diff --git a/pkg/action/install.go b/pkg/action/install.go
index c6c803744..ef10b9b71 100644
--- a/pkg/action/install.go
+++ b/pkg/action/install.go
@@ -840,7 +840,7 @@ OUTER:
 			if err != nil {
 				return err
 			}
-			if dac.Name() == rac.Name() && dac.Version() == rac.Version() {
+			if dac.Name() == rac.Name() && chartutil.IsCompatibleRange(rac.Version(), dac.Version()) {
 				continue OUTER
 			}
 		}
diff --git a/pkg/action/install_test.go b/pkg/action/install_test.go
index 05ca9a75e..301fc688e 100644
--- a/pkg/action/install_test.go
+++ b/pkg/action/install_test.go
@@ -1224,7 +1224,7 @@ func TestInstallCRDs_WaiterError(t *testing.T) {
 }
 
 func TestCheckDependencies(t *testing.T) {
-	dependency := chart.Dependency{Name: "hello"}
+	dependency := chart.Dependency{Name: "hello", Version: "0.1.0"}
 	mockChart := buildChart(withDependency())
 
 	assert.Nil(t, CheckDependencies(mockChart, []ci.Dependency{&dependency}))
diff --git a/pkg/cmd/testdata/output/install-with-outdated-deps.txt b/pkg/cmd/testdata/output/install-with-outdated-deps.txt
index 90823aa91..9e3d6f83a 100644
--- a/pkg/cmd/testdata/output/install-with-outdated-deps.txt
+++ b/pkg/cmd/testdata/output/install-with-outdated-deps.txt
@@ -1,9 +1,3 @@
-Hang tight while we grab the latest from your chart repositories...
-...Successfully got an update from the "test" chart repository
-Update Complete. ⎈Happy Helming!⎈
-Saving 1 charts
-Downloading oci-dependent-chart from repo {{ .repoUrl }}
-Deleting outdated charts
 NAME: updeps
 LAST DEPLOYED: Fri Sep  2 22:04:05 1977
 NAMESPACE: default
diff --git a/pkg/cmd/testdata/testcharts/chart-with-outdated-dependency/.gitignore b/pkg/cmd/testdata/testcharts/chart-with-outdated-dependency/.gitignore
new file mode 100644
index 000000000..68d93c64f
--- /dev/null
+++ b/pkg/cmd/testdata/testcharts/chart-with-outdated-dependency/.gitignore
@@ -0,0 +1 @@
+requirements.lock
diff --git a/pkg/kube/fake/failing_kube_client.go b/pkg/kube/fake/failing_kube_client.go
index 0f7787f79..1289b35c6 100644
--- a/pkg/kube/fake/failing_kube_client.go
+++ b/pkg/kube/fake/failing_kube_client.go
@@ -19,6 +19,7 @@ package fake
 
 import (
 	"io"
+	"sync"
 	"time"
 
 	metav1 "k8s.io/apimachinery/pkg/apis/meta/v1"
@@ -49,6 +50,7 @@ type FailingKubeClient struct {
 	WaitDuration           time.Duration
 	// RecordedWaitOptions stores the WaitOptions passed to GetWaiter for testing
 	RecordedWaitOptions []kube.WaitOption
+	mu                  sync.Mutex
 }
 
 var _ kube.Interface = &FailingKubeClient{}
@@ -160,7 +162,9 @@ func (f *FailingKubeClient) GetWaiter(ws kube.WaitStrategy) (kube.Waiter, error)
 
 func (f *FailingKubeClient) GetWaiterWithOptions(ws kube.WaitStrategy, opts ...kube.WaitOption) (kube.Waiter, error) {
 	// Record the WaitOptions for testing
+	f.mu.Lock()
 	f.RecordedWaitOptions = append(f.RecordedWaitOptions, opts...)
+	f.mu.Unlock()
 	waiter, _ := f.PrintingKubeClient.GetWaiterWithOptions(ws, opts...)
 	printingKubeWaiter, _ := waiter.(*PrintingKubeWaiter)
 	return &FailingKubeWaiter{