Want to know how to find the cheapest GMC Yukon insurance in Oklahoma City? Cutting costs on GMC Yukon insurance in Oklahoma City is nearly impossible for people who are beginners to comparison shopping online. People have so many choices that it can turn into a real difficult job to compare premium rates on GMC Yukon insurance.
How to find low-cost GMC Yukon insurance in Oklahoma City
The easiest way to find lower priced GMC Yukon insurance is to compare prices at least once a year from providers who provide auto insurance in Oklahoma City. You can shop around by following these steps.
First, learn about how companies price auto insurance and the factors you can control to prevent high rates. Many factors that result in higher prices such as at-fault accidents, speeding tickets, and a bad credit score can be rectified by making minor changes to your lifestyle.
Second, request price quotes from direct, independent, and exclusive agents. Direct companies and exclusive agencies can only give prices from one company like Progressive or Allstate, while agents who are independent can provide rate quotes for a wide range of companies.
Third, compare the new rate quotes to the premium of your current policy and see if there is a cheaper rate. If you find a better price and switch companies, make sure there is no lapse in coverage.
Fourth, provide proper notification to your current company of your intention to cancel your current auto insurance policy. Submit any necessary down payment along with the completed application to your new company or agent. As soon as you have the new policy, safely store the proof of insurance paperwork with the vehicle registration.
The key thing to know about shopping around is to try to use the same amount of coverage on each quote and and to look at every company you can. This guarantees a level playing field and the best rate selection.
It’s amazing but nearly 70% of consumers have been with the same company for more than four years, and nearly half have never quoted rates to find affordable coverage. Oklahoma City drivers can save almost 35% each year just by comparing rates, but they don’t want to spend time to shop around.
Smart consumers take time to compare premium rates at least once a year because auto insurance prices are constantly changing. Even if you think you had the best deal on GMC Yukon insurance in Oklahoma City six months ago there is a good chance you can find better rate quotes now. There is a lot of bad advice regarding Yukon insurance on the web, but I’m going to show you some of the best ways to quit paying high auto insurance rates in Oklahoma City.
If you already have coverage, you should be able to find better prices using this information. Quoting and buying the best-priced insurance coverage in Oklahoma City is not as time-consuming as you think. Nevertheless, Oklahoma vehicle owners must comprehend how insurance companies determine prices because it varies considerably.
Learn How to Buy Auto Insurance More Affordably
One of the most helpful ways to save on auto insurance is to to have a grasp of the rating factors that help calculate your policy premiums. If you have some idea of what determines base rates, this allows you to make educated decisions that can help you get lower auto insurance prices.
The list below includes some of the things used by companies to determine premiums.
Deter theft and pay less – Purchasing a vehicle with a theft deterrent system can earn a premium discount. Advanced theft deterrents such as vehicle immobilizer systems, OnStar, and tracking devices like LoJack can help prevent auto theft.
Urban residents pay more – Being located in less populated areas is a good thing when trying to find low car insurance rates. City drivers regularly have more traffic problems and higher rates of accident claims. Lower population means fewer accidents in addition to lower liability claims.
Multi-policy discounts can save money – Most major auto insurance companies allow a discount to clients that buy multiple policies such as combining an auto and homeowners policy. Even if you’re getting this discount you may still want to get quotes from other companies to guarantee you are still saving the most. You may still be able to save money by buying auto insurance from a different company.
Annual mileage impacts premiums – The more you drive your GMC in a year’s time the more you’ll pay to insure your vehicle. A lot of companies charge rates based upon how you use the vehicle. Vehicles that do not get driven very much get more affordable rates than those used for commuting. It’s always a good idea to double check that your declarations sheet reflects the right rating data, because it can save money. Incorrect rating for your Yukon is just wasting money.
Does your employer raise your prices? – Occupational choices like doctors, police officers, and accountants usually pay higher premiums than the average policyholder because of high stress and lengthy work days. On the flip side, occupations like farmers, athletes and homemakers have lower than average premiums.
Higher deductibles are cheaper – Physical damage protection, commonly called comprehensive (or other-than-collision) and collision coverage, covers damage that occurs to your GMC. Examples of covered claims are colliding with a building, collision with an animal, and rolling your vehicle. The deductibles are the amount of money you are willing to pay in the event of a claim. The more of the claim the insured is willing to pay, the less money you will pay for auto insurance.
High performance equals high costs – The performance level of the vehicle you drive makes a huge difference in your car insurance bill. The cheapest rates tend to be for smaller low performance passenger cars, but there are many factors that impact the final cost.
The chart below assumes a married male driver age 20, full coverage with $500 deductibles, and no discounts or violations. It illustrates GMC Yukon insurance rates compared to other vehicles that have a range of performances.
Insurance losses for a GMC Yukon – Insurance companies use historical loss data when they file their rates in each state. Models that tend to have higher loss trends will be charged more to insure. The table below outlines the loss history for GMC Yukon vehicles.
For each type of coverage, the claim amount for all vehicles combined as an average is represented as 100. Values below 100 suggest losses that are better than average, while numbers shown that are more than 100 indicate more frequent losses or a tendency for losses to be larger than average.
|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
The quickest way to get policy rate comparisons for GMC Yukon insurance in Oklahoma City takes advantage of the fact auto insurance companies have advanced systems to give rate comparisons. All you need to do is give them rating details like if the car is leased, how many miles driven, driver ages, and how much education you have. Your rating data is instantly sent to multiple top-rated companies and they return rate quotes within a short period of time.
To find the cheapest GMC Yukon insurance rates, click here and see if a lower rate is available in Oklahoma City.
The following companies are our best choices to provide price quotes in Oklahoma City, OK. If the list has multiple companies, it’s highly recommended you visit as many as you can in order to find the lowest rates.
Auto insurance data for a GMC Yukon
The table displayed next highlights estimates of insurance premium costs for GMC Yukon models. Having a good understanding how car insurance premiums are determined is important to be able to make decisions on which insurance to purchase.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Yukon SLE 2WD||$234||$360||$458||$28||$136||$1,216||$101|
|Yukon SLE 4WD||$234||$360||$458||$28||$136||$1,216||$101|
|Yukon SLT 2WD||$234||$360||$458||$28||$136||$1,216||$101|
|Yukon SLT 4WD||$262||$360||$458||$28||$136||$1,244||$104|
|Yukon Denali 2WD||$262||$424||$458||$28||$136||$1,308||$109|
|Yukon Denali 4WD||$262||$424||$458||$28||$136||$1,308||$109|
|Yukon Hybrid 2WD||$262||$488||$516||$30||$154||$1,450||$121|
|Yukon Hybrid 4WD||$262||$488||$516||$30||$154||$1,450||$121|
|Yukon Hybrid Denali 2WD||$288||$552||$516||$30||$154||$1,540||$128|
|Yukon Hybrid Denali 4WD||$288||$552||$516||$30||$154||$1,540||$128|
|Get Your Own Custom Quote Go|
Cost estimates assume married female driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Oklahoma minimum liability limits. Discounts applied include safe-driver, multi-policy, homeowner, claim-free, and multi-vehicle. Rate information does not factor in specific zip code location which can modify premium rates significantly.
Should you raise deductibles?
When buying auto insurance, a common question is how high should your deductibles be. The following insurance rates can help you understand the rate differences of buying low and high deductibles. The first rate table uses a $100 deductible for physical damage and the second price table uses a $500 deductible.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Yukon SLE 2WD||$436||$698||$448||$26||$134||$1,767||$147|
|Yukon SLE 4WD||$436||$698||$448||$26||$134||$1,767||$147|
|Yukon SLT 2WD||$436||$698||$448||$26||$134||$1,767||$147|
|Yukon SLT 4WD||$486||$698||$448||$26||$134||$1,817||$151|
|Yukon Denali 2WD||$486||$822||$448||$26||$134||$1,941||$162|
|Yukon Denali 4WD||$486||$822||$448||$26||$134||$1,941||$162|
|Yukon Hybrid 2WD||$486||$946||$506||$30||$152||$2,145||$179|
|Yukon Hybrid 4WD||$486||$946||$506||$30||$152||$2,145||$179|
|Yukon Hybrid Denali 2WD||$536||$1070||$506||$30||$152||$2,319||$193|
|Yukon Hybrid Denali 4WD||$536||$1070||$506||$30||$152||$2,319||$193|
|Get Your Own Custom Quote Go|
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Yukon SLE 2WD||$318||$472||$448||$26||$134||$1,398||$117|
|Yukon SLE 4WD||$318||$472||$448||$26||$134||$1,398||$117|
|Yukon SLT 2WD||$318||$472||$448||$26||$134||$1,398||$117|
|Yukon SLT 4WD||$354||$472||$448||$26||$134||$1,434||$120|
|Yukon Denali 2WD||$354||$554||$448||$26||$134||$1,516||$126|
|Yukon Denali 4WD||$354||$554||$448||$26||$134||$1,516||$126|
|Yukon Hybrid 2WD||$354||$638||$506||$30||$152||$1,680||$140|
|Yukon Hybrid 4WD||$354||$638||$506||$30||$152||$1,680||$140|
|Yukon Hybrid Denali 2WD||$390||$722||$506||$30||$152||$1,800||$150|
|Yukon Hybrid Denali 4WD||$390||$722||$506||$30||$152||$1,800||$150|
|Get Your Own Custom Quote Go|
Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Oklahoma minimum liability limits. Discounts applied include claim-free, safe-driver, multi-vehicle, homeowner, and multi-policy. Prices do not factor in the specific area where the vehicle is garaged which can modify insurance rates considerably.
We can estimate from the data above that using a $100 deductible will cost you about $35 more each month or $420 every year across all GMC Yukon models than choosing the higher $500 deductible. Because you would be required to pay $400 more if you file a claim with a $500 deductible as compared to a $100 deductible, if you usually have at a minimum 11 months between claims, you would most likely save money if you decide on a higher deductible.
Difference between full coverage and liability only rates
The diagram below illustrates the difference between GMC Yukon car insurance costs with and without physical damage coverage. The information is based on no claims or driving citations, $1,000 deductibles, drivers are not married, and no other discounts are factored in.
When to drop comprehensive and collision coverage
There is no written rule that is best for determining when to drop full coverage on your policy, but there is a general school of thought. If the annual cost of coverage is more than about 10% of the replacement cost minus the deductible, then you may need to consider dropping full coverage.
For example, let’s say your GMC Yukon settlement value is $8,000 and you have $1,000 deductibles. If your vehicle is totaled, the most you would get paid by your company is $7,000 after paying the physical damage deductible. If premium cost is more than $700 a year for your policy with full coverage, then you might want to consider buying only liability coverage.
There are some circumstances where dropping full coverage is not in your best interest. If you still owe money on your vehicle, you have to keep full coverage to protect the lienholder’s interest. Also, if you don’t have enough money to buy a different vehicle in the even your car is totaled, you should not opt for liability only.
Car insurance does more than just repair your car
Despite the high cost, insuring your vehicle is mandatory in Oklahoma but it also protects more than you think.
First, almost all states have mandatory insurance requirements which means state laws require specific limits of liability coverage in order to get the vehicle licensed. In Oklahoma 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.
Second, if your GMC Yukon has a lienholder, most lenders will force you to buy insurance to guarantee payment of the loan. If the policy lapses, the bank or lender will purchase a policy for your GMC at a much higher rate and force you to reimburse them for the much more expensive policy.
Third, insurance protects both your car and your assets. It also can pay for all forms of medical expenses for both you and anyone you injure as the result of an accident. Liability coverage, the one required by state law, also covers legal expenses if you are sued as the result of an accident. If you receive damage to your vehicle caused by a storm or accident, your policy will cover the repair costs.
The benefits of insuring your Yukon more than cancel out the cost, especially for larger claims. But the average driver in Oklahoma is wasting up to $820 a year so you should quote your policy with other companies each time the policy renews to ensure rates are inline.
Lower rates by qualifying for discounts
Car insurance companies do not list every discount in a way that’s easy to find, so the next list breaks down some of the best known and also the more inconspicuous discounts that you can inquire about if you buy Oklahoma City auto insurance online. If you do not check that you are getting every discount available, you’re just leaving money on the table.
- Seat Belts Save more than Lives – Drivers who always wear seat belts and also require passengers to buckle up could cut 10% or more on the premium charged for medical payments and/or PIP.
- Save with a New Car – Buying a new car model can save you some money compared to insuring an older model.
- Anti-lock Brake System – Cars, trucks, and SUVs with ABS and/or traction control can avoid accidents so companies give up to a 10% discount.
- Waiver for an Accident – This one isn’t a discount, but companies like GEICO, State Farm, and Progressive permit an accident before your rates go up if you are claim-free prior to being involved in the accident.
- Employee of Federal Government – Active or retired federal employment could cut as much as 10% off with some insurance companies.
- Responsible Drivers – Accident-free drivers may save up to 50% more than drivers with accidents.
- Payment Method – If paying your policy premium upfront rather than spreading payments over time you may reduce your total bill.
- Homeowners Savings – Owning your own home or condo can get you a discount because it shows financial diligence.
- Life Insurance – Insurance companies who offer life insurance give better insurance rates if you take out a life policy as well.
You should keep in mind that most discounts do not apply to the entire cost. Most only apply to the cost of specific coverages such as liability, collision or medical payments. Despite the fact that it seems like all the discounts add up to a free policy, it’s just not the way it works.
The information below shows the difference between GMC Yukon insurance premiums with and without discounts applied to the policy premium. The costs are based on a male driver, no claims or driving citations, Oklahoma state minimum liability limits, full coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, safe-driver, homeowner, multi-car, multi-policy, and marriage discounts applied.
A list of insurance companies and their possible discounts are detailed below.
- Mercury Insurance policyholders can earn discounts including good driver, annual mileage, accident-free, location of vehicle, and multi-policy.
- Farmers Insurance includes discounts for switch companies, alternative fuel, electronic funds transfer, homeowner, mature driver, youthful driver, and business and professional.
- Farm Bureau offers premium reductions for multi-policy, good student, safe driver, multi-vehicle, renewal discount, 55 and retired, and driver training.
- State Farm may have discounts that include student away at school, Drive Safe & Save, good student, multiple policy, safe vehicle, anti-theft, and passive restraint.
- Allstate offers discounts including economy car, farm vehicle, multi-policy, anti-lock brakes, and defensive driver.
- GEICO has discounts for military active duty, five-year accident-free, multi-vehicle, good student, and seat belt use.
When comparing rates, check with each insurance company to give you their best rates. Some credits may not be offered in every state. To see insurance companies that offer many of these discounts in Oklahoma City, click here.
Local Oklahoma City insurance agents
Certain consumers just want to get professional advice from a licensed agent and that is recommended in a lot of cases One of the benefits of comparing insurance prices online is you may find cheap rate quotes and still choose a local agent. And supporting neighborhood insurance agencies is definitely important in Oklahoma City.
By using this quick form, your information gets sent to insurance agents in Oklahoma City that can provide free Oklahoma City auto insurance quotes for your insurance coverage. It simplifies rate comparisons since you won’t have to find an agent because quoted prices will be sent immediately to your email address. You can find the lowest rates without requiring a lot of work. If you want to get a comparison quote from a specific insurance provider, just go to their quote page and fill out the quote form the provide.
When looking for a reputable agency, it’s important to understand the different types of agents and how they are slightly different. Insurance agencies in Oklahoma City can be described as either independent agents or exclusive agents depending on their employer.
Independent Insurance Agents (or Brokers)
These agents can sell policies from many different companies and that allows them to write policies through lots of different companies and find the cheapest insurance rates. If prices rise, the business is moved internally and the insured can keep the same agent.
When comparing rate quotes, it’s a good idea to include price quotes from at a minimum one independent agency to maximize your price options. They often place coverage with less well-known companies who may have lower rates.
The following is a short list of independent agents in Oklahoma City that may be able to give free rate quotes.
- One General Agency
817 NE 63rd St – Oklahoma City, OK 73105 – (405) 840-9393 – View Map
- 3000 Insurance Group Alexander and Strunk
3000 NW 149th St – Oklahoma City, OK 73134 – (405) 751-8356 – View Map
- Russ Warren Insurance Agency
3431 NW 36th St – Oklahoma City, OK 73112 – (405) 947-6745 – View Map
Exclusive Insurance Agencies
These type of agents can only quote rates from one company and examples are Farmers Insurance, State Farm, Allstate, and AAA. Exclusive agents cannot provide prices from multiple companies so keep that in mind. Exclusive agents are well schooled on their company’s products and that can be a competitive advantage. Some people will only use the same exclusive agent primarily because of the prominence of the brand rather than having the cheapest rates.
Shown below are Oklahoma City exclusive insurance agencies that are able to give price quotes.
- Jim Hoffhines – State Farm Insurance Agent
3838 NW 36th St #160 – Oklahoma City, OK 73112 – (405) 948-8881 – View Map
- Claire Faulkner-Truong – State Farm Insurance Agent
840 NW 50th St – Oklahoma City, OK 73118 – (405) 787-2626 – View Map
- Ken Shelton – State Farm Insurance Agent
10901 S Western Ave a – Oklahoma City, OK 73170 – (405) 378-0407 – View Map
Finding a good auto insurance agent needs to be determined by more than just the bottom line cost. Get answers to these questions too.
- In the event of vehicle damage, can you pick the collision repair facility?
- Do they have advanced training designations such as CPCU, AAI, AIC, or CIC?
- How often do they review policy coverages?
- If you raise deductibles, how much can you save?
- Are they properly licensed to sell insurance in Oklahoma?
- Where would glass claims be handled in Oklahoma City?
If you receive answers to your satisfaction to all your questions as well as an affordable premium quote, it’s possible that you found an insurance agency that can be trusted to properly insure your vehicles. It’s important to know that you have the power to terminate coverage whenever you want so don’t assume you are locked into a specific company for the full policy term.
Oklahoma auto insurance companies
Picking the best insurer can be rather challenging considering how many companies provide coverage in Oklahoma. The company ratings in the lists below can help you decide which providers you want to consider purchasing from.
Top 10 Oklahoma City Car Insurance Companies Ranked by Value
- Mercury Insurance
- American Family
- AAA Insurance
- Safeco Insurance
- The Hartford
- The General
- 21st Century
Top 10 Oklahoma City Car Insurance Companies by A.M. Best Rank
- Travelers – A++
- USAA – A++
- GEICO – A++
- State Farm – A++
- Titan Insurance – A+
- Esurance – A+
- Progressive – A+
- The Hartford – A+
- Allstate – A+
- Nationwide – A+
Cover all your bases
Insureds leave their current company for many reasons like questionable increases in premium, delays in responding to claim requests, unfair underwriting practices or high rates after DUI convictions. It doesn’t matter why you want to switch finding a new company is easier than you think.
Cheap GMC Yukon insurance in Oklahoma City can be found online in addition to local insurance agencies, so you should compare both in order to have the best chance of saving money. Some auto insurance companies do not provide internet price quotes and most of the time these regional insurance providers provide coverage only through independent agencies.
As you shop your coverage around, never buy poor coverage just to save money. Too many times, an insured dropped full coverage and discovered at claim time that they should have had better coverage. The goal is to buy enough coverage at the best price, but don’t skip important coverages to save money.
Steps to finding affordable GMC Yukon insurance in Oklahoma City
The easiest way to find more affordable auto insurance rates is to start comparing rates regularly from insurance carriers who sell insurance in Oklahoma City. Price quotes can be compared by following these steps.
- Step 1: It will benefit you to learn about how your policy works and the modifications you can make to prevent expensive coverage. Many rating criteria that cause rate increases like accidents, traffic tickets, and poor credit rating can be remedied by being financially responsible and driving safely.
- Step 2: Compare prices from independent agents, exclusive agents, and direct companies. Exclusive and direct companies can only give rate quotes from one company like GEICO and State Farm, while agents who are independent can quote prices from multiple insurance companies. Select a company
- Step 3: Compare the price quotes to your current policy premium to determine if you can save on Yukon insurance in Oklahoma City. If you find a lower rate and decide to switch, make sure coverage is continuous and does not lapse.
An essential thing to point out is to use similar coverage information on each quote and and to get price quotes from as many auto insurance providers as possible. This enables an apples-to-apples comparison and the best price selection.
More tips and info about auto insurance is available in these articles:
- Rental Reimbursement Coverage (Allstate)
- Who Has Affordable Car Insurance for a Nissan Altima in Oklahoma City? (FAQ)
- Who Has the Cheapest Car Insurance for a Toyota Camry in Oklahoma City? (FAQ)
- State Car Insurance Guides (GEICO)
- Collision Insurance Coverage (Nationwide)
- Side Impact Crash Tests (iihs.org)
- Can I Drive Legally without Insurance? (Insurance Information Institute)