Most states in the United States require you to have minimum liability coverage for your vehicle. This is determined by your state. If you cause an accident that results in bodily injury, or property damage, this coverage protects passengers and other drivers.
The average cost of car insurance is $565 for minimal liability coverage and $1674 for full coverage each year. Companies use multiple factors to determine the rate of car insurance. These include the make and model, driving record, where you live, and the type of coverage that you select.
These Chevrolet vehicles have received numerous awards for safety and resale values. To determine the best insurance value for multiple Chevrolet models, we provided quotes and then analyzed them.
- Chevrolet Cruze
- Chevrolet Equinox
- Chevrolet Malibu
- Chevrolet Silverado
- Chevrolet Traverse
Chevrolet car insurance: By model
Based on the average cost for full coverage car insurance per annum, the Traverse is the most affordable Chevrolet model to insure. The Equinox follows.
| Chevrolet Car Insurance | Average premium for full coverage annually |
|---|---|
| Chevrolet Cruze | $1,642 |
| Chevrolet Equinox | $1,467 |
| Chevrolet Malibu | $1,749 |
| Chevrolet Silverado | $1,682 |
| Chevrolet Traverse | $1,444 |
Chevrolet Cruze: The cheapest car insurance
We compared the quotes of five top car insurance companies to the Chevrolet Cruze. The Cruze was discontinued recently in North America. However, the hatchback or sedan is still available for purchase. USAA offers the lowest annual premiums for both full and liability coverage. Amica or Geico will be the cheapest for full coverage and minimum liability if you don’t meet USAA requirements.
| Car insurance company | Minimum coverage: Average annual premium | For full coverage, the average annual premium |
|---|---|---|
| USAA | $342 | $1,072 |
| Geico | $394 | $1,286 |
| State Farm | $514 | $1,416 |
| Erie | $430 | $1,320 |
| Amica | $367 | $1,326 |
Chevrolet Equinox: The cheapest car insurance
The Chevrolet Equinox is a crossover SUV that offers great gas mileage, ample cargo space and plenty of space for family members and their belongings. The 2021 model comes standard with Chevy Safety Assist, which can help lower costs and offer additional discounts. There are four trim options for the Equinox, with either front-wheel drive (or all-wheel). Amica’s annual premium for full coverage is the most expensive, while USAA has the lowest average annual rates for minimum insurance. Geico is the second-cheapest for both types of coverage.
| Car insurance company | Minimum coverage: Average annual premium | For full coverage, the average annual premium |
|---|---|---|
| USAA | $341 | $1,601 |
| Geico | $386 | $1,217 |
| State Farm | $438 | $1,264 |
| Erie | $430 | $1,306 |
| Amica | $396 | $1,199 |
Chevrolet Malibu has the lowest car insurance rates
The base MSRP for the Chevrolet Malibu is $23,065 and you can choose from five trim packages to customize your vehicle to suit your needs and tastes. The sedan comes with many standard safety features such as multiple airbags that will keep you and your loved ones safe in an accident, daytime running lights, hill assist, and electronic grade brake (hill assistance). USAA has the lowest average coverage rates and annual premiums for full coverage for the Malibu. Amica is second in minimum coverage, with Erie coming in second. Erie has the second-cheapest average premium for full coverage car insurance.
| Car insurance company | Minimum coverage: Average annual premium | For full coverage, the average annual premium |
|---|---|---|
| USAA | $350 | $1,239 |
| Geico | $387 | $1,477 |
| State Farm | $477 | $1,495 |
| Erie | $375 | $1,355 |
| Amica | $367 | $1,438 |
Chevrolet Silverado: The cheapest car insurance company
According to GM Authority, the Chevrolet Silverado is a top-selling Chevy vehicle for many years. The Silverado is a great pickup truck that can be used for work, towing a campervan or simply enjoying the open roads. You can customize your Silverado with multiple engine options and trim packages. Based on our research, USAA’s average annual rates are the lowest. They offer full coverage and minimum liability. Amica’s annual rates don’t fall far behind USAA’s. Geico and Erie follow closely behind for full and minimum coverage.
| Car insurance company | Minimum coverage: Average annual premium | For full coverage, the average annual premium |
|---|---|---|
| USAA | $358 | $1,134 |
| Geico | $393 | $1,317 |
| State Farm | $474 | $1,440 |
| Erie | $430 | $1,274 |
| Amica | $379 | $1,230 |
Chevrolet Traverse: The cheapest car insurance
The Chevrolet Traverse can seat up to eight people, but it doesn’t take away any cargo space that larger families may need. The Chevrolet Traverse is a top-five best-selling Chevy vehicle. It comes in seven trim options and an optional all-wheel drive (front wheel drive is standard). USAA is the best-selling minimum liability insurance policy, while Amica offers the best rates for full coverage. Amica and Geico share second place in minimum coverage, while USAA is second for full coverage annually cost.
| Car insurance company | Minimum coverage: Average annual premium | For full coverage, the average annual premium |
|---|---|---|
| USAA | $356 | $1,132 |
| Geico | $396 | $1,191 |
| State Farm | $450 | $1,288 |
| Erie | $430 | $1,349 |
| Amica | $396 | $1,097 |
Chevrolet also offers other car insurance coverage
Insurance experts recommend that you have coverages beyond what your state requires. If you are at fault in an accident, or you are injured due to the negligence of another party, car insurance can help you avoid having to take out self-insure. Although it may be tempting to choose the cheapest insurance company for your car, ensure they offer the coverages and limits that you require to protect yourself in the event of an accident.
Some vehicles from Chevrolet are the most affordable to insure. Others may be more costly. Car insurance is not only based on the vehicle’s value, but also your driving record, your location, and the crime statistics for your area.
These coverages may be helpful when you get quotes for your Chevrolet
- Comprehensive: Protection for windshields and broken glass, theft, vandalism and animal damage. This optional coverage is also known as other-than collision coverage. It may pay up the car’s book value for certain damages.
- Collision: This coverage is for Chevrolet owners who cause an accident that causes damage to their vehicle. It can pay to repair your car, or to cover the cost of the car’s replacement, if your vehicle is damaged in an accident.
- Gap insurance: Cars lose value as they are driven off the lot. The car’s value will continue to decline the more you drive it. Gap insurance is available if you finance or lease your vehicle. It will cover the difference if the car is damaged in an accident that is covered and your owe less.
- Roadside assistance: This covers you in case your car stops working, runs out fuel, dies, or your keys are locked inside. You can add roadside assistance to your Chevy insurance policy if it doesn’t already.
- Uninsured/underinsured motorist: This coverage is required in some states and optional in others. This coverage pays if your Chevy is involved with a hit-and run, or if you are hit by someone who doesn’t own insurance or has high enough liability limits to cover your injuries and property damage.
