If you want to save money, the best way to get budget GMC Acadia insurance is to do a yearly price comparison from different companies who provide car insurance in Virginia Beach. Rates can be compared by completing these steps.
First, spend a few minutes and learn about what is in your policy and the measures you can take to drop your rates. Many things that result in higher prices like speeding tickets, careless driving and an imperfect credit history can be improved by paying attention to minor details. Continue reading for more ideas to help prevent expensive coverage and find possible discounts that are available.
Second, get rate quotes from direct, independent, and exclusive agents. Direct and exclusive agents can provide rates from a single company like Progressive or State Farm, while agents who are independent can give you price quotes for many different companies. Start a quote
Third, compare the new rate quotes to your current policy premium and see if you can save money. If you find a better price and make a switch, make sure there is no lapse in coverage.
Fourth, notify your company or agent to cancel your existing policy and submit the completed application along with a down payment to your new carrier. As soon as you can, place your new certificate verifying coverage along with your vehicle registration.
A good tip to remember is to use the same amount of coverage on every quote request and and to get rate quotes from as many car insurance companies as possible. Doing this enables a fair price comparison and the best rate selection.
A study showed that most insurance buyers have purchased from the same company for at least the last four years, and approximately 40% of consumers have never compared rate quotes at all. Virginia insurance shoppers could cut their rates by about 45% a year by just comparing quotes, but most tend to underestimate the amount of savings they would get if they moved their coverage to a different company.
Buying the cheapest insurance in Virginia Beach is really quite easy. If you have a policy now, you will surely be able to get lower rates using this strategy. Nevertheless, Virginia consumers need to learn the way companies determine prices and apply this information to your search.
When comparison shopping, comparing all the rates in your area will increase your chances of finding better pricing. Some companies don’t provide Virginia Beach Acadia insurance quotes over the internet, so you need to compare quotes on coverage from those companies, too.
The companies shown below can provide free quotes in Virginia Beach, VA. If you wish to find cheaper auto insurance in Virginia Beach, VA, we recommend you visit several of them to get a more complete price comparison.
Insurance is not optional in Virginia
Despite the fact that insurance is not cheap in Virginia Beach, insurance serves several important purposes.
- Just about all states have minimum mandated liability insurance limits which means state laws require a minimum amount of liability coverage in order to be legal. In Virginia these limits are 25/50/20 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $20,000 of property damage coverage.
- If you bought your GMC with a loan, most banks will require that you have comprehensive coverage to guarantee loan repayment. If the policy lapses, the lender will be forced to insure your GMC at a much higher premium rate and force you to reimburse them the higher price.
- Insurance preserves your car and your assets. It will also pay for many types of medical costs for both you and anyone you injure as the result of an accident. Liability coverage, the one required by state law, also covers legal expenses if you are sued as the result of your driving. If damage is caused by hail or an accident, comprehensive (other-than-collision) and collision coverage will pay all costs to repair after the deductible has been paid.
The benefits of carrying enough insurance are without a doubt worth the cost, particularly for liability claims. According to a 2015 survey, the average American driver overpays more than $750 every year so we recommend shopping around at every renewal to ensure rates are competitive.
Insurance coverage details
The price information shown below showcases detailed analysis of insurance rates for GMC Acadia models. Understanding more about how auto insurance prices are figured is important to be able to make informed decisions when comparing rate quotes.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Acadia SL 2WD | $136 | $250 | $334 | $20 | $100 | $840 | $70 |
| Acadia SL AWD | $156 | $250 | $334 | $20 | $100 | $860 | $72 |
| Acadia SLE 2WD | $156 | $250 | $334 | $20 | $100 | $860 | $72 |
| Acadia SLE AWD | $156 | $306 | $334 | $20 | $100 | $916 | $76 |
| Acadia SLT 2WD | $156 | $306 | $334 | $20 | $100 | $916 | $76 |
| Acadia SLT AWD | $176 | $306 | $334 | $20 | $100 | $936 | $78 |
| Get Your Own Custom Quote Go | |||||||
Price data assumes single female driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Virginia minimum liability limits. Discounts applied include safe-driver, multi-policy, claim-free, homeowner, and multi-vehicle. Prices do not factor in Virginia Beach location which can raise or lower premiums considerably.
Comparison of policy deductibles
One of the most common auto insurance questions is how high should the deductibles for physical damage be. The rates below can help show the price difference when you buy lower versus higher physical damage coverage deductibles. The first set of prices uses a $250 deductible and the second set of rates uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Acadia SL 2WD | $174 | $276 | $258 | $16 | $78 | $827 | $69 |
| Acadia SL AWD | $198 | $276 | $258 | $16 | $78 | $851 | $71 |
| Acadia SLE 2WD | $198 | $276 | $258 | $16 | $78 | $851 | $71 |
| Acadia SLE AWD | $198 | $336 | $258 | $16 | $78 | $911 | $76 |
| Acadia SLT 2WD | $198 | $336 | $258 | $16 | $78 | $911 | $76 |
| Acadia SLT AWD | $224 | $336 | $258 | $16 | $78 | $937 | $78 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Acadia SL 2WD | $108 | $174 | $258 | $16 | $78 | $634 | $53 |
| Acadia SL AWD | $122 | $174 | $258 | $16 | $78 | $648 | $54 |
| Acadia SLE 2WD | $122 | $174 | $258 | $16 | $78 | $648 | $54 |
| Acadia SLE AWD | $122 | $210 | $258 | $16 | $78 | $684 | $57 |
| Acadia SLT 2WD | $122 | $210 | $258 | $16 | $78 | $684 | $57 |
| Acadia SLT AWD | $138 | $210 | $258 | $16 | $78 | $700 | $58 |
| Get Your Own Custom Quote Go | |||||||
Data variables include married male driver age 30, no speeding tickets, no at-fault accidents, and Virginia minimum liability limits. Discounts applied include homeowner, multi-vehicle, safe-driver, claim-free, and multi-policy. Information does not factor in garaging location in Virginia Beach which can revise coverage rates substantially.
We can estimate from the data above that using a $250 deductible will cost you roughly $18 more each month or $216 for a full year than opting for the higher $1,000 deductible. Since the policyholder would be required to pay $750 more to file a claim with a $1,000 deductible as compared to a $250 deductible, if you have more than 42 months between claims, you would more than likely save some money if you opt for a higher deductible.
Calculate deductible break even point
| Average monthly premium for $250 deductibles: | $74 |
| Average monthly premium for $1,000 deductibles (subtract): | – $56 |
| Monthly savings from raising deductible: | $18 |
| Difference between deductibles ($1,000 – $250): | $750 |
| Divide difference by monthly savings: | $750 / $18 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 42 months |
The chart below demonstrates how deductible levels and can affect GMC Acadia insurance costs for each age group. The rate quotes are based on a married male driver, comprehensive and collision coverage, and no discounts are applied.
Full coverage versus liability-only in Virginia Beach
The diagram below shows the comparison of GMC Acadia insurance prices with full coverage and liability only. The rate quotes are based on no violations or claims, $100 deductibles, drivers are single, and no additional discounts are factored in.
Should you buy full coverage or liability only?
There is no clear-cut formula of when to exclude comp and collision coverage, but there is a guideline you can use. If the yearly cost of full coverage is more than around 10% of replacement cost minus your deductible, then it’s probably a good time to buy liability coverage only.
For example, let’s say your GMC Acadia replacement cost is $9,000 and you have $1,000 physical damage deductibles. If your vehicle is severely damaged, the most you would receive is $8,000 after paying your policy deductible. If premium cost is more than $800 annually for physical damage coverage, then you might want to think about dropping full coverage.
There are a few cases where only buying liability is not in your best interest. If you haven’t satisfied your loan, you have to maintain full coverage as part of the loan requirements. Also, if your finances do not allow you to purchase a different vehicle in the even your car is totaled, you should keep full coverage on your policy.
Virginia Beach auto insurance discounts
Some insurers don’t necessarily list all possible discounts very clearly, so the next list breaks down a few of the more common and the harder-to-find discounts that may be available. If you do not double check each discount possible, you could be saving more on your auto insurance.
- Policy Bundle Discount – When you combine your auto and homeowners insurance with one company you will save up to 20% and get you cheap Acadia insurance.
- Student in College – Older children who are enrolled in a college that is more than 100 miles from Virginia Beach and leave their car at home may qualify for this discount.
- Mature Driver Discount – If you qualify as a senior citizen, you could receive a slight reduction on a Virginia Beach auto insurance quote.
- No Accidents – Drivers with accident-free driving histories pay much less compared to insureds who have frequent claims or accidents.
- Own a Home and Save – Owning a house in Virginia Beach may earn you a small savings because of the fact that having a home means you have a higher level of financial diligence.
Please keep in mind that most discounts do not apply to the entire cost. A few only apply to the cost of specific coverages such as medical payments or collision. Despite the appearance that having all the discounts means you get insurance for free, company stockholders wouldn’t be very happy.
The information below illustrates the difference between GMC Acadia car insurance rates with and without discounts. The information is based on a male driver, no violations or accidents, Virginia state minimum liability limits, full physical damage coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, homeowner, safe-driver, claim-free, multi-car, and multi-policy discounts applied.
To see insurance companies who offer online GMC Acadia insurance quotes in Virginia Beach, click here to view.
When to talk to an agent
A lot of people prefer to buy from a licensed agent and that is recommended in a lot of cases A good thing about comparing rate quotes online is you can get lower rates and also buy local.
After filling out this form (opens in new window), the coverage information gets sent to local insurance agents who can give free rate quotes and help you find cheaper coverage. You won’t even need to search for an agent because prices are sent immediately to you. Get lower rates without the usual hassles of price shopping. If you have a need to get a comparison quote from a specific company, just navigate to their website to submit a rate quote request.
Picking an company needs to be determined by more than just a low price. Below are some questions you should ask.
- How many years have they been established?
- Will the agent or a CSR service your policy?
- Will the quote change when the policy is issued?
- Can they give you a list of client referrals?
- Do they have adequate Errors and Omissions coverage? This protects you if they make a mistake.
- How does the company pay claims for a total loss?
If you’re trying to find a good insurance agency, there are a couple of different types of agents and how they can service your needs differently. Virginia Beach agents may be either independent agents or exclusive agents.
Exclusive Insurance Agencies
Agents of this type can only quote rates from one company such as Farmers Insurance, State Farm, or Allstate. These agents are not able to compare other company’s rates so keep that in mind. Exclusive agents are very knowledgeable on their company’s products and that enables them to sell even at higher rates.
The following is a short list of exclusive insurance agencies in Virginia Beach that can give you price quote information.
Aubrey Pithwa – State Farm Insurance Agent
562 Lynnhaven Pkwy #201 – Virginia Beach, VA 23452 – (757) 227-9700 – View Map
Jane Peak – State Farm Insurance Agent
315 N Great Neck Rd #220 – Virginia Beach, VA 23454 – (757) 340-8060 – View Map
Lee Barnes – State Farm Insurance Agent
1625 Salem Rd Ste 103 – Virginia Beach, VA 23456 – (757) 467-8890 – View Map
Independent Car Insurance Agents
These type of agents are not restricted to one company and that enables them to quote your coverage with a variety of different insurance companies and get you the best rates possible. If they find a cheaper price, your agent can switch companies and you don’t have to find a new agent. When comparing car insurance rates, you need to get rate quotes from at least one independent agent to get the most accurate price comparison.
Shown below is a short list of independent insurance agencies in Virginia Beach who can help you get price quotes.
Bordeaux Insurance Agency
4654 Haygood Rd – Virginia Beach, VA 23455 – (757) 460-6220 – View Map
WBR Insurance
3213 Virginia Beach Blvd – Virginia Beach, VA 23452 – (757) 340-0028 – View Map
Nationwide Insurance: Chesson Insurance Agency Inc
307 Lynnhaven Pkwy Ste 201 – Virginia Beach, VA 23452 – (757) 464-4443 – View Map
After getting answers to your satisfaction for all questions you ask and the cheapest GMC Acadia insurance in Virginia Beach quotes, most likely you have located an insurance agency that is reliable enough to properly service your car insurance policy.
What is the best insurance coverage?
Keep in mind that when it comes to choosing insurance from an agent or online for your vehicles, there really is no “perfect” insurance plan. Your needs are not the same as everyone else’s.
For example, these questions may help you determine whether or not you could use an agent’s help.
- Is borrowed equipment or tools covered if stolen or damaged?
- Can I get a multi-policy discount for packaging my home and auto coverage?
- Am I covered by my spouse’s policy after a separation?
- Does insurance cover tools stolen from my truck?
- Are split liability limits better than a combined single limit?
- Am I covered by my employer’s commercial auto policy when driving my personal car for business?
If you’re not sure about those questions, then you may want to think about talking to an insurance agent. If you don’t have a local agent, take a second and complete this form.
In conclusion
Consumers who switch companies do it for many reasons like high rates after DUI convictions, lack of trust in their agent, delays in paying claims and even extreme rates for teen drivers. Regardless of your reason for switching companies, finding a new car insurance company is not as difficult as it may seem.
Lower-priced GMC Acadia insurance in Virginia Beach is definitely available both online and also from your neighborhood Virginia Beach agents, and you should compare rates from both to have the best chance of lowering rates. Some insurance providers may not provide internet price quotes and many times these small, regional companies provide coverage only through independent insurance agents.
As you go through the steps to switch your coverage, you should never buy poor coverage just to save money. There have been many cases where drivers have reduced comprehensive coverage or liability limits only to discover later that it was a big mistake. Your objective should be to purchase plenty of coverage at an affordable rate but still have enough coverage for asset protection.
More information is available at these links:
- Bodily Injury Coverage (Liberty Mutual)
- Who Has the Cheapest Car Insurance Quotes for Welfare Recipients in Virginia Beach? (FAQ)
- Who Has Cheap Car Insurance for College Graduates in Virginia Beach? (FAQ)
- What Car Insurance is Cheapest for Handicapped Drivers in Virginia Beach? (FAQ)
- How Much is Virginia Beach Auto Insurance for High Mileage Drivers? (FAQ)
- Credit Impacts Car Insurance Rates (State Farm)
- Crash Avoidance Technologies FAQ (iihs.org)
- Side Impact Crash Tests (iihs.org)