Chevrolet Silverado Insurance Rates
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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:
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.
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.
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
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.
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% |
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
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 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
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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