Chevrolet Silverado Insurance Cost Estimate

If you want to buy Chevrolet Silverado auto insurance coverage online then a policy will cost $124 per month ($1,484 per year) on average. Comprehensive, collision, and liability insurance cost around $361, $528, and $419, respectively.

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UPDATED: Jul 28, 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 average $1,484 a year or $124 a month for full coverage. 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.

Good drivers can save up to $612 a year in policy discounts by practicing safe driving habits. 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.

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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, Toyota Tundra, and Honda Ridgeline.

VehicleComprehensiveCollisionLiabilityTotal
Chevrolet Silverado$322$562$420$1,484
Chevrolet Colorado$254$438$372$1,222
Toyota Tundra$320$512$440$1,452
Honda Ridgeline$306$536$450$1,472
Toyota Tacoma$294$482$390$1,324
GMC Canyon$270$478$398$1,304
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 will affect the total price you will pay for Chevrolet Silverado insurance coverage.

Age of the Vehicle

Older Chevrolet Silverado models generally cost less to insure. For example, auto insurance for a 2020 Chevrolet Silverado costs $1,484, while 2010 Chevrolet Silverado insurance costs are $1,238, a difference of $246.

Model YearComprehensiveCollisionLiabilityTotal
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 impact on Chevrolet Silverado auto insurance rates. For example, 20-year-old drivers pay approximately $1,815 more each year for their Chevrolet Silverado auto insurance than 30-year-old drivers.

Driver Location

Where you live can have a large impact on Chevrolet Silverado insurance rates. For example, drivers in Phoenix may pay $817 a year less than drivers in Los Angeles.

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

Your Chevrolet Silverado auto insurance rates are influenced by the Chevrolet Silverado’s safety ratings. See the breakdown below:

Test TypeRating
Small overlap front: driver-sideGood
Small overlap front: passenger-sideMarginal
Moderate overlap frontGood
SideGood
Roof strengthGood
Head restraints and seatsGood
Source: Insurance Institute for Highway Safety

Chevrolet Silverado Crash Test Ratings

Not only do good Chevrolet Silverado crash test ratings mean you are better protected in a crash, but good crash ratings also mean cheaper Chevrolet Silverado auto insurance rates.

Vehicle TestedOverallFrontalSideRollover
2020 Chevrolet Silverado 2500 PU/RC 4WDN/RN/RN/RN/R
2020 Chevrolet Silverado 2500 PU/RC 2WDN/RN/RN/RN/R
2020 Chevrolet Silverado 2500 PU/EC 4WDN/RN/RN/RN/R
2020 Chevrolet Silverado 2500 PU/EC 2WDN/RN/RN/RN/R
2020 Chevrolet Silverado 2500 PU/CC 4WDN/RN/RN/RN/R
2020 Chevrolet Silverado 2500 PU/CC 2WDN/RN/RN/RN/R
2020 Chevrolet Silverado 1500 PU/RC 4WD4 stars4 stars5 stars4 stars
2020 Chevrolet Silverado 1500 PU/RC 2WD4 stars4 stars5 stars4 stars
2020 Chevrolet Silverado 1500 PU/EC 4WD4 stars4 stars5 stars4 stars
2020 Chevrolet Silverado 1500 PU/EC 2WD4 stars4 stars5 stars4 stars
2020 Chevrolet Silverado 1500 PU/CC 4WD4 stars4 stars5 stars4 stars
2020 Chevrolet Silverado 1500 PU/CC 2WD4 stars4 stars5 stars4 stars
2019 Chevrolet Silverado 3500 PU/RC RWDN/RN/RN/RN/R
2019 Chevrolet Silverado 3500 PU/RC 4WDN/RN/RN/RN/R
2019 Chevrolet Silverado 3500 PU/CC RWDN/RN/RN/RN/R
2019 Chevrolet Silverado 3500 PU/CC 4WDN/RN/RN/RN/R
2019 Chevrolet Silverado 2500 PU/RC RWD4 stars3 stars5 stars3 stars
2019 Chevrolet Silverado 2500 PU/RC 4WD4 stars3 stars5 stars3 stars
2019 Chevrolet Silverado 2500 PU/EC RWD4 stars3 stars5 stars3 stars
2019 Chevrolet Silverado 2500 PU/EC 4WD4 stars3 stars5 stars3 stars
2019 Chevrolet Silverado 2500 PU/CC RWD4 stars4 stars5 stars3 stars
2019 Chevrolet Silverado 2500 PU/CC 4WD4 stars4 stars5 stars3 stars
2019 Chevrolet Silverado 1500 PU/RC RWD4 stars4 stars5 stars4 stars
2019 Chevrolet Silverado 1500 PU/RC 4WD4 stars4 stars5 stars4 stars
2019 Chevrolet Silverado 1500 PU/EC RWD4 stars4 stars5 stars4 stars
2019 Chevrolet Silverado 1500 PU/EC 4WD4 stars4 stars5 stars4 stars
2019 Chevrolet Silverado 1500 PU/CC RWD4 stars4 stars5 stars4 stars
2019 Chevrolet Silverado 1500 PU/CC 4WD4 stars4 stars5 stars4 stars
2019 Chevrolet Silverado 1500 LD PU/EC RWD4 stars4 stars5 stars4 stars
2019 Chevrolet Silverado 1500 LD PU/EC 4WD4 stars4 stars5 stars4 stars
2018 Chevrolet Silverado 3500 PU/RC RWDN/RN/RN/RN/R
2018 Chevrolet Silverado 3500 PU/RC 4WDN/RN/RN/RN/R
2018 Chevrolet Silverado 3500 PU/EC RWDN/RN/RN/RN/R
2018 Chevrolet Silverado 3500 PU/EC 4WDN/RN/RN/RN/R
2018 Chevrolet Silverado 3500 PU/CC RWDN/RN/RN/RN/R
2018 Chevrolet Silverado 3500 PU/CC 4WDN/RN/RN/RN/R
2018 Chevrolet Silverado 2500 PU/RC RWD4 stars4 stars5 stars3 stars
2018 Chevrolet Silverado 2500 PU/RC 4WD4 stars4 stars5 stars3 stars
2018 Chevrolet Silverado 2500 PU/EC RWD4 stars4 stars5 stars3 stars
2018 Chevrolet Silverado 2500 PU/EC 4WD4 stars4 stars5 stars3 stars
2018 Chevrolet Silverado 2500 PU/CC RWD4 stars4 stars5 stars3 stars
2018 Chevrolet Silverado 2500 PU/CC 4WD4 stars4 stars5 stars3 stars
2018 Chevrolet Silverado 1500 PU/RC RWD5 stars5 stars5 stars4 stars
2018 Chevrolet Silverado 1500 PU/RC 4WD5 stars5 stars5 stars4 stars
2018 Chevrolet Silverado 1500 PU/EC RWD5 stars5 stars5 stars4 stars
2018 Chevrolet Silverado 1500 PU/EC 4WD5 stars5 stars5 stars4 stars
2018 Chevrolet Silverado 1500 PU/CC RWD5 stars5 stars5 stars4 stars
2018 Chevrolet Silverado 1500 PU/CC 4WD5 stars5 stars5 stars4 stars
2018 Chevrolet Silverado 1500 Hybrid PU/CC RWD5 stars5 stars5 stars4 stars
2017 Chevrolet Silverado 3500 PU/RC RWDN/RN/RN/RN/R
2017 Chevrolet Silverado 3500 PU/RC 4WDN/RN/RN/RN/R
2017 Chevrolet Silverado 3500 PU/EC RWDN/RN/RN/RN/R
2017 Chevrolet Silverado 3500 PU/EC 4WDN/RN/RN/RN/R
2017 Chevrolet Silverado 3500 PU/CC RWDN/RN/RN/RN/R
2017 Chevrolet Silverado 3500 PU/CC 4WDN/RN/RN/RN/R
2017 Chevrolet Silverado 2500 PU/RC RWD4 stars4 stars5 stars3 stars
2017 Chevrolet Silverado 2500 PU/RC 4WD4 stars4 stars5 stars3 stars
2017 Chevrolet Silverado 2500 PU/EC RWD4 stars4 stars5 stars3 stars
2017 Chevrolet Silverado 2500 PU/EC 4WD4 stars4 stars5 stars3 stars
2017 Chevrolet Silverado 2500 PU/CC RWDN/RN/R5 stars3 stars
2017 Chevrolet Silverado 2500 PU/CC 4WDN/RN/R5 stars3 stars
2017 Chevrolet Silverado 1500 PU/RC RWD5 stars5 stars5 stars4 stars
2017 Chevrolet Silverado 1500 PU/RC 4WD5 stars5 stars5 stars4 stars
2017 Chevrolet Silverado 1500 PU/EC RWD5 stars5 stars5 stars4 stars
2017 Chevrolet Silverado 1500 PU/EC 4WD5 stars5 stars5 stars4 stars
1-5 Star Rating Scale, N/R = No Rating | Source: National Highway Traffic Safety Administration

Chevrolet Silverado Safety Features

The safety features of the Chevrolet Silverado can impact your Chevrolet Silverado car insurance rates. The Chevrolet Silverado has the following safety features:

  • 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

The Chevrolet Silverado’s insurance loss probability varies between different coverage types. The lower percentage means lower Chevrolet Silverado auto insurance costs; higher percentages mean higher Chevrolet Silverado auto insurance costs.

Insurance Coverage CategoryLoss Rate
Collision-24%
Property Damage18%
Comprehensive-15%
Personal Injury-22%
Medical Payment-31%
Bodily Injury25%
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.

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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

Save more on your Chevrolet Silverado car insurance rates. Take a look at the following five strategies that will get you the best Chevrolet Silverado auto insurance rates possible.

  • Spy on Your Teen Driver
  • Ask About Discounts for People with Disabilities
  • Buy a Dashcam for Your Chevrolet Silverado
  • Compare Insurance Companies After Moving
  • Take a Defensive Driving Course or Any Driver’s Education Course

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.

RankCompanyVolumeMarket Share
1State Farm$65,615,1909.3%
2GEICO$46,106,9716.6%
3Progressive$39,222,8795.6%
4Liberty Mutual$35,600,0515.1%
5Allstate$35,025,9035.0%
6Travelers$28,016,9664.0%
7USAA$23,483,0803.3%
8Chubb$23,388,3853.3%
9Farmers$20,643,5592.9%
10Nationwide$18,442,1452.6%
Source: Insurance Information Institute

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