Car insurance for Chevrolet

Factors that impact insurance costs

• Is Chevy car insurance expensive?

  Overall, Chevrolet car insurance tends to be on the more affordable end of the spectrum compared to other vehicle makes, but it truly depends on the model car and your driving record, among other factors. For example, full coverage car insurance for the Chevrolet Corvette averages $3,502 per year, while the Malibu is only $2,789 for the same coverage. Insurance rates vary drastically between drivers, vehicles and insurance carriers. Getting a personalized quote is the best way to find rates that work within your budget.

• Do Chevrolets have good resale value?

  Chevy models can hold their resale value relatively well, but it depends on several factors such as the condition of the vehicle, mileage and if the Chevy model you have has a high market demand. The Tahoe, Corvette and Silverado tend to keep their value better than other vehicles in the Chevy lineup.

• Are Chevys 100 percent American-made?

  While Chevys are considered classically American, they are not entirely made in America, but no vehicle truly is. Many Chevys are assembled in the U.S. at plants located in Missouri, Kentucky, Indiana and Texas, but some vehicle parts are made in Mexico, Canada and overseas.

Methodology

Bankrate utilizes Quadrant Information Services to analyze September 2025 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Rates are weighted based on the population density in each geographic region. Quoted rates for our base profile are based on the following characteristics and full coverage limits with bundling and paperless billing discounts applied:

40 year old

Single male and female driver

2023 Toyota Camry

Primary vehicle

Good credit score

Clean driving record

Commutes 5 days

Bodily injury liability

$100,000 per person
$300,000 per accident

Property damage liability

$50,000 per accident

Personal injury protection

$100,000 per accident

Uninsured motorist bodily injury

$100,000 per person
$300,000 per accident

Collision deductible

$500

Comprehensive deductible

$500

• Credit-based insurance scores:

  Rates were calculated based on the following insurance credit tiers assigned to our drivers: “poor, average, good (base) and excellent.” Insurance credit tiers factor in your official credit scores but are not dependent on that variable alone. Four states prohibit or limit the use of credit as a rating factor in determining auto insurance rates: California, Hawaii, Massachusetts and Michigan. 

   

• Incidents:

  Rates were calculated by evaluating our base profile with the following incidents applied: clean record (base), at-fault accident, single speeding ticket, single DUI conviction and lapse in coverage.

• Mileage:

  Rates were calculated by evaluating our base profile with the following differences in mileage: 2K, 5K, 12K (base), 15K and 20K.

• Model:

  Unless otherwise stated, rates are for 2023 vehicle models. For new vs used vehicles, we included the following year in our calculations: 2013.

• Age:

  Rates were calculated by evaluating our base profile with the ages 18-70 (base: 40 years) applied. Depending on age, drivers may be a renter or homeowner. Age is not a contributing rating factor in Hawaii and Massachusetts due to state regulations. For teen drivers, rates were determined by adding a 16- or 17-year-old teen to their 40-year-old married parents' policy. The rates displayed reflect the total cost of a driver this age added to their parents’ policy. 

• Gender:

  The following states do not use gender as a determining factor in calculating premiums: California, Hawaii, Massachusetts, Michigan, North Carolina, Pennsylvania.

• Status:

  Rates were evaluated based on the following marital/family status: single (base), married, 40-year-old married man and woman. Marital status is not a rating factor in Hawaii and Massachusetts.