Who Has Cheap Insurance for a Chevrolet Silverado in Florida?
The likelihood of finding cheap insurance for a Chevy Silverado in Florida relies on a whole bunch of factors such as whether you are married, where your vehicle is garaged, and the deductible amount you use. Drivers in Florida on average pay approximately $1,480 per year to insure their Silverado, but that figure is based upon a 50-year-old single female driver that purchased full coverage and $250 policy deductibles.
Chances are that rate is not what you would pay, because most likely you may not be 50 years old (or even female), maybe you are married instead of single, or you have a violation or two on your driving record. This shows why the most reliable way to find the cheapest rates for your Chevrolet is to comparison shop your policy at every renewal or at least every couple of years. In less than five minutes you will receive price comparisons from some of the best insurers in Florida.
The trim level of your Silverado will likely have an effect on the yearly cost, so the price you will pay to insure a Silverado LS Regular Cab 2WD model will be $308 cheaper than the insurance cost for the higher-priced Silverado Crew Cab Hybrid 4WD model, as demonstrated by the prices below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Silverado LS Regular Cab 2WD||$242||$438||$532||$32||$160||$1,404||$117|
|Silverado LS Regular Cab 4WD||$242||$438||$472||$28||$142||$1,322||$110|
|Silverado LT Regular Cab 2WD||$278||$532||$532||$32||$160||$1,534||$128|
|Silverado LT Regular Cab||$278||$532||$532||$32||$160||$1,534||$128|
|Silverado LS Extended Cab 4WD||$278||$532||$472||$28||$142||$1,452||$121|
|Silverado LT Extended Cab 4WD||$278||$532||$472||$28||$142||$1,452||$121|
|Silverado LT Extended Cab 2WD||$278||$532||$532||$32||$160||$1,534||$128|
|Silverado LS Extended Cab 2WD||$278||$532||$532||$32||$160||$1,534||$128|
|Silverado LT Crew Cab 4WD||$312||$628||$472||$28||$142||$1,582||$132|
|Silverado LS Crew Cab 2WD||$312||$628||$532||$32||$160||$1,664||$139|
|Silverado LS Crew Cab 4WD||$312||$628||$472||$28||$142||$1,582||$132|
|Silverado LT Crew Cab 2WD||$312||$628||$532||$32||$160||$1,664||$139|
|Silverado LTZ Extended Cab 2WD||$312||$628||$532||$32||$160||$1,664||$139|
|Silverado LTZ Extended Cab 4WD||$312||$628||$472||$28||$142||$1,582||$132|
|Silverado LTZ Crew Cab 2WD||$312||$628||$532||$32||$160||$1,664||$139|
|Silverado LTZ Crew Cab 4WD||$312||$628||$472||$28||$142||$1,582||$132|
|Silverado Crew Cab Hybrid 2WD||$312||$722||$472||$28||$142||$1,676||$140|
|Silverado Crew Cab Hybrid 4WD||$348||$722||$472||$28||$142||$1,712||$143|
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Data based on single female driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Florida minimum liability limits. Discounts applied include safe-driver, claim-free, homeowner, multi-vehicle, and multi-policy. Rate quotes do not factor in specific Florida garaging location which can lower or raise rates noticeably.
Selecting the top insurance provider can be difficult considering how many different companies there are to choose from in Florida. The ranking information shown below could help you select which providers you want to consider comparing prices from. These rankings are for large, nationwide insurance companies, so smaller companies that only insure vehicles in Florida will not be included in these rankings.
|Company||Value||Customer Service||Claims||Customer Satisfaction||A.M Best Rating||Overall Score|
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Data Source: Insure.com Best Car Insurance Companies
Impact of speeding/accidents on Florida auto insurance rates
A great way to enjoy cheap insurance for a Chevy Silverado in Florida is to be a cautious driver and avoid accidents and traffic citations. The chart below highlights how speeding tickets and at-fault fender-benders raise car insurance costs for different ages of insureds. The prices are based on a married male driver, full coverage, $100 deductibles, and no policy discounts are applied.
In the previous example, the average cost of auto insurance in Florida per year with a clean driving record and no accidents is $2,776. Get one speeding ticket and the average cost increases to $3,188, an increase of $412 each year. Then throw in one accident along with the one speeding ticket and the 12-month cost of auto insurance for a Chevy Silverado goes up to an average of $4,356. That’s an increase of $1,580, or $132 per month, just for being a little careless behind the wheel!
Get discount Florida car insurance rates
Auto insurance companies that provide cheap insurance for a Chevy Silverado in Florida may additionally offer price discounts that could lower prices by 35% or more if you are eligible to receive them. The best auto insurance companies and the discounts they provide are included below.
- State Farm has savings for passive restraint, good student, anti-theft, accident-free, good driver, driver’s education, and safe vehicle.
- GEICO may offer discounts for military active duty, emergency military deployment, federal employee, five-year accident-free, and multi-policy.
- Progressive may have discounts that include online signing, homeowner, multi-vehicle, continuous coverage, multi-policy, and good student.
- 21st Century includes discounts for homeowners, early bird, teen driver, air bags, good student, driver training, and 55 and older.
- American Family has discounts for early bird, multi-vehicle, mySafetyValet, bundled insurance, and accident-free.
- The Hartford may include discounts for defensive driver, air bag, good student, anti-theft, and bundle.
- AAA offers premium reductions for education and occupation, AAA membership discount, multi-car, pay-in-full, good student, and anti-theft.
The diagram below compares yearly insurance costs with and without discounts applied to the premium. The premiums are based on a female driver, no claims or driving citations, Florida state minimum liability limits, comprehensive and collision coverage, and $100 deductibles. The first bar for each age group shows the average rate with no discounts. The lower bar shows the rates with safe-driver, multiple vehicle, defensive driving course, anti-theft, multiple policy, and marriage discounts applied. When discounts are applied, the average yearly reduction on auto insurance for a Chevy Silverado is 28% or $743.
Is State Farm, Progressive, Allstate, or Geico cheaper?
If you want the best insurance for a Silverado pickup in Florida, four companies to take a look at are State Farm, Progressive, Allstate, and Geico. They all offer slightly different options that buyers can select from. The table below rates price, claims, and customer service ratings, as well as some optional coverages that may be available in your state.
|Handling of Claims||2nd||4th||1st||3rd|
|Market share percentage||18.3%||8.8%||10%||11.4%|
|Customers who recommend||88%||88%||86%||87%|
|A.M. Best financial rating||A++||A+||A+||A++|
|Standard & Poor’s rating||AA||AA||AA-||AA+|
|Emergency roadside service||Yes||Yes||Yes||Yes|
|New car replacement insurance||No||No||Yes||No|
|Accident forgiveness coverage||No||Yes||Yes||Yes|
|Coverage in Florida||Yes||Yes||Yes||Yes|
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How to find cheap insurance for a Chevy Silverado in Florida
The list below shows some of the recommended penny-pinching suggestions that can help Florida drivers get more affordable coverage.
- Increase physical damage deductibles
- Better credit scores save money
- On older vehicles, drop full coverage
- Do not get tickets or violations
- Buy vehicles with five-star safety ratings
- Avoid preventable accidents
- Look for cheaper rates once a year by shopping around
The last suggestion is highly significant, as we emphasized in the article above. Prices charged by auto insurers change constantly, so drivers shouldn’t be resistant to buy from a different company if you can save money.
Brand loyalty is not necessarily bad, but it isn’t a good idea if that loyalty ends up costing hundreds of dollars a year. Take a few minutes and shop around and find cheaper car insurance for a Chevy Silverado.
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