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How much does it cost to insure my Gmc Yukon?

Nicholas Hinrichsen - Published: August 19, 2020

This guide compares auto insurance rates for a specific make and model, as well as provides data for the average values and payback periods.

Gmc Yukon Insurance Quick Facts:

Average car insurance rate: $99 per month or $1,188 per year
 

Average cost to to insure a Gmc Yukon: $1,119


Cheapest Year to Insure: 2012


Yukon vs. average vehicle insurance cost: $68 below average) average vehicle

Compare Gmcs Car Insurance Rates Across Years:

There are an endless number of options available when it comes to auto insurance. Quotes given by insurance companies are dependent on a variety of different factors such as the vehicle’s make and model, the driver’s age and driving record, and credit score (among others).  

 

As some general rules to saving on your insurance policy:

  • Lower coverage limits are often cheaper (you can reduce deductible, collision, comprehensive, or liability coverages individually)

  • Good drivers (with the driving record to prove it) generally receive better rates

  • Cars with more safety features (and those that do better in crash tests) will typically be cheaper 

Below is a table of the average insurance costs nationwide to insure a Gmc Yukon across various years. These quotes are provided by a number of insurance providers (such as AllState, Geico, Progressive, State Farm, Liberty Mutual, and others):

  • 2011: $969 ($219 less than an
  • 2012: $914 ($274 below average)
  • 2013: $984 ($204 below average)
  • 2014: $1,078 ($110 below average)
  • 2015: $1,093 ($95 below average)
  • 2016: $1,167 ($21 below average)
  • 2017: $1,215 ($27 above average)
  • 2018: $1,539 ($351 above average)

 

If some of these figures surprise you - you can get a free insurance quote by comparing offers from TheZebra.com. They help find the best car insurance for your needs and take into account your entire driving history, vehicle location, and try to match your coverage amongst several car insurance companies.

Gmc Replacement Payback:

You might notice that car insurance costs don’t vary a ton by model year for some of the makes and models. The vehicle replacement cost however, does vary a lot by year (since older vehicles are inherently cheaper). 

Why is this? Primarily two reasons:

  1. Repair costs don't vary that much: In many cases when a vehicle is damaged, the cost to repair doesn't vary highly by year. While a 2015 model is worth less than a 2019 the cost to replace a fender or blown airbag on each vehicle is often the same.

  2. About 1/3 of insurance premium goes to "non-car" coverage for covering bodily and personal injury, property damage, medical payments when a collision injures individuals or property separate from the vehicle.

In order to make the insurance comparison more relevant let’s also evaluate a new metric called replacement timeline. For this replacement timeline we’ll examine how many months of insurance premiums it would take to purchase a complete replacement car (e.g. assume you can complete total your car every few months):

  • 2020: $51,181 (548 months to replace)
  • 2019: $45,134 (483 months to replace)
  • 2019: $48,462 (519 months to replace)
  • 2018: $42,125 (328 months to replace)
  • 2018: $43,197 (336 months to replace)
  • 2017: $49,633 (490 months to replace)
  • 2017: $33,445 (330 months to replace)
  • 2016: $43,814 (450 months to replace)
  • 2016: $43,991 (452 months to replace)
  • 2015: $38,262 (420 months to replace)
  • 2015: $38,949 (427 months to replace)
  • 2014: $17,031 (189 months to replace)
  • 2014: $19,864 (221 months to replace)
  • 2013: $15,838 (193 months to replace)
  • 2013: $19,303 (235 months to replace)
  • 2012: $19,295 (253 months to replace)
  • 2012: $20,550 (269 months to replace)
  • 2011: $10,744 (133 months to replace)
  • 2011: $17,635 (218 months to replace)
  • 2010: $14,067 (150 months to replace)
  • 2010: $13,757 (147 months to replace)
  • 2009: $16,521 (177 months to replace)
  • 2009: $10,834 (116 months to replace)
  • 2008: $13,118 (140 months to replace)
  • 2008: $13,040 (139 months to replace)

Refinance a Gmc Yukon:

Not only can you save on your auto insurance, you can save even more through lowering the rate on your car loan. Unlike all the other auto refinance lenders, we are the only fully digital platform that let's car owners like you refinance their cars from the comfort of their own home.

 

No need to set a foot in a bank or credit union. You can lower your rate or get cash in as little as 20 seconds.

 

Curious how much you can save today? Follow three simple steps to refinance your Gmc Yukon loan, get approved in seconds and save thousands in minutes.

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