Chevrolet Silverado Car Insurance: How Much Should You Expect to Pay?

Quick Facts

• A Chevrolet Silverado costs about the same to insure as the average truck.

• Full coverage insurance for a Silverado averages around $153 per month, on average, while liability only insurance generally runs about $71.

• Hugo provides the cheapest average premiums for a Silverado with liability only coverage offered for sometimes as cheap as $28 a month.

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Silverado Overview

The Chevrolet Silverado is a great car for drivers on a budget, with new 2021 models starting at $28,600. You'll have your choice of 30 different trim levels, so you'll drive off the dealership lot in style.

We crunched the numbers on thousands of auto insurance quotes on Compare.com, and we've determined that average Chevrolet Silverado car insurance premiums run around $164 per month. How do insurance rates for the Silverado compare to prices of other similar trucks?

How Much is Car Insurance for a Chevrolet Silverado?

Looking at the table above, you'll find that when you compare the Chevrolet Silverado to other vehicles, insurance premiums are right about average. Silverado owners typically pay around $153 a month for full coverage, which has comprehensive and collision coverages in addition to liability, and about $71 monthly for liability only insurance (our guide, "State Minimum vs. Full Coverage", can give you more information on the difference between these types of insurance).

When compared to other models, the Silverado is slightly more affordable, with rates about 7% lower than the other vehicle types offered by Chevrolet. But compared to other vehicles of a similar body style, Silverado coverage is above average, with both full coverage and liability only insurance averaging more expensive prices than other trucks.

Compared to all vehicles of any body type, the Silverado has more expensive premiums than average for both full coverage and liability only auto insurance.

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Who has the Cheapest Car Insurance for a Chevrolet Silverado?

In the market for a car insurance policy for your Chevrolet Silverado? You probably want to know which carrier offers the most affordable prices. While there will never be one company that offers the lowest prices for everyone, the most affordable average rates for liability only insurance are sometimes as little as $22 per month from Encompass. With car insurance as cheap as just $28 a month, Hugo is the next lowest insurance carrier.

The third, fourth, and fifth companies on the list are CaliforniaCasualty, MetroMile, and Verti. But just because these five carriers offer the lowest average rates doesn't necessarily mean they'll be the cheapest for you.

Car insurance companies use lots of different factors and complex formulas to calculate premiums. The only way to guarantee you'll find the cheapest rates is to compare quotes from a range of car insurance carriers.

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What Factors Affect Car Insurance Rates for a Chevrolet Silverado?

There are lots of things that auto insurance companies consider to determine how much to charge for insurance -- and every company weighs certain attributes more than others, so there's not just one carrier that's the most affordable for each driver.

Keep reading to learn which variables car insurance carriers look at and how they affect your final rate:

Vehicle Age

Chevrolet has been making the Silverado for quite some time -- and that means the car's age may play a role in how much you'll pay for auto insurance. Usually, it costs more to insure newer cars because they're worth more, but as they age, insurance costs will gradually get lower.

Based on the information in the above table, the Chevrolet Silverado is in line with this trend, as the most expensive models to insure are those that are 1 year old or less, while on average, the cheapest models are Silverados that are 8 to 10 years old.

Your Age

Age is another variable that makes a big difference in how much car insurance companies will charge you for insurance. Based on the information in the table above, drivers who have more experience on the road pay less compared to younger drivers. Chevrolet Silverado drivers under 18 actually pay more than twice as much as those 25 or older.

Insurance prices continue to decrease as you get older, with the cheapest age group for Silverado drivers being 55-64.

Your Gender

Because women are less likely to get tickets and get into collisions, they run a lower risk of filing a claim with insurance. So, insurance carriers will tend to charge women less than men. The Chevrolet Silverado is no different, and women pay around 12% less than men monthly for car insurance.

Where You Live

It may seem like common sense that factors such as how old you are and what vehicle you drive play a role in your auto insurance rates, but you may not realize that where you live can have just as much as an impact. Auto insurance is regulated on a state-by-state basis, so prices vary quite a bit from state to state.

For example, the average Chevrolet Silverado owner from New York pays about $103 a month for liability coverage. Meanwhile, on average, the same driver in California will pay $49 less than that price. The chart shows average premiums for the top 10 most populous states, just to give you a good idea of how much rates can change between states.

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Chevrolet Silverado Car Insurance Discounts

Regardless of how old you are, what state you live in, or which car you drive, it's always important to take advantage of as many insurance discounts as possible when shopping around for a policy.

Not every car insurance company will offer the same discounts, but there are a few that are relatively common. These include discounts like:

• Pay-in-full discounts for agreeing to pay your entire policy premium up front, rather than by monthly payments
• Multi-policy discounts for getting both your home and auto policies from the same carrier
• Multi-car discounts for insuring more than one of your vehicles with the same company
• Defensive driving discounts for drivers who take a defensive driving class through an accredited school or institution

These are just a few of the discounts auto insurance companies offer, and sometimes, it's actually having a good driving record and positive insurance history that get you the cheapest rates.

Although you can't control every single aspect of your insurance profile (like some of the factors we mentioned above), there is quite a bit that you do have control over. Below are just a few of the ones you can use to your advantage when it comes to saving cash:

Your Driving Record

You've almost certainly heard ads from car insurance carriers promoting big discounts for responsible drivers. It shouldn't come as a surprise that your insurance premiums will get higher if you get into a collision or get cited for speeding. But exactly how much can it cost you for these infractions?

If you look at the table above, you'll see that accidents will usually cost Silverado drivers more than tickets, but both will result in higher than normal rates. Chevrolet Silverado drivers with one ticket will pay about $86 per month, while drivers with a single accident on their record pay an average of $91 every month (up $20 from the $71/mo. overall average). The rates only increase the more tickets you get or accidents you have.

How Much You Drive

How much you drive plays a role when it comes to your auto insurance rates. Drivers who are on the roads less are less likely to get into accidents, so they'll normally get cheaper prices. Based on the table above, you can see that Chevrolet Silverado owners who drive fewer than 2,500 miles each year pay about $63 monthly for insurance, while those who put 10,000 miles or more on their cars pay $73.

But if you're one of those drivers who don't put very many miles on your Chevrolet Silverado each year, you might consider choosing a usage-based or pay-per-mile car insurance policy. With these plans, you pay a small monthly amount, and your final monthly bill is calculated based on the number of miles you drove.

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How Do Chevrolet Silverados Compare to Other Vehicles?

If you're considering buying a Chevrolet Silverado, you're probably wondering how it compares to other cars. Insurance is just one cost that's associated with buying a new car, but it's certainly one that's worth considering carefully.

Visit the table below to see how the Chevrolet Silverado stacks up:

With an MSRP that's a third less than the going rate for a new vehicle, the Chevrolet Silverado is a fantastic value for any budget. The Silverado starts at $28,600, which is much cheaper than the national average vehicle price of $46,179.

Although the purchase price is on the cheaper end of the spectrum, auto insurance premiums are slightly higher when compared to other vehicles on the market. Full coverage insurance for a Chevrolet Silverado is around $27 per month more than average, while liability only coverage is $4 cheaper per month.

When it comes to usage, Chevrolet Silverado drivers are pretty close to the national average in annual miles driven, with 11,660 miles per year for all vehicles compared to the Silverado's 11,851 a year.

Chevrolet Silverado Car Insurance Costs by Model Year

We've gone over many of the variables that can affect how much you might pay for car insurance. If you're in the market for a new car, truck, or SUV and the Silverado is on your wishlist, having a good idea of exactly what you'll pay can be extremely helpful as you weigh your options and compare it to other vehicles on your shortlist.

For this reason, we've done the heavy lifting and analyzed Chevrolet Silverado auto insurance rates by model year. Choose a specific Silverado model year in the dropdown below and see average rates for both liability only and full coverage, as well as some other helpful info, such as base price, available trims, and even the cheapest insurance carrier for each Silverado model year.

Choose Your Model

2021 Chevrolet Silverado Car Insurance 2020 Chevrolet Silverado Car Insurance 2019 Chevrolet Silverado Car Insurance 2018 Chevrolet Silverado Car Insurance 2017 Chevrolet Silverado Car Insurance 2016 Chevrolet Silverado Car Insurance 2015 Chevrolet Silverado Car Insurance 2014 Chevrolet Silverado Car Insurance 2013 Chevrolet Silverado Car Insurance 2012 Chevrolet Silverado Car Insurance 2011 Chevrolet Silverado Car Insurance 2010 Chevrolet Silverado Car Insurance

2021 Chevrolet Silverado Car Insurance

If you're looking for a brand new Chevrolet Silverado, you're looking at a starting price of $28,600, but with 30 different trim levels available on this year's Silverado, the price can vary quite a bit.

When it comes to insurance, it costs about $77 a month, on average, to insure a 2021 Chevrolet Silverado for liability only and $196 monthly for full coverage. And if you want the cheapest insurance possible, Hugo offers liability only policies for sometimes as low as $18 a month.

Although it helps to know the average price drivers pay to insure a 2021 Silverado, you'll only find out exactly what you'll pay if you get a personalized quote. Luckily, Compare.com will gather quotes from lots of companies for you, all for free. Just enter your ZIP code below, answer a few questions, and unlock your best rates in minutes.

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2020 Chevrolet Silverado Car Insurance

If you're looking to buy a 2020 Silverado or already own one, you can expect an average car insurance rate of around $80 for liability or $183 for full coverage.

And if you're just looking for the lowest auto insurance for your Silverado, Hugo offers liability only policies for as little as $18 per month.

While these are good estimates of what the average driver might pay to insure a 2020 Chevrolet Silverado, these prices might differ based on your driver profile. Get free personalized quotes in minutes by just entering your ZIP code below.

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2019 Chevrolet Silverado Car Insurance

It costs about $73 monthly for liability or $171 for a full coverage policy for the 2019 Silverado.

Liberty Mutual has rates as low as just $24 a month for the 2019 Chevrolet Silverado.

Interested in just how much you'll pay? Get several customized quotes for free by just entering your ZIP code below.

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2018 Chevrolet Silverado Car Insurance

You can expect full coverage for a 2018 Chevrolet Silverado to run around $183 monthly, while liability only coverage will average about $86 per month.

If you're looking for the cheapest possible 2018 Chevrolet Silverado insurance policy, Aspire offered the most affordable policy we found, with rates as low as $23 a month.

These average premiums are a great starting point if you're in the market for a 2018 Chevrolet Silverado, but there are multiple things that go into calculating your policy rates. If you want to figure out exactly what you'll be asked to pay, get customized quotes by entering your ZIP below.

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2017 Chevrolet Silverado Car Insurance

On average, drivers who own a 2017 Silverado can expect to pay $82 to $173 monthly for liability only and full coverage insurance, respectively.

American Family offered the lowest policy we found, with rates as little as just $18 per month.

Want something more accurate than national averages? Just enter your ZIP code below to get a variety of free personalized quotes.

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2016 Chevrolet Silverado Car Insurance

2016 Chevrolet Silverado drivers can expect to pay an average of $84 a month for liability or $173 for full coverage.

Looking for the cheapest policy? Liberty Mutual offered liability only coverage for as cheap as $17 per month.

If you're looking for a more exact figure on what you should pay for auto insurance for a 2016 Chevrolet Silverado, you can get free quotes in minutes by just entering your ZIP code below.

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2015 Chevrolet Silverado Car Insurance

The average cost to insure a 2015 Silverado with liability only coverage is $67 monthly, while full coverage runs around $157 per month.

We found Encompass offered the most affordable policy, with rates as cheap as just $17 a month.

If you want to find the best prices for car insurance for a 2015 Chevrolet Silverado, enter your ZIP code below and compare multiple personalized quotes in just a few minutes.

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2014 Chevrolet Silverado Car Insurance

It costs about $69 monthly for liability or $156 for a full coverage policy for the 2014 Chevrolet Silverado.

With premiums sometimes as cheap as $19 per month, Liberty Mutual offered the lowest policy we found.

Want to find the most affordable rates? Enter your ZIP code below to get multiple personalized quotes for free.

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2013 Chevrolet Silverado Car Insurance

You can expect full coverage for a 2013 Silverado to run around $153 a month, while liability only coverage will average about $79 monthly.

With rates as little as $16 per month, Ohio Mutual offered the cheapest policy we found for the 2013 Chevrolet Silverado.

If you want to know exactly how much you can expect to pay for your Silverado, just enter your ZIP code below and get several free quotes in minutes.

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2012 Chevrolet Silverado Car Insurance

The average cost to insure a 2012 Chevrolet Silverado with liability only coverage is $69 monthly, while full coverage runs around $149 a month.

With prices sometimes as little as $19 monthly, Clearcover offered the lowest policy we found.

If you want more accurate quotes of how much you can expect to pay, get free quotes in minutes by just entering your ZIP code below.

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2011 Chevrolet Silverado Car Insurance

On average, drivers who own a 2011 Silverado can expect to pay $75 to $152 per month for liability only and full coverage insurance, respectively.

Safeco offered the most affordable policy we found, with rates as little as just $17 a month.

If you want to know just how much your premium will be, get free quotes in minutes by just entering your ZIP code below.

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2010 Chevrolet Silverado Car Insurance

2010 Chevrolet Silverado drivers can expect to pay an average of $69 per month for liability or $154 for full coverage.

If you're looking for the lowest possible 2010 Chevrolet Silverado insurance policy, Liberty Mutual offered the cheapest policy we found, with rates as low as just $17 a month.

Want something more accurate than nationwide averages? Just enter your ZIP code below to get several free customized quotes.

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Chevrolet Silverado Insurance FAQs

Is a Chevrolet Silverado expensive to insure?

Liability insurance runs an average of $71 monthly, while full coverage will cost you around $153. The cost of car insurance for the Chevrolet Silverado is about the same as insuring the average vehicle.

How can I get the best price on car insurance for my Chevrolet Silverado?

The only way to confirm you're getting the lowest price on auto insurance is to regularly shop around and compare quotes from numerous carriers. Over time, your driver profile changes, so it's a good rule of thumb to review quotes every 6 months or so. Luckily, sites like Compare.com let you compare rates from a wide array of companies at once, meaning you can find the cheapest rates (or guarantee you already have the best deal) for free.

Does the color of my Chevrolet Silverado affect my insurance premiums?

Have you heard the old adage that it costs more to insure a red car than cars of other colors before? Well, that's actually a myth. Even though there are many variables insurance carriers think about when they calculate how much you'll pay, the color of your Chevrolet Silverado is not factored into that decision.

Do I need to have insurance before I buy a Chevrolet Silverado?

You'll need to have valid auto insurance for your Silverado before you can legally drive your it off the dealership lot. Some dealerships will offer you one during the purchase process, but it's best to let your car insurance company know beforehand.

What car insurance discounts can I get for my Chevrolet Silverado?

You will find a bunch of different discounts out there for insurance. Many of them (like "safe driver discounts" and "pay-in-full discounts") are based less on your vehicle and more on you, but if your Silverado has safety features like anti-theft systems, anti-lock brakes, airbags, and other features, it may be eligible for certain discounts. The only way to find out is to talk with your insurance agent and ask about which discounts they offer.