Christine Lacagnina has written thousands of insurance-based articles for TrustedChoice.com by authoring consumable, understandable content.
Updated
The Chevy Silverado 1500 is a full-size pickup that offers three body styles and eight trim levels. It's tough and reliable enough to function as a work truck, or it can be fully loaded to rival any luxury vehicle. It offers a variety of safety features, including a new Teen Driver System. But despite its size, power, and popularity, Silverado insurance may be more affordable than you think, at an average of just $954.48 per year. In general, pickups cost less to insure than cars, with safety being the most significant factor influencing insurance rates.
An independent insurance agent can also help you find the most affordable Chevy Silverado insurance in your area. They'll get you set up with the right kind of car insurance for your needs. But first, let's break down Chevy Silverado insurance costs by model year and insurance company so you can get a better idea of expected costs.
Is Car Insurance for a Chevy Silverado Expensive?
Chevy Silverado insurance averages about $954.48 annually, which is lower than the current national average of $1,311 per year for car insurance across the US. A quote for Silverado insurance is based on the vehicle make and model, but a variety of other factors also influence your auto insurance rates.
When looking at a vehicle, insurance companies assess its record of claims and the costs associated with repairs and passenger injuries. Larger and safer vehicles tend to cost less to insure, which is why owners of the Silverado and other full-size pickups enjoy lower-than-average insurance costs.
Car insurance rates are also determined by a driver's:
Age and gender
Driving record
Marital status
Credit history
Location
Total annual mileage estimate
Finally, auto insurance rates vary by the types of coverage, coverage limits, and deductibles you choose. Most states require drivers to have a minimum amount of liability coverage, which pays for property damage or bodily injury that you cause in an accident. You'll likely want to purchase coverage above the bare minimum, though, as well as add more types of coverage to your policy.
Most drivers also need collision coverage and comprehensive coverage, and you might want to add uninsured motorist coverage and personal injury protection, among others. Choosing higher deductibles for your policy can help lower your premium rates. An independent insurance agent can further advise you on how to save the most money possible on your Chevy Silverado insurance.
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The Average Cost of Chevrolet Silverado Insurance
We found that the average cost to insure a Chevy Silverado is just $954.48 per year or $79.54 per month. Below, we'll further break down costs by model year and insurance company.
Average cost to insure per month:
Average cost to insure per year:
$79.54
$954.48
How Much Does Car Insurance Cost for My Chevy Silverado?
We pulled the average cost of car insurance for recent models of Chevy Silverado and broke it down by model year for your convenience.
Average Cost of Chevy Silverado Insurance
Model Year
Annual Car Insurance Premium
2022 Chevy Silverado
$1,476
2021 Chevy Silverado
$1,455
2020 Chevy Silverado
$1,408
2019 Chevy Silverado
$1,415
How Much Does Car Insurance for My Older Model of Chevy Silverado Cost?
If you've got an older model of Chevy Silverado, it still needs the right coverage. We broke down the average costs of car insurance for older models of Chevy Silverado by insurance carrier below.
Working together with an independent insurance agent is a great way to find the best Chevy Silverado insurance. These agents shop and compare quotes from multiple different insurance companies in your area and present you with the options that only offer the best blend of coverage and cost. Better yet, they'll be there down the road for you if you ever need to file an insurance claim or update your coverage.
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