Chevrolet Silverado 3500HD Insurance Rates

The average insurance rates for a Chevrolet Silverado 3500HD are $1,164 a year including full coverage. Comprehensive insurance costs on average $200 a year, collision costs $250, and liability is $534. Liability-only coverage costs around $588 a year, with high-risk coverage costing $2,496 or more. 16-year-old drivers cost the most to insure at $4,650 a year or more.

Average premium for full coverage: $1,164

Policy rates by type of insurance:

These estimates include $500 policy deductibles, bodily injury liability limits of 30/60, and includes medical/PIP and uninsured motorist coverage. Prices are averaged for all 50 U.S. states and Silverado 3500HD 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. Rural areas are shown to have lower incidents of comprehensive and collision claims than congested cities.

The diagram below illustrates the difference between rural and urban areas on car insurance rates.

The examples above highlight why it is important to compare rates quotes based on a specific location, instead of using rate averages.

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

Additional Charts and Tables

The chart below breaks down estimated Chevrolet Silverado 3500HD insurance rates for different risk profiles and scenarios.

• The best full coverage rate is $706
• Raising to $1,000 deductibles will save around $1,060 every year
• The estimated price for a good driver age 40 with $500 deductibles is $1,164
• Buying low $100 deductibles will cost an additional $192 every year
• At-risk drivers with multiple tickets or accidents could pay upwards of $2,496 or more
• Policy cost that insures a teen driver may cost $4,650

View Chart as Image

Insurance rates for a Chevrolet Silverado 3500HD also range considerably based on the trim level of your Silverado 3500HD, your driving record and age, and policy deductibles and limits.

If you have a few points on your driving record or you caused an accident, you are likely paying at a minimum $1,400 to $2,000 additional every year, depending on your age. A high-risk auto insurance policy is expensive and can cost as much as 43% to 134% more than the average rate. View High Risk Driver Rates

Older drivers with no violations or accidents and higher comprehensive and collision deductibles may pay as little as $1,100 every 12 months on average, or $92 per month, for full coverage. Rates are highest for teenagers, since even teens with perfect driving records should be prepared to pay upwards of $4,600 a year. View Rates by Age

Your home state also has a big influence on Chevrolet Silverado 3500HD insurance prices. A middle-age driver might find rates as low as $890 a year in states like Missouri, New Hampshire, and Vermont, or at least $1,660 on average in Michigan, New York, and Louisiana.

View Chart as Image

Opting for high physical damage deductibles can reduce rates by up to $300 every year, while buying higher liability limits will cost you more. Changing from a 50/100 bodily injury protection limit to a 250/500 limit will raise rates by up to $426 more each year. View Rates by Deductible or Liability Limit

Because rates have so much variability, the best way to figure out exactly what you will pay is to get quotes and see which company has the best rate. Every auto insurance company utilizes a different rate formula, and rates will be varied.

Insurance Rates by Trim Level and Model Year

Rates assume 2011 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 3500HD Insurance

Finding cheaper rates on car insurance consists of being safe and accident-free, having a good credit score, paying for small claims out-of-pocket, and insuring your home and auto with the same company. Comparison shop every other policy renewal by getting rate quotes from direct car insurance companies, and also from insurance agencies where you live.

Below you'll find a brief summary of the ideas that were covered above.

• Youthful drivers pay higher rates, with premiums being up to $388 each month if comprehensive and collision insurance is included
• Higher risk drivers that tend to have accidents or serious violations could be forced to pay on average $1,330 more each year than a low-risk driver
• Increasing comprehensive and collision deductibles can save approximately $300 each year
• You may be able to save as much as $130 per year simply by quoting early and online