Chevrolet Silverado EV Insurance Rates

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UPDATED: Mar 28, 2024

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Average insurance rates for a Chevrolet Silverado EV are $1,814 a year for full coverage insurance. Comprehensive insurance costs approximately $384, collision costs $810, and liability is estimated at $440. Liability-only coverage costs approximately $510 a year, with high-risk coverage costing $3,958 or more. Teens receive the highest rates at $6,676 a year or more.

Average premium for full coverage: $1,814

Rate estimates by individual coverage type:

Comprehensive $384
Collision $810
Liability $440

These estimates include $500 deductibles, bodily injury liability limits of 30/60, and includes uninsured motorist and medical coverage. Rates are averaged for all 50 states and for different Silverado EV trim levels.

Price Range by Coverage and Risk

For a 40-year-old driver, prices range go from the low end price of $510 for the bare minimum liability coverage to a much higher rate of $3,958 for a driver who has had serious violations or accidents.

Liability Only $510
Full Coverage $1,814
High Risk $3,958

Price Range by Location

Living in a larger city can have significant affects on the price of auto insurance. Rural locations tend to have lower incidents of physical damage claims than cities with more traffic congestion.

The price range example below illustrates how your location can change auto insurance prices.

Rural Areas $1,361
Small Cities $1,905
Large Cities $2,449

These examples illustrate why anyone shopping for car insurance should get quotes using their specific location, instead of using averaged prices.

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

Enter your zip code below to view companies based on your location that have cheap auto insurance rates.

Additional Rate Information

The chart below illustrates estimated Chevrolet Silverado EV insurance rates for additional coverage and risk scenarios.

  • The cheapest rate after discounts is $1,018
  • Choosing higher $1,000 deductibles can save $270 each year
  • The estimated price for a 40-year-old driver who chooses $500 deductibles is $1,814
  • Selecting more expensive low deductibles for comp and collision coverage will cost an additional $534 every year
  • Unlucky drivers with serious driving violations could pay around $3,958 or more
  • The cost that insures a teen driver with full coverage can cost $6,676 each year

View Chart as Image

Chevrolet Silverado EV insurance cost comparison chart
Column chart showing full coverage Chevrolet Silverado EV insurance prices range from $1,018 to $6,676

Car insurance rates for a Chevrolet Silverado EV can also vary considerably based on the model year and trim level, your age and driving record, and physical damage deductibles and liability limits.

If you like to drive fast or you caused an accident, you are probably paying anywhere from $2,200 to $2,900 extra per year, depending on your age. High-risk driver insurance ranges as much as 43% to 135% more than the average policy. View High Risk Driver Rates

An older driver with no driving violations and higher comprehensive and collision deductibles may pay as little as $1,700 annually on average for full coverage. Rates are much higher for teen drivers, since even teens with perfect driving records will be charged in the ballpark of $6,600 a year. View Rates by Age

Where you live plays a big part in determining prices for Chevrolet Silverado EV insurance prices. A good driver about age 40 could pay as low as $1,190 a year in states like North Carolina, Wisconsin, and Vermont, or have to pay at least $2,450 on average in Florida, New York, and Michigan.

Chevrolet Silverado EV Insurance Rates by State
State Premium Compared to U.S. Avg Percent Difference
Alabama $1,640 -$174 -9.6%
Alaska $1,394 -$420 -23.2%
Arizona $1,508 -$306 -16.9%
Arkansas $1,814 -$0 0.0%
California $2,068 $254 14.0%
Colorado $1,732 -$82 -4.5%
Connecticut $1,864 $50 2.8%
Delaware $2,054 $240 13.2%
Florida $2,270 $456 25.1%
Georgia $1,676 -$138 -7.6%
Hawaii $1,302 -$512 -28.2%
Idaho $1,230 -$584 -32.2%
Illinois $1,350 -$464 -25.6%
Indiana $1,370 -$444 -24.5%
Iowa $1,226 -$588 -32.4%
Kansas $1,724 -$90 -5.0%
Kentucky $2,476 $662 36.5%
Louisiana $2,688 $874 48.2%
Maine $1,122 -$692 -38.1%
Maryland $1,498 -$316 -17.4%
Massachusetts $1,450 -$364 -20.1%
Michigan $3,152 $1,338 73.8%
Minnesota $1,518 -$296 -16.3%
Mississippi $2,176 $362 20.0%
Missouri $1,612 -$202 -11.1%
Montana $1,952 $138 7.6%
Nebraska $1,432 -$382 -21.1%
Nevada $2,178 $364 20.1%
New Hampshire $1,310 -$504 -27.8%
New Jersey $2,030 $216 11.9%
New Mexico $1,606 -$208 -11.5%
New York $1,914 $100 5.5%
North Carolina $1,046 -$768 -42.3%
North Dakota $1,488 -$326 -18.0%
Ohio $1,254 -$560 -30.9%
Oklahoma $1,864 $50 2.8%
Oregon $1,662 -$152 -8.4%
Pennsylvania $1,730 -$84 -4.6%
Rhode Island $2,422 $608 33.5%
South Carolina $1,644 -$170 -9.4%
South Dakota $1,532 -$282 -15.5%
Tennessee $1,588 -$226 -12.5%
Texas $2,186 $372 20.5%
Utah $1,342 -$472 -26.0%
Vermont $1,244 -$570 -31.4%
Virginia $1,086 -$728 -40.1%
Washington $1,402 -$412 -22.7%
West Virginia $1,666 -$148 -8.2%
Wisconsin $1,254 -$560 -30.9%
Wyoming $1,616 -$198 -10.9%

View Chart as Image

Chevrolet Silverado EV insurance rates by U.S. city

Choosing higher comprehensive and collision insurance deductibles can save as much as $810 every year, while increasing your policy's liability limits will push rates upward. Switching from a 50/100 bodily injury protection limit to a 250/500 limit will cost as much as $396 extra every 12 months. View Rates by Deductible or Liability Limit

With so much variability in rates, the only way to figure out who has the best car insurance rates is to compare rates and see which company has the best rate. Each auto insurer calculates rates differently, so rate quotes can be significantly different.

Chevrolet Silverado EV Insurance Rates by Model Year
Model Year Comprehensive Collision Liability Total Premium
2024 Chevrolet Silverado EV $384 $810 $440 $1,814
2023 Chevrolet Silverado EV $370 $804 $450 $1,804

Rates are averaged for all Chevrolet Silverado EV models and trim levels. Rates assume a 40-year-old male driver, full coverage with $500 deductibles, and a clean driving record.

How to Find Cheap Chevrolet Silverado EV Insurance

Saving money on car insurance takes not taking risks behind the wheel, having a positive credit history, avoid buying unnecessary coverage, and avoiding coverage lapses. Compare rates every other policy renewal by getting rate quotes from direct insurance companies like Progressive, GEICO, and Esurance, and also from your local car insurance providers.

The following is a brief summary of the ideas that were illustrated above.

  • Teens pay the highest auto insurance rates, costing up to $556 per month if full coverage is purchased
  • Higher risk drivers that tend to have accidents or serious violations could be charged and average of $2,140 more per year for Silverado EV insurance
  • Increasing deductibles can save approximately $800 each year
  • It is possible to save around $230 per year simply by shopping early and online

Rates by Driver Age

Chevrolet Silverado EV Insurance Rates by Driver Age
Driver Age Premium
16 $6,676
20 $4,236
30 $1,908
40 $1,814
50 $1,656
60 $1,628

Full coverage, $500 deductibles

Rates by Deductible

Chevrolet Silverado EV Insurance Rates with Different Deductibles
Deductible Premium
$100 $2,348
$250 $2,100
$500 $1,814
$1,000 $1,544

Full coverage, driver age 40

Rates by Liability Limit

Chevrolet Silverado EV Insurance Rates with Different Liability Limits
Liability Limit Premium
30/60 $1,814
50/100 $1,902
100/300 $2,012
250/500 $2,298
100 CSL $1,946
300 CSL $2,188
500 CSL $2,364

Full coverage, driver age 40

Rates for High Risk Drivers

Chevrolet Silverado EV Insurance Rates for High Risk Drivers
Age Premium
16 $9,576
20 $6,746
30 $4,058
40 $3,958
50 $3,776
60 $3,746

Full coverage, $500 deductibles, two speeding tickets, and one at-fault accident

If a financial responsibility filing is required, the additional charge below may also apply.

SR-22 Surcharge $261

Potential Rate Discounts

If you qualify for discounts, you may save the amounts shown below.

Discount Savings
Multi-policy $98
Multi-vehicle $96
Homeowner $25
5-yr Accident Free $143
5-yr Claim Free $119
Paid in Full/EFT $90
Advance Quote $94
Online Quote $131
Total Discounts $796
Rate after discounts $1,018

Discounts are estimated and may not be available from every company or in every state.

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