GMC Canyon Insurance Rates

The average insurance rates for a GMC Canyon are $968 a year for full coverage insurance. Comprehensive insurance costs an estimated $146, collision costs $190, and liability is estimated at $474. Liability-only insurance costs approximately $522 a year, with high-risk driver insurance costing $2,084 or more. Teenage drivers cost the most to insure at $3,952 a year or more.

Average premium for full coverage: $968

Policy rates broken down by type of insurance:

Prices include $500 comprehensive and collision deductibles, 30/60 split liability limits, and includes uninsured/under-insured motorist coverage. Prices are averaged for all 50 states and for different Canyon trim levels.

Price Range Variability

Urban vs. Rural Price Range

Living in a larger city can make a big difference on the price of insurance. More rural locations are shown to have a lower frequency of physical damage claims than densely populated cities.

The price range example below illustrates how location helps determine insurance prices.

The examples above illustrate why anyone shopping for car insurance should get quotes for a targeted area and risk profile, instead of making a decision based on average rates.

Use the form below to get customized rates for your location.

More Rate Information

The chart below illustrates estimated GMC Canyon insurance rates for other coverage scenarios.

• The best discount rate is $589
• Choosing higher $1,000 deductibles can save approximately $78 each year
• The average rate for a good driver age 40 who has $500 deductibles is $968
• Using more expensive low deductibles for comp and collision coverage will cost an extra $146 annually
• Higher-risk drivers who are prone to accidents and violations could pay up to $2,084 or more
• Policy cost for full coverage for a 16-year-old driver with full coverage can cost as much as $3,952 each year

View Chart as Image

Auto insurance rates for a GMC Canyon also range considerably based on your risk profile, the model year and trim level, and liability limits and deductibles.

An older driver with a good driving record and high deductibles may pay as low as $900 annually on average, or $75 per month, for full coverage. Rates are much higher for teenagers, where even good drivers will have to pay at least $3,900 a year. View Rates by Age

Your home state plays a big part in determining prices for GMC Canyon insurance prices. A good driver about age 40 could pay as low as $640 a year in states like North Carolina, Wisconsin, and Vermont, or be forced to pay as much as $1,310 on average in Florida, New York, and Michigan.

View Chart as Image

Using high physical damage deductibles can save as much as $230 annually, while increasing your policy's liability limits will increase premiums. Switching from a 50/100 limit to a 250/500 limit will raise rates by up to $426 extra every year. View Rates by Deductible or Liability Limit

If you have a few points on your driving record or tend to cause accidents, you are probably paying $1,200 to $1,700 in extra premium every year, depending on your age. High-risk driver insurance ranges from 43% to 138% more than a normal policy. View High Risk Driver Rates

Because rates have so much variability, the only way to figure out which auto insurance is cheapest is to compare rates from multiple companies. Each auto insurer uses a different method to calculate rates, and quoted rates will be varied from one company to the next.

Insurance Rates by Trim Level and Model Year

Rates assume 2011 model year, a 40-year-old male driver with no accidents or violations, $500 comprehensive and collision deductibles, minimum liability limits, and uninsured/under-insured motorist coverage included. Rates are for comparison only and are averaged for all 50 U.S. states.

How to Find the Right GMC Canyon Insurance

Finding cheaper rates on insurance for a GMC Canyon takes avoiding accidents and violations, having good credit, being claim-free, and qualifying for all possible discounts. Invest time comparing rates at least every other year by requesting quotes from direct insurance companies like GEICO, Progressive, and Esurance, and also from several local insurance agents.

The list below is a quick rundown of the car insurance concepts covered in the charts and tables above.

• Drivers considered higher risk with reckless driving or DUI convictions pay on average $1,120 more annually for car insurance
• It is possible to save approximately $110 per year simply by shopping early and online
• Increasing comprehensive and collision deductibles can save around $225 each year
• Insureds who want higher liability limits will pay an extra $520 annually to raise limits from a 30/60 limit to 250/500 limits