Toyota Tacoma vs. GMC Canyon Insurance Cost Comparison for 2022

• The Toyota Tacoma ranks seventh and the GMC Canyon ranks eighth for overall insurance affordability out of 10 models in the 2024 midsize truck segment.
• When compared to the average U.S. car insurance rate of $1,883 per year, the Toyota Tacoma costs an average of $37 more per year, while the GMC Canyon costs $69 more per year.
• For a 2024 Toyota Tacoma, car insurance rates range from $1,742 to $2,112 per year, while car insurance for a 2024 GMC Canyon ranges from $1,790 to $2,100, depending on trim level and options.

Is a Toyota Tacoma or GMC Canyon cheaper to insure?

For 2024 models, the model having cheaper average car insurance is the Toyota Tacoma. Insurance on a Toyota Tacoma costs an average of $1,920 per year, whereas the GMC Canyon averages $1,952 per year.

Out of 19 Toyota Tacoma trim levels, the cheapest 2024 trim to insure is the SR XtraCab 2WD model at an average cost of $1,742 per year. The 2024 GMC Canyon has six trims available, with the cheapest trim to insure being the Elevation 2WD model at an average cost of $1,790 per year, or around $149 per month.

When rates for all 25 trim levels for both vehicles are compared, the lowest-cost model and trim is the Toyota Tacoma SR XtraCab 2WD at an average rate of $1,742 per year. The most expensive model and trim level is the Toyota Tacoma Trailhunter at a cost of $2,112 per year.

The table below compares the yearly and monthly cost of car insurance for 2024 Toyota Tacoma and GMC Canyon models, broken down by trim level.

The next chart visualizes the average cost to insure the two models rated for drivers aged 20 to 50. For a 2024 Toyota Tacoma, average insurance cost ranges from $1,710 to $3,888 per year for the illustrated age groups. A 2024 GMC Canyon costs from $1,730 to $3,946 to insure per year.

The tables below show average car insurance cost by trim level for each 2024 model, along with an average cost for each model.

2023 Toyota Tacoma vs. GMC Canyon

Insurance rates for a 2023 Toyota Tacoma average $1,684 per year, while insurance for a GMC Canyon averages $1,674 per year, making the GMC Canyon the cheaper of the two to insure.

For the 24 trim levels available for the 2023 Toyota Tacoma, the cheapest trim to insure is the SR Access Cab 4WD model at an average cost of $1,564 per year.

For the eight trims available for the GMC Canyon, the cheapest 2023 trim level to insure is the Elevation Extended Cab model at a cost of $1,440.

When comparing both models at a trim-level basis, the cheapest model and trim level to insure is the GMC Canyon Elevation Extended Cab at a cost of $1,440 per year, and the most expensive vehicle to insure is the Toyota Tacoma Limited 2WD at a cost of $1,820 per year.

For model years prior to 2023, U.S. national average auto insurance prices for a Tacoma and a Canyon compare as follows. Click on any linked model year to view the full rate comparisons.

• 2022 Model Year Comparison – The Tacoma costs $1,610 per year to insure and the Canyon costs an average of $1,660. The Toyota Tacoma is cheaper by $50 per year.
• 2021 Model Year Comparison – At $114 less per year, the Toyota Tacoma has lower insurance rates between the 2021 Tacoma and Canyon models.
• 2020 Model Year Comparison – With potential savings of $114 per year, the Toyota Tacoma costs less to insure than the GMC Canyon.
• 2019 Model Year Comparison – With the Tacoma averaging $1,410 per year for full-coverage insurance and the Canyon costing an average of $1,430, the Toyota Tacoma is cheaper by $20 per year for this model year.
• 2018 Model Year Comparison – At $208 less per year, the GMC Canyon has cheaper rates between the 2018 Tacoma and Canyon models.
• 2017 Model Year Comparison – Costing an average of $156 less per year, the GMC Canyon has cheaper rates than the Toyota Tacoma.
• 2016 Model Year Comparison – For this model year, the Tacoma costs an average of $1,400 per year for full-coverage insurance and the Canyon averages $1,214 annually, therefore the GMC Canyon is the model having cheaper insurance rates by $186 per year.
• 2015 Model Year Comparison – The Tacoma costs $1,242 per year to insure and the Canyon costs an average of $1,228. The model with lower insurance rates is the GMC Canyon by $14 per year.

The table below ranks the annual and monthly car insurance cost for 2023 Toyota Tacoma and GMC Canyon models, showing average cost by trim level for each model.

The rate chart below visualizes the average cost to insure both models for a range of driver ages. For a 2023 Toyota Tacoma, average insurance cost ranges from $1,498 to $3,390 per year for the included age groups. A 2023 GMC Canyon costs from $1,490 to $3,338 to insure per year.

The next tables show the average insurance cost by trim level for both 2023 models, as well as an average rate for each model. The model with the cheapest overall car insurance rates for 2023 is the GMC Canyon.

2022 Toyota Tacoma vs. GMC Canyon

Average car insurance rates for a 2022 Toyota Tacoma are $1,610 per year, and insurance for a 2022 GMC Canyon averages $1,660 per year, making the Toyota Tacoma the model with lower average insurance cost.

On a 2022 Toyota Tacoma, car insurance rates range from $1,468 per year for the SR Access Cab 4WD model up to the most expensive rate of $1,820 for the TRD Pro AWD Automatic model.

For the 2022 GMC Canyon, rates can range from $1,502 per year on the Elevation Standard Extended Cab model up to $1,802 for the Denali Crew Cab 4WD model.

For a 2022 Toyota Tacoma, the cheapest models to insure are the SR Access Cab 4WD, SR Access Cab 2WD, and SR Double Cab 2WD, while the cheapest GMC Canyon models to insure are the Elevation Standard Extended Cab, Elevation Standard Crew Cab, and Elevation Extended Cab.

The table below compares the annual and monthly car insurance cost for 2022 Toyota Tacoma and GMC Canyon models, with average rates for each trim level.

The following chart demonstrates the average insurance cost for both models rated for drivers age 20 to 50. Average car insurance cost ranges from $1,424 to $3,252 per year for a 2022 Toyota Tacoma, and $1,480 to $3,308 on a 2022 GMC Canyon for the driver ages used.

Out of 19 Toyota Tacoma trim levels, the cheapest 2022 trim to insure is the SR Access Cab 4WD model at an average cost of $1,468 per year.

For the 13 trim levels available for the GMC Canyon, the cheapest 2022 model to insure is the Elevation Standard Extended Cab model at a cost of $1,502.

When comparing car insurance rates for both models by trim level, the lowest-cost model and trim to buy insurance for is the Toyota Tacoma SR Access Cab 4WD at an average rate of $1,468 per year. The highest-cost model and trim is the Toyota Tacoma TRD Pro AWD Automatic at a cost of $1,820 per year.

The next two tables illustrate average car insurance rates for every trim level for both 2022 models, along with an average cost for each model. The winner for the 2022 car insurance cost comparison is the Toyota Tacoma.

2021 Toyota Tacoma vs. GMC Canyon

When comparing car insurance rates for 2021 models, a Toyota Tacoma costs an average of $1,504 per year to insure while a GMC Canyon costs $1,618, making the Toyota Tacoma more affordable to insure by $114 per year.

The chart below shows the average insurance cost for both 2021 models with different drivers at the wheel. For a 2021 Toyota Tacoma, the average cost of car insurance ranges from $1,334 to $3,032 per year for the five different driver ages shown in the chart. Full-coverage car insurance for a 2021 GMC Canyon ranges from $1,444 to $3,244 on average per year.

Out of 14 Toyota Tacoma trim levels, the cheapest 2021 model to insure is the Access Cab SR5 2WD model at an average cost of $1,370 per year.

For 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 $1,410 per year, or $118 per month.

When looking at the aggregated rates by trim level for both models, the lowest-cost model and trim level to buy insurance for is the Toyota Tacoma Access Cab SR5 2WD at an average rate of $1,370 per year. The highest-cost model and trim level is the GMC Canyon Denali Crew Cab 2WD Turbo Diesel costing an average of $1,820 per year.

The next tables show average car insurance rates for each trim level, including an overall average cost for each model. The cheapest model to insure for the 2021 model year is the Toyota Tacoma.

2020 Toyota Tacoma vs. GMC Canyon

A 2020 Toyota Tacoma costs $114 less per year to insure per year on average than a 2020 GMC Canyon, a difference of 7.5%.

The rate chart below shows the average car insurance cost for both models for four different driver age groups. The average cost of car insurance ranges from $1,292 to $2,938 per year on a 2020 Toyota Tacoma, and $1,406 to $3,154 on a 2020 GMC Canyon for the age groups in the chart.

Out of 14 trims for the 2020 Toyota Tacoma, the cheapest average car insurance prices are on the Access Cab SR5 2WD trim at a cost of $1,332 per year.

Out of the 16 trim and option levels available for the GMC Canyon, the cheapest 2020 trim to insure is the Extended Cab 2WD trim at a cost of $1,376 per year, or around $115 per month.

When comparing rates by trim level for both models, the cheapest vehicle to put coverage on is the Toyota Tacoma Access Cab SR5 2WD at an average rate of $1,332 per year. The most expensive trim is the GMC Canyon Denali Crew Cab 2WD Turbo Diesel costing an average of $1,770 per year.

The two tables below illustrate the average cost to insure all 2020 trim levels, plus an average rate for each model.

2019 Toyota Tacoma vs. GMC Canyon

For 2019 Toyota Tacoma and GMC Canyon models, the Toyota Tacoma has cheaper car insurance rates by an average of $20 per year.

The rate chart below visualizes the average cost to insure the two models for a range of driver ages. A full-coverage car insurance policy ranges from $1,250 to $2,850 per year on a 2019 Toyota Tacoma, and $1,276 to $2,880 on a 2019 GMC Canyon for the five different driver ages shown in the chart.

Out of 14 trims for the 2019 Toyota Tacoma, the cheapest average car insurance prices are on the Access Cab SR5 2WD trim at a cost of $1,292 per year. For the 19 different trims available for the GMC Canyon, the cheapest 2019 trim level to insure is the Extended Cab 2WD trim at a cost of $1,282.

When comparing combined rates for both models from a trim-level perspective, the cheapest vehicle to buy insurance for is the GMC Canyon Extended Cab 2WD at a cost of $1,282 per year. The highest-cost model and trim level is the GMC Canyon Denali Crew Cab 2WD Turbo Diesel at a cost of $1,604 per year.

The rate tables below display the average cost to insure each trim level for a 2019 Toyota Tacoma and GMC Canyon, including the average rate for each model. The winner for the 2019 car insurance battle is the Toyota Tacoma.

2018 Toyota Tacoma vs. GMC Canyon

When comparing insurance cost for 2018 models, a Toyota Tacoma costs an average of $1,558 per year to insure and a GMC Canyon costs $1,350, making the GMC Canyon cheaper to insure by $208 per year.

The chart below displays the average cost to insure the two models for different driver ages. A full-coverage car insurance policy ranges from $1,386 to $3,154 per year for a 2018 Toyota Tacoma, and $1,206 to $2,720 on a 2018 GMC Canyon for the driver examples in the chart.

The 2018 Toyota Tacoma has 18 trim levels available, with the cheapest trim to insure being the Access Cab SR 2WD model at an average cost of $1,388 per year.

The 2018 GMC Canyon has 14 different option levels available, with the cheapest model to insure being the Extended Cab 2WD trim at an average cost of $1,234 per year.

When trim-level rates for both models are compared, the lowest-cost model and trim to insure is the GMC Canyon Extended Cab 2WD at an average of $1,234 per year. The highest-cost model and trim is the Toyota Tacoma Double Cab TRD Pro 4WD costing $1,692 per year.

The next two tables detail trim level insurance cost averages for both 2018 models, as well as an average rate for each model. The 2018 GMC Canyon can declare victory over the 2018 Toyota Tacoma for cheapest auto insurance rates.

2017 Toyota Tacoma vs. GMC Canyon

A 2017 GMC Canyon costs $156 less per year to insure per year on average than a 2017 Toyota Tacoma, a difference of 11.2%.

The following chart visualizes the average insurance cost for both 2017 models for a range of driver ages. For a 2017 Toyota Tacoma, average car insurance cost ranges from $1,316 to $2,986 per year. Auto insurance on a 2017 GMC Canyon costs from $1,178 to $2,644 on average per year.

The 2017 Toyota Tacoma has 18 trims available, with the cheapest trim level to insure being the Access Cab SR 2WD model at an average cost of $1,340 per year. For the 20 trim and option levels available for the GMC Canyon, the cheapest 2017 trim level to insure is the SL Extended Cab 2WD trim at a cost of $1,110.

When rates for all 38 trims of both models are combined and sorted by cost, the most affordable model and trim level to insure is the GMC Canyon SL Extended Cab 2WD at an average cost of $1,110 per year. The most expensive trim is the Toyota Tacoma Double Cab TRD Pro 4WD at an average of $1,626 per year.

The two tables below display average car insurance cost by trim level for each 2017 model, as well as an average rate for each model.

2016 Toyota Tacoma vs. GMC Canyon

A 2016 GMC Canyon is $186 cheaper to insure per year on average than a 2016 Toyota Tacoma, a difference of 14.2%.

The next chart visualizes the average cost to insure the two models for the 20 to 50-year-old driver age groups. The average full-coverage insurance policy ranges from $1,250 to $2,832 per year for a 2016 Toyota Tacoma, and $1,090 to $2,444 on a 2016 GMC Canyon for the age groups used in this illustration.

For the 17 trims available for the 2016 Toyota Tacoma, the cheapest trim level to insure is the Access Cab SR 2WD trim at an average cost of $1,260 per year. For the 17 trim options available for the GMC Canyon, the cheapest 2016 model to insure is the SL Extended Cab 2WD trim at a cost of $998 per year, or $83 per month.

When comparing rates by trim level for both models, the cheapest model and trim level to buy insurance for is the GMC Canyon SL Extended Cab 2WD at an average cost of $998 per year, and the most expensive model and trim level is the Toyota Tacoma Double Cab Limited 4WD costing an average of $1,522 per year.

The two tables below break down trim level insurance cost averages for both 2016 models, as well as the overall average rate for each model. The model with the cheapest average car insurance rates for 2016 is the GMC Canyon.

2015 Toyota Tacoma vs. GMC Canyon

For the 2015 Toyota Tacoma and GMC Canyon models, the GMC Canyon has cheaper car insurance cost by an average of $14 per year.

The rate chart below shows the average car insurance cost for the two models for a range of driver ages. For a 2015 Toyota Tacoma, average insurance cost ranges from $1,114 to $2,506 per year for the age groups used in the chart. Full-coverage car insurance on a 2015 GMC Canyon costs from $1,102 to $2,468 on average per year.

For the 13 trims available for the 2015 Toyota Tacoma, the cheapest model to insure is the Access Cab 2WD model at an average cost of $1,092 per year, or about $91 per month. Out of the 12 different trims available for the GMC Canyon, the cheapest 2015 trim to insure is the SL Extended Cab 2WD trim at a cost of $1,080 per year, or $90 per month.

When comparing combined rates for both models from a trim-level perspective, the cheapest trim to buy insurance for is the GMC Canyon SL Extended Cab 2WD at an average of $1,080 per year, and the overall most expensive vehicle to insure is the Toyota Tacoma Double Cab TRD Pro 4WD costing an average of $1,374 per year.

The next two rate tables illustrate trim level insurance cost averages for both 2015 models, including the average rate for each model.

Additional Toyota Tacoma and GMC Canyon Resources

• Toyota Tacoma Insurance Cost
• GMC Canyon Insurance Cost
• Midsize Truck Insurance Cost Comparisons