Lower Your 1997 GMC Yukon Insurance Rates

Looking for better insurance rates for your GMC Yukon? Having to pay for pricey GMC Yukon insurance can drain your bank account and force you to tighten up your finances. Comparing rates annually can lower your rates and help to lower your bills every month.

Big-name insurance companies like Progressive, State Farm and Geico constantly bombard you with advertising and consumers find it hard to see past the geckos and flying pigs and find the best price available.

You should make it a habit to take a look at other company’s rates once or twice a year due to the fact that insurance prices are adjusted regularly by insurance companies. Just because you found the best rates on Yukon insurance two years ago you will most likely find a better premium rate today. Forget all the misinformation about insurance because you’re going to get a crash course in the best methods to properly buy coverages and cut your premium.

If you have a policy now or need new coverage, you will benefit by learning to cut your premiums and possibly find even better coverage. Choosing the best insurance company for you is easy if you know what you’re doing. Consumers just need to learn how to compare prices over the internet.

Do you qualify for discounts?

Car insurance is not an enjoyable expense, but you may qualify for discounts to help offset the cost. Some discounts apply automatically when you purchase, but a few need to be asked about prior to receiving the credit.

  • Discount for Life Insurance – Select insurance companies reward you with a discount if you purchase a life policy as well.
  • Homeowners Pay Less – Just owning your own home can save a few bucks since owning and maintaining a home means you have a higher level of financial diligence.
  • Full Payment Discount – If you can afford to pay the entire bill instead of paying each month you could save up to 5%.
  • Paper-free Discount – A handful of insurance companies may give you up to $50 get auto insurance on the internet.
  • ABS Braking Discount – Cars with ABS braking systems or traction control have fewer accidents so you can save 10 percent or more.
  • Claim-Free Discount – Drivers who don’t have accidents are rewarded with significantly better rates on auto insurance quote in comparison with bad drivers.
  • Defensive Driving Course – Passing a defensive driving course may get you a small discount and make you a better driver.
  • Senior Discount – Drivers that qualify as senior citizens could receive a discount up to 10% on Yukon insurance.
  • Seat Belts Save – Drivers who require all occupants to buckle their seat belts can save 10% or more off the PIP or medical payment premium.
  • Good Student – This discount can get you a discount of up to 25%. Most companies allow this discount until age 25.

Drivers should understand that most discounts do not apply to the overall cost of the policy. Most only cut specific coverage prices like comprehensive or collision. Even though it appears all those discounts means the company will pay you, car insurance companies aren’t that generous.

A list of companies and a summarized list of policyholder discounts can be read below.

  • State Farm may offer discounts for driver’s education, multiple policy, good driver, good student, and passive restraint.
  • Geico may have discounts that include seat belt use, daytime running lights, emergency military deployment, good student, federal employee, membership and employees, and driver training.
  • Progressive policyholders can earn discounts including continuous coverage, multi-policy, multi-vehicle, online quote discount, online signing, and homeowner.
  • 21st Century includes discounts for theft prevention, anti-lock brakes, early bird, 55 and older, and teen driver.
  • American Family discounts include early bird, defensive driver, air bags, Steer into Savings, and multi-vehicle.
  • The Hartford has savings for good student, defensive driver, bundle, driver training, and vehicle fuel type.
  • AAA offers discounts including multi-car, AAA membership discount, anti-theft, good driver, and education and occupation.

If you need lower rates, check with all the companies which discounts can lower your rates. Some credits might not be available to policyholders in your area. If you would like to view insurance companies who offer online car insurance quotes, click here.

Learn how to find car insurance at a discount

One of the most helpful ways to save on car insurance is to to have a grasp of the rating factors that play a part in calculating your premiums. If you understand what determines base rates, this enables you to make decisions that will entitle you to lower rates.

The itemized list below are a few of the “ingredients” utilized by car insurance companies to help set your prices.

  • How many miles do you drive? – Driving a lot of miles every year the more you will pay for car insurance. Most insurance companies calculate prices based on their usage. Cars and trucks left parked in the garage can be on a lower rate level than those used for commuting. Improper usage on your Yukon is just wasting money. Verify your car insurance coverage reflects annual mileage, because it can save money.
  • How much liability protection – The liability section of your policy is the coverage that protects you if ever you are found liable for an accident. Liability insurance provides legal defense coverage to attempt to prove you were not liable. Liability insurance is pretty cheap compared to insuring for physical damage coverage, so drivers should make sure they buy enough to cover all assets.
  • Lower rates come with age – Drivers with little experience tend to get distracted easily in a vehicle so car insurance rates are higher. More experienced drivers are shown to be more cautious, cause fewer claims and accidents , and are generally more financially stable.
  • Extra coverages are wasting money – Insurance policies have a lot of optional add-on coverages that can waste your money if you aren’t careful. Insurance for things like personal injury protection, high-cost glass coverage, and membership fees may be costing you every month. These may sound like a good investment when deciding what coverages you need, but your needs may have changed so get rid of them and save.
  • A lpolicy lapse is a bad thing – Having a gap between insurance policy dates will be a sure-fire way to increase your car insurance rates. Not only will you pay more, getting caught without coverage might get you a license revocation or jail time.

Don’t assume everyone needs the same car insurance coverage

When choosing coverage, there really is not a single plan that fits everyone. Each situation is unique and your policy should reflect that. Here are some questions about coverages that might help in determining if your insurance needs might need professional guidance.

  • Am I covered when driving someone else’s vehicle?
  • Will my rates increase for filing one claim?
  • How high should deductibles be on a 1997 GMC Yukon?
  • Does medical payments coverage apply to all occupants?
  • Am I covered when using my vehicle for business?
  • How can I force my company to pay a claim?
  • Do I need replacement cost coverage?
  • Do I need replacement cost coverage on my 1997 GMC Yukon?
  • How do I file an SR-22 for a DUI in my state?
  • Does my insurance cover a custom paint job?

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 is quick, free and may give you better protection.

Information about specific coverages

Learning about specific coverages of insurance can be of help when determining which coverages you need at the best deductibles and correct limits. The terms used in a policy can be confusing and nobody wants to actually read their policy. Shown next are typical coverage types found on most insurance policies.

Coverage for collisions

This coverage pays to fix your vehicle from damage from colliding with another car or object. You have to pay a deductible and then insurance will cover the remainder.

Collision insurance covers claims like hitting a parking meter, crashing into a building, crashing into a ditch, colliding with another moving vehicle and sustaining damage from a pot hole. Collision is rather expensive coverage, so you might think about dropping it from older vehicles. Another option is to bump up the deductible to get cheaper collision coverage.

Auto liability

This coverage will cover damage that occurs to a person or their property in an accident. This coverage protects you against other people’s claims. It does not cover damage to your own property or vehicle.

Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see policy limits of 25/50/25 that means you have $25,000 in coverage for each person’s injuries, a per accident bodily injury limit of $50,000, and a limit of $25,000 paid for damaged property. Another option is one number which is a combined single limit which limits claims to one amount with no separate limits for injury or property damage.

Liability coverage protects against claims like emergency aid, attorney fees, bail bonds and medical services. How much liability should you purchase? That is a personal decision, but consider buying as much as you can afford.

Uninsured and underinsured coverage

This coverage provides protection from other motorists when they either have no liability insurance or not enough. Covered claims include hospital bills for your injuries and also any damage incurred to your GMC Yukon.

Since a lot of drivers have only the minimum liability required by law, their limits can quickly be used up. For this reason, having high UM/UIM coverages is very important. Normally the UM/UIM limits are identical to your policy’s liability coverage.

Comprehensive coverages

This coverage covers damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers things like hail damage, hitting a deer, damage from a tornado or hurricane, damage from getting keyed and a tree branch falling on your vehicle. The most you can receive from a comprehensive claim is the cash value of the vehicle, so if the vehicle is not worth much consider dropping full coverage.

Coverage for medical payments

Personal Injury Protection (PIP) and medical payments coverage kick in for short-term medical expenses like hospital visits, surgery, prosthetic devices, doctor visits and rehabilitation expenses. The coverages can be used to cover expenses not covered by your health insurance program or if you are not covered by health insurance. Medical payments and PIP cover not only the driver but also the vehicle occupants and will also cover getting struck while a pedestrian. Personal Injury Protection is only offered in select states but can be used in place of medical payments coverage

More quotes mean more savings

You just learned quite a bit of information on how to get a better price on 1997 GMC Yukon insurance. It’s most important to understand that the more you quote auto insurance, the more likely it is that you will get a better rate. You may be surprised to find that the lowest car insurance rates come from a company that doesn’t do a lot of advertising. These companies may have significantly lower premium rates on certain market segments than their larger competitors like State Farm, Geico and Nationwide.

As you go through the steps to switch your coverage, it’s very important that you do not skimp on critical coverages to save a buck or two. There are too many instances where someone sacrificed physical damage coverage only to find out that their decision to reduce coverage ended up costing them more. Your focus should be to buy enough coverage at an affordable rate and still be able to protect your assets.

More detailed auto insurance information is available at these sites: