Chevrolet Silverado Insurance Rates
Enter your zip code below to view companies that have cheap auto insurance rates.
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
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident car insurance decisions. Comparison shopping should be easy. We are not affiliated with any one car insurance provider and cannot guarantee quotes from any single provider.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.
The average auto insurance rates for a Chevrolet Silverado are $1,424 annually including full coverage. Comprehensive costs around $260, collision costs $484, and liability is estimated at $500. Buying just liability costs approximately $560 a year, with insurance for high-risk drivers costing around $3,088. 16-year-old drivers cost the most to insure at $5,494 a year or more.
Average premium for full coverage: $1,424
Policy rates for type of insurance:
Price estimates include $500 physical damage insurance deductibles, split liability limits of 30/60, and includes medical/PIP and uninsured motorist coverage. Prices are averaged for all 50 U.S. states and for different Silverado trim levels.
Price Range Variability
For the normal driver, Chevrolet Silverado insurance rates go from as cheap as $560 for liability-only coverage to a much higher rate of $3,088 for coverage for higher-risk drivers.
Urban vs. Rural Price Range
Living in a larger city can make a big difference on the price of insurance. Areas with sparse population are shown to have fewer comprehensive and collision claims than congested cities.
The price range example below illustrates how geographic area affects auto insurance rates.
The examples above highlight why anyone shopping for car insurance should get quotes for a specific zip code and their own personal driving habits, instead of making a decision based on 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.
Additional Charts and Tables
The chart below breaks down estimated Chevrolet Silverado insurance rates for additional coverage choices and driver risks.
- The best full coverage rate is $827
- Choosing higher $1,000 deductibles can save about $168 every year
- The estimated rate for a good driver age 40 using $500 deductibles is $1,424
- Buying more expensive low deductibles for comp and collision coverage will cost $1,752
- Higher-risk drivers with multiple tickets or accidents could pay at least $3,088 or more
- Policy cost with full coverage for a 16-year-old driver with full coverage can be $5,494 each year
Insurance rates for a Chevrolet Silverado also range considerably based on the model year and trim level, your driving characteristics, and deductibles and policy limits.
An older driver with a clean driving record and high physical damage deductibles may pay as low as $1,300 annually on average, or $108 per month, for full coverage. Rates are highest for teenagers, where even without any violations or accidents they can expect to pay as much as $5,400 a year. View Rates by Age
If you have a few points on your driving record or you caused a few accidents, you are likely paying at least $1,700 to $2,400 extra every year, depending on your age. High-risk driver insurance ranges from 44% to 133% more than the average rate. View High Risk Driver Rates
Opting for high physical damage deductibles can save as much as $500 annually, while increasing your policy's liability limits will increase rates. Changing from a 50/100 bodily injury limit to a 250/500 limit will raise rates by up to $398 more per year. View Rates by Deductible or Liability Limit
Your home state plays a big part in determining prices for Chevrolet Silverado insurance prices. A good driver about age 40 could pay as low as $1,090 a year in states like Missouri, New Hampshire, and Vermont, or at least $2,030 on average in Michigan, New York, and Louisiana.
| 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% |
Because rates have so much variability, the best way to figure out your exact price is to compare rates from multiple companies. Each auto insurer utilizes a different rate formula, so the rates will be varied between companies.
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 Buy Cheaper Chevrolet Silverado Insurance
Finding cheaper rates on insurance for a Chevrolet Silverado takes being a low-risk driver, having a good credit history, paying for small claims out-of-pocket, and insuring your home and auto with the same company. Invest the time to compare rates at least once a year by requesting rates from direct car insurance companies like Progressive, GEICO, and Esurance, and also from your local independent and exclusive agents.
The items below are a condensed summary of the primary concepts that were presented in the illustrations above.
- You may be able to save up to $170 per year simply by shopping early and online
- Drivers considered higher risk with multiple at-fault accidents may pay on average $1,660 more every year to insure their Silverado
- Increasing comprehensive and collision deductibles could save up to $500 each year
- Teen drivers pay higher rates, with premiums being up to $458 each month including comprehensive and collision insurance
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.
Compare Rates and Save
Find companies with the cheapest rates in your area
