2004 GMC Yukon XL Insurance Rates
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UPDATED: Nov 23, 2017
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Average insurance rates for a 2004 GMC Yukon XL are $978 a year including full coverage. Comprehensive insurance costs approximately $172 each year, collision costs $188, and liability costs around $460. Buying a liability-only policy costs as low as $510 a year, with high-risk insurance costing $2,088 or more. Teen drivers receive the highest rates at $3,918 a year or more.
Annual premium for full coverage: $978
Rate estimates for 2004 GMC Yukon XL Insurance
Rate data is compiled from all 50 U.S. states and averaged for all 2004 GMC Yukon XL models. Rates are based on a 40-year-old male driver, $500 comprehensive and collision deductibles, and a clean driving record. Remaining premium consists of UM/UIM coverage, Medical/PIP, and policy fees.
Price Range by Coverage and Risk
For a 40-year-old driver, prices range go from as low as $510 for a discount liability-only rate to a high rate of $2,088 for high-risk insurance.
These differences highlight why all drivers should compare prices using their specific location and risk profile, instead of using price averages.
Use the form below to get rates for your location.
Enter your zip code below to view companies based on your location that have cheap auto insurance rates.
Recommended Companies for Cheap 2004 GMC Yukon XL Insurance
Trying to find lower car insurance rates for your GMC Yukon XL? Searching for low-cost insurance for a GMC Yukon XL can normally be an all-consuming task, but you can follow our car insurance buying tips to find lower rates.
There is a right way and a wrong way to find car insurance online so we’re going to tell you the proper way to compare rates for your GMC and obtain the lowest price.
It is always a good idea to price shop coverage before your policy renews because rates go up and down regularly. Even if you think you had the best rates on Yukon XL coverage a few years ago you will most likely find a better rate today. Starting right now, ignore everything you know about car insurance because I’m going to teach you the best way to remove unneeded coverages and save money.
Finding cheaper coverage is simple if you know the tricks. If you are insured now or need a new policy, you can use this information to get lower rates and still get good coverage. Vehicle owners just need to learn the best way to get comparison rates on the web.
Compare the Market for Insurance Coverage
All major insurance coverage companies provide pricing directly from their websites. Getting online rates is pretty painless as you simply type in your required coverages into the quote form. Once you submit the form, the system automatically orders your driving and credit reports and returns pricing information based on these factors.
This makes it a lot easier to compare rates but having to visit multiple sites and fill out multiple forms is monotonous and tiresome. But it’s very important to get many rate quotes if you are searching for a better rate.
The better way to compare rates
The quickest way to lower your insurance coverage bill requires only one form that gets prices from many companies. It saves time, eliminates form submissions, and makes price shopping online much more enjoyable and efficient. As soon as you send your information, it is rated with multiple companies and you can pick any one of the quote results.
If a lower price is quoted, you can click and sign and purchase the new policy. It takes 15 minutes at the most and may save quite a bit of money.
To quickly compare rates using this form now, click here and fill out the form. If you have coverage now, it’s recommended you copy your coverages identical to your current policy. This guarantees you’re receiving a price comparison based on identical coverages.
Discounts can save BIG
Car insurance is not cheap, but you can get discounts to help bring down the price. A few discounts will automatically apply at the time you complete a quote, but some may not be applied and must be specifically requested before being credited. If you’re not getting every credit you qualify for, you’re just leaving money on the table.
- Low Mileage – Keeping the miles down on your GMC can earn lower rates on the low mileage vehicles.
- Air Bag Discount – Factory air bags and/or automatic seat belt systems can qualify for discounts up to 30%.
- Club Memberships – Being a member of a qualifying organization could qualify you for a break on auto insurance on Yukon XL coverage.
- Payment Method – If you pay your bill all at once instead of paying each month you could save up to 5%.
- Multiple Policy Discount – If you have multiple policies with one company you could get a discount of at least 10% off all policies.
- Good Student – A discount for being a good student can save 20 to 25%. The good student discount can last well after school through age 25.
- Save with a New Car – Adding a new car to your policy is cheaper because new vehicles have to meet stringent safety requirements.
- Anti-lock Brake System – Vehicles with anti-lock braking systems are safer to drive and therefore earn up to a 10% discount.
- Driver Safety – Completing a course teaching defensive driving skills could possibly earn you a 5% discount if your company offers it.
- Multiple Cars – Having all your vehicles on the same auto insurance policy could earn a price break for each car.
Drivers should understand that many deductions do not apply to your bottom line cost. Most only reduce specific coverage prices like physical damage coverage or medical payments. So when the math indicates all those discounts means the company will pay you, companies don’t profit that way. Any qualifying discounts will cut your overall premium however.
To see a list of companies with discount auto insurance rates, click here.
Will just any policy work for me?
When it comes to choosing adequate coverage, there really is not a perfect coverage plan. Your needs are not the same as everyone else’s.
For instance, these questions might point out if your situation would benefit from an agent’s advice.
- Is my GMC Yukon XL covered if I use it for business?
- Do I need replacement cost coverage?
- If my pet gets injured in an accident are they covered?
- When would I need rental car insurance?
- Can I afford to buy a different vehicle if my 2004 GMC Yukon XL is totaled?
- I don’t drive much so do I pay less?
If it’s difficult to answer those questions then you might want to talk to an insurance agent. If you want to speak to an agent in your area, take a second and complete this form. It’s fast, free and you can get the answers you need.
Insurance coverages and their meanings
Having a good grasp of a insurance policy aids in choosing appropriate coverage at the best deductibles and correct limits. The coverage terms in a policy can be difficult to understand and reading a policy is terribly boring.
Coverage for collisions
Collision insurance pays for damage to your Yukon XL resulting from colliding with another car or object. A deductible applies and the rest of the damage will be paid by collision coverage.
Collision coverage pays for things such as driving through your garage door, sustaining damage from a pot hole, colliding with a tree, scraping a guard rail and sideswiping another vehicle. This coverage can be expensive, so analyze the benefit of dropping coverage from lower value vehicles. Another option is to increase the deductible in order to get cheaper collision rates.
Med pay and Personal Injury Protection (PIP)
Coverage for medical payments and/or PIP provide coverage for immediate expenses such as nursing services, hospital visits and EMT expenses. They are used in conjunction with a health insurance program or if you lack health insurance entirely. It covers both the driver and occupants as well as getting struck while a pedestrian. PIP is not universally available but it provides additional coverages not offered by medical payments coverage
This protects you from injuries or damage you cause to a person or their property. Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see liability limits of 100/300/100 that translate to a $100,000 limit per person for injuries, $300,000 for the entire accident, and a total limit of $100,000 for damage to vehicles and property. Alternatively, you may have one limit called combined single limit (CSL) which combines the three limits into one amount rather than limiting it on a per person basis.
Liability coverage protects against claims such as emergency aid, repair costs for stationary objects, pain and suffering and court costs. The amount of liability coverage you purchase is a personal decision, but buy higher limits if possible.
Comprehensive insurance covers damage caused by mother nature, theft, vandalism and other events. A deductible will apply and then insurance will cover the rest of the damage.
Comprehensive coverage pays for claims like falling objects, damage from a tornado or hurricane and a tree branch falling on your vehicle. The maximum amount your insurance company will pay is the ACV or actual cash value, so if the vehicle’s value is low consider dropping full coverage.
Uninsured/Underinsured Motorist (UM/UIM)
This protects you and your vehicle’s occupants when other motorists are uninsured or don’t have enough coverage. This coverage pays for injuries to you and your family and damage to your GMC Yukon XL.
Since many drivers only carry the minimum required liability limits, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important. Frequently the UM/UIM limits are similar to your liability insurance amounts.
One last thing
Drivers leave their current company for any number of reasons including an unsatisfactory settlement offer, extreme rates for teen drivers, poor customer service and not issuing a premium refund. Regardless of your reason, choosing a new company is not as difficult as it may seem.
When buying insurance coverage, don’t be tempted to skimp on coverage in order to save money. There have been many cases where someone dropped comprehensive coverage or liability limits and found out when filing a claim that a couple dollars of savings turned into a financial nightmare. Your aim should be to buy a smart amount of coverage for the lowest price while still protecting your assets.
We covered a lot of ways to shop for 2004 GMC Yukon XL insurance online. The key concept to understand is the more rate quotes you have, the better your chances of lowering your rates. Consumers may even find the most savings is with an unexpected company.
Even more information can be read by following these links:
Rates by U.S. City
|New York City, NY||$1,545|
|Los Angeles, CA||$1,671|
Need a specific model?
Choose your model and trim below
Rates by Driver Age
Full coverage, $500 deductibles
Rates by Deductible
Full coverage, driver age 40
Rates by Liability Limit
Full coverage, driver age 40
Rates for High Risk Drivers
Full coverage, $500 deductibles, two speeding tickets, and one at-fault accident
If a financial responsibility filing is required, the additional charge below may also apply.
Potential Rate Discounts
If you qualify for discounts, you may save the amounts shown below.
|5-yr Accident Free||$57|
|5-yr Claim Free||$60|
|Paid in Full/EFT||$34|
Discounts are estimated and may not be available from every company or in every state.