Understanding Chevrolet Suburban Insurance Costs: Ultimate Guide for 2024

• Chevrolet Suburban insurance costs an average of $1,882 per year, or around $157 per month for full coverage.
• The Suburban ranks second out of nine vehicles in the large SUV class for insurance affordability.
• Suburban car insurance rates in a few larger cities include $2,854 in Los Angeles, CA, $1,718 in Omaha, NE, and $1,926 in Houston, TX.

How much does Chevy Suburban insurance cost?

Chevrolet Suburban car insurance averages around $1,882 per year for full coverage. Average monthly insurance cost ranges from $148 to $165, depending on the trim level being insured.

With the average large SUV costing $2,096 a year to insure, the Suburban insurance could save an average of $214 less per year to insure when compared to similar vehicles.

The chart below details how average Suburban car insurance rates vary depending on the age of the driver and comprehensive and collision deductibles.

The annual policy rates shown vary from the cheapest rate of $1,324 per year for a driver age 60 with a deductible of $1,000 to the highest rate of $4,372 annually for a 20-year-old driver with a $250 policy deductible.

The chart above plots a pretty small number of insurance cost estimates from an enormous number of possibilities. The reason for this is that if we displayed every rate for every possible risk profile, including all 11 Suburban trim levels and all 41,000+ zip codes in the U.S., the chart would have over 1,064,448,000,000 possible rates.

To help readers grasp how much variability there is in insurance cost, keep in mind that a liability-only insurance policy on an older Chevrolet Suburban in the cheapest areas of Wisconsin or North Carolina can be as cheap as $237 a year, while a newly-licensed teen driver with a couple of driving violations and a few accident claims in specific Louisiana zip codes may have to pay as much as $15,368 a year for a policy that provides full coverage.

Suburban insurance cost vs. other large SUVs

The Chevy Suburban ranks second out of nine total vehicles in the large SUV category. The Suburban costs an average of $1,882 per year to insure for full coverage, while the segment average rate is $2,096 annually, a difference of $214 per year.

That’s not to say that the Suburban will always cost more than other vehicles in the class, as rates are averaged for all different trim levels for each vehicle. A base-level Suburban trim will most likely cost quite a bit less to insure than a high-end Yukon or Expedition.

When 2024 Suburban insurance rates are compared to the best-selling models in the large SUV category, the  Suburban costs $100 more per year than the Chevrolet Tahoe, $162 less than the Ford Expedition, $160 less than the GMC Yukon, and $84 less than the Nissan Armada.

The chart below shows average car insurance rates for the entire 2024 large SUV vehicle segment, and how the Suburban compares to other models.

Another useful metric is finding out how the cost of insurance on a Chevrolet Suburban compares to large SUV models with similar average MSRP. A 2024 Suburban has an average sticker price of $69,768, before delivery charges and dealer fees.

The models in the full-size SUV segment closest in cost to the Suburban for the 2024 model year are the Toyota Sequoia, Chevrolet Tahoe, Ford Expedition, and GMC Yukon.

The next list shows how those models compare to the Suburban by purchase price and insurance policy cost.

• Compared to the Toyota Sequoia – The purchase price for the Toyota Sequoia averages $2,418 more than the average sticker price for the Suburban ($72,186 compared to $69,768). Full-coverage insurance on the Toyota Sequoia costs an average of $494 more annually than the Chevrolet Suburban.
• Compared to the Chevrolet Tahoe – The Chevrolet Tahoe retails for an average of $66,777 ($60,875 to $78,295), which is $2,991 cheaper than the average cost for the Suburban. Expect to pay approximately $100 less every 12 months to insure the Chevrolet Tahoe compared to a Suburban.
• Compared to the Ford Expedition – With an average sticker price of $72,840 ($55,525 to $89,235), the Ford Expedition costs $3,072 more than the MSRP for the Suburban. Full-coverage insurance on the Ford Expedition costs an average of $162 more every 12 months than the Chevrolet Suburban.
• Compared to the GMC Yukon – Having an average price of $73,879 ($59,295 to $99,450), the GMC Yukon costs $4,111 more than the Suburban. The cost to insure a Chevrolet Suburban compared to the GMC Yukon is $160 less annually on average.

See our car insurance rate comparisons index for additional Suburban comparisons plus a full list of other makes and models.

What is the cheapest Suburban insurance?

The cheapest Chevy Suburban car insurance rates can be found on the LS 2WD at an estimated $1,770 per year, or about $148 per month. The next cheapest model is the LS 4WD at $1,806 per year, and the third cheapest trim level to insure is the LT 2WD at $1,832 per year.

The most expensive models of Suburban to insure are the two and four-wheel drive versions of the Premium trim at $1,960 per year. Those two models will cost an extra $208 per year over the cheapest LS 2WD model.

The rate table below shows average auto insurance rates for yearly and semi-annual policy terms, including a monthly budget amount, for each Chevy Suburban model.

Average insurance rates by U.S. city

Depending on the city you live in, the cost to insure a Suburban varies widely from cheaper premiums like $1,322 a year in Virginia Beach, VA, or $1,246 in Raleigh, NC, to more expensive rates like $2,860 a year in Las Vegas, NV, and $2,622 in Miami, FL.

Additional large metro area rates include Oakland, CA, at $2,478 per year, Minneapolis, MN, at $1,910, Tucson, AZ, at an estimated $1,784, and Wichita, KS, costing $1,970.

The data visualization below shows the average estimated Chevrolet Suburban full coverage insurance policy costs for the most populated metro areas in the United States.