Chevrolet Silverado Insurance Rates

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UPDATED: Apr 29, 2024

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U.S. average insurance rates for a Chevrolet Silverado are $1,424 a year with full coverage. Comprehensive insurance costs approximately $260 a year, collision costs $484, and liability costs around $500. A policy with just liability insurance costs as low as $560 a year, with coverage for high-risk drivers costing $3,088 or more. Teenage drivers pay the highest rates at $5,494 a year or more.

Average premium for full coverage: $1,424

Price estimates by individual coverage:

Comprehensive $260
Collision $484
Liability $500

Includes $500 physical damage insurance deductibles, 30/60 liability limits, and includes uninsured/under-insured motorist coverage. Estimates are averaged for all U.S. states and Silverado trim levels.

Price Range from Low to High

Using a 40-year-old driver as an example, Chevrolet Silverado insurance prices go from as low as $560 for your basic liability-only policy to a high of $3,088 for a driver required to buy high-risk insurance.

Liability Only $560
Full Coverage $1,424
High Risk $3,088

Geographic Price Range

Where you live can make a big difference on the price of insurance. Rural locations have a lower frequency of collision claims than densely populated cities.

The diagram below illustrates how rural and urban location affects auto insurance prices.

Rural Areas $1,068
Small Cities $1,495
Large Cities $1,922

The ranges above demonstrate why it is important to compare prices using their specific location and risk profile, instead of making a decision based on average rates.

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.

More Rate Information

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

  • The best discount rate is $827
  • Using higher $1,000 deductibles will save $1,256 annually
  • The average rate for the average middle-age driver who chooses $500 deductibles is $1,424
  • Using low $100 deductibles for physical damage coverage will cost an extra $328 annually
  • High-risk insureds who are prone to accidents and violations could pay around $3,088 or more
  • The price for full coverage for a 16-year-old driver can cost $5,494 or more

View Chart as Image

Chevrolet Silverado insurance cost comparison chart
Column chart showing full coverage Chevrolet Silverado insurance prices range from $827 to $5,494

Insurance prices for a Chevrolet Silverado are also quite variable based on your driving record, the trim level and model year, and physical damage deductibles and liability limits.

Older drivers with a clean driving record and high deductibles may pay as low as $1,300 a year for full coverage. Prices are much higher for teenage drivers, where even good drivers can expect to pay in the ballpark of $5,400 a year. View Rates by Age

The state you live in has a huge impact on Chevrolet Silverado insurance prices. A driver around age 40 might see prices as low as $1,020 a year in states like Utah, Ohio, and New Hampshire, or be forced to pay as much as $1,920 on average in New York, Michigan, and Florida.

Chevrolet Silverado Insurance Rates by State
State Premium Compared to U.S. Avg Percent Difference
Alabama $1,286 -$138 -9.7%
Alaska $1,092 -$332 -23.3%
Arizona $1,182 -$242 -17.0%
Arkansas $1,424 -$0 0.0%
California $1,622 $198 13.9%
Colorado $1,358 -$66 -4.6%
Connecticut $1,462 $38 2.7%
Delaware $1,612 $188 13.2%
Florida $1,780 $356 25.0%
Georgia $1,316 -$108 -7.6%
Hawaii $1,020 -$404 -28.4%
Idaho $964 -$460 -32.3%
Illinois $1,058 -$366 -25.7%
Indiana $1,074 -$350 -24.6%
Iowa $962 -$462 -32.4%
Kansas $1,350 -$74 -5.2%
Kentucky $1,940 $516 36.2%
Louisiana $2,108 $684 48.0%
Maine $878 -$546 -38.3%
Maryland $1,174 -$250 -17.6%
Massachusetts $1,138 -$286 -20.1%
Michigan $2,470 $1,046 73.5%
Minnesota $1,192 -$232 -16.3%
Mississippi $1,704 $280 19.7%
Missouri $1,262 -$162 -11.4%
Montana $1,528 $104 7.3%
Nebraska $1,122 -$302 -21.2%
Nevada $1,706 $282 19.8%
New Hampshire $1,026 -$398 -27.9%
New Jersey $1,592 $168 11.8%
New Mexico $1,258 -$166 -11.7%
New York $1,498 $74 5.2%
North Carolina $820 -$604 -42.4%
North Dakota $1,166 -$258 -18.1%
Ohio $980 -$444 -31.2%
Oklahoma $1,458 $34 2.4%
Oregon $1,304 -$120 -8.4%
Pennsylvania $1,356 -$68 -4.8%
Rhode Island $1,898 $474 33.3%
South Carolina $1,288 -$136 -9.6%
South Dakota $1,200 -$224 -15.7%
Tennessee $1,244 -$180 -12.6%
Texas $1,714 $290 20.4%
Utah $1,052 -$372 -26.1%
Vermont $974 -$450 -31.6%
Virginia $852 -$572 -40.2%
Washington $1,098 -$326 -22.9%
West Virginia $1,304 -$120 -8.4%
Wisconsin $986 -$438 -30.8%
Wyoming $1,268 -$156 -11.0%

View Chart as Image

Chevrolet Silverado insurance rates by U.S. city

Using high physical damage deductibles could cut prices by as much as $500 annually, while buying higher liability limits will push prices upward. Moving from a 50/100 limit to a 250/500 limit will increase prices by as much as $398 more per year. View Rates by Deductible or Liability Limit

If you have some driving violations or tend to cause accidents, you may be forking out anywhere from $1,700 to $2,400 extra each year, depending on your age. A high-risk auto insurance policy can be from 44% to 133% more than a normal policy. View High Risk Driver Rates

Since prices can be so different, the best way to find out who has the cheapest auto insurance prices is to get quotes from multiple companies. Each insurance company uses a different method to calculate prices, so the prices may be quite different 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 $1,234 $103
LS Regular Cab 4WD $1,194 $100
LT Regular Cab 2WD $1,348 $112
LT Regular Cab $1,348 $112
LS Extended Cab 4WD $1,296 $108
LT Extended Cab 4WD $1,296 $108
LS Extended Cab 2WD $1,386 $116
LT Extended Cab 2WD $1,386 $116
LS Crew Cab 2WD $1,424 $119
LT Crew Cab 2WD $1,424 $119
LS Crew Cab 4WD $1,344 $112
LT Crew Cab 4WD $1,344 $112
LTZ Extended Cab 2WD $1,462 $122
LTZ Extended Cab 4WD $1,382 $115
LTZ Crew Cab 2WD $1,500 $125
LTZ Crew Cab 4WD $1,420 $118
Crew Cab Hybrid 2WD $1,446 $121
Crew Cab Hybrid 4WD $1,478 $123

Rates assume 2021 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
2024 Chevrolet Silverado $294 $536 $450 $1,460
2023 Chevrolet Silverado $284 $524 $470 $1,458
2022 Chevrolet Silverado $274 $502 $486 $1,442
2021 Chevrolet Silverado $260 $484 $500 $1,424
2019 Chevrolet Silverado $240 $424 $514 $1,358

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 the Cheapest Chevrolet Silverado Insurance

Getting lower rates on insurance for a Chevrolet Silverado requires being a low-risk driver, maintaining good credit, avoid buying unnecessary coverage, and maximizing policy discounts. Set aside time to shop around at every policy renewal by requesting rates from direct companies like Progressive and GEICO, and also from several local insurance agents.

The items below are a recap of the data raised in the charts and tables above.

  • Insureds who purchase more liability coverage will pay an extra $550 every year to increase from a low limit to 250/500 limits
  • You may be able to save around $170 per year simply by quoting early and online
  • Increasing physical damage deductibles can save around $500 each year
  • Teen drivers are expensive to insure, costing up to $458 a month for full coverage

Rates by Driver Age

Chevrolet Silverado Insurance Rates by Driver Age
Driver Age Premium
16 $5,494
20 $3,298
30 $1,470
40 $1,424
50 $1,304
60 $1,278

Full coverage, $500 deductibles

Rates by Deductible

Chevrolet Silverado Insurance Rates with Different Deductibles
Deductible Premium
$100 $1,752
$250 $1,598
$500 $1,424
$1,000 $1,256

Full coverage, driver age 40

Rates by Liability Limit

Chevrolet Silverado Insurance Rates with Different Liability Limits
Liability Limit Premium
30/60 $1,424
50/100 $1,566
100/300 $1,677
250/500 $1,964
100 CSL $1,611
300 CSL $1,854
500 CSL $2,031

Full coverage, driver age 40

Rates for High Risk Drivers

Chevrolet Silverado Insurance Rates for High Risk Drivers
Age Premium
16 $7,812
20 $5,258
30 $3,144
40 $3,088
50 $2,952
60 $2,926

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 $199

Potential Rate Discounts

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

Discount Savings
Multi-policy $75
Multi-vehicle $76
Homeowner $22
5-yr Accident Free $101
5-yr Claim Free $92
Paid in Full/EFT $62
Advance Quote $69
Online Quote $100
Total Discounts $597
Rate after discounts $827

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

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