How Much Does 2016 GMC Yukon XL Insurance Cost?

Trying to find cheaper insurance for your GMC Yukon XL can be an all-consuming task, but you can use our auto insurance buying tips to make it easier.

There is a better way to buy auto insurance and you need to know the absolute fastest way to quote coverages for your GMC and find the cheapest rates from local insurance agents and online providers.

Consumers should take time to quote other rates quite often because auto insurance prices tend to go up over time. Just because you had the best rate on Yukon XL coverage a year ago you can probably find a lower rate today. Forget all the misinformation about auto insurance because you’re about to learn one of the quickest ways to find great coverage at a great price.

If you are insured now or need new coverage, you will benefit by learning to shop for the lowest rates and possibly find even better coverage. Locating the best car insurance coverage is simple if you know the tricks. Consumers just need to understand how to compare price quotes online.

Learn how to lower your insurance costs

Many factors are taken into consideration when you get a price on insurance. Some are obvious such as your driving history, but other factors are more transparent such as your credit history and annual miles driven.One of the most helpful ways to save on car insurance is to to have a grasp of the different types of things that are used to determine the rates you pay for car insurance. When you know what positively or negatively positively or negatively impacts your premiums, this enables informed choices that may result in lower car insurance prices.

The items below are most of the major factors used by companies to determine your premiums.

  • Higher physical damage deductibles are cheaper – Your deductibles represent how much money you are willing to pay if a claim is determined to be covered. Insurance for physical damage to your car, termed comprehensive and collision coverage on your policy, insures against damage to your car. Examples of some claims that would be covered are rearending another vehicle, collision with a deer, or theft of your vehicle. The more you are required to pay out-of-pocket, the less your car insurance will be on Yukon XL coverage.
  • A lcar insurance policy lapse is a bad thing – Allowing your coverage to lapse is a quick way to increase your renewal premiums. Not only will you pay higher rates, the inability to provide proof of insurance may result in fines and jail time.
  • Job can influence rates – Did you know your job can affect your rates? Occupations such as fire fighters, executives and accountants are shown to have higher rates than the rest of us in part from high stress and incredibly demanding work hours. Other occupations such as scientists, students and performers have lower than average premiums on Yukon XL coverage.
  • Rural areas have lower prices – Being located in a small town has it’s advantages when talking about car insurance. Fewer drivers and short commutes means fewer accidents in addition to lower liability claims People who live in big cities regularly have much more traffic and higher rates of accident claims. Higher commute times statistically corresponds to a higher accident and claim rate.
  • Additional coverages that may be costing you – There are a lot of extra bells and whistles that sound like a good idea at the time but may not be useful. Things like roadside assistance, accident forgiveness, and motor club memberships are some examples. They may seem like a good idea when you first buy your policy, but if you have no use for them eliminate the coverages to reduce your premium.
  • High credit score translates to low prices – A driver’s credit history can be a huge factor in calculating your premium rate. Insureds that have very high credit ratings tend to be better drivers and file fewer claims than drivers who have lower credit scores. If your credit history can be improved, you could potentially save money when insuring your 2016 GMC Yukon XL if you improve your credit rating.

Discounts to earn cheaper insurance coverage rates

Buying insurance coverage is not cheap, but there’s a good chance there are discounts that you may not know about. Some trigger automatically when you quote, but once in a while a discount must be asked about before they will apply. If you do not check that you are getting every discount you deserve, you could be saving more on your insurance coverage.

  • Safety Restraint Discount – Requiring all passengers to use a seat belt can save 10% or more on medical payment and PIP coverage.
  • Senior Discount – Drivers over the age of 55 may be able to get a small discount on rates on Yukon XL coverage.
  • Discounts for Multiple Vehicles – Buying coverage for multiple cars on one policy may reduce the rate for each vehicle.
  • Accident Forgiveness – This one is not really a discount per se, but companies like Progressive, Allstate, and GEICO will forgive one accident before your rates go up so long as you haven’t had any claims prior to the accident.
  • Discount for Life Insurance – Not every insurance company offers life insurance, but if they do you may earn a lower insurance coverage rate if you buy a life insurance policy as well.
  • Paperwork-free – Many insurance coverage companies will give a small break for buying your policy on your computer.
  • Fewer Miles Equal More Savings – Low mileage vehicles may allow you to get lower rates due to less chance of an accident.
  • Own a Home and Save – Owning a home may trigger a policy discount on insurance coverage since home ownership requires personal responsibility.

As a footnote on discounts, most discount credits are not given to the entire policy premium. Most only apply to specific coverage prices like comprehensive or collision. Just because you may think you could get a free insurance coverage policy, you’re out of luck.

A few of the larger companies and some of the discounts are included below.

  • Mercury Insurance has savings for ease of repair, multi-car, good driver, low natural disaster claims, age of vehicle, professional/association, and accident-free.
  • Farmers Insurance offers discounts including pay in full, switch companies, electronic funds transfer, teen driver, business and professional, and mature driver.
  • Farm Bureau discounts include driver training, multi-vehicle, youthful driver, multi-policy, renewal discount, and good student.
  • State Farm has discounts for defensive driving training, driver’s education, multiple autos, student away at school, anti-theft, safe vehicle, and passive restraint.
  • Allstate may have discounts that include senior citizen, defensive driver, economy car, anti-theft, new car, and good payer.
  • GEICO offers discounts for daytime running lights, emergency military deployment, membership and employees, military active duty, defensive driver, air bags, and five-year accident-free.

When getting a coverage quote, ask every prospective company what discounts are available to you. Depending on the company, some discounts may not apply in your area. To see a list of insurers who offer insurance coverage discounts, click here to view.

Tailor your car insurance coverage to you

When buying coverage for your personal vehicles, there really is no best way to insure your cars. Everyone’s needs are different.

For example, these questions may help highlight if your insurance needs might need an agent’s assistance.

  • Is my GMC Yukon XL covered if I use it for business?
  • Am I covered when driving on a suspended license?
  • Is my 2016 GMC Yukon XL covered for flood damage?
  • Are rock chip repairs covered?
  • Why am I required to buy high-risk coverage?
  • Does my policy cover me when driving someone else’s vehicle?
  • Who is covered by my policy?
  • What is covered by UM/UIM coverage?
  • Does my 2016 GMC Yukon XL qualify for pleasure use?

If you don’t know the answers to these questions, you might consider talking to a licensed insurance agent. If you don’t have a local agent, complete this form. It is quick, free and you can get the answers you need.

Auto insurance coverage considerations

Having a good grasp of your auto insurance policy aids in choosing appropriate coverage at the best deductibles and correct limits. The terms used in a policy can be difficult to understand and reading a policy is terribly boring.

Medical payments and PIP coverage – Personal Injury Protection (PIP) and medical payments coverage provide coverage for immediate expenses such as ambulance fees, nursing services and rehabilitation expenses. The coverages can be used in conjunction with a health insurance program or if you are not covered by health insurance. It covers you and your occupants and also covers if you are hit as a while walking down the street. PIP is not universally available and gives slightly broader coverage than med pay

Comprehensive auto coverage – This coverage pays for damage from a wide range of events other than collision. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive coverage protects against things such as hitting a bird, a broken windshield, damage from a tornado or hurricane and hitting a deer. The highest amount you can receive from a comprehensive claim 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.

Auto liability – Liability coverage provides protection from damage or injury you incur to people or other property by causing an accident. It protects YOU against claims from other people. Liability doesn’t cover your injuries or vehicle damage.

It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show values of 50/100/50 that means you have $50,000 in coverage for each person’s injuries, a limit of $100,000 in injury protection per accident, and a total limit of $50,000 for damage to vehicles and property. Occasionally you may see a combined limit that pays claims from the same limit and claims can be made without the split limit restrictions.

Liability insurance covers claims such as bail bonds, structural damage, loss of income and medical services. How much coverage you buy is a decision to put some thought into, but you should buy as high a limit as you can afford.

Collision coverage – This covers damage to your Yukon XL from colliding with an object or car. A deductible applies then the remaining damage will be paid by your insurance company.

Collision coverage protects against things such as crashing into a ditch, colliding with another moving vehicle, backing into a parked car, scraping a guard rail and hitting a parking meter. Collision coverage makes up a good portion of your premium, so consider removing coverage from older vehicles. You can also bump up the deductible to save money on collision insurance.

UM/UIM (Uninsured/Underinsured Motorist) coverage – This protects you and your vehicle from other drivers when they either have no liability insurance or not enough. Covered claims include injuries to you and your family and also any damage incurred to your GMC Yukon XL.

Since a lot of drivers only carry the minimum required liability limits, their limits can quickly be used up. So UM/UIM coverage is very important. Frequently the UM/UIM limits are set the same as your liablity limits.

Don’t be a big spender

Consumers change insurance companies for many reasons like denial of a claim, questionable increases in premium, delays in paying claims or policy cancellation. Whatever your reason, finding a new insurance coverage company can be less work than you think.

When buying insurance coverage, do not buy lower coverage limits just to save a few bucks. In many instances, consumers will sacrifice liability coverage limits only to regret that they should have had better coverage. Your goal is to find the BEST coverage at an affordable rate, but don’t skip important coverages to save money.

Cost effective 2016 GMC Yukon XL insurance is attainable on the web in addition to local insurance agencies, and you need to comparison shop both in order to have the best chance of saving money. A few companies do not offer price quotes online and most of the time these regional insurance providers work with independent insurance agents.

Additional detailed information is located in the articles below:

Comments About 2016 GMC Yukon XL Insurance

  1. Zoraida Avery

    I think Progressive has low rates in Nebraska. For me anyway.

  2. Brain Moran

    Just my two cents. I’m in Birmingham, Alabama. I got free prices from GEICO, AIG Insurance, Esurance, and GMAC for my 2016 GMC Yukon XL and I’m now saving $52 a month. I’m a pretty good driver though.

  3. Sidney Larson

    I got decent rates for a 2016 GMC Yukon XL in Parkersburg, WV. Ended up at right around $560 every six months with Amica. I have a couple other vehicles on the policy. You can get a rate quote online.

  4. Kathline Bush

    If you have a good history and live in the vicinity of Dallas, TX, check out Progressive. They seem to be cheaper. Have an at-fault accident tho. Might find lower rates online.

  5. Roslyn Bowers

    Thought I’d throw in my experience. Live in Burlington, VT. Checked online prices for a 2016 GMC Yukon XL. Ended up at about $560 savings annually. Went with Progressive. I get a discount for insuring multiple vehicles. Bought it from an online quote.

  6. Norine Grimes

    If you don’t have tickets and live near Charleston, WV, check out State Farm. They seem to be cheaper. I used their website to get prices.

  7. Towanda Koch

    Liked the article. Lifelong resident of Fayetteville, AR. Quoted a bunch of companies. Saved darn near $40 a month. GEICO was the cheapest for me.

  8. Glen Jordan

    Enjoyed the article. Live in Birmingham, AL. Got prices from USAA, AIG Insurance, GMAC, and Mercury for my 2016 GMC Yukon XL and am saving around $190 a year. Even increased coverage a bit.

  9. Michel Day

    Live in the eastern part of Parkersburg, WV. Quoted prices online for a 2016 GMC Yukon XL. Ended up at about $290 savings annually. Went with GEICO. Left MetLife to switch. Hardly afford to drive anymore.

  10. Carline Santos

    If you have a good history and live near Worcester, MA, check out GEICO. You might get cheaper rates. Insured with Amica before. Moved home policy as well. I recommend comparing lots of rates.

  11. Luvenia Schmidt

    From northwest of Milwaukee, Wisconsin. I don’t recall every quote but I ended up saving about $70 each month.

  12. Cristie Dickerson

    Are Progressive rates cheap in Louisiana?

  13. Sarai Petty

    I live just to the west of Worcester, Massachusetts. Quoted a bunch of companies. Saved darn near $60 a month. GEICO was the most affordable for me. They offer free online rate quotes.