GMC Canyon Insurance Rates

The average auto insurance rates for a GMC Canyon are $998 annually including full coverage. Comprehensive insurance costs approximately $156, collision costs $210, and liability costs around $474. Liability-only coverage costs as low as $522 a year, with high-risk coverage costing $2,148 or more. Teen drivers cost the most to insure at $4,040 a year or more.

Average premium for full coverage: $998

Policy rates by type of insurance:

Includes $500 comprehensive and collision deductibles, 30/60 liability limits, and includes additional medical/uninsured motorist coverage. Prices are averaged for all 50 U.S. states and for different Canyon trim levels.

Price Range Variability

Urban vs. Rural Price Range

Where you live can have significant affects on car insurance prices. Rural locations are shown to have fewer comprehensive and collision claims than larger metro areas.

The price range example below illustrates how rural and urban location affects auto insurance prices.

The examples above highlight why anyone shopping for car insurance should compare prices using their specific location and their own personal driving habits, instead of using price averages.

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

Additional Rate Analysis

The chart below breaks down estimated GMC Canyon insurance rates for additional coverage and risk scenarios.

• The lowest rate with discounts is $606
• Using higher $1,000 deductibles will save $84 every year
• The estimated rate for a good driver age 40 who chooses $500 deductibles is $998
• Choosing more expensive low deductibles for physical damage coverage costs an additional $156 every year
• Drivers with multiple violations and an at-fault accident could pay around $2,148 or more
• Policy cost with full coverage for a teen driver with full coverage can cost $4,040 or more

View Chart as Image

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

An older driver with no violations or accidents and high physical damage deductibles may pay as little as $900 a year, or $75 per month, for full coverage. Rates are highest for teenagers, where even without any violations or accidents they should be prepared to pay in the ballpark of $4,000 a year. View Rates by Age

If you have a few points on your driving record or you caused a few accidents, you are likely paying anywhere from $1,200 to $1,700 additional every year, depending on your age. High-risk driver insurance can be as much as 42% to 134% more than average. View High Risk Driver Rates

Choosing high deductibles could cut rates by as much as $240 every year, while increasing your policy's liability limits will push rates upward. Changing from a 50/100 bodily injury limit to a 250/500 limit will raise rates by up to $426 more each year. View Rates by Deductible or Liability Limit

Your home state has a huge impact on GMC Canyon insurance prices. A driver around age 40 might see rates as low as $770 a year in states like Vermont, New Hampshire, and Missouri, or as much as $1,420 on average in Louisiana, New York, and Michigan.

View Chart as Image

Because rates have so much variability, the best way to figure out who has the best auto insurance rates is to compare rates and see which company has the best rate. Each insurance company uses a different rate calculation, and rates will be varied between companies.

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 Buy the Cheapest GMC Canyon Insurance

Finding cheaper rates on car insurance requires avoiding accidents and violations, having good credit, paying for small claims out-of-pocket, and qualifying for all possible discounts. Set aside time to shop around at every policy renewal by requesting quotes from direct car insurance companies like Progressive, GEICO, and Esurance, and also from local insurance agencies.

The list below is a recap of the data raised in the charts and tables above.

• Policyholders who purchase higher liability limits will pay about $520 per year to increase from a 30/60 limit to higher 250/500 limits
• You may be able to save around $110 per year simply by shopping early and online
• Increasing comprehensive and collision deductibles could save up to $250 each year
• Teenagers are the costliest to insure, with premiums being up to $337 each month if they have full coverage