Toyota Tacoma vs. Chevrolet Colorado Insurance Cost Comparison

• At an average cost of $1,614 per year, a 2023 Chevrolet Colorado is cheaper to insure than a 2023 Toyota Tacoma by an average of $144 per year.
• For a 2023 Toyota Tacoma, insurance rates range from $1,496 to $1,740 per year, while insurance for a 2023 Chevrolet Colorado ranges from $1,376 to $1,584.
• Out of 10 models in the 2023 midsize truck segment, the Toyota Tacoma ranks sixth and the Chevrolet Colorado ranks second for cheapest auto insurance.
• If cheap auto insurance is your primary concern, the SR Access Cab 4WD and SR Access Cab 2WD trims are the cheapest Toyota Tacoma models to insure, while the WT Extended Cab 2WD and WT Extended Cab 4WD trims are the cheapest Chevrolet Colorado models to insure.

Is a Toyota Tacoma or Chevy Colorado cheaper to insure?

Car insurance on a 2023 Toyota Tacoma costs an average of $1,614 per year, and insurance for a 2023 Chevrolet Colorado costs an average of $1,470 per year, making the Chevrolet Colorado the cheaper of the two by $144 per year.

Within each different model, however, the cost of insurance varies quite a bit depending on the exact trim level of the vehicle being insured. For a 2023 Toyota Tacoma, insurance rates range from the lowest rate of $1,496 per year for the SR Access Cab 4WD model up to $1,740 for the Limited 2WD model. For a 2023 Chevrolet Colorado, rates range from $1,376 per year for the WT Extended Cab 2WD model up to $1,584 for the most expensive ZR2 Extended Cab Duramax 4WD model.

For prior model years, the average car insurance prices for a Tacoma and a Colorado compare as follows. Click any model year to show full cost comparisons for that year.

• Cheapest 2022 Model – Chevrolet Colorado ($1,362 vs. Toyota Tacoma at $1,534)
• Cheapest 2021 Model – Chevrolet Colorado ($1,344 vs. Toyota Tacoma at $1,432)
• Cheapest 2020 Model – Chevrolet Colorado ($1,326 vs. Toyota Tacoma at $1,412)
• Cheapest 2019 Model – Toyota Tacoma ($1,374 vs. Chevrolet Colorado at $1,434)
• Cheapest 2018 Model – Chevrolet Colorado ($1,508 vs. Toyota Tacoma at $1,550)
• Cheapest 2017 Model – Chevrolet Colorado ($1,442 vs. Toyota Tacoma at $1,470)
• Cheapest 2016 Model – Chevrolet Colorado ($1,354 vs. Toyota Tacoma at $1,430)
• Cheapest 2015 Model – Toyota Tacoma ($1,276 vs. Chevrolet Colorado at $1,346)

When comparing both models at a trim-level basis, the cheapest trim is the Chevrolet Colorado WT Extended Cab 2WD at an average of $1,376 per year, and the most expensive model and trim level is the Toyota Tacoma Limited 2WD at a cost of $1,740 per year.

For a 2023 Toyota Tacoma, the cheapest models are the SR Access Cab 4WD, SR Access Cab 2WD, and SR5 Access Cab 4WD. The cheapest Chevrolet Colorado models include the WT Extended Cab 2WD, WT Extended Cab 4WD, and WT Crew Cab 4WD.

From a monthly standpoint, car insurance rates for all 2023 Toyota Tacoma and Chevrolet Colorado trim levels range from $115 to $145 per month.

The table below ranks the annual and monthly cost of car insurance for 2023 Toyota Tacoma and Chevrolet Colorado models, showing average premium cost for each trim level.

The chart shown below illustrates the average cost to insure both 2023 models using a range of rated driver ages. For a 2023 Toyota Tacoma, average insurance cost ranges from $1,470 to $3,202 per year for the age groups used in this illustration. A 2023 Chevrolet Colorado costs from $1,338 to $2,876 to insure per year.

Out of 24 trims for the 2023 Toyota Tacoma, the cheapest insurance rates are on the SR Access Cab 4WD trim at a cost of $1,496 per year, or around $125 per month. The 2023 Chevrolet Colorado has 14 trim levels available, with the cheapest trim to insure being the WT Extended Cab 2WD trim at an average cost of $1,376 per year.

When looking at the aggregated rates by trim for both models, the cheapest vehicle to insure is the Chevrolet Colorado WT Extended Cab 2WD at an average cost of $1,376 per year, and the most expensive trim is the Toyota Tacoma Limited 2WD costing $1,740 per year.

The tables shown below show the cost to insure the available trim levels for both 2023 models, along with the average rate for each model. The cheapest of the two models to insure for the 2023 model year is the Chevrolet Colorado.

2022 Toyota Tacoma vs. Chevrolet Colorado

Insurance cost for a 2022 Toyota Tacoma averages $1,534 per year, while the 2022 Chevrolet Colorado costs an average of $1,362 per year, making the Chevrolet Colorado the better deal by $172 per year.

Car insurance cost varies noticeably depending on the trim level of the vehicle being insured, however.

For a 2022 Toyota Tacoma, car insurance rates range from the cheapest price of $1,400 per year for the SR Access Cab 4WD model up to $1,734 for the TRD Pro AWD Automatic model.

For a 2022 Chevrolet Colorado, rates range from $1,250 per year for the WT Extended Cab 4WD model up to $1,486 for the most expensive to insure Z71 Crew Cab 2WD model.

When comparing both models, the overall cheapest vehicle to insure is the Chevrolet Colorado WT Extended Cab 4WD at an average of $1,250 per year, and the highest-cost model and trim is the Toyota Tacoma TRD Pro AWD Automatic at an average cost of $1,734 per year.

For a 2022 Toyota Tacoma, the cheapest models are the SR Access Cab 4WD, SR Access Cab 2WD, and SR Double Cab 2WD. The cheapest Chevrolet Colorado models include the WT Extended Cab 4WD, WT Crew Cab 4WD, and LT Extended Cab 4WD. On a monthly basis, car insurance rates for all 2022 Toyota Tacoma and Chevrolet Colorado models and trims range from $104 to $145 per month.

The table below compares and ranks the annual and monthly car insurance cost for 2022 Toyota Tacoma and Chevrolet Colorado models, showing cost for each trim level of both models.

The next chart displays the average cost to insure the two models rated for multiple driver ages. For a 2022 Toyota Tacoma, the average car insurance cost ranges from $1,400 to $3,064 per year for the example age groups. A 2022 Chevrolet Colorado costs from $1,240 to $2,674 to insure per year.

How does insurance cost for a 2022 Toyota Tacoma compare to a Chevrolet Colorado?

• For a 19-year-old driver, insurance on a Toyota Tacoma costs an average of $4,364 per year and Chevrolet Colorado insurance costs an average of $3,794 per year, a difference of $570 per year.
• A high deductible policy could save as much as $244 per year for the Toyota Tacoma and $204 for the Chevrolet Colorado.
• Being a safe driver could earn a discount of around $194 for the Toyota Tacoma and $172 for the Chevrolet Colorado.
• A low deductible policy could cost up to $480 more per year for the Toyota Tacoma and $390 for the Chevrolet Colorado.
• For a 17-year-old driver, insurance on a Toyota Tacoma costs an average of $5,152 per year and Chevrolet Colorado insurance costs an average of $4,504 per year, a difference of $648 per year.
• The cheapest 2022 Toyota Tacoma insurance is on the SR Access Cab 4WD costing $1,400 per year. The cheapest 2022 Chevrolet Colorado to insure is the WT Extended Cab 4WD costing $1,250 per year.
• When compared to the national average car insurance rate of $1,685 per year, the Toyota Tacoma costs $151 less per year, while the Chevrolet Colorado costs $323 less per year.
• Getting a minor traffic violation could increase average rates as much as $404 per year for the Toyota Tacoma and $350 for the Chevrolet Colorado.
• Having an at-fault accident could increase insurance rates by up to $630 per year for the Toyota Tacoma and $550 for the Chevrolet Colorado.

The tables below detail insurance rates for all trim levels of 2022 Tacoma and Colorado models. The 2022 Toyota Tacoma has an average insurance cost of $1,534 and the 2022 Chevrolet Colorado is $1,362, making the Chevrolet Colorado cheaper by $172 per year.

2021 Toyota Tacoma vs. Chevrolet Colorado

For the 2021 Toyota Tacoma and Chevrolet Colorado models, the Chevrolet Colorado is cheaper to insure by an average of $88 per year for this comparison year.

The chart below visualizes the average cost to insure both 2021 models for the 20 to 50-year-old driver age groups. Average insurance cost ranges from $1,306 to $2,850 per year for a 2021 Toyota Tacoma, and $1,228 to $2,658 for a 2021 Chevrolet Colorado for the example age groups.

The 2021 Toyota Tacoma has 14 trims available, with the cheapest model to insure being the Access Cab SR5 2WD model at an average cost of $1,312 per year.

The 2021 Chevrolet Colorado has 15 trims available, with the cheapest trim level to insure being the LT Extended Cab 4WD model at an average cost of $1,156 per year.

When looking at the aggregated rates by trim for both models, the most affordable model and trim level to insure is the Chevrolet Colorado LT Extended Cab 4WD at a cost of $1,156 per year. The highest-cost model and trim is the Chevrolet Colorado Z71 Extended Cab 2WD at an average cost of $1,550 per year.

The next tables display average car insurance rates for every trim level for both 2021 models, plus the average rate for each model.

2020 Toyota Tacoma vs Chevrolet Colorado

For 2020 Toyota Tacoma and Chevrolet Colorado models, the Chevrolet Colorado is cheaper to insure by an average of $86 per year.

The rate chart below shows the average cost to insure the two models using drivers aged 20 to 50. For a 2020 Toyota Tacoma, the average car insurance cost ranges from $1,288 to $2,814 per year for the included driver ages. A 2020 Chevrolet Colorado costs from $1,212 to $2,626 to insure per year.

Out of 14 trims for the 2020 Toyota Tacoma, the cheapest average car insurance prices are on the Access Cab SR5 2WD trim at a cost of $1,296 per year, or around $108 per month.

The 2020 Chevrolet Colorado has 15 trim levels available, with the cheapest model to insure being the LT Extended Cab 4WD model at an average cost of $1,140 per year, or $95 per month.

When comparing aggregated rates for both models from a trim-level perspective, the lowest-cost model and trim to insure is the Chevrolet Colorado LT Extended Cab 4WD at a cost of $1,140 per year. The most expensive model and trim level is the Chevrolet Colorado Z71 Extended Cab 2WD costing $1,528 per year.

The next two rate tables illustrate the average cost to insure all 2020 trim levels, plus the average rate for each model. The model with the cheapest overall car insurance rates for 2020 is the Chevrolet Colorado.

2019 Toyota Tacoma vs Chevrolet Colorado

For the 2019 Toyota Tacoma and Chevrolet Colorado models, the Toyota Tacoma has cheaper car insurance rates by an average of $60 per year.

The chart below visualizes the average cost to insure both models for the 20, 30, 40, and 50-year-old driver age groups. Insurance cost ranges from $1,254 to $2,738 per year for a 2019 Toyota Tacoma, and $1,310 to $2,854 for a 2019 Chevrolet Colorado for the included age groups.

Out of 14 Toyota Tacoma trim levels, the cheapest 2019 trim to insure is the Access Cab SR5 2WD model at an average cost of $1,266 per year, or $106 per month.

For the 19 trims available for the Chevrolet Colorado, the cheapest 2019 trim level to insure is the WT Extended Cab 4WD trim at a cost of $1,290.

When trim-level rates for both models are compared, the cheapest vehicle to insure is the Toyota Tacoma Access Cab SR5 2WD at a cost of $1,266 per year. The highest-cost model and trim is the Chevrolet Colorado ZR2 Crew Cab 4WD costing $1,636 per year.

The next two rate tables illustrate the average insurance cost by trim level for both 2019 models, plus an average rate for each model. The model with the cheapest overall car insurance rates for 2019 is the Toyota Tacoma.

2018 Toyota Tacoma vs Chevrolet Colorado

When comparing insurance cost for 2018 models, the Toyota Tacoma costs an average of $1,550 per year to insure and the Chevrolet Colorado costs $1,508, making the Chevrolet Colorado the winner by $42 for the 2018 comparison year.

The chart below shows the average cost to insure the two models for a range of driver ages. Insurance cost ranges from $1,416 to $3,104 per year for a 2018 Toyota Tacoma, and $1,378 to $3,010 for a 2018 Chevrolet Colorado for the age groups used in the chart.

The 2018 Toyota Tacoma has 18 trims available, with the cheapest trim level to insure being the Access Cab SR 2WD trim at an average cost of $1,388 per year.

For the 24 trim levels available for the Chevrolet Colorado, the cheapest 2018 model to insure is the Extended Cab 2WD trim at a cost of $1,278.

When insurance rates for all 42 trim levels for both vehicles are compared, the cheapest vehicle to insure is the Chevrolet Colorado Extended Cab 2WD at an average of $1,278 per year, and the most expensive trim is the Toyota Tacoma Double Cab TRD Pro 4WD at an average cost of $1,682 per year.

The next two tables display the average insurance cost by trim level for both 2018 models, including the average rate for each model. The 2018 Chevrolet Colorado defeats the 2018 Toyota Tacoma for the cheapest overall car insurance cost.

2017 Toyota Tacoma vs Chevrolet Colorado

When comparing car insurance rates for the 2017 Toyota Tacoma and Chevrolet Colorado models, the Chevrolet Colorado is cheaper to insure by an average of $28 per year for this comparison year.

The rate chart below illustrates the average cost to insure both models for drivers aged 20 to 50. Insurance cost ranges from $1,342 to $2,936 per year for a 2017 Toyota Tacoma, and $1,316 to $2,868 for a 2017 Chevrolet Colorado.

Out of 18 trims for the 2017 Toyota Tacoma, the cheapest insurance prices are on the Access Cab SR 2WD trim at a cost of $1,340 per year. The 2017 Chevrolet Colorado has 30 trim levels available, with the cheapest model to insure being the Extended Cab 2WD model at an average cost of $1,286 per year, or about $107 per month.

When comparing aggregated rates for both models from a trim-level perspective, the cheapest model and trim level to insure is the Chevrolet Colorado Extended Cab 2WD at an average cost of $1,286 per year, and the most expensive model and trim level is the Toyota Tacoma Double Cab TRD Pro 4WD costing an average of $1,616 per year.

The next tables display the average cost to insure all 2017 trim levels, as well as the overall average rate for each model. The 2017 Chevrolet Colorado comes out with a win over the 2017 Toyota Tacoma for the cheapest overall car insurance rates.

2016 Toyota Tacoma vs Chevrolet Colorado

When comparing average insurance cost for 2016 models, the Toyota Tacoma costs an average of $1,430 per year to insure and the Chevrolet Colorado costs $1,354, making the Chevrolet Colorado the winner by $76 for the 2016 comparison year.

The next chart visualizes the average cost to insure the two models for the 20 to 50-year-old driver age groups. The average car insurance cost ranges from $1,306 to $2,864 per year for a 2016 Toyota Tacoma, and $1,242 to $2,700 for a 2016 Chevrolet Colorado for the included age groups.

For the 17 trims available for the 2016 Toyota Tacoma, the cheapest trim level to insure is the Access Cab SR 2WD trim at an average cost of $1,292 per year, or about $108 per month.

For the 26 trims available for the Chevrolet Colorado, the cheapest 2016 trim to insure is the WT Extended Cab 4WD trim at a cost of $1,232 per year, or around $103 per month.

When rates are compared for the 43 trim levels of both 2016 models, the cheapest vehicle to insure is the Chevrolet Colorado WT Extended Cab 4WD at an average of $1,232 per year, and the most expensive model and trim level is the Toyota Tacoma Double Cab Limited 4WD at an average of $1,552 per year.

The next two tables illustrate all the available trims for both 2016 models, plus an average rate for each model. The 2016 Chevrolet Colorado has more affordable average car insurance than the 2016 Toyota Tacoma.

2015 Toyota Tacoma vs Chevrolet Colorado

When comparing average insurance rates for the 2015 Toyota Tacoma and Chevrolet Colorado models, the Toyota Tacoma is cheaper by an average of $70 per year for this model year.

The rate chart below displays the average cost to insure the two models rated for multiple driver ages. Insurance cost ranges from $1,166 to $2,540 per year for a 2015 Toyota Tacoma, and $1,234 to $2,680 for a 2015 Chevrolet Colorado for the age groups used in this illustration.

Out of 13 Toyota Tacoma trim levels, the cheapest 2015 trim to insure is the Access Cab 2WD model at an average cost of $1,128 per year. Out of the 13 trim levels available for the Chevrolet Colorado, the cheapest 2015 trim level to insure is the WT Extended Cab 4WD trim at a cost of $1,262 per year, or around $105 per month.

When rates for all 26 trim levels for both vehicles are compared, the most affordable model and trim level to insure is the Toyota Tacoma Access Cab 2WD at an average rate of $1,128 per year, and the highest-cost model and trim level is the Chevrolet Colorado Z71 Crew Cab 2WD at an average cost of $1,446 per year.

The tables shown below illustrate the average insurance cost by trim level for both 2015 models, along with an average cost for each model. The winner for the 2015 car insurance battle is the Toyota Tacoma.

Additional Toyota Tacoma and Chevrolet Colorado Resources

• Toyota Tacoma Insurance Rates
• Chevrolet Colorado Insurance Rates
• Midsize Truck Insurance Rate Comparisons