The GMC Terrain is one of the best mid-size crossover SUVs in the market right now. Since its launch in 2009, the sales of this 5-door crossover have been on an upward slope. Having sold more than 90,000 units in 2012, this GMC car is now a major contender in the mid-size crossover segment.
With the exception of Louisiana and Michigan, insurance rates for a used Terrain are low in a majority of the states. Apart from these two states, where the average annual insurance rates are $2084 and $2178, the rest of the country pays less than $1800 to insure the Terrain for a year. This makes the Terrain a great buy in the used car market.
Let us consider the median price and average insurance of the Terrain in a few states. The insurance percentage shown in the table below is the percentage of the median price that a user car buyer pays to insure the Terrain.
|State||Insurance Average ($)||Median Price ($)||Insurance Percentage (%)|
As you can see, insuring a Terrain in Maine is extremely affordable. The good news is that it is affordable in most of the states, not just Maine. Maine has a reputation for consistent low auto insurance rates, and an average annual insurance rate as low as $797 is not a phenomenon in Maine; it is the norm. The high rates of insurance in Louisiana and Michigan are also consistent with the pattern of insurance in these states. However, compared to other mid-size cars, the Terrain is still cheaper to insure here. To insure a Honda Accord, for instance, one would have shell out an annual average of $4,347 in Detroit. A simple calculation of the insurance costs and median prices in the different states is recommended before you buy the car. While your insurance costs are non-negotiable, you could lower the cost of your vehicle by buying it from another state.