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 insurance costs around $404 each year, collision insurance costs $844, and liability is estimated at $420. Liability-only coverage costs approximately $494 a year, and high-risk coverage costs $4,022 or more. Teen drivers pay the highest rates at up to $6,736 a year.
Average premium for full coverage: $1,848
Price estimates for individual coverage:
Rate estimates include $500 policy deductibles, liability coverage up to 30/60, and includes medical and uninsured motorist coverage. Estimates are averaged for all U.S. states and Silverado EV models.
Price Range from Low to High
For a 40-year-old driver, Chevrolet Silverado EV insurance prices range from the cheapest price of $494 for just liability coverage to a high rate of $4,022 for a high-risk driver policy.
Geographic Price Range
Living in a larger city can make a big difference on insurance rates. Areas with sparse population have more infrequent collision claims than larger metro areas. The graphic below illustrates how your location can change auto insurance rates.
The ranges above demonstrate why all drivers should get quotes for a specific zip code and their own driving history, instead of making a decision based 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.
Detailed Rate Analysis
The chart below details average Chevrolet Silverado EV insurance rates for additional coverage choices and driver risks.
- The lowest rate with discounts is $1,036
- Choosing higher $1,000 deductibles can save about $284 annually
- The average price for the average middle-age driver using $500 deductibles is $1,848
- Choosing low deductibles for comp and collision coverage costs an extra $554 annually
- Higher-risk drivers with multiple violations and an at-fault accident could pay at least $4,022
- The price to insure a 16-year-old driver can be $6,736 each year
Auto insurance prices for a Chevrolet Silverado EV are also quite variable based on deductibles and policy limits, your driving record, and the trim level and model year.
Choosing high deductibles can save as much as $840 annually, whereas increasing liability limits will increase prices. Moving from a 50/100 liability limit to a 250/500 limit will increase prices by as much as $378 extra every year. View Rates by Deductible or Liability Limit
More mature drivers with a good driving record and higher deductibles may pay as low as $1,700 annually on average for full coverage. Prices are highest for teenage drivers, since even excellent drivers will have to pay as much as $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 least $2,200 to $3,000 in extra premium each year, depending on your age. Insurance for high-risk drivers ranges from 45% to 133% more than average. View High Risk Driver Rates
The state you live in plays a big part in determining prices for Chevrolet Silverado EV insurance prices. A good driver about age 40 could pay 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% |
| 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 the Best Chevrolet Silverado EV Insurance
Getting lower rates on insurance for a Chevrolet Silverado EV takes being a good driver, having a good credit score, avoid buying unnecessary coverage, and possibly raising deductibles. Invest the time to shop around every time your policy renews by getting quotes from direct companies like Progressive, GEICO, and Esurance, and also from several local insurance agents.
The following list is a brief recap of the information illustrated above.
- You may be able to save up to $230 per year just by quoting online in advance
- Drivers age 16 to 20 are expensive to insure, costing up to $561 a month if comprehensive and collision insurance is included
- Increasing physical damage deductibles could save as much as $850 each year
- Drivers considered higher risk who tend to receive serious violations pay on average $2,170 more every year than a safer driver
- Insureds who may need an increased level of liability coverage will pay about $460 every year to raise limits from a low limit to a 250/500 level
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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