Smart shoppers know that car insurance companies want to keep you from comparing prices. Drivers who shop around for cheaper price quotes are likely to buy a new policy because they have a good chance of finding better rates. Remarkably, a study showed that consumers who did price comparisons regularly saved about $865 a year compared to policyholders who never shopped around.
If finding the cheapest price on GMC Terrain insurance is your intention, then understanding how to get price quotes and compare cheaper coverage can help make the process easier.
It takes a few minutes, but the best way to find more affordable GMC Terrain insurance in Tampa is to compare prices at least once a year from insurance carriers that insure vehicles in Florida.
- First, spend a few minutes and learn about individual coverages and the measures you can control to prevent expensive coverage. Many rating criteria that result in higher prices like speeding tickets, accidents and a not-so-good credit history can be remedied by making minor changes in your lifestyle. This article gives ideas to prevent rate hikes and get bigger discounts.
- Second, get rate quotes from exclusive agents, independent agents, and direct providers. Exclusive and direct companies can give quotes from a single company like Progressive or State Farm, while independent agencies can quote prices from multiple companies. View companies
- Third, compare the new rates to your existing coverage and determine if there is any savings. If you find a better price, make sure there is no coverage gap between policies.
- Fourth, tell your current company to cancel your current car insurance policy. Submit a down payment along with a completed application to your new carrier. Immediately upon receiving it, safely store the certificate verifying proof of insurance in a readily accessible location in your vehicle.
The key thing to remember is that you’ll want to compare the same physical damage deductibles and liability limits on every quote and and to look at as many companies as you can. This helps ensure a fair price comparison and many rates to choose from.
The intent of this article is to introduce you to how to get online quotes and how to save the most money. If you are already insured, you will be able to get lower rates using this strategy. But Florida consumers must understand the way companies market insurance on the web and take advantage of how the system works.
Auto insurance quotes and discounts
Some insurers don’t necessarily list every possible discount in an easy-to-find place, so below is a list some of the best known and the harder-to-find savings tricks you should be using when you buy Tampa auto insurance online. If you do not double check each discount you deserve, you’re just leaving money on the table.
- E-sign – A handful of auto insurance companies will discount your bill up to fifty bucks for signing up on their website.
- Federal Employees – Active or former government employment can save as much as 8% but check with your company.
- Data Collection Discounts – Drivers that enable companies to track when and where they use their vehicle by using a small device installed in their vehicle such as State Farm’s In-Drive could save a few bucks if they have good driving habits.
- College Student Discount – Youth drivers who are enrolled in a college that is more than 100 miles from Tampa and do not have a car could get you a discount.
- Multi-policy Discount – If you insure your home and vehicles with one insurance company you will save at least 10 to 15 percent or more.
- Save with a New Car – Insuring a new Terrain can get you a discount compared to insuring an older model.
- Early Payment Discounts – If you pay your bill all at once as opposed to paying monthly you can avoid the installment charge.
- Mature Driver Discount – Drivers that qualify as senior citizens may be able to get better auto insurance rates.
- One Accident Forgiven – Not necessarily a discount, but certain companies will allow you to have one accident without getting socked with a rate hike as long as you don’t have any claims for a certain period of time.
Don’t be shocked that some of the credits will not apply to the entire policy premium. Most only reduce specific coverage prices like physical damage coverage or medical payments. So even though they make it sound like having all the discounts means you get insurance for free, it just doesn’t work that way.
The illustration below illustrates the comparison of GMC Terrain annual premium costs with and without discounts applied to the rates. The premiums are based on a female driver, no claims or driving violations, Florida state minimum liability limits, full physical damage coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, homeowner, claim-free, marriage, multi-car, and multi-policy discounts applied.
A few popular companies and their possible discounts can be read below.
- GEICO has discounts for daytime running lights, multi-policy, military active duty, seat belt use, and federal employee.
- USAA offers discounts including military installation, multi-vehicle, family discount, good student, and new vehicle.
- Progressive includes discounts for good student, online signing, multi-policy, continuous coverage, multi-vehicle, online quote discount, and homeowner.
- American Family has savings for early bird, mySafetyValet, multi-vehicle, good student, accident-free, good driver, and TimeAway discount.
- Esurance discounts include defensive driver, Switch & Save, renters, good student, online shopper, and multi-policy.
- Farmers Insurance may have discounts that include early shopping, youthful driver, teen driver, good student, business and professional, bundle discounts, and alternative fuel.
- State Farm offers discounts for driver’s education, defensive driving training, passive restraint, multiple autos, anti-theft, safe vehicle, and accident-free.
When getting a coverage quote, ask each insurance company which discounts you qualify for. All car insurance discounts might not be offered on policies in Tampa. To see a list of insurers who offer discounts in Tampa, click here.
When quoting insurance, remember that getting more free quotes increases the chance that you will find a better price.
The following companies are our best choices to provide free rate quotes in Florida. If multiple companies are listed, it’s a good idea that you compare several of them in order to find the lowest rates.
GMC Terrain detailed coverage information
The premium table displayed below covers a range of insurance policy prices for GMC Terrain models. Having a good grasp of how prices are figured can help drivers make informed decisions.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Terrain SLE 2WD | $156 | $290 | $340 | $20 | $102 | $908 | $76 |
| Terrain SLE AWD | $156 | $290 | $340 | $20 | $102 | $908 | $76 |
| Terrain SLT 2WD | $176 | $342 | $340 | $20 | $102 | $980 | $82 |
| Terrain SLT AWD | $176 | $342 | $340 | $20 | $102 | $980 | $82 |
| Get Your Own Custom Quote Go | |||||||
Table data represents married male driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Florida minimum liability limits. Discounts applied include homeowner, claim-free, multi-policy, safe-driver, and multi-vehicle. Prices do not factor in specific zip code location which can influence rates considerably.
Policy deductible comparison
When comparing auto insurance rates, the most common question is which deductible level should you buy. The comparison tables below can help illustrate the difference in cost when you select higher and lower physical damage coverage deductibles. The first set of prices uses a $250 comprehensive and collision deductible and the second rate chart uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Terrain SLE 2WD | $322 | $544 | $354 | $20 | $106 | $1,371 | $114 |
| Terrain SLE AWD | $322 | $544 | $354 | $20 | $106 | $1,371 | $114 |
| Terrain SLT 2WD | $364 | $640 | $354 | $20 | $106 | $1,509 | $126 |
| Terrain SLT AWD | $364 | $640 | $354 | $20 | $106 | $1,509 | $126 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Terrain SLE 2WD | $200 | $342 | $354 | $20 | $106 | $1,022 | $85 |
| Terrain SLE AWD | $200 | $342 | $354 | $20 | $106 | $1,022 | $85 |
| Terrain SLT 2WD | $224 | $402 | $354 | $20 | $106 | $1,106 | $92 |
| Terrain SLT AWD | $224 | $402 | $354 | $20 | $106 | $1,106 | $92 |
| Get Your Own Custom Quote Go | |||||||
Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Florida minimum liability limits. Discounts applied include multi-vehicle, multi-policy, homeowner, safe-driver, and claim-free. Premium amounts do not factor in specific Tampa garaging location which can decrease or increase auto insurance rates substantially.
Based on the figures above, using a $250 deductible could cost the average driver approximately $31 more each month or $372 for a full year than buying the higher $1,000 deductible. Since you would have to pay $750 more to file a claim with a $1,000 deductible as compared to a $250 deductible, if you tend to average at least 24 months between claim filings, you would probably save some money by going with a higher deductible.
The chart below demonstrates how deductible levels and can change GMC Terrain insurance costs for different insured age categories. The premiums are based on a single male driver, full physical damage coverage, and no other discounts are factored in.
Rate difference between full and liability-only coverage
The diagram below shows the comparison of GMC Terrain premium costs with full physical damage coverage and with liability coverage only. The rate quotes are based on a clean driving record, no at-fault accidents, $100 deductibles, drivers are single, and no policy discounts are applied.
When to stop paying for full coverage
There is no set rule for eliminating full coverage, but there is a general school of thought. If the annual cost of comprehensive and collision coverage is more than around 10% of the vehicle’s replacement cost less your deductible, then it’s probably a good time to buy liability coverage only.
For example, let’s pretend your GMC Terrain book value is $3,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled in an accident, the most your company would pay you is $2,000 after paying your deductible. If you are paying in excess of $200 annually for your policy with full coverage, then you may want to consider only buying liability coverage.
There are a few situations where dropping physical damage coverage is not recommended. If you still have a lienholder on your title, you must maintain physical damage coverage as part of the loan conditions. Also, if you don’t have enough money to buy a different vehicle in case of an accident, you should not drop full coverage.
Insurance agencies can help
Some people just prefer to have an agent’s advice and that is recommended in a lot of cases A nice benefit of comparing rate quotes online is you can get cheap rate quotes but also keep your business local. Buying insurance from local agencies is still important in Tampa.
To make it easy to find an agent, after completing this simple form, the quote information is sent to companies in Tampa that can provide free Tampa auto insurance quotes and help you find cheaper coverage. You won’t need to drive around because quoted prices will be sent directly to your email. Get lower rates and an insurance agent to talk to. In the event you want to get a price quote for a specific company, you can always find their quoting web page and fill out their quote form.
If you need to find a good insurance agency, it’s important to understand the different agency structures that differ in how they can insure your vehicles. Insurance agencies can either be independent or exclusive.
Independent Agents
Independent insurance agents are not required to write business for one company so they can quote policies with an assortment of companies depending on which coverage is best. If premiums increase, your agent can just switch to a different company which is easy for the insured. If you are comparing rate quotes, you will definitely want to compare quotes from several independent agencies for maximum quote selection. They often place coverage with small mutual carriers that many times have cheaper rates.
Featured below is a list of independent insurance agents in Tampa who may provide price quotes.
- ABC Neighborhood Insurance
1336 W Fletcher Ave – Tampa, FL 33612 – (813) 932-0000 – View Map - Omega Insurance Agency, Inc.
5300 W Cypress St #271 – Tampa, FL 33607 – (813) 341-1530 – View Map - Colucci Insurance
1441 E Fletcher Ave – Tampa, FL 33612 – (813) 972-1947 – View Map
Exclusive Agencies
These agents normally can only provide a single company’s rates and some examples include American Family, State Farm, and Allstate. They generally cannot provide rate quotes from other companies so always compare other rates. Exclusive agents receive extensive training on their company’s products and that enables them to sell even at higher rates. Consumers often use the same exclusive agent partially due to loyalty to the company and strong financial ratings.
Listed below are exclusive agents in Tampa who can help you get rate quotes.
- Herma White – State Farm Insurance Agent
14940 N Florida Ave – Tampa, FL 33613 – (813) 961-6661 – View Map - State Farm: Stan White
3204 Cove Bend Dr – Tampa, FL 33613 – (813) 971-1123 – View Map - Jim Cornwell – State Farm Insurance Agent
4305 W Bay to Bay Blvd – Tampa, FL 33629 – (813) 835-8892 – View Map
Selecting an car insurance agent shouldn’t rely on just a cheap price quote. Agents should be asked these questions:
- Are there any hidden costs in their price quote and does it include driving and credit history?
- Is auto insurance their primary focus in Tampa?
- Do they review policy coverages at every renewal?
- Where would glass claims be handled in Tampa?
- Can you use your own choice of collision repair facility?
Persistence pays off
Low-cost GMC Terrain insurance in Tampa can be bought online in addition to many Tampa insurance agents, and you should compare rates from both to have the best chance of lowering rates. Some auto insurance companies do not provide price quotes online and many times these smaller companies sell through independent agencies.
We just covered quite a bit of information on how to find affordable GMC Terrain insurance in Tampa. It’s most important to understand that the more companies you get car insurance rates for, the better your chances of lowering your car insurance rates. Consumers could even find that the best rates are with some of the lesser-known companies.
Consumers leave their current company for a number of reasons such as delays in paying claims, delays in responding to claim requests, policy cancellation or an unsatisfactory settlement offer. Regardless of your reason, choosing a new insurance company is not as hard as you think.
Additional articles
- Alcohol Impaired Driving FAQ (iihs.org)
- How Much is Tampa Auto Insurance for Drivers Over Age 50? (FAQ)
- Who Has Affordable Auto Insurance Quotes for Drivers Over Age 60 in Tampa? (FAQ)
- How Much is Car Insurance for a Hyundai Sonata in Tampa? (FAQ)
- Dangers of fake or stolen airbags (Insurance Institute for Highway Safety)
- Safety Features for Your New Car (State Farm)