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Compare Chevrolet Silverado Insurance Rates

Insurance rates for a Chevrolet Silverado average $1,484 a year, or around $124 a month. Finding Chevrolet Silverado teenager insurance rates can cost on average $5,424 a year, so shop around to find cheap coverage.

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Eric Stauffer is a former insurance agent and banker turned consumer advocate. His priority is to help educate individuals and families about the different types of insurance they need, and assist them in finding the best...

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UPDATED: Jun 22, 2020

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Key takeaways:

  • Full coverage costs around $1,484 a year or $124 each month
  • A liability-only policy costs around $595 a year or $50 each month
  • Highest rates are for teenage drivers at around $5,424 a year or $452 each month
  • Good drivers can save as much as $612 a year by earning policy discounts
  • Chevrolet Silverado insurance costs around $35 less per year than the average vehicle

Chevrolet Silverado insurance rates are just under the average for vehicles in the country with full coverage averaging $1,484 a year or $124 a month. Teens will pay the highest rates at around $5,424 a year or $452 a month as they’re considered high-risk with little driving experience. Let’s take a closer look at Chevrolet Silverado insurance rates, safety ratings, and more.

You can start comparing quotes for Chevrolet Silverado car insurance rates from some of the best car insurance companies by using our free online tool now.

Chevrolet Silverado Insurance Cost

The average Chevrolet Silverado car insurance rates are $1,484 a year or $124 a month.

Enter your zip code below to view companies that have cheap auto insurance rates.

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Are Chevrolet Silverados Expensive to Insure?

The chart below details how Chevrolet Silverado insurance rates compare to other trucks like the Chevrolet Colorado, Dodge Ram, and Chevrolet Silverado 3500HD.

Vehicle Comprehensive Collision Liability Total
Chevrolet Silverado $322 $562 $420 $1,484
Chevrolet Colorado $254 $438 $372 $1,222
Dodge Ram $362 $562 $420 $1,524
Chevrolet Silverado 3500HD $404 $656 $420 $1,660
GMC Sierra 3500HD $376 $656 $420 $1,632
Toyota Tacoma $294 $482 $390 $1,324
Ford Ranger $254 $470 $372 $1,254

However, there are a few things you can do to find the cheapest Chevrolet insurance rates online.

What Impacts the Cost of Chevrolet Silverado Insurance?

The Chevrolet Silverado trim and model you choose can impact the total price you will pay for Chevrolet Silverado auto insurance coverage.

Age of the Vehicle

The average Chevrolet Silverado car insurance rates are higher for newer models. For example, car insurance for a 2020 Chevrolet Silverado costs $1,484, while 2010 Chevrolet Silverado insurance costs are $1,238, a difference of $246.

Model Year Comprehensive Collision Liability Total
2020 Chevrolet Silverado $322 $562 $420 $1,484
2019 Chevrolet Silverado $306 $542 $440 $1,468
2018 Chevrolet Silverado $294 $536 $450 $1,460
2017 Chevrolet Silverado $284 $524 $470 $1,458
2016 Chevrolet Silverado $274 $502 $486 $1,442
2015 Chevrolet Silverado $260 $484 $500 $1,424
2014 Chevrolet Silverado $250 $450 $510 $1,390
2013 Chevrolet Silverado $240 $424 $514 $1,358
2012 Chevrolet Silverado $230 $380 $520 $1,310
2011 Chevrolet Silverado $214 $350 $520 $1,264
2010 Chevrolet Silverado $206 $328 $524 $1,238

Driver Age

Driver age can have a significant effect on Chevrolet Silverado car insurance rates. As an example, a 30-year-old driver pays around $65 more each year for their Chevrolet Silverado car insurance than a 40-year-old driver.

Driver Location

Where you live can have a large impact on Chevrolet Silverado insurance rates. For example, drivers in New York may pay $906 a year more than drivers in Seattle.

Your Driving Record

Your driving record can have an impact on the cost of Chevrolet Silverado car insurance. Teens and drivers in their 20’s see the highest jump in their Chevrolet Silverado car insurance with violations on their driving record.

Chevrolet Silverado Safety Ratings

The Chevrolet Silverado’s safety ratings will affect your Chevrolet Silverado auto insurance rates. See the chart below:

Test Type Rating
Small overlap front: driver-side Good
Small overlap front: passenger-side Marginal
Moderate overlap front Good
Side Good
Roof strength Good
Head restraints and seats Good
Source: Insurance Institute for Highway Safety

Chevrolet Silverado Crash Test Ratings

Chevrolet Silverado crash test ratings can impact the cost of your Chevrolet Silverado car insurance. See Chevrolet Silverado crash test results below:

Vehicle Tested Overall Frontal Side Rollover
2020 Chevrolet Silverado 2500 PU/RC 4WD N/R N/R N/R N/R
2020 Chevrolet Silverado 2500 PU/RC 2WD N/R N/R N/R N/R
2020 Chevrolet Silverado 2500 PU/EC 4WD N/R N/R N/R N/R
2020 Chevrolet Silverado 2500 PU/EC 2WD N/R N/R N/R N/R
2020 Chevrolet Silverado 2500 PU/CC 4WD N/R N/R N/R N/R
2020 Chevrolet Silverado 2500 PU/CC 2WD N/R N/R N/R N/R
2020 Chevrolet Silverado 1500 PU/RC 4WD 4 stars 4 stars 5 stars 4 stars
2020 Chevrolet Silverado 1500 PU/RC 2WD 4 stars 4 stars 5 stars 4 stars
2020 Chevrolet Silverado 1500 PU/EC 4WD 4 stars 4 stars 5 stars 4 stars
2020 Chevrolet Silverado 1500 PU/EC 2WD 4 stars 4 stars 5 stars 4 stars
2020 Chevrolet Silverado 1500 PU/CC 4WD 4 stars 4 stars 5 stars 4 stars
2020 Chevrolet Silverado 1500 PU/CC 2WD 4 stars 4 stars 5 stars 4 stars
2019 Chevrolet Silverado 3500 PU/RC RWD N/R N/R N/R N/R
2019 Chevrolet Silverado 3500 PU/RC 4WD N/R N/R N/R N/R
2019 Chevrolet Silverado 3500 PU/CC RWD N/R N/R N/R N/R
2019 Chevrolet Silverado 3500 PU/CC 4WD N/R N/R N/R N/R
2019 Chevrolet Silverado 2500 PU/RC RWD 4 stars 3 stars 5 stars 3 stars
2019 Chevrolet Silverado 2500 PU/RC 4WD 4 stars 3 stars 5 stars 3 stars
2019 Chevrolet Silverado 2500 PU/EC RWD 4 stars 3 stars 5 stars 3 stars
2019 Chevrolet Silverado 2500 PU/EC 4WD 4 stars 3 stars 5 stars 3 stars
2019 Chevrolet Silverado 2500 PU/CC RWD 4 stars 4 stars 5 stars 3 stars
2019 Chevrolet Silverado 2500 PU/CC 4WD 4 stars 4 stars 5 stars 3 stars
2019 Chevrolet Silverado 1500 PU/RC RWD 4 stars 4 stars 5 stars 4 stars
2019 Chevrolet Silverado 1500 PU/RC 4WD 4 stars 4 stars 5 stars 4 stars
2019 Chevrolet Silverado 1500 PU/EC RWD 4 stars 4 stars 5 stars 4 stars
2019 Chevrolet Silverado 1500 PU/EC 4WD 4 stars 4 stars 5 stars 4 stars
2019 Chevrolet Silverado 1500 PU/CC RWD 4 stars 4 stars 5 stars 4 stars
2019 Chevrolet Silverado 1500 PU/CC 4WD 4 stars 4 stars 5 stars 4 stars
2019 Chevrolet Silverado 1500 LD PU/EC RWD 4 stars 4 stars 5 stars 4 stars
2019 Chevrolet Silverado 1500 LD PU/EC 4WD 4 stars 4 stars 5 stars 4 stars
2018 Chevrolet Silverado 3500 PU/RC RWD N/R N/R N/R N/R
2018 Chevrolet Silverado 3500 PU/RC 4WD N/R N/R N/R N/R
2018 Chevrolet Silverado 3500 PU/EC RWD N/R N/R N/R N/R
2018 Chevrolet Silverado 3500 PU/EC 4WD N/R N/R N/R N/R
2018 Chevrolet Silverado 3500 PU/CC RWD N/R N/R N/R N/R
2018 Chevrolet Silverado 3500 PU/CC 4WD N/R N/R N/R N/R
2018 Chevrolet Silverado 2500 PU/RC RWD 4 stars 4 stars 5 stars 3 stars
2018 Chevrolet Silverado 2500 PU/RC 4WD 4 stars 4 stars 5 stars 3 stars
2018 Chevrolet Silverado 2500 PU/EC RWD 4 stars 4 stars 5 stars 3 stars
2018 Chevrolet Silverado 2500 PU/EC 4WD 4 stars 4 stars 5 stars 3 stars
2018 Chevrolet Silverado 2500 PU/CC RWD 4 stars 4 stars 5 stars 3 stars
2018 Chevrolet Silverado 2500 PU/CC 4WD 4 stars 4 stars 5 stars 3 stars
2018 Chevrolet Silverado 1500 PU/RC RWD 5 stars 5 stars 5 stars 4 stars
2018 Chevrolet Silverado 1500 PU/RC 4WD 5 stars 5 stars 5 stars 4 stars
2018 Chevrolet Silverado 1500 PU/EC RWD 5 stars 5 stars 5 stars 4 stars
2018 Chevrolet Silverado 1500 PU/EC 4WD 5 stars 5 stars 5 stars 4 stars
2018 Chevrolet Silverado 1500 PU/CC RWD 5 stars 5 stars 5 stars 4 stars
2018 Chevrolet Silverado 1500 PU/CC 4WD 5 stars 5 stars 5 stars 4 stars
2018 Chevrolet Silverado 1500 Hybrid PU/CC RWD 5 stars 5 stars 5 stars 4 stars
2017 Chevrolet Silverado 3500 PU/RC RWD N/R N/R N/R N/R
2017 Chevrolet Silverado 3500 PU/RC 4WD N/R N/R N/R N/R
2017 Chevrolet Silverado 3500 PU/EC RWD N/R N/R N/R N/R
2017 Chevrolet Silverado 3500 PU/EC 4WD N/R N/R N/R N/R
2017 Chevrolet Silverado 3500 PU/CC RWD N/R N/R N/R N/R
2017 Chevrolet Silverado 3500 PU/CC 4WD N/R N/R N/R N/R
2017 Chevrolet Silverado 2500 PU/RC RWD 4 stars 4 stars 5 stars 3 stars
2017 Chevrolet Silverado 2500 PU/RC 4WD 4 stars 4 stars 5 stars 3 stars
2017 Chevrolet Silverado 2500 PU/EC RWD 4 stars 4 stars 5 stars 3 stars
2017 Chevrolet Silverado 2500 PU/EC 4WD 4 stars 4 stars 5 stars 3 stars
2017 Chevrolet Silverado 2500 PU/CC RWD N/R N/R 5 stars 3 stars
2017 Chevrolet Silverado 2500 PU/CC 4WD N/R N/R 5 stars 3 stars
2017 Chevrolet Silverado 1500 PU/RC RWD 5 stars 5 stars 5 stars 4 stars
2017 Chevrolet Silverado 1500 PU/RC 4WD 5 stars 5 stars 5 stars 4 stars
2017 Chevrolet Silverado 1500 PU/EC RWD 5 stars 5 stars 5 stars 4 stars
2017 Chevrolet Silverado 1500 PU/EC 4WD 5 stars 5 stars 5 stars 4 stars
1-5 Star Rating Scale, N/R = No Rating | Source: National Highway Traffic Safety Administration

Chevrolet Silverado Safety Features

The more safety features you have on your Chevrolet Silverado, the more likely it is that you can earn a discount. The Chevrolet Silverado’s safety features include:

  • Driver Air Bag
  • Passenger Air Bag
  • Front Head Air Bag
  • Rear Head Air Bag
  • Front Side Air Bag
  • 4-Wheel ABS
  • 4-Wheel Disc Brakes
  • Electronic Stability Control
  • Daytime Running Lights
  • Integrated Turn Signal Mirrors
  • Front Tow Hooks
  • Traction Control
  • Blind Spot Monitor
  • Cross-Traffic Alert

Chevrolet Silverado Insurance Loss Probability

Insurance loss probability on the Chevrolet Silverado fluctuates between each type of coverage. The lower percentage means lower Chevrolet Silverado car insurance rates; higher percentages mean higher Chevrolet Silverado auto insurance rates.

Insurance Coverage Category Loss Rate
Collision -24%
Property Damage 18%
Comprehensive -15%
Personal Injury -22%
Medical Payment -31%
Bodily Injury 25%
Source: Insurance Institute for Highway Safety

Chevrolet Silverado Finance and Insurance Cost

If you are financing a Chevrolet Silverado, most lenders will require your carry higher Chevrolet Silverado coverage options including comprehensive coverage, so be sure to shop around and compare Chevrolet Silverado car insurance rates from the best companies using our FREE tool below.

Enter your zip code below to view companies that have cheap auto insurance rates.

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Ways to Save on Chevrolet Silverado Insurance

There are many ways that you can save on Chevrolet Silverado car insurance to get the best value possible. Below are five scenarios you can explore to help keep your Chevrolet Silverado car insurance rates low.

  • Get Married and Ask for a Discount
  • Park Your Chevrolet Silverado Somewhere Safe – like a Garage or Private Driveway
  • Buy Winter Tires for Your Chevrolet Silverado
  • Ask About Chevrolet Silverado Discounts If You Were Listed on Someone Else’s Policy
  • Consider Ride Sharing Services to Lower Your Chevrolet Silverado Mileage

Top Chevrolet Silverado Insurance Companies

Who is the top auto insurance company for Chevrolet Silverado insurance rates? While the actual rates you pay will depend on many factors, here are some of the top companies offering Chevrolet Silverado auto insurance coverage (ordered by market share). Many of these companies offer discounts for security systems and other safety features that the Chevrolet Silverado offers.

Rank Company Volume Market Share
1 State Farm $65,615,190 9.3%
2 GEICO $46,106,971 6.6%
3 Progressive $39,222,879 5.6%
4 Liberty Mutual $35,600,051 5.1%
5 Allstate $35,025,903 5.0%
6 Travelers $28,016,966 4.0%
7 USAA $23,483,080 3.3%
8 Chubb $23,388,385 3.3%
9 Farmers $20,643,559 2.9%
10 Nationwide $18,442,145 2.6%
Source: Insurance Information Institute

Compare Free Chevrolet Silverado Insurance Quotes Online

To start comparing Chevrolet Silverado car insurance quotes for free, use our online car insurance comparison tool.

About Eric Stauffer

Author: Eric StaufferI am a former insurance agent and banker turned consumer advocate. My priority is to help educate individuals and families about the different types of insurance they need, and assist them in finding the best place to get it.

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