2022 GMC Canyon Car Insurance Quotes in 2024 – 5 Tips to Save

Paying more affordable prices for insurance can be frustrating for beginners to online insurance quotes. With dozens of insurance companies available, it can quickly become a challenge to find better rates.

The purpose of this post is to help you learn the most effective way to quote insurance and some money-saving tips. If you have car insurance now, you stand a good chance to be able to cut costs considerably using these techniques. But consumers can benefit from knowing the methods companies use to market insurance on the web and use this information to your advantage.

Drivers can save with with these five discounts

Insurance is not cheap nor is it fun to buy but companies offer discounts that can help lower your rates. Some discounts will apply when you get a quote, but some must be specially asked for before you will receive the discount. If you’re not getting every credit you deserve, you’re just leaving money on the table.

• Theft Deterrent – Vehicles that have factory anti-theft systems are less likely to be stolen and will save you 10% or more.
• Pay Early and Save – By making one initial payment instead of making monthly payments you may have a lower total premium amount.
• Data Collection Discounts – Drivers who elect to allow their company to track vehicle usage by using a telematics device in their vehicle such as Progressive’s Snapshot and State Farm’s In-Drive could see a rate decrease as long as they are good drivers.
• Active Military Service – Being deployed in the military may qualify for rate reductions.
• Accident Waiver – Not necessarily a discount, but some companies like Liberty Mutual, Allstate and State Farm will let one accident slide before your rates go up if you are claim-free for a set time period.

As a sidenote, some of the credits will not apply to the whole policy. Some only reduce specific coverage prices like liability and collision coverage. Despite the fact that it seems like all the discounts add up to a free policy, company stockholders wouldn’t be very happy. Any qualifying discounts should help lower the premium cost.

To see a list of providers with the best discounts, enter your zip code here.

The easiest way to get rate comparisons utilizes the fact most of the larger companies actually pay money for the chance to provide you with a free rate quote. To get started, all you need to do is provide the companies a bit of rating information such as if a SR-22 is required, how much coverage you want, if the car is leased, and your credit rating estimate. That rating information is sent automatically to multiple companies and you will get price comparisons instantly.

Your situation helps dictate your coverage

When buying proper insurance coverage, there isn’t really a one size fits all plan. Everyone’s situation is unique.

For instance, these questions may help highlight if your situation will benefit from professional help.

• Can my teen drive my company car?
• What discounts do I qualify for?
• Can my babysitter drive my car?
• Are all vehicle passengers covered by medical payments coverage?
• I have health insurance so do I need medical payments coverage?
• Am I covered if I hit my neighbor’s mailbox?
• When can I cancel my policy?
• Does coverage extend to Mexico or Canada?
• Do I need rental car coverage?
• When should I remove comp and collision on my 2022 GMC Canyon?

If you can’t answer these questions, you might consider talking to a licensed insurance agent. To find lower rates from a local agent, complete your zip code.

Save $394 a year? Really?

Big name companies like Allstate and Progressive consistently run ads in print and on television. All the ads seem to make the promise of big savings if you get a free insurance quote and switch to them. How do they all charge lower premium rates? Here is how they do it.

Insurance companies can use profiling for the right customer that earns them the most money. One example of a desirable insured could be between the ages of 30 and 50, is a homeowner, and drives a car with an anti-theft system. Any driver that fits those parameters will get the preferred car insurance rates and therefore will save if they switch.

People who don’t meet these standards will probably be forced to pay a more expensive rate with the end result being the customer buying from a different company. If you pay attention, the ads say “drivers who switch” not “everybody who quotes” save that much money. That is how insurance companies can make those statements.

Because every company is different, you need to compare free insurance quotes often. It’s just too difficult to predict the company that will provide the lowest prices.

Specifics of your insurance policy

Knowing the specifics of a insurance policy aids in choosing the right coverages for your vehicles. Insurance terms can be ambiguous and coverage can change by endorsement.

Liability coverages

Liability insurance protects you from damage that occurs to people or other property that is your fault. It protects YOU against claims from other people, and does not provide coverage for your own vehicle damage or injuries.

Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. You might see values of 50/100/50 that translate to a $50,000 limit per person for injuries, a per accident bodily injury limit of $100,000, and $50,000 of coverage for damaged property. Another option is one limit called combined single limit (CSL) which combines the three limits into one amount rather than limiting it on a per person basis.

Liability coverage protects against things like bail bonds, repair bills for other people’s vehicles, medical services, court costs and pain and suffering. The amount of liability coverage you purchase is your choice, but consider buying as much as you can afford.

Coverage for collisions

This covers damage to your Canyon caused by collision with a stationary object or other vehicle. You have to pay a deductible and then insurance will cover the remainder.

Collision coverage protects against claims such as colliding with another moving vehicle, backing into a parked car, rolling your car and crashing into a ditch. This coverage can be expensive, so consider dropping it from lower value vehicles. Another option is to increase the deductible to get cheaper collision coverage.

Coverage for medical expenses

Med pay and PIP coverage kick in for immediate expenses for things like rehabilitation expenses, ambulance fees, doctor visits and prosthetic devices. They are used to cover expenses not covered by your health insurance policy or if you lack health insurance entirely. It covers not only the driver but also the vehicle occupants as well as being hit by a car walking across the street. PIP coverage is only offered in select states but it provides additional coverages not offered by medical payments coverage

Coverage for uninsured or underinsured drivers

This protects you and your vehicle from other drivers when they either are underinsured or have no liability coverage at all. This coverage pays for medical payments for you and your occupants and also any damage incurred to your GMC Canyon.

Since many drivers only purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is very important. Normally your uninsured/underinsured motorist coverages are identical to your policy’s liability coverage.

Comprehensive insurance

Comprehensive insurance pays to fix your vehicle from damage that is not covered by collision coverage. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers claims such as a broken windshield, hail damage and damage from getting keyed. The most you’ll receive from a claim is the market value of your vehicle, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.

At the end of the day…

Insureds switch companies for many reasons like high prices, policy non-renewal, being labeled a high risk driver and policy cancellation. It doesn’t matter what your reason, finding a great new company is pretty easy and you might even save some money in the process.

As you shop your coverage around, you should never skimp on coverage in order to save money. There have been many situations where someone sacrificed liability limits or collision coverage only to discover later they didn’t have enough coverage. The goal is to buy enough coverage at an affordable rate, but don’t skip important coverages to save money.

We just covered many ways to get a better price on 2022 GMC Canyon insurance. The key concept to understand is the more times you quote, the higher your chance of finding cheaper insurance. You may be surprised to find that the lowest rates come from a lesser-known regional company.