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.
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.
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 |
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.
| 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 |
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.
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.
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 |
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 |
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 |
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.
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 |
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 |
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.
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.
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.
Thorough online research can help you choose the best insurance provider that suits your needs. Since providers take into account different criteria for
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.
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.
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.
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.
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.
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
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.
Proper care, including regular oil and filter changes, can extend the life of a Chevy Silverado beyond 20,000 miles.
The average annual vehicle insurance cost for a Chevrolet Silverado 1500 is $1644.It costs $143 per month for full coverage.
The average auto insurance of a Chevrolet Silverado 1500 hybrid is $1704 per year.
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