GMC Yukon insurance cost image courtesy of QuoteInspector.com
How long has it been since you compared cheaper GMC Yukon insurance in Lubbock? Nobody gets a kick out of paying for insurance, particularly when the cost is too high.
Unbelievably, over 70% of consumers kept buying from the same company for four years or more, and practically 40% of insurance customers have never compared rates with other companies. American drivers could save $860 every year by just comparing quotes, but they don't believe the big savings they would realize if they bought a different policy.
There is such a variety of auto insurance companies to choose from, and even though it's nice to have multiple companies, it makes it harder to compare company pricing for GMC Yukon insurance in Lubbock.
You need to shop coverage around before your next renewal because insurance prices are adjusted regularly by insurance companies. Despite the fact that you may have had the best price on GMC Yukon insurance in Lubbock six months ago you can probably find a lower rate today. Ignore everything you know about insurance because you're going to learn the fastest way to save on insurance.
Why You Might Pay Lower Rates in Lubbock
Lots of factors are used in the calculation when quoting car insurance. Most are fairly basic such as your driving history, although some other factors are less apparent like your vehicle usage or your vehicle rating.
Teen driver insurance rates - Beginning drivers in Texas are known to be more careless when at the wheel of a vehicle so they pay higher car insurance rates. Parents adding a first-time driver to your car insurance policy can break the bank. Older, more experienced drivers are shown to be more cautious, tend to file fewer claims, and get fewer tickets.
The chart below is based on a single driver, full coverage with $1000 deductibles, and no discounts or violations.
Higher prices for high stress jobs - Careers such as lawyers, architects, and dentists tend to pay higher premium rates because of stressful work requirements and long work days. On the flip side, jobs like scientists, historians and retirees pay lower than average rates.
Good credit scores equal low rates - Credit score is a large factor in determining premium rates. People with excellent credit scores tend to be more responsible than drivers who have poor credit. Therefore, if your credit history leaves room for improvement, you could save money insuring your GMC Yukon by taking the time to improve your credit score.
You may save more by consolidating policies - Most larger car insurance companies afford lower prices to people that purchase more than one policy, otherwise known as a multi-policy discount. Discounts can be five, ten or even twenty percent. Even if you qualify for this discount already, consumers should still shop around to make sure you are getting the best deal.There is a chance you can find better rates even if you insure with multiple companies
Marriage can lower premiums - Having a significant other may earn you lower rates on car insurance. Having a significant other generally demonstrates drivers are more mature and responsible and it's statistically proven that married drivers get in fewer accidents.
Performance impacts rates - The performance level of the vehicle you need insurance for makes a significant difference in how high your rates are. Lower cost passenger cars receive the most favorable rates, but there are many factors that impact the final cost.
The following chart uses these variables: married male driver age 20, full coverage with $1000 deductibles, and no discounts or violations. The data compares GMC Yukon car insurance rates compared to other models that have a range of risk factors.
GMC Yukon insurance loss statistics - Companies analyze past claim statistics as a tool for profitable underwriting. Models that have increased claim numbers or amounts will be charged more to insure.
The table below outlines the insurance loss data for GMC Yukon vehicles. For each coverage category, the statistical loss for all vehicles, regardless of manufacturer or model, is considered to be 100. Values under 100 are indicative of better than average losses, while percentage values above 100 point to more frequent losses or tendency to have larger claims.
|Specific GMC Model||Collision||Property Damage||Comp||Personal Injury||Medical Payment||Bodily Injury|
|GMC Yukon 4dr 2WD||86||96||112||66|
|GMC Yukon 4dr 4WD||86||89||117||63||61||69|
|GMC Yukon XL 1500 4dr 2WD||111||99||137|
|GMC Yukon XL 1500 4dr 4WD||104||126||128||59|
Empty fields indicate not enough data collected
Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Insurance statistics for a GMC Yukon
The rate information shown below covers detailed analysis of insurance rates for GMC Yukon models. Having a better understanding of how insurance quotes are figured can help you make smart choices when buying a policy.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Yukon SLE 2WD||$358||$580||$388||$24||$116||$1,466||$122|
|Yukon SLE 4WD||$358||$580||$388||$24||$116||$1,466||$122|
|Yukon SLT 2WD||$358||$580||$388||$24||$116||$1,466||$122|
|Yukon SLT 4WD||$400||$580||$388||$24||$116||$1,508||$126|
|Yukon Denali 2WD||$400||$684||$388||$24||$116||$1,612||$134|
|Yukon Denali 4WD||$400||$684||$388||$24||$116||$1,612||$134|
|Yukon Hybrid 2WD||$400||$788||$440||$26||$132||$1,786||$149|
|Yukon Hybrid 4WD||$400||$788||$440||$26||$132||$1,786||$149|
|Yukon Hybrid Denali 2WD||$440||$890||$440||$26||$132||$1,928||$161|
|Yukon Hybrid Denali 4WD||$440||$890||$440||$26||$132||$1,928||$161|
|Get Your Own Custom Quote Go|
Above prices assume married female driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Texas minimum liability limits. Discounts applied include multi-vehicle, multi-policy, safe-driver, claim-free, and homeowner. Information does not factor in garaging location in Lubbock which can change insurance rates noticeably.
The information below demonstrates how deductibles and can affect GMC Yukon yearly insurance costs for different age groups of insureds. The rates are based on a single male driver, comprehensive and collision coverage, and no additional discounts are factored in.
Accidents and violations increase rates
The example below illustrates how traffic citations and accident claims can increase GMC Yukon auto insurance rates for different age categories. The rates are based on a single male driver, full physical damage coverage, $500 deductibles, and no discounts are taken into consideration.
GMC Yukon insurance rates by gender
The information below illustrates the difference between GMC Yukon yearly insurance costs for male and female drivers. The prices are based on a clean driving record, no at-fault accidents, full physical damage coverage, $1,000 deductibles, drivers are not married, and no other discounts are factored in.
Discounts for affordable insurance quotes
Some companies don't always advertise every discount in a way that's easy to find, so the list below details a few of the more well known and also the lesser-known credits available to lower your premiums when you buy Lubbock car insurance online.
- Drive Less and Save - Maintaining low annual mileage may allow you to get discounted rates on garaged vehicles.
- Telematics Data Discounts - Insureds who allow driving data submission to analyze driving manner by using a telematic data system like Allstate's Drivewise could save a few bucks as long as the data is positive.
- Multi-line Discount - Not all companies offer life insurance, but some may give you a lower rate if you buy life insurance from them.
- Auto/Home Discount - If you have multiple policies with one company you could save at least 10 to 15 percent or more.
- Accident Free - Good drivers with no accidents can earn big discounts when compared to frequent claim filers.
- Resident Student - College-age children who are attending college and don't have a car may be able to be covered for less.
- Seat Belts Save more than Lives - Buckling up and requiring all passengers to use their safety belts can save a little on the premium charged for medical payments and/or PIP.
- Responsible Drivers - Accident-free drivers could pay up to 40% less than less cautious drivers.
- Theft Deterrent System - Cars, trucks, and SUVs with anti-theft systems are stolen less frequently and will save you 10% or more on Yukon insurance in Lubbock.
Keep in mind that some of the credits will not apply to all coverage premiums. The majority will only reduce specific coverage prices like medical payments or collision. Even though it may seem like it's possible to get free car insurance, you aren't that lucky.
The example below compares GMC Yukon auto insurance rates with and without discounts being applied to the rates. The premiums assume a male driver, no claims or violations, Texas state minimum liability limits, comp and collision included, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, claim-free, safe-driver, multi-policy, marriage, and multi-car discounts applied.
To choose providers with significant discounts in Texas, click here to view.
What is the best auto insurance company in Lubbock?
Finding the highest-rated insurer can be difficult considering how many companies there are in Texas. The company rank data shown below could help you analyze which car insurance providers you want to consider putting your business with.
Top 10 Lubbock Car Insurance Companies Ranked by Customer Satisfaction
- USAA - 91%
- AAA Insurance - 90%
- Esurance - 90%
- Mercury Insurance - 89%
- Nationwide - 89%
- Travelers - 88%
- Progressive - 88%
- Safeco Insurance - 88%
- State Farm - 88%
- Allstate - 88%
A little work can save a LOT of money
In this article, we covered a lot of ways to find cheaper GMC Yukon insurance in Lubbock. The most important thing to understand is the more companies you get car insurance rates for, the more likely it is that you will get a better rate. Drivers may even discover the most savings is with some of the smallest insurance companies.
Insureds change insurance companies for a number of reasons such as policy non-renewal, delays in paying claims, extreme rates for teen drivers and high prices. It doesn't matter what your reason, finding a new insurance company can be easy and end up saving you some money.
When searching for the cheapest GMC Yukon rate quotes, it's a bad idea to skimp on critical coverages to save a buck or two. There have been many situations where an accident victim reduced liability limits or collision coverage to discover at claim time that it was a big mistake. Your objective should be to purchase plenty of coverage at the lowest possible cost and still be able to protect your assets.
How to find more affordable GMC Yukon insurance in Lubbock
The best way to get the cheapest GMC Yukon insurance is to do an annual price comparison from providers in Lubbock.
First, take a few minutes and learn about car insurance and the measures you can control to drop your rates. Many factors that cause high rates such as careless driving and a low credit rating can be eliminated by paying attention to minor details.
Second, get rate quotes from direct carriers, independent agents, and exclusive agents. Exclusive and direct companies can only give rate quotes from a single company like Progressive and State Farm, while agents who are independent can provide rate quotes from multiple sources. Find a Lubbock insurance agent
Third, compare the new rate quotes to your existing coverage to see if you can save by switching companies. If you find better rates and change companies, make sure there is no lapse between the expiration of your current policy and the new one.
Fourth, tell your current company of your intention to cancel your existing policy. Submit a down payment along with a signed application to the new company. As soon as you have the new policy, safely store the proof of insurance certificate in an easily accessible location.
The key aspect of shopping around is to make sure you're comparing the same coverage limits and deductibles on every quote request and and to analyze every insurance company. Doing this provides an apples-to-apples comparison and a better comparison of the market.
Additional information is located at the links below