2014 GMC Yukon XL Insurance Cost

Tired of not being able to afford to insure your GMC every month? You’re in the same situation as the majority of other car owners. Since consumers have many options, it’s nearly impossible to find the lowest cost provider.

Factors determining your GMC Yukon XL insurance premium

An important part of buying insurance is that you know the factors that play a part in calculating car insurance rates. Knowing what determines base rates helps enable you to make changes that may reward you with lower car insurance prices.

  • Battle of the sexes – Statistics demonstrate women are more cautious behind the wheel. However, this does not mean men are worse drivers. They both tend to get into accidents at a similar rate, but the males have costlier accidents. They also get more serious tickets like DUI and reckless driving. Teenage male drivers are several times more likely to be in an accident and therefore have the most expensive car insurance rates.
  • Mature drivers pay less – Teen drivers are known to be less responsible when behind the wheel so they pay higher car insurance rates. Older insureds tend to be more responsible, statistically cause fewer accidents and receive fewer citations.
  • The more you drive the more you pay – The more miles you rack up on your GMC each year the more you will pay for car insurance. Most companies apply a rate based on how the vehicle is used. Vehicles that are left in the garage get more affordable rates compared to those used for work or business. Improper usage on your Yukon XL can cost quite a bit. Verify your car insurance policy is rated on how each vehicle is driven.
  • Having a spouse can save you money – Having a wife or husband can get you a discount on car insurance. It means you’re more responsible and statistics show being married results in fewer claims.
  • Do you need those extra coverages? – There are quite a few extra coverages you can purchase when buying car insurance. Insurance for roadside assistance, better glass coverage and membership fees may be wasting your money. These may sound like a good investment initially, but your needs may have changed so eliminate the coverages to reduce your premium.
  • How many coverages with the same company – Many car insurance companies will give a discount to people who carry more than one policy. It’s known as a multi-policy discount. Discounts can amount to ten or even up to twenty percent in some cases. Even if you’re getting this discount it’s still a good idea to shop around to ensure the best deal.
  • Your car insurance rates can be influenced by your job – Occupations like lawyers, architects and stock brokers have the highest rates because of high stress levels and lengthy work days. On the other hand, professions such as pilots, students and retirees get better rates for Yukon XL coverage.

How to Get Insurance Comparison Quotes

Getting a cheaper price on 2014 GMC Yukon XL insurance can be quick and easy. All that’s required is to invest a few minutes comparing price quotes provided by online insurance companies. This can be done using a couple different methods.

The first (and easiest) way to find low rates is a comparison rater form (click to open form in new window). This type of form prevents you from having to do multiple quote forms for each company. Taking the time to complete one form gets you price quotes from several companies.

A different way to analyze rates is going to the website for each individual company to complete their respective quote request forms. For sake of this example, let’s assume you want to compare rates from USAA, 21st Century and Geico. To find out each rate you need to visit each site and enter your policy data, and that’s why the first method is more popular.

To view a list of companies in your area, click here.

It doesn’t matter which method you choose, just make darn sure you compare identical information for every quote you compare. If you enter different limits and deductibles on each one it’s impossible to make an equal comparison.

Do you qualify for a discount?

Companies don’t always list every available discount in a way that’s easy to find, so here is a list some of the best known and the more hidden savings tricks you should be using. If you aren’t receiving every discount available, you are throwing money away.

  • Good Student Discount – This discount can get you a discount of up to 25%. The good student discount can last well after school through age 25.
  • Multi-car Discount – Insuring more than one vehicle on the same insurance policy may reduce the rate for each vehicle.
  • Accident Waiver – A handful of insurance companies allow you one accident without raising rates so long as you haven’t had any claims for a certain period of time.
  • Drivers Ed for Students – Cut your cost by having your teen driver enroll in driver’s education if offered at their school.
  • Student in College – Children who attend school more than 100 miles from home and don’t have a car may be able to be covered for less.
  • Early Switch Discount – Some insurance companies reward drivers for switching policies before your current policy expires. It’s a savings of about 10%.
  • Memberships – Being a member of certain professional organizations is a good way to get lower rates when shopping for insurance for Yukon XL coverage.

As a disclaimer on discounts, some credits don’t apply to all coverage premiums. Most cut the cost of specific coverages such as comp or med pay. Just because it seems like you could get a free insurance policy, companies don’t profit that way.

To see a list of insurance companies offering insurance discounts, follow this link.

What coverages do I need?

When buying adequate coverage, there really is no “best” method to buy coverage. Your needs are not the same as everyone else’s and a cookie cutter policy won’t apply. Here are some questions about coverages that could help you determine if your situation might need professional guidance.

  • Am I covered when delivering products for my home-based business?
  • How much underlying liability do I need for an umbrella policy?
  • Is my 2014 GMC Yukon XL covered for smoke damage?
  • Do I need added coverage for expensive stereo equipment?
  • What are the financial responsibility laws in my state?
  • Does having multiple vehicles earn me a discount?
  • Do I need replacement cost coverage on my 2014 GMC Yukon XL?
  • Do I need medical payments coverage since I have good health insurance?
  • How much liability coverage do I need in my state?
  • When do I need to add a new car to my policy?

If you can’t answer these questions but you think they might apply to your situation, then you may want to think about talking to an agent. If you want to speak to an agent in your area, take a second and complete this form or click here for a list of car insurance companies in your area. It only takes a few minutes and can help protect your family.

Car insurance coverage options for a 2014 GMC Yukon XL

Learning about specific coverages of car insurance can be of help when determining the best coverages and the correct deductibles and limits. Policy terminology can be ambiguous and nobody wants to actually read their policy. These are the usual coverages available from car insurance companies.

Coverage for collisions

This coverage covers damage to your Yukon XL resulting from colliding with an object or car. You have to pay a deductible then your collision coverage will kick in.

Collision coverage protects against things like hitting a parking meter, driving through your garage door, sideswiping another vehicle and damaging your car on a curb. Collision is rather expensive coverage, so consider dropping it from older vehicles. Drivers also have the option to raise the deductible to bring the cost down.

Uninsured/Underinsured Motorist (UM/UIM)

Uninsured or Underinsured Motorist coverage protects you and your vehicle from other drivers when they are uninsured or don’t have enough coverage. This coverage pays for medical payments for you and your occupants and damage to your 2014 GMC Yukon XL.

Because many people have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is a good idea.

Liability auto insurance

Liability insurance can cover damages or injuries you inflict on other people or property. It protects you from legal claims by others. It does not 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 limits of 50/100/50 which means $50,000 bodily injury coverage, a per accident bodily injury limit of $100,000, and property damage coverage for $50,000.

Liability insurance covers things such as attorney fees, structural damage, medical services and emergency aid. The amount of liability coverage you purchase is a personal decision, but you should buy as much as you can afford.

Comprehensive insurance

This will pay to fix damage from a wide range of events other than collision. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive insurance covers claims like a tree branch falling on your vehicle, hitting a bird, damage from flooding, hitting a deer and a broken windshield. The highest amount your car insurance company will pay is the actual cash value, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.

Med pay and Personal Injury Protection (PIP)

Personal Injury Protection (PIP) and medical payments coverage reimburse you for expenses like pain medications, nursing services and rehabilitation expenses. They can be used to cover expenses not covered by your health insurance policy or if you do not have health coverage. They cover all vehicle occupants and also covers being hit by a car walking across the street. Personal injury protection coverage is not an option in every state and may carry a deductible

Pennies from heaven

In this article, we presented many ways to save on 2014 GMC Yukon XL insurance. It’s most important to understand that the more providers you compare, the higher the chance of saving money. You may even find the lowest rates come from a company that doesn’t do a lot of advertising. Smaller companies may cover specific market segments cheaper compared to the large companies like Allstate, Geico and Progressive.

As you go through the steps to switch your coverage, it’s very important that you do not buy poor coverage just to save money. In many cases, consumers will sacrifice physical damage coverage to discover at claim time they didn’t have enough coverage. Your focus should be to purchase a proper amount of coverage at a price you can afford.

For more information, feel free to visit the following helpful articles: