Chevrolet Silverado 2500HD Insurance Rates

The average insurance rates for a Chevrolet Silverado 2500HD are $1,194 a year for full coverage insurance. Comprehensive insurance costs approximately $192 a year, collision insurance costs $288, and liability coverage costs $534. Buying just liability costs as little as $588 a year, and insurance for high-risk drivers costs $2,576 or more. Teenage drivers cost the most to insure at up to $4,786 a year.

Average premium for full coverage: $1,194

Policy rates by type of insurance:

These estimates include $500 comprehensive and collision deductibles, liability limits of 30/60, and includes uninsured/under-insured motorist coverage. Prices are averaged for all 50 states and Silverado 2500HD trim levels.

Price Range Variability

Urban vs. Rural Price Range

Your location has a large influence on the price of auto insurance. Rural locations are shown to have lower incidents of physical damage claims than densely populated cities. The diagram below illustrates the difference location can make on auto insurance prices.

The examples above illustrate why it is important to compare rates using their specific location, rather than using average rates.

Use the form below to get customized rates for your location.

More Rate Information

The chart below illustrates average Chevrolet Silverado 2500HD insurance rates for additional coverage and risk scenarios.

• The best discount rate is $717
• Drivers who choose higher $1,000 deductibles will pay $1,084 each year
• The estimated price for a good driver age 40 who chooses $500 deductibles is $1,194
• Using low $100 deductibles for comprehensive and collision insurance will cost an additional $208 each year
• High-risk insureds who are prone to accidents and violations could pay around $2,576
• Policy cost that insures a teenage driver can cost $4,786 a year

View Chart as Image

Insurance rates for a Chevrolet Silverado 2500HD also range considerably based on the trim level of your Silverado 2500HD, your age and driving record, and physical damage deductibles and liability limits.

If you have a few points on your driving record or you caused an accident, you are probably paying anywhere from $1,400 to $2,000 extra every year, depending on your age. A high-risk auto insurance policy can cost around 42% to 130% more than a normal policy. View High Risk Driver Rates

Older drivers with a clean driving record and higher comprehensive and collision deductibles may only pay around $1,100 per year on average, or $92 per month, for full coverage. Rates are much higher for teenagers, since even teens with perfect driving records can expect to pay in the ballpark of $4,700 a year. View Rates by Age

Your home state makes a big difference in Chevrolet Silverado 2500HD insurance rates. A 40-year-old driver could pay as low as $780 a year in states like North Carolina, Wisconsin, and Vermont, or be forced to pay as much as $1,610 on average in Florida, New York, and Michigan.

View Chart as Image

Using high physical damage deductibles could save up to $320 a year, while buying higher liability limits will push rates upward. Switching from a 50/100 bodily injury protection limit to a 250/500 limit will raise rates by up to $426 more per year. View Rates by Deductible or Liability Limit

Insurance Rates by Trim Level and Model Year

Rates assume 2012 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.

How to Find Cheap Chevrolet Silverado 2500HD Insurance

Finding cheaper rates on auto insurance not only requires having a decent driving record, but also having above-average credit, being claim-free, and possibly raising deductibles. Compare prices once a year by requesting rates from direct insurance companies, and also from your local car insurance providers.

The following items are a brief summary of the data that was touched on in this article.

• It is possible to save around $140 per year just by quoting early and online
• Consumers who purchase additional liability coverage will pay an extra $590 annually to go from a 30/60 limit to the 250/500 level
• 16 to 18-year-old drivers are expensive to insure, possibly costing $399 each month if full coverage is included
• Drivers that tend to have accidents or serious violations could be charged and average of $1,380 more per year than a driver with a clean driving record