GMC Canyon Insurance Rates

The average insurance rates for a GMC Canyon are $998 a year for full coverage insurance. Comprehensive costs around $156 a year, collision costs $210, and liability is $474. Liability-only coverage costs around $522 a year, with high-risk coverage costing around $2,148. Teens cost the most to insure at $4,040 a year or more.

Average premium for full coverage: $998

Policy rates for type of insurance:

Includes $500 deductible amounts, bodily injury liability limits of 30/60, and includes UM/UIM and medical coverage. Prices are averaged for all 50 states and Canyon trim levels.

Price Range Variability

Urban vs. Rural Price Range

Choosing to live in a large city can have significant affects on car insurance rates. Areas with sparse population are shown to have lower incidents of physical damage claims than cities with more traffic congestion.

The diagram below illustrates how location impacts auto insurance rates.

The examples above illustrate why it is important to compare rates quotes for a specific zip code, instead of using averaged prices.

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

Rates by State, City, and Model

The chart below illustrates estimated GMC Canyon insurance rates for additional coverage choices and driver risks.

• The cheapest rate after discounts is $606
• Raising to $1,000 deductibles will save about $914 each year
• The estimated price for a good driver age 40 using $500 deductibles is $998
• Selecting low $100 deductibles bumps up the cost to $1,154
• At-risk drivers with serious driving violations could pay at least $2,148 or more
• Policy cost that insures a teen driver can be $4,040

View Chart as Image

Insurance rates for a GMC Canyon also range considerably based on the trim level of your Canyon, your age and driving record, and deductibles and policy limits.

If you have a few points on your driving record or you caused an accident, you are probably paying at least $1,200 to $1,700 additional every year, depending on your age. A high-risk auto insurance policy is expensive and can cost as much as 42% to 134% more than the average policy. View High Risk Driver Rates

Older drivers with no violations or accidents and higher comprehensive and collision deductibles may pay as little as $900 every 12 months on average, or $75 per month, for full coverage. Rates are much higher for teenagers, since even teens with perfect driving records should be prepared to pay as much as $4,000 a year. View Rates by Age

Your home state also has a big influence on GMC Canyon insurance prices. A middle-age driver might find rates as low as $650 a year in states like Vermont, Wisconsin, and North Carolina, or have to pay at least $1,350 on average in Michigan, New York, and Florida.

View Chart as Image

Choosing higher comprehensive and collision insurance deductibles can reduce rates by up to $240 every year, while buying higher liability limits will increase rates. Switching 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 figure out your exact price is to get quotes and see which company has the best rate. Every auto insurance company calculates rates differently, 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 the Cheapest GMC Canyon Insurance

Finding cheaper rates on car insurance consists of having a good driving record, having a good credit score, being claim-free, and taking advantage of discounts. Compare rates every other policy renewal by quoting rates from direct insurance companies, and also from insurance agencies where you live.

The next list is a recap of the ideas that were touched on above.

• Drivers age 20 and younger are charged the highest rates, possibly costing $337 each month if comprehensive and collision insurance is included
• Higher risk drivers that have major violations or accidents could be forced to pay on average $1,150 more every year to buy GMC Canyon insurance
• Increasing comprehensive and collision deductibles can save approximately $250 each year
• It is possible to save up to $110 per year simply by quoting early and online