Chevrolet Silverado EV Insurance Rates
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Dani Best
Licensed Insurance Producer
Dani Best has been a licensed insurance producer for nearly 10 years. Dani began her insurance career in a sales role with State Farm in 2014. During her time in sales, she graduated with her Bachelors in Psychology from Capella University and is currently earning her Masters in Marriage and Family Therapy. Since 2014, Dani has held and maintains licenses in Life, Disability, Property, and Casualt...
Licensed Insurance Producer
UPDATED: Mar 28, 2024
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Estimated auto insurance rates for a Chevrolet Silverado EV are $1,814 annually for full coverage. Comprehensive costs an estimated $384, collision costs $810, and liability insurance costs $440. A policy with only liability insurance costs as little as $510 a year, with a high-risk policy costing around $3,958. Teen drivers pay the most at $6,676 a year or more.
Average premium for full coverage: $1,814
Premium estimates broken down by type of coverage:
These estimates include $500 physical damage deductibles, liability limits of 30/60, and includes medical and uninsured motorist coverage. Rates include averaging for all states and for all Silverado EV models.
Insurance Price Range by Risk and Coverage
For the average driver, insurance rates for a Chevrolet Silverado EV go from as cheap as $510 for just liability coverage to the much higher price of $3,958 for a driver that may need high-risk insurance.
Insurance Price Range by Location
Your location has a significant impact on insurance rates. More rural locations are statistically proven to have fewer accident claims than larger metro areas.
The example below illustrates how location impacts insurance prices.
These rate differences show why everyone should compare rates for a targeted area and their own personal driving habits, rather than relying on price 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.
Detailed Rate Analysis
The chart below shows estimated Chevrolet Silverado EV insurance rates for other coverage scenarios.
- The lowest rate with discounts is $1,018
- Drivers who choose higher $1,000 deductibles will pay approximately $270 a year
- The estimated rate for a 40-year-old good driver who has $500 deductibles is $1,814
- Choosing pricier low deductibles for comprehensive and collision insurance will cost $2,348
- High risk drivers with multiple violations and an at-fault accident could pay up to $3,958 or more
- An auto insurance policy with full coverage for a teen driver for full coverage can cost as much as $6,676 a year
Car insurance prices for a Chevrolet Silverado EV also have a wide range based on the model of your Silverado EV, your driver profile, and liability limits and deductibles.
A more mature driver with no driving violations and high physical damage deductibles could pay as little as $1,700 per year on average, or $142 per month, for full coverage. Prices are highest for drivers in their teens, where even without any violations or accidents they will be charged at least $6,600 a year. View Rates by Age
If you have a few violations or you caused a few accidents, you could be paying $2,200 to $2,900 extra annually, depending on your age. Chevrolet Silverado EV insurance for high-risk drivers can cost anywhere from 43% to 135% more than average. View High Risk Driver Rates
Choosing high deductibles could save up to $810 each year, whereas buying more liability protection will increase premiums. Going from a 50/100 bodily injury limit to a 250/500 limit will cost up to $396 extra every 12 months. View Rates by Deductible or Liability Limit
Where you choose to live makes a big difference in Chevrolet Silverado EV insurance rates. A 40-year-old driver could pay as low as $1,200 a year in states like Iowa, Maine, and Idaho, or as much as $2,590 on average in New York, Louisiana, and Michigan.
| State | Premium | Compared to U.S. Avg | Percent Difference |
|---|---|---|---|
| Alabama | $1,640 | -$174 | -9.6% |
| Alaska | $1,394 | -$420 | -23.2% |
| Arizona | $1,508 | -$306 | -16.9% |
| Arkansas | $1,814 | -$0 | 0.0% |
| California | $2,068 | $254 | 14.0% |
| Colorado | $1,732 | -$82 | -4.5% |
| Connecticut | $1,864 | $50 | 2.8% |
| Delaware | $2,054 | $240 | 13.2% |
| Florida | $2,270 | $456 | 25.1% |
| Georgia | $1,676 | -$138 | -7.6% |
| Hawaii | $1,302 | -$512 | -28.2% |
| Idaho | $1,230 | -$584 | -32.2% |
| Illinois | $1,350 | -$464 | -25.6% |
| Indiana | $1,370 | -$444 | -24.5% |
| Iowa | $1,226 | -$588 | -32.4% |
| Kansas | $1,724 | -$90 | -5.0% |
| Kentucky | $2,476 | $662 | 36.5% |
| Louisiana | $2,688 | $874 | 48.2% |
| Maine | $1,122 | -$692 | -38.1% |
| Maryland | $1,498 | -$316 | -17.4% |
| Massachusetts | $1,450 | -$364 | -20.1% |
| Michigan | $3,152 | $1,338 | 73.8% |
| Minnesota | $1,518 | -$296 | -16.3% |
| Mississippi | $2,176 | $362 | 20.0% |
| Missouri | $1,612 | -$202 | -11.1% |
| Montana | $1,952 | $138 | 7.6% |
| Nebraska | $1,432 | -$382 | -21.1% |
| Nevada | $2,178 | $364 | 20.1% |
| New Hampshire | $1,310 | -$504 | -27.8% |
| New Jersey | $2,030 | $216 | 11.9% |
| New Mexico | $1,606 | -$208 | -11.5% |
| New York | $1,914 | $100 | 5.5% |
| North Carolina | $1,046 | -$768 | -42.3% |
| North Dakota | $1,488 | -$326 | -18.0% |
| Ohio | $1,254 | -$560 | -30.9% |
| Oklahoma | $1,864 | $50 | 2.8% |
| Oregon | $1,662 | -$152 | -8.4% |
| Pennsylvania | $1,730 | -$84 | -4.6% |
| Rhode Island | $2,422 | $608 | 33.5% |
| South Carolina | $1,644 | -$170 | -9.4% |
| South Dakota | $1,532 | -$282 | -15.5% |
| Tennessee | $1,588 | -$226 | -12.5% |
| Texas | $2,186 | $372 | 20.5% |
| Utah | $1,342 | -$472 | -26.0% |
| Vermont | $1,244 | -$570 | -31.4% |
| Virginia | $1,086 | -$728 | -40.1% |
| Washington | $1,402 | -$412 | -22.7% |
| West Virginia | $1,666 | -$148 | -8.2% |
| Wisconsin | $1,254 | -$560 | -30.9% |
| Wyoming | $1,616 | -$198 | -10.9% |
With such a large range in prices, the only way to know which insurance company is cheapest is to regularly compare prices from as many companies as possible. Every company uses a different rate calculation, so rate quotes will be substantially different between companies.
| Model Year | Comprehensive | Collision | Liability | Total Premium |
|---|---|---|---|---|
| 2024 Chevrolet Silverado EV | $384 | $810 | $440 | $1,814 |
| 2023 Chevrolet Silverado EV | $370 | $804 | $450 | $1,804 |
Rates are averaged for all Chevrolet Silverado EV 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 EV Insurance
Finding better rates on Chevrolet Silverado EV insurance not only requires being a safe and courteous driver, but also having a good credit score, not filing small claims, and not having any coverage lapses. Spend time shopping around once a year by getting rate quotes from direct carriers, and also from local exclusive and independent agents.
Below is a brief summary of the data that was touched on above.
- Drivers can save approximately $230 per year simply by quoting online well ahead of the renewal date
- Drivers who want higher levels of liability will pay about $480 each year to go from 30/60 bodily injury limits to higher 250/500 limits
- Teenage drivers have the highest car insurance prices, as much as $556 per month if comprehensive and collision insurance is included
- High-risk drivers that tend to have accidents or serious violations may pay on average $2,140 more annually for auto insurance
Rate Tables and Charts
Rates by Driver Age
| Driver Age | Premium |
|---|---|
| 16 | $6,676 |
| 20 | $4,236 |
| 30 | $1,908 |
| 40 | $1,814 |
| 50 | $1,656 |
| 60 | $1,628 |
Full coverage, $500 deductibles
Rates by Deductible
| Deductible | Premium |
|---|---|
| $100 | $2,348 |
| $250 | $2,100 |
| $500 | $1,814 |
| $1,000 | $1,544 |
Full coverage, driver age 40
Rates by Liability Limit
| Liability Limit | Premium |
|---|---|
| 30/60 | $1,814 |
| 50/100 | $1,902 |
| 100/300 | $2,012 |
| 250/500 | $2,298 |
| 100 CSL | $1,946 |
| 300 CSL | $2,188 |
| 500 CSL | $2,364 |
Full coverage, driver age 40
Rates for High Risk Drivers
| Age | Premium |
|---|---|
| 16 | $9,576 |
| 20 | $6,746 |
| 30 | $4,058 |
| 40 | $3,958 |
| 50 | $3,776 |
| 60 | $3,746 |
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 | $98 |
| Multi-vehicle | $96 |
| Homeowner | $25 |
| 5-yr Accident Free | $143 |
| 5-yr Claim Free | $119 |
| Paid in Full/EFT | $90 |
| Advance Quote | $94 |
| Online Quote | $131 |
| Total Discounts | $796 |
Discounts are estimated and may not be available from every company or in every state.
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