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Chevrolet Silverado 1500 Car Insurance

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Key Takeaways

  • A Chevrolet Silverado 1500 will cost $1644 per year to insure.
  • Progressive and USAA offer the cheapest insurance rates for Chevrolet Silverado 1500.
  • High Country Crew Cab 4WD trim is the most expensive Chevy Silverado to insure. This will cost $1798 on average annually.
  • Ohio has the cheapest annual rates, while Florida is the most expensive to insure a Chevy Silverado.

Chevrolet Silverado is a range of pickup trucks from Chevrolet. The Silverado lineup offers trucks ranging from light-duty pickups to heavy-duty work trucks. Since they are pickup trucks, the insurance rates can depend on several factors.

This popular pickup truck is priced between $34,600 and $45,000, though the older models might be priced less. Here, we look at the insurance cost for a Chevy Silverado 1500, the cheapest insurance companies for this pickup range, and the factors affecting the insurance cost.

Chevrolet Silverado 1500 Car Insurance Cost

A Chevrolet Silverado 1500’s average car insurance cost is $1644 per year. It costs $143 per month for full coverage. However, the model year and trim level greatly impact the insurance rates of this truck range. The older models are cheaper to insure than the latest models and their trim.

Is Chevrolet Silverado 1500 expensive to insure?

Comparing the insurance cost of the Chevrolet Silverado with the other major trucks in the market, we observe that the insurance rates for a Chevy Silverado are less when compared to trucks like Toyota Tundra, GMC Hummer, and Ram Truck. However, trucks like GMC Sierra and Ford F150 are cheaper to insure than this Chevy pickup.

Make/Model Average Annual Insurance Cost
GMC Hummer EV Pickup $1,946
Ram Truck $1,748
Toyota Tundra $1,646
Chevrolet Silverado $1,644
Nissan Titan $1,616
GMC Sierra $1,558
Ford F150 $1,484

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Does a used Chevrolet Silverado 1500 cost less to insure?

A used Silverado will fetch you a better insurance price than a brand-new model. In addition, if you are opting for a used older model of the Silverado 1500, it can bring significant savings. For example, insuring a 2016 Chevy Silverado 1500 can save you around $210 annually.

Chevrolet Silverado1500 Insurance Cost for 2013-2022 Used Models

Model Year Average Annual Rate
2022 Chevrolet Silverado $1644
2021 Chevrolet Silverado $1638
2020 Chevrolet Silverado $1612
2019 Chevrolet Silverado $1560
2018 Chevrolet Silverado $1510
2017 Chevrolet Silverado $1460
2016 Chevrolet Silverado $1440
2015 Chevrolet Silverado $1360
2014 Chevrolet Silverado $1278
2013 Chevrolet Silverado $1186

What impacts the cost of Chevrolet Silverado 1500 car insurance?

When calculating monthly insurance premiums, insurance firms evaluate various driving- and non-driving-related factors. Consequently, it differs from person to person and is based on the car's model and manufacturer. In this section, we look at the key factors influencing the overall car insurance for Chevy Silverado 1500.

Age of the Car

The car's age heavily influences the average annual insurance of your Chevrolet Silverado. A recent model can be a pricey affair during purchase, but the safety features can help regulate the otherwise high insurance rates. Even though the features might be limited, an older model of the Chevy Silverado will cost less to insure.

For example, insuring a 2013 Silverado rather than a brand-new 2022 model could result in annual insurance cost savings of $464 or more.

Age of the Driver

Since age can classify you as a high-risk or low-risk driver, car insurance rates highly depend on the driver's age. For example, due to inexperience, teenage drivers will pay $5183 annually on average, while an older driver pays in the range of $1400 and lesser.

Age Average Annual Premium
Teens $5183
20s $2588
30s $1473
40s $1243

Location of the Driver

Along with the car's value, the driver's location is a significant factor in setting insurance prices. This is because insurance companies base their price calculations on a location's accident and theft records. The Chevrolet Silverado1500, a popular pickup truck, will be subjected to this.

Observing different cities where the Chevy Silverado is popular, Los Angeles and Newyork have the highest insurance rates for a Chevrolet Silverado 1500.

City Average Annual Premium
Indianapolis $1652
San Jose $1940
Phoenix $1886
Chicago $1786
Philadelphia $2738
Jacksonville $2338
Houston $1746
New York $3098
Los Angeles $2720
Columbus $1238
Austin $1494
San Antonio $1576
Dallas $1754
San Deigo $1848

State-Wise Insurance Rates for Chevrolet Silverado 1500

Observing the state-wise insurance rates for Chevrolet Silverado 1500, Ohio is the cheapest rate to insure your Chevy costing $960 annually. However, with $2398 annually, Florida has the most expensive rates to insure a Chevrolet Silverado 1500.

State Annual Full Coverage Rate
Alabama $1346
Alaska $1,442
Arizona $1,464
Arkansas $1,758
California $1,880
Colorado $1,752
Connecticut $1,594
Delaware $1,670
Florida $2,398
Georgia $1,590
Hawaii $1,118
Idaho $1,298
Illinois $1,328
Indiana $1,230
Iowa $1,188
Kansas $1,652
Kentucky $1,910
Louisiana $2,378
Maine $1,140
Maryland $1,484
Massachusetts $1,346
Michigan $2,614
Minnesota $1,446
Mississippi $1,552
Missouri $1,744
Montana $1,604
Nebraska $1,570
Nevada $1,800
New Hampshire $994
New Jersey $1,552
New Mexico $1,316
New York $1,750
North Carolina $1,044
North Dakota $1,370
Ohio $960
Oklahoma $1,600
Oregon $1,378
Pennsylvania $1,382
Rhode Island $1,934
South Carolina $1,514
South Dakota $1,488
Tennessee $1,300
Texas $1,548
Utah $1,360
Vermont $1,094
Virginia $1,060
Washington, D.C. $1,250
West Virginia $1,476
Wisconsin $1,118
Wyoming $1,510

Driving Record

Your motor vehicle record decides the fate of your car insurance rates. Maintaining a clean driving record is essential to reducing your insurance premium rates. Speeding tickets, DUI charges, and other traffic violations can increase your sports car insurance.

Trim Level

The trim levels also influence the insurance rates of your Chevrolet Silverado 1500. Looking at the different trim levels of a 2022 Chevrolet Silverado, we observe that High Country Crew Cab 4WD is the most expensive to insure. This will cost $1798 annually, while the WT Regular Cab 4WD will cost $1450 annually.

Chevrolet Silverado 2022 Trim Level Annual Policy 6-month Policy Per Month
WT Regular Cab 4WD $1450 $728 $126
WT Double Cab 4WD $1508 $757 $131
WT Regular Cab 2WD $1520 $763 $132
Custom Double Cab 4WD $1572 $789 $137
WT Double Cab 2WD $1588 $797 $138
Custom Crew Cab 4WD $1618 $812 $140
LT Double Cab 4WD $1632 $819 $142
Trail Boss Custom Crew Cab $1646 $826 $143
RST Double Cab 4WD $1650 $828 $143
WT Crew Cab 2WD $1650 $828 $143
Custom Double Cab 2WD $1664 $828 $143
LT Crew Cab 4WD $1672 $839 $145
RST Crew Cab 4WD $1708 $857 $148
LT Double Cab 2WD $1736 $851 $150
Trail Boss LT Crew Cab 4WD $1740 $873 $151
LTZ Crew Cab 4WD $1750 $878 $151
LT Crew Cab 2WD $1778 $892 $154
High Country Crew Cab 4WD $1798 $902 $155

Insurance Company

There are nationally recognized insurance providers that offer insurance for you, Chevy. Among the insurance companies discussed below, Progressive and USAA offer the cheapest insurance rates for Chevrolet Silverado 1500.

Insurance Company Average Annual Insurance Rate
Nationwide $1378
USAA $1085
Allied $1528
State Farm $1245
All State $1461
Progressive $1147

Features of the Chevrolet Silverado

Your Chevy Silverado car insurance rates are influenced by each trim level's safety features and specifications. Here, we examine the factors that influence insurance quotes. These unique characteristics not only guarantee safety but also lower insurance costs. The following are the most important safety features of the Chevrolet Silverado 1500.

Safety Features and Safety Ratings

According to the Insurance Institute for Highway Safety data, the different test types carried out have shown good ratings for a Chevrolet Silverado 1500. The model tested here for crashworthiness is a 2022 Chevrolet Silverado.

Test Type Rating
Small overlap front: driver-side Good
Small overlap front: passenger-side Moderate
Moderate overlap front Good
Side Good
Roof strength Good
Head restraints and seats Good

Moreover, the numerous safety features of a Silverado not only ensure safety but also ensure a lower insurance rating. These are the salient safety features hosted on a Silverado.

  • Increased Duramax towing capacity
  • Standard Chevy Safety Assist
  • Up to eight available cameras with 14 unique views
  • Hitch guidance with hitch view
  • Hitch area lighting
  • Trailer theft alert
  • Trailering app
  • Jack-knife alert
  • Lane change alert with side blind zone alert
  • Rear cross-traffic braking rear park assist
  • Front and rear park assist
  • Rear pedestrian alert
  • Rear camera mirror
  • Head-up display
  • Google built-in
  • Wireless device charging
  • HD surround vision
  • Chevy Safety Assist

Ways to Save on Chevrolet Silverado Car Insurance

Several hacks can be used to save on your Chevrolet Silverado insurance. First, shopping around for insurance quotes with different providers can give you a head start on getting the affordable option for you. This is one of the many methods that will help you reduce the insurance premium rates.

Compare and Purchase

Thorough online research can help you choose the best insurance provider that suits your needs. Since providers take into account different criteria for

Look for Discounts

Always look for discounts when you are purchasing insurance. Most providers give multipolicy, telematics, good driver, and bundling discounts. It can make a huge difference in the premium rates. Different providers also offer pay-in-full discounts.

Make Use of Student Discounts

Teen drivers might be on the higher end of insurance rates, but you can always utilize good student discounts and combine your plans to minimize the cost of your auto insurance premiums. In addition, you can link your policy with your parents, which would bring about a sizeable reduction in the monthly premiums.

Increase your Deductible

Higher deductibles reduce accident claims and auto insurance prices. But you must compare deductibles to see if a lower deductible saves money, then choose one that fits your budget and needs.

Improve your Credit Score

If you are looking for an affordable quote for your Chevrolet Silverado 1500, then better rates can be obtained by improving and maintaining your credit score. Low credit scores cost at least $240 more in insurance in those states that use them to calculate insurance prices.

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Bottom Line

  • Apply for free insurance quotes from as many companies as you can! You can either apply individually of use an insurance platform like Way.com.
  • Compare, compare, compare – that should be your mantra when searching for the best policy.
  • In only a few minutes, an insurance aggregator like Way.com can help you find the lowest insurance rates you've qualified for with your financial position.
  • The cheapest rates don’t always mean the best! You can always consider spending a bit more to get comprehensive coverage.

How to get Chevrolet Silverado1500 Car Insurance with Way.com

It is advisable to gather as much information as possible before settling on an insurance provider. Doing your research by analyzing the quotes for your Chevy Silverado after obtaining them online will reward you with better coverage at a lower price.

Way.com gives you a head start by researching the finest vehicle insurance providers in the country based on variables that will influence the experience, financial strength, customer service, protection, and pricing of your insurance coverage.

Auto Insurance Data Methodology

The auto insurance rates published in this guide are based on the results of research completed by Way.com’s data team. Using a mix of public and internal data, we analyzed millions of rate averages across U.S. ZIP codes.

Quotes are typically based on a full coverage policy average unless otherwise noted within the content.

These rates were publicly sourced from insurer filings and should be used for comparative purposes only — your own quotes will differ. Given this, it’s important to go through our insurance steps form to find how much you can save with way.com

Frequently Asked Questions

How much can a Silverado 1500 tow?

Chevy Silverado 1500 comes with a V8 maximum tow rating of 12,500 pounds. It also offers 2,250 pounds maximum payload and up to 420 hp and 460 lb-ft of torque. In addition, Hill start assist, max trailering package, and the tow haul mode is exclusive towing features of the Chevy Silverado.

How many miles can a Chevy Silverado 1500 last?

Proper care, including regular oil and filter changes, can extend the life of a Chevy Silverado beyond 20,000 miles.

How much does it cost to insure Chevy Silverado?

The average annual vehicle insurance cost for a Chevrolet Silverado 1500 is $1644.It costs $143 per month for full coverage.

How much does a Silverado 1500 hybrid car insurance cost?

The average auto insurance of a Chevrolet Silverado 1500 hybrid is $1704 per year.

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