As one of America’s three largest automakers, Chevy has a wide variety of vehicles to satisfy any driver. Aside from typical ownership costs such as upkeep and car insurance, many are very affordable. How insurance companies determine rates varies greatly depending on certain factors such as your age and where you live.
Certain things, such as traffic violations and accidents caused by negligence, can increase your premium. If you don’t have or maintain a good credit score, you may pay higher premiums. So, if you’re considering a Chevrolet, what’s the best Chevrolet to buy even with poor credit when it comes to insurance?
Chevrolet premium overview
According to CarEdge, if you’re under 30, you’ll pay less than $2,000 annually for your average Chevrolet insurance policy. This data assumes you have your new car insured and drive 13,000 miles or less per year.
If your credit score drops, you could end up paying $3,000 or more in premiums if you’re in your 30s or 40s. Her low-credit driver, around 25, means he spends $4,366 to insure his Chevrolet every year. However, depending on the specific model, the price may be lower than average.
Which Chevrolet car should I buy if I have bad credit?
Chevy Trax annual premiums average about $2,500 for low credit. Starting at just $21,700 for the 2022 model year, its engine has had a significant boost in horsepower for its latest model year.
Due to the lower credit rating, the Chevy Equinox has a much lower annual premium than its siblings. In total, you can only pay $2,682 a year. The Chevy Trailblazer is also very affordable with an annual premium of $2,805 for him.
Chevrolet Spark is your best option
If your credit score is below average, you’ll end up paying about $2,419 to insure your Chevy Spark. That’s almost $600 less than insuring another affordable hatchback, the Chevy Sonic.
Once your credit is back in good standing, your annual premium will be up to $1,408. Typically, insurance premiums for Spark hatchbacks after an accident average $2,067. By way of comparison, a Chevrolet driver in his 40s with good credit would end up paying his $3,000 or more in premiums after an accident like this.
Production of the Chevy Spark officially ended last summer, which means you can get a good deal on a used model. Spark has his 98-horsepower four-cylinder engine under the hood, mated to a five-speed manual transmission or his CVT. Models with manual transmissions can get up to 33 mpg combined.
Cars and drivers prefer manual transmissions over CVTs for smoother, quieter operation. Cars and drivers were unimpressed with the Spark’s speed, but testers appreciated the braking performance and handling of this hatchback. At just 143 inches in length, he’s also one of the most accessible cars to drive and park in a busy city.
The Chevy Spark only seats four riders, and the seat cushions are predictably basic. The taller trim comes with synthetic leather seats, but there’s no way to improve the tiny second row. Still, Car and Driver said the Spark’s overall interior quality is excellent for its price. I’m here.
Each Chevy Spark also comes with support for Bluetooth and smartphone integration. However, if you want ADAS features or power windows, you’ll need to buy higher trim. Luckily, even a fully loaded Chevrolet Spark is more affordable (and cheaper to insure) than other hatchbacks.