How Much Does 2002 GMC Yukon Insurance Cost?

Confused by the number of insurance coverage choices? You’re not alone. There are so many companies to choose from that it can quickly become more work than you anticipated to find the lowest price.

It’s a great practice to do rate comparisons quite often because rates are rarely the same from one policy term to another. If you had the best price on Yukon insurance a couple years back there may be better deals available now. Starting now, ignore everything you know about insurance coverage because you’re going to get a crash course in the only way to save on insurance coverage.

How to Lower Your Insurance Cost

Comparing insurance rates can be exhausting if you aren’t aware of the easiest way. You can spend countless hours talking to local insurance agents in your area, or you could use the web to maximize your effort.

Many popular insurance companies participate in a marketplace that enables customers to enter their policy data once, and at least one company can provide price quotes based on the submitted data. This saves time by eliminating form submissions for each company.

To fill out one form to compare multiple rates now click here to open in new window.

The only downside to using this type of system is that you can’t choose the companies to receive prices from. So if you prefer to pick from a list of companies for rate comparison, we have a listing of companies who write insurance in your area. Click here to view list.

Which method you use is up to you, but make darn sure you compare the exact same coverages on every quote you get. If you use different deductibles it will be very difficult to determine the lowest rate for your GMC Yukon. Slightly different insurance coverages may result in a large different in cost. Just keep in mind that comparing more company’s prices helps locate the best offered rates.

Tailor your coverage to you

When choosing the right insurance coverage for your vehicles, there really is not a “perfect” insurance plan. Your needs are not the same as everyone else’s.

These are some specific questions can aid in determining whether your personal situation might need an agent’s assistance.

  • Is upholstery damage covered by car insurance?
  • Can I still get insurance after a DUI?
  • Am I covered if I hit a deer?
  • Am I covered when driving a rental car?
  • Is extra glass coverage worth it?
  • Are my friends covered when driving my car?
  • Which is better, split liability limits or combined limits?
  • Does my policy cover my teen driver if they drive my company car?
  • Should I buy full coverage?
  • Am I missing any policy discounts?

If it’s difficult to answer those questions but one or more may apply to you, then you may want to think about talking to a licensed agent. If you don’t have a local agent, complete this form.

Educate yourself about auto insurance coverages

Having a good grasp of your policy aids in choosing the best coverages and proper limits and deductibles. Policy terminology can be ambiguous and coverage can change by endorsement.

Auto collision coverage

Collision insurance pays for damage to your Yukon resulting from a collision with another car or object. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision coverage pays for things such as driving through your garage door, hitting a mailbox and sustaining damage from a pot hole. This coverage can be expensive, so consider dropping it from vehicles that are older. Another option is to bump up the deductible to bring the cost down.

Comprehensive auto coverage

Comprehensive insurance will pay to fix damage OTHER than collision with another vehicle or object. You first must pay your deductible then your comprehensive coverage will pay.

Comprehensive coverage pays for things such as rock chips in glass, damage from flooding and fire damage. The most a auto insurance company will pay at claim time is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.

UM/UIM (Uninsured/Underinsured Motorist) coverage

Your UM/UIM coverage gives you protection when the “other guys” either have no liability insurance or not enough. Covered claims include injuries sustained by your vehicle’s occupants and also any damage incurred to your GMC Yukon.

Due to the fact that many drivers only purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is important protection for you and your family.

Medical payments and PIP coverage

Coverage for medical payments and/or PIP kick in for bills for things like nursing services, doctor visits and prosthetic devices. The coverages can be used to cover expenses not covered by your health insurance policy or if there is no health insurance coverage. Medical payments and PIP cover you and your occupants in addition to getting struck while a pedestrian. PIP coverage is only offered in select states but can be used in place of medical payments coverage

Auto liability insurance

This can cover damages or injuries you inflict on people or other property in an accident. This insurance protects YOU against other people’s claims, and doesn’t cover your own vehicle damage or injuries.

It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see liability limits of 50/100/50 which means $50,000 in coverage for each person’s injuries, a per accident bodily injury limit of $100,000, and a total limit of $50,000 for damage to vehicles and property.

Liability insurance covers things such as medical expenses, bail bonds, repair bills for other people’s vehicles and repair costs for stationary objects. How much coverage you buy is a personal decision, but buy as high a limit as you can afford.