Save Money on GMC Canyon Insurance in San Jose

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Insurance rates GMC Canyon in San JoseIf your goal is the lowest price, then the best way to find the cheapest price for GMC Canyon insurance in San Jose is to compare quotes once a year from insurers who can sell car insurance in California.

  1. Get a basic knowledge of how companies price auto insurance and the steps you can take to keep rates down. Many rating criteria that are responsible for high rates such as at-fault accidents, careless driving, and poor credit can be controlled by paying attention to minor details.
  2. Compare rates from direct carriers, independent agents, and exclusive agents. Direct companies and exclusive agencies can provide rates from a single company like Progressive or Allstate, while agents who are independent can give you price quotes from multiple insurance companies. View prices
  3. Compare the new rates to your current policy and determine if there is any savings. If you find better rates and switch companies, ensure coverage does not lapse between policies.
  4. Tell your current agent or company of your intent to cancel your current auto insurance policy and submit the application along with any required down payment to the new insurer. Once coverage is bound, keep your new certificate of insurance in your glove compartment.

The key thing to remember is to make sure you're comparing similar limits and deductibles on every quote request and and to get price estimates from every insurance company. Doing this ensures the most accurate price comparison and a complete selection of prices.

We don't have to point out that fact that auto insurance companies don't want their policyholders to compare prices. People who shop around will most likely switch insurance companies because there is a significant possibility of finding a lower-cost company. A recent insurance study discovered that people who made a habit of comparing rates saved an average of $865 a year as compared to drivers who don't regularly compare prices.

If finding the lowest price for insurance is the reason you're here, then learning a little about how to choose a company and compare cheaper coverage can make shopping around easier.

There are several ways to compare quotes from many insurance companies in California. By far the easiest way to find the lowest GMC Canyon rates is to use the internet to compare rates.

Comparing free rate quotes online is easy and it, makes it obsolete to drive around to all the different insurance agencies. Comparing GMC Canyon insurance rates online makes this unnecessary unless you want the personal advice of an agent trained in personal lines coverage. It is possible with some companies get prices online but still have the advice of a local agent. Keep in mind that having more price comparisons will enable you to find the best price. Some regional insurers cannot provide online rate quotes, so it's important to compare quotes from those companies as well.

The providers in the list below are our best choices to provide free rate quotes in San Jose, CA. If more than one company is shown, we recommend you visit several of them to get the most affordable price.

Car insurance policy discounts for GMC Canyon insurance in San Jose

Some companies do not list all discounts in an easy-to-find place, so we took the time to find some of the more common as well as the least known ways to save on car insurance.Save money with discounts

  • Senior Citizen Rates - Mature drivers could receive a small decrease in premiums.
  • Discount for Swiching Early - Select insurance companies give a discount for renewing your policy before your current expiration date. It could save around 10% when you buy San Jose auto insurance online.
  • Lower Rates for Military - Having a deployed family member could trigger a small discount.
  • Anti-lock Brakes - Cars with ABS braking systems or traction control are safer to drive so companies give up to a 10% discount.
  • Multi-car Discount - Buying a policy with primary and secondary vehicles with one company can reduce rates for all insured vehicles.
  • Save with a New Car - Buying insurance coverage on a new vehicle can be considerably cheaper because new vehicles have to meet stringent safety requirements.
  • Own a Home and Save - Being a homeowner can earn you a little savings due to the fact that maintaining a home demonstrates responsibility.
  • Claim-Free Discount - Claim-free drivers have much lower rates compared to frequent claim filers.
  • Good Student Discount - Getting good grades may save you up to 25%. Many companies even apply the discount to college students until age 25.

Keep in mind that some of the credits will not apply to the entire cost. Most cut the cost of specific coverages such as liability and collision coverage. So when the math indicates adding up those discounts means a free policy, car insurance companies aren't that generous.

The information below shows the difference between GMC Canyon annual premium costs with and without some available policy discounts. The data assumes a female driver, no tickets, no at-fault accidents, California state minimum liability limits, comprehensive and collision coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, homeowner, marriage, multi-car, safe-driver, and multi-policy discounts applied.

Some companies who might offer most of the discounts above include:

Before buying, ask every prospective company how you can save money. A few discounts might not be offered on policies in San Jose. To choose companies with discount rates in California, click here to view.

Auto insurance statistics and figures

The rate table displayed below covers a range of coverage prices for GMC Canyon models. Having a good understanding how insurance prices are formulated is important for you to make smart choices when buying a policy.

GMC Canyon Insurance Rates in San Jose, CA
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Canyon SLE Regular Cab 2WD $210 $298 $578 $34 $174 $1,294 $108
Canyon SLE Ext Cab 2WD $210 $362 $578 $34 $174 $1,358 $113
Canyon SLE Ext Cab Z71 2WD $210 $362 $578 $34 $174 $1,358 $113
Canyon SLE Crew Cab 2WD $210 $362 $578 $34 $174 $1,358 $113
Canyon SLE Regular Cab 4WD $240 $298 $578 $34 $174 $1,324 $110
Canyon SLE Crew Cab Z71 2WD $240 $362 $578 $34 $174 $1,388 $116
Canyon SLT Ext Cab 2WD $240 $362 $578 $34 $174 $1,388 $116
Canyon SLE Ext Cab 4WD $240 $298 $578 $34 $174 $1,324 $110
Canyon SLT Crew Cab 2WD $240 $426 $578 $34 $174 $1,452 $121
Canyon SLE Ext Cab Z71 4WD $240 $362 $578 $34 $174 $1,388 $116
Canyon SLE Crew Cab 4WD $272 $362 $578 $34 $174 $1,420 $118
Canyon SLE Crew Cab Z71 4WD $272 $362 $578 $34 $174 $1,420 $118
Canyon SLT Crew Cab 4WD $272 $362 $578 $34 $174 $1,420 $118
Canyon SLT Ext Cab 4WD $272 $362 $578 $34 $174 $1,420 $118
Get Your Own Custom Quote Go

Data rating is based on single male driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and California minimum liability limits. Discounts applied include homeowner, multi-vehicle, safe-driver, claim-free, and multi-policy. Prices do not factor in specific location which can decrease or increase prices substantially.

Deductible analysis

A question often asked by San Jose drivers is how high should the physical damage deductibles be. The rates shown below may help to illustrate the premium difference between high and low comp and collision deductibles. The first set of prices uses a $250 deductible for comprehensive and collision coverage and the second data table uses a $500 deductible.

GMC Canyon insurance premium rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Canyon SLE Regular Cab 2WD $298 $472 $442 $26 $132 $1,395 $116
Canyon SLE Ext Cab 2WD $298 $576 $442 $26 $132 $1,499 $125
Canyon SLE Ext Cab Z71 2WD $298 $576 $442 $26 $132 $1,499 $125
Canyon SLE Crew Cab 2WD $298 $576 $442 $26 $132 $1,499 $125
Canyon SLE Regular Cab 4WD $342 $472 $442 $26 $132 $1,439 $120
Canyon SLE Crew Cab Z71 2WD $342 $576 $442 $26 $132 $1,543 $129
Canyon SLT Ext Cab 2WD $342 $576 $442 $26 $132 $1,543 $129
Canyon SLE Ext Cab 4WD $342 $472 $442 $26 $132 $1,439 $120
Canyon SLT Crew Cab 2WD $342 $678 $442 $26 $132 $1,645 $137
Canyon SLE Ext Cab Z71 4WD $342 $576 $442 $26 $132 $1,543 $129
Canyon SLE Crew Cab 4WD $386 $576 $442 $26 $132 $1,587 $132
Canyon SLE Crew Cab Z71 4WD $386 $576 $442 $26 $132 $1,587 $132
Canyon SLT Crew Cab 4WD $386 $576 $442 $26 $132 $1,587 $132
Canyon SLT Ext Cab 4WD $386 $576 $442 $26 $132 $1,587 $132
Get Your Own Custom Quote Go
GMC Canyon insurance premium rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Canyon SLE Regular Cab 2WD $242 $382 $442 $26 $132 $1,224 $102
Canyon SLE Ext Cab 2WD $242 $464 $442 $26 $132 $1,306 $109
Canyon SLE Ext Cab Z71 2WD $242 $464 $442 $26 $132 $1,306 $109
Canyon SLE Crew Cab 2WD $242 $464 $442 $26 $132 $1,306 $109
Canyon SLE Regular Cab 4WD $278 $382 $442 $26 $132 $1,260 $105
Canyon SLE Crew Cab Z71 2WD $278 $464 $442 $26 $132 $1,342 $112
Canyon SLT Ext Cab 2WD $278 $464 $442 $26 $132 $1,342 $112
Canyon SLE Ext Cab 4WD $278 $382 $442 $26 $132 $1,260 $105
Canyon SLT Crew Cab 2WD $278 $546 $442 $26 $132 $1,424 $119
Canyon SLE Ext Cab Z71 4WD $278 $464 $442 $26 $132 $1,342 $112
Canyon SLE Crew Cab 4WD $314 $464 $442 $26 $132 $1,378 $115
Canyon SLE Crew Cab Z71 4WD $314 $464 $442 $26 $132 $1,378 $115
Canyon SLT Crew Cab 4WD $314 $464 $442 $26 $132 $1,378 $115
Canyon SLT Ext Cab 4WD $314 $464 $442 $26 $132 $1,378 $115
Get Your Own Custom Quote Go

Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and California minimum liability limits. Discounts applied include homeowner, claim-free, multi-vehicle, multi-policy, and safe-driver. Table data does not factor in specific zip code location which can modify price quotes considerably.

Based on these figures, using a $250 deductible will cost in the ballpark of $16 more each month or $192 annually than opting for the higher $500 deductible. Since the policyholder would be required to pay $250 more to settle a claim with a $500 deductible as compared to a $250 deductible, if you average at least 16 months between claims, you would save money if you choose the higher deductible. Here is the way you can do this calculation yourself.

Average monthly premium for $250 deductibles: $127
Average monthly premium for $500 deductibles (subtract): - $111
Monthly savings from raising deductible: $16
Difference between deductibles ($500 - $250): $250
Divide difference by monthly savings: $250 / $16
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 16 months

One important caveat is that raising deductibles means you will have to cover more of the damage yourself if you have a claim. You need to have some savings in the bank in the event you need to pay more to get your vehicle repaired.

The chart below illustrates how your deductible choice and can increase or decrease GMC Canyon yearly insurance costs for different insured age categories. The data is based on a single male driver, comp and collision included, and no discounts are taken into consideration.

Does it make sense to buy full coverage?

The diagram below illustrates the difference between GMC Canyon premium costs with and without full coverage. The premium estimates are based on no claims or driving citations, $100 deductibles, marital status is single, and no discounts are factored in.

Deciding between full coverage and liability only

There is no definitive rule of when to eliminate full coverage on your policy, but there is a general guideline. If the yearly cost of comp and collision coverage is more than 10% of the replacement cost of your vehicle minus the policy deductible, then you might want to think about dropping full coverage.

For example, let's pretend your GMC Canyon settlement value is $5,000 and you have $1,000 policy deductibles. If your vehicle is damaged in an accident, the most you would get paid by your company is $4,000 after paying the physical damage deductible. If it's costing in excess of $400 a year for full coverage, then it could be time to drop full coverage.

There are some scenarios where dropping physical damage coverage is not advised. If you haven't paid off your loan, you have to keep full coverage in order to satisfy the requirements of the loan. Also, if your emergency fund is not enough to purchase a different vehicle in the even your car is totaled, you should keep full coverage on your policy.

How do Insurance Companies Determine GMC Canyon Insurance Rates?

Lots of things are taken into consideration when pricing auto insurance. Some are pretty understandable such as your driving history, but other criteria are less apparent like your continuous coverage or your commute time.

Shown below are some of the most rate-impacting factors companies use to determine your premiums.

Credit score impact auto insurance costs - An insured's credit history is a big factor in calculating your premium rate. Insureds that have excellent credit scores tend to be better drivers and file fewer claims than those with lower credit ratings. If your credit rating can use some improvement, you may save money insuring your GMC Canyon by repairing your credit.

Males tend to take more risk - Over time, data shows that men are more aggressive behind the wheel. The data does not necessarily mean that women are BETTER drivers than men. Women and men are in fender benders at about the same rate, but the men have accidents that have higher claims. They also receive more major tickets like driving under the influence (DUI). Males from age 16 to 21 are the most expensive to insure and are penalized with high auto insurance rates.

The chart below shows the comparison of GMC Canyon auto insurance costs for male and female drivers. The costs are based on no violations or accidents, full physical damage coverage, $100 deductibles, marital status is single, and no other discounts are factored in.

Liability protection risk factors - Your policy's liability coverage provides coverage in the event that you are ruled to be at fault for causing personal injury or damage in an accident. Liability insurance provides legal defense coverage up to the limits shown on your policy. Liability is cheap compared to other policy coverages, so do not cut corners here.

Gaps in coverage mean higher premiums - Driving any period of time without insurance is against the law and you will pay a penalty because you let your insurance expire. Not only will you pay more, getting caught without coverage will get you fines or a revoked license. Then you may be required to submit proof of financial responsibility or a SR-22 with the California motor vehicle department to get your license reinstated.

Physical damage deductibles - The deductibles are how much you are required to pay if a covered claim is submitted. Physical damage coverage, also called comprehensive and collision insurance, protects your car from damage. Some examples of covered claims are colliding with a stationary object, collision with a deer, and damage from wind. The higher the amount the insured is willing to pay, the bigger discount you will receive.

GMC Canyon claim statistics - Car insurance companies factor in insurance loss information when setting rates for each model. Models that tend to have higher claim amounts or frequency will have higher rates for specific coverages. The table below illustrates the actual insurance loss data for GMC Canyon vehicles.

For each insurance policy coverage type, the loss probability for all vehicles averaged together is set at 100. Values below 100 suggest a positive loss record, while values that are above 100 show a trend for more claims or larger claims.

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

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

What if I want to buy from local San Jose auto insurance agents?

Some consumers would prefer to sit down with an agent and we recommend doing that A nice benefit of getting online price quotes is you can get lower rates and still have a local agent.

Find insurance agent in San JoseAfter filling out this short form, your insurance data gets sent to companies in San Jose who will give competitive quotes for your car insurance coverage. You won't need to search for an agent because quoted prices will be sent to the email address you provide. You can get cheaper car insurance rates without requiring a lot of work. In the event you want to get a price quote for a specific company, you just need to visit that company's website and fill out the quote form the provide.

Selecting an provider requires you to look at more than just the bottom line cost. Agents should be asked these questions:

  • If you have an accident, are you able to get your vehicle repaired at the shop of your choice?
  • How experienced are they in personal risk management?
  • Who are their largest clients?
  • Do the coverages you're quoting properly cover your vehicle?
  • How many years have they been established?
  • By raising physical damage deductibles, how much would you save?

The best insurance company isn't always the cheapest

Affordable GMC Canyon insurance in San Jose can be found both online in addition to many San Jose insurance agents, so you need to shop San Jose auto insurance with both in order to have the best chance of saving money. Some companies don't offer online price quotes and these regional carriers work with independent agencies.

As you quote San Jose auto insurance, don't be tempted to buy lower coverage limits just to save a few bucks. There have been many situations where someone sacrificed liability coverage limits only to regret that it was a big error on their part. The aim is to get the best coverage possible for the lowest price, but don't skip important coverages to save money.

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