Chevrolet Silverado Insurance Rates

U.S. average insurance rates for a Chevrolet Silverado are $1,424 a year for full coverage insurance. Comprehensive costs approximately $260 a year, collision costs $484, and liability costs $500. Buying just liability costs as little as $560 a year, with insurance for high-risk drivers costing around $3,088. Teen drivers pay the highest rates at $5,494 a year or more.

Average premium for full coverage: $1,424

Price estimates by individual coverage:

Prices include $500 policy deductibles, split liability limits of 30/60, and includes medical/PIP and uninsured motorist coverage. Estimates are averaged for all 50 states and Silverado trim levels.

Price Range from Low to High

Geographic Price Range

Your location can have significant affects on the price of auto insurance. Rural locations have lower incidents of physical damage claims than larger metro areas.

The diagram below illustrates the effect of geographic area on auto insurance prices.

The ranges above illustrate why it is important to compare rates using their specific location, instead of using price averages.

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

Additional Charts and Tables

The chart below illustrates estimated Chevrolet Silverado insurance rates for additional coverage and risk scenarios.

• The lowest rate with discounts is $827
• Drivers who choose higher $1,000 deductibles will pay $1,256 each year
• The estimated price for the average middle-age driver who chooses $500 deductibles is $1,424
• Choosing low $100 deductibles for comprehensive and collision insurance bumps up the cost to $1,752
• Higher-risk drivers with multiple violations and an at-fault accident could pay around $3,088 or more
• The price that insures a teen driver can cost $5,494 a year

View Chart as Image

Insurance prices for a Chevrolet Silverado are also quite variable based on the trim level of your Silverado, your age and driving record, and physical damage deductibles and liability limits.

If you have some driving violations or you caused an accident, you are probably paying anywhere from $1,700 to $2,400 additional each year, depending on your age. A high-risk auto insurance policy can cost as much as 44% to 133% more than average. View High Risk Driver Rates

Older drivers with no violations or accidents and higher comprehensive and collision deductibles may pay as little as $1,300 per year on average for full coverage. Prices are highest for teenage drivers, since even teens with perfect driving records should be prepared to pay in the ballpark of $5,400 a year. View Rates by Age

The state you live in makes a big difference in Chevrolet Silverado insurance prices. A 40-year-old driver could pay as low as $930 a year in states like North Carolina, Wisconsin, and Vermont, or as much as $1,920 on average in Florida, New York, and Michigan.

View Chart as Image

Choosing high deductibles could save up to $500 every year, while buying higher liability limits will push prices upward. Switching from a 50/100 bodily injury protection limit to a 250/500 limit will increase prices by as much as $398 more each year. View Rates by Deductible or Liability Limit

Since prices can be so different, the only way to figure out who has the best car insurance prices is to get quotes and see which company has the best price. Every company uses a different rate calculation, and prices may be quite different.

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 Find the Right Chevrolet Silverado Insurance

Getting lower rates on car insurance not only requires being safe and accident-free, but also having a good credit score, not filing small claims, and qualifying for all possible discounts. Shop around at least once a year by getting quotes from direct insurance companies, and also from your local car insurance providers.

Below you'll find a quick rundown of the primary concepts that were covered in the above illustrations.

• It is possible to save around $170 per year simply by quoting early and online
• Higher risk drivers with reckless driving or DUI convictions could be charged and average of $1,660 more per year than a low-risk driver
• Increasing physical damage deductibles can save approximately $500 each year
• Youthful drivers are the costliest to insure, as much as $458 a month if comprehensive and collision insurance is included