GMC Canyon Car Insurance: How Much Should You Expect to Pay?

The average car insurance price for a GMC Canyon averages out to be around $133 per month. Take a look at our newest guide to learn about how much auto insurance carriers might charge you to insure your GMC Canyon.

Quick Facts

  • Insuring a GMC Canyon costs about the same as insuring the average truck.
  • Liability car insurance for a Canyon runs around $75 monthly, while full coverage generally averages about $143.
  • Sun Coast offers the cheapest average rates for a Canyon with liability only coverage offered for as low as just $30 a month.

Canyon Overview

The GMC Canyon is a great car for drivers on a budget, with 2021 models starting at $26,400. Drive off the dealership lot in style, with your choice of three different trim options.

We analyzed thousands of insurance quotes on Compare.com, and we've found that GMC Canyon auto insurance premiums run around $133 per month, on average. But how does that stack up to other similar vehicles out there on the market?

Current Base Price$26,400
Body Style(s)Truck
Trim LevelsDENALI, AT4, ELEVATION
Average Insurance Premium$133/mo.
Cheapest Insurance CompanySun Coast

How Much is Car Insurance for a GMC Canyon?

Vehicle Liability Only Full Coverage
GMC Canyon$75$143
All GMC Models$73$142
All Trucks$70$147
Average Insurance Premium$81$169

Looking at the table above, you can see that compared to other vehicles, GMC Canyon insurance rates are less expensive than average. On average, Canyon owners will pay about $143 monthly for full coverage, which has comprehensive and collision coverages in addition to liability, and about $75 a month for liability only insurance (our guide, "State Minimum vs. Full Coverage", can provide more details on the difference).

When you compare it to other models, the Canyon is matches the other vehicles in GMC's lineup. Compared to truck offerings from other brands, car insurance for a Canyon runs close to average, with liability insurance prices coming in at 7% higher than other trucks and full coverage insurance premiums at 3% cheaper.

When compared to all vehicles, regardless of body style, make, or model, the Canyon is less expensive for full coverage, but liability only rates are more expensive.

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Who has the Cheapest Car Insurance for a GMC Canyon?

Insurance Company Average Monthly Premium
Mapfre$21
Sun Coast$30
Aspire$34
StateAuto$37
Foremost$38

Are you searching for a car insurance policy for your GMC Canyon? You might want to know which carrier offers the cheapest prices. Even though prices can differ considerably depending on your driver profile, the most affordable average rates for liability only insurance are sometimes as little as $21 monthly from Mapfre. The next lowest company is Sun Coast, who offers insurance as cheap as $30 per month.

Finishing off the rest of the top 5 are Aspire, StateAuto, and Foremost. That being said, just because these five companies offer the lowest average rates doesn't necessarily mean they'll be the cheapest for you.

Insurance carriers use a range of different variables and complex formulas to calculate premiums. Since every driver is different, there's only one way to make sure you get the cheapest premiums, and that's by getting personalized quotes and comparing rates from multiple auto insurance companies.

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What Factors Affect Car Insurance Rates for a GMC Canyon?

There are a whole range of things that car insurance carriers reference to determine how much to charge for a policy -- and every carrier weighs different pieces more heavily than others, so there's not a singular company that's the most affordable for each Canyon owner.

Keep reading to learn which factors auto insurance companies look at and how they affect your final rate:

Vehicle Age

Vehicle Age Average Monthly Premium
Less than 1 Year$61
2-3 Years$67
4-5 Years$71
6-7 Years$85
8-10 Years$70
11-14 Years$80
15 Years or Older$67

The GMC Canyon has been around for a while -- that means vehicle age can make a difference in what you end up paying for insurance. Generally, older cars will be cheaper to insure because they're worth less than newer models, and as time goes on and Canyons begin to depreciate, insurance costs will gradually get lower.

From the table above, you can see the GMC Canyon is not quite in line with this trend, as the most expensive models to insure are those that are 6 to 7 years old, while on average, the cheapest Canyons are 1 year old or less.

Your Age

Age Average Monthly Premium

How old you are plays a significant role in how much car insurance carriers will charge you. Based on the information above, drivers who have more experience on the road have lower rates than drivers under 18. GMC Canyon drivers under 18 actually pay over three times as much as those 25 or older.

Car insurance prices continue to go down as you get older, with the cheapest age group being 65 years and older for Canyon drivers.

Your Gender

Gender Average Monthly Premium
Male$74
Female$76

Because women are less likely to get speeding tickets and get into collisions, they are less likely to file a claim with insurance. So, women tend to get cheaper rates than men. Surprisingly, when it comes to Canyon drivers specifically, men pay around $2 less than women each month for auto insurance.

Where You Live

State Average Monthly Premium
California$49
Florida$117
Georgia$94
Illinois$60
New York$174
North Carolina$42
Ohio$35
Pennsylvania$44
Texas$62
Virginia$49

It may seem like common sense that variables like what vehicle you drive and how old you are play a role in your insurance prices, but you may not realize that where you live can be just as important. Auto insurance is regulated on a state-by-state basis, so premiums change quite a bit from state to state.

For example, the average GMC Canyon driver from New York pays about $174 a month for liability coverage. Meanwhile, on average, the same owner in California will pay less than 50% of that price. The table referenced above shows average rates for the top 10 most populous states, just to give you a good idea of how much prices can change between states.

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GMC Canyon Car Insurance Discounts

Whatever how old you are, which car you drive, or what state you live in, it's always important to take advantage of as many auto insurance discounts as possible when shopping around for a policy.

Even though all insurance companies offer their own unique discounts, there are a few different ones that you'll find with most carriers. These include discounts like:

  • Vehicle safety discounts for having a vehicle with certain safety features (like air bags or anti-lock brakes) or one with higher than average safety ratings
  • Defensive driving discounts for drivers who take a defensive driving class from an accredited school or institution
  • Multi-policy discounts for using the same insurance carrier for both your home and auto insurance
  • Pay-in-full discounts for choosing to pay your entire policy premium up front, rather than in monthly installments

These discounts are great, but sometimes the best way to save is just by having a profile that looks good to car insurance companies.

Although you can't control every single aspect of your auto insurance profile (like some of the variables we mentioned above), there is quite a bit that you do have control over. Below are just a few of the factors you can use in your favor in order to save on insurance:

Your Driving Record

Infractions Average Monthly Premium
1 Accident$97
Multiple Accidents$139
1 Ticket$74
Multiple Tickets$104

You've no doubt seen ads from car insurance carriers offering big discounts for good drivers. And you're probably not surprised to hear that if you get into a collision or get a ticket for speeding, insurance premiums will go higher. But exactly how much will these infractions cost you?

Looking at the table above, you'll notice that accidents will usually cost Canyon drivers more than tickets, but both will result in a raise in rates. GMC Canyon drivers with one ticket will pay an average of $74 per month, while drivers with a single accident on their record pay about $97 per month (up $22 from the $75/mo. overall average). The rates only go up the more tickets you get or accidents you have.

How Much You Drive

Annual Mileage Average Monthly Premium
0-2,500 Miles$60
2,501-5,000 Miles$79
5,001-7,500 Miles$69
7,501-10,000 Miles$74
10,000+ Miles$77

Another variable that affects your auto insurance prices is how much you drive. Drivers who are on the roads less have fewer opportunities to get into an accident, so they'll normally end up paying less for car insurance. Based on the table above, you can see that GMC Canyon owners who drive 10,000 miles or more pay $77 for insurance, while those who drive fewer than 2,500 miles every year pay about $60 monthly.

If you don't use your GMC Canyon that often, you might consider a usage-based or pay-per-mile car insurance policy. With these kinds of coverage, you pay a small monthly amount, and your final monthly bill is calculated based on the number of miles you drove.

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How Do GMC Canyons Compare to Other Vehicles?

If you're considering buying a new vehicle and a GMC Canyon is on your shortlist, you're probably wondering how it compares to other vehicles. Car insurance is just one cost that's associated with a new car purchase, but it's definitely one that's worth thinking about carefully.

Review the table below to see how the GMC Canyon compares:

GMC Canyon National Average
Liability Insurance$69$81
Full Coverage Insurance$173$169
Base MSRP$26,400$46,296
Average Annual Mileage10,90511,617

Overall, the GMC Canyon is a fantastic value when it comes to price, with an MSRP that's a third less than the going rate for a new vehicle. While the national average vehicle price is $46,296, the Canyon goes for just $26,400.

Likewise, auto insurance rates run slightly below average when compared to the rest of the vehicle market. Full coverage insurance for a GMC Canyon is around $4 per month more than average, while liability only coverage is $12 cheaper a month.

When it comes to usage, GMC Canyon drivers are pretty close to the national average in annual miles driven, with 11,617 miles a year for all vehicles compared to the Canyon's 10,905 every year.

GMC Canyon Car Insurance Costs by Model Year

We've walked through many of the things that can have an impact on what you'll pay for car insurance. But if you're thinking about buying a new vehicle and the Canyon is one you're considering, knowing what you can expect to pay for the specific vehicle you're looking at can be extremely valuable as you weigh your options.

2021 GMC Canyon Car Insurance

   
Liability Only Avg. Premium$69
Full Coverage Avg. Premium$173
Base MSRP$26,400
Cheapest Insurance CompanyMercury - $69/mo.
Available TrimsAT4, DENALI, ELEVATION

You can expect full coverage for a 2021 Canyon to run about $173 per month, while liability only coverage will average around $69 monthly.

If you're looking for the most affordable 2021 GMC Canyon insurance policy, Mercury offered the lowest policy we found, with rates sometimes as low as $69 a month.

If you're looking for a more exact figure on what you should pay for auto insurance for a 2021 GMC Canyon, you can get free quotes in minutes by just entering your ZIP code below.

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2020 GMC Canyon Car Insurance

   
Liability Only Avg. Premium$63
Full Coverage Avg. Premium$114
Base MSRP$22,200
Cheapest Insurance CompanyShelter Mutual - $63/mo.
Available TrimsALL TERRAIN, CANYON, DENALI, SLE, SLT

On average, drivers who own a 2020 GMC Canyon can expect to pay $63 to $114 per month for liability only and full coverage car insurance, respectively.

Shelter Mutual offered the cheapest policy we found, with rates as cheap as just $63 a month.

Want something more accurate than national averages? Just enter your ZIP code below to get a variety of free personalized quotes.

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2019 GMC Canyon Car Insurance

   
Liability Only Avg. Premium$58
Full Coverage Avg. Premium$166
Base MSRP$21,500
Cheapest Insurance CompanyAspire - $33/mo.
Available TrimsALL TERRAIN, CANYON, DENALI, SLE, SLT

2019 Canyon drivers can expect to pay an average of $58 monthly for liability or $166 for full coverage.

We found Aspire offered the lowest policy, with rates as low as $33 per month.

If you want to find the best prices for insurance for a 2019 GMC Canyon, enter your ZIP code below and compare multiple personalized quotes in just a few minutes.

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2018 GMC Canyon Car Insurance

   
Liability Only Avg. Premium$79
Full Coverage Avg. Premium$131
Base MSRP$21,100
Cheapest Insurance CompanyClearcover - $19/mo.
Available TrimsCANYON, DENALI, SLE, SLT

It costs about $79 a month for liability or $131 for a full coverage policy for the 2018 GMC Canyon.

Clearcover has premiums as little as $19 monthly for the 2018 GMC Canyon.

Want to find the most affordable rates? Get multiple personalized quotes for free by just entering your ZIP code below.

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2017 GMC Canyon Car Insurance

   
Liability Only Avg. Premium$63
Full Coverage Avg. Premium$159
Base MSRP$20,885
Cheapest Insurance CompanyMetLife - $27/mo.
Available TrimsCANYON, DENALI, SLE, SLT

The average cost to insure a 2017 Canyon with liability only coverage is $63 a month, while full coverage runs around $159 monthly.

With rates as little as just $27 per month, MetLife offered the cheapest policy we found.

If you want to know exactly how much you can expect to pay for your Canyon, just enter your ZIP code below and get several free quotes in minutes.

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2016 GMC Canyon Car Insurance

   
Liability Only Avg. Premium$62
Full Coverage Avg. Premium$137
Base MSRP$20,940
Cheapest Insurance CompanySafeco - $19/mo.
Available TrimsCANYON, SLE, SLT

2016 GMC Canyon drivers can expect to pay an average of $62 a month for liability or $137 for full coverage.

Looking for the lowest policy? Safeco offered liability only coverage for sometimes as cheap as $19 monthly.

While these are good estimates of what the average driver might pay to insure a 2016 GMC Canyon, these premiums might differ based on your driver profile. Get free personalized quotes in minutes by just entering your ZIP code below.

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2015 GMC Canyon Car Insurance

   
Liability Only Avg. Premium$70
Full Coverage Avg. Premium$159
Base MSRP$20,955
Cheapest Insurance CompanyMetLife - $27/mo.
Available TrimsCANYON, SLE, SLT

You can expect full coverage for a 2015 Canyon to run about $159 per month, while liability only coverage will average around $70 monthly.

With prices sometimes as little as $27 a month, MetLife offered the most affordable policy we found for the 2015 GMC Canyon.

Want to figure out exactly what you'll be asked to pay? Get several free customized quotes by just entering your ZIP code below.

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2012 GMC Canyon Car Insurance

   
Liability Only Avg. Premium$79
Full Coverage Avg. Premium$151
Base MSRP$17,410
Cheapest Insurance CompanySafeco - $22/mo.
Available TrimsCANYON, SLE, SLE-2, SLT

The average cost to insure a 2012 GMC Canyon with liability only coverage is $79 per month, while full coverage runs about $151 monthly.

If you're looking for the cheapest possible 2012 GMC Canyon insurance policy, Safeco offered the lowest policy we found, with rates sometimes as cheap as $22 per month.

If you want to find the best rates for auto insurance for a 2012 GMC Canyon, enter your ZIP code below and compare a whole bunch of personalized quotes in just a few minutes.

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2011 GMC Canyon Car Insurance

   
Liability Only Avg. Premium$73
Full Coverage Avg. Premium$131
Base MSRP$17,155
Cheapest Insurance CompanyClearcover - $29/mo.
Available TrimsCANYON, SLE, SLT

On average, drivers who own a 2011 Canyon can expect to pay $73 to $131 a month for liability only and full coverage insurance, respectively.

We found Clearcover offered the most affordable policy, with rates sometimes as low as $29 per month.

These average premiums are a great starting point if you're in the market for a 2011 GMC Canyon, but there are several different factors that go into calculating your policy rates. If you want to figure out exactly what you'll be asked to pay, get customized quotes by entering your ZIP below.

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2010 GMC Canyon Car Insurance

   
Liability Only Avg. Premium$78
Full Coverage Avg. Premium$170
Base MSRP$16,985
Cheapest Insurance CompanyMetLife - $25/mo.
Available TrimsCANYON, SLE, SLE-2, SLT

It costs around $78 monthly for liability or $170 for a full coverage policy for the 2010 GMC Canyon.

Looking for the cheapest policy? MetLife offered liability only coverage for as low as $25 a month.

Want to know exactly how much you'll pay? All you need to do is enter your ZIP code below and you'll be on your way to comparing an array of personalized quotes from the nation's top insurance companies.

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GMC Canyon Insurance FAQs

Is a GMC Canyon expensive to insure?

Liability insurance runs an average of $75 per month, while full coverage will cost you around $143. It costs about the same to insure a GMC Canyon as insuring the average vehicle.

How can I get the best price on car insurance for my GMC Canyon?

The only way to be sure you're getting the lowest price on car insurance is to check prices regularly and compare quotes from a variety of carriers. Over time, your driver profile changes, so it's a good rule of thumb to review quotes every 6 months or so. Luckily, sites like Compare.com let you compare prices from a bunch of companies at once, meaning you can find the most affordable rates (or guarantee you already have the best deal) for free.

Does the color of my GMC Canyon affect my insurance rates?

Have you heard the old adage that red cars cost more to insure than cars of other colors before? Well, that's just a myth. There are a wide array of variables auto insurance carriers think about when they decide how much to charge, but the color of your GMC Canyon is not on that list.

Do I need to have insurance before I buy a GMC Canyon?

You'll need to have valid car insurance for your vehicle before you can legally drive your it off the dealership lot. As part of the buying process, some dealerships might offer you an auto insurance policy, but the best thing to do when buying a an truck is to talk with your insurance carrier ahead of time.

What car insurance discounts can I get for my GMC Canyon?

You will find a ton of discounts out there for auto insurance. Many of them (like "safe driver discounts" and "multi-vehicle discounts") are based less on your Canyon and more on you, but if your Canyon has safety features like anti-lock brakes, anti-theft systems, airbags, and other features, it may be eligible for certain discounts. The only way to find out is to contact your insurance company and ask about their list of discounts.

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