Buy Cheap GMC Canyon Auto Insurance in 2024
If you want to buy cheap GMC Canyon insurance coverage then you should know that a policy will cost $109 per month ($1,304 per year) on average. On average, GMC Canyon comprehensive insurance coverage costs $318, collision coverage costs $464, and liability coverage costs $368.
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Schimri Yoyo
Licensed Agent & Financial Advisor
Schimri Yoyo is a financial advisor with active insurance licenses in seven states and over 20 years of professional experience. During his career, he has held roles at Foresters Financial, Strayer University, Minnesota Life, Securian Financial Services, Delaware Valley Advisors, Bridgemark Wealth Management, and Fidelity. Schimri is an educator eager to assist individuals and families in ach...
Licensed Agent & Financial Advisor
UPDATED: Nov 27, 2023
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident auto insurance decisions. Comparison shopping should be easy. We are not affiliated with any one auto insurance provider and cannot guarantee quotes from any single provider. Our auto insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different auto insurance companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.
UPDATED: Nov 27, 2023
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident auto insurance decisions. Comparison shopping should be easy. We are not affiliated with any one auto insurance provider and cannot guarantee quotes from any single provider. Our auto insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different auto insurance companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
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Key takeaways:
- Full coverage costs around $1,304 a year or $109 each month
- A liability-only policy costs around $522 a year or $44 each month
- Highest rates are for teenage drivers at around $4,766 a year or $397 each month
- Good drivers can save as much as $538 a year by earning policy discounts
- GMC Canyon insurance costs around $215 less per year than the average vehicle
Do you need help finding cheap GMC Canyon insurance rates? Full coverage for a GMC Canyon costs around $1,304 a year, or $109 each month. Multiple factors determine these rates, from the GMC Canyon’s model year to the driver’s age. Learn more.
You can start comparing quotes for GMC Canyon car insurance rates from some of the best car insurance companies by using our free online tool now.
GMC Canyon Insurance Cost
The average car insurance costs for a GMC Canyon are $1,304 a year or $109 a month.
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Are GMC Canyons Expensive to Insure?
The chart below details how GMC Canyon insurance rates compare to other trucks like the Chevrolet Silverado 2500HD, GMC Sierra 3500HD, and Honda Ridgeline.
| Vehicle | Comprehensive | Collision | Liability | Total |
| GMC Canyon | $270 | $478 | $398 | $1,304 |
| Chevrolet Silverado 2500HD | $362 | $688 | $420 | $1,650 |
| GMC Sierra 3500HD | $376 | $656 | $420 | $1,632 |
| Honda Ridgeline | $306 | $536 | $450 | $1,472 |
| GMC Sierra | $336 | $594 | $372 | $1,460 |
| Ford F-150 | $322 | $470 | $372 | $1,322 |
| Toyota Tundra | $320 | $512 | $440 | $1,452 |
However, there are a few things you can do to find the cheapest GMC insurance rates online.
Read more: Buy Cheap Chevrolet Auto Insurance
What Impacts the Cost of GMC Canyon Insurance?
The GMC Canyon trim and model you choose can impact the total price you will pay for GMC Canyon car insurance coverage.
Age of the Vehicle
Older GMC Canyon models generally cost less to insure. For example, auto insurance rates for a 2018 GMC Canyon are $1,304, while 2010 GMC Canyon rates are $1,104, a difference of $200.
| Model Year | Comprehensive | Collision | Liability | Total |
| 2018 GMC Canyon | $270 | $478 | $398 | $1,304 |
| 2017 GMC Canyon | $260 | $466 | $416 | $1,300 |
| 2016 GMC Canyon | $250 | $446 | $430 | $1,284 |
| 2015 GMC Canyon | $238 | $430 | $442 | $1,268 |
| 2012 GMC Canyon | $210 | $338 | $460 | $1,166 |
| 2011 GMC Canyon | $196 | $310 | $460 | $1,124 |
| 2010 GMC Canyon | $190 | $292 | $464 | $1,104 |
Driver Age
Driver age can have a significant effect on the cost of GMC Canyon car insurance. For example, a 20-year-old driver could pay around $133 more each month for their GMC Canyon car insurance than 30-year-old driver.
Driver Location
Where you live can have a large impact on GMC Canyon insurance rates. For example, drivers in Phoenix may pay $717 a year less than drivers in Los Angeles.
Your Driving Record
Your driving record can have an impact on the cost of GMC Canyon car insurance. Teens and drivers in their 20’s see the highest jump in their GMC Canyon auto insurance rates with violations on their driving record.
GMC Canyon Safety Ratings
Your GMC Canyon car insurance rates are tied to the safety ratings of the GMC Canyon. See the breakdown below:
| Test Type | Rating |
| Small overlap front: driver-side | Good |
|---|---|
| Small overlap front: passenger-side | Marginal |
| Moderate overlap front | Good |
| Side | Good |
| Roof strength | Good |
| Head restraints and seats | Good |
| Source: Insurance Institute for Highway Safety | |
GMC Canyon Crash Test Ratings
Good GMC Canyon crash test ratings can lower your GMC Canyon auto insurance rates. See GMC Canyon crash test results below:
| Vehicle Tested | Overall | Frontal | Side | Rollover |
| 2020 GMC Canyon PU/EC 4WD | 4 stars | 4 stars | 5 stars | 3 stars |
| 2020 GMC Canyon PU/EC 2WD | 4 stars | 4 stars | 5 stars | 3 stars |
| 2020 GMC Canyon PU/CC 4WD | 4 stars | 4 stars | 5 stars | 3 stars |
| 2020 GMC Canyon PU/CC 2WD | 4 stars | 4 stars | 5 stars | 3 stars |
| 2019 GMC Canyon PU/EC RWD | 4 stars | 4 stars | 5 stars | 3 stars |
| 2019 GMC Canyon PU/EC 4WD | 4 stars | 4 stars | 5 stars | 3 stars |
| 2019 GMC Canyon PU/CC RWD | 4 stars | 4 stars | 5 stars | 3 stars |
| 2019 GMC Canyon PU/CC 4WD | 4 stars | 4 stars | 5 stars | 3 stars |
| 2018 GMC Canyon PU/EC RWD | 4 stars | 4 stars | 5 stars | 3 stars |
| 2018 GMC Canyon PU/EC 4WD | 4 stars | 4 stars | 5 stars | 3 stars |
| 2018 GMC Canyon PU/CC RWD | 4 stars | 4 stars | 5 stars | 3 stars |
| 2018 GMC Canyon PU/CC 4WD | 4 stars | 4 stars | 5 stars | 3 stars |
| 2017 GMC Canyon PU/EC RWD | 4 stars | 4 stars | 5 stars | 3 stars |
| 2017 GMC Canyon PU/EC 4WD | 4 stars | 4 stars | 5 stars | 3 stars |
| 2017 GMC Canyon PU/CC RWD | 4 stars | 4 stars | 5 stars | 3 stars |
| 2017 GMC Canyon PU/CC 4WD | 4 stars | 4 stars | 5 stars | 3 stars |
| 2016 GMC Canyon PU/EC RWD | 4 stars | 4 stars | 5 stars | 3 stars |
| 2016 GMC Canyon PU/EC 4WD | 4 stars | 4 stars | 5 stars | 3 stars |
| 2016 GMC Canyon PU/CC RWD | 4 stars | 4 stars | 5 stars | 3 stars |
| 2016 GMC Canyon PU/CC 4WD | 4 stars | 4 stars | 5 stars | 3 stars |
| 1-5 Star Rating Scale, N/R = No Rating | Source: National Highway Traffic Safety Administration | ||||
|---|---|---|---|---|
GMC Canyon Safety Features
Good GMC Canyon safety features can result in insurers giving you car insurance discounts. The safety features for the 2020 GMC Canyon are:
- Driver Air Bag
- Passenger Air Bag
- Front Head Air Bag
- Rear Head Air Bag
- Front Side Air Bag
- 4-Wheel ABS
- 4-Wheel Disc Brakes
- Electronic Stability Control
- Daytime Running Lights
- Traction Control
GMC Canyon Insurance Loss Probability
The GMC Canyon’s insurance loss ratio varies between different coverage types. While some types of insurance loss ratios are higher for the GMC Canyon, others are more favorable and lead to lower insurance rates.
| Insurance Coverage Category | Loss Rate |
| Collision | -46% |
|---|---|
| Property Damage | no data |
| Comprehensive | -12% |
| Personal Injury | no data |
| Medical Payment | no data |
| Bodily Injury | no data |
| Source: Insurance Institute for Highway Safety | |
GMC Canyon Finance and Insurance Cost
If you are financing a GMC Canyon, you will pay more if you purchase GMC Canyon car insurance at the dealership, so be sure to shop around and compare GMC Canyon car insurance quotes from the best companies using our FREE tool below.
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Ways to Save on GMC Canyon Insurance
You have more options at your disposal to save money on your GMC Canyon car insurance costs. For example, try these five tips:
- Spy on Your Teen Driver
- Compare GMC Canyon Quotes for Free Online
- Understand that Insurance Companies Can’t Change Your GMC Canyon Auto Insurance Rate Mid-Term Based on Changes to Your Credit Score
- Get Married and Ask for a Discount
- Renew Your GMC Canyon Insurance Coverage to Avoid Lapses
Top GMC Canyon Insurance Companies
Who is the best auto insurance company for GMC Canyon insurance rates? While the actual rates you pay will depend on many factors, here are some of the top companies offering GMC Canyon auto insurance coverage (ordered by market share). Many of these companies offer discounts for security systems and other safety features that the GMC Canyon offers.
| Rank | Company | Volume | Market Share |
| 1 | State Farm | $65,615,190 | 9.3% |
| 2 | Geico | $46,106,971 | 6.6% |
| 3 | Progressive | $39,222,879 | 5.6% |
| 4 | Liberty Mutual | $35,600,051 | 5.1% |
| 5 | Allstate | $35,025,903 | 5.0% |
| 6 | Travelers | $28,016,966 | 4.0% |
| 7 | USAA | $23,483,080 | 3.3% |
| 8 | Chubb | $23,388,385 | 3.3% |
| 9 | Farmers | $20,643,559 | 2.9% |
| 10 | Nationwide | $18,442,145 | 2.6% |
| Source: Insurance Information Institute | |||
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You can start comparing quotes for GMC Canyon insurance from some of the top car insurance companies by using our free online tool today.
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Frequently Asked Questions
Can I get cheap auto insurance for my GMC Canyon?
Yes, it’s possible to find affordable auto insurance for your GMC Canyon. By comparing quotes from different insurance providers and taking advantage of available discounts, you can lower your insurance costs.
What factors can affect the cost of GMC Canyon auto insurance?
Several factors can impact the cost of your GMC Canyon auto insurance. These include your age, driving history, location, credit score, the model and year of your GMC Canyon, and the coverage options you choose.
How can I reduce the cost of my GMC Canyon auto insurance?
There are a few strategies you can use to lower the cost of your GMC Canyon auto insurance:
- Compare quotes from multiple insurance providers to find the best rates.
- Maintain a clean driving record and avoid traffic violations.
- Opt for a higher deductible, but ensure it’s an amount you can comfortably afford.
- Inquire about available discounts, such as multi-policy, safe driver, or low-mileage discounts.
- Consider installing safety features in your GMC Canyon, as some insurers offer discounts for added safety measures.
Are there any specific discounts available for GMC Canyon owners?
Yes, some insurance companies offer specific discounts for GMC Canyon owners. These may include discounts for safety features like anti-lock brakes, airbags, or anti-theft devices. Additionally, you may be eligible for loyalty discounts or discounts for insuring multiple vehicles with the same provider.
Should I choose the minimum required coverage to save money?
While opting for minimum coverage may save you money in the short term, it’s important to consider the potential risks. Minimum coverage may not provide adequate protection in the event of an accident or theft. It’s recommended to assess your needs and consider a coverage level that balances affordability with sufficient protection.
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Schimri Yoyo
Licensed Agent & Financial Advisor
Schimri Yoyo is a financial advisor with active insurance licenses in seven states and over 20 years of professional experience. During his career, he has held roles at Foresters Financial, Strayer University, Minnesota Life, Securian Financial Services, Delaware Valley Advisors, Bridgemark Wealth Management, and Fidelity. Schimri is an educator eager to assist individuals and families in ach...
Licensed Agent & Financial Advisor
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.