Affordable Insurance for a GMC Yukon in El Paso

GMC Yukon insurance rates image courtesy of QuoteInspector.com

If saving the most money is your goal, then the best way to find cheaper prices for auto insurance rates in El Paso is to compare prices regularly from insurers in Texas. You can compare rates by completing these steps.

• Step 1: Spend some time learning about the different coverages in a policy and the factors you can control to prevent expensive coverage. Many factors that increase rates such as at-fault accidents, speeding tickets, and a negative credit rating can be remedied by making lifestyle changes or driving safer. Read the full article for additional ideas to get lower rates and get bigger discounts.
• Step 2: Compare rates from independent agents, exclusive agents, and direct companies. Exclusive and direct companies can only give rate quotes from a single company like GEICO or Farmers Insurance, while independent agencies can quote prices from multiple sources.
• Step 3: Compare the new rate quotes to the premium of your current policy to see if a cheaper rate is available in El Paso. If you find better rates and decide to switch, ensure there is no coverage lapse between policies.
• Step 4: Give proper notification to your current agent or company of your decision to cancel your existing policy. Submit a completed policy application and payment to the new insurer. Immediately upon receiving it, put the new certificate of insurance with your vehicle's registration.

A valuable tip to remember is that you use the same amount of coverage on each quote and and to get quotes from as many companies as you can. Doing this guarantees an apples-to-apples comparison and a complete selection of prices.

Sad but true, the vast majority of consumers kept their policy with the same company for four years or more, and practically 40% of auto insurance customers have never compared rates with other companies. Many drivers in America can save as much as 47% each year by just comparing quotes, but they just don't understand the large savings they would see if they just switched companies.

Locating the best rates in El Paso can be much easier if you know how to start. Basically, every driver who is required by state law to have car insurance will probably be able to find better rates. Although Texas consumers can benefit by having an understanding of how companies calculate your car insurance rates and use this information to your advantage.

Compare GMC Yukon insurance rates

When comparison shopping, comparing more quotes helps improve the odds of finding the best price.

The providers in the list below are our best choices to provide free quotes in El Paso, TX. If the list has multiple companies, we recommend you visit two to three different companies to get the best price comparison.

Discounts for cheap car insurance quotes

Companies offering auto insurance do not advertise their entire list of discounts in a way that's easy to find, so we took the time to find some of the more common and the more hidden discounts that may be available. If you do not double check each discount possible, you may be paying too high a price.

• Employee of Federal Government - Active or former government employment may reduce rates when you quote El Paso car insurance but check with your company.
• Multi-line Discount - Companies who offer life insurance give a discounted price on car insurance if you buy a life insurance policy as well.
• Active Service Discounts - Being deployed with a military unit could qualify you for better car insurance rates.
• Seat Belts Save more than Lives - Requiring all passengers to use their safety belts can save a little on the premium charged for medical payments and/or PIP.
• Air Bag Discount - Factory options such as air bags or motorized seat belts can qualify for discounts of 25 to 30%.
• Claim-Free Discount - Drivers who don't have accidents get the best car insurance rates in comparison with frequent claim filers.
• Savings for New Vehicles - Insuring a new Yukon can get you a discount since newer models are generally safer.
• Drivers Education - It's a good idea to have your young drivers take driver's ed class in school.
• Pay Now and Pay Less - If paying your policy premium upfront as opposed to paying monthly you can avoid the installment charge.
• Discounts for Multiple Vehicles - Buying insurance for more than one vehicle on one policy can reduce rates for all insured vehicles.

Just know that most credits do not apply to the overall cost of the policy. Most only cut specific coverage prices like physical damage coverage or medical payments. Even though it may seem like all the discounts add up to a free policy, car insurance companies aren't that generous.

The chart below visualizes the comparison of GMC Yukon premium costs with and without policy discounts. The rate quotes are based on a male driver, no claims, a clean driving record, Texas state minimum liability limits, full coverage, and $1,000 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, multi-car, and marriage discounts applied.

A list of car insurance companies and a partial list of their discounts are detailed below.

• Progressive includes discounts for good student, online signing, homeowner, multi-policy, multi-vehicle, and online quote discount.
• AAA offers discounts for pay-in-full, good driver, good student, multi-policy, education and occupation, and anti-theft.
• Farmers Insurance has discounts for business and professional, early shopping, pay in full, good student, and youthful driver.
• GEICO offers discounts including seat belt use, multi-vehicle, driver training, defensive driver, good student, anti-theft, and military active duty.
• Esurance policyholders can earn discounts including good student, anti-theft, Pac-12 alumni, renters, and paid-in-full.
• SAFECO may have discounts that include accident prevention training, safe driver, homeowner, drive less, bundle discounts, anti-theft, and multi-car.
• State Farm has savings for passive restraint, driver's education, anti-theft, safe vehicle, good student, and accident-free.

Before buying, ask all the companies what discounts are available to you. Some of the discounts discussed earlier may not apply in El Paso. To see providers that provide some of the discounts listed above in El Paso, follow this link.

Rate information and statistics

The table below highlights a range of coverage costs for GMC Yukon models. Having a better understanding of how insurance rates are figured can benefit drivers when making decisions on the best policy to buy.

Above prices assume married female driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Texas minimum liability limits. Discounts applied include safe-driver, multi-policy, homeowner, multi-vehicle, and claim-free. Premium amounts do not factor in El Paso location which can increase or decrease coverage prices greatly.

Tickets and at-fault accidents raise rates

The information below demonstrates how speeding tickets and at-fault accidents impact GMC Yukon insurance rates for different age groups of insureds. The premiums are based on a single male driver, full coverage, $250 deductibles, and no discounts are factored in.

GMC Yukon liability-only versus full coverage

The illustration below illustrates the difference between GMC Yukon car insurance rates with full coverage compared to only the Texas minimum liability coverage. The premiums are based on a clean driving record, no at-fault accidents, $100 deductibles, marital status is single, and no discounts are applied to the premium.

Guidelines for eliminating full coverage

There is no set rule to stop paying for full coverage on your policy, but there is a general convention. If the annual cost of coverage is about 10% or more of the replacement cost minus the deductible, then it could be time to drop full coverage.

For example, let's assume your GMC Yukon replacement cost is $5,000 and you have $1,000 physical damage deductibles. If your vehicle is damaged in an accident, the most your company will settle for is $4,000 after paying the physical damage deductible. If you are paying more than $400 annually for full coverage, the it may be a good time to stop paying for full coverage.

There are some conditions where buying only liability insurance is not advised. If you still owe money on your vehicle, you have to maintain full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if your finances do not allow you to purchase a different vehicle if your current one is totaled, you should not eliminate full coverage.

What is the best car insurance company in El Paso?

Picking the top insurance company can be difficult considering how many companies there are to choose from in El Paso. The ranking data below can help you select which car insurance providers to look at when looking for cheaper rates.

Top 10 El Paso Car Insurance Companies Ranked by Claims Service

1. Travelers
2. Nationwide
3. Allstate
4. State Farm
5. Liberty Mutual
6. GEICO
7. American Family
8. Esurance
9. Titan Insurance
10. AAA Insurance

Top 10 El Paso Car Insurance Companies by A.M. Best Rank

1. Travelers - A++
2. USAA - A++
3. GEICO - A++
4. State Farm - A++
5. Titan Insurance - A+
6. Esurance - A+
7. Progressive - A+
8. The Hartford - A+
9. Allstate - A+
10. Nationwide - A+

The GMC Yukon Insurance Price Equation

Lots of things are part of the calculation when pricing auto insurance. A few of the factors are predictable like an MVR report, but other criteria are less obvious such as whether you are married or your financial responsibility. An important part of buying insurance is that you know some of the things that play a part in calculating the level of your policy premiums. If you know what positively or negatively impacts your premiums, this allows you to make good choices that can help you get lower rates.

More people means more accidents - Having an address in smaller towns and rural areas of the country is a positive aspect when it comes to auto insurance. Fewer drivers translates into fewer accident claims and a lower car theft rate. People who live in big cities have to deal with more aggressive driving styles and more severe claims. The longer drive time means higher likelihood of an accident.

Does your vocation cost you more? - Careers such as doctors, architects, and dentists tend to have higher rates than average due to stressful work requirements and incredibly demanding work hours. On the other hand, professions such as farmers, students and retirees pay lower than average rates.

Low coverage deductibles cost more - Coverage for physical damage, aka comp and collision, covers damage that occurs to your GMC. Some examples of claims that would be covered would be a windshield shattered by a rock, damage caused by hail, or theft. Deductibles for physical damage state the amount of money you are required to spend out-of-pocket in the event of a claim. The more of the claim you are required to pay out-of-pocket, the less your auto insurance will be.

Credit rating impacts premium premiums - Having a good credit rating is a large factor in determining what you pay for auto insurance. Insureds with very high credit ratings tend to be better drivers and file fewer claims than those with lower credit ratings. If your credit history is not that good, you may save money insuring your GMC Yukon if you improve your credit rating.

Premiums go up with performance - The type of car you own makes a big difference in how high your rates are. The cheapest rates will generally be found on low performance passenger vehicles, but other factors influence the final cost greatly.

The data below uses these variables: married female driver age 50, full coverage with $250 deductibles, and no discounts or violations. It shows GMC Yukon insurance rates compared to other models of vehicles that have different performance risks.

Car and home together may be cheaper - Many companies apply lower prices to people who consolidate policies with them. It's known as a multi-policy discount. Discounts can be ten percent or more. Even if you qualify for this discount already, you still need to comparison shop to guarantee you are still saving the most. It's possible to still find a better deal even if you have your coverage with different companies

Vehicle options that lower auto insurance rates - Buying a car with a theft deterrent system can help bring down rates. Systems that thwart thieves like GM's OnStar, tamper alarm systems and vehicle immobilizers can thwart your car from being stolen.

Safeguard your assets with liability insurance - The liability coverage on your policy is the coverage that protects you when you are found liable for personal injury or accident damage. Your liability coverage provides for a legal defense up to the limits shown on your policy. This coverage is relatively inexpensive compared to insuring for physical damage coverage, so drivers should carry high limits.

Insurance loss statistics a GMC Yukon - Companies analyze historical claim data when setting rates for each model. Vehicles that have a higher amount or frequency of claims will cost more for specific coverages.

The next table shows the loss history for GMC Yukon vehicles. For each coverage category, the claim probability for all vehicles compiled together equals 100. Numbers below 100 suggest a better than average loss history, while values over 100 indicate frequent claims or tendency to have higher losses.