Best Ways to Save on Plano GMC Canyon Insurance

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Insurance rates GMC Canyon in PlanoAre you burned out from trying to scrape together enough money each month for auto insurance? You're in the same situation as millions of other people.

Shockingly, the vast majority of consumers have bought auto insurance from the same company for at least the last four years, and approximately 40% of consumers have never shopped around. Plano insurance shoppers can save as much as 70% each year just by shopping around, but they won't spend time to do a rate comparison.

Popular companies such as State Farm, Allstate, GEICO and Progressive increase brand awareness with TV and radio ads and it can be hard to ignore the propaganda and find the best price available.

When quoting car insurance, remember that quoting more will improve the odds of getting more affordable rates.

The companies shown below offer free rate quotes in Plano, TX. To buy cheaper car insurance in Plano, TX, we suggest you get prices from several of them to get the cheapest price.

These discounts can cut GMC Canyon insurance rates

Not many people think insurance is cheap, but you might be missing out on some discounts to help offset the cost. Certain discounts will be triggered automatically when you complete an application, but some need to be specially asked for prior to receiving the credit.Discount insurance

  • Distant Student Discount - College-age children living away from Plano attending college and do not have a car could qualify for this discount.
  • Government Employee Discount - Federal government employees may reduce rates when you quote Plano auto insurance with a few insurance companies.
  • Bundle and Save - If you combine your auto and homeowners policies with one insurance company you will save at least 10 to 15 percent or more.
  • Good Student Discount - Excelling in school may save as much as 25% on a Plano auto insurance quote. The good student discount can last well after school through age 25.
  • Full Payment Discount - If you pay your entire premium ahead of time as opposed to paying monthly you can avoid the installment charge.
  • Low Mileage Discounts - Low mileage vehicles could be rewarded with lower insurance rates due to less chance of an accident.
  • Telematics Devices - People who choose to allow driving data collection to scrutinize when and where they use their vehicle through the use of a telematics system like In-Drive from State Farm and Progressive's Snapshot may see discounts if they are good drivers.
  • Clubs and Organizations - Participating in certain professional organizations could trigger savings on insurance.

You should keep in mind that most of the big mark downs will not be given to the overall cost of the policy. Some only apply to the cost of specific coverages such as comp or med pay. Even though it may seem like having all the discounts means you get insurance for free, companies don't profit that way.

The chart below shows the comparison of GMC Canyon premium costs with and without discounts. The rates are based on a female driver, a clean driving record, no at-fault accidents, Texas state minimum liability limits, comp and collision included, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, multi-car, multi-policy, homeowner, safe-driver, and marriage discounts applied.

Large insurance companies and a summarized list of policyholder discounts are shown below.

  • GEICO offers discounts for federal employee, membership and employees, multi-vehicle, anti-theft, multi-policy, good student, and driver training.
  • Travelers policyholders can earn discounts including save driver, driver training, multi-policy, hybrid/electric vehicle, continuous insurance, and student away at school.
  • Nationwide offers discounts including Farm Bureau membership, family plan, defensive driving, multi-policy, and accident-free.
  • Farmers Insurance offers premium reductions for switch companies, electronic funds transfer, distant student, bundle discounts, and multi-car.
  • Esurance discounts include multi-car, multi-policy, Pac-12 alumni, anti-lock brakes, and homeowner.
  • State Farm has savings for anti-theft, driver's education, accident-free, multiple policy, student away at school, good driver, and multiple autos.
  • Progressive includes discounts for multi-policy, online signing, good student, multi-vehicle, and homeowner.
  • Mercury Insurance may offer discounts for low natural disaster claims, professional/association, anti-theft, age of vehicle, good driver, location of vehicle, and accident-free.

If you want inexpensive Plano auto insurance quotes, ask every insurance company what discounts are available to you. Savings may not be available in your area. If you would like to view companies with the best discounts in Texas, follow this link.

Statistics and details

The coverage information shown below covers a range of rate quotes for GMC Canyon models. Learning how insurance prices are calculated can help drivers make informed decisions when comparing rate quotes.

GMC Canyon Insurance Rates in Plano, TX
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Canyon SLE Regular Cab 2WD $252 $468 $462 $28 $138 $1,348 $112
Canyon SLE Ext Cab 2WD $252 $570 $462 $28 $138 $1,450 $121
Canyon SLE Ext Cab Z71 2WD $252 $570 $462 $28 $138 $1,450 $121
Canyon SLE Crew Cab 2WD $252 $570 $462 $28 $138 $1,450 $121
Canyon SLE Regular Cab 4WD $288 $468 $462 $28 $138 $1,384 $115
Canyon SLE Crew Cab Z71 2WD $288 $570 $462 $28 $138 $1,486 $124
Canyon SLT Ext Cab 2WD $288 $570 $462 $28 $138 $1,486 $124
Canyon SLE Ext Cab 4WD $288 $468 $462 $28 $138 $1,384 $115
Canyon SLT Crew Cab 2WD $288 $672 $462 $28 $138 $1,588 $132
Canyon SLE Ext Cab Z71 4WD $288 $570 $462 $28 $138 $1,486 $124
Canyon SLE Crew Cab 4WD $326 $570 $462 $28 $138 $1,524 $127
Canyon SLE Crew Cab Z71 4WD $326 $570 $462 $28 $138 $1,524 $127
Canyon SLT Crew Cab 4WD $326 $570 $462 $28 $138 $1,524 $127
Canyon SLT Ext Cab 4WD $326 $570 $462 $28 $138 $1,524 $127
Get Your Own Custom Quote Go

Data based on single male driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Texas minimum liability limits. Discounts applied include multi-policy, safe-driver, claim-free, multi-vehicle, and homeowner. Information does not factor in garaging location in Plano which can lower or raise prices considerably.

Auto insurance deductibles

One frequently asked question is which deductibles should you choose. The comparisons below determine the price difference between high and low insurance deductibles. The first rate comparisons uses a $100 physical damage coverage deductible and the second rate chart uses a $1,000 deductible.

GMC Canyon insurance policy rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Canyon SLE Regular Cab 2WD $286 $486 $382 $22 $114 $1,315 $110
Canyon SLE Ext Cab 2WD $286 $592 $382 $22 $114 $1,421 $118
Canyon SLE Ext Cab Z71 2WD $286 $592 $382 $22 $114 $1,421 $118
Canyon SLE Crew Cab 2WD $286 $592 $382 $22 $114 $1,421 $118
Canyon SLE Regular Cab 4WD $328 $486 $382 $22 $114 $1,357 $113
Canyon SLE Crew Cab Z71 2WD $328 $592 $382 $22 $114 $1,463 $122
Canyon SLT Ext Cab 2WD $328 $592 $382 $22 $114 $1,463 $122
Canyon SLE Ext Cab 4WD $328 $486 $382 $22 $114 $1,357 $113
Canyon SLT Crew Cab 2WD $328 $698 $382 $22 $114 $1,569 $131
Canyon SLE Ext Cab Z71 4WD $328 $592 $382 $22 $114 $1,463 $122
Canyon SLE Crew Cab 4WD $370 $592 $382 $22 $114 $1,505 $125
Canyon SLE Crew Cab Z71 4WD $370 $592 $382 $22 $114 $1,505 $125
Canyon SLT Crew Cab 4WD $370 $592 $382 $22 $114 $1,505 $125
Canyon SLT Ext Cab 4WD $370 $592 $382 $22 $114 $1,505 $125
Get Your Own Custom Quote Go
GMC Canyon insurance policy rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Canyon SLE Regular Cab 2WD $158 $256 $382 $22 $114 $932 $78
Canyon SLE Ext Cab 2WD $158 $312 $382 $22 $114 $988 $82
Canyon SLE Ext Cab Z71 2WD $158 $312 $382 $22 $114 $988 $82
Canyon SLE Crew Cab 2WD $158 $312 $382 $22 $114 $988 $82
Canyon SLE Regular Cab 4WD $182 $256 $382 $22 $114 $956 $80
Canyon SLE Crew Cab Z71 2WD $182 $312 $382 $22 $114 $1,012 $84
Canyon SLT Ext Cab 2WD $182 $312 $382 $22 $114 $1,012 $84
Canyon SLE Ext Cab 4WD $182 $256 $382 $22 $114 $956 $80
Canyon SLT Crew Cab 2WD $182 $368 $382 $22 $114 $1,068 $89
Canyon SLE Ext Cab Z71 4WD $182 $312 $382 $22 $114 $1,012 $84
Canyon SLE Crew Cab 4WD $206 $312 $382 $22 $114 $1,036 $86
Canyon SLE Crew Cab Z71 4WD $206 $312 $382 $22 $114 $1,036 $86
Canyon SLT Crew Cab 4WD $206 $312 $382 $22 $114 $1,036 $86
Canyon SLT Ext Cab 4WD $206 $312 $382 $22 $114 $1,036 $86
Get Your Own Custom Quote Go

Above prices assume married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include claim-free, multi-vehicle, homeowner, multi-policy, and safe-driver. Information does not factor in vehicle garaging location which can affect coverage rates significantly.

Based on the figures above, using a $100 deductible costs an average of $37 more each month or $444 a year than buying the higher $1,000 deductible. Since the policyholder would be required to pay $900 more to file a claim with a $1,000 deductible as compared to a $100 deductible, if you usually have more than 24 months between claims, you would come out ahead if you choose a higher deductible.

Male drivers versus female drivers

The illustration below illustrates the comparison of GMC Canyon insurance rates for male and female drivers. The costs are based on no claims or driving citations, comp and collision included, $100 deductibles, drivers are single, and no additional discounts are factored in.

Does it make sense to buy full coverage?

The information below illustrates the difference between GMC Canyon car insurance costs with full physical damage coverage compared to only buying liability only. The data assumes no tickets, no at-fault accidents, $1,000 deductibles, single marital status, and no policy discounts are applied.

When to stop buying full coverage

There is no exact rule of when to stop paying for physical damage insurance, but there is a general school of thought. If the yearly cost of full coverage is about 10% or more of the vehicle's replacement cost less your deductible, then it might be time to buy liability only.

For example, let's assume your GMC Canyon settlement value is $5,000 and you have $1,000 full coverage deductibles. If your vehicle is destroyed, the most your company would pay you is $4,000 after the policy deductible has been paid. If you are paying more than $400 annually for physical damage coverage, then it might be time to buy liability only.

There are some situations where buying only liability insurance is not a good idea. If you still have a loan on your vehicle, you must maintain physical damage coverage to satisfy the loan requirements. Also, if you can't afford to buy a different vehicle in the event your current vehicle is totaled, you should keep full coverage on your policy.

Which car insurance company is best in Texas?

Insuring your vehicle with a good quality car insurance company can be difficult considering how many choices drivers have in Plano. The rank data in the next section could help you select which insurers you want to consider comparing rates from.

Top 10 Plano Car Insurance Companies Ranked by Customer Satisfaction

  1. USAA - 91%
  2. AAA Insurance - 90%
  3. Esurance - 90%
  4. Mercury Insurance - 89%
  5. Nationwide - 89%
  6. Travelers - 88%
  7. Progressive - 88%
  8. Safeco Insurance - 88%
  9. State Farm - 88%
  10. Allstate - 88%

Top 10 Plano Car Insurance Companies Ranked by Value

  1. Mercury Insurance
  2. Travelers
  3. American Family
  4. AAA Insurance
  5. Safeco Insurance
  6. Progressive
  7. The Hartford
  8. The General
  9. 21st Century
  10. Esurance

Learn How to Lower Your Insurance Rates

A large part of saving on insurance is knowing the rating factors that aid in calculating your premiums. If you have some idea of what determines base rates, this allows you to make educated decisions that could help you find lower insurance prices.

The list below includes some of the things used by companies to determine your prices.

  • Proper usage rating affects rates - Driving more miles in a year's time the more you'll pay to insure it. Many insurance companies charge to insure your cars based on how the vehicle is used. Cars that are left in the garage receive better premium rates as compared to vehicles used primarily for driving to work. An improperly rated Canyon may be costing you higher rates. Verify your insurance declarations sheet shows the correct driver usage.
  • How much liability coverage - The liability coverage on your policy provides coverage if ever a court rules you are at fault for physical damage or personal injury to other. Your liability coverage provides for a legal defense which can be incredibly expensive. Liability is cheap as compared to coverage for physical damage, so do not cut corners here.
  • Never let your insurance policy lapse - Having a lapse in insurance coverage is a quick way to increase your renewal premiums. Not only will rates go up, the inability to provide proof of insurance could result in a steep fine or even jail time. You may need to provide proof of insurance in the form of an SR-22 filing with the Texas department of motor vehicles.
  • Safer occupants lowers insurance rates - Vehicles with good safety scores get lower rates. The safest vehicles protect occupants better and any reduction in injury severity means less money paid by your insurance company which can mean better rates for you.
  • Car features impact rates - Selecting a car model with anti-theft technology or alarm system can save you a little every year. Theft deterrent systems such as tamper alarm systems, vehicle immobilizer technology and General Motors OnStar can thwart car theft.
  • Pay more for higher performance vehicles - The performance of the car you own makes a big difference in your premium level. The cheapest insurance rates tend to be for smaller low performance passenger models, but your final cost has many other factors.

    The following data assumes a single male driver age 50, full coverage with $500 deductibles, and no discounts or violations. The chart compares GMC Canyon car insurance rates compared to other models of vehicles that have different risk factors.

  • If you don't need it don't buy it - There are many extra add-on coverages that can waste your money on your Canyon policy. Coverage for things like rental car reimbursement, better glass coverage, and motor club memberships are probably not needed. These may sound like a good investment when talking to your agent, but if you've never needed them in the past remove them from your policy.
  • GMC Canyon insurance claim data - Car insurance companies study historical loss data as a way to help calculate a profitable premium rate. Vehicles that the data determines to have higher number or severity of losses will have higher rates. The next table shows the collected loss data for GMC Canyon vehicles.

    For each coverage type, the statistical loss for all vehicles, without regard to make or model, is equal to 100. Percentages below 100 represent a good loss history, while percentage numbers above 100 indicate a higher chance of having a claim or an increased probability of a larger loss.

    Insurance Loss Ratings for GMC Canyon Vehicles
    Vehicle Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
    GMC Canyon Crew Cab 2WD 54 88
    GMC Canyon Crew Cab 4WD 44 71
    BETTER
    AVERAGE
    WORSE

    Empty fields indicate not enough data collected
    Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years