1. Vehicles
  2. Chevrolet
  3. Silverado 1500
  4. 2001 Model Year

2001 Chevrolet Silverado Insurance Rates

Average insurance rates for a 2001 Chevrolet Silverado are $986 a year including full coverage. Comprehensive costs on average $144 each year, collision costs $178, and liability coverage costs $494. Buying a liability-only policy costs as little as $548 a year, with high-risk insurance costing around $2,120. Teenage drivers receive the highest rates at $4,052 a year or more.

Annual premium for full coverage: $986

Rate estimates for 2001 Chevrolet Silverado Insurance

Comprehensive $144
Collision $178
Liability $494

Rate data is compiled from all 50 U.S. states and averaged for all 2001 Chevrolet Silverado models. Rates are based on a 40-year-old male driver, $500 comprehensive and collision deductibles, and a clean driving record. Remaining premium consists of UM/UIM coverage, Medical/PIP, and policy fees.

Price Range by Coverage and Risk

For a driver in their 40's, prices range go from as low as $548 for just liability insurance to a high rate of $2,120 for a driver who has had serious violations or accidents.

Liability Only $548
Full Coverage $986
High Risk $2,120

View Chart as Image

2001 Chevrolet Silverado insurance rates compared
Column chart showing 2001 Chevrolet Silverado insurance prices range from $608 to $4,052 for full coverage

These differences highlight why all drivers should compare rates based on a specific location and risk profile, rather than using average rates.

Use the form below to get rates for your location.

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Recommended Companies for Cheap 2001 Chevrolet Silverado Insurance

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Searching for cheaper insurance rates for your Chevrolet Silverado 1500? I can’t think of anyone who looks forward to paying for insurance, in particular when they are paying too much. Since consumers have many options, it is very difficult to find the most cost effective insurer.

The quickest way to get rate comparisons is to understand almost all companies will pay a fee to give rate comparisons. To get started, all you need to do is provide details including whether your vehicle is owned or leased, deductibles desired, driver ages, and if it has an anti-theft system. Your information gets sent immediately to multiple different insurance companies and they return cost estimate with very little delay.

Discounts are basically free money

Auto insurance companies don’t necessarily list all available discounts very clearly, so we researched both the well known and the harder-to-find auto insurance savings. If you’re not getting every credit you qualify for, you are throwing money away.

Recommended Companies for the Best Insurance Rates

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  • Homeowners Savings – Owning a house may earn you a small savings due to the fact that maintaining a home demonstrates responsibility.
  • No Accidents – Drivers who don’t have accidents can earn big discounts when compared to drivers who are more careless.
  • Passive Restraint Discount – Factory air bags or motorized seat belts can receive discounts of more than 20%.
  • Discount for Life Insurance – Select insurance companies reward you with lower rates if you buy life insurance.
  • Drive Safe and Save – Safe drivers can pay as much as 50% less for Silverado insurance than less cautious drivers.
  • Employee of Federal Government – Employees or retirees of the government may qualify you for a discount for Silverado insurance with select insurance companies.
  • Safety Course Discount – Completing a course teaching defensive driving skills can save you 5% or more and easily recoup the cost of the course.

It’s important to note that many deductions do not apply to the entire cost. The majority will only reduce individual premiums such as collision or personal injury protection. Even though it may seem like you can get free auto insurance, it just doesn’t work that way.

To see a list of insurers with discount auto insurance rates, follow this link.

Which insurance is the “right” coverage?

When it comes to choosing coverage for your personal vehicles, there isn’t really a cookie cutter policy. Everyone’s needs are different and a cookie cutter policy won’t apply. For example, these questions could help you determine whether you could use an agent’s help.

  • Should I buy only the required minimum liability coverage?
  • Does my car insurance cover rental cars?
  • Is my business laptop covered if it gets stolen from my vehicle?
  • Does my policy cover me when driving someone else’s vehicle?
  • What is the minimum liability in my state?
  • Is a blown tire covered by insurance?
  • Are my friends covered when driving my 2001 Chevy Silverado 1500?
  • Will I be non-renewed for getting a DUI or other conviction?
  • When would I need rental car insurance?

If it’s difficult to answer those questions, then you may want to think about talking to an insurance agent. To find lower rates from a local agent, take a second and complete this form or go to this page to view a list of companies. It’s fast, free and can provide invaluable advice.

Coverages available on your policy

Understanding the coverages of a insurance policy can help you determine the right coverages and the correct deductibles and limits. Policy terminology can be confusing and coverage can change by endorsement. Shown next are the normal coverages found on the average insurance policy.

Liability – Liability coverage protects you from injuries or damage you cause to other people or property by causing an accident. This insurance protects YOU from claims by other people, and doesn’t cover damage sustained by your vehicle in an accident.

Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see policy limits of 50/100/50 that translate to $50,000 in coverage for each person’s injuries, $100,000 for the entire accident, and a limit of $50,000 paid for damaged property.

Liability coverage pays for claims such as emergency aid, funeral expenses, repair costs for stationary objects and attorney fees. How much coverage you buy is up to you, but consider buying as high a limit as you can afford.

Protection from uninsured/underinsured drivers – This protects you and your vehicle from other motorists when they either have no liability insurance or not enough. This coverage pays for medical payments for you and your occupants and also any damage incurred to your Chevy Silverado 1500.

Due to the fact that many drivers have only the minimum liability required by law, their liability coverage can quickly be exhausted. So UM/UIM coverage is important protection for you and your family.

Comprehensive (Other than Collision) – This coverage covers damage that is not covered by collision coverage. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive coverage pays for things like a tree branch falling on your vehicle, a broken windshield, falling objects, vandalism and hitting a deer. The highest amount you’ll receive from a claim is the cash value of the vehicle, so if it’s not worth much more than your deductible consider dropping full coverage.

Medical expense insurance – Personal Injury Protection (PIP) and medical payments coverage pay for immediate expenses like chiropractic care, surgery, nursing services and hospital visits. They can be utilized in addition to your health insurance policy or if there is no health insurance coverage. They cover not only the driver but also the vehicle occupants and will also cover being hit by a car walking across the street. Personal Injury Protection is not universally available and may carry a deductible

Collision coverages – This covers damage to your Silverado 1500 resulting from colliding with an object or car. A deductible applies then the remaining damage will be paid by your insurance company.

Collision insurance covers claims such as sustaining damage from a pot hole, driving through your garage door and crashing into a ditch. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. You can also increase the deductible in order to get cheaper collision rates.

Save your hard earned cash

When you buy insurance online, do not reduce coverage to reduce premium. There are many occasions where consumers will sacrifice comprehensive coverage or liability limits only to regret that saving that couple of dollars actually costed them tens of thousands. Your aim should be to get the best coverage possible at an affordable rate, not the least amount of coverage.

Cheap 2001 Chevy Silverado 1500 insurance can be sourced on the web as well as from independent agents, so you should compare both in order to have the best chance of saving money. Some companies don’t offer online quoting and usually these regional insurance providers provide coverage only through local independent agents.

You just learned a lot of tips how to get a better price on insurance. It’s most important to understand that the more rate quotes you have, the higher your chance of finding lower rates. You may even discover the best prices are with some of the lesser-known companies. Some small companies may cover specific market segments cheaper as compared to the big name companies such as Allstate and Progressive.

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Rates by U.S. City

2001 Chevrolet Silverado Insurance Rates by City
CityPremium
New York City, NY$1,926
Los Angeles, CA$1,662
Philadelphia, PA$1,554
Jacksonville, FL$1,543
Phoenix, AZ$1,383
Chicago, IL$1,318
Houston, TX$1,232
Seattle, WA$1,099
Columbus, OH$842
Indianapolis, IN$798

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Rates by Driver Age

2001 Chevrolet Silverado Insurance Rates by Driver Age
Driver AgePremium
16$4,052
20$2,256
30$998
40$986
50$906
60$888

Full coverage, $500 deductibles

Rates by Deductible

2001 Chevrolet Silverado Insurance Rates with Different Deductibles
DeductiblePremium
$100$1,126
$250$1,062
$500$986
$1,000$912

Full coverage, driver age 40

Rates by Liability Limit

Chevrolet Silverado Insurance Rates with Different Liability Limits
Liability LimitPremium
30/60$986
50/100$1,085
100/300$1,208
250/500$1,529
100 CSL$1,134
300 CSL$1,406
500 CSL$1,604

Full coverage, driver age 40

Rates for High Risk Drivers

2001 Chevrolet Silverado Insurance Rates for High Risk Drivers
AgePremium
16$5,688
20$3,594
30$2,130
40$2,120
50$2,030
60$2,004

Full coverage, $500 deductibles, two speeding tickets, and one at-fault accident

If a financial responsibility filing is required, the additional charge below may also apply.

SR-22 Surcharge $131

Potential Rate Discounts

If you qualify for discounts, you may save the amounts shown below.

DiscountSavings
Multi-policy$49
Multi-vehicle$53
Homeowner$18
5-yr Accident Free$57
5-yr Claim Free$61
Paid in Full/EFT$33
Advance Quote$42
Online Quote$65
Total Discounts$378
Rate after discounts $608

Discounts are estimated and may not be available from every company or in every state.

2001 Chevrolet Silverado Insurance Rates by State
StatePremium
Alabama$948
Alaska$810
Arizona$988
Arkansas$1,000
California$1,108
Colorado$1,026
Connecticut$1,294
Delaware$1,204
Florida$1,330
Georgia$978
Hawaii$1,064
Idaho$686
Illinois$732
Indiana$706
Iowa$740
Kansas$906
Kentucky$1,280
Louisiana$1,600
Maine$674
Maryland$1,016
Massachusetts$872
Michigan$1,816
Minnesota$866
Mississippi$966
Missouri$842
Montana$894
Nebraska$810
Nevada$1,274
New Hampshire$806
New Jersey$984
New Mexico$916
New York$1,284
North Carolina$698
North Dakota$960
Ohio$696
Oklahoma$1,198
Oregon$922
Pennsylvania$1,110
Rhode Island$1,198
South Carolina$918
South Dakota$772
Tennessee$888
Texas$948
Utah$876
Vermont$702
Virginia$712
Washington$872
West Virginia$1,004
Wisconsin$1,008
Wyoming$1,092

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