Gianetta Palmer is a writer, copywriter, and essayist. Her work has appeared in EverydayHealth.com, Healthline, and The Dyrt Magazine. She is the author of Scrunchie-Fried and writes a lot about car insurance in her spare time.

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Joel Ohman is the CEO of a private equity-backed digital media company. He is a CERTIFIED FINANCIAL PLANNER™, author, angel investor, and serial entrepreneur who loves creating new things, whether books or businesses. He has also previously served as the founder and resident CFP® of a national insurance agency, Real Time Health Quotes. He also has an MBA from the University of South Florid...

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Reviewed by Joel Ohman
Founder, CFP®

UPDATED: Jun 17, 2021

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Are you looking for a new or used Chevrolet Silverado 1500? And wondering how much it costs to insure by year? We researched average annual car insurance costs for each model year and have compiled the results for you below.

Chevrolet Silverado 1500 car insurance facts

  • Average full coverage auto insurance premium: $108/month

  • Most affordable companies: Auto-Owners ($82/month) & GEICO ($85/month)

  • Silverado 1500 car insurance cost vs. average rates: $37 less expensive than the average vehicle

Explore the pricing information below to find how much it will cost you to insure your Chevy Silverado 1500 by model year and auto insurer.

Make sure to comparison shop before making a new car purchase to save money. 

Free Auto Insurance Comparison

Enter your ZIP code below to view companies that have cheap auto insurance rates.

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Below average Chevrolet Silverado insurer costs by state:

Risk factors affecting Chevrolet Silverado 1500 car insurance rates

The make and model of your vehicle, along with the year of manufacture, are the three most important factors in determining your car’s value, which in turn is the main factor in determining your car insurance premium. Your own personal driving history, age, marital status, credit scoretype of vehicle, coverage levels, and other personal factors are also important components of your rate.

How to save money on Chevy Silverado 1500 car insurance coverage?

Many driver discounts are available to people through most major auto insurance companies, such as

  • Student discounts

  • Safe drivers

  • Senior discounts

With all Chevrolet models, you can get the following car insurance discounts:

  • Passive restraint systems

  • Anti-lock brakes

  • Anti-theft devices

Chevrolet automobile brand

Chevrolet or referred to as Chevy, is a vehicle brand of General Motors specializing in popular, affordable cars for the United States market. The target market of Chevy is middle-class customers and the more affluent for higher-end models such as Cadillac. Chevrolet focuses on high quality, advanced technology, creative designs, and affordability. All Chevrolet automobiles have high safety ratings, with many of their cars getting “Top Safety Pick” and 5-star safety and crash test ratings from the National Highway Traffic Safety Administration (NHTSA). The Chevrolet Corvette, Tahoe, Silverado, and Suburban are some of their most popular vehicles.

Higher than average Chevy Silverado 1500 repair costs equal higher car insurance rates

Many consumers are attracted to Chevrolet’s creative designs, increased fuel efficiency, and driver-assist technologies, like Chevy’s Enhanced Driver Alert Package. Automotive parts are common but generally more expensive than popular vehicles, like the ToyotaHonda, or Subaru. Repairing a Chevrolet is higher than average since repair parts are slightly more expensive. For this reason, many Chevrolets are going to have higher than average car insurance rates to similar cars in their class.

Rapid depreciation for Chevrolet Silverado 1500 affecting auto policies

Another factor to consider for Chevrolets is rapid depreciation, affecting auto insurance rates. As your vehicle’s value goes down each year, your auto policy could go down at each renewal. On the other hand, in an auto accident, you need repair parts that rarely go down in price for all Chevy models. This could put you in a difficult situation position since many car insurance companies will subtract depreciation from the amount paid for your insurance claim resulting in a situation where your claim payout doesn’t fully cover your repair cost.

High IIHS and NHTSA safety ratings decreasing car insurance rates for drivers

Chevrolets are known for their safety ratings, safety features, 5-star crash test ratings, driver-assist technologies such as the Driver Alert Technology Package, and lower auto insurance rates for drivers with a good driving record, sometimes getting 20% driver discounts for passive restraints and safety features for most Chevrolet models. The Chevrolet Equinox, Cruze, and Bolt EV are the Insurance Institute for Highway Safety (IIHS) “Top Safety Picks,” and the NHTSA consistently gives Chevy automobiles top safety ratings each year, lowering your car insurance costs.

AutoInsureSavings.org licensed car insurance agents to recommend comprehensive and collision coverage, uninsured motorist coverage, and roadside assistance for new Chevrolet automobile owners when buying a car insurance policy.

Make sure to shop around with multiple car insurance carriers before making a new car purchase.

2021 Chevrolet Silverado 1500

Cheapest Insurance CompaniesAverage Annual Cost
21st Century $1725
Acuity$1834
Allstate$1391
American Family$1235
Auto-Owners$989
Erie$1059
GEICO$1015
Kentucky Farm Bureau$1459
Liberty Mutual$1187
Mercury$1320
Nationwide$1433
State Farm$1327
Tennessee Farmers$1246
Texas Farm Bureau$1323
The Hanover$1562
Travelers$1413
USAA$1114

Compare all 2021 Chevrolet Silverado 1500 rates

Average Cost to Insure Per Year

$1289

List Price

$29300

Trims Available

Work Truck - LS - Custom - LT - LT Z71 - LTZ - LTZ Z71 - High Country - Base Engine: engine is a 4.3-liter V-6 that produces 285 hp with Chevy Safe Assist driver technologies: forward collision warning (FCW) with pedestrian detection, automatic emergency braking (AEB), lane departure warning (LDW), lane-keeping assistance (LKA), a following distance indicator, IntelliBeam automatic high-beam headlights, Standard and passive safety features: Adaptive Cruise Control, Lane Departure Warning, Rear Cross-Traffic Alert, Lane Change Alert with Side Blind Zone Alert, Safety Alert Seat, Onstar Safety and Security, Airbags, Anti-lock brakes, Stability control, Airbags, and Pretensioners

2020 Chevrolet Silverado 1500

Cheapest Insurance CompaniesAverage Annual Cost
21st Century $1715
Allstate$1256
American Family$1113
Auto-Owners$952
Erie$1010
Farmers$1402
GEICO$960
Liberty Mutual$1065
Mercury$1164
Nationwide$1360
State Farm$1206
Tennessee Farmers$1128
Texas Farm Bureau$1189
The Hanover$1549
Travelers$1314
USAA$1032

Compare all 2020 Chevrolet Silverado 1500 rates

Average Cost to Insure Per Year

$1124

List Price

$28500

Trims Available

Work Truck - LS - Custom - LT - LT Z71 - LTZ - LTZ Z71 - High Country - Base Engine: engine is a 4.3-liter V-6 that produces 285 hp with Chevy Safe Assist driver technologies: forward collision warning (FCW) with pedestrian detection, automatic emergency braking (AEB), lane departure warning (LDW), lane-keeping assistance (LKA), a following distance indicator, IntelliBeam automatic high-beam headlights, Standard and passive safety features: Adaptive Cruise Control, Lane Departure Warning, Rear Cross-Traffic Alert, Lane Change Alert with Side Blind Zone Alert, Safety Alert Seat, Onstar Safety and Security, Airbags, Anti-lock brakes, Stability control, Airbags, and Pretensioners

2019 Chevrolet Silverado 1500

Cheapest Insurance CompaniesAverage Annual Cost
21st Century $1690
Allstate$1246
American Family$1035
Auto-Owners$926
Erie$980
GEICO$944
Kentucky Farm Bureau$1429
Liberty Mutual$1012
Mercury$1102
Nationwide$1359
State Farm$1126
Tennessee Farmers$1065
Texas Farm Bureau$1131
The Hanover$1548
Travelers$1280
USAA$1002

Compare all 2019 Chevrolet Silverado 1500 rates

Average Cost to Insure Per Year

$1062

List Price

$32200

Trims Available

Work Truck - LS - Custom - LT - LT Z71 - LTZ - LTZ Z71 - High Country - Base Engine: engine is a 4.3-liter V-6 that produces 285 hp with Chevy Safe Assist driver technologies: forward collision warning (FCW) with pedestrian detection, automatic emergency braking (AEB), lane departure warning (LDW), lane-keeping assistance (LKA), a following distance indicator, IntelliBeam automatic high-beam headlights, Standard and passive safety features: Adaptive Cruise Control, Lane Departure Warning, Rear Cross-Traffic Alert, Lane Change Alert with Side Blind Zone Alert, Safety Alert Seat, Onstar Safety and Security, Airbags, Anti-lock brakes, Stability control, Airbags, and Pretensioners

2018 Chevrolet Silverado 1500

Cheapest Insurance CompaniesAverage Annual Cost
Acuity$ 1060
Acuity$ 1060
Allied$ 1080
Allied$ 1080
American Family$ 1047
American Family$ 1047
Country$ 999
Country$ 999
Erie$ 657
Erie$ 657
GEICO$ 509
GEICO$ 509
Nationwide$ 902
Nationwide$ 902
Progressive$ 678
Progressive$ 678
State Farm$ 710
State Farm$ 710
Tennessee Farmers$ 974
Tennessee Farmers$ 974
USAA$ 730
USAA$ 730
Vermont Mutual$ 1004
Vermont Mutual$ 1004

Compare all 2018 Chevrolet Silverado 1500 rates

Average Cost to Insure Per Year

$ 870

List Price

$ 28300

Trims Available

Work Truck - LS - Custom - LT - LT Z71 - LTZ - LTZ Z71 - High Country

2017 Chevrolet Silverado 1500

Cheapest Insurance CompaniesAverage Annual Cost
Acuity$ 1036
Acuity$ 1036
American Family$ 975
American Family$ 975
Country$ 927
Country$ 927
Erie$ 633
Erie$ 633
GEICO$ 489
GEICO$ 489
Nationwide$ 909
Nationwide$ 909
Progressive$ 650
Progressive$ 650
State Farm$ 651
State Farm$ 651
Tennessee Farmers$ 898
Tennessee Farmers$ 898
Texas Farm Bureau$ 775
Texas Farm Bureau$ 775
USAA$ 700
USAA$ 700
Vermont Mutual$ 958
Vermont Mutual$ 958

Compare all 2017 Chevrolet Silverado 1500 rates

Average Cost to Insure Per Year

$ 839

List Price

$ 27785

Trims Available

Work Truck - LS - Custom - LT - LT Z71 - LTZ - LTZ Z71 - High Country

2016 Chevrolet Silverado 1500

Cheapest Insurance CompaniesAverage Annual Cost
Acuity$ 966
Acuity$ 966
American Family$ 939
American Family$ 939
Country$ 856
Country$ 856
Erie$ 612
Erie$ 612
GEICO$ 470
GEICO$ 470
Nationwide$ 879
Nationwide$ 879
Progressive$ 638
Progressive$ 638
State Farm$ 616
State Farm$ 616
Tennessee Farmers$ 872
Tennessee Farmers$ 872
Texas Farm Bureau$ 732
Texas Farm Bureau$ 732
USAA$ 689
USAA$ 689
Vermont Mutual$ 888
Vermont Mutual$ 888

Compare all 2016 Chevrolet Silverado 1500 rates

Average Cost to Insure Per Year

$ 782

List Price

$ 27195

Trims Available

Work Truck - LS - Custom - LT - LT Z71 - LTZ - LTZ Z71 - High Country

2015 Chevrolet Silverado 1500

Cheapest Insurance CompaniesAverage Annual Cost
Acuity$ 1000
Acuity$ 1000
American Family$ 936
American Family$ 936
Country$ 923
Country$ 923
Erie$ 597
Erie$ 597
GEICO$ 489
GEICO$ 489
Nationwide$ 915
Nationwide$ 915
Progressive$ 657
Progressive$ 657
State Farm$ 641
State Farm$ 641
Tennessee Farmers$ 820
Tennessee Farmers$ 820
Texas Farm Bureau$ 691
Texas Farm Bureau$ 691
USAA$ 663
USAA$ 663
Vermont Mutual$ 899
Vermont Mutual$ 899

Compare all 2015 Chevrolet Silverado 1500 rates

Average Cost to Insure Per Year

$ 812

List Price

$ 26105

Trims Available

Work Truck - LS - LT - LT Z71 - LTZ - LTZ Z71 - High Country

2014 Chevrolet Silverado 1500

Cheapest Insurance CompaniesAverage Annual Cost
Acuity$ 924
Acuity$ 924
American Family$ 836
American Family$ 836
Country$ 870
Country$ 870
Erie$ 550
Erie$ 550
GEICO$ 450
GEICO$ 450
Nationwide$ 877
Nationwide$ 877
Progressive$ 623
Progressive$ 623
State Farm$ 609
State Farm$ 609
Tennessee Farmers$ 761
Tennessee Farmers$ 761
Texas Farm Bureau$ 675
Texas Farm Bureau$ 675
USAA$ 616
USAA$ 616
Vermont Mutual$ 831
Vermont Mutual$ 831

Compare all 2014 Chevrolet Silverado 1500 rates

Average Cost to Insure Per Year

$ 745

List Price

$ 25575

Trims Available

Work Truck - LT - LT Z71 - LTZ - LTZ Z71 - High Country

2013 Chevrolet Silverado 1500

Cheapest Insurance CompaniesAverage Annual Cost
Acuity$ 856
Acuity$ 856
American Family$ 811
American Family$ 811
Country$ 871
Country$ 871
Erie$ 536
Erie$ 536
GEICO$ 428
GEICO$ 428
Nationwide$ 862
Nationwide$ 862
Progressive$ 703
Progressive$ 703
State Farm$ 558
State Farm$ 558
Tennessee Farmers$ 714
Tennessee Farmers$ 714
Texas Farm Bureau$ 545
Texas Farm Bureau$ 545
USAA$ 592
USAA$ 592
Vermont Mutual$ 748
Vermont Mutual$ 748

Compare all 2013 Chevrolet Silverado 1500 rates

Average Cost to Insure Per Year

$ 746

List Price

$ 23590

Trims Available

Work Truck - LT - LS - XFE - LTZ

2012 Chevrolet Silverado 1500

Cheapest Insurance CompaniesAverage Annual Cost
Acuity$ 787
Acuity$ 787
American Family$ 794
American Family$ 794
Country$ 807
Country$ 807
Erie$ 502
Erie$ 502
GEICO$ 412
GEICO$ 412
Nationwide$ 794
Nationwide$ 794
Progressive$ 637
Progressive$ 637
State Farm$ 510
State Farm$ 510
Tennessee Farmers$ 663
Tennessee Farmers$ 663
Texas Farm Bureau$ 535
Texas Farm Bureau$ 535
USAA$ 561
USAA$ 561
Vermont Mutual$ 692
Vermont Mutual$ 692

Compare all 2012 Chevrolet Silverado 1500 rates

Average Cost to Insure Per Year

$ 701

List Price

$ 21945

Trims Available

Work Truck - LT - LS - XFE - LTZ

2011 Chevrolet Silverado 1500

Cheapest Insurance CompaniesAverage Annual Cost
Allstate$ 845
Allstate$ 845
American Family$ 771
American Family$ 771
Country$ 827
Country$ 827
Erie$ 500
Erie$ 500
GEICO$ 414
GEICO$ 414
Nationwide$ 788
Nationwide$ 788
Progressive$ 583
Progressive$ 583
State Farm$ 537
State Farm$ 537
Tennessee Farmers$ 704
Tennessee Farmers$ 704
Texas Farm Bureau$ 731
Texas Farm Bureau$ 731
USAA$ 539
USAA$ 539
Vermont Mutual$ 707
Vermont Mutual$ 707

Compare all 2011 Chevrolet Silverado 1500 rates

Average Cost to Insure Per Year

$ 697

List Price

$ 21235

Trims Available

Work Truck - LT - LS - XFE - LTZ