Key Facts About Insuring a GMC in Ontario
The figures below are based on MyChoice’s proprietary online quote data collected from GMC drivers in Ontario in 2026.
| Average GMC insurance premium (Ontario): | $2,104 |
| Cheapest GMC model to insure: | Canyon ($1,936) |
| Most expensive GMC model to insure: | Terrain ($2,209) |
| Cheaper alternatives to GMC for car insurance: | Mitsubishi ($1,519), Fiat ($1,612), Volkswagen ($1,644), Subaru ($1,702) |
| GMC collision rate in Ontario: | 13.9% of GMC drivers have ≥1 at-fault accident |
How Much Does it Cost to Insure Your GMC in Ontario?
Location is a major driver of a GMC premium. Drivers in busy urban centres like Brampton face well-above-average costs, while those in Kitchener and similar markets pay less than the $2,104 Ontario average.
Below are estimated average annual GMC premiums for major Ontario cities:
| City | Average Annual Insurance Premium |
|---|---|
| Brampton, ON | $3,426 |
| Scarborough, ON | $3,007 |
| Vaughan, ON | $2,669 |
| Mississauga, ON | $2,462 |
| Markham, ON | $2,333 |
| Toronto, ON | $2,317 |
| Barrie, ON | $2,090 |
| Oshawa, ON | $2,089 |
| London, ON | $2,011 |
| Windsor, ON | $2,008 |
| Thunder Bay, ON | $2,006 |
| Hamilton, ON | $1,845 |
| Sudbury, ON | $1,818 |
| Kitchener, ON | $1,786 |
| Kingston, ON | $1,716 |
| Ottawa, ON | $1,658 |
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:
| Car Model | Average Annual Insurance Premium |
|---|---|
| Mazda | $1,817 |
| Chevrolet | $1,878 |
| Infiniti | $2,021 |
| GMC | $2,104 |
| Nissan | $2,113 |
| Mini | $2,122 |
| Hyundai | $2,181 |
GMC Car Insurance Rates Through The Years
GMC premiums have climbed steadily since 2020, rising about 48% over the period as repair costs, theft and inflation pushed Ontario rates up. After a near-flat 2020–2021, increases accelerated from 2022 onward.
| Year | Average Annual Insurance Premium | YoY Change |
|---|---|---|
| 2020 | $1,426 | — |
| 2021 | $1,435 | +0.6% |
| 2022 | $1,670 | +16.4% |
| 2023 | $1,761 | +5.4% |
| 2024 | $1,884 | +7.0% |
| 2025 | $2,096 | +11.3% |
| 2026 | $2,104 | +0.4% |
GMC Car Insurance Rates by Model & Year Make
Not every GMC costs the same to insure. In our Ontario data the Canyon is the most affordable to cover, while the Terrain carries the highest premium, reflecting differences in value, repair cost and theft risk.
Here are average annual Ontario premiums by GMC model:
| Model | Average Annual Insurance Premium |
|---|---|
| Canyon | $1,936 |
| Sierra 1500 | $1,999 |
| Yukon | $2,104 |
| Acadia | $2,146 |
| Terrain | $2,209 |
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 GMC Canyon is the cheapest model to insure in Ontario, with an annual average insurance premium of $1,936.