Chevy Silverado Insurance Cost for 2022

How much does Silverado insurance cost? We compared average rates from the base Work Truck model up to the High Country trim level to find out how prices compared to other full-size pickup trucks.

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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.

Get Rates in Your AreaWhy is this important?

Chart Data Details: Chart shows average insurance cost for a 2022 Chevrolet Silverado 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 trim levels.Data last updated on May 19, 2022
Chevy Silverado Insurance Cost Summary
Chevrolet Silverado Insurance Cost by Driver Age and Deductibles
Driver Age Deductible Annual Cost Monthly Cost
20$1,000$2,778$232
$500$3,256$271
$250$3,762$314
30$1,000$1,442$120
$500$1,708$142
$250$1,984$165
40$1,000$1,384$115
$500$1,626$136
$250$1,880$157
50$1,000$1,264$105
$500$1,482$124
$250$1,712$143
60$1,000$1,244$104
$500$1,458$122
$250$1,684$140

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.

2021 Chevy Silverado 1500 High Country
High Country chrome emblem on passenger side front fender of 2021 Chevy Silverado 1500

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.

2022 Chevrolet Silverado Insurance Cost by 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

Get Rates in Your AreaWhy is this important?

Table Data Details: Average rates are for a 2022 Chevrolet Silverado, 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 May 19, 2022
Chevrolet Silverado Insurance Cost by Trim Level

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.

Chevrolet Silverado Insurance Cost for 2013-2022 Models
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

Get Rates in Your AreaWhy is this important?

Table Data Details: Average rates assume 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 February 20, 2022
Chevrolet Silverado Insurance Cost by Model Year

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.

Chevrolet Silverado Insurance Rates for 1995 to 2012 Model Years
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

Get Rates in Your AreaWhy is this important?

Table Data Details: Average insurance rates for each Chevrolet Silverado model year assume a 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 premium amounts. Full coverage physical damage deductibles are $500 and rates are averaged for all U.S. states.Data last updated on February 20, 2022
Chevy Silverado Insurance Rates for 1995 to 2012 Model Years

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.

2020 Chevrolet Silverado 1500 Trail Boss 4WD Crew Cab
Photo of Trail Boss emblem on side of 2020 Chevrolet Silverado 1500 box side

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.

Get Rates in Your AreaWhy is this important?

Chart Data Details: Average rates are for a 2022 model year Chevrolet Silverado, 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 trim levels. Physical damage deductibles are $500 and rates are averaged for all U.S. states.Data last updated on May 19, 2022
Chevrolet Silverado vs Large Trucks Insurance Rate Comparison
Chevrolet Silverado Insurance Cost Compared to All Large Trucks
Rank Make/Model Insurance Cost Difference
1Ford F150$1,462-$164
2GMC Sierra$1,544-$82
3Nissan Titan$1,598-$28
4Chevrolet Silverado$1,626--
5Toyota Tundra$1,628$2
6Ram Truck$1,726$100
7GMC Hummer EV Pickup$1,926$300

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.

Get Rates in Your AreaWhy is this important?

Chart Data Details: Chart shows average car insurance rates for a 2022 Chevrolet Silverado, 40-year-old married male driver with safe driver and claim-free discounts applied. Physical damage deductibles are $500 and rates are the average for all Chevrolet Silverado trim levels.Data last updated on February 20, 2022
Chevrolet Silverado Insurance Rates in Large U.S. Cities
Chevrolet Silverado Insurance Rates by Location
City/State Annual Rate Monthly Rate
New York, NY$3,092$258
Philadelphia, PA$2,732$228
Los Angeles, CA$2,714$226
San Francisco, CA$2,334$195
Jacksonville, FL$2,322$194
San Jose, CA$1,934$161
Phoenix, AZ$1,880$157
San Diego, CA$1,842$154
Chicago, IL$1,780$148
Dallas, TX$1,748$146
Houston, TX$1,740$145
Indianapolis, IN$1,646$137
San Antonio, TX$1,570$131
Austin, TX$1,488$124
Columbus, OH$1,232$103

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.

Chevrolet Silverado Insurance Cost by U.S. State
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

Get Rates in Your AreaWhy is this important?

Table Data Details: Average rates are for a 2022 Chevrolet Silverado, 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 trim levels. Physical damage deductibles are $500 and rates are averaged for all zip codes in each state.Data last updated on February 20, 2022
Chevrolet Silverado insurance rates by U.S. state

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%.