Chevrolet Silverado EV Insurance Rates
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UPDATED: Mar 28, 2024
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U.S. average insurance prices for a Chevrolet Silverado EV are $1,848 every 12 months with full coverage. Comprehensive costs on average $404 a year, collision costs $844, and liability insurance costs around $420. A policy with just liability insurance costs as low as $494 a year, with coverage for high-risk drivers costing around $4,022. Teen drivers pay the highest rates at $6,736 a year or more.
Average premium for full coverage: $1,848
Price estimates by individual coverage:
Estimates include $500 policy deductibles, liability limits of 30/60, and includes both medical and UM/UIM coverage. Estimates are averaged for all U.S. states and Silverado EV trim levels.
Price Range from Low to High
Using a middle-aged driver as an example, Chevrolet Silverado EV insurance prices go from the cheapest price of $494 for basic liability insurance to a high of $4,022 for a driver that may need high-risk insurance.
Geographic Price Range
Where you live has a significant impact on auto insurance rates. Rural areas have more infrequent collision claims than larger metro areas.
The diagram below illustrates how where you live affects car insurance rates.
The ranges above demonstrate why it is important to compare prices based on a specific location and their own driving history, rather than relying on price averages.
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.
Rate Comparisons
The chart below details estimated Chevrolet Silverado EV insurance rates for different risk profiles and scenarios.
- The lowest rate with discounts is $1,036
- Using higher $1,000 deductibles will save around $1,564 annually
- The average price for the average middle-age driver with $500 deductibles is $1,848
- Choosing low $100 deductibles for physical damage coverage increases the price to $2,402
- Drivers with multiple violations and an at-fault accident could pay upwards of $4,022 or more
- The price to insure a teen driver may cost $6,736 or more
Insurance prices for a Chevrolet Silverado EV are also quite variable based on deductibles and policy limits, your driving record, and the trim level of your Silverado EV.
Choosing high deductibles could cut prices by as much as $840 each year, while buying higher liability limits will cost you more. Moving from a 50/100 liability limit to a 250/500 limit will increase prices by as much as $378 more per year. View Rates by Deductible or Liability Limit
Older drivers with a clean driving record and higher deductibles could pay as little as $1,700 a year for full coverage. Prices are highest for teenage drivers, since even excellent drivers can expect to pay upwards of $6,700 a year. View Rates by Age
If you have some driving violations or you were responsible for an accident, you may be forking out at a minimum $2,200 to $3,000 extra each year, depending on your age. A high-risk auto insurance policy can be anywhere from 45% to 133% more than average. View High Risk Driver Rates
The state you live in has a huge impact on Chevrolet Silverado EV insurance rates. A driver around age 40 might see prices as low as $1,330 a year in states like New Hampshire, Ohio, and Utah, or as much as $2,490 on average in Florida, Michigan, and New York.
| State | Premium | Compared to U.S. Avg | Percent Difference |
|---|---|---|---|
| Alabama | $1,668 | -$180 | -9.7% |
| Alaska | $1,416 | -$432 | -23.4% |
| Arizona | $1,536 | -$312 | -16.9% |
| Arkansas | $1,848 | -$0 | 0.0% |
| California | $2,106 | $258 | 14.0% |
| Colorado | $1,764 | -$84 | -4.5% |
| Connecticut | $1,896 | $48 | 2.6% |
| Delaware | $2,090 | $242 | 13.1% |
| Florida | $2,310 | $462 | 25.0% |
| Georgia | $1,704 | -$144 | -7.8% |
| Hawaii | $1,326 | -$522 | -28.2% |
| Idaho | $1,254 | -$594 | -32.1% |
| Illinois | $1,374 | -$474 | -25.6% |
| Indiana | $1,394 | -$454 | -24.6% |
| Iowa | $1,246 | -$602 | -32.6% |
| Kansas | $1,754 | -$94 | -5.1% |
| Kentucky | $2,518 | $670 | 36.3% |
| Louisiana | $2,734 | $886 | 47.9% |
| Maine | $1,142 | -$706 | -38.2% |
| Maryland | $1,526 | -$322 | -17.4% |
| Massachusetts | $1,474 | -$374 | -20.2% |
| Michigan | $3,206 | $1,358 | 73.5% |
| Minnesota | $1,546 | -$302 | -16.3% |
| Mississippi | $2,214 | $366 | 19.8% |
| Missouri | $1,638 | -$210 | -11.4% |
| Montana | $1,984 | $136 | 7.4% |
| Nebraska | $1,456 | -$392 | -21.2% |
| Nevada | $2,216 | $368 | 19.9% |
| New Hampshire | $1,332 | -$516 | -27.9% |
| New Jersey | $2,066 | $218 | 11.8% |
| New Mexico | $1,634 | -$214 | -11.6% |
| New York | $1,946 | $98 | 5.3% |
| North Carolina | $1,064 | -$784 | -42.4% |
| North Dakota | $1,512 | -$336 | -18.2% |
| Ohio | $1,274 | -$574 | -31.1% |
| Oklahoma | $1,896 | $48 | 2.6% |
| Oregon | $1,692 | -$156 | -8.4% |
| Pennsylvania | $1,762 | -$86 | -4.7% |
| Rhode Island | $2,464 | $616 | 33.3% |
| South Carolina | $1,676 | -$172 | -9.3% |
| South Dakota | $1,560 | -$288 | -15.6% |
| Tennessee | $1,616 | -$232 | -12.6% |
| Texas | $2,224 | $376 | 20.3% |
| Utah | $1,366 | -$482 | -26.1% |
| Vermont | $1,264 | -$584 | -31.6% |
| Virginia | $1,106 | -$742 | -40.2% |
| Washington | $1,424 | -$424 | -22.9% |
| West Virginia | $1,694 | -$154 | -8.3% |
| Wisconsin | $1,280 | -$568 | -30.7% |
| Wyoming | $1,644 | -$204 | -11.0% |
Since prices can be so different, the best way to find out exactly what you will pay is to get quotes from as many companies as possible. Each insurance company uses a different rate calculation, so the prices may be quite different.
| Model Year | Comprehensive | Collision | Liability | Total Premium |
|---|---|---|---|---|
| 2024 Chevrolet Silverado EV | $404 | $844 | $420 | $1,848 |
| 2023 Chevrolet Silverado EV | $384 | $810 | $440 | $1,814 |
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 Shop for Low Cost Chevrolet Silverado EV Insurance
Getting lower rates on Chevrolet Silverado EV insurance requires avoiding accidents and claims, having good credit, avoid buying unnecessary coverage, and bundling your home and auto policies. Take the time to comparison shop once a year by getting price quotes from direct companies like Progressive, GEICO, and Esurance, and also from local exclusive and independent agents.
The points below are a review of the data that was touched on in the above illustrations.
- You may be able to save as much as $230 per year simply by quoting early and online
- Drivers who require increased liability limits will pay about $460 every year to increase from a low limit to a 250/500 level
- Drivers under the age of 20 pay the highest prices, costing up to $561 a month if they have full coverage
- High-risk drivers who have several accidents or serious violations may pay on average $2,170 more each year to insure a Chevrolet Silverado EV
Rate Tables and Charts
Rates by Driver Age
| Driver Age | Premium |
|---|---|
| 16 | $6,736 |
| 20 | $4,306 |
| 30 | $1,942 |
| 40 | $1,848 |
| 50 | $1,686 |
| 60 | $1,656 |
Full coverage, $500 deductibles
Rates by Deductible
| Deductible | Premium |
|---|---|
| $100 | $2,402 |
| $250 | $2,142 |
| $500 | $1,848 |
| $1,000 | $1,564 |
Full coverage, driver age 40
Rates by Liability Limit
| Liability Limit | Premium |
|---|---|
| 30/60 | $1,848 |
| 50/100 | $1,932 |
| 100/300 | $2,037 |
| 250/500 | $2,310 |
| 100 CSL | $1,974 |
| 300 CSL | $2,205 |
| 500 CSL | $2,373 |
Full coverage, driver age 40
Rates for High Risk Drivers
| Age | Premium |
|---|---|
| 16 | $9,670 |
| 20 | $6,852 |
| 30 | $4,130 |
| 40 | $4,022 |
| 50 | $3,836 |
| 60 | $3,808 |
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.
Potential Rate Discounts
If you qualify for discounts, you may save the amounts shown below.
| Discount | Savings |
|---|---|
| Multi-policy | $100 |
| Multi-vehicle | $97 |
| Homeowner | $25 |
| 5-yr Accident Free | $147 |
| 5-yr Claim Free | $121 |
| Paid in Full/EFT | $92 |
| Advance Quote | $97 |
| Online Quote | $133 |
| Total Discounts | $812 |
Discounts are estimated and may not be available from every company or in every state.
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