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...
Licensed Insurance Agent
UPDATED: Apr 29, 2024
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U.S. average auto insurance rates for a Chevrolet Silverado are $1,442 annually for full coverage. Comprehensive insurance costs around $274 a year, collision insurance costs $502, and liability insurance is estimated at $486. Liability-only insurance costs approximately $548 a year, and high-risk driver insurance costs $3,122 or more. Teenage drivers pay the highest rates at up to $5,516 a year.
Average premium for full coverage: $1,442
Price estimates for individual coverage:
Rates are based on $500 policy deductibles, bodily injury liability limits of 30/60, and includes both medical and uninsured motorist insurance. Estimates are averaged for all states and Silverado trim levels.
Price Range from Low to High
Using a middle-aged driver as an example, Chevrolet Silverado insurance prices range from as cheap as $548 for minimum levels of liability insurance to a high of $3,122 for a driver who has had serious violations or accidents.
Geographic Price Range
Living in a larger city has a significant impact on auto insurance rates. Areas with sparse population have fewer accident claims than densely populated cities. The diagram below illustrates how where you live affects auto insurance rates.
The ranges above show why it is important to get quotes for a specific zip code and their own personal driving habits, rather than relying 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.
Additional Rate Details
The chart below shows average Chevrolet Silverado insurance rates for additional coverage choices and driver risks.
- The best discount rate is $837
- Choosing higher $1,000 deductibles can save about $1,266 a year
- The estimated rate for the average middle-age driver using $500 deductibles is $1,442
- Using low $100 deductibles for comp and collision coverage costs an additional $342 a year
- High-risk insureds who are prone to accidents and violations could pay at least $3,122
- The price with full coverage for a teen driver can be $5,516 each year
Car insurance prices for a Chevrolet Silverado are also quite variable based on the trim level and model year, your driver profile, and deductibles and policy limits.
Older drivers with no driving violations and high physical damage deductibles could pay as little as $1,300 annually on average for full coverage. Prices are much higher for teenage drivers, where even without any violations or accidents they will be charged as much as $5,500 a year. View Rates by Age
If you have some driving violations or you caused a few accidents, you could be paying at least $1,700 to $2,400 extra each year, depending on your age. A high-risk auto insurance policy ranges anywhere from 44% to 131% more than a normal policy. View High Risk Driver Rates
Using high physical damage deductibles can save as much as $520 each year, while buying higher liability limits will increase prices. Going from a 50/100 bodily injury limit to a 250/500 limit will increase prices by as much as $387 extra every 12 months. View Rates by Deductible or Liability Limit
The state you live in plays a big part in determining prices for Chevrolet Silverado insurance rates. A good driver about age 40 could pay as low as $950 a year in states like Idaho, Maine, and Iowa, or be forced to pay as much as $2,050 on average in Michigan, Louisiana, and New York.
| 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% |
Insurance Rates by Trim Level and Model Year
| 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.
| 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 Buy the Best Cheap Chevrolet Silverado Insurance
Getting lower rates on Chevrolet Silverado insurance takes avoiding accidents and claims, having a good credit score, eliminating unnecessary coverage, and consideration of higher deductibles. Take the time to comparison shop every other policy renewal by getting quotes from direct carriers like GEICO, Progressive, and Esurance, and also from local independent and exclusive agents.
The points below are a quick review of the ideas that were touched on in the above illustrations.
- Drivers under the age of 20 are the costliest to insure, with premiums as much as $460 a month if comprehensive and collision insurance is included
- High-risk drivers with a DUI or reckless driving violation pay an average of $1,680 more every year to insure a Chevrolet Silverado
- Increasing physical damage deductibles could save up to $525 each year
- Drivers can save up to $170 per year just by quoting early and online
Rate Tables and Charts
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
| Deductible | Premium |
|---|---|
| $100 | $1,784 |
| $250 | $1,626 |
| $500 | $1,442 |
| $1,000 | $1,266 |
Full coverage, driver age 40
Rates by Liability Limit
| 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
| 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.
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 |
Discounts are estimated and may not be available from every company or in every state.
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