View 2014 GMC Yukon XL Car Insurance Quotes

Trying to find the cheapest insurance rates for your GMC Yukon XL? Are you drained from paying out the nose to pay insurance each month? You are in the same boat as many other drivers.

Drivers have multiple insurers to purchase coverage from, and although it’s a good thing to have a selection, more options can take longer to find the best rates.

Smart consumers take time to compare rates every six months because prices are variable and change quite frequently. Despite the fact that you may have had the best deal on Yukon XL coverage two years ago there may be better deals available now. Block out anything you think you know about insurance because you’re going to get a crash course in the fastest way to lower your annual insurance bill.

Discounts for cheap auto insurance rates

Auto insurance can be pricey, but there could be significant discounts to help bring down the price. Some of these disounts will be visible when you purchase, but a few need to be specifically requested before you will receive the discount.

  • Early Renewal Discounts – A few auto insurance companies allow discounts for switching policies before your current expiration date. It can save you around 10%.
  • Drivers Ed for Students – Have your child take driver’s ed class in high school.
  • Multiple Vehicles – Buying a policy with multiple vehicles with the same company qualifies for this discount.
  • Active Service Discounts – Being on active duty in the military could mean lower prices.
  • Sign Online – Certain companies give back up to $50 for buying your policy on your computer.
  • Discount for New Cars – Insuring a vehicle that is new may earn a small discount because newer vehicles keep occupants safer.
  • Anti-lock Brake Discount – Anti-lock brake equipped vehicles have fewer accidents and therefore earn up to a 10% discount.
  • Senior Discount – Mature drivers could receive a discount up to 10% on Yukon XL coverage.
  • Fewer Miles Equal More Savings – Driving fewer miles could be rewarded with lower rates due to less chance of an accident.
  • Life Insurance – Auto insurance companies who offer life insurance give a discount if you purchase life insurance.

Just know that many deductions do not apply to the overall cost of the policy. Most only cut the price of certain insurance coverages like liability and collision coverage. Despite the fact that it seems like all those discounts means the company will pay you, you won’t be that lucky.

To view companies that can offer you the previously mentioned discounts, click here.

Smart consumers know how to buy car insurance at a discount

Lots of things are part of the equation when quoting car insurance. Some factors are common sense such as traffic violations, but other factors are more obscure such as whether you are married or your vehicle rating.

The following are a few of the “ingredients” used by insurance companies to determine premiums.

  • Responsible credit saves on car insurance – Having a good credit score will be a significant factor in calculating your car insurance rates. If your credit could use some work, you may save money insuring your 2014 GMC Yukon XL by taking the time to improve your credit score. People that have high credit scores tend to file fewer claims and have better driving records than drivers with poor credit.
  • Where do you drive? – The more you drive annually the more you’ll pay to insure it. A lot of companies calculate prices determined by how the vehicle is used. Vehicles used primarily for pleasure use get more affordable rates than vehicles that are driven to work every day. It’s always a good idea to double check that your car insurance declarations sheet shows how each vehicle is driven, because improper ratings can cost you money. A policy that improperly rates your Yukon XL can result in significantly higher rates.
  • Don’t let your car insurance lapse – Not maintaining insurance is illegal and any future policy may cost more because you let your coverage lapse. And not only will your rates increase, being ticketed for driving with no insurance could earn you fines or a revoked license. You may then have to provide proof of insurance in the form of an SR-22 filing with your state DMV.
  • Don’t cut corners with liability insurance – Liability coverage will provide protection when you are responsible for damages from an accident. Your liability coverage provides you with a defense in court up to the limits shown on your policy. It is affordable coverage compared to comp and collision, so drivers should buy more than the minimum limits required by law.
  • Alarms and GPS tracking lower rates – Buying a car with a theft deterrent system can help bring down rates. Theft prevention devices like vehicle immobilizer systems, OnStar, and tracking devices like LoJack help track and prevent auto theft and help lower rates.

Tailor your insurance coverage coverage to you

When buying the right insurance coverage, there really is no cookie cutter policy. Every insured’s situation is different and your policy should reflect that. For instance, these questions may help highlight whether or not you will benefit from professional help.

  • When should I remove comp and collision on my 2014 GMC Yukon XL?
  • What happens if I owe more than my 2014 GMC Yukon XL is worth?
  • Am I covered when driving on a suspended license?
  • Can my teen driver be rated on a liability-only vehicle?
  • Can I rent a car in Mexico?
  • Should I bundle my homeowners policy with my auto?

If you can’t answer these questions but you know they apply to you then you might want to talk to a licensed insurance agent. If you don’t have a local agent, take a second and complete this form or you can go here for a list of companies in your area.

Advertising and auto insurance

Well-known auto insurance companies like Allstate and Progressive continually stream ads in print and on television. They all seem to convey the message of big savings just by moving your coverage to them. How can each company lower your rates? This is how they do it.

Auto insurance companies have strict underwriting profiles for the driver that is profitable for them. For example, a desirable insured should be a female over age 40, carries full coverage, and drives a safe vehicle. Any driver who fits that profile receive the lowest rate quotes and therefore will save when they switch companies.

Potential insureds who do not fit these criteria must pay higher rates and the customer not buying. If you pay attention, the ads say “customers who switch” not “everyone that quotes” save that much money. That is how companies can state the savings.

Because of this risk profiling, it’s extremely important to compare as many free car insurance quotes as you can. Because without a comparison, you cannot know the company that will be your best fit.

Auto insurance coverage information

Understanding the coverages of your policy can help you determine the best coverages and proper limits and deductibles. Auto insurance terms can be confusing and coverage can change by endorsement. These are typical coverages found on most auto insurance policies.

Collision coverage

This will pay to fix damage to your Yukon XL resulting from colliding with an object or car. You first must pay a deductible and then insurance will cover the remainder.

Collision coverage pays for things such as sustaining damage from a pot hole, scraping a guard rail and rolling your car. Collision is rather expensive coverage, so you might think about dropping it from vehicles that are older. You can also raise the deductible to save money on collision insurance.

Uninsured Motorist or Underinsured Motorist insurance

Your UM/UIM coverage provides protection from other motorists when they are uninsured or don’t have enough coverage. This coverage pays for hospital bills for your injuries as well as your vehicle’s damage.

Since a lot of drivers carry very low liability coverage limits, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages should not be overlooked. Usually these limits are set the same as your liablity limits.

Insurance for medical payments

Medical payments and Personal Injury Protection insurance pay for expenses for things like EMT expenses, chiropractic care, hospital visits and dental work. They are often used to cover expenses not covered by your health insurance program or if you do not have health coverage. Coverage applies to not only the driver but also the vehicle occupants as well as getting struck while a pedestrian. PIP coverage is not an option in every state and gives slightly broader coverage than med pay

Comprehensive coverage (or Other than Collision)

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

Comprehensive coverage pays for things such as theft, fire damage, damage from flooding and hail damage. The maximum payout your auto insurance company will pay is the actual cash value, so if the vehicle is not worth much consider removing comprehensive coverage.

Liability coverage

This provides protection from damage or injury you incur to other people or property that is your fault. It protects you from claims by other people. Liability doesn’t cover damage to your own property or vehicle.

Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see policy limits of 100/300/100 which means $100,000 in coverage for each person’s injuries, a limit of $300,000 in injury protection per accident, and property damage coverage for $100,000. Alternatively, you may have a combined limit which provides one coverage limit with no separate limits for injury or property damage.

Liability can pay for claims like bail bonds, repair costs for stationary objects, pain and suffering and loss of income. How much liability coverage do you need? That is your choice, but you should buy as large an amount as possible.

Stretch your dollar

In this article, we covered many ideas to reduce 2014 GMC Yukon XL insurance car insurance rates online. The key thing to remember is the more rate comparisons you have, the higher your chance of finding inexpensive car insurance. Consumers could even find that the lowest car insurance rates are with a lesser-known regional company. Smaller companies may have significantly lower premium rates on certain market segments than the large multi-state companies such as GEICO and State Farm.

As you go through the steps to switch your coverage, make sure you don’t skimp on critical coverages to save a buck or two. In many instances, drivers have reduced liability coverage limits and discovered at claim time that it was a big error on their part. Your aim should be to buy enough coverage at the best possible price while still protecting your assets.

Much more information about auto insurance is available on the following sites: