1. Vehicles
  2. Chevrolet
  3. Silverado 1500
  4. 2002 Model Year

2002 Chevrolet Silverado Insurance Rates

Enter your zip code below to view companies that have cheap auto insurance rates.

Jeffrey Johnson graduated summa cum laude from the University of Baltimore School of Law and has worked in legal offices and nonprofits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman University and worked in film, education, and publishing. His professional writing has appeared on sites like The Manifest and Vice, and he is the author of a novel ...

Full Bio →

Written by

UPDATED: Mar 22, 2020

Advertiser Disclosure

It’s all about you. We want to help you make the right coverage choices.

Advertiser Disclosure: We strive to help you make confident car insurance decisions. Comparison shopping should be easy. We are not affiliated with any one car insurance provider and cannot guarantee quotes from any single provider.

Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.

Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.

Average insurance rates for a 2002 Chevrolet Silverado are $992 a year including full coverage. Comprehensive insurance costs around $138 each year, collision costs $170, and liability costs $504. Buying a liability-only policy costs as little as $564 a year, with high-risk insurance costing $2,128 or more. Teenage drivers receive the highest rates at $4,106 a year or more.

Annual premium for full coverage: $992

Rate estimates for 2002 Chevrolet Silverado Insurance

Comprehensive $138
Collision $170
Liability $504

Rate data is compiled from all 50 U.S. states and averaged for all 2002 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 40-year-old driver, prices range go from as low as $564 for the bare minimum liability coverage to a high rate of $2,128 for high-risk insurance.

Liability Only $564
Full Coverage $992
High Risk $2,128

View Chart as Image

2002 Chevrolet Silverado insurance rates compared
Column chart showing 2002 Chevrolet Silverado insurance prices range from $614 to $4,106 for full coverage

These differences highlight why all drivers should compare rates for a specific zip code and risk profile, instead of using average rates.

Use the form below to get rates for your location.

Enter your zip code below to view companies based on your location that have cheap auto insurance rates.

Recommended Companies for Cheap 2002 Chevrolet Silverado Insurance

Searching Companies

Looking for the cheapest insurance coverage rates for your Chevrolet Silverado 1500? Finding the cheapest insurance for a new or used Chevy Silverado 1500 can be a painful process, but you can use a few tricks to make it easier.

There is a better way to buy insurance coverage and we’ll show you the best way to price shop coverage for a new or used Chevy and locate the best price possible from local insurance agents and online providers.

You should make it a habit to take a look at other company’s rates periodically due to the fact that insurance rates tend to go up over time. Even if you got the lowest rates for Silverado coverage last year you can probably find a lower rate today. Ignore everything you know about insurance coverage because you’re about to learn the tricks you need to know to find the best coverage while lowering your premiums.

If you have insurance now or need new coverage, you can follow these tips to get lower rates and still get good coverage. Locating the best insurance is quite easy. Drivers just need to learn the most effective way to shop for insurance online.

Compare the Market for Car Insurance

Reducing your 2002 Chevy Silverado 1500 insurance rates is a fairly straight forward process. Just take a couple of minutes comparing price quotes provided by online insurance companies. This can be accomplished in several different ways.

  1. The recommended way consumers can make multiple comparisons would be an industry-wide quote request form like this one (opens in new window). This type of form keeps you from doing separate forms to each individual car insurance company. One form will return quotes instantly. It’s the fastest way to compare.
  2. A slightly less efficient method to shop for car insurance online consists of going to the website for every company you want to comare and fill out their own quote form. For instance, we’ll pretend you want rates from State Farm, Safeco and Farmers. You would have to take the time to go to each site and enter your policy data, which is why the first method is more popular. For a handy list of car insurance company links in your area, click here.
  3. The hardest method to get comparison rates is to waste gas driving to different agent offices. The ability to buy insurance online has reduced the need for local agents unless you require the personal advice only provided by licensed agents. Drivers can comparison shop online and get advice from an agent in your area and you’ll learn how to do that later.

Whichever method you choose, make absolute certain that you use identical information on every quote. If the quotes have different values for each quote then you won’t be able to determine the lowest rate for your Chevy Silverado 1500.

Free Auto Insurance Comparison

Enter your zip code below to view companies that have cheap auto insurance rates.

 Secured with SHA-256 Encryption

Which policy gives me the best coverage?

When it comes to buying coverage, there really is not a single plan that fits everyone. Coverage needs to be tailored to your specific needs.

For instance, these questions may help you determine if your insurance needs might need an agent’s assistance.

  • Is my business laptop covered if it gets stolen from my vehicle?
  • When would I need additional glass coverage?
  • Why am I required to get a high-risk car insurance policy?
  • I have health insurance so do I need medical payments coverage?
  • Am I covered if hit by an uninsured driver?
  • Should I bundle my homeowners policy with my auto?
  • How can I get my company to pay me more for my totalled car?
  • Is my custom paint covered by insurance?
  • Who is covered by my policy?

If you don’t know the answers to these questions, you may need to chat with a licensed insurance agent. To find an agent in your area, take a second and complete this form. It’s fast, doesn’t cost anything and can provide invaluable advice.

Specific coverage details

Knowing the specifics of your policy can help you determine the right coverages and proper limits and deductibles. Insurance terms can be difficult to understand and even agents have difficulty translating policy wording.

Medical payments and PIP coverage

Medical payments and Personal Injury Protection insurance reimburse you for short-term medical expenses like pain medications, chiropractic care, nursing services and ambulance fees. They can be used to fill the gap from your health insurance policy or if you lack health insurance entirely. They cover you and your occupants in addition to any family member struck as a pedestrian. Personal injury protection coverage is not available in all states and may carry a deductible

Liability coverage

Liability coverage protects you from damage that occurs to other people or property that is your fault. Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see policy limits of 25/50/25 that means you have a limit of $25,000 per injured person, $50,000 for the entire accident, and a limit of $25,000 paid for damaged property. Alternatively, you may have one limit called combined single limit (CSL) which provides one coverage limit without having the split limit caps.

Liability coverage protects against things like repair costs for stationary objects, loss of income and structural damage. The amount of liability coverage you purchase is your choice, but consider buying as large an amount as possible.

Collision coverage protection

Collision insurance covers damage to your Silverado 1500 resulting from a collision with an object or car. You first must pay a deductible and then insurance will cover the remainder.

Collision can pay for things such as driving through your garage door, colliding with a tree and hitting a mailbox. This coverage can be expensive, so analyze the benefit of dropping coverage from vehicles that are older. It’s also possible to choose a higher deductible in order to get cheaper collision rates.

UM/UIM (Uninsured/Underinsured Motorist) coverage

This protects you and your vehicle’s occupants from other drivers when they are uninsured or don’t have enough coverage. It can pay for hospital bills for your injuries and damage to your 2002 Chevy Silverado 1500.

Since many drivers only carry the minimum required liability limits, their limits can quickly be used up. This is the reason having UM/UIM coverage is very important. Frequently the UM/UIM limits are similar to your liability insurance amounts.

Comprehensive auto coverage

Comprehensive insurance will pay to fix damage OTHER than collision with another vehicle or object. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive coverage pays for claims such as damage from flooding, a tree branch falling on your vehicle and damage from a tornado or hurricane. The most you’ll receive from a claim is the actual cash value, so if the vehicle is not worth much consider removing comprehensive coverage.

Use our FREE quote tool to compare rates now!

Rates by U.S. City

2002 Chevrolet Silverado Insurance Rates by City
City Premium
New York City, NY $1,569
Los Angeles, CA $1,695
Philadelphia, PA $1,322
Jacksonville, FL $1,438
Phoenix, AZ $1,154
Chicago, IL $1,325
Houston, TX $1,552
Seattle, WA $965
Columbus, OH $828
Indianapolis, IN $845

Need a specific model?

Choose your model and trim below

Rates by Driver Age

2002 Chevrolet Silverado Insurance Rates by Driver Age
Driver Age Premium
16 $4,106
20 $2,272
30 $998
40 $992
50 $914
60 $894

Full coverage, $500 deductibles

Rates by Deductible

2002 Chevrolet Silverado Insurance Rates with Different Deductibles
Deductible Premium
$100 $1,124
$250 $1,064
$500 $992
$1,000 $920

Full coverage, driver age 40

Rates by Liability Limit

Chevrolet Silverado Insurance Rates with Different Liability Limits
Liability Limit Premium
30/60 $992
50/100 $1,093
100/300 $1,219
250/500 $1,546
100 CSL $1,143
300 CSL $1,420
500 CSL $1,622

Full coverage, driver age 40

Rates for High Risk Drivers

2002 Chevrolet Silverado Insurance Rates for High Risk Drivers
Age Premium
16 $5,758
20 $3,616
30 $2,138
40 $2,128
50 $2,038
60 $2,018

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.

Discount Savings
Multi-policy $49
Multi-vehicle $54
Homeowner $18
5-yr Accident Free $56
5-yr Claim Free $61
Paid in Full/EFT $33
Advance Quote $42
Online Quote $65
Total Discounts $378
Rate after discounts $614

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

Find companies with the cheapest rates in your area

2002 Chevrolet Silverado Insurance Rates by State
State Premium
Alabama $896
Alaska $762
Arizona $824
Arkansas $992
California $1,130
Colorado $944
Connecticut $1,016
Delaware $1,124
Florida $1,240
Georgia $916
Hawaii $710
Idaho $672
Illinois $736
Indiana $748
Iowa $668
Kansas $942
Kentucky $1,352
Louisiana $1,470
Maine $612
Maryland $818
Massachusetts $792
Michigan $1,720
Minnesota $828
Mississippi $1,188
Missouri $880
Montana $1,064
Nebraska $782
Nevada $1,190
New Hampshire $714
New Jersey $1,110
New Mexico $878
New York $1,046
North Carolina $570
North Dakota $814
Ohio $684
Oklahoma $1,016
Oregon $908
Pennsylvania $944
Rhode Island $1,322
South Carolina $900
South Dakota $838
Tennessee $866
Texas $1,194
Utah $734
Vermont $680
Virginia $592
Washington $766
West Virginia $908
Wisconsin $686
Wyoming $884

Free Auto Insurance Comparison

Enter your zip code below to view companies that have cheap auto insurance rates.

 Secured with SHA-256 Encryption

You May Also Enjoy These Articles