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 insurance prices for a Chevrolet Silverado are $1,424 every 12 months for full coverage insurance. Comprehensive costs an estimated $260, collision costs $484, and liability coverage is $500. Liability-only coverage costs around $560 a year, with high-risk coverage costing around $3,088. 16-year-old drivers pay the highest rates at $5,494 a year or more.
Average premium for full coverage: $1,424
Price estimates broken down by individual coverage:
Full coverage includes $500 deductibles, split liability limits of 30/60, and includes UM/UIM and medical coverage. Estimates are averaged for all 50 states and for different Silverado trim levels.
Price Range from Low to High
For the normal driver, Chevrolet Silverado insurance prices go from the cheapest price of $560 for a discount liability-only rate to a much higher rate of $3,088 for coverage for higher-risk drivers.
Geographic Price Range
Choosing to live in a large city has a large influence on the price of insurance. More rural locations have more infrequent physical damage claims than congested cities.
The price range example below illustrates how geographic area affects insurance prices.
The ranges above illustrate why anyone shopping for car insurance should compare rates quotes for a targeted area and their own driving history, rather than using rate 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.
Rates by State, City, and Model
The chart below illustrates estimated Chevrolet Silverado insurance rates for other coverage scenarios.
- The best full coverage rate is $827
- Raising to $1,000 deductibles will save approximately $168 each year
- The average price for the average middle-age driver who has $500 deductibles is $1,424
- Buying more expensive low deductibles increases the price to $1,752
- Unlucky drivers with multiple tickets or accidents could pay up to $3,088 or more
- The price to insure a teenage driver with full coverage can cost as much as $5,494
Auto insurance prices for a Chevrolet Silverado are also quite variable based on deductibles and policy limits, your risk profile, and the model year and trim level.
Opting for high physical damage deductibles can reduce prices by up to $500 a year, while increasing your policy's liability limits will increase premiums. Switching from a 50/100 liability limit to a 250/500 limit will increase prices by as much as $398 extra every year. View Rates by Deductible or Liability Limit
An older driver with a good driving record and higher deductibles may only pay around $1,300 every 12 months on average for full coverage. Prices are highest for teenage drivers, since even excellent drivers will have to pay at least $5,400 a year. View Rates by Age
If you have some driving violations or you were responsible for an accident, you are probably paying $1,700 to $2,400 in extra premium each year, depending on your age. High-risk driver insurance is expensive and can cost around 44% to 133% more than the average rate. View High Risk Driver Rates
The state you live in also has a big influence on Chevrolet Silverado insurance rates. A middle-age driver might find prices as low as $930 a year in states like North Carolina, Wisconsin, and Vermont, or at least $1,920 on average in Florida, New York, and Michigan.
| State | Premium | Compared to U.S. Avg | Percent Difference |
|---|---|---|---|
| Alabama | $1,286 | -$138 | -9.7% |
| Alaska | $1,092 | -$332 | -23.3% |
| Arizona | $1,182 | -$242 | -17.0% |
| Arkansas | $1,424 | -$0 | 0.0% |
| California | $1,622 | $198 | 13.9% |
| Colorado | $1,358 | -$66 | -4.6% |
| Connecticut | $1,462 | $38 | 2.7% |
| Delaware | $1,612 | $188 | 13.2% |
| Florida | $1,780 | $356 | 25.0% |
| Georgia | $1,316 | -$108 | -7.6% |
| Hawaii | $1,020 | -$404 | -28.4% |
| Idaho | $964 | -$460 | -32.3% |
| Illinois | $1,058 | -$366 | -25.7% |
| Indiana | $1,074 | -$350 | -24.6% |
| Iowa | $962 | -$462 | -32.4% |
| Kansas | $1,350 | -$74 | -5.2% |
| Kentucky | $1,940 | $516 | 36.2% |
| Louisiana | $2,108 | $684 | 48.0% |
| Maine | $878 | -$546 | -38.3% |
| Maryland | $1,174 | -$250 | -17.6% |
| Massachusetts | $1,138 | -$286 | -20.1% |
| Michigan | $2,470 | $1,046 | 73.5% |
| Minnesota | $1,192 | -$232 | -16.3% |
| Mississippi | $1,704 | $280 | 19.7% |
| Missouri | $1,262 | -$162 | -11.4% |
| Montana | $1,528 | $104 | 7.3% |
| Nebraska | $1,122 | -$302 | -21.2% |
| Nevada | $1,706 | $282 | 19.8% |
| New Hampshire | $1,026 | -$398 | -27.9% |
| New Jersey | $1,592 | $168 | 11.8% |
| New Mexico | $1,258 | -$166 | -11.7% |
| New York | $1,498 | $74 | 5.2% |
| North Carolina | $820 | -$604 | -42.4% |
| North Dakota | $1,166 | -$258 | -18.1% |
| Ohio | $980 | -$444 | -31.2% |
| Oklahoma | $1,458 | $34 | 2.4% |
| Oregon | $1,304 | -$120 | -8.4% |
| Pennsylvania | $1,356 | -$68 | -4.8% |
| Rhode Island | $1,898 | $474 | 33.3% |
| South Carolina | $1,288 | -$136 | -9.6% |
| South Dakota | $1,200 | -$224 | -15.7% |
| Tennessee | $1,244 | -$180 | -12.6% |
| Texas | $1,714 | $290 | 20.4% |
| Utah | $1,052 | -$372 | -26.1% |
| Vermont | $974 | -$450 | -31.6% |
| Virginia | $852 | -$572 | -40.2% |
| Washington | $1,098 | -$326 | -22.9% |
| West Virginia | $1,304 | -$120 | -8.4% |
| Wisconsin | $986 | -$438 | -30.8% |
| Wyoming | $1,268 | -$156 | -11.0% |
Since prices can be so different, the only way to figure out which car insurance is cheapest is to compare prices and see how they stack up. Every auto insurance company utilizes a different rate formula, and quoted prices may be quite different.
Insurance Rates by Trim Level and Model Year
| Model and Trim | Annual Premium | Monthly Premium |
|---|---|---|
| LS Regular Cab 2WD | $1,234 | $103 |
| LS Regular Cab 4WD | $1,194 | $100 |
| LT Regular Cab 2WD | $1,348 | $112 |
| LT Regular Cab | $1,348 | $112 |
| LS Extended Cab 4WD | $1,296 | $108 |
| LT Extended Cab 4WD | $1,296 | $108 |
| LS Extended Cab 2WD | $1,386 | $116 |
| LT Extended Cab 2WD | $1,386 | $116 |
| LS Crew Cab 2WD | $1,424 | $119 |
| LT Crew Cab 2WD | $1,424 | $119 |
| LS Crew Cab 4WD | $1,344 | $112 |
| LT Crew Cab 4WD | $1,344 | $112 |
| LTZ Extended Cab 2WD | $1,462 | $122 |
| LTZ Extended Cab 4WD | $1,382 | $115 |
| LTZ Crew Cab 2WD | $1,500 | $125 |
| LTZ Crew Cab 4WD | $1,420 | $118 |
| Crew Cab Hybrid 2WD | $1,446 | $121 |
| Crew Cab Hybrid 4WD | $1,478 | $123 |
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 | $294 | $536 | $450 | $1,460 |
| 2023 Chevrolet Silverado | $284 | $524 | $470 | $1,458 |
| 2022 Chevrolet Silverado | $274 | $502 | $486 | $1,442 |
| 2021 Chevrolet Silverado | $260 | $484 | $500 | $1,424 |
| 2019 Chevrolet Silverado | $240 | $424 | $514 | $1,358 |
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 Shop for More Affordable Chevrolet Silverado Insurance
Getting lower rates on auto insurance consists of not taking risks behind the wheel, having a good credit score, not filing small claims, and qualifying for all possible discounts. Invest the time to compare rates at least once a year by requesting quotes from direct insurance companies like Progressive, GEICO, and Esurance, and also from insurance agencies where you live.
The following is a summary of the primary concepts that were presented in the illustrations above.
- It is possible to save approximately $170 per year simply by shopping early and online
- Drivers who have multiple accidents or major violations could be forced to pay on average $1,660 more annually for Silverado insurance
- Increasing physical damage deductibles could save as much as $500 each year
- Teens are the costliest to insure, as much as $458 a month if comprehensive and collision insurance is included
Rate Tables and Charts
Rates by Driver Age
| Driver Age | Premium |
|---|---|
| 16 | $5,494 |
| 20 | $3,298 |
| 30 | $1,470 |
| 40 | $1,424 |
| 50 | $1,304 |
| 60 | $1,278 |
Full coverage, $500 deductibles
Rates by Deductible
| Deductible | Premium |
|---|---|
| $100 | $1,752 |
| $250 | $1,598 |
| $500 | $1,424 |
| $1,000 | $1,256 |
Full coverage, driver age 40
Rates by Liability Limit
| Liability Limit | Premium |
|---|---|
| 30/60 | $1,424 |
| 50/100 | $1,566 |
| 100/300 | $1,677 |
| 250/500 | $1,964 |
| 100 CSL | $1,611 |
| 300 CSL | $1,854 |
| 500 CSL | $2,031 |
Full coverage, driver age 40
Rates for High Risk Drivers
| Age | Premium |
|---|---|
| 16 | $7,812 |
| 20 | $5,258 |
| 30 | $3,144 |
| 40 | $3,088 |
| 50 | $2,952 |
| 60 | $2,926 |
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 | $75 |
| Multi-vehicle | $76 |
| Homeowner | $22 |
| 5-yr Accident Free | $101 |
| 5-yr Claim Free | $92 |
| Paid in Full/EFT | $62 |
| Advance Quote | $69 |
| Online Quote | $100 |
| Total Discounts | $597 |
Discounts are estimated and may not be available from every company or in every state.
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