Chevrolet Silverado Insurance Rates
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UPDATED: Apr 29, 2024
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Estimated insurance prices for a Chevrolet Silverado are $1,458 every 12 months for full coverage. Comprehensive insurance costs approximately $284 each year, collision insurance costs $524, and liability costs $470. Liability-only coverage costs as little as $536 a year, and high-risk coverage costs $3,158 or more. Teenage drivers pay the most at up to $5,542 a year.
Average premium for full coverage: $1,458
Premium estimates by type of coverage:
Prices include $500 policy deductibles, 30/60 split liability limits, and includes UM/UIM and medical coverage. Rates include averaging for all states and Silverado models.
Insurance Price Range by Risk and Coverage
For the normal driver, insurance rates for a Chevrolet Silverado range from the cheapest price of $536 for a discount liability-only rate to a high rate of $3,158 for a high-risk insurance policy.
Insurance Price Range by Location
Your location can make a big difference on car insurance rates. Rural locations are statistically proven to have more infrequent accident claims than densely populated cities. The graphic below illustrates how geographic area affects auto insurance prices.
These rate differences show why all drivers should compare rates using their specific location and their own driving history, instead of making a decision based on average rates.
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.
Rates by State, City, and Model
The chart below shows average Chevrolet Silverado insurance rates for additional coverage and risk scenarios.
- The best discount rate is $845
- Drivers who choose higher $1,000 deductibles will pay $184 a year
- The average price for a 40-year-old good driver who chooses $500 deductibles is $1,458
- Using low deductibles for comprehensive and collision insurance costs an extra $356 annually
- Drivers who are prone to accidents and violations could pay around $3,158
- An auto insurance policy to insure a 16-year-old driver can cost $5,542 a year
Insurance prices for a Chevrolet Silverado also have a wide range based on physical damage deductibles and liability limits, your driver profile, and the model of your Silverado.
Using high physical damage deductibles could save up to $540 annually, whereas increasing liability limits will push prices upward. Going from a 50/100 liability limit to a 250/500 limit will cost up to $375 more per year. View Rates by Deductible or Liability Limit
More mature drivers with a clean driving record and higher deductibles may pay as low as $1,400 per year on average, or $117 per month, for full coverage. Prices are much higher for drivers in their teens, since even excellent drivers can expect to pay in the ballpark of $5,500 a year. View Rates by Age
If you have a few violations or you were responsible for an accident, you could be paying anywhere from $1,700 to $2,400 extra annually, depending on your age. Insurance for high-risk drivers can cost from 43% to 130% more than a normal policy. View High Risk Driver Rates
Where you choose to live makes a big difference in Chevrolet Silverado insurance prices. A 40-year-old driver could pay as low as $960 a year in states like Iowa, Maine, and Idaho, or be forced to pay as much as $2,080 on average in New York, Louisiana, and Michigan.
| 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% |
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 Shop for the Right Chevrolet Silverado Insurance
Finding better rates on insurance for a Chevrolet Silverado not only requires avoiding accidents and claims, but also having good credit, not filing small claims, and possibly raising deductibles. Invest the time to compare rates at least every other year by getting quotes from direct carriers, and also from your local independent and exclusive agents.
The points below are a quick rundown of the car insurance concepts presented in the illustrations above.
- Drivers considered higher risk with reckless driving or DUI convictions may pay on average $1,700 more per year to insure a Chevrolet Silverado
- Drivers can save around $170 per year just by quoting online in advance
- Increasing policy deductibles could save as much as $550 each year
- Insureds who purchase increased liability limits will pay an extra $520 each year to go from 30/60 bodily injury limits to a 250/500 level
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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