Finding economical car insurance for a Chevy Silverado doesn’t take too much effort, but it depends on a whole bunch of factors such as your financial responsibility, the likelihood of your vehicle being stolen, and driving violations and tickets. Drivers in California will pay on average $1,046 each year to insure their Silverado, but that cost is a valuation using a 50-year-old married female driver with full physical damage coverage and $1,000 deductibles.
Most likely you are not 50 and maybe not even a female, maybe you are single instead of married, and maybe you want higher deductibles. Having different needs demonstrates why the only real way to find cheap auto insurance rates for your Chevrolet is to do the rate comparisons yourself. Quotes are always free and you will receive rate quotes from top-rated companies in California.
The trim level of your vehicle can impact the insurance rate, so the price you pay to insure a Silverado LS Regular Cab 2WD trim level will be $150 less expensive the insurance cost for the more expensive Silverado Crew Cab Hybrid 4WD model, as shown in the table below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Silverado LS Regular Cab 2WD||$142||$246||$470||$28||$140||$1,026||$86|
|Silverado LS Regular Cab 4WD||$142||$246||$416||$24||$124||$952||$79|
|Silverado LT Regular Cab 2WD||$162||$300||$470||$28||$140||$1,100||$92|
|Silverado LT Regular Cab||$162||$300||$470||$28||$140||$1,100||$92|
|Silverado LS Extended Cab 4WD||$162||$300||$416||$24||$124||$1,026||$86|
|Silverado LT Extended Cab 4WD||$162||$300||$416||$24||$124||$1,026||$86|
|Silverado LT Extended Cab 2WD||$162||$300||$470||$28||$140||$1,100||$92|
|Silverado LS Extended Cab 2WD||$162||$300||$470||$28||$140||$1,100||$92|
|Silverado LT Crew Cab 4WD||$184||$354||$416||$24||$124||$1,102||$92|
|Silverado LS Crew Cab 2WD||$184||$354||$470||$28||$140||$1,176||$98|
|Silverado LS Crew Cab 4WD||$184||$354||$416||$24||$124||$1,102||$92|
|Silverado LT Crew Cab 2WD||$184||$354||$470||$28||$140||$1,176||$98|
|Silverado LTZ Extended Cab 2WD||$184||$354||$470||$28||$140||$1,176||$98|
|Silverado LTZ Extended Cab 4WD||$184||$354||$416||$24||$124||$1,102||$92|
|Silverado LTZ Crew Cab 2WD||$184||$354||$470||$28||$140||$1,176||$98|
|Silverado LTZ Crew Cab 4WD||$184||$354||$416||$24||$124||$1,102||$92|
|Silverado Crew Cab Hybrid 2WD||$184||$408||$416||$24||$124||$1,156||$96|
|Silverado Crew Cab Hybrid 4WD||$204||$408||$416||$24||$124||$1,176||$98|
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Premium data assumes married female driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and California minimum liability limits. Discounts applied include claim-free, homeowner, multi-policy, safe-driver, and multi-vehicle. Information does not factor in specific garaging location which can revise coverage rates greatly.
Choosing a highly-rated auto insurance provider is hard considering how many companies provide coverage in San Francisco. The rank data shown next can help you pick which insurers you want to consider when trying find the best insurance for a Chevy Silverado.
These ratings are only comprised of major nationwide insurance companies, so companies that only write business in California or surrounding areas are not factored into the list. To compare price quotes from the most competitive companies in California, click here.
Top 10 Major Car Insurance Companies in San Francisco Ranked by Customer Satisfaction
- Titan Insurance – 95%
- USAA – 94%
- AAA of Southern California – 92%
- AAA Insurance – 91%
- Nationwide – 90%
- State Farm – 90%
- The Hartford – 89%
- GEICO – 89%
- The General – 88%
- 21st Century – 88%
Full coverage rates compared to liability-only
Saving money on auto insurance is probably important to the majority of drivers, and a good way to find cheap insurance for a Chevy Silverado is to not buy full coverage. The information below illustrates the comparison of insurance rates with and without physical damage coverage. The premiums are based on no claims, a clean driving record, $500 deductibles, single status, and no discounts are factored in.
As an overall average, physical damage coverage on your policy costs an extra $2,816 per year over and above liability only. That is a large expense and it proposes the question if buying full coverage is a waste of money. There is no definitive formula of when to stop paying for comprehensive and collision coverage on your policy, but there is a general guideline. If the annual cost of coverage is more than about 10% of the vehicle’s replacement cost less your deductible, then it could be time to drop full coverage.
For example, let’s assume your vehicle’s settlement value is $8,500 and you have $1,000 physical damage deductibles. If your vehicle is totaled in an accident, the most you would receive is $7,500 after the policy deductible has been paid. If premiums are more than $750 annually for comprehensive and collision coverage, then it’s probably a good time to buy liability coverage only.
How violations and accidents impact rates
A great way to obtain low auto insurance premiums in San Francisco for a Silverado pickup is to drive carefully and have a clean driving record. The illustration below shows how violations and at-fault collisions can raise premium costs for different categories of driver ages. The price estimates are based on a single male driver, full physical damage coverage, $100 deductibles, and no policy discounts are applied.
The data above shows the average cost of an auto insurance policy in California per year with no violations or accidents is $2,710. Receive one speeding ticket and the average cost jumps to $3,054, an increase of $344 each year. Now add two accidents along with the one speeding ticket and the yearly cost of auto insurance for a Chevy Silverado goes up to an average of $6,043. That’s an increase of $3,332, or $278 per month, just for not driving carefully!
The diagram below highlights how deductible choice can raise or lower premium costs when getting quotes for cheap insurance for a Chevy Silverado. The premiums assume a married male driver, comprehensive and collision coverage, and no discounts are taken into consideration.
In the chart above, a 30-year-old driver could lower rates by $342 a year by switching their comprehensive and collision coverages from a $100 deductible up to a $500 deductible, or save $516 by choosing a $1,000 deductible. Younger drivers, such as the 20-year-old example, can cut as much as $1,026 or more by using a higher deductible.
When increasing deductibles, it will be necessary to have emergency funds available to allow you to pay the extra out-of-pocket expense, which is the main disadvantage of using high deductibles.