Chevrolet Silverado Insurance Rates
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UPDATED: Apr 29, 2024
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The average insurance rates for a Chevrolet Silverado are $1,458 a year including full coverage. Comprehensive insurance costs an estimated $284, collision costs $524, and liability is $470. Liability-only insurance costs around $536 a year, with high-risk driver insurance costing $3,158 or more. Teen drivers cost the most to insure at $5,542 a year or more.
Average premium for full coverage: $1,458
Policy rates broken down by type of insurance:
Full coverage includes $500 policy deductibles, 30/60 bodily injury liability limits, and includes medical/PIP and uninsured motorist coverage. Prices are averaged for all 50 U.S. states and for different Silverado trim levels.
Price Range Variability
For the average 40-year-old driver, Chevrolet Silverado insurance rates go from as low as $536 for liability-only coverage to a much higher rate of $3,158 for a driver who requires high-risk insurance.
Urban vs. Rural Price Range
Choosing to live in a large city can make a big difference on the price of auto insurance. More rural locations are shown to have a lower frequency of comprehensive and collision claims than larger metro areas.
The price range example below illustrates the difference location can make on insurance prices.
The examples above highlight why anyone shopping for car insurance should compare rates quotes for a targeted area and risk profile, instead of making a decision based on price 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 Charts and Tables
The chart below breaks down estimated Chevrolet Silverado insurance rates for other coverage scenarios.
- The lowest rate with discounts is $845
- Raising to $1,000 deductibles will save approximately $184 every year
- The average rate for a good driver age 40 who has $500 deductibles is $1,458
- Choosing more expensive low deductibles will cost an extra $356 annually
- Drivers with multiple violations and an at-fault accident could pay up to $3,158 or more
- Policy cost for full coverage for a 16-year-old driver with full coverage can cost as much as $5,542
Auto insurance rates for a Chevrolet Silverado also range considerably based on your risk profile, the model of your Silverado, and liability limits and deductibles.
An older driver with a good driving record and high deductibles may pay as low as $1,400 every 12 months on average, or $117 per month, for full coverage. Rates are highest for teenagers, where even good drivers will have to pay at least $5,500 a year. View Rates by Age
Your home state also has a big influence on Chevrolet Silverado insurance prices. A middle-age driver might find rates as low as $1,120 a year in states like Vermont, New Hampshire, and Missouri, or as much as $2,080 on average in Louisiana, New York, and Michigan.
| State | Premium | Compared to U.S. Avg | Percent Difference |
|---|---|---|---|
| Alabama | $1,316 | -$142 | -9.7% |
| Alaska | $1,118 | -$340 | -23.3% |
| Arizona | $1,210 | -$248 | -17.0% |
| Arkansas | $1,458 | -$0 | 0.0% |
| California | $1,660 | $202 | 13.9% |
| Colorado | $1,392 | -$66 | -4.5% |
| Connecticut | $1,498 | $40 | 2.7% |
| Delaware | $1,650 | $192 | 13.2% |
| Florida | $1,824 | $366 | 25.1% |
| Georgia | $1,346 | -$112 | -7.7% |
| Hawaii | $1,046 | -$412 | -28.3% |
| Idaho | $986 | -$472 | -32.4% |
| Illinois | $1,084 | -$374 | -25.7% |
| Indiana | $1,098 | -$360 | -24.7% |
| Iowa | $984 | -$474 | -32.5% |
| Kansas | $1,384 | -$74 | -5.1% |
| Kentucky | $1,988 | $530 | 36.4% |
| Louisiana | $2,158 | $700 | 48.0% |
| Maine | $900 | -$558 | -38.3% |
| Maryland | $1,202 | -$256 | -17.6% |
| Massachusetts | $1,164 | -$294 | -20.2% |
| Michigan | $2,530 | $1,072 | 73.5% |
| Minnesota | $1,220 | -$238 | -16.3% |
| Mississippi | $1,748 | $290 | 19.9% |
| Missouri | $1,292 | -$166 | -11.4% |
| Montana | $1,566 | $108 | 7.4% |
| Nebraska | $1,148 | -$310 | -21.3% |
| Nevada | $1,748 | $290 | 19.9% |
| New Hampshire | $1,050 | -$408 | -28.0% |
| New Jersey | $1,630 | $172 | 11.8% |
| New Mexico | $1,290 | -$168 | -11.5% |
| New York | $1,538 | $80 | 5.5% |
| North Carolina | $840 | -$618 | -42.4% |
| North Dakota | $1,192 | -$266 | -18.2% |
| Ohio | $1,006 | -$452 | -31.0% |
| Oklahoma | $1,496 | $38 | 2.6% |
| Oregon | $1,334 | -$124 | -8.5% |
| Pennsylvania | $1,388 | -$70 | -4.8% |
| Rhode Island | $1,944 | $486 | 33.3% |
| South Carolina | $1,322 | -$136 | -9.3% |
| South Dakota | $1,230 | -$228 | -15.6% |
| Tennessee | $1,274 | -$184 | -12.6% |
| Texas | $1,754 | $296 | 20.3% |
| Utah | $1,078 | -$380 | -26.1% |
| Vermont | $998 | -$460 | -31.6% |
| Virginia | $872 | -$586 | -40.2% |
| Washington | $1,124 | -$334 | -22.9% |
| West Virginia | $1,336 | -$122 | -8.4% |
| Wisconsin | $1,008 | -$450 | -30.9% |
| Wyoming | $1,298 | -$160 | -11.0% |
Choosing high deductibles can reduce rates by up to $540 annually, while increasing your policy's liability limits will increase premiums. Changing from a 50/100 limit to a 250/500 limit will raise rates by up to $375 extra every year. View Rates by Deductible or Liability Limit
If you have a few points on your driving record or tend to cause accidents, you are likely paying $1,700 to $2,400 in extra premium every year, depending on your age. High-risk driver insurance is expensive and can cost from 43% to 130% more than average. View High Risk Driver Rates
Because rates have so much variability, the best way to figure out which auto insurance is cheapest is to compare rates from multiple companies. Every auto insurance company uses a different rate calculation, and quoted rates will be varied from one company to the next.
Insurance Rates by Trim Level and Model Year
| Model and Trim | Annual Premium | Monthly Premium |
|---|---|---|
| LS Regular Cab 2WD | $1,252 | $104 |
| LS Regular Cab 4WD | $1,218 | $102 |
| LT Regular Cab 2WD | $1,376 | $115 |
| LT Regular Cab | $1,376 | $115 |
| LS Extended Cab 4WD | $1,328 | $111 |
| LT Extended Cab 4WD | $1,328 | $111 |
| LS Extended Cab 2WD | $1,416 | $118 |
| LT Extended Cab 2WD | $1,416 | $118 |
| LS Crew Cab 2WD | $1,458 | $122 |
| LT Crew Cab 2WD | $1,458 | $122 |
| LS Crew Cab 4WD | $1,382 | $115 |
| LT Crew Cab 4WD | $1,382 | $115 |
| LTZ Extended Cab 2WD | $1,498 | $125 |
| LTZ Extended Cab 4WD | $1,422 | $119 |
| LTZ Crew Cab 2WD | $1,540 | $128 |
| LTZ Crew Cab 4WD | $1,464 | $122 |
| Crew Cab Hybrid 2WD | $1,492 | $124 |
| Crew Cab Hybrid 4WD | $1,528 | $127 |
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 | $322 | $562 | $420 | $1,484 |
| 2023 Chevrolet Silverado | $306 | $542 | $440 | $1,468 |
| 2022 Chevrolet Silverado | $294 | $536 | $450 | $1,460 |
| 2021 Chevrolet Silverado | $284 | $524 | $470 | $1,458 |
| 2019 Chevrolet Silverado | $260 | $484 | $500 | $1,424 |
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 cheaper rates on insurance for a Chevrolet Silverado consists of being a good driver, having good credit, paying for small claims out-of-pocket, and qualifying for all possible discounts. Make time to compare rates at every other renewal by requesting quotes from direct car insurance companies like GEICO, Progressive, and Esurance, and also from your local independent and exclusive agents.
The following list is a summary of the concepts that were touched on in this article.
- Drivers considered higher risk who have multiple accidents or major violations may pay on average $1,700 more annually than a safer driver
- Drivers age 16 to 20 are the costliest to insure, with premiums being up to $462 each month if they have full coverage
- You may be able to save approximately $170 per year simply by shopping early and online
- Increasing comprehensive and collision deductibles can save around $550 each year
- You may be able to save approximately $170 per year simply by shopping early and online
Rate Tables and Charts
Rates by Driver Age
| Driver Age | Premium |
|---|---|
| 16 | $5,542 |
| 20 | $3,374 |
| 30 | $1,512 |
| 40 | $1,458 |
| 50 | $1,334 |
| 60 | $1,310 |
Full coverage, $500 deductibles
Rates by Deductible
| Deductible | Premium |
|---|---|
| $100 | $1,814 |
| $250 | $1,650 |
| $500 | $1,458 |
| $1,000 | $1,274 |
Full coverage, driver age 40
Rates by Liability Limit
| Liability Limit | Premium |
|---|---|
| 30/60 | $1,458 |
| 50/100 | $1,611 |
| 100/300 | $1,715 |
| 250/500 | $1,986 |
| 100 CSL | $1,653 |
| 300 CSL | $1,882 |
| 500 CSL | $2,048 |
Full coverage, driver age 40
Rates for High Risk Drivers
| Age | Premium |
|---|---|
| 16 | $7,890 |
| 20 | $5,368 |
| 30 | $3,218 |
| 40 | $3,158 |
| 50 | $3,016 |
| 60 | $2,988 |
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 | $77 |
| Multi-vehicle | $77 |
| Homeowner | $22 |
| 5-yr Accident Free | $105 |
| 5-yr Claim Free | $94 |
| Paid in Full/EFT | $65 |
| Advance Quote | $71 |
| Online Quote | $102 |
| Total Discounts | $613 |
Discounts are estimated and may not be available from every company or in every state.
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