A Chevrolet Silverado's annual full coverage car insurance ranges from $1,040 with USAA to $5,745 for a young driver. Rates vary widely based on the truck's model year, driver's age, location, driving history, and chosen coverage and insurer. This MoneyGeek article breaks down Chevy Silverado insurance cost and coverage, offering insights into the best companies and affordable options.
Chevy Silverado Insurance Cost
Updated: March 13, 2025
Key Takeaways
GEICO provides the most affordable minimum coverage across all Chevy Silverado model years at $510 annually.
For a Chevrolet Silverado, the average annual cost is $624 for minimum coverage and $1,314 for full coverage.
MoneyGeek analyzed data and quotes for a Chevrolet Silverado using Quadrant Information Services to ensure reliable and comprehensive information.
Chevy Silverado Insurance Rates
What Is the Average Chevy Silverado Car Insurance Cost?
The average cost of full coverage insurance for a Chevrolet Silverado is $109 per month or $1,314 per year, based on a 40-year-old male with a clean driving record. Minimum coverage averages $52 per month or $624 per year.
| Minimum Coverage | $624 |
| Full Coverage | $1,314 |
Chevy Silverado Insurance Costs by Company
Chevrolet Silverado insurance costs range from $1,067 to $1,975 annually, depending on age, model year and coverage level. The table below shows how Chevy Silverado insurance rates compare with averages for all vehicles from several national and mid-size providers.
| Allstate | $1,395 | $1,814 | -23% |
| Auto-Owners | $1,078 | $1,228 | -12% |
| Farmers | $1,628 | $1,958 | -17% |
| GEICO | $1,155 | $1,333 | -13% |
| Kemper | $1,975 | $2,213 | -11% |
| Nationwide | $1,404 | $1,589 | -12% |
| Progressive | $1,488 | $1,745 | -15% |
| State Farm | $1,122 | $1,270 | -12% |
| Travelers | $1,309 | $1,523 | -14% |
| USAA | $1,067 | $1,200 | -11% |
Read more: Best Car Insurance Companies
Cost of Insuring a Chevy Silverado by Model Year
Your Chevrolet Silverado's production year can influence your insurance rates, with older models typically costing less. For example, a 2022 Silverado has a full coverage rate of $1,509, while a 2009 model costs around $1,146. Below are the average full and minimum coverage rates for each Silverado production year.
| 2022 | $630 | $1,509 |
| 2021 | $629 | $1,483 |
| 2020 | $613 | $1,459 |
| 2019 | $645 | $1,439 |
| 2018 | $652 | $1,414 |
| 2017 | $631 | $1,383 |
| 2016 | $658 | $1,351 |
| 2015 | $660 | $1,320 |
| 2014 | $624 | $1,277 |
| 2013 | $637 | $1,234 |
| 2012 | $623 | $1,191 |
| 2011 | $606 | $1,176 |
| 2010 | $637 | $1,161 |
| 2009 | $642 | $1,146 |
Chevy Silverado Insurance Costs by Driver Age
Chevrolet Silverado insurance rates vary greatly by driver age. For example, 16-year-olds pay an average of $5,745 annually for full coverage, while 40-year-olds pay about $1,325. Below are the average minimum and full coverage rates for different ages.
| 16 | $2,932 | $5,745 |
| 17 | $2,378 | $4,677 |
| 18 | $2,074 | $4,116 |
| 19 | $1,475 | $2,934 |
| 20 | $1,324 | $2,667 |
| 21 | $1,047 | $2,152 |
| 22 | $955 | $1,978 |
| 23 | $886 | $1,847 |
| 24 | $839 | $1,758 |
| 25 | $745 | $1,572 |
| 26 | $725 | $1,520 |
| 27 | $707 | $1,487 |
| 28 | $695 | $1,464 |
| 29 | $685 | $1,444 |
| 30 | $661 | $1,393 |
| 35 | $642 | $1,349 |
| 40 | $635 | $1,325 |
| 45 | $630 | $1,308 |
| 50 | $614 | $1,268 |
| 55 | $598 | $1,235 |
| 60 | $598 | $1,230 |
| 65 | $637 | $1,284 |
| 70 | $693 | $1,374 |
| 75 | $770 | $1,506 |
| 80 | $873 | $1,676 |
| 85 | $945 | $1,797 |
| 90 | $998 | $1,882 |
Chevy Silverado Insurance Rates Explained
Several factors influence car insurance rates based on a driver’s profile, but insurers also consider vehicle-related factors. Below is a breakdown of these cost factors to help you understand what impacts your rates.
Chevy Silverado Rates vs. National Average
All Vehicles
Average Full Coverage Rate
$1,296Chevy Silverado
Average Full Coverage Rate
$1,314Premiums for Chevy Silverado are:$18 more
This is 1% more expensive.
Value
The Chevrolet Silverado, with an MSRP of $64,695, is classified as a pickup truck. Higher-priced vehicles often lead to higher insurance premiums due to the increased cost of repairs or replacement.
Repair costs
The Chevrolet Silverado’s annual repair cost is $714, below the national average. Factors like part replacement difficulty and labor costs can also impact insurance rates.
Performance
The Chevrolet Silverado’s 0-to-60 time of 5.4 seconds and 310 horsepower reflect solid performance. This classification, being less than high-performance, may help lower insurance costs.
Vehicle age
Newer Chevy Silverado models typically cost more to insure than older vehicles. However, insuring collector and classic vehicles can also be very expensive.
Safety features
Safety features like stability control, airbags and antilock brakes can help you qualify for insurance discounts. The Chevrolet Silverado also has a 5-star NHTSA safety rating.
Vehicle size
Larger vehicles, such as the Chevrolet Silverado with a curb weight of 5,720 lbs, may have higher insurance costs due to the increased potential for property damage in accidents.
Trim level
Higher trim levels of the Chevrolet Silverado, like the Trail Boss or High Country, often include premium features and upgrades. These enhancements can lead to higher insurance costs than the base model.
Theft rates
Vehicles with higher theft rates, such as the Chevrolet Silverado with 25 thefts per 1,000 vehicles, often face increased insurance costs.
Cheapest Chevy Silverado Insurance
GEICO offers the lowest rate for insuring a Chevrolet Silverado at $510 annually for minimum coverage, based on a 40-year-old male driver with a clean record. Below is a breakdown of the cheapest auto insurance rates across coverage levels, age groups, driving records, model years and more.
Cheapest Chevy Silverado Insurance by Coverage Level
The coverage level you choose affects your Chevrolet Silverado insurance rate. GEICO provides the lowest average rate for minimum coverage, while State Farm is the most affordable for full coverage. Below is a breakdown of the cheapest providers for each coverage type.
Cheapest Chevy Silverado Minimum Coverage
State Farm and GEICO offer the cheapest monthly minimum coverage rate for a Chevrolet Silverado at $43, followed by Travelers at $50, Allstate at $55 and Progressive at $56.
| USAA | $39 | $465 |
| GEICO | $43 | $510 |
| State Farm | $43 | $512 |
| Travelers | $50 | $605 |
| Allstate | $55 | $658 |
| Progressive | $56 | $669 |
| Nationwide | $60 | $725 |
| Farmers | $62 | $745 |
*GEICO offers non-military-affiliated Chevy Silverado owners the lowest average minimum coverage insurance rate. USAA is the most affordable option for military-affiliated drivers.
Best Chevy Silverado Insurance Rates by Model Year
Since the above list doesn't account for model production year, lower rates may be available depending on your vehicle's age. Filter the table below to find the cheapest minimum coverage rates for every Silverado production year.
Data filtered by:Results filtered by:
Select
Model Year:2009
| Allstate | $668 | $56 |
| Farmers | $765 | $64 |
| GEICO | $523 | $44 |
| Nationwide | $707 | $59 |
| Progressive | $681 | $57 |
| State Farm | $476 | $40 |
| Travelers | $637 | $53 |
| USAA | $489 | $41 |
*USAA is available only to military veterans, active service members and their families.
Cheapest Full Coverage Chevy Silverado Insurance
State Farm offers the most affordable full coverage for a Chevrolet Silverado at $91 monthly or $1,091 annually. Below is the complete list of Chevy Silverado full coverage car insurance providers and rates.
| USAA | $87 | $1,040 |
| State Farm | $91 | $1,091 |
| GEICO | $94 | $1,128 |
| Travelers | $108 | $1,298 |
| Nationwide | $111 | $1,337 |
| Allstate | $111 | $1,338 |
| Progressive | $119 | $1,422 |
| Farmers | $127 | $1,528 |
*On average, State Farm is the cheapest insurer for non-military-affiliated Chevy Silverado owners seeking full coverage. For military-affiliated drivers, USAA is the most affordable option.
Cheapest Chevy Silverado Insurance by Age
Drivers aged 16 to 25 and seniors 55+ often pay higher insurance rates. Below is a breakdown of the cheapest Chevrolet Silverado insurance options by age.
Cheapest Chevy Silverado Insurance for Young Drivers
For drivers aged 16 to 25, State Farm offers the most affordable Chevrolet Silverado insurance at $94 monthly or $1,125 annually for minimum coverage. Below is the list of the cheapest car insurance rates for young drivers.
| USAA | $81 | $972 |
| State Farm | $94 | $1,125 |
| GEICO | $102 | $1,229 |
| Travelers | $107 | $1,287 |
| Allstate | $128 | $1,540 |
| Progressive | $156 | $1,877 |
| Nationwide | $161 | $1,934 |
| Farmers | $170 | $2,038 |
*State Farm is the cheapest insurer for young non-military-affiliated drivers. USAA is the most affordable option for military-affiliated drivers.
Cheapest Chevy Silverado Insurance for Seniors
State Farm offers the cheapest auto insurance for seniors aged 55 and up at $47 monthly or $563 annually. See the full list of affordable Chevrolet Silverado insurers below.
| State Farm | $47 | $563 |
| GEICO | $51 | $613 |
| USAA | $52 | $620 |
| Travelers | $61 | $736 |
| Allstate | $67 | $807 |
| Nationwide | $71 | $853 |
| Progressive | $72 | $859 |
| Farmers | $83 | $995 |
Cheapest Chevy Silverado Insurance After an Accident
For Chevrolet Silverado drivers, State Farm, GEICO and Travelers offer the most affordable minimum coverage after an accident. Check the complete list below.
| State Farm | $53 | $641 |
| USAA | $59 | $712 |
| GEICO | $67 | $805 |
| Travelers | $73 | $873 |
| Allstate | $75 | $897 |
| Progressive | $91 | $1,098 |
| Nationwide | $94 | $1,128 |
| Farmers | $123 | $1,472 |
Chevy Silverado Insurance Cost: Bottom Line
Regularly comparing car insurance rates can help you find the most affordable options. This article provides an in-depth look at insuring a Chevrolet Silverado, including costs across various demographic groups and the cheapest providers.
Chevy Silverado Insurance Rates: FAQ
Below are answers to common questions about Chevrolet Silverado insurance costs.
What company has the cheapest car insurance for a Chevrolet Silverado?
GEICO is the cheapest car insurance provider for a Chevrolet Silverado, with an annual minimum coverage rate of $510.
What is the average cost of car insurance for a Chevrolet Silverado?
The average annual cost of minimum coverage insurance for a Chevrolet Silverado is $624. Full coverage insurance averages $1,314.
Chevy Silverado Insurance Ratings: Our Review Methodology
MoneyGeek analyzed data and quotes for a Chevy Silverado from Quadrant Information Services.
Drivers and Cars
MoneyGeek used a sample driver profile with the following characteristics to calculate the average rates for insuring a Chevy Silverado:
- 40-year-old male
- Clean driving record
- 12,000 miles driven annually
We also modified the sample driver profile to determine Chevy Silverado insurance rates for different age groups, driving records and model years. MoneyGeek collected data for the following model years:
- 2012
- 2013
- 2014
- 2015
- 2016
- 2017
- 2018
- 2019
- 2020
- 2021
- 2022
If data on specific model years wasn't available, our data scientists estimated rates based on how insurers typically price car models each year. The published rates are estimates and may not reflect the rate you'll receive for your Chevy Silverado.
Coverage Levels
Each state differs in minimum coverage requirements, so our rates are a combination of minimum coverage policies in the states where we gathered our data.
MoneyGeek’s analysis also includes average rates for a full coverage policy that includes comprehensive and collision coverage (with a $1,000 deductible) and the following increased liability coverage limits:
- $100,000 bodily injury liability per person
- $300,000 bodily injury liability per accident
- $100,000 property damage liability per accident
About Mark Fitzpatrick
Mark Fitzpatrick, a Licensed Property and Casualty Insurance Producer, is MoneyGeek's resident Personal Finance Expert. With over five years of experience analyzing the insurance market, he conducts original research and creates tailored content for all types of buyers. His insights have been featured in publications like CNBC, NBC News and Mashable.
Fitzpatrick holds a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He's also a five-time Jeopardy champion!
Passionate about economics and insurance, he aims to promote transparency in financial topics and empower others to make confident money decisions.