Chevrolet Silverado Insurance Rates
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UPDATED: Jun 6, 2023
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Chevrolet Silverado car insurance rates amount to $1,484 a year, or around $124 a month on average. With a little research, it’s easy to find cheap auto insurance for the Chevy Silverado with numerous Chevrolet Silverado money-saving safety features.
There are a number of factors that ultimately determine Chevy Silverado insurance rates, such as the model year of your pickup. For example, the insurance cost for a 2017 Silverado or 1998 Chevrolet 1500 insurance cost will be more affordable than the newest available model.
Use this Chevrolet Silverado insurance overview to serve as your main point of reference as you explore car insurance options. Always compare quotes from multiple insurance companies before you buy Chevrolet Silverado auto insurance.
Want to know if you can qualify for affordable Chevrolet Silverado car insurance rates? Once you’re ready, enter your five-digit ZIP code to start comparing Chevrolet Silverado quotes from multiple companies near you.
U.S. average auto insurance rates for a Chevrolet Silverado are $1,424 annually for full coverage insurance. Comprehensive insurance costs approximately $260 a year, collision costs $484, and liability costs around $500. Buying just liability costs as low as $560 a year, with insurance for high-risk drivers costing $3,088 or more. Teens pay the highest rates at $5,494 a year or more.
Average premium for full coverage: $1,424
Price estimates by individual coverage:
These estimates include $500 deductible amounts, bodily injury liability limits of 30/60, and includes medical and UM/UIM coverage. Estimates are averaged for all 50 states and Silverado trim levels.
Price Range from Low to High
Using a middle-aged driver as an example, Chevrolet Silverado insurance prices go from as cheap as $560 for just liability insurance to a high of $3,088 for a driver who has had serious violations or accidents.
Geographic Price Range
Where you live can make a big difference on the price of auto insurance. Rural locations have fewer physical damage claims than cities with more traffic congestion.
The diagram below illustrates how where you live affects auto insurance prices.
The ranges above illustrate why it is important to compare prices using their specific location and their own personal driving habits, 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.
More Rate Details
There are a ton of questions to consider when shopping for a new vehicle. If you’re looking to switch from a car to your first truck, be prepared for even more change. How much does it cost to insure a new truck? How much should my truck insurance be? There are a handful of factors that matter here.
Even for a specific brand, there can be a ton of variation. How much does it cost to insure my Chevrolet Silverado? This will depend on the driver, the model and year of the truck, and even your state. You can expect to spend nearly three times as much in a big city than in a suburban area.
How much is insurance on a 2020 Silverado? You’ll see below that you’d only need to pay a few more dollars per month on a new Silverado compared to a 2015 model. Let’s look at how the Chevy Silverado insurance rates can change.
The chart below illustrates estimated Chevrolet Silverado insurance rates for additional coverage and risk scenarios.
- The cheapest rate after discounts is $827
- Using higher $1,000 deductibles will save $1,256 each year
- The estimated rate for the average middle-age driver who chooses $500 deductibles is $1,424
- Selecting low $100 deductibles for physical damage coverage costs an additional $328 annually
- High-risk insureds with serious driving violations could pay around $3,088 or more
- The price with full coverage for a 16-year-old driver can cost $5,494 or more
Insurance prices for a Chevrolet Silverado are also quite variable based on the trim level and model year, your risk profile, and physical damage deductibles and liability limits.
Older drivers with no violations or accidents and high physical damage deductibles may pay as low as $1,300 a year for full coverage. Prices are much higher for teenage drivers, where even without any violations or accidents they should be prepared to pay in the ballpark of $5,400 a year. View Rates by Age
If you have some driving violations or you caused a few accidents, you are probably paying anywhere from $1,700 to $2,400 additional each year, depending on your age. A high-risk auto insurance policy can be from 44% to 133% more than the average policy. View High Risk Driver Rates
Choosing higher comprehensive and collision insurance deductibles could cut prices by as much as $500 annually, while buying higher liability limits will push prices upward. Switching from a 50/100 bodily injury limit to a 250/500 limit will increase prices by as much as $398 more each year. View Rates by Deductible or Liability Limit
The state you live in has a huge impact on Chevrolet Silverado insurance prices. A driver around age 40 might see prices as low as $930 a year in states like North Carolina, Wisconsin, and Vermont, or have to pay at least $1,920 on average in Florida, New York, and Michigan.
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% |
Since prices can be so different, the only way to figure out who has the best car insurance prices is to get quotes from multiple companies. Each insurance company calculates prices differently, and prices may be quite different between companies.
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 2020 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 |
---|---|---|---|---|
2020 Chevrolet Silverado | $260 | $484 | $500 | $1,424 |
2018 Chevrolet Silverado | $240 | $424 | $514 | $1,358 |
2017 Chevrolet Silverado | $230 | $380 | $520 | $1,310 |
2016 Chevrolet Silverado | $214 | $350 | $520 | $1,264 |
2015 Chevrolet Silverado | $206 | $328 | $524 | $1,238 |
2014 Chevrolet Silverado | $202 | $306 | $534 | $1,222 |
2013 Chevrolet Silverado | $186 | $284 | $534 | $1,184 |
2012 Chevrolet Silverado | $182 | $258 | $540 | $1,160 |
2011 Chevrolet Silverado | $170 | $236 | $534 | $1,120 |
2010 Chevrolet Silverado | $160 | $214 | $534 | $1,088 |
2009 Chevrolet Silverado | $154 | $192 | $530 | $1,056 |
2008 Chevrolet Silverado | $152 | $188 | $520 | $1,040 |
2007 Chevrolet Silverado | $150 | $178 | $510 | $1,018 |
2006 Chevrolet Silverado | $138 | $170 | $504 | $992 |
2005 Chevrolet Silverado | $132 | $162 | $500 | $974 |
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 Buy Cheap Chevrolet Silverado Insurance
Getting lower rates on insurance for a Chevrolet Silverado requires having a good driving record, having good credit, not filing small claims, and qualifying for all possible discounts. Take the time to comparison shop every other policy renewal by getting quotes from direct insurance companies like GEICO, Progressive, and Esurance, and also from insurance agencies where you live.
The next list is a brief summary of the ideas that were touched on in the above illustrations.
- Drivers age 20 and younger are the costliest to insure, as much as $458 a month if they have full coverage
- Drivers considered higher risk that tend to have accidents or serious violations could be forced to pay on average $1,660 more per year to buy Chevrolet Silverado insurance
- Increasing physical damage deductibles could save up to $500 each year
- It is possible to save around $170 per year simply by quoting early and online
As you can see from the information we’ve gone over to this point, it’s clear that there are differences in costs when it comes to a Chevy Silverado insurance policy. Are pickup trucks more expensive to insure? How much is truck insurance monthly?
Chevy truck quotes will vary just like other cars. For example, 2019 Chevy Silverado insurance costs are higher than 2017 Silverado pickup truck insurance costs.
The best way to find cheap Chevrolet Silverado car insurance quotes is by learning more about the Chevrolet Silverado and comparing rates from multiple insurers.
Don’t forget, there are other truck options to think about too. How does the Chevrolet Silverado compare to other car models? Read on to learn more.
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What are the Chevrolet Silverado safety ratings?
How can I save money on Chevrolet Silverado 1500 insurance? It’s important to consider the Chevy Silverado safety ratings to get a proper understanding of where you might qualify for policy discounts. Safer vehicles qualify for cheaper car insurance rates.
Take a look at the safety ratings of the Chevrolet Silverado below so you can see where you might be eligible for policy discounts.
- Small overlap front (driver-side): Good
- Small overlap front (passenger-side): Marginal
- Moderate overlap front: Good
- Side: Good
- Roof strength: Good
- Head restraints and seats: Good
For a frame of reference, the Insurance Institute for Highway Safety classifies “Good” as the highest rating possible. The Chevy Silverado achieved that mark in every part of the car that was tested with the exception of the small overlap on the passenger’s side of the vehicle.
Chevrolet Silverado Crash Test Ratings
Take a look at the Chevrolet Silverado crash test ratings below.
Chevrolet Silverado Crash Test RatingsVehicle Tested | Overall | Frontal | Side | Rollover |
---|---|---|---|---|
2020 Chevrolet Silverado 2500 PU/RC 4WD | N/R | N/R | N/R | N/R |
2020 Chevrolet Silverado 2500 PU/RC 2WD | N/R | N/R | N/R | N/R |
2020 Chevrolet Silverado 2500 PU/EC 4WD | N/R | N/R | N/R | N/R |
2020 Chevrolet Silverado 2500 PU/EC 2WD | N/R | N/R | N/R | N/R |
2020 Chevrolet Silverado 2500 PU/CC 4WD | N/R | N/R | N/R | N/R |
2020 Chevrolet Silverado 2500 PU/CC 2WD | N/R | N/R | N/R | N/R |
2020 Chevrolet Silverado 1500 PU/RC 4WD | 4 stars | 4 stars | 5 stars | 4 stars |
2020 Chevrolet Silverado 1500 PU/RC 2WD | 4 stars | 4 stars | 5 stars | 4 stars |
2020 Chevrolet Silverado 1500 PU/EC 4WD | 4 stars | 4 stars | 5 stars | 4 stars |
2020 Chevrolet Silverado 1500 PU/EC 2WD | 4 stars | 4 stars | 5 stars | 4 stars |
2020 Chevrolet Silverado 1500 PU/CC 4WD | 4 stars | 4 stars | 5 stars | 4 stars |
2020 Chevrolet Silverado 1500 PU/CC 2WD | 4 stars | 4 stars | 5 stars | 4 stars |
2019 Chevrolet Silverado 3500 PU/RC RWD | N/R | N/R | N/R | N/R |
2019 Chevrolet Silverado 3500 PU/RC 4WD | N/R | N/R | N/R | N/R |
2019 Chevrolet Silverado 3500 PU/CC RWD | N/R | N/R | N/R | N/R |
2019 Chevrolet Silverado 3500 PU/CC 4WD | N/R | N/R | N/R | N/R |
2019 Chevrolet Silverado 2500 PU/RC RWD | 4 stars | 3 stars | 5 stars | 3 stars |
2019 Chevrolet Silverado 2500 PU/RC 4WD | 4 stars | 3 stars | 5 stars | 3 stars |
2019 Chevrolet Silverado 2500 PU/EC RWD | 4 stars | 3 stars | 5 stars | 3 stars |
2019 Chevrolet Silverado 2500 PU/EC 4WD | 4 stars | 3 stars | 5 stars | 3 stars |
2019 Chevrolet Silverado 2500 PU/CC RWD | 4 stars | 4 stars | 5 stars | 3 stars |
2019 Chevrolet Silverado 2500 PU/CC 4WD | 4 stars | 4 stars | 5 stars | 3 stars |
2019 Chevrolet Silverado 1500 PU/RC RWD | 4 stars | 4 stars | 5 stars | 4 stars |
2019 Chevrolet Silverado 1500 PU/RC 4WD | 4 stars | 4 stars | 5 stars | 4 stars |
2019 Chevrolet Silverado 1500 PU/EC RWD | 4 stars | 4 stars | 5 stars | 4 stars |
2019 Chevrolet Silverado 1500 PU/EC 4WD | 4 stars | 4 stars | 5 stars | 4 stars |
2019 Chevrolet Silverado 1500 PU/CC RWD | 4 stars | 4 stars | 5 stars | 4 stars |
2019 Chevrolet Silverado 1500 PU/CC 4WD | 4 stars | 4 stars | 5 stars | 4 stars |
2019 Chevrolet Silverado 1500 LD PU/EC RWD | 4 stars | 4 stars | 5 stars | 4 stars |
2019 Chevrolet Silverado 1500 LD PU/EC 4WD | 4 stars | 4 stars | 5 stars | 4 stars |
2018 Chevrolet Silverado 3500 PU/RC RWD | N/R | N/R | N/R | N/R |
2018 Chevrolet Silverado 3500 PU/RC 4WD | N/R | N/R | N/R | N/R |
2018 Chevrolet Silverado 3500 PU/EC RWD | N/R | N/R | N/R | N/R |
2018 Chevrolet Silverado 3500 PU/EC 4WD | N/R | N/R | N/R | N/R |
2018 Chevrolet Silverado 3500 PU/CC RWD | N/R | N/R | N/R | N/R |
2018 Chevrolet Silverado 3500 PU/CC 4WD | N/R | N/R | N/R | N/R |
2018 Chevrolet Silverado 2500 PU/RC RWD | 4 stars | 4 stars | 5 stars | 3 stars |
2018 Chevrolet Silverado 2500 PU/RC 4WD | 4 stars | 4 stars | 5 stars | 3 stars |
2018 Chevrolet Silverado 2500 PU/EC RWD | 4 stars | 4 stars | 5 stars | 3 stars |
2018 Chevrolet Silverado 2500 PU/EC 4WD | 4 stars | 4 stars | 5 stars | 3 stars |
2018 Chevrolet Silverado 2500 PU/CC RWD | 4 stars | 4 stars | 5 stars | 3 stars |
2018 Chevrolet Silverado 2500 PU/CC 4WD | 4 stars | 4 stars | 5 stars | 3 stars |
2018 Chevrolet Silverado 1500 PU/RC RWD | 5 stars | 5 stars | 5 stars | 4 stars |
2018 Chevrolet Silverado 1500 PU/RC 4WD | 5 stars | 5 stars | 5 stars | 4 stars |
2018 Chevrolet Silverado 1500 PU/EC RWD | 5 stars | 5 stars | 5 stars | 4 stars |
2018 Chevrolet Silverado 1500 PU/EC 4WD | 5 stars | 5 stars | 5 stars | 4 stars |
2018 Chevrolet Silverado 1500 PU/CC RWD | 5 stars | 5 stars | 5 stars | 4 stars |
2018 Chevrolet Silverado 1500 PU/CC 4WD | 5 stars | 5 stars | 5 stars | 4 stars |
2018 Chevrolet Silverado 1500 Hybrid PU/CC RWD | 5 stars | 5 stars | 5 stars | 4 stars |
2017 Chevrolet Silverado 3500 PU/RC RWD | N/R | N/R | N/R | N/R |
2017 Chevrolet Silverado 3500 PU/RC 4WD | N/R | N/R | N/R | N/R |
2017 Chevrolet Silverado 3500 PU/EC RWD | N/R | N/R | N/R | N/R |
2017 Chevrolet Silverado 3500 PU/EC 4WD | N/R | N/R | N/R | N/R |
2017 Chevrolet Silverado 3500 PU/CC RWD | N/R | N/R | N/R | N/R |
2017 Chevrolet Silverado 3500 PU/CC 4WD | N/R | N/R | N/R | N/R |
2017 Chevrolet Silverado 2500 PU/RC RWD | 4 stars | 4 stars | 5 stars | 3 stars |
2017 Chevrolet Silverado 2500 PU/RC 4WD | 4 stars | 4 stars | 5 stars | 3 stars |
2017 Chevrolet Silverado 2500 PU/EC RWD | 4 stars | 4 stars | 5 stars | 3 stars |
2017 Chevrolet Silverado 2500 PU/EC 4WD | 4 stars | 4 stars | 5 stars | 3 stars |
2017 Chevrolet Silverado 2500 PU/CC RWD | N/R | N/R | 5 stars | 3 stars |
2017 Chevrolet Silverado 2500 PU/CC 4WD | N/R | N/R | 5 stars | 3 stars |
2017 Chevrolet Silverado 1500 PU/RC RWD | 5 stars | 5 stars | 5 stars | 4 stars |
2017 Chevrolet Silverado 1500 PU/RC 4WD | 5 stars | 5 stars | 5 stars | 4 stars |
2017 Chevrolet Silverado 1500 PU/EC RWD | 5 stars | 5 stars | 5 stars | 4 stars |
2017 Chevrolet Silverado 1500 PU/EC 4WD | 5 stars | 5 stars | 5 stars | 4 stars |
1-5 Star Rating Scale, N/R = No Rating | Source: National Highway Traffic Safety Administration |
Better crash test ratings mean cheaper insurance rates. If you’re wondering what truck has the cheapest insurance, it’s usually the one with the best safety ratings.
Chevrolet Silverado Insurance Loss Probability
A good insurance loss probability is a low one. A high insurance loss probability means insurers will charge higher rates.
Chevrolet Silverado Insurance Loss ProbabilityInsurance Coverage Category | Loss Rate |
---|---|
Collision | -24% |
Property Damage | 18% |
Comprehensive | -15% |
Personal Injury | -22% |
Medical Payment | -31% |
Bodily Injury | 25% |
Source: Insurance Institute for Highway Safety |
Most of these insurance loss probabilities are in the negative, which is great. How do safety ratings for the Chevrolet Silverado 1500 compare to similar cars?
When you’re reviewing Chevrolet Silverado 1500 car insurance information, you’ll notice that most of their safety ratings and features are desirable for consumers and insurers.
Chevrolet Silverado Compared Against Other Vehicles in the Same Class
Officially, the Chevrolet Silverado is classified as a large pickup by the Insurance Institute for Highway Safety. Other similar models include the following:
When providing you with a quote, insurance companies will consider the loss percentages of the Chevrolet Silverado as it compares to other similar models in this class.
The good news is that the Chevy Silverado reflects a property damage liability loss percentage of 13 percent and a bodily injury liability loss percentage of 4 percent. Both of these figures are considered standard for this vehicle class.
Now that we have gone into great detail about how Chevy Silverado insurance rates are calculated, is there anything we might have missed? Are you ready to find a Chevrolet car insurance company near you?
Start comparing Chevrolet Silverado quotes from multiple companies through the use of our free online tool.
References:
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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