GMC Canyon Insurance Rates

The average insurance rates for a GMC Canyon are $968 a year for full coverage. Comprehensive insurance costs an estimated $146 a year, collision costs $190, and liability coverage is estimated at $474. Liability-only coverage costs approximately $522 a year, with high-risk coverage costing $2,084 or more. 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:

These estimates include $500 deductible amounts, 30/60 bodily injury liability limits, and includes both medical and uninsured motorist insurance. Prices are averaged for all states and Canyon trim levels.

Price Range Variability

Urban vs. Rural Price Range

Living in a larger city has a large influence on insurance rates. More rural locations are shown to have lower incidents of accident claims than congested cities.

The diagram below illustrates how location impacts insurance prices.

The examples above show why it is important to get quotes for a targeted area, rather than using rate averages.

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

Additional Rate Details

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

• The best full coverage rate is $589
• Choosing higher $1,000 deductibles can save approximately $890 a year
• The estimated price for a good driver age 40 who has $500 deductibles is $968
• Buying low $100 deductibles for comp and collision coverage will cost an additional $146 each year
• Drivers with multiple tickets or accidents could pay up to $2,084 or more
• Policy cost that insures a teenage driver can cost as much as $3,952 each year

View Chart as Image

Insurance rates for a GMC Canyon also range considerably based on the trim level of your Canyon, how you drive, and liability limits and deductibles.

If you have a few points on your driving record or you caused an accident, you could be paying $1,200 to $1,700 additional every year, depending on your age. A high-risk auto insurance policy ranges around 43% to 138% more than the average rate. View High Risk Driver Rates

Older drivers with no violations or accidents and higher comprehensive and collision deductibles may only pay around $900 annually on average, or $75 per month, for full coverage. Rates are highest for teenagers, since even teens with perfect driving records should be prepared to pay at least $3,900 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 $640 a year in states like Iowa, Maine, and Idaho, or at least $1,380 on average in New York, Louisiana, and Michigan.

View Chart as Image

Opting for high physical damage deductibles can save as much as $230 a year, while buying higher liability limits will increase premiums. Going from a 50/100 bodily injury protection limit to a 250/500 limit will raise rates by up to $426 more each year. View Rates by Deductible or Liability Limit

Because rates have so much variability, the only way to know which auto insurance is cheapest is to get quotes and see how they stack up. Each auto insurer utilizes a different rate formula, and 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 Cheap GMC Canyon Insurance

Finding cheaper rates on auto insurance takes having a good driving record, having a good credit score, avoid buying unnecessary coverage, and maximizing policy discounts. Comparison shop at every other renewal by requesting rates from direct carriers, and also from your local independent and exclusive agents.

The next list is a brief summary of the concepts that were touched on above.

• Drivers that tend to have accidents or serious violations may pay on average $1,120 more annually to buy GMC Canyon insurance
• Drivers age 20 and younger are expensive to insure, costing up to $329 each month if comprehensive and collision insurance is included
• Drivers can save approximately $110 per year simply by quoting early and online
• Increasing comprehensive and collision deductibles can save approximately $225 each year
• Drivers can save approximately $110 per year simply by quoting early and online