GMC Canyon Insurance Rates

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

Estimates include $500 physical damage deductibles, liability coverage up to 30/60, and includes medical and uninsured motorist coverage. Prices are averaged for all 50 states and Canyon trim levels.

Price Range Variability

Urban vs. Rural Price Range

Living in a larger city has a large influence on the price of insurance. More rural locations are shown to have a lower frequency of physical damage claims than densely populated cities.

The diagram below illustrates how location helps determine insurance prices.

The examples above illustrate why it is important to get quotes for a targeted area and risk profile, rather than using average rates.

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

Detailed Rate Analysis

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

• The best discount rate is $589
• Choosing higher $1,000 deductibles can save approximately $890 each year
• The average rate for a good driver age 40 who has $500 deductibles is $968
• Using low $100 deductibles for comp and collision coverage will increase the cost to $1,114
• Drivers who are prone to accidents and violations could pay up to $2,084 or more
• Policy cost for full coverage for a teenage driver can cost as much as $3,952 each year

View Chart as Image

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

Older drivers with no driving violations and high deductibles may only pay around $900 annually on average, or $75 per month, for full coverage. Rates are much higher for teenagers, where even good drivers will be charged 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 North Carolina, Wisconsin, and Vermont, or be forced to pay as much as $1,310 on average in Florida, New York, and Michigan.

View Chart as Image

Using high physical damage deductibles can save as much as $230 a year, while buying higher liability limits will increase premiums. Switching from a 50/100 limit to a 250/500 limit will raise rates by up to $426 extra every 12 months. View Rates by Deductible or Liability Limit

If you have a few points on your driving record or tend to cause accidents, you are probably paying $1,200 to $1,700 extra every year, depending on your age. A high-risk auto insurance policy ranges around 43% to 138% more than a normal policy. View High Risk Driver Rates

Because rates have so much variability, the only way to figure out which auto insurance is cheapest is to get quotes and see how they stack up. Each auto insurer uses a different method to calculate rates, so rate quotes 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 auto insurance takes being a safe and courteous driver, having above-average credit, being claim-free, and not having any coverage lapses. Invest time comparing rates every time your policy renews by obtaining price quotes from direct insurance companies like GEICO, Progressive, and Esurance, and also from several local insurance agents.

Below is a review of the information covered in the charts and tables above.

• It is possible to save approximately $110 per year simply by quoting early and online
• Teenage drivers have the highest car insurance rates, possibly costing $329 each month if full coverage is included
• Increasing comprehensive and collision deductibles can save around $225 each year
• Drivers who have several accidents or serious violations pay on average $1,120 more annually for auto insurance
• Consumers who want higher levels of liability will pay an extra $520 annually to raise limits from a 30/60 limit to 250/500 limits