Chevrolet Silverado Insurance Rates
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UPDATED: Apr 29, 2024
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Estimated insurance rates for a Chevrolet Silverado are $1,442 a year for full coverage insurance. Comprehensive insurance costs an estimated $274, collision insurance costs $502, and liability coverage is $486. Liability-only insurance costs around $548 a year, and high-risk driver insurance costs $3,122 or more. Teen drivers pay the most at up to $5,516 a year.
Average premium for full coverage: $1,442
Premium estimates broken down by type of coverage:
Includes $500 policy deductibles, 30/60 split liability limits, and includes UM/UIM and medical coverage. Rates include averaging for all 50 states and for different Silverado trim levels.
Insurance Price Range by Risk and Coverage
For a 40-year-old driver, insurance rates for a Chevrolet Silverado range from the low end price of $548 for a discount liability-only rate to a much higher rate of $3,122 for a high-risk insurance policy.
Insurance Price Range by Location
Choosing to live in a large city has a large influence on the price of insurance. More rural locations are statistically proven to have lower incidents of physical damage claims than larger metro areas. The price range example below illustrates how your location can change insurance prices.
These rate differences illustrate why anyone shopping for car insurance should compare rates quotes for a targeted area, rather than using 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.
Rates by State, City, and Model
The chart below illustrates average Chevrolet Silverado insurance rates for other coverage scenarios.
- The lowest rate with discounts is $837
- Raising to $1,000 deductibles will save approximately $176 each year
- The estimated price for a 40-year-old good driver who has $500 deductibles is $1,442
- Choosing more expensive low deductibles will cost an additional $342 each year
- Unlucky drivers with multiple violations and an at-fault accident could pay up to $3,122
- An auto insurance policy that insures a teenage driver with full coverage can cost as much as $5,516
Insurance prices for a Chevrolet Silverado also have a wide range based on the model year and trim level, your age and driving record, and liability limits and deductibles.
If you have a few violations or you caused an accident, you are probably paying $1,700 to $2,400 additional annually, depending on your age. High-risk driver insurance is expensive and can cost around 44% to 131% more than average. View High Risk Driver Rates
An older driver with no violations or accidents and higher comprehensive and collision deductibles may only pay around $1,300 every 12 months on average, or $108 per month, for full coverage. Prices are highest for drivers in their teens, since even teens with perfect driving records should be prepared to pay at least $5,500 a year. View Rates by Age
Where you choose to live also has a big influence on Chevrolet Silverado insurance rates. A middle-age driver might find prices as low as $940 a year in states like North Carolina, Wisconsin, and Vermont, or as much as $1,940 on average in Florida, New York, and Michigan.
| State | Premium | Compared to U.S. Avg | Percent Difference |
|---|---|---|---|
| Alabama | $1,302 | -$140 | -9.7% |
| Alaska | $1,104 | -$338 | -23.4% |
| Arizona | $1,196 | -$246 | -17.1% |
| Arkansas | $1,442 | -$0 | 0.0% |
| California | $1,640 | $198 | 13.7% |
| Colorado | $1,376 | -$66 | -4.6% |
| Connecticut | $1,480 | $38 | 2.6% |
| Delaware | $1,630 | $188 | 13.0% |
| Florida | $1,802 | $360 | 25.0% |
| Georgia | $1,332 | -$110 | -7.6% |
| Hawaii | $1,032 | -$410 | -28.4% |
| Idaho | $976 | -$466 | -32.3% |
| Illinois | $1,072 | -$370 | -25.7% |
| Indiana | $1,086 | -$356 | -24.7% |
| Iowa | $972 | -$470 | -32.6% |
| Kansas | $1,366 | -$76 | -5.3% |
| Kentucky | $1,964 | $522 | 36.2% |
| Louisiana | $2,132 | $690 | 47.9% |
| Maine | $892 | -$550 | -38.1% |
| Maryland | $1,188 | -$254 | -17.6% |
| Massachusetts | $1,150 | -$292 | -20.2% |
| Michigan | $2,500 | $1,058 | 73.4% |
| Minnesota | $1,206 | -$236 | -16.4% |
| Mississippi | $1,726 | $284 | 19.7% |
| Missouri | $1,278 | -$164 | -11.4% |
| Montana | $1,548 | $106 | 7.4% |
| Nebraska | $1,136 | -$306 | -21.2% |
| Nevada | $1,728 | $286 | 19.8% |
| New Hampshire | $1,040 | -$402 | -27.9% |
| New Jersey | $1,610 | $168 | 11.7% |
| New Mexico | $1,274 | -$168 | -11.7% |
| New York | $1,516 | $74 | 5.1% |
| North Carolina | $830 | -$612 | -42.4% |
| North Dakota | $1,180 | -$262 | -18.2% |
| Ohio | $994 | -$448 | -31.1% |
| Oklahoma | $1,478 | $36 | 2.5% |
| Oregon | $1,320 | -$122 | -8.5% |
| Pennsylvania | $1,372 | -$70 | -4.9% |
| Rhode Island | $1,922 | $480 | 33.3% |
| South Carolina | $1,306 | -$136 | -9.4% |
| South Dakota | $1,218 | -$224 | -15.5% |
| Tennessee | $1,260 | -$182 | -12.6% |
| Texas | $1,734 | $292 | 20.2% |
| Utah | $1,064 | -$378 | -26.2% |
| Vermont | $986 | -$456 | -31.6% |
| Virginia | $860 | -$582 | -40.4% |
| Washington | $1,112 | -$330 | -22.9% |
| West Virginia | $1,320 | -$122 | -8.5% |
| Wisconsin | $998 | -$444 | -30.8% |
| Wyoming | $1,282 | -$160 | -11.1% |
Choosing high deductibles can reduce prices by up to $520 a year, while increasing your policy's liability limits will increase premiums. Switching from a 50/100 bodily injury protection limit to a 250/500 limit will cost up to $387 more each year. View Rates by Deductible or Liability Limit
Insurance Rates by Trim Level and Model Year
| Model and Trim | Annual Premium | Monthly Premium |
|---|---|---|
| LS Regular Cab 2WD | $1,244 | $104 |
| LS Regular Cab 4WD | $1,206 | $101 |
| LT Regular Cab 2WD | $1,362 | $114 |
| LT Regular Cab | $1,362 | $114 |
| LS Extended Cab 4WD | $1,312 | $109 |
| LT Extended Cab 4WD | $1,312 | $109 |
| LS Extended Cab 2WD | $1,402 | $117 |
| LT Extended Cab 2WD | $1,402 | $117 |
| LS Crew Cab 2WD | $1,442 | $120 |
| LT Crew Cab 2WD | $1,442 | $120 |
| LS Crew Cab 4WD | $1,364 | $114 |
| LT Crew Cab 4WD | $1,364 | $114 |
| LTZ Extended Cab 2WD | $1,482 | $124 |
| LTZ Extended Cab 4WD | $1,404 | $117 |
| LTZ Crew Cab 2WD | $1,522 | $127 |
| LTZ Crew Cab 4WD | $1,444 | $120 |
| Crew Cab Hybrid 2WD | $1,472 | $123 |
| Crew Cab Hybrid 4WD | $1,506 | $126 |
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 | $306 | $542 | $440 | $1,468 |
| 2023 Chevrolet Silverado | $294 | $536 | $450 | $1,460 |
| 2022 Chevrolet Silverado | $284 | $524 | $470 | $1,458 |
| 2021 Chevrolet Silverado | $274 | $502 | $486 | $1,442 |
| 2019 Chevrolet Silverado | $250 | $450 | $510 | $1,390 |
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 the Cheapest Chevrolet Silverado Insurance
Finding better rates on auto insurance consists of avoiding accidents and claims, having a good credit score, paying for small claims out-of-pocket, and possibly raising deductibles. Shop around at least every other year by obtaining price quotes from direct insurance companies, and also from local insurance agencies.
The points below are a recap of the car insurance concepts illustrated above.
- Drivers that have major violations or accidents may have to pay on average $1,680 more annually to insure a Chevrolet Silverado
- It is possible to save approximately $170 per year just by shopping early and online
- Increasing policy deductibles can save approximately $525 each year
- Consumers who want increased liability limits will pay about $540 annually to raise from 30/60 bodily injury limits to the 250/500 level
Rate Tables and Charts
Rates by Driver Age
| Driver Age | Premium |
|---|---|
| 16 | $5,516 |
| 20 | $3,332 |
| 30 | $1,492 |
| 40 | $1,442 |
| 50 | $1,320 |
| 60 | $1,294 |
Full coverage, $500 deductibles
Rates by Deductible
| Deductible | Premium |
|---|---|
| $100 | $1,784 |
| $250 | $1,626 |
| $500 | $1,442 |
| $1,000 | $1,266 |
Full coverage, driver age 40
Rates by Liability Limit
| Liability Limit | Premium |
|---|---|
| 30/60 | $1,442 |
| 50/100 | $1,592 |
| 100/300 | $1,700 |
| 250/500 | $1,979 |
| 100 CSL | $1,635 |
| 300 CSL | $1,872 |
| 500 CSL | $2,044 |
Full coverage, driver age 40
Rates for High Risk Drivers
| Age | Premium |
|---|---|
| 16 | $7,844 |
| 20 | $5,308 |
| 30 | $3,180 |
| 40 | $3,122 |
| 50 | $2,982 |
| 60 | $2,956 |
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 | $76 |
| Multi-vehicle | $77 |
| Homeowner | $22 |
| 5-yr Accident Free | $103 |
| 5-yr Claim Free | $93 |
| Paid in Full/EFT | $63 |
| Advance Quote | $70 |
| Online Quote | $101 |
| Total Discounts | $605 |
Discounts are estimated and may not be available from every company or in every state.
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