Best Ways to Save on New Orleans GMC Canyon Insurance

Discount GMC Canyon insuranceTruthfully, the best way to find the cheapest price for GMC Canyon insurance is to begin comparing prices regularly from insurers who provide car insurance in New Orleans. You can compare prices by completing these steps.

The most important part of shopping around is to make sure you enter the same deductibles and limits on every quote request and and to get rates from every insurance company. Doing this guarantees a level playing field and and a good selection of different prices.

Everyone knows that insurance companies don’t want you to compare rates. Insureds who do rate comparisons are inclined to buy a different policy because there is a high probability of finding a policy with better rates. A recent auto insurance study revealed that drivers who shopped around annually saved as much as $865 a year compared to drivers who never shopped around for cheaper prices.

If finding the best rates on insurance in New Orleans is your ultimate goal, learning how to shop and compare car insurance can help make the process easier and more efficient.

If you have a policy now or just want cheaper coverage, you can use this information to lower your rates and possibly find even better coverage. Finding the cheapest insurance coverage in New Orleans can really be easy if you know what you’re doing. Shoppers just need to learn the most time-saving way to compare company rates online from multiple companies.

The companies shown below are our best choices to provide free quotes in Louisiana. To get cheap auto insurance in New Orleans, it’s highly recommended you visit several of them to get the most affordable price.

GMC Canyon insurance rates and statistics

The coverage information displayed next covers a range of insurance rates for GMC Canyon models. Understanding more about how policy premiums are formulated can help guide drivers when making informed coverage decisions.

GMC Canyon Insurance Rates in New Orleans, LA
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Canyon SLE Regular Cab 2WD $194 $312 $464 $28 $140 $1,138 $95
Canyon SLE Ext Cab 2WD $194 $380 $464 $28 $140 $1,206 $101
Canyon SLE Ext Cab Z71 2WD $194 $380 $464 $28 $140 $1,206 $101
Canyon SLE Crew Cab 2WD $194 $380 $464 $28 $140 $1,206 $101
Canyon SLE Regular Cab 4WD $222 $312 $464 $28 $140 $1,166 $97
Canyon SLE Crew Cab Z71 2WD $222 $380 $464 $28 $140 $1,234 $103
Canyon SLT Ext Cab 2WD $222 $380 $464 $28 $140 $1,234 $103
Canyon SLE Ext Cab 4WD $222 $312 $464 $28 $140 $1,166 $97
Canyon SLT Crew Cab 2WD $222 $448 $464 $28 $140 $1,302 $109
Canyon SLE Ext Cab Z71 4WD $222 $380 $464 $28 $140 $1,234 $103
Canyon SLE Crew Cab 4WD $250 $380 $464 $28 $140 $1,262 $105
Canyon SLE Crew Cab Z71 4WD $250 $380 $464 $28 $140 $1,262 $105
Canyon SLT Crew Cab 4WD $250 $380 $464 $28 $140 $1,262 $105
Canyon SLT Ext Cab 4WD $250 $380 $464 $28 $140 $1,262 $105
Get Your Own Custom Quote Go

Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Louisiana minimum liability limits. Discounts applied include multi-vehicle, safe-driver, multi-policy, homeowner, and claim-free. Premium amounts do not factor in specific location information which can affect coverage prices noticeably.

Physical damage deductible comparison

One common question asked by New Orleans drivers is the level to set your comp and collision deductibles. The rates below can help you understand the differences in price between low and high policy deductibles. The first set of rates uses a $250 comprehensive and collision deductible and the second pricing table uses a $1,000 deductible.

GMC Canyon insurance premium estimates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Canyon SLE Regular Cab 2WD $312 $498 $464 $28 $140 $1,467 $122
Canyon SLE Ext Cab 2WD $312 $604 $464 $28 $140 $1,573 $131
Canyon SLE Ext Cab Z71 2WD $312 $604 $464 $28 $140 $1,573 $131
Canyon SLE Crew Cab 2WD $312 $604 $464 $28 $140 $1,573 $131
Canyon SLE Regular Cab 4WD $358 $498 $464 $28 $140 $1,513 $126
Canyon SLE Crew Cab Z71 2WD $358 $604 $464 $28 $140 $1,619 $135
Canyon SLT Ext Cab 2WD $358 $604 $464 $28 $140 $1,619 $135
Canyon SLE Ext Cab 4WD $358 $498 $464 $28 $140 $1,513 $126
Canyon SLT Crew Cab 2WD $358 $712 $464 $28 $140 $1,727 $144
Canyon SLE Ext Cab Z71 4WD $358 $604 $464 $28 $140 $1,619 $135
Canyon SLE Crew Cab 4WD $406 $604 $464 $28 $140 $1,667 $139
Canyon SLE Crew Cab Z71 4WD $406 $604 $464 $28 $140 $1,667 $139
Canyon SLT Crew Cab 4WD $406 $604 $464 $28 $140 $1,667 $139
Canyon SLT Ext Cab 4WD $406 $604 $464 $28 $140 $1,667 $139
Get Your Own Custom Quote Go

GMC Canyon insurance premium estimates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Canyon SLE Regular Cab 2WD $194 $312 $464 $28 $140 $1,138 $95
Canyon SLE Ext Cab 2WD $194 $380 $464 $28 $140 $1,206 $101
Canyon SLE Ext Cab Z71 2WD $194 $380 $464 $28 $140 $1,206 $101
Canyon SLE Crew Cab 2WD $194 $380 $464 $28 $140 $1,206 $101
Canyon SLE Regular Cab 4WD $222 $312 $464 $28 $140 $1,166 $97
Canyon SLE Crew Cab Z71 2WD $222 $380 $464 $28 $140 $1,234 $103
Canyon SLT Ext Cab 2WD $222 $380 $464 $28 $140 $1,234 $103
Canyon SLE Ext Cab 4WD $222 $312 $464 $28 $140 $1,166 $97
Canyon SLT Crew Cab 2WD $222 $448 $464 $28 $140 $1,302 $109
Canyon SLE Ext Cab Z71 4WD $222 $380 $464 $28 $140 $1,234 $103
Canyon SLE Crew Cab 4WD $250 $380 $464 $28 $140 $1,262 $105
Canyon SLE Crew Cab Z71 4WD $250 $380 $464 $28 $140 $1,262 $105
Canyon SLT Crew Cab 4WD $250 $380 $464 $28 $140 $1,262 $105
Canyon SLT Ext Cab 4WD $250 $380 $464 $28 $140 $1,262 $105
Get Your Own Custom Quote Go

Data rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, and Louisiana minimum liability limits. Discounts applied include multi-policy, safe-driver, homeowner, multi-vehicle, and claim-free. Prices do not factor in specific location which can impact premiums considerably.

Using the premium rates above, we can conclude that using a $250 deductible would cost the average driver about $32 more each month or $384 annually averaged for all Canyon models than selecting the higher $1,000 deductible. Since the policyholder would be required to pay $750 more if you file a claim with a $1,000 deductible as compared to a $250 deductible, if you usually have at a minimum 23 months between claim filings, you would probably come out ahead if you decide on a higher deductible.

The example below shows how choosing a deductible and can affect GMC Canyon insurance premiums for different age groups of insureds. The premium estimates are based on a married female driver, comp and collision included, and no other discounts are factored in.

Difference between full coverage and liability only rates

The example below shows the difference between GMC Canyon insurance costs with full physical damage coverage and with liability coverage only. The rates are based on no claims or violations, $500 deductibles, drivers are single, and no discounts are applied to the premium.

Guidelines for eliminating full coverage

There isn’t a written rule to stop paying for physical damage coverage, but there is a broad guideline. If the annual cost of comprehensive and collision coverage is more than about 10% of the settlement you would receive from your company, then you might want to consider buying only liability coverage.

For example, let’s pretend your GMC Canyon settlement value is $4,000 and you have $1,000 deductibles. If your vehicle is severely damaged, the most you would get paid by your company is $3,000 after paying your policy deductible. If it’s costing in excess of $300 annually for full coverage, the it may be a good time to stop paying for full coverage.

There are some scenarios where removing full coverage is not advised. If you haven’t paid off your loan, you have to maintain full coverage to satisfy the loan requirements. Also, if you can’t afford to buy a different vehicle in the even your car is totaled, you should maintain full coverage.

Choosing Canyon insurance is an important decision

Despite the high cost of buying insurance for a GMC Canyon in New Orleans, insurance serves several important purposes.

The benefits of buying enough insurance are definitely more than the cost, especially if you ever need it. Unknowingly, the average driver is overpaying over $850 per year so you should quote and compare rates at every renewal to save money.

Get Cheap Insurance Premiums by Understanding These Factors

It’s important that you understand a few of the rating criteria that help determine your premiums. If you have some idea of what determines base rates, this allows you to make good choices that may result in big savings.

The items below are most of the major factors auto insurance companies consider when setting your rate level.

Certain employers pay higher prices – Occupations such as lawyers, airline pilots, and miners have the highest rates in part from intense work situations and lots of time spent at work. Other jobs like actors, engineers and performers receive lower rates.

GPS tracking and theft deterrents reduce rates – Purchasing a vehicle that has an advanced theft prevention system can help bring down rates. Anti-theft devices such as tamper alarm systems, vehicle immobilizer technology and General Motors OnStar all help prevent auto theft.

Your age impacts your prices – More experienced drivers are more responsible, tend to cause fewer accidents, and are safer drivers. Beginning drivers tend to get distracted easily when driving therefore auto insurance rates are much higher.

The following data is based on a single driver, full coverage with $500 deductibles, and no discounts or violations.

Liability coverage – The liability coverage on your policy will afford coverage when you are responsible for damages caused by your negligence. It will provide legal defense coverage starting from day one. This coverage is very inexpensive compared to insuring for physical damage coverage, so do not cut corners here.

Premiums are affected by your credit rating – A driver’s credit rating can be a huge factor in determining premium rates. If your credit rating leaves room for improvement, you could be paying less to insure your GMC Canyon by repairing your credit. People with high credit ratings tend to be less risk to insure than drivers with worse credit.

Don’t abuse policy claims – If you frequently file small claims, you can definitely plan on either higher rates or even cancellation. Auto insurance companies in Louisiana generally give most affordable rates to people that do not abuse their auto insurance. Your car insurance is intended for claims that pose a financial burden.

Tickets increase rates – Being a careful driver influences premium rates substantially. Careful drivers get better prices as compared to careless drivers. Having just one chargeable violation may cause rates to rise to the point where it’s not affordable. Drivers who get serious tickets like hit and run, DWI or reckless driving convictions might be required by their state to file a proof of financial responsibility form (SR-22) with the DMV in their state in order to legally drive.

The illustration below illustrates how speeding tickets and accidents can influence GMC Canyon car insurance costs for each age group. The data assumes a single female driver, full physical damage coverage, $500 deductibles, and no additional discounts are factored in.

Loss statistics for a GMC Canyon – Insurers analyze the history of losses to help determine rates. Vehicles that the statistics show to have higher claim frequency or loss amount will have a higher cost to insure.

The table below illustrates the insurance loss data used by companies for GMC Canyon vehicles. For each insurance policy coverage type, the claim amount for all vehicles, regardless of manufacturer or model, is considered to be 100. Values under 100 suggest losses that are better than average, while numbers shown that are more than 100 point to more claims or an increased chance of larger losses than average.

GMC Canyon Insurance Claim Statistics
Vehicle 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
Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Save money with these premium slashing discounts

Companies that sell car insurance don’t always list the entire discount list in a way that’s easy to find, so the list below contains a few of the more common as well as the least known savings tricks you should be using when you buy New Orleans auto insurance online. If you do not check that you are getting every discount available, you’re paying more than you need to.Save money with discounts

While discounts sound great, it’s important to understand that most discount credits are not given to the entire cost. The majority will only reduce individual premiums such as comprehensive or collision. So even though they make it sound like adding up those discounts means a free policy, it doesn’t quite work that way. But any discount should help reduce your policy premiums.

The example below illustrates the comparison of GMC Canyon insurance prices with and without some available policy discounts. The rates are based on a female driver, no claims or violations, Louisiana state minimum liability limits, full coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, multi-policy, marriage, claim-free, multi-car, and homeowner discounts applied.

A few popular companies and their possible discounts are included below.

Check with every insurance company the best way to save money. Depending on the company, some discounts may not be offered in New Orleans. For a list of insurance companies that offer some of these discounts in New Orleans, click this link.

Should I get advice from an agent?

A small number of people still prefer to get professional advice from a licensed agent and doing so can bring peace of mind Most agents are trained to spot inefficiencies and help submit paperwork. One of the best bonuses of comparing auto insurance online is that you can obtain cheap auto insurance quotes and still have a local agent.

New Orleans insurance agentsAfter filling out this quick form, your insurance coverage information is immediately sent to local insurance agents in New Orleans who will return price quotes for your auto insurance coverage. You don’t have to even leave your home because prices are sent immediately to you. If you have a need to compare prices from a specific auto insurance provider, you would need to go to their quote page and submit a quote form there.

Choosing the best insurance company requires you to look at more than just a cheap price quote. Any agent in New Orleans should be willing to answer these questions.

If you are wanting to find a good New Orleans insurance agent, there are a couple of different types of agents that you can choose from. Auto insurance agencies are considered either independent (non-exclusive) or exclusive. Either type can sell and service auto insurance coverage, but it is important to understand why they differ since it can impact which type of agent you select.

Exclusive Auto Insurance Agents

Agents that elect to be exclusive can only provide one company’s prices and some examples include American Family, State Farm, and AAA. These agents are not able to provide other company’s prices so it’s a take it or leave it situation. They are well schooled on their company’s products which can be an advantage.

The following are exclusive agents in New Orleans who may provide you with price quotes.

4006 Canal StNew Orleans, LA 70119(504) 517-9080View Map

4747 Earhart Blvd aNew Orleans, LA 70125(504) 218-4420View Map

Larry Talamo – State Farm Insurance Agent
6506 Spanish Fort BlvdNew Orleans, LA 70124(504) 282-3474View Map

More insurance agents

Independent Auto Insurance Agents

Agents that choose to be independent are not locked into one company so as a result can place your coverage amongst many companies and possibly get better coverage at lower prices. If premiums increase, they simply move the coverage in-house and you stay with the same agent. If you are comparing rate quotes, it’s recommended you check rates from independent agents to have the best price comparison.

Shown below is a short list of independent agents in New Orleans who can help you get rate quotes.

650 Poydras St # 1500New Orleans, LA 70130(504) 581-5353View Map

725 Magazine St ENew Orleans, LA 70130(504) 528-9242View Map

2626 Canal St #3New Orleans, LA 70119(504) 525-9901View Map

More insurance agents

One last note

Cheap GMC Canyon insurance in New Orleans is definitely available online and also from your neighborhood New Orleans agents, and you should compare price quotes from both to have the best selection. Some insurance companies may not offer internet price quotes and these small, regional companies sell through local independent agencies.

As you go through the steps to switch your coverage, don’t be tempted to skimp on coverage in order to save money. Too many times, an insured dropped physical damage coverage to discover at claim time that their decision to reduce coverage ended up costing them more. The goal is to buy the best coverage you can find at the best possible price while not skimping on critical coverages.

In this article, we covered some good ideas how to get a better price on GMC Canyon insurance in New Orleans. The key concept to understand is the more companies you get premium rates for, the higher the chance of saving money. Drivers may even discover the biggest savings come from some of the lesser-known companies. Regional companies may only write in your state and offer lower premium rates compared to the large companies like State Farm, GEICO and Nationwide.

More tips and info about insurance can be read in the articles below: