GMC Canyon Insurance Rates

The average insurance prices for a GMC Canyon are $998 every 12 months for full coverage insurance. Comprehensive costs an estimated $156 a year, collision insurance costs $210, and liability is estimated at $474. Buying just liability costs approximately $522 a year, and insurance for high-risk drivers costs around $2,148. Teens cost the most to insure at up to $4,040 a year.

Average premium for full coverage: $998

Policy rates broken down by type of insurance:

Rates are based on $500 physical damage insurance deductibles, liability limits of 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 can make a big difference on the price of insurance. More rural locations are shown to have more infrequent physical damage claims than cities with more traffic congestion. The diagram below illustrates how location impacts insurance prices.

The examples above illustrate why it is important to get quotes for a targeted area and their own driving history, instead of making a decision based on averaged prices.

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

Detailed Rate Analysis

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

• The cheapest rate after discounts is $606
• Choosing higher $1,000 deductibles can save approximately $914 each year
• The average price for a good driver age 40 who has $500 deductibles is $998
• Selecting low $100 deductibles for comp and collision coverage increases the price to $1,154
• Higher-risk drivers with serious driving violations could pay up to $2,148
• Policy cost to insure a 16-year-old driver can cost as much as $4,040 each year

View Chart as Image

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

Choosing higher comprehensive and collision insurance deductibles can save as much as $240 annually, while buying higher liability limits will increase premiums. Switching from a 50/100 liability limit to a 250/500 limit will raise rates by up to $426 more per year. View Rates by Deductible or Liability Limit

Older drivers with a clean driving record and higher deductibles may pay as low as $900 annually on average, or $75 per month, for full coverage. Rates are much higher for teenagers, since even excellent drivers can expect to pay at least $4,000 a year. View Rates by Age

If you have a few points on your driving record or you were responsible for an accident, you are probably paying $1,200 to $1,700 extra every year, depending on your age. A high-risk auto insurance policy ranges from 42% to 134% more than the average policy. View High Risk Driver Rates

Your home state plays a big part in determining prices for GMC Canyon insurance prices. A good driver about age 40 could pay as low as $650 a year in states like North Carolina, Wisconsin, and Vermont, or have to pay at least $1,350 on average in Florida, New York, and Michigan.

View Chart as Image

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 Shop for the Best Cheap GMC Canyon Insurance

Finding cheaper rates on insurance for a GMC Canyon takes being a low-risk driver, having good credit, being claim-free, and deciding if full coverage is necessary. Spend time shopping around once a year by quoting rates from direct insurance companies, and also from insurance agencies where you live.

The items below are a quick review of the data that was touched on above.

• It is possible to save approximately $110 per year just by quoting early and online
• Insureds who want more liability coverage will pay approximately $520 annually to raise limits from a 30/60 limit to a 250/500 level
• Teen drivers are charged the highest rates, possibly costing $337 each month if they have full coverage
• Drivers considered higher risk with a DUI or reckless driving violation could be forced to pay on average $1,150 more annually to insure their Canyon