Chevy Silverado 3500 HD Car Insurance Rates for 2023

Is car insurance for a Chevrolet Silverado HD 3500 expensive?

We compared average rates for the WT Regular Cab 2WD trim up to the top level High Country Crew Cab 4WD model to discover how insurance on the Silverado HD 3500 compares to other heavy duty trucks.

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  • Chevrolet Silverado 3500HD insurance costs an average of $1,940 per year, $970 for a 6-month policy, or around $162 per month.
  • Out of 10 models in the 2023 heavy duty truck segment, the Silverado HD 3500 ranks fourth for insurance cost.
  • The cheapest trim level to insure is the WT Regular Cab 2WD at $1,684 per year, or about $140 per month.

How much does Chevy Silverado 3500 HD insurance cost?

Ranked fourth out of 10 vehicles in the heavy duty truck class, Silverado HD 3500 insurance rates average $1,940 annually, or $162 monthly. With the average heavy duty truck costing $2,027 a year to insure, the Chevrolet Silverado HD 3500 would save around $87 or more each year.

The chart below demonstrates how Chevrolet Silverado 3500HD car insurance prices change based on the age of the driver and the policy deductibles.

The rates shown are per year, and range from the cheapest rate of $1,480 per year for a driver age 60 with high physical damage deductibles to the highest rate of $4,462 each year for a driver age 20 with $250 comprehensive and collision deductibles.

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Chart Data Details: Chart shows average insurance cost for a 2023 Chevrolet Silverado HD 3500 with safe driver and claim-free discounts applied. Rates are for full-coverage insurance and averaged for all U.S. states and all Chevrolet Silverado HD 3500 trim levels.Data last updated on December 30, 2022
Chevrolet Silverado HD 3500 Car Insurance Rates
2023 Chevrolet Silverado HD 3500 Insurance Cost by Driver Age and Deductibles
Driver Age Deductible Annual Cost Monthly Cost
20$1,000$3,294$275
$500$3,862$322
$250$4,462$372
30$1,000$1,720$143
$500$2,038$170
$250$2,368$197
40$1,000$1,648$137
$500$1,940$162
$250$2,240$187
50$1,000$1,506$126
$500$1,768$147
$250$2,040$170
60$1,000$1,480$123
$500$1,736$145
$250$2,004$167

The data below illustrates average insurance rates for a Chevy Silverado 3500HD from the 2013 to the 2023 model years for five different age groups.

Chevrolet Silverado HD 3500 Insurance Cost by Model Year
Model Year and Vehicle Driver Age 20 Driver Age 40 Driver Age 60
2023 Chevrolet Silverado HD 3500$3,862$1,940$1,736
2022 Chevrolet Silverado HD 3500$3,598$1,804$1,616
2021 Chevrolet Silverado HD 3500$3,648$1,822$1,634
2020 Chevrolet Silverado HD 3500$3,604$1,798$1,614
2019 Chevrolet Silverado HD 3500$3,522$1,748$1,568
2018 Chevrolet Silverado HD 3500$3,436$1,706$1,530
2017 Chevrolet Silverado HD 3500$3,306$1,642$1,472
2016 Chevrolet Silverado HD 3500$3,406$1,690$1,520
2015 Chevrolet Silverado HD 3500$3,090$1,540$1,384
2014 Chevrolet Silverado HD 3500$2,776$1,392$1,246
2013 Chevrolet Silverado HD 3500$3,098$1,554$1,396

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Table Data Details: Average rates for each driver age group are for a 12-month period and assume a clean driving record and no at-fault accidents. Full coverage physical damage deductibles are $500 and rates are averaged for all U.S. states.Data last updated on December 29, 2022
Chevrolet Silverado HD 3500 Insurance Cost by Model Year

The next table details average insurance rates for both annual and 6-month policy terms, plus a monthly budget amount, for each 2023 Silverado 3500HD package and trim level.

2023 Chevrolet Silverado HD 3500 Insurance Cost by Trim Level
Chevrolet Silverado HD 3500 Trim Level Annual Policy Six-Month Policy Per Month
WT Regular Cab 2WD$1,684$842$140
WT Double Cab 2WD$1,726$863$144
WT Crew Cab 2WD$1,752$876$146
LT Regular Cab 2WD$1,866$933$156
LT Double Cab 2WD$1,888$944$157
LT Crew Cab 2WD$1,898$949$158
WT Regular Cab 4WD$1,902$951$159
WT Double Cab 4WD$1,936$968$161
LTZ Crew Cab 2WD$1,956$978$163
WT Crew Cab 4WD$1,960$980$163
LT Regular Cab 4WD$2,062$1,031$172
LT Double Cab 4WD$2,078$1,039$173
LT Crew Cab 4WD$2,094$1,047$175
LTZ Crew Cab 4WD$2,146$1,073$179
High Country Crew Cab 4WD$2,146$1,073$179

Get Rates in Your AreaWhy is this important?

Table Data Details: Average rates are for a 2023 Chevrolet Silverado HD 3500, 40-year-old married male driver with a clean driving record and no at-fault accidents. Safe driver and claim-free discounts are applied to policy premium. Physical damage deductibles are $500 and rates are averaged for all U.S. states.Data last updated on February 5, 2023
Chevrolet Silverado HD 3500 Insurance Cost by Trim Level

Supplementary rates and insights

Some other noteworthy insights about Chevrolet Silverado HD 3500 insurance rates include:

  • Bring up your credit score and save. Having a good credit rating over 800 could save up to $305 per year compared to a credit score ranging from 670-739. Conversely, a subpar credit score could cost around $353 more per year.
  • Driver gender affects car insurance rates. For a 2023 Chevrolet Silverado HD 3500, a 20-year-old male receives an average rate of $3,862 per year, while a 20-year-old female will pay $2,868, a difference of $994 per year in the women’s favor by a large margin. But by age 50, male driver rates are $1,768 and the cost for female drivers is $1,732, a difference of only $36.
  • Chevrolet Silverado 3500HD insurance for teen drivers is expensive. Average rates for full coverage Silverado HD 3500 insurance costs $7,042 per year for a 16-year-old driver, $6,564 per year for a 17-year-old driver, $6,122 per year for an 18-year-old driver, and $5,524 per year for a 19-year-old driver.
  • Car insurance is cheaper with higher deductibles. Raising your physical damage coverage deductibles from $500 to $1,000 could save around $292 per year for a 40-year-old driver and $568 per year for a 20-year-old driver.
  • Low physical damage deductibles increase policy cost. Decreasing your deductibles from $500 to $250 could cost an additional $300 per year for a 40-year-old driver and $600 per year for a 20-year-old driver.
  • Getting older means more affordable car insurance rates. The difference in Chevrolet Silverado HD 3500 insurance cost between a 60-year-old driver ($1,736 per year) and a 30-year-old driver ($2,038 per year) is $302, or a savings of 16%.
  • Qualify for policy discounts to save money. Discounts may be available if the insureds are accident-free, are good students, are homeowners, are military or federal employees, or many other policy discounts which could save the average driver as much as $334 per year on their insurance cost.
  • A clean driving record saves money. To get the most affordable Silverado HD 3500 insurance rates, it pays to obey traffic laws. As a matter of fact, just one or two minor infractions on your driving record could result in spiking rates as much as $514 per year.

How does Silverado 3500HD insurance cost rank?

The Chevy Silverado HD 3500 ranks fourth out of 10 total comparison vehicles in the heavy duty truck segment for most affordable car insurance rates. The Silverado HD 3500 costs an average of $1,940 per year for full coverage insurance and the category average price is $2,027 annually, a difference of $87 per year.

When average rates are compared to random models in the heavy duty truck segment, car insurance prices for a Chevrolet Silverado HD 3500 cost $4 more per year than the Chevrolet Silverado HD 2500, $192 less than the Ford F250 Super Duty, and $168 less than the Ford F350 Super Duty.

The chart displayed below shows how Chevrolet Silverado 3500HD car insurance rates compare to the top 10 best-selling heavy duty trucks like the GMC Sierra 2500 HD, GMC Sierra 3500, and the Ram Truck 2500.

Get Rates in Your AreaWhy is this important?

Chart Data Details: Average rates are for a 2023 model year Chevrolet Silverado HD 3500, 40-year-old married male driver with a clean driving record and no at-fault accidents. Safe driver and claim-free discounts are applied to policy premium, which is averaged for all Chevrolet Silverado HD 3500 trim levels. Physical damage deductibles are $500 and rates are averaged for all U.S. states.Data last updated on December 30, 2022
Chevrolet Silverado HD 3500 vs Heavy Duty Trucks Insurance Cost Comparison
Chevrolet Silverado HD 3500 Insurance Cost Compared to All Heavy Duty Trucks
Rank Make/Model Insurance Cost Difference
1GMC Sierra 2500 HD$1,804-$136
2GMC Sierra 3500$1,866-$74
3Chevrolet Silverado HD 2500$1,936-$4
4Chevrolet Silverado HD 3500$1,940--
5Nissan Titan XD$1,970$30
6Ram Truck 2500$2,002$62
7Ford F350 Super Duty$2,108$168
8Ford F250 Super Duty$2,132$192
9Ram Truck 3500$2,158$218
10Ford F450 Super Duty$2,358$418