Chevrolet Silverado 3500HD Insurance Rates

Estimated insurance rates for a Chevrolet Silverado 3500HD are $1,164 a year for full coverage. Comprehensive costs on average $200, collision insurance costs $250, and liability costs around $534. A policy with only liability insurance costs as low as $588 a year, and a high-risk policy costs around $2,496. Teen drivers pay the most at up to $4,650 a year.

Average premium for full coverage: $1,164

Premium estimates by type of coverage:

Prices are based on $500 deductible amounts, minimum liability limits, and includes additional medical/uninsured motorist coverage. Rates include averaging for all states and for different Silverado 3500HD trim levels.

Insurance Price Range by Risk and Coverage

Insurance Price Range by Location

Where you live can make a big difference on car insurance rates. Rural areas are statistically proven to have lower incidents of accident claims than larger metro areas. The price range example below illustrates the difference between rural and urban areas on car insurance rates.

These rate differences show why anyone shopping for car insurance should compare prices based on a specific location, instead of making a decision based on price averages.

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

Additional Rate Analysis

The chart below shows average Chevrolet Silverado 3500HD insurance rates for different risk profiles and scenarios.

• The lowest rate with discounts is $706
• Using higher $1,000 deductibles will save around $104 a year
• The estimated price for a 40-year-old good driver with $500 deductibles is $1,164
• Choosing more expensive low deductibles for physical damage coverage bumps up the cost to $1,356
• High-risk insureds with multiple violations and an at-fault accident could pay upwards of $2,496
• An auto insurance policy that insures a 16-year-old driver with full coverage may cost $4,650 or more

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Car insurance prices for a Chevrolet Silverado 3500HD also have a wide range based on the model year and trim level, how you drive, and policy deductibles and limits.

If you have a few violations or you caused an accident, you could be paying at a minimum $1,400 to $2,000 extra annually, depending on your age. High-risk driver insurance can be from 43% to 134% more than average. View High Risk Driver Rates

An older driver with no driving violations and higher comprehensive and collision deductibles may pay as low as $1,100 a year, or $92 per month, for full coverage. Prices are highest for drivers in their teens, since even teens with perfect driving records will be charged upwards of $4,600 a year. View Rates by Age

Where you choose to live has a huge impact on Chevrolet Silverado 3500HD insurance prices. A driver around age 40 might see prices as low as $770 a year in states like Idaho, Maine, and Iowa, or as much as $1,660 on average in Michigan, Louisiana, and New York.

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Choosing high deductibles could cut prices by as much as $300 annually, while increasing your policy's liability limits will cost you more. Going from a 50/100 bodily injury protection limit to a 250/500 limit will cost up to $426 extra every 12 months. View Rates by Deductible or Liability Limit

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 Affordable Chevrolet Silverado 3500HD Insurance

Finding better rates on insurance for a Chevrolet Silverado 3500HD requires having a good driving record, having a positive credit history, not filing small claims, and possibly raising deductibles. Shop around every couple of years by obtaining price quotes from direct carriers, and also from local exclusive and independent agents.

The next list is a brief review of the material that was covered above.

• Insureds who require increased levels of liability coverage will pay about $590 each year to increase from 30/60 bodily injury limits to the 250/500 level
• Drivers age 20 and younger are expensive to insure, as much as $388 per month if full coverage is purchased
• Drivers considered higher risk with DUI or reckless driving convictions may pay on average $1,330 more each year to buy Chevrolet Silverado 3500HD insurance
• Increasing policy deductibles can save approximately $300 each year