Leslie Kasperowicz holds a BA in Social Sciences from the University of Winnipeg. She spent several years as a Farmers Insurance CSR, gaining a solid understanding of insurance products including home, life, auto, and commercial and working directly with insurance customers to understand their needs. She has since used that knowledge in her more than ten years as a writer, largely in the insuranc...

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Joel Ohman is the CEO of a private equity-backed digital media company. He is a CERTIFIED FINANCIAL PLANNER™, author, angel investor, and serial entrepreneur who loves creating new things, whether books or businesses. He has also previously served as the founder and resident CFP® of a national insurance agency, Real Time Health Quotes. He also has an MBA from the University of South Florid...

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Reviewed by Joel Ohman
Founder, CFP®

UPDATED: Jun 17, 2021

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Are you looking for a new or used GMC Canyon? And wondering how much it costs to insure by year? We researched average annual car insurance costs for each model year and have compiled the results for you below.

GMC Canyon car insurance facts

  • Average full coverage auto insurance premium: $118/month

  • Most affordable companies: Erie Insurance ($73/month) & GEICO ($80/month)

  • Canyon car insurance cost vs. average rates: $45 less expensive than the average vehicle

Explore the pricing information below to find how much it will cost you to insure your GMC Canyon by model year and auto insurer.

Make sure to comparison shop before making a new car purchase to save money. 

Free Auto Insurance Comparison

Enter your ZIP code below to view companies that have cheap auto insurance rates.

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Below average GMC Canyon insurer costs by state:

Risk factors affecting GMC Canyon car insurance rates

The make and model of your vehicle, along with the year of manufacture, are the three most important factors in determining your car’s value, which in turn is the main factor in determining your car insurance premium. Your own personal driving history, age, marital status, credit scoretype of vehicle, coverage levels, and other personal factors are also important components of your car insurance rate.

How to save money on GMC Canyon car insurance coverage?

Many driver discounts are available to people through most major auto insurance companies, such as

  • Student discounts

  • Safe drivers

  • Senior discounts

With all GMC models, you can get the following car insurance discounts:

  • Passive restraint systems

  • Anti-lock brakes

  • Anti-theft devices

GMC automobile brand

General Motors Company (GMC) is an American multinational automaker specializing in affordable automobiles and commercial vehicles under the GMC brand for the United States market. GMC is the largest United States automobile manufacturer and one of the world’s largest auto manufacturers. The target market of GMC is middle, upper-middle, and upper-class U.S. consumers focusing on advanced technology with creative designs and affordability. All GMC automobiles have high safety ratings, with many of their cars getting “Top Safety Pick” and 5-star safety and crash test ratings from the National Highway Traffic Safety Administration (NHTSA). The GMC Sierra 1500, Canyon, Terrain, and Yukon are some of their most popular vehicles.

High GMC Canyon repair costs equal high car insurance rates

Many consumers are attracted to GMC’s creative designs, increased fuel efficiencies, and driver-assist technologies, like GMC’s Pro and GMC Pro Safety technological innovations. Automotive parts are common but generally more expensive than popular vehicles, like the ToyotaHonda, or Subaru. Repairing a GMC is higher than average since repair parts are slightly more expensive. For this reason, many GMCs are going to have higher than average car insurance rates compared to similar cars in their class.

Rapid depreciation for GMC Canyon affecting car insurance policies

Another factor to consider for GMC is rapid depreciation, affecting auto insurance rates. As your vehicle’s value goes down each year, your auto policy could go down at each renewal. On the other hand, in an auto accident, you need repair parts that rarely go down in price for all GMC models. This could put you in a difficult situation position since many car insurance companies will subtract depreciation from the amount paid for your car insurance claim resulting in a situation where your claim payout doesn’t fully cover your repair cost.

Excellent GMC IIHS and NHTSA safety ratings decreasing car insurance rates for drivers

GMCs are known for their safety ratings, safety features, 5-star crash test ratings, driver-assist technologies such as GMC’s Pro Safety and Pro Safety Plus innovations, and lower auto insurance rates for drivers with a good driving record, sometimes getting 20% car insurance discounts for passive restraints and safety features for most GMC models. The GMC Terrain and Acadia are the Insurance Institute for Highway Safety (IIHS) “Top Safety Picks,” and the NHTSA consistently gives GMC automobiles top safety ratings each year, lowering your car insurance costs.

AutoInsureSavings.org licensed car insurance agents to recommend comprehensive and collision coverage, uninsured motorist coverage, and roadside assistance for new GMC automobile owners when buying a car insurance policy.

Make sure to shop around with multiple car insurance carriers before making a new car purchase.

2021 GMC Canyon

Cheapest Insurance CompaniesAverage Annual Cost
Allstate$1530
Auto-Owners$976
Cincinnati Insurance$2011
Direct Auto$1973
Erie$880
GEICO$932
Kentucky Farm Bureau$1729
Liberty Mutual$1416
MetLife$2038
Nationwide$1306
Plymouth Rock Insurance$1597
Progressive$1643
State Farm$1044
Tennessee Farmers$945
Texas Farm Bureau$1235
The Hanover$1834
Travelers$1028
USAA$1190

Compare all 2021 GMC Canyon rates

Average Cost to Insure Per Year

$1420

List Price

$26800

Trims Available

SL - Base - SLE - All Terrain - SLT - Denali - Base Engine: 200-horsepower, 2.5-liter four-cylinder with GMC Safe Assist driver technologies: forward collision warning (FCW) with pedestrian detection, automatic emergency braking (AEB), lane departure warning (LDW), lane-keeping assistance (LKA), a following distance indicator, IntelliBeam automatic high-beam headlights, Standard and passive safety features: Adaptive Cruise Control, Lane Departure Warning, Rear Cross-Traffic Alert, Lane Change Alert with Side Blind Zone Alert, Safety Alert Seat, Onstar Safety and Security, Airbags, Anti-lock brakes, Stability control, Airbags, and Pretensioners

2020 GMC Canyon

Cheapest Insurance CompaniesAverage Annual Cost
Allstate$1448
Auto-Owners$980
Erie$877
Farmers$1591
GEICO$922
Liberty Mutual$1330
Mercury$1524
MetLife$1849
Nationwide$1265
Progressive$1560
State Farm$1045
Tennessee Farmers$943
Texas Farm Bureau$1162
The Hanover$1711
Travelers$1036
USAA$1077

Compare all 2020 GMC Canyon rates

Average Cost to Insure Per Year

$1253

List Price

$22200

Trims Available

SL - Base - SLE - All Terrain - SLT - Denali - Base Engine: 200-horsepower, 2.5-liter four-cylinder with GMC Safe Assist driver technologies: forward collision warning (FCW) with pedestrian detection, automatic emergency braking (AEB), lane departure warning (LDW), lane-keeping assistance (LKA), a following distance indicator, IntelliBeam automatic high-beam headlights, Standard and passive safety features: Adaptive Cruise Control, Lane Departure Warning, Rear Cross-Traffic Alert, Lane Change Alert with Side Blind Zone Alert, Safety Alert Seat, Onstar Safety and Security, Airbags, Anti-lock brakes, Stability control, Airbags, and Pretensioners

2019 GMC Canyon

Cheapest Insurance CompaniesAverage Annual Cost
Allstate$1435
Auto-Owners$975
Erie$869
GEICO$899
Kentucky Farm Bureau$1629
Liberty Mutual$1329
Mercury$1490
MetLife$1835
Nationwide$1263
Progressive$1548
State Farm$1046
Tennessee Farmers$935
Texas Farm Bureau$1154
The Hanover$1706
Travelers$1023
USAA$1065

Compare all 2019 GMC Canyon rates

Average Cost to Insure Per Year

$1186

List Price

$22200

Trims Available

SL - Base - SLE - All Terrain - SLT - Denali - Base Engine: 200-horsepower, 2.5-liter four-cylinder with GMC Safe Assist driver technologies: forward collision warning (FCW) with pedestrian detection, automatic emergency braking (AEB), lane departure warning (LDW), lane-keeping assistance (LKA), a following distance indicator, IntelliBeam automatic high-beam headlights, Standard and passive safety features: Adaptive Cruise Control, Lane Departure Warning, Rear Cross-Traffic Alert, Lane Change Alert with Side Blind Zone Alert, Safety Alert Seat, Onstar Safety and Security, Airbags, Anti-lock brakes, Stability control, Airbags, and Pretensioners

2018 GMC Canyon

Cheapest Insurance CompaniesAverage Annual Cost
Acuity$ 1112
Acuity$ 1112
Allied$ 1053
Allied$ 1053
American Family$ 1017
American Family$ 1017
Erie$ 818
Erie$ 818
GEICO$ 578
GEICO$ 578
Nationwide$ 822
Nationwide$ 822
Plymouth Rock Insurance$ 1110
Plymouth Rock Insurance$ 1110
Progressive$ 769
Progressive$ 769
State Farm$ 743
State Farm$ 743
Tennessee Farmers$ 1119
Tennessee Farmers$ 1119
USAA$ 796
USAA$ 796
Vermont Mutual$ 1054
Vermont Mutual$ 1054

Compare all 2018 GMC Canyon rates

Average Cost to Insure Per Year

$ 948

List Price

$ 21100

Trims Available

SL - Base - SLE - All Terrain - SLT - Denali

2017 GMC Canyon

Cheapest Insurance CompaniesAverage Annual Cost
Acuity$ 1145
Acuity$ 1145
Allied$ 1095
Allied$ 1095
American Family$ 1081
American Family$ 1081
Erie$ 797
Erie$ 797
GEICO$ 572
GEICO$ 572
Nationwide$ 872
Nationwide$ 872
Plymouth Rock Insurance$ 1090
Plymouth Rock Insurance$ 1090
Progressive$ 769
Progressive$ 769
State Farm$ 778
State Farm$ 778
Texas Farm Bureau$ 828
Texas Farm Bureau$ 828
USAA$ 798
USAA$ 798
Vermont Mutual$ 1054
Vermont Mutual$ 1054

Compare all 2017 GMC Canyon rates

Average Cost to Insure Per Year

$ 965

List Price

$ 20885

Trims Available

SL - Base - SLE - SLT - Denali

2016 GMC Canyon

Cheapest Insurance CompaniesAverage Annual Cost
Allied$ 1063
Allied$ 1063
American Family$ 968
American Family$ 968
Country$ 1081
Country$ 1081
Erie$ 762
Erie$ 762
GEICO$ 567
GEICO$ 567
Nationwide$ 856
Nationwide$ 856
Plymouth Rock Insurance$ 1061
Plymouth Rock Insurance$ 1061
Progressive$ 755
Progressive$ 755
State Farm$ 763
State Farm$ 763
Texas Farm Bureau$ 773
Texas Farm Bureau$ 773
USAA$ 764
USAA$ 764
Vermont Mutual$ 1013
Vermont Mutual$ 1013

Compare all 2016 GMC Canyon rates

Average Cost to Insure Per Year

$ 912

List Price

$ 20940

Trims Available

SL - Base - SLE - SLT

2015 GMC Canyon

Cheapest Insurance CompaniesAverage Annual Cost
Allied$ 1028
Allied$ 1028
American Family$ 992
American Family$ 992
Erie$ 732
Erie$ 732
GEICO$ 560
GEICO$ 560
Nationwide$ 868
Nationwide$ 868
Plymouth Rock Insurance$ 1034
Plymouth Rock Insurance$ 1034
Progressive$ 808
Progressive$ 808
State Farm$ 690
State Farm$ 690
Tennessee Farmers$ 916
Tennessee Farmers$ 916
Texas Farm Bureau$ 764
Texas Farm Bureau$ 764
USAA$ 703
USAA$ 703
Vermont Mutual$ 953
Vermont Mutual$ 953

Compare all 2015 GMC Canyon rates

Average Cost to Insure Per Year

$ 891

List Price

$ 20955

Trims Available

SL - Base - SLE - SLT

2012 GMC Canyon

Cheapest Insurance CompaniesAverage Annual Cost
Acuity$ 828
Acuity$ 828
Allied$ 895
Allied$ 895
American Family$ 824
American Family$ 824
Erie$ 540
Erie$ 540
GEICO$ 429
GEICO$ 429
Nationwide$ 882
Nationwide$ 882
Progressive$ 703
Progressive$ 703
State Farm$ 583
State Farm$ 583
Tennessee Farmers$ 716
Tennessee Farmers$ 716
Texas Farm Bureau$ 466
Texas Farm Bureau$ 466
USAA$ 597
USAA$ 597
Vermont Mutual$ 664
Vermont Mutual$ 664

Compare all 2012 GMC Canyon rates

Average Cost to Insure Per Year

$ 743

List Price

$ 17490

Trims Available

Work Truck - SLE-1 - SLE-2 - SLT

2011 GMC Canyon

Cheapest Insurance CompaniesAverage Annual Cost
American Family$ 794
American Family$ 794
Arbella$ 801
Arbella$ 801
Country$ 841
Country$ 841
Erie$ 574
Erie$ 574
GEICO$ 365
GEICO$ 365
Nationwide$ 800
Nationwide$ 800
Progressive$ 685
Progressive$ 685
State Farm$ 534
State Farm$ 534
Tennessee Farmers$ 664
Tennessee Farmers$ 664
Texas Farm Bureau$ 458
Texas Farm Bureau$ 458
USAA$ 571
USAA$ 571
Vermont Mutual$ 606
Vermont Mutual$ 606

Compare all 2011 GMC Canyon rates

Average Cost to Insure Per Year

$ 706

List Price

$ 17155

Trims Available

Work Truck - SLE-1 - SLT