Chevrolet makes a vehicle for just about everyone, ranging from classy sports cars to trucks to everyday sedans. But regardless of the specific model you buy, it needs the right insurance coverage. The average cost of car insurance for a Chevy, across all the models we compared, is about $1,880 per year. This comes in higher than the current overall national average of $1,759 per year.
An independent insurance agent can help you get set up with the right kind of car insurance for your specific Chevy model. They'll make sure you get matched to the right policy for you. For starters, though, here's a deep dive into Chevrolet insurance.
In This Article:
How Much Does a Chevrolet Cost to Insure by Model?
Are Chevys Expensive to Insure?
Why Do Insurance Costs Differ between Chevrolet Models?
How Much Is Car Insurance for a Chevy Camaro?
How Much Is Car Insurance for a Chevy Corvette?
How Much Is Car Insurance for a Chevy Bolt?
How Much Is Car Insurance for a Chevy Tahoe?
How Much Is Car Insurance for a Chevy Cruze?
How Much Is Car Insurance for a Chevy Malibu?
How Much Is Car Insurance for a Chevy Silverado 1500?
How Much Is Car Insurance for a Chevy Equinox?
What Other Factors Affect Chevrolet Insurance Costs?
FAQs About Chevrolet Insurance
How to Save the Most Money on Chevy Insurance
How Much Does a Chevrolet Cost to Insure by Model?
The cost of car insurance is influenced by the vehicle's make and model, among other factors. The same driver could pay quite different amounts to insure two different Chevy models. We've compared average insurance rates for the most popular Chevrolet models to give you a better idea.
| Chevrolet Model | Average Cost of Car Insurance Per Year |
|---|---|
| Chevy Camaro | $2,985 |
| Chevy Corvette | $3,036 |
| Chevy Bolt | $1,932 |
| Chevy Tahoe | $1,833 |
| Chevy Cruze | $1,703 |
| Chevy Malibu | $2,034 |
| Chevy Silverado 1500 | $1,914 |
| Chevy Equinox | $1,737 |
No matter which Chevy you drive, a local independent insurance agent can help you find the most affordable car insurance near you.
Are Chevys Expensive to Insure?
On average, Chevys are more expensive to insure than the overall national average, but not by much. Car insurance costs vary not just by the manufacturer but also by the specific model.
It also depends on the specific model you choose. For example, the Chevy Corvette was by far the most expensive model we compared to insure, but models like the Chevy Cruze and Chevy Equinox were highly affordable, even compared to the national average rate.
Why Do Insurance Costs Differ Between Chevys?
Chevrolet insurance rates vary by model. Our research found that the Chevy Cruze was the most affordable popular Chevrolet model to insure, with an average annual cost of just $1,703.
A few factors could influence these lower costs, such as this model having a lower overall value and horsepower than other Chevys. Due to these factors, this specific model is seen by insurance companies as less of a risk for disasters such as traffic accidents and liability claims.
On the other hand, we found the Chevy Corvette is the most expensive model on this list to insure, at an average rate of of $3,036 per year. The Chevy Corvette is classified as a sports car, which automatically drives up insurance premiums.
Car insurance companies have noticed trends in sports car drivers over time, including a higher risk of accidents or traffic violations. As a result, these models must have higher premium rates.
How Much Is Car Insurance for a Chevy Camaro?
Technically classified as a sports car, the Chevy Camaro is the second-most expensive model we compared, with an average annual premium of $2,985. Take a look at some average insurance costs for this model from top-rated insurance carriers.
| Top Insurance Companies | Average Annual Insurance Cost |
|---|---|
| Erie | $1,922 |
| Progressive | $2,017 |
| American Family | $2,024 |
| USAA | $2,139 |
| Nationwide | $2,541 |
How Much Is Car Insurance for a Chevy Corvette?
The Chevy Corvette has the highest insurance premiums among the Chevy models we reviewed, with an average premium of $3,036 per year. This is well above the national average cost for car insurance.
| Top Insurance Companies | Average Annual Insurance Cost |
|---|---|
| Nationwide | $1,910 |
| Erie | $2,343 |
| Progressive | $3,281 |
| American Family | $3,459 |
| USAA | $5,601 |
How Much Is Car Insurance for a Chevy Bolt?
The Chevy Bolt is the fifth most expensive Chevy model to insure, with an average annual premium of $1,932.
| Top Insurance Companies | Average Annual Insurance Cost |
|---|---|
| Nationwide | $1,628 |
| USAA | $1,753 |
| American Family | $1,765 |
| Progressive | $1,963 |
| Erie | $2,030 |
How Much Is Car Insurance for a Chevy Tahoe?
The Chevy Tahoe is the third most affordable Chevrolet model on our list to insure, at an average of $1,833 per year.
| Top Insurance Companies | Average Annual Insurance Cost |
|---|---|
| American Family | $1,685 |
| Nationwide | $1,694 |
| Progressive | $1,755 |
| Erie | $1,962 |
| USAA | $1,986 |
How Much Is Car Insurance for a Chevy Cruze?
The Chevy Cruze is one of only two Chevy models to fall below the current national average for car insurance, at $1,703 per year. It's an affordable choice for many Chevy fans.
| Top Insurance Companies | Average Annual Insurance Cost |
|---|---|
| USAA | $1,350 |
| American Family | $1,467 |
| Progressive | $1,522 |
| Erie | $1,861 |
| Nationwide | $2,592 |
How Much Is Car Insurance for a Chevy Malibu?
Insurance rates for the Chevy Malibu are around $2,034 per year, on average. This puts the Malibu around the middle of the pack for insurance rates among the Chevy models we reviewed.
| Top Insurance Companies | Average Annual Insurance Cost |
|---|---|
| USAA | $1,640 |
| Progressive | $1,964 |
| Erie | $2,366 |
| Nationwide | $2,502 |
| American Family | $2,909 |
How Much Is Car Insurance for a Chevy Silverado 1500?
The Chevy Silverado 1500 is the fourth most affordable Chevrolet model to insure on our list, with an average premium of $1,914 per year. This makes it a highly desirable option for drivers looking for an affordable Chevy to insure.
| Top Insurance Companies | Average Annual Insurance Cost |
|---|---|
| Progressive | $1,705 |
| American Family | $1,754 |
| USAA | $1,802 |
| Erie | $1,973 |
| Nationwide | $1,975 |
How Much Is Car Insurance for a Chevy Equinox?
The Chevy Equinox is the second-most affordable Chevrolet model to insure on this list, at an average of $1,737 per year. The only model we compared that's cheaper to insure is the Chevy Cruze.
| Top Insurance Companies | Average Annual Insurance Cost |
|---|---|
| USAA | $1,556 |
| American Family | $1,597 |
| Progressive | $1,656 |
| Erie | $1,656 |
| Nationwide | $1,873 |
What Other Factors Affect Chevrolet Insurance Costs?
Car insurance rates are calculated not only by the vehicle's make and model but also by many other factors. Some other major factors that impact car insurance premiums are:
- Location
- Coverage types and amounts chosen
- Deductible amount chosen
- Driver history
- Driver credit score
- Driver age and gender
- Driver marital status
The insurance company you go through also clearly affects the cost of your coverage. But no matter where you get your coverage, you can usually earn a nice discount if you bundle your auto policy with another coverage like home insurance, via the same carrier. An independent insurance agent can also easily assist you with finding the most affordable car insurance options in your area.
FAQs About Chevrolet Insurance
How much is Chevrolet insurance on average?
Our research found that car insurance for Chevys costs an average of $1,880 annually. This is nearly $100 above the overall national average of $1,759 per year for car insurance.
What's the most expensive Chevy model to insure?
We found that the Chevy Corvette is the most expensive Chevrolet model to insure, at an average of $3,036 per year. Compared to all other Chevy models on this list, owners of this vehicle will likely spend more for coverage each year.
What's the cheapest Chevy model to insure?
We found that the Chevy Cruze was the cheapest Chevrolet model to insure of those we compared, at an average rate of just $1,703 per year. This is below the overall national average annual rate for car insurance.
How to Save the Most Money on Chevrolet Car Insurance
Working together with an independent insurance agent can be your best bet at saving the most money possible on Chevy insurance. An independent insurance agent can shop and compare policies from many different local carriers for you. Even better, they'll help you score any discounts you're eligible for to bring those rates down even further.
Sources
https://www.thezebra.com/auto-insurance/how-to-shop/average-auto-insurance/
https://www.thezebra.com/auto-insurance/vehicles/chevrolet/
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https://www.thezebra.com/auto-insurance/vehicles/chevrolet/bolt-ev/
https://www.thezebra.com/auto-insurance/vehicles/chevrolet/tahoe/
https://www.thezebra.com/auto-insurance/vehicles/chevrolet/cruze/
https://www.thezebra.com/auto-insurance/vehicles/chevrolet/malibu/
https://www.thezebra.com/auto-insurance/vehicles/chevrolet/silverado-1500/
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