I really doubt anyone anticipates paying for insurance, especially knowing they could lower their rates if they shopped around. Due to the large number of online and local companies to choose from, it is hard for the average consumer to find the best company.
It’s a great practice to compare prices as often as possible because prices are variable and change quite frequently. Just because you found the best rate for Yukon XL coverage on your last policy there is a good chance you can find better premium rates now. Block out anything you think you know about insurance because you’re about to learn the tricks you need to know to find better rates and still maintain coverage.
Most major insurance companies like Progressive, Allstate and GEICO provide pricing on the web. Getting online quotes is easy for anyone as you simply type in into a form. Once you submit the form, the company’s rating system will order reports for credit and driving violations and generates a price based on the information you submitted. Online price quotes makes it simple to compare prices but the time it takes to visit each company’s website and repetitively complete many quote forms gets old quite quickly. But it’s very important to have as many quotes as possible if you want to find lower prices.
A better way to locate the lowest prices uses one form that analyzes rates from a lot of companies. It’s a real time-saver, helps eliminate reptitive entry, and makes online price comparison much more enjoyable. As soon as the form is sent, it gets priced and you can select any one of the quotes returned.
If you find a better price you simply finish the application and buy the new coverage. This process takes less than 15 minutes and you will find out if you’re overpaying now.
To compare pricing, simply click here to open in new window and complete the simple form. To compare your current rates, we recommend you duplicate the coverage information identical to your current policy. This makes sure you will be getting a rate comparison using the same coverage and limits.
Some providers do not advertise all available discounts in an easy-to-find place, so the following list contains some of the more common and also the lesser-known credits available to you. If you check and find you aren’t receiving every discount available, you could be getting lower rates.
As a footnote on discounts, most credits do not apply to the entire policy premium. Most only apply to the price of certain insurance coverages like collision or personal injury protection. So when the math indicates you would end up receiving a 100% discount, it’s just not the way it works.
To find providers that offer multiple discounts, click here to view.
When choosing adequate coverage for your personal vehicles, there really is not a “perfect” insurance plan. Coverage needs to be tailored to your specific needs and your policy should reflect that. For example, these questions might point out if your insurance needs could use an agent’s help.
If it’s difficult to answer those questions, you may need to chat with an agent. If you want to speak to an agent in your area, take a second and complete this 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.
Knowing the specifics of your insurance policy can help you determine the best coverages and the correct deductibles and limits. The coverage terms in a policy can be confusing and even agents have difficulty translating policy wording. Shown next are the normal coverages found on the average insurance policy.
Liability car insurance
Liability coverage can cover damage or injury you incur to a person or their property by causing an accident. This coverage protects you against claims from other people. It does not cover damage sustained by your vehicle in an accident.
Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. As an example, you may have policy limits of 100/300/100 which means a $100,000 limit per person for injuries, a limit of $300,000 in injury protection per accident, and a total limit of $100,000 for damage to vehicles and property. Occasionally you may see one number which is a combined single limit which combines the three limits into one amount without having the split limit caps.
Liability can pay for things such as emergency aid, structural damage and medical services. How much liability coverage do you need? That is a personal decision, but you should buy as much as you can afford.
UM/UIM (Uninsured/Underinsured Motorist) coverage
This protects you and your vehicle from other motorists when they are uninsured or don’t have enough coverage. It can pay for injuries to you and your family and damage to your GMC Yukon XL.
Since a lot of drivers only purchase the least amount of liability that is required, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea. Frequently these limits are identical to your policy’s liability coverage.
Comprehensive auto coverage
Comprehensive insurance coverage pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive can pay for claims such as a tree branch falling on your vehicle, vandalism, hitting a deer and damage from getting keyed. The most your insurance company will pay is the actual cash value, so if the vehicle’s value is low it’s not worth carrying full coverage.
Medical payments and PIP coverage
Med pay and PIP coverage provide coverage for bills such as pain medications, chiropractic care, nursing services, doctor visits and dental work. They are used to fill the gap from your health insurance policy or if there is no health insurance coverage. It covers all vehicle occupants as well as if you are hit as a while walking down the street. PIP coverage is only offered in select states but it provides additional coverages not offered by medical payments coverage
This will pay to fix damage to your Yukon XL resulting from colliding with another vehicle or an object, but not an animal. You will need to pay your deductible then your collision coverage will kick in.
Collision coverage protects against things like sustaining damage from a pot hole, crashing into a building and sideswiping another vehicle. Paying for collision coverage can be pricey, so consider removing coverage from vehicles that are older. You can also bump up the deductible to save money on collision insurance.