Do you need a better way to compare more competitive auto insurance rates in Cincinnati, OH? Cincinnati shoppers have many options when shopping for low-cost GMC Canyon insurance. You can either waste hours struggling with agents trying to get quotes or utilize the internet to find the lowest rates. There are more efficient ways to shop for auto insurance and we’ll show you the best way to get price quotes for your GMC and obtain the cheapest rates from both online companies and Cincinnati agents.
A recent study showed that most auto insurance buyers kept their coverage with the same auto insurance company for four years or more, and nearly the majority have never quoted rates to find lower-cost coverage. Many drivers in Cincinnati can save as much as 55% each year by just comparing rate quotes, but they underestimate the actual amount they would save if they switched to a more affordable policy.
It is always a good idea to quote other rates every six months because insurance prices trend upward over time. Even if you think you had the best rate on GMC Canyon insurance in Cincinnati last year you may be paying too much now. There is lot of inaccurate information about Canyon insurance on the web, but in a few minutes you can learn some great ideas on how to lower your auto insurance rates in Cincinnati.
Why Your Insurance Rates might be higher
Lots of factors are part of the equation when pricing auto insurance. Some of the criteria are obvious like your driving record, but other criteria are not as apparent such as your credit history and annual miles driven.
The factors shown below are some of the items that factor into your prices.
- Annual miles is a factor – The higher the mileage driven every year the more you’ll pay to insure it. Most insurance companies charge to insure your cars based upon how the vehicle is primarily used. Cars and trucks that are left in the garage qualify for better rates compared to those used for work or business. It’s a good idea to make sure your insurance coverage is rated on the right rating data. An improperly rated Canyon is just wasting money.
- Married people drive safer – Being married helps lower the price compared to being single. It is viewed as being more financially stable and insurance companies reward insureds because married drivers tend to file fewer claims.
Men pay more for insurance – The statistics show women are more cautious behind the wheel. However, don’t assume that men are WORSE drivers than women. Women and men cause accidents in similar percentages, but the males tend to have more serious accidents. Men also tend to receive more costly citations such as driving while intoxicated (DWI) or driving recklessly.
The information below visualizes the comparison of GMC Canyon premium costs for male and female drivers. Data assumes a clean driving record, no claims, comp and collision included, $500 deductibles, single status, and no policy discounts are applied.
- Minor frequent insurance claims are not good – Insurance companies in Ohio award lower rates to people who are not frequent claim filers. If you tend to file frequent claims, you can pretty much guarantee much higher rates or policy non-renewal. Your car insurance is meant to be used in the event of major claims that would cause financial hardship.
Traffic violations cost more than a fine – Only having one citation may cause rates to rise to the point where it’s not affordable. Good drivers get better rates compared to drivers with tickets. Drivers who have received dangerous tickets such as hit and run, DWI or reckless driving convictions may find they need to prove financial responsibility with their state’s licensing department in order to prevent a license revocation.
The chart below illustrates how violations and at-fault accidents increase GMC Canyon auto insurance costs for different categories of driver ages. Data assumes a married male driver, comp and collision included, $100 deductibles, and no additional discounts are factored in.
Insurance losses for a GMC Canyon – Insurance companies take into consideration historical loss data for every vehicle to calculate a rate that will offset losses. Models that have increased claim numbers or amounts will have a higher premium rate.
The table below illustrates the actual insurance loss data for GMC Canyon vehicles. For each coverage category, the statistical loss for all vehicles averaged together is a value of 100. Percentage values below 100 suggest a better than average loss history, while values over 100 point to more claims or tendency to have higher losses.
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 71BETTERAVERAGEWORSE
Empty fields indicate not enough data collected
Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
How to compare Cincinnati GMC Canyon insurance price quotes
Most of the larger companies like State Farm and Allstate allow you to get coverage price quotes online. Getting online rates for GMC Canyon insurance in Cincinnati can be done by anyone as you simply enter your personal and coverage information into a form. After you submit the form the company’s rating system makes automated requests for your driving record and credit report and returns a price quote based on the data you entered.
Using the web to get quotes for GMC Canyon insurance in Cincinnati makes comparing rates easy, and it is imperative to have as many quotes as possible in order to find the lowest payment possible.
To save time and compare rates using this form now, compare rates now from the companies shown below. If you have a policy now, it’s recommended you complete the form with deductibles and limits as close as possible to your current policy. This ensures you will get a rate comparison based on the exact same insurance coverage.
The auto insurance companies shown below are our best choices to provide free rate quotes in Cincinnati, OH. To find cheap car insurance in Cincinnati, it’s a good idea that you visit as many as you can to find the most competitive auto insurance rates.
Rate information and statistics
The rate table shown below covers detailed analysis of insurance premium costs for GMC Canyon models. Being able to understand how rate quotes are calculated can help guide drivers when making decisions on which coverage to buy.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Canyon SLE Regular Cab 2WD||$132||$246||$218||$12||$66||$674||$56|
|Canyon SLE Ext Cab 2WD||$132||$300||$218||$12||$66||$728||$61|
|Canyon SLE Ext Cab Z71 2WD||$132||$300||$218||$12||$66||$728||$61|
|Canyon SLE Crew Cab 2WD||$132||$300||$218||$12||$66||$728||$61|
|Canyon SLE Regular Cab 4WD||$152||$246||$218||$12||$66||$694||$58|
|Canyon SLE Crew Cab Z71 2WD||$152||$300||$218||$12||$66||$748||$62|
|Canyon SLT Ext Cab 2WD||$152||$300||$218||$12||$66||$748||$62|
|Canyon SLE Ext Cab 4WD||$152||$246||$218||$12||$66||$694||$58|
|Canyon SLT Crew Cab 2WD||$152||$354||$218||$12||$66||$802||$67|
|Canyon SLE Ext Cab Z71 4WD||$152||$300||$218||$12||$66||$748||$62|
|Canyon SLE Crew Cab 4WD||$172||$300||$218||$12||$66||$768||$64|
|Canyon SLE Crew Cab Z71 4WD||$172||$300||$218||$12||$66||$768||$64|
|Canyon SLT Crew Cab 4WD||$172||$300||$218||$12||$66||$768||$64|
|Canyon SLT Ext Cab 4WD||$172||$300||$218||$12||$66||$768||$64|
|Get Your Own Custom Quote Go|
Above prices assume married male driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Ohio minimum liability limits. Discounts applied include multi-policy, homeowner, safe-driver, multi-vehicle, and claim-free. Estimates do not factor in specific location information which can alter rates significantly.
The hardest decision when buying coverage is which deductibles should you choose. The rates shown below may aid in understanding the rate fluctuation when you select higher and lower comp and collision deductibles. The first table uses a $250 deductible and the second data table uses a $1,000 deductible.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Canyon SLE Regular Cab 2WD||$152||$242||$226||$14||$68||$727||$61|
|Canyon SLE Ext Cab 2WD||$152||$296||$226||$14||$68||$781||$65|
|Canyon SLE Ext Cab Z71 2WD||$152||$296||$226||$14||$68||$781||$65|
|Canyon SLE Crew Cab 2WD||$152||$296||$226||$14||$68||$781||$65|
|Canyon SLE Regular Cab 4WD||$176||$242||$226||$14||$68||$751||$63|
|Canyon SLE Crew Cab Z71 2WD||$176||$296||$226||$14||$68||$805||$67|
|Canyon SLT Ext Cab 2WD||$176||$296||$226||$14||$68||$805||$67|
|Canyon SLE Ext Cab 4WD||$176||$242||$226||$14||$68||$751||$63|
|Canyon SLT Crew Cab 2WD||$176||$348||$226||$14||$68||$857||$71|
|Canyon SLE Ext Cab Z71 4WD||$176||$296||$226||$14||$68||$805||$67|
|Canyon SLE Crew Cab 4WD||$198||$296||$226||$14||$68||$827||$69|
|Canyon SLE Crew Cab Z71 4WD||$198||$296||$226||$14||$68||$827||$69|
|Canyon SLT Crew Cab 4WD||$198||$296||$226||$14||$68||$827||$69|
|Canyon SLT Ext Cab 4WD||$198||$296||$226||$14||$68||$827||$69|
|Get Your Own Custom Quote Go|
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Canyon SLE Regular Cab 2WD||$94||$152||$226||$14||$68||$554||$46|
|Canyon SLE Ext Cab 2WD||$94||$186||$226||$14||$68||$588||$49|
|Canyon SLE Ext Cab Z71 2WD||$94||$186||$226||$14||$68||$588||$49|
|Canyon SLE Crew Cab 2WD||$94||$186||$226||$14||$68||$588||$49|
|Canyon SLE Regular Cab 4WD||$108||$152||$226||$14||$68||$568||$47|
|Canyon SLE Crew Cab Z71 2WD||$108||$186||$226||$14||$68||$602||$50|
|Canyon SLT Ext Cab 2WD||$108||$186||$226||$14||$68||$602||$50|
|Canyon SLE Ext Cab 4WD||$108||$152||$226||$14||$68||$568||$47|
|Canyon SLT Crew Cab 2WD||$108||$220||$226||$14||$68||$636||$53|
|Canyon SLE Ext Cab Z71 4WD||$108||$186||$226||$14||$68||$602||$50|
|Canyon SLE Crew Cab 4WD||$122||$186||$226||$14||$68||$616||$51|
|Canyon SLE Crew Cab Z71 4WD||$122||$186||$226||$14||$68||$616||$51|
|Canyon SLT Crew Cab 4WD||$122||$186||$226||$14||$68||$616||$51|
|Canyon SLT Ext Cab 4WD||$122||$186||$226||$14||$68||$616||$51|
|Get Your Own Custom Quote Go|
Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Ohio minimum liability limits. Discounts applied include safe-driver, multi-policy, multi-vehicle, homeowner, and claim-free. Premium costs do not factor in vehicle garaging location which can influence insurance rates substantially.
We can estimate from the data above that using a $250 deductible costs roughly $16 more each month or $192 annually than opting for the higher $1,000 deductible. Due to the fact that you would have to pay $750 more out of your own pocket with a $1,000 deductible as compared to a $250 deductible, if you go more than 47 months between claims, you would more than likely save some money if you choose a higher deductible. The illustration below shows a better example of how you can make your own decision.
|Average monthly premium for $250 deductibles:||$66|
|Average monthly premium for $1,000 deductibles (subtract):||– $50|
|Monthly savings from raising deductible:||$16|
|Difference between deductibles ($1,000 – $250):||$750|
|Divide difference by monthly savings:||$750 / $16|
|Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible||47 months|
An important thing to remember is that raising deductibles to save money means you will have to pay more out-of-pocket when you have a claim. That will necessitate enough disposable savings in order to pay more for the deductible.
The example below shows how choosing a deductible and can raise or lower GMC Canyon yearly insurance costs for each different age group. The information is based on a single male driver, comprehensive and collision coverage, and no other discounts are factored in.
Comparison of full coverage and liability-only policies
The information below shows the difference between GMC Canyon premium costs with liability coverage only compared to full coverage. Data assumes no tickets, no at-fault accidents, $250 deductibles, drivers are single, and no additional discounts are factored in.
When to stop buying comprehensive and collision coverage
There is no set guideline for eliminating physical damage coverage on your policy, but there is a general guideline. If the yearly cost for physical damage coverage is more than 10% of the replacement cost minus the deductible, then you might consider buying liability only.
For example, let’s say your GMC Canyon settlement value is $9,000 and you have $1,000 full coverage deductibles. If your vehicle is severely damaged, the most you would get paid by your company is $8,000 after the policy deductible has been paid. If premium cost is more than $800 annually for comprehensive and collision coverage, then you might consider buying liability only.
There are a few situations where removing full coverage is not a good idea. If you haven’t paid off your loan, you must maintain physical damage coverage as part of the loan requirements. Also, if you cannot afford to purchase a different vehicle if your current one is in an accident, you should not consider dropping full coverage.
Insuring your GMC Canyon just makes sense
Despite the fact that auto insurance is not cheap in Cincinnati, paying for auto insurance may be mandatory for several reasons.
- The majority of states have minimum liability requirements which means you are required to carry a specific minimum amount of liability insurance coverage in order to license the vehicle. In Ohio these limits are 25/50/25 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
- If you bought your GMC with a loan, most banks will force you to have comprehensive coverage to ensure the loan is repaid in case of a total loss. If you do not pay your insurance premiums, the bank or lender will purchase a policy for your GMC at a significantly higher premium and make you pay the higher premium.
- Auto insurance protects both your vehicle and your assets. It will also reimburse you for medical bills for yourself as well as anyone injured by you. Liability insurance will also pay attorney fees if you cause an accident and are sued. If your vehicle suffers damage from an accident or hail, comprehensive and/or collision insurance will pay all costs to repair after the deductible has been paid.
The benefits of insuring your Canyon definitely exceed the price paid, particularly if you ever have a claim. As of last year, the average driver in Ohio overpays as much as $800 each year so it’s very important to do a rate comparison at every policy renewal to ensure rates are inline.
Don’t overlook these GMC Canyon insurance discounts
Insuring your fleet can be pricey, but you may find discounts that you may not even be aware of. A few discounts will automatically apply when you purchase, but some discounts are required to be asked for before you will receive the discount.
- Membership in Organizations – Belonging to certain professional organizations is a good way to get lower rates on your next renewal.
- Theft Prevention System – Vehicles that have factory alarm systems and tracking devices are stolen with less frequency and can earn a small discount on your policy.
- Onboard Data Collection – Cincinnati drivers who agree to allow companies to track driving manner through the use of a telematics system such as Progressive’s Snapshot may get a rate reduction if they are good drivers.
- Safe Driver Discount – Accident-free drivers can pay as much as 50% less than drivers with accidents.
- 55 and Retired – Drivers that qualify as senior citizens can get better car insurance rates.
- Good Student – A discount for being a good student may save as much as 25% on a Cincinnati auto insurance quote. Earning this discount can benefit you up until you turn 25.
- Use Seat Belts – Drivers who require all vehicle occupants to buckle up before driving can save 10% or more off PIP or medical payments premium.
- Accident Free – Good drivers with no accidents pay much less in comparison to bad drivers.
- Government Employees – Being employed by or retired from a federal job could provide a small rate reduction with certain companies.
One thing to note about discounts is that some of the credits will not apply to your bottom line cost. Most only reduce the cost of specific coverages such as liability, collision or medical payments. So despite the fact that it appears you could get a free car insurance policy, it’s just not the way it works. Any qualifying discounts should definitely cut your policy premium.
The information below illustrates the difference between GMC Canyon annual premium costs with and without policy discounts. The data assumes a male driver, no claims or driving citations, Ohio state minimum liability limits, full physical damage coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, multi-car, safe-driver, multi-policy, marriage, and claim-free discounts applied.
A few popular companies and the discounts they provide are included below.
- State Farm may have discounts that include defensive driving training, driver’s education, good driver, Drive Safe & Save, accident-free, and student away at school.
- GEICO offers discounts for driver training, federal employee, defensive driver, five-year accident-free, membership and employees, emergency military deployment, and military active duty.
- Liberty Mutual discounts include newly retired, teen driver discount, newly married, new graduate, and preferred payment discount.
- The Hartford offers discounts including air bag, defensive driver, good student, vehicle fuel type, and driver training.
- MetLife has discounts for good driver, multi-policy, defensive driver, good student, claim-free, and accident-free.
- Progressive has savings for good student, continuous coverage, homeowner, multi-vehicle, multi-policy, and online quote discount.
If you want low cost Cincinnati auto insurance quotes, ask every company which discounts can lower your rates. A few discounts might not be offered on policies in Cincinnati. To find providers with discount rates in Cincinnati, follow this link.
What if I want to buy from local Cincinnati insurance agents?
A small number of people just want to sit down and talk to an agent. Good insurance agents are trained to spot inefficiencies and help file insurance claims. The best thing about getting online price quotes is the fact that drivers can get better rates and still have a local agent.
Upon completion of this form (opens in new window), your information is sent to local insurance agents in Cincinnati who will return price quotes to get your business. It’s much easier because you don’t need to contact any agents as quotes are delivered directly to you. If you have a need to get a rate quote from a particular provider, feel free to visit that company’s website to submit a rate quote request.
Finding the right company is decision based upon more than just a low price. Below are some questions you should ask.
- Are they able to influence company decisions when a claim is filed?
- Do the agents have professional certifications like CPCU or CIC?
- Is there any savings for paying the full premium?
- Will the company cover a rental car if your car is getting fixed?
- Are aftermarket or OEM parts used to repair vehicles?
- What is the agency’s Better Business Bureau rating?
- How long have they been in business?
The following is a short list of insurers in Cincinnati that can give you price quotes for GMC Canyon insurance in Cincinnati.
- Hettesheimer Insurance Agency Inc.
3254 Montana Ave #1000 – Cincinnati, OH 45211 – (513) 661-7581 – View Map
- Dennis Howard – State Farm Insurance Agent
309 W Kemper Rd – Cincinnati, OH 45246 – (513) 771-1436 – View Map
- R G Mc Graw Insurance Inc
324 E 4th St – Cincinnati, OH 45202 – (513) 381-7881 – View Map
- Nancy Hughett – State Farm Insurance Agent
2306 W Galbraith Rd – Cincinnati, OH 45239 – (513) 522-9343 – View Map
Upon receiving good answers to these questions and low cost GMC Canyon insurance quotes, it’s possible that you found a company that meets the criteria to properly insure your vehicles.
How do I know if I need professional advice?
When it comes to insurance from an agent or online for your vehicles, there isn’t really a best way to insure your cars. Every situation is different.
These are some specific questions can aid in determining if you may require specific advice.
- Should I bundle my homeowners policy with my auto?
- Will my insurance pay for OEM parts?
- What can I do if my company denied a claim?
- How much will a speeding ticket raise my rates?
- Should I sign the liability waiver when renting a car?
- What if a claim settlement is too low?
- Can I get by with minimal medical coverage if I have good health insurance?
- What are the financial responsibility laws in my state?
- What exactly is covered by my policy?
If you can’t answer these questions but one or more may apply to you, you might consider talking to a licensed insurance agent. If you don’t have a local agent, simply complete this short form. It’s fast, free and can help protect your family.
In the end, you can save money
You just learned some good ideas how to get a better price on GMC Canyon insurance in Cincinnati. The most important thing to understand is the more providers you compare, the better your comparison will be. Drivers may even discover the lowest prices come from a small mutual company.
When buying insurance coverage, it’s very important that you do not buy less coverage just to save a little money. There are a lot of situations where an insured cut physical damage coverage and found out when filing a claim that it was a big mistake. Your focus should be to purchase a proper amount of coverage at the best possible price, but do not skimp to save money.
Cost effective GMC Canyon insurance can be sourced online and from local agencies, so you need to shop Cincinnati auto insurance with both so you have a total pricing picture. There are still a few companies who do not offer online price quotes and most of the time these regional carriers only sell through local independent agents.
Steps to finding affordable GMC Canyon insurance in Cincinnati
The best way we recommend to find cheaper auto insurance rates is to annually compare prices from insurers who provide auto insurance in Cincinnati.
- Try to learn a little about car insurance and the measures you can control to prevent expensive coverage. Many risk factors that result in higher prices like tickets, at-fault accidents, and a lousy credit rating can be improved by making small lifestyle or driving habit changes.
- Get rate quotes from exclusive agents, independent agents, and direct providers. Exclusive agents and direct companies can only provide price estimates from one company like Progressive or Allstate, while agents who are independent can give you price quotes for a wide range of insurance providers. View insurance agents
- Compare the new quotes to your current policy and see if you can save money. If you find better rates and make a switch, verify that coverage does not lapse between policies.
A good piece of advice is to try to use the same physical damage deductibles and liability limits on every quote request and and to get rate quotes from every insurance company. This helps ensure the most accurate price comparison and a thorough selection of prices.
For more information, feel free to visit these articles:
- Five Mistakes to Avoid (Insurance Information Institute)
- How Much are Cincinnati Auto Insurance Rates for 18 Year Olds? (FAQ)
- What Insurance is Cheapest for Real Estate Agents in Cincinnati? (FAQ)
- How Much is Cincinnati Auto Insurance for a Toyota Highlander? (FAQ)
- How Much is Cincinnati Auto Insurance for Used Cars? (FAQ)
- Booster Seat Ratings (iihs.org)
- What is Covered by GAP Insurance? (Allstate)
- Protect Yourself Against Auto Theft (Insurance Information Institute)
- Auto Crash Statistics (Insurance Information Institute)