Affordable Colorado Springs GMC Yukon Insurance

Did you come to the realization that you have an under-performing, overpriced insurance policy? Don’t feel bad because you’re not the only one.

Unimaginable but true, over 70% of drivers kept their coverage with the same insurance company for at least the last four years, and almost half have never compared rates with other companies. Most drivers in Colorado could cut their rates by nearly 35% a year by just comparing quotes, but they don’t believe how much savings they would realize if they swap their current policy for a cheaper one.

You have multiple insurers to choose from, and even though it’s nice to have multiple companies, more choices can make it harder to compare company pricing for GMC Yukon insurance in Colorado Springs.

It is always a good idea to take a look at other company’s rates on a regular basis because prices trend upward over time. If you had the lowest price on GMC Yukon insurance in Colorado Springs a few years ago there may be better deals available now. Forget all the misinformation about insurance because you’re going to learn the quickest way to save on insurance.

Locating the most cost-effective car insurance policy in Colorado Springs is not that difficult as long as you know where to start. If you have car insurance now, you stand a good chance to be able to get lower rates using these methods. Although Colorado vehicle owners benefit from understanding the way companies sell insurance online because it can help you find the best coverage.

Cheap auto insurance in Colorado Springs, CO

The providers in the list below provide price comparisons in Colorado. If multiple companies are listed, we suggest you visit several of them in order to find the most affordable rates.

Analysis of GMC Yukon rates

The rate table below highlights different coverage prices for GMC Yukon models. Having a good grasp of how prices are established is important to be able to make decisions on the best policy coverages.

Table data assumes married male driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Colorado minimum liability limits. Discounts applied include multi-policy, homeowner, multi-vehicle, claim-free, and safe-driver. Information does not factor in specific location which can alter coverage prices considerably.

Deductible comparison

One frequently asked question is where to set your physical damage deductibles. The tables below determine the difference in cost between low and high comp and collision deductibles. The first rate estimation uses a $250 deductible and the second rate table uses a $1,000 deductible.

Data rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, and Colorado minimum liability limits. Discounts applied include multi-policy, safe-driver, claim-free, homeowner, and multi-vehicle. Estimates do not factor in Colorado Springs location which can impact insurance rates substantially.

Using the data above, we can ascertain that using a $250 deductible will cost in the ballpark of $29 more each month or $348 annually than quoting the higher $1,000 deductible. Since you would have to pay $750 more to file a claim with a $1,000 deductible as compared to a $250 deductible, if you tend to go at least 26 months between claim filings, you would save money by selecting a higher deductible.

One important caveat is that raising deductibles to get cheaper rates results in more money out-of-pocket at claim time. That will require enough disposable savings in order to pay the higher deductible.

How violations and accidents impact rates

The example below illustrates how traffic citations and at-fault claims can affect GMC Yukon annual premium costs for each different age group. The costs are based on a married male driver, full physical damage coverage, $100 deductibles, and no discounts are factored in.

Car insurance rates by age and gender

The information below visualizes the comparison of GMC Yukon yearly insurance costs for male and female drivers. The data assumes no claims or violations, full physical damage coverage, $1,000 deductibles, drivers are not married, and no discounts are applied.

Should you buy full coverage?

The illustration below illustrates the difference between GMC Yukon premium costs with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The premium estimates are based on no claims, a clean driving record, $250 deductibles, single status, and no discounts are applied.

When to drop comprehensive and collision coverage

There is no specific rule to stop buying comp and collision coverage, but there is a guideline you can use. If the annual cost of your full coverage insurance is about 10% or more of the replacement cost of your vehicle minus the policy deductible, then you may want to consider only buying liability coverage.

For example, let’s assume your GMC Yukon replacement value is $6,000 and you have $1,000 policy deductibles. If your vehicle is totaled, you would only receive $5,000 after the deductible is paid. If premium cost is more than $500 annually for comprehensive and collision coverage, then you may need to consider dropping full coverage.

There are some situations where removing full coverage is not in your best interest. If you still have a loan on your vehicle, you have to carry full coverage to satisfy the loan requirements. Also, if you don’t have enough money to buy a different vehicle in case of an accident, you should not consider dropping full coverage.

Determine discounts to get cheap Colorado Springs car insurance quotes

Insurance can be prohibitively expensive, but companies offer discounts to cut the cost considerably. Many of these discounts will be applied automatically at the time of quoting, but some need to be inquired about before being credited.

• Good Grades Discount – Excelling in school can get you a discount of up to 25%. Earning this discount can benefit you well after school through age 25.
• Full Payment Discount – If paying your policy premium upfront as opposed to paying monthly you can actually save on your bill.
• Mature Driver Discount – Seniors may qualify for better car insurance rates.
• Passive Restraints and Air Bags – Cars that have air bags or automatic seat belts may qualify for discounts as much as 30%.
• Resident Student – Youth drivers who live away from home to go to college and do not have a car can be insured at a reduced rate.
• Bundle and Save – When you combine your homeowners and auto insurance and place coverage with the same company they may give you a discount of up to 20% and get you low cost GMC Yukon insurance.

As is typical with insurance, most of the big mark downs will not be given to the overall cost of the policy. Some only reduce the cost of specific coverages such as collision or personal injury protection. Even though it may seem like all those discounts means the company will pay you, insurance companies wouldn’t stay in business. Any amount of discount will definitely reduce your policy premium.

The example below illustrates the difference between GMC Yukon auto insurance costs with and without policy discounts. The price estimates are based on a male driver, no driving violations, no at-fault accidents, Colorado state minimum liability limits, full physical damage coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, multi-car, claim-free, homeowner, marriage, and safe-driver discounts applied.

Large car insurance companies and some of their more popular discounts include:

• State Farm discounts include passive restraint, driver’s education, defensive driving training, anti-theft, accident-free, multiple policy, and student away at school.
• Liberty Mutual offers discounts including preferred payment discount, good student, teen driver discount, multi-policy, and safety features.
• American Family offers discounts for air bags, early bird, good student, Steer into Savings, and multi-vehicle.
• Progressive offers premium reductions for homeowner, multi-vehicle, multi-policy, good student, and online signing.
• Farmers Insurance may offer discounts for good student, pay in full, bundle discounts, switch companies, teen driver, and early shopping.
• Auto-Owners Insurance policyholders can earn discounts including multi-policy, anti-theft, safe driver, paperless, and paid in full.
• SAFECO has discounts for bundle discounts, teen safe driver, safe driver, anti-lock brakes, accident prevention training, anti-theft, and drive less.

If you need lower rates, check with each company or agent how you can save money. Some of the discounts discussed earlier might not be available to policyholders in every state.

Independent and exclusive insurance agents

A lot of people still like to go talk to an agent. The best thing about getting online price quotes is you may find cheap auto insurance quotes and still have an agent to talk to.

By using this form (opens in new window), the coverage information is transmitted to agents in your area that give free quotes for your auto insurance coverage. There is no reason to search for any insurance agencies due to the fact that quote results will go immediately to your email address. You can find lower rates and work with a local agent. In the event you want to compare prices from one company in particular, you can always jump over to their website and fill out their quote form.

Finding the right insurance company should include more criteria than just the price. A good agent in Colorado Springs will have answers to these questions.

• Does the company have a local claim office in Colorado Springs?
• Can you contact them at any time?
• Do they offer claims assistance after hours?
• What companies can they write with?
• How are claims handled?

If you want to buy auto insurance from a reputable agency, there are two types of agencies and how they can quote your rates. Auto insurance agents are categorized either independent or exclusive depending on the company they work for.

Exclusive Insurance Agents

Agents that choose to be exclusive can only provide one company’s prices such as State Farm, AAA, Farmers Insurance or Allstate. These agents are unable to compare other company’s rates so keep that in mind. These agents are usually quite knowledgeable on the products they sell and that enables them to sell even at higher rates.

Listed below is a list of exclusive agencies in Colorado Springs that are able to give rate quotes.

View more Colorado Springs agents

Independent Agencies or Brokers

Agents of this type are not employed by one company so they can insure your vehicles amongst many companies and find the cheapest rate. If prices rise, they simply move the coverage in-house which requires no work on your part.

When comparing auto insurance prices, we recommend you include price quotes from multiple independent agents in order to compare the most rates.

The following are Colorado Springs independent insurance agencies that can give you price quote information.

View more Colorado Springs agents

A conclusion for your insurance search

We just showed you a lot of information how to compare GMC Yukon insurance car insurance rates in Colorado Springs. The most important thing to understand is the more times you quote, the higher the chance of saving money. You may even be surprised to find that the most savings is with the least-expected company. Smaller companies can often insure niche markets at a lower cost compared to the large companies like GEICO and State Farm.

Some insurance companies do not provide internet price quotes and usually these small, regional companies provide coverage only through independent insurance agents. Discount GMC Yukon insurance can be purchased on the web and from local insurance agents, so you need to compare both to have the best selection.

As you quote Colorado Springs auto insurance, it’s not a good idea to skimp on critical coverages to save a buck or two. There are a lot of situations where an insured cut full coverage and discovered at claim time that they should have had better coverage. The goal is to find the BEST coverage at the best cost, but do not skimp to save money.

How to find cheaper quotes for GMC Yukon insurance in Colorado Springs

To save the most money, the best way to get the cheapest auto insurance rates in Colorado Springs is to start comparing prices yearly from insurance carriers in Colorado.

1. Spend some time learning about how companies price auto insurance and the things you can control to keep rates in check. Many things that are responsible for high rates like traffic violations, accidents, and a not-so-good credit history can be eliminated by making minor changes in your lifestyle.
2. Request price quotes from direct carriers, independent agents, and exclusive agents. Direct and exclusive agents can only give prices from one company like Progressive and State Farm, while independent agents can provide prices from multiple companies.
3. Compare the new rate quotes to your existing policy and determine if cheaper Yukon coverage is available in Colorado Springs. If you can save money and switch companies, make sure there is no coverage gap between policies.
4. Notify your agent or company of your intent to cancel your existing policy. Submit the signed application along with the required initial payment to your new carrier. As soon as you can, store the certificate verifying coverage along with your vehicle registration.

One bit of advice is to make sure you enter the same coverage limits and deductibles on every quote request and and to analyze all possible companies. This enables an accurate price comparison and the best price selection.

For more information, take a look at the articles below:

• Uninsured Motorist Statistics (Insurance Information Institute)
• Who Has the Cheapest Auto Insurance for Drivers Over Age 60 in Colorado Springs? (FAQ)
• Who Has Affordable Car Insurance Rates for Uber Drivers in Colorado Springs? (FAQ)
• Who Has Affordable Colorado Springs Car Insurance for a Nissan Altima? (FAQ)
• Get the Right Protection (InsureUonline.org)
• Rental Reimbursement Coverage (Allstate)