Chevrolet Colorado Car Insurance Calculator

Learn visually how changes to different risk factors influence insurance rates for a Chevrolet Colorado. Set options like homeowner status, credit history, and policy coverages to find out how each affects rates. Know immediately if the choice you made has a positive or negative impact on rates and exactly why.

The average estimated car insurance premium for a 2024 Chevrolet Colorado is $2,064 per year, or about $172 per month. This is based on a 40-year-old male driver with no prior driving violations or at-fault accidents. Comprehensive and collision deductibles are $500 and Uninsured and Underinsured Motorist (UM/UIM) coverage is included.

Annual Premium

$2,064

Cost Per Month

$172

The Annual Premium and Cost Per Month change instantly as you adjust calculator options.

If you change a factor that results in a higher insurance cost, the rates turn red. If you adjust a factor that saves money, the rates turn green. For a detailed explanation of each rate change, click the blue button above.

Quick Guide to Using the Insurance Rate Calculator

  1. Update Options: Adjust any settings in the form below.
  2. Observe Rate Changes: Watch how the Annual Premium at the bottom of the page changes.
  3. Get Detailed Insights: Click the blue up arrow button for an explanation of the rate change.

Key Features:

Chevrolet Colorado Options

Driver Options

Insurability Factors

Policy Coverages

Calculated vs. Average Rate

Discover how your personalized car insurance rate compares to the average annual premium for a Chevrolet Colorado.

As you adjust the calculator settings, the 'Your Rate' value dynamically shifts left or right on the rate range bar. This movement visually demonstrates how your rate compares to the typical insurance cost for this vehicle model.

For continuous comparison while you explore different settings, you have the option to pin this rate range bar to the bottom of your screen.

$2,064
Average Rate
Your Rate
$2,064

The 'Average Rate' is calculated based on default options for a typical driver profile: a 40-year-old married male with good credit, no prior accidents or violations, current car insurance coverage, and homeownership. The coverage includes collision and comprehensive coverage with $500 deductibles, liability limits of 100/300/100, and includes Uninsured/Underinsured Motorist and Medical Payments coverages.

Changing the Model Year option in the calculator will reset the Average Rate to the average cost to insure that specific model year Chevrolet Colorado.

The 'Average Rate' is a combined value for all Chevrolet Colorado trim levels.

Insurance Rate Analysis

Your personalized insurance analysis will appear below after modifying any options in the calculator settings above.

Based on the default settings in the calculator options, the annual premium for a 2024 Chevrolet Colorado is $2,064.

After making any changes in the calculator settings, this section will explain the choices that have a positive effect on either rates or coverage, as well as those that have a negative effect.

Factors That Favorably Influence Your Rates and Coverage

There are many things that have a positive effect on your rates, like being a mature driver, being married, having great credit, owning your home, and more.

Once you've fine-tuned the settings in our calculator, this section will provide an analysis of all the factors that have contributed to reducing your rates or improving your coverage options.

Factors That Could Increase Rates or Result in Coverage Gaps

Certain circumstances may lead to higher insurance rates or potential gaps in your coverage. These include life events such as being involved in at-fault accidents, incurring driving violations, experiencing lapses in coverage, or simply being a younger driver. While not all of these factors are within your control, many can be managed to mitigate their impact.

As you adjust the settings in our calculator, this section will detail and explain all the factors that have contributed to higher rates or reduced levels of coverage.

2024 Chevrolet Colorado Segment Comparison

The table below compares insurance rates for the 2024 Chevrolet Colorado against all other models in the midsize truck segment. The Chevrolet Colorado is highlighted in light orange, and the segment's average insurance rate is in light blue.

Annual Premium values in the table are based on the current selections in the rate calculator settings.

The Difference column indicates the annual premium variance between each model shown and the Chevrolet Colorado, with green values denoting cheaper rates and red values indicating more expensive rates compared to the Chevrolet Colorado.

After choosing a vehicle trim level in the calculator options, the rates shown will reflect your choice.

2024 Chevrolet Colorado Segment Insurance Cost Comparison
Rank Make and Model Annual Premium Difference
1Chevrolet Colorado$2,064--
2Nissan Frontier$2,216$152
3Ford Ranger$2,238$174
4Ford Maverick$2,272$208
5Honda Ridgeline$2,324$260
6Hyundai Santa Cruz$2,364$300
2024 Midsize Truck Average$2,365$301
7Toyota Tacoma$2,372$308
8GMC Canyon$2,412$348
9Jeep Gladiator$2,468$404
10Rivian R1T$2,922$858

Data Methodology: Rated driver is a 40-year-old married male with no driving violations or at-fault accidents in the prior three years. Comprehensive and collision deductibles are $500 and UM/UIM and medical payments coverages are included. Premiums are averaged for all trim levels for each model.

2024 Colorado Insurance Rates by Trim Level

The table below shows insurance rates for all trim levels available for the 2024 Chevrolet Colorado.

Annual Premium and Cost Per Month values show in the table are based on the current selections in the rate calculator settings. After setting the trim level option in the calculator settings, it will be highlighted in the table.

2024 Chevrolet Colorado Insurance Rates by Trim Level
2024 Chevrolet Colorado Trim Level Annual Premium Cost Per Month
WT 4WD$1,944$162
WT 2WD$1,968$164
LT 4WD$1,996$166
LT 2WD$2,028$169
Trail Boss 4WD$2,034$170
Z71 4WD$2,080$173
ZR2 4WD$2,176$181
ZR2 Bison 4WD$2,284$190

Data Methodology: Rated driver is a 40-year-old married male with no driving violations or at-fault accidents in the prior three years. Comprehensive and collision deductibles are $500 and UM/UIM and medical payments coverages are included.

Insurance Rates by Driver Age

The table below shows average car insurance rates for the 2024 Chevrolet Colorado for different driver ages.

2024 Chevrolet Colorado Insurance Cost for Drivers Aged 16 to 80
Driver Age Annual Premium Cost Per Month
16$7,160$597
17$6,921$577
18$6,182$515
19$5,659$472
20$4,354$363
21$4,158$347
22$3,734$311
23$3,106$259
24$2,929$244
25$2,384$199
30$2,200$183
35$2,122$177
40$2,064$172
45$1,934$161
50$1,834$153
55$1,708$142
60$1,712$143
65$1,814$151
70$1,952$163
75$2,290$191
80$2,794$233

Data Methodology: Rated driver is male and has no driving violations or at-fault accidents in the prior three years. Comprehensive and collision deductibles are $500. Uninsured Motorist (UM), Underinsured Motorist (UIM) and medical payments coverages are included. Drivers under the age of 25 are considered single, while drivers 25 and over are rated as married. Annual premium is averaged for all Chevrolet Colorado trim levels.

Average Rates by Model Year

The table below shows average car insurance rates for different model years of the Chevrolet Colorado.

These values do not change with the calculator settings. These rates provide a "base average rate" to compare your calculated rate to, and the highlighted row indicates the currently selected model year.

Changing the calculator settings will cause your rate to move higher or lower than the average annual premium.

If the calculated 'Annual Premium' shown at the bottom of your screen is higher than the highlighted annual premium in the table, refer to the insurance analysis section to find out what factors might be causing the increase.

Average Chevrolet Colorado Insurance Rates by Model Year
Model Year and Vehicle Annual Premium Cost Per Month
2024 Chevrolet Colorado$2,064$172
2023 Chevrolet Colorado$1,896$158
2022 Chevrolet Colorado$1,760$147
2021 Chevrolet Colorado$1,734$145
2020 Chevrolet Colorado$1,686$141
2019 Chevrolet Colorado$1,798$150
2018 Chevrolet Colorado$1,864$155
2017 Chevrolet Colorado$1,778$148
2016 Chevrolet Colorado$1,634$136
2015 Chevrolet Colorado$1,614$135

Data Methodology: Rated driver is a 40-year-old married male with no driving violations or at-fault accidents in the prior three years. Comprehensive and collision deductibles are $500 and UM/UIM and medical payments coverages are included. Premiums are averaged for all Chevrolet Colorado trim levels for each model year.