Chevrolet Silverado Insurance Rates

Estimated insurance prices for a Chevrolet Silverado are $1,442 every 12 months with full coverage. Comprehensive insurance costs on average $274, collision costs $502, and liability coverage costs around $486. Liability-only insurance costs as low as $548 a year, with high-risk driver insurance costing $3,122 or more. Teens pay the most at $5,516 a year or more.

Average premium for full coverage: $1,442

Premium estimates by type of coverage:

Prices are based on $500 comprehensive and collision deductibles, liability limits of 30/60, and includes medical and uninsured motorist coverage. Rates include averaging for all U.S. states and for different Silverado trim levels.

Insurance Price Range by Risk and Coverage

Insurance Price Range by Location

Where you live has a large influence on auto insurance rates. Rural areas are statistically proven to have more infrequent collision claims than cities with more traffic congestion.

The price range example below illustrates how your location can change car insurance rates.

These rate differences demonstrate why anyone shopping for car insurance should compare prices based on a specific location and their own driving history, rather than using averaged prices.

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

Detailed Rate Analysis

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

• The cheapest rate after discounts is $837
• Using higher $1,000 deductibles will save around $176 annually
• The average price for a 40-year-old good driver with $500 deductibles is $1,442
• Selecting more expensive low deductibles for physical damage coverage costs an extra $342 each year
• Higher-risk drivers with serious driving violations could pay upwards of $3,122 or more
• An auto insurance policy to insure a teenage driver with full coverage may cost $5,516 or more

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Insurance prices for a Chevrolet Silverado also have a wide range based on physical damage deductibles and liability limits, your driving record, and the trim level of your Silverado.

Choosing higher comprehensive and collision insurance deductibles could cut prices by as much as $520 a year, while increasing your policy's liability limits will cost you more. Moving from a 50/100 liability limit to a 250/500 limit will cost up to $387 more each year. View Rates by Deductible or Liability Limit

An older driver with no violations or accidents and higher deductibles may only pay around $1,300 a year, or $108 per month, for full coverage. Prices are much higher for drivers in their teens, since even excellent drivers should be prepared to pay upwards of $5,500 a year. View Rates by Age

If you have a few violations or you were responsible for an accident, you may be forking out at a minimum $1,700 to $2,400 additional annually, depending on your age. High-risk driver insurance can be around 44% to 131% more than the average policy. View High Risk Driver Rates

Where you choose to live has a huge impact on Chevrolet Silverado insurance rates. A driver around age 40 might see prices as low as $1,040 a year in states like New Hampshire, Ohio, and Utah, or have to pay at least $1,940 on average in Florida, Michigan, and New York.

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With such a large range in prices, the best way to find out exactly what you will pay is to compare prices and see how they stack up. Each insurance company calculates prices differently, and prices will be substantially 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 Shop for Affordable Chevrolet Silverado Insurance

Finding better rates on auto insurance requires having a decent driving record, having above-average credit, being claim-free, and insuring your home and auto with the same company. Invest the time to shop around once a year by requesting rates from direct companies, and also from local exclusive and independent agents.

The following items are a brief review of the data that was illustrated above.

• You may be able to save as much as $170 per year simply by shopping early and online
• Consumers who require additional liability coverage will pay approximately $540 every year to increase from 30/60 bodily injury limits to a 250/500 level
• 16 to 18-year-old drivers pay higher prices, possibly costing $460 per month if full coverage is included
• Drivers with DUI or reckless driving convictions may pay on average $1,680 more each year than a driver with a clean driving record