Feeling guilty for buying an overpriced car insurance policy? You’re in good company because you’re not the only one.
We don’t have to tell you that car insurance companies don’t want customers comparing rates. Drivers who rate shop once a year will, in all likelihood, buy a new policy because there is a good chance of finding discount prices. A recent car insurance study revealed that people who made a habit of comparing rates saved approximately $865 a year compared to policyholders who never compared other company’s rates.
If finding the lowest price for insurance in Baltimore is your ultimate goal, then understanding the best ways to find and compare insurance can help you be more efficient.
Steps to finding discount GMC Terrain insurance in Baltimore
The best way we recommend to get budget GMC Terrain insurance is to regularly compare price quotes from insurers in Baltimore.
Step 1: It will benefit you to learn about the coverage provided by your policy and the steps you can take to keep rates low. Many things that cause high rates like speeding tickets, accidents and a low credit rating can be eliminated by making lifestyle changes or driving safer.
Step 2: Quote rates from direct carriers, independent agents, and exclusive agents. Exclusive and direct companies can only provide price estimates from one company like GEICO or State Farm, while independent agencies can quote rates from multiple insurance companies.
Step 3: Compare the new rate quotes to your current policy premium and determine if there is any savings. If you can save money and make a switch, make sure there is no lapse in coverage.
An important part of this process is to make sure you’re comparing identical coverage information on every quote request and and to compare as many companies as possible. This provides a fair price comparison and the most accurate and complete price analysis.
Companies like GEICO, Farmers Insurance and State Farm all claim big savings, bombarding you with advertising and it is challenging if not impossible to see past the geckos and flying pigs and effectively compare rates to find the best deal.
Companies offering GMC Terrain insurance in Baltimore
The following companies have been selected to offer price comparisons in Maryland. To find cheap car insurance in Maryland, we suggest you compare several of them to get the cheapest price.
Rates and other information
The coverage information shown below outlines detailed analysis of insurance prices for GMC Terrain models. Having insight into how policy rates are calculated helps drivers make smart choices when buying a car insurance policy.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Terrain SLE 2WD||$194||$332||$346||$20||$104||$996||$83|
|Terrain SLE AWD||$194||$332||$346||$20||$104||$996||$83|
|Terrain SLT 2WD||$218||$392||$346||$20||$104||$1,080||$90|
|Terrain SLT AWD||$218||$392||$346||$20||$104||$1,080||$90|
|Get Your Own Custom Quote Go|
Above prices assume married male driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Maryland minimum liability limits. Discounts applied include claim-free, multi-vehicle, multi-policy, homeowner, and safe-driver. Premium amounts do not factor in garaging location in Baltimore which can modify premiums greatly.
The example below shows how choosing a deductible and can increase or decrease GMC Terrain yearly insurance costs for different insured age categories. The price estimates are based on a married male driver, full coverage, and no discounts are taken into consideration.
How violations and accidents impact rates
The chart below illustrates how speeding tickets and at-fault claims influence GMC Terrain auto insurance rates for different ages of insureds. The information is based on a married male driver, comp and collision included, $500 deductibles, and no discounts are applied.
Does full coverage make sense?
The information below illustrates the comparison of GMC Terrain auto insurance rates with full coverage compared to only the Maryland minimum liability coverage. Data assumes no claims or driving violations, $500 deductibles, drivers are single, and no discounts are applied to the premium.
When to drop comp and collision
There isn’t a written rule to eliminate physical damage insurance, but there is a guideline you can consider. If the annual cost of coverage is more than 10% of any settlement you would receive from your insurance company, then it might be time to buy liability only.
For example, let’s say your GMC Terrain claim settlement value is $6,000 and you have $1,000 full coverage deductibles. If your vehicle is severely damaged, you would only receive $5,000 after paying your deductible. If it’s costing you more than $500 annually for comprehensive and collision coverage, then it’s probably a good time to buy liability coverage only.
There are some situations where removing full coverage is not recommended. If you still have a loan on your vehicle, you have to carry full coverage to satisfy the loan requirements. Also, if you can’t afford to buy a different vehicle if your current one is damaged, you should not opt for liability only.
Baltimore auto insurance discounts
Auto insurance is neither fun to buy or cheap, but you might be missing out on some discounts to reduce the price significantly. Certain discounts will be applied at quote time, but occasionally some discounts must be specifically requested in order for you to get them.
- Save over 55 – Older drivers can get a slight reduction on a Baltimore car insurance quote.
- Multi-Vehicle Discounts – Insuring more than one vehicle with the same auto insurance company qualifies for this discount.
- Driver Training Discounts – Successfully completing a safe driver course could earn you a small percentage discount and also improve your driving technique.
- Good Student – Excelling in school can be rewarded with saving of up to 25%. Earning this discount can benefit you up to age 25.
- Baltimore Homeowners Discount – Owning a house in Baltimore can save you money because of the fact that having a home shows financial diligence.
- Distant Student – Older children living away from Baltimore attending college without a vehicle on campus may qualify for this discount.
Just know that most of the big mark downs will not be given to the entire cost. Most only cut the cost of specific coverages such as medical payments or collision. Even though the math looks like all those discounts means the company will pay you, it just doesn’t work that way. Any qualifying discounts will positively reduce your overall premium however.
The information below shows the difference between GMC Terrain insurance premiums with and without policy discounts. The premium estimates are based on a male driver, a clean driving record, no at-fault accidents, Maryland state minimum liability limits, comprehensive and collision coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, multi-policy, multi-car, safe-driver, marriage, and claim-free discounts applied.
If you would like to choose from a list of insurance companies who offer discounts in Baltimore, click here.
Buying from insurance agencies
A lot of people prefer to talk to an insurance agent and that is OK! One of the benefits of comparing car insurance online is that drivers can save money and get lower rates and also buy local. Putting coverage with local insurance agencies is especially important in Baltimore.
After filling out this short form, your insurance coverage information is transmitted to companies in Baltimore who can give free rate quotes and help you find cheaper coverage. There is no need to leave your house since price quotes are sent directly to you. You can find better rates and a licensed agent to talk to. In the event you want to get a comparison quote from one company in particular, just search and find their rate quote page to submit a rate quote request.
Is an exclusive or independent auto insurance agent right for you?
If you want to use a local Baltimore insurance agency, it can be helpful to understand the types of insurance agents and how they work. Car insurance agencies may be either independent (non-exclusive) or exclusive.
Independent Car Insurance Agencies or Brokers
These agents are not employed by any specific company so they can insure your vehicles with multiple insurance companies enabling the ability to shop coverage around. If you want to switch companies, the agent simply finds a different carrier and you don’t have to find a new agent.
When comparing car insurance prices, you definitely need to contact several independent insurance agents to have the best price comparison.
Shown below are Baltimore independent agencies that may be able to provide free car insurance rate quotes.
Nationwide Insurance: Bruce Cohee Agency Inc
502 Baltimore Ave – Towson, MD 21204 – (410) 823-8777 – View Map
Senate Select Insurance
5417 Reisterstown Rd – Baltimore, MD 21215 – (410) 358-0411 – View Map
Nationwide Insurance: Rodgers Insurance Agency Inc
6800 Holabird Ave a – Baltimore, MD 21222 – (410) 282-1379 – View Map
Exclusive Car Insurance Agents
Exclusive agencies can only quote rates from one company like Allstate, State Farm and Farm Bureau. They are unable to provide rate quotes from other companies so if the price isn’t competitive there isn’t much they can do. Exclusive agents are well schooled on their company’s products which can be an advantage.
Shown below is a short list of exclusive agencies in Baltimore that can give you price quotes.
Allstate Insurance: Shanda Hayden
7200 Eastern Ave a – Baltimore, MD 21224 – (410) 282-7863 – View Map
Scott Garvey – State Farm Insurance Agent
211 Key Hwy – Baltimore, MD 21230 – (667) 309-3792 – View Map
Tom Nash – State Farm Insurance Agent
454 E Fort Ave – Baltimore, MD 21230 – (410) 727-4545 – View Map
Choosing a insurance agency requires you to look at more than just the quoted price. Some important questions to ask are:
- Do they have cheaper tiers of coverage?
- If you have an accident, are you able to get your vehicle repaired at the shop of your choice?
- Will you be dealing directly with the agent or with a Custom Service Representative (CSR)?
- Do they specialize in personal lines auto insurance in Baltimore?
- Do they offer claims assistance after hours?
- How are claims handled?
What is YOUR best insurance company?
We just covered many ways to get a better price on GMC Terrain insurance in Baltimore. The most important thing to understand is the more companies you get rates for, the higher the chance of saving money. You may even find the best prices are with a smaller regional carrier. Regional companies can often provide lower rates in certain areas as compared to the big name companies such as State Farm, GEICO and Nationwide.
As you restructure your insurance plan, never sacrifice coverage to reduce premiums. There are a lot of situations where an insured cut full coverage and found out when filing a claim that the few dollars in savings costed them thousands. Your goal should be to purchase a proper amount of coverage at a price you can afford and still be able to protect your assets.
Steps to buying cheaper GMC Terrain insurance in Baltimore
If you want to find the absolute lowest rates, then the best way to get the cheapest GMC Terrain insurance in Baltimore is to start doing a yearly price comparison from insurers that sell auto insurance in Maryland.
- Step 1: Take a few minutes and learn about how your policy works and the factors you can control to prevent expensive coverage. Many policy risk factors that result in higher rates like at-fault accidents, careless driving, and poor credit history can be eliminated by improving your driving habits or financial responsibility.
- Step 2: Request price quotes from exclusive agents, independent agents, and direct providers. Exclusive agents and direct companies can provide rates from a single company like Progressive and State Farm, while independent agencies can give you price quotes for a wide range of insurance providers. Find a Baltimore insurance agent
- Step 3: Compare the price quotes to the premium of your current policy to see if cheaper Terrain coverage is available. If you can save money and decide to switch, ensure coverage does not lapse between policies.
A good tip to remember is that you use similar coverage information on each quote and and to analyze every company you can. Doing this guarantees a level playing field and the best price selection.
- Shopping for a Safe Car (Insurance Information Institute)
- How Much is Auto Insurance for College Graduates in Baltimore? (FAQ)
- Who Has Affordable Auto Insurance Rates for Drivers Under 21 in Baltimore? (FAQ)
- Who Has Cheap Car Insurance Quotes for a Honda CR-V in Baltimore? (FAQ)
- Alcohol Impaired Driving FAQ (iihs.org)
- What to do at the Scene of an Accident (Insurance Information Institute)
- Auto Insurance for Teen Drivers (Insurance Information Institute)