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 $1,442 a year including full coverage. Comprehensive insurance costs on average $274 each year, collision costs $502, and liability costs around $486. Liability-only coverage costs as low as $548 a year, with high-risk coverage costing $3,122 or more. 16-year-old drivers pay the highest rates at $5,516 a year or more.

Average premium for full coverage: $1,442

Price estimates by individual coverage:

Comprehensive $274
Collision $502
Liability $486

Prices include $500 deductibles, minimum liability limits, and includes UM/UIM and medical coverage. Estimates are averaged for all 50 U.S. states and Silverado models.

Price Range from Low to High

For a driver in their 40's, Chevrolet Silverado insurance prices go from the low end price of $548 for a discount liability-only rate to a high rate of $3,122 for high-risk insurance.

Liability Only $548
Full Coverage $1,442
High Risk $3,122

Geographic Price Range

Where you live can have significant affects on car insurance rates. Rural areas have lower incidents of comprehensive and collision claims than congested cities.

The graphic below illustrates how location helps determine car insurance rates.

Rural Areas $1,082
Small Cities $1,514
Large Cities $1,947

The ranges above highlight why all drivers should compare prices based on a specific location, instead of 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.

Rates by State, City, and Model

The chart below breaks down estimated Chevrolet Silverado insurance rates for different risk profiles and scenarios.

  • The best full coverage rate is $837
  • Using higher $1,000 deductibles will save around $176 every year
  • The estimated price for the average middle-age driver with $500 deductibles is $1,442
  • Buying low deductibles for physical damage coverage will cost an additional $342 every year
  • Drivers with multiple tickets or accidents could pay upwards of $3,122 or more
  • The price that insures a teen driver may cost $5,516 or more

View Chart as Image

Chevrolet Silverado insurance cost comparison chart
Column chart showing full coverage Chevrolet Silverado insurance prices range from $837 to $5,516

Auto insurance prices for a Chevrolet Silverado are also quite variable based on the trim level and model year, your driving record and age, and policy deductibles and limits.

If you have some driving violations or you caused an accident, you are likely paying at a minimum $1,700 to $2,400 in extra premium each year, depending on your age. Insurance for high-risk drivers can be as much as 44% to 131% more than the average rate. View High Risk Driver Rates

More mature drivers with a good driving record and higher comprehensive and collision deductibles may pay as little as $1,300 a year for full coverage. Prices are highest for teenage drivers, since even teens with perfect driving records will have to pay upwards of $5,500 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 $1,110 a year in states like Missouri, New Hampshire, and Vermont, or at least $2,050 on average in Michigan, New York, and Louisiana.

Chevrolet Silverado Insurance Rates by State
State Premium Compared to U.S. Avg Percent Difference
Alabama $1,302 -$140 -9.7%
Alaska $1,104 -$338 -23.4%
Arizona $1,196 -$246 -17.1%
Arkansas $1,442 -$0 0.0%
California $1,640 $198 13.7%
Colorado $1,376 -$66 -4.6%
Connecticut $1,480 $38 2.6%
Delaware $1,630 $188 13.0%
Florida $1,802 $360 25.0%
Georgia $1,332 -$110 -7.6%
Hawaii $1,032 -$410 -28.4%
Idaho $976 -$466 -32.3%
Illinois $1,072 -$370 -25.7%
Indiana $1,086 -$356 -24.7%
Iowa $972 -$470 -32.6%
Kansas $1,366 -$76 -5.3%
Kentucky $1,964 $522 36.2%
Louisiana $2,132 $690 47.9%
Maine $892 -$550 -38.1%
Maryland $1,188 -$254 -17.6%
Massachusetts $1,150 -$292 -20.2%
Michigan $2,500 $1,058 73.4%
Minnesota $1,206 -$236 -16.4%
Mississippi $1,726 $284 19.7%
Missouri $1,278 -$164 -11.4%
Montana $1,548 $106 7.4%
Nebraska $1,136 -$306 -21.2%
Nevada $1,728 $286 19.8%
New Hampshire $1,040 -$402 -27.9%
New Jersey $1,610 $168 11.7%
New Mexico $1,274 -$168 -11.7%
New York $1,516 $74 5.1%
North Carolina $830 -$612 -42.4%
North Dakota $1,180 -$262 -18.2%
Ohio $994 -$448 -31.1%
Oklahoma $1,478 $36 2.5%
Oregon $1,320 -$122 -8.5%
Pennsylvania $1,372 -$70 -4.9%
Rhode Island $1,922 $480 33.3%
South Carolina $1,306 -$136 -9.4%
South Dakota $1,218 -$224 -15.5%
Tennessee $1,260 -$182 -12.6%
Texas $1,734 $292 20.2%
Utah $1,064 -$378 -26.2%
Vermont $986 -$456 -31.6%
Virginia $860 -$582 -40.4%
Washington $1,112 -$330 -22.9%
West Virginia $1,320 -$122 -8.5%
Wisconsin $998 -$444 -30.8%
Wyoming $1,282 -$160 -11.1%

View Chart as Image

Chevrolet Silverado insurance rates by U.S. city

Opting for high physical damage deductibles could cut prices by as much as $520 every year, whereas increasing liability limits will cost you more. Changing from a 50/100 bodily injury protection limit to a 250/500 limit will increase prices by as much as $387 extra every year. View Rates by Deductible or Liability Limit

Since prices can be so different, the best way to figure out exactly what you will pay is to do a rate comparison and see which company has the best price. Each insurance company utilizes a different rate formula, and quoted prices may be quite different.

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 $1,244 $104
LS Regular Cab 4WD $1,206 $101
LT Regular Cab 2WD $1,362 $114
LT Regular Cab $1,362 $114
LS Extended Cab 4WD $1,312 $109
LT Extended Cab 4WD $1,312 $109
LS Extended Cab 2WD $1,402 $117
LT Extended Cab 2WD $1,402 $117
LS Crew Cab 2WD $1,442 $120
LT Crew Cab 2WD $1,442 $120
LS Crew Cab 4WD $1,364 $114
LT Crew Cab 4WD $1,364 $114
LTZ Extended Cab 2WD $1,482 $124
LTZ Extended Cab 4WD $1,404 $117
LTZ Crew Cab 2WD $1,522 $127
LTZ Crew Cab 4WD $1,444 $120
Crew Cab Hybrid 2WD $1,472 $123
Crew Cab Hybrid 4WD $1,506 $126

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 $306 $542 $440 $1,468
2023 Chevrolet Silverado $294 $536 $450 $1,460
2022 Chevrolet Silverado $284 $524 $470 $1,458
2021 Chevrolet Silverado $274 $502 $486 $1,442
2019 Chevrolet Silverado $250 $450 $510 $1,390

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 Right Chevrolet Silverado Insurance

Getting lower rates on car insurance requires not taking risks behind the wheel, maintaining a good credit score, being claim-free, and taking advantage of discounts. Comparison shop every couple of years by requesting rates from direct car insurance companies, and also from insurance agencies where you live.

The following is a quick rundown of the material that was covered in the charts and tables above.

  • Policyholders who require higher liability limits will pay around $540 per year to increase from a low limit to the 250/500 level
  • Teens are charged the highest prices, possibly costing $460 a month if the policy includes full coverage
  • Higher risk drivers with reckless driving or DUI convictions could be forced to pay on average $1,680 more each year for Silverado insurance
  • Increasing physical damage deductibles can save approximately $525 each year

Rates by Driver Age

Chevrolet Silverado Insurance Rates by Driver Age
Driver Age Premium
16 $5,516
20 $3,332
30 $1,492
40 $1,442
50 $1,320
60 $1,294

Full coverage, $500 deductibles

Rates by Deductible

Chevrolet Silverado Insurance Rates with Different Deductibles
Deductible Premium
$100 $1,784
$250 $1,626
$500 $1,442
$1,000 $1,266

Full coverage, driver age 40

Rates by Liability Limit

Chevrolet Silverado Insurance Rates with Different Liability Limits
Liability Limit Premium
30/60 $1,442
50/100 $1,592
100/300 $1,700
250/500 $1,979
100 CSL $1,635
300 CSL $1,872
500 CSL $2,044

Full coverage, driver age 40

Rates for High Risk Drivers

Chevrolet Silverado Insurance Rates for High Risk Drivers
Age Premium
16 $7,844
20 $5,308
30 $3,180
40 $3,122
50 $2,982
60 $2,956

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 $201

Potential Rate Discounts

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

Discount Savings
Multi-policy $76
Multi-vehicle $77
Homeowner $22
5-yr Accident Free $103
5-yr Claim Free $93
Paid in Full/EFT $63
Advance Quote $70
Online Quote $101
Total Discounts $605
Rate after discounts $837

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

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