Chevrolet Silverado 2500HD Insurance Rates

The average insurance rates for a Chevrolet Silverado 2500HD are $1,194 a year with full coverage. Comprehensive insurance costs an estimated $192 a year, collision costs $288, and liability is $534. Liability-only insurance costs around $588 a year, with high-risk driver insurance costing $2,576 or more. Teenage drivers cost the most to insure at $4,786 a year or more.

Average premium for full coverage: $1,194

Policy rates broken down by type of insurance:

Prices include $500 comprehensive and collision deductibles, 30/60 liability limits, and includes additional medical/uninsured motorist coverage. Prices are averaged for all U.S. states and Silverado 2500HD trim levels.

Price Range Variability

Urban vs. Rural Price Range

Choosing to live in a large city can have significant affects on car insurance rates. More rural locations are shown to have a lower frequency of collision claims than densely populated cities.

The diagram below illustrates how where you live affects insurance prices.

The examples above demonstrate why it is important to compare rates quotes for a targeted area and risk profile, instead of using average rates.

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

Additional Rate Analysis

The chart below details estimated Chevrolet Silverado 2500HD insurance rates for other coverage scenarios.

• The best discount rate is $717
• Raising to $1,000 deductibles will save approximately $1,084 annually
• The average rate for a good driver age 40 who has $500 deductibles is $1,194
• Using low $100 deductibles will cost an extra $208 every year
• At-risk drivers who are prone to accidents and violations could pay up to $2,576 or more
• Policy cost for full coverage for a teen driver can cost as much as $4,786

View Chart as Image

Auto insurance rates for a Chevrolet Silverado 2500HD also range considerably based on your risk profile, the trim level and model year, and liability limits and deductibles.

Older drivers with a good driving record and high deductibles may pay as little as $1,100 every 12 months on average, or $92 per month, for full coverage. Rates are much higher for teenagers, where even good drivers will have to pay at least $4,700 a year. View Rates by Age

Your home state also has a big influence on Chevrolet Silverado 2500HD insurance prices. A middle-age driver might find rates as low as $860 a year in states like Utah, Ohio, and New Hampshire, or be forced to pay as much as $1,610 on average in New York, Michigan, and Florida.

View Chart as Image

Using high physical damage deductibles can reduce rates by up to $320 every year, while buying higher liability limits will increase premiums. Moving from a 50/100 limit to a 250/500 limit will raise rates by up to $426 extra every year. View Rates by Deductible or Liability Limit

If you have a few points on your driving record or tend to cause accidents, you may be forking out $1,400 to $2,000 in extra premium every year, depending on your age. A high-risk auto insurance policy is expensive and can cost as much as 42% to 130% more than a normal policy. View High Risk Driver Rates

Because rates have so much variability, the best way to find out which auto insurance is cheapest is to get quotes and see which company has the best rate. Every auto insurance company uses a different method to calculate rates, and quoted rates will be varied from one company to the next.

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 the Right Chevrolet Silverado 2500HD Insurance

Finding cheaper rates on car insurance consists of having a decent driving record, having good credit, not filing small claims, and qualifying for all possible discounts. Take the time to comparison shop at every policy renewal by getting quotes from direct companies like GEICO, Progressive, and Esurance, and also from local exclusive and independent agents.

The following items are a quick rundown of the data touched on in the above illustrations.

• Policyholders who want additional liability coverage will pay an extra $590 every year to raise from a 30/60 limit to 250/500 limits
• You may be able to save approximately $140 per year simply by quoting early and online
• Increasing comprehensive and collision deductibles can save around $325 each year
• 16 to 18-year-old drivers are the costliest to insure, as much as $399 each month if they have full coverage