Cheap Insurance Quotes for a Chevrolet Silverado in Maine
Enter your Maine zip code below to view companies that have cheap auto insurance rates.
UPDATED: Nov 13, 2019
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Our editors keep telling us that when writing about auto insurance, the words cheap or affordable should not be used anywhere in the article. Despite the oxymoron, cheap auto insurance for a Chevy Silverado is not always easy to find. But don’t despair, because we are going to tell you how you can still get car insurance that won’t break the bank.
The likelihood of finding the best cheap car insurance for a Chevy Silverado in Maine depends on a lot of rating criteria such as the safety rating for your Silverado, the performance level of your vehicle, and your choice of deductibles. Drivers in Maine will pay around $740 each year to insure a Chevrolet Silverado, but that cost is an estimation using cost data for a 50-year-old single male who purchased both comprehensive and collision coverage and $250 deductibles.
There’s a high likelihood you’re not a 50-year-old male, possibly married instead of single, or maybe you live in a different area as the quoted rates. Having even a minor difference in policy rating factors can create big changes in the coverage rate.
Every driver has different characteristics, so the most reliable way to find cheap car insurance rates for your Chevrolet is to do your own rate comparisons. Quotes are always free and you can get prices from the cheapest companies that sell coverage in Maine.
The specific trim level tends to have a direct impact on the coverage cost, so the cost to insure a Silverado LS Regular Cab 2WD will be $156 cheaper than the cost to insure the more expensive Silverado Crew Cab Hybrid 4WD trim level, as shown in the prices below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Silverado LS Regular Cab 2WD||$118||$224||$260||$16||$78||$696||$58|
|Silverado LS Regular Cab 4WD||$118||$224||$230||$14||$68||$654||$55|
|Silverado LT Regular Cab 2WD||$136||$274||$260||$16||$78||$764||$64|
|Silverado LT Regular Cab||$136||$274||$260||$16||$78||$764||$64|
|Silverado LS Extended Cab 4WD||$136||$274||$230||$14||$68||$722||$60|
|Silverado LT Extended Cab 4WD||$136||$274||$230||$14||$68||$722||$60|
|Silverado LT Extended Cab 2WD||$136||$274||$260||$16||$78||$764||$64|
|Silverado LS Extended Cab 2WD||$136||$274||$260||$16||$78||$764||$64|
|Silverado LT Crew Cab 4WD||$152||$322||$230||$14||$68||$786||$66|
|Silverado LS Crew Cab 2WD||$152||$322||$260||$16||$78||$828||$69|
|Silverado LS Crew Cab 4WD||$152||$322||$230||$14||$68||$786||$66|
|Silverado LT Crew Cab 2WD||$152||$322||$260||$16||$78||$828||$69|
|Silverado LTZ Extended Cab 2WD||$152||$322||$260||$16||$78||$828||$69|
|Silverado LTZ Extended Cab 4WD||$152||$322||$230||$14||$68||$786||$66|
|Silverado LTZ Crew Cab 2WD||$152||$322||$260||$16||$78||$828||$69|
|Silverado LTZ Crew Cab 4WD||$152||$322||$230||$14||$68||$786||$66|
|Silverado Crew Cab Hybrid 2WD||$152||$370||$230||$14||$68||$834||$70|
|Silverado Crew Cab Hybrid 4WD||$170||$370||$230||$14||$68||$852||$71|
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Cost estimates assume single male driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Maine minimum liability limits. Discounts applied include homeowner, safe-driver, multi-vehicle, multi-policy, and claim-free. Rate information does not factor in specific garaging location which can affect coverage rates greatly.
Finding out which company quotes the best auto insurance rates for a Chevy Silverado will take a little more sweat in order to find coverage that fits your budget. Every car insurance company has a different formula to determine premium rates, so let’s look at the rankings for the overall cheapest auto insurance companies in Maine.
It’s a good idea to know that Maine auto insurance rates are impacted by many factors that may substantially change the policy price. Improving your credit score, marrying your spouse, or having an accident may generate price changes resulting in some rates now being cheaper in comparison to the competition.
|Rank||Company||Cost Per Year|
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Travelers has some of the most affordable car insurance rates in Maine at around $612 annually. USAA, Patriot, Countryway Insurance, and Vermont Mutual would also make the list of some of the lowest-priced Maine car insurance companies.
As illustrated above, if you currently have coverage with USAA and switched to Travelers, you could realize an annual savings of in the vicinity of $10. Insureds with Patriot could save as much as $105 a year, and Countryway Insurance customers might lower prices by $108 a year.
If you want to see how much you could save, click here to start your custom quote or visit any of the low-priced companies below.
Enter your zip code below to view companies that have cheap auto insurance rates.
It’s important to note that these premium estimates are averaged for all drivers and vehicles and and are not figured with a specific rate factor for a Chevy Silverado. So the company that fits your needs best may not even be featured in the chart above. That helps illustrate why you need to get rate quotes using your own personalized driver profile and vehicle information.
Auto insurance rates are higher with tickets and accidents
The easiest method to maintain cheap auto insurance rates for a Silverado pickup is to be a cautious driver and avoid accidents and traffic violations. The diagram below shows how traffic citations and at-fault fender-benders impact auto insurance rates for different insured age categories. The costs are based on a married male driver, full physical damage coverage, $500 deductibles, and no additional discounts are factored in.
The data charted above shows the average cost of a car insurance policy in Maine per year with no violations or accidents is $1,057. Add in two speeding tickets and the average cost swells to $1,456, an increase of $399 each year. Now get one accident along with the two speeding tickets and the 12-month cost of auto insurance for a Chevy Silverado jumps again to an average of $1,857. That’s an increase of $800, or $67 per month, just for not paying attention while driving!
Does it make sense to buy full coverage?
Finding cheap insurance for a Chevy Silverado in Maine is the goal of the majority of people, and one easy way to pay lower rates for insurance is to not pay for full coverage. The example below compares car insurance rates with full physical damage coverage compared to only buying liability only. The data assumes no accidents, no driving violations, $500 deductibles, single marital status, and no discounts are taken into consideration.
On average, physical damage coverage costs an extra $1,313 per year over and above liability coverage. Many of you may wonder if buying full coverage is worth the expense. There is no definitive rule to eliminate physical damage coverage on your policy, but there is a general convention. If the annual cost of your full coverage insurance is more than 10% of any settlement you would receive from your insurance company, then you may want to consider only buying liability coverage.
For example, let’s pretend your vehicle’s replacement cost is $9,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled, the most you would receive is $8,000 after paying your deductible. If premiums are more than $800 annually for physical damage coverage, then you may want to consider only buying liability coverage.
Which car insurance company is best?
If you want the best insurance for a Silverado pickup in Maine, the companies that insure more vehicles than anyone else are Geico, State Farm, Progressive, and Allstate. The following table compares some of the ratings and options offered by each company.
|Handling of Claims||3rd||2nd||4th||1st|
|Number of Discounts||2nd||3rd||4th||1st|
|U.S. market share||11.4%||18.3%||8.8%||10%|
|Percent of customers who recommend||87%||88%||88%||86%|
|A.M. Best rating||A++||A++||A+||A+|
|S&P financial rating||AA+||AA||AA||AA-|
|New car replacement insurance||No||No||No||Yes|
|Emergency roadside assistance||Yes||Yes||Yes||Yes|
|Available in Maine||Yes||Yes||Yes||Yes|
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