1. Vehicles
  2. Chevrolet
  3. Silverado

Chevrolet Silverado Insurance Rates

Enter your zip code below to view companies that have cheap auto insurance rates.

Jeffrey Johnson graduated summa cum laude from the University of Baltimore School of Law and has worked in legal offices and nonprofits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman University and worked in film, education, and publishing. His professional writing has appeared on sites like The Manifest and Vice, and he is the author of a novel ...

Full Bio →

Written by

UPDATED: Apr 9, 2020

Advertiser Disclosure

It’s all about you. We want to help you make the right coverage choices.

Advertiser Disclosure: We strive to help you make confident car insurance decisions. Comparison shopping should be easy. We are not affiliated with any one car insurance provider and cannot guarantee quotes from any single provider.

Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.

Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.

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.

The average insurance rates for a Chevrolet Silverado are $1,468 a year with full coverage. Comprehensive costs approximately $306 each year, collision costs $542, and liability is $440. A liability-only policy costs around $510 a year, with high-risk insurance costing around $3,168. 16-year-old drivers cost the most to insure at $5,504 a year or more.

Average premium for full coverage: $1,468

Policy rates by type of insurance:

Comprehensive $306
Collision $542
Liability $440

Prices are based on $500 deductibles, 30/60 split liability limits, and includes uninsured motorist coverage. Prices are averaged for all U.S. states and Silverado models.

Price Range Variability

For a driver around age 40, Chevrolet Silverado insurance rates go from as low as $510 for only liability insurance to a high rate of $3,168 for a high-risk insurance policy.

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

Urban vs. Rural Price Range

Choosing to live in a large city can make a big difference on the price of insurance. Rural locations are shown to have a lower frequency of collision claims than congested cities.

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

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

The examples above demonstrate why all drivers should compare rates quotes using their specific location and risk profile, 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.

Insurance Rate Analysis

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 details estimated Chevrolet Silverado insurance rates for additional coverage and risk scenarios.

  • The best full coverage rate is $853
  • Raising to $1,000 deductibles will save $192 annually
  • The average rate for a good driver age 40 who chooses $500 deductibles is $1,468
  • Buying low deductibles will increase the cost to $1,840
  • Drivers with multiple tickets or accidents could pay around $3,168 or more
  • Policy cost for full coverage for a 16-year-old driver can cost $5,504

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 rates for a Chevrolet Silverado also range considerably based on your risk profile, the trim level and model year, and physical damage deductibles and liability limits.

More mature drivers with no driving violations and high deductibles may pay as low as $1,400 every 12 months on average, or $117 per month, for full coverage. Rates are highest for teenagers, where even good drivers will be charged in the ballpark of $5,500 a year. View Rates by Age

Your home state also has a big influence on Chevrolet Silverado insurance prices. A middle-age driver might find rates as low as $1,060 a year in states like Utah, Ohio, and New Hampshire, or at least $1,980 on average in New York, Michigan, and Florida.

Chevrolet Silverado Insurance Rates by State
State Premium Compared to U.S. Avg Percent Difference
Alabama $1,326 -$142 -9.7%
Alaska $1,126 -$342 -23.3%
Arizona $1,218 -$250 -17.0%
Arkansas $1,468 -$0 0.0%
California $1,672 $204 13.9%
Colorado $1,398 -$70 -4.8%
Connecticut $1,508 $40 2.7%
Delaware $1,660 $192 13.1%
Florida $1,836 $368 25.1%
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 $532 36.2%
Louisiana $2,174 $706 48.1%
Maine $908 -$560 -38.1%
Maryland $1,212 -$256 -17.4%
Massachusetts $1,172 -$296 -20.2%
Michigan $2,548 $1,080 73.6%
Minnesota $1,226 -$242 -16.5%
Mississippi $1,760 $292 19.9%
Missouri $1,302 -$166 -11.3%
Montana $1,578 $110 7.5%
Nebraska $1,158 -$310 -21.1%
Nevada $1,760 $292 19.9%
New Hampshire $1,058 -$410 -27.9%
New Jersey $1,640 $172 11.7%
New Mexico $1,300 -$168 -11.4%
New York $1,546 $78 5.3%
North Carolina $846 -$622 -42.4%
North Dakota $1,200 -$268 -18.3%
Ohio $1,014 -$454 -30.9%
Oklahoma $1,506 $38 2.6%
Oregon $1,344 -$124 -8.4%
Pennsylvania $1,398 -$70 -4.8%
Rhode Island $1,958 $490 33.4%
South Carolina $1,330 -$138 -9.4%
South Dakota $1,238 -$230 -15.7%
Tennessee $1,284 -$184 -12.5%
Texas $1,768 $300 20.4%
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

Opting for high physical damage deductibles can reduce rates by up to $570 annually, whereas increasing liability limits will push rates upward. Moving from a 50/100 limit to a 250/500 limit will raise rates by up to $351 extra every 12 months. View Rates by Deductible or Liability Limit

If you have a few points on your driving record or tend to cause accidents, you may be forking out anywhere from $1,700 to $2,400 extra every year, depending on your age. Insurance for high-risk drivers is expensive and can cost from 44% to 129% more than the average rate. View High Risk Driver Rates

Because rates have so much variability, the best way to find out who has the cheapest auto insurance rates is to do a rate comparison from multiple companies. Every auto insurance company utilizes a different rate formula, so rate quotes will be varied from one company to the next.

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 $1,254 $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 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 $306 $542 $440 $1,468
2019 Chevrolet Silverado $294 $536 $450 $1,460
2018 Chevrolet Silverado $284 $524 $470 $1,458
2017 Chevrolet Silverado $274 $502 $486 $1,442
2016 Chevrolet Silverado $260 $484 $500 $1,424
2015 Chevrolet Silverado $250 $450 $510 $1,390
2014 Chevrolet Silverado $240 $424 $514 $1,358
2013 Chevrolet Silverado $230 $380 $520 $1,310
2012 Chevrolet Silverado $214 $350 $520 $1,264
2011 Chevrolet Silverado $206 $328 $524 $1,238
2010 Chevrolet Silverado $202 $306 $534 $1,222
2009 Chevrolet Silverado $186 $284 $534 $1,184
2008 Chevrolet Silverado $182 $258 $540 $1,160
2007 Chevrolet Silverado $170 $236 $534 $1,120
2006 Chevrolet Silverado $160 $214 $534 $1,088
2005 Chevrolet Silverado $154 $192 $530 $1,056
2004 Chevrolet Silverado $152 $188 $520 $1,040
2003 Chevrolet Silverado $150 $178 $510 $1,018
2002 Chevrolet Silverado $138 $170 $504 $992
2001 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 Find Affordable Chevrolet Silverado Insurance

Finding cheaper rates on insurance for a Chevrolet Silverado consists of being a safe driver, having above-average credit, not filing small claims, and avoiding coverage lapses. Set aside time to compare rates at least every other year by getting rate quotes from direct companies like GEICO, Progressive, and Esurance, and also from several local insurance agents.

Here is a brief review of the car insurance concepts covered above.

  • Drivers considered higher risk with DUI or reckless driving convictions pay on average $1,700 more per year for insurance
  • You may be able to save around $170 per year simply by quoting online in advance
  • Increasing comprehensive and collision deductibles can save around $575 each year
  • Insureds who purchase more liability insurance will pay around $480 every year to raise from a 30/60 limit to 250/500 limits

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.

Free Car Insurance Comparison

Compare Quotes From Top Companies and Save

 Secured with SHA-256 Encryption

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
Get Your Rates Quote Now

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
Get Your Rates Quote Now

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 $5,504
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
Deductible Premium
$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 Limit Premium
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
Age Premium
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.

Discount Savings
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.

Compare Rates and Save

Find companies with the cheapest rates in your area

Free Auto Insurance Comparison

Enter your zip code below to view companies that have cheap auto insurance rates.

 Secured with SHA-256 Encryption

You May Also Enjoy These Articles