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Jamie Johnson is a Kansas City-based personal finance writer who’s been writing for Compare.com since 2023. Her work has also been featured on several of the top finance and business sites in the country, including Insider, Credit Karma, Bankrate, Rocket Mortgage, Fox Business, Quicken Loans, and The Balance.
For the past seven years, she’s dedicated more than 10,000 hours of research and writing to more than 2,000 articles about personal finance topics.
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Lequita Westbrooks is an insurance editor at Compare.com. Her writing and editing experiences span several industries, including insurance, personal finance, higher education, and more. She excels at explaining complex topics like auto insurance in simple, easy-to-understand language and is passionate about helping readers save money. Lequita graduated from the University of South Florida, where she earned her Bachelor’s degree in English.
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While we make money through partnerships with some of the brands we discuss in our articles, our editorial team operates 100% independently, and these partners never influence or affect the topics, reviews, ratings, or recommendations we provide. We never guarantee favorable reviews or mentions in exchange for compensation from any brands or partners, and we uphold strict editorial standards to ensure our content is always independent, truthful, and unbiased.
The Chevrolet Silverado 1500 is one of the bestselling pickup trucks in the U.S., ranking second only to the Ford F-150.[1] Many people like the truck’s versatility and wide range of trim options.
Plus, the average insurance costs for a Chevrolet Silverado are pretty reasonable. Drivers pay an average of $143 per month for coverage, according to Compare.com data. But factors like average theft rates, repair costs, and trim levels can influence your premiums.[2]
Comparing the best insurers for the Chevrolet Silverado 1500 can help you find low premiums without sacrificing coverage. This article explores the best car insurance companies for your Silverado.
Chevrolet Silverados come with an average monthly car insurance rate of $143.
Novo offers the cheapest car insurance for the Chevy Silverado 1500, at an average monthly premium of just $54.
GEICO, Mile Auto, and Root are the three of the best car insurance companies for Chevrolet Silverados.
The average cost to insure a Chevrolet Silverado 1500 will vary depending on the type of insurance policy you choose. Liability insurance includes bodily injury liability coverage and property damage liability coverage.
If you cause an accident, your property damage liability coverage pays for the damages you cause to other driver’s property. Bodily injury liability coverage pays for the other driver’s injuries.
Full-coverage car insurance includes liability coverage as well as comprehensive and collision insurance. Comprehensive coverage pays for non-collision-related incidents like theft, vandalism, or damages from a natural disaster. Collision insurance covers damages to your car from an accident with another car or object.
The following table shows the average monthly rates for liability coverage and full-coverage policies and how each compares to the national average for all vehicles, according to Compare.com data.
Vehicle  | Average Monthly Premium: Liability | Average Monthly Premium: Full Coverage | Average Monthly Premium: All Policies |
|---|---|---|---|
| Chevrolet Silverado 1500 | $101 | $186 | $143 |
| All vehicles | $107 | $197 | $152 |
Silverado 1500 drivers pay an average monthly rate of $101 for liability coverage and $186 for full coverage. But the exact car insurance rates you receive will vary based on different factors, which we’ll cover in more detail later.
Even though the average insurance rate for a Chevrolet Silverado 1500 is $143 per month, you can find additional ways to save. Car insurance companies weigh different factors when evaluating you, which is why some insurers offer cheaper rates for Chevrolet Silverado drivers.
The car insurance companies featured in the table below offer the most competitive rates for Silverado 1500s, according to Compare.com data.
Company | Average Monthly Premium |
|---|---|
| Novo | $54 |
| Mile Auto | $66 |
| Certainly | $73 |
| Root | $83 |
| Just Insure | $85 |
Novo is the cheapest option for Silverado drivers, with an average monthly rate of $54. While these companies are the cheapest on average, it doesn’t mean they’ll be the cheapest option for you.
It’s important to compare insurance quotes from several companies when shopping around. Next, we’ll highlight a few of the best insurance companies for Silverado drivers.
Compare quotes from America’s cheapest insurers.
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When it comes to car insurance, what works for one person may not work for another. Every driver has different priorities, so there’s no single best insurance company for all Chevy Silverado drivers.
To help you find the best auto coverage for your situation, we’ve highlighted the top three insurers for different types of drivers. We chose the following companies based on average rates for Silverado 1500s, available discounts, customer reviews, and coverage options.
Average premium: $168 per month
Compare.com Rating: 4.65 out of 5
Many discounts available
Easy online quoting process
AM Best financial strength rating of A++ (Superior)[3]
Not the cheapest option
Gap insurance not available
Rideshare insurance not available
GEICO doesn’t offer the cheapest insurance rates compared to the other companies on our list, but it’s the best option if you want to maximize your savings with car insurance discounts.
The company offers a long list of discounts, including multi-policy, defensive driving, and certain vehicle safety features. GEICO also gives discounts based on affiliation with certain organizations, like the federal government and the military.
Average premium: $66 per month
Compare.com Rating: 2.98 out of 5
Competitive rates
No required tracking device
Straightforward pricing model
Not the best choice for high-mileage drivers
Not available nationwide
Fewer coverage options than other insurers
Silverado owners who drive fewer than 10,000 miles per year could save up to 40% by switching to Mile Auto. The company is a pay-per-mile insurance company, so your mileage determines your car insurance premium.
Unlike other telematics programs, Mile Auto doesn’t require you to install a tracking device in your vehicle. Instead, you’ll send the company a picture of your odometer once a month, making it a good option for drivers who value their privacy.
Average premium: $83 per month
Compare.com Rating: 3.43 out of 5
Low rates for safe drivers
Highly rated mobile app
Doesn’t rely heavily on traditional demographics
Poor choice for high-risk drivers
App tracking required
Not available nationwide
We chose Root as the best car insurance option for safe drivers because you can reduce your monthly premiums with good driving habits. The company’s mobile app will track your driving habits and look for things like hard braking, phone usage, and speeding. Root focuses more on your driving habits and less on traditional metrics like your occupation, age, and credit history.
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Your car’s age determines its value, mileage, and features, so it has a direct effect on your car insurance premiums. In general, the more your car is worth, the more it will cost to insure, so new vehicles tend to be more expensive to insure than older models.
But you may qualify for a discount if your Silverado has highly rated safety features. The following table looks at different Silverado model years and shows the average cost for each, according to Compare.com data.
Silverado 1500 Model Year | Average Monthly Premium | Cheapest Insurer | Cheapest Insurer’s Average Monthly Premium |
|---|---|---|---|
| 2024 | $174 | Mile Auto | $87 |
| 2023 | $173 | Certainly | $75 |
| 2022 | $171 | Mile Auto | $76 |
| 2021 | $169 | Certainly | $74 |
| 2020 | $168 | Mile Auto | $84 |
| 2019 | $161 | Mile Auto | $79 |
| 2018 | $160 | Root | $80 |
| 2017 | $154 | Mile Auto | $71 |
| 2016 | $149 | Mile Auto | $69 |
| 2015 | $148 | Mile Auto | $70 |
The model year isn’t the only factor influencing your car insurance costs — your state and ZIP code also play a big role.
Car insurance costs can vary significantly by state. Drivers living in areas with high theft rates or a large number of natural disasters will pay more for auto insurance. Population density also plays a role, as densely populated areas are more likely to have car accidents.
For example, New York is one of the most densely populated areas, with almost 28,000 people per square mile.[4] It’s also the most expensive state for car insurance.
Let’s look at the average cost for Silverado drivers by state, according to data from Compare.com.
State | Average Monthly Premium |
|---|---|
| Alabama | $94 |
| Arizona | $126 |
| Arkansas | $181 |
| California | $182 |
| Colorado | $148 |
| Connecticut | $287 |
| Delaware | $175 |
| Florida | $185 |
| Georgia | $187 |
| Idaho | $95 |
| Illinois | $118 |
| Indiana | $102 |
| Iowa | $86 |
| Kansas | $116 |
| Kentucky | $185 |
| Louisiana | $171 |
| Maine | $112 |
| Maryland | $260 |
| Massachusetts | $142 |
| Michigan | $221 |
| Minnesota | $142 |
| Mississippi | $142 |
| Missouri | $138 |
| Montana | $115 |
| Nebraska | $133 |
| Nevada | $225 |
| New Hampshire | $87 |
| New Jersey | $150 |
| New Mexico | $109 |
| New York | $364 |
| North Carolina | $71 |
| North Dakota | $109 |
| Ohio | $96 |
| Oklahoma | $122 |
| Oregon | $122 |
| Pennsylvania | $123 |
| Rhode Island | $108 |
| South Carolina | $207 |
| South Dakota | $91 |
| Tennessee | $106 |
| Texas | $168 |
| Utah | $138 |
| Vermont | $103 |
| Virginia | $137 |
| Washington | $106 |
| Washington, D.C. | $215 |
| West Virginia | $109 |
| Wisconsin | $96 |
| Wyoming | $91 |
Location plays an important role in your car insurance premiums, but it’s not the only factor insurers look at. Your age also helps determine your auto insurance costs.
Age is one of the biggest factors determining car insurance rates because there’s a direct correlation between driving experience and car accidents.
Teen drivers pay the highest car insurance premiums because their fatal crash rate is nearly three times as high as drivers older than 20.[5] But as you gain more driving experience, your rates continue to decline.
Let’s take a look at the monthly average premiums per age group and which insurance company is the cheapest for each age group, according to data from Compare.com.
Age Group | Average Monthly Premium | Cheapest Insurer | Cheapest Insurer’s Average Monthly Premium |
|---|---|---|---|
| Teens | $269 | Novo | $102 |
| 20s | $185 | Novo | $70 |
| 30s | $143 | Novo | $54 |
| 40s | $131 | Novo | $50 |
| 50s | $118 | Novo | $45 |
| 60s | $110 | Novo | $42 |
| 70s | $119 | Novo | $45 |
Teen drivers pay an average monthly rate of $269, but this drops substantially once you reach age 20. Your premiums continue to decrease each year and increase again at 70.
Your driving history also has a significant effect on your car insurance rates. Getting into driving-related incidents puts you at a higher risk for your insurance company.
For example, speeding contributed to 29% of all motor-vehicle-related deaths in 2022.[6] So just one speeding ticket can cause your insurance rates to increase.
The following table shows the average monthly rate for different driving histories and the cheapest insurer for each group, according to Compare.com data.
Driving Record | Average Monthly Premium | Cheapest Insurer | Cheapest Insurer’s Average Monthly Premium |
|---|---|---|---|
| Clean record | $143 | Novo | $54 |
| Speeding ticket | $199 | Novo | $75 |
| At-fault accident | $207 | Novo | $79 |
| DUI | $236 | Novo | $89 |
The better your driving record, the lower your car insurance rates. Drivers with a clean record paid the lowest average rate — $93 less per month than drivers with a DUI. Still, we found Novo to be the cheapest car insurance company for every driving record.
Let’s see how different features can affect your auto insurance rates.
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The features included in your Chevrolet Silverado can indirectly raise or lower your car insurance rates. That’s because these features affect your truck’s repair costs, safety, and theft risk. Certain trim levels and performance packages increase the value of your car and are more expensive to repair or replace, resulting in higher insurance costs.[7]
For instance, a base-model Silverado may have lower premiums. But opting for a higher-end trim like the Silverado High Country could increase your insurance costs because it has more luxury features.[8]
The Chevrolet Silverado is also one of the most commonly stolen vehicles and, at one time, accounted for more than 49,000 annual thefts.[9] So including certain safety features, like emergency braking and adaptive cruise control, could help you earn a discount.
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Here are some money-saving strategies Chevrolet Silverado drivers can use to find cheap car insurance:
Choose a model with safety features. Since the Silverado has a history of theft, choosing a model with safety features like anti-theft devices could help lower your insurance costs. Just make sure to mention these features to your insurer when you get a quote.
Take advantage of discounts. Most insurers offer discounts to help you lower your costs. For example, you could earn a discount for being a homeowner, insuring multiple vehicles, and maintaining a low annual mileage.
Choose a higher deductible. The higher your deductible, the lower your insurance costs will be. Increasing your deductible from $200 to $500 could lower your insurance costs by up to 30%, according to the Insurance Information Institute. Just make sure you can afford the extra expense if you have to file a claim.
Improve your credit. Our data shows that drivers with good credit tend to pay less for car insurance. Improving your credit can help you save money.
Compare quotes. It’s important to get quotes from multiple insurance companies and compare the coverages and rates each one offers. Using an online comparison site can make this process easier.
Compare personalized quotes from dozens of the nation’s top insurers.
Here are answers to common questions drivers have about the Chevrolet Silverado 1500.
No. Chevrolet Silverados have an average monthly premium of $143, which is slightly lower than the average of $152 for all other vehicles, according to our data. But if you regularly take your Silverado off-roading, you may want to purchase additional coverage.
It depends. Pickup trucks can have higher insurance rates — especially if they have more powerful engines and advanced features. Comparing costs from multiple insurance companies will help you find the best rates and coverage for your situation.
Our research found that the average car insurance premium for a Chevy Silverado or GMC Sierra is $143 per month. On the other hand, insuring a Ford F-150 costs an average of $135 per month, and a Ram 1500 runs around $160. But keep in mind that the average cost of insuring a truck depends on many factors, including the type, model year, trim level, where you live, and the car insurance company you choose.
Whether you need special insurance for trucks depends on how you use them. If you primarily use your truck for work, you’ll need a business auto policy since your personal auto insurance won’t cover business use.[10]
If you’re a rideshare driver, you’ll need to purchase a rideshare endorsement, which is an add-on policy to your existing insurance coverage. It’s a good idea to speak to your insurance agent to see what kind of special policies you might need for your unique situation.
Data scientists at Compare.com analyzed more than 50 million real-time auto insurance quotes from more than 75 partner insurers in order to compile the rates and statistics seen in this article. Compare.com’s auto insurance data includes coverage analysis and details on drivers’ vehicles, driving records, insurance histories, and demographic information.
All the rates listed in this article have been collected from a combination of real Compare.com quotes and external insurance rate data gathered in collaboration with Quadrant Information Services. Compare.com uses these observations to provide readers with insights into how auto insurance companies determine their premiums.
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Compare.com's #1 goal is to save you money. We publish resources that are based on hard-hitting data and years of industry experience to help you make more informed decisions with your wallet.
Learn more about us, our team, and what makes us tick.
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Jamie Johnson is a Kansas City-based personal finance writer who’s been writing for Compare.com since 2023. Her work has also been featured on several of the top finance and business sites in the country, including Insider, Credit Karma, Bankrate, Rocket Mortgage, Fox Business, Quicken Loans, and The Balance.
For the past seven years, she’s dedicated more than 10,000 hours of research and writing to more than 2,000 articles about personal finance topics.
Lequita Westbrooks is an insurance editor at Compare.com. Her writing and editing experiences span several industries, including insurance, personal finance, higher education, and more. She excels at explaining complex topics like auto insurance in simple, easy-to-understand language and is passionate about helping readers save money. Lequita graduated from the University of South Florida, where she earned her Bachelor’s degree in English.
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