Jeffrey Johnson is a legal writer with a focus on personal injury. He has worked on personal injury and sovereign immunity litigation in addition to experience in family, estate, and criminal law. He earned a J.D. from the University of Baltimore and has worked in legal offices and non-profits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman Univer...

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Laura Walker graduated college with a BS in Criminal Justice with a minor in Political Science. She married her husband and began working in the family insurance business in 2005. She became a licensed agent and wrote P&C business focusing on personal lines insurance. Laura serviced existing business and wrote new business. She now uses her insurance background to help educate drivers about...

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Reviewed by Laura Walker
Licensed Agent for 10 Years

UPDATED: Jul 30, 2019

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The Chevrolet Monte Carlo has a long lineage with the Chevy brand. It was introduced in 1970, and redesigned in 1973, 1978, and 1981. It was taken off the market in 1988, and reintroduced in 1995 as the Chevrolet Lumina.

The Lumina was discontinued in 1999, and replaced by the sixth-generation Monte Carlo the following year. The sixth-generation sedan was revamped for the 2006 model year, and then taken off the market after the 2007 model year.

Over 400,000 Monte Carlos have been produced since 1970.

The 2007 Chevy Monte Carlo is still readily available as a used vehicle, and the base model Monte Carlo LS retails for about $10,620, according to Edmunds. This vehicle’s original MSRP in 2007 was $21,015. A used 2007 Monte Carlo LT Coupe starts at approximately $11,809, and the SS Coupe costs about $15,250 used.

Keep reading to learn how much it costs to insure and maintain a 2007 Monte Carlo, or type in your zip code above to view individualized quotes!

Monte Carlo Auto Insurance Costs

Edmunds projects auto insurance premiums of $7,927 for the Monte Carlo over five years. That breaks down to a total of $1,585 for auto insurance per year, and $132 per month.

Although that rate is not particularly high compared to what you’ll pay to insure similar new sedans like the Ford Fusion or the Nissan Altima, it is high relative to the Monte Carlo’s base price.

Auto insurance for the Ford Fusion and Honda Accord will cost about $100 less per year than insurance for a used 2007 Monte Carlo. Hyundai Sonata owners can expect to pay about $50 less per year than Monte Carlo drivers, and typical Toyota Camry owners will pay about $100 more.

To insure a new 2011 Kia Optima, you’ll pay an additional $150 or so on top of what Monte Carlo drivers pay.

2007 Monte Carlo Repair Cost

Since it is a used vehicle, repair costs for the 2007 Monte Carlo are quite high compared to those for new sedans. In fact, they’re projected to add up to approximately $2,604 over five years. This is at least $1,500 more than what you’ll pay in repair costs for a typical new midsize sedan, but the 2007 Monte Carlo’s base price is also roughly half of a typical new car’s MSRP.

Edmunds’ survey data suggests that repair costs for the 2007 Monte Carlo during the first and second years you own it will be under $500 per year, and slightly over $500 during the third year.

Fourth-year Monte Carlo repair costs will climb to nearly $600, and fifth-year costs are projected to be close to $700. For comparably-sized new sedans, repair costs generally total between $600 and $850 for five years.

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Monte Carlo Maintenance Costs

Maintenance costs for the 2007 Monte Carlo should total about $4,232 over five years. This is more than what you’ll pay to maintain a comparable new car, but the difference is not as great as it is for repair costs.

They were nearly 50 percent higher than the costs for a new car, while the Monte Carlo’s maintenance costs may be only about 25 percent higher, depending on the new car you compare it to.

The Monte Carlo’s repair costs are about 50% higher than the $2,872 projected 5-year maintenance expenses for the Honda Accord, but only about 23% higher than the $3,434 expected costs for maintaining a Kia Optima.

Scheduled maintenance costs for other midsize sedans fall within this range. For instance, the Toyota Camry and the Sonata from Hyundai only cost about $3,000 to maintain for five years.

Chevy Monte Carlo Safety Ratings

The federal government’s safety ratings agency, the National Highway Traffic Safety Administration (NHTSA), gave the 2007 Monte Carlo its highest 5-star rating for protecting both the driver and the front passenger in front impact crashes.

For its performance in lateral impacts in which another vehicle strikes the front portion of the car, it earned three stars, and it received four stars for protecting passengers when another vehicle strikes the rear portion of the vehicle’s side. The Monte Carlo also earned a 4-star rollover rating.

Keep in mind that these ratings are based on the NHTSA’s 2007 testing standards, which are not as stringent as the current safety testing standards. The 2007 Chevy Monte Carlo also lacks some features that are standard in almost all new vehicles, like electronic stability control.

This system, which will be required in all new vehicles beginning in 2012, helps to prevent skidding by applying individual brakes when the driver over- or under-steers.

Chevy Monte Carlo Fuel Economy

Compared with new midsize sedans, the 2007 Monte Carlo’s fuel economy is mediocre. According to U.S. News, all 2007 Monte Carlo models combined average 21 city mpg/31 highway mpg.

This fuel economy rating is no match for the 24 city mpg/35 highway mpg that you can get with a new Sonata or an Optima, but it’s far better than the 19 city mpg/27 highway mpg that the Subaru Legacy gets.

Monte Carlo Reliability Scores

When the 2007 Monte Carlo was new, it received a reliability score of 7.0 out of 10.0 from J.D. Power and Associates. Though this score was based on the vehicle’s initial quality, it still has some bearing on its long-term performance.

It’s also notable because, although the Monte Carlo doesn’t have the sterling reputation for quality that vehicles made by Honda and Toyota are known for, its reliability rating is comparable to what their vehicles have received.

Identifix reports that 2007 Monte Carlo owners have had minimal problems with their vehicles overall. The only exception to this is the air conditioning system. Drivers have reported minor issues with the air door articulators.

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