GMC Canyon Insurance Rates

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

Average premium for full coverage: $968

Policy rates broken down by type of insurance:

Rate estimates include $500 comprehensive and collision deductibles, liability coverage up to 30/60, and includes uninsured/under-insured motorist coverage. Prices are averaged for all 50 states and Canyon models.

Price Range Variability

Urban vs. Rural Price Range

Where you live has a large influence on the price of insurance. More rural locations are shown to have a lower frequency of physical damage claims than densely populated cities. The graphic below illustrates how rural and urban location affects insurance prices.

The examples above illustrate why all drivers should compare prices for a targeted area and risk profile, rather than using average rates.

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

More Rate Information

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

• The best discount rate is $589
• Using higher $1,000 deductibles will save approximately $78 each year
• The average rate for a good driver age 40 who has $500 deductibles is $968
• Using low deductibles for physical damage coverage will cost an extra $146 each year
• Higher-risk drivers who are prone to accidents and violations could pay up to $2,084
• Policy cost for full coverage for a teenage driver can cost as much as $3,952 or more

View Chart as Image

Auto 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.

More mature drivers with a good driving record and high deductibles may only pay around $900 a year, or $75 per month, for full coverage. Rates are much higher for teenagers, where even good drivers will have to pay at least $3,900 a year. View Rates by Age

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

View Chart as Image

Using high physical damage deductibles could cut rates by as much as $230 a year, whereas increasing liability limits will increase premiums. Switching from a 50/100 limit to a 250/500 limit will raise rates by up to $426 extra every 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 in extra premium every year, depending on your age. Insurance for high-risk drivers can be around 43% to 138% more than a normal 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 Best GMC Canyon Insurance

Finding cheaper rates on auto insurance requires having a decent driving record, having good credit, being claim-free, and consideration of higher deductibles. Set aside time to shop around every time your policy renews by obtaining price quotes from direct insurance companies like GEICO, Progressive, and Esurance, and also from several local insurance agents.

The following items are a brief recap of the information raised in the charts and tables above.

• It is possible to save approximately $110 per year just by quoting online in advance
• 16 to 18-year-old drivers are the costliest to insure, possibly costing $329 each month if they have full coverage
• Increasing comprehensive and collision deductibles can save around $225 each year
• Drivers who tend to receive serious violations pay on average $1,120 more annually than a driver with a clean driving record
• Consumers who want additional liability coverage will pay an extra $520 annually to increase from a 30/60 limit to 250/500 limits