GMC Canyon Car Insurance Rates for 2023

• GMC Canyon insurance costs an average of $1,646 per year or around $137 per month, depending on the trim level.
• The cheapest GMC Canyon insurance is on the Canyon Elevation Extended Cab trim level at an estimated $1,420 per year.
• The Canyon Denali Crew Cab 4WD is the most expensive to insure at $1,762 per year.
• The GMC Canyon ranks fifth 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 $1,646 per year for a policy with full coverage. Monthly insurance cost for the Canyon ranges from $118 to $147, depending on the trim level.

With the average midsize truck costing $1,711 a year to insure, drivers can expect to pay around $65 less 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 $1,254 per year for a driver age 60 with $1,000 deductibles to $3,730 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 $5,912 while a 16-year-old female would pay about $5,206. By age 18, rates drop to around $5,126 for males and $4,442 for female drivers.

What is the cheapest GMC Canyon insurance?

The cheapest trim level of GMC Canyon to insure is the Elevation Extended Cab at around $1,420 per year. The next cheapest model is the Elevation Crew Cab at $1,474 per year, and the third cheapest trim level to insure is the Elevation Standard Extended Cab 4WD at $1,618 per year.

The most expensive models of Canyon to insure are the Denali Crew Cab 4WD at $1,762 and the AT4 Leather Crew Cab 4WD at $1,746 per year. Those trim levels will cost an extra $342 and $326 per year, respectively, over the cheapest Elevation Extended Cab 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 2023 mid-size pickup truck class, the GMC Canyon ranks fifth out of 10 total vehicles. The Canyon costs an estimated $1,646 per year to insure for full coverage, while the class average rate is $1,711 per year, a difference of $65 per year.

When compared to all vehicles (not just midsize pickups), the Canyon fares better. The national average all-vehicle rate is $1,728, so insurance on a GMC Canyon is actually $82 cheaper per year on average.

When rates are compared directly to other similar midsize pickups, insurance for a GMC Canyon costs $12 less per year than the Toyota Tacoma, $140 more than the Chevrolet Colorado, $36 more than the Ford Ranger, and $82 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 $1,634 per year to insure, or around $136 per month. Rates range from $1,480 per year for the Canyon Elevation Standard Extended Cab to $1,776 for the Canyon Denali Crew Cab 4WD.

2021 GMC Canyon Insurance Cost

Average insurance rates for a 2021 GMC Canyon are $1,592 per year, or around $133 per month. Rates range from $1,400 per year for the Canyon Extended Cab 2WD to $1,794 for the Canyon Denali Crew Cab 2WD Turbo Diesel.

2020 GMC Canyon Insurance Cost

Average insurance rates for a 2020 GMC Canyon are $1,574 per year, or around $131 per month. Rates range from $1,386 per year for the Canyon Extended Cab 2WD to $1,770 for the Canyon Denali Crew Cab 2WD Turbo Diesel.

2019 GMC Canyon Insurance Cost

Insurance rates for a 2019 GMC Canyon average $1,438 per year, or about $120 per month. Rates range from $1,298 per year for the Canyon Extended Cab 2WD to $1,614 for the Canyon Denali Crew Cab 2WD Turbo Diesel.

2018 GMC Canyon Insurance Cost

2018 GMC Canyon insurance rates average $1,384 per year, or around $115 per month. Cost ranges from $1,270 per year for the Canyon Extended Cab 2WD to $1,510 for the Canyon Denali Crew Cab 2WD.

2017 GMC Canyon Insurance Cost

A 2017 GMC Canyon averages $1,348 per year for full coverage insurance, or around $112 per month. Rates range from $1,148 per year for the Canyon SL Extended Cab 2WD to $1,488 for the Canyon Denali Crew Cab 2WD Turbo Diesel.

2016 GMC Canyon Insurance Cost

Average insurance cost for a 2016 GMC Canyon is $1,274 per year, or around $106 per month. Rates range from $1,048 per year for the Canyon SL Extended Cab 2WD to $1,488 for the Canyon SLT Crew Cab 4WD Turbo Diesel.

2015 GMC Canyon Insurance Cost

Insurance rates average $1,296 per year for a 2015 GMC Canyon, or around $108 per month. Rates range from $1,146 per year for the Canyon SL Extended Cab 2WD to $1,430 for the Canyon SLT Crew Cab 4WD.