Jeffrey Wade
The GMC Terrain is considered a compact SUV, and its insurance rates are relatively affordable compared to other vehicles in its class. The average cost of insuring a GMC Terrain is around $123 to $161 per month or $1,453 to $1,937 per year. These rates can vary depending on factors such as the driver's age, location, driving history, gender, and trim level of the vehicle. The GMC Terrain's safety features and reliability ratings may also help lower insurance premiums. Overall, the GMC Terrain is a good choice for those looking for a mix of value and luxury in a compact SUV.
| Characteristics | Values |
|---|---|
| Average insurance cost per year | $1,453, $1,560, $1,937, $1,617, $1,514, $1,594, $1,623, $1,567, $1,549, $1,521, $1,476 |
| Average insurance cost per month | $123, $129, $161, $130 |
| Cheapest insurance company | Allied, Plymouth Rock Insurance, Southern Farm Bureau |
| Cheapest model to insure | SLE 2WD, SLE AWD, SLT 2WD |
| Most expensive model to insure | Denali AWD, AT4 AWD |
| Average insurance cost by state | Louisiana ($1,856), Michigan ($2,130), Florida ($1,942), Idaho ($1,112), Iowa ($1,044), Maine ($938) |
What You'll Learn
The GMC Terrain's insurance cost varies by state
The GMC Terrain is a compact SUV with high safety ratings and reliability. The cost of insuring this vehicle varies by state and a multitude of other factors.
The average cost of insuring a GMC Terrain is $1,453 per year, or $129-$161 per month. However, these rates can differ depending on the state, the driver's age, gender, location, driving history, credit history, and other factors.
For example, in states like Idaho, Iowa, and Maine, insurance rates tend to be lower, while states like Louisiana, Michigan, and Florida have higher insurance rates. The cost of insurance also depends on the chosen coverage plan and the driver's age and gender. For instance, a 40-year-old male driver with good credit and a clean driving record can expect to pay around $1,453 per year for full coverage. On the other hand, a 20-year-old male driver can expect to pay around $3,086 per year for the same coverage.
Additionally, the trim level of the GMC Terrain can impact the insurance cost. The SLE 2WD trim is the cheapest to insure, with an average annual cost of $1,474, while the Denali AWD trim is the most expensive, costing around $1,650 per year.
It's important to note that these rates are averages and may not reflect the exact cost for an individual driver. Insurance companies use various factors to calculate premiums, and it's always a good idea to shop around and compare quotes to find the best rate for your specific situation.
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The insurance cost also depends on the driver's age
The cost of insuring a GMC Terrain depends on several factors, including the driver's age, gender, location, driving history, and trim level. While the average cost of insurance is around $123 to $161 per month, or $1,476 to $1,937 annually, these rates can vary significantly based on individual circumstances.
Age is a critical factor in determining insurance premiums, and younger drivers are often considered high-risk due to their lack of driving experience. As a result, teenagers and young adults tend to pay the highest insurance rates, which gradually decrease as they gain more experience behind the wheel. For instance, a 16-year-old driver may pay around $613 per month for full coverage insurance, while a 25-year-old driver's rate could drop to $200 per month. The lowest rates are typically offered to drivers in their 50s and early 60s, assuming they have a clean driving record. However, as drivers reach their senior years, rates may climb back up due to age-related factors affecting driving capabilities.
In addition to age, insurance companies consider gender when determining premiums. Men, especially young men, are often deemed riskier to insure than women due to higher accident rates and riskier driving behaviours. On average, men pay 6% more for full coverage car insurance than women, with the most significant difference occurring between the ages of 16 and 20.
Other factors that can influence insurance rates include driving history, location, vehicle type, and safety features. By taking these factors into account, insurance companies assess the risk associated with each driver and adjust their premiums accordingly. It is essential to shop around and compare quotes from multiple providers to ensure you get the lowest rate possible.
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The Terrain SLE 2WD trim level is the cheapest to insure
The GMC Terrain is a compact SUV with high safety ratings. The cost of insuring a GMC Terrain depends on several factors, including the driver's age, location, driving history, gender, and trim level. The Terrain SLE 2WD trim level is the cheapest to insure, with an average annual cost of around $1,474. This is significantly lower than the cost of insuring other trim levels, such as the Denali AWD, which is the most expensive trim level to insure, costing around $1,650 per year.
The GMC Terrain SLE 2WD trim level offers a balance between affordability and functionality. It is a popular choice among customers due to its standard features and optional packages that provide additional convenience. The SLE 2WD trim level typically includes a 4.3L V6 engine, automatic locking rear differential, body-colored door handles and side mouldings, and remote keyless entry. The infotainment system and driver information center are also upgraded to larger sizes, and the vehicle comes with floor carpeting, a wifi-hotspot, and illuminated vanity mirrors.
The insurance cost for the GMC Terrain SLE 2WD trim level can vary depending on the driver's profile and location. For example, a 40-year-old married male driver with a clean driving record and no at-fault accidents can expect to pay around $1,474 per year for full coverage insurance on the SLE 2WD trim level. However, rates may be higher or lower depending on individual factors and the specific insurance provider.
When compared to other vehicles in the small SUV segment, the GMC Terrain ranks favorably in terms of insurance costs. It is ranked 18th out of 47 vehicles, with an average insurance cost of $1,560 per year, which is $43 less than the category average. The Terrain's safety features and reliable performance contribute to its competitive insurance rates, making it a smart choice for those seeking a combination of value and luxury.
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The Terrain's insurance cost is lower than the average small SUV
The GMC Terrain is a compact SUV with high safety ratings and modest maintenance costs. Insurance rates for the Terrain are determined by factors such as the driver's age, gender, location, driving history, and trim package chosen.
The average insurance cost for a GMC Terrain is around $1,453 to $1,937 per year, or $123 to $161 per month. This is lower than the average small SUV, which costs around $1,603 per year to insure. The Terrain's insurance rates are also lower than those of popular small SUVs such as the Toyota RAV4 and the Nissan Rogue.
The GMC Terrain's safety features and modest maintenance costs contribute to its lower insurance costs compared to other small SUVs. The Terrain's safety features include a teen driver setting, four-wheel antilock braking, electronic stability control, and an anti-theft security system. These features can help reduce the cost of insurance for the vehicle.
Additionally, the Terrain's fuel efficiency and relatively low routine maintenance costs can also contribute to lower insurance rates. The Terrain is built with fuel efficiency in mind and can get up to 28 mpg in the city and 39 mpg on the highway. Oil changes, brake pad replacements, tire rotation, and other routine services are also relatively affordable.
The specific trim package chosen can also impact the insurance cost of the GMC Terrain. For example, the Terrain SLE 2WD trim level is the cheapest to insure at around $1,474 per year, while the Denali AWD trim level is the most expensive at $1,650 per year.
In summary, the GMC Terrain's insurance costs are lower than the average small SUV due to its safety features, modest maintenance costs, and specific trim packages. These factors contribute to more affordable insurance rates for the vehicle.
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The GMC Terrain's insurance cost varies by model year
The GMC Terrain is a compact SUV with high safety ratings. The cost of insuring one varies depending on the model year, with newer models generally being more expensive to insure.
According to Insurance.com, the average cost of insuring a GMC Terrain is $1,937 per year or $161 per month. However, these rates can vary depending on factors such as location, driving history, age, and others. For example, the 2023 GMC Terrain costs $1,937 per year to insure, while the 2022 model costs $1,617. State Farm offers the cheapest rate for the 2023 model at $1,322 per year.
The Zebra reports that the average insurance cost for a 2020 GMC Terrain is $1,546 per year, while a 2019 model is $1,627 per year. The cheapest insurance company for a 2020 model is Southern Farm Bureau, and for a 2019 model, it's Cincinnati Insurance and Southern Farm Bureau.
SmartFinancial provides average insurance rates for the GMC Terrain by model year and age group. For example, for a 2023 model, the average cost to insure is $242 per year, while for a 2022 model, it's $192 per year.
According to CarEdge, the cost of auto insurance for a GMC Terrain is about $1,453 per year, assuming a 40-year-old driver with full coverage and good credit who drives around 13,000 miles per year.
Finder reports that the average cost to insure a GMC Terrain is around $123 per month or $1,476 per year. This is based on a profile of a 30-year-old driver in Pennsylvania with no accidents in the past five years and an anti-theft device on the vehicle.
The cost of insuring a GMC Terrain also depends on the trim level. The cheapest trim level to insure is the SLE 2WD at around $1,474 per year, while the most expensive is the Denali AWD at $1,650 per year.
As the GMC Terrain ages, it may make financial sense to delete coverage for physical damage from the insurance policy as the costs of maintaining physical damage insurance may outweigh the benefits.
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Frequently asked questions
The cost of insuring a GMC Terrain depends on a variety of factors, including the driver's age, location, driving history, gender, and trim level of the vehicle. On average, insurance for a GMC Terrain costs between $1,453 and $1,937 per year, or between $123 and $161 per month.
In addition to the driver's personal information, the specific model year of the GMC Terrain can impact insurance rates. For example, the 2023 GMC Terrain costs more to insure than the 2022 model. The trim level of the vehicle also affects the insurance cost, with the Denali AWD trim being one of the most expensive to insure.
The GMC Terrain is considered a small SUV, and when compared to other vehicles in this segment, it ranks 18th out of 47 for insurance costs. The Terrain costs an average of $43 less per year to insure than the average small SUV.
