GMC Canyon Insurance Rates

The average insurance rates for a GMC Canyon are $968 a year for full coverage insurance. Comprehensive costs on average $146 a 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. Teen drivers cost the most to insure at $3,952 a year or more.

Average premium for full coverage: $968

Policy rates by type of insurance:

Rate estimates include $500 comprehensive and collision deductibles, liability limits of 30/60, and includes additional medical/uninsured motorist coverage. Prices are averaged for all 50 states and Canyon trim levels.

Price Range Variability

Urban vs. Rural Price Range

Where you live has a large influence on insurance rates. Rural areas are shown to have lower incidents of physical damage claims than larger metro areas.

The diagram below illustrates the difference location can make on car insurance rates.

The examples above illustrate why it is important to compare prices based on a specific location, rather than using price averages.

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

Additional Rate Analysis

The chart below illustrates estimated GMC Canyon insurance rates for different risk profiles and scenarios.

• The lowest rate with discounts is $589
• Using higher $1,000 deductibles will save around $890 each year
• The estimated price for a good driver age 40 with $500 deductibles is $968
• Choosing low $100 deductibles for physical damage coverage bumps up the cost to $1,114
• Higher-risk drivers with multiple violations and an at-fault accident could pay upwards of $2,084 or more
• Policy cost that insures a teenage driver may cost $3,952 or more

View Chart as Image

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

If you have a few points on your driving record or you caused an accident, you are probably paying at a minimum $1,200 to $1,700 additional every year, depending on your age. A high-risk auto insurance policy can be around 43% to 138% more than average. View High Risk Driver Rates

Older 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 upwards of $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 $640 a year in states like Vermont, Wisconsin, and North Carolina, or as much as $1,310 on average in Michigan, New York, and Florida.

View Chart as Image

Choosing high deductibles could cut rates by as much as $230 a year, while buying higher liability limits will cost you more. Switching 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 only way to figure out exactly what you will pay is to get quotes and see how they stack up. Each insurance company uses a different rate calculation, 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 the Best GMC Canyon Insurance

Finding cheaper rates on auto insurance requires having a decent driving record, having a good credit score, being claim-free, and insuring your home and auto with the same company. Shop around once a year by getting rate quotes from direct insurance companies, and also from your local independent and exclusive agents.

The following items are a brief recap of the data that was touched on in this article.

• It is possible to save as much as $110 per year simply by quoting early and online
• Consumers who require additional liability coverage will pay about $520 annually to increase from a 30/60 limit to the 250/500 level
• 16 to 18-year-old drivers pay higher rates, possibly costing $329 each month if comprehensive and collision insurance is included
• Drivers who tend to receive serious violations may pay on average $1,120 more each year than a driver with a clean driving record