Chevrolet Colorado vs. Ford Ranger Insurance

• When comparing 2024 models, a Chevrolet Colorado has less-expensive car insurance than a Ford Ranger by an average of $174 per year.
• Average car insurance cost per month for the Ford Ranger is 8.4% more expensive than the Chevrolet Colorado, at $172 versus $187, a difference of $15.
• Out of 10 models in the 2024 midsize truck segment, the Chevrolet Colorado ranks first and the Ford Ranger ranks third for average car insurance affordability.

Is a Chevrolet Colorado or Ford Ranger cheaper to insure?

For new Colorado and Ranger models, the vehicle with the cheapest average car insurance rates is the Chevrolet Colorado. Insurance on the Chevrolet Colorado averages $2,064 per year, while insurance for the Ford Ranger costs an average of $2,238 per year.

For the eight trim levels available for the 2024 Chevrolet Colorado, the cheapest trim level to insure is the WT 4WD trim at an average cost of $1,944 per year.

Out of the seven trims available for the Ford Ranger, the cheapest 2024 trim level to insure is the XL Crew Cab trim at a cost of $2,072.

When all 15 trims of both models are combined and compared, the lowest-cost model and trim is the Chevrolet Colorado WT 4WD at an average of $1,944 per year, and the highest-cost model and trim is the Ford Ranger Raptor at an average cost of $2,432 per year.

The next table compares the cost of car insurance for 2024 Chevrolet Colorado and Ford Ranger models, broken down by trim level.

The chart shown below visualizes the average cost to insure both 2024 models for the 20 to 50-year-old driver age groups. The average cost of car insurance ranges from $1,834 to $4,062 per year for a 2024 Chevrolet Colorado, and $1,986 to $4,518 for a 2024 Ford Ranger for the example age groups.

The two tables below display average car insurance cost by trim level for each 2024 model, plus the average rate for each model. The winner for the 2024 car insurance battle is the Chevrolet Colorado.

2023 Chevrolet Colorado vs. Ford Ranger

Average insurance rates for a 2023 Chevrolet Colorado are $1,896 per year, and insurance for a 2023 Ford Ranger costs an average of $2,018 per year, making the Chevrolet Colorado the winner with the cheapest average insurance rates.

Cost varies quite a bit depending on the trim level, however. For a 2023 Chevrolet Colorado, car insurance rates range from $1,770 per year for the $33,995 WT Extended Cab 2WD model up to the highest rate of $2,046 for the $60,095 ZR2 Extended Cab Duramax 4WD trim level.

For a 2023 Ford Ranger, insurance prices vary from $1,858 every 12 months for the XL Super Cab model to as high as $2,138 for the $60,095 Lariat Crew Cab 4WD model.

The next table ranks the yearly and monthly cost of car insurance for 2023 Chevrolet Colorado and Ford Ranger models, broken down by individual trim level.

The chart below displays the average cost to insure both models for the 20 to 50-year-old driver age groups. For a 2023 Chevrolet Colorado, insurance cost ranges from $1,690 to $3,740 per year for the included age groups. A 2023 Ford Ranger costs from $1,798 to $4,046 to insure per year.

For the 14 trims available for the 2023 Chevrolet Colorado, the cheapest trim to insure is the WT Extended Cab 2WD trim at an average cost of $1,770 per year, or about $148 per month.

For the 12 trims available for the Ford Ranger, the cheapest 2023 trim to insure is the XL Super Cab model at a cost of $1,858.

When average insurance prices for all 26 trims of both models are combined and sorted by cost, the cheapest vehicle to insure is the Chevrolet Colorado WT Extended Cab 2WD at a cost of $1,770 per year. The most expensive trim is the Ford Ranger Lariat Crew Cab 4WD at an average of $2,138 per year.

The next two rate tables show average car insurance rates for each trim level, as well as an average rate for each model. The winner for the 2023 car insurance rate comparison is the Chevrolet Colorado.

2022 Chevrolet Colorado vs. Ford Ranger

Insurance on a 2022 Chevrolet Colorado costs an average of $1,760 per year, whereas the 2022 Ford Ranger costs an average of $1,898 per year, making the Chevrolet Colorado the winner with cheaper average insurance rates.

Within each different model, however, the cost of car insurance varies significantly depending on the trim level.

For a 2022 Chevrolet Colorado, insurance rates range from the cheapest rate of $1,616 per year for the WT Extended Cab 4WD model up to $1,916 for the Z71 Crew Cab 2WD model.

For a 2022 Ford Ranger, rates range from $1,736 per year for the XL Super Cab model up to $2,014 for the most expensive Lariat Crew Cab 4WD model.

When comparing both models, the overall cheapest vehicle to insure is the Chevrolet Colorado WT Extended Cab 4WD at an average rate of $1,616 per year, and the highest-cost model and trim level is the Ford Ranger Lariat Crew Cab 4WD at a cost of $2,014 per year.

For a 2022 Chevrolet Colorado, the cheapest models are the WT Extended Cab 4WD, WT Crew Cab 4WD, and LT Extended Cab 4WD. The cheapest Ford Ranger models include the XL Super Cab, XL Crew Cab, and XL Super Cab 4WD.

The rate table below compares and ranks the cost of car insurance for 2022 Chevrolet Colorado and Ford Ranger models, with average cost for each trim level.

When comparing insurance cost for 2022 models, a Chevrolet Colorado costs an average of $1,760 per year to insure and a Ford Ranger costs $1,898, making the Chevrolet Colorado cheaper to insure by $138 per year for this comparison year.

The chart shown below visualizes the average cost to insure the two models with different drivers at the wheel. For a 2022 Chevrolet Colorado, the average car insurance cost ranges from $1,566 to $3,480 per year for the age groups used in the chart. A 2022 Ford Ranger costs from $1,694 to $3,778 to insure per year.

Out of 13 Chevrolet Colorado trims, the cheapest 2022 trim to insure is the WT Extended Cab 4WD model at an average cost of $1,616 per year, or $135 per month. For the 12 trims available for the Ford Ranger, the cheapest 2022 model to insure is the XL Super Cab model at a cost of $1,736 per year, or $145 per month.

When insurance rates for all 25 trims of both models are combined and sorted by cost, the lowest-cost model and trim level to insure is the Chevrolet Colorado WT Extended Cab 4WD at an average rate of $1,616 per year, and the overall most expensive vehicle to insure is the Ford Ranger Lariat Crew Cab 4WD at an average of $2,014 per year.

The next tables display average car insurance rates for each trim level, as well as an average rate for each model.

2021 Chevrolet Colorado vs. Ford Ranger

When comparing insurance rates for 2021 models, a Chevrolet Colorado costs an average of $1,734 per year to insure and a Ford Ranger costs $1,850, making the Chevrolet Colorado cheaper to insure by $116 per year for 2021.

The chart shown below shows the average cost to insure the two models for four different driver age groups. The average car insurance cost ranges from $1,546 to $3,468 per year for a 2021 Chevrolet Colorado, and $1,652 to $3,698 for a 2021 Ford Ranger for the age groups used in the chart.

Out of 15 Chevrolet Colorado trims, the cheapest 2021 trim to insure is the LT Extended Cab 4WD model at an average cost of $1,492 per year.

Out of the 11 trim levels available for the Ford Ranger, the cheapest 2021 model to insure is the XL Super Cab 2WD trim at a cost of $1,680.

When comparing rates by trim level for both models, the lowest-cost model and trim level to insure is the Chevrolet Colorado LT Extended Cab 4WD at an average rate of $1,492 per year. The most expensive model and trim level is the Chevrolet Colorado Z71 Extended Cab 2WD at an average cost of $1,996 per year.

The next tables show average cost to insure each trim level for a 2021 Chevrolet Colorado and Ford Ranger, including an overall average rate. The 2021 Chevrolet Colorado has cheaper average auto insurance rates than the 2021 Ford Ranger.

2020 Chevrolet Colorado vs. Ford Ranger

When comparing average insurance cost for 2020 models, the Chevrolet Colorado costs an average of $1,686 per year to insure and the Ford Ranger costs $1,808, making the Chevrolet Colorado the winner by $122.

The rate chart below demonstrates the average cost to insure both 2020 models using different driver ages. For a 2020 Chevrolet Colorado, the average cost of car insurance ranges from $1,502 to $3,370 per year for these driver ages. A 2020 Ford Ranger costs from $1,614 to $3,612 to insure per year.

For the 15 trim levels available for the 2020 Chevrolet Colorado, the cheapest trim level to insure is the LT Extended Cab 4WD model at an average cost of $1,450 per year.

The 2020 Ford Ranger has 11 trims available, with the cheapest trim level to insure being the XL Super Cab 2WD model at an average cost of $1,642 per year.

When comparing both models at a trim-level basis, the most affordable model and trim level to insure is the Chevrolet Colorado LT Extended Cab 4WD at an average cost of $1,450 per year, and the overall most expensive vehicle to insure is the Ford Ranger Lariat Crew Cab 4WD at an average cost of $1,946 per year.

The tables shown below display both 2020 models and all trim levels available for each one, along with the average rate for each model. The 2020 Chevrolet Colorado has cheaper average car insurance rates than the 2020 Ford Ranger.

Additional Chevrolet Colorado and Ford Ranger Resources

• Chevrolet Colorado Insurance Rates
• Ford Ranger Insurance Rates
• Midsize Truck Insurance Rate Comparisons