2016 GMC Yukon XL Car Insurance Quotes

Did you fall for a flashy sales pitch and buy an overpriced insurance coverage policy? Believe me when I say many drivers have buyer’s remorse. Drivers have many car insurance companies to pick from, and although it’s a good thing to have multiple companies, too many choices makes it more difficult to adequately compare rates.

It’s smart to get comparison quotes every six months since prices change quite often. If you had the lowest rates on Yukon XL coverage a couple years back other companies may now be cheaper. Forget all the misinformation about insurance coverage because you’re about to learn how to quote online to find great coverage at a great price.

Compare car insurance rate quotes online

Finding cheap 2016 GMC Yukon XL car insurance quotes is actually easier than you may think. All you need to do is take a couple of minutes to compare rate quotes to find out which insurance company has affordable auto insurance quotes. Comparing prices online can be done in just a few minutes using one of these methods.

  1. The easiest and least time consuming way to find low rates would be an industry-wide quote request form like this one (opens in new window). This method keeps you from doing separate forms for each company. One simple form will get you rate comparisons instantly.
  2. A more time consuming way to shop for car insurance online is going to the website for every company you want to comare and repeat the quote process. For sake of this example, we’ll assume you are doing a rate comparison from Nationwide, 21st Century and Farmers. In order to get each rate, you would have to spend time going to each site individually to enter the same coverage data repeatedly, which can be really labor intensive.

    For a list of links to insurance companies in your area, click here.

Which method you use is up to you, but do your best to enter equivalent quote data for each price quote. If the quotes have different limits and deductibles on each one it’s not possible to find the best deal for your GMC Yukon XL.

Insurance rates and discounts

Auto insurance companies don’t list every disount available very clearly, so we took the time to find some of the best known and the more hidden credits that may apply to you.

  • Theft Prevention Discount – Cars and trucks that have factory anti-theft systems have a lower chance of being stolen so companies will give you a small discount.
  • Save over 55 – If you qualify as a senior citizen, you can possibly qualify for reduced rates on Yukon XL coverage.
  • Active Military Service – Being on active deployment in the military could qualify you for better premium rates.
  • Payment Method – If you pay your entire premium ahead of time instead of making monthly payments you could save 5% or more.
  • Defensive Driver Discount – Taking time to complete a course in defensive driving may get you a small discount depending on where you live.
  • Good Students Pay Less – Excelling in school can be rewarded with saving of up to 25%. Earning this discount can benefit you up until you turn 25.
  • Home Ownership Discount – Just being a homeowner can get you a discount because owning a home is proof of financial responsibility.

As a sidenote, most discount credits are not given to your bottom line cost. Most cut the cost of specific coverages such as comp or med pay. Despite the appearance that adding up those discounts means a free policy, company stockholders wouldn’t be very happy.

A partial list of companies that may include these money-saving discounts may include but are not limited to:

If you are trying to find cheaper auto insurance quotes, ask all companies you are considering how you can save money. Some of the earlier mentioned discounts might not apply everywhere. To find providers that can offer you the previously mentioned discounts, follow this link.

Why smart consumers pay less for GMC Yukon XL insurance

Multiple criteria are part of the calculation when premium rates are determined. Some factors are common sense such as your driving record, but other criteria are more transparent such as your credit history or how safe your car is.Consumers need to have an understanding of some of the factors that play a part in calculating the level of your policy premiums. If you understand what influences your rates, this helps enable you to make changes that may reward you with lower premium levels.

The factors shown below are some of the factors used by your company to calculate rates.

  • How do annual miles impact prices? – Driving a lot of miles in a year’s time the more you’ll pay to insure your vehicle. The majority of insurers calculate prices partially by how you use the vehicle. Vehicles not used for work or commuting cost less to insure as compared to vehicles used primarily for driving to work. Incorrect rating for your Yukon XL can result in significantly higher rates. Verify your insurance declarations sheet reflects the correct driver usage.
  • Lower stress equals lower rates – Occupations such as military personnelair traffic controllers and dentists are shown to have higher premiums than the average policyholder in part from high stress levels and lots of time spent away from family. On the flip side, occupations like farmers, athletes and retirees receive lower rates on Yukon XL coverage.
  • Urban areas may pay more – Having an address in a rural area can be a good thing when buying insurance. Urban drivers have to deal with congested traffic and more time behind the wheel. Fewer drivers and short commutes means less chance of accidents and also fewer theft and vandalism claims.
  • Liability coverage risk factors in – Liability insurance provides coverage when you are found liable for personal injury or accident damage. This coverage provides legal defense which can be incredibly expensive. This coverage is very inexpensive when compared to the cost of physical damage coverage, so buy as much as you can afford.
  • Do you need those extra policy coverages? – There are a ton of extra coverages that can add up but may not be useful. Insurance for replacement cost coverage, accident forgiveness, and additional equipment coverage may be wasting your money. These coverages may sound good at first, but if you don’t need them get rid of them and save.

Situations that may require an agent’s advice

When it comes to choosing proper insurance coverage for your personal vehicles, there really is not a “best” method to buy coverage. Each situation is unique so this has to be addressed. For example, these questions may help highlight if your insurance needs might need an agent’s assistance.

  • Can I rate high risk drivers on liability-only vehicles?
  • Should I buy full coverage?
  • Am I covered if I break a side mirror?
  • Can I rent a car in Mexico?
  • What is the rate difference between pleasure use and commuting?
  • Do I need medical payments coverage since I have good health insurance?

If it’s difficult to answer those questions then you might want to talk to an agent. To find an agent in your area, complete this form or click here for a list of insurance companies in your area. It is quick, free and can provide invaluable advice.

Save $388 a year. For real?

Drivers can’t avoid all the ads that promise big savings for switching from companies such as State Farm, Allstate and Geico. They all seem to tend to make the same promise that people will save if you just switch to them.

It sounds good, but how can they all save you money?

Most companies quote the lowest rates for a prospective insured that will not have excessive claims. One example of this type of driver might have to be over the age of 50, carries high limits, and chooses high deductibles. A customer that hits that “sweet spot” gets the lowest rates and therefore will save if they switch.

People who don’t qualify for those standards will see higher premiums which leads to the customer not purchasing. If you listen closely, the ads state “people who switch” not “everyone who quotes” save the amount stated. That’s the way insurance companies can confidently claim big savings. Because of the profiling, you absolutely need to quote coverage with many companies. You cannot predict the company that will have better prices than you’re paying now.

Specific coverages for a GMC Yukon XL

Having a good grasp of insurance helps when choosing which coverages you need for your vehicles. Insurance terms can be confusing and nobody wants to actually read their policy. Shown next are typical coverage types found on most insurance policies.

Coverage for collisions

Collision coverage pays for damage to your Yukon XL 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 protects against claims like driving through your garage door, colliding with a tree and crashing into a ditch. Collision coverage makes up a good portion of your premium, so consider removing coverage from vehicles that are older. Another option is to choose a higher deductible to get cheaper collision coverage.

Comprehensive coverage (or Other than Collision)

Comprehensive insurance covers damage from a wide range of events other than collision. You first must pay your deductible and then insurance will cover the rest of the damage.

Comprehensive insurance covers claims like damage from getting keyed, theft and rock chips in glass. The highest amount your insurance company will pay is the actual cash value, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.

Uninsured Motorist or Underinsured Motorist insurance

This coverage gives you protection when the “other guys” either are underinsured or have no liability coverage at all. This coverage pays for injuries to you and your family as well as your vehicle’s damage.

Due to the fact that many drivers have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages is important protection for you and your family.

Liability coverages

Liability coverage will cover damage that occurs to other’s property or people by causing an accident. This insurance protects YOU against other people’s claims, and does not provide coverage for damage to your own property or vehicle.

Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have values of 25/50/25 that translate to a limit of $25,000 per injured person, a total of $50,000 of bodily injury coverage per accident, and a total limit of $25,000 for damage to vehicles and property.

Liability insurance covers things like loss of income, court costs, emergency aid and legal defense fees. How much liability should you purchase? That is up to you, but consider buying higher limits if possible.

Insurance for medical payments

Med pay and PIP coverage provide coverage for expenses for chiropractic care, pain medications, ambulance fees and prosthetic devices. They are often used to fill the gap from your health insurance policy or if there is no health insurance coverage. Medical payments and PIP cover both the driver and occupants as well as being hit by a car walking across the street. PIP is not available in all states and may carry a deductible

Find Good Coverage for Less

You just read many tips how you can save on 2016 GMC Yukon XL insurance. The key thing to remember is the more companies you get prices for, the better chance you’ll have of finding affordable auto insurance. You may even discover the lowest premium rates are with some of the lesser-known companies. These companies may have significantly lower prices on certain market segments than their larger competitors like State Farm, Geico and Nationwide.

When trying to cut insurance costs, it’s very important that you do not buy lower coverage limits just to save a few bucks. There have been many situations where consumers will sacrifice comprehensive coverage or liability limits to discover at claim time they didn’t have enough coverage. The proper strategy is to purchase a proper amount of coverage at the best possible price while not skimping on critical coverages.

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