diff --git a/pkg/action/install.go b/pkg/action/install.go
index 605c423bc..0ec2f9056 100644
--- a/pkg/action/install.go
+++ b/pkg/action/install.go
@@ -844,7 +844,7 @@ OUTER:
 			if err != nil {
 				return err
 			}
-			if dac.Name() == rac.Name() {
+			if dac.Name() == rac.Name() && (rac.Version() == "" || chartutil.IsCompatibleRange(rac.Version(), dac.Version())) {
 				continue OUTER
 			}
 		}
diff --git a/pkg/action/install_test.go b/pkg/action/install_test.go
index 2d83abe27..9c622f579 100644
--- a/pkg/action/install_test.go
+++ b/pkg/action/install_test.go
@@ -1196,6 +1196,27 @@ func TestCheckDependencies_MissingDependency(t *testing.T) {
 	assert.ErrorContains(t, CheckDependencies(mockChart, []ci.Dependency{&dependency}), "missing in charts")
 }
 
+func TestCheckDependencies_MatchingVersion(t *testing.T) {
+	dependency := chart.Dependency{Name: "hello", Version: "0.1.0"}
+	mockChart := buildChart(withDependency())
+
+	assert.NoError(t, CheckDependencies(mockChart, []ci.Dependency{&dependency}))
+}
+
+func TestCheckDependencies_MismatchedVersion(t *testing.T) {
+	mismatched := chart.Dependency{Name: "hello", Version: "0.2.0"}
+	mockChart := buildChart(withDependency())
+
+	assert.ErrorContains(t, CheckDependencies(mockChart, []ci.Dependency{&mismatched}), "missing in charts")
+}
+
+func TestCheckDependencies_WithoutVersionConstraint(t *testing.T) {
+	dependency := chart.Dependency{Name: "hello"}
+	mockChart := buildChart(withDependency())
+
+	assert.NoError(t, CheckDependencies(mockChart, []ci.Dependency{&dependency}))
+}
+
 func TestInstallCRDs_CheckNilErrors(t *testing.T) {
 	tests := []struct {
 		name  string
diff --git a/pkg/chart/common.go b/pkg/chart/common.go
index be68eeb42..c8282d871 100644
--- a/pkg/chart/common.go
+++ b/pkg/chart/common.go
@@ -51,6 +51,10 @@ func (r *v2Accessor) Name() string {
 	return r.chrt.Metadata.Name
 }
 
+func (r *v2Accessor) Version() string {
+	return r.chrt.Metadata.Version
+}
+
 func (r *v2Accessor) IsRoot() bool {
 	return r.chrt.IsRoot()
 }
@@ -120,6 +124,10 @@ func (r *v3Accessor) Name() string {
 	return r.chrt.Metadata.Name
 }
 
+func (r *v3Accessor) Version() string {
+	return r.chrt.Metadata.Version
+}
+
 func (r *v3Accessor) IsRoot() bool {
 	return r.chrt.IsRoot()
 }
diff --git a/pkg/chart/dependency.go b/pkg/chart/dependency.go
index 864fe6d2c..af06510b9 100644
--- a/pkg/chart/dependency.go
+++ b/pkg/chart/dependency.go
@@ -47,6 +47,10 @@ func (r *v2DependencyAccessor) Name() string {
 	return r.dep.Name
 }
 
+func (r *v2DependencyAccessor) Version() string {
+	return r.dep.Version
+}
+
 func (r *v2DependencyAccessor) Alias() string {
 	return r.dep.Alias
 }
@@ -59,6 +63,10 @@ func (r *v3DependencyAccessor) Name() string {
 	return r.dep.Name
 }
 
+func (r *v3DependencyAccessor) Version() string {
+	return r.dep.Version
+}
+
 func (r *v3DependencyAccessor) Alias() string {
 	return r.dep.Alias
 }
diff --git a/pkg/chart/interfaces.go b/pkg/chart/interfaces.go
index 6d94ad3ea..e9ecb295c 100644
--- a/pkg/chart/interfaces.go
+++ b/pkg/chart/interfaces.go
@@ -25,6 +25,7 @@ type Dependency any
 
 type Accessor interface {
 	Name() string
+	Version() string
 	IsRoot() bool
 	MetadataAsMap() map[string]any
 	Files() []*common.File
@@ -40,5 +41,6 @@ type Accessor interface {
 
 type DependencyAccessor interface {
 	Name() string
+	Version() string
 	Alias() string
 }