Guide to Chevrolet Colorado Insurance for 2025: Rates & Comparisons

• Chevrolet Colorado car insurance costs $2,114 per year on average, or around $176 per month for full coverage.
• The Colorado WT 4WD trim level is the cheapest to insure at around $1,992 per year. The most expensive trim is the ZR2 Bison 4WD at $2,340 per year.
• The Colorado ranks first out of 10 midsize trucks for auto insurance affordability.

How much does Chevy Colorado insurance cost?

Chevy Colorado insurance rates average $2,114 per year, which is the equivalent of $176 a month. The Colorado costs $162 less per year than the overall U.S. average for all vehicles.

From an individual coverage perspective, comprehensive (or other-than-collision) coverage will cost about $600 a year, collision insurance costs about $852, and the remaining liability/medical is approximately $662.

Average cost per month to insure a Chevy Colorado pickup ranges from $166 to $195 depending on the trim level. A little later in this article, we will break down the average insurance rate for each Colorado trim level.

The graphic below shows how average 2024 Chevrolet Colorado car insurance rates fluctuate based on the age of the driver and policy deductibles. The prices shown are for an annual policy, and range from the cheapest price of $1,488 per year for a 60-year-old driver with $1,000 deductibles to a high of $4,820 annually for a driver age 20 with deductibles of $250.

Two key concepts from this data are:

1. As you age, insurance for your Colorado gets more affordable
2. Lower policy deductibles are more expensive than higher deductibles

So what does this mean for you?

Well, you can’t do anything about how old you are. If you’re still in your teens or twenties, you’re going to have more expensive car insurance. That’s just how it goes due to the increased risk of insuring younger drivers.

But you can control your policy’s physical damage deductibles. Those are the coverages called “comprehensive” (sometimes referred to as other-than-collision), and “collision”. One covers you when you hit something (collision), the other covers you when your car is damaged by hail, flooding, fire, vandalism, etc. (comprehensive).

Your deductible is the amount of money you agree to pay if you have a claim before your insurance kicks in and pays the rest.

Here’s an example of how a deductible works.

You’re driving your Colorado down a mountain pass in… Colorado (of course), when a mountain goat decides to test the impact strength of your door. His horns impale your door and cause $1,300 damage. You have a $500 comprehensive deductible so you would pay that amount of the repair bill. Your insurance policy would pay the remaining $800.

By choosing a higher deductible, you would have to pay more of the claim, but in return, your car insurance would be cheaper each year. If you do not anticipate frequent claims, then a higher deductible may save you money in the long run.

Which Chevy Colorado trims are cheap to insure?

The cheapest trim levels of Chevy Colorado to insure are the WT 4WD, the WT 2WD, and the LT 4WD all at around $1,992 per year, or about $166 per month

The two most expensive trim levels of Chevrolet Colorado to insure are the ZR2 Bison 4WD and the ZR2 4WD at $2,230 per year. Those will cost an extra $348 per year over the cheapest WT 4WD model.

The next table displays the average annual and 6-month policy costs, plus a monthly amount for budgeting, for each 2024 Chevy Colorado package and trim level.

How do Chevrolet Colorado insurance rates compare?

The Chevy Colorado ranks first out of 10 total comparison vehicles in the 2024 midsize truck class. The Colorado costs an average of $2,114 per year for full coverage insurance, while the segment median rate is $2,422 annually, making the Colorado $308 cheaper per year.

When average rates are compared to other midsize trucks, insurance for a 2024 Chevy Colorado costs $314 less per year than the Toyota Tacoma, $178 less than the Ford Ranger, $156 less than the Nissan Frontier, and $414 less than the Jeep Gladiator.

The chart below ranks the cost to insure all midsize pickups for the 2024 model year, with the Chevrolet Colorado ranking first at an average annual cost of $2,114 (about $176 per month).

The 2024 Chevy Colorado has an average MSRP of $40,308, ranging from the cheapest WT 4WD model at $33,995 to the most expensive ZR2 Bison 4WD costing $60,095.

Using this average purchase price value, we can compare the Chevy Colorado to other vehicles in the midsize truck segment that have the most similar MSRP values.

The four trucks that are most similar in price to the Chevy Colorado are the Ford Ranger, Honda Ridgeline, Toyota Tacoma, and Nissan Frontier.

The next list shows how they compare to a Colorado for overall price and the cost of insurance.

• Compared to the Ford Ranger – The 2024 Chevrolet Colorado has an average MSRP that is $1,145 cheaper than the Ford Ranger ($40,308 versus $41,453). Buying insurance for the Ford Ranger costs an average of $178 more per year than the Chevrolet Colorado.
• Compared to the Honda Ridgeline – With an average dealer MSRP of $42,885 ($38,800 to $46,230), the Honda Ridgeline costs $2,577 more than the average sticker price for the Colorado. The average insurance cost for a Colorado compared to the Honda Ridgeline is $266 less per year.
• Compared to the Toyota Tacoma – For the 2024 model year, the MSRP on the Toyota Tacoma averages $2,720 less than the average MSRP for the Colorado ($37,588 compared to $40,308). Insurance on a Colorado costs an average of $314 less per year than the Toyota Tacoma.
• Compared to the Nissan Frontier – The 2024 Nissan Frontier sells for an average of $35,592 ($29,770 to $43,940), which is $4,716 cheaper than the average cost of the Colorado. The cost to insure a Chevrolet Colorado compared to the Nissan Frontier is $156 less every 12 months on average.

Chevrolet Colorado Insurance Cost by Model Year

There are quite a few factors that help determine how much you’ll pay to insure your Colorado. One of those is the age of the vehicle.

The table below shows average insurance rates on the Colorado back to the 2015 model year. These rates are for full-coverage insurance (including comprehensive and collision coverage), so rates for liability-only coverage on older models are considerably cheaper.

Additional Rates and Policy Information

Other important data observations about insuring a Chevrolet Colorado include:

• Gender affects car insurance rates. For a 2024 Chevrolet Colorado, a 20-year-old man pays an average rate of $4,162 per year, while a 20-year-old female will get a rate of $3,020, a difference of $1,142 per year. The females get the cheaper rate by far. But by age 50, the cost for male drivers is $1,878 and the cost for women is $1,832, a difference of only $46.
• The older you get, the cheaper insurance rates become. The difference in insurance rates for a 2024 Colorado between a 50-year-old driver ($1,878 per year) and a 30-year-old driver ($2,252 per year) is $374, or a savings of 18.1%.
• Be a careful driver and pay less. Causing too many accidents will raise rates, as much as $2,894 per year for a 20-year-old driver and as much as $848 per year for a 40-year-old driver.
• Car insurance is cheaper with higher deductibles. Raising your policy deductibles from $500 to $1,000 could save around $332 per year for a 40-year-old driver and $624 per year for a 20-year-old driver.
• Lower deductibles raise insurance costs. Cutting your deductibles from $500 to $250 could cost an additional $342 per year for a 40-year-old driver and $658 per year for a 20-year-old driver.