5 Guaranteed Tricks to Lower Car Insurance Costs in Yukon

Scraping up a payment for overpriced car insurance can overdraw your checking account and make it impossible to make ends meet. Comparison shopping is a smart way to slash your bill and have more diposable income.

Numerous auto insurance companies battle for your insurance dollar, and because of this it can be hard to compare insurers to find the absolute lowest cost out there.

You need to get comparison quotes quite often because insurance rates trend upward over time. Despite the fact that you may have had the best price a few years ago the chances are good that you can find a lower rate today. Forget anything you know (or think you know) about car insurance because you’re about to find out the fastest way to eliminate unnecessary coverages and save money.

If you currently have a car insurance policy, you will most likely be able to save some money using these tips. Finding the best rates in Yukon is quite easy. But Oklahoma car owners must know the way insurance companies market insurance on the web because it can help you find the best coverage.

How much can you save with these 5 discounts?

Properly insuring your vehicles can get expensive, but you can get discounts to reduce the price significantly. Most are applied at the time of purchase, but a few must be asked about before being credited.

Life Insurance – Select insurance companies reward you with better rates if you take out life insurance from them.
Save over 55 – Older drivers may be able to get a small decrease in premiums.
Anti-lock Brakes – Anti-lock brake equipped vehicles are safer to drive and earn discounts up to 10%.
Multi-car Discount – Insuring more than one vehicle on the same car insurance policy can get a discount on all vehicles.
Air Bag Discount – Vehicles with factory air bags or automatic seat belts can get savings of more than 20%.

It’s important to note that most credits do not apply to all coverage premiums. Most cut the cost of specific coverages such as comp or med pay. Even though it may seem like all the discounts add up to a free policy, car insurance companies aren’t that generous. But any discount will bring down your premiums.

Your local neighborhood insurance agent

A small number of people would prefer to sit down with an agent. The biggest benefit of comparing insurance prices online is the fact that you can find lower rates and still choose a local agent. And providing support for local insurance agencies is especially important in Yukon.

By using this form (opens in new window), your coverage information is immediately sent to insurance agents in Yukon who will return price quotes for your insurance coverage. You won’t need to drive around because quoted prices will be sent to your email. You can find better rates AND an agent nearby.

Two types of Yukon auto insurance agents

When researching a local agent, there are a couple of types of insurance agents to choose from. Agencies in Yukon are either independent (non-captive) or captive.

Independent Agents (or Brokers)

Independent insurance agents are not locked into one company so they can insure your vehicles with multiple insurance companies and potentially find a lower price. If you are not satisfied with one company, an independent agent can move your coverage and you won’t have to switch agencies. When comparison shopping, you should always contact several independent insurance agents to have the most options to choose from.

Shown below are Yukon independent insurance agents who may be able to give you price quote information.

Metro-Plex Insurance – 403 W Vandament Ave – Yukon, OK 73099 – (405) 350-2165
Wiedemann Insurance Inc – 211 S 4th St # B – Yukon, OK 73099 – (405) 354-7920
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Captive Insurance Agents

Captive agencies are contracted to one company such as American Family, State Farm and Allstate. They usually cannot give you multiple price quotes so they have to upsell other benefits. They are well schooled in insurance sales which helps them sell insurance even at higher premiums.

The following is a list of captive agents in Yukon willing to provide rate quotes.

State Farm Insurance – 415 E Main St # 2 – Yukon, OK 73099 – (405) 354-4866

To view a full list of Yukon captive agents, please view this page.

Choosing an insurance agency should depend on more than just the price. Some important questions to ask are:

Are glass claims handled on-site or do you have to take your vehicle to a repair shop?
How are they compensated?
If your car is in the repair shop, do you have coverage for a rental car?
Will their companies depreciate repairs to your car based on the mileage?
Can they provide you with a list of referrals?
Does the agency have a good rating with the Better Business Bureau?
What insurance companies do they recommend if they are an independent agent?

Once you have received positive feedback to any questions you have in addition to an acceptable price estimate, you have narrowed it down to a car insurance agent that will insure your vehicles. But keep in mind you can always cancel your policy at any time so don’t assume you are locked into any specific agency with no way to switch.

Auto insurance coverages

Learning about specific coverages of your policy aids in choosing the best coverages and proper limits and deductibles. Policy terminology can be difficult to understand and nobody wants to actually read their policy. Listed below are the usual coverages offered by car insurance companies.

Comprehensive coverage (or Other than Collision) – This pays to fix your vehicle from damage from a wide range of events other than collision. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for claims like a tree branch falling on your vehicle, hitting a deer, vandalism and a broken windshield. The most your car insurance company will pay is the ACV or actual cash value, so if the vehicle’s value is low it’s not worth carrying full coverage.

Uninsured Motorist or Underinsured Motorist insurance – This coverage protects you and your vehicle from other drivers when they do not carry enough liability coverage. This coverage pays for injuries sustained by your vehicle’s occupants as well as damage to your vehicle.

Because many people have only the minimum liability required by law (Oklahoma limits are 25/50/25), it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages should not be overlooked. Normally your uninsured/underinsured motorist coverages are set the same as your liablity limits.

Insurance for medical payments – Medical payments and Personal Injury Protection insurance provide coverage for bills for pain medications, doctor visits, X-ray expenses, ambulance fees and nursing services. The coverages can be used in conjunction with a health insurance plan or if you are not covered by health insurance. Coverage applies to both the driver and occupants in addition to any family member struck as a pedestrian. PIP is only offered in select states but can be used in place of medical payments coverage

Liability car insurance – This coverage provides protection from damage that occurs to a person or their property. Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see values of 25/50/25 which stand for $25,000 bodily injury coverage, a limit of $50,000 in injury protection per accident, and $25,000 of coverage for damaged propery. Occasionally you may see a combined single limit or CSL which provides one coverage limit rather than limiting it on a per person basis.

Liability coverage protects against things like emergency aid, bail bonds, pain and suffering, repair bills for other people’s vehicles and medical expenses. How much liability should you purchase? That is your choice, but buy as much as you can afford. Oklahoma state law requires minimum liability limits of 25,000/50,000/25,000 but it’s recommended drivers buy more liability than the minimum.

Collision – This coverage will pay to fix damage to your vehicle from colliding with another vehicle or an object, but not an animal. You first must pay a deductible then your collision coverage will kick in.

Collision insurance covers things such as backing into a parked car, crashing into a ditch, rolling your car and sustaining damage from a pot hole. This coverage can be expensive, so you might think about dropping it from vehicles that are older. You can also choose a higher deductible to get cheaper collision coverage.

Much more information about car insurance in Oklahoma is located on the website for the Oklahoma Insurance Department through this link. Oklahoma drivers can discover disciplinary actions, find a variety of consumer forms, find out which companies have the most complaints, and learn about specific coverages.

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Smart shoppers get results

When trying to cut insurance costs, it’s a bad idea to buy poor coverage just to save money. In many instances, consumers will sacrifice liability limits or collision coverage only to find out that a couple dollars of savings turned into a financial nightmare. The proper strategy is to buy a smart amount of coverage for the lowest price.

You just learned a lot of techniques to lower your car insurance rates. The key concept to understand is the more you quote, the better likelihood of reducing your rate. Drivers may discover the lowest premiums are with the smaller companies. They may only write in your state and offer lower rates compared to the large companies like Allstate or State Farm.