According to our study, the average cost of GMC Canyon insurance is about $128 per month — or $1,536 per year. Your exact cost is determined by your driving history, the number of miles you drive each year, your age and gender, and other considerations.
How to compare insurance for the GMC Canyon
Consider the following variables while looking for the best insurance rates for a GMC Canyon:
- Price. Because the GMC Canyon is a smaller pickup truck, it won’t break the bank. Compare the discounts you may be eligible for with several providers to get the greatest value for your money.
- Deductible. Choosing a greater deductible is an option if you want to get the very lowest insurance price. Just be sure you have enough money set aside in case you need to submit a claim, because you’ll have to pay your deductible before insurance kicks in.
- Coverage. Check to see whether your insurance coverage meets your state’s minimum standards. Depending on your budget and needs, you may wish to purchase additional coverage like collision, comprehensive, and uninsured and underinsured motorist.
- Manufacturer offers. All new GMC vehicles come with a five-year powertrain warranty that includes 24/7 roadside assistance and complimentary transportation if your car requires towing.
What factors affect car insurance for the GMC Canyon?
The GMC Canyon, a midsize truck with a plethora of optional safety measures, should not be overly expensive to insure. It does, however, come in a number of trim packages, which may have a minor impact on your insurance costs.
In general, the more costly your car is to purchase, the more expensive it is to insure. However, certain add-on enhanced safety measures may actually help you save money, even if the model is slightly more expensive.
Erie insurance, for example, charged $115 per month for the GMC Canyon standard package, while it quoted $110 per month for the more costly GMC Canyon Denali.
Driver factors and insurance costs
Aside from the type and model of your vehicle, other factors such as your age, marital status, location, and accident history can all have an impact on your auto insurance premiums.
Most insurance providers also take your gender and credit score into account. Women frequently have lower vehicle insurance premiums than males since studies show that they take fewer risks when driving. In most jurisdictions, those with higher credit scores also have cheaper rates.
Does the GMC Canyon qualify for discounts?
Yes. Aside from getting a new car discount, you might save money on your GMC Canyon’s insurance rate since it has available safety features such as:
- Forward collision alerts
- Lane departure warnings
- A teen driver program, which lets parents set speed and volume limits
- Child seat latch points
- A rearview camera
- An anti theft alarm system
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Reliability and safety ratings for the GMC Canyon
U.S. News classified the GMC Canyon as the third-best compact pickup truck in 2018 based on reliability, safety, and performance ratings. Its dependability rating is three out of five stars on average, but its above-average safety and performance ratings tilted the scales in favor of this reasonable vehicle.
The GMC Canyon receives a four-out-of-five safety rating from the National Highway Traffic Safety Administration (NHTSA), while the Insurance Institute for Highway Safety (IIHS) offers the crew cab Canyon high overall safety ratings. The side impact rating for the extended cab variant was merely satisfactory.
There is one safety recall to be aware of if you own a 2016 GMC Canyon:
- Airbags. The driver’s airbags may improperly inflate, which could increase the risk of injury.
The GMC Canyon series maintenance
The GMC Canyon, as a tiny vehicle, should be quite easy to repair. For normal maintenance and repairs, it should not cost as much as full-size vehicles, but it will most likely cost more than a sedan.
The Canyon’s compact size also provides it an advantage in terms of fuel efficiency, with up to 22 mpg in the city and 30 mpg on the highway.
If you want the benefits of having a pickup truck without the burdensome size and higher insurance costs that come with some of your larger alternatives, the small GMC Canyon might be a good choice. Furthermore, its high safety ratings may qualify you for premium savings while searching for insurance.
Visit our review of Ford Ranger Insurance Cost for another car insurance review.