Chevrolet Silverado EV Insurance Rates
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UPDATED: Mar 28, 2024
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U.S. average insurance rates for a Chevrolet Silverado EV are $1,848 a year for full coverage insurance. Comprehensive costs an estimated $404, collision costs $844, and liability coverage is estimated at $420. Liability-only coverage costs approximately $494 a year, with high-risk coverage costing around $4,022. Teens pay the highest rates at $6,736 a year or more.
Average premium for full coverage: $1,848
Price estimates broken down by individual coverage:
These estimates include $500 comprehensive and collision deductibles, split liability limits of 30/60, and includes medical and UM/UIM coverage. Estimates are averaged for all 50 states and for different Silverado EV trim levels.
Price Range from Low to High
For a driver in their 40's, Chevrolet Silverado EV insurance prices go from the low end price of $494 for just liability insurance to a much higher rate of $4,022 for coverage for higher-risk drivers.
Geographic Price Range
Living in a larger city has a large influence on the price of insurance. More rural locations have lower incidents of physical damage claims than cities with more traffic congestion.
The price range example below illustrates how location helps determine insurance prices.
The ranges above illustrate why anyone shopping for car insurance should get quotes for a targeted area, rather than 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.
More Rate Details
The chart below illustrates estimated Chevrolet Silverado EV insurance rates for other coverage scenarios.
- The cheapest rate after discounts is $1,036
- Choosing higher $1,000 deductibles can save approximately $284 each year
- The estimated price for the average middle-age driver who has $500 deductibles is $1,848
- Selecting more expensive low deductibles for comp and collision coverage bumps up the cost to $2,402
- Drivers with serious driving violations could pay up to $4,022 or more
- The price that insures a teenage driver with full coverage can cost as much as $6,736 each year
Auto insurance prices for a Chevrolet Silverado EV are also quite variable based on the model year and trim level, your age and driving record, and liability limits and deductibles.
If you have some driving violations or you caused an accident, you are probably paying $2,200 to $3,000 in extra premium each year, depending on your age. High-risk driver insurance ranges around 45% to 133% more than the average policy. View High Risk Driver Rates
An older driver with a good driving record and higher comprehensive and collision deductibles may only pay around $1,700 annually on average for full coverage. Prices are much higher for teenage drivers, since even teens with perfect driving records will have to pay at least $6,700 a year. View Rates by Age
The state you live in plays a big part in determining prices for Chevrolet Silverado EV insurance rates. A good driver about age 40 could pay as low as $1,210 a year in states like North Carolina, Wisconsin, and Vermont, or have to pay at least $2,490 on average in Florida, New York, and Michigan.
| 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% |
Choosing higher comprehensive and collision insurance deductibles can save as much as $840 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 increase prices by as much as $378 extra every year. View Rates by Deductible or Liability Limit
Since prices can be so different, the only way to figure out which car insurance is cheapest is to compare prices and see how they stack up. Each auto insurer calculates prices differently, and quoted 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 Find Cheap Chevrolet Silverado EV Insurance
Getting lower rates on auto insurance takes avoiding accidents and violations, maintaining a good credit score, not filing small claims, and qualifying for all possible discounts. Compare rates at least once a year by requesting quotes from direct insurance companies, and also from local insurance agencies.
The list below is a brief summary of the primary concepts that were covered in the charts and tables above.
- It is possible to save approximately $230 per year simply by shopping early and online
- Drivers that tend to have accidents or serious violations may have to pay on average $2,170 more annually for car insurance
- Increasing physical damage deductibles can save approximately $850 each year
- Teenagers are the costliest to insure, as much as $561 a month if the policy includes full coverage
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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