Chevrolet Colorado Insurance Rates

Why are pickups so expensive to insure? If you are asking this question, you are probably struggling to find cheap car insurance rates for your Chevrolet Colorado. The good news is that finding cheap car insurance rates is possible.

To help you save money, we are going to go through Chevy Colorado insurance costs, ownership costs, safety ratings, and more.

Want to start comparison shopping for Chevy Colorado insurance costs today? Enter your ZIP code in our free tool above.

U.S. average insurance rates for a Chevrolet Colorado are $1,222 a year for full coverage insurance. Comprehensive insurance costs approximately $254, collision costs $438, and liability costs around $372. Buying just liability costs as low as $438 a year, with insurance for high-risk drivers costing $2,634 or more. Teen drivers pay the highest rates at $4,604 a year or more.

Average premium for full coverage: $1,222

Price estimates by individual coverage:

Prices are based on $500 comprehensive and collision deductibles, 30/60 liability coverage, and includes additional medical/uninsured motorist coverage. Estimates are averaged for all 50 states and for all Colorado models.

Price Range from Low to High

Geographic Price Range

Where you live can have significant affects on the price of auto insurance. Rural locations have lower incidents of physical damage claims than larger metro areas.

The example below illustrates how location impacts auto insurance prices.

The ranges above illustrate why everyone should compare prices using their specific location, instead of using price averages.

Use the form below to get customized rates for your location.

Additional Rate Analysis

The chart below illustrates estimated Chevrolet Colorado insurance rates for additional coverage and risk scenarios.

• The lowest rate with discounts is $714
• Using higher $1,000 deductibles will save $158 each year
• The estimated price for the average middle-age driver who chooses $500 deductibles is $1,222
• Choosing pricier low deductibles for physical damage coverage will cost an additional $302 every year
• Drivers with multiple violations and an at-fault accident could pay around $2,634 or more
• The price that insures a teen driver for full coverage can cost $4,604 or more

View Chart as Image

Insurance prices for a Chevrolet Colorado are also quite variable based on the model of your Colorado, your age and driving record, and physical damage deductibles and liability limits.

If you have some driving violations or you caused an accident, you are probably paying anywhere from $1,400 to $2,000 additional each year, depending on your age. Chevrolet Colorado insurance for high-risk drivers can be as much as 43% to 128% more than average. View High Risk Driver Rates

A more mature driver with no violations or accidents and higher comprehensive and collision deductibles may pay as little as $1,100 a year for full coverage. Prices are highest for teenage drivers, since even teens with perfect driving records should be prepared to pay in the ballpark of $4,600 a year. View Rates by Age

The state you live in has a huge impact on Chevrolet Colorado insurance prices. A driver around age 40 might see prices as low as $800 a year in states like North Carolina, Wisconsin, and Vermont, or as much as $1,650 on average in Florida, New York, and Michigan.

View Chart as Image

Choosing high deductibles could cut prices by as much as $460 every year, whereas buying more liability protection will push prices upward. Switching from a 50/100 bodily injury protection limit to a 250/500 limit will increase prices by as much as $285 more each year. View Rates by Deductible or Liability Limit

Since prices can be so different, the only way to figure out who has the best car insurance prices is to regularly compare prices and see which company has the best price. Each insurance company uses a different rate calculation, and prices may be quite different.

Insurance Rates by Trim Level and Model Year

Rates assume 2024 model year, a 40-year-old male driver with no accidents or violations, $500 comprehensive and collision deductibles, minimum liability limits, and uninsured/under-insured motorist coverage included. Rates are for comparison only and are averaged for all 50 U.S. states.

How to Find Affordable Chevrolet Colorado Insurance

Getting lower rates on car insurance requires having a decent driving record, having a good credit score, not filing small claims, and qualifying for all possible discounts. Shop around every year by getting rate quotes from direct insurance companies, and also from your local car insurance providers.

The following items are a brief review of the coverage data touched on above.

• It is possible to save around $140 per year simply by quoting online well ahead of the renewal date
• Increasing physical damage deductibles can save approximately $450 each year
• 16 to 18-year-old drivers are the costliest to insure, as much as $384 a month if comprehensive and collision insurance is included
• Higher risk drivers with DUI or reckless driving convictions could be charged and average of $1,410 more per year than a driver with a clean driving record

Drivers with poor records may pay an average of $1,410 more a year. To find out what else determines the price of car insurance, keep reading.

How does the size and class of the Chevrolet Colorado affect liability rates?

Let’s start by clarifying what liability insurance covers. Liability coverage is composed of bodily injury and property damage coverages. If you cause an accident, these two liability coverages will pay for the other driver’s accident costs.

So how does liability insurance relate to the size and class of the Chevrolet Colorado? Essentially, insurers raise liability insurance rates for vehicles that are higher risk, such as heavy vehicles or sports cars. Because the Chevrolet Colorado is a small pickup, it won’t be considered a high-risk vehicle unless it is prone to crashing.

To find out if the Chevrolet Colorado is high-risk, we are going to look at the Insurance Institute for Highway Safety’s (IIHS) 2016 to 2018 data on insurance losses. This will help us decipher if the Chevrolet Colorado has a history of liability claims.

Let’s start with the losses for property damage liability insurance. We did include losses for various builds of the Chevrolet Colorado, as builds like a 4×4 can cost more to insure due to poorer losses.

• Chevrolet Colorado crew cab: 17 percent (average)
• Chevrolet Colorado crew cab 4WD: 4 percent (average)
• Chevrolet Colorado extended cab: 23 percent (worse than average)
• Chevrolet Colorado extended cab 4WD: -15 percent (average)

The Chevrolet Colorado extended cab 4WD has the best insurance loss rate, even though it is still considered average for small pickups. Anything under zero is a good insurance loss, as it means fewer claims were filed.

The next set of losses are for bodily injury liability insurance. Once again, the Chevrolet Colorado extended cab 4WD has the best insurance losses.

• Chevrolet Colorado crew cab: 7 percent (average)
• Chevrolet Colorado crew cab 4WD: -17 percent (average)
• Chevrolet Colorado extended cab: 16 percent (average)
• Chevrolet Colorado extended cab 4WD: -33 percent (substantially better than average)

Because most of the losses for both bodily injury and property damage liability insurance are average, you should have a normal rate.

What does liability insurance cost for the Chevrolet Colorado?

How much does insurance cost for a truck per month and do pickup trucks cost more to insure? We want to answer these questions by seeing what the costs are for the 2021 Chevrolet Colorado crew cab. To do this, we got a sample quote from Geico based on a 40-year-old male driver who lives in Pennsylvania, travels 13,000 miles a year, and has a clean driving record.

The rates you see below are for a six-month bodily injury liability policy. It will cost you an average of $97 to upgrade from low coverage to high coverage (or about $16 extra a month).

• Low ($15,000/$30,000): $41.92
• Medium ($100,000/$200,000): $85.93
• High ($500,000/$500,000): $138.34

As for a property damage liability policy, it costs $55 to upgrade your coverage from low to high. This amounts to only $9 a month.

• Low ($5,000): $333.48
• Medium ($20,000): $365.21
• High ($100,000): $388.38

The prices for the 2021 Chevrolet Colorado are normal, which is good news. You can save more by shopping around for rates and taking advantage of discounts, such as safety feature discounts. Keep reading to find out more.

What are the safety features and ratings of the Chevrolet Colorado?

Insurers will often offer you a discount if your car has added safety features, such as a vehicle theft tracking device or a backup camera. Standard features included in your vehicle may also earn you a discount, such as anti-lock brakes.

So what standard safety features does the 2021 Chevrolet Colorado have? Autoblog listed the following features:

• Crash prevention: anti-lock brakes and stability control.
• Crash safety: front-impact airbags, side-impact airbags, overhead airbags, and seatbelt pretensioners.
• Anti-theft: ignition disable device.

The Chevrolet Colorado has some good safety features, such as overhead airbags (for rollovers) and stability control. However, it is missing features like anti-whiplash headrests or knee airbags. Overall, however, the number of standard features should earn you a discount.

The crash rating of your vehicle may also help lower costs. Safer vehicles mean you are less likely to sustain serious injuries in a crash, so your insurer can pay less on your claim. The IIHS has tested two different versions of the Chevrolet Colorado, the crew cab pickup and the extended cab pickup.

Let’s start by looking at the crash test ratings for the 2020 Chevrolet Colorado crew cab pickup.

• Small overlap front (driver-side): Good
• Small overlap front (passenger-side): Marginal
• Moderate overlap front: Good
• Side: Good
• Roof strength: Good
• Head restraints and seats: Good

Good is the highest rating possible, so the crew cab pickup did fairly well (with the exception of the small overlap front test (passenger-side). To get a better idea of how the IIHS tests vehicles, watch the video below.

The next set of crash-test ratings are for the 2020 Chevrolet Colorado extended cab pickup.

• Small overlap front (driver-side): Acceptable
• Moderate overlap front: Good
• Side: Acceptable
• Roof strength: Good
• Head restraints and seats: Good

Acceptable is the second-highest rating, so the extended cab pickup didn’t do too bad. However, we would always prefer to see good across the board, as it means you are safer if you get into an accident.

Another factor insurers may look at when determining rates is the fatality rates for your vehicle type. The good news is that the IIHS’s 2018 data showed that pickups had the lowest number of fatalities (4,369) in comparison to SUV fatalities (5,035) and car fatalities (13,138). Take a look at the list below to see how the pickup deaths are broken up by crash type.

• Frontal Impact: 2,493 deaths
• Side Impact: 807 deaths
• Rear Impact: 173 deaths
• Other (mostly rollovers): 896 deaths

While pickups have the lowest number of fatalities, pickup fatality rates per million vehicles are not the lowest. In 2018, there were 34 pickup driver fatalities per million vehicles, but only 23 SUV driver fatalities (cars had 48 driver fatalities per million vehicles).

SUVs also had the lowest fatality rates per million vehicles for all occupants, as there 32 SUV fatalities per million vehicles but 42 pickup fatalities and 69 car fatalities. Even though pickups have higher fatality rates than SUVs, your rates shouldn’t be terrible, as the Chevrolet Colorado crash tests were decent.

What is the MSRP of the Chevrolet Colorado?

How much should I pay for a 2019 Chevy Colorado? When shopping for a car, you probably wonder how much you should pay. Insurers also want to know average car prices, as it helps insurers determine potential costs if your car needs to be repaired or replaced.

While you should be shopping for the fair purchase price (what others are paying), insurers will be looking for the manufacturer’s suggested retail price (MSRP). This is the price a manufacturer thinks its car is worth. While fair purchase prices will change, the MSRP is a fixed price.

To find out the various prices for a 2019 Chevrolet Colorado crew cab, we used Kelley Blue Book (KBB).

• MSRP: $29,395
• Invoice Price: $28,031
• Fair Purchase Price: $27,234
• Fair Market Range: $26,087 to $29,380

A higher MSRP means higher rates (unless the vehicle is older). However, good collision and comprehensive loss rates may help offset the costs of a high MSRP. Why? Both these coverages pay for repairs if you’re in an accident. Sometimes lenders will force you to carry these coverages because they are so important in an accident.

• What is collision insurance and what does it cover? This coverage covers crashes with other vehicles and objects.
• What is comprehensive coverage on a car insurance policy? Comprehensive covers animal collisions, natural disaster damages, theft, and vandalism.

So if the losses (claims paid) are decent for these two coverages, you could still have good insurance rates even with a high MSRP. Let’s take a look at the IIHS’s data on losses for collision insurance.

• Chevrolet Colorado crew cab: -12 percent (average)
• Chevrolet Colorado crew cab 4WD: -16 percent (average)
• Chevrolet Colorado extended cab: -23 percent (better than average)
• Chevrolet Colorado extended cab 4WD: -29 percent (better than average)

All of these collision losses are negative, which is good. The extended cab has better than average losses, which could mean a slightly lower collision rate. The comprehensive losses are also good, as you can see below.

• Chevrolet Colorado crew cab: -32 percent (substantially better than average)
• Chevrolet Colorado crew cab 4WD: -12 percent (average)
• Chevrolet Colorado extended cab: -34 percent (substantially better than average)
• Chevrolet Colorado extended cab 4WD: -27 percent (better than average)

Because the insurance losses are great for the Chevrolet Colorado, you should have decent rates even though the Chevrolet Colorado costs a bit more than other cars.

How much will it cost to repair my Chevrolet Colorado?

Repair costs can add up, especially if you have a car with hard-to-find parts. A car that requires expensive repairs will also cost more to insure, as insurers raise rates to offset potential claim losses.

Luckily, RepairPal’s reliability rating of the Chevrolet Colorado is four out of five (above average). The annual repair cost is $599, which is only slightly higher than the average repair costs for midsize trucks ($548).

The repair costs for level two damage are also normal, according to the estimates we pulled from InstantEstimator’s free tool for a 2021 Chevrolet Colorado crew cab.

• Front bumper: $389
• Rear bumper: $399
• Hood: $387
• Roof: $435
• Front door: $391
• Rear door: $379
• Fender: $351
• Quarter panel: $399

The roof is the most expensive part to repair on a vehicle, while the fender is the cheapest part to repair. Overall, the repair costs are normal, so you should have decent rates.

We hope our guide helped you better understand Chevrolet Colorado insurance rates. If you want to start comparing Chevrolet Colorado insurance rates right away, enter your ZIP code in our free tool.