2016 Chevrolet Silverado Car Insurance Calculator

Learn how changes to different risk factors impact the cost of car insurance for a 2016 Chevrolet Silverado. Adjust rate factors like credit rating, policy coverages, and liability limits to see how insurance cost is affected. See instantly how much your choice changes rates and why.

The average estimated car insurance premium for a 2016 Chevrolet Silverado is $1,866 per year, or about $156 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

$1,866

Cost Per Month

$156

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 2016 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.

$1,866
Average Rate
Your Rate
$1,866

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.

The 'Average Rate' is a combined value for all 2016 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 2016 Chevrolet Silverado is $1,866.

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.

2016 Chevrolet Silverado Segment Comparison

The table below compares insurance rates for the 2016 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.

2016 Chevrolet Silverado Segment Insurance Cost Comparison
Rank Make and Model Annual Premium Difference
1Ford F150$1,646-$220
2Nissan Titan$1,746-$120
2016 Large Truck Average$1,809-$57
3Toyota Tundra$1,814-$52
4Chevrolet Silverado$1,866--
5Ram Truck$1,878$12
6GMC Sierra$1,906$40

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.

2016 Silverado Insurance Rates by Trim Level

The table below shows insurance rates for all trim levels available for the 2016 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.

2016 Chevrolet Silverado Insurance Rates by Trim Level
2016 Chevrolet Silverado Trim Level Annual Premium Cost Per Month
LS Regular Cab 4WD$1,718$143
WT Regular Cab 4WD$1,718$143
WT Regular Cab 2WD$1,752$146
WT Double Cab 4WD$1,768$147
LS Regular Cab 2WD$1,802$150
Custom Double Cab 4WD$1,814$151
LS Double Cab 4WD$1,814$151
LT Double Cab 4WD$1,814$151
LT Regular Cab 4WD$1,814$151
WT Crew Cab 4WD$1,814$151
Custom Double Cab 2WD$1,848$154
LS Double Cab 2WD$1,848$154
LT Regular Cab 2WD$1,848$154
WT Double Cab 2WD$1,848$154
Custom Crew Cab 4WD$1,864$155
LS Crew Cab 4WD$1,864$155
LT Crew Cab 4WD$1,864$155
LTZ Double Cab 4WD$1,864$155
Z71 Crew Cab 4WD$1,864$155
Z71 Double Cab 4WD$1,864$155
LT Double Cab 2WD$1,898$158
LTZ Crew Cab 4WD$1,912$159
WT Crew Cab 2WD$1,922$160
Custom Crew Cab 2WD$1,946$162
LS Crew Cab 2WD$1,946$162
LT Crew Cab 2WD$1,946$162
High Country Crew Cab 4WD$1,960$163
LTZ Crew Cab 2WD$1,996$166
LTZ Double Cab 2WD$1,996$166
High Country Crew Cab 2WD$2,042$170

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 2016 Chevrolet Silverado for different driver ages.

2016 Chevrolet Silverado Insurance Cost for Drivers Aged 16 to 80
Driver Age Annual Premium Cost Per Month
16$6,872$573
17$6,604$550
18$5,812$484
19$5,324$444
20$4,043$337
21$3,853$321
22$3,431$286
23$2,845$237
24$2,675$223
25$2,164$180
30$1,980$165
35$1,922$160
40$1,866$156
45$1,752$146
50$1,664$139
55$1,554$130
60$1,558$130
65$1,660$138
70$1,820$152
75$2,172$181
80$2,688$224

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.