Exploring GMC Canyon Car Insurance Costs: Ultimate Rate Breakdown

• GMC Canyon insurance costs an average of $2,468 per year or around $206 per month, depending on the trim level.
• The cheapest GMC Canyon insurance is on the Canyon Elevation 2WD trim level at an estimated $2,266 per year.
• The Canyon AT4X AEV is the most expensive to insure at $2,654 per year.
• The GMC Canyon ranks eighth out of 10 vehicles in the midsize truck class for insurance affordability.

How much does GMC Canyon car insurance cost?

Insurance for a GMC Canyon costs an average of $2,468 per year for a policy with full coverage. Monthly insurance cost for the Canyon ranges from $189 to $221, depending on the trim level.

With the average midsize truck costing $2,422 a year to insure, drivers can expect to pay around $46 more per year to insure a GMC Canyon when compared to the segment average.

The following chart details how average GMC Canyon car insurance cost changes based on driver age and a range of policy deductibles. The rates shown are per year and range from $1,730 per year for a driver age 60 with $1,000 deductibles to $5,796 per year for a driver age 20 with low policy deductibles.

Expect to pay much higher rates for teen drivers on a GMC Canyon. For example, a 16-year-old male driver with a clean driving record would pay around $8,836 while a 16-year-old female would pay about $8,256. By age 18, rates drop to around $7,669 for males and $7,077 for female drivers.

What is the cheapest GMC Canyon insurance?

The cheapest trim level of GMC Canyon to insure is the Elevation 2WD at around $2,266 per year. The next cheapest model is the Elevation 4WD at $2,344 per year, and the third cheapest trim level to insure is the AT4 at $2,420 per year.

The most expensive models of Canyon to insure are the AT4X AEV at $2,654 and the AT4X at $2,592 per year. Those trim levels will cost an extra $388 and $326 per year, respectively, over the cheapest Elevation 2WD model.

The rate table below displays average GMC Canyon car insurance rates for both annual and 6-month policy terms, in addition to a monthly budget estimate.

Is GMC Canyon insurance cheap?

When compared to the rest of the 2024 mid-size pickup truck class, the GMC Canyon ranks eighth out of 10 total vehicles. The Canyon costs an estimated $2,468 per year to insure for full coverage, while the class average rate is $2,422 per year, a difference of $46 per year.

When compared to all vehicles (not just midsize pickups), the Canyon fares better. The national average all-vehicle rate is $2,276, so insurance on a GMC Canyon is actually $192 cheaper per year on average.

When rates are compared directly to other similar midsize pickups, insurance for a GMC Canyon costs $40 more per year than the Toyota Tacoma, $354 more than the Chevrolet Colorado, $176 more than the Ford Ranger, and $198 more than the Nissan Frontier.

The table below shows how well Canyon insurance rates compare to the entire midsize pickup truck segment. It also shows how much less the other models cost when compared to the GMC Canyon.

GMC Canyon insurance cost for prior model years

The following sections detail GMC Canyon insurance rates for every trim level since the 2015 model year.

2022 GMC Canyon Insurance Cost

A 2022 GMC Canyon costs an average of $2,098 per year to insure, or around $175 per month. Rates range from $1,898 per year for the Canyon Elevation Standard Extended Cab to $2,278 for the Canyon Denali Crew Cab 4WD.

2021 GMC Canyon Insurance Cost

Average insurance rates for a 2021 GMC Canyon are $2,046 per year, or around $171 per month. Rates range from $1,784 per year for the Canyon Extended Cab 2WD to $2,304 for the Canyon Denali Crew Cab 2WD Turbo Diesel.

2020 GMC Canyon Insurance Cost

Average insurance rates for a 2020 GMC Canyon are $1,988 per year, or around $166 per month. Rates range from $1,740 per year for the Canyon Extended Cab 2WD to $2,238 for the Canyon Denali Crew Cab 2WD Turbo Diesel.

2019 GMC Canyon Insurance Cost

Insurance rates for a 2019 GMC Canyon average $1,806 per year, or about $151 per month. Rates range from $1,620 per year for the Canyon Extended Cab 2WD to $2,030 for the Canyon Denali Crew Cab 2WD Turbo Diesel.

2018 GMC Canyon Insurance Cost

2018 GMC Canyon insurance rates average $1,708 per year, or around $142 per month. Cost ranges from $1,562 per year for the Canyon Extended Cab 2WD to $1,866 for the Canyon Denali Crew Cab 2WD.

2017 GMC Canyon Insurance Cost

A 2017 GMC Canyon averages $1,670 per year for full coverage insurance, or around $139 per month. Rates range from $1,410 per year for the Canyon SL Extended Cab 2WD to $1,842 for the Canyon Denali Crew Cab 2WD Turbo Diesel.

2016 GMC Canyon Insurance Cost

Average insurance cost for a 2016 GMC Canyon is $1,534 per year, or around $128 per month. Rates range from $1,260 per year for the Canyon SL Extended Cab 2WD to $1,790 for the Canyon SLT Crew Cab 4WD Turbo Diesel.

2015 GMC Canyon Insurance Cost

Insurance rates average $1,552 per year for a 2015 GMC Canyon, or around $129 per month. Rates range from $1,366 per year for the Canyon SL Extended Cab 2WD to $1,718 for the Canyon SLT Crew Cab 4WD.