Chevrolet Silverado Insurance Rates
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UPDATED: Apr 29, 2024
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Average insurance prices for a Chevrolet Silverado are $1,458 every 12 months with full coverage. Comprehensive costs approximately $284, collision costs $524, and liability is estimated at $470. Buying just liability costs approximately $536 a year, with insurance for high-risk drivers costing around $3,158. 16-year-old drivers receive the highest rates at $5,542 a year or more.
Average premium for full coverage: $1,458
Rate estimates by individual coverage type:
Prices include $500 deductible amounts, bodily injury liability limits of 30/60, and includes medical and UM/UIM coverage. Rates are averaged for all U.S. states and for different Silverado trim levels.
Price Range by Coverage and Risk
For an average driver, prices range go from the cheapest price of $536 for just liability insurance to a much higher rate of $3,158 for a driver who has had serious violations or accidents.
Price Range by Location
Living in a larger city can make a big difference on the price of insurance. Rural locations tend to have more infrequent collision claims than congested cities.
The price range example below illustrates the effect of geographic area on auto insurance prices.
These examples demonstrate why anyone shopping for car insurance should get quotes using their specific location and their own driving history, instead of making a decision based on rate averages.
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.
More Rate Details
The chart below details estimated Chevrolet Silverado insurance rates for additional coverage and risk scenarios.
- The best full coverage rate is $845
- Choosing higher $1,000 deductibles can save $184 annually
- The average price for a 40-year-old driver who chooses $500 deductibles is $1,458
- Buying more expensive low deductibles for comp and collision coverage increases the price to $1,814
- Higher-risk drivers with multiple tickets or accidents could pay around $3,158 or more
- The cost to insure a 16-year-old driver with full coverage can cost $5,542 each year
Auto insurance rates for a Chevrolet Silverado can also vary considerably based on policy deductibles and limits, your driving record, and the model of your Silverado.
Opting for high physical damage deductibles can save as much as $540 annually, while increasing your policy's liability limits will push rates upward. Moving from a 50/100 liability limit to a 250/500 limit will cost as much as $375 extra every year. View Rates by Deductible or Liability Limit
An older driver with a good driving record and higher deductibles may pay as low as $1,400 annually on average for full coverage. Rates are highest for teen drivers, since even excellent drivers will have to pay in the ballpark of $5,500 a year. View Rates by Age
If you like to drive fast or you were responsible for an accident, you may be forking out anywhere from $1,700 to $2,400 in extra premium per year, depending on your age. High-risk driver insurance ranges from 43% to 130% more than the average rate. View High Risk Driver Rates
Where you live plays a big part in determining prices for Chevrolet Silverado insurance prices. A good driver about age 40 could pay as low as $1,050 a year in states like Utah, Ohio, and New Hampshire, or at least $1,970 on average in New York, Michigan, and Florida.
| State | Premium | Compared to U.S. Avg | Percent Difference |
|---|---|---|---|
| Alabama | $1,316 | -$142 | -9.7% |
| Alaska | $1,118 | -$340 | -23.3% |
| Arizona | $1,210 | -$248 | -17.0% |
| Arkansas | $1,458 | -$0 | 0.0% |
| California | $1,660 | $202 | 13.9% |
| Colorado | $1,392 | -$66 | -4.5% |
| Connecticut | $1,498 | $40 | 2.7% |
| Delaware | $1,650 | $192 | 13.2% |
| Florida | $1,824 | $366 | 25.1% |
| Georgia | $1,346 | -$112 | -7.7% |
| Hawaii | $1,046 | -$412 | -28.3% |
| Idaho | $986 | -$472 | -32.4% |
| Illinois | $1,084 | -$374 | -25.7% |
| Indiana | $1,098 | -$360 | -24.7% |
| Iowa | $984 | -$474 | -32.5% |
| Kansas | $1,384 | -$74 | -5.1% |
| Kentucky | $1,988 | $530 | 36.4% |
| Louisiana | $2,158 | $700 | 48.0% |
| Maine | $900 | -$558 | -38.3% |
| Maryland | $1,202 | -$256 | -17.6% |
| Massachusetts | $1,164 | -$294 | -20.2% |
| Michigan | $2,530 | $1,072 | 73.5% |
| Minnesota | $1,220 | -$238 | -16.3% |
| Mississippi | $1,748 | $290 | 19.9% |
| Missouri | $1,292 | -$166 | -11.4% |
| Montana | $1,566 | $108 | 7.4% |
| Nebraska | $1,148 | -$310 | -21.3% |
| Nevada | $1,748 | $290 | 19.9% |
| New Hampshire | $1,050 | -$408 | -28.0% |
| New Jersey | $1,630 | $172 | 11.8% |
| New Mexico | $1,290 | -$168 | -11.5% |
| New York | $1,538 | $80 | 5.5% |
| North Carolina | $840 | -$618 | -42.4% |
| North Dakota | $1,192 | -$266 | -18.2% |
| Ohio | $1,006 | -$452 | -31.0% |
| Oklahoma | $1,496 | $38 | 2.6% |
| Oregon | $1,334 | -$124 | -8.5% |
| Pennsylvania | $1,388 | -$70 | -4.8% |
| Rhode Island | $1,944 | $486 | 33.3% |
| South Carolina | $1,322 | -$136 | -9.3% |
| South Dakota | $1,230 | -$228 | -15.6% |
| Tennessee | $1,274 | -$184 | -12.6% |
| Texas | $1,754 | $296 | 20.3% |
| Utah | $1,078 | -$380 | -26.1% |
| Vermont | $998 | -$460 | -31.6% |
| Virginia | $872 | -$586 | -40.2% |
| Washington | $1,124 | -$334 | -22.9% |
| West Virginia | $1,336 | -$122 | -8.4% |
| Wisconsin | $1,008 | -$450 | -30.9% |
| Wyoming | $1,298 | -$160 | -11.0% |
With so much variability in rates, the best way to find out who has the cheapest auto insurance rates is to compare rates from multiple companies. Each auto insurer utilizes a different rate formula, and quoted rates can be significantly different.
Insurance Rates by Trim Level and Model Year
| Model and Trim | Annual Premium | Monthly Premium |
|---|---|---|
| LS Regular Cab 2WD | $1,252 | $104 |
| LS Regular Cab 4WD | $1,218 | $102 |
| LT Regular Cab 2WD | $1,376 | $115 |
| LT Regular Cab | $1,376 | $115 |
| LS Extended Cab 4WD | $1,328 | $111 |
| LT Extended Cab 4WD | $1,328 | $111 |
| LS Extended Cab 2WD | $1,416 | $118 |
| LT Extended Cab 2WD | $1,416 | $118 |
| LS Crew Cab 2WD | $1,458 | $122 |
| LT Crew Cab 2WD | $1,458 | $122 |
| LS Crew Cab 4WD | $1,382 | $115 |
| LT Crew Cab 4WD | $1,382 | $115 |
| LTZ Extended Cab 2WD | $1,498 | $125 |
| LTZ Extended Cab 4WD | $1,422 | $119 |
| LTZ Crew Cab 2WD | $1,540 | $128 |
| LTZ Crew Cab 4WD | $1,464 | $122 |
| Crew Cab Hybrid 2WD | $1,492 | $124 |
| Crew Cab Hybrid 4WD | $1,528 | $127 |
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 | $322 | $562 | $420 | $1,484 |
| 2023 Chevrolet Silverado | $306 | $542 | $440 | $1,468 |
| 2022 Chevrolet Silverado | $294 | $536 | $450 | $1,460 |
| 2021 Chevrolet Silverado | $284 | $524 | $470 | $1,458 |
| 2019 Chevrolet Silverado | $260 | $484 | $500 | $1,424 |
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 Shop for the Right Chevrolet Silverado Insurance
Saving money on insurance for a Chevrolet Silverado takes having a good driving record, having a good credit score, eliminating unnecessary coverage, and not having any coverage lapses. Take the time to compare rates every other policy renewal by getting rate quotes from direct companies like GEICO, Progressive, and Esurance, and also from insurance agencies where you live.
The next list is a quick rundown of the ideas that were covered in the above illustrations.
- Drivers age 20 and younger have the highest car insurance rates, with premiums as much as $462 per month if comprehensive and collision insurance is included
- Drivers considered higher risk with reckless driving or DUI convictions could be forced to pay on average $1,700 more per year to buy Chevrolet Silverado insurance
- Increasing deductibles could save as much as $550 each year
- You may be able to save around $170 per year simply by shopping early and online
Rate Tables and Charts
Rates by Driver Age
| Driver Age | Premium |
|---|---|
| 16 | $5,542 |
| 20 | $3,374 |
| 30 | $1,512 |
| 40 | $1,458 |
| 50 | $1,334 |
| 60 | $1,310 |
Full coverage, $500 deductibles
Rates by Deductible
| Deductible | Premium |
|---|---|
| $100 | $1,814 |
| $250 | $1,650 |
| $500 | $1,458 |
| $1,000 | $1,274 |
Full coverage, driver age 40
Rates by Liability Limit
| Liability Limit | Premium |
|---|---|
| 30/60 | $1,458 |
| 50/100 | $1,611 |
| 100/300 | $1,715 |
| 250/500 | $1,986 |
| 100 CSL | $1,653 |
| 300 CSL | $1,882 |
| 500 CSL | $2,048 |
Full coverage, driver age 40
Rates for High Risk Drivers
| Age | Premium |
|---|---|
| 16 | $7,890 |
| 20 | $5,368 |
| 30 | $3,218 |
| 40 | $3,158 |
| 50 | $3,016 |
| 60 | $2,988 |
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 | $77 |
| Multi-vehicle | $77 |
| Homeowner | $22 |
| 5-yr Accident Free | $105 |
| 5-yr Claim Free | $94 |
| Paid in Full/EFT | $65 |
| Advance Quote | $71 |
| Online Quote | $102 |
| Total Discounts | $613 |
Discounts are estimated and may not be available from every company or in every state.
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