Chevrolet Silverado Insurance Rates
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Michelle Robbins
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Michelle Robbins has been a licensed insurance agent for over 13 years. Her career began in the real estate industry, supporting local realtors with Title Insurance. After several years, Michelle shifted to real estate home warranty insurance, where she managed a territory of over 100 miles of real estate professionals. Later, Agent Robbins obtained more licensing and experience serving families a...
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UPDATED: Apr 29, 2024
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U.S. average insurance rates for a Chevrolet Silverado are $1,424 a year for full coverage. Comprehensive insurance costs on average $260, collision insurance costs $484, and liability insurance is $500. Buying just liability costs around $560 a year, and insurance for high-risk drivers costs $3,088 or more. Teenage drivers pay the highest rates at up to $5,494 a year.
Average premium for full coverage: $1,424
Price estimates by individual coverage:
These estimates include $500 policy deductibles, 30/60 split liability limits, and includes medical/PIP and uninsured motorist coverage. Estimates are averaged for all states and for all Silverado models.
Price Range from Low to High
Using a 40-year-old driver as an example, Chevrolet Silverado insurance prices range from as low as $560 for liability-only coverage to the much higher price of $3,088 for a high-risk insurance policy.
Geographic Price Range
Choosing to live in a large city has a significant impact on car insurance rates. Rural areas have a lower frequency of accident claims than densely populated cities. The example below illustrates how rural and urban location affects car insurance rates.
The ranges above show why everyone should compare rates quotes based on a specific location and risk profile, rather than relying on average rates.
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.
Additional Charts and Tables
The chart below shows average Chevrolet Silverado insurance rates for different risk profiles and scenarios.
- The best discount rate is $827
- Raising to $1,000 deductibles will save around $168 a year
- The average rate for the average middle-age driver with $500 deductibles is $1,424
- Using pricier low deductibles will cost an extra $328 a year
- Higher-risk drivers who are prone to accidents and violations could pay upwards of $3,088
- The price for full coverage for a teen driver for full coverage may cost $5,494
Insurance prices for a Chevrolet Silverado are also quite variable based on your driving record, the trim level of your Silverado, and policy deductibles and limits.
A more mature driver with no violations or accidents and high deductibles could pay as little as $1,300 every 12 months on average for full coverage. Prices are much higher for teenage drivers, where even good drivers should be prepared to pay upwards of $5,400 a year. View Rates by Age
The state you live in also has a big influence on Chevrolet Silverado insurance rates. A middle-age driver might find prices as low as $940 a year in states like Idaho, Maine, and Iowa, or be forced to pay as much as $2,030 on average in Michigan, Louisiana, and New York.
| State | Premium | Compared to U.S. Avg | Percent Difference |
|---|---|---|---|
| Alabama | $1,286 | -$138 | -9.7% |
| Alaska | $1,092 | -$332 | -23.3% |
| Arizona | $1,182 | -$242 | -17.0% |
| Arkansas | $1,424 | -$0 | 0.0% |
| California | $1,622 | $198 | 13.9% |
| Colorado | $1,358 | -$66 | -4.6% |
| Connecticut | $1,462 | $38 | 2.7% |
| Delaware | $1,612 | $188 | 13.2% |
| Florida | $1,780 | $356 | 25.0% |
| Georgia | $1,316 | -$108 | -7.6% |
| Hawaii | $1,020 | -$404 | -28.4% |
| Idaho | $964 | -$460 | -32.3% |
| Illinois | $1,058 | -$366 | -25.7% |
| Indiana | $1,074 | -$350 | -24.6% |
| Iowa | $962 | -$462 | -32.4% |
| Kansas | $1,350 | -$74 | -5.2% |
| Kentucky | $1,940 | $516 | 36.2% |
| Louisiana | $2,108 | $684 | 48.0% |
| Maine | $878 | -$546 | -38.3% |
| Maryland | $1,174 | -$250 | -17.6% |
| Massachusetts | $1,138 | -$286 | -20.1% |
| Michigan | $2,470 | $1,046 | 73.5% |
| Minnesota | $1,192 | -$232 | -16.3% |
| Mississippi | $1,704 | $280 | 19.7% |
| Missouri | $1,262 | -$162 | -11.4% |
| Montana | $1,528 | $104 | 7.3% |
| Nebraska | $1,122 | -$302 | -21.2% |
| Nevada | $1,706 | $282 | 19.8% |
| New Hampshire | $1,026 | -$398 | -27.9% |
| New Jersey | $1,592 | $168 | 11.8% |
| New Mexico | $1,258 | -$166 | -11.7% |
| New York | $1,498 | $74 | 5.2% |
| North Carolina | $820 | -$604 | -42.4% |
| North Dakota | $1,166 | -$258 | -18.1% |
| Ohio | $980 | -$444 | -31.2% |
| Oklahoma | $1,458 | $34 | 2.4% |
| Oregon | $1,304 | -$120 | -8.4% |
| Pennsylvania | $1,356 | -$68 | -4.8% |
| Rhode Island | $1,898 | $474 | 33.3% |
| South Carolina | $1,288 | -$136 | -9.6% |
| South Dakota | $1,200 | -$224 | -15.7% |
| Tennessee | $1,244 | -$180 | -12.6% |
| Texas | $1,714 | $290 | 20.4% |
| Utah | $1,052 | -$372 | -26.1% |
| Vermont | $974 | -$450 | -31.6% |
| Virginia | $852 | -$572 | -40.2% |
| Washington | $1,098 | -$326 | -22.9% |
| West Virginia | $1,304 | -$120 | -8.4% |
| Wisconsin | $986 | -$438 | -30.8% |
| Wyoming | $1,268 | -$156 | -11.0% |
Using high physical damage deductibles can reduce prices by up to $500 each year, whereas buying more liability protection will cost you more. Going from a 50/100 limit to a 250/500 limit will increase prices by as much as $398 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 at a minimum $1,700 to $2,400 additional each year, depending on your age. Chevrolet Silverado insurance for high-risk drivers is expensive and can cost anywhere from 44% to 133% more than a normal 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 | $1,234 | $103 |
| LS Regular Cab 4WD | $1,194 | $100 |
| LT Regular Cab 2WD | $1,348 | $112 |
| LT Regular Cab | $1,348 | $112 |
| LS Extended Cab 4WD | $1,296 | $108 |
| LT Extended Cab 4WD | $1,296 | $108 |
| LS Extended Cab 2WD | $1,386 | $116 |
| LT Extended Cab 2WD | $1,386 | $116 |
| LS Crew Cab 2WD | $1,424 | $119 |
| LT Crew Cab 2WD | $1,424 | $119 |
| LS Crew Cab 4WD | $1,344 | $112 |
| LT Crew Cab 4WD | $1,344 | $112 |
| LTZ Extended Cab 2WD | $1,462 | $122 |
| LTZ Extended Cab 4WD | $1,382 | $115 |
| LTZ Crew Cab 2WD | $1,500 | $125 |
| LTZ Crew Cab 4WD | $1,420 | $118 |
| Crew Cab Hybrid 2WD | $1,446 | $121 |
| Crew Cab Hybrid 4WD | $1,478 | $123 |
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 | $294 | $536 | $450 | $1,460 |
| 2023 Chevrolet Silverado | $284 | $524 | $470 | $1,458 |
| 2022 Chevrolet Silverado | $274 | $502 | $486 | $1,442 |
| 2021 Chevrolet Silverado | $260 | $484 | $500 | $1,424 |
| 2019 Chevrolet Silverado | $240 | $424 | $514 | $1,358 |
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 Cheap Chevrolet Silverado Insurance
Getting lower rates on Chevrolet Silverado insurance consists of being a good driver, having a good credit history, eliminating unnecessary coverage, and dropping full coverage on older vehicles. Set aside time to shop around at least every other year by getting quotes from direct carriers like Progressive and GEICO, and also from your local insurance agents.
The following list is a brief summary of the car insurance concepts raised in the charts and tables above.
- High-risk drivers that tend to have accidents or serious violations will pay on average $1,660 more each year than a safer driver
- Drivers can save as much as $170 per year just by quoting online well ahead of the renewal date
- Increasing physical damage deductibles can save around $500 each year
- Drivers who require an increased level of liability coverage will pay an extra $550 each year to raise from a low limit to 250/500 limits
Rate Tables and Charts
Rates by Driver Age
| Driver Age | Premium |
|---|---|
| 16 | $5,494 |
| 20 | $3,298 |
| 30 | $1,470 |
| 40 | $1,424 |
| 50 | $1,304 |
| 60 | $1,278 |
Full coverage, $500 deductibles
Rates by Deductible
| Deductible | Premium |
|---|---|
| $100 | $1,752 |
| $250 | $1,598 |
| $500 | $1,424 |
| $1,000 | $1,256 |
Full coverage, driver age 40
Rates by Liability Limit
| Liability Limit | Premium |
|---|---|
| 30/60 | $1,424 |
| 50/100 | $1,566 |
| 100/300 | $1,677 |
| 250/500 | $1,964 |
| 100 CSL | $1,611 |
| 300 CSL | $1,854 |
| 500 CSL | $2,031 |
Full coverage, driver age 40
Rates for High Risk Drivers
| Age | Premium |
|---|---|
| 16 | $7,812 |
| 20 | $5,258 |
| 30 | $3,144 |
| 40 | $3,088 |
| 50 | $2,952 |
| 60 | $2,926 |
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 | $75 |
| Multi-vehicle | $76 |
| Homeowner | $22 |
| 5-yr Accident Free | $101 |
| 5-yr Claim Free | $92 |
| Paid in Full/EFT | $62 |
| Advance Quote | $69 |
| Online Quote | $100 |
| Total Discounts | $597 |
Discounts are estimated and may not be available from every company or in every state.
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