Compare GMC Yukon Insurance Quotes in Newark

Insurance for GMC YukonTruthfully, the best way to get low-cost car insurance rates in Newark is to compare quotes once a year from companies in New Jersey. Prices can be compared by completing these steps.

  1. Spend a few minutes and learn about how insurance companies determine prices and the things you can change to lower rates. Many rating criteria that cause rate increases such as at-fault accidents, speeding tickets, and a low credit rating can be amended by making minor changes in your lifestyle. Continue reading for more information to help reduce prices and get additional discounts that may be available.
  2. Get rate quotes from independent agents, exclusive agents, and direct companies. Direct companies and exclusive agencies can only provide price estimates from one company like GEICO or State Farm, while independent agents can provide prices from multiple insurance companies.
  3. Compare the new rate quotes to your existing policy and see if you can save money. If you can save money and decide to switch, make sure coverage does not lapse between policies.
  4. Tell your current company to cancel your current auto insurance policy. Submit payment and a signed application to the newly selected company. Immediately upon receiving it, keep your new certificate verifying proof of insurance in your vehicle.

A good piece of advice is that you’ll want to compare similar coverage information on each quote and and to get price quotes from as many different companies as possible. Doing this enables a level playing field and the best price selection.

It’s well known that insurance companies don’t want you to look for a cheaper policy. Insureds who shop around for the cheapest rate are inclined to switch companies because there is a good probability of finding coverage at a more affordable price. A recent survey found that people who shopped around annually saved about $3,450 over four years as compared to drivers who never shopped around.

If finding budget-friendly rates on GMC Yukon insurance is your ultimate objective, then having some insight into how to quote prices and compare insurance coverage can save time and money.

How to compare GMC Yukon insurance quotes in Newark

Getting a cheaper price on GMC Yukon insurance can be relatively painless. Just invest a little time comparing price quotes from online providers.

The providers in the list below offer price comparisons in Newark, NJ. If your goal is to find cheap car insurance in New Jersey, it’s a good idea that you visit several of them in order to get a fair rate comparison.

Companies offer lots of discounts on GMC Yukon insurance in Newark

Some insurance providers don’t always list all discounts in a way that’s easy to find, so we researched a few of the more common in addition to some of the lesser obvious car insurance savings.Cheaper car insurance with discounts

As a disclaimer on discounts, most of the big mark downs will not be given to the entire cost. Most cut the price of certain insurance coverages like comp or med pay. Just because it seems like it’s possible to get free car insurance, companies wouldn’t make money that way. But any discount should help lower your overall bill.

The illustration below shows the difference between GMC Yukon auto insurance rates with and without policy discounts. The premiums assume a female driver, no claims, a clean driving record, New Jersey 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 claim-free, homeowner, multi-policy, marriage, safe-driver, and multi-car discounts applied.

Companies and a selection of discounts can be read below.

If you need lower rates, check with every insurance company which credits you are entitled to. Some of the earlier mentioned discounts may not be offered in Newark. To see car insurance companies that offer multiple discounts in New Jersey, follow this link.

Car insurance statistics for a GMC Yukon

The data table below highlights estimates of insurance prices for GMC Yukon models. Having a better idea how rate quotes are determined can assist in making decisions on the best policy to buy.

GMC Yukon Insurance Rates in Newark, NJ
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Yukon 2WD $200 $326 $452 $26 $136 $1,140 $95
Yukon SLE 2WD $200 $326 $452 $26 $136 $1,140 $95
Yukon 4WD $200 $326 $452 $26 $136 $1,140 $95
Yukon SLE 4WD $200 $326 $452 $26 $136 $1,140 $95
Yukon SLT 2WD $200 $326 $452 $26 $136 $1,140 $95
Yukon SLT 4WD $222 $326 $452 $26 $136 $1,162 $97
Yukon Denali 2WD $222 $384 $452 $26 $136 $1,220 $102
Yukon Denali 4WD $222 $384 $452 $26 $136 $1,220 $102
Yukon Hybrid 2WD $222 $444 $510 $30 $152 $1,358 $113
Yukon Hybrid 4WD $222 $444 $510 $30 $152 $1,358 $113
Yukon Hybrid Denali 2WD $244 $502 $510 $30 $152 $1,438 $120
Yukon Hybrid Denali 4WD $244 $502 $510 $30 $152 $1,438 $120
Get Your Own Custom Quote Go

Premium data assumes married female driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and New Jersey minimum liability limits. Discounts applied include safe-driver, homeowner, multi-policy, claim-free, and multi-vehicle. Rate information does not factor in zip code location which can affect price quotes significantly.

Should you raise deductibles?

When shopping for car insurance, a common question is which deductibles should you choose. The rates shown below may help to illustrate the costs and benefits between low and high comp and collision deductibles. The first price estimate table uses a $100 deductible for comp and collision and the second rate table uses a $1,000 deductible.

GMC Yukon insurance with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Yukon 2WD $466 $746 $480 $28 $144 $1,889 $157
Yukon SLE 2WD $466 $746 $480 $28 $144 $1,889 $157
Yukon 4WD $466 $746 $480 $28 $144 $1,889 $157
Yukon SLE 4WD $466 $746 $480 $28 $144 $1,889 $157
Yukon SLT 2WD $466 $746 $480 $28 $144 $1,889 $157
Yukon SLT 4WD $520 $746 $480 $28 $144 $1,943 $162
Yukon Denali 2WD $520 $880 $480 $28 $144 $2,077 $173
Yukon Denali 4WD $520 $880 $480 $28 $144 $2,077 $173
Yukon Hybrid 2WD $520 $1014 $544 $32 $162 $2,297 $191
Yukon Hybrid 4WD $520 $1014 $544 $32 $162 $2,297 $191
Yukon Hybrid Denali 2WD $574 $1146 $544 $32 $162 $2,483 $207
Yukon Hybrid Denali 4WD $574 $1146 $544 $32 $162 $2,483 $207
Get Your Own Custom Quote Go

GMC Yukon insurance with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Yukon 2WD $258 $394 $480 $28 $144 $1,304 $109
Yukon SLE 2WD $258 $394 $480 $28 $144 $1,304 $109
Yukon 4WD $258 $394 $480 $28 $144 $1,304 $109
Yukon SLE 4WD $258 $394 $480 $28 $144 $1,304 $109
Yukon SLT 2WD $258 $394 $480 $28 $144 $1,304 $109
Yukon SLT 4WD $288 $394 $480 $28 $144 $1,334 $111
Yukon Denali 2WD $288 $464 $480 $28 $144 $1,404 $117
Yukon Denali 4WD $288 $464 $480 $28 $144 $1,404 $117
Yukon Hybrid 2WD $288 $534 $544 $32 $162 $1,560 $130
Yukon Hybrid 4WD $288 $534 $544 $32 $162 $1,560 $130
Yukon Hybrid Denali 2WD $318 $604 $544 $32 $162 $1,660 $138
Yukon Hybrid Denali 4WD $318 $604 $544 $32 $162 $1,660 $138
Get Your Own Custom Quote Go

Data rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, and New Jersey minimum liability limits. Discounts applied include safe-driver, multi-vehicle, claim-free, homeowner, and multi-policy. Estimates do not factor in specific zip code location which can change prices greatly.

Based on the above data, using a $100 deductible will cost you roughly $55 more each month or $660 for a full year averaged for all Yukon models than quoting the higher $1,000 deductible. Since you would pay $900 more to file a claim with a $1,000 deductible as compared to a $100 deductible, if you go at a minimum 16 months between claim filings, you would probably come out ahead if you decide on a higher deductible.

Comparison of full coverage and liability-only policies

The chart below shows the comparison of GMC Yukon car insurance costs with full coverage and liability only. The premium estimates are based on a clean driving record, no at-fault accidents, $250 deductibles, single status, and no additional discounts are factored in.

Are you wasting money on full coverage?

There isn’t a written rule of when to drop full coverage on your policy, but there is a general guideline you can use. If the yearly cost of full coverage is more than about 10% of the replacement cost of your vehicle minus the policy deductible, then it might be time to consider dropping full coverage.

For example, let’s pretend your GMC Yukon book value is $5,000 and you have $1,000 physical damage deductibles. If your vehicle is severely damaged, the most you would receive is $4,000 after the deductible is paid. If it’s costing in excess of $400 annually for full coverage, then you may want to consider only buying liability coverage.

There are a few situations where buying only liability insurance is not advised. If you have an outstanding loan on your vehicle, you must maintain physical damage coverage as part of the loan conditions. Also, if you don’t have enough money to buy a different vehicle if your current one is totaled, you should not drop full coverage.

Local Newark car insurance agents and car insurance

Some people just prefer to go talk to an agent and we recommend doing that Professional agents can make sure you are properly covered and help file insurance claims. The best thing about comparing car insurance online is you can get better rates but still work with a licensed agent. And buying from local agencies is definitely important in Newark.

Find insurance agent in NewarkTo help locate an agent, after submitting this form (opens in new window), the coverage information is submitted to agents in your area who will give you quotes for your car insurance coverage. It simplifies rate comparisons since you won’t have to even leave your home because quoted prices will be sent to you. If for some reason you want to get a rate quote from a specific insurance company, feel free to visit that company’s website and give them your coverage information.

Choose an insurance agent wisely

When finding a local agent, there are two types of insurance agents and how they can write your policy. Insurance agencies in Newark are classified as either exclusive or independent (non-exclusive). Either one can sell and service car insurance coverage, but it’s important to know why they differ because it can influence buying decisions.

Independent Car Insurance Agencies

Independent agents are appointed with more than one company so as a result can place your coverage with an assortment of companies and possibly get better coverage at lower prices. If prices rise, they simply move your policy to a different company and you don’t have to find a new agent.

When comparing car insurance rates, you should always get insurance quotes from at a minimum one independent agency to have the best price comparison. Many write coverage with different regional companies which may have better rates.

Below is a short list of independent agents in Newark who can help you get cheap rate quotes.

View more Newark agents

Exclusive Agencies

Agents of this type write business for a single company like American Family, State Farm, and AAA. These agents are not able to place coverage with different providers so they really need to provide good service. Exclusive agents receive a lot of sales training on their company’s products which helps overcome the inability to quote other rates. Some insured continue to buy insurance from these agents mostly because of the brand rather than having the cheapest rates.

Shown below is a short list of exclusive agencies in Newark who can help you get price quotes.

View more Newark agents

Picking an car insurance agent shouldn’t rely on just a cheap price. The questions below may impact your decision as well.

If you feel you receive positive feedback to any questions you may have and a good coverage price, it’s a good possibility that you have found an auto insurance agent that can be relied on to properly insure your vehicles.

Educated Choices Result in Lower Insurance Prices

When buying insurance it’s important to understand some of the things that help determine the level of your policy premiums. If you have some idea of what influences your rates, this enables you to make decisions that can earn you lower rates.

Three reasons to insure your GMC vehicle

Even though it can be expensive, insurance is required by state law in New Jersey and it also provides benefits you may not be aware of.

First, almost all states have compulsory liability insurance requirements which means state laws require a minimum amount of liability coverage in order to get the vehicle licensed. In New Jersey these limits are 15/30/5 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $5,000 of property damage coverage.

Second, if you have a lien on your Yukon, it’s guaranteed your bank will have a requirement that you buy full coverage to guarantee payment of the loan. If you let the policy lapse, the bank or lender will purchase a policy for your GMC for a much higher rate and require you to pay a much higher amount than you were paying before.

Third, insurance preserves both your assets and your car. It will also reimburse you for many types of medical costs that are the result of an accident. One policy coverage, liability insurance, will also pay for a defense attorney if you cause an accident and are sued. If mother nature or an accident damages your car, collision and comprehensive (also known as other-than-collision) coverage will pay all costs to repair after the deductible has been paid.

The benefits of buying enough insurance more than offset the price you pay, especially when you need to use it. On average, a vehicle owner in Newark is wasting up to $855 a year so compare rates each time the policy renews to ensure rates are competitive.

Which car insurance company is best in Newark?

Insuring your vehicle with a highly-rated insurance provider can be challenging considering how many companies sell insurance in Newark. The rank data in the lists below can help you choose which car insurance providers to look at when comparing rate quotes.

Top 10 Newark Car Insurance Companies Ranked by Customer Satisfaction

  1. The Hartford – 93%
  2. Progressive – 90%
  3. 21st Century – 89%
  4. USAA – 87%
  5. Mercury Insurance – 87%
  6. State Farm – 87%
  7. Travelers – 87%
  8. Safeco Insurance – 86%
  9. AAA Insurance – 86%
  10. American Family – 85%

Top 10 Newark Car Insurance Companies Ranked by Value

  1. The Hartford
  2. Mercury Insurance
  3. Farmers Insurance
  4. Safeco Insurance
  5. AAA Insurance
  6. 21st Century
  7. Travelers
  8. State Farm
  9. Progressive
  10. American Family

You can lower your insurance rates

When searching for cheaper Newark car insurance quotes, make sure you don’t sacrifice coverage to reduce premiums. In many instances, an accident victim reduced collision coverage only to regret at claim time that they should have had better coverage. Your goal should be to buy the best coverage you can find for the lowest price while still protecting your assets.

More affordable insurance in Newark can be bought both online and also from your neighborhood Newark agents, and you need to comparison shop both in order to have the best chance of saving money. Some companies may not offer price quotes online and these regional insurance providers provide coverage only through independent agencies.

Insureds switch companies for a number of reasons such as policy cancellation, delays in responding to claim requests, policy non-renewal and delays in paying claims. It doesn’t matter what your reason, finding the right insurance provider is pretty easy and you might even save some money in the process.

Additional detailed information is available by following these links: