Cheapest 2018 Chevrolet Silverado 1500 Insurance Rates in 2024

How much is a 2018 Chevy Silverado to insure? 2018 Chevrolet Silverado insurance rates amount to $1,460 a year, or about $122 every month for full coverage. 

While there are several elements that influence your own 2018 Chevy Silverado cost, some of the most important include your age, location, and personal driving record. We are going to explore all of these relevant details in this article so you can shop for a policy with confidence.

Trying to find the cheapest insurance coverage rates for your Chevrolet Silverado 1500? Price shopping for your insurance coverage is kind of frustrating for beginners to online rate comparisons. There are so many options available that it can easily be more work than you anticipated to lower your prices.

It’s important to do rate comparisons periodically because insurance prices go up and down regularly. Despite the fact that you may have had the best rates on Silverado coverage six months ago a different company probably has better rate quotes today. Block out anything you think you know about insurance coverage because we’re going to demonstrate the right way to save money, get proper deductibles and limits, all at the lowest rate.

If you are paying for car insurance now, you stand a good chance to be able to save some money using these tips. This information will introduce you to how to effectively get price quotes. Although consumers do need to know how companies compete online because it can help you find the best coverage.

Ready to find the best Chevy Silverado 2018 cost? You can start comparing 2018 Chevrolet Silverado car insurance quotes from multiple companies by taking advantage of our free online tool.

Smart consumers can reduce their insurance rates

The best way to find cheap Chevrolet Silverado auto insurance is to take a look at some of the things that help determine your auto insurance rates. When you understand what positively or negatively impacts your premiums, this allows you to make educated decisions that could result in better Chevrolet Silverado auto insurance rates. Many factors are considered when premium rates are determined. Most are fairly basic like an MVR report, although some other factors are not quite as obvious like where you live or how financially stable you are.

• Keep auto insurance rates low by being claim-free – Insurance companies provide the best rates to people who do not file claims often. If you’re an insured who likes to file claims you can pretty much guarantee higher premiums or even policy non-renewal. Your insurance policy is meant to be used in the event of claims that pose a financial burden.
• High premiums for teenage drivers – Youthful drivers are statistically shown to be more careless in a vehicle and because of this, their auto insurance rates are much higher. More mature drivers are shown to be more cautious, file fewer claims, and tend to get fewer driving tickets.
• Never have policy lapses – Driving your car without having proper coverage can get your license suspended and auto insurance companies will penalize you for letting your coverage have a gap. Not only will you pay higher rates, the inability to provide proof of insurance might get you a fine, jail time, or a revoked license.
• How many miles do you drive? – The higher the miles on your Chevy in a year the more it will cost to insure it. The majority of insurers calculate rates based on how the vehicle is used. Autos used primarily for pleasure use cost less to insure as compared to vehicles used primarily for driving to work. An incorrect rating for your Silverado 1500 may be costing you. It’s a good idea to make sure your vehicle rating correctly shows the correct usage for each vehicle because it can save money.

How to buy Chevrolet Silverado car insurance online

Most larger insurance companies such as Progressive, Allstate, and GEICO provide prices for coverage directly from their websites. This process can be done by anyone as you simply type in your personal and coverage information into the form. After you complete the form, their quoting system orders reports for credit and driving violations and returns a price based on the information you submitted.

Online quotes help simplify price comparisons, but the time required to go to each company’s website and repetitively type in your information is not the best way to spend an afternoon. But it’s absolutely necessary to get many rate quotes in order to find better car insurance pricing.

The quickest way to lower your rates makes use of a single form to get prices from many companies. This type of form saves time, requires less work, and makes online quotes much more efficient. Once the form is submitted, it gets priced and you can choose your choice of the returned quotes. If a lower price is quoted, it’s easy to complete the application and purchase coverage. The entire process only takes a few minutes and can result in significant savings.

If you want to get comparison pricing now, simply click here to open in new window and begin entering your coverage information. If you have a policy now, it’s recommended you replicate the limits and deductibles identical to your current policy. Doing this assures you are getting an apples-to-apples comparison using the exact same coverages.

These discounts can lower your insurance coverage rates

Chevrolet Silverado auto insurance companies don’t list every available discount very clearly, so the list below contains a few of the more well known in addition to some of the lesser obvious discounts that you may qualify for.

• Theft Deterrent – Cars equipped with tracking devices and advanced anti-theft systems are less likely to be stolen and will qualify for a discount on an auto insurance quote.
• Payment Discounts – By making one initial payment instead of paying each month you could save 5% or more.
• Onboard Data Collection – Drivers that enable data collection to analyze driving patterns by using a telematics device in their vehicles such as Progressive’s Snapshot and State Farm’s In-Drive might see lower rates if they show good driving skills.
• Safety Course Discount – Passing a course that instructs on driving safety could cut 5% off your bill and make you a better driver.
• Sign Early and Save – Some insurance companies give discounts for buying a policy prior to your current policy expiring. It’s a savings of about 10%.
• Cautious Driver Discounts – Insureds without accidents can save as much as half off their rates on Silverado coverage than drivers with accidents.
• Discounts for New Vehicles – Buying a new car model can cost up to 25% less because new vehicles have to meet stringent safety requirements.
• Sign Online – Some of the larger companies give back up to $50 for completing your application on the web.
• Low Mileage Discounts – Low annual miles can qualify you for substantially lower insurance coveragerates.
• Government Employee Discount – Active or retired federal employment may reduce rates when you quote auto insurance on Silverado coverage with select insurance companies.

Consumers should know that most credits do not apply to the entire cost. Most cut the cost of specific coverages such as comprehensive or collision. So even though it sounds like it’s possible to get free car insurance, it doesn’t quite work that way.

Large insurance coverage companies and some of the premium reductions they offer can be read below.

• Progressive has savings for multi-policy, online signing, continuous coverage, multi-vehicle, homeowner, good student, and online quote discount.
• MetLife offers discounts including good student, good driver, claim-free, accident-free, and multi-policy.
• Mercury Insurance offers premium reductions for low natural disaster claims, age of vehicle, location of vehicle, ease of repair, multi-policy, multi-car, and annual mileage.
• Nationwide may offer discounts for accident-free, family plan, multi-policy, anti-theft, defensive driving, and easy pay.
• GEICO may include discounts for defensive driver, daytime running lights, multi-policy, seat belt use, multi-vehicle, good student, and driver training.
• AAA offers discounts for good driver, pay-in-full, education and occupation, multi-car, good student, anti-theft, and multi-policy.

Before purchasing a policy, check with all companies you are considering how many discounts you can get. Depending on the company, some discounts might not be offered on policies in every state. If you would like to view providers that can offer you the previously mentioned discounts, click this link.

Different people need different insurance coverage coverages

When buying the right insurance coverage for your vehicles, there really is not a cookie-cutter policy. Everyone’s needs are different.

These are some specific questions that may help you determine whether or not you may require specific advice.

• Does insurance cover tools stolen from my truck?
• Is my Chevy Silverado 1500 covered if I use it for business?
• When should my teen driver be added to my policy?
• Is my ex-spouse still covered by my policy?
• Should I file a claim if it’s only slightly more than my deductible?
• Will my vehicle be repaired with OEM or aftermarket parts?
• Am I covered by my employer’s commercial auto policy when driving my personal car for business?

If you don’t know the answers to these questions, you might consider talking to an agent. If you want to speak to an agent in your area, simply complete this short form.

Information about specific coverages

Knowing the specifics of an insurance policy can help you determine the best coverages for your vehicles. Insurance terms can be difficult to understand and reading a policy is terribly boring.

Uninsured or underinsured coverage

Uninsured or Underinsured Motorist coverage protects you and your vehicle when the “other guys” either are underinsured or have no liability coverage at all. Covered losses include injuries sustained by your vehicle’s occupants and damage to your Chevy Silverado 1500.

Because many people only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is important protection for you and your family.

Coverage for collisions

Collision coverage will pay to fix damage to your Silverado 1500 caused by collision with another car or object. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision coverage pays for claims like hitting a mailbox, sideswiping another vehicle, backing into a parked car, colliding with a tree and sustaining damage from a pot hole. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. You can also choose a higher deductible to bring the cost down.

Liability coverage

This can cover injuries or damage you cause to other’s property or people in an accident. It protects YOU from legal claims by others. It does not cover damage to your own property or vehicle.

Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see policy limits of 100/300/100 that translate to a $100,000 limit per person for injuries, a per accident bodily injury limit of $300,000, and property damage coverage for $100,000.

Liability can pay for things like loss of income, repair bills for other people’s vehicles, structural damage and attorney fees. How much liability coverage do you need? That is a personal decision, but buy higher limits if possible.

Medical expense coverage

Coverage for medical payments and/or PIP provide coverage for short-term medical expenses for ambulance fees, hospital visits, EMT expenses, and X-ray expenses. They are utilized in addition to your health insurance plan or if you lack health insurance entirely. It covers both the driver and occupants and will also cover getting struck while a pedestrian. Personal injury protection coverage is only offered in select states and gives slightly broader coverage than med pay

Comprehensive protection

This coverage pays for damage caused by mother nature, theft, vandalism, and other events. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage pays for claims such as damage from a tornado or hurricane, vandalism, a tree branch falling on your vehicle and hitting a bird. The most you can receive from a comprehensive claim is the ACV or actual cash value, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Don’t throw your cash in the trash

A few companies do not provide online quoting and these smaller providers work with independent insurance agencies. Lower-priced car insurance can be bought both online and from local insurance agents, so you should compare both to have the best chance of lowering rates.

As you go through the steps to switch your coverage, it’s not a good idea to buy lower coverage limits just to save a few bucks. There have been many situations where drivers have reduced uninsured motorist or liability limits only to regret that the small savings ended up costing them much more. Your aim should be to purchase a proper amount of coverage at the best price but still have enough coverage for asset protection.

Throughout this article, we presented some good ideas on how you can compare 2018 Chevy Silverado 1500 insurance premium rates online. The key concept to understand is the more price quotes you have, the more likely it is that you will get a better rate. Consumers may even find the lowest premium rates are with a small local company.

For more information, feel free to visit the resources below:

• A Tree Fell on Your Car: Now What? (Allstate)
• Auto Crash Statistics (Insurance Information Institute)
• What is a Telematics Device? (Allstate)
• Think You’re a Safe Driver? (State Farm)
• How Much Auto Coverage do I Need? (Insurance Information Institute)

Now that you are starting to get a better understanding of how an individual driver’s rates are determined, the next step is to compare 2018 Chevrolet Silverado insurance rates from top companies. You find the cost of 2018 Silverados right now by using our free quote tool below.

What are the safety ratings of the 2018 Chevrolet Silverado?

It’s important to consider the safety ratings of the Chevrolet Silverado to get a proper understanding of where you might qualify for policy discounts. 

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): Marginal
• Small overlap front (passenger-side): N/R
• 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 (IIHS) 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.

2018 Chevrolet Silverado Crash Test Ratings

Good crash test ratings often mean you can get cheaper Chevy Silverado car insurance rates at your insurer.

The 2018 Chevrolet Silverado 1500 has great crash test ratings, which means the 2018 Chevrolet Silverado cost of insurance should be reasonable.

2018 Chevrolet Silverado Insurance Loss Probability

The insurance price on a 2018 Chevy Silverado also depends on insurance loss probabilities. If your vehicle has a low insurance loss probability, then you should have lower insurance rates. On the other hand, high insurance loss probabilities mean higher insurance rates.

Most of the insurance loss probabilities are in the negative, which is good. Keep in mind that insurance loss probabilities and rates vary by model, so Chevrolet Tornado 2018 prices will still be different than the Silverado prices.

2018 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:

• Ford F-150
• GMC Sierra
• Nissan Titan

When providing you with a quote estimating the insurance price of 2018 Chevy Silverados compared to average pickup truck insurance cost, 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 the insurance prices on 2018 Chevy Silverados are calculated, is there anything we might have missed? Maybe you are looking for 2020 Chevy Silverado insurance costs, rates for 2019 Chevy Silverado 1500 insurance, or 2008 Chevy Silverado insurance costs. 

Whatever model you are looking for, we can help you find an affordable Chevrolet Silverado auto insurance company.

Start comparing 2018 Chevy 1500 car insurance quotes from multiple companies through the use of our FREE online tool.