Do you want to learn how to find more affordable GMC Canyon insurance in Laredo? Are you a victim of an under-performing, overpriced car insurance policy? Believe me, many consumers are feeling buyer’s remorse and feel like there’s no way out.
A recent car insurance study revealed that 70% of consumers kept buying from the same company for well over three years, and nearly 40% of drivers have never compared quotes from other companies. Most drivers in the U.S. could pocket as much as 47% a year, but most tend to underestimate the benefits if they switched to a cheaper policy. Drivers have so many insurers to choose from, and although it’s a good thing to be able to choose, having more insurance companies makes it harder to get the best deal for GMC Canyon insurance in Laredo.
Finding the most affordable auto insurance policy in Laredo is not as hard as you think. If you’re already insured or just want cheaper rates, you can use these techniques to shop for the lowest rates and still get good coverage. You just need to use the most time-saving way to shop for auto insurance online.
Save money with discounts
Some providers do not advertise every discount very well, so here is a list a few of the more well known and also the lesser-known discounts you could be receiving when you buy Laredo auto insurance online. If you’re not getting every credit possible, you are paying more than you should be.
- Air Bags and Passive Restraints – Cars that have air bags or motorized seat belts may qualify for discounts up to 30%.
- Life Insurance Discount – Not every insurance company offers life insurance, but if they do you may earn a discounted auto insurance rate on car insurance if you buy life insurance from them.
- Military Discounts – Being on active deployment in the military may qualify for rate reductions.
- Switch and Save Discount – Some larger companies give discounts for renewing your policy prior to your current Canyon insurance policy expiration. This can save 10% or more.
- Discount for Low Mileage – Fewer annual miles on your GMC could qualify for discounted rates on garaged vehicles.
- Laredo Homeowners Discount – Just being a homeowner can earn you a little savings due to the fact that maintaining a home is proof that your finances are in order.
- Accident Free – Claim-free drivers get the best auto insurance rates as compared to bad drivers.
- Paperless Signup – A few larger online companies will discount your bill up to fifty bucks for completing your application on your computer.
A little disclaimer on discounts, most credits do not apply to all coverage premiums. Most only apply to the cost of specific coverages such as comp or med pay. So when it seems like all the discounts add up to a free policy, companies wouldn’t make money that way.
The illustration below shows the comparison of GMC Canyon yearly insurance costs with and without discounts applied to the premium. The information is based on a female driver, no tickets, no at-fault accidents, Texas state minimum liability limits, full physical damage coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, homeowner, multi-car, safe-driver, marriage, and multi-policy discounts applied.
A few of the larger companies and their possible discounts include:
- Travelers discounts include home ownership, driver training, continuous insurance, save driver, student away at school, hybrid/electric vehicle, and early quote.
- 21st Century offers premium reductions for automatic seat belts, 55 and older, theft prevention, good student, anti-lock brakes, and defensive driver.
- State Farm offers discounts for anti-theft, student away at school, accident-free, Steer Clear safe driver discount, driver’s education, safe vehicle, and multiple policy.
- GEICO may have discounts that include seat belt use, good student, daytime running lights, membership and employees, five-year accident-free, multi-policy, and anti-theft.
- SAFECO offers discounts including multi-car, teen safety rewards, anti-lock brakes, anti-theft, teen safe driver, accident prevention training, and safe driver.
- AAA has savings for anti-theft, multi-car, multi-policy, AAA membership discount, pay-in-full, and good driver.
When quoting, ask every insurance company which credits you are entitled to. Discounts might not be available to policyholders in your state. If you would like to view companies who offer cheap GMC Canyon insurance quotes in Laredo, click this link.
Compare free Laredo GMC Canyon insurance quotes
Finding a lower price on GMC Canyon insurance is pretty simple and can save money. You just have to take a couple of minutes comparing rates to see which company has affordable GMC Canyon insurance quotes.
Getting price quotes online is very simple and it takes the place of having to spend time driving to insurance agents’ offices. The ability to get quotes online eliminates the middleman unless you prefer the trained guidance only provided by licensed Laredo agents. Although, it is possible get prices online but buy the policy through an agent.
The car insurance companies shown below are ready to provide free quotes in Laredo, TX. In order to find cheap auto insurance in Laredo, TX, it’s highly recommended you visit several of them to get the most affordable price.
Statistics and details
The table shown next showcases estimates of insurance prices for GMC Canyon models. Having knowledge of how auto insurance policy rates are calculated is important for you to make smart choices when buying a car insurance policy.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Canyon SLE Regular Cab 2WD||$180||$322||$430||$26||$128||$1,086||$91|
|Canyon SLE Ext Cab 2WD||$180||$392||$430||$26||$128||$1,156||$96|
|Canyon SLE Ext Cab Z71 2WD||$180||$392||$430||$26||$128||$1,156||$96|
|Canyon SLE Crew Cab 2WD||$180||$392||$430||$26||$128||$1,156||$96|
|Canyon SLE Regular Cab 4WD||$206||$322||$430||$26||$128||$1,112||$93|
|Canyon SLE Crew Cab Z71 2WD||$206||$392||$430||$26||$128||$1,182||$99|
|Canyon SLT Ext Cab 2WD||$206||$392||$430||$26||$128||$1,182||$99|
|Canyon SLE Ext Cab 4WD||$206||$322||$430||$26||$128||$1,112||$93|
|Canyon SLT Crew Cab 2WD||$206||$462||$430||$26||$128||$1,252||$104|
|Canyon SLE Ext Cab Z71 4WD||$206||$392||$430||$26||$128||$1,182||$99|
|Canyon SLE Crew Cab 4WD||$232||$392||$430||$26||$128||$1,208||$101|
|Canyon SLE Crew Cab Z71 4WD||$232||$392||$430||$26||$128||$1,208||$101|
|Canyon SLT Crew Cab 4WD||$232||$392||$430||$26||$128||$1,208||$101|
|Canyon SLT Ext Cab 4WD||$232||$392||$430||$26||$128||$1,208||$101|
|Get Your Own Custom Quote Go|
Prices based on single female driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Texas minimum liability limits. Discounts applied include multi-policy, safe-driver, homeowner, multi-vehicle, and claim-free. Rates do not factor in Laredo location which can raise or lower coverage prices significantly.
Higher deductibles lower rates
One frequently asked question is which deductible level should you buy. The following insurance rates highlight the differences in price when you select higher and lower comp and collision deductibles. The first data table uses a $250 deductible and the second price grid uses a $500 deductible.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Canyon SLE Regular Cab 2WD||$256||$408||$382||$22||$114||$1,207||$101|
|Canyon SLE Ext Cab 2WD||$256||$496||$382||$22||$114||$1,295||$108|
|Canyon SLE Ext Cab Z71 2WD||$256||$496||$382||$22||$114||$1,295||$108|
|Canyon SLE Crew Cab 2WD||$256||$496||$382||$22||$114||$1,295||$108|
|Canyon SLE Regular Cab 4WD||$294||$408||$382||$22||$114||$1,245||$104|
|Canyon SLE Crew Cab Z71 2WD||$294||$496||$382||$22||$114||$1,333||$111|
|Canyon SLT Ext Cab 2WD||$294||$496||$382||$22||$114||$1,333||$111|
|Canyon SLE Ext Cab 4WD||$294||$408||$382||$22||$114||$1,245||$104|
|Canyon SLT Crew Cab 2WD||$294||$584||$382||$22||$114||$1,421||$118|
|Canyon SLE Ext Cab Z71 4WD||$294||$496||$382||$22||$114||$1,333||$111|
|Canyon SLE Crew Cab 4WD||$332||$496||$382||$22||$114||$1,371||$114|
|Canyon SLE Crew Cab Z71 4WD||$332||$496||$382||$22||$114||$1,371||$114|
|Canyon SLT Crew Cab 4WD||$332||$496||$382||$22||$114||$1,371||$114|
|Canyon SLT Ext Cab 4WD||$332||$496||$382||$22||$114||$1,371||$114|
|Get Your Own Custom Quote Go|
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Canyon SLE Regular Cab 2WD||$208||$328||$382||$22||$114||$1,054||$88|
|Canyon SLE Ext Cab 2WD||$208||$400||$382||$22||$114||$1,126||$94|
|Canyon SLE Ext Cab Z71 2WD||$208||$400||$382||$22||$114||$1,126||$94|
|Canyon SLE Crew Cab 2WD||$208||$400||$382||$22||$114||$1,126||$94|
|Canyon SLE Regular Cab 4WD||$240||$328||$382||$22||$114||$1,086||$91|
|Canyon SLE Crew Cab Z71 2WD||$240||$400||$382||$22||$114||$1,158||$97|
|Canyon SLT Ext Cab 2WD||$240||$400||$382||$22||$114||$1,158||$97|
|Canyon SLE Ext Cab 4WD||$240||$328||$382||$22||$114||$1,086||$91|
|Canyon SLT Crew Cab 2WD||$240||$472||$382||$22||$114||$1,230||$103|
|Canyon SLE Ext Cab Z71 4WD||$240||$400||$382||$22||$114||$1,158||$97|
|Canyon SLE Crew Cab 4WD||$270||$400||$382||$22||$114||$1,188||$99|
|Canyon SLE Crew Cab Z71 4WD||$270||$400||$382||$22||$114||$1,188||$99|
|Canyon SLT Crew Cab 4WD||$270||$400||$382||$22||$114||$1,188||$99|
|Canyon SLT Ext Cab 4WD||$270||$400||$382||$22||$114||$1,188||$99|
|Get Your Own Custom Quote Go|
Prices based on married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include homeowner, multi-policy, multi-vehicle, claim-free, and safe-driver. Rate quotes do not factor in specific zip code location which can increase or decrease coverage prices noticeably.
Based on this data, using a $250 deductible will cost in the ballpark of $14 more each month or $168 every year than opting for the higher $500 deductible. Because you would be required to pay $250 more if you file a claim with a $500 deductible as compared to a $250 deductible, if you go more than 18 months between claim filings, you would probably come out ahead if you decide on a higher deductible.
The information below demonstrates how deductible levels and can influence GMC Canyon insurance premiums for different insured age categories. The premiums assume a single female driver, comprehensive and collision coverage, and no discounts are applied.
Car insurance premiums by gender
The chart below shows the difference between GMC Canyon yearly insurance costs for male and female drivers. The premiums assume no violations or claims, full coverage, $1,000 deductibles, drivers are not married, and no discounts are factored in.
Price comparison of only insuring for liability
The chart below shows the comparison of GMC Canyon insurance costs with liability coverage only compared to full coverage. Data assumes a clean driving record, no at-fault accidents, $100 deductibles, single status, and no discounts are factored in.
Guidelines for dropping full coverage
There is no specific rule of when to phase out physical damage coverage on your policy, but there is a general guideline you can use. If the yearly cost for physical damage coverage is more than around 10% of replacement cost minus your deductible, then it’s probably a good time to buy liability coverage only.
For example, let’s pretend your GMC Canyon settlement value is $6,000 and you have $1,000 deductibles. If your vehicle is severely damaged, the most you would get paid by your company is $5,000 after paying the physical damage deductible. If premium cost is more than $500 annually for comprehensive and collision coverage, then you might consider buying liability only.
There are some situations where buying only liability insurance is not financially feasible. If you still owe money on your vehicle, you have to maintain full coverage to satisfy the loan requirements. Also, if you don’t have enough money to buy a different vehicle if your current one is totaled, you should keep full coverage.
GMC Canyon Insurance Price Factors
Many different elements are taken into consideration when you quote your car insurance policy. Some of the criteria are obvious like an MVR report, but others are more obscure like your vehicle usage or your commute time. One of the most helpful ways to save on insurance is to to have a grasp of some of the elements that go into determining the level of your policy premiums. If you have some idea of what determines base rates, this enables informed choices that may reward you with better insurance rates.
The itemized list below are some of the things companies use to determine prices.
High performance equals high rates – The performance level of the car or truck you need to insure makes a huge difference in determining your rates. The cheapest rates will normally be found when insuring lower performance four cylinder passenger cars, but the cost you end up paying is determined by many additional factors.
The data below assumes a married male driver age 30, full coverage with $100 deductibles, and no discounts or violations. The data compares GMC Canyon insurance premiums compared to other models that have different performances.
Driving citations can be expensive – Having a clean driving record impacts your car insurance rates tremendously. Just one speeding ticket or other violation may increase your cost to the point where it’s not affordable. Drivers who don’t get tickets get better rates compared to bad drivers. Drivers who have multiple tickets like DWI, reckless driving or hit and run convictions may face state-mandated requirements to file a proof of financial responsibility form (SR-22) with their state DMV in order to prevent their license from being revoked.
The chart below demonstrates how speeding tickets and at-fault fender-benders can affect GMC Canyon insurance premiums for different age categories. The rates are based on a married male driver, comprehensive and collision coverage, $100 deductibles, and no discounts are factored in.
Teenagers are high risk – Older, more experienced drivers are viewed as being more responsible, are lower risk to insure, and tend to be get fewer driving tickets. Teen drivers have a tendency to be careless and easily distracted in a vehicle therefore insurance rates are much higher.
The next chart uses these variables: single driver, full coverage with $250 deductibles, and no discounts or violations.
Discounts for married drivers – Walking down the aisle can get you a discount on your policy. Having a significant other generally demonstrates drivers are more responsible and statistics prove married drivers tend to have fewer serious accidents.
Insurance losses for a GMC Canyon – Companies use past insurance losses to calculate a rate that offsets possible losses. Vehicles that are shown to have a trend towards higher claims will have higher premium rates.
The table below demonstrates the historical loss data for GMC Canyon vehicles. For each policy coverage, the statistical loss for all vehicles averaged together is represented as 100. Numbers below 100 indicate better than average losses, while values over 100 point to more losses or tendency to have higher losses.
|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|
Empty fields indicate not enough data collected
Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Tailor your car insurance coverage to you
When selecting proper insurance coverage, there is no cookie cutter policy. Your financial needs are unique so your insurance should reflect that For example, these questions can aid in determining whether or not you would benefit from professional advice.
- Am I covered if my car is in a flood?
- Is there coverage for my trailer?
- Are my custom wheels covered?
- Can my babysitter drive my car?
- Do I benefit by insuring my home with the same company?
- What policy terms are available?
- What should my uninsured motorist coverage limits be in Texas?
If you’re not sure about those questions, you may need to chat with a licensed insurance agent. If you want to speak to an agent in your area, fill out this quick form or you can go here for a list of companies in your area. It is quick, free and you can get the answers you need.
Compare prices but buy from a local Laredo insurance agency
Many people just prefer to sit down and talk to an agent and we recommend doing that Agents can answer important questions and help you file claims. One of the best bonuses of price shopping on the web is that you can obtain cheaper premium rates and still choose a local agent. And providing support for local agents is especially important in Laredo.
Once you complete this simple form, the quote information is sent to insurance agents in Laredo that can provide free Laredo auto insurance quotes for your auto insurance coverage. You never need to find an agent on your own due to the fact that quote results will go immediately to your email address. If you need to get a price quote from a specific insurance company, don’t hesitate to jump over to their website and fill out their quote form.
Pick the best car insurance agent in Laredo for you
If you want to buy auto insurance from a local insurance agency, there are two different types of agents and how they differ in how they quote coverages. Insurance agencies in Laredo can be categorized as either exclusive or independent (non-exclusive). Both can insure your vehicles properly, but it’s important to know the difference in the companies they write for because it can impact the type of agent you choose.
Independent Auto Insurance Agents
Agents in the independent channel are not employed by any specific company and that allows them to write policies with any number of different companies and get the cheapest rates. If they quote lower rates, your agent can just switch to a different company which makes it simple for you.
When shopping rates, you should always get insurance quotes from at least one independent agent for maximum quote selection.
Shown below are independent insurance agencies in Laredo who may provide rate quotes.
Castillo Insurance Agency
1413 E San Carlos St – Laredo, TX 78041 – (956) 727-0129 – View Map
Exclusive Insurance Agents
These type of agents generally can only insure with one company and examples are Allstate and State Farm. They are unable to provide rate quotes from other companies so you might not find the best rates. Exclusive agencies receive extensive training on the products they sell which can be an advantage.
Shown below is a list of exclusive agents in Laredo that are able to give price quotes.
Picking a car insurance agent requires you to look at more than just a cheap price. These are some valid questions you should ask.
- Does the agent have a valid license to sell insurance in Texas?
- What is their Better Business Bureau rating?
- Do you work with a CSR or direct with the agent?
- Which companies can they place coverage with?
- Is coverage determined by price?
- Is insurance their full-time profession?
- Can you use your own choice of collision repair facility?
After receiving good answers and an acceptable price quote, it’s possible that you found a car insurance agent that can properly service your auto insurance policy. But keep in mind you are able to cancel your coverage whenever you wish so don’t think that you’re stuck with the auto insurance policy for the full term.
Choosing the best GMC Canyon insurance in Texas is an important decision
Despite the potentially high cost of GMC Canyon insurance, insuring your vehicle may not be optional for several reasons.
First, the majority of states have mandatory insurance requirements which means it is punishable by state law to not carry a specific minimum amount of liability coverage in order to drive the car legally. In Texas these limits are 30/60/25 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
Second, if you have a loan on your car, almost all lenders will require you to have physical damage coverage to guarantee their interest in the vehicle. If the policy lapses, the bank will be required to insure your GMC at a more expensive rate and force you to pay for the much more expensive policy.
Third, insurance protects not only your vehicle but also your assets. It will also provide coverage for all forms of medical expenses for both you and anyone you injure as the result of an accident. Liability insurance also pays expenses related to your legal defense if you are named as a defendant in an auto accident. If your vehicle suffers damage from an accident or hail, comprehensive and collision coverage will pay to repair the damage.
The benefits of insuring your car outweigh the cost, specifically if you ever have a liability claim. According to a 2015 survey, the average American driver overpays more than $869 every year so you should quote your policy with other companies at every renewal to be sure current rates are still competitive.
What is the best car insurance company in Texas?
Buying coverage from the top car insurance company can be challenging considering how many choices you have in Laredo. The rank data shown next may help you decide which car insurance providers you want to consider comparing rates from.
Top 10 Laredo Car Insurance Companies Ranked by Claims Service
- State Farm
- Liberty Mutual
- American Family
- Titan Insurance
- AAA Insurance
Lower rates by being persistent
Throughout this article, we presented some good ideas how you can get a better price on GMC Canyon insurance in Laredo. The key thing to remember is the more you quote Laredo auto insurance, the better chance you’ll have of finding inexpensive Laredo auto insurance quotes. You may even be surprised to find that the lowest priced auto insurance comes from a company that doesn’t do a lot of advertising. Regional companies often have lower rates on specific markets than the large multi-state companies such as Progressive or GEICO.
When trying to cut insurance costs, it’s very important that you do not buy less coverage just to save a little money. There have been many situations where an accident victim reduced liability coverage limits only to discover later that the few dollars in savings costed them thousands. Your focus should be to buy enough coverage at an affordable rate while not skimping on critical coverages.
How to find better rates for GMC Canyon insurance in Laredo
If saving the most money is your goal, then the best way to get more affordable GMC Canyon insurance is to do an annual price comparison from insurers who provide car insurance in Laredo.
Step 1: Get an understanding of how auto insurance works and the factors you can control to prevent expensive coverage. Many rating factors that are responsible for high rates like your driving record and an imperfect credit rating can be amended by making small lifestyle or driving habit changes.
Step 2: Obtain price quotes from independent agents, exclusive agents, and direct companies. Direct and exclusive agents can only give rate quotes from a single company like Progressive or State Farm, while independent agents can provide rate quotes from many different companies.
Step 3: Compare the price quotes to your current policy and determine if cheaper Canyon coverage is available in Laredo. If you find a lower rate, make sure coverage does not lapse between policies.
Step 4: Provide written notification to your current company to cancel your current auto insurance policy. Submit the required down payment along with the signed application for the new coverage. Immediately upon receiving it, safely store the proof of insurance certificate with your registration paperwork.
A valuable tip to remember is to make sure you enter the same liability limits and deductibles on each quote and and to get rate quotes from as many different companies as possible. This enables a level playing field and a thorough selection of prices.
Additional detailed information can be found by following these links:
- Choosing an Insurance Company (Insurance Information Institute)
- Who Has the Cheapest Auto Insurance for Drivers with a DUI in Laredo? (FAQ)
- How Much is Auto Insurance for Teenage Males in Laredo? (FAQ)
- What are my Rights when Filing a Claim? (Insurance Information Institute)
- How to Avoid Staged Accidents (State Farm)
- Pickups fall short in headlight tests (Insurance Institute for Highway Safety)