How Much Does 2017 GMC Canyon Car Insurance Cost?

Trying to find better auto insurance rates for your GMC Canyon? Having to pay for overpriced GMC Canyon insurance can overdraw your savings and force you to prioritize other expenses. Doing a rate comparison can be a smart way to slash your bill and have more diposable income.

Due to the abundance of options, it’s nearly impossible to pick the lowest cost insurer.

It’s smart to get comparison quotes on a regular basis since rates are constantly changing. Just because you found the best premium rates on Canyon coverage a few years ago you can probably find a lower rate today. Forget all the misinformation about auto insurance because we’re going to show you the best methods to properly buy coverages and cut your premium.

Finding the best rates is quite easy. If you currently have car insurance, you stand a good chance to be able to reduce your rates substantially using these techniques. Drivers only need to know how to buy auto insurance online.

Low cost auto insurance quotes

Reducing your 2017 GMC Canyon insurance rates is an easy way to save money. You just have to spend a few minutes comparing rates from different insurance companies. This can easily be done using a couple different methods.

  1. If you don’t have a lot of time, the easiest way to get quotes for comparison is an all-inclusive rate comparison like this one (opens in new window). This method saves time by eliminating separate quote forms for every company. One quote request will get you rate comparisons from all major companies.
  2. A harder way to compare prices requires a trip to each individual company website and repeat the quote process. For examples sake, we’ll assume you need rates from Nationwide, Esurance and Progressive. You would have to spend time on each company’s site to enter the same coverage data repeatedly, which explains why we recommend starting with the first method.

    To view a list of companies in your area, click here.

Which method you use is up to you, but try to keep identical deductibles and coverage limits with each company. If you use different limits and deductibles on each one it will be nearly impossible to determine which company has the best rates.

Lower-cost insurance rates with discounts

The price of auto insurance can be rather high, but you might be missing out on some discounts that you may not even know about. Some discounts will apply when you complete an application, but a few must be inquired about before you will receive the discount. If you’re not getting every credit you deserve, you are just wasting money.

  • Discount for Low Mileage – Low annual miles may allow you to get lower rates due to less chance of an accident.
  • Discount for Life Insurance – Not all insurance companies offer life insurance, but some may give you a break if you buy auto and life insurance together.
  • Professional Organizations – Participating in a qualifying organization may earn a discount on insurance.
  • Government Employees – Having worked for a branch of the government could provide a small rate reduction on Canyon coverage with a few insurance companies.
  • Smart Student Discounts – Getting good grades may save as much as 25% on a insurance quote. Many companies even apply the discount to college students well after school through age 25.
  • Drivers Ed for Students – Require your teen driver to participate in a local driver’s education class as it will make them better drivers and lower rates.

Discounts reduce rates, but you should keep in mind that many deductions do not apply the the whole policy. The majority will only reduce individual premiums such as liability, collision or medical payments. So when it seems like you would end up receiving a 100% discount, company stockholders wouldn’t be very happy.

Large insurance companies and their possible discounts can be found below.

  • Farmers Insurance offers discounts for pay in full, good student, electronic funds transfer, homeowner, and business and professional.
  • Esurance has savings for homeowner, paid-in-full, renters, good student, and claim free.
  • State Farm offers premium reductions for passive restraint, anti-theft, student away at school, Drive Safe & Save, safe vehicle, and defensive driving training.
  • Geico has discounts for military active duty, anti-lock brakes, daytime running lights, federal employee, multi-policy, and defensive driver.
  • Allstate includes discounts for multi-policy, anti-theft, defensive driver, utility vehicle, premier discount, and EZ pay plan discount.

When getting a coverage quote, ask each company which discounts they offer. Some discounts listed above may not be available in every state. If you would like to view providers with significant discounts, click this link.

How your Canyon insurance premiums are determined

A large part of saving on car insurance is knowing the rating factors that are used to determine the level of your policy premiums. If you have a feel for what positively or negatively impacts your premiums, this helps enable you to make changes that may reward you with lower car insurance prices.

The itemized list below are some of the items companies use to determine your rates.

  • Higher car insurance rates for stressful employers – Do you work in a high-stress field? Careers such as judges, executives and dentists tend to have higher premium rates due to high stress levels and extremely grueling work hours. On the other hand, professions such as farmers, athletes and retirees generally pay rates lower than average on Canyon coverage.
  • Raise coverage deductibles and save – Deductibles for physical damage are the amount of money you are required to spend before a claim is paid by your company. Insurance for physical damage, aka comp and collision, insures against damage to your car. Examples of covered claims could be collision with another vehicle, hail damage, and damage caused by road hazards. The more money you pay before a claim is paid (deductible), the lower your rates will be on Canyon coverage.
  • Discounts for married couples – Getting married helps lower the price on your policy. It means you’re more mature than a single person and it’s proven that married drivers tend to have fewer serious accidents.
  • Your address can push rates up or down – Residing in smaller towns and rural areas of the country is a good thing if you are looking for the lowest rates. Fewer people means less chance of accidents in addition to lower liability claims People in densly populated areas have to deal with more road rage incidents and much longer commute distances. Longer commute distances statistically corresponds to a higher accident and claim rate.

Tailor your insurance coverage coverage to you

When choosing the best insurance coverage coverage, there is no “perfect” insurance plan. Everyone’s situation is a little different so your insurance should reflect that Here are some questions about coverages that may help highlight if you would benefit from professional advice.

  • What is no-fault insurance?
  • Am I covered if I break a side mirror?
  • Is my vehicle covered by my employer’s policy when using it for work?
  • Does coverage extend to a rental car in a foreign country?
  • Where can I get insurance after a DUI in my state?
  • Will I be non-renewed for getting a DUI or other conviction?
  • Do I need replacement cost coverage?

If you can’t answer these questions but one or more may apply to you, you may need to chat with a licensed insurance agent. If you don’t have a local agent, fill out this quick form or you can go here for a list of companies in your area. It is quick, free and can help protect your family.

Car insurance coverages explained

Having a good grasp of a car insurance policy helps when choosing appropriate coverage at the best deductibles and correct limits. Policy terminology can be difficult to understand and reading a policy is terribly boring. Shown next are the usual coverages offered by car insurance companies.

Comprehensive protection

This pays to fix your vehicle from damage that is not covered by collision coverage. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against claims like damage from getting keyed, vandalism and hail damage. The highest amount you can receive from a comprehensive claim is the ACV or actual cash value, so if the vehicle’s value is low consider dropping full coverage.

Uninsured or underinsured coverage

Your UM/UIM coverage protects you and your vehicle when the “other guys” either are underinsured or have no liability coverage at all. Covered losses include hospital bills for your injuries as well as your vehicle’s damage.

Since many drivers only purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. So UM/UIM coverage is very important.

Medical expense coverage

Coverage for medical payments and/or PIP kick in for short-term medical expenses like X-ray expenses, pain medications and rehabilitation expenses. They are often used to cover expenses not covered by your health insurance program or if you do not have health coverage. It covers you and your occupants and also covers being hit by a car walking across the street. Personal injury protection coverage is not an option in every state but can be used in place of medical payments coverage

Liability coverages

This protects you from damages or injuries you inflict on other’s property or people. It protects YOU from claims by other people, and doesn’t cover your injuries or vehicle damage.

Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see liability limits of 100/300/100 that means you have a limit of $100,000 per injured person, a total of $300,000 of bodily injury coverage per accident, and $100,000 of coverage for damaged propery.

Liability insurance covers things like emergency aid, court costs and pain and suffering. How much coverage you buy is a personal decision, but it’s cheap coverage so purchase as high a limit as you can afford.

Collision coverage

Collision coverage pays for damage to your Canyon from colliding with a stationary object or other vehicle. You first must pay a deductible and then insurance will cover the remainder.

Collision coverage protects against things such as hitting a parking meter, colliding with another moving vehicle, rolling your car, colliding with a tree and scraping a guard rail. Collision coverage makes up a good portion of your premium, so you might think about dropping it from vehicles that are older. You can also choose a higher deductible to bring the cost down.

Shop smart and save

Throughout this article, we presented a lot of ways to lower your 2017 GMC Canyon insurance rates. It’s most important to understand that the more companies you get car insurance rates for, the better likelihood of getting cheap insurance. Drivers may discover the biggest savings come from a smaller regional carrier. They can often insure niche markets at a lower cost compared to the large companies like Allstate, Geico and Progressive.

When buying insurance coverage, it’s very important that you do not buy lower coverage limits just to save a few bucks. There have been many situations where drivers have reduced uninsured motorist or liability limits and learned later that the savings was not a smart move. Your strategy should be to buy enough coverage at the lowest possible cost and still be able to protect your assets.

Cheaper 2017 GMC Canyon insurance can be sourced both online in addition to many insurance agents, so you should be comparing quotes from both in order to have the best price selection to choose from. Some companies don’t offer the ability to get quotes online and these regional insurance providers provide coverage only through independent insurance agencies.

More detailed insurance information can be found by following these links: