Feel like you’re a prisoner to overpriced car insurance? Trust us when we tell you there are a lot of people just like you who feel imprisoned by their car insurance policy.
Popular companies such as GEICO, Farmers Insurance and State Farm continually bombard you with ads and consumers find it hard to ignore the flashy ads and effectively compare rates to find the best deal.
Are you getting all your discounts?
Insurance can cost an arm and a leg, but there could be available discounts to reduce the price significantly. Most are applied when you purchase, but less common discounts must be requested specifically before you get the savings.
- Auto/Life Discount – Larger companies have lower rates if you buy life insurance.
- Own a Home – Being a homeowner can help you save on car insurance due to the fact that maintaining a home demonstrates responsibility.
- Memberships – Participating in a qualifying organization is a good way to get lower rates on car insurance on Yukon insurance.
- Paperless Signup – A few companies may give you up to $50 for buying a policy and signing up digitally online.
- Seat Belt Usage – Drivers who require all occupants to use a seat belt can save 10% or more on the medical payments or PIP coverage costs.
- More Vehicles More Savings – Buying coverage for multiple cars or trucks with the same company qualifies for this discount.
- Discount for Good Grades – Getting good grades can get you a discount of up to 25%. The good student discount can last up to age 25.
- Distant Student – Children who live away from home and do not have access to a covered vehicle may be able to be covered for less.
- Theft Prevention Discount – Cars that have factory anti-theft systems help deter theft and will save you 10% or more.
- Government Employees – Being employed by or retired from a federal job could cut as much as 10% off on Yukon insurance with a few car insurance companies.
A little note about advertised discounts, most discount credits are not given to your bottom line cost. A few only apply to the cost of specific coverages such as physical damage coverage or medical payments. So even though it sounds like you could get a free car insurance policy, you won’t be that lucky. Any qualifying discounts will bring down the cost of coverage.
To choose insurance companies with discount car insurance rates, click this link.
How to Compare Car Insurance
Shopping for lower car insurance rates can be a lot of work if you aren’t aware of the most efficient way to do it. You can waste a lot of time talking to agents in your area, or you could use online quoting to get rates in a matter of minutes.
Many companies belong to an insurance system that allows shoppers to complete one form, and each participating company returns a competitive quote. This prevents consumers from doing quotation requests for each company.
To find out how much you can save on car insurance click to open in new window.
The single downside to using this type of system is you cannot specify the companies you want pricing from. So if you prefer to pick specific providers to receive pricing from, we have a page of the cheapest car insurance companies in your area. Click here for list of insurance companies.
It’s up to you how you get prices quotes, just compare exactly the same coverages and limits for each price quote. If you enter different values for each quote it will be impossible to truly determine the lowest rate. Quoting even small variations in insurance coverages may result in large price differences. Keep in mind that getting more free quotes will increase your chances of finding better pricing.
Factors that can influence GMC Yukon insurance rates
Smart consumers have a good feel for the different types of things that play a part in calculating the rates you pay for car insurance. Having a good understanding of what controls the rates you pay empowers consumers to make smart changes that could result in lower car insurance prices.
- Pay less after the wedding – Having a wife or husband can get you a discount on your policy. Having a significant other translates into being more responsible it has been statistically shown that drivers who are married are more cautious.
- Please use or commuting – The more miles you rack up on your GMC in a year’s time the more you’ll pay to insure your vehicle. Almost all companies charge to insure your cars based upon how you use the vehicle. Cars left parked in the garage qualify for better rates compared to those used for work or business. Make sure your car insurance policy is rated on how each vehicle is driven. Incorrect usage on your Yukon can cost quite a bit.
- Special features that cut premiums – Purchasing a vehicle with an alarm system can get you a discount on your car insurance. Anti-theft devices like LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system all aid in stopping car theft.
- Do you need those extra coverages? – There are a ton of add-on coverages that you can get tricked into buying on your Yukon policy. Coverages like personal injury protection, accidental death and membership fees are examples of these. These coverages may sound good at first, but your needs may have changed so get rid of them and save.
But I prefer to buy car insurance from an agent
Some consumers just want to get advice from a local agent and that is OK! One of the great benefits of comparing insurance prices online is the fact that you can find the lowest rates and still have an agent to talk to. And supporting local businesses is important particularly in small towns and cities.
To make it easy to find an agent, after completing this quick form, your insurance coverage information is emailed to agents in your area who will give you bids for your insurance coverage. There is no need to drive around due to the fact that quote results will go to your email. How cool is that?! You can find better rates and work with a local agent.
Two types of insurance agents
When finding a reputable insurance agent or broker, there are two types of agencies that you can select. agents are categorized either independent (non-captive) or captive.
Independent Agents (or Brokers)
Independent agencies are not required to write business for one company but rather can write business with lots of companies enabling the ability to shop coverage around. To transfer your coverage to a different company, they simply move the coverage in-house and that require little work on your part.
When comparison shopping, you should always contact at least one independent agent for maximum quote selection.
Captive Agents
These agents can only write with one company and some examples include Allstate, State Farm and Farmers Insurance. Captives cannot shop your coverage around so it’s a take it or leave it situation. Captive agencies are usually quite knowledgeable on the products they sell and that can be a competitive advantage.
For a complete listing of agencies, click here.
Choosing a car insurance agent requires more thought than just the bottom line cost. Agents should be asked these questions:
- Do they review policy coverages at every renewal?
- Do they regularly work with personal auto policies?
- Do the coverages you’re quoting properly cover your vehicle?
- Do they have adequate Errors and Ommissions coverage? This protects you if they make a mistake.
- Is vehicle mileage a factor when determining depreciation for repairs?
- Are they able to influence company decisions when a claim is filed?
- How are claims handled?
- How long has their agency been in business?
Once you have satisfactory answers to any questions you have and a good coverage price, it’s possible that you found an auto insurance agent that is a good match to insure your vehicles.
Cheaper insurance is a realistic goal
Cost effective GMC Yukon insurance is possible online in addition to many insurance agents, so you should compare both to get a complete price analysis. Some car insurance companies do not provide the ability to get a quote online and these regional insurance providers work with independent agents.
In this article, we presented a lot of information how to get a better price on GMC Yukon insurance. The key concept to understand is the more times you quote, the higher your chance of finding lower rates. Consumers could even find that the biggest savings come from a smaller regional carrier. These smaller insurers may often insure only within specific states and give getter rates than the large multi-state companies such as Allstate, GEICO and Progressive.
