2019 Chevrolet Silverado Insurance Rates
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UPDATED: Apr 9, 2020
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Average insurance rates for a 2019 Chevrolet Silverado are $1,460 a year with full coverage. Comprehensive costs on average $294 a year, collision insurance costs $536, and liability costs $450. Buying a liability-only policy costs as little as $518 a year, and high-risk insurance costs around $3,158. Teenage drivers receive the highest rates at up to $5,518 a year.
Annual premium for full coverage: $1,460
Rate estimates for 2019 Chevrolet Silverado Insurance
Rate data is compiled from all 50 U.S. states and averaged for all 2019 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 the average driver, prices range range from as low as $518 for a discount liability-only rate to a high of $3,158 for a driver that may need high-risk insurance.
These differences demonstrate why it is important for drivers to compare rates based on a specific location and risk profile, instead of making a decision based on 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 2019 Chevrolet Silverado Insurance
Finding more affordable prices for insurance coverage might be very difficult for drivers who have little experience online rate comparisons. Drivers have so many agents and companies to choose from that it can quickly become more work than you anticipated to find a cheaper company.
Consumers need to check insurance coverage prices quite often because insurance rates change frequently. Despite the fact that you may have had the best rate for Silverado insurance at your last renewal a different company probably has better prices today. Forget all the misinformation about insurance coverage because you’re about to find out the quickest way to properly buy coverages while reducing your premium.
Affordable insurance coverage quotes with discounts
Car insurance is not cheap, but there are discounts available that you may not know about. Many of these discounts will be applied automatically at the time of purchase, but a few need to be inquired about in order for you to get them.
- Passive Restraint Discount – Vehicles equipped with air bags and/or automatic seat belt systems could see savings of 25 to 30%.
- One Accident Forgiven – This one is not really a discount per se, but a few companies such as Liberty Mutual, Allstate and State Farm will allow you to have one accident without the usual rate increase if you have no claims before the accident.
- Switch and Save Discount – A few insurance companies give discounts for switching policies before your current policy expires. You may see this discount when you get auto insurance quotes online.
- Life Insurance Discount – Insurance carriers who offer life insurance give a discount if you purchase a life policy as well.
- Full Payment Discount – If you pay your entire premium ahead of time instead of monthly or quarterly installments you could save up to 5%.
One thing to note about discounts is that most of the big mark downs will not be given to the entire cost. Some only reduce individual premiums such as comprehensive or collision. Despite the appearance that all the discounts add up to a free policy, insurance coverage companies aren’t that generous. But all discounts should help lower your policy cost.
If you would like to view insurers who offer online insurance coverage quotes, enter your zip code here.
Tailor your insurance coverage coverage to you
When choosing adequate coverage, there really is no best way to insure your cars. Every situation is different.
Here are some questions about coverages that can aid in determining whether you could use an agent’s help.
- What is the minimum liability in my state?
- I have a DUI can I still get coverage?
- Am I covered when renting a car or should I buy coverage from the car rental agency?
- Why am I required to get a high-risk car insurance policy?
- Can my teen drive my company car?
- Is pleasure use cheaper than using my 2019 Chevy Silverado 1500 to commute?
If you can’t answer these questions, you might consider talking to an insurance agent. If you don’t have a local agent, simply complete your zip code.
Auto insurance coverage specifics
Knowing the specifics of your policy can be of help when determining appropriate coverage at the best deductibles and correct limits. The terms used in a policy can be difficult to understand and even agents have difficulty translating policy wording.
Coverage for liability
Liability coverage protects you from injuries or damage you cause to other people or property in an accident. Liability coverage has three 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 translate to $25,000 in coverage for each person’s injuries, a total of $50,000 of bodily injury coverage per accident, and a limit of $25,000 paid for damaged property. Occasionally you may see one number which is a combined single limit which provides one coverage limit with no separate limits for injury or property damage.
Liability can pay for things such as structural damage, court costs, funeral expenses, emergency aid and repair costs for stationary objects. How much coverage you buy is a personal decision, but it’s cheap coverage so purchase as much as you can afford.
Medical payments and PIP coverage
Medical payments and Personal Injury Protection insurance provide coverage for immediate expenses such as nursing services, funeral costs, ambulance fees, hospital visits and surgery. They are used in conjunction with a health insurance policy or if you are not covered by health insurance. They cover both the driver and occupants in addition to any family member struck as a pedestrian. PIP is not available in all states and gives slightly broader coverage than med pay
Comprehensive auto coverage
This coverage covers damage OTHER than collision with another vehicle or object. You need to pay your deductible first and then insurance will cover the rest of the damage.
Comprehensive insurance covers claims like fire damage, hail damage, vandalism, damage from flooding and a broken windshield. The maximum payout you can receive from a comprehensive claim is the market value of your vehicle, so if the vehicle is not worth much consider removing comprehensive coverage.
This covers damage to your Silverado 1500 caused by collision with an object or car. A deductible applies and the rest of the damage will be paid by collision coverage.
Collision coverage pays for claims like scraping a guard rail, sideswiping another vehicle, backing into a parked car and crashing into a ditch. Paying for collision coverage can be pricey, so consider removing coverage from vehicles that are 8 years or older. Drivers also have the option to increase the deductible in order to get cheaper collision rates.
UM/UIM (Uninsured/Underinsured Motorist) coverage
Uninsured or Underinsured Motorist coverage gives you protection when the “other guys” either have no liability insurance or not enough. Covered losses include hospital bills for your injuries and also any damage incurred to your 2019 Chevy Silverado 1500.
Because many people only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is a good idea. Usually your uninsured/underinsured motorist coverages do not exceed the liability coverage limits.
Pennies from heaven
Cheaper insurance can be purchased on the web as well as from insurance agents, and you should compare rates from both so you have a total pricing picture. There are still a few companies who may not have the ability to get quotes online and these small, regional companies work with independent agents.
We just presented some good ideas how you can save on 2019 Chevy Silverado 1500 insurance. The key concept to understand is the more companies you get rates for, the better likelihood of getting inexpensive auto insurance. You may even find the biggest savings come from a company that doesn’t do a lot of advertising.
People who switch companies do it for any number of reasons including delays in paying claims, not issuing a premium refund, being labeled a high risk driver and high rates after DUI convictions. No matter why you want to switch, choosing a new company can be less work than you think.
Additional detailed information can be read in the articles below:
Rates by U.S. City
|New York City, NY||$2,307|
|Los Angeles, CA||$2,499|
Need a specific model?
Choose your model and trim below
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||$106|
|5-yr Claim Free||$94|
|Paid in Full/EFT||$65|
Discounts are estimated and may not be available from every company or in every state.