If you’re thinking about purchasing a Chevrolet Cruze, you may first want to look into the cost of insurance for this vehicle. Chevrolet Cruze insurance rates can vary greatly based on a number of factors, including the vehicle’s year, whether you’re a safe driver, and your driving record. Each factor weighs differently in how insurance companies determine your rate, so understanding these elements is important when shopping for insurance.
In this article, we look at the average cost of Chevrolet Cruze insurance, see some average rates for this vehicle by the model year, and offer tips for how you can save money on your premium.
Average Chevrolet Cruze Insurance Rates
A Chevrolet Cruze is a compact vehicle that’s made by General Motors. This car has been on the market since 2008 and sees regular upgrades. Depending on the trim level of the vehicle, Chevrolet Cruze insurance rates are around $1,478 per year or $123 per month for full coverage. The cheapest average insurance cost is for the Chevrolet Cruze L Sedan, with the premiums costing individuals around $1,370 per year or $114 per month.
Average Chevrolet Cruze Insurance Rates by Car Year
Depending on the year of your Chevrolet Cruze, you may pay more or less for your insurance premium. The following are insurance rates by company based on the Cruze year.
Here are the average coverage rates for the 2020 Chevrolet Cruze:
- Allied: $762 per year
- Vermont Mutual: $1,139 per year
- USAA: $1,246 per year
- Nationwide: $1,265 per year
- Erie: $1,317 per year
- Geico: $1,337 per year
- State Farm: $1,454 per year
- 21st Century: $1,476 per year
The following are insurance rates for the 2019 Chevrolet Cruze:
- Auto Owners: $1,121 per year
- Erie: $1,131 per year
- USAA: $1,160 per year
- Nationwide: $1,309 per year
- Geico: $1,405 per year
- Progressive: $1,523 per year
- Mercury: $1,531 per year
Here are the average insurance rates for the 2018 Chevrolet Cruze:
- Geico: $739 per year
- Progressive: $760 per year
- USAA: $826 per year
- State Farm: $980 per year
- Nationwide: $1,139 per year
- American Family: $1,213 per year
- Allied: $1,236 per year
Average Chevrolet Cruze Insurance Rates Compared to Other Chevrolet Makes and Models
The type of Chevrolet you have can impact your insurance rate, and knowing these rates can help you when deciding on which vehicle to purchase. Here are the rates of a few other Chevrolet makes and models to compare to the rates of the Chevy Cruze:
- Chevrolet Corvette: $1,864 per year
- Chevrolet Volt: $1,712 per year
- Chevrolet Blazer: $1,516 per year
- Chevrolet Camaro: $1,472 per year
- Chevrolet Avalanche: $1,422 per year
- Chevrolet Tahoe: $1,398 per year
- Chevrolet Malibu: $1,384 per year
- Chevrolet Traverse: $1,258 per year
- Chevrolet Aveo: $1,192 per year
Factors That Affect Your Chevrolet Cruze Insurance Costs
There are a variety of factors that go into determining what you’ll pay for auto insurance for your Chevrolet Cruze. Some of these factors include:
- Your age: How old you are can greatly affect your insurance premium cost. Teenagers and adults in their 20s typically pay more for insurance than older adults. This is due to a limited driving history and little driving experience, which can be a risk for insurance companies.
- Driving history: Car insurance providers look at a driver’s history to determine how much of a risk they may be to insure. Drivers with violations, DWIs, or other bad marks on their records may pay more for insurance than drivers with clean histories.
- Credit score: Your credit score is another factor that influences your auto rate. Those with lower credit scores often pay more in insurance premiums, while people with higher credit scores often pay less.
- Location: Where you live geographically is another important element of your insurance premium price. People who live in urban areas often have higher insurance rates due to the increased risk of an accident, while those who live in suburban areas may pay less for insurance.
- Insurance history: Whether you have a continuous insurance history when seeking coverage for your Cruze is another factor considered. Those who have a history of continued coverage may pay less, while those with gaps in their insurance coverage may pay more due to the perceived risk they may pose.
- Claims history: How many claims you’ve filed with your current and previous insurance companies can impact your insurance rate. If you have a lengthy history of filing claims with your insurance providers, you’ll likely pay more for coverage than those with little to no previous claims.
- Coverage level: How much coverage you choose to add to your premium will also impact what you’ll pay. There are several additional coverage options you can opt for, such as higher liability coverage, comprehensive coverage, and collision coverage. Each type of coverage will add to the total cost of your premium.
- Insurance provider: The insurance provider you choose to go through can affect your auto coverage, as each insurance company is different and may offer a different price for insurance. It’s recommended to shop around with different insurance providers before selecting a plan to see which one has an auto insurance rate that fits your budget.
How To Save on Your Chevrolet Cruze Insurance Premiums
If these insurance rates for the Chevrolet Cruze seem high to you, it’s important to know that there are a few ways you can help reduce your overall insurance costs. The most common way to save money on your premium is through discounts. One discount involves bundling your car insurance with another insurance policy you hold with the company. For example, if you have homeowners insurance, you can bundle this with your new car insurance to save.
Another discount is an affinity discount, or a profession-based discount. This type of discount is available to those who hold certain jobs or work in certain fields. Common professionals who are eligible for this discount include accountants, engineers, teachers, first responders, government employees, and medical professionals. Additional discounts include new-car discounts, anti-theft device discounts, vehicle-safety discounts, and good-driver discounts.
There are several options available when it comes to getting car insurance for a Chevrolet Cruz. Taking time to research insurance companies and their rates before you purchase your Cruze can help you decide which company to go with. You can speak with an insurance representative or your local Chevrolet dealership to learn more.
At FIXD, our mission is to make car ownership as simple, easy, and affordable as possible. Our research team utilizes the latest automotive data and insights to create tools and resources that help drivers get peace of mind and save money over the life of their car.