Cheapest Insurance for a Chevrolet Silverado in Kentucky

The odds of finding affordable car insurance for a Chevy Silverado in Kentucky is contingent on lots of different rating factors such as how far you commute, whether or not you garage your vehicle, and if you had any at-fault accidents in the last few years. Drivers pay an average of $880 per year to buy Chevrolet Silverado insurance, but that figure is a projection based on rates for a 30-year-old married male that wants both comprehensive and collision coverage and $1,000 physical damage deductibles.

The issue with using an average estimated rate is the likelihood you are not 30 years old and maybe not even male, you might be single instead of married, or maybe you are just looking for cheap liability insurance. Car insurance coverage is unique to each driver, so this is why the way we recommend to find the cheapest insurance price for your Chevrolet is to shop your policy around at every renewal.

The trim level of your vehicle will be a contributing factor to the cost of insurance, so the cost to insure a Silverado LS Regular Cab 2WD model will be $146 lower than the price to insure the more well-appointed Silverado Crew Cab Hybrid 4WD model, as shown below.

Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Kentucky minimum liability limits. Discounts applied include multi-vehicle, claim-free, safe-driver, homeowner, and multi-policy. Price estimates do not factor in vehicle garaging location which can increase or decrease coverage prices substantially.

Shopping around for affordable car insurance is confusing at best, and determining which company offers the best insurance rates for a Chevy Silverado takes even more rate comparisons.

Each auto insurance company has their own formula for setting rates, so we need to take a look at the insurance companies with the overall best prices in Kentucky. It’s important that readers know that Kentucky insurance rates are determined by lots of factors which can substantially change the price of your policy. Simply improving your credit score, having a teen driver, or getting a speeding ticket can trigger changes in premium resulting in some rates now being much higher than others.

Cincinnati Insurance has some of the best car insurance rates in Kentucky at around $1,115 a year. Kentucky Farm Bureau, USAA, Auto-Owners, and Grange Mutual also make the cut as some of the more affordable Kentucky insurance companies.

As shown in the rates above, if you currently buy coverage from Kentucky Farm Bureau and switched to Cincinnati Insurance, you could earn annual savings of in the vicinity of $13. Kentucky drivers with USAA could save as much as $108 a year, and Auto-Owners customers might see rate reductions of $256 a year.

These estimates are averages across all types of insureds and vehicles and and are not figured with a specific rating modification for a Chevy Silverado. So the insurer that fits your situation best may not even be included in the rate chart shown above. That underscores the importance of why you need to compare prices as often as possible using your own specific driver and vehicle information.

Safe drivers pay less for insurance

A great way to score the cheapest insurance for a Chevy Silverado in Kentucky is to drive safe and not receive tickets or have accidents. The diagram below illustrates how violations and accidents can impact insurance prices for different ages of insureds. The data is based on a married female driver, comp and collision included, $500 deductibles, and no additional discounts are factored in.

The data above shows the average cost of a car insurance policy in Kentucky per year with no violations or accidents is $1,376. Add in two speeding tickets and the average cost hikes up to $1,944, an increase of $568 each year. Now add in one accident along with the two speeding tickets and the 12-month cost of insurance for a Chevy Silverado jumps again to an average of $2,520. That’s an increase of $1,144, or $95 per month, just for a couple of infractions!

Allstate, Geico, State Farm, or Progressive: Which is best?

If you want the best insurance for a Silverado pickup, the top insurers to get price quotes from are Allstate, Geico, State Farm, and Progressive. If you combine them together, they insure over 45% of all auto insurance policies in force. They all have the same basic coverages, but each one has slightly different options that policyholders can choose from. The following table breaks down some of the different options and features that are available.