GMC Canyon Insurance Rates

The average insurance prices for a GMC Canyon are $968 every 12 months for full coverage insurance. Comprehensive costs an estimated $146 a year, collision costs $190, and liability insurance costs around $474. A liability-only policy costs as low as $522 a year, with high-risk insurance costing around $2,084. Teens 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:

Rate estimates include $500 policy deductibles, split liability limits of 30/60, and includes medical and 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 significant impact on the price of insurance. More rural locations are shown to have more infrequent physical damage claims than cities with more traffic congestion.

The diagram below illustrates how rural and urban location affects insurance prices.

The examples above illustrate why it is important to compare prices for a targeted area and their own driving history, rather than relying on averaged prices.

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

Detailed Rate Analysis

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

• The cheapest rate after discounts is $589
• Using higher $1,000 deductibles will save approximately $890 each year
• The average price for a good driver age 40 who has $500 deductibles is $968
• Selecting low $100 deductibles for physical damage coverage increases the price to $1,114
• Drivers with serious driving violations could pay up to $2,084 or more
• Policy cost to insure a teen driver can cost as much as $3,952 or more

View Chart as Image

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

Choosing higher comprehensive and collision insurance deductibles could cut rates by as much as $230 each year, while buying higher liability limits will increase premiums. Switching from a 50/100 liability limit to a 250/500 limit will raise rates by up to $426 extra every 12 months. View Rates by Deductible or Liability Limit

Older drivers with no driving violations and higher deductibles could pay as little as $900 a year, or $75 per month, for full coverage. Rates are much higher for teenagers, since even excellent drivers will be charged at least $3,900 a year. View Rates by Age

If you have a few points on your driving record or you were responsible for an accident, you are probably paying $1,200 to $1,700 extra every year, depending on your age. A high-risk auto insurance policy can be anywhere from 43% to 138% more than the average policy. View High Risk Driver Rates

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 North Carolina, Wisconsin, and Vermont, or have to pay at least $1,310 on average in Florida, New York, and Michigan.

View Chart as Image

Because rates have so much variability, the only way to figure out which auto insurance is cheapest is to get quotes from as many companies as possible. Each insurance company calculates rates differently, so rate quotes 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 Shop for the Best GMC Canyon Insurance

Finding cheaper rates on GMC Canyon insurance requires avoiding accidents and claims, maintaining a good credit score, being claim-free, and not having any coverage lapses. Set aside time to shop around at least once a year by obtaining price quotes from direct insurance companies, and also from insurance agencies where you live.

The points below are a brief recap of the primary concepts that were raised in the charts and tables above.

• It is possible to save approximately $110 per year simply by quoting early and online
• High-risk drivers who tend to receive serious violations could be forced to pay on average $1,120 more annually to insure a GMC Canyon
• Increasing comprehensive and collision deductibles could save as much as $225 each year
• Drivers under the age of 20 have the highest car insurance rates, possibly costing $329 each month if the policy includes full coverage