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Chevrolet Silverado Insurance Rates

Chevrolet Silverado insurance

Estimated insurance prices for a Chevrolet Silverado are $1,468 every 12 months for full coverage insurance. Comprehensive costs an estimated $306, collision costs $542, and liability is estimated at $440. A policy with only liability insurance costs approximately $510 a year, with a high-risk policy costing around $3,168. Teens pay the most at $5,504 a year or more.

Average premium for full coverage: $1,468

Premium estimates broken down by type of coverage:

Comprehensive $306
Collision $542
Liability $440

Prices are based on $500 deductible amounts, 30/60 split liability limits, and includes uninsured motorist and medical coverage. Rates include averaging for all 50 states and for all Silverado models.

Insurance Price Range by Risk and Coverage

For a driver around age 40, insurance rates for a Chevrolet Silverado go from the cheapest price of $510 for the bare minimum liability coverage to the much higher price of $3,168 for a high-risk insurance policy.

Liability Only $510
Full Coverage $1,468
High Risk $3,168

Insurance Price Range by Location

Living in a larger city can have significant affects on the price of insurance. More rural locations are statistically proven to have more infrequent physical damage claims than cities with more traffic congestion.

The example below illustrates the difference between rural and urban areas on insurance prices.

Rural Areas $1,101
Small Cities $1,541
Large Cities $1,982

These rate differences illustrate why everyone should get quotes for a targeted area and their own driving history, instead of using averaged prices.

Use the form below to get customized rates for your location.

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Additional Rate Information

The chart below illustrates estimated Chevrolet Silverado insurance rates for other coverage scenarios.

  • The cheapest rate after discounts is $853
  • Choosing higher $1,000 deductibles can save approximately $192 each year
  • The average price for a 40-year-old good driver who has $500 deductibles is $1,468
  • Selecting pricier low deductibles for comp and collision coverage increases the price to $1,840
  • Unlucky drivers with serious driving violations could pay up to $3,168 or more
  • An auto insurance policy to insure a teen driver for full coverage can cost as much as $5,504 each year

View Chart as Image

Chevrolet Silverado insurance cost comparison chart
Column chart showing full coverage Chevrolet Silverado insurance rates range from $853 to $5,504

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

Choosing higher comprehensive and collision insurance deductibles can save as much as $570 every year, whereas buying more liability protection will increase premiums. Switching from a 50/100 liability limit to a 250/500 limit will cost up to $351 extra every 12 months. View Rates by Deductible or Liability Limit

A more mature driver with no driving violations and higher deductibles may pay as little as $1,400 annually on average, or $117 per month, for full coverage. Prices are much higher for drivers in their teens, since even excellent drivers will be charged at least $5,500 a year. View Rates by Age

If you have a few violations or you were responsible for an accident, you are probably paying $1,700 to $2,400 extra annually, depending on your age. Chevrolet Silverado insurance for high-risk drivers ranges as much as 44% to 129% more than the average policy. View High Risk Driver Rates

Where you choose to live plays a big part in determining prices for Chevrolet Silverado insurance prices. A good driver about age 40 could pay as low as $960 a year in states like North Carolina, Wisconsin, and Vermont, or have to pay at least $1,980 on average in Florida, New York, and Michigan.

Chevrolet Silverado Insurance Rates by State
StatePremiumCompared to U.S. AvgPercent Difference
Alabama$1,326-$142-9.7%
Alaska$1,126-$342-23.3%
Arizona$1,218-$250-17.0%
Arkansas$1,468-$00.0%
California$1,672$20413.9%
Colorado$1,398-$70-4.8%
Connecticut$1,508$402.7%
Delaware$1,660$19213.1%
Florida$1,836$36825.1%
Georgia$1,356-$112-7.6%
Hawaii$1,052-$416-28.3%
Idaho$994-$474-32.3%
Illinois$1,092-$376-25.6%
Indiana$1,108-$360-24.5%
Iowa$992-$476-32.4%
Kansas$1,394-$74-5.0%
Kentucky$2,000$53236.2%
Louisiana$2,174$70648.1%
Maine$908-$560-38.1%
Maryland$1,212-$256-17.4%
Massachusetts$1,172-$296-20.2%
Michigan$2,548$1,08073.6%
Minnesota$1,226-$242-16.5%
Mississippi$1,760$29219.9%
Missouri$1,302-$166-11.3%
Montana$1,578$1107.5%
Nebraska$1,158-$310-21.1%
Nevada$1,760$29219.9%
New Hampshire$1,058-$410-27.9%
New Jersey$1,640$17211.7%
New Mexico$1,300-$168-11.4%
New York$1,546$785.3%
North Carolina$846-$622-42.4%
North Dakota$1,200-$268-18.3%
Ohio$1,014-$454-30.9%
Oklahoma$1,506$382.6%
Oregon$1,344-$124-8.4%
Pennsylvania$1,398-$70-4.8%
Rhode Island$1,958$49033.4%
South Carolina$1,330-$138-9.4%
South Dakota$1,238-$230-15.7%
Tennessee$1,284-$184-12.5%
Texas$1,768$30020.4%
Utah$1,084-$384-26.2%
Vermont$1,006-$462-31.5%
Virginia$878-$590-40.2%
Washington$1,132-$336-22.9%
West Virginia$1,346-$122-8.3%
Wisconsin$1,014-$454-30.9%
Wyoming$1,308-$160-10.9%

View Chart as Image

Chevrolet Silverado insurance rates by U.S. city

With such a large range in prices, the only way to figure out which insurance company is cheapest is to regularly compare prices and see which company has the best price. Each auto insurer calculates prices differently, so rate quotes will be substantially different.

Insurance Rates by Trim Level and Model Year

Chevrolet Silverado Insurance Rates by Model and Trim Level
Model and TrimAnnual PremiumMonthly Premium
LS Regular Cab 2WD$1,254$105
LS Regular Cab 4WD$1,224$102
LS Extended Cab 4WD$1,340$112
LT Extended Cab 4WD$1,340$112
LT Regular Cab 2WD$1,382$115
LT Regular Cab$1,382$115
LT Extended Cab 2WD$1,426$119
LS Extended Cab 2WD$1,426$119
LS Crew Cab 2WD$1,468$122
LT Crew Cab 4WD$1,396$116
LS Crew Cab 4WD$1,396$116
LT Crew Cab 2WD$1,468$122
LTZ Extended Cab 2WD$1,510$126
LTZ Extended Cab 4WD$1,438$120
LTZ Crew Cab 2WD$1,552$129
LTZ Crew Cab 4WD$1,480$123
Crew Cab Hybrid 2WD$1,510$126
Crew Cab Hybrid 4WD$1,550$129

Rates assume 2018 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 YearComprehensiveCollisionLiabilityTotal Premium
2018 Chevrolet Silverado$306$542$440$1,468
2017 Chevrolet Silverado$294$536$450$1,460
2016 Chevrolet Silverado$284$524$470$1,458
2015 Chevrolet Silverado$274$502$486$1,442
2014 Chevrolet Silverado$260$484$500$1,424
2013 Chevrolet Silverado$250$450$510$1,390
2012 Chevrolet Silverado$240$424$514$1,358
2011 Chevrolet Silverado$230$380$520$1,310
2010 Chevrolet Silverado$214$350$520$1,264
2009 Chevrolet Silverado$206$328$524$1,238
2008 Chevrolet Silverado$202$306$534$1,222
2007 Chevrolet Silverado$186$284$534$1,184
2006 Chevrolet Silverado$182$258$540$1,160
2005 Chevrolet Silverado$170$236$534$1,120
2004 Chevrolet Silverado$160$214$534$1,088
2003 Chevrolet Silverado$154$192$530$1,056
2002 Chevrolet Silverado$152$188$520$1,040
2001 Chevrolet Silverado$150$178$510$1,018
2000 Chevrolet Silverado$138$170$504$992
1999 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 Affordable Chevrolet Silverado Insurance

Finding better rates on car insurance takes having a good driving record, maintaining a good credit score, paying for small claims out-of-pocket, and not having any coverage lapses. Set aside time to compare rates at least every other year by getting rate quotes from direct insurance companies, and also from insurance agencies where you live.

The next list is a brief review of the car insurance concepts covered above.

  • Higher risk drivers with DUI or reckless driving convictions could be forced to pay on average $1,700 more annually to buy Chevrolet Silverado insurance
  • It is possible to save approximately $170 per year simply by quoting online well ahead of the renewal date
  • Increasing policy deductibles could save as much as $575 each year
  • Policyholders who want increased levels of liability coverage will pay approximately $480 annually to raise limits from 30/60 bodily injury limits to a 250/500 level

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Rates by Driver Age

Chevrolet Silverado Insurance Rates by Driver Age
Driver AgePremium
16$5,504
20$3,382
30$1,526
40$1,468
50$1,340
60$1,316

Full coverage, $500 deductibles

Rates by Deductible

Chevrolet Silverado Insurance Rates with Different Deductibles
DeductiblePremium
$100$1,840
$250$1,668
$500$1,468
$1,000$1,276

Full coverage, driver age 40

Rates by Liability Limit

Chevrolet Silverado Insurance Rates with Different Liability Limits
Liability LimitPremium
30/60$1,468
50/100$1,628
100/300$1,726
250/500$1,979
100 CSL$1,667
300 CSL$1,882
500 CSL$2,038

Full coverage, driver age 40

Rates for High Risk Drivers

Chevrolet Silverado Insurance Rates for High Risk Drivers
AgePremium
16$7,842
20$5,374
30$3,232
40$3,168
50$3,022
60$2,994

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 $202

Potential Rate Discounts

If you qualify for discounts, you may save the amounts shown below.

DiscountSavings
Multi-policy$77
Multi-vehicle$76
Homeowner$22
5-yr Accident Free$106
5-yr Claim Free$94
Paid in Full/EFT$66
Advance Quote$71
Online Quote$103
Total Discounts$615
Rate after discounts $853

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

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