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What does it cost to insure my Chevrolet Silverado 1500?
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Our rates are based on public rate filings obtained by analytics company First Interpreter. While we may partner with some of the carriers you see on our site, we maintain editorial independence and it does not affect the rates you see. Read more about our rating methodology or see our rigorous editorial policy.Â
Last updated: February 26th, 2024
Is a Chevrolet Silverado 1500 expensive to insure? Compared to the average cost of car insurance, yes, it is a bit more costly at $2,428 a year. One reason for this could be that the Silverado 1500 is a larger truck, which can lead to higher insurance rates. Additionally, newer model years can sometimes have higher insurance costs due to their higher value, as well as their higher cost of repairs and replacement parts. The Silverado 1500 LT, with its luxury features like leather seats and advanced technology, may also increase insurance costs due to its increased value. Overall, while the Silverado 1500 is a great truck, it may have slightly higher insurance costs compared to other vehicles.
Trim | Annual Premium |
---|---|
Silverado 1500 WT | 2,167 |
Silverado 1500 RST | 2,429 |
Silverado 1500 High Country | 2,529 |
Silverado 1500 LT Fleet | 2,428 |
Silverado 1500 LT | 2,428 |
Silverado 1500 ZR2 | 2,506 |
Silverado 1500 Custom | 2,341 |
Silverado 1500 LTZ | 2,471 |
Silverado 1500 Custom Trail Boss | 2,419 |
Silverado 1500 LT Trail Boss | 2,463 |
The model year of your Chevrolet Silverado 1500 will also impact the cost of car insurance. Generally, newer models cost more to insure than older models. A 2023 Silverado 1500 LT costs about $2,428 to insure on average, so you can expect older model years to be less expensive. The table below shows the average cost to insure different Silverado 1500 LT model years in 2024.Â
Year | Annual Premium |
---|---|
2024 | 2,506 |
2023 | 2,428 |
2022 | 2,331 |
2021 | 2,242 |
2020 | 2,157 |
2019 | 2,116 |
2018 | 1,960 |
2017 | 1,896 |
2016 | 1,866 |
2015 | 1,742 |
2014 | 1,786 |
Annual rates for a single 35-year-old male, estimated using public rate filings sourced from First Interpreter. Rates do not represent actual quotes. Accurate as of January 2024.Â
The table below shows an average of how much it costs to insure a 2023 base model Chevrolet Silverado 1500 at popular insurance companies for a single 35-year-old male with a clean driving record. The listed companies provide coverage in a large portion of the US, but might not be available near you.
Carrier | Annual Premium |
---|---|
USAA | 1,645 |
Progressive | 1,721 |
Auto-Owners Insurance | 1,729 |
Nationwide | 1,912 |
Travelers | 1,921 |
Geico | 2,025 |
State Farm | 2,269 |
Farmers | 2,837 |
Allstate | 3,325 |
Annual rates for a single 35-year-old male, estimated using public rate filings sourced from First Interpreter. Rates do not represent actual quotes. Accurate as of January 2024.Â
Competitor | Annual Premium |
---|---|
Chevrolet Silverado 1500 | 2,428 |
Ford F-150 | 2,197 |
Ram Pickup 1500 | 2,296 |
GMC Sierra 1500 | 2,150 |
Toyota Tacoma | 2,111 |
Toyota Tundra | 2,209 |
Chevrolet Colorado | 2,142 |
Ford Ranger | 2,181 |
Jeep Gladiator | 2,018 |
Nissan Frontier | 2,156 |
Competitor | Annual Premium |
---|---|
Chevrolet Silverado 1500 | 2,428 |
Ford F-150 | 2,197 |
Ram Pickup 1500 | 2,296 |
GMC Sierra 1500 | 2,150 |
Toyota Tacoma | 2,111 |
Toyota Tundra | 2,209 |
Chevrolet Colorado | 2,142 |
Ford Ranger | 2,181 |
Jeep Gladiator | 2,018 |
Nissan Frontier | 2,156 |
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While the vehicle you drive plays a key role in the price you pay for insurance, other factors like where you live, your age, driving record, and more will also factor into the price of your premium. Because of this, the best way to save money on car insurance is to compare personalized rates from several insurance companies to find the cheapest premium for you. You should also see if you qualify for any discounts like a homeowner, multi-vehicle, or good driver discount.
Your Chevrolet Silverado 1500 may also be eligible for discounts at certain insurance companies depending on the safety ratings and features that come with your model year and trim level.
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Your rates will vary based on where you live, your age, and other factors like your driving record
Rate Retriever rates are based on public rate filings obtained by analytics company First Interpreter. This data comes from the rating plans insurance carriers submit to each state’s department of insurance. Rating plans detail how each carrier calculates premiums using factors such as location, age, gender, and driving record, and they ensure that insurance premiums are both fair and competitive.Â
For the data on this page, we made the following assumptions: a 35-year-old single male with a clean driving record and Good credit score. We adjusted this profile by vehicle make, model, trim, and year to determine the rates you see on this page.
These rates are not actual quotes and should only be used for comparative purposes. Your rates can vary significantly based on your unique driver profile.Â
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