent. Both types can insure your vehicles properly, but it’s a good idea to understand the difference in the companies they write for since it could factor into the type of agent you choose.
Exclusive Insurance Agents
These type of agents normally can only provide a single company’s rates and some examples include Allstate, Farmers Insurance, State Farm, and AAA. Exclusive agents cannot compare rates from other companies so you might not find the best rates. Exclusive agencies receive a lot of sales training on their company’s products which helps them sell on service rather than price. Consumers sometimes purchase coverage from exclusives primarily because of the brand name and strong financial ratings.
Listed below is a list of exclusive agents in Cincinnati who may provide you with price quotes.
- American Family Insurance – Barbara Hall
4010 N Bend Rd Ste 300 – Cincinnati, OH 45211 – (513) 347-9492 – View Map - Eric Geiger – State Farm Insurance Agent
6900 Miami Ave – Cincinnati, OH 45243 – (513) 574-0321 – View Map - GEICO Insurance Agent
4081 E Galbraith Rd #1b – Cincinnati, OH 45236 – (513) 794-3426 – View Map
Independent Insurance Agencies
Independent insurance agents are appointed with more than one company so they can insure your vehicles with lots of companies and possibly get better coverage at lower prices. If you are not satisfied with one company, an independent agent can move your coverage and you don’t have to switch agencies.
When comparing rate quotes, you absolutely need to compare quotes from independent agents so that you can do a thorough price comparison. Most can insure with smaller regional carriers which can be an advantage.
Listed below are independent insurance agents in Cincinnati that are able to give comparison quotes.
- Zimmer Insurance Agency
2148 Gilbert Ave – Cincinnati, OH 45206 – (513) 381-1919 – View Map - Young Robert
2035 Reading Rd – Cincinnati, OH 45202 – (513) 221-1140 – View Map - Dabbelt Insurance LLC
5932 Glenway Ave – Cincinnati, OH 45238 – (513) 451-8050 – View Map
How to find a good Cincinnati car insurance company
Picking the best car insurance provider can be challenging considering how many companies are available to choose from in Ohio. The ranking information displayed below could help you select which insurers you want to consider shopping prices with.
Top 10 Cincinnati Car Insurance Companies Ranked by Customer Satisfaction
- USAA – 92%
- Erie Insurance – 88%
- American Family – 88%
- State Farm – 88%
- Nationwide – 88%
- 21st Century – 88%
- AAA Insurance – 87%
- Liberty Mutual – 87%
- Farmers Insurance – 87%
- The Hartford – 87%
Top 10 Cincinnati Car Insurance Companies Ranked by Claims Service
- Progressive
- Travelers
- Liberty Mutual
- Nationwide
- USAA
- GEICO
- AAA Insurance
- Safeco Insurance
- Esurance
- The General
Lower rates by being persistent
When shopping online for auto insurance, it’s not a good idea to buy poor coverage just to save money. In many cases, an insured dropped uninsured motorist or liability limits to discover at claim time they didn’t have enough coverage. Your goal is to buy the best coverage you can find at a price you can afford, but do not skimp to save money.
We just showed you many ideas to lower your GMC Terrain insurance prices in Cincinnati. The most important thing to understand is the more rate quotes you have, the higher your chance of finding cheaper Cincinnati car insurance quotes. Consumers may even find the most savings is with some of the smallest insurance companies.
Some companies may not have internet price quotes and these regional carriers work with local independent agencies. Cheaper GMC Terrain insurance in Cincinnati is attainable on the web and from local insurance agents, so compare prices from both in order to have the best price selection to choose from.
More information is available on the following sites:
- How to Avoid Buying a Flooded Car (Insurance Information Institute)
- Who Has Cheap Auto Insurance Quotes for Drivers Over Age 70 in Cincinnati? (FAQ)
- Who Has Cheap Auto Insurance Rates for Police Officers in Cincinnati? (FAQ)
- How Much is Cincinnati Car Insurance for Welfare Recipients? (FAQ)
- Understanding Limits and Deductibles (Allstate)
- Self-driving cars won’t replace humans (Insurance Institute for Highway Safety)
- Hybrid vehicles cost insurers more (Insurance Institute for Highway Safety)
- Vehicle Safety Ratings (iihs.org)