GMC Canyon Insurance Rates

The average insurance rates for a GMC Canyon are $968 a year including full coverage. Comprehensive costs an estimated $146 each year, collision costs $190, and liability costs around $474. Buying just liability costs as low as $522 a year, with insurance for high-risk drivers costing around $2,084. 16-year-old drivers 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:

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

Price Range Variability

Urban vs. Rural Price Range

Where you live can have significant affects on the price of auto insurance. More rural locations are shown to have lower incidents of comprehensive and collision claims than congested cities.

The graphic below illustrates how location helps determine insurance prices.

The examples above highlight why all drivers should compare prices for a targeted area, instead of using rate averages.

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

Detailed 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 a good driver age 40 who has $500 deductibles is $968
• Buying low deductibles for physical damage coverage bumps up the cost to $1,114
• Drivers with multiple tickets or accidents could pay up to $2,084 or more
• Policy cost that insures a teen driver can cost as much as $3,952 or more

View Chart as Image

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

If you have a few points on your driving record or you caused an accident, you are likely paying $1,200 to $1,700 extra every year, depending on your age. Insurance for high-risk drivers can be as much as 43% to 138% more than the average rate. View High Risk Driver Rates

More mature drivers with a clean driving record and higher comprehensive and collision deductibles may pay as little as $900 a year, or $75 per month, for full coverage. Rates are highest for teenagers, since even teens with perfect driving records can expect to pay at least $3,900 a year. View Rates by Age

Your home state has a huge impact on GMC Canyon insurance prices. A driver around age 40 might see rates 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.

View Chart as Image

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

Because rates have so much variability, the best way to figure out which auto insurance is cheapest is to do a rate comparison and see which company has the best rate. Each insurance company utilizes a different rate formula, so the 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 Affordable GMC Canyon Insurance

Finding cheaper rates on car insurance requires being a safe and courteous driver, having above-average credit, paying for small claims out-of-pocket, and taking advantage of discounts. Comparison shop every couple of years by requesting rates from direct car insurance companies, and also from your local car insurance providers.

Below is a brief review of the material that was covered in the charts and tables above.

• Policyholders who want higher levels of liability will pay around $520 per year to increase from a 30/60 limit to the 250/500 level
• Teenage drivers are charged the highest rates, with premiums being up to $329 each month if full coverage is included
• Higher risk drivers with DUI or reckless driving convictions could be charged and average of $1,120 more annually for auto insurance
• Increasing comprehensive and collision deductibles can save approximately $225 each year