2014 GMC Yukon Car Insurance Quotes – 5 Ways to Save

Nobody I know likes having to buy insurance, especially knowing they could get a better deal. Due to the large number of companies to choose from, it can be challenging to locate the cheapest insurance company.

It is always a good idea to do rate comparisons at least once a year because insurance rates are constantly changing. Despite the fact that you may have had the lowest premium rates on Yukon coverage six months ago there may be better deals available now. You’ll find quite a bit of inaccurate information about insurance online, but in a few minutes you can learn some good information on how to find affordable insurance.

Find hidden discounts on auto insurance

Companies offering auto insurance do not advertise every available discount very clearly, so we break down a few of the more common as well as the least known discounts that you can inquire about if you buy car insurance online.

Distant College Student Discount – Youth drivers who live away from home at college and won’t have access to an insured vehicle could get you a discount.
Defensive Driver Discounts – Participating in a defensive driver class may get you a small discount depending on where you live.
Paperless Signup – A few auto insurance companies may give you up to $50 get car insurance on your computer.
Bundled Policy Discount – If you can combine your auto and homeowners policy with the same insurance company you may save nearly 15% which can help you find cheaper car insurance.
Claim Free – Good drivers with no accidents can save substantially when compared with accident-prone drivers.

Don’t be shocked that some of the credits will not apply to your bottom line cost. A few only apply to the price of certain insurance coverages like comp or med pay. So even though you would think all the discounts add up to a free policy, insurance companies wouldn’t stay in business.

To find insurance companies that offer discounts, click this link.

Tailor your auto insurance coverage to you

When choosing the right insurance coverage, there really is not a one size fits all plan. Every situation is different and a cookie cutter policy won’t apply. Here are some questions about coverages that might point out if your insurance needs could use an agent’s help.

I have good health insurance, so how much medical payments coverage do I need?
Am I covered if I drive in a foreign country?
What is an SR-22 filing?
How much can I save by bundling my policies?
Is my GMC Yukon covered if I use it for business?
Is my trailer covered?
Am I covered when driving on a suspended license?
Will I lose any money if I cancel my policy before it expires?

If you don’t know the answers to these questions but you think they might apply to your situation, you may need to chat with an agent. If you don’t have a local agent, fill out this quick form or click here for a list of auto insurance companies in your area. It only takes a few minutes and can provide invaluable advice.

Smaller companies may have the best rates

Drivers can’t get away from ads that claim the best prices from the likes of State Farm and Allstate. All the companies make the same claim about savings if you just switch your policy.

How do they all make the same claim? You have to listen carefully.

Insurance companies can use profiling for the right customer that earns them a profit. One example of a desirable risk might be described as between the ages of 30 and 50, has had continuous coverage, and the vehicle is rated for pleasure use. A propective insured who fits those characteristics will probably get cheap car insurance rates and will probably save quite a bit of money when switching.

Potential insureds who fall outside the “perfect” profile will have to pay a more expensive rate with the end result being business going elsewhere. If you pay attention, the ads say “people that switch” not “everyone who quotes” save that much. That’s the way companies can make claims that they all have the best rates. Because every company is different, you should do a price quote comparison at every renewal. You cannot predict which insurance companies will fit you best based on your risk profile.

Car insurance 101

Knowing the specifics of your insurance policy can be of help when determining which coverages you need for your vehicles. The terms used in a policy can be difficult to understand and reading a policy is terribly boring. Listed below are the usual coverages offered by insurance companies.

Collision coverage – This pays for damage to your Yukon resulting from colliding with a stationary object or other vehicle. You have to pay a deductible and then insurance will cover the remainder.

Collision insurance covers claims such as colliding with another moving vehicle, hitting a mailbox, scraping a guard rail and sideswiping another vehicle. Collision is rather expensive coverage, so consider dropping it from older vehicles. Drivers also have the option to raise the deductible in order to get cheaper collision rates.

Comprehensive coverage (or Other than Collision) – Comprehensive insurance pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for claims like rock chips in glass, damage from a tornado or hurricane and fire damage. The maximum payout a insurance company will pay at claim time is the cash value of the vehicle, so if the vehicle’s value is low consider dropping full coverage.

Insurance for medical payments – Med pay and PIP coverage provide coverage for bills for X-ray expenses, chiropractic care and nursing services. They are often used to fill the gap from your health insurance policy or if you lack health insurance entirely. They cover you and your occupants in addition to if you are hit as a while walking down the street. Personal Injury Protection is not universally available but can be used in place of medical payments coverage

Liability coverages – Liability insurance will cover damage that occurs to people or other property by causing an accident. Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. You might see limits of 25/50/25 that means you have a $25,000 limit per person for injuries, $50,000 for the entire accident, and $25,000 of coverage for damaged propery.

Liability insurance covers things such as repair costs for stationary objects, medical expenses, funeral expenses, pain and suffering and bail bonds. How much coverage you buy is up to you, but buy as large an amount as possible.

Uninsured Motorist or Underinsured Motorist insurance – This provides protection when other motorists do not carry enough liability coverage. Covered claims include medical payments for you and your occupants as well as your vehicle’s damage.

Because many people only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. So UM/UIM coverage is very important.

Saving money is sweet as honey

As you quote car insurance, make sure you don’t reduce needed coverages to save money. In too many instances, an insured dropped physical damage coverage only to find out that saving that couple of dollars actually costed them tens of thousands. The goal is to buy enough coverage at a price you can afford, but do not skimp to save money.

We just showed you a lot of tips how to reduce 2014 GMC Yukon insurance premium rates online. It’s most important to understand that the more you quote car insurance, the better your chances of lowering your prices. You may even find the lowest priced car insurance comes from a lesser-known regional company. Regional companies often have lower prices on specific markets compared to the large companies like Progressive or Geico.