GMC Canyon Insurance Rates

The average insurance rates for a GMC Canyon are $1,030 a year for full coverage. Comprehensive insurance costs an estimated $166 a year, collision costs $228, and liability costs around $478. Buying just liability costs as low as $526 a year, with insurance for high-risk drivers costing $2,222 or more. Teens cost the most to insure at $4,154 a year or more.

Average premium for full coverage: $1,030

Policy rates broken down by type of insurance:

These estimates include $500 physical damage deductibles, 30/60 liability coverage, and includes UM/UIM and medical coverage. Prices are averaged for all states and Canyon trim levels.

Price Range Variability

Urban vs. Rural Price Range

Where you live can have significant affects on insurance rates. More rural locations are shown to have a lower frequency of accident claims than cities with more traffic congestion.

The diagram below illustrates the difference between rural and urban areas on insurance prices.

The examples above show why it is important to compare prices for a targeted area and risk profile, instead of using averaged prices.

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

Rates by State, City, and Model

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

• The cheapest rate after discounts is $623
• Using higher $1,000 deductibles will save approximately $940 a year
• The average rate for a good driver age 40 who has $500 deductibles is $1,030
• Selecting low $100 deductibles for physical damage coverage will cost an extra $172 every year
• Drivers with serious driving violations could pay up to $2,222 or more
• Policy cost for full coverage for a teen driver can cost as much as $4,154 or more

View Chart as Image

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

Older drivers with a clean driving record and high deductibles may pay as little as $1,000 a year, or $83 per month, for full coverage. Rates are much higher for teenagers, where even good drivers can expect to pay at least $4,100 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 $680 a year in states like Iowa, Maine, and Idaho, or have to pay at least $1,470 on average in New York, Louisiana, and Michigan.

View Chart as Image

Choosing higher comprehensive and collision insurance deductibles could cut rates by as much as $270 every year, while buying higher liability limits will increase premiums. Going from a 50/100 limit to a 250/500 limit will raise rates by up to $430 more per year. View Rates by Deductible or Liability Limit

If you have a few points on your driving record or tend to cause accidents, you could be paying $1,200 to $1,800 extra every year, depending on your age. A high-risk auto insurance policy can be as much as 43% to 129% more than the average policy. View High Risk Driver Rates

Because rates have so much variability, the only way to know which auto insurance is cheapest is to get quotes and see which company has the best rate. Each insurance company calculates rates differently, so the rates will be varied from one company to the next.

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 Cheap GMC Canyon Insurance

Finding cheaper rates on car insurance requires being a safe and courteous driver, maintaining good credit, avoid buying unnecessary coverage, and taking advantage of discounts. Set aside time to compare rates every year by quoting rates from direct carriers like GEICO, Progressive, and Esurance, and also from local independent and exclusive agents.

Below is a brief summary of the coverage data covered above.

• Drivers can save approximately $120 per year simply by quoting early and online
• Increasing comprehensive and collision deductibles can save around $250 each year
• Teenage drivers are charged the highest rates, costing up to $346 each month for full coverage
• Higher risk drivers that tend to have accidents or serious violations pay an average of $1,190 more annually for auto insurance