About GMC Car Insurance
GMC is Canada’s largest auto manufacturer, with their vehicles being some of the most popular on the road. GMC produces a variety of larger vehicles such as trucks, SUVs, and minivans, and they also produce a variety of popular sedans.
GMC vehicles are known for their reliability, ease of repair, and safety. These features make GMC vehicles some of the cheapest to insure, with insurance companies being very comfortable with insuring GMCs.
Review the information below to understand your coverage options and approximate pricing ballpark before comparing car insurance rates with MyChoice.
How Much Does it Cost to Insure Your GMC in Canada?
On average, it costs around $1,157 per year to insure your GMC in Canada. The price will vary depending on your GMC model, year make, region you’re living in and your driving history.
Here’s how much it would cost you on average to insure your GMC in the following cities in Canada:
| City | Average Annual Insurance Premium |
|---|---|
| Toronto, ON | $1,923 |
| Burlington, ON | $1,426 |
| Mississauga, ON | $2,081 |
| Ottawa, ON | $1,294 |
| Niagara Falls, ON | $1,459 |
| Calgary, AB | $1,359 |
| Medicine Hat, AB | $1,006 |
| Montreal, QC | $719 |
| Halifax, NS | $1,191 |
| Fredericton, NB | $744 |
| Corner Brook, NL | $1,005 |
How GMC Car Insurance Costs Compare to Similar Vehicle Brands
When selecting a vehicle, many potential buyers often weigh the insurance rates of different brands, including GMC, against each other. Insurance costs can significantly influence the decision-making process.
Based on internal customer quote data, our analysis places GMC’s insurance rates on the lower end compared to other truck and SUV brands. While GMC’s premiums are generally more affordable than those of Dodge and Volvo, they are slightly lower than Chevrolet’s and remain competitive with Ford. Here’s a brief comparison:
GMC Car Insurance Rates Through The Years
GMC car insurance rates have seen a steady increase over the past five years. In 2022, premiums went down before rising again in 2023 and 2024. This upward trend suggests higher coverage costs for GMC owners. Here’s an updated overview of GMC insurance premiums in recent years:
GMC Car Insurance Rates by Model & Year Make
When insuring your GMC, the model you choose significantly impacts the insurance rates. Our detailed analysis below provides a comprehensive view of the insurance costs for various GMC models from different years.
Why Consider Purchasing A GMC Vehicle
One part of saving on insurance rates for a GMC vehicle is understanding the factors about the vehicle that will help to keep your insurance as cheap as possible.
GMC Insurance FAQs
Do I Need To Purchase Insurance From A GMC Insurer?
Drivers do not need to purchase insurance from a company specifically specializing in GMCs, and no Canadian insurers specialize in insuring a single manufacturer. Instead, drivers can use one of a variety of insurance companies to insure their GMC.
Do GMC Trucks Cost More To Insure Than GMC Cars?
Trucks almost always cost ten to twenty percent more to insure than a standard car. This is because trucks tend to have worse handling and braking than cars, so drivers are less able to avoid an accident. However, trucks and SUVs generally tend to protect the driver better than a car, and many customers tend to prefer trucks and SUVs because of this feature.
Which GMC Model Is The Least Expensive to Insure?
The 2024 GMC Canyon is the cheapest model to insure in Canada, with an annual average insurance premium of $1,042.