Chevrolet Silverado Insurance Rates
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UPDATED: Apr 29, 2024
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U.S. average insurance rates for a Chevrolet Silverado are $1,442 a year for full coverage. Comprehensive costs an estimated $274, collision insurance costs $502, and liability costs $486. Buying just liability costs as little as $548 a year, and insurance for high-risk drivers costs around $3,122. Teens pay the highest rates at up to $5,516 a year.
Average premium for full coverage: $1,442
Price estimates broken down by individual coverage:
Price estimates include $500 deductibles, bodily injury liability limits of 30/60, and includes medical and uninsured motorist coverage. Estimates are averaged for all states and for different Silverado trim levels.
Price Range from Low to High
For an average driver, Chevrolet Silverado insurance prices range from as low as $548 for just liability coverage to a much higher rate of $3,122 for a driver who has had serious violations or accidents.
Geographic Price Range
Your location can make a big difference on insurance rates. More rural locations have a lower frequency of accident claims than cities with more traffic congestion. The price range example below illustrates the effect of geographic area on insurance prices.
The ranges above show why anyone shopping for car insurance should compare rates for a targeted area and risk profile, instead of making a decision based on averaged prices.
Use the form below to get customized rates for your location.
Enter your zip code below to view companies based on your location that have cheap auto insurance rates.
Detailed Rate Analysis
The chart below shows average Chevrolet Silverado insurance rates for other coverage scenarios.
- The cheapest rate after discounts is $837
- Drivers who choose higher $1,000 deductibles will pay approximately $176 a year
- The average rate for the average middle-age driver who has $500 deductibles is $1,442
- Selecting more expensive low deductibles for comprehensive and collision insurance will increase the cost to $1,784
- Drivers with serious driving violations could pay up to $3,122
- The price for full coverage for a 16-year-old driver with full coverage can cost as much as $5,516 a year
Insurance prices for a Chevrolet Silverado are also quite variable based on your driving record, the trim level of your Silverado, and liability limits and deductibles.
An older driver with no violations or accidents and high deductibles may pay as low as $1,300 per year on average for full coverage. Prices are much higher for teenage drivers, where even good drivers should be prepared to pay at least $5,500 a year. View Rates by Age
The state you live in makes a big difference in Chevrolet Silverado insurance prices. A 40-year-old driver could pay as low as $950 a year in states like Iowa, Maine, and Idaho, or have to pay at least $2,050 on average in New York, Louisiana, and Michigan.
| State | Premium | Compared to U.S. Avg | Percent Difference |
|---|---|---|---|
| Alabama | $1,302 | -$140 | -9.7% |
| Alaska | $1,104 | -$338 | -23.4% |
| Arizona | $1,196 | -$246 | -17.1% |
| Arkansas | $1,442 | -$0 | 0.0% |
| California | $1,640 | $198 | 13.7% |
| Colorado | $1,376 | -$66 | -4.6% |
| Connecticut | $1,480 | $38 | 2.6% |
| Delaware | $1,630 | $188 | 13.0% |
| Florida | $1,802 | $360 | 25.0% |
| Georgia | $1,332 | -$110 | -7.6% |
| Hawaii | $1,032 | -$410 | -28.4% |
| Idaho | $976 | -$466 | -32.3% |
| Illinois | $1,072 | -$370 | -25.7% |
| Indiana | $1,086 | -$356 | -24.7% |
| Iowa | $972 | -$470 | -32.6% |
| Kansas | $1,366 | -$76 | -5.3% |
| Kentucky | $1,964 | $522 | 36.2% |
| Louisiana | $2,132 | $690 | 47.9% |
| Maine | $892 | -$550 | -38.1% |
| Maryland | $1,188 | -$254 | -17.6% |
| Massachusetts | $1,150 | -$292 | -20.2% |
| Michigan | $2,500 | $1,058 | 73.4% |
| Minnesota | $1,206 | -$236 | -16.4% |
| Mississippi | $1,726 | $284 | 19.7% |
| Missouri | $1,278 | -$164 | -11.4% |
| Montana | $1,548 | $106 | 7.4% |
| Nebraska | $1,136 | -$306 | -21.2% |
| Nevada | $1,728 | $286 | 19.8% |
| New Hampshire | $1,040 | -$402 | -27.9% |
| New Jersey | $1,610 | $168 | 11.7% |
| New Mexico | $1,274 | -$168 | -11.7% |
| New York | $1,516 | $74 | 5.1% |
| North Carolina | $830 | -$612 | -42.4% |
| North Dakota | $1,180 | -$262 | -18.2% |
| Ohio | $994 | -$448 | -31.1% |
| Oklahoma | $1,478 | $36 | 2.5% |
| Oregon | $1,320 | -$122 | -8.5% |
| Pennsylvania | $1,372 | -$70 | -4.9% |
| Rhode Island | $1,922 | $480 | 33.3% |
| South Carolina | $1,306 | -$136 | -9.4% |
| South Dakota | $1,218 | -$224 | -15.5% |
| Tennessee | $1,260 | -$182 | -12.6% |
| Texas | $1,734 | $292 | 20.2% |
| Utah | $1,064 | -$378 | -26.2% |
| Vermont | $986 | -$456 | -31.6% |
| Virginia | $860 | -$582 | -40.4% |
| Washington | $1,112 | -$330 | -22.9% |
| West Virginia | $1,320 | -$122 | -8.5% |
| Wisconsin | $998 | -$444 | -30.8% |
| Wyoming | $1,282 | -$160 | -11.1% |
Choosing higher comprehensive and collision insurance deductibles could save up to $520 annually, while increasing your policy's liability limits will increase premiums. Going from a 50/100 limit to a 250/500 limit will increase prices by as much as $387 more each year. View Rates by Deductible or Liability Limit
If you have some driving violations or tend to cause accidents, you could be paying $1,700 to $2,400 additional each year, depending on your age. High-risk driver insurance can cost from 44% to 131% more than the average policy. View High Risk Driver Rates
Insurance Rates by Trim Level and Model Year
| Model and Trim | Annual Premium | Monthly Premium |
|---|---|---|
| LS Regular Cab 2WD | $1,244 | $104 |
| LS Regular Cab 4WD | $1,206 | $101 |
| LT Regular Cab 2WD | $1,362 | $114 |
| LT Regular Cab | $1,362 | $114 |
| LS Extended Cab 4WD | $1,312 | $109 |
| LT Extended Cab 4WD | $1,312 | $109 |
| LS Extended Cab 2WD | $1,402 | $117 |
| LT Extended Cab 2WD | $1,402 | $117 |
| LS Crew Cab 2WD | $1,442 | $120 |
| LT Crew Cab 2WD | $1,442 | $120 |
| LS Crew Cab 4WD | $1,364 | $114 |
| LT Crew Cab 4WD | $1,364 | $114 |
| LTZ Extended Cab 2WD | $1,482 | $124 |
| LTZ Extended Cab 4WD | $1,404 | $117 |
| LTZ Crew Cab 2WD | $1,522 | $127 |
| LTZ Crew Cab 4WD | $1,444 | $120 |
| Crew Cab Hybrid 2WD | $1,472 | $123 |
| Crew Cab Hybrid 4WD | $1,506 | $126 |
Rates assume 2021 model year, a 40-year-old male driver with no accidents or violations, $500 comprehensive and collision deductibles, minimum liability limits, and uninsured/under-insured motorist coverage included. Rates are for comparison only and are averaged for all 50 U.S. states.
| Model Year | Comprehensive | Collision | Liability | Total Premium |
|---|---|---|---|---|
| 2024 Chevrolet Silverado | $306 | $542 | $440 | $1,468 |
| 2023 Chevrolet Silverado | $294 | $536 | $450 | $1,460 |
| 2022 Chevrolet Silverado | $284 | $524 | $470 | $1,458 |
| 2021 Chevrolet Silverado | $274 | $502 | $486 | $1,442 |
| 2019 Chevrolet Silverado | $250 | $450 | $510 | $1,390 |
Rates are averaged for all Chevrolet Silverado models and trim levels. Rates assume a 40-year-old male driver, full coverage with $500 deductibles, and a clean driving record.
How to Find Cheaper Chevrolet Silverado Insurance
Getting lower rates on insurance for a Chevrolet Silverado not only requires not taking risks behind the wheel, but also having a good credit history, eliminating unnecessary coverage, and possibly raising deductibles. Take the time to compare rates every other policy renewal by obtaining price quotes from direct carriers like Progressive and GEICO, and also from local independent and exclusive agents.
The following is a condensed summary of the ideas that were covered in the above illustrations.
- Teens are expensive to insure, with premiums as much as $460 a month including comprehensive and collision insurance
- Drivers considered higher risk with multiple at-fault accidents pay an average of $1,680 more annually for Silverado insurance
- Increasing physical damage deductibles can save around $525 each year
- Drivers can save approximately $170 per year just by shopping early and online
Rate Tables and Charts
Rates by Driver Age
| Driver Age | Premium |
|---|---|
| 16 | $5,516 |
| 20 | $3,332 |
| 30 | $1,492 |
| 40 | $1,442 |
| 50 | $1,320 |
| 60 | $1,294 |
Full coverage, $500 deductibles
Rates by Deductible
| Deductible | Premium |
|---|---|
| $100 | $1,784 |
| $250 | $1,626 |
| $500 | $1,442 |
| $1,000 | $1,266 |
Full coverage, driver age 40
Rates by Liability Limit
| Liability Limit | Premium |
|---|---|
| 30/60 | $1,442 |
| 50/100 | $1,592 |
| 100/300 | $1,700 |
| 250/500 | $1,979 |
| 100 CSL | $1,635 |
| 300 CSL | $1,872 |
| 500 CSL | $2,044 |
Full coverage, driver age 40
Rates for High Risk Drivers
| Age | Premium |
|---|---|
| 16 | $7,844 |
| 20 | $5,308 |
| 30 | $3,180 |
| 40 | $3,122 |
| 50 | $2,982 |
| 60 | $2,956 |
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.
| Discount | Savings |
|---|---|
| Multi-policy | $76 |
| Multi-vehicle | $77 |
| Homeowner | $22 |
| 5-yr Accident Free | $103 |
| 5-yr Claim Free | $93 |
| Paid in Full/EFT | $63 |
| Advance Quote | $70 |
| Online Quote | $101 |
| Total Discounts | $605 |
Discounts are estimated and may not be available from every company or in every state.
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