GMC Canyon Insurance Rates

The average insurance rates for a GMC Canyon are $968 a year for full coverage. Comprehensive costs approximately $146 each year, collision costs $190, and liability insurance is $474. Liability-only coverage costs around $522 a year, with high-risk coverage 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 by type of insurance:

Rates are based on $500 policy deductibles, 30/60 split liability limits, and includes uninsured/under-insured motorist coverage. Prices are averaged for all states and Canyon models.

Price Range Variability

Urban vs. Rural Price Range

Choosing to live in a large city has a significant impact on car insurance rates. Rural locations are shown to have a lower frequency of accident claims than cities with more traffic congestion.

The graphic below illustrates the effect of geographic area on auto insurance prices.

The examples above show why all drivers should compare rates quotes using their specific location and risk profile, rather than relying on averaged prices.

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

More Rate Information

The chart below shows estimated GMC Canyon insurance rates for additional coverage and risk scenarios.

• The cheapest rate after discounts is $589
• Raising to $1,000 deductibles will save $78 a year
• The average rate for a good driver age 40 who chooses $500 deductibles is $968
• Selecting low deductibles will increase the cost to $1,114
• Higher-risk drivers with serious driving violations could pay around $2,084 or more
• Policy cost for full coverage for a teen driver can cost $3,952

View Chart as Image

Insurance rates for a GMC Canyon also range considerably based on your risk profile, the trim level of your Canyon, and physical damage deductibles and liability limits.

More mature drivers with no violations or accidents and high deductibles could pay as little as $900 every 12 months on average, or $75 per month, for full coverage. Rates are much higher for teenagers, where even good drivers should be prepared to pay in the ballpark of $3,900 a year. View Rates by Age

Your home state also has a big influence on GMC Canyon insurance rates. A middle-age driver might find rates as low as $640 a year in states like Iowa, Maine, and Idaho, or have to pay at least $1,380 on average in New York, Louisiana, and Michigan.

View Chart as Image

Choosing higher comprehensive and collision insurance deductibles can reduce rates by up to $230 each year, whereas increasing liability limits will push rates upward. Going 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 could be paying anywhere from $1,200 to $1,700 additional every year, depending on your age. Insurance for high-risk drivers is expensive and can cost anywhere from 43% to 138% more than the average policy. View High Risk Driver Rates

Because rates have so much variability, the only way to know who has the cheapest car insurance rates is to do a rate comparison from as many companies as possible. Every auto insurance company calculates rates differently, 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 the Best Cheap GMC Canyon Insurance

Finding cheaper rates on GMC Canyon insurance consists of being a good driver, having a good credit history, avoid buying unnecessary coverage, and qualifying for all possible discounts. Take the time to compare rates at least every other year by obtaining price quotes from direct carriers like GEICO, Progressive, and Esurance, and also from local exclusive and independent agents.

The following list is a quick review of the car insurance concepts covered in the above illustrations.

• High-risk drivers with a DUI or reckless driving violation may pay on average $1,120 more per year than a safer driver
• Drivers can save around $110 per year simply by quoting online in advance
• Increasing comprehensive and collision deductibles can save around $225 each year
• Drivers who purchase an increased level of liability coverage will pay approximately $520 each year to raise from a 30/60 limit to 250/500 limits