Chevrolet Silverado Insurance Rates
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UPDATED: Apr 29, 2024
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U.S. average insurance rates for a Chevrolet Silverado are $1,458 a year with full coverage. Comprehensive costs approximately $284 each year, collision costs $524, and liability insurance costs around $470. A policy with just liability insurance costs as low as $536 a year, with coverage for high-risk drivers costing around $3,158. Teens pay the highest rates at $5,542 a year or more.
Average premium for full coverage: $1,458
Price estimates by individual coverage:
Price estimates include $500 policy deductibles, bodily injury liability limits of 30/60, and includes both medical and uninsured motorist insurance. Estimates are averaged for all U.S. states and Silverado models.
Price Range from Low to High
For a driver in their 40's, Chevrolet Silverado insurance prices go from the low end price of $536 for minimum levels of liability insurance to a high rate of $3,158 for a driver who has had serious violations or accidents.
Geographic Price Range
Where you live has a significant impact on the price of insurance. Rural locations have lower incidents of collision claims than cities with more traffic congestion.
The graphic below illustrates how location helps determine auto insurance prices.
The ranges above demonstrate why all drivers should compare prices using their specific location, rather than relying on 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 Details
The chart below details estimated Chevrolet Silverado insurance rates for additional coverage and risk scenarios.
- The cheapest rate after discounts is $845
- Using higher $1,000 deductibles will save $184 annually
- The estimated price for the average middle-age driver who chooses $500 deductibles is $1,458
- Selecting low deductibles for physical damage coverage bumps up the cost to $1,814
- Drivers with serious driving violations could pay around $3,158 or more
- The price that insures a teen driver can cost $5,542 or more
Insurance prices for a Chevrolet Silverado are also quite variable based on the trim level and model year, your age and driving habits, and physical damage deductibles and liability limits.
If you have some driving violations or you caused an accident, you may be forking out anywhere from $1,700 to $2,400 extra each year, depending on your age. Insurance for high-risk drivers can be anywhere from 43% to 130% more than the average policy. View High Risk Driver Rates
More mature drivers with a clean driving record and higher comprehensive and collision deductibles could pay as little as $1,400 a year for full coverage. Prices are much higher for teenage drivers, since even teens with perfect driving records can expect to pay in the ballpark of $5,500 a year. View Rates by Age
The state you live in has a huge impact on Chevrolet Silverado insurance rates. A driver around age 40 might see prices as low as $1,050 a year in states like Utah, Ohio, and New Hampshire, or have to pay at least $1,970 on average in New York, Michigan, and Florida.
| State | Premium | Compared to U.S. Avg | Percent Difference |
|---|---|---|---|
| Alabama | $1,316 | -$142 | -9.7% |
| Alaska | $1,118 | -$340 | -23.3% |
| Arizona | $1,210 | -$248 | -17.0% |
| Arkansas | $1,458 | -$0 | 0.0% |
| California | $1,660 | $202 | 13.9% |
| Colorado | $1,392 | -$66 | -4.5% |
| Connecticut | $1,498 | $40 | 2.7% |
| Delaware | $1,650 | $192 | 13.2% |
| Florida | $1,824 | $366 | 25.1% |
| Georgia | $1,346 | -$112 | -7.7% |
| Hawaii | $1,046 | -$412 | -28.3% |
| Idaho | $986 | -$472 | -32.4% |
| Illinois | $1,084 | -$374 | -25.7% |
| Indiana | $1,098 | -$360 | -24.7% |
| Iowa | $984 | -$474 | -32.5% |
| Kansas | $1,384 | -$74 | -5.1% |
| Kentucky | $1,988 | $530 | 36.4% |
| Louisiana | $2,158 | $700 | 48.0% |
| Maine | $900 | -$558 | -38.3% |
| Maryland | $1,202 | -$256 | -17.6% |
| Massachusetts | $1,164 | -$294 | -20.2% |
| Michigan | $2,530 | $1,072 | 73.5% |
| Minnesota | $1,220 | -$238 | -16.3% |
| Mississippi | $1,748 | $290 | 19.9% |
| Missouri | $1,292 | -$166 | -11.4% |
| Montana | $1,566 | $108 | 7.4% |
| Nebraska | $1,148 | -$310 | -21.3% |
| Nevada | $1,748 | $290 | 19.9% |
| New Hampshire | $1,050 | -$408 | -28.0% |
| New Jersey | $1,630 | $172 | 11.8% |
| New Mexico | $1,290 | -$168 | -11.5% |
| New York | $1,538 | $80 | 5.5% |
| North Carolina | $840 | -$618 | -42.4% |
| North Dakota | $1,192 | -$266 | -18.2% |
| Ohio | $1,006 | -$452 | -31.0% |
| Oklahoma | $1,496 | $38 | 2.6% |
| Oregon | $1,334 | -$124 | -8.5% |
| Pennsylvania | $1,388 | -$70 | -4.8% |
| Rhode Island | $1,944 | $486 | 33.3% |
| South Carolina | $1,322 | -$136 | -9.3% |
| South Dakota | $1,230 | -$228 | -15.6% |
| Tennessee | $1,274 | -$184 | -12.6% |
| Texas | $1,754 | $296 | 20.3% |
| Utah | $1,078 | -$380 | -26.1% |
| Vermont | $998 | -$460 | -31.6% |
| Virginia | $872 | -$586 | -40.2% |
| Washington | $1,124 | -$334 | -22.9% |
| West Virginia | $1,336 | -$122 | -8.4% |
| Wisconsin | $1,008 | -$450 | -30.9% |
| Wyoming | $1,298 | -$160 | -11.0% |
Choosing higher comprehensive and collision insurance deductibles could cut prices by as much as $540 each year, whereas increasing liability limits will push prices upward. Moving from a 50/100 bodily injury protection limit to a 250/500 limit will increase prices by as much as $375 more per year. View Rates by Deductible or Liability Limit
Since prices can be so different, the best way to find out who has the cheapest auto insurance prices is to do a rate comparison from as many companies as possible. Each insurance company calculates prices differently, so the prices may be quite different.
Insurance Rates by Trim Level and Model Year
| Model and Trim | Annual Premium | Monthly Premium |
|---|---|---|
| LS Regular Cab 2WD | $1,252 | $104 |
| LS Regular Cab 4WD | $1,218 | $102 |
| LT Regular Cab 2WD | $1,376 | $115 |
| LT Regular Cab | $1,376 | $115 |
| LS Extended Cab 4WD | $1,328 | $111 |
| LT Extended Cab 4WD | $1,328 | $111 |
| LS Extended Cab 2WD | $1,416 | $118 |
| LT Extended Cab 2WD | $1,416 | $118 |
| LS Crew Cab 2WD | $1,458 | $122 |
| LT Crew Cab 2WD | $1,458 | $122 |
| LS Crew Cab 4WD | $1,382 | $115 |
| LT Crew Cab 4WD | $1,382 | $115 |
| LTZ Extended Cab 2WD | $1,498 | $125 |
| LTZ Extended Cab 4WD | $1,422 | $119 |
| LTZ Crew Cab 2WD | $1,540 | $128 |
| LTZ Crew Cab 4WD | $1,464 | $122 |
| Crew Cab Hybrid 2WD | $1,492 | $124 |
| Crew Cab Hybrid 4WD | $1,528 | $127 |
Rates assume 2021 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.
| Model Year | Comprehensive | Collision | Liability | Total Premium |
|---|---|---|---|---|
| 2024 Chevrolet Silverado | $322 | $562 | $420 | $1,484 |
| 2023 Chevrolet Silverado | $306 | $542 | $440 | $1,468 |
| 2022 Chevrolet Silverado | $294 | $536 | $450 | $1,460 |
| 2021 Chevrolet Silverado | $284 | $524 | $470 | $1,458 |
| 2019 Chevrolet Silverado | $260 | $484 | $500 | $1,424 |
Rates are averaged for all Chevrolet Silverado 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 Cheaper Chevrolet Silverado Insurance
Getting lower rates on Chevrolet Silverado insurance requires being safe and accident-free, having above-average credit, avoid buying unnecessary coverage, and maximizing policy discounts. Compare rates every other policy renewal by getting quotes from direct companies, and also from local insurance agencies.
Below you'll find a condensed summary of the ideas that were covered in the charts and tables above.
- Youthful drivers are expensive to insure, costing up to $462 a month if full coverage is included
- High-risk drivers with multiple at-fault accidents may have to pay on average $1,700 more per year than a low-risk driver
- Increasing physical damage deductibles can save approximately $550 each year
- You may be able to save around $170 per year simply by quoting online in advance
Rate Tables and Charts
Rates by Driver Age
| Driver Age | Premium |
|---|---|
| 16 | $5,542 |
| 20 | $3,374 |
| 30 | $1,512 |
| 40 | $1,458 |
| 50 | $1,334 |
| 60 | $1,310 |
Full coverage, $500 deductibles
Rates by Deductible
| Deductible | Premium |
|---|---|
| $100 | $1,814 |
| $250 | $1,650 |
| $500 | $1,458 |
| $1,000 | $1,274 |
Full coverage, driver age 40
Rates by Liability Limit
| Liability Limit | Premium |
|---|---|
| 30/60 | $1,458 |
| 50/100 | $1,611 |
| 100/300 | $1,715 |
| 250/500 | $1,986 |
| 100 CSL | $1,653 |
| 300 CSL | $1,882 |
| 500 CSL | $2,048 |
Full coverage, driver age 40
Rates for High Risk Drivers
| Age | Premium |
|---|---|
| 16 | $7,890 |
| 20 | $5,368 |
| 30 | $3,218 |
| 40 | $3,158 |
| 50 | $3,016 |
| 60 | $2,988 |
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 | $77 |
| Multi-vehicle | $77 |
| Homeowner | $22 |
| 5-yr Accident Free | $105 |
| 5-yr Claim Free | $94 |
| Paid in Full/EFT | $65 |
| Advance Quote | $71 |
| Online Quote | $102 |
| Total Discounts | $613 |
Discounts are estimated and may not be available from every company or in every state.
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