Are you searching for cheaper GMC Yukon insurance in Lincoln? Trying to find the cheapest insurance for a GMC Yukon in Nebraska can be a painful process, but you can learn a few tricks to save time.
There are both good and bad ways to shop for auto insurance and you need to know the proper way to price shop coverage for a new or used GMC and get the cheapest rates either online or from Lincoln insurance agents.
Consumers should take time to compare rates every six months due to the fact that insurance prices change regularly. Just because you found the lowest rate on GMC Yukon insurance in Lincoln two years ago you can probably find a lower rate today. Block out anything you think you know about auto insurance because I’m going to let you in on the secrets to how to quote online to buy cheaper GMC Yukon insurance in Lincoln.
Take policy discounts and save on GMC Yukon insurance in Lincoln
The price of auto insurance can be rather high, but you might be missing out on some discounts that you may not even know about. Larger premium reductions will be automatically applied at the time you complete a quote, but a few must be requested specifically prior to getting the savings.
- Seat Belts Save more than Lives – Using a seat belt and requiring all passengers to buckle their seat belts can save 10% or more off the medical payments premium.
- Anti-lock Brake System – Cars, trucks, and SUVs with anti-lock braking systems are safer to drive and qualify for as much as a 10% discount.
- Organization Discounts – Being in qualifying employment or professional organizations is a simple method to lower premiums on your next renewal.
- Pay Now and Pay Less – If you can afford to pay the entire bill rather than paying monthly you could save up to 5%.
- Lincoln Homeowners Pay Less – Owning your own home or condo may earn you a small savings due to the fact that maintaining a home is proof that your finances are in order.
- Theft Deterrent – Vehicles that have factory alarm systems and tracking devices have a lower chance of being stolen and qualify for as much as a 10% discount.
- Good Student – Getting good grades can save 20 to 25%. Most companies allow this discount up until you turn 25.
- Life Insurance Discount – Insurance carriers who offer life insurance give lower prices if you buy auto and life insurance together.
- Sign Early and Save – Some auto insurance companies provide a discount for switching companies prior to the expiration date on your current Yukon insurance policy. This can save 10% or more.
Consumers should know that most credits do not apply to the whole policy. Some only reduce specific coverage prices like physical damage coverage or medical payments. Even though the math looks like it’s possible to get free car insurance, you won’t be that lucky.
The example below illustrates the comparison of GMC Yukon auto insurance costs with and without discounts applied. The rates are based on a male driver, no tickets, no at-fault accidents, Nebraska state minimum liability limits, comprehensive and collision coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, claim-free, homeowner, marriage, multi-car, and multi-policy discounts applied.
A few of the larger companies and some of the discounts include:
- State Farm may have discounts that include passive restraint, safe vehicle, defensive driving training, accident-free, and driver’s education.
- Progressive may include discounts for online quote discount, multi-policy, good student, homeowner, continuous coverage, multi-vehicle, and online signing.
- Travelers includes discounts for IntelliDrive, save driver, hybrid/electric vehicle, continuous insurance, new car, multi-car, and payment discounts.
- American Family offers premium reductions for mySafetyValet, good driver, TimeAway discount, Steer into Savings, and early bird.
- Liberty Mutual discounts include safety features, newly retired, multi-policy, hybrid vehicle, preferred payment discount, multi-car, and good student.
If you are trying to find affordable GMC Yukon insurance quotes, ask each insurance company which credits you are entitled to. Some discounts may not apply in every state.
Finding a better price on insurance is surprisingly easy. Just take time to compare rates online with multiple companies.
The companies shown below provide comparison quotes in Lincoln, NE. To locate cheap car insurance in Nebraska, we recommend you visit as many as you can to find the lowest auto insurance rates.
Auto insurance statistics for a GMC Yukon
The premium table displayed below showcases detailed analysis of insurance costs for GMC Yukon models. Having knowledge of how insurance policy premiums are figured is important for you to make decisions on which insurance to purchase.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Yukon 2WD | $158 | $282 | $362 | $22 | $108 | $932 | $78 |
| Yukon SLE 2WD | $158 | $282 | $362 | $22 | $108 | $932 | $78 |
| Yukon 4WD | $158 | $282 | $362 | $22 | $108 | $932 | $78 |
| Yukon SLE 4WD | $158 | $282 | $362 | $22 | $108 | $932 | $78 |
| Yukon SLT 2WD | $158 | $282 | $362 | $22 | $108 | $932 | $78 |
| Yukon SLT 4WD | $176 | $282 | $362 | $22 | $108 | $950 | $79 |
| Yukon Denali 2WD | $176 | $332 | $362 | $22 | $108 | $1,000 | $83 |
| Yukon Denali 4WD | $176 | $332 | $362 | $22 | $108 | $1,000 | $83 |
| Yukon Hybrid 2WD | $176 | $384 | $410 | $24 | $122 | $1,116 | $93 |
| Yukon Hybrid 4WD | $176 | $384 | $410 | $24 | $122 | $1,116 | $93 |
| Yukon Hybrid Denali 2WD | $194 | $434 | $410 | $24 | $122 | $1,184 | $99 |
| Yukon Hybrid Denali 4WD | $194 | $434 | $410 | $24 | $122 | $1,184 | $99 |
| Get Your Own Custom Quote Go | |||||||
Data variables include single male driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Nebraska minimum liability limits. Discounts applied include claim-free, multi-vehicle, multi-policy, homeowner, and safe-driver. Rates do not factor in your specific Lincoln location which can lower or raise prices noticeably.
Policy deductible comparison
When comparing auto insurance rates, the most common question is how high should the deductibles for physical damage be. The following insurance rates show the rate differences when you select higher and lower physical damage deductibles. The first rate comparisons uses a $100 deductible for comp and collision and the second rate chart uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Yukon 2WD | $292 | $466 | $300 | $18 | $90 | $1,191 | $99 |
| Yukon SLE 2WD | $292 | $466 | $300 | $18 | $90 | $1,191 | $99 |
| Yukon 4WD | $292 | $466 | $300 | $18 | $90 | $1,191 | $99 |
| Yukon SLE 4WD | $292 | $466 | $300 | $18 | $90 | $1,191 | $99 |
| Yukon SLT 2WD | $292 | $466 | $300 | $18 | $90 | $1,191 | $99 |
| Yukon SLT 4WD | $324 | $466 | $300 | $18 | $90 | $1,223 | $102 |
| Yukon Denali 2WD | $324 | $548 | $300 | $18 | $90 | $1,305 | $109 |
| Yukon Denali 4WD | $324 | $548 | $300 | $18 | $90 | $1,305 | $109 |
| Yukon Hybrid 2WD | $324 | $632 | $338 | $20 | $102 | $1,441 | $120 |
| Yukon Hybrid 4WD | $324 | $632 | $338 | $20 | $102 | $1,441 | $120 |
| Yukon Hybrid Denali 2WD | $358 | $716 | $338 | $20 | $102 | $1,559 | $130 |
| Yukon Hybrid Denali 4WD | $358 | $716 | $338 | $20 | $102 | $1,559 | $130 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Yukon 2WD | $162 | $246 | $300 | $18 | $90 | $816 | $68 |
| Yukon SLE 2WD | $162 | $246 | $300 | $18 | $90 | $816 | $68 |
| Yukon 4WD | $162 | $246 | $300 | $18 | $90 | $816 | $68 |
| Yukon SLE 4WD | $162 | $246 | $300 | $18 | $90 | $816 | $68 |
| Yukon SLT 2WD | $162 | $246 | $300 | $18 | $90 | $816 | $68 |
| Yukon SLT 4WD | $180 | $246 | $300 | $18 | $90 | $834 | $70 |
| Yukon Denali 2WD | $180 | $290 | $300 | $18 | $90 | $878 | $73 |
| Yukon Denali 4WD | $180 | $290 | $300 | $18 | $90 | $878 | $73 |
| Yukon Hybrid 2WD | $180 | $334 | $338 | $20 | $102 | $974 | $81 |
| Yukon Hybrid 4WD | $180 | $334 | $338 | $20 | $102 | $974 | $81 |
| Yukon Hybrid Denali 2WD | $198 | $376 | $338 | $20 | $102 | $1,034 | $86 |
| Yukon Hybrid Denali 4WD | $198 | $376 | $338 | $20 | $102 | $1,034 | $86 |
| Get Your Own Custom Quote Go | |||||||
Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Nebraska minimum liability limits. Discounts applied include multi-policy, homeowner, claim-free, safe-driver, and multi-vehicle. Rates do not factor in the specific area where the vehicle is garaged which can influence coverage prices substantially.
Using the premium rates above, we can conclude that using a $100 deductible costs about $36 more each month or $432 every year than choosing the higher $1,000 deductible. Because you would pay $900 more out-of-pocket with a $1,000 deductible as compared to a $100 deductible, if you average at a minimum 25 months between claim filings, you would more than likely save some money if you choose the higher deductible.
The example below shows how choosing a deductible and can influence GMC Yukon premium costs for each different age group. The rate quotes are based on a married female driver, comp and collision included, and no discounts are applied to the premium.
Gender-based auto insurance premiums in Lincoln
The information below illustrates the comparison of GMC Yukon premium costs for male and female drivers. Data assumes no violations or accidents, full coverage, $250 deductibles, single marital status, and no discounts are factored in.
Full coverage or liability only
The information below illustrates the comparison of GMC Yukon yearly insurance costs when comparing full coverage to state minimum liability only. The information is based on no violations or accidents, $100 deductibles, drivers are single, and no discounts are taken into consideration.
When to drop comp and collision
There isn’t a written rule that works best for making the decision to drop full coverage on your policy, but there is a general guideline you can use. If the yearly cost of full coverage is about 10% or more of the replacement cost minus the deductible, then you might want to think about dropping full coverage.
For example, let’s assume your GMC Yukon claim settlement value is $8,000 and you have $1,000 full coverage deductibles. If your vehicle is damaged in an accident, the most you would get paid by your company is $7,000 after paying your policy deductible. If you are paying over $700 annually for physical damage 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 haven’t paid off your loan, you have to carry full coverage in order to keep the loan. Also, if your finances do not allow you to purchase a different vehicle in the even your car is totaled, you should not buy liability only.
GMC Yukon Insurance Premiums Can Be Lower
Many factors are part of the calculation when you get a price on insurance. Some of the criteria are obvious such as your driving history, but some are more transparent such as whether you are married or your vehicle rating.
Safer cars cost less to insure – Safe vehicles tend to be cheaper to insure. These vehicles result in less severe injuries and lower rates of occupant injuries means your insurance company pays less which can mean better rates for you. If your GMC Yukon has at least four stars on Safercar.gov it is probably cheaper to insure.
Don’t skimp on liability protection – The liability coverage on your policy will afford coverage in the event that you are found liable for personal injury or accident damage. Your policy’s liability insurance provides legal defense coverage which can cost a lot. This coverage is very inexpensive when compared to the cost of physical damage coverage, so drivers should buy more than the minimum limits required by law.
Tickets hurt – Good drivers pay lower auto insurance prices than people who have multiple driving citations. Just one speeding ticket or other violation can boost insurance rates to the point where it’s not affordable. Drivers who have license-revoking tickets like reckless driving, hit and run or driving under the influence may be required to prove financial responsibility with their state in order to prevent their license from being revoked.
The example below shows how traffic citations and at-fault accidents can increase GMC Yukon insurance premiums for different age groups. The premium estimates are based on a single female driver, comp and collision included, $100 deductibles, and no discounts are taken into consideration.
Your age impacts your prices – Older drivers are more responsible, cause fewer claims and accidents, and usually have better credit. Teenage drivers are known to get distracted easily with other occupants in the car so auto insurance rates are higher.
The following chart uses these variables: single driver, full coverage with $250 deductibles, and no discounts or violations.
Insurance loss data for GMC Yukon vehicles – Insurers analyze claim trends for every vehicle to calculate a rate that will offset any claims. Vehicles that are shown to have a trend towards higher claim severity or frequency will cost more for specific coverages. The next table shows the compiled insurance loss statistics for GMC Yukon vehicles.
For each policy coverage, the claim probability for all vehicles as a whole is a value of 100. Percentage numbers below 100 suggest losses that are better than average, while numbers shown that are more than 100 indicate more frequent losses or tendency to have higher losses.
| Make and 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
Will just any policy work for me?
When it comes to choosing insurance from an agent or online, there really isn’t a best way to insure your cars. You are unique.
For instance, these questions may help highlight if you might need professional guidance.
- Do I have coverage for damage caused while driving under the influence?
- Do I need roadside assistance coverage?
- Which companies will insure high-risk drivers?
- Is my ex-spouse still covered by my policy?
- I have good health insurance, so how much medical payments coverage do I need?
- What if I owe more than I can insure my car for?
If you’re not sure about those questions but a few of them apply, you might consider talking to an insurance agent. To find an agent in your area, fill out this quick form. It only takes a few minutes and may give you better protection.
You may need help from an insurance agent
Many drivers would prefer to go talk to an agent and doing so can bring peace of mind Professional agents will help you protect your assets and give you someone to call. A nice benefit of getting online price quotes is the fact that you can find lower car insurance rates and still choose a local agent. Supporting local agents is especially important in Lincoln.
For easy comparison, once you complete this quick form, your insurance coverage information is submitted to local insurance agents in Lincoln that can provide free Lincoln auto insurance quotes for your coverage. It simplifies rate comparisons since you won’t have to leave your computer since rate quotes are delivered to the email address you provide. If you want to get a comparison quote from a particular provider, you can always go to their quote page and give them your coverage information.
Two different types of auto insurance agents
If you want to use a good insurance agency, there are a couple of types of agencies and how they can service your needs differently. Agents can be categorized as either exclusive agents or independent agents. Either one can properly insure your vehicles, but it’s a good idea to understand the subtle differences because it may have an impact on buying decisions.
Independent Insurance Agencies
These type of agents are not employed by one company and that gives them the ability to insure amongst many companies and help determine which has the cheapest rates. If your agent finds better pricing, your agent can switch companies and the insured can keep the same agent.
When comparing rates, you absolutely need to get rate quotes from several independent agencies to get the best comparison. Most can insure with lesser-known insurance companies that may provide cheaper insurance rates.
The following are independent insurance agents in Lincoln who may provide comparison quotes.
- Brokers Insurance
3325 A St – Lincoln, NE 68510 – (402) 434-0480 – View Map - Union Agency Inc
4719 Prescott Ave – Lincoln, NE 68506 – (402) 810-7582 – View Map - Davidson Insurance
5101 N 27th St – Lincoln, NE 68521 – (402) 465-1167 – View Map
Exclusive Insurance Agents
Exclusive agencies work for only one company and some examples include State Farm, Allstate and AAA. Exclusive agents are unable to place coverage with different providers so always compare other rates. These agents are well trained on their company’s products which helps offset the inability to provide other markets. Consumers often purchase coverage from exclusives primarily because of loyalty to the company rather than having low rates.
The following are Lincoln exclusive agencies willing to provide rate quotes.
- State Farm: Shawn Kreifels
570 Fallbrook Blvd #111 – Lincoln, NE 68521 – (402) 435-2250 – View Map - Sarah Kohlhof – State Farm Insurance Agent
1221 N Cotner Blvd #2 – Lincoln, NE 68505 – (402) 466-8245 – View Map - Solomon Halim – State Farm Insurance Agent
4007 S 48th St – Lincoln, NE 68506 – (402) 486-3839 – View Map
Choosing the best insurance agent requires more thought than just the price. These are some questions your agent should answer.
- Do the agents have professional certifications like CPCU or CIC?
- Is the agency involved in supporting local community causes?
- Do they write coverage based solely on cost?
- Is there a 24/7 contact number?
- What is the financial rating for the quoted company?
- Do you qualify for any additional discounts?
If you feel you receive good answers for all questions you ask and a low price estimate, it’s a good possibility that you have found an auto insurance agent that can be trusted to insure your vehicles. Just remember it’s your policy and you can terminate coverage whenever you choose to so don’t assume that you are permanently stuck with any specific agency for the entire policy term.
Why you need to buy auto insurance
Even though Lincoln Yukon insurance rates can get expensive, insurance is required in Nebraska but also provides important benefits.
- Most states have minimum liability requirements which means it is punishable by state law to not carry a specific level of liability in order to get the vehicle licensed. In Nebraska these limits are 25/50/25 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
- If your GMC has a lienholder, most lenders will make it mandatory that you have comprehensive coverage to guarantee their interest in the vehicle. If you do not keep the policy in force, the bank will be required to insure your GMC at a much higher rate and force you to pay the higher price.
- Insurance protects your GMC Yukon and your assets. It also can pay for medical bills that are the result of an accident. Liability coverage, the one required by state law, will also pay to defend you if you are named as a defendant in an auto accident. If your vehicle suffers damage from an accident or hail, collision and comprehensive (also known as other-than-collision) coverage will cover the repair costs.
The benefits of insuring your Yukon more than cancel out the cost, particularly for liability claims. According to a recent study, the average American driver overpays more than $869 every year so you should quote your policy with other companies each time the policy renews to ensure rates are competitive.
Car insurance company ratings
Choosing the right insurance company can be rather challenging considering how many companies there are in Nebraska. The company ratings shown below can help you analyze which car insurance providers to look at shopping your coverage with.
Top 10 Lincoln Car Insurance Companies by A.M. Best Rank
- USAA – A++
- Travelers – A++
- State Farm – A++
- GEICO – A++
- Nationwide – A+
- Esurance – A+
- The Hartford – A+
- Progressive – A+
- Allstate – A+
- The General – A-
Top 10 Lincoln Car Insurance Companies Ranked by Value
- USAA
- GEICO
- AAA Insurance
- Liberty Mutual
- State Farm
- Allstate
- Safeco Insurance
- Travelers
- 21st Century
- Nationwide
Affordable car insurance rates are out there
As you prepare to switch companies, make sure you don’t sacrifice coverage to reduce premiums. In many instances, someone dropped liability coverage limits only to find out that a couple dollars of savings turned into a financial nightmare. The ultimate goal is to buy the best coverage you can find at a price you can afford and still be able to protect your assets.
People leave their current company for a number of reasons such as unfair underwriting practices, an unsatisfactory settlement offer, denial of a claim or policy non-renewal. Whatever your reason, choosing a new insurance company is actually quite simple.
The cheapest GMC Yukon insurance in Lincoln can be sourced on the web and also from your neighborhood Lincoln agents, so you need to shop Lincoln auto insurance with both to have the best rate selection. A few companies do not offer online rate quotes and these small, regional companies sell through independent agents.
How to find better rates for GMC Yukon insurance in Lincoln
The most effective way to get discount GMC Yukon insurance is to compare prices annually from providers that sell auto insurance in Lincoln.
- Try to comprehend how companies set rates and the things you can change to prevent expensive coverage. Many risk factors that result in higher prices like your driving record and an unfavorable credit rating can be remedied by making lifestyle changes or driving safer.
- Obtain price quotes from independent agents, exclusive agents, and direct companies. Direct companies and exclusive agencies can give quotes from one company like GEICO and State Farm, while agents who are independent can provide prices from multiple insurance companies.
- Compare the new rate quotes to your current policy to see if a cheaper rate is available. If you find a better price and make a switch, make sure there is no coverage gap between policies.
A valuable tip to remember is to compare identical limits and deductibles on every price quote and and to analyze every company you can. Doing this enables a fair rate comparison and a complete price analysis.