- Chevy Silverado insurance cost averages $1,930 per year, or about $161 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 $1,726 per year. At the high end, the Silverado ZR2 Crew Cab 4WD is the most expensive to insure at $2,138 for an annual policy.
- Insuring a used Chevrolet Silverado instead of a new 2023 model may save around $650 or more each year.
- The 2023 Chevrolet Silverado is one of the more expensive large trucks to insure, costing $15 more 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 $1,930 a year, or about $161 if paid each month. Expect to pay about $15 more per year to insure a Silverado compared to the large half-ton truck average rate of $1,915, depending on the trim level.
The chart below illustrates how average 2023 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 $15,178 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 $1,726 per year, or about $144 per month. The second cheapest model is the WT Double Cab 4WD at $1,770 per year, and the third cheapest trim level to insure is the WT Regular Cab 2WD at $1,780 per year.
On the opposite end of the cost spectrum, the three highest cost Silverado trim levels to insure are the Chevrolet Silverado LT Crew Cab 2WD, the High Country Crew Cab 4WD, and the ZR2 Crew Cab 4WD trim levels at $2,074, $2,086, and $2,138 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 2023 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 | $1,726 | $863 | $144 |
WT Double Cab 4WD | $1,770 | $885 | $148 |
WT Regular Cab 2WD | $1,780 | $890 | $148 |
WT Crew Cab 4WD | $1,818 | $909 | $152 |
RST Double Cab 4WD | $1,820 | $910 | $152 |
Custom Double Cab 4WD | $1,846 | $923 | $154 |
WT Double Cab 2WD | $1,868 | $934 | $156 |
Custom Crew Cab 4WD | $1,894 | $947 | $158 |
LT Double Cab 4WD | $1,920 | $960 | $160 |
WT Crew Cab 2WD | $1,924 | $962 | $160 |
Custom Trail Boss 4WD | $1,926 | $963 | $161 |
LT Crew Cab 4WD | $1,954 | $977 | $163 |
Custom Double Cab 2WD | $1,958 | $979 | $163 |
RST Crew Cab 4WD | $1,984 | $992 | $165 |
LT Trail Boss Crew Cab 4WD | $2,006 | $1,003 | $167 |
LTZ Crew Cab 4WD | $2,036 | $1,018 | $170 |
LT Double Cab 2WD | $2,040 | $1,020 | $170 |
LT Crew Cab 2WD | $2,074 | $1,037 | $173 |
High Country Crew Cab 4WD | $2,086 | $1,043 | $174 |
ZR2 Crew Cab 4WD | $2,138 | $1,069 | $178 |
How much is insurance on a used Silverado pickup?
Insuring a 2013 Silverado instead of a new 2023 model could reduce insurance cost by $650 or more each year. A 2016 Silverado would save around $380, and a 2019 model could save $240 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 $1,140 for a 60-year-old driver rated on a 2013 Chevrolet Silverado, to the most expensive cost of $3,864 for a 20-year-old driving a 2023 model.
Model Year and Vehicle | Driver Age 20 | Driver Age 40 | Driver Age 60 |
---|---|---|---|
2023 Chevrolet Silverado | $3,864 | $1,930 | $1,730 |
2022 Chevrolet Silverado | $3,574 | $1,780 | $1,596 |
2021 Chevrolet Silverado | $3,578 | $1,780 | $1,600 |
2020 Chevrolet Silverado | $3,536 | $1,760 | $1,582 |
2019 Chevrolet Silverado | $3,386 | $1,686 | $1,514 |
2018 Chevrolet Silverado | $3,280 | $1,630 | $1,464 |
2017 Chevrolet Silverado | $3,126 | $1,560 | $1,398 |
2016 Chevrolet Silverado | $3,100 | $1,546 | $1,388 |
2015 Chevrolet Silverado | $2,872 | $1,440 | $1,292 |
2014 Chevrolet Silverado | $2,718 | $1,360 | $1,222 |
2013 Chevrolet Silverado | $2,520 | $1,272 | $1,140 |
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.
Older Silverado models can be insured with liability coverage for as little as $40 a month depending on the coverage limits.
Vehicle Model Year | Full Coverage Insurance | Liability Insurance |
---|---|---|
2012 Chevrolet Silverado | $1,236 | $666 |
2011 Chevrolet Silverado | $1,188 | $660 |
2010 Chevrolet Silverado | $1,150 | $656 |
2009 Chevrolet Silverado | $1,106 | $650 |
2008 Chevrolet Silverado | $1,060 | $640 |
2007 Chevrolet Silverado | $1,020 | $628 |
2006 Chevrolet Silverado | $1,006 | $624 |
2005 Chevrolet Silverado | $990 | $618 |
2004 Chevrolet Silverado | $960 | $612 |
2003 Chevrolet Silverado | $938 | $606 |
2002 Chevrolet Silverado | $919 | $594 |
2001 Chevrolet Silverado | $901 | $582 |
2000 Chevrolet Silverado | $883 | $570 |
1999 Chevrolet Silverado | $865 | $559 |
1998 Chevrolet Silverado | $848 | $548 |
1997 Chevrolet Silverado | $831 | $537 |
1996 Chevrolet Silverado | $814 | $526 |
1995 Chevrolet Silverado | $798 | $516 |
Does Silverado insurance cost more than other trucks?
When compared to other full-size half-ton pickups, Chevy Silverado insurance costs $136 more per year than the Ford F150, is $2 more than the Ram Truck, and costs $4 more than the GMC Sierra 1500 for 2023 models.

The Chevrolet Silverado ranks sixth out of seven total comparison vehicles in the full-size half ton truck class. The Silverado costs an average of $1,930 per year to insure for full coverage, while the segment average rate is $1,915 annually, a difference of $15 per year.
The chart below highlights where the Silverado ranks in comparison to the other pickups in a head-to-head insurance cost comparison.
Purchase price vs. insurance price
How does the cost of Silverado insurance compare to the pickup trucks with the most similar purchase price? This is an important metric when deciding between two different truck models.
With an average MSRP of $51,875, the cost to purchase a 2023 Chevrolet Silverado ranges from $42,795 to $73,395, before delivery and documentation fees.
The half-ton pickup models closest in price to the Silverado for the 2023 model year are the Toyota Tundra, Nissan Titan, GMC Sierra, and Ram Truck. Here’s how they compare to the Chevrolet Silverado for price and insurance cost.
- Compared to the Toyota Tundra – The Toyota Tundra has an average retail price of $54,010, ranging from $36,965 to $75,245, which is $2,135 more expensive than the average cost for the Chevrolet Silverado. The cost to insure a Chevrolet Silverado compared to the Toyota Tundra is $74 more annually on average.
- Compared to the Nissan Titan – The sticker price on the 2023 Nissan Titan averages $3,711 less than the average sticker price for the Chevrolet Silverado ($48,164 compared to $51,875). Insuring a 2023 Chevrolet Silverado compared to the Nissan Titan costs an average of $184 more annually.
- Compared to the GMC Sierra – The average MSRP for a 2023 Chevrolet Silverado is $4,057 cheaper than the GMC Sierra, at $51,875 compared to $55,932. Insuring the Chevrolet Silverado compared to the GMC Sierra costs an average of $4 more each year.
- Compared to the Ram Truck – The purchase price for the 2023 Ram Truck averages $4,647 more than the average MSRP for the Chevrolet Silverado ($56,522 compared to $51,875). The average insurance cost for a 2023 Chevrolet Silverado compared to the Ram Truck is $2 more per year.
Our insurance cost comparison page has additional Silverado comparisons, plus many other makes and models.
Silverado insurance by U.S. city
Depending on where you live, the insurance cost for a Silverado spans a large price range, from cheaper premiums like $1,366 a year in Charlotte, NC, or $1,292 in Virginia Beach, VA, to high rates like $3,010 a year in Las Vegas, NV, and $2,782 in Miami, FL.
Chevy Silverado car insurance rates in some other areas include San Francisco, CA, at $2,600 per year, Tucson, AZ, at an estimated $1,804, Colorado Springs, CO, averaging $2,218, and Kansas City, MO, at $2,314.
The chart data below ranks average auto insurance rate data for a 2023 Chevy Silverado for the largest cities in America.
Silverado insurance average cost by U.S. state
Insurance for a 2023 Chevrolet Silverado varies considerably depending on the state you live in, with rates ranging from $1,162 per year in Maine to $2,638 per year in Michigan.
Other states with very good average rates include Iowa at an average cost of $1,288 per year, North Carolina at $1,204 per year, and Virginia at $1,280 per year.
States with much more expensive insurance rates on a Silverado include Florida, Rhode Island, New Jersey, and California.
States that fall closer to the average include Washington, Arizona, Montana, and Texas.
The table below ranks all fifty U.S. states by the average cost to insure a 2023 Silverado, with rates broken out for annual premium, semi-annual premium, and monthly cost.
U.S. State | Annual Cost | 6-month Cost | Monthly Cost |
---|---|---|---|
Alabama | $1,736 | $868 | $145 |
Alaska | $1,458 | $729 | $122 |
Arizona | $1,766 | $883 | $147 |
Arkansas | $2,020 | $1,010 | $168 |
California | $2,332 | $1,166 | $194 |
Colorado | $2,068 | $1,034 | $172 |
Connecticut | $2,148 | $1,074 | $179 |
Delaware | $2,196 | $1,098 | $183 |
Florida | $2,406 | $1,203 | $201 |
Georgia | $1,972 | $986 | $164 |
Hawaii | $1,316 | $658 | $110 |
Idaho | $1,374 | $687 | $115 |
Illinois | $1,692 | $846 | $141 |
Indiana | $1,438 | $719 | $120 |
Iowa | $1,288 | $644 | $107 |
Kansas | $1,900 | $950 | $158 |
Kentucky | $2,068 | $1,034 | $172 |
Louisiana | $2,296 | $1,148 | $191 |
Maine | $1,162 | $581 | $97 |
Maryland | $1,792 | $896 | $149 |
Massachusetts | $2,102 | $1,051 | $175 |
Michigan | $2,638 | $1,319 | $220 |
Minnesota | $1,654 | $827 | $138 |
Mississippi | $1,882 | $941 | $157 |
Missouri | $2,178 | $1,089 | $182 |
Montana | $1,770 | $885 | $148 |
Nebraska | $1,612 | $806 | $134 |
Nevada | $2,308 | $1,154 | $192 |
New Hampshire | $1,288 | $644 | $107 |
New Jersey | $2,338 | $1,169 | $195 |
New Mexico | $1,586 | $793 | $132 |
New York | $2,234 | $1,117 | $186 |
North Carolina | $1,204 | $602 | $100 |
North Dakota | $1,600 | $800 | $133 |
Ohio | $1,346 | $673 | $112 |
Oklahoma | $2,130 | $1,065 | $178 |
Oregon | $1,802 | $901 | $150 |
Pennsylvania | $1,852 | $926 | $154 |
Rhode Island | $2,390 | $1,195 | $199 |
South Carolina | $1,616 | $808 | $135 |
South Dakota | $1,982 | $991 | $165 |
Tennessee | $1,836 | $918 | $153 |
Texas | $1,792 | $896 | $149 |
Utah | $1,688 | $844 | $141 |
Vermont | $1,404 | $702 | $117 |
Virginia | $1,280 | $640 | $107 |
Washington | $1,740 | $870 | $145 |
West Virginia | $1,720 | $860 | $143 |
Wisconsin | $1,378 | $689 | $115 |
Wyoming | $1,712 | $856 | $143 |
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 $278 per year for a 40-year-old driver and $546 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 $292 per year for a 40-year-old driver and $576 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 $58 and $178 on your yearly Silverado insurance cost, depending on your policy.
- Rated driver gender affects the rate you pay. For a 2023 Chevrolet Silverado, a 20-year-old man will have an average rate of $3,864 per year, while a 20-year-old female will get a rate of $2,856, a difference of $1,008 per year. Women get significantly cheaper rates. But by age 50, the rate for men is $1,760 and the female rate is $1,726, a difference of only $34.
- 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 $2,320 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 $303 per year over a lower credit rating of 670-739. Conversely, a credit rating below 579 could cost up to $351 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 $516 per year.
- Older drivers pay less than younger drivers. The difference in insurance rates for a Silverado between a 50-year-old driver ($1,760 per year) and a 30-year-old driver ($2,020 per year) is $260, or a savings of 12.9%.