2007 GMC Canyon Insurance Rates
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UPDATED: Nov 19, 2021
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Average insurance rates for a 2007 GMC Canyon are $968 a year for full coverage insurance. Comprehensive insurance costs approximately $146 each year, collision insurance costs $190, and liability coverage costs $474. Buying a liability-only policy costs as little as $522 a year, and high-risk insurance costs $2,084 or more. Teenage drivers receive the highest rates at up to $3,952 a year.
Annual premium for full coverage: $968
Rate estimates for 2007 GMC Canyon Insurance
Rate data is compiled from all 50 U.S. states and averaged for all 2007 GMC Canyon models. Rates are based on a 40-year-old male driver, $500 comprehensive and collision deductibles, and a clean driving record. Remaining premium consists of UM/UIM coverage, Medical/PIP, and policy fees.
Price Range by Coverage and Risk
For a driver in their 40's, prices range range from as low as $522 for just liability insurance to a high rate of $2,084 for a driver who has had serious violations or accidents.
These differences illustrate why all drivers should compare rates using their specific location and risk profile, rather than using average rates.
Use the form below to get rates for your location.
Enter your zip code below to view companies based on your location that have cheap auto insurance rates.
Recommended Companies for Cheap 2007 GMC Canyon Insurance
Trying to find lower insurance coverage rates? Buyers have options when searching for affordable GMC Canyon insurance. You can either waste hours struggling with agents to get rate comparisons or leverage the internet to find the lowest rates. There are more efficient ways to find insurance coverage online so we’re going to tell you the best way to compare rates for your GMC and get the cheapest rates from both online companies and local agents.
It’s smart to check insurance coverage prices yearly since rates are adjusted regularly by insurance companies. Even if you got the best deal on Canyon coverage a few years ago the chances are good that you can find a lower rate today. There is a lot of bad advice regarding insurance coverage online, so with this article, you’re going to get a bunch of ideas how to save money.
The fastest way that we advise to compare car insurance company rates is to know most larger insurance companies will pay a fee to give rate comparisons. The only thing you need to do is give them rating details such as your credit rating estimate, how much school you completed, daily mileage, and any included safety features. Your information is then sent to multiple insurance providers and you receive quotes almost instantly.
GMC Canyon rates influenced by many factors
Consumers need to have an understanding of the factors that go into determining the rates you pay for auto insurance. Having a good understanding of what determines base rates empowers consumers to make smart changes that can help you get lower auto insurance prices.
Listed below are a few of the “ingredients” used by your company to calculate your rates.
- Tickets mean higher rates – Drivers with clean records get better rates than people who have multiple driving citations. Just one speeding ticket may increase your cost by as much as thirty percent. Drivers who have severe citations such as hit and run, DWI or reckless driving convictions may need to submit a SR-22 form to the state department of motor vehicles in order to drive a vehicle legally.
- Pleasure use or commuting – The more miles you rack up on your GMC in a year’s time the more you will pay for auto insurance. Almost all companies charge to insure your cars based on their usage. Vehicles that are left in the garage receive lower rates as compared to vehicles used primarily for driving to work. Improper usage on your Canyon may be wasting your money. Verify your auto insurance policy properly reflects how each vehicle is driven, because improper ratings can cost you money.
- You might want pay the small claims yourself – Car insurance companies generally give better rates to people who are claim-free. If you tend to file frequent claims, you can look forward to higher rates. Car insurance is intended to be relied upon for the bigger claims that can’t be paid out-of-pocket.
- More than one policy can earn a discount – The majority of companies give discounts to insureds who carry more than one policy, otherwise known as a multi-policy discount. If you currently are using one company, you may still want to compare rates to confirm you are receiving the best rates possible. Consumers may find better rates by buying auto insurance from a different company.
- Males pay more for insurance – Statistics demonstrate that men are more aggressive behind the wheel. However, this does not mean women are BETTER drivers than men. Men and women have accidents at about the same rate, but the men have costlier accidents. Men also statistically get cited for more serious violations such as reckless driving. Teenage male drivers are most likely to cause an accident and therefore are the most expensive to insure.
- High credit ratings translate to low rates – Your credit score is a large factor in your rate calculation. If your credit is lower than you’d like, you could potentially save money when insuring your 2007 GMC Canyon by repairing your credit. Drivers who have excellent credit tend to be better drivers and file fewer claims as compared to drivers with poor credit.
- High deductibles save money – Deductibles for physical damage define the amount you are willing to pay before a claim is paid by your company. Insurance for physical damage to your car, termed comprehensive and collision coverage on your policy, insures against damage to your car. Some examples of claims that would be covered are running into the backend of another car, collision with an animal, and rolling your vehicle. The more expense the insured has to pay upfront, the less your company will charge you for insurance on Canyon coverage.
- Equipment add-ons that lower auto insurance rates – Choosing a vehicle that has an advanced theft prevention system can help bring down rates. Anti-theft features like vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems can thwart auto theft.
Take discounts and save
Car insurance companies don’t list all their discounts very clearly, so we break down both the well known and also the lesser-known savings tricks you should be using. If you’re not getting every credit you deserve, you are paying more than you should be.
- Anti-theft Discount – Vehicles equipped with anti-theft or alarm systems help deter theft and earn discounts up to 10%.
- Club Memberships – Belonging to a qualifying organization may earn a discount when buying car insurance on Canyon coverage.
- Early Signing – Some insurance companies reward drivers for switching policies prior to your current policy expiration. This can save 10% or more.
- Payment Discounts – If you pay your bill all at once rather than paying monthly you may reduce your total bill.
- Homeowners Pay Less – Owning a house may earn you a small savings because of the fact that having a home is proof that your finances are in order.
- Sign Online – Certain companies will discount your bill up to fifty bucks just for signing your application digitally online.
- Air Bag Discount – Cars that have air bags or motorized seat belts can receive discounts up to 30%.
- Drivers Education – Require your teen driver to take driver’s ed class in school.
- Multiple Cars – Having all your vehicles on one policy could earn a price break for each car.
- Save with a New Car – Adding a new car to your policy is cheaper since new cars are generally safer.
A little note about advertised discounts, most discounts do not apply to the entire policy premium. Most only apply to the cost of specific coverages such as liability and collision coverage. So despite the fact that it appears having all the discounts means you get insurance for free, it doesn’t quite work that way.
Insurance companies that may have some of the above discounts include:
- State Farm
- Mercury Insurance
- 21st Century
Check with each company what discounts are available to you. Savings may not be available in every state.
Which policy gives me the best coverage?
When it comes to choosing the best car insurance coverage, there really is not a best way to insure your cars. Everyone’s situation is a little different.
Here are some questions about coverages that might point out if your situation might need professional guidance.
- Am I covered if I wreck a rental car?
- Are my tools covered if they get stolen from my vehicle?
- Is my vehicle covered by my employer’s policy when using it for work?
- Will my vehicle be repaired with OEM or aftermarket parts?
- I don’t drive much so do I pay less?
- Do I have coverage when using my vehicle for my home business?
- When do I need to add a new car to my policy?
If you don’t know the answers to these questions but one or more may apply to you, you might consider talking to an agent. To find an agent in your area, complete this form. It is quick, free and you can get the answers you need.
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Auto insurance coverage information
Understanding the coverages of insurance aids in choosing the best coverages for your vehicles. The coverage terms in a policy can be ambiguous and even agents have difficulty translating policy wording.
Uninsured or underinsured coverage
This gives you protection when the “other guys” either are underinsured or have no liability coverage at all. Covered claims include medical payments for you and your occupants as well as your vehicle’s damage.
Since a lot of drivers only purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. So UM/UIM coverage is important protection for you and your family.
Liability auto insurance
This protects you from injuries or damage you cause to people or other property by causing an accident. This coverage protects you from claims by other people. It does not cover damage to your own property or vehicle.
Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. Your policy might show liability limits of 25/50/25 that means you have $25,000 bodily injury coverage, $50,000 for the entire accident, and a total limit of $25,000 for damage to vehicles and property.
Liability coverage pays for claims such as attorney fees, legal defense fees, repair costs for stationary objects and court costs. How much liability should you purchase? That is a decision to put some thought into, but you should buy as much as you can afford.
Comprehensive insurance will pay to fix damage that is not covered by collision coverage. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive insurance covers things such as theft, hail damage and hitting a bird. The maximum amount your insurance company will pay is the market value of your vehicle, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.
Medical expense coverage
Med pay and PIP coverage pay for bills for rehabilitation expenses, funeral costs, chiropractic care, X-ray expenses and ambulance fees. They can be used to fill the gap from your health insurance program or if there is no health insurance coverage. Coverage applies to you and your occupants and will also cover if you are hit as a while walking down the street. Personal Injury Protection is only offered in select states and may carry a deductible
Auto collision coverage
This covers damage to your Canyon resulting from a collision with an object or car. You have to pay a deductible then the remaining damage will be paid by your insurance company.
Collision coverage protects against things like hitting a parking meter, driving through your garage door, sideswiping another vehicle, hitting a mailbox and damaging your car on a curb. Collision is rather expensive coverage, so consider removing coverage from vehicles that are 8 years or older. Drivers also have the option to raise the deductible to save money on collision insurance.
Summing up your car insurance search
Cheap 2007 GMC Canyon insurance is attainable from both online companies as well as from independent agents, and you should compare price quotes from both to have the best rate selection. There are still a few companies who don’t offer online price quotes and most of the time these small, regional companies sell through independent agents.
Drivers leave their current company for a variety of reasons including questionable increases in premium, extreme rates for teen drivers, not issuing a premium refund or even being labeled a high risk driver. It doesn’t matter what your reason, choosing a new company is pretty simple and you could end up saving a buck or two.
We just showed you a lot of tips how to get a better price on insurance. The most important thing to understand is the more rate quotes you have, the more likely it is that you will get a better rate. Drivers may discover the lowest priced car insurance comes from some of the lesser-known companies.
- Bodily Injury Coverage (Liberty Mutual)
- Information for Teen Drivers (GEICO)
- Distracted Driving Statistics (Insurance Information Insitute)
- Older Driver Statistics (Insurance Information Insitute)
Rates by U.S. City
|New York City, NY||$1,530|
|Los Angeles, CA||$1,653|
Need a specific model?
Choose your model and trim below
Rates by Driver Age
Full coverage, $500 deductibles
Rates by Deductible
Full coverage, driver age 40
Rates by Liability Limit
Full coverage, driver age 40
Rates for High Risk Drivers
Full coverage, $500 deductibles, two speeding tickets, and one at-fault accident
If a financial responsibility filing is required, the additional charge below may also apply.
Potential Rate Discounts
If you qualify for discounts, you may save the amounts shown below.
|5-yr Accident Free||$58|
|5-yr Claim Free||$60|
|Paid in Full/EFT||$34|
Discounts are estimated and may not be available from every company or in every state.