Compare the Cost of Chevy Tahoe Insurance by Model Year and Company
Chevy Tahoe car insurance costs $1,406 per year, making it a moderately expensive car to insure. State Farm is the cheapest insurer for a Chevy Tahoe, at an average annual price of $1,096. Your rate will depend on the model year, age and provider.
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Car insurance rates vary significantly based on the driver’s age and model year. For instance, a 16-year-old Chevy Tahoe driver will spend an average of $5,602 per year on a 2009 model for a full coverage policy, while a 40-year-old driver will spend just $1,210. For the 2022 model year, a 16-year-old will pay $6,803 annually, while a 40-year-old will pay $1,503.
To determine the best insurer for the Chevy Tahoe, MoneyGeek evaluated car insurance providers based on their combined scores in affordability, service quality and claims management.
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Why Trust MoneyGeek? We collected thousands of car insurance quotes from Quadrant Information Services to analyze average rates for a Chevy Tahoe.
These rates were updated to reflect the average cost of car insurance for a Chevy Tahoe as of 2023.
Average Cost and Cheapest Companies for Insuring a Chevy Tahoe
The average cost of insuring a Chevy Tahoe is $1,406 per year, but the type of coverage and insurer you choose will affect your actual rate. For example, State Farm offers the cheapest full coverage policy for a Chevy Tahoe, at a yearly average of $1,096, while Farmers is the most expensive, at $1,587 per year.
State Farm also offers the cheapest option for a minimum coverage policy at $479 per year, while Farmers has the most expensive policy at $746 per year. MoneyGeek recommends comparing quotes to find the cheapest car insurance company for you.
Is a Chevy Tahoe Expensive to Insure?
Insurance companies look at several factors when pricing policies for different car models. Due to its status and value, providers typically charge a moderately expensive premium to insure a Chevy Tahoe. With a manufacturer's suggested retail price (MSRP) of $54,395 for the 2022 model year, the Tahoe is considered a high-value car. This designation makes it an attractive target for theft and generally more expensive to repair.
Best Companies for Insuring a Chevy Tahoe
While it may be tempting to choose the cheapest insurer, it’s also important to consider a company’s service and coverage options. The best car insurance provider balances affordability, quality service and claims experience. The best insurers for a Chevy Tahoe are:
- State Farm: MoneyGeek score 90 out of 100 ($1,096 per year)
- GEICO: MoneyGeek score 87 out of 100 ($1,216 per year)
State Farm ranks first for affordability and second for customer satisfaction, making it the best overall provider for a Chevy Tahoe.
MoneyGeek Top Pick: State Farm
Offers the most affordable premium for a Chevy Tahoe at $1,096 per year
Ranks highly in customer satisfaction
Offers Roadside Assistance coverage
Below average claims experience score
Lacks New Car Replacement coverage
Of the insurers MoneyGeek analyzed, State Farm offers the most affordable premiums for the Chevy Tahoe and earns a high score in customer satisfaction.
Chevy Tahoe drivers may benefit from State Farm’s Roadside Assistance add-on, which covers up to one hour of mechanical labor if your vehicle breaks down. It also includes the delivery of gas, oil, battery or tires, a tow to the nearest mechanic, and locksmith labor for up to one hour to unlock a covered car if its key is lost, stolen or locked inside.
State Farm offers several discounts when you install safety devices in your car, such as anti-lock brakes, anti-theft systems and airbags. You can also save money with this insurer by installing daytime running lamps on your Chevy Tahoe.
MoneyGeek Runner-Up: GEICO
Ranks second for affordability for a Chevy Tahoe
Ranks highly in customer satisfaction
Offers valuable coverages, including Mechanical Breakdown Insurance (MBI) and Accident Forgiveness
Low claims experience score
Lacks Original Equipment Manufacturer (OEM) coverage
Aside from providing low-cost premiums, GEICO earned high marks for customer satisfaction. The company offers Mechanical Breakdown Insurance (MBI), which provides extra coverage at a lower cost than a conventional dealer-extended warranty. It includes all components and systems for more comprehensive protection of your Chevy Tahoe. MBI is available for new or leased vehicles less than 15-months-old and driven for less than 15,000 miles.
You may also buy or earn GEICO's Accident Forgiveness coverage in all states except California, Connecticut and Massachusetts. With Accident Forgiveness, your insurance premium will not increase after your first at-fault accident. You can earn this coverage if you're over 21 and have been accident-free for five years or more.
Cost of Insuring a Chevy Tahoe by Model Year
The average cost of insuring a 2009 Chevy Tahoe is approximately $1,210 for a full coverage policy, while the average cost of insuring a 2022 Chevy Tahoe is $1,503. That’s a difference of $293 a year. As cars age, their value depreciates, so insurance companies typically charge higher premiums for newer cars.
The model year of your car and your choice of insurer will affect the average cost of car insurance. The cheapest company for the 2009 Chevy Tahoe is State Farm, offering an average rate of $906 per year for a full coverage policy. State Farm is also the cheapest company for the 2022 Chevy Tahoe, at an average rate of $1,229 annually.
Cost of Insuring a Chevy Tahoe for 16- to 25-Year-Olds
Car insurance for a teen driving a Chevy Tahoe is significantly more expensive than insurance for a 40-year-old due to their perceived risk to insurers. On average, full coverage insurance on a Chevy Tahoe for a 16-year-old driver costs $6,269 annually, while a 40-year-old driver pays $1,369. As teen drivers age, insurance costs decrease, and when drivers enter their 20s, rates tend to stabilize as they gain more experience.
The cheapest way to insure a 16-year-old driving a Chevy Tahoe is to include them on a family plan, as individual policies can be significantly more expensive. State Farm is the cheapest insurer for a 16-year-old driving a 2022 Chevy Tahoe, at an average rate of $3,926 per year for a full coverage policy.
On the other end of the spectrum, the most expensive insurer for a 16-year-old driving a Chevy Tahoe is Progressive, at an average annual rate of $9,542. We recommend shopping around to get the most affordable car insurance for teens.