Chevrolet Silverado 2500HD Insurance Rates

The average insurance rates for a Chevrolet Silverado 2500HD are $1,194 a year with full coverage. Comprehensive costs an estimated $192, collision costs $288, and liability is $534. Buying just liability costs around $588 a year, with insurance for high-risk drivers costing around $2,576. Teens 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:

Includes $500 policy deductibles, liability limits of 30/60, and includes medical and uninsured motorist coverage. Prices are averaged for all U.S. states and for different 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 cities with more traffic congestion.

The price range example below illustrates how location impacts insurance prices.

The examples above demonstrate why anyone shopping for car insurance should compare rates quotes for a targeted area and risk profile, instead of using averaged prices.

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

Detailed Rate Analysis

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

• The cheapest rate after discounts is $717
• Raising to $1,000 deductibles will save approximately $110 annually
• The average rate for a good driver age 40 who has $500 deductibles is $1,194
• Selecting more expensive low deductibles will increase the cost to $1,402
• At-risk drivers with serious driving violations could pay up to $2,576 or more
• Policy cost for full coverage for a teen driver with full coverage can cost as much as $4,786

View Chart as Image

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.

An older driver with a clean 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 can expect 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 have to pay at least $1,610 on average in New York, Michigan, and Florida.

View Chart as Image

Choosing higher comprehensive and collision insurance deductibles can reduce rates by up to $320 every year, while increasing your policy's liability limits will increase premiums. Moving from a 50/100 limit to a 250/500 limit will raise rates by up to $426 more per 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 extra every year, depending on your age. High-risk driver insurance is expensive and can cost as much as 42% to 130% more than the average 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 compare rates and see which company has the best rate. Every auto insurance company calculates rates differently, so the 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 Cheapest Chevrolet Silverado 2500HD Insurance

Finding cheaper rates on car insurance consists of being a good driver, maintaining good credit, not filing small claims, and taking advantage of discounts. Spend time shopping around once a year by getting quotes from direct companies like GEICO, Progressive, and Esurance, and also from local exclusive and independent agents.

The following list is a recap of the data that was touched on above.

• You may be able to save approximately $140 per year simply by shopping early and online
• Policyholders who want an increased level of liability coverage will pay approximately $590 every year to raise from a 30/60 limit to 250/500 limits
• Drivers age 16 to 20 are charged the highest rates, as much as $399 each month for full coverage
• Higher risk drivers that have major violations or accidents may pay on average $1,380 more annually than a safer driver