About Chevrolet Car Insurance
By the end of 2019, Chevrolet was Canada’s fourth most popular vehicle brand. If you are a current or soon-to-be Chevy owner, you may be looking for the best Chevrolet car insurance. Fortunately, you have many cheap options for insuring your vehicle.
Before comparing car insurance rates with MyChoice, we want you to review the information below to understand your coverage options and approximate pricing ballpark.
How Much Does it Cost to Insure Your Chevrolet in Canada?
On average, it costs around $1,210 per year to insure your Chevrolet in Canada. The price will vary depending on your Chevrolet model, year make, region you’re living in and your driving history.
Here’s how much it would cost you on average to insure your Chevrolet in the following cities in Canada:
| City | Average Annual Insurance Premium |
|---|---|
| Toronto, ON | $2,011 |
| Cornwall, ON | $1,266 |
| North Bay, ON | $1,362 |
| Thunder Bay, ON | $1,362 |
| Windsor, ON | $1,545 |
| Edmonton, AB | $1,328 |
| St. Albert, AB | $1,192 |
| Gatineau, QC | $519 |
| Halifax, NS | $1,246 |
| Fredericton, NB | $779 |
How Chevrolet Car Insurance Costs Compare to Similar Vehicle Brands
When selecting a vehicle, many potential buyers often weigh the insurance rates of different brands, including Chevrolet, against each other. Insurance costs can significantly influence the decision-making process.
Based on internal customer quote data, Chevrolet’s insurance rates are moderately priced compared to similar vehicle brands. While slightly higher than GMC, they remain more affordable than Dodge and Ford. This positions Chevrolet as a balanced option for drivers seeking reasonable insurance costs without compromising vehicle quality. Here’s a brief comparison:
Chevrolet Car Insurance Rates Through The Years
Chevrolet car insurance rates have shown a steady upward trend over the past few years. While there was a noticeable increase in premiums from 2020 onward, the rise has been more gradual in recent years. Despite a slight dip in 2021, rates have continued to climb, reflecting broader industry trends.
Chevrolet Car Insurance Rates by Model & Year Make
When insuring your Chevrolet, the model you choose significantly impacts the insurance rates. Our detailed analysis below provides a comprehensive view of the insurance costs for various Chevrolet models from different years.
A Brief History of Chevrolet
Credit for founding the Chevrolet brand goes to Billy Durant and Louis Chevrolet. Chevrolet Motor Company began in 1911, and the famous logo debuted in 1914. Chevrolet became popular with consumers because of its styling and continual improvement.
The company merged with General Motors when Billy Durant became the president. Chevrolet quickly became the best-selling brand under the General Motors umbrella.
In 1918, Chevrolet introduced successful truck models and, in the 1930s, added a built-in trunk to their sport model line-up. They also celebrated their ten-millionth car in 1934.
For years, Chevrolet has introduced iconic models such as the Bel Air, Corvette, Corvair, Camaro, and Impala.
Chevrolet Insurance FAQs
Which Chevrolet model is the cheapest to insure?
The 2024 Chevrolet Trax is the cheapest model to insure in Canada at a $1,023 average annual insurance premium.
What are the most popular Chevrolet vehicles?
Some of the most popular Chevrolet models include the Volt, Corvette, Cruze, Sonic, and Malibu as far as cars go. The City Express and Express 15000 for vans, and the Tahoe, Traverse, Trax, and Equinox for sport-utility vehicles.
Does Chevrolet have a good safety rating?
One of the reasons that Chevrolet is so popular is its safety ratings. The company has numerous awards for its vehicle safety features, which is a bonus when it comes to finding cheap Chevrolet insurance.
A good safety rating is not only great for your initial rate, but it can help you avoid accidents that would cause your rate to increase.