View 2003 GMC Yukon XL Car Insurance Cost

Are you drained from paying out the nose to insure your GMC every month? Your situation is no different than many other drivers. Due to the increasing number of options when it comes to car insurance, it is hard for the average consumer to choose the right car insurance company.

It’s smart to price shop coverage before your policy renews because rates are constantly changing. Despite the fact that you may have had the best deal for Yukon XL insurance a few years ago you will most likely find a better price today. Ignore everything you know about car insurance because you’re going to learn the right way to properly buy coverages and cut your premium.

Finding affordable coverage is easy if you know what you’re doing. If you are paying for car insurance now, you will most likely be able to reduce your rates substantially using this information. Vehicle owners just need to know how to shop their coverage around online.

Find discounts to get cheap insurance quotes

Companies that sell car insurance don’t always list all available discounts in an easy-to-find place, so the next list breaks down a few of the more common and also the lesser-known insurance savings.

  • Discount for New Cars – Buying insurance coverage on a new vehicle can get you a discount because newer models keep occupants safer.
  • Sign Early and Save – A few insurance companies give discounts for switching policies prior to the expiration date on your current policy. The savings is around 10%.
  • Discount for Life Insurance – Not every insurance company offers life insurance, but if they do you may earn better insurancerates if you take out a life insurance policy as well.
  • Bundled Policy Discount – If you can bundle your auto and homeowners insurance with the same insurance company you will save nearly 15% which can help you find affordable car insurance.
  • Seat Belts Save – Forcing all vehicle occupants to use a seat belt may be able to save a few bucks off the personal injury premium cost.
  • Safe Driver Discounts – Accident-free drivers may receive a discount up to 45% for Yukon XL insurance than drivers with accident claims.
  • Air Bags and Passive Restraints – Factory air bags or motorized seat belts may get savings up to 30%.
  • Driving Data Discount – Drivers who agree to allow companies to study their driving habits by using a small device installed in their vehicle such as State Farm’s In-Drive may see discounts if they exhibit good driving behavior.
  • Pay Now and Pay Less – By paying your policy upfront rather than paying monthly you can avoid monthly service charges.
  • ABS Brakes – Cars with ABS braking systems or traction control are much safer to drive and earn discounts up to 10%.

It’s important to note that most discounts do not apply to the entire cost. Some only reduce specific coverage prices like collision or personal injury protection. Just because you may think you could get a free insurance policy, you aren’t that lucky.

Some of the larger companies who might offer some of the above discounts include:

When getting a coverage quote, ask all companies you are considering how you can save money. Depending on the company, some discounts might not apply in your area. To see a list of insurance companies who offer online insurance quotes, click here.

Five tips to get lower-cost insurance prices

Lots of factors are part of the equation when pricing auto insurance. Some of the criteria are obvious like your driving record, but other criteria are not quite as obvious such as whether you are married or your vehicle rating.

The following are a few of the “ingredients” companies use to determine rates.

  • Insurance coverage rates and your employer – Occupations such as judgesair traffic controllers and medical professionals generally pay higher average rates attributed to high stress levels and long work days. Other careers such as professors, engineers and performers generally pay rates lower than average for Yukon XL insurance.
  • Prices may be higher where you live – Living in small towns and rural areas can be a good thing when talking about insurance coverage. Residents of big cities have congested traffic and higher rates of accident claims. Fewer drivers and short commutes means less chance of accidents as well as less vandalism and auto theft.
  • Premiums impacted by vehicle usage – Driving a lot of miles in a year the more it will cost to insure it. The majority of insurers charge to insure your cars based on their usage. Autos used primarily for pleasure use can get a lower rate than those used for commuting. A policy that improperly rates your Yukon XL can cost quite a bit. It’s always a good idea to double check that your insurance coverage declarations sheet properly reflects annual mileage, because it can save money.
  • Raise physical damage deductibles and save – The deductibles define how much you are required to pay if a claim is determined to be covered. Insurance for physical damage, commonly called comprehensive (or other-than-collision) and collision coverage, covers damage that occurs to your car. Some examples of covered claims could be colliding with a stationary object, vandalism, and damage from wind. The more you are required to pay out-of-pocket, the less money you will pay for insurance coverage for Yukon XL insurance.
  • Rates can drop if you have more than one policy – Some insurance coverage companies provide a discount to people who have multiple policies with them, otherwise known as a multi-policy discount. Even if you’re getting this discount it’s in your best interest to shop around to ensure the best deal. You may still be able to save more without the discount even if you insure with multiple companies

Tailor your insurance coverage coverage to you

When it comes to choosing proper insurance coverage, there really is no “best” method to buy coverage. Every situation is different and your policy should reflect that. For instance, these questions may help you determine if your situation would benefit from an agent’s advice.

  • What if I total my 2003 GMC Yukon XL and owe more than it’s worth?
  • Do I need motorclub coverage?
  • How much underlying liability do I need for an umbrella policy?
  • Should I put collision coverage on all my vehicles?
  • What companies insure drivers after a DUI or DWI?
  • How can I find cheaper teen driver insurance?
  • Can I afford to buy a different vehicle if my 2003 GMC Yukon XL is totaled?
  • What is high-risk coverage and where do I buy it?
  • Will my insurance pay for OEM parts?

If it’s difficult to answer those questions, you might consider talking to a licensed insurance agent. To find lower rates from a local agent, complete this form or you can go here for a list of companies in your area. It’s fast, doesn’t cost anything and can help protect your family.

Big names are not always cheapest

Consumers constantly see and hear ads for the lowest price insurance coverage by companies like Progressive, Geico, Allstate and State Farm. All the ads seem to make the promise that you can save after switching your coverage.

How do they all charge you less for car insurance? Here is the trick they use.

Insurance providers quote their cheapest rates for the driver that makes them money. A good example of this type of risk profile might be between the ages of 30 and 50, has no prior claims, and insures a new vehicle. Someone that meets those criteria receive the lowest rate quotes and most likely will cut their rates if they switch.

Consumers who cannot meet these standards will be quoted higher rates with the end result being business not being written. The wording the ads use say “people who switch” but not “everyone who gets a quote” can save as much as they claim. This is how companies can make those statements. Because of this risk profiling, it is so important to get car insurance quotes as often as possible. It’s impossible to know with any certainty which company will provide the lowest car insurance rates.

Auto insurance coverages 101

Learning about specific coverages of your policy helps when choosing which coverages you need and the correct deductibles and limits. The terms used in a policy can be ambiguous and coverage can change by endorsement. Shown next are typical coverage types found on the average auto insurance policy.

Comprehensive insurance

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

Comprehensive insurance covers things like hitting a bird, theft, hail damage and a tree branch falling on your vehicle. The maximum amount you can receive from a comprehensive claim is the cash value of the vehicle, so if the vehicle’s value is low consider removing comprehensive coverage.

Liability

Liability coverage can cover injuries or damage you cause to a person or their property in an accident. It protects YOU from legal claims by others, and does not provide coverage for your own vehicle damage or injuries.

It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show liability limits of 25/50/25 that means you have $25,000 in coverage for each person’s injuries, a total of $50,000 of bodily injury coverage per accident, and $25,000 of coverage for damaged propery.

Liability coverage protects against things like structural damage, attorney fees, emergency aid and pain and suffering. How much liability should you purchase? That is up to you, but it’s cheap coverage so purchase higher limits if possible.

Uninsured/Underinsured Motorist (UM/UIM)

This coverage provides protection when the “other guys” either have no liability insurance or not enough. It can pay for injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.

Because many people have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is important protection for you and your family.

Collision coverage

This coverage will pay to fix damage to your Yukon XL resulting from a collision with another vehicle or an object, but not an animal. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision coverage pays for claims like crashing into a building, colliding with a tree and hitting a parking meter. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from lower value vehicles. It’s also possible to bump up the deductible in order to get cheaper collision rates.

Med pay and Personal Injury Protection (PIP)

Med pay and PIP coverage reimburse you for immediate expenses for rehabilitation expenses, ambulance fees, funeral costs and chiropractic care. They are used to cover expenses not covered by your health insurance policy or if you are not covered by health insurance. They cover not only the driver but also the vehicle occupants and also covers any family member struck as a pedestrian. Personal Injury Protection is not universally available but can be used in place of medical payments coverage

Have money to burn

We covered many ideas to save on 2003 GMC Yukon XL insurance. The most important thing to understand is the more times you quote, the higher the chance of saving money. You may even find the best price on insurance is with the least-expected company. Smaller companies can often provide lower rates in certain areas than their larger competitors like State Farm and Allstate.

When getting car insurance quotes online, it’s very important that you do not skimp on coverage in order to save money. There are many occasions where someone dropped full coverage only to regret they didn’t purchase enough coverage. Your goal is to purchase a proper amount of coverage at the best cost, not the least amount of coverage.

Additional detailed information can be found in the articles below: