Chevrolet Spark Insurance Cost for 2021

How much does Chevy Spark insurance cost? We tallied up insurance rates from the base LS model up to the top end Activ trim to see how the average car insurance rate compared to all other compact cars.

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How much does Chevy Spark insurance cost?

Chevy Spark car insurance costs on average $1,166 a year for full coverage, or $97 a month. With the average small car costing $1,469 a year to insure, the Spark costs $303 less than average per year to insure.

Depending on the Spark trim level being insured, monthly car insurance rates for a Chevrolet Spark range from $92 to $101, with the LS Hatchback being cheapest and the Activ Hatchback costing the most to insure.

The chart below details average car insurance cost for a 2021 Chevy Spark using some common driver age and risk scenarios.

Get Rates in Your AreaWhy is this important?

Chart Data Details: Average rates are for a 2021 model year Chevrolet Spark with safe driver and claim-free discounts applied to qualifying risk profiles. Discount Rate includes all possible rate discounts including multi-vehicle, multi-policy, homeowner, and others. Physical damage deductibles are $500 except for low and high deductible estimates which are $100 and $1,000, respectively. Rates are averaged across all U.S. states and all Chevrolet Spark trim levels.
Chevrolet Spark Insurance Cost Summary
Chevrolet Spark Insurance Cost Summary
Driver Risk Profile Annual Rate Monthly Rate
High Risk Driver Age 30$2,616$218
Safe Driver Age 20$2,292$191
At-fault Accidents Age 40$1,652$138
Low Deductibles Age 40$1,454$121
Safe Driver Age 30$1,212$101
Safe Driver Age 40$1,166$97
Safe Driver Age 50$1,064$89
Safe Driver Age 60$1,042$87
High Deductibles Age 40$1,014$85
Discount Rate Age 40$970$81

A liability-only auto insurance policy for a Spark in the cheaper areas of Iowa or North Carolina may cost as little as $239 a year. For the same 2021 Chevy Spark, a teen driver with a propensity for speed in the most expensive zip codes in America could total as much as $10,922 a year for full coverage.

That example illustrates how much car insurance rates can vary based on different drivers and locations. We also recommend getting a quote to ensure the most accurate rates for your situation and zip code.

Additional sample rates and possible policy discounts on Spark insurance include:

  • Policy discounts equal cheaper Spark insurance rates. Discounts may be available if the insureds are claim-free, belong to certain professional organizations, insure their home and car with the same company, are good students, are senior citizens, or many other discounts which could save the average driver as much as $196 per year.
  • Earn a discount from your employment. Some car insurance providers offer discounts for certain occupations like members of the military, emergency medical technicians, scientists, architects, police officers and law enforcement, and other occupations. Working in a qualifying occupation could potentially save between $35 and $151 on your car insurance premium, depending on your policy.
  • Clean up your credit to lower your rates. In states that authorize a driver’s credit data to be used as an auto insurance rate factor, drivers who maintain a credit score over 800 could find savings as much as $183 per year when compared to a credit score ranging from 670-739. Conversely, a weak credit rating could cost as much as $212 more per year.
  • Avoid accidents for cheaper rates. At-fault accidents raise insurance rates, to the tune of $534 per year for a 30-year-old driver and even $360 per year for a 60-year-old driver.
  • The higher deductible you choose, the lower the policy cost. Raising deductibles from $500 to $1,000 could save around $152 per year for a 40-year-old driver and $288 per year for a 20-year-old driver.
  • Choosing a low deductible may not make good financial sense. Decreasing your deductibles from $500 to $250 could cost an additional $158 per year for a 40-year-old driver and $302 per year for a 20-year-old driver.
  • Rates tend to decrease as driver age increases. The difference in 2021 Spark insurance cost between a 60-year-old driver ($1,042 per year) and a 20-year-old driver ($2,292 per year) is $1,250, or a savings of 54.5%.

The Spark vs. other cars: How does insurance compare?

When compared to other popular small cars, car insurance for a Chevy Spark costs $186 less per year than the Honda Civic, $68 less than the Toyota Corolla, $172 less than the Nissan Sentra, and $476 less than the Hyundai Elantra.

The Chevrolet Spark ranks #1 out of 24 total vehicles in the small car segment. The Spark costs an average of $1,166 per year to insure, while the segment median average cost is $1,469 annually, a difference of $303 per year.

The table below shows how average Chevy Spark car insurance rates compare to all 24 vehicles in the compact car segment.

Chevy Spark Insurance Cost vs Other Compact Cars
Rank Make/Model Insurance Cost Difference
1Chevrolet Spark$1,166--
2Kia Rio5$1,226$60
3Toyota Corolla$1,234$68
4Volkswagen Golf$1,276$110
5Subaru Impreza$1,286$120
6Nissan Sentra$1,338$172
7Honda Civic$1,352$186
8Mazda 3$1,352$186
9Kia Rio$1,374$208
10Hyundai Accent$1,388$222
11Kia Forte$1,408$242
12Toyota Prius$1,492$326
13Volkswagen Jetta$1,536$370
14Volkswagen GTI$1,536$370
15Hyundai Veloster$1,540$374
16Chevrolet Bolt$1,544$378
17Nissan Versa$1,546$380
18Nissan Leaf$1,552$386
19Mitsubishi Mirage G4$1,560$394
20Honda Clarity$1,624$458
21Hyundai Elantra$1,642$476
22Hyundai Ioniq$1,670$504
23Toyota 86$1,774$608
24Toyota Mirai$1,840$674

Get Rates in Your AreaWhy is this important?

Table Data Details: Average rates are based on 2021 model year, 40-year-old married male driver with a clean driving record and no at-fault accidents. Safe driver and claim-free discounts are applied to policy premium, which is averaged for all vehicle trim levels. Full coverage physical damage deductibles are $500 and rates are averaged for all U.S. states.
Chevy Spark Insurance Cost vs Other Compact Cars

Which Spark trim level is cheapest to insure?

With Chevrolet Spark insurance cost ranging from $1,102 to $1,208 annually, the lowest-cost trim level to insure is the LS Hatchback. The next cheapest trim level to insure is the LT Hatchback at $1,178 per year. Expect to budget at a minimum $92 per month for full coverage Spark insurance.

The most expensive model of Spark to insure is the Activ Hatchback at $1,208 per year. It costs about $140 more per year to insure this model over the cheapest LS Hatchback model.

The next table displays average car insurance rates for annual and 6-month policies, plus a monthly budget estimate, for each Chevrolet Spark model trim level.

2021 Chevrolet Spark Insurance Cost by Trim Level
Chevrolet Spark Trim Level Annual Policy 6-month Policy Per Month
LS Hatchback$1,102$551$92
LT Hatchback$1,178$589$98
Activ Hatchback$1,208$604$101

Get Rates in Your AreaWhy is this important?

Table Data Details: Average rates are for a 2021 Chevrolet Spark, 40-year-old married male driver with a clean driving record and no at-fault accidents. Safe driver and claim-free discounts are applied to policy premium. Physical damage deductibles are $500 and rates are averaged for all U.S. states.
Chevrolet Spark Insurance Cost by Trim Level

Do older Spark models cost less to insure?

Buying a 2013 Chevy Spark instead of a more expensive 2021 Spark could save an average of $234 each year. Even driving an almost new 2019 model could save the average driver around $50 each year.

The following table shows average Chevrolet Spark insurance rates for various driver age groups. Insurance rates range from the cheapest rate of $838 for a 60-year-old driver rated on a 2013 Chevy Spark to a maximum value of $2,394 for a 20-year-old driving a 2019 Spark.

Chevrolet Spark Insurance Cost for 2013-2021 Models
Model Year Driver Age 20 Driver Age 30 Driver Age 40 Driver Age 50 Driver Age 60
2021$2,292$1,212$1,166$1,064$1,042
2020$2,252$1,188$1,144$1,044$1,024
2019$2,394$1,256$1,216$1,110$1,086
2018$2,372$1,242$1,202$1,100$1,076
2017$2,306$1,204$1,168$1,068$1,044
2016$2,290$1,192$1,156$1,058$1,036
2015$2,090$1,092$1,056$966$946
2014$2,036$1,062$1,028$940$920
2013$1,842$958$932$856$838

Get Rates in Your AreaWhy is this important?

Table Data Details: Average rates assume clean driving record and no at-fault accidents. Full coverage physical damage deductibles are $500 and rates are averaged for all U.S. states.
Chevrolet Spark Insurance Cost by Model Year

At some point as the vehicle gets older, vehicle owners have to make the decision to delete physical damage coverage (comprehensive and collision) from a policy. As a vehicle loses value over time, the expense of maintaining comprehensive and collision coverage begins to outweigh the benefits provided by having it.

Buying a liability-only policy on an older Chevrolet Spark could possibly save around $414 a year, depending on what the comprehensive and collision deductibles were set to and the age of the driver rated on the vehicle.