Chevrolet Silverado Insurance Rates
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UPDATED: Jun 6, 2023
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Chevrolet Silverado car insurance rates amount to $1,484 a year, or around $124 a month on average. With a little research, it’s easy to find cheap auto insurance for the Chevy Silverado with numerous Chevrolet Silverado money-saving safety features.
There are a number of factors that ultimately determine Chevy Silverado insurance rates, such as the model year of your pickup. For example, the insurance cost for a 2017 Silverado or 1998 Chevrolet 1500 insurance cost will be more affordable than the newest available model.
Use this Chevrolet Silverado insurance overview to serve as your main point of reference as you explore car insurance options. Always compare quotes from multiple insurance companies before you buy Chevrolet Silverado auto insurance.
Want to know if you can qualify for affordable Chevrolet Silverado car insurance rates? Once you’re ready, enter your five-digit ZIP code to start comparing Chevrolet Silverado quotes from multiple companies near you.
Average auto insurance rates for a Chevrolet Silverado are $1,442 annually including full coverage. Comprehensive insurance costs approximately $274, collision costs $502, and liability insurance costs around $486. A liability-only policy costs as low as $548 a year, with high-risk insurance costing $3,122 or more. Teen drivers receive the highest rates at $5,516 a year or more.
Average premium for full coverage: $1,442
Rate estimates by individual coverage type:
Rates are based on $500 comprehensive and collision deductibles, 30/60 bodily injury liability limits, and includes UM/UIM and medical coverage. Rates are averaged for all 50 U.S. states and for all Silverado models.
Price Range by Coverage and Risk
For a driver in their 40's, prices range go from as cheap as $548 for a discount liability-only rate to the much higher price of $3,122 for a driver who requires high-risk insurance.
Price Range by Location
Where you live has a significant impact on car insurance prices. Rural locations tend to have fewer comprehensive and collision claims than larger metro areas.
The example below illustrates how location helps determine auto insurance prices.
These examples highlight why everyone should compare prices 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.
Rates by State, City, and Model
There are a ton of questions to consider when shopping for a new vehicle. If you’re looking to switch from a car to your first truck, be prepared for even more change. How much does it cost to insure a new truck? How much should my truck insurance be? There are a handful of factors that matter here.
Even for a specific brand, there can be a ton of variation. How much does it cost to insure my Chevrolet Silverado? This will depend on the driver, the model and year of the truck, and even your state. You can expect to spend nearly three times as much in a big city than in a suburban area.
How much is insurance on a 2020 Silverado? You’ll see below that you’d only need to pay a few more dollars per month on a new Silverado compared to a 2015 model. Let’s look at how the Chevy Silverado insurance rates can change.
The chart below breaks down estimated Chevrolet Silverado insurance rates for additional coverage and risk scenarios.
- The lowest rate with discounts is $837
- Using higher $1,000 deductibles will save $176 every year
- The estimated rate for a 40-year-old driver who chooses $500 deductibles is $1,442
- Choosing pricier low deductibles for physical damage coverage costs an additional $342 a year
- Drivers with multiple violations and an at-fault accident could pay around $3,122 or more
- The cost with full coverage for a teen driver for full coverage can cost $5,516 or more
Insurance rates for a Chevrolet Silverado can also vary considerably based on the trim level of your Silverado, your driving characteristics, and physical damage deductibles and liability limits.
A more mature driver with a clean driving record and high physical damage deductibles could pay as little as $1,300 a year for full coverage. Rates are highest for teen drivers, where even without any violations or accidents they can expect to pay in the ballpark of $5,500 a year. View Rates by Age
If you like to drive fast or you caused a few accidents, you are likely paying anywhere from $1,700 to $2,400 extra per year, depending on your age. Chevrolet Silverado insurance for high-risk drivers can be anywhere from 44% to 131% more than average. View High Risk Driver Rates
Choosing high deductibles could cut rates by as much as $520 each year, whereas buying more liability protection will push rates upward. Changing from a 50/100 bodily injury limit to a 250/500 limit will cost as much as $387 more per year. View Rates by Deductible or Liability Limit
Where you live has a huge impact on Chevrolet Silverado insurance rates. A driver around age 40 might see 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% |
With so much variability in rates, the best way to figure out who has the best auto insurance rates is to regularly compare rates from as many companies as possible. Each insurance company uses a different rate calculation, so the rates can be significantly different 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 2020 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 |
---|---|---|---|---|
2020 Chevrolet Silverado | $274 | $502 | $486 | $1,442 |
2018 Chevrolet Silverado | $250 | $450 | $510 | $1,390 |
2017 Chevrolet Silverado | $240 | $424 | $514 | $1,358 |
2016 Chevrolet Silverado | $230 | $380 | $520 | $1,310 |
2015 Chevrolet Silverado | $214 | $350 | $520 | $1,264 |
2014 Chevrolet Silverado | $206 | $328 | $524 | $1,238 |
2013 Chevrolet Silverado | $202 | $306 | $534 | $1,222 |
2012 Chevrolet Silverado | $186 | $284 | $534 | $1,184 |
2011 Chevrolet Silverado | $182 | $258 | $540 | $1,160 |
2010 Chevrolet Silverado | $170 | $236 | $534 | $1,120 |
2009 Chevrolet Silverado | $160 | $214 | $534 | $1,088 |
2008 Chevrolet Silverado | $154 | $192 | $530 | $1,056 |
2007 Chevrolet Silverado | $152 | $188 | $520 | $1,040 |
2006 Chevrolet Silverado | $150 | $178 | $510 | $1,018 |
2005 Chevrolet Silverado | $138 | $170 | $504 | $992 |
2004 Chevrolet Silverado | $132 | $162 | $500 | $974 |
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 the Best Cheap Chevrolet Silverado Insurance
Saving money on Chevrolet Silverado insurance requires having a decent driving record, having a good credit history, not filing small claims, and maximizing policy discounts. Invest time comparing rates at every other renewal by requesting quotes from direct car insurance companies like Progressive and GEICO, and also from local insurance agencies.
The following items are a quick review of the concepts that were covered in the charts and tables above.
- High-risk drivers with a DUI or reckless driving violation may have to pay on average $1,680 more per year than a driver with a clean driving record
- 16 to 18-year-old drivers are expensive to insure, as much as $460 per month including comprehensive and collision insurance
- You may be able to save around $170 per year simply by quoting online well ahead of the renewal date
- Increasing deductibles could save up to $525 each year
- You may be able to save around $170 per year simply by quoting online well ahead of the renewal date
As you can see from the information we’ve gone over to this point, it’s clear that there are differences in costs when it comes to a Chevy Silverado insurance policy. Are pickup trucks more expensive to insure? How much is truck insurance monthly?
Chevy truck quotes will vary just like other cars. For example, 2019 Chevy Silverado insurance costs are higher than 2017 Silverado pickup truck insurance costs.
The best way to find cheap Chevrolet Silverado car insurance quotes is by learning more about the Chevrolet Silverado and comparing rates from multiple insurers.
Don’t forget, there are other truck options to think about too. How does the Chevrolet Silverado compare to other car models? Read on to learn more.
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What are the Chevrolet Silverado safety ratings?
How can I save money on Chevrolet Silverado 1500 insurance? It’s important to consider the Chevy Silverado safety ratings to get a proper understanding of where you might qualify for policy discounts. Safer vehicles qualify for cheaper car insurance rates.
Take a look at the safety ratings of the Chevrolet Silverado below so you can see where you might be eligible for policy discounts.
- Small overlap front (driver-side): Good
- Small overlap front (passenger-side): Marginal
- Moderate overlap front: Good
- Side: Good
- Roof strength: Good
- Head restraints and seats: Good
For a frame of reference, the Insurance Institute for Highway Safety classifies “Good” as the highest rating possible. The Chevy Silverado achieved that mark in every part of the car that was tested with the exception of the small overlap on the passenger’s side of the vehicle.
Chevrolet Silverado Crash Test Ratings
Take a look at the Chevrolet Silverado crash test ratings below.
Chevrolet Silverado Crash Test RatingsVehicle Tested | Overall | Frontal | Side | Rollover |
---|---|---|---|---|
2020 Chevrolet Silverado 2500 PU/RC 4WD | N/R | N/R | N/R | N/R |
2020 Chevrolet Silverado 2500 PU/RC 2WD | N/R | N/R | N/R | N/R |
2020 Chevrolet Silverado 2500 PU/EC 4WD | N/R | N/R | N/R | N/R |
2020 Chevrolet Silverado 2500 PU/EC 2WD | N/R | N/R | N/R | N/R |
2020 Chevrolet Silverado 2500 PU/CC 4WD | N/R | N/R | N/R | N/R |
2020 Chevrolet Silverado 2500 PU/CC 2WD | N/R | N/R | N/R | N/R |
2020 Chevrolet Silverado 1500 PU/RC 4WD | 4 stars | 4 stars | 5 stars | 4 stars |
2020 Chevrolet Silverado 1500 PU/RC 2WD | 4 stars | 4 stars | 5 stars | 4 stars |
2020 Chevrolet Silverado 1500 PU/EC 4WD | 4 stars | 4 stars | 5 stars | 4 stars |
2020 Chevrolet Silverado 1500 PU/EC 2WD | 4 stars | 4 stars | 5 stars | 4 stars |
2020 Chevrolet Silverado 1500 PU/CC 4WD | 4 stars | 4 stars | 5 stars | 4 stars |
2020 Chevrolet Silverado 1500 PU/CC 2WD | 4 stars | 4 stars | 5 stars | 4 stars |
2019 Chevrolet Silverado 3500 PU/RC RWD | N/R | N/R | N/R | N/R |
2019 Chevrolet Silverado 3500 PU/RC 4WD | N/R | N/R | N/R | N/R |
2019 Chevrolet Silverado 3500 PU/CC RWD | N/R | N/R | N/R | N/R |
2019 Chevrolet Silverado 3500 PU/CC 4WD | N/R | N/R | N/R | N/R |
2019 Chevrolet Silverado 2500 PU/RC RWD | 4 stars | 3 stars | 5 stars | 3 stars |
2019 Chevrolet Silverado 2500 PU/RC 4WD | 4 stars | 3 stars | 5 stars | 3 stars |
2019 Chevrolet Silverado 2500 PU/EC RWD | 4 stars | 3 stars | 5 stars | 3 stars |
2019 Chevrolet Silverado 2500 PU/EC 4WD | 4 stars | 3 stars | 5 stars | 3 stars |
2019 Chevrolet Silverado 2500 PU/CC RWD | 4 stars | 4 stars | 5 stars | 3 stars |
2019 Chevrolet Silverado 2500 PU/CC 4WD | 4 stars | 4 stars | 5 stars | 3 stars |
2019 Chevrolet Silverado 1500 PU/RC RWD | 4 stars | 4 stars | 5 stars | 4 stars |
2019 Chevrolet Silverado 1500 PU/RC 4WD | 4 stars | 4 stars | 5 stars | 4 stars |
2019 Chevrolet Silverado 1500 PU/EC RWD | 4 stars | 4 stars | 5 stars | 4 stars |
2019 Chevrolet Silverado 1500 PU/EC 4WD | 4 stars | 4 stars | 5 stars | 4 stars |
2019 Chevrolet Silverado 1500 PU/CC RWD | 4 stars | 4 stars | 5 stars | 4 stars |
2019 Chevrolet Silverado 1500 PU/CC 4WD | 4 stars | 4 stars | 5 stars | 4 stars |
2019 Chevrolet Silverado 1500 LD PU/EC RWD | 4 stars | 4 stars | 5 stars | 4 stars |
2019 Chevrolet Silverado 1500 LD PU/EC 4WD | 4 stars | 4 stars | 5 stars | 4 stars |
2018 Chevrolet Silverado 3500 PU/RC RWD | N/R | N/R | N/R | N/R |
2018 Chevrolet Silverado 3500 PU/RC 4WD | N/R | N/R | N/R | N/R |
2018 Chevrolet Silverado 3500 PU/EC RWD | N/R | N/R | N/R | N/R |
2018 Chevrolet Silverado 3500 PU/EC 4WD | N/R | N/R | N/R | N/R |
2018 Chevrolet Silverado 3500 PU/CC RWD | N/R | N/R | N/R | N/R |
2018 Chevrolet Silverado 3500 PU/CC 4WD | N/R | N/R | N/R | N/R |
2018 Chevrolet Silverado 2500 PU/RC RWD | 4 stars | 4 stars | 5 stars | 3 stars |
2018 Chevrolet Silverado 2500 PU/RC 4WD | 4 stars | 4 stars | 5 stars | 3 stars |
2018 Chevrolet Silverado 2500 PU/EC RWD | 4 stars | 4 stars | 5 stars | 3 stars |
2018 Chevrolet Silverado 2500 PU/EC 4WD | 4 stars | 4 stars | 5 stars | 3 stars |
2018 Chevrolet Silverado 2500 PU/CC RWD | 4 stars | 4 stars | 5 stars | 3 stars |
2018 Chevrolet Silverado 2500 PU/CC 4WD | 4 stars | 4 stars | 5 stars | 3 stars |
2018 Chevrolet Silverado 1500 PU/RC RWD | 5 stars | 5 stars | 5 stars | 4 stars |
2018 Chevrolet Silverado 1500 PU/RC 4WD | 5 stars | 5 stars | 5 stars | 4 stars |
2018 Chevrolet Silverado 1500 PU/EC RWD | 5 stars | 5 stars | 5 stars | 4 stars |
2018 Chevrolet Silverado 1500 PU/EC 4WD | 5 stars | 5 stars | 5 stars | 4 stars |
2018 Chevrolet Silverado 1500 PU/CC RWD | 5 stars | 5 stars | 5 stars | 4 stars |
2018 Chevrolet Silverado 1500 PU/CC 4WD | 5 stars | 5 stars | 5 stars | 4 stars |
2018 Chevrolet Silverado 1500 Hybrid PU/CC RWD | 5 stars | 5 stars | 5 stars | 4 stars |
2017 Chevrolet Silverado 3500 PU/RC RWD | N/R | N/R | N/R | N/R |
2017 Chevrolet Silverado 3500 PU/RC 4WD | N/R | N/R | N/R | N/R |
2017 Chevrolet Silverado 3500 PU/EC RWD | N/R | N/R | N/R | N/R |
2017 Chevrolet Silverado 3500 PU/EC 4WD | N/R | N/R | N/R | N/R |
2017 Chevrolet Silverado 3500 PU/CC RWD | N/R | N/R | N/R | N/R |
2017 Chevrolet Silverado 3500 PU/CC 4WD | N/R | N/R | N/R | N/R |
2017 Chevrolet Silverado 2500 PU/RC RWD | 4 stars | 4 stars | 5 stars | 3 stars |
2017 Chevrolet Silverado 2500 PU/RC 4WD | 4 stars | 4 stars | 5 stars | 3 stars |
2017 Chevrolet Silverado 2500 PU/EC RWD | 4 stars | 4 stars | 5 stars | 3 stars |
2017 Chevrolet Silverado 2500 PU/EC 4WD | 4 stars | 4 stars | 5 stars | 3 stars |
2017 Chevrolet Silverado 2500 PU/CC RWD | N/R | N/R | 5 stars | 3 stars |
2017 Chevrolet Silverado 2500 PU/CC 4WD | N/R | N/R | 5 stars | 3 stars |
2017 Chevrolet Silverado 1500 PU/RC RWD | 5 stars | 5 stars | 5 stars | 4 stars |
2017 Chevrolet Silverado 1500 PU/RC 4WD | 5 stars | 5 stars | 5 stars | 4 stars |
2017 Chevrolet Silverado 1500 PU/EC RWD | 5 stars | 5 stars | 5 stars | 4 stars |
2017 Chevrolet Silverado 1500 PU/EC 4WD | 5 stars | 5 stars | 5 stars | 4 stars |
1-5 Star Rating Scale, N/R = No Rating | Source: National Highway Traffic Safety Administration |
Better crash test ratings mean cheaper insurance rates. If you’re wondering what truck has the cheapest insurance, it’s usually the one with the best safety ratings.
Chevrolet Silverado Insurance Loss Probability
A good insurance loss probability is a low one. A high insurance loss probability means insurers will charge higher rates.
Chevrolet Silverado Insurance Loss ProbabilityInsurance Coverage Category | Loss Rate |
---|---|
Collision | -24% |
Property Damage | 18% |
Comprehensive | -15% |
Personal Injury | -22% |
Medical Payment | -31% |
Bodily Injury | 25% |
Source: Insurance Institute for Highway Safety |
Most of these insurance loss probabilities are in the negative, which is great. How do safety ratings for the Chevrolet Silverado 1500 compare to similar cars?
When you’re reviewing Chevrolet Silverado 1500 car insurance information, you’ll notice that most of their safety ratings and features are desirable for consumers and insurers.
Chevrolet Silverado Compared Against Other Vehicles in the Same Class
Officially, the Chevrolet Silverado is classified as a large pickup by the Insurance Institute for Highway Safety. Other similar models include the following:
When providing you with a quote, insurance companies will consider the loss percentages of the Chevrolet Silverado as it compares to other similar models in this class.
The good news is that the Chevy Silverado reflects a property damage liability loss percentage of 13 percent and a bodily injury liability loss percentage of 4 percent. Both of these figures are considered standard for this vehicle class.
Now that we have gone into great detail about how Chevy Silverado insurance rates are calculated, is there anything we might have missed? Are you ready to find a Chevrolet car insurance company near you?
Start comparing Chevrolet Silverado quotes from multiple companies through the use of our free online tool.
References:
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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