Chevrolet Silverado Insurance Rates
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Michelle Robbins
Licensed Insurance Agent
Michelle Robbins has been a licensed insurance agent for over 13 years. Her career began in the real estate industry, supporting local realtors with Title Insurance. After several years, Michelle shifted to real estate home warranty insurance, where she managed a territory of over 100 miles of real estate professionals. Later, Agent Robbins obtained more licensing and experience serving families a...
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UPDATED: Apr 29, 2024
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Estimated insurance rates for a Chevrolet Silverado are $1,424 a year for full coverage insurance. Comprehensive insurance costs on average $260, collision insurance costs $484, and liability coverage costs $500. A liability-only policy costs as little as $560 a year, and high-risk insurance costs $3,088 or more. 16-year-old drivers pay the most at up to $5,494 a year.
Average premium for full coverage: $1,424
Premium estimates by type of coverage:
Full coverage includes $500 deductibles, liability limits of 30/60, and includes both medical and uninsured motorist insurance. Rates include averaging for all 50 states and for all Silverado models.
Insurance Price Range by Risk and Coverage
For a driver in their 40's, insurance rates for a Chevrolet Silverado range from the low end price of $560 for minimum levels of liability insurance to the much higher price of $3,088 for a driver that may need high-risk insurance.
Insurance Price Range by Location
Your location has a large influence on insurance rates. Rural areas are statistically proven to have lower incidents of physical damage claims than congested cities. The example below illustrates how location helps determine car insurance rates.
These rate differences illustrate why everyone should compare rates based on a specific location, rather than using 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.
Additional Rate Details
The chart below illustrates average Chevrolet Silverado insurance rates for different risk profiles and scenarios.
- The best full coverage rate is $827
- Drivers who choose higher $1,000 deductibles will pay around $168 each year
- The estimated price for a 40-year-old good driver with $500 deductibles is $1,424
- Buying pricier low deductibles for comprehensive and collision insurance will cost an additional $328 each year
- High-risk insureds with multiple tickets or accidents could pay upwards of $3,088
- An auto insurance policy that insures a teenage driver for full coverage may cost $5,494 a year
Auto insurance prices for a Chevrolet Silverado also have a wide range based on the model of your Silverado, your age and driving record, and policy deductibles and limits.
If you have a few violations or you caused an accident, you are probably paying at a minimum $1,700 to $2,400 in extra premium annually, depending on your age. Chevrolet Silverado insurance for high-risk drivers can cost around 44% to 133% more than the average rate. View High Risk Driver Rates
A more mature driver with a good driving record and higher comprehensive and collision deductibles may only pay around $1,300 per year on average, or $108 per month, for full coverage. Prices are highest for drivers in their teens, since even teens with perfect driving records will have to pay upwards of $5,400 a year. View Rates by Age
Where you choose to live makes a big difference in Chevrolet Silverado insurance rates. A 40-year-old driver could pay as low as $930 a year in states like Vermont, Wisconsin, and North Carolina, or at least $1,920 on average in Michigan, New York, and Florida.
| 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% |
Opting for high physical damage deductibles could save up to $500 a year, whereas buying more liability protection will cost you more. Switching from a 50/100 bodily injury protection limit to a 250/500 limit will cost up to $398 extra every year. View Rates by Deductible or Liability Limit
Insurance Rates by Trim Level and Model Year
| 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.
| 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 More Affordable Chevrolet Silverado Insurance
Finding better rates on auto insurance not only requires not taking risks behind the wheel, but also maintaining a good credit score, paying for small claims out-of-pocket, and deciding if full coverage is necessary. Comparison shop once a year by obtaining price quotes from direct insurance companies, and also from your local independent and exclusive agents.
The following is a summary of the data that was covered in the charts and tables above.
- It is possible to save as much as $170 per year just by quoting online well ahead of the renewal date
- Consumers who require higher liability limits will pay around $550 annually to go from 30/60 bodily injury limits to the 250/500 level
- Teens are charged the highest prices, with premiums being up to $458 per month if the policy includes full coverage
- Drivers who have multiple accidents or major violations may pay on average $1,660 more each year for Silverado insurance
Rate Tables and Charts
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
| Deductible | Premium |
|---|---|
| $100 | $1,752 |
| $250 | $1,598 |
| $500 | $1,424 |
| $1,000 | $1,256 |
Full coverage, driver age 40
Rates by Liability Limit
| 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
| 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.
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 |
Discounts are estimated and may not be available from every company or in every state.
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