2004 GMC Canyon Insurance Rates – 10 Tricks for Best Quotes

Shopping for car insurance is not a process drivers love to do, but it’s required in every state to legally drive.

It is always a good idea to shop coverage around quite often since rates tend to go up over time. Just because you found the lowest rates for Canyon coverage a few years ago you will most likely find a better rate today. Ignore everything you know about auto insurance because we’re going to demonstrate one of the best ways to eliminate unnecessary coverages and save money.

If you currently have a car insurance policy, you will be able to cut costs considerably using this information. The purpose of this post is to help educate you on how to effectively get price quotes and some tips to save money. But vehicle owners do need to understand the way companies price insurance differently and take advantage of how the system works.

Save with discounts on GMC Canyon insurance

Companies that sell car insurance don’t list every discount in an easy-to-find place, so we took the time to find some of the more common and the more hidden discounts you could be receiving.

  • Multiple Policy Discount – When you combine your home and auto insurance with one insurance company you could get a discount of at least 10% off all policies.
  • Good Student – Getting good grades can earn a discount of 20% or more. The discount lasts up to age 25.
  • New Car Discount – Adding a new car to your policy is cheaper since new cars are generally safer.
  • College Student – Any of your kids who attend school more than 100 miles from home without a vehicle on campus can receive lower rates.
  • Sign Online – A few companies will give a small break for buying your policy on their website.
  • Life Insurance – Some companies give lower rates if you buy life insurance from them.
  • Use Seat Belts – Buckling up and requiring all passengers to buckle their seat belts can save 10% or more off the personal injury premium cost.
  • Low Mileage Discounts – Driving fewer miles could qualify for better rates on cars that stay parked.
  • Safe Driver Discount – Drivers who don’t get into accidents may receive a discount up to 45% less for Canyon coverage than drivers with accident claims.
  • Anti-lock Brake System – Vehicles with anti-lock braking systems prevent accidents and therefore earn up to a 10% discount.

As a disclaimer on discounts, some of the credits will not apply to the entire cost. Some only reduce the price of certain insurance coverages like comp or med pay. Even though it may seem like it’s possible to get free car insurance, you’re out of luck.

To see a list of companies who offer car insurance discounts, follow this link.

Tailor your coverage to you

When choosing adequate coverage, there isn’t really a perfect coverage plan. Your needs are not the same as everyone else’s.

For instance, these questions might point out whether you may require specific advice.

  • Am I covered if I hit a deer?
  • I don’t drive much so do I pay less?
  • Is my babysitter covered when using my vehicle?
  • Does insurance cover tools stolen from my truck?
  • How many claims can I have before being cancelled?
  • What if I don’t agree with a claim settlement offer?
  • Do I need medical payments coverage since I have good health insurance?

If you can’t answer these questions but one or more may apply to you then you might want to talk to a licensed insurance agent. If you don’t have a local agent, complete this form.

Insurance specifics

Having a good grasp of your policy can help you determine the best coverages at the best deductibles and correct limits. The coverage terms in a policy can be ambiguous and coverage can change by endorsement.

Medical payments coverage and PIP

Personal Injury Protection (PIP) and medical payments coverage provide coverage for bills like X-ray expenses, surgery and chiropractic care. They are often used to fill the gap from your health insurance program or if you do not have health coverage. They cover both the driver and occupants in addition to being hit by a car walking across the street. PIP is only offered in select states and gives slightly broader coverage than med pay

Uninsured/Underinsured Motorist coverage

This coverage provides protection when the “other guys” either have no liability insurance or not enough. This coverage pays for hospital bills for your injuries and also any damage incurred to your 2004 GMC Canyon.

Since many drivers carry very low liability coverage limits, their limits can quickly be used up. This is the reason having UM/UIM coverage is a good idea.

Auto collision coverage

This pays to fix your vehicle from damage from colliding with a stationary object or other vehicle. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision coverage pays for things like colliding with another moving vehicle, sustaining damage from a pot hole, crashing into a ditch and colliding with a tree. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from lower value vehicles. Another option is to increase the deductible in order to get cheaper collision rates.

Comprehensive coverage

Comprehensive insurance will pay to fix damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible then your comprehensive coverage will pay.

Comprehensive coverage protects against things like damage from a tornado or hurricane, falling objects, vandalism and a tree branch falling on your vehicle. The maximum amount your insurance company will pay is the actual cash value, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

Auto liability insurance

This coverage provides protection from damages or injuries you inflict on other’s property or people in an accident. This insurance protects YOU against claims from other people, and does not provide coverage for your injuries or vehicle damage.

It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see values of 100/300/100 that means you have a $100,000 limit per person for injuries, a limit of $300,000 in injury protection per accident, and $100,000 of coverage for damaged propery.

Liability coverage pays for things such as loss of income, funeral expenses, medical services and emergency aid. How much coverage you buy is your choice, but consider buying higher limits if possible.

Shop Smart and Save

People switch companies for any number of reasons including unfair underwriting practices, policy non-renewal, lack of trust in their agent and even delays in responding to claim requests. No matter why you want to switch, switching companies is not as hard as you think.

We covered many tips how you can save on 2004 GMC Canyon insurance. The key concept to understand is the more price quotes you have, the higher your chance of finding lower rates. You may even find the lowest premiums are with the least-expected company.

While you’re price shopping online, it’s very important that you do not buy lower coverage limits just to save a few bucks. Too many times, someone sacrificed uninsured motorist or liability limits only to regret that the savings was not a smart move. The proper strategy is to get the best coverage possible at an affordable rate, not the least amount of coverage.

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