Which Chevrolet Has the Lowest Insurance Cost With a Recent Accident
Insurance costs typically differ depending on your circumstances. For instance, if your driving record is anything other than clean, your premiums will likely be higher. The same is true for younger drivers, those with bad credit, and those with recent accidents on their record. Naturally, the vehicle model also matters. Which Chevrolet has the brand’s lowest insurance cost with a recent accident?
The insurance cost for the Chevrolet Spark with a recent accident
According to CarEdge, insurance costs for the Chevy Spark are pretty low, averaging just $1,408 annually. For context, the average for other hatchbacks, including larger models, is about $2,225, while the average for Chevrolet as a brand is $1,784.
With a recent accident on record, your premiums rise to an average of $2,067 annually.
Younger drivers pay the highest premiums, with 17-year-old Chevy Spark drivers paying $4,769 even with a clean driving record, good credit, and no recent accidents. Once they’re involved in an accident, the premiums increase almost 1.5 times to $7,003.
Conversely, drivers between 55 and 65 seem to pay the lowest premiums, i.e., $1,257 with a clean record and $1,845 if they’ve recently been involved in an accident.
The insurance costs for other Chevrolets with a recent accident
Apart from the Chevrolet Spark, other affordable models like the Chevy Trax and Chevy Express also have reasonably low insurance costs. The former costs $1,454 if you’re accident-free and have good credit. With a recent accident, you’ll have to pay roughly $2,135. As for the Chevy Express, the typical cost is about $1,489, rising to $2,186 with a recent accident.
Among the most expensive Chevrolet models to insure is the Chevy Corvette, with good drivers typically paying $2,369 in insurance premiums. The Chevy Bolt follows close behind at $2,175, while the Chevrolet Silverado 2500HD comes behind it with $1,918 worth of insurance premiums.
If you bump into another car or get into another type of minor accident, the costs go up to $3,478, $3,193, and $2,816 for the Corvette, Bolt, and Silverado 2500HD models, respectively.
The current version of the Chevrolet Spark
The Chevy Spark was discontinued after 2022 to cater to the brand’s more popular models. It was available for a less than $15,000 starting price for its final model year with a choice of four trims, including the LS, 1LT, 2LT, and ACTIV. Each came with the same 1.4-liter four-cylinder engine paired with either a five-speed manual or a CVT transmission. The four-cylinder could produce 98 hp and 94 lb-ft of torque, which isn’t a problem for city commutes but is a bit underpowered for road trips.
According to Car and Driver, one of the perks of the 2022 Spark is that it doesn’t have the cheap interior typical of cars in this price range. However, the rear seats are a little cramped and unlikely to fit an adult unless the front seats are pushed forward.Also, the lowest trims came standard with 7.0-inch touchscreens with features like Apple CarPlay and Android Auto included. As for fuel economy, its 33 mpg is great compared to other vehicle segments but fairly underwhelming among subcompact cars.
It also came with its fair share of driver assistance technology, including available forward-collision warning, lane-departure warning, etc. However, given that it was discontinued, you might have a harder time finding a new model.
Unfortunately, those looking for the next best thing, the Chevy Trax, are also out of luck for the 2023 model year. The car is currently being redesigned for 2024 and will likely be unavailable until late 2023. In the meantime, the 2022 Chevy Trax is still available.