2007 GMC Yukon Insurance Rates

Trying to find cheaper auto insurance rates for your GMC Yukon? If you’ve never shopped for auto insurance online, it’s easy to be confused due to the large number of auto insurance companies all offering big savings.

It’s a good idea to price shop coverage at least once a year because insurance rates are rarely the same from one policy term to another. Even if you think you had the lowest price on Yukon insurance a couple years back you may be paying too much now. Forget anything you know (or think you know) about auto insurance because we’re going to demonstrate the things you must know in order to buy cheaper auto insurance.

Take advantage of discounts

Insurance can be prohibitively expensive, but companies offer discounts to help bring down the price. Larger premium reductions will be automatically applied when you purchase, but a few must be specifically requested before they will apply.

  • Auto/Home Discount – When you have multiple policies with one company you could get a discount of at least 10% off all policies.
  • Passive Restraint Discount – Vehicles with factory air bags can qualify for discounts of 20% or more.
  • Early Signing – Some companies give discounts for signing up before your current expiration date. This can save 10% or more.
  • Pay Upfront and Save – If paying your policy premium upfront instead of making monthly payments you may reduce your total bill.
  • Anti-lock Brake System – Cars that have steering control and anti-lock brakes prevent accidents and will save you 10% or more.
  • Seat Belts Save more than Lives – Using a seat belt and requiring all passengers to wear their seat belts can save up to 15% on the medical payments or PIP coverage costs.
  • Safety Course Discount – Taking part in a course in driver safety could possibly earn you a 5% discount if your company offers it.
  • Safe Driver Discount – Drivers who avoid accidents may receive a discount up to 45% less on Yukon insurance than their less cautious counterparts.
  • Memberships – Affiliation with a civic or occupational organization may earn a discount when shopping for car insurance on Yukon insurance.
  • Accident Waiver – A few companies permit an accident before raising your premiums as long as you don’t have any claims prior to the accident.

As a disclaimer on discounts, most of the big mark downs will not be given to the entire cost. Some only reduce the cost of specific coverages such as medical payments or collision. Just because it seems like having all the discounts means you get insurance for free, it just doesn’t work that way. Any qualifying discounts will cut your overall premium however.

Car insurance companies that may have these money-saving discounts may include but are not limited to:

It’s a good idea to ask each company how you can save money. Discounts may not be available in every state.

The easiest way to get rate comparisons is to know the trick most larger insurance companies allow for online access to give free rates quotes. The only thing you need to do is provide details including if you’re married, whether you drive to work or school, if it has an anti-theft system, and if a SR-22 is needed. Your details is instantly provided to multiple top-rated companies and you will get price comparisons very quickly.

Lesser-known factors impacting GMC Yukon insurance rates

An important part of buying insurance is that you know some of the elements that come into play when calculating the rates you pay for auto insurance. When you know what positively or negatively impacts premium levels helps enable you to make changes that can help you get much lower annual insurance costs.

  • Don’t buy coverages you don’t need – There are quite a few additional coverages that you can get tricked into buying on your Yukon policy. Coverages like rental car reimbursement, accidental death and additional equipment coverage are some examples. They may seem good when you first buy your policy, but now you might not need them so get rid of them and save.
  • Safer cars cost less to insure – Vehicles with good safety scores get lower rates. Safer cars have better occupant injury protection and any reduction in injury severity translates into savings for insurance companies and thus lower rates. If your GMC Yukon has ratings of a minimum an “acceptable” rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website you are probably receiving a discount.
  • A lapse in coverage is a bad thing – Allowing your coverage to lapse will be a sure-fire way to bump up your auto insurance costs. And not only will insurance be more expensive, getting caught without coverage can result in a license revocation or jail time.You may need to submit proof of financial responsibility or a SR-22 with your state department of motor vehicles.
  • Rates may be lower depending on your job – Occupations such as lawyers, business owners and dentists are shown to have the highest average rates because of job stress and long work hours. Other occupations like scientists, historians and the unemployed pay the least on Yukon insurance.
  • Clean credit earns discounts – Having a bad credit rating is a large factor in determining what you pay for auto insurance. People with high credit ratings tend to be more responsible as compared to drivers with poor credit. Therefore, if your credit score can use some improvement, you could save money insuring your 2007 GMC Yukon by spending a little time repairing your credit.
  • Men pay higher rates – The statistics show women tend to be less risk to insure than men. However, don’t assume that women are better drivers. Women and men tend to get into accidents in similar numbers, but the men cause more damage and cost insurance companies more money. Men also statistically receive more costly citations such as reckless driving.
  • Theft deterrents lower rates – Purchasing a vehicle with a theft deterrent system can help lower your rates. Anti-theft devices such as vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems all aid in stopping car theft.

How to know if you need help

When buying proper insurance coverage, there is no “best” method to buy coverage. Each situation is unique.

For instance, these questions can help discover if your situation would benefit from an agent’s advice.

  • Is borrowed equipment or tools covered if stolen or damaged?
  • Am I covered if I hit a deer?
  • Is my business laptop covered if it gets stolen from my vehicle?
  • Who is covered by my policy?
  • How can I get high-risk coverage after a DUI?
  • Do I need higher collision deductibles?
  • Does coverage extend to Mexico or Canada?
  • How much liability coverage do I need in my state?
  • Should I buy more coverage than the required minimum liability coverage?
  • Can I afford to buy a different vehicle if my 2007 GMC Yukon is totaled?

If you don’t know the answers to these questions but you know they apply to you, you might consider talking to an insurance agent. If you want to speak to an agent in your area, complete this form.

Buyer beware of car insurance advertising tricks

Companies like State Farm, GEICO and Progressive consistently run ads on TV and radio. All the ads make the same claim of big savings if you change your policy. How does each company make almost identical claims?

Insurance companies are able to cherry pick for the driver they prefer to insure. For instance, a desirable insured could possibly be over the age of 40, has no prior claims, and has a short commute. Any new insured who meets those qualifications gets the lowest rates and as a result will probably pay quite a bit less when switching companies.

Potential insureds who don’t qualify for this ideal profile will be charged more money which usually ends up with the customer not buying. The ad wording is “customers who switch” not “everyone that quotes” save that kind of money. That’s why companies can truthfully advertise the savings.

That is why drivers should get as many quotes as possible. It’s just too difficult to predict the company that will have the lowest GMC Yukon insurance rates.

Auto insurance coverage breakdown

Having a good grasp of a auto insurance policy aids in choosing appropriate coverage and proper limits and deductibles. Policy terminology can be confusing and coverage can change by endorsement.

Comprehensive or Other Than Collision

This covers damage OTHER than collision with another vehicle or object. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive coverage protects against things like theft, a tree branch falling on your vehicle, hail damage, falling objects and a broken windshield. The most a auto insurance company will pay at claim time is the actual cash value, so if it’s not worth much more than your deductible consider dropping full coverage.

Liability car insurance

This coverage will cover damage that occurs to other people or property. This insurance protects YOU from legal claims by others, and doesn’t cover damage to your own property or vehicle.

Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. You commonly see values of 25/50/25 which stand for $25,000 in coverage for each person’s injuries, a total of $50,000 of bodily injury coverage per accident, and $25,000 of coverage for damaged propery. Another option is one number which is a combined single limit which provides one coverage limit without having the split limit caps.

Liability coverage protects against things like bail bonds, medical expenses, court costs, structural damage and repair bills for other people’s vehicles. How much coverage you buy is a decision to put some thought into, but consider buying as high a limit as you can afford.

UM/UIM Coverage

Uninsured or Underinsured Motorist coverage provides protection when the “other guys” do not carry enough liability coverage. Covered claims include medical payments for you and your occupants as well as damage to your 2007 GMC Yukon.

Due to the fact that many drivers carry very low liability coverage limits, their limits can quickly be used up. So UM/UIM coverage is very important. Usually these limits are set the same as your liablity limits.

Medical costs insurance

Medical payments and Personal Injury Protection insurance provide coverage for bills like surgery, nursing services and pain medications. The coverages can be used to cover expenses not covered by your health insurance plan or if you are not covered by health insurance. They cover all vehicle occupants in addition to any family member struck as a pedestrian. PIP is only offered in select states but can be used in place of medical payments coverage

Collision coverage protection

This pays to fix your vehicle from damage caused by collision with a stationary object or other vehicle. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision insurance covers things like rolling your car, backing into a parked car, sustaining damage from a pot hole and hitting a parking meter. Collision is rather expensive coverage, so consider removing coverage from vehicles that are older. You can also raise the deductible to save money on collision insurance.

Stretch your dollar

As you go through the steps to switch your coverage, never skimp on critical coverages to save a buck or two. In too many instances, an accident victim reduced uninsured motorist or liability limits only to regret that the small savings ended up costing them much more. Your aim should be to find the BEST coverage at the best price, not the least amount of coverage.

Insureds who switch companies do it for a variety of reasons including delays in paying claims, poor customer service, not issuing a premium refund or questionable increases in premium. Whatever your reason, finding a new company can be easy and end up saving you some money.

You just learned quite a bit of information on how to compare 2007 GMC Yukon insurance prices online. The key thing to remember is the more you quote, the higher the chance of saving money. Consumers may even find the lowest premiums are with a small local company.

Much more information about insurance coverage can be found below: