GMC Canyon Insurance Rates

U.S. average insurance rates for a GMC Canyon are $968 a year including full coverage. Comprehensive insurance costs an estimated $146, collision costs $190, and liability coverage costs around $474. Buying just liability costs as low as $522 a year, with insurance for high-risk drivers costing $2,084 or more. 16-year-old drivers pay the highest rates at $3,952 a year or more.

Average premium for full coverage: $968

Price estimates broken down by individual coverage:

Prices are based on $500 physical damage insurance deductibles, minimum liability limits, and includes additional medical/uninsured motorist coverage. Estimates are averaged for all 50 U.S. states and for all Canyon models.

Price Range from Low to High

Geographic Price Range

Where you live has a large influence on the price of auto insurance. More rural locations have lower incidents of comprehensive and collision claims than congested cities.

The example below illustrates how where you live affects insurance prices.

The ranges above highlight why everyone should compare prices for a targeted area, rather than using rate averages.

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

Additional Rate Analysis

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

• The best full coverage rate is $589
• Using higher $1,000 deductibles will save approximately $78 every year
• The estimated price for the average middle-age driver who has $500 deductibles is $968
• Buying pricier low deductibles for physical damage coverage will cost an additional $146 each year
• Higher-risk drivers with multiple tickets or accidents could pay up to $2,084 or more
• The price that insures a teenage driver for full coverage can cost as much as $3,952 or more

View Chart as Image

Insurance prices for a GMC Canyon are also quite variable based on the model of your Canyon, your driving record and age, and liability limits and deductibles.

If you have some driving violations or you caused an accident, you are likely paying $1,200 to $1,700 additional each year, depending on your age. GMC Canyon insurance for high-risk drivers can be around 43% to 138% more than the average rate. View High Risk Driver Rates

A more mature driver with no violations or accidents and higher comprehensive and collision deductibles may only pay around $900 a year for full coverage. Prices are highest for teenage drivers, since even teens with perfect driving records should be prepared to pay at least $3,900 a year. View Rates by Age

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

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

Since prices can be so different, the best way to figure out which car insurance is cheapest is to regularly compare prices and see how they stack up. Each insurance company utilizes a different rate formula, and prices may be quite different.

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 Affordable GMC Canyon Insurance

Getting lower rates on auto insurance requires being a low-risk driver, having a good credit score, being claim-free, and maximizing policy discounts. Comparison shop every couple of years by requesting quotes from direct car insurance companies, and also from your local car insurance providers.

The items below are a brief review of the material that was touched on in the above illustrations.

• Consumers who want more liability coverage will pay around $520 per year to increase from a low limit to the 250/500 level
• Teen drivers are expensive to insure, possibly costing $329 a month if comprehensive and collision insurance is included
• Drivers with DUI or reckless driving convictions could be charged and average of $1,120 more annually to insure their Canyon
• Increasing physical damage deductibles can save approximately $225 each year