Chevrolet car insurance: What are the cheapest Chevrolet models to insure?

If you’re in the market for a new car, you might be considering one made by Chevrolet. After all, Chevy is known for producing some of the most iconic cars in America, including the Camaro and Impala. But it’s known for its modern vehicles, too, like its electric option, the Bolt.

Aside from choosing the best style and functionality, you’ll also want to keep costs in mind when shopping for a Chevy, including the cost of car insurance coverage. And the model you choose can make a big difference when estimating car insurance costs.

For example, the national average for all Chevrolet models combined is $1,652, based on rates for a 40-year-old male with full coverage car insurance.

So, before you drive off the lot in your new Chevrolet, find out how about car insurance costs for popular models and which options are the cheapest.

Contents

Table of Contents

Table of Contents

• Chevrolet car insurance cost by model
• Chevrolet Impala insurance cost
• Chevrolet Bolt insurance
• Chevrolet Camaro insurance
• Chevrolet Corvette insurance
• Chevrolet Silverado insurance cost
• Chevrolet Suburban insurance cost
• How to budget and save on Chevrolet car insurance

Chevrolet car insurance cost by model

You have a lot of options to choose from when it comes to Chevy models. From basic sedans to heavy-duty trucks, to sporty classics, there’s likely a car that fits your personality and lifestyle. Of course, you want to make sure that the cost of insuring your car fits your budget, too.

Here’s a look at the national average cost of insurance for each Chevrolet model.

As you can see, insurance costs vary quite a bit. However, these are just the national averages – insurance costs can also change depending on factors such as where you live and the model year.

So to give you even more insight into how much it costs to insure a Chevrolet, we examined a few of their most popular models below.

Chevrolet Impala insurance cost

The Impala has been around since 1958 when Chevrolet first debuted this model. Since then, it’s gone in and out of production. Its last run began in 2000, replacing the Lumina as Chevy’s large sedan, and was finally discontinued in 2020. That year, its starting MSRP was $32,495 for the LT model.

It also came in a Premier trim, which ran just over $40,000 with all the bells and whistles. It receives an overall 5-star safety rating from the National Highway Traffic Safety Administration (NHTSA).

The cost to insure a Chevy Impala varies by state. For example, the highest rates can be found in Michigan ($3,466). On the other hand, some of the cheapest rates were found in New Hampshire ($1,003).

Car insurance cost for used Chevrolet Impala

The Impala is a fairly inexpensive model to insure compared to other cars produced by Chevrolet. Below is a look at average yearly premiums according to the model year.

Chevrolet Bolt insurance

The Bolt is a relatively affordable electric vehicle produced by Chevrolet, with a 259-mile range. It started off as a hatchback but has been updated to a small SUV for the 2022 model year.

The 2021 model has a base MSRP of $36,500 – $41,700, depending on the trim selected.

The NHTSA gives the 2021 Bolt an overall safety rating of five stars. There has been one recall for the battery, which had issues with catching fire.

The average insurance rate for the Chevy Bolt is $1,696 per year. However, you may spend much more or less depending on where you live. The highest insurance rates for the Bolt are in Louisiana ($2,565) and the lowest rates are in Maine ($1,037).

Car insurance cost for used Chevrolet Bolt

The Bolt is also a relatively inexpensive model to insure. Due to an increase in used car prices among other factors, a used model Bolt is more expensive to insure than the newer 2021 model.

Chevrolet Camaro insurance

The Chevy Camaro has been an American classic muscle car since 1967. It received a modern upgrade with the fifth generation, which Chevrolet began producing in 2010. The Camaro is a midsize sports coupe with a starting MSRP of 25,000 for the 2021 base LS model.

The Camaro receives a 5-start overall safety rating from the NHTSA. However, there are three recalls for this model year.

Because it’s a sports car, the Chevy Camaro is more expensive to insure overall. The 2021 annual rate is $1,881. However, insurance rates in some states can be higher or lower.

For example, the most expensive state to insure a Camaro is Louisiana ($3,516). The least expensive state to insure a Camaro is Maine ($1,165).

Car insurance cost for used Chevrolet Camaro

If you want to save on insuring a Camaro by buying a used model, know that it will still be relatively expensive compared to other Chevy models and in some cases, even higher.

Chevrolet Corvette insurance

The Corvette is another longtime classic muscle car produced by Chevrolet that’s been around since the ‘50s. It’s a two-door, two-passenger mid-engine sports car with a starting MSRP of $59,900 for the 2021 1LT model, making it one of Chevy’s most expensive vehicles.

The NHTSA doesn’t provide a safety rating for the Camaro, but the IIHS gives it a “good” in almost all crashworthiness categories.

As a high-profile sports car, the Corvette is also Chevy’s most expensive model to insure, with a national average annual premium of $2,244.

The average cost to insure a Corvette is cheaper in some states, like New Hampshire ($1,425). The most expensive location to insure a Corvette is the District of Columbia ($4,313).

Car insurance cost for used Chevrolet Corvette

Buying a used model can sometimes mean saving quite a bit on your annual insurance premium. However, like many used car models currently, the cost to insure a 2021 Corvette is actually a bit less than its prior four model years.

Chevrolet Silverado insurance cost

The Silverado is Chevy’s heavy-duty pickup truck, which comes in eight different trims and six powertrain options. The 2021 base model has a starting MSRP of $29,300, while the strongest model – the HD – starts at $35,300.

The NHTSA gives the 2021 Silverado a four-star safety rating and notes there are a few recalls.

The cost to insure a Chevy Silverado is on the higher end, with a national average annual premium of $1,704. You can find cheaper average insurance costs in states like Maine ($1,080) but expect higher rates in states like Louisiana ($3,134).

Car insurance cost for used Chevrolet Silverado

The Chevrolet Silverado is less expensive to insure if you choose a model that’s a few years older. In fact, the national average premium drops below $1,000 for the 2017 model year. Newer models increase in cost, especially for 2020.

Chevrolet Suburban insurance cost

The suburban is a large-size SUV produced by Chevrolet. The 2021 model, which has a starting MSRP of $52,300, was named the “best large SUV for families” by U.S. News & World Report.

It also receives a four-star overall safety rating from the NHTSA. However, this model does have several safety recalls, related to its seatbelts, power steering and airbag light.

Since the Suburban is one of Chevy’s more expensive vehicles and an SUV, its insurance costs are also on the higher end. The national average premium for the 2021 model is $1,768 per year.

The average cost is higher in some states, like Michigan ($3,041). The cheapest average insurance rates are found in Ohio ($1,192) and Wisconsin (also $1,192).

Car insurance cost for used Chevrolet Suburban

The average cost to insure a Chevy Suburban drops slightly for older models, except 2019 where the cost to insure rises above the 2021 model cost by around $108.

How to budget and save on Chevrolet car insurance

The car you choose will have a big impact on how much you pay for auto insurance.

For example, high-end luxury vehicles and sports cars are usually much more expensive to insure because the repair costs are much higher. Plus, some vehicles are associated with more risky driving behaviors.

So, if you’re looking to save money on Chevrolet car insurance, choosing a less expensive model can help.

Certain personal factors also impact your car insurance rates. While you can’t control certain things like your gender or age, you can make sure that your driving history and credit score are in top shape, which will help keep rates low.

And though you probably don’t want to move cross-state just to save on auto insurance, it is important to understand that factors such as state laws and driving conditions can cause insurance rates to be higher in certain states than others.

If you live in a state where average premiums are more expensive, keep this in mind when budgeting for the cost of a new vehicle.

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