Would you like an easy way to compare low-cost GMC Terrain insurance in Honolulu? Have you fallen victim to an underperforming, overpriced insurance policy? It's a common feeling and there are a lot of people in Honolulu just like you who feel imprisoned by their insurance policy.

Insurance for GMC TerrainA recent NerdWallet.com study revealed that a large majority of drivers in Hawaii have purchased from the same company for four years or more, and virtually 40% of consumers have never shopped around. With the average premium in America being $1,847, drivers can save hundreds of dollars each year just by shopping around, but they just don't understand how easy it is to save money by comparing rate quotes.

Big-name insurance companies like State Farm, Progressive and GEICO persitently shower you with TV and radio ads and consumers find it hard to ignore the propaganda and do the work needed to find the best deal.

Consumers need to compare premium rates at least once a year because prices are variable and change quite frequently. Just because you found the lowest rates on GMC Terrain insurance in Honolulu a couple years back there is a good chance you can find better premium rates now. You'll find a ton of advice on Terrain insurance on the internet, but in just a couple of minutes you can learn some of the best techniques to lower your insurance bill.

Get cheaper GMC Terrain insurance in Honolulu with discounts

Insurance is not cheap nor is it fun to buy but you might be missing out on some discounts that can help lower your rates. Some of these discounts will be visible at the time of quoting, but some need to be requested specifically in order for you to get them.

Please keep in mind that many deductions do not apply to the entire cost. Some only apply to the cost of specific coverages such as physical damage coverage or medical payments. Just because it seems like you can get free auto insurance, that's just not realistic. Any qualifying discounts will definitely lower the amount you have to pay.

To view insurance companies with discount insurance rates in Hawaii, click here to view.

When price shopping your coverage, comparing more rates from different companies will increase your chances of finding a lower rate. Not every company allows you to get online rate quotes, so you should also compare rates from them, too.

The companies shown below provide free quotes in Honolulu, HI. If multiple providers are shown, we suggest you click on several of them in order to get a fair rate comparison.

GMC Terrain Insurance Rates in Honolulu, HI
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Terrain SLE 2WD $158 $286 $212 $12 $64 $732 $61
Terrain SLE AWD $228 $412 $226 $14 $68 $948 $79
Terrain SLT 2WD $146 $278 $216 $12 $64 $716 $60
Terrain SLT AWD $198 $418 $254 $16 $76 $962 $80
Get Your Own Custom Quote Go

Table data assumes single male driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Hawaii minimum liability limits. Discounts applied include safe-driver, multi-vehicle, homeowner, multi-policy, and claim-free. Rate quotes do not factor in specific zip code location which can alter coverage rates considerably.

Does full coverage make sense?

The example below illustrates the difference between GMC Terrain auto insurance costs with full physical damage coverage compared to only buying the minimum liability limits required in Hawaii. The rates are based on no accidents, no driving violations, $1,000 deductibles, married male driver, and no additional discounts are factored in.

When to drop comprehensive and collision coverage

There isn't a written rule of when to drop physical damage insurance, but there is a general school of thought. If the annual cost of comprehensive and collision coverage is 10% or more of the settlement you would receive from your company, then you may want to consider only buying liability coverage.

For example, let's say your GMC Terrain replacement value is $6,000 and you have $1,000 full coverage deductibles. If your vehicle is damaged in an accident, you would only receive $5,000 after the policy deductible has been paid. If you are paying in excess of $500 a year for physical damage coverage, then it may be the right time to buy liability only.

There are a few situations where buying only liability insurance is not advised. If you still have a loan on your vehicle, you have to carry full coverage in order to prevent your loan from defaulting. Also, if your savings is not enough to buy a different vehicle in the even your car is totaled, you should not drop full coverage.

Higher deductibles lower rates

One common question asked by Honolulu drivers is how high or low should comp and collision deductibles be. The comparisons below may aid in understanding the differences in price between low and high deductibles. The first rate quote example uses a $250 deductible for comp and collision and the second price table uses a $1,000 deductible.

GMC Terrain insurance premium estimates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Terrain SLE 2WD $204 $344 $226 $14 $68 $881 $73
Terrain SLE AWD $204 $344 $226 $14 $68 $881 $73
Terrain SLT 2WD $230 $406 $226 $14 $68 $969 $81
Terrain SLT AWD $230 $406 $226 $14 $68 $969 $81
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GMC Terrain insurance premium estimates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Terrain SLE 2WD $126 $216 $226 $14 $68 $650 $54
Terrain SLE AWD $126 $216 $226 $14 $68 $650 $54
Terrain SLT 2WD $142 $256 $226 $14 $68 $706 $59
Terrain SLT AWD $142 $256 $226 $14 $68 $706 $59
Get Your Own Custom Quote Go

Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Hawaii minimum liability limits. Discounts applied include claim-free, safe-driver, multi-policy, multi-vehicle, and homeowner. Prices do not factor in vehicle garaging location which can change insurance rates significantly.

We can estimate from the data above that using a $250 deductible costs an average of $20 more each month or $240 annually than selecting the higher $1,000 deductible. Since the policyholder would be required to pay $750 more to settle a claim with a $1,000 deductible as compared to a $250 deductible, if you normally go more than 38 months between claims, you would save money going with the higher deductible.

Calculation for raising deductibles

Average monthly premium for $250 deductibles: $77
Average monthly premium for $1,000 deductibles (subtract): - $57
Monthly savings from raising deductible: $20
Difference between deductibles ($1,000 - $250): $750
Divide difference by monthly savings: $750 / $20
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 38 months

One thing to note is that raising deductibles results in having to pay to pay more out-of-pocket at claim time. That will require some available funds in the event you need to pay more for the deductible.

Irresponsible driving raises your rates

The information below highlights how traffic violations and at-fault claims can affect GMC Terrain insurance rates for different age groups of insureds. The data is based on a single male driver, full physical damage coverage, $1,000 deductibles, and no additional discounts are factored in.

Six factors that determine insurance costs

Multiple criteria are part of the equation when you get your auto insurance bill. Some of the criteria are obvious like a motor vehicle report, but some are more obscure such as whether you are married or your vehicle rating.

Good credit saves on insurance - Having a good credit rating is a big factor in determining your rates. Insureds that have very good credit scores tend to file fewer claims and have better driving records than drivers with worse credit. If your credit score can use some improvement, you could save money insuring your GMC Terrain if you improve your credit rating.

Frequent insurance claims will cost you - If you are the type of insured that files lots of claims you can expect increased rates or even have your policy non-renewed. Insurance companies in Hawaii provide better rates to people who do not file claims often. Your car insurance is intended to be relied upon for larger claims.

Your career may increase premiums - Did you know your insurance rates can be affected by your occupation? Occupational choices like doctors, air traffic controllers, and emergency personnel are shown to have higher premium rates attributed to intense work requirements and lengthy work days. Conversely, careers such as actors, athletes and retirees have lower than average premiums.

Save by driving cars with good safety ratings - Cars with five star safety ratings tend to have lower insurance rates. Safer cars protect occupants better and reduced instances of injuries means lower claim amounts and lower rates for you. If the GMC Terrain scored at minimum an "acceptable" rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website it is probably cheaper to insure.

The type of car you drive affects your prices - The performance level of the car you are buying insurance for makes a substantial difference in how high your rates are. The best insurance prices will normally be found when insuring lower performance four cylinder passenger cars, but there are many factors that impact the final cost. Since the GMC Terrain is considered a standard SUV, rates will be slightly more compared to average rates in Honolulu.

Premiums drop with age - Older, more experienced drivers are proven to be safer behind the wheel, file fewer claims, and usually have better credit.Beginning drivers are statistically shown to be less responsible when driving and because of this, their insurance rates are much higher.

Loss probability for a GMC Terrain - Auto insurance companies factor in historical loss data to help determine costs. Models that the data shows to have higher prevalence or dollar amount of losses will cost more for coverage. The table below outlines the collected loss data for GMC Terrain vehicles.

For each type of coverage, the claim amount for all vehicles compiled together is represented as 100. Percentage values below 100 imply a favorable loss record, while numbers shown that are more than 100 point to more frequent losses or an increased chance of a larger loss.

GMC Terrain Insurance Loss Statistics

Make and 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

Car insurance agents can help

A small number of people still like to buy from a licensed agent and that is recommended in a lot of cases One of the best bonuses of comparing insurance online is that you can find cheap insurance quotes but still work with a licensed agent.

Honolulu insurance agentsTo help locate an agent, after submitting this quick form, your coverage information is transmitted to insurance agents in Honolulu that provide free Honolulu car insurance quotes for your coverage. You won't even need to search for any insurance agencies due to the fact that quote results will go directly to you. Get lower rates without having to waste a lot of time. If for some reason you want to compare prices for a specific company, you can always jump over to their website and give them your coverage information.

Selecting an insurer requires more thought than just the quoted price. The questions below may impact your decision as well.

Shown below is a short list of auto insurance companies in Honolulu who can help you get price quotes for GMC Terrain insurance in Honolulu.

1284 Kalani St d108 - Honolulu, HI 96817 - (808) 845-0069 - View Map

1370 N King St - Honolulu, HI 96817 - (808) 845-9026 - View Map

1221 Kapiolani Blvd #1015 - Honolulu, HI 96814 - (808) 593-9288 - View Map

819 S Beretania St - Honolulu, HI 96813 - (808) 539-1600 - View Map

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Once you have answers to your satisfaction to these questions and an affordable coverage quote, it's possible that you found an provider that is reliable enough to service your policy. Just keep in mind you can always cancel a policy when you choose so never assume that you are obligated to any specific agency for the full term.

Here's why auto insurance is not optional

Even though it can be expensive, insuring your vehicle is required by state law in Hawaii and it also provides benefits you may not be aware of.

First, just about all states have minimum mandated liability insurance limits which means you are required to buy specific minimum amounts of liability in order to drive the car. In Hawaii these limits are 20/40/10 which means you must have $20,000 of bodily injury coverage per person, $40,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.

Second, if you have a lien on your Terrain, most lenders will make it mandatory that you carry insurance to ensure they get paid if you total the vehicle. If you cancel or allow the policy to lapse, the lender will be forced to insure your GMC at a much higher premium rate and require you to pay a much higher amount than you were paying before.

Third, insurance safeguards not only your vehicle but also your financial assets. Insurance will pay for medical expenses for not only you but also any passengers injured in an accident. Liability insurance will also pay to defend you if you are named as a defendant in an auto accident. If your vehicle suffers damage from an accident or hail, collision and comprehensive coverages will pay to restore your vehicle to like-new condition.

The benefits of carrying adequate insurance are without a doubt worth the cost, especially when you need to use it. In a recent study of 1,000 drivers, the average customer is wasting up to $830 a year so we recommend shopping around at every renewal to ensure rates are inline.

Don't give up on cheaper rates

When buying insurance coverage, you should never buy poor coverage just to save money. In too many instances, an accident victim reduced liability coverage limits to discover at claim time that the small savings ended up costing them much more. The proper strategy is to get the best coverage possible at the best price but still have enough coverage for asset protection.

We just showed you many ideas to shop for GMC Terrain insurance online. The most important thing to understand is the more times you quote, the better your chances of lowering your car insurance rates. You may even be surprised to find that the biggest savings come from a smaller regional carrier. Smaller companies may only write in your state and offer lower car insurance rates than their larger competitors like Allstate, GEICO and Progressive.

There are still a few companies who don't offer online quoting and these smaller providers work with independent insurance agents. Lower-priced GMC Terrain insurance in Honolulu can be sourced from both online companies and also from your neighborhood Honolulu agents, and you need to comparison shop both in order to have the best price selection to choose from.

Additional information can be found on the following sites: