GMC Canyon Insurance Rates

Average insurance rates for a GMC Canyon are $998 a year for full coverage insurance. Comprehensive insurance costs on average $156 a year, collision costs $210, and liability coverage costs $474. Buying just liability costs as little as $522 a year, with insurance for high-risk drivers costing $2,148 or more. Teenage drivers receive the highest rates at $4,040 a year or more.

Average premium for full coverage: $998

Rate estimates by individual coverage type:

Price estimates include $500 deductibles, 30/60 split liability limits, and includes medical/PIP and uninsured motorist coverage. Rates are averaged for all 50 states and Canyon trim levels.

Price Range by Coverage and Risk

Price Range by Location

Your location has a large influence on insurance rates. Rural areas tend to have a lower frequency of physical damage claims than densely populated cities.

The diagram below illustrates the difference location can make on car insurance rates.

These examples illustrate why it is important to compare rates based on a specific location and risk profile, rather than using average rates.

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

Additional Charts and Tables

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

• The best discount rate is $606
• Drivers who choose higher $1,000 deductibles will pay around $914 each year
• The average rate for a 40-year-old driver with $500 deductibles is $998
• Using low $100 deductibles for comprehensive and collision insurance will cost an extra $156 each year
• High-risk insureds who are prone to accidents and violations could pay upwards of $2,148 or more
• The cost for full coverage for a teenage driver may cost $4,040 a year

View Chart as Image

Auto insurance rates for a GMC Canyon can also vary considerably based on your driver profile, the model year and trim level, and policy deductibles and limits.

Older drivers with a good driving record and high deductibles may only pay around $900 per year on average for full coverage. Rates are much higher for teen drivers, where even good drivers will have to pay upwards of $4,000 a year. View Rates by Age

Where you live makes a big difference in GMC Canyon insurance rates. A 40-year-old driver could pay as low as $650 a year in states like Vermont, Wisconsin, and North Carolina, or be forced to pay as much as $1,350 on average in Michigan, New York, and Florida.

View Chart as Image

Using high physical damage deductibles could save up to $240 a year, while buying higher liability limits will cost you more. Switching from a 50/100 limit to a 250/500 limit will cost as much as $426 extra every year. View Rates by Deductible or Liability Limit

If you like to drive fast or tend to cause accidents, you are probably paying at a minimum $1,200 to $1,700 in extra premium per year, depending on your age. A high-risk auto insurance policy can cost around 42% to 134% more than a normal policy. View High Risk Driver Rates

With so much variability in rates, the only way to figure out exactly what you will pay is to get quotes and see how they stack up. Every company uses a different method to calculate rates, and quoted rates can be significantly different 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 Cheaper GMC Canyon Insurance

Saving money on auto insurance not only requires not taking risks behind the wheel, but also having good credit, avoid buying unnecessary coverage, and taking advantage of discounts. Make time to compare rates at least every other year by quoting rates from direct insurance companies like GEICO and Progressive, and also from local independent and exclusive agents.

The following is a condensed summary of the car insurance concepts touched on in this article.

• Drivers with multiple at-fault accidents pay an average of $1,150 more each year for Canyon insurance
• It is possible to save as much as $110 per year simply by quoting early and online
• Increasing deductibles can save around $250 each year
• Consumers who require higher liability limits will pay an extra $520 annually to go from a minimum limit to 250/500 limits