1999 GMC Yukon Insurance Rates

Think you have an underperforming, overpriced car insurance policy? Believe me, there are lots of people in the same boat. Companies like Geico and Progressive constantly blast consumers with catchy ads and consumers find it hard to ignore the flashy ads and find the best price available.

If you have a current auto insurance policy or are looking for a new policy, you can learn to get lower rates and still get good coverage. Finding affordable coverage is not that difficult. Consumers just need to know how to compare rates on the web.

Informed consumers save on insurance

One of the most helpful ways to save on car insurance is to to have a grasp of some of the things that aid in calculating the price you pay for car insurance. If you have some idea of what influences your rates, this allows you to make good choices that may result in much lower annual insurance costs.

Listed below are most of the major factors used by insurance companies to determine prices.

• Rates can drop if you have more than one policy – The majority of companies give a discount for people that buy multiple policies in the form of a multi-policy discount. The discount can be 10 percent or more. Even if you already get this discount, you may still want to compare other company rates to confirm you are receiving the best rates possible.
• Gaps in coverage mean higher car insurance rates – Driving without insurance is a misdemeanor and any future policy may cost more because you let your insurance coverage expire. Not only will you pay more, being ticketed for driving with no insurance could earn you fines and jail time. You could then be forced to provide proof of insurance in the form of an SR-22 filing with your state motor vehicle department.
• Your gender affects prices – The statistics show that men are more aggressive behind the wheel. However, this does not mean females are better at driving than males. Both sexes cause fender benders in similar numbers, but guys cause more damage and cost insurance companies more money. Men also tend to get higher numbers of serious violations like DUI and reckless driving. Young men ages 16 to 20 tend to get in the most accidents and therefore pay the highest rates.
• Tickets hurt – Even one ticket can increase rates twenty percent or more. Good drivers pay less for auto insurance than bad drivers. Drivers who have received severe citations like hit and run, DWI or reckless driving convictions may find they need to complete a SR-22 with their state’s department of motor vehicles in order to prevent their license from being revoked.
• Long commutes cost more – The higher the miles on your GMC in a year’s time the more you’ll pay to insure your vehicle. Many insurance companies charge to insure your cars determined by how the vehicle is used. Vehicles used primarily for pleasure use receive lower rates than vehicles that are driven to work every day. Incorrect rating for your Yukon can result in significantly higher rates. It’s always a good idea to double check that your car insurance policy shows the correct usage for each vehicle, because it can save money.
• How much liability coverage – The liability section of your policy will protect you if ever you are ruled to be at fault for causing damage or personal injury in an accident. This coverage provides legal defense coverage to defend your case. This coverage is very inexpensive compared to comp and collision, so insureds should have plenty of protection for their assets.
• Teenagers vs. older drivers – Drivers with little experience have a tendency to be easily distracted when driving with friends so they pay higher car insurance rates. If you’ve ever had to add a teen driver onto your car insurance will cause a huge premium hike. Older, more experienced drivers have been proven to be more responsible, cost insurance companies less in claims and are safer drivers.

Which insurance is cheapest?

Finding a lower price on 1999 GMC Yukon insurance isn’t really that difficult. Drivers just need to invest a little time comparing rate quotes from different insurance companies. Rate comparisons can be done using a couple different methods.

The single most time-saving way consumers can make multiple comparisons is a comparison rater form click here to open form in new window. This method eliminates the need for repetitive form submissions for every insurance company. Just one form compares rates direct from many companies.

A slightly less efficient method to analyze rates is going to the website for every company you want to comare and request a quote. For examples sake, we’ll pretend you want rates from Nationwide, Farmers and Geico. In order to compare rates, you need to spend time on each company’s site to input your insurance information, which can take a lot of time. For a list of links to insurance companies in your area, click here.

The method you choose is up to you, but compare apples-to-apples coverage information for each quote you get. If each company quotes unequal deductibles or liability limits it will be impossible to determine the lowest rate for your GMC Yukon.

Insurance coverage savings promises

Consumers can’t avoid all the ads for the lowest price insurance coverage by companies like Progressive, Allstate and Geico. All the ads say the same thing that people will save if you just switch your insurance coverage policy to them.

It sounds good, but how can they all claim to save you money? It’s all in the numbers.

Insurance companies provide the lowest rates for the type of customer that will not have excessive claims. One example of a preferred risk may need to be between the ages of 30 and 50, has had continuous coverage, and has a high credit rating. Anybody that meets those criteria will probably get the lowest prices and as a result will probably save if they switch.

Drivers who don’t qualify for the ideal profile may be required to pay higher premium rates which translates to the customer buying from a different company. The trick companies use is to say “drivers that switch” but not “all drivers who get quotes” will save that much if they switch. That is how insurance companies can confidently make claims that they all have the best rates.

This emphasizes why you really need to get auto insurance quotes from several different companies. It is impossible to guess which company will fit you best based on your risk profile.

Don’t miss these money-saving discounts

Insurance can be pricey, but discounts can save money and there are some available to help offset the cost. Some trigger automatically when you complete an application, but some may not be applied and must be inquired about before being credited.

• Senior Citizens – If you qualify as a senior citizen, you can get better insurance rates for Yukon insurance.
• Homeowners Pay Less – Just owning your own home can save a few bucks because maintaining a house shows financial diligence.
• Active Military Service – Being deployed in the military could mean lower rates.
• Discount for Life Insurance – If the company offers life insurance, you could get better insurancerates if you take out some life insurance too.
• Accident Waiver – Not really a discount, but a few companies such as Liberty Mutual and Geico will let one accident slide without the usual rate increase as long as you don’t have any claims prior to the accident.

It’s important to note that most discount credits are not given to all coverage premiums. A few only apply to individual premiums such as physical damage coverage or medical payments. Just because you may think adding up those discounts means a free policy, nobody gets a free ride.

A list of insurance companies and a selection of discounts include:

• State Farm offers discounts for student away at school, passive restraint, multiple policy, driver’s education, good driver, and defensive driving training.
• Geico has savings for seat belt use, multi-vehicle, anti-theft, membership and employees, and military active duty.
• Progressive includes discounts for good student, online signing, homeowner, multi-vehicle, continuous coverage, multi-policy, and online quote discount.
• 21st Century has discounts for automatic seat belts, air bags, early bird, defensive driver, anti-lock brakes, 55 and older, and student driver.
• American Family policyholders can earn discounts including air bags, multi-vehicle, bundled insurance, Steer into Savings, early bird, and defensive driver.
• The Hartford may have discounts that include good student, defensive driver, driver training, bundle, and anti-theft.
• AAA may offer discounts for multi-car, multi-policy, good student, pay-in-full, education and occupation, anti-theft, and AAA membership discount.

It’s a good idea to ask each insurance company which discounts they offer. Discounts might not be offered on policies in your area.

Do I need special coverages?

When it comes to buying the best insurance coverage, there really is no perfect coverage plan. Everyone’s situation is unique and your policy should reflect that. For instance, these questions might help in determining whether your personal situation would benefit from professional advice.

• Does liability extend to a camper or trailer?
• When does my teenage driver need to be added to my policy?
• What can I do if my company denied a claim?
• Do all my vehicles need collision coverage?
• How much liability do I need to cover my assets?
• Is my cargo covered for damage or theft?
• Am I better off with higher deductibles on my 1999 GMC Yukon?

If you’re not sure about those questions but one or more may apply to you, you might consider talking to a licensed insurance agent. To find an agent in your area, take a second and complete this form or you can go here for a list of companies in your area. It is quick, free and can provide invaluable advice.

Insurance coverage basics

Learning about specific coverages of insurance aids in choosing the right coverages and proper limits and deductibles. The coverage terms in a policy can be confusing and even agents have difficulty translating policy wording. These are the normal coverages available from insurance companies.

Liability insurance

This can cover damage or injury you incur to people or other property that is your fault. This insurance protects YOU from claims by other people, and does not provide coverage for damage sustained by your vehicle in an accident.

Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see liability limits of 25/50/25 that translate to a limit of $25,000 per injured person, a limit of $50,000 in injury protection per accident, and property damage coverage for $25,000. Alternatively, you may have one limit called combined single limit (CSL) which combines the three limits into one amount and claims can be made without the split limit restrictions.

Liability coverage pays for things like attorney fees, medical services and repair bills for other people’s vehicles. How much liability coverage do you need? That is a decision to put some thought into, but you should buy as much as you can afford.

Comprehensive coverage

This coverage pays for damage that is not covered by collision coverage. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for things such as damage from a tornado or hurricane, falling objects, damage from flooding, a tree branch falling on your vehicle and damage from getting keyed. The most you’ll receive from a claim is the cash value of the vehicle, so if the vehicle’s value is low consider dropping full coverage.

Collision insurance

This coverage will pay to fix damage to your Yukon caused by collision with an object or car. You first must pay a deductible and then insurance will cover the remainder.

Collision can pay for claims like colliding with a tree, sustaining damage from a pot hole, backing into a parked car and colliding with another moving vehicle. This coverage can be expensive, so you might think about dropping it from older vehicles. Drivers also have the option to increase the deductible to bring the cost down.

Medical payments coverage and PIP

Med pay and PIP coverage kick in for immediate expenses like rehabilitation expenses, chiropractic care, nursing services and X-ray expenses. They can be utilized in addition to your health insurance policy or if there is no health insurance coverage. Medical payments and PIP cover both the driver and occupants and also covers being hit by a car walking across the street. PIP coverage is not an option in every state and gives slightly broader coverage than med pay

Uninsured/Underinsured Motorist coverage

Your UM/UIM coverage provides protection from other motorists when they either are underinsured or have no liability coverage at all. This coverage pays for injuries sustained by your vehicle’s occupants and damage to your 1999 GMC Yukon.

Since many drivers carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage should not be overlooked. Frequently these coverages do not exceed the liability coverage limits.

A fool and his money are soon parted

Lower-priced insurance coverage is attainable on the web and also from your neighborhood agents, so you should compare both to have the best rate selection. Some companies may not have online price quotes and many times these smaller providers prefer to sell through independent insurance agencies.

Throughout this article, we presented some good ideas how to shop for 1999 GMC Yukon insurance online. It’s most important to understand that the more price quotes you have, the better likelihood of getting cheap auto insurance. You may even discover the lowest premium rates come from the least-expected company. Regional companies may only write in your state and offer lower prices than the large multi-state companies such as State Farm and Allstate.

To learn more, feel free to browse the articles below:

• Car Insurance: When not to Skimp (BankRate.com)
• Property Damage Coverage (Liberty Mutual)
• Car Insurance FAQ (Trusted Choice)
• Insurance Losses by Make and Model (iihs.org)
• Should I Purchase an Umbrella Liability Policy? (Insurance Information Insitute)