Lower Your 2012 GMC Canyon Car Insurance Cost

Trying to find lower auto insurance rates for your GMC Canyon? Feel like you have high-priced auto insurance? Trust us when we tell you many drivers have buyer’s remorse. There are many car insurance companies to insure vehicles with, and though it is a good thing to have multiple companies, it can be more challenging to compare rates and cut insurance costs.

It’s a good idea to shop coverage around before your next renewal due to the fact that insurance rates are variable and change quite frequently. If you had the best premium rates on Canyon coverage two years ago there is a good chance you can find better prices now. You’ll find quite a bit of inaccurate information about auto insurance on the internet, but by reading this article, you’re going to learn some great ideas on how to lower your auto insurance rates.

How to buy car insurance

Shopping for lower car insurance rates can be challenging if you don’t understand the best way to get rate quotes. You can waste hours talking about coverages with agents in your area, or you could use the internet to quickly compare rates.

All the larger companies enroll in a system where insurance shoppers send in one quote, and every company then gives them pricing determined by their information. This eliminates the need for repetitive form submissions to each company. To participate in this free quote system, click here to start a free quote.

The only downside to using this type of form is you can’t choose which carriers you want to price. If you prefer to choose specific providers to compare, we have a page of companies who write car insurance in your area. Click here to view list.

Whichever way you use, try to use the exact same coverage information on every quote. If you compare differing limits it will be next to impossible to make an equal comparison.

The ad said I’d save $417 a year!

Consumers get pounded daily by advertisements for car insurance savings by companies like Progressive, Allstate and Geico. All the companies convey the message that you’ll save big just by switching your policy.

How does every company cost less than your current company? It’s all in how they say it.

Insurance companies are able to cherry pick for the driver they prefer to insure. For instance, a desirable insured could be over age 30, insures multiple vehicles, and the vehicle is rated for pleasure use. A customer getting a price quote who fits that profile will probably get the lowest auto insurance rates and most likely will save a lot if they switch.

Potential customers who do not meet those standards must pay a higher rate and the customer buying from a different company. The ads say “drivers that switch” not “everyone who quotes” will save that much if they switch. That’s the way companies can truthfully make those claims.

This really emphasizes why it’s extremely important to do a price quote comparison at every renewal. It’s impossible to know with any certainty which company will have better auto insurance rates than you’re paying now.

Discounts for cheap car insurance rates

Some companies don’t necessarily list every policy discount in an easy-to-find place, so the below list has both the well known as well as some of the hidden discounts that you can inquire about if you buy insurance online.

  • No Claims – Insureds who avoid accidents and claims can save substantially in comparison with policyholders that have many claims.
  • No Charge for an Accident – This isn’t a discount exactly, but certain companies may permit one accident without raising rates so long as you are claim-free for a particular time prior to the accident.
  • Theft Deterent – Cars, trucks, and SUVs optioned with advanced anti-theft systems can help prevent theft so companies will give you a small discount.
  • Auto/Life Discount – Some car insurance companies give a discount if you purchase some life insurance in addition to your auto policy.
  • Driving Data Discount – Drivers who agree to allow their insurance company to spy on when and where they use their vehicle by using a small device installed in their vehicle such as Progressive’s Snapshot may get a rate reduction as long as the data is positive.
  • Employee of Federal Government – Employees or retirees of the government could provide a small rate reduction on Canyon coverage depending on your car insurance provider.
  • Discount for Good Grades – A discount for being a good student could provide a savings of up to 20% or more. You can use this discount normally until age 25.
  • Membership in Organizations – Having an affiliation with qualifying employment or professional organizations could earn you a nice discount on your policy.

As is typical with insurance, many deductions do not apply to your bottom line cost. Most only cut the price of certain insurance coverages like medical payments or collision. If you do the math and it seems like having all the discounts means you get insurance for free, nobody gets a free ride.

To choose providers who offer discounts, follow this link.

You may need specialized car insurance coverage

When buying coverage, there isn’t really a best way to insure your cars. Every insured’s situation is different so this has to be addressed. For instance, these questions can help discover if your insurance needs would benefit from professional advice.

  • Should I buy only the required minimum liability coverage?
  • Am I covered when renting a car or should I buy coverage from the car rental agency?
  • Will I be non-renewed for getting a DUI or other conviction?
  • Why does it cost so much to insure a teen driver?
  • Do I need replacement cost coverage?
  • Am I missing any policy discounts?
  • Should I file a claim if it’s only slightly more than my deductible?
  • When should my teen driver be added to my policy?

If it’s difficult to answer those questions but you think they might apply to your situation, you might consider talking to a licensed insurance agent. To find lower rates from a local agent, take a second and complete this form or you can go here for a list of companies in your area. It’s fast, doesn’t cost anything and may give you better protection.

Car insurance policy specifics

Understanding the coverages of a car insurance policy can help you determine which coverages you need for your vehicles. Car insurance terms can be impossible to understand and nobody wants to actually read their policy. Below you’ll find the normal coverages available from car insurance companies.

Liability coverages

Liability insurance protects you from damages or injuries you inflict on other’s property or people. This insurance protects YOU against other people’s claims. It does not cover damage sustained by your vehicle in an accident.

Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see liability limits of 25/50/25 which stand for $25,000 in coverage for each person’s injuries, a per accident bodily injury limit of $50,000, and a total limit of $25,000 for damage to vehicles and property. Another option is one number which is a combined single limit which provides one coverage limit rather than limiting it on a per person basis.

Liability coverage pays for things like repair bills for other people’s vehicles, emergency aid, funeral expenses, pain and suffering and medical expenses. How much liability coverage do you need? That is up to you, but consider buying as much as you can afford.

Comprehensive insurance

This coverage pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive coverage pays for claims such as theft, hitting a deer and hitting a bird. The maximum payout a car insurance company will pay at claim time is the ACV or actual cash value, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.

Collision insurance

This will pay to fix damage to your Canyon from colliding with another car or object. You will need to pay your deductible then your collision coverage will kick in.

Collision coverage protects against things like backing into a parked car, rolling your car and colliding with another moving vehicle. Collision is rather expensive coverage, so you might think about dropping it from lower value vehicles. It’s also possible to bump up the deductible to get cheaper collision coverage.

Med pay and Personal Injury Protection (PIP)

Personal Injury Protection (PIP) and medical payments coverage provide coverage for short-term medical expenses like ambulance fees, nursing services, hospital visits, prosthetic devices and X-ray expenses. The coverages can be used to cover expenses not covered by your health insurance policy or if you are not covered by health insurance. They cover not only the driver but also the vehicle occupants and also covers being hit by a car walking across the street. Personal injury protection coverage is only offered in select states but it provides additional coverages not offered by medical payments coverage

Uninsured/Underinsured Motorist (UM/UIM)

This coverage protects you and your vehicle’s occupants from other motorists when they either are underinsured or have no liability coverage at all. Covered claims include injuries sustained by your vehicle’s occupants and damage to your 2012 GMC Canyon.

Because many people carry very low liability coverage limits, it only takes a small accident to exceed their coverage. So UM/UIM coverage should not be overlooked. Frequently your uninsured/underinsured motorist coverages are set the same as your liablity limits.

Affordable insurance is out there

When you buy insurance online, do not reduce needed coverages to save money. There are many occasions where an insured cut comprehensive coverage or liability limits only to regret at claim time that the few dollars in savings costed them thousands. Your strategy should be to buy the best coverage you can find at a price you can afford, but do not skimp to save money.

We just presented a lot of information how to save on 2012 GMC Canyon insurance. The key thing to remember is the more you quote insurance, the higher your chance of finding the cheapest insurance. Consumers could even find that the best premium rates are with a small mutual company. They may only write in your state and offer lower prices compared to the large companies like State Farm and Allstate.

Additional information