- Chevy Silverado insurance cost averages $1,626 per year, or about $136 per month for a policy with full coverage.
- The cheapest Silverado insurance is on the WT Regular Cab 4WD trim level, costing an average of $1,436 per year. At the high end, the Silverado High Country Crew Cab 4WD is the most expensive to insure at $1,780 for an annual policy.
- Insuring a used Chevrolet Silverado instead of a new 2022 model may save $458 or more each year.
- The 2022 Chevrolet Silverado is one of the cheaper large trucks to insure, costing $18 less per year on average as compared to other full-size trucks.
How much does Chevy Silverado insurance cost?
Chevy Silverado insurance costs an average of $1,626 a year, or about $136 if paid each month. Expect to pay about $18 less per year to insure a Silverado compared to the large half-ton truck average rate of $1,644, depending on the trim level.
The chart below illustrates how average 2022 Chevy Silverado insurance cost fluctuates with differences in driver age and the chosen policy deductibles.
To understand how variable the cost of car insurance is, keep in mind that a Silverado insurance policy with only liability coverage in the cheapest areas of Vermont or Ohio can be as low as $243 a year.
For comparison sakes, the same model year of Chevy Silverado driven by a teenager with a few accidents and driving violations in Philadelphia, PA, could receive a car insurance bill for $13,644 a year for a policy with full coverage.
What is the cheapest Silverado insurance?
The cheapest Chevrolet Silverado insurance rates can be found on the WT Regular Cab 4WD at an average of $1,436 per year, or about $120 per month. The second cheapest model is the WT Double Cab 4WD at $1,494 per year, and the third cheapest trim level to insure is the WT Regular Cab 2WD at $1,500 per year.
On the opposite end of the cost spectrum, the three highest cost Silverado trim levels to insure are the Chevrolet Silverado LTZ Crew Cab 4WD, the LT Crew Cab 2WD, and the High Country Crew Cab 4WD trim levels at $1,732, $1,756, and $1,780 per year, respectively.

In general, as the invoice price goes up with additional add-ons and options, the price of insurance also goes up. The Silverado is no exception to this rule, as the high cost trims generally have the most expensive insurance rates.
The next table shows average car insurance rates for a 2022 Silverado, including a monthly budget amount, for each available trim level.
Chevrolet Silverado Trim Level | Annual Policy | 6-month Policy | Per Month |
---|---|---|---|
WT Regular Cab 4WD | $1,436 | $718 | $120 |
WT Double Cab 4WD | $1,494 | $747 | $125 |
WT Regular Cab 2WD | $1,500 | $750 | $125 |
WT Crew Cab 4WD | $1,542 | $771 | $129 |
Custom Double Cab 4WD | $1,556 | $778 | $130 |
WT Double Cab 2WD | $1,568 | $784 | $131 |
Custom Crew Cab 4WD | $1,600 | $800 | $133 |
LT Double Cab 4WD | $1,614 | $807 | $135 |
Trail Boss Custom Crew Cab 4WD | $1,628 | $814 | $136 |
WT Crew Cab 2WD | $1,630 | $815 | $136 |
RST Double Cab 4WD | $1,632 | $816 | $136 |
Custom Double Cab 2WD | $1,644 | $822 | $137 |
LT Crew Cab 4WD | $1,656 | $828 | $138 |
RST Crew Cab 4WD | $1,690 | $845 | $141 |
LT Double Cab 2WD | $1,712 | $856 | $143 |
Trail Boss LT Crew Cab 4WD | $1,722 | $861 | $144 |
LTZ Crew Cab 4WD | $1,732 | $866 | $144 |
LT Crew Cab 2WD | $1,756 | $878 | $146 |
High Country Crew Cab 4WD | $1,780 | $890 | $148 |
How much is insurance on a used Silverado pickup?
Insuring a 2013 Silverado instead of a new 2022 model could reduce insurance cost by $458 or more each year. A 2016 Silverado would save around $204, and a 2019 model could save $82 per year.
The next table shows average Chevrolet Silverado insurance for a range of model years and driver ages. Average policy cost ranges from a minimum value of $1,048 for a 60-year-old driver rated on a 2013 Chevrolet Silverado, to the most expensive cost of $3,256 for a 20-year-old driving a 2022 model.
Model Year | Driver Age 20 | Age 30 | Age 40 | Age 50 | Age 60 |
---|---|---|---|---|---|
2022 | $3,256 | $1,708 | $1,626 | $1,482 | $1,458 |
2021 | $3,244 | $1,698 | $1,618 | $1,476 | $1,450 |
2020 | $3,190 | $1,666 | $1,588 | $1,450 | $1,426 |
2019 | $3,094 | $1,616 | $1,544 | $1,406 | $1,384 |
2018 | $2,994 | $1,560 | $1,492 | $1,364 | $1,340 |
2017 | $2,898 | $1,506 | $1,444 | $1,320 | $1,296 |
2016 | $2,856 | $1,484 | $1,422 | $1,302 | $1,276 |
2015 | $2,684 | $1,392 | $1,344 | $1,228 | $1,204 |
2014 | $2,522 | $1,310 | $1,264 | $1,154 | $1,134 |
2013 | $2,316 | $1,202 | $1,168 | $1,070 | $1,048 |
When should I insure my Silverado for just liability?
The point at which you insure your Silverado for liability insurance only is purely a personal decision. There is a general guideline that when the cost of comprehensive and collision insurance costs more than 10% of the vehicle value, it’s time to start thinking about removing it.
The table below shows average liability-only insurance cost for Chevy Silverado 1500 models from 1995 through 2012. We split out the cost of full coverage and liability-only coverage in order to show the cost difference.
Vehicle Model Year | Full Coverage Insurance | Liability Insurance |
---|---|---|
2012 Chevrolet Silverado | $1,136 | $600 |
2011 Chevrolet Silverado | $1,104 | $596 |
2010 Chevrolet Silverado | $1,062 | $590 |
2009 Chevrolet Silverado | $1,028 | $586 |
2008 Chevrolet Silverado | $988 | $580 |
2007 Chevrolet Silverado | $948 | $572 |
2006 Chevrolet Silverado | $912 | $562 |
2005 Chevrolet Silverado | $898 | $556 |
2004 Chevrolet Silverado | $882 | $552 |
2003 Chevrolet Silverado | $858 | $548 |
2002 Chevrolet Silverado | $838 | $542 |
2001 Chevrolet Silverado | $821 | $531 |
2000 Chevrolet Silverado | $805 | $521 |
1999 Chevrolet Silverado | $789 | $510 |
1998 Chevrolet Silverado | $773 | $500 |
1997 Chevrolet Silverado | $757 | $490 |
1996 Chevrolet Silverado | $742 | $480 |
1995 Chevrolet Silverado | $727 | $471 |
Does Silverado insurance cost more than other trucks?
When compared to other full-size half-ton pickups, Chevrolet Silverado 1500 car insurance costs $164 more per year than the Ford F150, is $100 less than the Ram Truck, and costs $82 more than the GMC Sierra 1500.

The Chevrolet Silverado ranks #4 out of seven total comparison vehicles in the full-size half ton truck class. The Silverado costs an average of $1,626 per year to insure for full coverage, while the segment average rate is $1,644 annually, a difference of $18 per year.
The chart below highlights where the Silverado ranks in comparison to the other pickups in a head-to-head insurance cost comparison.
Can my address affect my car insurance rates?
Depending on where you live, the insurance cost for a Silverado spans a large price range, from cheaper premiums like $1,168 a year in Charlotte, NC, or $1,100 in Virginia Beach, VA, to high rates like $2,722 a year in Las Vegas, NV, and $3,164 in Miami, FL.
Chevy Silverado car insurance rates in some other areas include San Francisco, CA, at $2,334 per year, Tucson, AZ, at an estimated $1,588, Colorado Springs, CO, averaging $1,976, and Kansas City, MO, at $2,064.
The chart data below ranks average auto insurance rate data for a 2022 Chevy Silverado for the largest cities in America. Prices range from $1,232 per year in Columbus, OH, to $3,092 for full coverage car insurance in New York City, a difference of $1,860.
How much is Silverado insurance in my state?
When evaluating Chevrolet Silverado insurance cost at the state level, states like Idaho ($1,294), Iowa ($1,182), and Maine ($1,132) have better insurance rates, while states like Louisiana ($2,372), Michigan ($2,608), and Florida ($2,392) have more expensive insurance rates.
Prices in most states do not really fall too far from the median, with states like South Carolina, Colorado, and Oregon included in this group with average rates of $1,508, $1,746, and $1,372 per year, respectively.
U.S. State | Annual Cost | 6-month Cost | Monthly Cost |
---|---|---|---|
Alabama | $1,334 | $667 | $111 |
Alaska | $1,436 | $718 | $120 |
Arizona | $1,458 | $729 | $122 |
Arkansas | $1,752 | $876 | $146 |
California | $1,878 | $939 | $157 |
Colorado | $1,746 | $873 | $146 |
Connecticut | $1,588 | $794 | $132 |
Delaware | $1,664 | $832 | $139 |
Florida | $2,392 | $1,196 | $199 |
Georgia | $1,584 | $792 | $132 |
Hawaii | $1,112 | $556 | $93 |
Idaho | $1,294 | $647 | $108 |
Illinois | $1,322 | $661 | $110 |
Indiana | $1,224 | $612 | $102 |
Iowa | $1,182 | $591 | $99 |
Kansas | $1,646 | $823 | $137 |
Kentucky | $1,904 | $952 | $159 |
Louisiana | $2,372 | $1,186 | $198 |
Maine | $1,132 | $566 | $94 |
Maryland | $1,480 | $740 | $123 |
Massachusetts | $1,340 | $670 | $112 |
Michigan | $2,608 | $1,304 | $217 |
Minnesota | $1,440 | $720 | $120 |
Mississippi | $1,546 | $773 | $129 |
Missouri | $1,738 | $869 | $145 |
Montana | $1,596 | $798 | $133 |
Nebraska | $1,564 | $782 | $130 |
Nevada | $1,794 | $897 | $150 |
New Hampshire | $988 | $494 | $82 |
New Jersey | $1,546 | $773 | $129 |
New Mexico | $1,308 | $654 | $109 |
New York | $1,744 | $872 | $145 |
North Carolina | $1,038 | $519 | $87 |
North Dakota | $1,364 | $682 | $114 |
Ohio | $954 | $477 | $80 |
Oklahoma | $1,594 | $797 | $133 |
Oregon | $1,372 | $686 | $114 |
Pennsylvania | $1,376 | $688 | $115 |
Rhode Island | $1,928 | $964 | $161 |
South Carolina | $1,508 | $754 | $126 |
South Dakota | $1,482 | $741 | $124 |
Tennessee | $1,294 | $647 | $108 |
Texas | $1,542 | $771 | $129 |
Utah | $1,354 | $677 | $113 |
Vermont | $1,088 | $544 | $91 |
Virginia | $1,054 | $527 | $88 |
Washington | $1,244 | $622 | $104 |
West Virginia | $1,472 | $736 | $123 |
Wisconsin | $1,112 | $556 | $93 |
Wyoming | $1,504 | $752 | $125 |
If that’s not enough rate data, we threw in a few more little nuggets of information just in case:
- Increasing deductibles makes car insurance cheaper. Raising deductibles from $500 to $1,000 could save around $242 per year for a 40-year-old driver and $478 per year for a 20-year-old driver.
- Low physical damage deductibles may be wasting money. Decreasing your deductibles from $500 to $250 could cost an additional $254 per year for a 40-year-old driver and $506 per year for a 20-year-old driver.
- Earn a discount from your choice of occupation. Many car insurance companies offer policy discounts for earning a living in occupations like doctors, architects, nurses, high school and elementary teachers, college professors, members of the military, and other occupations. If your profession qualifies you for this discount, you may save between $49 and $158 on your yearly Silverado insurance cost, depending on your policy.
- Rated driver gender affects the rate you pay. For a 2022 Chevrolet Silverado, a 20-year-old man will have an average rate of $3,256 per year, while a 20-year-old female will get a rate of $2,404, a difference of $852 per year. Women get significantly cheaper rates. But by age 50, the rate for men is $1,482 and the female rate is $1,454, a difference of only $28.
- It’s expensive to buy high risk insurance. For a 50-year-old driver, having to buy high-risk car insurance for a Chevy Silverado due to accidents and/or violations could raise rates by $1,954 or more per year.
- Excellent credit scores get the best rates. In states that have regulations allowing a driver’s personal credit information to be used as an auto insurance rate factor, drivers who have credit scores over 800 could experience savings as high as $255 per year over a lower credit rating of 670-739. Conversely, a credit rating below 579 could cost up to $296 more per year.
- Avoid driving violations to reduce rates. To pay the most affordable Silverado insurance rates, it’s necessary to drive safe. As few as two minor driving offenses could possibly increase Silverado insurance cost by as much as $436 per year.
- Older drivers pay less than younger drivers. The difference in insurance rates for a Silverado between a 50-year-old driver ($1,482 per year) and a 30-year-old driver ($1,708 per year) is $226, or a savings of 13.2%.