2005 Chevrolet Silverado Insurance Rates
Average insurance rates for a 2005 Chevrolet Silverado are $1,098 a year including full coverage. Comprehensive insurance costs on average $172, collision insurance costs $244, and liability insurance costs $512. Buying a liability-only policy costs as little as $564 a year, and high-risk insurance costs $2,372 or more. Teenage drivers receive the highest rates at up to $4,442 a year.
Annual premium for full coverage: $1,098
Rate estimates for 2005 Chevrolet Silverado Insurance
Rate data is compiled from all 50 U.S. states and averaged for all 2005 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 range from as low as $564 for only liability insurance to the much higher price of $2,372 for high-risk insurance.
These differences highlight why everyone should compare rates based on a specific location and risk profile, rather than relying on average rates.
Use the form below to get rates for your location.
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Recommended Companies for Cheap 2005 Chevrolet Silverado Insurance
Looking for better insurance coverage rates for your Chevrolet Silverado 1500? Scraping up a payment for overpriced Chevrolet Silverado 1500 insurance can drain your bank account and make it hard to pay other bills. Comparing price quotes is free, only takes a few minutes, and is a good way to cut your insurance bill.
Because you have many choices of insurance companies, it’s nearly impossible to pick the lowest cost insurer.
Compare Quotes for Car Insurance
There are a lot of ways you can shop for car insurance and some are more efficient than others. You can spend countless hours discussing policy coverages with local insurance agents in your area, or you could save time and use the web to get prices fast.
The majority of car insurance companies belong to a marketplace that enables customers to submit their information once, and every company returns a competitive quote for coverage. This eliminates the need for repetitive form submissions for each company.
Recommended Companies for the Best Insurance Rates
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The only downside to doing it this way is that you can’t choose which insurance companies you want pricing from. If you prefer to choose from a list of companies to request quotes from, we have a listing of low cost car insurance companies in your area. View list of insurance companies.
It doesn’t matter which method you choose, just ensure you are comparing exactly the same coverage information with each company. If each company quotes different deductibles it will be impossible to determine the best price for your Chevy Silverado 1500. Just a small difference in coverage limits may result in a large different in cost. And when comparison shopping, comparing a large number of companies will increase your chances of finding the best offered rates.
There’s no such thing as the perfect policy
When buying coverage for your personal vehicles, there really is not a perfect coverage plan. Every situation is different so this has to be addressed. For example, these questions might help in determining whether or not you would benefit from an agent’s advice.
- Is my state a no-fault state?
- Who is covered by my policy?
- Am I covered if I hit my neighbor’s mailbox?
- Do I benefit by insuring my home with the same company?
- Does my medical payments coverage pay my health insurance deductible?
- Do I need an umbrella policy?
If it’s difficult to answer those questions but you know they apply to you then you might want to talk to an insurance agent. To find lower rates from a local agent, simply complete this short form or go to this page to view a list of companies.
Having a good grasp of insurance can be of help when determining the best coverages and proper limits and deductibles. The terms used in a policy can be impossible to understand and even agents have difficulty translating policy wording. Listed below are typical coverage types offered by insurance companies.
Med pay and Personal Injury Protection (PIP) – Coverage for medical payments and/or PIP provide coverage for expenses for things like hospital visits, pain medications, prosthetic devices and surgery. They can be used to cover expenses not covered by your health insurance policy or if you are not covered by health insurance. Medical payments and PIP cover not only the driver but also the vehicle occupants in addition to getting struck while a pedestrian. PIP is not an option in every state and may carry a deductible
Comprehensive insurance – This coverage pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive coverage pays for things like fire damage, vandalism, damage from flooding, damage from getting keyed and theft. The maximum amount your insurance company will pay is the market value of your vehicle, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.
Liability auto insurance – This coverage provides protection from damage or injury you incur to other’s property or people that is your fault. It protects you from legal claims by others. Liability doesn’t cover your own vehicle damage or injuries.
Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see values of 25/50/25 that translate to a limit of $25,000 per injured person, a limit of $50,000 in injury protection per accident, and $25,000 of coverage for damaged property.
Liability insurance covers claims like structural damage, court costs and attorney fees. The amount of liability coverage you purchase is a personal decision, but buy as large an amount as possible.
Uninsured/Underinsured Motorist (UM/UIM) – This gives you protection from other motorists when they are uninsured or don’t have enough coverage. It can pay for injuries to you and your family and damage to your Chevy Silverado 1500.
Since many drivers only purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea.
Collision coverages – Collision insurance pays for damage to your Silverado 1500 from colliding with another car or object. You will need to pay your deductible and then insurance will cover the remainder.
Collision coverage protects against claims such as rolling your car, crashing into a ditch and colliding with another moving vehicle. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from lower value vehicles. Drivers also have the option to bump up the deductible in order to get cheaper collision rates.
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Rates by U.S. City
|New York City, NY||$2,151|
|Los Angeles, CA||$1,854|
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Rates by Driver Age
Full coverage, $500 deductibles
Rates by Deductible
Full coverage, driver age 40
Rates by Liability Limit
Full coverage, driver age 40
Rates for High Risk Drivers
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.
Potential Rate Discounts
If you qualify for discounts, you may save the amounts shown below.
|5-yr Accident Free||$68|
|5-yr Claim Free||$69|
|Paid in Full/EFT||$40|
Discounts are estimated and may not be available from every company or in every state.