A recent auto insurance study revealed that the vast majority of drivers have purchased from the same company for a minimum of four years, and almost 40% of drivers have never compared quotes from other companies. Most drivers in Virginia Beach could cut their rates by up to 45% a year just by shopping around, but they don’t want to take the time to save money by comparing rate quotes.
If you want to find the absolute lowest rates, then the best way to get low-cost GMC Canyon insurance is to compare prices annually from providers that insure vehicles in Virginia Beach.
- First, get a basic knowledge of auto insurance and the factors you can control to prevent rate increases. Many things that result in higher rates such as tickets, at-fault accidents, and a lousy credit rating can be remedied by making lifestyle changes or driving safer.
- Second, request rate estimates from independent agents, exclusive agents, and direct companies. Direct and exclusive agents can only quote rates from a single company like GEICO and State Farm, while agents who are independent can give you price quotes for many different companies.
- Third, compare the new rate quotes to your current policy to see if switching to a new carrier will save money. If you find a lower rate and make a switch, make sure there is no lapse in coverage.
A crucial key to this process is to try to compare similar limits and deductibles on each quote request and and to compare as many different companies as possible. This helps ensure an apples-to-apples comparison and many rates to choose from.
When comparing car insurance rates, know that making a lot of price comparisons increases the chance that you will find a lower rate. Some regional insurers cannot provide price estimates online, so it’s important to compare rates from the smaller companies as well.
The providers in the list below provide free quotes in Virginia Beach, VA. In order to find cheap auto insurance in Virginia Beach, we suggest you visit as many as you can to find the cheapest car insurance rates.
Rate information and statistics
The premium table displayed next covers a range of insurance coverage prices for GMC Canyon models. Having a good understanding how policy premiums are calculated can aid in making smart choices when selecting a policy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Canyon SLE Regular Cab 2WD | $122 | $218 | $270 | $16 | $80 | $706 | $59 |
| Canyon SLE Ext Cab 2WD | $122 | $264 | $270 | $16 | $80 | $752 | $63 |
| Canyon SLE Ext Cab Z71 2WD | $122 | $264 | $270 | $16 | $80 | $752 | $63 |
| Canyon SLE Crew Cab 2WD | $122 | $264 | $270 | $16 | $80 | $752 | $63 |
| Canyon SLE Regular Cab 4WD | $140 | $218 | $270 | $16 | $80 | $724 | $60 |
| Canyon SLE Crew Cab Z71 2WD | $140 | $264 | $270 | $16 | $80 | $770 | $64 |
| Canyon SLT Ext Cab 2WD | $140 | $264 | $270 | $16 | $80 | $770 | $64 |
| Canyon SLE Ext Cab 4WD | $140 | $218 | $270 | $16 | $80 | $724 | $60 |
| Canyon SLT Crew Cab 2WD | $140 | $312 | $270 | $16 | $80 | $818 | $68 |
| Canyon SLE Ext Cab Z71 4WD | $140 | $264 | $270 | $16 | $80 | $770 | $64 |
| Canyon SLE Crew Cab 4WD | $156 | $264 | $270 | $16 | $80 | $786 | $66 |
| Canyon SLE Crew Cab Z71 4WD | $156 | $264 | $270 | $16 | $80 | $786 | $66 |
| Canyon SLT Crew Cab 4WD | $156 | $264 | $270 | $16 | $80 | $786 | $66 |
| Canyon SLT Ext Cab 4WD | $156 | $264 | $270 | $16 | $80 | $786 | $66 |
| Get Your Own Custom Quote Go | |||||||
Data based on married female driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Virginia minimum liability limits. Discounts applied include multi-policy, safe-driver, homeowner, multi-vehicle, and claim-free. Table data does not factor in specific location information which can modify price quotes greatly.
Physical damage deductibles: Should you raise them?
The hardest decision when buying coverage is how high should the deductibles for physical damage be. The comparison tables below determine the rate fluctuation between high and low comp and collision deductibles. The first set of prices uses a $100 deductible for comprehensive and collision coverage and the second set of prices uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Canyon SLE Regular Cab 2WD | $192 | $328 | $258 | $16 | $78 | $897 | $75 |
| Canyon SLE Ext Cab 2WD | $192 | $400 | $258 | $16 | $78 | $969 | $81 |
| Canyon SLE Ext Cab Z71 2WD | $192 | $400 | $258 | $16 | $78 | $969 | $81 |
| Canyon SLE Crew Cab 2WD | $192 | $400 | $258 | $16 | $78 | $969 | $81 |
| Canyon SLE Regular Cab 4WD | $222 | $328 | $258 | $16 | $78 | $927 | $77 |
| Canyon SLE Crew Cab Z71 2WD | $222 | $400 | $258 | $16 | $78 | $999 | $83 |
| Canyon SLT Ext Cab 2WD | $222 | $400 | $258 | $16 | $78 | $999 | $83 |
| Canyon SLE Ext Cab 4WD | $222 | $328 | $258 | $16 | $78 | $927 | $77 |
| Canyon SLT Crew Cab 2WD | $222 | $472 | $258 | $16 | $78 | $1,071 | $89 |
| Canyon SLE Ext Cab Z71 4WD | $222 | $400 | $258 | $16 | $78 | $999 | $83 |
| Canyon SLE Crew Cab 4WD | $250 | $400 | $258 | $16 | $78 | $1,027 | $86 |
| Canyon SLE Crew Cab Z71 4WD | $250 | $400 | $258 | $16 | $78 | $1,027 | $86 |
| Canyon SLT Crew Cab 4WD | $250 | $400 | $258 | $16 | $78 | $1,027 | $86 |
| Canyon SLT Ext Cab 4WD | $250 | $400 | $258 | $16 | $78 | $1,027 | $86 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Canyon SLE Regular Cab 2WD | $108 | $174 | $258 | $16 | $78 | $634 | $53 |
| Canyon SLE Ext Cab 2WD | $108 | $210 | $258 | $16 | $78 | $670 | $56 |
| Canyon SLE Ext Cab Z71 2WD | $108 | $210 | $258 | $16 | $78 | $670 | $56 |
| Canyon SLE Crew Cab 2WD | $108 | $210 | $258 | $16 | $78 | $670 | $56 |
| Canyon SLE Regular Cab 4WD | $122 | $174 | $258 | $16 | $78 | $648 | $54 |
| Canyon SLE Crew Cab Z71 2WD | $122 | $210 | $258 | $16 | $78 | $684 | $57 |
| Canyon SLT Ext Cab 2WD | $122 | $210 | $258 | $16 | $78 | $684 | $57 |
| Canyon SLE Ext Cab 4WD | $122 | $174 | $258 | $16 | $78 | $648 | $54 |
| Canyon SLT Crew Cab 2WD | $122 | $248 | $258 | $16 | $78 | $722 | $60 |
| Canyon SLE Ext Cab Z71 4WD | $122 | $210 | $258 | $16 | $78 | $684 | $57 |
| Canyon SLE Crew Cab 4WD | $138 | $210 | $258 | $16 | $78 | $700 | $58 |
| Canyon SLE Crew Cab Z71 4WD | $138 | $210 | $258 | $16 | $78 | $700 | $58 |
| Canyon SLT Crew Cab 4WD | $138 | $210 | $258 | $16 | $78 | $700 | $58 |
| Canyon SLT Ext Cab 4WD | $138 | $210 | $258 | $16 | $78 | $700 | $58 |
| Get Your Own Custom Quote Go | |||||||
Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Virginia minimum liability limits. Discounts applied include multi-vehicle, claim-free, homeowner, multi-policy, and safe-driver. Rate quotes do not factor in garaging location in Virginia Beach which can revise coverage rates noticeably.
Based on this data, we can arrive at the conclusion that using a $100 deductible costs an average of $25 more each month or $300 for a full year averaged for all Canyon models than requesting the higher $1,000 deductible. Since the policyholder would be required to pay $900 more out of your own pocket with a $1,000 deductible as compared to a $100 deductible, if you go at least 36 months between claim filings, you would save money if you opt for a higher deductible. The numbers below show the way you can come to your own conclusion.
| Average monthly premium for $100 deductibles: | $82 |
| Average monthly premium for $1,000 deductibles (subtract): | – $57 |
| Monthly savings from raising deductible: | $25 |
| Difference between deductibles ($1,000 – $100): | $900 |
| Divide difference by monthly savings: | $900 / $25 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 36 months |
One big caveat is that increasing deductibles to save money means you will have to pay more of your own money if you have a claim. You must have some funds available in the event you have to pay more for the deductible.
Gender-based insurance rates
The information below shows the comparison of GMC Canyon yearly insurance costs for male and female drivers. The premium estimates are based on no accidents, no driving violations, full physical damage coverage, $250 deductibles, single marital status, and no policy discounts are applied.
Comparison of full coverage and liability-only policies
The information below visualizes the comparison of GMC Canyon car insurance rates with full coverage and liability only. The premium estimates are based on no claims or violations, $250 deductibles, drivers are not married, and no discounts are factored in.
When to stop buying comprehensive and collision coverage
There is no exact formula for dropping comp and collision coverage, but there is a general school of thought. If the annual cost of your full coverage insurance is more than 10% of the settlement you would receive from your company, then it might be time to consider dropping full coverage.
For example, let’s pretend your GMC Canyon replacement cost is $7,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled in an accident, the most you would get paid by your company is $6,000 after the policy deductible has been paid. If it’s costing you more than $600 annually for your policy with full coverage, then it’s probably a good time to buy liability coverage only.
There are some cases where buying only liability insurance is not a good idea. If you still have a lienholder on your title, you have to keep full coverage in order to keep the loan. Also, if you can’t afford to buy a different vehicle in the event your current vehicle is totaled, you should keep full coverage.
Insuring your GMC vehicle just makes sense
Despite the high cost, maintaining insurance serves an important purpose.
First, just about all states have mandatory insurance requirements which means you are required to carry a minimum amount of liability coverage in order to drive the car. In Virginia these limits are 25/50/20 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $20,000 of property damage coverage.
Second, if your Canyon has a lienholder, most lenders will require that you have insurance to ensure loan repayment if the vehicle is totaled. If you do not pay your insurance premiums, the bank may insure your GMC at a significantly higher premium and make you pay the higher price.
Third, insurance safeguards not only your GMC Canyon but also your assets. It also can pay for hospital and medical expenses for you, your passengers, and anyone else injured in an accident. As part of your policy, liability insurance also pays expenses related to your legal defense if anyone sues you for causing an accident. If you have damage to your GMC as the result of the weather or an accident, collision and comprehensive coverages will pay to have it repaired.
The benefits of buying enough insurance more than offset the price you pay, especially for larger claims. According to a survey of 1,000 drivers, the average driver overpays more than $750 every year so we recommend shopping around at every policy renewal to ensure rates are competitive.
Get More Affordable Insurance Rates by Understanding These Factors
Many factors are used when premium rates are determined. Some are obvious such as traffic violations, although others are more obscure like your continuous coverage or how financially stable you are.
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Older drivers pay less – Mature drivers are more responsible, statistically cause fewer accidents, and get fewer tickets. Youthful drivers are proven to be easily distracted behind the wheel and because of this, their insurance rates are much higher.
The following data assumes a single driver, full coverage with $100 deductibles, and no discounts or violations.
- Extra coverages push up premiums – Insurance policies have a lot of additional extra coverages that can add up but may not be useful. Coverages for coverage for rental cars, death and dismemberment, and membership fees may not be needed and are just wasting money. They may seem like a good idea when talking to your agent, but now you might not need them so think about removing them and cutting costs.
- High insurance claims frequency drives up prices – If you frequently file small claims, you can definitely plan on either higher rates or even cancellation. Car insurance companies in Virginia provide the best rates to people who are claim-free. Your car insurance is intended for major claims that would cause financial hardship.
- Responsible credit means lower rates – Having a good credit score will be a significant factor in your rate calculation. So if your credit could use some work, you could potentially save money when insuring your GMC Canyon by repairing your credit. Drivers with good credit tend to be more responsible than drivers who have bad credit.
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GMC Canyon historical loss data – Companies use statistical claims data when they set coverage costs for each model. Vehicles that the data shows to have a trend towards higher claims will cost more for coverage. The next table shows the historical loss data for GMC Canyon vehicles.
For each type of coverage, the claim amount for all vehicles averaged together equals 100. Numbers under 100 are indicative of better than average losses, while values that are above 100 indicate more frequent claims or an increased probability of a larger loss.
GMC Canyon Insurance Claim Statistics 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 BETTERAVERAGEWORSEEmpty fields indicate not enough data collected
Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Car insurance policy discounts you can’t miss
Car insurance is expensive, but you may qualify for discounts that many people don’t even know exist. Some of these discounts will be visible at quote time, but occasionally some discounts must be specifically requested before you get the savings.
- Accident Waiver – Not necessarily a discount, but companies like GEICO and Allstate will turn a blind eye to one accident without the usual rate increase so long as you are claim-free prior to being involved in the accident.
- Multi-policy Discount – If you can bundle your auto and home insurance with one company you may earn up to 20% and get you affordable GMC Canyon insurance rates in Virginia Beach.
- Accident Free – Insureds who avoid accidents and claims have much lower rates as compared to frequent claim filers.
- Defensive Driver Discounts – Taking time to complete a course teaching safe driver skills can save you 5% or more and also improve your driving technique.
- Discount for Life Insurance – Some insurance carriers give a small discount if you purchase a life insurance policy as well.
- Data Collection Discounts – Insureds who allow their company to track their driving habits by using a small device installed in their vehicle such as Snapshot from Progressive or Drivewise from Allstate could see a rate decrease if they have good driving habits.
- Distant Student Discount – Kids who live away from home at college and leave their car at home could get you a discount.
- Pay Early and Save – If you pay your entire premium ahead of time instead of making monthly payments you could save up to 5%.
- Passive Restraints – Vehicles equipped with air bags or motorized seat belts may earn rate discounts of 20% or more.
One thing to note about discounts is that most credits do not apply to the entire policy premium. Most only apply to the cost of specific coverages such as collision or personal injury protection. Despite the appearance that you could get a free car insurance policy, it just doesn’t work that way.
The illustration below visualizes the comparison of GMC Canyon annual premium costs with and without discounts. The rate quotes are based on a male driver, no violations or claims, Virginia state minimum liability limits, comp and collision included, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, multi-car, multi-policy, homeowner, marriage, and claim-free discounts applied.
If you would like to view companies that offer discounts in Virginia Beach, click here.
When do I need an agent’s advice?
When choosing a policy for your vehicles, there isn’t really a one size fits all plan. You are unique so your insurance needs to address that.
These are some specific questions can help discover if your situation will benefit from professional help.
- Do I pay less if my vehicle is kept in my garage?
- Am I covered if I hit my neighbor’s mailbox?
- When do I need to add a new car to my policy?
- Do I have coverage when making deliveries for my home business?
- When should I buy a commercial auto policy?
- Is extra glass coverage worth it?
- Where can I find DUI or SR-22 insurance?
If you don’t know the answers to these questions then you might want to talk to a licensed agent. To find lower rates from a local agent, take a second and complete this form or you can also visit this page to select a carrier
Neighborhood insurance agents
Certain consumers just want to go talk to an agent and that can be a smart move One of the best bonuses of comparing insurance prices online is you may find cheap rate quotes but still work with a licensed agent. Buying insurance from local insurance agencies is still important in Virginia Beach.
By using this short form, your coverage information is sent to insurance agents in Virginia Beach who will return price quotes to get your business. It simplifies rate comparisons since you won’t have to contact any agents since rate quotes are delivered directly to you. You can get cheaper auto insurance rates and an insurance agent to talk to. If for some reason you want to get a rate quote from a specific company, feel free to find their quoting web page and submit a quote form there.
If you prefer to buy auto insurance from a local agent, it’s helpful to know the types of agencies and how they can write your policy. Auto insurance agents can be categorized as either independent or exclusive depending on the company they work for.
Independent Agencies or Brokers
These agents are normally appointed by many insurers and that is an advantage because they can write policies with an assortment of companies and get the cheapest rates. If they quote lower rates, they simply switch companies in-house and you won’t have to switch agencies. When comparing auto insurance prices, we recommend you get several quotes from multiple independent agents to maximize your price options. Most can insure with smaller companies who may have lower rates.
Shown below is a small list of independent insurance agents in Virginia Beach who may provide free auto insurance quotes.
- Towne Insurance
301 Bendix Rd #300 – Virginia Beach, VA 23452 – (757) 468-6100 – View Map - The Coelho insurance agency
800 Seahawk Cir #142 – Virginia Beach, VA 23452 – (757) 437-9647 – View Map - Glandon Agency
212 87th St – Virginia Beach, VA 23451 – (757) 422-6729 – View Map
Exclusive Auto Insurance Agents
These type of agents have only one company to place business with like Farmers Insurance, Allstate, or State Farm. They generally cannot place coverage with different providers so if the price isn’t competitive there isn’t much they can do. Exclusive agents are usually quite knowledgeable on the products they sell which helps them sell insurance even at higher premiums. Consumers sometimes choose to use an exclusive agent partially due to loyalty to the company and the convenience of having all coverages with one company.
The following is a list of exclusive insurance agencies in Virginia Beach who can help you get rate quotes.
- GEICO Insurance Agent
4389 Virginia Beach Blvd – Virginia Beach, VA 23462 – (757) 583-2200 – View Map - Paula Rosati – State Farm Insurance Agent
4221 Pleasant Valley Rd #108 – Virginia Beach, VA 23464 – (757) 467-4300 – View Map - Allstate Insurance: Ralph M. Rios
2492 N Landing Rd #101 – Virginia Beach, VA 23456 – (757) 467-2800 – View Map
Picking the best insurance agency needs to be determined by more than just a cheap quote. The questions below may impact your decision as well.
- How many companies do they write for?
- Is the agency covered by Errors and Omissions coverage?
- Do they have 24-hour customer assistance?
- What is the financial rating for the quoted company?
- Can you choose the body shop in case repairs are needed?
- Do you qualify for any additional discounts?
- How does the company pay claims for a total loss?
- Do they feel the quoted coverages are adequate?
Smart consumers save more
While you’re price shopping online, make sure you don’t reduce needed coverages to save money. There are too many instances where drivers have reduced full coverage and learned later that the few dollars in savings costed them thousands. Your goal should be to buy the best coverage you can find at the best cost while not skimping on critical coverages.
We covered some good ideas how you can lower your GMC Canyon insurance premium rates in Virginia Beach. The most important thing to understand is the more companies you get prices for, the higher the chance of saving money. Consumers may even find the best premium rates are with a small local company. Some small companies often have lower prices on specific markets compared to the large companies like Progressive and GEICO.
Helpful resources
- Things to Know Before you Cancel Insurance (Allstate)
- Who Has the Cheapest Auto Insurance Rates for Safe Drivers in Virginia Beach? (FAQ)
- Who Has Affordable Auto Insurance for Teenage Males in Virginia Beach? (FAQ)
- Coverage Information (Progressive Insurance)
- Comprehensive Coverage (Liberty Mutual)
- Top Signs Your Brakes are Giving Out (State Farm)