GMC Canyon Insurance Rates

The average insurance prices for a GMC Canyon are $1,310 every 12 months including full coverage. Comprehensive costs an estimated $280 each year, collision costs $482, and liability insurance costs $390. Buying just liability costs as little as $452 a year, with insurance for high-risk drivers costing around $2,822. Teenage drivers cost the most to insure at $4,896 a year or more.

Average premium for full coverage: $1,310

Policy rates broken down by type of insurance:

Prices include $500 deductibles, 30/60 liability coverage, and includes uninsured motorist coverage. Prices are averaged for all 50 U.S. states and Canyon models.

Price Range Variability

Urban vs. Rural Price Range

Your location has a significant impact on the price of auto insurance. More rural locations are shown to have more infrequent comprehensive and collision claims than densely populated cities.

The graphic below illustrates how rural and urban location affects insurance prices.

The examples above highlight why all drivers should compare rates for a targeted area and their own driving history, rather than relying on average rates.

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

Insurance Rate Analysis

The chart below breaks down estimated GMC Canyon insurance rates for other coverage scenarios.

• The best discount rate is $761
• Drivers who choose higher $1,000 deductibles will pay approximately $172 every year
• The average price for a good driver age 40 who has $500 deductibles is $1,310
• Using low deductibles for comprehensive and collision insurance increases the price to $1,644
• High risk drivers who are prone to accidents and violations could pay up to $2,822 or more
• Policy cost to insure a teen driver can cost as much as $4,896 a year

View Chart as Image

Insurance rates for a GMC Canyon also range considerably based on liability limits and deductibles, your driving characteristics, and the model year and trim level.

Using high physical damage deductibles could save up to $510 each year, whereas increasing liability limits will increase premiums. Changing from a 50/100 liability limit to a 250/500 limit will raise rates by up to $351 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 $1,200 per year on average, or $100 per month, for full coverage. Rates are much higher for teenagers, since even excellent drivers can expect to pay at least $4,800 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 likely paying $1,500 to $2,100 extra every year, depending on your age. Insurance for high-risk drivers can cost anywhere from 43% to 128% more than a normal policy. View High Risk Driver Rates

Your home state makes a big difference in GMC Canyon insurance rates. A 40-year-old driver could pay as low as $1,010 a year in states like Vermont, New Hampshire, and Missouri, or be forced to pay as much as $1,870 on average in Louisiana, New York, and Michigan.

View Chart as Image

Because rates have so much variability, the best way to figure out which auto insurance is cheapest is to do a rate comparison from as many companies as possible. Every company uses a different method to calculate rates, so the rates will be varied.

Insurance Rates by Trim Level and Model Year

Rates assume 2020 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 the Right GMC Canyon Insurance

Finding cheaper rates on GMC Canyon insurance not only requires being a safe driver, but also having good credit, paying for small claims out-of-pocket, and taking advantage of discounts. Set aside time to shop around every year by requesting rates from direct car insurance companies, and also from local insurance agencies.

Here is a quick rundown of the coverage data raised in the charts and tables above.

• You may be able to save approximately $160 per year simply by quoting online in advance
• Increasing comprehensive and collision deductibles could save as much as $500 each year
• Young drivers are charged the highest rates, with premiums being up to $408 each month if they have full coverage
• High-risk drivers with reckless driving or DUI convictions may have to pay on average $1,510 more annually for insurance