Chevrolet Silverado 2500HD Insurance Rates

The average insurance prices for a Chevrolet Silverado 2500HD are $1,194 every 12 months with full coverage. Comprehensive insurance costs approximately $192 each year, collision costs $288, and liability coverage 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 by type of insurance:

Rate estimates 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 models.

Price Range Variability

Urban vs. Rural Price Range

Choosing to live in a large city has a large influence on the price of insurance. Rural locations are shown to have more infrequent collision claims than densely populated cities.

The graphic below illustrates how location impacts auto insurance prices.

The examples above demonstrate why all drivers should compare rates quotes using their specific location and their own driving history, rather than 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 additional coverage and risk scenarios.

• The best discount rate is $717
• Raising to $1,000 deductibles will save $110 annually
• The average price for a good driver age 40 who chooses $500 deductibles is $1,194
• Using low deductibles costs an extra $208 each year
• Unlucky drivers who are prone to accidents and violations could pay around $2,576 or more
• Policy cost to insure a teenage driver can cost $4,786

View Chart as Image

Auto insurance rates for a Chevrolet Silverado 2500HD also range considerably based on liability limits and deductibles, your driving record, and the model of your Silverado 2500HD.

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

More mature drivers with a good driving record and higher deductibles may only pay around $1,100 every 12 months on average, or $92 per month, for full coverage. Rates are much higher for teenagers, since even excellent drivers will have to pay in the ballpark of $4,700 a year. View Rates by Age

If you have a few points on your driving record or you were responsible for an accident, you may be forking out anywhere from $1,400 to $2,000 in extra premium every year, depending on your age. Insurance for high-risk drivers is expensive and can cost around 42% to 130% more than a normal policy. View High Risk Driver Rates

Your home state also has a big influence on Chevrolet Silverado 2500HD insurance rates. 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

Because rates have so much variability, the best way to find out who has the cheapest auto insurance rates is to do a rate comparison and see how they stack up. Every auto insurance company uses a different method to calculate rates, and quoted rates will be varied.

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 Shop for the Best Chevrolet Silverado 2500HD Insurance

Finding cheaper rates on auto insurance consists of avoiding accidents and violations, having a good credit score, not filing small claims, and not having any coverage lapses. Spend time shopping around at every policy renewal by requesting quotes from direct companies, and also from insurance agencies where you live.

The list below is a brief recap of the data touched on above.

• Consumers who purchase higher liability limits will pay an extra $590 every year to raise from a 30/60 limit to a 250/500 level
• You may be able to save around $140 per year simply by quoting online in advance
• Increasing comprehensive and collision deductibles could save as much as $325 each year
• Teenagers have the highest car insurance rates, as much as $399 each month if comprehensive and collision insurance is included