GMC Canyon Insurance Rates

The average insurance rates for a GMC Canyon are $998 a year for full coverage insurance. Comprehensive costs an estimated $156 a year, collision insurance costs $210, and liability costs around $474. Liability-only coverage costs as low as $522 a year, and high-risk coverage 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:

Prices include $500 policy deductibles, minimum liability limits, and includes both medical and UM/UIM coverage. Prices are averaged for all 50 states and Canyon trim levels.

Price Range Variability

Urban vs. Rural Price Range

Where you live can make a big difference on the price of insurance. More rural locations are shown to have a lower frequency of 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 compare prices for a targeted area and risk profile, instead of making a decision based on averaged prices.

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

Rate Comparisons

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

• The cheapest rate after discounts is $606
• Using higher $1,000 deductibles will save approximately $914 each year
• The average rate for a good driver age 40 who has $500 deductibles is $998
• Selecting low $100 deductibles for physical damage coverage will increase the cost to $1,154
• High-risk insureds with serious driving violations could pay up to $2,148
• Policy cost for full coverage for a 16-year-old driver can cost as much as $4,040 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 liability limits and deductibles.

Older drivers with no violations or accidents and high deductibles may pay as low 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 at least $4,000 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 $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

Choosing higher comprehensive and collision insurance deductibles could cut rates by as much as $240 annually, while buying higher liability limits will increase premiums. 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 $1,200 to $1,700 additional every year, depending on your age. A high-risk auto insurance policy can be from 42% to 134% more than the average policy. View High Risk Driver Rates

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 Right GMC Canyon Insurance

Finding cheaper rates on insurance for a GMC Canyon requires being a good driver, having a good credit history, being claim-free, and possibly raising deductibles. Spend time shopping around every couple of years by requesting rates from direct insurance companies like GEICO, Progressive, and Esurance, and also from several local insurance agents.

The following list is a quick rundown of the material that was touched on above.

• Insureds who want an increased level of liability coverage will pay approximately $520 annually to increase from a 30/60 limit to 250/500 limits
• Drivers age 16 to 20 are expensive to insure, possibly costing $337 each month including comprehensive and collision insurance
• Drivers considered higher risk with reckless driving or DUI convictions pay on average $1,150 more annually than a safer driver
• Increasing comprehensive and collision deductibles can save around $250 each year