Chevrolet Silverado Insurance Rates

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Jeffrey Johnson

Insurance Lawyer

Jeffrey Johnson is a legal writer with a focus on personal injury. He has worked on personal injury and sovereign immunity litigation in addition to experience in family, estate, and criminal law. He earned a J.D. from the University of Baltimore and has worked in legal offices and non-profits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman Univer...

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UPDATED: Apr 29, 2024

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The average auto insurance rates for a Chevrolet Silverado are $1,442 annually including full coverage. Comprehensive costs approximately $274, collision costs $502, and liability insurance is $486. A liability-only policy costs around $548 a year, with high-risk insurance costing around $3,122. Teen drivers cost the most to insure at $5,516 a year or more.

Average premium for full coverage: $1,442

Policy rates by type of insurance:

Comprehensive $274
Collision $502
Liability $486

Full coverage includes $500 comprehensive and collision deductibles, 30/60 liability limits, and includes both medical and uninsured motorist insurance. Prices are averaged for all 50 U.S. states and for different Silverado trim levels.

Price Range Variability

Using a middle-aged driver as an example, Chevrolet Silverado insurance rates go from as cheap as $548 for minimum levels of liability insurance to a much higher rate of $3,122 for a driver required to buy high-risk insurance.

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

Urban vs. Rural Price Range

Choosing to live in a large city has a significant impact on car insurance prices. Rural locations are shown to have fewer comprehensive and collision claims than larger metro areas.

The price range example below illustrates how where you live affects auto insurance prices.

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

The examples above highlight why anyone shopping for car insurance should compare rates quotes using their specific location and their own personal driving habits, rather than relying on price 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 Rate Details

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

  • The lowest rate with discounts is $837
  • Raising to $1,000 deductibles will save $176 every year
  • The estimated rate for a good driver age 40 who chooses $500 deductibles is $1,442
  • Choosing more expensive low deductibles will cost $1,784
  • Higher-risk drivers with multiple violations and an at-fault accident could pay around $3,122 or more
  • Policy cost with full coverage for a teen driver with full coverage can cost $5,516

View Chart as Image

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

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

An older driver with no driving violations and high physical damage deductibles could pay as little as $1,300 every 12 months on average, or $108 per month, for full coverage. Rates are highest for teenagers, where even without any violations or accidents they will be charged in the ballpark of $5,500 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 anywhere from $1,700 to $2,400 extra every year, depending on your age. High-risk driver insurance is expensive and can cost anywhere from 44% to 131% more than average. View High Risk Driver Rates

Choosing high deductibles can reduce rates by up to $520 each year, while increasing your policy's liability limits will push rates upward. Changing from a 50/100 bodily injury limit to a 250/500 limit will raise rates by up to $387 extra every 12 months. View Rates by Deductible or Liability Limit

Your home state also has a big influence on Chevrolet Silverado insurance rates. A middle-age driver might find rates as low as $1,110 a year in states like Vermont, New Hampshire, and Missouri, or 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

Because rates have so much variability, the best way to figure out who has the best auto insurance rates is to compare rates from as many companies as possible. Every auto insurance company uses a different rate calculation, so rate quotes will be varied between companies.

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 Buy More Affordable Chevrolet Silverado Insurance

Finding cheaper rates on Chevrolet Silverado insurance consists of avoiding accidents and violations, having a good credit score, paying for small claims out-of-pocket, and avoiding coverage lapses. Take the time to comparison shop at every policy renewal by getting rate quotes from direct car insurance companies like Progressive, GEICO, and Esurance, and also from local insurance agencies.

The list below is a summary of the data touched on in the above illustrations.

  • Drivers who purchase higher liability limits will pay about $540 per year to raise from a 30/60 limit to higher 250/500 limits
  • You may be able to save around $170 per year simply by shopping early and online
  • Increasing comprehensive and collision deductibles could save up to $525 each year
  • Teenagers pay the highest auto insurance rates, with premiums being up to $460 each month if comprehensive and collision insurance is included

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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