2002 GMC Yukon XL Insurance Quotes – 10 Tips for Cheaper Rates

Searching for the cheapest auto insurance rates for your GMC Yukon XL? Are you drained from being strong-armed to insure your GMC every month? Your situation is no different than millions of other vehicle owners. Multiple insurance companies compete for your business, and it can be difficult to compare rates to find the lowest price

You should make it a habit to take a look at other company’s rates yearly due to the fact that insurance prices are rarely the same from one policy term to another. Just because you had the best rates on Yukon XL coverage a year ago other companies may now be cheaper. You can search a lot of auto insurance online, but in just a couple of minutes you can learn a lot of great tips on how to buy auto insurance cheaper.

How much is insurance?

Comparing insurance rates can be exhausting if you aren’t aware of the most efficient way. You can waste a few hours (or days) talking about coverages with local insurance agents in your area, or you could use online quotes to maximize your effort.

All the larger companies participate in an industry program where insurance shoppers complete one form, and every company then gives them pricing based on the submitted data. This system prevents you from having to do quote requests for each company you want a rate for.

To participate in this free quote system, click here to start a free quote.

The one downside to using this type of system is that consumers can’t choose the insurers you want to price. So if you prefer to pick specific providers to receive pricing from, we put together a list of companies who write insurance in your area. View list of insurance companies.

However you get your quotes, do your best to enter the exact same coverage information for each price quote. If you compare unequal deductibles or liability limits you will not be able to determine which company has the best rates.

When to get professional advice

When buying coverage for your vehicles, there is no cookie cutter policy. Everyone’s needs are different so your insurance needs to address that. These are some specific questions could help you determine if your insurance needs will benefit from professional help.

  • Am I covered if I crash into my own garage door?
  • Does my car insurance cover rental cars?
  • Should I file a claim if it’s only slightly more than my deductible?
  • What is the minimum liability in my state?
  • Are my tools covered if they get stolen from my vehicle?
  • What is UM/UIM insurance?

If it’s difficult to answer those questions, you might consider talking to an agent. If you don’t have a local agent, take a second and complete this form or click here for a list of insurance companies in your area. It only takes a few minutes and you can get the answers you need.

Car insurance 101

Knowing the specifics of your policy aids in choosing the best coverages and proper limits and deductibles. The terms used in a policy can be difficult to understand and even agents have difficulty translating policy wording. Listed below are typical coverage types found on the average car insurance policy.

Coverage for medical expenses

Medical payments and Personal Injury Protection insurance reimburse you for immediate expenses such as nursing services, chiropractic care and hospital visits. They are used to fill the gap from your health insurance plan or if you lack health insurance entirely. They cover you and your occupants and also covers if you are hit as a while walking down the street. Personal Injury Protection is not universally available but it provides additional coverages not offered by medical payments coverage

Comprehensive car insurance

Comprehensive insurance coverage pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for things like hail damage, a broken windshield, damage from a tornado or hurricane and rock chips in glass. The maximum payout you can receive from a comprehensive claim is the market value of your vehicle, so if the vehicle’s value is low it’s not worth carrying full coverage.

Coverage for uninsured or underinsured drivers

Your UM/UIM coverage provides protection from other motorists when they either have no liability insurance or not enough. Covered losses include injuries sustained by your vehicle’s occupants as well as damage to your GMC Yukon XL.

Because many people only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. So UM/UIM coverage is a good idea.

Collision coverage protection

Collision coverage pays for damage to your Yukon XL resulting from colliding with another vehicle or an object, but not an animal. You will need to pay your deductible then your collision coverage will kick in.

Collision can pay for claims such as hitting a mailbox, crashing into a ditch, colliding with a tree and crashing into a building. Collision is rather expensive coverage, so consider dropping it from vehicles that are older. Another option is to raise the deductible to save money on collision insurance.

Auto liability

Liability coverage can cover damage or injury you incur to people or other property by causing an accident. It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have liability limits of 50/100/50 that means you have a limit of $50,000 per injured person, a limit of $100,000 in injury protection per accident, and a total limit of $50,000 for damage to vehicles and property.

Liability coverage pays for things such as court costs, repair costs for stationary objects and medical expenses. How much coverage you buy is a decision to put some thought into, but buy as much as you can afford.