The Chevrolet Matiz or, the Daewoo Matiz, was subject to revisions and a relaunch process and became the Chevrolet Spark in Europe from approximately 2005. For all intents and purposes, the Matiz is an older generation Spark.
A smaller car designed for urban living, you might not see many Matiz models on the roads, having been phased out in favour of more modern competitors. That doesn’t stop the model having some fans, however. Read on to see how you could save on your Chevrolet Matiz insurance costs today!
These rates are based on the average cost of cover for cars in the insurance groups shown, for drivers of different ages with a Newcastle (NE1) postcode, which our research suggests represents an average for insurance rates in the UK. Updated: June 2024 (source: Confused)
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We used a baseline of factors to aggregated quotes from a variety of insurance companies, eventually concluding that in the UK you can insure a Matiz for an average of £30.78 every month. This places the Matiz on the lower end of the insurance market, in part due to its status as an older vehicle. If you’d rather pay in a single annual instalment, our research indicates this would cost you £325.71 each year. The baseline of factors we used was as follows:
We identified the driver as a thirty-year-old male teacher from Exeter. This was the only vehicle owned by and accessible to the driver.
The car was a non-import, right-hand-drive model.
The car was kept in a secure public car park during the day.
During the night, the car was kept on a driveway.
No modifications, safety or otherwise, or tracking devices were present on the vehicle.
The vehicle was a 2009 model Chevrolet Matiz, the latest available model.
The car was identified as being used for social, domestic, pleasure, and commuting reasons.
The driver kept to the national average of 10,000 miles driven per year.
The driver maintained a five-year no-claims discount, no driving convictions in the last five years, and had no previous non-motoring convictions.
No additional drivers.
Factors that can affect your insurance premiums
Luckily for you, we’ve collected some of the top reasons why insurance companies may vary your premium prices. Later on, we’ll give you some advice on how to keep them low.
Insurance companies are particularly interested in the security of your car. Is the vehicle often parked on a street, in a car park, or in a garage?
How good is your credit history and driving record? Insurers take note of the applicant’s background and details in order to generate an applicable insurance quote.
What degree of coverage are you requesting? Whilst our research involved comprehensive coverage, other types – mostly commonly third-party cover – are available.
How often do you drive? Insurers will take particular note of whether you significantly exceed or underperform the national average for mileage, and may adjust your quote accordingly.
How to save on your Chevrolet Matiz insurance
Everybody loves to save – and here at finder, we’re here to help you do just that. We’ve compiled a list of some of the top ways you can keep your premiums down.
Switch from paying for your insurance in monthly instalments to a single annual payment. Whilst this may only be viable for the financially secure, our research indicates that switching payment methods whilst insuring a Matiz could save you £43.61 every year.
Don’t modify your car for any other reasons than to enhance its safety or security.
Consider reducing your mileage, for instance by taking public transport to work instead of driving. Not only would you be helping the planet, reducing your mileage could lead to lower premiums!
If you’ve got a garage that you use for storage, clear it out and store your car there! Greater security brings a greater chance of reduced insurance costs.
Maintain a respectable credit history.
Try your best to maintain your no-claims discount and record of no driving convictions for as long as possible. The longer the period, the more likely it is your insurance costs will be reduced and you’ll be able to pay lower premiums.
Facts about the Chevrolet Matiz
In the period 1993-1997, the Matiz was the best-selling model for the Daewoo corporation in Europe and India, prior to the company’s acquisition by General Motors.
The vehicle goes from 0-60mph in 17 seconds.
Whilst the car was sold worldwide and manufactured initially by a South Korean vehicle company, the Matiz was first constructed in Worthing, England.
Bottom line
The newer models of the Chevrolet Matiz have clear improvements on older editions, but it’s still a hatchback that won’t turn too many heads. Nevertheless, it’s reasonably inexpensive to insure and you can reduce the cost of your premiums even further by following the tips in this guide.
Frequently asked questions
Depending on the model version, you can expect a Chevrolet Matiz to reach a top speed of 94 miles per hour.
When it comes to ensuring the safety of occupants in the context of a Chevrolet (or Daewoo) Matiz, it is important to recognise that the vehicle is older than most on the roads. This means it possesses fewer modern safety features. The Matiz does have the traditional and expected features – in particular airbags for the driver and front passenger – but little else in terms of safety modifications. If you were looking for a similar model with a greater variety of safety features, the next-generation Matiz – marketed as the Chevrolet Spark – is more up-to-date.
In its Euro NCAP review in 2005, the organisation gave the Matiz a score of 3/5 for safety. The performance was deemed ‘reasonable’, but particular praise was directed at the protection offered by the Matiz for pedestrians should an accident occur. Ask your insurer what extra safety and security features you can add in return for lower premiums.
The UK standard car tax rate sits at £150 per year. However, you might pay more or less depending on your car’s emissions.
You can buy a Chevrolet Matiz from dealerships, online sellers or a current owner.
You can compare the costs of Chevrolet Matiz car insurance using any price comparison website.
The Chevrolet Matiz can be found in insurance groups ranging from 6 to 11. This means they’re far cheaper than the average rate to insure.
The offers compared on this page are chosen from a range of products we can track; we don't cover every product on the market...yet. Unless we've indicated otherwise, products are shown in no particular order or ranking. The terms "best", "top", "cheap" (and variations), aren't product ratings, although we always explain what's great about a product when we highlight it; this is subject to our terms of use. When making a big financial decision, it's wise to consider getting independent financial advice, and always consider your own financial circumstances when comparing products so you get what's right for you. Most of the data in Finder's comparison tables has the source: Moneyfacts Group PLC. In other cases, Finder has sourced data directly from providers.
*Based on data provided by Consumer Intelligence Ltd, www.consumerintelligence.com (July ’24). 51% of car insurance customers could save £523.17
Danny is a publisher at Finder specialising in insurance and investing. He previously worked at the global insurer Aon and has appeared in national media giving advice on insurance. Danny holds a BA in International Business from the University of Plymouth and has undying loyalty to his average-poor football team, Portsmouth FC. See full bio
Danny's expertise
Danny has written 335 Finder guides across topics including:
Use our comprehensive guide to find out how much it costs to insure a Chevrolet Spark and how to save on your car insurance premiums.
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