How Much Does 2016 GMC Yukon Insurance Cost?

Trying to find better auto insurance rates for your GMC Yukon? Having to pay for overpriced GMC Yukon insurance can draw down your checking account and make it impossible to make ends meet. Comparison shopping is free and is an excellent way to slash your bill and have more diposable income.

There is such a variety of insurers to buy insurance from, and although it’s a good thing to have a selection, it can be more difficult to find a good deal.

Compare quotes for car insurance

Lowering your 2016 GMC Yukon car insurance rates is an easy way to save money. You just have to take a couple of minutes getting comparison quotes from some recommended companies. This is very easy and can be done using a couple different methods.

The best way to get the best comparison quotes is a comparison rater form click to view form in new window. This type of form keeps you from doing a different quote for every prospective company. In just a few minutes this one form will get you price quotes from multiple low-cost companies.

A harder way to get comparison quotes is going to each company website and fill out a new quote form. For example, we’ll assume you want to view quotes from USAA, GEICO and Liberty Mutual. To get each rate you have to spend time going to each site individually and type in your information over and over, and that explains why we recommend the first method.

To view a list of companies in your area, click here.

However you get your quotes, do your best to enter the same deductibles and coverage limits with each company. If you have different values for each quote it will be next to impossible to truly determine the lowest rate.

Informed drivers can cut insurance costs

Smart consumers have a good feel for the rating factors that play a part in calculating the level of your policy premiums. When consumers understand what determines base rates, this empowers consumers to make smart changes that can help you get lower premium levels.

The factors shown below are some of the factors used by insurance companies to determine your rate level.

  • Discounts for married couples – Walking down the aisle may save some money on your car insurance policy. Having a spouse usually means you are more mature and insurance companies like that married drivers get in fewer accidents.
  • Alarms and GPS tracking systems cut premiums – Choosing a vehicle that has an advanced theft prevention system can save you a little every year. Advanced theft deterrents such as tamper alarm systems, vehicle immobilizer technology and General Motors OnStar all help prevent your vehicle from being stolen.
  • Know your credit score – Having a good credit score is likely to be a major factor in determining what you pay for car insurance. Insureds that have excellent credit scores tend to be better drivers and file fewer claims than drivers who have bad credit. So if your credit score is lower than you’d like, you could be paying less to insure your 2016 GMC Yukon by spending a little time repairing your credit.
  • Reduce premiums by driving vehicles with better crash test results – Safer cars get lower rates. Safer cars protect occupants better and lower rates of occupant injuries means less money paid by your insurance company passed on to you as lower rates. If your GMC Yukon is rated at least an “acceptable” rating on the Insurance Institute for Highway Safety website it is probably cheaper to insure.
  • Bundle policies to earn discounts – Many car insurance companies give a discount to people that purchase more than one policy, otherwise known as a multi-policy discount. The discount can be 10 percent or more. Even if you qualify for this discount already, it’s in your best interest to get quotes from other companies to verify if the discount is saving money. You may still be able to save even more even if you have your coverage with different companies
  • Men tend to take more risk – Statistics have proven females are less aggressive when driving. The data does not necessarily mean that women are BETTER drivers than men. Both sexes cause at-fault accidents in similar percentages, but guys cause more damage. Men also tend to have more aggressive citations such as DWI and reckless driving. Male teenagers generally have the highest accident percentage and therefore are the most expensive to insure.
  • How much liability protection – Liability coverage is the protection if a court rules you are at fault for damages from an accident. This coverage provides for a legal defense starting from day one. Liability insurance is quite affordable compared to insuring for physical damage coverage, so buy as much as you can afford.
  • High insurance claims frequency drives up car insurance rates – Insurance companies give the best rates to drivers that do not abuse their auto insurance. If you are the type of insured that files lots of claims you can definitely plan on much higher rates or policy non-renewal. Your insurance policy is meant to be used in the event of claims that pose a financial burden.

Cheap insurance coverage rates with discounts

Some insurers do not list the complete list of policy discounts in a way that’s easy to find, so the following is a list of both well-publicized in addition to some of the lesser obvious credits available to bring down your rates. If you don’t get every credit available, you could be getting lower rates.

  • Multi-line Discount – Not every insurance company offers life insurance, but if they do you may earn a break if you buy life insurance from them.
  • Anti-lock Brake System – Cars with ABS and/or traction control can avoid accidents and therefore earn up to a 10% discount.
  • Distant Student Discount – Children living away from home attending college and don’t have a car may be insured at a cheaper rate.
  • Save with More Vehicles Insured – Drivers who insure multiple cars or trucks on a single policy can reduce the rates for all insured vehicles.
  • Drive Less and Save – Driving less may enable drivers to earn slightly better rates than normal.
  • Payment Discounts – If paying your policy premium upfront rather than spreading payments over time you may reduce your total bill.
  • Driver’s Education for Students – Cut your cost by having your teen driver enroll in driver’s education in school.
  • Seat Belt Discounts – Drivers who require all occupants to buckle up may be able to save a few bucks off the PIP or medical payment premium.
  • Lower Rates for Military – Having a deployed family member may lower your prices slightly.
  • No Charge for an Accident – Not a discount per se, but companies like Allstate and GEICO will turn a blind eye to one accident before raising your premiums with the catch being you have to be claim-free prior to the accident.

As a disclaimer on discounts, many deductions do not apply to the entire cost. The majority will only reduce individual premiums such as liability and collision coverage. Just because you may think you would end up receiving a 100% discount, it doesn’t quite work that way.

Companies and some of the discounts are included below.

  • State Farm offers premium reductions for multiple policy, Steer Clear safe driver discount, good driver, anti-theft, and driver’s education.
  • Nationwide may offer discounts for multi-policy, business or organization, good student, anti-theft, defensive driving, easy pay, and accident-free.
  • GEICO includes discounts for daytime running lights, multi-vehicle, anti-lock brakes, air bags, anti-theft, seat belt use, and emergency military deployment.
  • AAA policyholders can earn discounts including education and occupation, good driver, anti-theft, good student, and pay-in-full.
  • 21st Century offers discounts including driver training, student driver, good student, homeowners, early bird, and defensive driver.
  • The Hartford has savings for vehicle fuel type, defensive driver, air bag, anti-theft, and driver training.

Before purchasing a policy, check with all the companies how many discounts you can get. Some of the earlier mentioned discounts may not be available in your state.

Tailor your insurance coverage to you

When it comes to choosing coverage, there really is no “perfect” insurance plan. Your needs are not the same as everyone else’s so this has to be addressed. For instance, these questions can help discover whether your personal situation would benefit from professional advice.

  • Should I drop comprehensive coverage on older vehicles?
  • How can I find cheaper teen driver insurance?
  • Is my teen driver covered when they drive my company car?
  • Am I covered by my employer’s commercial auto policy when driving my personal car for business?
  • Am I covered if I wreck a rental car?
  • Can my teen driver be rated on a liability-only vehicle?

If you don’t know the answers to these questions, you might consider talking to an insurance agent. To find lower rates from a local agent, take a second and complete this form or go to this page to view a list of companies. It’s fast, doesn’t cost anything and can help protect your family.

Detailed coverages of your insurance policy

Knowing the specifics of your insurance policy can help you determine appropriate coverage for your vehicles. The coverage terms in a policy can be difficult to understand and coverage can change by endorsement. Listed below are typical coverages available from insurance companies.

Comprehensive or Other Than Collision

This coverage pays to fix your vehicle from damage that is not covered by collision coverage. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for claims such as damage from a tornado or hurricane, rock chips in glass, vandalism, damage from flooding and a tree branch falling on your vehicle. The highest amount you can receive from a comprehensive claim is the actual cash value, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

Collision insurance

This coverage pays to fix your vehicle from damage from colliding 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 insurance covers things such as backing into a parked car, scraping a guard rail, sustaining damage from a pot hole, damaging your car on a curb and rolling your car. Collision is rather expensive coverage, so you might think about dropping it from older vehicles. Another option is to raise the deductible to bring the cost down.

Medical costs insurance

Personal Injury Protection (PIP) and medical payments coverage pay for expenses such as rehabilitation expenses, chiropractic care, nursing services, pain medications and hospital visits. They can be used to cover expenses not covered by your health insurance plan or if you lack health insurance entirely. It covers both the driver and occupants and will also cover getting struck while a pedestrian. PIP coverage is not an option in every state but can be used in place of medical payments coverage

Auto liability insurance

This coverage protects you from injuries or damage you cause to a person or their property by causing an accident. It protects YOU from legal claims by others, 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. As an example, you may have limits of 25/50/25 that translate to a $25,000 limit per person for injuries, a per accident bodily injury limit of $50,000, and property damage coverage for $25,000.

Liability coverage protects against claims like repair costs for stationary objects, repair bills for other people’s vehicles, emergency aid, funeral expenses and court costs. How much coverage you buy is a decision to put some thought into, but you should buy as large an amount as possible.

UM/UIM Coverage

This coverage provides protection from other drivers when they either have no liability insurance or not enough. This coverage pays for injuries to you and your family and damage to your GMC Yukon.

Since a lot of drivers only carry the minimum required liability limits, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family.

Be a smart shopper

We just presented a lot of tips how to shop for 2016 GMC Yukon insurance online. It’s most important to understand that the more you quote auto insurance, the better your chances of lowering your car insurance rates. You may be surprised to find that the biggest savings come from a smaller regional carrier. These smaller insurers may only write in your state and offer lower car insurance rates compared to the large companies like Allstate or State Farm.

Lower-priced 2016 GMC Yukon insurance is available from both online companies as well as from insurance agents, so you should compare both to get a complete price analysis. Some insurance providers may not have internet price quotes and many times these smaller providers sell through independent agencies.

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