GMC Canyon Insurance Rates

The average insurance rates for a GMC Canyon are $968 a year including full coverage. Comprehensive costs around $146 each year, collision costs $190, and liability coverage costs around $474. Liability-only coverage costs as low as $522 a year, with high-risk coverage costing around $2,084. 16-year-old drivers cost the most to insure at $3,952 a year or more.

Average premium for full coverage: $968

Policy rates for type of insurance:

These estimates include $500 deductibles, liability coverage up to 30/60, and includes UM/UIM and medical coverage. Prices are averaged for all 50 U.S. states and Canyon models.

Price Range Variability

Urban vs. Rural Price Range

Where you live has a large influence on the price of insurance. Areas with sparse population are shown to have lower incidents of comprehensive and collision claims than congested cities.

The graphic below illustrates how rural and urban location affects auto insurance rates.

The examples above highlight why all drivers should compare prices for a specific zip code, rather than using rate averages.

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

Rates by State, City, and Model

The chart below breaks down estimated GMC Canyon insurance rates for additional coverage choices and driver risks.

• The best full coverage rate is $589
• Using higher $1,000 deductibles will save about $78 every year
• The estimated price for a good driver age 40 using $500 deductibles is $968
• Buying low deductibles for physical damage coverage bumps up the cost to $1,114
• Higher-risk drivers with multiple tickets or accidents could pay at least $2,084 or more
• Policy cost that insures a teenage driver can be $3,952 or more

View Chart as Image

Insurance rates for a GMC Canyon also range considerably based on the trim level and model year, your driving record and age, and deductibles and policy limits.

If you have a few points on your driving record or you caused an accident, you are likely paying at least $1,200 to $1,700 additional every year, depending on your age. Insurance for high-risk drivers can be around 43% to 138% more than the average rate. View High Risk Driver Rates

More mature drivers with no violations or accidents and higher comprehensive and collision deductibles may only pay around $900 a year, or $75 per month, for full coverage. Rates are highest for teenagers, since even teens with perfect driving records should be prepared to pay as much as $3,900 a year. View Rates by Age

Your home state has a huge impact on GMC Canyon insurance rates. A driver around age 40 might see rates as low as $740 a year in states like Missouri, New Hampshire, and Vermont, or at least $1,380 on average in Michigan, New York, and Louisiana.

View Chart as Image

Opting for high physical damage deductibles could cut rates by as much as $230 a year, whereas increasing liability limits will increase rates. Changing from a 50/100 bodily injury protection limit to a 250/500 limit will raise rates by up to $426 more each year. View Rates by Deductible or Liability Limit

Because rates have so much variability, the best way to figure out your exact price is to do a rate comparison and see how they stack up. Each insurance company utilizes a different rate formula, and rates will be varied.

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 Cheap GMC Canyon Insurance

Finding cheaper rates on auto insurance requires not taking risks behind the wheel, having a good credit score, paying for small claims out-of-pocket, and taking advantage of discounts. Comparison shop every time your policy renews by requesting rates from direct car insurance companies, and also from local insurance agencies.

The following is a brief summary of the information raised in the charts and tables above.

• You may be able to save up to $110 per year simply by quoting online in advance
• Teens are charged the highest rates, with premiums being up to $329 each month if comprehensive and collision insurance is included
• Increasing comprehensive and collision deductibles can save approximately $225 each year
• Drivers that tend to have accidents or serious violations may have to pay on average $1,120 more every year for Canyon insurance
• Consumers who may need higher liability limits will pay around $520 per year to increase from a 30/60 limit to the 250/500 level