Chevrolet Silverado Insurance Rates

The average insurance rates for a Chevrolet Silverado are $1,442 a year including full coverage. Comprehensive insurance costs around $274 a year, collision costs $502, and liability coverage is $486. Liability-only insurance costs around $548 a year, with high-risk driver insurance costing $3,122 or more. Teens cost the most to insure at $5,516 a year or more.

Average premium for full coverage: $1,442

Policy rates for type of insurance:

Rate estimates include $500 comprehensive and collision deductibles, split liability limits of 30/60, and includes both medical and uninsured motorist insurance. Prices are averaged for all 50 U.S. states and Silverado trim levels.

Price Range Variability

Urban vs. Rural Price Range

Choosing to live in a large city has a large influence on the price of insurance. Areas with sparse population are shown to have lower incidents of comprehensive and collision claims than cities with more traffic congestion.

The diagram below illustrates the difference between rural and urban areas on auto insurance rates.

The examples above highlight why it is important to compare rates quotes for a specific zip code, rather than using averaged prices.

Use the form below to get customized rates for your location.

Additional Rate Details

The chart below breaks down estimated Chevrolet Silverado insurance rates for additional coverage choices and driver risks.

• The cheapest rate after discounts is $837
• Raising to $1,000 deductibles will save about $1,266 every year
• The estimated price for a good driver age 40 using $500 deductibles is $1,442
• Selecting low $100 deductibles will cost an additional $342 each year
• Unlucky drivers with serious driving violations could pay at least $3,122 or more
• Policy cost that insures a teenage driver can be $5,516

View Chart as Image

Auto insurance rates for a Chevrolet Silverado also range considerably based on the trim level of your Silverado, your driving record and age, and deductibles and policy limits.

If you have a few points on your driving record or you caused an accident, you are likely paying at least $1,700 to $2,400 in extra premium every year, depending on your age. A high-risk auto insurance policy is expensive and can cost around 44% to 131% more than the average policy. View High Risk Driver Rates

Older drivers with a good driving record and higher comprehensive and collision deductibles may only pay around $1,300 every 12 months on average, or $108 per month, for full coverage. Rates are much higher for teenagers, since even teens with perfect driving records will have to pay as much as $5,500 a year. View Rates by Age

Your home state also has a big influence on Chevrolet Silverado insurance rates. A middle-age driver might find rates as low as $1,110 a year in states like Missouri, New Hampshire, and Vermont, or have to pay at least $2,050 on average in Michigan, New York, and Louisiana.

View Chart as Image

Choosing higher comprehensive and collision insurance deductibles can reduce rates by up to $520 a year, while buying higher liability limits will increase rates. Changing from a 50/100 bodily injury protection limit to a 250/500 limit will raise rates by up to $387 extra every year. View Rates by Deductible or Liability Limit

Because rates have so much variability, the best way to figure out your exact price is to get quotes and see how they stack up. Every auto insurance company calculates rates differently, and quoted rates will be varied.

Insurance Rates by Trim Level and Model Year

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.

How to Find the Best Chevrolet Silverado Insurance

Finding cheaper rates on auto insurance consists of avoiding accidents and violations, maintaining a good credit score, paying for small claims out-of-pocket, and maximizing policy discounts. Compare rates at least once a year by requesting rates from direct car insurance companies, and also from local insurance agencies.

The list below is a brief recap of the primary concepts that were covered above.

• You may be able to save up to $170 per year simply by quoting early and online
• Drivers who tend to receive serious violations may have to pay on average $1,680 more every year for car insurance
• Increasing comprehensive and collision deductibles can save approximately $525 each year
• Teenagers are expensive to insure, with premiums being up to $460 each month if the policy includes full coverage