Chevy Colorado vs. GMC Canyon Insurance Cost

• When insurance rates for 2024 models are compared, a Chevrolet Colorado is cheaper to insure than a GMC Canyon by an average of $354 per year.
• For a 2024 Chevrolet Colorado, average insurance rates range from $1,992 to $2,340 per year, while car insurance cost for a 2024 GMC Canyon ranges from $2,266 to $2,654.
• Average car insurance cost per month for the GMC Canyon is 15.7% more expensive than the Chevrolet Colorado, at $176 versus $206, a difference of $30.
• Out of 10 models in the 2024 midsize truck segment, the Chevrolet Colorado ranks first and the GMC Canyon ranks eighth for overall car insurance affordability.

Is insurance cheaper for a Chevy Colorado or GMC Canyon?

Insurance on a 2024 Chevrolet Colorado averages $2,114 per year, whereas insurance for a GMC Canyon averages $2,468 per year, making the Chevrolet Colorado the model with more affordable average car insurance rates.

For the eight trims available for the 2024 Chevrolet Colorado, the cheapest model to insure is the WT 4WD model at an average cost of $1,992 per year, or $166 per month.

The 2024 GMC Canyon has six trims available, with the cheapest trim level to insure being the Elevation 2WD model at an average cost of $2,266 per year.

When comparing aggregated rates for both models from a trim-level perspective, the lowest-cost model and trim level is the Chevrolet Colorado WT 4WD at an average of $1,992 per year, and the most expensive vehicle to insure is the GMC Canyon AT4X AEV costing $2,654 per year.

The rate table below ranks the cost of car insurance for 2024 Chevrolet Colorado and GMC Canyon models, showing average premium cost for each trim level.

The next chart demonstrates the average cost to insure both 2024 models with different drivers at the wheel. Average insurance cost ranges from $1,878 to $4,162 per year for a 2024 Chevrolet Colorado, and $2,186 to $4,986 for a 2024 GMC Canyon for the driver ages used.

The next two tables display the average cost to insure all 2024 trim levels, including an overall average rate. The 2024 Chevrolet Colorado has lower-cost car average car insurance rates than the 2024 GMC Canyon.

2023 Chevrolet Colorado vs. GMC Canyon

Insurance rates on a 2023 Chevrolet Colorado cost an average of $1,940 per year, and insurance for a GMC Canyon costs an average of $2,116 per year, making the Chevrolet Colorado the winner with the cheapest average insurance rates.

Out of 14 Chevrolet Colorado trims, the cheapest 2023 model to insure is the WT Extended Cab 2WD model at an average cost of $1,812 per year.

For the eight trim levels available for the GMC Canyon, the cheapest 2023 trim level to insure is the Elevation Extended Cab trim at a cost of $1,822.

When comparing aggregated rates for both models from a trim-level perspective, the overall cheapest vehicle to insure is the Chevrolet Colorado WT Extended Cab 2WD at an average cost of $1,812 per year. The most expensive model and trim level is the GMC Canyon Denali Crew Cab 4WD at a cost of $2,266 per year.

The next table compares and ranks the 12-month and monthly car insurance cost for 2023 Chevrolet Colorado and GMC Canyon models, showing average cost for every trim level.

The chart shown below displays the average cost to insure both models rated for drivers aged 20 to 50. The average cost of car insurance ranges from $1,732 to $3,832 per year for a 2023 Chevrolet Colorado, and $1,882 to $4,218 for a 2023 GMC Canyon for the included age groups.

The next two tables illustrate average cost to insure each trim level for a 2023 Chevrolet Colorado and GMC Canyon, including the average rate for each model. The cheapest model to insure for the 2023 model year is the Chevrolet Colorado.

2022 Chevrolet Colorado vs. GMC Canyon

For 2022, the model having the cheapest car insurance rates is the Chevrolet Colorado. Insurance on a Chevrolet Colorado costs an average of $1,800 per year, while the GMC Canyon costs an average of $2,098 per year.

Insurance cost varies significantly depending on the vehicle trim level, however. For a 2022 Chevrolet Colorado, rates range from $1,656 per year for the WT Extended Cab 4WD model up to the highest rate of $1,962 for the Z71 Crew Cab 2WD model. For a 2022 GMC Canyon, rates range from $1,898 per year for the Elevation Standard Extended Cab model up to $2,278 for the most expensive Denali Crew Cab 4WD model.

When trim-level rates for both models are compared, the most affordable model and trim level is the Chevrolet Colorado WT Extended Cab 4WD at a cost of $1,656 per year. The most expensive trim is the GMC Canyon Denali Crew Cab 4WD at an average cost of $2,278 per year.

For a 2022 Chevrolet Colorado, the cheapest models are the WT Extended Cab 4WD, WT Crew Cab 4WD, and LT Extended Cab 4WD. The cheapest GMC Canyon models include the Elevation Standard Extended Cab, Elevation Standard Crew Cab, and Elevation Extended Cab.

From a cost-per-month basis, car insurance rates for all 2022 Chevrolet Colorado and GMC Canyon trim levels range from $138 to $190 per month.

The next table compares the annual and monthly car insurance cost for 2022 Chevrolet Colorado and GMC Canyon models, with average rates for every trim level for each model.

The bar chart below compares average Chevy Colorado insurance cost to average GMC Canyon insurance cost for the 2022 model year to see which has cheaper insurance rates.

The tables below detail insurance rates for all trim levels of 2022 Colorado and Canyon models. The 2022 Chevrolet Colorado has an average insurance cost of $1,800 and the 2022 GMC Canyon is $2,098, making the Chevrolet Colorado cheaper by $298 per year.

2021 Chevrolet Colorado vs. GMC Canyon

When comparing car insurance rates for 2021 models, a Chevrolet Colorado costs an average of $1,776 per year to insure and a GMC Canyon costs $2,046, making the Chevrolet Colorado cheaper to insure by $270 per year for this comparison year.

The rate chart below visualizes the average cost to insure the two models with different ages of drivers. The average cost of car insurance ranges from $1,582 to $3,554 per year for a 2021 Chevrolet Colorado, and $1,826 to $4,102 for a 2021 GMC Canyon for the driver ages used.

The 2021 Chevrolet Colorado has 15 trims available, with the cheapest trim to insure being the LT Extended Cab 4WD model at an average cost of $1,530 per year. Out of the 16 trim levels available for the GMC Canyon, the cheapest 2021 trim to insure is the Extended Cab 2WD model at a cost of $1,784 per year, or about $149 per month.

When comparing car insurance rates for both models by trim level, the cheapest trim to insure is the Chevrolet Colorado LT Extended Cab 4WD at an average rate of $1,530 per year, and the most expensive model and trim level is the GMC Canyon Denali Crew Cab 2WD Turbo Diesel at an average cost of $2,304 per year.

The two tables below show average car insurance cost by trim level for a 2021 Chevrolet Colorado and GMC Canyon, along with the average rate for each model.

2020 Chevy Colorado vs. GMC Canyon

For 2020 Chevrolet Colorado and GMC Canyon models, the Chevrolet Colorado has cheaper car insurance rates by an average of $260 per year for this comparison year.

The chart shown below illustrates the average cost to insure both 2020 models using a range of rated driver ages. Average car insurance cost ranges from $1,538 to $3,454 per year for a 2020 Chevrolet Colorado, and $1,776 to $3,988 for a 2020 GMC Canyon for the illustrated age groups.

The 2020 Chevrolet Colorado has 15 trim levels available, with the cheapest trim to insure being the LT Extended Cab 4WD model at an average cost of $1,486 per year, or around $124 per month.

For the 16 trim levels available for the GMC Canyon, the cheapest 2020 model to insure is the Extended Cab 2WD model at a cost of $1,740.

When comparing rates by trim level for both models, the lowest-cost model and trim level to insure is the Chevrolet Colorado LT Extended Cab 4WD at an average of $1,486 per year. The highest-cost model and trim is the GMC Canyon Denali Crew Cab 2WD Turbo Diesel costing an average of $2,238 per year.

The rate tables below show the average cost to insure all 2020 trim levels, including the average rate for each model.

2019 Chevy Colorado vs. GMC Canyon

When comparing insurance cost for the 2019 Chevrolet Colorado and GMC Canyon models, the GMC Canyon is cheaper by an average of $38 per year.

The chart shown below illustrates the average cost to insure the two models with different ages of drivers. The average car insurance cost ranges from $1,650 to $3,734 per year for a 2019 Chevrolet Colorado, and $1,612 to $3,644 for a 2019 GMC Canyon for the age groups used in the chart.

For the 19 trims available for the 2019 Chevrolet Colorado, the cheapest trim level to insure is the Extended Cab 2WD model at an average cost of $1,668 per year, or around $139 per month. For the 19 trims available for the GMC Canyon, the cheapest 2019 model to insure is the Extended Cab 2WD trim at a cost of $1,620 per year, or $135 per month.

When comparing aggregated rates for both models from a trim-level perspective, the overall cheapest vehicle to insure is the GMC Canyon Extended Cab 2WD at an average rate of $1,620 per year. The most expensive trim is the Chevrolet Colorado ZR2 Crew Cab 4WD at an average cost of $2,116 per year.

The next two tables illustrate all the available trims for both 2019 models, as well as the overall average rate for each model. The winner for the 2019 car insurance cost comparison is the GMC Canyon.

2018 Chevy Colorado vs. GMC Canyon

For 2018 Chevrolet Colorado and GMC Canyon models, the GMC Canyon has lower-cost car insurance by an average of $204 per year for this model year.

The rate chart below visualizes the average cost to insure the two models rated for multiple driver ages. For a 2018 Chevrolet Colorado, the average car insurance cost ranges from $1,708 to $3,862 per year for the illustrated age groups. A 2018 GMC Canyon costs from $1,526 to $3,434 to insure per year.

The 2018 Chevrolet Colorado has 24 trim levels available, with the cheapest model to insure being the Extended Cab 2WD model at an average cost of $1,612 per year.

The 2018 GMC Canyon has 14 trims available, with the cheapest model to insure being the Extended Cab 2WD model at an average cost of $1,562 per year, or about $130 per month.

When rates are compared for the 38 trim levels of both 2018 models, the most affordable model and trim level to insure is the GMC Canyon Extended Cab 2WD at a cost of $1,562 per year. The most expensive vehicle to insure is the Chevrolet Colorado ZR2 Crew Cab 4WD Turbo Diesel costing $2,082 per year.

The next tables display trim level insurance cost averages for both 2018 models, along with the average rate for each model.

2017 Chevy Colorado vs. GMC Canyon

When comparing insurance rates for 2017 models, a Chevrolet Colorado costs an average of $1,820 per year to insure and a GMC Canyon costs $1,670, making the GMC Canyon cheaper to insure by $150 per year.

The next chart illustrates the average cost to insure the two models for a range of driver ages. The average cost of car insurance ranges from $1,632 to $3,676 per year for a 2017 Chevrolet Colorado, and $1,494 to $3,360 for a 2017 GMC Canyon for the illustrated age groups.

For the 30 trim levels available for the 2017 Chevrolet Colorado, the cheapest model to insure is the Extended Cab 2WD model at an average cost of $1,618 per year. For the 20 trims available for the GMC Canyon, the cheapest 2017 trim to insure is the SL Extended Cab 2WD model at a cost of $1,410.

When average insurance prices for all 50 trims of both models are combined and sorted by cost, the overall cheapest vehicle to insure is the GMC Canyon SL Extended Cab 2WD at an average cost of $1,410 per year, and the most expensive model and trim level is the Chevrolet Colorado ZR2 Crew Cab 4WD Turbo Diesel at an average of $2,000 per year.

The next two tables show all the available trims for both 2017 models, along with the average rate for each model. The 2017 GMC Canyon has lower-cost car average car insurance rates than the 2017 Chevrolet Colorado.

2016 Chevy Colorado vs. GMC Canyon

When comparing insurance rates for 2016 models, the Chevrolet Colorado costs an average of $1,674 per year to insure and the GMC Canyon costs $1,534, making the GMC Canyon the winner by $140.

The next chart demonstrates the average cost to insure both 2016 models for the 20, 30, 40, and 50-year-old driver age groups. For a 2016 Chevrolet Colorado, the average cost of car insurance ranges from $1,498 to $3,370 per year for the age groups used in this illustration. A 2016 GMC Canyon costs from $1,376 to $3,090 to insure per year.

For the 26 trim levels available for the 2016 Chevrolet Colorado, the cheapest model to insure is the WT Extended Cab 4WD trim at an average cost of $1,526 per year, or $127 per month. The 2016 GMC Canyon has 17 trims available, with the cheapest trim level to insure being the SL Extended Cab 2WD trim at an average cost of $1,260 per year.

When trim-level rates for both models are compared, the lowest-cost model and trim level to insure is the GMC Canyon SL Extended Cab 2WD at an average rate of $1,260 per year. The most expensive vehicle to insure is the Chevrolet Colorado Z71 Crew Cab 2WD Turbo Diesel at an average of $1,844 per year.

The tables shown below illustrate trim level insurance rates for each 2016 model, as well as an average rate for each model. The winner for the 2016 car insurance cost comparison is the GMC Canyon.

2015 Chevy Colorado vs. GMC Canyon

When comparing insurance rates for 2015 models, a Chevrolet Colorado costs an average of $1,652 per year to insure and a GMC Canyon costs $1,552, making the GMC Canyon cheaper to insure by $100 per year for this model year.

The chart below visualizes the average cost to insure the two models rated for a variety of different driver ages. For a 2015 Chevrolet Colorado, insurance cost ranges from $1,488 to $3,336 per year for the example age groups. A 2015 GMC Canyon costs from $1,392 to $3,122 to insure per year.

Out of 13 trims for the 2015 Chevrolet Colorado, the cheapest auto insurance rates are on the WT Extended Cab 4WD model at a cost of $1,550 per year. For the 12 trim levels available for the GMC Canyon, the cheapest 2015 model to insure is the SL Extended Cab 2WD model at a cost of $1,366.

When comparing both models at a trim-level basis, the lowest-cost model and trim to insure is the GMC Canyon SL Extended Cab 2WD at an average of $1,366 per year. The highest-cost model and trim level is the Chevrolet Colorado Z71 Crew Cab 2WD costing $1,774 per year.

The rate tables below display the average cost to insure each trim level for a 2015 Chevrolet Colorado and GMC Canyon, plus the average rate for each model.

Additional Chevrolet Colorado and GMC Canyon Resources

• Chevrolet Colorado Insurance Rates
• GMC Canyon Insurance Rates
• Midsize Truck Insurance Rate Comparisons