GMC Canyon Insurance Rates

The average insurance rates for a GMC Canyon are $968 a year for full coverage. Comprehensive insurance costs on average $146, collision costs $190, and liability costs $474. Liability-only insurance costs as little as $522 a year, with high-risk driver insurance costing $2,084 or more. Teenage drivers cost the most to insure at $3,952 a year or more.

Average premium for full coverage: $968

Policy rates by type of insurance:

Full coverage includes $500 policy deductibles, split liability limits of 30/60, and includes uninsured/under-insured motorist coverage. Prices are averaged for all states and for different Canyon trim levels.

Price Range Variability

Urban vs. Rural Price Range

Your location can make a big difference on car insurance rates. Rural areas are shown to have lower incidents of accident claims than densely populated cities.

The price range example below illustrates the difference between rural and urban areas on car insurance rates.

The examples above show why anyone shopping for car insurance should compare rates based on a specific location, instead of making a decision based on average rates.

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

More Rate Information

The chart below shows estimated GMC Canyon insurance rates for different risk profiles and scenarios.

• The best discount rate is $589
• Drivers who choose higher $1,000 deductibles will pay around $78 a year
• The estimated price for a good driver age 40 with $500 deductibles is $968
• Using more expensive low deductibles for comprehensive and collision insurance will cost an additional $146 annually
• Drivers who are prone to accidents and violations could pay upwards of $2,084 or more
• Policy cost that insures a 16-year-old driver with full coverage may cost $3,952 a year

View Chart as Image

Auto insurance rates for a GMC Canyon also range considerably based on the model year and trim level, how you drive, and policy deductibles and limits.

If you have a few points on your driving record or you caused an accident, you could be paying at a minimum $1,200 to $1,700 in extra premium every year, depending on your age. High-risk driver insurance can cost from 43% to 138% more than a normal policy. View High Risk Driver Rates

An older driver with a good driving record and higher comprehensive and collision deductibles may pay as low as $900 per year on average, or $75 per month, for full coverage. Rates are much higher for teenagers, since even teens with perfect driving records will have to pay upwards of $3,900 a year. View Rates by Age

Your home state makes a big difference in GMC Canyon insurance prices. A 40-year-old driver could pay as low as $640 a year in states like Idaho, Maine, and Iowa, or be forced to pay as much as $1,380 on average in Michigan, Louisiana, and New York.

View Chart as Image

Using high physical damage deductibles could save up to $230 annually, while increasing your policy's liability limits will cost you more. Going from a 50/100 bodily injury protection limit to a 250/500 limit will raise rates by up to $426 extra every year. View Rates by Deductible or Liability Limit

Because rates have so much variability, the only way to know exactly what you will pay is to compare rates from multiple companies. Every company uses a different method to calculate rates, and quoted 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 More Affordable GMC Canyon Insurance

Finding cheaper rates on insurance for a GMC Canyon not only requires being a good driver, but also maintaining a good credit score, avoid buying unnecessary coverage, and taking advantage of discounts. Compare prices at least once a year by getting quotes from direct carriers, and also from local exclusive and independent agents.

The following list is a summary of the primary concepts that were covered above.

• Drivers can save as much as $110 per year simply by shopping early and online
• Drivers considered higher risk who have multiple accidents or major violations may pay on average $1,120 more each year than a safer driver
• Increasing comprehensive and collision deductibles can save approximately $225 each year
• Drivers age 16 to 20 are charged the highest rates, costing up to $329 each month if the policy includes full coverage