Chevrolet Silverado Insurance Rates

The average insurance prices for a Chevrolet Silverado are $1,424 every 12 months including full coverage. Comprehensive costs approximately $260, collision insurance costs $484, and liability costs around $500. Liability-only coverage costs as low as $560 a year, and high-risk coverage costs around $3,088. Teenage drivers cost the most to insure at up to $5,494 a year.

Average premium for full coverage: $1,424

Policy rates by type of insurance:

Estimates include $500 comprehensive and collision deductibles, 30/60 liability coverage, and includes UM/UIM and medical coverage. Prices are averaged for all 50 U.S. states and for all Silverado models.

Price Range Variability

Urban vs. Rural Price Range

Where you live can have significant affects on car insurance prices. Rural locations are shown to have more infrequent comprehensive and collision claims than densely populated cities. The example below illustrates how location helps determine auto insurance prices.

The examples above highlight why everyone should compare prices using their specific location and their own driving history, instead of using average rates.

Use the form below to get customized rates for your location.

Rates by State, City, and Model

The chart below breaks down average Chevrolet Silverado insurance rates for additional coverage and risk scenarios.

• The best discount rate is $827
• Using higher $1,000 deductibles will save $168 every year
• The average price for a good driver age 40 who chooses $500 deductibles is $1,424
• Using pricier low deductibles for physical damage coverage increases the price to $1,752
• Drivers who are prone to accidents and violations could pay around $3,088
• Policy cost to insure a teen driver for full coverage can cost $5,494 or more

View Chart as Image

Insurance rates for a Chevrolet Silverado also range considerably based on liability limits and deductibles, your driving characteristics, and the model of your Silverado.

Using high physical damage deductibles could cut rates by as much as $500 every year, whereas buying more liability protection will push rates upward. Changing from a 50/100 liability limit to a 250/500 limit will raise rates by up to $398 more each year. View Rates by Deductible or Liability Limit

A more mature driver with no violations or accidents and higher deductibles may pay as little as $1,300 a year, or $108 per month, for full coverage. Rates are much higher for teenagers, since even excellent drivers should be prepared to pay in the ballpark of $5,400 a year. View Rates by Age

If you have a few points on your driving record or you were responsible for an accident, you are likely paying anywhere from $1,700 to $2,400 additional every year, depending on your age. Chevrolet Silverado insurance for high-risk drivers can be as much as 44% to 133% more than a normal policy. View High Risk Driver Rates

Your home state has a huge impact on Chevrolet Silverado insurance prices. A driver around age 40 might see rates as low as $1,090 a year in states like Vermont, New Hampshire, and Missouri, or be forced to pay as much as $2,030 on average in Louisiana, New York, and Michigan.

View Chart as Image

Insurance Rates by Trim Level and Model Year

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.

How to Shop for Low Cost Chevrolet Silverado Insurance

Finding cheaper rates on car insurance requires avoiding accidents and violations, having above-average credit, paying for small claims out-of-pocket, and consideration of higher deductibles. Invest time comparing rates every year by getting rate quotes from direct car insurance companies, and also from your local car insurance providers.

The list below is a review of the coverage data covered in the charts and tables above.

• You may be able to save around $170 per year just by quoting online well ahead of the renewal date
• Increasing comprehensive and collision deductibles could save as much as $500 each year
• Teenagers are the costliest to insure, with premiums being up to $458 each month if full coverage is included
• Higher risk drivers who have several accidents or serious violations could be charged and average of $1,660 more per year for car insurance