Chevrolet Silverado Insurance Quotes [Comprehensive Guide]

Chevrolet Silverado insurance quotes average at $124 a month, but your age and driving record will influence what you pay for Chevrolet Silverado insurance coverage. Follow this guide where we compare Chevrolet Silverado insurance rates by age and location to guarantee that you're paying the right price for your Chevrolet Silverado insurance policy.

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Rachel Bodine graduated from college with a BA in English. She has since worked as a Feature Writer in the insurance industry and gained a deep knowledge of state and countrywide insurance laws and rates. Her research and writing focus on helping readers understand their insurance coverage and how to find savings. Her expert advice on insurance has been featured on sites like PhotoEnforced, All...

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Leslie Kasperowicz holds a BA in Social Sciences from the University of Winnipeg. She spent several years as a Farmers Insurance CSR, gaining a solid understanding of insurance products including home, life, auto, and commercial and working directly with insurance customers to understand their needs. She has since used that knowledge in her more than ten years as a writer, largely in the insurance...

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Reviewed by Leslie Kasperowicz
Farmers CSR for 4 Years

UPDATED: Oct 30, 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 slightly less per year than the average vehicle with full coverage costing around $1,484 a year or $124 a month. The highest rates are for teens who will pay around $5,424 a year or $452 a month as they’re considered to be high-risk for auto insurers.

Good drivers are eligible for up to $612 a year in policy discounts by remaining safe and courteous while driving. Let’s jump right in and 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 auto insurance costs 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 Dodge Ram, Chevrolet Silverado 2500HD, and Chevrolet Colorado.

Vehicle Comprehensive Collision Liability Total
Chevrolet Silverado $322 $562 $420 $1,484
Dodge Ram $362 $562 $420 $1,524
Chevrolet Silverado 2500HD $362 $688 $420 $1,650
Chevrolet Colorado $254 $438 $372 $1,222
Chevrolet Silverado 3500HD $404 $656 $420 $1,660
GMC Canyon $270 $478 $398 $1,304
GMC Sierra 2500HD $336 $656 $420 $1,592
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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 car insurance coverage.

Age of the Vehicle

The average Chevrolet Silverado car insurance rates are higher for newer models. For example, car insurance rates for a 2020 Chevrolet Silverado are $1,484, while 2010 Chevrolet Silverado rates 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
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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 your Chevrolet Silverado auto insurance rates. 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 car insurance rates are tied to the safety ratings of the Chevrolet Silverado. See the breakdown 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
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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
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Chevrolet Silverado Safety Features

The numerous safety features of the Chevrolet Silverado help contribute to lower insurance rates. The 2020 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 lower percentage means lower Chevrolet Silverado car insurance rates; higher percentages mean higher Chevrolet Silverado auto insurance rates. Insurance loss probability on the Chevrolet Silverado fluctuates between each type of coverage.

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
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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 auto insurance quotes from the best auto insurance companies using our FREE tool below.

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Ways to Save on Chevrolet Silverado Insurance

There are several ways you can save even more on your Chevrolet Silverado car insurance rates. Take a look at the following five tips:

  • Take a Refresher Course as an Older Driver
  • Tell Your Insurer How You Use Your Chevrolet Silverado
  • Ask About Farm and Ranch Vehicle Discounts
  • Tell Your Insurer About Different Drivers or Uses for Your Chevrolet Silverado
  • Choose Automatic Payments or EFT for Your Chevrolet Silverado Insurance Policy

Top Chevrolet Silverado Insurance Companies

The best auto insurance companies for Chevrolet Silverado car insurance rates will offer competitive rates, discounts, and account for the Chevrolet Silverado’s safety features. The following list of car insurance companies outlines which companies hold the highest market share.

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
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Compare Free Chevrolet Silverado Insurance Quotes Online

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

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