Chevrolet Silverado Insurance Rates
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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
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Estimated insurance prices for a Chevrolet Silverado are $1,442 every 12 months for full coverage insurance. Comprehensive costs on average $274, collision insurance costs $502, and liability is $486. A liability-only policy costs around $548 a year, and high-risk insurance costs around $3,122. Teenage drivers pay the most at up to $5,516 a year.
Average premium for full coverage: $1,442
Premium estimates by type of coverage:
Rate estimates include $500 physical damage deductibles, 30/60 bodily injury liability limits, and includes medical and UM/UIM coverage. Rates include averaging for all 50 states and for different Silverado trim levels.
Insurance Price Range by Risk and Coverage
For a driver in their 40's, insurance rates for a Chevrolet Silverado range from the cheapest price of $548 for just liability insurance to a much higher rate of $3,122 for a driver who requires high-risk insurance.
Insurance Price Range by Location
Choosing to live in a large city can have significant affects on insurance rates. Rural areas are statistically proven to have more infrequent physical damage claims than densely populated cities. The price range example below illustrates how location helps determine car insurance rates.
These rate differences illustrate why anyone shopping for car insurance should compare rates quotes based on a specific location and their own driving history, instead of 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.
More Rate Details
The chart below illustrates average Chevrolet Silverado insurance rates for different risk profiles and scenarios.
- The best discount rate is $837
- Raising to $1,000 deductibles will save around $176 each year
- The average price for a 40-year-old good driver with $500 deductibles is $1,442
- Using more expensive low deductibles increases the price to $1,784
- At-risk drivers who are prone to accidents and violations could pay upwards of $3,122
- An auto insurance policy to insure a teen driver with full coverage may cost $5,516
Auto insurance prices for a Chevrolet Silverado also have a wide range based on physical damage deductibles and liability limits, your risk profile, and the trim level of your Silverado.
Using high physical damage deductibles can reduce prices by up to $520 every year, while increasing your policy's liability limits will cost you more. Switching from a 50/100 liability limit to a 250/500 limit will cost up to $387 extra every year. View Rates by Deductible or Liability Limit
An older driver with a good driving record and higher deductibles may pay as little as $1,300 every 12 months on average, or $108 per month, for full coverage. Prices are much higher for drivers in their teens, since even excellent drivers will have to pay upwards of $5,500 a year. View Rates by Age
If you have a few violations or you were responsible for an accident, you are probably paying at a minimum $1,700 to $2,400 in extra premium annually, depending on your age. High-risk driver insurance is expensive and can cost as much as 44% to 131% more than a normal policy. View High Risk Driver Rates
Where you choose to live also has a big influence on Chevrolet Silverado insurance prices. A middle-age driver might find prices as low as $940 a year in states like Vermont, Wisconsin, and North Carolina, or be forced to pay as much as $1,940 on average in Michigan, New York, 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% |
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 Shop for the Best Chevrolet Silverado Insurance
Finding better rates on car insurance consists of being a safe and courteous driver, having a good credit score, paying for small claims out-of-pocket, and deciding if full coverage is necessary. Invest time comparing rates at every other renewal by getting quotes from direct insurance companies, and also from several local insurance agents.
Below is a brief recap of the concepts that were covered in the charts and tables above.
- Higher risk drivers who tend to receive serious violations pay on average $1,680 more each year for auto insurance
- Teenage drivers are charged the highest prices, with premiums being up to $460 per month if comprehensive and collision insurance is included
- It is possible to save as much as $170 per year just by shopping early and online
- Increasing policy deductibles could save as much as $525 each year
- It is possible to save as much as $170 per year just 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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