GMC Canyon Insurance Rates

The average insurance rates for a GMC Canyon are $998 a year with full coverage. Comprehensive costs around $156 each year, collision costs $210, and liability insurance is estimated at $474. Liability-only coverage costs approximately $522 a year, with high-risk coverage costing around $2,148. Teenage drivers cost the most to insure at $4,040 a year or more.

Average premium for full coverage: $998

Policy rates for type of insurance:

Estimates include $500 policy deductibles, 30/60 liability coverage, and includes both medical and uninsured motorist insurance. Prices are averaged for all U.S. states and Canyon models.

Price Range Variability

Urban vs. Rural Price Range

Living in a larger city has a significant impact on insurance rates. Areas with sparse population are shown to have a lower frequency of collision claims than densely populated cities.

The graphic below illustrates the difference between rural and urban areas on auto insurance rates.

The examples above demonstrate why all drivers should get quotes for a specific zip code and risk profile, rather than relying on average rates.

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

Additional Rate Details

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

• The best discount rate is $606
• Choosing higher $1,000 deductibles can save about $84 annually
• The average rate for a good driver age 40 using $500 deductibles is $998
• Using low deductibles for comp and collision coverage will increase the cost to $1,154
• High-risk insureds who are prone to accidents and violations could pay at least $2,148 or more
• Policy cost for full coverage for a teen driver can be $4,040 each year

View Chart as Image

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

More mature drivers with no violations or accidents and high deductibles could pay as little as $900 annually on average, or $75 per month, for full coverage. Rates are much higher for teenagers, where even good drivers should be prepared to pay as much as $4,000 a year. View Rates by Age

Your home state plays a big part in determining prices for GMC Canyon insurance rates. A good driver about age 40 could pay as low as $720 a year in states like New Hampshire, Ohio, and Utah, or be forced to pay as much as $1,350 on average in Florida, Michigan, and New York.

View Chart as Image

Using high physical damage deductibles can save as much as $240 each year, whereas increasing liability limits will increase rates. Moving from a 50/100 limit to a 250/500 limit will raise rates by up to $426 more each year. View Rates by Deductible or Liability Limit

If you have a few points on your driving record or tend to cause accidents, you may be forking out at least $1,200 to $1,700 additional every year, depending on your age. Insurance for high-risk drivers ranges anywhere from 42% to 134% more than a normal policy. View High Risk Driver Rates

Because rates have so much variability, the best way to find out your exact price is to do a rate comparison from as many companies as possible. Each auto insurer uses a different method to calculate rates, and rates will be varied from one company to the next.

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 Low Cost GMC Canyon Insurance

Finding cheaper rates on GMC Canyon insurance takes being a good driver, having a good credit history, not filing small claims, and taking advantage of discounts. Set aside time to compare rates every year by requesting rates from direct companies like GEICO, Progressive, and Esurance, and also from local independent and exclusive agents.

The following list is a review of the coverage data covered above.

• You may be able to save up to $110 per year simply by quoting online in advance
• Increasing comprehensive and collision deductibles can save around $250 each year
• Drivers age 16 to 20 are charged the highest rates, as much as $337 each month including comprehensive and collision insurance
• High-risk drivers who have several accidents or serious violations pay an average of $1,150 more every year than a safer driver