Having to pay for overpriced GMC Yukon XL insurance can empty your personal savings and put a big crunch on your finances. Comparing price quotes is free, only takes a few minutes, and is a good way to lower your monthly bill. Companies like Progressive, GEICO and Farmers Insurance constantly blast consumers with catchy ads and it can be hard to not get sucked in by the cute commercials and do the work needed to find the best deal.
If you have a policy now or need a new policy, you can learn to get lower rates while maintaining coverages. Buying car insurance is not rocket science. Drivers just need to know how to compare prices online.
The method we recommend to compare car insurance rates utilizes the fact auto insurance companies provide online access to give rate comparisons. The only thing you need to do is provide the companies a bit of rating information including how you use your vehicles, your education level, how much coverage you want, and if your license is active. That rating data is instantly provided to insurance carriers in your area and you should receive rate quotes instantly.
Auto insurance companies don’t always advertise all available discounts very well, so we break down some of the best known and the more hidden insurance coverage savings. If you don’t get every credit you deserve, you’re paying more than you need to.
Keep in mind that some credits don’t apply to the entire cost. Most only apply to the price of certain insurance coverages like collision or personal injury protection. Just because it seems like it’s possible to get free car insurance, insurance coverage companies aren’t that generous.
Companies that may have some of the above discounts are:
Double check with all companies you are considering what discounts are available to you. Savings may not apply in your area.
When it comes to buying the right insurance coverage for your personal vehicles, there really is not a one size fits all plan. Everyone’s situation is a little different and your policy should reflect that. For example, these questions might point out whether your personal situation might need an agent’s assistance.
If you don’t know the answers to these questions but a few of them apply then you might want to talk to a licensed insurance agent. If you don’t have a local agent, fill out this quick form or you can go here for a list of companies in your area. It is quick, free and may give you better protection.
Understanding the coverages of your policy aids in choosing appropriate coverage at the best deductibles and correct limits. Policy terminology can be impossible to understand and even agents have difficulty translating policy wording. These are the normal coverages available from car insurance companies.
Collision – Collision coverage will pay to fix damage to your Yukon XL caused by collision with another vehicle or an object, but not an animal. You will need to pay your deductible then the remaining damage will be paid by your insurance company.
Collision coverage pays for claims like backing into a parked car, damaging your car on a curb and colliding with another moving vehicle. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from lower value vehicles. Another option is to bump up the deductible in order to get cheaper collision rates.
Liability coverage – This coverage will cover injuries or damage you cause to a person or their property. It protects you from legal claims by others. Liability doesn’t cover your own vehicle damage or injuries.
Liability coverage has 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 25/50/25 that means you have a limit of $25,000 per injured person, a total of $50,000 of bodily injury coverage per accident, and $25,000 of coverage for damaged propery.
Liability insurance covers claims such as bail bonds, funeral expenses, structural damage and pain and suffering. The amount of liability coverage you purchase is a personal decision, but you should buy as large an amount as possible.
Medical payments and PIP coverage – Personal Injury Protection (PIP) and medical payments coverage kick in for expenses such as funeral costs, doctor visits and ambulance fees. They are used to cover expenses not covered by your health insurance policy or if you are not covered by health insurance. It covers you and your occupants and also covers being hit by a car walking across the street. PIP coverage is not an option in every state but it provides additional coverages not offered by medical payments coverage
UM/UIM (Uninsured/Underinsured Motorist) coverage – Your UM/UIM coverage protects you and your vehicle’s occupants from other drivers when they either are underinsured or have no liability coverage at all. This coverage pays for hospital bills for your injuries as well as your vehicle’s damage.
Due to the fact that many drivers only carry the minimum required liability limits, their limits can quickly be used up. This is the reason having UM/UIM coverage is a good idea.
Comprehensive auto coverage – This 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 such as rock chips in glass, hail damage, damage from flooding, hitting a deer and vandalism. The most you can receive from a comprehensive claim is the actual cash value, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.