2011 GMC Yukon XL Car Insurance Cost

Are you regretting buying overpriced car insurance? You’re in good company because you are not the only one feeling buyer’s remorse. There is such a variety of insurers to purchase coverage from, and although it’s a good thing to have a selection, so many choices can make it hard to adequately compare rates.

It’s a good idea to get comparison quotes at least once a year because insurance prices are rarely the same from one policy term to another. Just because you had the best rate for Yukon XL insurance on your last policy a different company probably has better premium rates today. Forget anything you know (or think you know) about car insurance because you’re going to learn the fastest and easiest way to lower your annual insurance bill.

How to find cheap auto insurance

There are a variety of methods you can shop for auto insurance but there is one way that is easier and takes less work. You could spend the better part of a day talking about coverages with local insurance agents in your area, or you can stay home and use online quotes to get prices fast.

Many insurance companies participate in an industry program where insurance shoppers enter their policy data once, and every company returns a rated price. This prevents consumers from doing quote forms to each company.

To find out how much you’re overpaying now click here to start a free quote.

The only downside to doing it this way is you cannot specify which carriers to get quotes from. If you would rather choose individual companies to request quotes from, we have a listing of the cheapest auto insurance companies in your area. Click to view list.

Compare rates however you want, just be certain you are entering equivalent coverage data on every quote. If you have different liability limits it will be very difficult to determine which rate is truly the best.

Get lower rates by taking advantage of discounts

Car insurance companies do not advertise the complete list of policy discounts very well, so the list below contains some of the best known in addition to some of the lesser obvious ways to save on insurance coverage.

• Claim-Free Discount – Drivers who don’t have accidents can save substantially as compared to policyholders that have many claims.
• Resident Student – Children who are attending college and won’t have access to an insured vehicle can receive lower rates.
• Auto/Life Discount – Not every insurance company offers life insurance, but if they do you may earn a discount if you purchase some life insurance too.
• Student Discounts – Getting good grades could provide a savings of up to 20% or more. Earning this discount can benefit you up to age 25.
• Renewal Discounts – Some insurance coverage companies give discounts for signing up early. You may see this discount when you get car insurance quotes online.
• Anti-lock Brakes – Anti-lock brake equipped vehicles can avoid accidents so companies give up to a 10% discount.
• Onboard Data Collection – Insureds that choose to allow their insurance coverage company to scrutinize driving manner by using a telematic data system like In-Drive from State Farm and Progressive’s Snapshot might see lower rates if they have good driving habits.
• Membership in Organizations – Having an affiliation with a civic or occupational organization is a simple method to lower premiums on insurance coverage.
• Theft Deterent Discount – Anti-theft and alarm system equipped vehicles can help prevent theft and that can save you a little bit as well.
• Save with a New Car – Insuring a new car can get you a discount because newer vehicles have to meet stringent safety requirements.

Just know that most discounts do not apply to all coverage premiums. Some only reduce the cost of specific coverages such as physical damage coverage or medical payments. Just because it seems like you would end up receiving a 100% discount, companies don’t profit that way.

For a list of companies that offer many of these discounts, click this link.

How much insurance do I need?

When buying proper insurance coverage, there really is no cookie cutter policy. Everyone’s situation is a little different so your insurance needs to address that. For instance, these questions might point out if your insurance needs could use an agent’s help.

• Am I covered by my employer’s commercial auto policy when driving my personal car for business?
• I have a DUI can I still get coverage?
• Which is better, split liability limits or combined limits?
• What is the difference between comprehensive and collision coverage?
• Do I need motorclub coverage?
• Should I bundle my homeowners policy with my auto?

If it’s difficult to answer those questions but a few of them apply, then you may want to think about talking to an agent. To find an agent in your area, fill out this quick form or click here for a list of insurance companies in your area. It is quick, free and you can get the answers you need.

Auto insurance coverages

Having a good grasp of insurance can help you determine the right coverages and the correct deductibles and limits. Insurance terms can be ambiguous and reading a policy is terribly boring. Below you’ll find typical coverages found on most insurance policies.

Medical expense coverage

Coverage for medical payments and/or PIP provide coverage for expenses such as nursing services, X-ray expenses, surgery and prosthetic devices. They are used to cover expenses not covered by your health insurance policy or if you are not covered by health insurance. They cover all vehicle occupants as well as if you are hit as a while walking down the street. PIP is not available in all states but can be used in place of medical payments coverage

Liability coverages

Liability coverage can cover injuries or damage you cause to a person or their property by causing an accident. This coverage protects you from legal claims by others. Liability doesn’t cover your own vehicle damage or injuries.

It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. You might see limits of 100/300/100 that translate to $100,000 bodily injury coverage, $300,000 for the entire accident, and property damage coverage for $100,000. Occasionally you may see a combined limit which limits claims to one amount without having the split limit caps.

Liability insurance covers claims such as attorney fees, emergency aid, legal defense fees, court costs and bail bonds. How much liability should you purchase? That is up to you, but it’s cheap coverage so purchase as much as you can afford.

Uninsured or underinsured coverage

Uninsured or Underinsured Motorist coverage protects you and your vehicle from other drivers when they either have no liability insurance or not enough. It can pay for hospital bills for your injuries and damage to your GMC Yukon XL.

Because many people have only the minimum liability required by law, their limits can quickly be used up. For this reason, having high UM/UIM coverages is important protection for you and your family. Usually your uninsured/underinsured motorist coverages are identical to your policy’s liability coverage.

Comprehensive protection

Comprehensive insurance coverage covers damage from a wide range of events other than collision. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage pays for things such as a tree branch falling on your vehicle, falling objects and a broken windshield. The maximum payout a insurance company will pay at claim time is the actual cash value, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.

Collision coverage

Collision insurance will pay to fix damage to your Yukon XL resulting from a collision with another vehicle or an object, but not an animal. You first must pay a deductible and then insurance will cover the remainder.

Collision can pay for things such as colliding with another moving vehicle, hitting a parking meter, sideswiping another vehicle and rolling your car. Collision is rather expensive coverage, so you might think about dropping it from older vehicles. You can also raise the deductible to get cheaper collision coverage.