Lower Your 1998 GMC Yukon Insurance Quotes

Are you irritated from not being able to afford to pay your car insurance bill each month? You are no different than many other people. Multiple insurers compete for your hard-earned dollar, and because of this it can be hard to compare car insurance companies to get the lowest rate

You need to check car insurance prices before your policy renews since prices fluctuate regularly. Just because you had the best deal for Yukon coverage a couple years back the chances are good that you can find a lower rate today. Forget all the misinformation about car insurance because you’re about to learn the best way to lower your annual insurance bill.

Informed decisions result in lower insurance costs

It’s important that you understand the factors that go into determining your premiums. When you understand what positively or negatively impacts your premiums, this enables informed choices that may result in cheaper rates.

  • Do you really need to file that policy claims? – Companies give the best rates to insureds that do not abuse their auto insurance. If you frequently file small claims, you can definitely plan on either higher rates or even cancellation. Auto insurance is intended for larger claims.
  • Bundle home and auto and save – Most larger insurance companies apply better rates to policyholders who carry more than one policy in the form of a multi-policy discount. The discount can be anywhere from five to ten percent in most cases. Even with this discount applied, it’s always a smart idea to compare other insurance prices to verify if the discount is saving money.
  • Limits of liability insurance – Your policy’s liability coverage provides coverage in the event that you are ruled to be at fault for causing damage or personal injury in an accident. It will provide you with a defense in court starting from day one. This coverage is relatively inexpensive compared to physical damage coverage, so do not cut corners here.
  • Tickets hurt – Careful drivers receive lower rates than bad drivers. Only having one speeding ticket could increase your next policy renewal by as much as thirty percent. Drivers who have license-revoking tickets such as DUI or willful reckless driving may be required to submit a SR-22 form with their state in order to continue driving.
  • Costs increase with policy add-ons – There are quite a few optional add-on coverages you can purchase if you aren’t careful. Coverages like coverage for rental cars, towing coverage, and extra life insurance coverage could be just wasting money. The coverages may be enticing when deciding what coverages you need, but if you don’t need them eliminate the coverages to reduce your premium.
  • Age of drivers – Young drivers are statistically shown to be inattentive and easily distracted when at the wheel of a vehicle so they pay higher car insurance rates. If you’ve ever had to add a teenage driver onto a policy will cause a huge premium hike. More experienced drivers are proven to be safer behind the wheel, file fewer claims and are safer drivers.

How to shop insurance coverage online

Performing a rate comparison can take hours if you don’t understand the easiest way. You can waste a few hours (or days) talking about coverages with insurance companies in your area, or you can stay home and use the web to get rates in a matter of minutes.

Many companies are enrolled in a marketplace where prospective buyers enter their policy data once, and every company then gives them pricing determined by their information. This eliminates the need for form submissions for every insurance coverage company.

To compare pricing click here (opens in new window).

The only drawback to comparing rates this way is you cannot specify the providers to get quotes from. So if you prefer to pick specific providers for rate comparison, we put together a list of the cheapest insurance coverage companies in your area. View list of insurance companies.

Take whichever approach you prefer, but ensure you are comparing the same coverage data on every quote. If you compare different coverage information it’s not possible to make an equal comparison.

Car insurance savings promises

Consumers get pounded daily by advertisements for car insurance savings from the likes of Progressive, GEICO, Allstate and State Farm. All the ads make the same claim that people will save just by moving your car insurance coverage to their company.

How is it plausible that every one can make almost identical claims? Here is how they do it.

All the different companies have a certain “appetite” for the type of driver that will most likely be profitable. One example of a profitable customer might be between 25 and 40, has had continuous coverage, and drives less than 10,000 miles a year. Someone who matches those parameters gets the lowest prices and as a result will probably save when switching.

Potential insureds who cannot meet these standards will have to pay a more expensive rate and this can result in business going elsewhere. The trick is to say “drivers that switch” not “everyone that quotes” can save as much as they claim. That is how insurance companies can make claims like that.

This illustrates why you absolutely need to get as many free insurance quotes as possible. Because you never know with any certainty which company will have the lowest rates.

Lower rate quotes by taking advantage of discounts

Insuring your fleet can be pricey, but there’s a good chance there are discounts to help bring down the price. Many discounts should be triggered when you quote, but a few need to be requested specifically prior to receiving the credit.

  • Active Service Discounts – Being deployed with a military unit can result in better premium rates.
  • Anti-lock Brakes – Vehicles equipped with ABS or steering control can avoid accidents and will save you 10% or more.
  • One Accident Forgiven – This one is not really a discount per se, but some companies like Liberty Mutual, Allstate and State Farm will allow you to have one accident without the usual rate increase if you have no claims prior to the accident.
  • Use Seat Belts – Using a seat belt and requiring all passengers to buckle up can save 10% or more on medical payment and PIP coverage.
  • Switch and Save Discount – Some auto insurance companies reward drivers for buying a policy prior to your current policy expiring. You may see this discount when you get insurance quotes online.
  • Passive Restraints and Air Bags – Factory air bags and/or automatic seat belt systems could see savings of 25 to 30%.
  • Senior Discount – If you’re over the age of 55, you may qualify for reduced rates for Yukon coverage.
  • Federal Employees – Being employed by or retired from a federal job could qualify for a slight premium decrease for Yukon coverage with certain companies.
  • Paperless Signup – Many auto insurance companies provide a small discount for buying your policy online.

While discounts sound great, it’s important to understand that most of the big mark downs will not be given to the entire cost. Most only apply to specific coverage prices like physical damage coverage or medical payments. Even though the math looks like all those discounts means the company will pay you, it doesn’t quite work that way.

A list of companies and their offered discounts are outlined below.

  • 21st Century discounts include homeowners, student driver, theft prevention, automatic seat belts, air bags, and teen driver.
  • Progressive policyholders can earn discounts including multi-policy, good student, continuous coverage, online signing, online quote discount, multi-vehicle, and homeowner.
  • State Farm may offer discounts for accident-free, safe vehicle, passive restraint, driver’s education, multiple policy, Drive Safe & Save, and Steer Clear safe driver discount.
  • Nationwide includes discounts for defensive driving, Farm Bureau membership, anti-theft, family plan, multi-policy, and easy pay.
  • Esurance offers discounts including online shopper, safety device, online quote, claim free, anti-lock brakes, anti-theft, and defensive driver.
  • The Hartford may include discounts for driver training, anti-theft, vehicle fuel type, air bag, and bundle.

If you need cheap insurance quotes, ask every insurance company to give you their best rates. Some credits might not be offered on policies everywhere.

How much insurance do I need?

When it comes to choosing proper insurance coverage for your vehicles, there really is no single plan that fits everyone. Your needs are not the same as everyone else’s and a cookie cutter policy won’t apply. These are some specific questions can aid in determining if your insurance needs could use an agent’s help.

  • Am I getting all the discounts available?
  • Are split liability limits better than a combined single limit?
  • Can my teen drive my company car?
  • Does coverage extend to a rental car in a foreign country?
  • Will my vehicle be repaired with OEM or aftermarket parts?
  • Do I need PIP (personal injury protection) coverage in my state?
  • Am I insured when driving a different vehicle?
  • Am I covered if I wreck a rental car?
  • Do I need motorclub coverage?

If you don’t know the answers to these questions, then you may want to think about talking to an agent. To find an agent in your area, fill out this quick form or click here for a list of insurance companies in your area. It’s fast, free and may give you better protection.

Auto insurance 101

Knowing the specifics of a car insurance policy can be of help when determining the right coverages and the correct deductibles and limits. Policy terminology can be impossible to understand and even agents have difficulty translating policy wording. Shown next are the usual coverages offered by car insurance companies.

Coverage for medical expenses

Medical payments and Personal Injury Protection insurance provide coverage for expenses for rehabilitation expenses, prosthetic devices, EMT expenses and ambulance fees. The coverages can be used to cover expenses not covered by your health insurance plan or if you lack health insurance entirely. They cover you and your occupants as well as if you are hit as a while walking down the street. PIP is not available in all states and gives slightly broader coverage than med pay

Collision insurance

This pays to fix your vehicle from damage caused by collision with a stationary object or other vehicle. You first must pay a deductible and the rest of the damage will be paid by collision coverage.

Collision can pay for claims like rolling your car, sustaining damage from a pot hole, hitting a parking meter, colliding with a tree and backing into a parked car. Paying for collision coverage can be pricey, so you might think about dropping it from older vehicles. Another option is to raise the deductible to bring the cost down.

Liability car insurance

Liability insurance protects you from damage or injury you incur to other people or property by causing an accident. This insurance protects YOU against other people’s claims, and doesn’t cover your own vehicle damage or injuries.

Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show liability limits of 100/300/100 that means you have a $100,000 limit per person for injuries, $300,000 for the entire accident, and a total limit of $100,000 for damage to vehicles and property. Another option is a combined single limit or CSL that pays claims from the same limit rather than limiting it on a per person basis.

Liability coverage protects against things such as medical services, structural damage and attorney fees. How much coverage you buy is your choice, but consider buying as much as you can afford.

Comprehensive car insurance

This will pay to fix damage that is not covered by collision coverage. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage protects against claims like damage from flooding, a broken windshield and rock chips in glass. The most you’ll receive from a claim is the market value of your vehicle, so if the vehicle’s value is low consider dropping full coverage.

Coverage for uninsured or underinsured drivers

Uninsured or Underinsured Motorist coverage gives you protection when other motorists either have no liability insurance or not enough. Covered losses include medical payments for you and your occupants as well as your vehicle’s damage.

Since many drivers only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is a good idea. Most of the time these limits do not exceed the liability coverage limits.

A penny earned…

When buying insurance coverage, you should never reduce needed coverages to save money. In many cases, someone dropped full coverage to discover at claim time they didn’t purchase enough coverage. The proper strategy is to buy the best coverage you can find for the lowest price.

In this article, we covered many tips how you can get a better price on 1998 GMC Yukon insurance. It’s most important to understand that the more price quotes you have, the better chance you’ll have of finding cheap insurance. You may be surprised to find that the most savings is with a small local company. These companies can often provide lower auto insurance rates in certain areas as compared to the big name companies such as State Farm, GEICO and Nationwide.

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