Average Chevrolet Silverado Car Insurance Cost for 2026

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The average insurance cost for a Chevrolet Silverado in 2026 is $2,491 per year. The Chevrolet Silverado was among the 25 best-selling cars in the U.S., according to Kelley Blue Book.

But no matter whether you bought your Chevrolet Silverado new or used, it’s a big investment – the average new car buyer in the U.S. paid $49,740 in December of 2024, according to the most recent data from Kelley Blue Book. The cost of insuring a car can vary greatly, so be mindful of how much car insurance costs if you want to stay within a monthly budget.

Updated with latest data

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How much does it cost to insure Chevrolet Silverado?

Full coverage car insurance for a Chevrolet Silverado is $172 less than the nationwide average of $2,663 per year. Full coverage comprises liability insurance, comprehensive and collision and is much more expensive than liability coverage alone.

The age of your vehicle and its make, model and trim all affect car insurance rates, in addition to personal factors about the driver(s), homeowner status and location.

The table below shows annual rates for full coverage car insurance for a Chevrolet Silverado.

Graph

Table

Model	Average full coverage cost annually	Average full coverage cost monthly
Chevrolet Silverado 1500	$2,413	$201
Chevrolet Silverado EV	$2,452	$204
Chevrolet Silverado HD	$2,553	$213
Chevrolet Silverado ZR2	$2,575	$215

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Chevrolet-Silverado insurance cost

$201 per month

$2,413 per year

Car insurance cost for a Chevrolet Silverado by age

Cost of Chevrolet Silverado insurance for 18-year-olds

Insurance rates vary significantly by age. Teens pay the highest rates for car insurance because they are riskier drivers and have less experience driving.

Car insurance for an 18-year-old driving a Chevrolet Silverado costs $9,172 per year. The table below shows the cost of car insurance for an 18-year-old driving a Chevrolet Silverado.

Chevrolet Silverado auto insurance cost, by state

Car insurance rates vary significantly by state. State laws and a state’s no-fault vs. tort classification all affect how much folks pay for car insurance in a state and individual factors.

Full coverage car insurance for a Chevrolet Silverado costs $2,491 per year. See the annual and monthly rates by state for a Chevrolet Silverado in each state in the table below.

10 most expensive states for car insurance for a Chevrolet Silverado

The most expensive states for full coverage car insurance for a Chevrolet Silverado are as follows:

10 cheapest states for car insurance for a Chevrolet Silverado

The cheapest states for full coverage car insurance for a Chevrolet Silverado are as follows:

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Chevrolet Silverado insurance cost, by city

Car insurance rates for a Chevrolet Silverado also vary based upon your location. In the top 10 U.S. cities (by population), rates for a Chevrolet Silverado range from $2,476 in New York, New York to $4,042 in Los Angeles, California. See more rates in the top 10 cities in the table below.

Car insurance cost for a Chevrolet Silverado, by company

Car insurance rates also vary by company – each insurer has a proprietary rating algorithm that sets rates based on risk. So, insurance for a Chevrolet Silverado may be more expensive from one insurer than another, so you get quotes from several insurers before committing to a policy.

“Insurance premiums vary by vehicle model and trim level because insurance companies use this information to predict the risk of the driver and potential financial loss, and hence the risk to the insurer,” says Jim Brau, Joel C. Peterson professor of finance at Brigham Young University’s Marriott School of Business. “Certain models and trims – for example, a brand-new fire-engine red convertible sports car – turn out to be more risky to the insurance company than a 15-year-old sedan that can barely top out at 65 mph.”

See insurance rates for a Chevrolet Silverado from several insurers in the table below.

Best companies for cheap car insurance for Chevrolet Silverado

Drivers of Chevrolet Silverado often get the best deal from Nationwide, which offers average premiums of $1,895 per year, or $158 per month. That makes it one of the most affordable options for Chevrolet Silverado owners looking to balance cost and reliable coverage.

The table below compares leading insurers to show which companies offer the most competitive rates for Chevrolet Silverado owners.

Average Chevrolet Silverado insurance rates by model year

Car insurance rates for a Chevrolet Silverado can vary widely based on the model year. Newer models typically cost more to insure because of their higher repair and replacement costs, while older versions may be less expensive but might not include the latest safety features that qualify for discounts.

The table below shows the average annual insurance cost for each Chevrolet Silverado model year, helping you see how rates shift over time and which versions may offer the best value for your budget.

What are the most popular vehicle models in the U.S.?

This model is one of the most popular cars in 2023, according to Kelley Blue Book. Here’s a list of the top 25 best-selling vehicles of 2023:

1. Ford F-Series
2. Chevrolet Silverado
3. Ram Pickup
4. Toyota RAV4
5. Tesla Model Y
6. Honda CR-V
7. GMC Sierra
8. Toyota Camry
9. Nissan Rogue
10. Jeep Grand Cherokee
11. Toyota Tacoma
12. Tesla Model 3
13. Toyota Corolla
14. Chevrolet Equinox
15. Hyundai Tucson
16. Honda Civic
17. Honda Accord
18. Ford Explorer
19. Toyota Highlander
20. Subaru Outback
21. Subaru Crosstrek
22. Jeep Wrangler
23. Mazda CX-5
24. Subaru Forester
25. Ford Escape

Car insurance averages by make and model

Car insurance rates vary by make and model. In general, cars that are more expensive – think luxury vehicles, EVs and sports cars – are more expensive to insure. Cars with smaller engines and a lot of safety features are cheaper to insure.

See the average annual full coverage rates for the top 25 most popular vehicles in 2023 in the table below.

Which body styles are cheaper or more expensive for car insurance?

Sedans tend to be more expensive to insure than trucks or SUVs for several reasons – they’re a higher theft risk and they’re smaller than SUVs and trucks, so they are more likely to be damaged in a crash with a larger vehicle.

Below, see annual rates for full coverage for sedans, SUVs and trucks.

How does my car’s trim level affect car insurance?

A car’s trim level can significantly impact insurance rates due to the varying features of each package. Higher trim levels often include powerful engines and luxury options that could increase the vehicle’s value and the cost to insure it.

“Some models and trims are more expensive to replace or repair – another reason the premium on them is higher. It all comes down to estimating the risk of future payout from the insurance company,” Brau says. “Models and trims that historically have been more expensive to insurance firms will carry with them higher car insurance rates.”

Additionally, advanced safety features in upper trim levels may lower rates, while customizations and added performance capabilities typically raise them due to higher repair costs. Insurers consider all these factors when determining premiums, making the trim level a crucial variable in the cost of car insurance.

See the trim levels of a Chevrolet Silverado and their full coverage premiums in the table below.

How to save on car insurance for a Chevrolet Silverado

Are you paying for more coverage than you need? Depending on your driving habits, you may not require the maximum coverage for areas such as collision or comprehensive. If you have an older car, scaling back on full coverage is an option. However, tread carefully; reducing coverage significantly could expose you to risk.

Other ways to save on car insurance for a Chevrolet Silverado:

• Shop your coverage every six months or annually before your policy renews
• Increase your deductible if you have savings to cover it
• Drive safely to avoid violations
• Maintain a good credit score
• Bundle home and auto policies

Chevrolet Silverado discounts on car insurance

Certain safety features can mean significant savings. From anti-lock brakes to airbags and even high-tech systems like lane departure warnings, the safer your car is, the less you’ll likely pay for insurance.

In addition to vehicle discounts, drivers may qualify for the following discounts:

• Telematics discounts
• Multiple policies
• Loyalty
• Good driver/safe driver
• Good student
• Savings for driving less/low annual mileage
• Senior discount
• Educational/professional discounts
• Signing early/paying in full
• Paperless/autopay

What our expert says

Q: Why do car insurance rates vary by vehicle model and trim level?

Dr. James BrauJoel C. Peterson Professor of Finance Brigham Young University

“Insurance premiums vary by vehicle model and trim level because insurance companies use this information to predict the risk of the driver and potential financial loss, and hence the risk to the insurer. Certain models and trims – for example, a brand-new fire-engine red – convertible sports car, turn out to be more risk to the insurance company than a 15-year-old sedan that can barely top out at 65 mph. Some models and trims are more expensive to replace or repair – another reason the premium on them is higher. It all comes down to estimating the risk of future pay out from the insurance company. Models and trims that historically have been more expensive to insurance firms will carry with them higher car insurance rates.”

Resources & Methodology

Methodology

Insure.com commissioned Quadrant Information Services to calculate average auto insurance rates for vehicles from 2024.

Our hypothetical driver is a 40-year-old male who commutes 12 miles to work each day, with policy limits of 100/300/100 ($100,000 for injury liability for one person, $300,000 for all injuries and $100,000 for property damage in an accident) and a $500 deductible on collision and comprehensive coverage.

Rates includes uninsured motorist coverage (since some states require it, we do it for all) and PIP or Medical Payments, if it is required by state law. This hypothetical driver has a clean record and good credit. We recommend limits this high, even if you have only liability coverage. A state-minimum policy includes only the basic state liability limits and any other state-required coverages, such as uninsured motorist or PIP.

Rates were averaged across multiple ZIP codes and insurance companies. Average rates are for comparative purposes; your rate will depend on your personal factors.

Laura Longero

Executive Editor

 

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Laura Longero is an insurance expert and executive editor of CarInsurance.com. With 15 years of experience simplifying complex financial topics, Laura provides clear, expert-backed guidance to help drivers make smart, confident decisions. Before joining CarInsurance.com, she was an award-winning editor for the USA Today Network.