How Much Does GMC Hummer EV Insurance Cost?

Is car insurance for a GMC Hummer EV expensive?

From the EV2 trim level to the Edition1 trim, we analyzed Hummer EV insurance rates to see how the average insurance cost sizes up to similar vehicles.

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Stylized illustration of a GMC Hummer EV
  • Hummer EV insurance costs an average of $2,088 per year, or around $174 per month for full coverage.
  • Drivers can find the cheapest insurance on the EV2 trim at $1,876 per year.
  • The Hummer EV Edition1 has the highest rates at $2,284 per year.
  • Out of nine other large SUVs in the 2023 model year, the Hummer EV ranks eighth for insurance cost.

How much does GMC Hummer EV insurance cost?

Drivers can plan on paying about $2,088 annually to insure a 2023 GMC Hummer EV. Rates can range from as low as $1,256 up to $2,484 or more, hover, depending on the state you live in.

Average monthly insurance cost for the Hummer ranges from $156 to $190, depending on the trim level being insured. The cheapest EV2 trim (MSRP of $79,995) is the cheapest model to insure, while the more expensive Edition1 model (MSRP of $112,595) costs the most to insure.

The bar chart below illustrates how other factors such as driver age, policy limits, and driving record can impact average Hummer EV auto insurance prices.

Get Rates in Your AreaWhy is this important?

Chart Data Details: Chart shows average insurance cost for a 2023 GMC Hummer EV with safe driver and claim-free discounts applied. Rates are for full-coverage insurance and averaged for all U.S. states and all GMC Hummer EV trim levels.Data last updated on May 5, 2023
GMC Hummer EV Car Insurance Rates
2023 GMC Hummer EV Insurance Cost by Driver Age and Deductibles
Driver Age Deductible Annual Cost Monthly Cost
20$1,000$3,496$291
$500$4,174$348
$250$4,892$408
30$1,000$1,834$153
$500$2,208$184
$250$2,602$217
40$1,000$1,744$145
$500$2,088$174
$250$2,446$204
50$1,000$1,590$133
$500$1,900$158
$250$2,224$185
60$1,000$1,560$130
$500$1,866$156
$250$2,186$182

As mentioned above, the trim level you’re insuring can cause rates to be more or less than the average rate. The table below shows the average cost to insure each trim level for the 2023 GMC Hummer EV.

2023 GMC Hummer EV Insurance Cost by Trim Level
GMC Hummer EV Trim Level Annual Policy Six-Month Policy Per Month
EV2$1,876$938$156
EV2X$2,034$1,017$170
EV3X$2,156$1,078$180
Edition1$2,284$1,142$190

Get Rates in Your AreaWhy is this important?

Table Data Details: Average rates are for a 2023 GMC Hummer EV, 40-year-old married male driver with a clean driving record and no at-fault accidents. Safe driver and claim-free discounts are applied to policy premium. Physical damage deductibles are $500 and rates are averaged for all U.S. states.Data last updated on May 5, 2023
GMC Hummer EV Insurance Cost by Trim Level

Is GMC Hummer EV insurance expensive?

The GMC Hummer EV ranks eighth out of nine total vehicles in the 2023 large SUV class for most affordable car insurance cost. The Hummer EV costs an estimated $2,088 per year for an auto insurance policy with full coverage, while the class average policy cost is $1,930 per year, a difference of $158 per year.

When compared directly to some other full-size SUVs, insurance prices for a GMC Hummer EV cost $434 more per year than the Chevrolet Tahoe, $272 more than the Ford Expedition, and $194 more than the GMC Yukon.

The table displayed below shows how insurance cost for a GMC Hummer EV compares to the rest of the large SUV segment.

Insurance Cost Comparison: GMC Hummer EV vs Large SUVs
Rank Make/Model Insurance Cost Difference
1Chevrolet Tahoe$1,654-$434
2Chevrolet Suburban$1,750-$338
3Ford Expedition$1,816-$272
4Toyota Sequoia$1,826-$262
5GMC Yukon$1,894-$194
6Nissan Armada$1,976-$112
7Jeep Wagoneer$2,072-$16
8GMC Hummer EV$2,088--
9Jeep Grand Wagoneer$2,296$208

Get Rates in Your AreaWhy is this important?

Table Data Details: Average rates are based on the 2023 model year, with the rated driver being a 40-year-old married male with a clean driving record and no at-fault accidents. Safe driver and claim-free discounts are applied to rates, which are averaged for all vehicle trim levels. Full-coverage physical damage deductibles are $500 and rates are also averaged for all U.S. states.Data last updated on May 5, 2023
Insurance Cost Comparison: GMC Hummer EV vs Large SUVs

Additional rates and observations

Additional key data observations regarding the cost of insurance for a GMC Hummer EV include:

  • Older drivers tend to pay cheaper insurance rates. The difference in insurance rates for a 2023 Hummer EV between a 60-year-old driver ($1,866 per year) and a 20-year-old driver ($4,174 per year) is $2,308, or a savings of 76.4%.
  • Car insurance is expensive for high-risk drivers. For a 20-year-old driver, having enough accidents and violations to require a high-risk insurance policy could inflate rates by $3,258 or more per year.
  • Avoiding accidents saves money. At-fault accidents increase insurance cost, potentially up to $2,944 per year for a 20-year-old driver and even as much as $854 per year for a 40-year-old driver.
  • Improve your credit rating to save on insurance. Having an excellent credit score over 800 could save an average of $328 per year when compared to a credit score between 670-739. Conversely, a below average credit score could cost around $380 more per year.
  • Your job could lower your rates. Some auto insurance companies offer policy discounts for working in professions like scientists, police officers and law enforcement, college professors, dentists, members of the military, and others. If you’re employed in a qualifying profession, you could potentially save between $63 and $178 on your yearly Hummer EV insurance premium.
  • Teenage drivers are expensive to insure. Average rates for full coverage Hummer EV insurance costs $7,420 per year for a 16-year-old driver, $6,974 per year for a 17-year-old driver, $6,526 per year for an 18-year-old driver, and $5,928 per year for a 19-year-old driver.
  • Get cheaper rates by researching policy discounts. Discounts may be available if the policyholders sign their policy early, work in certain occupations, drive a vehicle with safety or anti-theft features, insure their home and car with the same company, are homeowners, or many other policy discounts which could save the average driver as much as $358 per year on GMC Hummer EV insurance.