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 18, 2022

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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 insurance rates for a Chevrolet Silverado are $1,310 a year for full coverage insurance. Comprehensive insurance costs around $230, collision costs $380, and liability insurance costs $520. A liability-only policy costs as little as $576 a year, with high-risk insurance costing $2,830 or more. Teenage drivers receive the highest rates at $5,132 a year or more.

Average premium for full coverage: $1,310

Rate estimates for individual coverage type:

Comprehensive $230
Collision $380
Liability $520

Prices include $500 physical damage deductibles, 30/60 liability coverage, and includes both medical and uninsured motorist insurance. Rates are averaged for all 50 states and for different Silverado trim levels.

Price Range by Coverage and Risk

For a driver around age 40, prices range go from the low end price of $576 for minimum levels of liability insurance to a much higher rate of $2,830 for a policy for a high-risk driver.

Liability Only $576
Full Coverage $1,310
High Risk $2,830

Price Range by Location

Your location has a significant impact on car insurance rates. Areas with sparse population tend to have lower incidents of physical damage claims than densely populated cities.

The price range example below illustrates the difference between rural and urban areas on auto insurance rates.

Rural Areas $983
Small Cities $1,376
Large Cities $1,769

These examples illustrate why anyone shopping for car insurance should compare rates for a specific zip code, rather than relying on 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.

Additional Rate Details

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 illustrates estimated Chevrolet Silverado insurance rates for additional coverage choices and driver risks.

  • The best discount rate is $773
  • Drivers who choose higher $1,000 deductibles will pay about $140 each year
  • The estimated price for a 40-year-old driver using $500 deductibles is $1,310
  • Using more expensive low deductibles for comprehensive and collision insurance will cost an additional $266 a year
  • High risk drivers who are prone to accidents and violations could pay at least $2,830 or more
  • The cost that insures a teen driver with full coverage can be $5,132 a year

View Chart as Image

Chevrolet Silverado insurance cost comparison chart
Column chart showing full coverage Chevrolet Silverado insurance prices range from $773 to $5,132

Insurance rates for a Chevrolet Silverado can also vary considerably based on the model year and trim level, your age and driving record, and deductibles and policy limits.

If you like to drive fast or you caused an accident, you are probably paying at least $1,600 to $2,200 extra per year, depending on your age. High-risk driver insurance can cost anywhere from 43% to 136% more than a normal policy. View High Risk Driver Rates

An older driver with a clean driving record and higher comprehensive and collision deductibles could pay as little as $1,200 per year on average for full coverage. Rates are much higher for teen drivers, since even teens with perfect driving records can expect to pay as much as $5,100 a year. View Rates by Age

Where you live makes a big difference in Chevrolet Silverado insurance rates. A 40-year-old driver could pay as low as $860 a year in states like Vermont, Wisconsin, and North Carolina, or be forced to pay as much as $1,770 on average in Michigan, New York, and Florida.

Chevrolet Silverado Insurance Rates by State
State Premium Compared to U.S. Avg Percent Difference
Alabama $1,184 -$126 -9.6%
Alaska $1,002 -$308 -23.5%
Arizona $1,086 -$224 -17.1%
Arkansas $1,310 -$0 0.0%
California $1,490 $180 13.7%
Colorado $1,248 -$62 -4.7%
Connecticut $1,344 $34 2.6%
Delaware $1,482 $172 13.1%
Florida $1,636 $326 24.9%
Georgia $1,208 -$102 -7.8%
Hawaii $938 -$372 -28.4%
Idaho $888 -$422 -32.2%
Illinois $972 -$338 -25.8%
Indiana $986 -$324 -24.7%
Iowa $882 -$428 -32.7%
Kansas $1,242 -$68 -5.2%
Kentucky $1,782 $472 36.0%
Louisiana $1,938 $628 47.9%
Maine $808 -$502 -38.3%
Maryland $1,080 -$230 -17.6%
Massachusetts $1,046 -$264 -20.2%
Michigan $2,270 $960 73.3%
Minnesota $1,096 -$214 -16.3%
Mississippi $1,566 $256 19.5%
Missouri $1,160 -$150 -11.5%
Montana $1,404 $94 7.2%
Nebraska $1,032 -$278 -21.2%
Nevada $1,572 $262 20.0%
New Hampshire $944 -$366 -27.9%
New Jersey $1,462 $152 11.6%
New Mexico $1,158 -$152 -11.6%
New York $1,380 $70 5.3%
North Carolina $754 -$556 -42.4%
North Dakota $1,072 -$238 -18.2%
Ohio $902 -$408 -31.1%
Oklahoma $1,344 $34 2.6%
Oregon $1,198 -$112 -8.5%
Pennsylvania $1,246 -$64 -4.9%
Rhode Island $1,746 $436 33.3%
South Carolina $1,186 -$124 -9.5%
South Dakota $1,104 -$206 -15.7%
Tennessee $1,142 -$168 -12.8%
Texas $1,576 $266 20.3%
Utah $966 -$344 -26.3%
Vermont $896 -$414 -31.6%
Virginia $784 -$526 -40.2%
Washington $1,012 -$298 -22.7%
West Virginia $1,198 -$112 -8.5%
Wisconsin $904 -$406 -31.0%
Wyoming $1,164 -$146 -11.1%

View Chart as Image

Chevrolet Silverado insurance rates by U.S. city

Using high physical damage deductibles could save up to $410 each year, while increasing your policy's liability limits will increase rates. Switching from a 50/100 bodily injury protection limit to a 250/500 limit will cost as much as $414 more per year. View Rates by Deductible or Liability Limit

With so much variability in rates, the only way to figure out your exact price is to compare rates from as many companies as possible. Every company uses a different method to calculate rates, so the rates 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 $1,154 $96
LS Regular Cab 4WD $1,104 $92
LT Regular Cab 2WD $1,248 $104
LT Regular Cab $1,248 $104
LS Extended Cab 4WD $1,186 $99
LT Extended Cab 4WD $1,186 $99
LS Extended Cab 2WD $1,278 $107
LT Extended Cab 2WD $1,278 $107
LS Crew Cab 2WD $1,310 $109
LT Crew Cab 2WD $1,310 $109
LS Crew Cab 4WD $1,228 $102
LT Crew Cab 4WD $1,228 $102
LTZ Extended Cab 2WD $1,340 $112
LTZ Extended Cab 4WD $1,258 $105
LTZ Crew Cab 2WD $1,370 $114
LTZ Crew Cab 4WD $1,288 $107
Crew Cab Hybrid 2WD $1,308 $109
Crew Cab Hybrid 4WD $1,338 $112

Rates assume 2016 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
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 Find the Right Chevrolet Silverado Insurance

Saving money on Chevrolet Silverado insurance not only requires being a safe and courteous driver, but also having above-average credit, avoid buying unnecessary coverage, and insuring your home and auto with the same company. Compare prices every year by requesting rates from direct insurance companies like Progressive, GEICO, and Esurance, and also from insurance agencies where you live.

Below is a quick rundown of the coverage data covered above.

  • It is possible to save up to $150 per year simply by shopping early and online
  • Increasing deductibles can save approximately $400 each year
  • Teenage drivers pay higher rates, costing up to $428 per month if full coverage is included
  • High-risk drivers with reckless driving or DUI convictions could be forced to pay on average $1,520 more every year for auto insurance

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 Ratings 
Vehicle TestedOverallFrontalSideRollover
2020 Chevrolet Silverado 2500 PU/RC 4WDN/RN/RN/RN/R
2020 Chevrolet Silverado 2500 PU/RC 2WDN/RN/RN/RN/R
2020 Chevrolet Silverado 2500 PU/EC 4WDN/RN/RN/RN/R
2020 Chevrolet Silverado 2500 PU/EC 2WDN/RN/RN/RN/R
2020 Chevrolet Silverado 2500 PU/CC 4WDN/RN/RN/RN/R
2020 Chevrolet Silverado 2500 PU/CC 2WDN/RN/RN/RN/R
2020 Chevrolet Silverado 1500 PU/RC 4WD4 stars4 stars5 stars4 stars
2020 Chevrolet Silverado 1500 PU/RC 2WD4 stars4 stars5 stars4 stars
2020 Chevrolet Silverado 1500 PU/EC 4WD4 stars4 stars5 stars4 stars
2020 Chevrolet Silverado 1500 PU/EC 2WD4 stars4 stars5 stars4 stars
2020 Chevrolet Silverado 1500 PU/CC 4WD4 stars4 stars5 stars4 stars
2020 Chevrolet Silverado 1500 PU/CC 2WD4 stars4 stars5 stars4 stars
2019 Chevrolet Silverado 3500 PU/RC RWDN/RN/RN/RN/R
2019 Chevrolet Silverado 3500 PU/RC 4WDN/RN/RN/RN/R
2019 Chevrolet Silverado 3500 PU/CC RWDN/RN/RN/RN/R
2019 Chevrolet Silverado 3500 PU/CC 4WDN/RN/RN/RN/R
2019 Chevrolet Silverado 2500 PU/RC RWD4 stars3 stars5 stars3 stars
2019 Chevrolet Silverado 2500 PU/RC 4WD4 stars3 stars5 stars3 stars
2019 Chevrolet Silverado 2500 PU/EC RWD4 stars3 stars5 stars3 stars
2019 Chevrolet Silverado 2500 PU/EC 4WD4 stars3 stars5 stars3 stars
2019 Chevrolet Silverado 2500 PU/CC RWD4 stars4 stars5 stars3 stars
2019 Chevrolet Silverado 2500 PU/CC 4WD4 stars4 stars5 stars3 stars
2019 Chevrolet Silverado 1500 PU/RC RWD4 stars4 stars5 stars4 stars
2019 Chevrolet Silverado 1500 PU/RC 4WD4 stars4 stars5 stars4 stars
2019 Chevrolet Silverado 1500 PU/EC RWD4 stars4 stars5 stars4 stars
2019 Chevrolet Silverado 1500 PU/EC 4WD4 stars4 stars5 stars4 stars
2019 Chevrolet Silverado 1500 PU/CC RWD4 stars4 stars5 stars4 stars
2019 Chevrolet Silverado 1500 PU/CC 4WD4 stars4 stars5 stars4 stars
2019 Chevrolet Silverado 1500 LD PU/EC RWD4 stars4 stars5 stars4 stars
2019 Chevrolet Silverado 1500 LD PU/EC 4WD4 stars4 stars5 stars4 stars
2018 Chevrolet Silverado 3500 PU/RC RWDN/RN/RN/RN/R
2018 Chevrolet Silverado 3500 PU/RC 4WDN/RN/RN/RN/R
2018 Chevrolet Silverado 3500 PU/EC RWDN/RN/RN/RN/R
2018 Chevrolet Silverado 3500 PU/EC 4WDN/RN/RN/RN/R
2018 Chevrolet Silverado 3500 PU/CC RWDN/RN/RN/RN/R
2018 Chevrolet Silverado 3500 PU/CC 4WDN/RN/RN/RN/R
2018 Chevrolet Silverado 2500 PU/RC RWD4 stars4 stars5 stars3 stars
2018 Chevrolet Silverado 2500 PU/RC 4WD4 stars4 stars5 stars3 stars
2018 Chevrolet Silverado 2500 PU/EC RWD4 stars4 stars5 stars3 stars
2018 Chevrolet Silverado 2500 PU/EC 4WD4 stars4 stars5 stars3 stars
2018 Chevrolet Silverado 2500 PU/CC RWD4 stars4 stars5 stars3 stars
2018 Chevrolet Silverado 2500 PU/CC 4WD4 stars4 stars5 stars3 stars
2018 Chevrolet Silverado 1500 PU/RC RWD5 stars5 stars5 stars4 stars
2018 Chevrolet Silverado 1500 PU/RC 4WD5 stars5 stars5 stars4 stars
2018 Chevrolet Silverado 1500 PU/EC RWD5 stars5 stars5 stars4 stars
2018 Chevrolet Silverado 1500 PU/EC 4WD5 stars5 stars5 stars4 stars
2018 Chevrolet Silverado 1500 PU/CC RWD5 stars5 stars5 stars4 stars
2018 Chevrolet Silverado 1500 PU/CC 4WD5 stars5 stars5 stars4 stars
2018 Chevrolet Silverado 1500 Hybrid PU/CC RWD5 stars5 stars5 stars4 stars
2017 Chevrolet Silverado 3500 PU/RC RWDN/RN/RN/RN/R
2017 Chevrolet Silverado 3500 PU/RC 4WDN/RN/RN/RN/R
2017 Chevrolet Silverado 3500 PU/EC RWDN/RN/RN/RN/R
2017 Chevrolet Silverado 3500 PU/EC 4WDN/RN/RN/RN/R
2017 Chevrolet Silverado 3500 PU/CC RWDN/RN/RN/RN/R
2017 Chevrolet Silverado 3500 PU/CC 4WDN/RN/RN/RN/R
2017 Chevrolet Silverado 2500 PU/RC RWD4 stars4 stars5 stars3 stars
2017 Chevrolet Silverado 2500 PU/RC 4WD4 stars4 stars5 stars3 stars
2017 Chevrolet Silverado 2500 PU/EC RWD4 stars4 stars5 stars3 stars
2017 Chevrolet Silverado 2500 PU/EC 4WD4 stars4 stars5 stars3 stars
2017 Chevrolet Silverado 2500 PU/CC RWDN/RN/R5 stars3 stars
2017 Chevrolet Silverado 2500 PU/CC 4WDN/RN/R5 stars3 stars
2017 Chevrolet Silverado 1500 PU/RC RWD5 stars5 stars5 stars4 stars
2017 Chevrolet Silverado 1500 PU/RC 4WD5 stars5 stars5 stars4 stars
2017 Chevrolet Silverado 1500 PU/EC RWD5 stars5 stars5 stars4 stars
2017 Chevrolet Silverado 1500 PU/EC 4WD5 stars5 stars5 stars4 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 Probability
Insurance Coverage CategoryLoss Rate
Collision-24%
Property Damage18%
Comprehensive-15%
Personal Injury-22%
Medical Payment-31%
Bodily Injury25%
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: 

  1. https://www.iihs.org/ratings/vehicle/Chevrolet/silverado-1500-crew-cab-pickup/2020
  2. https://www.nhtsa.gov/ratings

Rates by Driver Age

Chevrolet Silverado Insurance Rates by Driver Age
Driver Age Premium
16 $5,132
20 $3,014
30 $1,342
40 $1,310
50 $1,198
60 $1,174

Full coverage, $500 deductibles

Rates by Deductible

Chevrolet Silverado Insurance Rates with Different Deductibles
Deductible Premium
$100 $1,576
$250 $1,452
$500 $1,310
$1,000 $1,170

Full coverage, driver age 40

Rates by Liability Limit

Chevrolet Silverado Insurance Rates with Different Liability Limits
Liability Limit Premium
30/60 $1,310
50/100 $1,430
100/300 $1,545
250/500 $1,844
100 CSL $1,476
300 CSL $1,729
500 CSL $1,913

Full coverage, driver age 40

Rates for High Risk Drivers

Chevrolet Silverado Insurance Rates for High Risk Drivers
Age Premium
16 $7,274
20 $4,806
30 $2,870
40 $2,830
50 $2,704
60 $2,680

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 $180

Potential Rate Discounts

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

Discount Savings
Multi-policy $68
Multi-vehicle $71
Homeowner $22
5-yr Accident Free $88
5-yr Claim Free $84
Paid in Full/EFT $53
Advance Quote $61
Online Quote $90
Total Discounts $537
Rate after discounts $773

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

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