Chevrolet Silverado vs Toyota Tundra Insurance Cost

• A 2024 Chevrolet Silverado costs less to insure than a 2024 Toyota Tundra by an average of $202 per year, $2,654 compared to $2,856.
• Out of seven models in the 2024 large truck segment, the Chevrolet Silverado ranks third and the Toyota Tundra ranks seventh for overall insurance affordability.

Does a Chevy Silverado or Toyota Tundra cost less to insure?

Insurance rates on a 2024 Chevrolet Silverado cost an average of $2,654 per year, while the 2024 Toyota Tundra costs an average of $2,856 per year, making the Chevrolet Silverado the cheaper of the two by $202 per year.

For the 27 trim levels available for the 2024 Chevrolet Silverado, the cheapest trim level to insure is the EV WT trim at an average cost of $2,248 per year.

For the 24 trims available for the Toyota Tundra, the cheapest 2024 trim to insure is the SR Double Cab 2WD trim at a cost of $2,548 per year, or about $212 per month.

When rates are compared for the 51 trim levels of both 2024 models, the lowest-cost model and trim is the Chevrolet Silverado EV WT at a cost of $2,248 per year, and the most expensive model and trim level is the Chevrolet Silverado EV RST First Edition at an average cost of $3,146 per year.

The table shown below ranks the 12-month and monthly car insurance cost for 2024 Chevrolet Silverado and Toyota Tundra models, showing cost for each trim level of both models.

The chart below illustrates the average cost to insure the two models using drivers aged 20 to 50. The average cost of car insurance ranges from $2,358 to $5,388 per year for a 2024 Chevrolet Silverado, and $2,528 to $5,820 for a 2024 Toyota Tundra for the illustrated age groups.

The next two tables display all the available trims for both 2024 models, including an overall average cost for each model. The 2024 Chevrolet Silverado takes the win over the 2024 Toyota Tundra for the cheapest average car insurance rates.

2023 Chevrolet Silverado vs. Toyota Tundra

For the 2023 model year, the model having more affordable car insurance is the Toyota Tundra. Insurance cost for the Chevrolet Silverado averages $2,534 per year, whereas insurance for a Toyota Tundra costs an average of $2,456 per year.

Out of 20 trims for the 2023 Chevrolet Silverado, the cheapest insurance prices are on the WT Regular Cab 4WD trim at a cost of $2,264 per year, or around $189 per month. For the 24 trims available for the Toyota Tundra, the cheapest 2023 trim level to insure is the SR Double Cab 2WD trim at a cost of $2,164.

When comparing rates by trim level for both models, the cheapest trim to insure is the Toyota Tundra SR Double Cab 2WD at an average rate of $2,164 per year. The highest-cost model and trim is the Chevrolet Silverado ZR2 Crew Cab 4WD at a cost of $2,812 per year.

The rate table below ranks the 12-month and monthly car insurance cost for 2023 Chevrolet Silverado and Toyota Tundra models, broken down by trim level.

The rate chart below illustrates the average cost to insure both 2023 models for a range of driver ages.

Insurance cost ranges from $2,254 to $5,156 per year for a 2023 Chevrolet Silverado, and $2,168 to $4,952 for a 2023 Toyota Tundra for the example age groups.

The tables below show average car insurance rates for each trim level, including an overall average cost for each model.

2022 Chevrolet Silverado vs. Toyota Tundra

When comparing the Silverado and Tundra for the 2022 model year, the model with cheaper average insurance rates is the Chevrolet Silverado. Average car insurance rates for the Chevy Silverado are $2,354 per year, whereas insurance for a Toyota Tundra costs an average of $2,358 per year.

Insurance rates vary quite a bit for different trim levels, however.

For a 2022 Chevrolet Silverado, car insurance rates range from $2,074 per year for the WT Regular Cab 4WD model up to the most expensive rate of $2,576 for the High Country Crew Cab 4WD model.

For a 2022 Toyota Tundra, rates can range from $2,106 per year for the SR Double Cab 2WD model up to $2,590 for the most expensive Capstone Crew Max 4WD model.

When comparing rates by trim level for both models, the lowest-cost model and trim level is the Chevrolet Silverado WT Regular Cab 4WD at an average of $2,074 per year, and the highest-cost model and trim is the Toyota Tundra Capstone Crew Max 4WD at a cost of $2,590 per year.

For a 2022 Chevrolet Silverado, the cheapest models are the WT Regular Cab 4WD, WT Double Cab 4WD, and WT Regular Cab 2WD. The cheapest Toyota Tundra models include the SR Double Cab 2WD, SR Double Cab 4WD, and SR5 Double Cab 2WD.

From a monthly standpoint, insurance rates for all 2022 Chevrolet Silverado and Toyota Tundra models and trims range from $173 to $216 per month.

The rate table below compares the annual and monthly car insurance cost for 2022 Chevrolet Silverado and Toyota Tundra models, showing cost for each trim level of both models.

The diagram below compares the cost of Chevy Silverado insurance to Toyota Tundra insurance for the 2022 model year and for drivers aged 20, 30, 40 and 50.

The tables below detail insurance rates for all trim levels of 2022 Silverado and Tundra models. The 2022 Chevrolet Silverado has an average insurance cost of $2,354 and the 2022 Toyota Tundra is $2,358, making the Chevrolet Silverado cheaper by $4 per year.

2021 Chevrolet Silverado vs. Toyota Tundra

When comparing average insurance cost for 2021 models, the Chevrolet Silverado costs an average of $2,354 per year to insure and the Toyota Tundra costs $2,206, making the Toyota Tundra the winner by $148.

The chart shown below illustrates the average cost to insure both 2021 models with different driver age groups. Average car insurance cost ranges from $2,090 to $4,802 per year for a 2021 Chevrolet Silverado, and $1,958 to $4,470 for a 2021 Toyota Tundra for the included age groups.

For the 28 trim levels available for the 2021 Chevrolet Silverado, the cheapest trim to insure is the WT Regular Cab 4WD trim at an average cost of $2,076 per year.

For the 16 trim levels available for the Toyota Tundra, the cheapest 2021 trim level to insure is the Double Cab SR 2WD model at a cost of $2,070.

When all 44 trims of both models are combined and compared, the lowest-cost model and trim level to insure is the Toyota Tundra Double Cab SR 2WD at an average rate of $2,070 per year. The highest-cost model and trim is the Chevrolet Silverado High Country Crew Cab 2WD at a cost of $2,664 per year.

The tables shown below show the expected annual car insurance cost by trim level for both 2021 models, plus the average rate for each model.

2020 Chevrolet Silverado vs. Toyota Tundra

When comparing insurance rates for 2020 models, the Chevrolet Silverado costs an average of $2,288 per year to insure and the Toyota Tundra costs $2,142, making the Toyota Tundra the winner by $146 for the 2020 comparison year.

The rate chart below displays the average cost to insure the two models using a range of rated driver ages. The average car insurance cost ranges from $2,032 to $4,664 per year for a 2020 Chevrolet Silverado, and $1,902 to $4,338 for a 2020 Toyota Tundra for these driver ages.

Out of 28 trims for the 2020 Chevrolet Silverado, the cheapest average car insurance prices are on the WT Regular Cab 4WD model at a cost of $2,018 per year, or about $168 per month. For the 16 trims available for the Toyota Tundra, the cheapest 2020 model to insure is the Double Cab SR 2WD trim at a cost of $2,010.

When all 44 trims of both models are combined and compared, the cheapest model and trim level to insure is the Toyota Tundra Double Cab SR 2WD at a cost of $2,010 per year. The most expensive model and trim level is the Chevrolet Silverado High Country Crew Cab 2WD costing an average of $2,588 per year.

The tables shown below display both 2020 models and all trim levels available for each one, along with an average cost for each model. The 2020 Toyota Tundra has cheaper average auto insurance rates than the 2020 Chevrolet Silverado.

2019 Chevrolet Silverado vs. Toyota Tundra

For 2019 Chevrolet Silverado and Toyota Tundra models, the Toyota Tundra has cheaper car insurance rates by an average of $188 per year.

The rate chart below illustrates the average cost to insure both models rated for a variety of different driver ages. For a 2019 Chevrolet Silverado, average car insurance cost ranges from $1,936 to $4,448 per year for the age groups used in this illustration. A 2019 Toyota Tundra costs from $1,770 to $4,050 to insure per year.

For the 28 trim levels available for the 2019 Chevrolet Silverado, the cheapest model to insure is the Double Cab 4WD trim at an average cost of $2,036 per year, or about $170 per month.

For the 10 trims available for the Toyota Tundra, the cheapest 2019 trim to insure is the Double Cab SR5 4WD model at a cost of $1,872 per year, or around $156 per month.

When comparing aggregated rates for both models from a trim-level perspective, the lowest-cost model and trim to insure is the Toyota Tundra Double Cab SR5 4WD at an average of $1,872 per year, and the most expensive vehicle to insure is the Chevrolet Silverado High Country Crew Cab 2WD at a cost of $2,388 per year.

The next two rate tables show both 2019 models and all trim levels available for each one, including an overall average cost for each model. The winner for the 2019 car insurance comparison is the Toyota Tundra.

2018 Chevrolet Silverado vs. Toyota Tundra

For the 2018 Chevrolet Silverado and Toyota Tundra models, the Toyota Tundra has cheaper car insurance cost by an average of $178 per year.

The chart below demonstrates the average cost to insure the two models for four different driver age groups. Insurance cost ranges from $1,846 to $4,218 per year for a 2018 Chevrolet Silverado, and $1,688 to $3,842 for a 2018 Toyota Tundra for the included age groups.

Out of 32 Chevrolet Silverado trims, the cheapest 2018 trim level to insure is the WT Regular Cab 4WD trim at an average cost of $1,892 per year, or $158 per month.

For the 10 trims available for the Toyota Tundra, the cheapest 2018 model to insure is the CrewMax SR5 4WD trim at a cost of $1,788.

When comparing both models at a trim-level basis, the cheapest trim to insure is the Toyota Tundra CrewMax SR5 4WD at an average rate of $1,788 per year. The most expensive vehicle to insure is the Chevrolet Silverado High Country Crew Cab 2WD at an average cost of $2,284 per year.

The tables shown below show trim level insurance rates for each 2018 model, including the average rate for each model. The 2018 Toyota Tundra wins the head-to-head comparison over the 2018 Chevrolet Silverado for cheapest overall car insurance cost.

2017 Chevrolet Silverado vs. Toyota Tundra

For the 2017 Chevrolet Silverado and Toyota Tundra models, the Toyota Tundra has cheaper car insurance cost by an average of $202 per year.

The rate chart below visualizes the average cost to insure the two models rated for different driver ages. Insurance cost ranges from $1,764 to $4,022 per year for a 2017 Chevrolet Silverado, and $1,584 to $3,598 for a 2017 Toyota Tundra for these driver ages.

For the 30 trim levels available for the 2017 Chevrolet Silverado, the cheapest trim to insure is the LS Regular Cab 4WD trim at an average cost of $1,822 per year, or about $152 per month. Out of the 26 trims available for the Toyota Tundra, the cheapest 2017 trim to insure is the Double Cab SR 4WD trim at a cost of $1,666 per year, or $139 per month.

When comparing car insurance rates for both models by trim level, the cheapest model and trim level to insure is the Toyota Tundra Double Cab SR 4WD at an average rate of $1,666 per year. The most expensive vehicle to insure is the Chevrolet Silverado High Country Crew Cab 2WD costing $2,200 per year.

The tables shown below display the expected annual car insurance cost by trim level for both 2017 models, along with an average cost for each model. The 2017 Toyota Tundra has cheaper average auto insurance rates than the 2017 Chevrolet Silverado.

2016 Chevrolet Silverado vs. Toyota Tundra

For the 2016 Chevrolet Silverado and Toyota Tundra models, the Toyota Tundra has cheaper car insurance rates by an average of $50 per year.

The chart below demonstrates the average cost to insure both models using drivers aged 20 to 50. Average car insurance cost ranges from $1,706 to $3,874 per year for a 2016 Chevrolet Silverado, and $1,662 to $3,764 for a 2016 Toyota Tundra for the driver ages used.

For the 30 trims available for the 2016 Chevrolet Silverado, the cheapest trim level to insure is the LS Regular Cab 4WD trim at an average cost of $1,758 per year, or around $147 per month. The 2016 Toyota Tundra has 25 trims available, with the cheapest model to insure being the Regular Cab 4WD trim at an average cost of $1,732 per year, or $144 per month.

When comparing aggregated rates for both models from a trim-level perspective, the lowest-cost model and trim level to insure is the Toyota Tundra Regular Cab 4WD at an average cost of $1,732 per year. The most expensive trim is the Chevrolet Silverado High Country Crew Cab 2WD at a cost of $2,094 per year.

The two tables below display the cost to insure the available trim levels for both 2016 models, including the average rate for each model. The cheapest model to insure for the 2016 model year is the Toyota Tundra.

2015 Chevrolet Silverado vs. Toyota Tundra

When comparing insurance rates for the 2015 Chevrolet Silverado and Toyota Tundra models, the Toyota Tundra has cheaper rates by an average of $74 per year for 2015.

The next chart displays the average cost to insure both models for the 20 to 50-year-old driver age groups. The average cost of car insurance ranges from $1,590 to $3,582 per year for a 2015 Chevrolet Silverado, and $1,518 to $3,432 for a 2015 Toyota Tundra for these driver ages.

For the 25 trims available for the 2015 Chevrolet Silverado, the cheapest model to insure is the LS Regular Cab 4WD trim at an average cost of $1,564 per year, or about $130 per month. For the 25 trims available for the Toyota Tundra, the cheapest 2015 trim level to insure is the Double Cab SR 2WD model at a cost of $1,578 per year, or about $132 per month.

When auto insurance rates for all 50 trim levels for both vehicles are compared, the lowest-cost model and trim to insure is the Chevrolet Silverado LS Regular Cab 4WD at an average rate of $1,564 per year. The most expensive vehicle to insure is the Chevrolet Silverado High Country Crew Cab 2WD at a cost of $2,004 per year.

The next two rate tables show all the available trims for both 2015 models, along with the average rate for each model. The winner for the 2015 car insurance cost comparison is the Toyota Tundra.

Additional Chevrolet Silverado and Toyota Tundra Resources

• Chevrolet Silverado Insurance Rates
• Toyota Tundra Insurance Rates
• Large Truck Insurance Rate Comparisons