Chevrolet Silverado Insurance Rates

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Jeffrey Johnson

Insurance Lawyer

Jeffrey Johnson is a legal writer with a focus on personal injury. He has worked on personal injury and sovereign immunity litigation in addition to experience in family, estate, and criminal law. He earned a J.D. from the University of Baltimore and has worked in legal offices and non-profits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman Univer...

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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.

Estimated insurance prices for a Chevrolet Silverado are $1,442 every 12 months for full coverage. Comprehensive insurance costs around $274 a year, collision insurance costs $502, and liability is $486. A policy with only liability insurance costs around $548 a year, and a high-risk policy costs $3,122 or more. Teens pay the most at up to $5,516 a year.

Average premium for full coverage: $1,442

Premium estimates for type of coverage:

Comprehensive $274
Collision $502
Liability $486

Rate estimates include $500 policy deductibles, 30/60 split liability limits, and includes medical and UM/UIM coverage. Rates include averaging for all states and Silverado trim levels.

Insurance Price Range by Risk and Coverage

For an average driver, insurance rates for a Chevrolet Silverado range from the cheapest price of $548 for just liability insurance to a high of $3,122 for a high-risk insurance policy.

Liability Only $548
Full Coverage $1,442
High Risk $3,122

Insurance Price Range by Location

Choosing to live in a large city can have significant affects on auto insurance rates. Areas with sparse population are statistically proven to have more infrequent accident claims than cities with more traffic congestion. The diagram below illustrates the effect of geographic area on auto insurance rates.

Rural Areas $1,082
Small Cities $1,514
Large Cities $1,947

These rate differences show why it is important to compare rates quotes for a specific zip code and their own driving history, instead of using 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 shows average 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 a year
  • The average price for a 40-year-old good driver using $500 deductibles is $1,442
  • Selecting low $100 deductibles costs an extra $342 every year
  • At-risk drivers with serious driving violations could pay at least $3,122
  • An auto insurance policy to insure a teen driver can be $5,516

View Chart as Image

Chevrolet Silverado insurance cost comparison chart
Column chart showing Chevrolet Silverado insurance prices range from $837 to $5,516 for full coverage

Car insurance prices for a Chevrolet Silverado also have a wide range based on physical damage deductibles and liability limits, your driver profile, and the trim level and model year.

Choosing higher comprehensive and collision insurance deductibles can reduce prices by up to $520 every year, while buying higher liability limits will increase prices. Going from a 50/100 liability limit to a 250/500 limit will cost up to $387 extra every 12 months. View Rates by Deductible or Liability Limit

Older drivers with no driving violations and higher deductibles may pay as little as $1,300 every 12 months on average, or $108 per month, for full coverage. Prices are much higher for drivers in their teens, since even excellent drivers will be charged as much as $5,500 a year. View Rates by Age

If you have a few violations or you were responsible for an accident, you could be paying at least $1,700 to $2,400 extra annually, depending on your age. A high-risk auto insurance policy is expensive and can cost as much as 44% to 131% more than the average policy. View High Risk Driver Rates

Where you choose to live also has a big influence on Chevrolet Silverado insurance prices. A middle-age driver might find prices as low as $950 a year in states like Idaho, Maine, and Iowa, or have to pay at least $2,050 on average in Michigan, Louisiana, and New York.

Chevrolet Silverado Insurance Rates by State
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%

View Chart as Image

Chevrolet Silverado insurance rates by U.S. city

Insurance Rates by Trim Level and Model Year

Chevrolet Silverado Insurance Rates by Model and Trim Level
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 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.

Chevrolet Silverado Insurance Rates by Model Year
Model Year Comprehensive Collision Liability Total Premium
2020 Chevrolet Silverado $274 $502 $486 $1,442
2018 Chevrolet Silverado $250 $450 $510 $1,390
2017 Chevrolet Silverado $240 $424 $514 $1,358
2016 Chevrolet Silverado $230 $380 $520 $1,310
2015 Chevrolet Silverado $214 $350 $520 $1,264
2014 Chevrolet Silverado $206 $328 $524 $1,238
2013 Chevrolet Silverado $202 $306 $534 $1,222
2012 Chevrolet Silverado $186 $284 $534 $1,184
2011 Chevrolet Silverado $182 $258 $540 $1,160
2010 Chevrolet Silverado $170 $236 $534 $1,120
2009 Chevrolet Silverado $160 $214 $534 $1,088
2008 Chevrolet Silverado $154 $192 $530 $1,056
2007 Chevrolet Silverado $152 $188 $520 $1,040
2006 Chevrolet Silverado $150 $178 $510 $1,018
2005 Chevrolet Silverado $138 $170 $504 $992
2004 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 Shop for the Best Chevrolet Silverado Insurance

Finding better rates on car insurance consists of being safe and accident-free, maintaining a good credit score, not filing small claims, and consideration of higher deductibles. Take the time to compare rates at least every other year by getting quotes from direct carriers, and also from local exclusive and independent agents.

Below you'll find a brief recap of the car insurance concepts covered in the above illustrations.

  • Higher risk drivers who tend to receive serious violations may pay on average $1,680 more every year than a low-risk driver
  • Drivers can save up to $170 per year just by quoting early and online
  • Increasing policy deductibles could save as much as $525 each year
  • Policyholders who may need more liability protection will pay approximately $540 each year to raise from 30/60 bodily injury limits to a 250/500 level

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 Ratings 
Vehicle TestedOverallFrontalSideRollover
2020 Chevrolet Silverado 2500 PU/RC 4WDN/RN/RN/RN/R
2020 Chevrolet Silverado 2500 PU/RC 2WDN/RN/RN/RN/R
2020 Chevrolet Silverado 2500 PU/EC 4WDN/RN/RN/RN/R
2020 Chevrolet Silverado 2500 PU/EC 2WDN/RN/RN/RN/R
2020 Chevrolet Silverado 2500 PU/CC 4WDN/RN/RN/RN/R
2020 Chevrolet Silverado 2500 PU/CC 2WDN/RN/RN/RN/R
2020 Chevrolet Silverado 1500 PU/RC 4WD4 stars4 stars5 stars4 stars
2020 Chevrolet Silverado 1500 PU/RC 2WD4 stars4 stars5 stars4 stars
2020 Chevrolet Silverado 1500 PU/EC 4WD4 stars4 stars5 stars4 stars
2020 Chevrolet Silverado 1500 PU/EC 2WD4 stars4 stars5 stars4 stars
2020 Chevrolet Silverado 1500 PU/CC 4WD4 stars4 stars5 stars4 stars
2020 Chevrolet Silverado 1500 PU/CC 2WD4 stars4 stars5 stars4 stars
2019 Chevrolet Silverado 3500 PU/RC RWDN/RN/RN/RN/R
2019 Chevrolet Silverado 3500 PU/RC 4WDN/RN/RN/RN/R
2019 Chevrolet Silverado 3500 PU/CC RWDN/RN/RN/RN/R
2019 Chevrolet Silverado 3500 PU/CC 4WDN/RN/RN/RN/R
2019 Chevrolet Silverado 2500 PU/RC RWD4 stars3 stars5 stars3 stars
2019 Chevrolet Silverado 2500 PU/RC 4WD4 stars3 stars5 stars3 stars
2019 Chevrolet Silverado 2500 PU/EC RWD4 stars3 stars5 stars3 stars
2019 Chevrolet Silverado 2500 PU/EC 4WD4 stars3 stars5 stars3 stars
2019 Chevrolet Silverado 2500 PU/CC RWD4 stars4 stars5 stars3 stars
2019 Chevrolet Silverado 2500 PU/CC 4WD4 stars4 stars5 stars3 stars
2019 Chevrolet Silverado 1500 PU/RC RWD4 stars4 stars5 stars4 stars
2019 Chevrolet Silverado 1500 PU/RC 4WD4 stars4 stars5 stars4 stars
2019 Chevrolet Silverado 1500 PU/EC RWD4 stars4 stars5 stars4 stars
2019 Chevrolet Silverado 1500 PU/EC 4WD4 stars4 stars5 stars4 stars
2019 Chevrolet Silverado 1500 PU/CC RWD4 stars4 stars5 stars4 stars
2019 Chevrolet Silverado 1500 PU/CC 4WD4 stars4 stars5 stars4 stars
2019 Chevrolet Silverado 1500 LD PU/EC RWD4 stars4 stars5 stars4 stars
2019 Chevrolet Silverado 1500 LD PU/EC 4WD4 stars4 stars5 stars4 stars
2018 Chevrolet Silverado 3500 PU/RC RWDN/RN/RN/RN/R
2018 Chevrolet Silverado 3500 PU/RC 4WDN/RN/RN/RN/R
2018 Chevrolet Silverado 3500 PU/EC RWDN/RN/RN/RN/R
2018 Chevrolet Silverado 3500 PU/EC 4WDN/RN/RN/RN/R
2018 Chevrolet Silverado 3500 PU/CC RWDN/RN/RN/RN/R
2018 Chevrolet Silverado 3500 PU/CC 4WDN/RN/RN/RN/R
2018 Chevrolet Silverado 2500 PU/RC RWD4 stars4 stars5 stars3 stars
2018 Chevrolet Silverado 2500 PU/RC 4WD4 stars4 stars5 stars3 stars
2018 Chevrolet Silverado 2500 PU/EC RWD4 stars4 stars5 stars3 stars
2018 Chevrolet Silverado 2500 PU/EC 4WD4 stars4 stars5 stars3 stars
2018 Chevrolet Silverado 2500 PU/CC RWD4 stars4 stars5 stars3 stars
2018 Chevrolet Silverado 2500 PU/CC 4WD4 stars4 stars5 stars3 stars
2018 Chevrolet Silverado 1500 PU/RC RWD5 stars5 stars5 stars4 stars
2018 Chevrolet Silverado 1500 PU/RC 4WD5 stars5 stars5 stars4 stars
2018 Chevrolet Silverado 1500 PU/EC RWD5 stars5 stars5 stars4 stars
2018 Chevrolet Silverado 1500 PU/EC 4WD5 stars5 stars5 stars4 stars
2018 Chevrolet Silverado 1500 PU/CC RWD5 stars5 stars5 stars4 stars
2018 Chevrolet Silverado 1500 PU/CC 4WD5 stars5 stars5 stars4 stars
2018 Chevrolet Silverado 1500 Hybrid PU/CC RWD5 stars5 stars5 stars4 stars
2017 Chevrolet Silverado 3500 PU/RC RWDN/RN/RN/RN/R
2017 Chevrolet Silverado 3500 PU/RC 4WDN/RN/RN/RN/R
2017 Chevrolet Silverado 3500 PU/EC RWDN/RN/RN/RN/R
2017 Chevrolet Silverado 3500 PU/EC 4WDN/RN/RN/RN/R
2017 Chevrolet Silverado 3500 PU/CC RWDN/RN/RN/RN/R
2017 Chevrolet Silverado 3500 PU/CC 4WDN/RN/RN/RN/R
2017 Chevrolet Silverado 2500 PU/RC RWD4 stars4 stars5 stars3 stars
2017 Chevrolet Silverado 2500 PU/RC 4WD4 stars4 stars5 stars3 stars
2017 Chevrolet Silverado 2500 PU/EC RWD4 stars4 stars5 stars3 stars
2017 Chevrolet Silverado 2500 PU/EC 4WD4 stars4 stars5 stars3 stars
2017 Chevrolet Silverado 2500 PU/CC RWDN/RN/R5 stars3 stars
2017 Chevrolet Silverado 2500 PU/CC 4WDN/RN/R5 stars3 stars
2017 Chevrolet Silverado 1500 PU/RC RWD5 stars5 stars5 stars4 stars
2017 Chevrolet Silverado 1500 PU/RC 4WD5 stars5 stars5 stars4 stars
2017 Chevrolet Silverado 1500 PU/EC RWD5 stars5 stars5 stars4 stars
2017 Chevrolet Silverado 1500 PU/EC 4WD5 stars5 stars5 stars4 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 Probability
Insurance Coverage CategoryLoss Rate
Collision-24%
Property Damage18%
Comprehensive-15%
Personal Injury-22%
Medical Payment-31%
Bodily Injury25%
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: 

  1. https://www.iihs.org/ratings/vehicle/Chevrolet/silverado-1500-crew-cab-pickup/2020
  2. https://www.nhtsa.gov/ratings

Rates by Driver Age

Chevrolet Silverado Insurance 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

Chevrolet Silverado Insurance Rates with Different Deductibles
Deductible Premium
$100 $1,784
$250 $1,626
$500 $1,442
$1,000 $1,266

Full coverage, driver age 40

Rates by Liability Limit

Chevrolet Silverado Insurance Rates with Different Liability Limits
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

Chevrolet Silverado Insurance 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.

SR-22 Surcharge $201

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
Rate after discounts $837

Discounts are estimated and may not be available from every company or in every state.

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