A simples guide

Chevrolet Car Insurance

‘Drove my Chevy to the levee, but the levee was dry’, sang Don McLean famously in the classic track American Pie. Since the beginning of this year, it’s the Chevrolet production lines in Western Europe that have been dry. The car maker has made the decision to stop the sale of new Chevrolets across the majority of its range. 

 

 

Who owns Chevy?

The Chevrolet brand is owned by US car giant General Motors (GM). It introduced the brand to the UK back in 2005, replacing the South Korean Daewoo which had itself been brought by GM in 2001. Original Chevrolets were indeed rebadged Daewoo and throughout the period most Chevrolets for the UK market continued to be made in South Korea.

Whilst most brands will no longer be sold new in the UK, Chevrolet announced that it will continue to sell its iconic ‘muscle cars’ the Corvette and the Camaro.

car and sunset
hand on steering wheel

What does this mean when it comes to buying one?

In short, don’t worry. Whilst you can’t buy a new one anymore, there are plenty of models available second hand. Chevrolet announced  “Chevrolet authorised repairers will continue to provide service and supply Chevrolet original parts for Chevrolet vehicles in the same manner as today. Any express written warranty or service plans on Chevrolet vehicles remain unchanged and will be fully honored in accordance with the terms of the applicable agreement".

So what about insurance?

As with any car, when it comes to insurance, there are a number of things that together help an insurer decide on your premium.

A number of these relate to you, such as:

- Your age
- How long you’ve been driving
- Your no claims history
- Where you live
- How many miles a year you drive

In addition, some depend on the car itself:

- The market value of the car
- The ‘insurance group’ of the car

Car insurance groups are set by a body called the Group Rating Panel, which includes members of the Association of British Insurers (ABI) and Lloyds Market Association (LMA).

They take into account a number of things including the power of the car, the cost to repair it, and the availability of spares.

The lowest insurance group is 1 and they range up to 50.

If you are thinking of picking up the latest Corvette brand new, the cost of insurance might not be your first concern. Its 6.2 litre V8 and 466 BHP engine mean it’s a group 48 when it comes to insurance.

For an older ‘classic’ Corvette or Camaro, a number of classic car policies can be found offering good value. Classic car owners tend to be careful drivers with restricted mileage, a good combination for lower insurance costs.

For the more mainstream brands we compiled consumer quotations in February and can show you the average Chevrolet car insurance prices quoted:

Trax    £309.34

Aveo   £395.75

Spark  £415.77

Captiva   £464.41

Orlando   £468.74

Kalos   £527.35

Matiz   £551.15

Lacetti  £558.58

Tacuma  £564.21

Cruze   £586.27

The Matiz was the most popular car requested, accounting for almost a quarter of all Chevrolet quotes. The Spark made up a further 17% of requests, with the Aveo a further 12%.

(Just so you know: these averages are based on all our customer quotes, from people with different age ranges, addresses and driving histories. You may find a cheaper or more expensive quote based on your circumstances)

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