Our Insurance Partners
Since 1911, Chevrolet has been an important part of American car culture. They make a wide range of cars, from the electric Bolt EV and EUV to the high-performance Corvette Stingray. For many years, the Chevrolet Silverado line of pickups has been one of the top three vehicles sold in the U.S., competing for the top spot with the Ford F-Series and Ram Truck lines. This dominance has a significant impact on the insurance premium.
On November 3, 1911, in Detroit, the Chevrolet Motor Car Company was started. It was started by a Swiss race car driver and car engineer named Louis Chevrolet and William C. Durant, who had been kicked out of General Motors.
Chevrolet is one of the most popular and well-known car brands in the U.S., so it's surprising that so few drivers in the North Pole area know much about the company's history.
Etienne Planche made the Series C Classic Six, which was based on plans made by Louis Chevrolet. At the 1913 New York Auto Show, the first Series C Classic Six made for sale was shown.
Chevy's motto, "a car for every purse and every purpose," is just as true today as it was in 1919. Whether you're looking for a smart, fuel-efficient compact like the Chevy Cruze, a competitive SUV like the Trax, or a tough pickup truck like the Silverado, there's a Chevy model that will fit your lifestyle and your budget.
Chevrolet made a total of $76.3 billion around the world in 2020, while the total market revenue was $1.6 trillion. In 2020, Pickup Trucks, the largest type of passenger car, made up 29% of Chevrolet's revenue.
The Large SUVs segment was Chevrolet's second biggest market. It brought in 28% of the company's income in 2020. In terms of market share by revenue, Toyota (10.6%), Ford (7.3%), and Nissan (6.7%) are the top three companies in the world. Chevrolet had a market share of 4.7%.
Chevy owners pay an average of $1,728 a year for car insurance. This is almost 17 percent more than what car insurance usually costs. Your insurance rate is based on a lot of things, but the make and model of the car you drive is one of the biggest.
| Vehicle model | Average annual premium |
|---|---|
| Avalanche | $1,422 |
| Aveo | $1,434 |
| Bolt EV | $1,806 |
| Camaro | $1,818 |
| Captiva Sport | $1,314 |
| City Express Cargo | $1,410 |
| Colorado | $1,482 |
| Corvette | $2,550 |
| Corvette Stingray | $2,754 |
| Cruze | $1,566 |
| Cruze Limited | $1,506 |
| Equinox | $1,506 |
| Express | $1,470 |
| Express Cutaway | $1,602 |
| HHR | $1,290 |
| Impala | $1,650 |
| Impala Limited | $1,590 |
| Impala Limited Police | $1,602 |
| Malibu | $1,662 |
| Malibu Limited | $1,554 |
| Silverado | $1,770 |
| Silverado 1500 Hybrid | $1,638 |
| Silverado 2500HD | $1,494 |
| Silverado 3500HD | $1,554 |
| Silverado 3500HD CC | $1,554 |
| Sonic | $1,554 |
| Spark | $1,446 |
| Spark EV | $1,794 |
| SS | $2,346 |
| Suburban | $1,782 |
| Tahoe | $1,698 |
| Tahoe Hybrid | $1,782 |
| Traverse | $1,518 |
| Trax | $1,446 |
| Volt | $1,710 |
Compared to four of its biggest competitors, the average annual cost of car insurance for a Chevrolet is $1 more than for a Ford, $126 less than for a Ram, $2 less than for a Toyota, and $70 less than for a Nissan. Also, the average Chevy costs $84 more per year to insure than a Honda, $139 more than a Mazda, and $27 more than a Kia.
Since GMC is just a higher-end Chevy with a different logo, we don't really think of them as competitors since their sales go to the same GM account. But to finish the comparison, the average Chevy rate is $98 less per year than the average GMC rate.
| Automotive brand | Insurance cost | Difference |
|---|---|---|
| Chevrolet | $1,728 | -- |
| Acura | $1,948 | $220 |
| Audi | $2,263 | $535 |
| BMW | $2,289 | $561 |
| Cadillac | $1,841 | $113 |
| Dodge | $2,197 | $469 |
| Ford | $1,727 | -$1 |
| Genesis | $2,017 | $289 |
| GMC | $1,826 | $98 |
| Honda | $1,644 | -$84 |
| Hyundai | $1,717 | -$11 |
| Infiniti | $2,113 | $385 |
| Jeep | $1,861 | $133 |
| Kia | $1,701 | -$27 |
| Lexus | $2,002 | $274 |
| Lincoln | $1,896 | $168 |
| Mazda | $1,589 | -$139 |
| Mercedes-Benz | $2,302 | $574 |
| Mitsubishi | $1,802 | $74 |
| Nissan | $1,798 | $70 |
| Ram | $1,854 | $126 |
| Subaru | $1,642 | -$86 |
| Tesla | $2,152 | $424 |
| Toyota | $1,730 | $2 |
| Volkswagen | $1,670 | -$58 |
| Volvo | $1,844 | $116 |
The list below shows how much it costs on average to insure each of the five models.
Both liability-only and full coverage annual premiums are the least expensive with USAA. If you don't qualify for USAA (they only offer insurance to military members, veterans, and their families), Progressive and State Farm are the next cheapest in the list. But you should know that rates vary by driver and depend on your own needs, so the cheapest option for you may be different.
Chevrolet Camaro ZL1
| Company | Average annual premium |
|---|---|
| USAA | $1,550 |
| Progressive | $1,646 |
| Nationwide | $1,662 |
| State Farm | $1,878 |
| Allied | $2,356 |
| Allstate | $2,640 |
Chevrolet Corvette
| Company | Average annual premium |
|---|---|
| Nationwide | $1,132 |
| Allied | $1,360 |
| USAA | $1,511 |
| Progressive | $1,599 |
| State Farm | $1,889 |
| Allstate | $2,093 |
Chevy Bolt
| Company | Average annual premium |
|---|---|
| USAA | $1,271 |
| State Farm | $1,426 |
| Progressive | $1,588 |
| Nationwide | $1,621 |
| Allstate | $2,023 |
| Allied | $2,193 |
Chevrolet Camaro SS
| Company | Average annual premium |
|---|---|
| USAA | $1,171 |
| Progressive | $1,478 |
| Nationwide | $1,558 |
| State Farm | $1,683 |
| Allstate | $1,771 |
| Allied | $1,781 |
Chevrolet Camaro
| Company | Average annual premium |
|---|---|
| USAA | $1,144 |
| Progressive | $1,361 |
| Nationwide | $1,502 |
| State Farm | $1,541 |
| Allied | $1,706 |
| Allstate | $1,794 |
Chevy Tahoe
| Company | Average annual premium |
|---|---|
| USAA | $1,214 |
| Progressive | $1,256 |
| State Farm | $1,260 |
| Nationwide | $1,297 |
| Allied | $1,514 |
| Allstate | $1,588 |
Chevrolet Cruze
| Company | Average annual premium |
|---|---|
| USAA | $1,024 |
| Progressive | $1,157 |
| State Farm | $1,305 |
| Nationwide | $1,451 |
| Allstate | $1,564 |
| Allied | $1,696 |
Chevy Malibu
| Company | Average annual premium |
|---|---|
| USAA | $1,068 |
| Progressive | $1,246 |
| State Farm | $1,253 |
| Nationwide | $1,381 |
| Allstate | $1,479 |
| Allied | $1,641 |
Chevy Silverado
| Company | Average annual premium |
|---|---|
| USAA | $1,084 |
| Progressive | $1,147 |
| State Farm | $1,246 |
| Nationwide | $1,372 |
| Allstate | $1,457 |
| Allied | $1,527 |
Chevy Equinox
| Company | Average annual premium |
|---|---|
| USAA | $1,023 |
| Progressive | $1,057 |
| State Farm | $1,177 |
| Nationwide | $1,264 |
| Allstate | $1,375 |
| Allied | $1,482 |
Chevrolet Cruze
| Chevrolet Cruze car insurance | Average annual premium |
|---|---|
| Minimum coverage | $533 |
| Full coverage | $1,654 |
Chevrolet Malibu
| Chevrolet Malibu car insurance | Average annual premium |
|---|---|
| Minimum coverage | $509 |
| Full coverage | $1,752 |
Chevrolet Silverado
| Chevrolet Silverado car insurance | Average annual premium |
|---|---|
| Minimum coverage | $592 |
| Full coverage | $1,699 |
Chevy Equinox
| Chevrolet Equinox car insurance | Average annual premium |
|---|---|
| Minimum coverage | $503 |
| Full coverage | $1,474 |
| State | Average annual premium |
|---|---|
| Alabama | $1,895 |
| Alaska | $1,569 |
| Arizona | $1,774 |
| Arkansas | $1,938 |
| California | $2,159 |
| Colorado | $2,018 |
| Connecticut | $2,578 |
| Delaware | $2,136 |
| Florida | $2,536 |
| Georgia | $2,069 |
| Hawaii | $831 |
| Idaho | $1,439 |
| Illinois | $1,507 |
| Indiana | $1,549 |
| Iowa | $1,223 |
| Kansas | $1,627 |
| Kentucky | $2,355 |
| Louisiana | $3,022 |
| Maine | $1,147 |
| Maryland | $1,847 |
| Massachusetts | $1,482 |
| Michigan | $3,577 |
| Minnesota | $1,475 |
| Mississippi | $1,781 |
| Missouri | $1,679 |
| Montana | $1,701 |
| Nebraska | $1,439 |
| Nevada | $2,376 |
| New Hampshire | $1,655 |
| New Jersey | $1,824 |
| New Mexico | $1,856 |
| New York | $1,721 |
| North Carolina | $1,070 |
| North Dakota | $1,463 |
| Ohio | $1,306 |
| Oklahoma | $2,083 |
| Oregon | $1,890 |
| Pennsylvania | $1,593 |
| Rhode Island | $2,661 |
| South Carolina | $1,810 |
| South Dakota | $1,626 |
| Tennessee | $1,904 |
| Texas | $1,919 |
| Utah | $1,636 |
| Vermont | $1,261 |
| Virginia | $1,190 |
| Washington | $1,566 |
| West Virginia | $1,577 |
| Wisconsin | $1,575 |
| Wyoming | $1,471 |
Your Chevrolet insurance premium will depend on the coverage you choose. Each state has minimum insurance requirements to be met to drive Chevrolet legally.
These liability coverage requirements will protect other drivers if you cause an accident, but neither you nor your car will be covered.
Full coverage
| Coverage type | Protection offered |
|---|---|
| Collision coverage | Covers the costs associated with collisions with another vehicle or object |
| Comprehensive coverage | Covers costs of damages from an event other than a collision, like a weather event, theft, or vandalism. |
Minimum coverage
| Coverage type | Protection offered |
|---|---|
| Bodily injury liability (per person and accident) | Pays for the costs associated with the injuries you’ve caused to others |
| Property damage liability (per accident) | Pays for the costs associated with the damage you cause to other people’s vehicles or property |
The model of Chevrolet you drive
The model of your car can affect how much you pay for insurance. As was already said, if you choose the smaller Equinox instead of the bigger Chevy Suburban, your insurance costs will be less. Your insurance will be different, even for the same model.
Most models come in different trim levels, which are basically different versions of the same model with different features. Insurance rates can go up if the trim is higher.
Your insurance company
Each insurance company uses its own secret formula to figure out how much to charge for insurance. Try getting quotes from two different companies for the same coverage. You'll likely get two very different prices.
It's a good idea to get quotes from a lot of different insurers and compare them to find the best policy and price. But if you've ever done this, you know it can be boring and take a long time.
Your age
Your age helps insurance companies figure out how much you know and how risky you are. Younger drivers tend to get into more accidents, so they are considered "high-risk" drivers and have to pay more. Car insurance rates tend to be lower for older drivers with more experience.
Your driving record
When deciding on premiums, insurance companies also look at traffic tickets. If you have a few small offences on your record, your insurance rate might go up a little bit.
Serious offences, like driving under the influence or driving carelessly, have a much bigger effect on your rates and will stay on your record for a long time. But your insurance rates are likely to go down if you work on getting better at driving and keep a clean record.
Where you live
You might not realize how much your location can affect your premium. Rates of accidents, crimes, and natural disasters vary by area, as do premiums. Even in the same state, insurance rates for Chevys can be very different.
Your insurer will look at the risks that come with where you live. If there are a lot of car thefts, accidents, or bad weather in your city, you can expect to pay more for your insurance. This is because your insurance company is taking on more risk.
Experts say that you should buy more insurance than just the minimum liability limits required by your state. If you have car insurance, you won't have to pay for your own medical bills if you cause an accident or get hurt because of someone else's carelessness.
Even though it's tempting to go with the cheapest car insurance company, make sure they have the coverages and limits you need to protect your finances in case of an accident. Some of Chevrolet's cars are among the least expensive to insure, while others may cost more.
Car insurance depends on more than just the value of the car. It also depends on your driving record, where you live, and crime rates in your area, as well as the make and model of your car. Roadside assistance is a common type of insurance coverage that guarantees help if your car breaks down, runs out of gas, the battery dies, or you lock your keys in the car.
Gap insurance is another option. It pays the difference between what you still owe on your lease and what the car is worth. If you aren't sure what extra coverage you might need, you might want to talk to a licensed insurance agent.
Though our information can help you decide where to begin your search for smart auto insurance, comparing personalized quotes with Way.com will provide you with an accurate estimate. You can compare premiums instead of gathering insurance quotes from various insurers' websites. Using this quick, free, and simple method is the simplest way to find the best deal.
It is best if you conduct extensive research to find numerous reputable insurers from whom you can obtain smart insurance quotes. However, we can help you by providing you with a list of nearby insurers who can provide you with affordable rates based on variables you can change. Go to our insurance quote page to get started.
The auto insurance rates published in this guide are based on the results of research completed by Way.com’s data team. Using a mix of public and internal data, we analyzed millions of rate averages across U.S. ZIP codes.
Quotes are typically based on a full coverage policy average unless otherwise noted within the content.
These rates were publicly sourced from insurer filings and should be used for comparative purposes only — your own quotes will differ. Given this, it’s important to go through our insurance steps form to find how much you can save with way.com
The average cost to insure a Chevrolet is $1,728 per year, but this can change a lot depending on the model and year.
The most expensive model to insure is the Chevrolet Camaro ZL1, which costs an average of $1,965 per year.
The Chevy Equinox is the least expensive Chevy model to insure, with average annual premiums of $1,172.
Camaro drivers pay around an average of $160 per month for car insurance, while all U.S. drivers pay an average of $129 per month.
A Chevrolet Cruze has cheap insurance on average. It usually costs around $1,290 a year, which is $151 less than the average cost of living in the United States.
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