2004 GMC Envoy XL Insurance Cost – 9 Tips for Cheapest Prices

No sane person is fond of buying car insurance, especially when they are aware that they could find better prices if they shop around. Due to the fact that there are so many companies and agents to choose from, it can be challenging to pick the most affordable car insurance company.

Finding the lowest cost coverage is quite easy. If you have a policy now or need new coverage, you can follow these tips to get lower rates and possibly find even better coverage. Vehicle owners just need to learn how to shop online.

Nine discounts for cheap insurance coverage rates

The price of auto insurance can be rather high, but there may be some discounts that may help make it more affordable. Many of these discounts will be applied automatically when you get a quote, but a few must be asked about prior to getting the savings.

  • New Vehicle Savings – Buying a new car model may earn a small discount because newer vehicles are generally safer.
  • Early Signing – Some insurance coverage companies reward drivers for switching policies prior to your current policy expiration. Ten percent is about the average savings.
  • Payment Discounts – If you pay your bill all at once as opposed to paying monthly you can avoid the installment charge.
  • Defensive Driver Discounts – Participating in a class that teaches defensive driving techniques may get you a small discount if you qualify.
  • Distant College Student Discount – Any of your kids who live away from home at college and don’t have a car can receive lower rates.
  • Discounts for Cautious Drivers – Insureds who avoid accidents could pay up to 40% less for Envoy XL coverage than less cautious drivers.
  • Air Bag Discount – Vehicles equipped with air bags or motorized seat belts could see savings of 25 to 30%.
  • Good Student Discount – A discount for being a good student can save 20 to 25%. The discount lasts well after school through age 25.
  • Telematics Devices – Insureds that choose to allow their insurance company to look at their driving habits by using a telematics device in their vehicle like In-Drive from State Farm and Progressive’s Snapshot might get better premium rates if they are good drivers.

While discounts sound great, it’s important to understand that some credits don’t apply to the entire cost. Most only apply to the cost of specific coverages such as liability, collision or medical payments. Even though it may seem like adding up those discounts means a free policy, it’s just not the way it works.

A list of companies and some of the discounts are:

  • State Farm may offer discounts for student away at school, good student, passive restraint, good driver, anti-theft, multiple policy, and multiple autos.
  • Farmers Insurance may have discounts that include bundle discounts, business and professional, early shopping, teen driver, and electronic funds transfer.
  • Progressive offers premium reductions for multi-vehicle, online signing, online quote discount, homeowner, and multi-policy.
  • GEICO has discounts for membership and employees, federal employee, defensive driver, multi-vehicle, emergency military deployment, five-year accident-free, and air bags.
  • Auto-Owners Insurance policyholders can earn discounts including company car, teen driver, safe vehicle, multi-policy, safe driver, and air bags.
  • The Hartford offers discounts for anti-theft, driver training, air bag, defensive driver, and bundle.
  • Farm Bureau discounts include youthful driver, driver training, multi-vehicle, 55 and retired, and renewal discount.
  • USAA may include discounts for multi-vehicle, good student, loyalty savings, family discount, defensive driver, and new vehicle.

Check with each company or agent how many discounts you can get. A few discounts may not apply to policies everywhere. If you would like to view insurers that offer some of these discounts, click here to view.

How to find affordable car insurance

Most of the larger companies give pricing directly from their websites. Getting online quotes is pretty easy as all you need to do is type in into the quote form. When the form is submitted, their rating system orders information on your driving record and credit history and gives you a price quote determined by many factors. This helps simplify price comparisons, but the process of having to visit several different sites and type in the same data is repetitive and time-consuming. But it is imperative to perform this step in order to find the lowest car insurance rates.

There is a better way!

A quicker way to find better car insurance pricing uses one simple form that analyzes rates from multiple companies. This type of form saves time, requires much less work on your part, and makes quoting online much simpler. Once the form is submitted, it gets priced with multiple companies and you can pick any or none of the resulting price quotes.

If the quotes result in lower rates, it’s easy to complete the application and buy the policy. It takes less than 15 minutes and you’ll know if lower rates are available.

To save time and use this form to compare rates, simply click here to open in new window and fill out the form. If you have a policy now, it’s recommended you enter identical to your current policy. This helps ensure you will have rate quotes based on the exact same insurance coverage.

Tailor your insurance coverage coverage to you

When choosing the best insurance coverage coverage, there isn’t really a perfect coverage plan. Your needs are not the same as everyone else’s so this has to be addressed. Here are some questions about coverages that might point out if your insurance needs would benefit from professional advice.

  • What is the minimum liability in my state?
  • How do I insure my teen driver?
  • Am I covered when driving someone else’s vehicle?
  • Is my camper covered by my car insurance policy?
  • What if I total my 2004 GMC Envoy XL and owe more than it’s worth?
  • When should I drop full coverage on my 2004 GMC Envoy XL?
  • How much underlying liability do I need for an umbrella policy?
  • Should I sign the liability waiver when renting a car?

If you don’t know the answers to these questions but a few of them apply, you might consider talking to an insurance agent. To find lower rates from a local agent, simply complete this short form or go to this page to view a list of companies. It’s fast, doesn’t cost anything and may give you better protection.

Auto insurance coverages explained

Understanding the coverages of your policy aids in choosing the right coverages for your vehicles. The coverage terms in a policy can be impossible to understand and even agents have difficulty translating policy wording. Shown next are the usual coverages found on the average auto insurance policy.

Collision coverage

Collision insurance covers damage to your Envoy XL resulting from a collision with an object or car. You first must pay a deductible and the rest of the damage will be paid by collision coverage.

Collision coverage pays for claims such as sustaining damage from a pot hole, colliding with another moving vehicle and crashing into a building. Collision coverage makes up a good portion of your premium, so consider dropping it from older vehicles. It’s also possible to bump up the deductible to bring the cost down.

Med pay and Personal Injury Protection (PIP)

Med pay and PIP coverage provide coverage for short-term medical expenses for things like ambulance fees, funeral costs, chiropractic care and EMT expenses. They are used in conjunction with a health insurance policy or if you do not have health coverage. It covers not only the driver but also the vehicle occupants and will also cover if you are hit as a while walking down the street. Personal Injury Protection is not universally available and may carry a deductible

Comprehensive insurance

Comprehensive insurance coverage pays for damage OTHER than collision with another vehicle or object. You first must pay your deductible and then insurance will cover the rest of the damage.

Comprehensive can pay for claims like hail damage, fire damage, damage from getting keyed, rock chips in glass and theft. The maximum amount your auto insurance company will pay is the cash value of the vehicle, so if the vehicle’s value is low it’s not worth carrying full coverage.

Liability auto insurance

This coverage protects you from damage that occurs to a person or their property. Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see liability limits of 25/50/25 which means a $25,000 limit per person for injuries, a total of $50,000 of bodily injury coverage per accident, and a limit of $25,000 paid for damaged property. Another option is a combined limit which provides one coverage limit and claims can be made without the split limit restrictions.

Liability coverage protects against claims like emergency aid, legal defense fees, bail bonds and structural damage. How much coverage you buy is a personal decision, but consider buying as high a limit as you can afford.

Uninsured/Underinsured Motorist (UM/UIM)

Your UM/UIM coverage protects you and your vehicle from other motorists when they are uninsured or don’t have enough coverage. This coverage pays for injuries to you and your family as well as damage to your GMC Envoy XL.

Because many people only carry the minimum required liability limits, their liability coverage can quickly be exhausted. So UM/UIM coverage is a good idea. Usually these limits are similar to your liability insurance amounts.

A little work can save a LOT of money

Cheap 2004 GMC Envoy XL insurance can be bought on the web in addition to local insurance agencies, and you need to comparison shop both in order to have the best chance of saving money. A few companies may not offer the ability to get a quote online and most of the time these smaller providers only sell coverage through independent agencies.

In this article, we presented many ways to reduce 2004 GMC Envoy XL insurance premium rates online. The most important thing to understand is the more quotes you get, the better your chances of lowering your prices. Consumers may even find the best premium rates are with an unexpected company. Some small companies may only write in your state and offer lower prices as compared to the big name companies such as State Farm or Progressive.

More information is available at the links below