2003 GMC Yukon Insurance Rates
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UPDATED: Nov 24, 2017
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Average insurance rates for a 2003 GMC Yukon are $974 a year with full coverage. Comprehensive costs around $176 a year, collision insurance costs $188, and liability costs $452. Buying a liability-only policy costs as little as $504 a year, and high-risk insurance costs around $2,076. Teenage drivers receive the highest rates at up to $3,886 a year.
Annual premium for full coverage: $974
Rate estimates for 2003 GMC Yukon Insurance
Rate data is compiled from all 50 U.S. states and averaged for all 2003 GMC Yukon 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 range from as low as $504 for just liability coverage to a high of $2,076 for high-risk insurance.
These differences demonstrate why it is important for drivers to compare rates for a specific zip code and risk profile, instead of using average rates.
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 2003 GMC Yukon Insurance
I can’t think of anyone who cherishes buying auto insurance, particularly when they are paying too much.
Because there are so many options, it can be hard to choose the right company.
Consumers need to compare prices every six months since rates tend to go up over time. Even if you think you had the best deal on Yukon coverage a year ago there is a good chance you can find better rates now. There is a lot of bad information regarding auto insurance on the internet, so I’m going to show you the best ways to find affordable auto insurance.
Automobile Insurance Quotes
There are several ways to get quotes and find the best price. By far the easiest way to find the cheapest 2003 GMC Yukon insurance rates consists of shopping online. This can be done in just a few minutes using one of these methods.
- The best way to find the lowest comparison rates is to use a rate comparison form (click to open form in new window). This method eliminates the need for multiple quote forms for every insurance coverage company. One simple form will return price quotes from several companies.
- A slightly less efficient method to find lower rates requires visiting each individual company website to request a price quote. For examples sake, we’ll pretend you want comparison quotes from Liberty Mutual, State Farm and American Family. To find out each rate you need to take the time to go to each site and enter your policy data, which is why most consumers use the first method. To view a list of companies in your area, click here.
Which method you use is up to you, but make sure you use apples-to-apples coverage information on every quote. If you use higher or lower deductibles it will be very difficult to truly determine the lowest rate. Quoting even small variations in coverage limits may result in a large different in cost. Just remember that getting more free quotes will improve the odds of getting a lower rate.
Is there truth in advertising?
Progressive, Allstate and GEICO regularly use ads in print and on television. All the companies have a common claim of big savings if you move to them. How do they all claim to save you money? It’s all in the numbers.
All the different companies have a certain “appetite” for the driver that is profitable for them. For example, a preferred risk might be between the ages of 30 and 50, owns a home, and chooses high deductibles. A customer getting a price quote who fits that profile is entitled to the best price and is almost guaranteed to save quite a bit of money when switching.
Consumers who are not a match for the requirements will have to pay higher rates which usually ends up with business not being written. The ads say “customers that switch” but not “drivers who get quotes” save that much money. That is how insurance companies can make those claims.
Because of the profiling, it is so important to get as many comparisons as possible. It’s not possible to predict which insurance company will give you the biggest savings on GMC Yukon insurance.
GMC Yukon premiums are determined by many factors
An important part of buying insurance is that you know some of the elements that go into determining insurance rates. Having a good understanding of what influences your rates empowers consumers to make smart changes that may reward you with better insurance rates.
Listed below are some of the items used by your company to calculate rates.
- Bump up deductibles to save – Physical damage deductibles represent how much money you are willing to pay in the event of a claim. Coverage for physical damage, termed comprehensive and collision coverage on your policy, is used to repair damage to your car. Examples of covered claims are colliding with a building, collision with an animal, and rolling your vehicle. The higher the amount you’re willing to pay, the less your company will charge you for insurance on Yukon coverage.
- Safer cars are cheaper to insure – Safer cars can get you lower premiums. Safer cars result in less severe injuries and any reduction in injury severity translates into savings for insurance companies and thus lower rates. If the GMC Yukon has ratings of a minimum an “acceptable” rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website it may be receiving lower rates.
- Where you live is a factor – Being located in a rural area has it’s advantages when it comes to insurance. Less people living in that area translates into fewer accidents. Drivers who live in large cities have to deal with congested traffic and longer commutes to work. More time on the road translates into higher accident risk.
- Clean credit earns discounts – Having a bad credit rating is a huge factor in calculating your insurance rates. Consumers who have good credit tend to be less risk to insure as compared to drivers with lower ratings. So if your credit history can use some improvement, you could potentially save money when insuring your 2003 GMC Yukon by improving your rating.
- Do you need those extra coverages? – There are a ton of add-on coverages that you can buy when buying insurance. Coverages for vanishing deductibles, towing coverage and term life insurance may be wasting your money. They may seem good initially, but if they’re wasting money eliminate them to save money.
- Sex matters – The statistics show women are more cautious behind the wheel. However, this does not mean men are WORSE drivers than women. Men and women are in accidents in similar numbers, but the men have costlier accidents. Men also statistically have more aggressive citations such as reckless driving. Teenage male drivers are several times more likely to be in an accident and are penalized with high insurance rates.
- A lapse in coverage is a bad thing – Letting your insurance expire is a quick way to pay more for insurance. And not only will insurance be more expensive, but not being able to provide proof of insurance can result in a license revocation or jail time.
Do you qualify for a discount?
Insuring your vehicles can cost a lot, but there could be available discounts to reduce the price significantly. A few discounts will automatically apply when you purchase, but a few need to be specially asked for before being credited.
- Seat Belt Usage – Buckling up and requiring all passengers to wear their seat belts could save 15% on the medical payments or PIP coverage costs.
- Bundle and Save – If you have multiple policies with one company you will save approximately 10% to 15%.
- Organization Discounts – Belonging to certain professional organizations may earn a discount on auto insurance on Yukon coverage.
- Multiple Cars – Having all your vehicles on one policy qualifies for this discount.
- Air Bag Discount – Cars that have air bags or motorized seat belts may earn rate discounts of more than 20%.
- Homeowners Discount – Being a homeowner may trigger a auto insurance policy discount due to the fact that maintaining a home is proof that your finances are in order.
- Anti-lock Brakes – Vehicles with anti-lock braking systems are safer to drive and qualify for as much as a 10% discount.
- Military Discounts – Having a family member in the military could mean lower rates.
- Low Mileage Discounts – Low mileage vehicles could qualify for better rates on cars that stay parked.
A little note about advertised discounts, some of the credits will not apply to the entire cost. Most only cut individual premiums such as medical payments or collision. So despite the fact that it appears you could get a free auto insurance policy, you won’t be that lucky. But any discount will help reduce the amount you have to pay.
For a list of insurers with the best auto insurance discounts, follow this link.
What coverages do I need?
When buying the best auto insurance coverage for your vehicles, there is no perfect coverage plan. Everyone’s needs are different and a cookie cutter policy won’t apply. These are some specific questions can aid in determining if you may require specific advice.
- Am I covered when delivering products for my home-based business?
- Do I benefit by insuring my home with the same company?
- Why do I need rental car insurance?
- Can I still get insurance after a DUI?
- Who is covered when they drive my 2003 GMC Yukon?
- Do I need higher collision deductibles?
- Will I be non-renewed for getting a DUI or other conviction?
- Is my camper covered by my car insurance policy?
If you don’t know the answers to these questions but one or more may apply to you, you might consider talking to a licensed agent. If you want to speak to an agent in your area, complete this form or you can also visit this page to select a carrier
Educate yourself about car insurance coverages
Having a good grasp of your car insurance policy can be of help when determining which coverages you need and proper limits and deductibles. The terms used in a policy can be ambiguous and reading a policy is terribly boring. Listed below are typical coverage types found on most car insurance policies.
Auto liability insurance – Liability insurance provides protection from injuries or damage you cause to people or other property. It protects YOU against claims from other people, and does not provide coverage for damage to your own property or vehicle.
Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. Your policy might show limits of 50/100/50 which stand for a $50,000 limit per person for injuries, a limit of $100,000 in injury protection per accident, and property damage coverage for $50,000. Some companies may use a combined single limit or CSL which combines the three limits into one amount with no separate limits for injury or property damage.
Liability can pay for claims such as loss of income, bail bonds, medical services, structural damage and medical expenses. How much liability coverage do you need? That is a decision to put some thought into, but you should buy higher limits if possible.
Uninsured or underinsured coverage – This protects you and your vehicle’s occupants when the “other guys” either are underinsured or have no liability coverage at all. This coverage pays for medical payments for you and your occupants as well as your vehicle’s damage.
Because many people only carry the minimum required liability limits, their liability coverage can quickly be exhausted. So UM/UIM coverage is important protection for you and your family. Frequently the UM/UIM limits are identical to your policy’s liability coverage.
Collision coverages – Collision insurance pays for damage to your Yukon from colliding with another car or object. A deductible applies and then insurance will cover the remainder.
Collision coverage protects against things such as crashing into a ditch, crashing into a building, hitting a mailbox and colliding with a tree. This coverage can be expensive, so analyze the benefit of dropping coverage from lower value vehicles. Drivers also have the option to increase the deductible in order to get cheaper collision rates.
Comprehensive protection – This covers damage from a wide range of events other than collision. You first have to pay a deductible and then insurance will cover the rest of the damage.
Comprehensive can pay for claims such as damage from getting keyed, falling objects, theft, rock chips in glass and vandalism. The highest amount a car insurance company will pay at claim time is the actual cash value, so if the vehicle is not worth much consider dropping full coverage.
Medical expense coverage – Personal Injury Protection (PIP) and medical payments coverage reimburse you for immediate expenses such as ambulance fees, nursing services, prosthetic devices and chiropractic care. They are used to cover expenses not covered by your health insurance plan or if there is no health insurance coverage. It covers all vehicle occupants and also covers being hit by a car walking across the street. Personal injury protection coverage is not universally available but it provides additional coverages not offered by medical payments coverage
Make an honest buck
As you go through the steps to switch your coverage, do not sacrifice coverage to reduce premiums. There are many occasions where someone sacrificed physical damage coverage and discovered at claim time that a couple dollars of savings turned into a financial nightmare. Your aim should be to get the best coverage possible for the lowest price while still protecting your assets.
In this article, we covered a lot of tips how to reduce 2003 GMC Yukon insurance prices online. It’s most important to understand that the more times you quote, the higher your chance of finding lower rates. Drivers may discover the lowest premiums are with a lesser-known regional company. Some small companies may often insure only within specific states and give getter rates as compared to the big name companies such as Allstate, GEICO and Progressive.
Additional auto insurance information can be read at the links below
Rates by U.S. City
|New York City, NY||$1,536|
|Los Angeles, CA||$1,665|
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.