Introduction
If you just bought a Chevy, you might be wondering what kind of coverage is ideal for your car. Of course, there are other factors that may affect your choice in addition to the make and model of your car. Your own tastes in areas like the digital app experience, customer service, coverage alternatives, and offered savings are crucial factors to take into account.
According to a 2021 Bankrate analysis of quoted yearly premiums given by Quadrant Information Services, the average cost of full coverage auto insurance is $1,674 annually. However, a number of variables, like as your age, driving record, and, in some jurisdictions, your gender and credit score, will determine the exact cost you will incur.
Chevy car models included in this review:
- Chevrolet Cruze
- Chevrolet Equinox
- Chevrolet Malibu
- Chevrolet Silverado
- Chevrolet Traverse
How much does it cost to insure a Chevrolet?
Based on a 2019 Toyota Camry, the average cost of full coverage auto insurance is $1,674 per year. The typical cost of car insurance frequently changes depending on the brand and model of your car. Insurance companies consider some automobiles to be riskier than others. A automobile with the most recent safety features, for instance, would probably cost less to insure than a quick sports car with a high claims risk. Fortunately, new Chevrolets are equipped with a variety of safety measures. The price you pay for auto insurance could be influenced by the following elements.
- Price of parts: American-made vehicles like Chevrolet have cheaper parts, which tends to make them cheaper to fix. For that reason, insurance premiums may be lower for cars with cheaper parts.
- Safety features: Chevrolet’s plentiful safety features – such as 24/7 OnStar assistance, safety alert seats, automatic emergency braking and following distance indicator – may contribute to lower auto insurance premiums.
- Body style: The model of your Chevrolet will factor into your insurance cost. For instance, it may be more expensive to insure a Chevy Corvette Stingray, which is a fast sports car, than to insure a Chevy Equinox, a compact SUV. Insurance providers typically consider fast cars to be at greater risk for future claims.
Car insurance for Chevrolet: by model
The Traverse is the cheapest Chevrolet model to insure out of the models we received quotes for, followed by the Equinox, according to the estimates received for the typical cost of full coverage auto insurance per year.
Car insurance for Chevrolet Cruze
Although the Cruze was recently discontinued in North America, this affordable sedan or hatchback is still on the market, which is likely fantastic news for people seeking for a low-cost car. The IIHS rated the car’s accident avoidance technologies as “basic,” which could modestly raise your insurance price. However, typical Chevy Cruze prices are close to the US average.
| Chevrolet Cruze car insurance | Average annual premium |
|---|---|
| Minimum coverage | $527 |
| Full coverage | $1,642 |
Car insurance for Chevrolet Equinox
The Chevrolet Equinox is regarded as an SUV crossover with excellent fuel economy, loads of cargo capacity, and space for a family and their stuff. The 2021 model includes Chevy Safety Assist as standard equipment, which can save expenses through additional auto insurance discounts. The Equinox’s front crash prevention system received a “superior” rating from the IIHS, which may be a factor in the Equinox’s affordable insurance rates.
| Chevrolet Equinox car insurance | Average annual premium |
|---|---|
| Minimum coverage | $495 |
| Full coverage | $1,467 |
Car insurance for Chevrolet Malibu
The Chevrolet Malibu comes in five trim levels so you can customize it to your preferences and requirements. Daytime running lamps, electronic grade braking (hill assist), several air bags to protect you and your family in the event of an accident, as well as other standard safety equipment, are all included in this sedan. While the cost of minimal liability coverage is somewhat less expensive, the average Chevrolet Malibu full coverage insurance rate is marginally more than the national average.
| Chevrolet Malibu car insurance | Average annual premium |
|---|---|
| Minimum coverage | $504 |
| Full coverage | $1,749 |
Car insurance for Chevrolet Silverado
According to GM Authority, the Chevrolet Silverado has consistently been one of Chevy’s best-selling models. The Silverado is a capable pickup truck that is suitable for work, hauling a camper for the family, or simply cruising. The Silverado is simple to modify for your needs thanks to a variety of trim packages and engine options. The optional accident avoidance and mitigation system for the 2021 Chevrolet Silverado 1500 received a “superior” grade from IIHS. Remember that doing so might result in premium savings. Overall, Silverado costs for both full and minimal liability coverage are close to the national norms.
| Chevrolet Silverado car insurance | Average annual premium |
|---|---|
| Minimum coverage | $585 |
| Full coverage | $1,682 |
Car insurance for Chevrolet Traverse
The Chevrolet Traverse can accommodate up to eight passengers without sacrificing the cargo room that larger families require. It’s understandable why the Traverse is one of Chevy’s top five best-selling models given its seven available trims and optional all-wheel drive (front-wheel drive is standard). Because Chevy Traverse’s optional accident prevention features received a “superior” rating from IIHS, this may help to explain why the model has the lowest full coverage insurance prices of any car in this article.
| Chevrolet Traverse car insurance | Average annual premium |
|---|---|
| Minimum coverage | $506 |
| Full coverage | $1,444 |
Cheapest car insurance companies for Chevrolets as at February 2023
We evaluated prices from the top five Chevrolet auto insurance providers. We discovered that USAA offers both liability-only and full coverage annual premiums at the lowest prices. Amica and Geico are the next-cheapest options for minimal liability and full coverage, respectively, if you don’t satisfy the requirements to join USAA (which only offers insurance to service personnel, veterans, and their dependents). However, it is important to remember that prices may vary depending on the driver and your specific needs, so the most affordable choice for you might be different.
Average annual premium for full coverage by model
| Car insurance company | Chevrolet Cruze | Chevrolet Equinox | Chevrolet Malibu | Chevrolet Silverado | Chevrolet Traverse |
|---|---|---|---|---|---|
| Amica | $1,326 | $1,199 | $1,438 | $1,230 | $1,097 |
| Erie | $1,320 | $1,306 | $1,355 | $1,274 | $1,349 |
| Geico | $1,286 | $1,217 | $1,477 | $1,317 | $1,191 |
| State Farm | $1,416 | $1,264 | $1,495 | $1,440 | $1,288 |
| USAA | $1,072 | $1,061 | $1,239 | $1,134 | $1,132 |
Features of the Chevrolet that affect insurance rates
The following typical Chevrolet safety features may result in decreased insurance costs:
With adaptive cruise control, you can automatically maintain a set distance behind the vehicle in front of you. Your car will brake if the driver in front of you does.
The forward collision warning system employs sensors to warn the driver when a car is approaching too closely. Your automobile will sound an alert if you are rapidly approaching a vehicle and not braking. The forward collision alarm does not apply the brakes for you.
Safety measures for teen drivers: One of these features is the Buckle-to-Drive system, which forbids the driver of the car from moving unless their seatbelt is buckled.
Conclusion
Once you’ve decided whatever coverage choices you want, you might wish to compare prices from several suppliers to obtain the best deal on auto insurance.
Chevrolet offers a variety of vehicles, some of which have the most affordable insurance rates. The cost of automobile insurance depends on a number of factors besides the value of the vehicle, such as your own driving history, where you live, the crime rate in your neighborhood, and the brand and model of the vehicle you drive.