Chevy Suburban Car Insurance Rates for 2023

How much will it cost to insure a Chevy Suburban? We explore average insurance rates from the LS model up to the High Country trim level to see how rates compare to other large SUVs.

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How much does Chevy Suburban insurance cost?

Chevrolet Suburban car insurance averages around $1,750 per year for full coverage. Average monthly insurance cost ranges from $137 to $152, depending on the trim level being insured.

With the average large SUV costing $1,930 a year to insure, the Suburban insurance could save an average of $180 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 $4,014 annually for a 20-year-old driver with a $250 policy deductible.

Get Rates in Your AreaWhy is this important?

Chart Data Details: Chart shows average insurance cost for a 2023 Chevrolet Suburban with safe driver and claim-free discounts applied. Rates are for full-coverage insurance and averaged for all U.S. states and all Chevrolet Suburban trim levels.Data last updated on January 23, 2023
Chevrolet Suburban Car Insurance Cost Summary
2023 Chevrolet Suburban Insurance Cost by Driver Age and Deductibles
Driver Age Deductible Annual Cost Monthly Cost
20$1,000$2,946$246
$500$3,466$289
$250$4,014$335
30$1,000$1,548$129
$500$1,840$153
$250$2,144$179
40$1,000$1,480$123
$500$1,750$146
$250$2,028$169
50$1,000$1,350$113
$500$1,592$133
$250$1,842$154
60$1,000$1,324$110
$500$1,560$130
$250$1,808$151

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 posible 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 $14,788 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 $1,750 per year to insure for full coverage, while the segment average rate is $1,930 annually, a difference of $180 per year.

That’s not to say that the Suburban will always cost more that 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 2023 Suburban insurance rates are compared to the best-selling models in the large SUV category, the  Suburban costs $96 more per year than the Chevrolet Tahoe, $66 less than the Ford Expedition, $144 less than the GMC Yukon, and $226 less than the Nissan Armada.

The chart below shows average car insurance rates for the entire 2023 large SUV vehicle segment, and how the Suburban compares to other models.

Get Rates in Your AreaWhy is this important?

Chart Data Details: Average rates are for a 2023 model year Chevrolet Suburban, 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 Chevrolet Suburban trim levels. Physical damage deductibles are $500 and rates are averaged for all U.S. states.Data last updated on January 23, 2023
Chevrolet Suburban vs Large SUVs Insurance Cost Comparison
Chevrolet Suburban Insurance Cost Compared to All Large SUVs
Rank Make/Model Insurance Cost Difference
1Chevrolet Tahoe$1,654-$96
2Chevrolet Suburban$1,750--
3Ford Expedition$1,816$66
4Toyota Sequoia$1,826$76
5GMC Yukon$1,894$144
6Nissan Armada$1,976$226
7Jeep Wagoneer$2,072$322
8GMC Hummer EV$2,088$338
9Jeep Grand Wagoneer$2,296$546

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 2023 Suburban has an average sticker price of $69,000, before delivery charges and dealer fees.

The models in the full-size SUV segment closest in cost to the Suburban for the 2023 model year are the Toyota Sequoia, Jeep Wagoneer, Chevrolet Tahoe, and Ford Expedition.

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 $267 more than the average sticker price for the Suburban ($69,267 compared to $69,000). Full-coverage insurance on the Toyota Sequoia costs an average of $76 more annually than the Chevrolet Suburban.
  • Compared to the Jeep Wagoneer – The Jeep Wagoneer retails for an average of $68,171 ($58,300 to $74,865), which is $829 cheaper than the average cost for the Suburban. Expect to pay approximately $322 more every 12 months to insure the Jeep Wagoneer compared to a Suburban.
  • Compared to the Chevrolet Tahoe – With an average sticker price of $66,686 ($56,095 to $77,795), the Chevrolet Tahoe costs $2,314 less than the MSRP for the Suburban. Full-coverage insurance on the Chevrolet Tahoe costs an average of $96 less every 12 months than the Chevrolet Suburban.
  • Compared to the Ford Expedition – Having an average price of $72,043 ($55,125 to $85,615), the Ford Expedition costs $3,043 more than the Suburban. The cost to insure a Chevrolet Suburban compared to the Ford Expedition is $66 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 $1,648 per year, or about $137 per month. The next cheapest model is the LS 4WD at $1,680 per year, and the third cheapest trim level to insure is the LT 2WD at $1,706 per year.

The most expensive models of Suburban to insure are the two and four-wheel drive versions of the Premium trim at $1,810 per year. Those two models will cost an extra $170 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.

2023 Chevrolet Suburban Insurance Cost by Trim Level
Chevrolet Suburban Trim Level Annual Policy Six-Month Policy Per Month
LS 2WD$1,648$824$137
LS 4WD$1,680$840$140
LT 2WD$1,706$853$142
RST 2WD$1,732$866$144
LT 4WD$1,738$869$145
Z71 4WD$1,754$877$146
RST 4WD$1,758$879$147
Premier 2WD$1,784$892$149
Premier 4WD$1,802$901$150
High Country 4WD$1,810$905$151
High Country 2WD$1,818$909$152

Get Rates in Your AreaWhy is this important?

Table Data Details: Average rates are for a 2023 Chevrolet Suburban, 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.Data last updated on February 5, 2023
Chevrolet Suburban Insurance Cost by Trim Level

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 $1,170 a year in Virginia Beach, VA, or $1,096 in Raleigh, NC, to more expensive rates like $2,728 a year in Las Vegas, NV, and $2,520 in Miami, FL.

Additional large metro area rates include Oakland, CA, at $2,340 per year, Minneapolis, MN, at $1,766, Tucson, AZ, at an estimated $1,638, and Wichita, KS, costing $1,826.

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

Get Rates in Your AreaWhy is this important?

Chart Data Details: Chart shows average car insurance rates for a 2023 Chevrolet Suburban, 40-year-old married male driver with safe driver and claim-free discounts applied. Physical damage deductibles are $500 and rates are the average for all Chevrolet Suburban trim levels.Data last updated on January 23, 2023
Chevrolet Suburban Insurance Rates in Large U.S. Cities
Chevrolet Suburban Insurance Rates by Location
City/State Annual Rate Monthly Rate
New York, NY$3,080$257
Philadelphia, PA$2,734$228
Las Vegas, NV$2,728$227
Los Angeles, CA$2,720$227
San Francisco, CA$2,354$196
Kansas City, MO$2,096$175
Oklahoma City, OK$2,096$175
Denver, CO$2,054$171
Memphis, TN$2,054$171
Atlanta, GA$2,028$169
San Jose, CA$1,970$164
Phoenix, AZ$1,922$160
Portland, OR$1,896$158
San Diego, CA$1,880$157
Boston, MA$1,876$156
Jacksonville, FL$1,874$156
Chicago, IL$1,826$152
Dallas, TX$1,792$149
Houston, TX$1,784$149
Seattle, WA$1,780$148
Nashville, TN$1,712$143
Milwaukee, WI$1,704$142
Albuquerque, NM$1,672$139
San Antonio, TX$1,618$135
Omaha, NE$1,572$131
Fort Worth, TX$1,564$130
Austin, TX$1,544$129
Indianapolis, IN$1,410$118
Columbus, OH$1,298$108
Charlotte, NC$1,238$103