How to Save on Henderson GMC Canyon Insurance

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Insurance quote for GMC Canyon in HendersonThe best way to get affordable car insurance rates in Henderson is to regularly compare quotes from companies in Nevada. Prices can be compared by following these steps.

  • Step 1: Try to comprehend how car insurance works and the factors you can control to prevent expensive coverage. Many rating factors that increase rates such as inattentive driving and a poor credit score can be remedied by being financially responsible and driving safely.
  • Step 2: Request rate estimates 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 independent agents can quote rates from multiple insurance companies.
  • Step 3: Compare the price quotes to the premium of your current policy and see if you can save money. If you can save some money, make sure there is no lapse in coverage.
  • Step 4: Tell your current agent or company of your intent to cancel your current auto insurance policy and submit a signed application and payment to your new carrier. As soon as you have the new policy, put the new certificate verifying coverage in an accessible location in your vehicle.

One important bit of advice is to use similar limits and deductibles on each quote and and to get prices from as many companies as you can. Doing this helps ensure a level playing field and a complete selection of prices.

A recent study showed that almost 70% of drivers kept their policy with the same company for well over three years, and nearly half have never even shopped around for affordable coverage. Consumers in Nevada could save themselves about $500 a year just by getting comparison quotes, but most just don't grasp the large savings they would see if they changed companies.

Companies offering cheap GMC Canyon price quotes in Henderson, NV

The companies shown below can provide comparison quotes in Nevada. To buy the cheapest car insurance in Henderson, NV, we recommend you get price quotes from several of them in order to find the most competitive rates.

Analysis of coverages

The rate information displayed next covers estimates of insurance prices for GMC Canyon models. Understanding how rates are figured is important for making smart choices when purchasing an insurance policy.

GMC Canyon Insurance Rates in Henderson, NV
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Canyon SLE Regular Cab 2WD $232 $394 $308 $18 $92 $1,044 $87
Canyon SLE Ext Cab 2WD $232 $478 $308 $18 $92 $1,128 $94
Canyon SLE Ext Cab Z71 2WD $232 $478 $308 $18 $92 $1,128 $94
Canyon SLE Crew Cab 2WD $232 $478 $308 $18 $92 $1,128 $94
Canyon SLE Regular Cab 4WD $266 $394 $308 $18 $92 $1,078 $90
Canyon SLE Crew Cab Z71 2WD $266 $478 $308 $18 $92 $1,162 $97
Canyon SLT Ext Cab 2WD $266 $478 $308 $18 $92 $1,162 $97
Canyon SLE Ext Cab 4WD $266 $394 $308 $18 $92 $1,078 $90
Canyon SLT Crew Cab 2WD $266 $564 $308 $18 $92 $1,248 $104
Canyon SLE Ext Cab Z71 4WD $266 $478 $308 $18 $92 $1,162 $97
Canyon SLE Crew Cab 4WD $300 $478 $308 $18 $92 $1,196 $100
Canyon SLE Crew Cab Z71 4WD $300 $478 $308 $18 $92 $1,196 $100
Canyon SLT Crew Cab 4WD $300 $478 $308 $18 $92 $1,196 $100
Canyon SLT Ext Cab 4WD $300 $478 $308 $18 $92 $1,196 $100
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Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Nevada minimum liability limits. Discounts applied include homeowner, multi-vehicle, multi-policy, claim-free, and safe-driver. Rate information does not factor in Henderson location which can raise or lower price quotes greatly.

Should you raise deductibles?

One frequently asked question is which deductibles should you choose. The rates below can help illustrate the premium difference between low and high physical damage deductibles. The first data set uses a $100 deductible for comp and collision and the second data table uses a $1,000 deductible.

GMC Canyon insurance premium rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Canyon SLE Regular Cab 2WD $232 $394 $308 $18 $92 $1,069 $89
Canyon SLE Ext Cab 2WD $232 $478 $308 $18 $92 $1,153 $96
Canyon SLE Ext Cab Z71 2WD $232 $478 $308 $18 $92 $1,153 $96
Canyon SLE Crew Cab 2WD $232 $478 $308 $18 $92 $1,153 $96
Canyon SLE Regular Cab 4WD $266 $394 $308 $18 $92 $1,103 $92
Canyon SLE Crew Cab Z71 2WD $266 $478 $308 $18 $92 $1,187 $99
Canyon SLT Ext Cab 2WD $266 $478 $308 $18 $92 $1,187 $99
Canyon SLE Ext Cab 4WD $266 $394 $308 $18 $92 $1,103 $92
Canyon SLT Crew Cab 2WD $266 $564 $308 $18 $92 $1,273 $106
Canyon SLE Ext Cab Z71 4WD $266 $478 $308 $18 $92 $1,187 $99
Canyon SLE Crew Cab 4WD $300 $478 $308 $18 $92 $1,221 $102
Canyon SLE Crew Cab Z71 4WD $300 $478 $308 $18 $92 $1,221 $102
Canyon SLT Crew Cab 4WD $300 $478 $308 $18 $92 $1,221 $102
Canyon SLT Ext Cab 4WD $300 $478 $308 $18 $92 $1,221 $102
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GMC Canyon insurance premium rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Canyon SLE Regular Cab 2WD $128 $208 $308 $18 $92 $754 $63
Canyon SLE Ext Cab 2WD $128 $252 $308 $18 $92 $798 $67
Canyon SLE Ext Cab Z71 2WD $128 $252 $308 $18 $92 $798 $67
Canyon SLE Crew Cab 2WD $128 $252 $308 $18 $92 $798 $67
Canyon SLE Regular Cab 4WD $148 $208 $308 $18 $92 $774 $65
Canyon SLE Crew Cab Z71 2WD $148 $252 $308 $18 $92 $818 $68
Canyon SLT Ext Cab 2WD $148 $252 $308 $18 $92 $818 $68
Canyon SLE Ext Cab 4WD $148 $208 $308 $18 $92 $774 $65
Canyon SLT Crew Cab 2WD $148 $298 $308 $18 $92 $864 $72
Canyon SLE Ext Cab Z71 4WD $148 $252 $308 $18 $92 $818 $68
Canyon SLE Crew Cab 4WD $166 $252 $308 $18 $92 $836 $70
Canyon SLE Crew Cab Z71 4WD $166 $252 $308 $18 $92 $836 $70
Canyon SLT Crew Cab 4WD $166 $252 $308 $18 $92 $836 $70
Canyon SLT Ext Cab 4WD $166 $252 $308 $18 $92 $836 $70
Get Your Own Custom Quote Go

Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Nevada minimum liability limits. Discounts applied include multi-vehicle, multi-policy, claim-free, homeowner, and safe-driver. Information does not factor in vehicle location which can modify insurance rates substantially.

Based on the data above, we can derive that using a $100 deductible will cost you about $30 more each month or $360 for a full year than opting for the higher $1,000 deductible. Because you would pay $900 more out-of-pocket with a $1,000 deductible as compared to a $100 deductible, if you go more than 30 months between claim filings, you would come out ahead if you choose the higher deductible. The numbers below show how you can do this calculation yourself.

Average monthly premium for $100 deductibles: $98
Average monthly premium for $1,000 deductibles (subtract): - $68
Monthly savings from raising deductible: $30
Difference between deductibles ($1,000 - $100): $900
Divide difference by monthly savings: $900 / $30
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 30 months

An important thing to remember is that higher deductibles means you will have to cover more of the damage yourself if you have a claim. You need to make sure you have access to more funds in the event you need to pay the higher deductible in order to repair your vehicle.

The illustration below demonstrates how deductibles and can affect GMC Canyon annual premium costs for different age groups. The premiums assume a single female driver, full physical damage coverage, and no discounts are applied to the premium.

Tickets and at-fault accidents raise rates

The illustration below highlights how speeding tickets and at-fault accidents can affect GMC Canyon annual premium costs for each age group. The rates are based on a married female driver, full physical damage coverage, $100 deductibles, and no discounts are applied.

GMC Canyon full coverage rates compared to liability only

The chart below illustrates the comparison of GMC Canyon insurance costs with and without full coverage. The premiums are based on no violations or claims, $100 deductibles, drivers are not married, and no other discounts are factored in.

When to drop comprehensive and collision coverage

There is no exact rule to eliminate full coverage on your policy, but there is a general convention. If the annual cost of comprehensive and collision coverage is more than 10% of the vehicle's replacement cost less your deductible, then it could be time to drop full coverage.

For example, let's pretend your GMC Canyon settlement value is $9,000 and you have $1,000 deductibles. If your vehicle is damaged in an accident, the most you would receive is $8,000 after paying your policy deductible. If premiums are more than $800 a year for physical damage coverage, then it's probably a good time to buy liability coverage only.

There are some scenarios where removing full coverage is not recommended. If you haven't satisfied your loan, you are required to maintain full coverage in order to prevent your loan from defaulting. Also, if you cannot afford to purchase a different vehicle if your current one is in an accident, you should not opt for liability only.

Discounts can help to save on GMC Canyon insurance in Henderson

Not too many consumers would say auto insurance is affordable, but there could be significant discounts that you may not know about. Many of these discounts will be applied automatically at the time of quoting, but some may not be applied and must be specifically requested before being credited.

  • Driving Data Discount - Henderson drivers who agree to allow their insurance company to spy on driving habits by using a telematics device in their vehicle such as Drivewise from Allstate or Snapshot from Progressive could save a few bucks as long as they are good drivers.
  • Online Discount - A few insurance companies give back up to $50 for buying your policy on the internet.
  • Senior Citizen Rates - Mature drivers can possibly qualify for lower premium rates.
  • Pay Early and Save - By making one initial payment instead of monthly or quarterly installments you could save 5% or more.
  • Henderson Homeowners Discount - Just being a homeowner may earn you a small savings since home ownership requires a higher level of personal finance.
  • Discount for Multiple Policies - If you can bundle your auto and home insurance and place coverage with the same company you may earn 10% to 20% off each policy.

It's important to note that most of the big mark downs will not be given to the overall cost of the policy. Most cut the price of certain insurance coverages like liability and collision coverage. So despite the fact that it appears all the discounts add up to a free policy, auto insurance companies aren't that generous. Any qualifying discounts will reduce the amount you have to pay.

The information below illustrates the comparison of GMC Canyon insurance premiums with and without discounts applied to the policy rates. The data is based on a male driver, no tickets, no at-fault accidents, Nevada state minimum liability limits, comprehensive and collision coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, marriage, multi-car, safe-driver, multi-policy, and claim-free discounts applied.

The best auto insurance companies and some of the premium reductions they offer include:

  • State Farm may have discounts that include good student, student away at school, accident-free, safe vehicle, driver's education, and Steer Clear safe driver discount.
  • American Family has savings for accident-free, defensive driver, bundled insurance, air bags, and good student.
  • AAA policyholders can earn discounts including good driver, pay-in-full, AAA membership discount, anti-theft, and multi-policy.
  • GEICO includes discounts for membership and employees, defensive driver, driver training, multi-vehicle, and military active duty.
  • Mercury Insurance has discounts for professional/association, multi-car, location of vehicle, anti-theft, and good driver.
  • Farmers Insurance offers discounts including electronic funds transfer, teen driver, business and professional, bundle discounts, and mature driver.
  • Progressive may offer discounts for multi-policy, online quote discount, homeowner, good student, and multi-vehicle.

Check with each company which discounts can lower your rates. A few discounts may not apply in Henderson. To see insurance companies offering auto insurance discounts in Henderson, click this link.

Buying from car insurance agents

Some people prefer to go talk to an agent and there is nothing wrong with that. Good insurance agents are trained to spot inefficiencies and will help you if you have claims. One of the great benefits of comparing auto insurance online is you may find cheaper prices and still choose a local agent.

To find an agent, once you fill out this simple form, your insurance data is instantly submitted to agents in your area who want to provide quotes for your auto insurance coverage. There is no reason to do any legwork since rate quotes are delivered directly to you. If you need to compare rates from one company in particular, just go to their quote page and give them your coverage information.

Picking an provider is decision based upon more than just the bottom line cost. Here are some questions you might want to ask.

  • Do they have 24-hour customer assistance?
  • Are they giving you every discount you deserve?
  • How long has their agency been open in Henderson?
  • How many companies do they write for?
  • Will your rates increase after a single accident?
  • In the event of vehicle damage, can you pick the collision repair facility?
  • Are they in the agency full-time?
  • Where are claims handled?

After you get positive responses and locked in a price quote, you may have just found an insurance company that is reputable and can properly service your auto insurance policy.

Best auto insurance in Henderson

Choosing a highly-rated insurance provider can be challenging considering how many companies there are to choose from in Henderson. The company ratings displayed below can help you decide which car insurance providers you want to consider purchasing coverage from.

Top 10 Henderson Car Insurance Companies Ranked by Claims Service

  1. State Farm
  2. Esurance
  3. AAA Insurance
  4. Progressive
  5. Liberty Mutual
  6. GEICO
  7. Allstate
  8. Titan Insurance
  9. The Hartford
  10. Mercury Insurance

Persistent drivers can save

When trying to cut insurance costs, it's not a good idea to skimp on coverage in order to save money. In many cases, someone sacrificed full coverage only to regret that it was a big mistake. The proper strategy is to get the best coverage possible at a price you can afford but still have enough coverage for asset protection.

In this article, we presented many ways to find lower-cost GMC Canyon insurance in Henderson. The key thing to remember is the more price quotes you have, the higher the chance of saving money. You may even be surprised to find that the biggest savings come from a lesser-known regional company. These companies may often insure only within specific states and give better rates as compared to the big name companies such as Allstate and Progressive.

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