Ram 1500 vs Chevy Silverado Insurance Cost

• A 2024 Chevrolet Silverado has cheaper overall car insurance rates than a 2024 Ram Truck by an average of $98 per year, $2,196 compared to $2,098.
• For a 2024 Ram Truck, average full-coverage car insurance rates range from $1,940 to $2,402 per year, while car insurance for a 2024 Chevrolet Silverado ranges from $1,778 to $2,486 for full-coverage.
• Out of seven models in the 2024 large truck segment, the Ram Truck ranks sixth and the Chevrolet Silverado ranks third for overall car insurance affordability.

Is car insurance cheaper for a Ram 1500 or Chevy Silverado?

For the 2024 model year, the one with the cheapest average auto insurance rates is the Chevrolet Silverado. Insurance on a Ram Truck costs an average of $2,196 per year, and insurance for a Chevrolet Silverado costs an average of $2,098 per year.

Out of 14 trims for the 2024 Ram Truck, the cheapest insurance rates are on the Tradesman Crew Cab 4WD model at a cost of $1,940 per year, or about $162 per month. Out of the 27 trim levels available for the Chevrolet Silverado, the cheapest 2024 model to insure is the EV WT trim at a cost of $1,778 per year, or around $148 per month.

When rates for all 41 trim levels for both vehicles are compared, the lowest-cost model and trim level is the Chevrolet Silverado EV WT at a cost of $1,778 per year. The most expensive model and trim level is the Chevrolet Silverado EV RST First Edition at an average of $2,486 per year.

The rate table below ranks the annual and monthly car insurance cost for 2024 Ram Truck and Chevrolet Silverado models, with average rates for each trim level.

The next chart displays the average cost to insure the two models for different driver ages. For a 2024 Ram Truck, the average cost of car insurance ranges from $1,946 to $4,426 per year for the illustrated age groups. A 2024 Chevrolet Silverado costs from $1,866 to $4,264 to insure per year.

The next tables illustrate the cost to insure the available trim levels for both 2024 models, as well as the overall average rate for each model. The model with the cheapest average car insurance rates for 2024 is the Chevrolet Silverado.

2023 Ram Truck vs. Chevrolet Silverado

For 2023, the cheaper model to insure on average is the Ram Truck. Insurance rates for the Ram Truck average $2,016 per year, whereas insurance for the Chevrolet Silverado averages $2,016 per year.

Out of 20 trim levels for the 2023 Ram Truck, the cheapest average car insurance prices are on the Tradesman Quad Cab 4WD model at a cost of $1,788 per year.

Out of the 20 trim levels available for the Chevrolet Silverado, the cheapest 2023 model to insure is the WT Regular Cab 4WD trim at a cost of $1,804 per year, or about $150 per month.

When average car insurance prices for all 40 trim levels for both vehicles are compared, the most affordable model and trim level to insure is the Ram Truck Tradesman Quad Cab 4WD at an average rate of $1,788 per year, and the overall most expensive vehicle to insure is the Chevrolet Silverado ZR2 Crew Cab 4WD costing $2,236 per year.

For pre-2023 models, national average auto insurance premiums for a Truck and a Silverado compare as shown in the list below. Click any model year for complete cost comparisons.

• 2022 Model Year Comparison – With the Ram 1500 averaging $1,978 per year to insure and the Silverado costing $1,862 per year, the Chevrolet Silverado is cheaper by $116 per year for this model year.
• 2021 Model Year Comparison – For this model year, the Truck averages $1,830 per year for full-coverage insurance and the Silverado averages $1,864 per year. The more affordable model is the Ram Truck by $34 per year.
• 2020 Model Year Comparison – Averaging $44 less per year, the Ram Truck has more affordable insurance rates than the Chevrolet Silverado.
• 2019 Model Year Comparison – For this model year, the Truck costs $1,714 per year to insure and the Silverado costs $1,724, therefore the Ram Truck is the model having better rates by $10 per year.
• 2018 Model Year Comparison – Costing an average of $2 less per year, the Chevrolet Silverado has better rates than the Ram Truck.
• 2017 Model Year Comparison – At an average savings of $36 per year, the Chevrolet Silverado costs less to insure than the Ram Truck for this model year.
• 2016 Model Year Comparison – Costing $12 less per year, the Chevrolet Silverado has better insurance rates between the 2016 Truck and Silverado models.
• 2015 Model Year Comparison – For this model year, the Truck costs an average of $1,418 per year to insure and the Silverado costs $1,400 per year. The cheaper model for 2015 is the Chevrolet Silverado by $18 per year.

The next table ranks the annual and monthly car insurance cost for 2023 Ram Truck and Chevrolet Silverado models, with average rates for every trim level for each model.

The next chart visualizes the average cost to insure both models rated for different driver ages. Average insurance cost ranges from $1,790 to $4,054 per year for a 2023 Ram Truck, and $1,794 to $4,102 for a 2023 Chevrolet Silverado for the driver ages used.

The two tables below illustrate average car insurance cost by trim level for a 2023 Ram Truck and Chevrolet Silverado, as well as the overall average rate for each model. The winner for the 2023 car insurance rate comparison is the Ram Truck.

2022 Ram Truck vs. Chevrolet Silverado

Car insurance rates for a 2022 Ram Truck cost an average of $1,978 per year, while insurance for a Chevrolet Silverado costs an average of $1,862 per year, making the Chevrolet Silverado the winner with cheaper average insurance rates.

Auto insurance cost varies significantly depending on the vehicle trim level, however.

For a 2022 Ram Truck, insurance rates range from $1,726 per year for the Tradesman Regular Cab 4WD model up to $2,234 for the Limited Crew Cab 2WD model.

For a 2022 Chevrolet Silverado, rates range from $1,642 per year for the WT Regular Cab 4WD model up to $2,038 for the High Country Crew Cab 4WD model.

When comparing both models at a trim-level basis, the cheapest model and trim level is the Chevrolet Silverado WT Regular Cab 4WD at an average cost of $1,642 per year. The highest-cost model and trim level is the Ram Truck Limited Crew Cab 2WD costing an average of $2,234 per year.

For a 2022 Ram Truck, the cheapest models are the Tradesman Regular Cab 4WD, Express Regular Cab 4WD, and Tradesman Quad Cab 4WD. The cheapest Chevrolet Silverado models include the WT Regular Cab 4WD, WT Double Cab 4WD, and WT Regular Cab 2WD. Insurance rates for all 2022 Ram Truck and Chevrolet Silverado trim levels range from $137 to $186 per month.

The table shown below compares and ranks the 12-month and monthly car insurance cost for 2022 Ram Truck and Chevrolet Silverado models, broken down by trim level.

The bar chart below compares average Ram 1500 insurance rates to Chevy Silverado insurance rates for the 2022 model year and for different rated driver ages.

How does insurance cost for a 2022 Ram Truck compare to a Chevrolet Silverado?

• Insurance cost in the chart above ranges from $1,758 to $3,986 per year for the Ram Truck and $1,652 to $3,798 per year for the Chevrolet Silverado.
• A 20-year-old driver pays an average of $188 more to insure a Ram 1500 than a Chevrolet Silverado.
• A 30-year-old driver pays an average of $126 more to insure a Ram 1500 than a Chevrolet Silverado.
• A 40-year-old driver pays an average of $116 more to insure a Ram 1500 than a Chevrolet Silverado.
• A 50-year-old driver pays an average of $106 more to insure a Ram 1500 than a Chevrolet Silverado.
• A low deductible policy could cost up to $566 more per year for the Ram Truck and $544 for the Chevrolet Silverado.
• A high deductible policy could save as much as $292 per year for the Ram Truck and $280 for the Chevrolet Silverado.
• For an 18-year-old driver, insurance on a Ram Truck costs an average of $6,126 per year and Chevrolet Silverado insurance costs an average of $5,862 per year, a difference of $264 per year.

The tables below detail insurance rates for all trim levels of 2022 Truck and Silverado models. The 2022 Ram Truck has an average insurance cost of $1,978 and the 2022 Chevrolet Silverado is $1,862, making the Chevrolet Silverado cheaper by $116 per year.

2021 Ram 1500 vs Chevrolet Silverado

For the 2021 Ram Truck and Chevrolet Silverado models, the Ram Truck is cheaper to insure by an average of $34 per year for this model year.

The chart shown below demonstrates the average cost to insure both models with different drivers at the wheel. For a 2021 Ram Truck, the average cost of car insurance ranges from $1,630 to $3,700 per year. A 2021 Chevrolet Silverado costs from $1,656 to $3,796 to insure per year.

The 2021 Ram Truck has 35 trims available, with the cheapest trim to insure being the Classic Regular Cab ST 4WD trim at an average cost of $1,496 per year. The 2021 Chevrolet Silverado has 28 trims available, with the cheapest trim level to insure being the WT Regular Cab 4WD trim at an average cost of $1,642 per year, or about $137 per month.

When comparing aggregated rates for both models from a trim-level perspective, the lowest-cost model and trim to insure is the Ram Truck Classic Regular Cab ST 4WD at a cost of $1,496 per year, and the most expensive vehicle to insure is the Ram Truck Crew Cab Longhorn 2WD at an average of $2,120 per year.

The next two tables illustrate average car insurance rates for each trim level, as well as an average rate for each model. The cheapest to insure for the 2021 model year is the Ram Truck.

2020 Ram 1500 vs Chevrolet Silverado

When comparing insurance rates for 2020 models, the Ram Truck costs an average of $1,766 per year to insure and the Chevrolet Silverado costs $1,810, making the Ram Truck the winner by $44.

The next chart illustrates the average cost to insure both 2020 models for drivers aged 20 to 50. For a 2020 Ram Truck, insurance cost ranges from $1,578 to $3,566 per year for the age groups used in the chart. A 2020 Chevrolet Silverado costs from $1,610 to $3,688 to insure per year.

The 2020 Ram Truck has 31 trim levels available, with the cheapest trim to insure being the Classic Regular Cab ST 4WD trim at an average cost of $1,456 per year.

The 2020 Chevrolet Silverado has 28 trims available, with the cheapest trim to insure being the WT Regular Cab 4WD trim at an average cost of $1,596 per year, or $133 per month.

When rates for all 59 trims of both models are combined and sorted by cost, the lowest-cost model and trim level to insure is the Ram Truck Classic Regular Cab ST 4WD at an average cost of $1,456 per year. The overall most expensive vehicle to insure is the Ram Truck Crew Cab Longhorn 2WD at an average cost of $2,062 per year.

The rate tables below display the expected annual car insurance cost by trim level for both 2020 models, including an overall average rate.

2019 Ram 1500 vs Chevrolet Silverado

When comparing car insurance rates for 2019 models, the Ram Truck costs an average of $1,714 per year to insure and the Chevrolet Silverado costs $1,724, making the Ram Truck the winner by $10.

The rate chart below shows the average cost to insure both models using drivers aged 20 to 50. For a 2019 Ram Truck, the average cost of car insurance ranges from $1,532 to $3,472 per year for the illustrated age groups. A 2019 Chevrolet Silverado costs from $1,532 to $3,518 to insure per year.

For the 31 trim levels available for the 2019 Ram Truck, the cheapest trim level to insure is the Classic Regular Cab ST 4WD model at an average cost of $1,412 per year. For the 28 trims available for the Chevrolet Silverado, the cheapest 2019 model to insure is the Double Cab 4WD trim at a cost of $1,610.

When trim-level rates for both models are compared, the lowest-cost model and trim to insure is the Ram Truck Classic Regular Cab ST 4WD at an average rate of $1,412 per year. The most expensive model and trim level is the Ram Truck Crew Cab Longhorn 2WD costing $2,004 per year.

The tables shown below show both 2019 models and all trim levels available for each one, along with the average rate for each model. The cheapest to insure for the 2019 model year is the Ram Truck.

2018 Ram 1500 vs Chevrolet Silverado

For the 2018 Ram Truck and Chevrolet Silverado models, the Chevrolet Silverado has cheaper car insurance cost by an average of $2 per year for this comparison year.

The next chart shows the average cost to insure the two models using a range of rated driver ages. For a 2018 Ram Truck, average car insurance cost ranges from $1,468 to $3,316 per year for the driver ages used. A 2018 Chevrolet Silverado costs from $1,458 to $3,332 to insure per year.

For the 46 trims available for the 2018 Ram Truck, the cheapest model to insure is the Express 4WD model at an average cost of $1,358 per year, or $113 per month. For the 32 trims available for the Chevrolet Silverado, the cheapest 2018 trim to insure is the WT Regular Cab 4WD model at a cost of $1,498.

When comparing both models at a trim-level basis, the cheapest model and trim level to insure is the Ram Truck Express 4WD at a cost of $1,358 per year. The most expensive model and trim level is the Ram Truck Crew Cab Longhorn Limited 2WD at an average of $1,926 per year.

The next two rate tables illustrate all the available trims for both 2018 models, plus the average rate for each model. The model with the cheapest overall car insurance rates for 2018 is the Chevrolet Silverado.

2017 Ram 1500 vs Chevrolet Silverado

For 2017 Ram Truck and Chevrolet Silverado models, the Chevrolet Silverado has cheaper car insurance rates by an average of $36 per year.

The rate chart below demonstrates the average cost to insure the two models with different drivers at the wheel. For a 2017 Ram Truck, insurance cost ranges from $1,432 to $3,232 per year for the illustrated age groups. A 2017 Chevrolet Silverado costs from $1,394 to $3,182 to insure per year.

Out of 75 trim levels for the 2017 Ram Truck, the cheapest average car insurance prices are on the Express 4WD trim at a cost of $1,310 per year, or $109 per month. Out of the 30 trims available for the Chevrolet Silverado, the cheapest 2017 model to insure is the LS Regular Cab 4WD model at a cost of $1,444 per year, or around $120 per month.

When comparing both models at a trim-level basis, the cheapest vehicle to insure is the Ram Truck Express 4WD at an average cost of $1,310 per year. The most expensive model and trim level is the Ram Truck Crew Cab Longhorn Limited 2WD Diesel at a cost of $1,904 per year.

The next tables display average car insurance cost by trim level for each 2017 model, along with the average rate for each model.

2016 Ram 1500 vs Chevrolet Silverado

For the 2016 Ram Truck and Chevrolet Silverado models, the Chevrolet Silverado has cheaper car insurance cost by an average of $12 per year.

The next chart illustrates the average cost to insure both 2016 models for four different driver age groups. The average car insurance cost ranges from $1,368 to $3,072 per year for a 2016 Ram Truck, and $1,352 to $3,064 for a 2016 Chevrolet Silverado for the example age groups.

Out of 73 trims for the 2016 Ram Truck, the cheapest auto insurance rates are on the Express 4WD trim at a cost of $1,382 per year. For the 30 trims available for the Chevrolet Silverado, the cheapest 2016 trim level to insure is the LS Regular Cab 4WD model at a cost of $1,392.

When trim-level rates for both models are compared, the cheapest vehicle to insure is the Ram Truck Express 4WD at an average rate of $1,382 per year. The most expensive vehicle to insure is the Ram Truck Crew Cab Longhorn Limited 2WD at an average cost of $1,686 per year.

The rate tables below show the cost to insure the available trim levels for both 2016 models, including an overall average cost for each model.

2015 Ram 1500 vs Chevrolet Silverado

For the 2015 Ram Truck and Chevrolet Silverado models, the Chevrolet Silverado has cheaper car insurance rates by an average of $18 per year for this model year.

The chart below shows the average cost to insure the two models for drivers from age 20 to 50. For a 2015 Ram Truck, average insurance cost ranges from $1,270 to $2,864 per year for the included age groups. A 2015 Chevrolet Silverado costs from $1,256 to $2,832 to insure per year.

For the 72 trims available for the 2015 Ram Truck, the cheapest model to insure is the Tradesman 4WD trim at an average cost of $1,240 per year. For the 25 trims available for the Chevrolet Silverado, the cheapest 2015 trim level to insure is the LS Regular Cab 4WD model at a cost of $1,240.

When all 97 trims of both models are combined and compared, the cheapest model and trim level to insure is the Ram Truck Tradesman 4WD at a cost of $1,240 per year, and the highest-cost model and trim is the Ram Truck Crew Cab Laramie Longhorn 2WD at an average cost of $1,596 per year.

The next two rate tables show average car insurance cost by trim level for a 2015 Ram Truck and Chevrolet Silverado, as well as the overall average rate for each model. The winner for the 2015 car insurance comparison is the Chevrolet Silverado.

Additional Ram Truck and Chevrolet Silverado Resources

• Ram Truck Insurance Rates
• Chevrolet Silverado Insurance Rates
• Large Truck Insurance Rate Comparisons