GMC Canyon Insurance Rates

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

Prices are based on $500 policy deductibles, 30/60 liability limits, and includes both medical and UM/UIM coverage. Prices are averaged for all 50 states and for different Canyon trim levels.

Price Range Variability

Urban vs. Rural Price Range

Where you live can have significant affects on insurance rates. Rural areas are shown to have a lower frequency of physical damage claims than cities with more traffic congestion.

The price range example below illustrates how location helps determine car insurance rates.

The examples above illustrate why anyone shopping for car insurance should compare prices based on a specific location and risk profile, instead of using averaged prices.

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

Rate Comparisons

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

• The cheapest rate after discounts is $589
• Using higher $1,000 deductibles will save around $78 each year
• The average rate for a good driver age 40 with $500 deductibles is $968
• Selecting more expensive low deductibles for physical damage coverage will cost an extra $146 every year
• Drivers with serious driving violations could pay upwards of $2,084 or more
• Policy cost for full coverage for a teen driver with full coverage may cost $3,952 or more

View Chart as Image

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

An older driver with no violations or accidents and high deductibles may pay as little as $900 a year, or $75 per month, for full coverage. Rates are much higher for teenagers, where even good drivers should be prepared to pay upwards of $3,900 a year. View Rates by Age

Your home state has a huge impact on GMC Canyon insurance prices. A driver around age 40 might see rates as low as $640 a year in states like Vermont, Wisconsin, and North Carolina, or have to pay at least $1,310 on average in Michigan, New York, and Florida.

View Chart as Image

Choosing higher comprehensive and collision insurance deductibles could cut rates by as much as $230 every year, while increasing your policy's liability limits will cost you more. Switching 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 are probably paying at a minimum $1,200 to $1,700 additional every year, depending on your age. High-risk driver insurance can be as much as 43% to 138% more than the average policy. View High Risk Driver Rates

Because rates have so much variability, the only way to figure out exactly what you will pay is to compare rates and see which company has the best rate. Each 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 Affordable GMC Canyon Insurance

Finding cheaper rates on car insurance requires avoiding accidents and claims, having a good credit history, being claim-free, and insuring your home and auto with the same company. Invest time comparing rates at every policy renewal by requesting rates from direct insurance companies like GEICO, Progressive, and Esurance, and also from local independent and exclusive agents.

The points below are a brief review of the data covered in the charts and tables above.

• Policyholders who require increased liability limits will pay approximately $520 annually to increase from a 30/60 limit to 250/500 limits
• It is possible to save as much as $110 per year simply by shopping early and online
• Increasing comprehensive and collision deductibles can save around $225 each year
• Drivers under the age of 20 pay higher rates, possibly costing $329 each month including comprehensive and collision insurance