Updated: October 25, 2024
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The average cost of insuring a Chevrolet depends on the model. For example, the Equinox is the cheapest Chevrolet model to insure at an average of $1,165 per year, while the Chevrolet Camaro ZL1 is the most expensive at $1,941.
If you want to find out how much it costs to insure your Chevrolet, MoneyGeek broke down the average rates for all major Chevrolet models as well as the cheapest providers.
How much does it cost to insure a Chevrolet? Several factors can affect auto insurance premiums, and your car model is a significant one. The list below outlines the different Chevrolet models examined by MoneyGeek and the cost to insure them, from cheapest to most expensive.
Various factors go into determining the cost of insurance for each model. For instance, some have a higher manufacturer’s suggested retail price (MSRP), and others are more expensive to repair. High horsepower vehicles, such as sports cars, tend to cost more to insure because they’re considered higher risk and subject to theft.
Model | Average Annual Premium |
|---|---|
$1,941 | |
$1,680 | |
$1,529 | |
$1,525 | |
$1,462 | |
$1,319 | |
$1,277 | |
$1,271 | |
$1,237 | |
$1,165 |
Overall, Chevrolets are moderately expensive to insure. Depending on the model, however, they can be expensive or inexpensive to insure. Your car insurance premiums will largely depend on your car’s model rather than the brand itself. MoneyGeek analyzed the insurance costs for 10 of Chevrolet’s most popular models and found that five are inexpensive to insure, one is considered moderate and four are expensive.
The Chevy Equinox is the most affordable car to insure from the Chevrolet brand, at an average of $1,165 per year. This is due to its low value and low horsepower. A low value means it is less costly to repair, and a low horsepower means the driver is less likely to get into a speed-related accident.
Conversely, the Chevrolet Camaro ZL1 is the most expensive model to insure in Chevrolet’s line of cars at an average of $1,941 annually. This is due to its classification as a sports car. Insurers see sports car drivers as more likely to engage in risky behavior, making the model typically more expensive to insure.
The Chevrolet Camaro ZL1 costs an average of $1,941 per year to insure across all model years. The sports car ranks as the most expensive of the 10 Chevrolet models included in MoneyGeek’s analysis.
Progressive is the cheapest insurer for this model, offering policies at an average annual cost of $1,640. On the other hand, Allstate has the most expensive policies at an average of $2,635 per year.
Company | Average Annual Premium |
|---|---|
$1,545 | |
$1,640 | |
$1,655 | |
$1,877 | |
$1,895 | |
Allied | $2,354 |
$2,635 |
Car insurance costs for a Chevrolet Camaro ZL1 can change significantly, depending on the model year, driver characteristics and the type of coverage you’re looking for.
The Chevrolet Corvette is considered expensive to insure, with policies averaging $1,680 per year. It ranks as the second most costly to insure among the 10 Chevrolet models examined by MoneyGeek.
Nationwide offers the cheapest policies for the Corvette at an average of $1,127 annually, while Allstate is the most expensive insurer at an average of $2,088 per year.
Company | Average Annual Premium |
|---|---|
$1,127 | |
Allied | $1,354 |
$1,504 | |
$1,598 | |
$1,680 | |
$1,887 | |
$2,088 |
Insurance rates for a Chevrolet Corvette depend on various factors, such as your age, car’s model year and the coverage you select.
The Chevy Bolt is the third most expensive car to insure out of the 10 Chevrolet models MoneyGeek analyzed, with policies costing an average of $1,529 per year. Compared to similar electric car models from other brands, this is considered expensive.
GEICO is the cheapest insurer for this model, with policies costing an average of $1,065 per year. At $2,188, Allied is the most expensive car insurance company.
Company | Average Annual Premium |
|---|---|
$1,065 | |
$1,266 | |
$1,420 | |
$1,581 | |
$1,620 | |
$2,021 | |
Allied | $2,188 |
Car insurance costs can vary for a Chevy Bolt — as with any brand or model — since it is based on a number of factors. For instance, insurers use your age, driving history, model year and coverage level to determine your rates.
At an average of $1,525 annually, a Chevrolet Camaro SS is expensive to insure compared to most brands and models. It ranks as the fourth most expensive car to insure from the 10 Chevrolet models analyzed by MoneyGeek.
With policies costing an average of $1,396 per year, GEICO is the most affordable insurance provider for the Chevrolet Camaro SS. Allied is the most expensive insurance provider at $1,776 per year on average.
Company | Average Annual Premium |
|---|---|
$1,166 | |
$1,396 | |
$1,472 | |
$1,551 | |
$1,682 | |
$1,769 | |
Allied | $1,776 |
Remember that car insurance costs for a Chevrolet Camaro SS can change quite a bit based on factors such as your age and driver profile and your car model year.
Drivers with a Chevrolet Camaro pay an average of $1,462 per year for auto insurance. It ranks fifth amongst the 10 other Chevrolet models in this analysis and is considered moderate compared to models from other brands.
MoneyGeek’s research shows that GEICO offers the cheapest policy for Chevrolet Camaro owners at an average cost of $1,339 per year. The most expensive insurer is Allstate at $1,789.
Company | Average Annual Premium |
|---|---|
$1,139 | |
$1,339 | |
$1,355 | |
$1,495 | |
$1,540 | |
Allied | $1,704 |
$1,789 |
Along with your age, driving history, and coverage level, the model year of your Chevrolet Camaro is an important factor that determines your auto insurance rates.
For drivers of a Chevy Tahoe, insurance premiums average $1,319 per year, which is considered inexpensive compared to other brands and models. This model ranks as the sixth least expensive out of the 10 Chevrolet models MoneyGeek evaluated.
The most affordable insurer for this model is GEICO, at an average of $1,214 per year. On the other hand, Allstate has the most costly premiums at $1,583 per year on average.
Company | Average Annual Premium |
|---|---|
$1,209 | |
$1,214 | |
$1,250 | |
$1,253 | |
$1,296 | |
Allied | $1,512 |
$1,583 |
Not all Chevy Tahoe owners will have the same premiums. Auto insurance rates depend on different factors, such as your age, level of coverage and model year of your car.
A Chevrolet Cruze costs an average of $1,277 per year to insure, which is considered inexpensive compared to other models from different brands. It ranks seventh least expensive out of the 10 models MoneyGeek examined.
GEICO is the cheapest insurer for Chevrolet Cruze owners at an average of $1,071 per year. The most expensive car insurance is through Allied at $1,691.
Company | Average Annual Premium |
|---|---|
$1,019 | |
$1,071 | |
$1,151 | |
$1,298 | |
$1,450 | |
$1,562 | |
Allied | $1,691 |
The cost to insure a Chevrolet Cruze can change depending on factors unique to you, such as your age, coverage level and the model year of your car.
Insuring a Chevy Malibu is considered inexpensive compared to other brands and models, with insurance premiums costing an average of $1,271 per year. In comparison to other Chevrolet models in this analysis, it ranks eighth out of 10 in terms of insurance cost.
GEICO has the most affordable rates for this car at an average of $1,120 per year. The most expensive car insurance company is Allied, at an average of $1,636 annually.
Company | Average Annual Premium |
|---|---|
$1,063 | |
$1,120 | |
$1,240 | |
$1,246 | |
$1,380 | |
$1,477 | |
Allied | $1,636 |
The cost to insure a Chevy Malibu can vary from owner to owner, as premiums are based on different factors such as your age, driving record, coverage level and car model year.
It costs an average of $1,237 per year to insure a Chevy Silverado. This is considered inexpensive compared to other brands and models. The pickup truck ranks ninth out of the 10 Chevrolet models MoneyGeek examined in terms of cost to insure.
GEICO offers the most affordable policies for a Chevy Silverado at an average of $1,070 per year. Allied has the most expensive premiums at an annual average of $1,522.
Company | Average Annual Premium |
|---|---|
$1,070 | |
$1,079 | |
$1,141 | |
$1,239 | |
$1,371 | |
$1,455 | |
Allied | $1,522 |
While it may cost an average of $1,237 per year to insure a Chevy Silverado, keep in mind that premiums can still vary. This is because insurers use your age, driving record, desired coverage levels, and the vehicle model year to determine your premiums.
The least expensive to insure among our 10 Chevrolet models in this analysis is a Chevrolet Equinox at an average of $1,165 per year. This is considered inexpensive compared to cars from other brands.
GEICO offers the cheapest policies for the Chevrolet Equinox, costing an average of $1,014 per year. Allied has the most expensive premiums, averaging $1,477 per year.
Company | Average Annual Premium |
|---|---|
$1,014 | |
$1,018 | |
$1,051 | |
$1,170 | |
$1,263 | |
$1,373 | |
Allied | $1,477 |
The average cost to insure a Chevrolet Equinox can vary significantly depending on factors including your age, driving record, desired coverage level and model year, among others.
Drivers may wonder why the cost to insure a Chevrolet varies so much. The answers to some of the most frequently asked questions below can help clear up the confusion.
It costs an average of $1,379 per year to insure a Chevrolet, but this can change dramatically depending on your model and the model year.
The Chevrolet Camaro ZL1 is the most expensive model to insure, costing an average of $1,941 annually.
The Chevy Equinox is the most affordable Chevrolet model to insure, with premiums averaging $1,165 per year.
MoneyGeek collected information about insurance provider rates for Chevrolets using a sample driver profile. In this scenario, the driver is a 40-year-old male purchasing a full coverage policy with the following coverages:
Rates represent averages and can provide guidance on what prices to expect but won’t match your specific rates.
About Mark Fitzpatrick
Mark Fitzpatrick is a Licensed Property and Casualty Insurance Producer and MoneyGeek's Head of Insurance. He has analyzed the insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. He has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.
Fitzpatrick earned a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.
