Save on 2003 GMC Yukon XL Insurance Quotes

Trying to find the cheapest insurance coverage rates for your GMC Yukon XL? Tired of trying to scrape together enough money each month for insurance coverage? You are in the same boat as many other consumers.

Drivers have so many insurance companies to insure vehicles with, and although it’s nice to be able to choose, it makes it harder to find the best rates.

It is always a good idea to compare premium rates yearly since insurance prices change frequently. If you had the lowest price for Yukon XL insurance a couple years back a different company probably has better rate quotes today. Forget all the misinformation about insurance coverage because you’re about to learn the proper way to find lower rates on insurance coverage.

Ways to get auto insurance quotes

To find affordable insurance coverage quotes, there are several ways of comparing rate quotes from different companies. The best way to find affordable 2003 GMC Yukon XL insurance rates is to use the internet to compare rates. This is very easy and can be done in a couple minutes as outlined below.

  1. Experts agree that the best way to find the lowest comparison rates is a comparison rater form click to view form in new window. This form keeps you from doing multiple quote forms for every auto insurance company. In just a few minutes this one form gets coverage cost estimates from multiple companies.
  2. A different way to analyze rates is going to the website of each company and go through the quote process again. For instance, let’s assume you want to get rates from Allstate, Progressive and State Farm. To do that, you would have to spend time on each company’s site to enter the same coverage data repeatedly, which is why first method is reommended. To view a list of companies in your area, click here.
  3. The hardest way to compare rates is going to different agent offices. Buying insurance online eliminates the middleman unless you’re the type of person who wants the peace of mind that only a licensed agent can provide. However, consumers can price shop online and have a local agent actually service the policy.

How you compare quotes is your choice, just do your best to enter nearly identical quote information for each quote you get. If each company quotes different data it will be very difficult to make a fair comparison for your GMC Yukon XL. Just a small difference in coverage limits could mean much higher rates. And when comparing auto insurance rates, know that obtaining a wide range of quotes will improve the odds of getting better pricing.

Get cheaper car insurance rates with discounts

Insurance can cost an arm and a leg, but companies offer discounts that many people don’t even know exist. A few discounts will be applied at quote time, but some may not be applied and must be manually applied prior to receiving the credit.

  • Good Drivers – Accident-free drivers can save up to 40% or more on their insurance coverage quote for Yukon XL insurance than their less cautious counterparts.
  • Accident Free – Drivers who don’t have accidents pay much less compared to insureds who have frequent claims or accidents.
  • Driver’s Ed – Cut your cost by having your teen driver complete a driver education course as it will make them better drivers and lower rates.
  • Theft Prevention System – Anti-theft and alarm system equipped vehicles are less likely to be stolen and qualify for as much as a 10% discount.
  • Discount for Home Ownership – Just being a homeowner can get you a discount since owning and maintaining a home requires personal responsibility.
  • Waiver for an Accident – This isn’t a discount exactly, but some companies like Progressive, Allstate, 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.

Don’t be shocked that most credits do not apply the the whole policy. Most cut specific coverage prices like liability, collision or medical payments. If you do the math and it seems like it’s possible to get free car insurance, that’s just not realistic.

A list of car insurance companies and some of the premium reductions they offer can be read below.

  • State Farm may offer discounts for Steer Clear safe driver discount, anti-theft, passive restraint, Drive Safe & Save, and student away at school.
  • American Family discounts include bundled insurance, early bird, multi-vehicle, mySafetyValet, good student, TimeAway discount, and air bags.
  • AAA offers discounts including good driver, pay-in-full, good student, multi-policy, anti-theft, and education and occupation.
  • GEICO offers premium reductions for multi-policy, five-year accident-free, daytime running lights, driver training, federal employee, anti-lock brakes, and good student.
  • Mercury Insurance has discounts for annual mileage, accident-free, anti-theft, good driver, and type of vehicle.
  • Farmers Insurance may include discounts for homeowner, bundle discounts, youthful driver, multi-car, good student, early shopping, and mature driver.
  • Progressive has savings for online signing, online quote discount, homeowner, good student, multi-vehicle, multi-policy, and continuous coverage.

If you are trying to find the cheapest insurance coverage quotes, ask each insurance company to give you their best rates. Some of the discounts discussed earlier might not be available to policyholders in your area. To view companies with the best discounts, click here to view.

Eight things that influence your insurance costs

Many factors are part of the calculation when quoting car insurance. Some of the criteria are obvious such as traffic violations, although others are not quite as obvious like your vehicle usage or your financial responsibility.Part of the insurance buying process is learning some of the things that aid in calculating the level of your policy premiums. When you understand what influences your rates, this allows you to make good choices that may result in cheaper rates.

The items below are a few of the “ingredients” used by your company to calculate your rates.

  • More than one policy can earn a discount – Lots of insurance companies will give better rates to buyers who carry more than one policy. It’s known as a multi-policy discount. Discounts can add up to anywhere from five to ten percent in most cases. Even if you already get this discount, it’s always a smart idea to check prices from other companies to make sure you are getting the best deal.
  • Pleasure use or commuting – The more you drive every year the higher the price you pay to insure it. The majority of insurers charge to insure your cars determined by how the vehicle is used. Cars and trucks that do not get driven very much get more affordable rates than those that get driven frequently. Improper usage on your Yukon XL can cost quite a bit. Ask your agent if your policy shows the correct usage, because improper ratings can cost you money.
  • Poor credit rating equals high premiums – Credit score factor in your rate calculation. Insureds with excellent credit scores tend to file fewer claims than drivers who have lower ratings. If your credit history can use some improvement, you could save money insuring your 2003 GMC Yukon XL by taking the time to improve your credit score.
  • Experienced drivers pay less – More mature drivers are more responsible, tend to file fewer claims .Youthful drivers are proven to get distracted easily when behind the wheel so they pay higher insurance rates.
  • Occupation impacts rates – Careers like doctors, architects and stock brokers tend to pay higher average rates attributed to high stress and long work hours. On the flip side, careers like professors, historians and the unemployed pay lower than average rates for Yukon XL insurance.
  • Save by driving vehicles with better crash test results – Vehicles with high crash test scores get lower rates. Vehicles engineered for safety protect occupants better and any reduction in injury severity means lower claim amounts passed on to you as lower rates. If your GMC Yukon XL has at least four stars on or an “acceptable” rating on you may qualify for a discount.
  • Which gender costs less? – Over the last 50 years, statistics have shown women are more cautious behind the wheel. However, this does not mean females are better drivers. They both tend to get into accidents in similar numbers, but the males have accidents that have higher claims. Men also statistically get ticketed for serious violations like driving under the influence (DUI).
  • Prevent theft and save – Selecting a car model that has a built-in theft deterrent system can save you a little every year. Anti-theft features such as vehicle immobilizer systems, OnStar, and tracking devices like LoJack all hinder your vehicle from being stolen.

Tailor your insurance coverage coverage to you

When it comes to buying proper insurance coverage for your vehicles, there isn’t really a perfect coverage plan. Everyone’s situation is unique so your insurance needs to address that. These are some specific questions might point out whether or not you will benefit from professional help.

  • Can I get a multi-policy discount?
  • Are rental cars covered under my policy?
  • Does my insurance cover a custom paint job?
  • Do I have coverage for damage caused while driving under the influence?
  • Can I afford to buy a different vehicle if my 2003 GMC Yukon XL is totaled?
  • Am I covered if I drive in a foreign country?

If you’re not sure about those questions but you think they might apply to your situation then you might want to talk to a licensed insurance agent. If you want to speak to 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.

Is there truth in advertising?

Well-known insurance companies like Allstate, GEICO and Progressive continually stream ads on television and other media. They all seem to make the promise about saving some big amount if you change your policy. Is it even possible that every company can charge less that you’re paying now? It’s all in the numbers.

All companies can use profiling for the type of customer that will most likely be profitable. For example, this type of driver may need to be between the ages of 30 and 45, has never had a policy lapse, and drives a safe vehicle. Any new insured that matches those criteria will get very good prices and will probably save if they switch.

Drivers who don’t measure up to the “perfect” profile will probably be forced to pay higher premium rates which results in business not being written. If you listen closely, the ads state “people that switch” not “everyone who quotes” can save as much as they claim. That’s the way insurance companies can make those claims.

This really drives home the point why you should do a rate comparison at every renewal. It is impossible to predict which insurance company will have the lowest rates for your situation.

Auto insurance coverages explained

Having a good grasp of your policy can help you determine appropriate coverage at the best deductibles and correct limits. Policy terminology can be difficult to understand and reading a policy is terribly boring. Listed below are typical coverage types found on the average auto insurance policy.

UM/UIM (Uninsured/Underinsured Motorist) coverage – This protects you and your vehicle’s occupants from other drivers when they are uninsured or don’t have enough coverage. Covered losses include medical payments for you and your occupants as well as damage to your 2003 GMC Yukon XL.

Because many people only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage should not be overlooked. Most of the time these limits do not exceed the liability coverage limits.

Medical payments and PIP coverage – Coverage for medical payments and/or PIP reimburse you for expenses such as EMT expenses, pain medications, dental work and prosthetic devices. They can be utilized in addition to your health insurance program or if you are not covered by health insurance. They cover you and your occupants in addition to if you are hit as a while walking down the street. Personal injury protection coverage is only offered in select states and may carry a deductible

Comprehensive auto coverage – Comprehensive insurance coverage pays for damage OTHER than collision with another vehicle or object. You first have to pay a deductible then your comprehensive coverage will pay.

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

Collision coverages – This covers damage to your Yukon XL from colliding with another car or object. You first must pay a deductible then your collision coverage will kick in.

Collision insurance covers things like driving through your garage door, sideswiping another vehicle, crashing into a building, hitting a parking meter and colliding with a tree. Collision is rather expensive coverage, so you might think about dropping it from lower value vehicles. You can also choose a higher deductible to bring the cost down.

Liability auto insurance – Liability insurance can cover damages or injuries you inflict on other’s property or people that is your fault. This coverage protects you against claims from other people, and doesn’t cover your injuries or vehicle damage.

Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. You commonly see values of 100/300/100 which stand for a $100,000 limit per person for injuries, $300,000 for the entire accident, and a limit of $100,000 paid for damaged property. Alternatively, you may have a combined limit which provides one coverage limit without having the split limit caps.

Liability insurance covers things such as medical expenses, repair bills for other people’s vehicles, medical services, structural damage and funeral expenses. The amount of liability coverage you purchase is up to you, but it’s cheap coverage so purchase as large an amount as possible.

Make an honest buck

As you go through the steps to switch your coverage, do not sacrifice coverage to reduce premiums. Too many times, someone sacrificed liability limits or collision coverage only to find out that saving that couple of dollars actually costed them tens of thousands. Your objective should be to purchase a proper amount of coverage for the lowest cost while still protecting your assets.

Cheaper insurance is definitely available both online in addition to many insurance agents, and you need to comparison shop both in order to have the best price selection to choose from. Some insurance companies may not provide rates over the internet and many times these smaller companies sell through independent insurance agencies.

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Comments About 2003 GMC Yukon XL Insurance

  1. Eugenio Underwood

    Proud to be from Owensboro, KY. Compared rates from a lot of places. Saved roughly $20 a month. Progressive was the cheapest for me. My GMC doesn’t have full coverage.

  2. Keisha Marquez

    I’ve bought from Progressive forever. Cheapest rates in South Burlington, Vermont.

  3. Tabitha Cortez

    Compared auto insurance prices with State Farm and GEICO but still not cheap enough.

  4. Kimberlie Wade

    I switched to 21st Century. Quoted good rates in Indianapolis, IN. Even increased my liability limits. I just quoted rates online. Liability only on my Yukon XL.

  5. Elly Hernandez

    FYI in Evansville, IN try State Farm. I got a good deal.

  6. Charity Justice

    Good detail in your article. I live in a small town just outside of Warwick, RI. Got prices from USAA, AIG Insurance, The General, and Safeco for my GMC and saved $76 a year. I used their website to get prices.

  7. Lindsey Frost

    In Saint Paul, MN, AIG Insurance had the best rates for my 2003 GMC Yukon XL. I just quoted rates online.

  8. Don French

    Not sure what I should be paying. From south side of Norman, Oklahoma. Can’t remember who all I quoted but I ended up saving about $20 each month. Thankfully I have a good driving record. Hardly afford to drive anymore.

  9. Terrell Jefferson

    Will State Farm raise rates for a rock chip claim?

  10. Amos Crosby

    Will Allstate raise rates for a windshield claim?

  11. Adam Meadows

    I’m in the west part of Eugene, OR. I compared lots of rates. Saved about $20 a month. 21st Century was the cheapest for me. I increased coverages a little too. Did it all online.

  12. Dulce Potts

    I got quite a few price quotes for a 2003 GMC Yukon XL in Owensboro, Kentucky. Ended up at about $90 every six months with AAA. Was with Allstate. Good multi-policy discounts. Can still barely afford it. Anyone else drop full coverage?

  13. Derek Roth

    Cheap is not always the best policy. I’m in Davenport, IA. Received quotes with Progressive, Hanover, and Eastwood for my Yukon XL and saved $70 a year. I have a teen driver too. Not worth enough to pay for comprehensive and collision.

  14. Rex Owen

    Lots of useful info here. From south side of Columbia, South Carolina. Received rates from AIG Insurance, Nationwide, and Travelers for my GMC and I think I saved about $20 each month. Was with Eastwood. Just waiting to see how claims go. Only insure liability on my GMC.

  15. Jamal Clark

    Lifelong resident of Hilo, Hawaii. Quoted a bunch of companies. Saved roughly $20 a month. Allstate was the most affordable for me. Left USAA to switch. Have a couple speeding tickets too.