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...

Insurance Lawyer

UPDATED: Apr 29, 2024

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Average insurance prices for a Chevrolet Silverado are $1,458 every 12 months for full coverage insurance. Comprehensive costs on average $284 each year, collision costs $524, and liability costs $470. Liability-only coverage costs as little as $536 a year, with high-risk coverage costing around $3,158. Teen drivers receive the highest rates at $5,542 a year or more.

Average premium for full coverage: $1,458

Rate estimates by individual coverage type:

Comprehensive $284
Collision $524
Liability $470

Price estimates include $500 deductibles, 30/60 bodily injury liability limits, and includes medical and UM/UIM coverage. Rates are averaged for all 50 states and Silverado models.

Price Range by Coverage and Risk

For an average driver, prices range go from the cheapest price of $536 for just liability insurance to a high rate of $3,158 for a driver who requires high-risk insurance.

Liability Only $536
Full Coverage $1,458
High Risk $3,158

Price Range by Location

Your location can have significant affects on insurance rates. Rural areas tend to have more infrequent physical damage claims than larger metro areas.

The graphic below illustrates the effect of geographic area on car insurance rates.

Rural Areas $1,094
Small Cities $1,531
Large Cities $1,968

These examples illustrate why all drivers should compare rates based on a specific location and their own driving history, instead of using 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.

More Rate Details

The chart below illustrates estimated Chevrolet Silverado insurance rates for different risk profiles and scenarios.

  • The lowest rate with discounts is $845
  • Drivers who choose higher $1,000 deductibles will pay around $184 each year
  • The average price for a 40-year-old driver with $500 deductibles is $1,458
  • Choosing low deductibles for comprehensive and collision insurance increases the price to $1,814
  • Higher-risk drivers with multiple violations and an at-fault accident could pay upwards of $3,158 or more
  • The cost to insure a teen driver may cost $5,542 a year

View Chart as Image

Chevrolet Silverado insurance cost comparison chart
Column chart showing full coverage Chevrolet Silverado insurance rates range from $845 to $5,542

Car insurance rates for a Chevrolet Silverado can also vary considerably based on policy deductibles and limits, your risk profile, and the trim level of your Silverado.

Choosing high deductibles could save up to $540 every year, whereas increasing liability limits will cost you more. Switching from a 50/100 liability limit to a 250/500 limit will cost as much as $375 extra every 12 months. View Rates by Deductible or Liability Limit

More mature drivers with no driving violations and higher deductibles may pay as little as $1,400 per year on average for full coverage. Rates are highest for teen drivers, since even excellent drivers will be charged upwards of $5,500 a year. View Rates by Age

If you like to drive fast or you were responsible for an accident, you are probably paying at a minimum $1,700 to $2,400 extra per year, depending on your age. Insurance for high-risk drivers can cost as much as 43% to 130% more than average. View High Risk Driver Rates

Where you live makes a big difference in Chevrolet Silverado insurance prices. A 40-year-old driver could pay as low as $950 a year in states like Vermont, Wisconsin, and North Carolina, or as much as $1,970 on average in Michigan, New York, and Florida.

Chevrolet Silverado Insurance Rates by State
State Premium Compared to U.S. Avg Percent Difference
Alabama $1,316 -$142 -9.7%
Alaska $1,118 -$340 -23.3%
Arizona $1,210 -$248 -17.0%
Arkansas $1,458 -$0 0.0%
California $1,660 $202 13.9%
Colorado $1,392 -$66 -4.5%
Connecticut $1,498 $40 2.7%
Delaware $1,650 $192 13.2%
Florida $1,824 $366 25.1%
Georgia $1,346 -$112 -7.7%
Hawaii $1,046 -$412 -28.3%
Idaho $986 -$472 -32.4%
Illinois $1,084 -$374 -25.7%
Indiana $1,098 -$360 -24.7%
Iowa $984 -$474 -32.5%
Kansas $1,384 -$74 -5.1%
Kentucky $1,988 $530 36.4%
Louisiana $2,158 $700 48.0%
Maine $900 -$558 -38.3%
Maryland $1,202 -$256 -17.6%
Massachusetts $1,164 -$294 -20.2%
Michigan $2,530 $1,072 73.5%
Minnesota $1,220 -$238 -16.3%
Mississippi $1,748 $290 19.9%
Missouri $1,292 -$166 -11.4%
Montana $1,566 $108 7.4%
Nebraska $1,148 -$310 -21.3%
Nevada $1,748 $290 19.9%
New Hampshire $1,050 -$408 -28.0%
New Jersey $1,630 $172 11.8%
New Mexico $1,290 -$168 -11.5%
New York $1,538 $80 5.5%
North Carolina $840 -$618 -42.4%
North Dakota $1,192 -$266 -18.2%
Ohio $1,006 -$452 -31.0%
Oklahoma $1,496 $38 2.6%
Oregon $1,334 -$124 -8.5%
Pennsylvania $1,388 -$70 -4.8%
Rhode Island $1,944 $486 33.3%
South Carolina $1,322 -$136 -9.3%
South Dakota $1,230 -$228 -15.6%
Tennessee $1,274 -$184 -12.6%
Texas $1,754 $296 20.3%
Utah $1,078 -$380 -26.1%
Vermont $998 -$460 -31.6%
Virginia $872 -$586 -40.2%
Washington $1,124 -$334 -22.9%
West Virginia $1,336 -$122 -8.4%
Wisconsin $1,008 -$450 -30.9%
Wyoming $1,298 -$160 -11.0%

View Chart as Image

Chevrolet Silverado insurance rates by U.S. city

With so much variability in rates, the only way to figure out exactly what you will pay is to do a rate comparison and see which company has the best rate. Every company uses a different rate calculation, 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 $1,252 $104
LS Regular Cab 4WD $1,218 $102
LT Regular Cab 2WD $1,376 $115
LT Regular Cab $1,376 $115
LS Extended Cab 4WD $1,328 $111
LT Extended Cab 4WD $1,328 $111
LS Extended Cab 2WD $1,416 $118
LT Extended Cab 2WD $1,416 $118
LS Crew Cab 2WD $1,458 $122
LT Crew Cab 2WD $1,458 $122
LS Crew Cab 4WD $1,382 $115
LT Crew Cab 4WD $1,382 $115
LTZ Extended Cab 2WD $1,498 $125
LTZ Extended Cab 4WD $1,422 $119
LTZ Crew Cab 2WD $1,540 $128
LTZ Crew Cab 4WD $1,464 $122
Crew Cab Hybrid 2WD $1,492 $124
Crew Cab Hybrid 4WD $1,528 $127

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 $322 $562 $420 $1,484
2023 Chevrolet Silverado $306 $542 $440 $1,468
2022 Chevrolet Silverado $294 $536 $450 $1,460
2021 Chevrolet Silverado $284 $524 $470 $1,458
2019 Chevrolet Silverado $260 $484 $500 $1,424

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 Cheaper Chevrolet Silverado Insurance

Saving money on car insurance not only requires not taking risks behind the wheel, but also maintaining a good credit score, avoid buying unnecessary coverage, and maximizing policy discounts. Take the time to compare rates at every other renewal by getting quotes from direct insurance companies like GEICO, Progressive, and Esurance, and also from several local insurance agents.

The following is a condensed summary of the concepts that were covered in the above illustrations.

  • Higher risk drivers with multiple at-fault accidents pay on average $1,700 more each year for Silverado insurance
  • Teens are expensive to insure, costing up to $462 per month if the policy includes full coverage
  • It is possible to save as much as $170 per year simply by quoting online in advance
  • Increasing deductibles could save as much as $550 each year
  • It is possible to save as much as $170 per year simply by quoting online in advance

Rates by Driver Age

Chevrolet Silverado Insurance Rates by Driver Age
Driver Age Premium
16 $5,542
20 $3,374
30 $1,512
40 $1,458
50 $1,334
60 $1,310

Full coverage, $500 deductibles

Rates by Deductible

Chevrolet Silverado Insurance Rates with Different Deductibles
Deductible Premium
$100 $1,814
$250 $1,650
$500 $1,458
$1,000 $1,274

Full coverage, driver age 40

Rates by Liability Limit

Chevrolet Silverado Insurance Rates with Different Liability Limits
Liability Limit Premium
30/60 $1,458
50/100 $1,611
100/300 $1,715
250/500 $1,986
100 CSL $1,653
300 CSL $1,882
500 CSL $2,048

Full coverage, driver age 40

Rates for High Risk Drivers

Chevrolet Silverado Insurance Rates for High Risk Drivers
Age Premium
16 $7,890
20 $5,368
30 $3,218
40 $3,158
50 $3,016
60 $2,988

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 $203

Potential Rate Discounts

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

Discount Savings
Multi-policy $77
Multi-vehicle $77
Homeowner $22
5-yr Accident Free $105
5-yr Claim Free $94
Paid in Full/EFT $65
Advance Quote $71
Online Quote $102
Total Discounts $613
Rate after discounts $845

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

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