Gmc Canyon Car Insurance Cost

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. 

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Below average GMC Canyon insurer costs by state:

• Arizona car insurance – $968 per year

• Kentucky car insurance – $1,243 per year

• Georgia car insurance – $1,587 per year

• New York car insurance – $1,827 per year

• Ohio car insurance – $912 per year

• Tennessee car insurance – $1,056 per year 

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 score, type 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 Toyota, Honda, 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.