Chevrolet Silverado Insurance Rates
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Michelle Robbins
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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...
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UPDATED: Apr 29, 2024
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The average insurance rates for a Chevrolet Silverado are $1,442 a year with full coverage. Comprehensive costs an estimated $274, collision costs $502, and liability insurance costs around $486. Buying just liability costs as low as $548 a year, with insurance for high-risk drivers costing around $3,122. 16-year-old drivers cost the most to insure at $5,516 a year or more.
Average premium for full coverage: $1,442
Policy rates broken down by type of insurance:
Rate estimates include $500 comprehensive and collision deductibles, bodily injury liability limits of 30/60, and includes UM/UIM and medical coverage. Prices are averaged for all U.S. states and for different Silverado trim levels.
Price Range Variability
For a driver in their 40's, Chevrolet Silverado insurance rates go from the low end price of $548 for a discount liability-only rate to a much higher rate of $3,122 for a driver who has had serious violations or accidents.
Urban vs. Rural Price Range
Where you live has a significant impact on car insurance rates. More rural locations are shown to have lower incidents of collision claims than congested cities.
The price range example below illustrates how location helps determine insurance prices.
The examples above demonstrate why anyone shopping for car insurance should compare prices for a targeted area, rather than relying 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.
Rates by State, City, and Model
The chart below details estimated Chevrolet Silverado insurance rates for other coverage scenarios.
- The best full coverage rate is $837
- Using higher $1,000 deductibles will save approximately $176 annually
- The estimated price for a good driver age 40 who has $500 deductibles is $1,442
- Buying more expensive low deductibles for physical damage coverage bumps up the cost to $1,784
- Drivers with multiple tickets or accidents could pay up to $3,122 or more
- Policy cost that insures a teen driver with full coverage can cost as much as $5,516 or more
Insurance rates for a Chevrolet Silverado also range considerably based on the model year and trim level, your age and driving habits, and liability limits and deductibles.
If you have a few points on your driving record or you caused an accident, you may be forking out $1,700 to $2,400 extra every year, depending on your age. High-risk driver insurance can be anywhere from 44% to 131% more than the average rate. View High Risk Driver Rates
An older driver with a clean driving record and higher comprehensive and collision deductibles could pay as little as $1,300 a year, or $108 per month, for full coverage. Rates are highest for teenagers, since even teens with perfect driving records can expect to pay at least $5,500 a year. View Rates by Age
Your home state has a huge impact on Chevrolet Silverado insurance rates. A driver around age 40 might see rates as low as $1,040 a year in states like Utah, Ohio, and New Hampshire, or at least $1,940 on average in New York, Michigan, and Florida.
| 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% |
Opting for high physical damage deductibles could cut rates by as much as $520 each year, while increasing your policy's liability limits will increase premiums. Moving from a 50/100 bodily injury protection limit to a 250/500 limit will raise rates by up to $387 more per year. View Rates by Deductible or Liability Limit
Because rates have so much variability, the best way to find out which auto insurance is cheapest is to compare rates from as many companies as possible. Each insurance company utilizes a different rate formula, so the rates will be varied.
Insurance Rates by Trim Level and Model Year
| 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.
| 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 the Best Chevrolet Silverado Insurance
Finding cheaper rates on Chevrolet Silverado insurance requires having a decent driving record, having above-average credit, not filing small claims, and taking advantage of discounts. Comparison shop every other policy renewal by getting quotes from direct companies, and also from insurance agencies where you live.
The following items are a brief recap of the ideas that were covered in the charts and tables above.
- 16 to 18-year-old drivers are charged the highest rates, as much as $460 each month if full coverage is included
- High-risk drivers who tend to receive serious violations could be forced to pay on average $1,680 more annually than a driver with a clean driving record
- Increasing comprehensive and collision deductibles can save approximately $525 each year
- You may be able to save approximately $170 per year simply by shopping early and online
Rate Tables and Charts
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
| Deductible | Premium |
|---|---|
| $100 | $1,784 |
| $250 | $1,626 |
| $500 | $1,442 |
| $1,000 | $1,266 |
Full coverage, driver age 40
Rates by Liability Limit
| 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
| 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.
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 |
Discounts are estimated and may not be available from every company or in every state.
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