Best GMC Canyon Insurance in Lexington

Discount GMC Canyon insuranceThe best way we recommend to get discount GMC Canyon insurance in Lexington is to start comparing prices regularly from insurers who sell auto insurance in Kentucky. You can shop around by following these steps.

  1. Get a basic knowledge of policy coverages and the steps you can take to drop your rates. Many policy risk factors that cause high rates like high-risk driving behaviors and a bad credit rating can be eliminated by improving your driving habits or financial responsibility.
  2. Compare prices from direct, independent, and exclusive agents. Direct and exclusive agents can only provide price estimates from one company like GEICO or State Farm, while independent agencies can provide prices for many different companies.
  3. Compare the new quotes to your existing coverage to see if switching to a new carrier will save money. If you can save money and buy the policy, make sure there is no lapse between the expiration of your current policy and the new one.

A valuable tip to remember is to use identical coverage information on every quote request and and to get price quotes from all possible companies. This provides a fair price comparison and a better comparison of the market.

It’s an obvious conclusion that auto insurance companies don’t want you shop around. Drivers who compare rates annually are highly likely to move their business because there is a great chance of finding a lower-priced policy. A study showed that consumers who made a habit of comparing rates saved $865 annually as compared to drivers who didn’t regularly shop around.

If finding the cheapest price on GMC Canyon insurance in Lexington is your ultimate target, understanding how to find and compare cheaper coverage can help simplify the task of finding more affordable coverage.

These techniques will let you in on the best way to buy inexpensive auto insurance and some tips to save money. If you have a policy now, you will surely be able to get lower rates using the concepts covered in this article. Although Kentucky consumers can benefit from knowing the way companies sell online because rates fluctuate considerably.

Keep in mind that more quotes helps you find a lower rate than you’re paying now.

The companies shown below have been selected to offer price comparisons in Lexington, KY. To locate the cheapest auto insurance in KY, we suggest you get rates from several of them in order to get a fair rate comparison.

Choosing vehicle insurance is an important decision

Even though it’s not necessarily cheap to insure a GMC in Lexington, insuring your vehicle serves a purpose in several ways.

The benefits of buying auto insurance definitely exceed the price paid, particularly if you ever have a claim. But the average driver in Kentucky is overpaying over $800 each year so you should quote and compare rates once a year at a minimum to make sure the price is not too high.

GMC Canyon insurance analysis

The premium information shown next outlines different prices for GMC Canyon models. Knowing how insurance prices are figured can help customers make decisions on the best policy coverages.


GMC Canyon Insurance Rates in Lexington, KY
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Canyon SLE Regular Cab 2WD $280 $418 $428 $26 $128 $1,280 $107
Canyon SLE Ext Cab 2WD $280 $508 $428 $26 $128 $1,370 $114
Canyon SLE Ext Cab Z71 2WD $280 $508 $428 $26 $128 $1,370 $114
Canyon SLE Crew Cab 2WD $280 $508 $428 $26 $128 $1,370 $114
Canyon SLE Regular Cab 4WD $320 $418 $428 $26 $128 $1,320 $110
Canyon SLE Crew Cab Z71 2WD $320 $508 $428 $26 $128 $1,410 $118
Canyon SLT Ext Cab 2WD $320 $508 $428 $26 $128 $1,410 $118
Canyon SLE Ext Cab 4WD $320 $418 $428 $26 $128 $1,320 $110
Canyon SLT Crew Cab 2WD $320 $598 $428 $26 $128 $1,500 $125
Canyon SLE Ext Cab Z71 4WD $320 $508 $428 $26 $128 $1,410 $118
Canyon SLE Crew Cab 4WD $362 $508 $428 $26 $128 $1,452 $121
Canyon SLE Crew Cab Z71 4WD $362 $508 $428 $26 $128 $1,452 $121
Canyon SLT Crew Cab 4WD $362 $508 $428 $26 $128 $1,452 $121
Canyon SLT Ext Cab 4WD $362 $508 $428 $26 $128 $1,452 $121
Get Your Own Custom Quote Go

Above prices assume single male driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Kentucky minimum liability limits. Discounts applied include homeowner, safe-driver, multi-vehicle, claim-free, and multi-policy. Premium costs do not factor in specific garaging location which can alter premium rates greatly.

Comparison of policy deductibles

One of the hardest decisions when shopping for insurance is how high should your deductibles be. The following tables approximate how much more you’ll pay of buying low and high coverage deductibles. The first set of prices uses a $100 deductible for comp and collision and the second rate chart uses a $1,000 deductible.


GMC Canyon insurance rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Canyon SLE Regular Cab 2WD $244 $418 $326 $20 $98 $1,131 $94
Canyon SLE Ext Cab 2WD $244 $508 $326 $20 $98 $1,221 $102
Canyon SLE Ext Cab Z71 2WD $244 $508 $326 $20 $98 $1,221 $102
Canyon SLE Crew Cab 2WD $244 $508 $326 $20 $98 $1,221 $102
Canyon SLE Regular Cab 4WD $280 $418 $326 $20 $98 $1,167 $97
Canyon SLE Crew Cab Z71 2WD $280 $508 $326 $20 $98 $1,257 $105
Canyon SLT Ext Cab 2WD $280 $508 $326 $20 $98 $1,257 $105
Canyon SLE Ext Cab 4WD $280 $418 $326 $20 $98 $1,167 $97
Canyon SLT Crew Cab 2WD $280 $598 $326 $20 $98 $1,347 $112
Canyon SLE Ext Cab Z71 4WD $280 $508 $326 $20 $98 $1,257 $105
Canyon SLE Crew Cab 4WD $318 $508 $326 $20 $98 $1,295 $108
Canyon SLE Crew Cab Z71 4WD $318 $508 $326 $20 $98 $1,295 $108
Canyon SLT Crew Cab 4WD $318 $508 $326 $20 $98 $1,295 $108
Canyon SLT Ext Cab 4WD $318 $508 $326 $20 $98 $1,295 $108
Get Your Own Custom Quote Go

GMC Canyon insurance rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Canyon SLE Regular Cab 2WD $136 $220 $326 $20 $98 $800 $67
Canyon SLE Ext Cab 2WD $136 $268 $326 $20 $98 $848 $71
Canyon SLE Ext Cab Z71 2WD $136 $268 $326 $20 $98 $848 $71
Canyon SLE Crew Cab 2WD $136 $268 $326 $20 $98 $848 $71
Canyon SLE Regular Cab 4WD $156 $220 $326 $20 $98 $820 $68
Canyon SLE Crew Cab Z71 2WD $156 $268 $326 $20 $98 $868 $72
Canyon SLT Ext Cab 2WD $156 $268 $326 $20 $98 $868 $72
Canyon SLE Ext Cab 4WD $156 $220 $326 $20 $98 $820 $68
Canyon SLT Crew Cab 2WD $156 $316 $326 $20 $98 $916 $76
Canyon SLE Ext Cab Z71 4WD $156 $268 $326 $20 $98 $868 $72
Canyon SLE Crew Cab 4WD $176 $268 $326 $20 $98 $888 $74
Canyon SLE Crew Cab Z71 4WD $176 $268 $326 $20 $98 $888 $74
Canyon SLT Crew Cab 4WD $176 $268 $326 $20 $98 $888 $74
Canyon SLT Ext Cab 4WD $176 $268 $326 $20 $98 $888 $74
Get Your Own Custom Quote Go

Premium data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Kentucky minimum liability limits. Discounts applied include claim-free, multi-policy, multi-vehicle, safe-driver, and homeowner. Premium amounts do not factor in garaging location in Lexington which can change rates greatly.

Based on this data, we can arrive at the conclusion that using a $100 deductible will cost you about $32 more each month or $384 every year averaged for all Canyon models than selecting the higher $1,000 deductible. Because you would pay $900 more to settle a claim with a $1,000 deductible as compared to a $100 deductible, if you tend to go more than 28 months between claims, you would most likely save money if you opt for a higher deductible.

Does it make sense to buy full coverage?

The chart below illustrates the difference between GMC Canyon car insurance costs with full physical damage coverage compared to only buying the minimum liability limits required in Kentucky. The premium estimates are based on no violations or accidents, $500 deductibles, single status, and no discounts are taken into consideration.

Deciding between full coverage and liability only

There is no set rule to stop buying full coverage on your policy, but there is a general school of thought. If the annual cost of having full coverage is about 10% or more of the settlement you would receive from your company, then it’s probably a good time to buy liability coverage only.

For example, let’s pretend your GMC Canyon settlement value is $6,000 and you have $1,000 deductibles. If your vehicle is damaged in an accident, the most your company will settle for is $5,000 after paying the physical damage deductible. If premium cost is more than $500 annually for physical damage coverage, then it might be time to buy liability only.

There are some situations where dropping full coverage is not recommended. If you still owe a portion of the original loan, you have to carry full coverage as part of the loan conditions. Also, if you can’t afford to buy a different vehicle if your current one is damaged, you should not opt for liability only.

You may qualify for discounts for GMC Canyon insurance in Lexington

Some insurers don’t always advertise all available discounts very clearly, so the below list has both the well known as well as the least known credits available to you. If you don’t get every credit available, you could be getting lower rates.Save money with discounts

One last thing about discounts, some of the credits will not apply to the overall cost of the policy. Most only apply to the price of certain insurance coverages like liability, collision or medical payments. Even though it may seem like having all the discounts means you get insurance for free, that’s just not realistic.

The illustration below shows the difference between GMC Canyon annual premium costs with and without discounts applied to the policy rates. The premiums assume a female driver, no claims, a clean driving record, Kentucky state minimum liability limits, full physical damage coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, safe-driver, multi-car, homeowner, marriage, and claim-free discounts applied.

A partial list of companies that may have some of the above discounts are:

Check with each company how you can save money. Some discounts may not be offered everywhere. To see insurance companies that offer some of these discounts in Kentucky, click here to view.