Car insurance for Chevrolets

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In most U.S. states, you’re required by law to have a certain minimum amount of liability insurance coverage on your vehicle, determined by the state you live in. This coverage protects other drivers and passengers if you cause an accident resulting in bodily injury or property damage.

The average cost of car insurance in the U.S. is $565 for minimum liability coverage and $1,674 for full coverage annually. To determine your rate for car insurance, companies use multiple factors, including the make and model of your car, your driving history, where you live and the type of coverage you choose.

The Chevrolet vehicles listed below have numerous awards for safety, resale value, pick of the year and more. Quotes were provided and analyzed for each model to determine the best value on insurance for several Chevrolet models:

  • Chevrolet Cruze
  • Chevrolet Equinox
  • Chevrolet Malibu
  • Chevrolet Silverado
  • Chevrolet Traverse

Car insurance for Chevrolet: by model

According to the quotes received for the average cost of full coverage car insurance per year, the cheapest Chevrolet to insure of the models we gathered quotes for is the Traverse, followed by the Equinox.

Chevrolet Car Insurance Average annual full coverage premium
Chevrolet Cruze $1,642
Chevrolet Equinox $1,467
Chevrolet Malibu $1,749
Chevrolet Silverado $1,682
Chevrolet Traverse $1,444

Cheapest car insurance companies for Chevrolet Cruze

We compared quotes from the five best car insurance companies for the Chevrolet Cruze. Though the Cruze was discontinued in North America recently, this economical sedan or hatchback is still available used, which is great news for those looking for an inexpensive vehicle. We found that USAA has the cheapest rates for both liability-only and full coverage annual premiums. If you don’t meet the criteria to join USAA (they only provide insurance for military members, veterans and their family), Amica and Geico are second cheapest for minimum liability and full coverage, respectively.

Car insurance company Average annual premium for minimum coverage Average annual premium for full coverage
USAA $342 $1,072
Geico $394 $1,286
State Farm $514 $1,416
Erie $430 $1,320
Amica $367 $1,326

Cheapest car insurance companies for Chevrolet Equinox

The Chevrolet Equinox is considered an SUV crossover, with great gas mileage and ample cargo space with lots of room for a family and their belongings. Chevy Safety Assist comes standard with the 2021 model, which can drive down costs with additional discounts. The Equinox comes in four trim packages with the option for front-wheel drive or all-wheel drive. USAA has the cheapest average annual rates for minimum liability while Amica has the cheapest annual premium for full coverage. Geico is second cheapest for both coverage types.

Car insurance company Average annual premium for minimum coverage Average annual premium for full coverage
USAA $341 $1,601
Geico $386 $1,217
State Farm $438 $1,264
Erie $430 $1,306
Amica $396 $1,199

Cheapest car insurance companies for Chevrolet Malibu

The Chevrolet Malibu has a base MSRP of $23,065 with five different trim packages to tailor your car to your tastes and needs. This sedan offers lots of standard safety features, including multiple airbags to help keep you and your family safe during an accident, daytime running lamps, electronic grade braking (hill assist) and more. When comparing quotes for the Malibu, USAA once again has the cheapest average coverage rates for minimum liability and full coverage annual premiums. Amica comes in second for minimum coverage with Erie having the second cheapest average premiums for full coverage car insurance.

Car insurance company Average annual premium for minimum coverage Average annual premium for full coverage
USAA $350 $1,239
Geico $387 $1,477
State Farm $477 $1,495
Erie $375 $1,355
Amica $367 $1,438

Cheapest car insurance companies for Chevrolet Silverado

The Chevrolet Silverado has been one of Chevy’s top sellers for years, according to GM Authority. The Silverado can be a good pickup truck to use for work, towing a family camper or just enjoying on the open road. With multiple options for trim packages and engine choices, it’s easy to customize the Silverado for your needs. USAA has the cheapest average annual rates based on our research for minimum liability and full coverage. Amica’s annual rates aren’t far behind USAA’s, with Geico and Erie following close behind for minimum and full coverage, respectively.

Car insurance company Average annual premium for minimum coverage Average annual premium for full coverage
USAA $358 $1,134
Geico $393 $1,317
State Farm $474 $1,440
Erie $430 $1,274
Amica $379 $1,230

Cheapest car insurance companies for Chevrolet Traverse

The Chevrolet Traverse has seating for up to eight people without taking away the cargo space larger families need. With seven different trim packages and optional all-wheel drive (front-wheel drive is standard), it’s easy to see why the Traverse is also in the list of top five best-sellers for Chevy. Once again, USAA offers the cheapest average annual price for minimum liability coverage with Amica offering the lowest rates for full coverage per year. Amica and Geico tie for second place for minimum coverage while USAA comes in second to Amica for full coverage annual cost.

Car insurance company Average annual premium for minimum coverage Average annual premium for full coverage
USAA $356 $1,132
Geico $396 $1,191
State Farm $450 $1,288
Erie $430 $1,349
Amica $396 $1,097

Other car insurance coverage for Chevrolet

Whether you purchase one of the vehicles listed here, or an Avalanche, Camaro or Corvette from Chevy’s lineup, there are coverages recommended by insurance experts beyond the minimum liability limits required by your state. Car insurance coverage can protect you from having to self-insure if you’re at-fault in an accident or injured because of someone else’s negligence. Though it’s tempting to go with the cheapest car insurance company, make sure they have the coverages and limits you need to protect yourself financially in an accident.

Some of Chevrolet’s lineup of vehicles are the cheapest cars to insure, while others may be more expensive. Car insurance is based on a number of factors other than the value of the car, including your personal driving record, where you live and crime statistics in your area and for the make and model you drive.

When getting quotes for your Chevrolet, it may be worth considering including these coverages:

  • Comprehensive: Coverage for broken vehicle glass (windows and windshields), if you hit an animal, theft and vandalism. Also called other-than-collision coverage, this optional feature on your car insurance may pay up to the book value of your car for these specified damages.
  • Collision: If you cause an accident resulting in damage to your Chevrolet, collision coverage may be a good idea. Just like comprehensive, it can pay to fix your car or up to the book value to you directly if your car is deemed totaled as the result of a covered accident.
  • Gap insurance: A car loses value when it’s driven off the lot and the value continues to decrease the more it’s driven. If you finance your car or lease it, gap insurance will pay the difference if your car is totaled in a covered accident and the book value is less than you owe.
  • Roadside assistance: This coverage helps you if your car breaks down, runs out of fuel, the battery dies or you lock your keys in the car. If your Chevy doesn’t come with roadside assistance coverage, consider adding it to your car insurance policy.
  • Uninsured/underinsured motorist: This coverage is required in some states and optional in others. It pays if your Chevy is involved in a hit-and-run, or you’re hit by a driver who doesn’t have insurance or doesn’t have high enough liability limits to pay for your injuries and property damage.

Methodology

Bankrate utilizes Quadrant Information Services to analyze 2021 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Quoted rates are based on a 40-year-old male and female driver with a clean driving record, good credit and the following full coverage limits:

  • $100,000 bodily injury liability per person
  • $300,000 bodily injury liability per accident
  • $50,000 property damage liability per accident
  • $100,000 uninsured motorist bodily injury per person
  • $300,000 uninsured motorist bodily injury per accident
  • $500 collision deductible
  • $500 comprehensive deductible

To determine minimum coverage limits, Bankrate used minimum coverages that meet each state’s requirements. Our base profile drivers commute five days a week, drive 12,000 miles annually and were evaluated using the following cars:

  • 2019 Chevrolet Cruze
  • 2019 Chevrolet Equinox
  • 2019 Chevrolet Malibu
  • 2019 Chevrolet Silverado
  • 2019 Chevrolet Traverse

These are sample rates and should only be used for comparative purposes.

Written by
Mandy Sleight
Insurance Contributor
Mandy Sleight has been a licensed insurance agent since 2005. She has three years of experience writing for insurance websites such as Bankrate.com, MoneyGeek and The Simple Dollar. Mandy writes about auto, homeowners, renters, life insurance, disability and supplemental insurance products.