GMC Canyon Insurance Rates

The average insurance prices for a GMC Canyon are $968 every 12 months for full coverage insurance. Comprehensive insurance costs on average $146 each year, collision costs $190, and liability insurance is $474. Buying just liability costs around $522 a year, with insurance for high-risk drivers costing $2,084 or more. Teenage drivers cost the most to insure at $3,952 a year or more.

Average premium for full coverage: $968

Policy rates by type of insurance:

Full coverage includes $500 physical damage insurance deductibles, minimum liability limits, and includes uninsured motorist and medical coverage. Prices are averaged for all 50 states and Canyon models.

Price Range Variability

Urban vs. Rural Price Range

Choosing to live in a large city has a significant impact on insurance rates. Rural areas are shown to have more infrequent physical damage claims than densely populated cities.

The graphic below illustrates the difference between rural and urban areas on car insurance rates.

The examples above illustrate why all drivers should compare rates quotes based on a specific location and their own driving history, rather than relying on average rates.

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

Additional Rate Information

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

• The best discount rate is $589
• Raising to $1,000 deductibles will save around $78 each year
• The average price for a good driver age 40 with $500 deductibles is $968
• Using low deductibles costs an extra $146 a year
• Higher-risk drivers who are prone to accidents and violations could pay upwards of $2,084 or more
• Policy cost to insure a teen driver may cost $3,952

View Chart as Image

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

Using high physical damage deductibles can reduce rates by up to $230 each year, whereas increasing liability limits will cost you more. Switching from a 50/100 liability limit to a 250/500 limit will raise rates by up to $426 more per year. View Rates by Deductible or Liability Limit

More mature drivers with a clean driving record and higher deductibles could 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 excellent drivers can expect to pay upwards of $3,900 a year. View Rates by Age

If you have a few points on your driving record or you were responsible for an accident, you are probably paying at a minimum $1,200 to $1,700 extra every year, depending on your age. Insurance for high-risk drivers is expensive and can cost anywhere from 43% to 138% more than a normal policy. View High Risk Driver Rates

Your home state also has a big influence on GMC Canyon insurance rates. A middle-age driver might find rates as low as $640 a year in states like Vermont, Wisconsin, and North Carolina, or be forced to pay as much as $1,310 on average in Michigan, New York, and Florida.

View Chart as Image

Because rates have so much variability, the only way to figure out exactly what you will pay is to do a rate comparison from as many companies as possible. Every auto insurance company uses a different method to calculate rates, so the 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 Shop for More Affordable GMC Canyon Insurance

Finding cheaper rates on GMC Canyon insurance consists of being a low-risk driver, having good credit, being claim-free, and bundling your home and auto policies. Set aside time to compare rates every couple of years by getting rate quotes from direct insurance companies, and also from several local insurance agents.

The items below are a summary of the material that was covered above.

• Drivers who require more liability coverage will pay an extra $520 annually to raise from a 30/60 limit to a 250/500 level
• Teen drivers pay the highest rates, possibly costing $329 each month if they have full coverage
• High-risk drivers who have multiple accidents or major violations pay on average $1,120 more each year to insure their Canyon
• Increasing comprehensive and collision deductibles could save as much as $225 each year