Chevrolet Silverado Insurance Rates

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UPDATED: Apr 29, 2024

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Average insurance rates for a Chevrolet Silverado are $1,442 a year including full coverage. Comprehensive insurance costs approximately $274 each year, collision costs $502, and liability coverage is estimated at $486. Liability-only coverage costs approximately $548 a year, with high-risk coverage costing $3,122 or more. Teenage drivers receive the highest rates at $5,516 a year or more.

Average premium for full coverage: $1,442

Rate estimates by individual coverage type:

Comprehensive $274
Collision $502
Liability $486

Full coverage includes $500 policy deductibles, liability coverage up to 30/60, and includes medical and uninsured motorist coverage. Rates are averaged for all 50 U.S. states and Silverado models.

Price Range by Coverage and Risk

For a 40-year-old driver, prices range go from the low end price of $548 for just liability coverage to a high rate of $3,122 for a high-risk driver policy.

Liability Only $548
Full Coverage $1,442
High Risk $3,122

Price Range by Location

Living in a larger city has a large influence on car insurance prices. Rural locations tend to have lower incidents of comprehensive and collision claims than densely populated cities.

The graphic below illustrates how your location can change auto insurance prices.

Rural Areas $1,082
Small Cities $1,514
Large Cities $1,947

These examples highlight why all drivers should get quotes using their specific location, rather than using average rates.

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.

Detailed Rate Analysis

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

  • The best discount rate is $837
  • Choosing higher $1,000 deductibles can save $176 every year
  • The estimated price for a 40-year-old driver who chooses $500 deductibles is $1,442
  • Using low deductibles for comp and collision coverage will cost an additional $342 each year
  • Drivers who are prone to accidents and violations could pay around $3,122 or more
  • The cost that insures a teenage driver can cost $5,516 each year

View Chart as Image

Chevrolet Silverado insurance cost comparison chart
Column chart showing full coverage Chevrolet Silverado insurance prices range from $837 to $5,516

Car insurance rates for a Chevrolet Silverado can also vary considerably based on the trim level and model year, your driving record and age, and physical damage deductibles and liability limits.

If you like to drive fast or you caused an accident, you are likely paying anywhere from $1,700 to $2,400 extra per year, depending on your age. Insurance for high-risk drivers ranges around 44% to 131% more than a normal policy. View High Risk Driver Rates

More mature drivers with no driving violations and higher comprehensive and collision deductibles may only pay around $1,300 annually on average for full coverage. Rates are much higher for teen drivers, since even teens with perfect driving records will be charged in the ballpark of $5,500 a year. View Rates by Age

Where you live plays a big part in determining prices for Chevrolet Silverado insurance rates. A good driver about age 40 could pay as low as $1,110 a year in states like Vermont, New Hampshire, and Missouri, or be forced to pay as much as $2,050 on average in Louisiana, New York, and Michigan.

Chevrolet Silverado Insurance Rates by State
State Premium Compared to U.S. Avg Percent Difference
Alabama $1,302 -$140 -9.7%
Alaska $1,104 -$338 -23.4%
Arizona $1,196 -$246 -17.1%
Arkansas $1,442 -$0 0.0%
California $1,640 $198 13.7%
Colorado $1,376 -$66 -4.6%
Connecticut $1,480 $38 2.6%
Delaware $1,630 $188 13.0%
Florida $1,802 $360 25.0%
Georgia $1,332 -$110 -7.6%
Hawaii $1,032 -$410 -28.4%
Idaho $976 -$466 -32.3%
Illinois $1,072 -$370 -25.7%
Indiana $1,086 -$356 -24.7%
Iowa $972 -$470 -32.6%
Kansas $1,366 -$76 -5.3%
Kentucky $1,964 $522 36.2%
Louisiana $2,132 $690 47.9%
Maine $892 -$550 -38.1%
Maryland $1,188 -$254 -17.6%
Massachusetts $1,150 -$292 -20.2%
Michigan $2,500 $1,058 73.4%
Minnesota $1,206 -$236 -16.4%
Mississippi $1,726 $284 19.7%
Missouri $1,278 -$164 -11.4%
Montana $1,548 $106 7.4%
Nebraska $1,136 -$306 -21.2%
Nevada $1,728 $286 19.8%
New Hampshire $1,040 -$402 -27.9%
New Jersey $1,610 $168 11.7%
New Mexico $1,274 -$168 -11.7%
New York $1,516 $74 5.1%
North Carolina $830 -$612 -42.4%
North Dakota $1,180 -$262 -18.2%
Ohio $994 -$448 -31.1%
Oklahoma $1,478 $36 2.5%
Oregon $1,320 -$122 -8.5%
Pennsylvania $1,372 -$70 -4.9%
Rhode Island $1,922 $480 33.3%
South Carolina $1,306 -$136 -9.4%
South Dakota $1,218 -$224 -15.5%
Tennessee $1,260 -$182 -12.6%
Texas $1,734 $292 20.2%
Utah $1,064 -$378 -26.2%
Vermont $986 -$456 -31.6%
Virginia $860 -$582 -40.4%
Washington $1,112 -$330 -22.9%
West Virginia $1,320 -$122 -8.5%
Wisconsin $998 -$444 -30.8%
Wyoming $1,282 -$160 -11.1%

View Chart as Image

Chevrolet Silverado insurance rates by U.S. city

Using high physical damage deductibles can save as much as $520 a year, whereas increasing liability limits will push rates upward. Changing from a 50/100 bodily injury protection limit to a 250/500 limit will cost as much as $387 extra every 12 months. View Rates by Deductible or Liability Limit

With so much variability in rates, the best way to figure out who has the best auto insurance rates is to do a rate comparison and see how they stack up. Each auto insurer uses a different method to calculate rates, so rate quotes can be significantly different.

Insurance Rates by Trim Level and Model Year

Chevrolet Silverado Insurance Rates by Model and Trim Level
Model and Trim Annual Premium Monthly Premium
LS Regular Cab 2WD $1,244 $104
LS Regular Cab 4WD $1,206 $101
LT Regular Cab 2WD $1,362 $114
LT Regular Cab $1,362 $114
LS Extended Cab 4WD $1,312 $109
LT Extended Cab 4WD $1,312 $109
LS Extended Cab 2WD $1,402 $117
LT Extended Cab 2WD $1,402 $117
LS Crew Cab 2WD $1,442 $120
LT Crew Cab 2WD $1,442 $120
LS Crew Cab 4WD $1,364 $114
LT Crew Cab 4WD $1,364 $114
LTZ Extended Cab 2WD $1,482 $124
LTZ Extended Cab 4WD $1,404 $117
LTZ Crew Cab 2WD $1,522 $127
LTZ Crew Cab 4WD $1,444 $120
Crew Cab Hybrid 2WD $1,472 $123
Crew Cab Hybrid 4WD $1,506 $126

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.

Chevrolet Silverado Insurance Rates by Model Year
Model Year Comprehensive Collision Liability Total Premium
2024 Chevrolet Silverado $306 $542 $440 $1,468
2023 Chevrolet Silverado $294 $536 $450 $1,460
2022 Chevrolet Silverado $284 $524 $470 $1,458
2021 Chevrolet Silverado $274 $502 $486 $1,442
2019 Chevrolet Silverado $250 $450 $510 $1,390

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

Saving money on auto insurance takes avoiding accidents and claims, having a positive credit history, not filing small claims, and avoiding coverage lapses. Compare prices every time your policy renews by getting rate quotes from direct car insurance companies like Progressive, GEICO, and Esurance, and also from local auto insurance providers.

The points below are a summary of the information illustrated above.

  • You may be able to save around $170 per year simply by quoting online in advance
  • Drivers under the age of 20 pay the highest auto insurance rates, as much as $460 per month if full coverage is purchased
  • Increasing deductibles can save approximately $525 each year
  • Drivers who have multiple accidents or major violations will likely pay on average $1,680 more per year to insure a Chevrolet Silverado
  • Consumers who purchase increased liability limits will pay an extra $540 per year to raise limits from a minimum limit to the 250/500 level

Rates by Driver Age

Chevrolet Silverado Insurance Rates by Driver Age
Driver Age Premium
16 $5,516
20 $3,332
30 $1,492
40 $1,442
50 $1,320
60 $1,294

Full coverage, $500 deductibles

Rates by Deductible

Chevrolet Silverado Insurance Rates with Different Deductibles
Deductible Premium
$100 $1,784
$250 $1,626
$500 $1,442
$1,000 $1,266

Full coverage, driver age 40

Rates by Liability Limit

Chevrolet Silverado Insurance Rates with Different Liability Limits
Liability Limit Premium
30/60 $1,442
50/100 $1,592
100/300 $1,700
250/500 $1,979
100 CSL $1,635
300 CSL $1,872
500 CSL $2,044

Full coverage, driver age 40

Rates for High Risk Drivers

Chevrolet Silverado Insurance Rates for High Risk Drivers
Age Premium
16 $7,844
20 $5,308
30 $3,180
40 $3,122
50 $2,982
60 $2,956

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.

SR-22 Surcharge $201

Potential Rate Discounts

If you qualify for discounts, you may save the amounts shown below.

Discount Savings
Multi-policy $76
Multi-vehicle $77
Homeowner $22
5-yr Accident Free $103
5-yr Claim Free $93
Paid in Full/EFT $63
Advance Quote $70
Online Quote $101
Total Discounts $605
Rate after discounts $837

Discounts are estimated and may not be available from every company or in every state.

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