How Much Does 2016 GMC Yukon Insurance Cost?

Trying to find the cheapest insurance rates? Buyers have lots of choices when searching for low-cost GMC Yukon insurance. They can either spend hours struggling with agents trying to get quotes or save time using the internet to make rate comparisons.

There are more efficient ways to find insurance online so we’re going to tell you the best way to price shop coverage for a new or used GMC and locate the lowest price from both online companies and local agents.

Consumers should take time to shop coverage around every six months since insurance prices are adjusted regularly by insurance companies. Just because you had the lowest rates on Yukon coverage six months ago there is a good chance you can find better rate quotes now. Forget anything you know (or think you know) about insurance because we’re going to demonstrate the fastest way to properly buy coverages while reducing your premium.

Finding insurance

There are a lot of ways you can shop for insurance but some are less time-consuming than others. You can waste hours discussing policy coverages with local insurance agents in your area, or you could use the internet to achieve your goal.

Many companies participate in an industry program that enables customers to complete one form, and every company then gives them pricing for coverage. This system prevents you from having to do form submissions for each company.

To compare pricing click here to open in new window.

The one disadvantage to pricing coverage this way is that consumers can’t choose the providers to get pricing from. If you would rather choose specific providers for rate comparison, we put together a list of companies who write insurance in your area. View list of insurance companies.

Whichever way you choose to compare rates, try to keep the exact same quote data on every quote you get. If each company quotes different coverage information you will not be able to determine the best price for your GMC Yukon.

Components of your GMC Yukon insurance costs

Multiple criteria are part of the equation when you get your auto insurance bill. Some are pretty understandable like an MVR report, but others are more transparent like your continuous coverage or your commute time.

• Better drivers pay better prices – A bad driving record impacts premiums far more than you think. Careful drivers tend to pay less for car insurance than people who have multiple driving citations. Getting just one citation may cause rates to rise to the point where it’s not affordable. Drivers who have severe violations such as DUI, reckless driving or excessive speeding might be required by their state to prove financial responsibility with their state motor vehicle department in order to legally drive.
• Proper usage rating affects rates – The more you drive your GMC annually the higher the price you pay to insure it. Many insurance companies calculate prices partially by how you use the vehicle. Cars and trucks not used for work or commuting get more affordable rates compared to those used for work or business. Double check that your vehicle rating properly reflects the correct driver usage, because improper ratings can cost you money. An improperly rated Yukon is throwing money out the window.
• Battle of the sexes – Over time, data shows that females tend to be a little less risky than males. Now that doesn’t mean females are better drivers. Men and women cause at-fault accidents at about the same rate, but the males cause more damage. Men also statistically get ticketed for serious violations like DUI and reckless driving. Young males are most likely to cause an accident and therefore are the most expensive to insure.
• Eliminate extra policy coverages – Insurance policies have a lot of extra bells and whistles that can waste your money if you aren’t careful. Coverage for things like rental car reimbursement, better glass coverage, and term life insurance are probably not needed. They may seem good when deciding what coverages you need, but if they’re wasting money eliminate them to save money.
• Better prices on cars with good safety ratings – Cars with high safety ratings tend to have lower insurance rates. Highly rated vehicles help reduce the chance of injuries in an accident and reduced instances of injuries means less money paid by your insurance company and thus lower rates.
• Higher rates for specific employers – Did you know your job can affect your rates? Jobs like lawyers, social workers and accountants generally have higher average rates due to job stress and long work days. On the flip side, jobs such as professors, engineers and the unemployed have lower than average premiums on Yukon coverage.
• Prevent your car from being stolen – Choosing a vehicle with anti-theft technology or alarm system can help bring down rates. Theft deterrent systems such as vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems all help prevent vehicle theft.

Discount car insurance rates

Car insurance is not cheap, but there could be available discounts that you may not know about. Many discounts should be triggered at the time you complete a quote, but occassionally some discounts must be asked for before being credited.

• Switch and Save Discount – Some companies reward drivers for switching policies before your current expiration date. You could save around 10% when you buy auto insurance online.
• Drive Safe and Save – Drivers who avoid accidents may receive a discount up to 45% on Yukon coverage compared to rates paid by drivers with frequent claims.
• Accident-Free Discounts – Drivers who don’t have accidents are rewarded with significantly better rates on auto insurance quote in comparison with drivers with a long claim history.
• Multi-line Discount – Not all car insurance companies offer life insurance, but some may give you a small discount if you purchase a life policy as well.
• Save with More Vehicles Insured – Insuring primary and secondary vehicles on one policy can reduce the rates for all insured vehicles.
• Save with a New Car – Adding a new car to your policy is cheaper due to better safety requirements for new model year vehicles.

While discounts sound great, it’s important to understand that many deductions do not apply to the entire policy premium. Most only cut specific coverage prices like comprehensive or collision. So when the math indicates having all the discounts means you get insurance for free, nobody gets a free ride. But any discount will positively reduce the amount you pay for coverage.

A list of companies and the discounts they provide are outlined below.

• Geico includes discounts for five-year accident-free, emergency military deployment, driver training, multi-policy, and seat belt use.
• Travelers offers premium reductions for new car, driver training, good student, IntelliDrive, and save driver.
• Farm Bureau discounts include multi-vehicle, good student, driver training, youthful driver, safe driver, and multi-policy.
• Liberty Mutual offers discounts including hybrid vehicle, multi-policy, newly retired, teen driver discount, good student, and new graduate.
• American Family may include discounts for bundled insurance, good student, air bags, early bird, TimeAway discount, good driver, and defensive driver.
• Progressive may have discounts that include online quote discount, continuous coverage, multi-vehicle, homeowner, online signing, multi-policy, and good student.

When comparing rates, check with each insurance company how many discounts you can get. Depending on the company, some discounts might not be offered on policies in your area. If you would like to see a list of car insurance companies offering car insurance discounts, follow this link.

Tailor your auto insurance coverage to you

When choosing proper insurance coverage for your vehicles, there really is no perfect coverage plan. Every insured’s situation is different.

These are some specific questions can help discover if your situation will benefit from professional help.

• Is my business laptop covered if it gets stolen from my vehicle?
• What can I do if my company won’t pay a claim?
• When should I buy a commercial auto policy?
• Do I have coverage when pulling a U-Haul trailer?
• What are the best liability limits?
• Should I buy only the required minimum liability coverage?
• Will my rates increase for filing one claim?
• Do I need special endorsements for business use of my vehicle?
• Can I pay claims out-of-pocket if I buy high deductibles?

If it’s difficult to answer those questions, you may need to chat with an insurance agent. To find an agent in your area, simply complete this short form. It’s fast, doesn’t cost anything and can help protect your family.

Insurance coverage options for a 2016 GMC Yukon

Knowing the specifics of your policy aids in choosing the right coverages and the correct deductibles and limits. Policy terminology can be confusing and reading a policy is terribly boring.

UM/UIM (Uninsured/Underinsured Motorist) coverage

This protects you and your vehicle’s occupants from other drivers when they either have no liability insurance or not enough. Covered claims include injuries to you and your family as well as damage to your GMC Yukon.

Since many drivers only purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family. Normally your uninsured/underinsured motorist coverages do not exceed the liability coverage limits.

Comprehensive auto coverage

This covers damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive insurance covers things like hitting a bird, theft, a tree branch falling on your vehicle and vandalism. The maximum amount your insurance company will pay is the cash value of the vehicle, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

Medical payments and PIP coverage

Coverage for medical payments and/or PIP kick in for bills like chiropractic care, prosthetic devices, pain medications and surgery. The coverages can be utilized in addition to your health insurance program or if you are not covered by health insurance. They cover not only the driver but also the vehicle occupants as well as if you are hit as a while walking down the street. PIP coverage is not available in all states but can be used in place of medical payments coverage

Auto liability insurance

This coverage will cover injuries or damage you cause to a person or their property in an accident. This insurance protects YOU from claims by other people. Liability doesn’t cover damage sustained by your vehicle in an accident.

Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show liability limits of 100/300/100 that means you have a limit of $100,000 per injured person, $300,000 for the entire accident, and property damage coverage for $100,000. 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 such as structural damage, court costs, repair costs for stationary objects, medical services and repair bills for other people’s vehicles. How much coverage you buy is your choice, but consider buying as high a limit as you can afford.

Collision insurance

Collision coverage will pay to fix damage to your Yukon resulting from colliding with another car or object. You will need to pay your deductible and then insurance will cover the remainder.

Collision coverage pays for claims like sustaining damage from a pot hole, scraping a guard rail, colliding with another moving vehicle, colliding with a tree and hitting a mailbox. Paying for collision coverage can be pricey, so consider removing coverage from vehicles that are older. You can also bump up the deductible to get cheaper collision coverage.

Be a money saver!

Drivers leave their current company for a number of reasons such as not issuing a premium refund, an unsatisfactory settlement offer, lack of trust in their agent or denial of a claim. Whatever your reason, finding a new auto insurance company can be easy and end up saving you some money.

In this article, we covered some good ideas how you can reduce 2016 GMC Yukon insurance premium rates online. It’s most important to understand that the more price quotes you have, the better chance you’ll have of finding low cost auto insurance. You may be surprised to find that the best premium rates are with some of the lesser-known companies.

As you restructure your insurance plan, make sure you don’t buy less coverage just to save a little money. There are a lot of situations where drivers have reduced full coverage to discover at claim time that it was a big error on their part. Your focus should be to get the best coverage possible at the best cost but still have enough coverage for asset protection.

More resources

• Top Signs Your Brakes are Giving Out (State Farm)
• Comprehensive Coverage (Liberty Mutual)
• Electronic Stability Control FAQ (iihs.org)
• Keeping Children Safe in Crashes Video (iihs.org)
• Five Steps to Filing an Auto Insurance Claim (Insurance Information Insitute)
• Side Impact Crash Tests (iihs.org)