Chevrolet Silverado Car Insurance Calculator

Discover and learn how different risk factors impact the cost of car insurance for a Chevrolet Silverado. Tailor settings like policy discounts, trim level, and driving violations and watch the impact each has on cost. See instantly if the choice you made has a positive or negative impact on rates and exactly why.

The average estimated car insurance premium for a 2024 Chevrolet Silverado is $2,590 per year, or about $216 per month. This is based on a 40-year-old male driver with no prior driving violations or at-fault accidents. Comprehensive and collision deductibles are $500 and Uninsured and Underinsured Motorist (UM/UIM) coverage is included.

Annual Premium

$2,590

Cost Per Month

$216

The Annual Premium and Cost Per Month change instantly as you adjust calculator options.

If you change a factor that results in a higher insurance cost, the rates turn red. If you adjust a factor that saves money, the rates turn green. For a detailed explanation of each rate change, click the blue button above.

Quick Guide to Using the Insurance Rate Calculator

  1. Update Options: Adjust any settings in the form below.
  2. Observe Rate Changes: Watch how the Annual Premium at the bottom of the page changes.
  3. Get Detailed Insights: Click the blue up arrow button for an explanation of the rate change.

Key Features:

Chevrolet Silverado Options

Driver Options

Insurability Factors

Policy Coverages

Calculated vs. Average Rate

Discover how your personalized car insurance rate compares to the average annual premium for a Chevrolet Silverado.

As you adjust the calculator settings, the 'Your Rate' value dynamically shifts left or right on the rate range bar. This movement visually demonstrates how your rate compares to the typical insurance cost for this vehicle model.

For continuous comparison while you explore different settings, you have the option to pin this rate range bar to the bottom of your screen.

$2,590
Average Rate
Your Rate
$2,590

The 'Average Rate' is calculated based on default options for a typical driver profile: a 40-year-old married male with good credit, no prior accidents or violations, current car insurance coverage, and homeownership. The coverage includes collision and comprehensive coverage with $500 deductibles, liability limits of 100/300/100, and includes Uninsured/Underinsured Motorist and Medical Payments coverages.

Changing the Model Year option in the calculator will reset the Average Rate to the average cost to insure that specific model year Chevrolet Silverado.

The 'Average Rate' is a combined value for all Chevrolet Silverado trim levels.

Insurance Rate Analysis

Your personalized insurance analysis will appear below after modifying any options in the calculator settings above.

Based on the default settings in the calculator options, the annual premium for a 2024 Chevrolet Silverado is $2,590.

After making any changes in the calculator settings, this section will explain the choices that have a positive effect on either rates or coverage, as well as those that have a negative effect.

Factors That Favorably Influence Your Rates and Coverage

There are many things that have a positive effect on your rates, like being a mature driver, being married, having great credit, owning your home, and more.

Once you've fine-tuned the settings in our calculator, this section will provide an analysis of all the factors that have contributed to reducing your rates or improving your coverage options.

Factors That Could Increase Rates or Result in Coverage Gaps

Certain circumstances may lead to higher insurance rates or potential gaps in your coverage. These include life events such as being involved in at-fault accidents, incurring driving violations, experiencing lapses in coverage, or simply being a younger driver. While not all of these factors are within your control, many can be managed to mitigate their impact.

As you adjust the settings in our calculator, this section will detail and explain all the factors that have contributed to higher rates or reduced levels of coverage.

2024 Chevrolet Silverado Segment Comparison

The table below compares insurance rates for the 2024 Chevrolet Silverado against all other models in the large truck segment. The Chevrolet Silverado is highlighted in light orange, and the segment's average insurance rate is in light blue.

Annual Premium values in the table are based on the current selections in the rate calculator settings.

The Difference column indicates the annual premium variance between each model shown and the Chevrolet Silverado, with green values denoting cheaper rates and red values indicating more expensive rates compared to the Chevrolet Silverado.

After choosing a vehicle trim level in the calculator options, the rates shown will reflect your choice.

2024 Chevrolet Silverado Segment Insurance Cost Comparison
Rank Make and Model Annual Premium Difference
1Nissan Titan$2,190-$400
2GMC Sierra$2,588-$2
3Chevrolet Silverado$2,590--
2024 Large Truck Average$2,596$6
4Ford F150$2,622$32
5GMC Hummer EV Pickup$2,686$96
6Ram Truck$2,708$118
7Toyota Tundra$2,788$198

Data Methodology: Rated driver is a 40-year-old married male with no driving violations or at-fault accidents in the prior three years. Comprehensive and collision deductibles are $500 and UM/UIM and medical payments coverages are included. Premiums are averaged for all trim levels for each model.

2024 Silverado Insurance Rates by Trim Level

The table below shows insurance rates for all trim levels available for the 2024 Chevrolet Silverado.

Annual Premium and Cost Per Month values show in the table are based on the current selections in the rate calculator settings. After setting the trim level option in the calculator settings, it will be highlighted in the table.

2024 Chevrolet Silverado Insurance Rates by Trim Level
2024 Chevrolet Silverado Trim Level Annual Premium Cost Per Month
EV WT$2,196$183
WT Regular Cab 4WD$2,310$193
WT Double Cab 4WD$2,366$197
WT Regular Cab 2WD$2,374$198
WT Crew Cab 4WD$2,428$202
Custom Double Cab 4WD$2,454$205
WT Double Cab 2WD$2,490$208
Custom Crew Cab 4WD$2,510$209
LT Double Cab 4WD$2,552$213
RST Crew Cab 2WD$2,552$213
Custom Trail Boss 4WD$2,560$213
WT Crew Cab 2WD$2,564$214
RST Double Cab 4WD$2,572$214
EV RST$2,586$216
Custom Double Cab 2WD$2,594$216
LT Crew Cab 4WD$2,598$217
RST Crew Cab 4WD$2,612$218
Custom Crew Cab 2WD$2,654$221
LTZ Crew Cab 2WD$2,656$221
LT Trail Boss Crew Cab 4WD$2,668$222
LT Double Cab 2WD$2,702$225
LTZ Crew Cab 4WD$2,706$226
High Country Crew Cab 4WD$2,734$228
LT Crew Cab 2WD$2,750$229
ZR2 Crew Cab 4WD$2,824$235
EV Trail Boss$2,858$238
EV RST First Edition$3,070$256

Data Methodology: Rated driver is a 40-year-old married male with no driving violations or at-fault accidents in the prior three years. Comprehensive and collision deductibles are $500 and UM/UIM and medical payments coverages are included.

Insurance Rates by Driver Age

The table below shows average car insurance rates for the 2024 Chevrolet Silverado for different driver ages.

2024 Chevrolet Silverado Insurance Cost for Drivers Aged 16 to 80
Driver Age Annual Premium Cost Per Month
16$9,452$788
17$9,121$760
18$8,104$675
19$7,392$616
20$5,634$470
21$5,370$448
22$4,791$399
23$3,944$329
24$3,718$310
25$3,010$251
30$2,754$230
35$2,664$222
40$2,590$216
45$2,426$202
50$2,302$192
55$2,150$179
60$2,156$180
65$2,302$192
70$2,504$209
75$2,974$248
80$3,680$307

Data Methodology: Rated driver is male and has no driving violations or at-fault accidents in the prior three years. Comprehensive and collision deductibles are $500. Uninsured Motorist (UM), Underinsured Motorist (UIM) and medical payments coverages are included. Drivers under the age of 25 are considered single, while drivers 25 and over are rated as married. Annual premium is averaged for all Chevrolet Silverado trim levels.

Average Rates by Model Year

The table below shows average car insurance rates for different model years of the Chevrolet Silverado.

These values do not change with the calculator settings. These rates provide a "base average rate" to compare your calculated rate to, and the highlighted row indicates the currently selected model year.

Changing the calculator settings will cause your rate to move higher or lower than the average annual premium.

If the calculated 'Annual Premium' shown at the bottom of your screen is higher than the highlighted annual premium in the table, refer to the insurance analysis section to find out what factors might be causing the increase.

Average Chevrolet Silverado Insurance Rates by Model Year
Model Year and Vehicle Annual Premium Cost Per Month
2024 Chevrolet Silverado$2,590$216
2023 Chevrolet Silverado$2,474$206
2022 Chevrolet Silverado$2,296$191
2021 Chevrolet Silverado$2,296$191
2020 Chevrolet Silverado$2,230$186
2019 Chevrolet Silverado$2,128$177
2018 Chevrolet Silverado$2,020$168
2017 Chevrolet Silverado$1,928$161
2016 Chevrolet Silverado$1,866$156
2015 Chevrolet Silverado$1,728$144
2014 Chevrolet Silverado$1,644$137
2013 Chevrolet Silverado$1,526$127

Data Methodology: Rated driver is a 40-year-old married male with no driving violations or at-fault accidents in the prior three years. Comprehensive and collision deductibles are $500 and UM/UIM and medical payments coverages are included. Premiums are averaged for all Chevrolet Silverado trim levels for each model year.