Buying cheap insurance for a Chevy Silverado is pretty easy for most people to do, but it depends on a lot of different factors such as driver age, if you are a frequent claim filer, and your policy deductibles. Drivers will pay on average $1,722 a year to insure their Silverado, but that cost is an approximation using a 30-year-old single female driver with full coverage and $500 deductibles.
There's a high likelihood you aren't exactly 30 years old or even a female, possibly married instead of single, or maybe you have a speeding ticket that needs to be factored in. Different coverage needs are the reason why the only way to find cheap insurance prices for your Chevrolet is to compare as many rates as possible.
Compare Chevrolet Silverado Insurance Rates
The specific model of Silverado tends to have a direct impact on the cost of insurance, so the price to insure a Silverado LS Regular Cab 2WD will be $318 lower than the cost to insure the higher-end Silverado Crew Cab Hybrid 4WD version, as shown by the rates below.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Silverado LS Regular Cab 2WD | $268 | $470 | $674 | $40 | $202 | $1,654 | $138 |
| Silverado LS Regular Cab 4WD | $268 | $470 | $596 | $36 | $178 | $1,548 | $129 |
| Silverado LT Regular Cab 2WD | $308 | $570 | $674 | $40 | $202 | $1,794 | $150 |
| Silverado LT Regular Cab | $308 | $570 | $674 | $40 | $202 | $1,794 | $150 |
| Silverado LS Extended Cab 4WD | $308 | $570 | $596 | $36 | $178 | $1,688 | $141 |
| Silverado LT Extended Cab 4WD | $308 | $570 | $596 | $36 | $178 | $1,688 | $141 |
| Silverado LT Extended Cab 2WD | $308 | $570 | $674 | $40 | $202 | $1,794 | $150 |
| Silverado LS Extended Cab 2WD | $308 | $570 | $674 | $40 | $202 | $1,794 | $150 |
| Silverado LT Crew Cab 4WD | $348 | $672 | $596 | $36 | $178 | $1,830 | $153 |
| Silverado LS Crew Cab 2WD | $348 | $672 | $674 | $40 | $202 | $1,936 | $161 |
| Silverado LS Crew Cab 4WD | $348 | $672 | $596 | $36 | $178 | $1,830 | $153 |
| Silverado LT Crew Cab 2WD | $348 | $672 | $674 | $40 | $202 | $1,936 | $161 |
| Silverado LTZ Extended Cab 2WD | $348 | $672 | $674 | $40 | $202 | $1,936 | $161 |
| Silverado LTZ Extended Cab 4WD | $348 | $672 | $596 | $36 | $178 | $1,830 | $153 |
| Silverado LTZ Crew Cab 2WD | $348 | $672 | $674 | $40 | $202 | $1,936 | $161 |
| Silverado LTZ Crew Cab 4WD | $348 | $672 | $596 | $36 | $178 | $1,830 | $153 |
| Silverado Crew Cab Hybrid 2WD | $348 | $774 | $596 | $36 | $178 | $1,932 | $161 |
| Silverado Crew Cab Hybrid 4WD | $388 | $774 | $596 | $36 | $178 | $1,972 | $164 |
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Data assumes single female driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and California minimum liability limits. Discounts applied include multi-policy, multi-vehicle, claim-free, safe-driver, and homeowner. Price information does not factor in vehicle location which can increase or decrease price quotes significantly.
Deciphering which company quotes the cheapest auto insurance rates for a Chevy Silverado will require a little more sweat in order to find the most economical policy. Every insurance company uses their own formula for setting rates, so we'll take a look at the most budget-friendly auto insurance companies in California.
Find Cheaper Car Insurance for Your Silverado Truck
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | USAA | $1,109 |
| 2 | Wawanesa | $1,157 |
| 3 | Nationwide | $1,213 |
| 4 | Century National | $1,214 |
| 5 | CSAA | $1,222 |
| 6 | 21st Century | $1,379 |
| 7 | Grange | $1,433 |
| 8 | Allstate | $1,497 |
| 9 | GEICO | $1,513 |
| 10 | Mercury | $1,533 |
| 11 | Progressive | $1,542 |
| 12 | The Hartford | $1,575 |
| 13 | Allied | $1,588 |
| 14 | MetLife | $1,638 |
| 15 | State Farm | $1,699 |
| 16 | Unitrin | $1,699 |
| 17 | Esurance | $1,756 |
| 18 | Bristol West | $1,795 |
| 19 | Travelers | $1,860 |
| 20 | Farmers | $1,966 |
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USAA quotes some of the lowest car insurance rates in Santa Ana at around $1,109 a year. Wawanesa, Nationwide, Century National, and CSAA would also be considered some of the cheapest Santa Ana, CA car insurance companies.
As shown above, if you are a policyholder with Century National and switched to USAA, you might see yearly savings of about $105. Insureds with CSAA might save as much as $113 a year, and 21st Century policyholders might see rate reductions of $270 a year.
Understand that those premium estimates are averaged across all types of drivers and the different vehicles they drive and and are not figured with a specific zip code for a Chevy Silverado. So the car insurance company that has the cheapest price for you may not even be in the top 24 companies shown above. That point stresses why you need to get car insurance quotes using your own driver and vehicle profiles.
The chart below shows how different deductible levels can raise or lower insurance premiums when quoting cheap insurance for a Chevy Silverado. The rates are based on a married female driver, full coverage, and no discounts are applied to the premium.
The data above shows that a 30-year-old driver could reduce rates by $490 a year by increasing from a $100 deductible up to a $500 deductible, or save $736 by changing to a $1,000 deductible. Even younger drivers, like the Age 20 category, have the ability to save $1,042 or even more just by choosing higher deductibles.
If you do raise deductibles, it is essential to have spare funds to satisfy the extra out-of-pocket expense. That is the one disadvantage of using higher deductibles.
Discounts on Santa Ana insurance rates
Car insurance companies that offer quotes for a Chevy Silverado may also offer special discounts that could potentially reduce rates by as much as 25% or more if you can meet the requirements. Large auto insurance companies and some of the premium reductions they offer are shown below.
- Esurance has discounts for online quote, online shopper, claim free, emergency road assistance, multi-policy, Pac-12 alumni, and multi-car.
- The Hartford has savings for defensive driver, driver training, bundle, good student, and air bag.
- AAA offers discounts including multi-car, AAA membership discount, anti-theft, multi-policy, pay-in-full, and good student.
- GEICO policyholders can earn discounts including federal employee, air bags, anti-theft, multi-vehicle, military active duty, driver training, and five-year accident-free.
- State Farm may have discounts that include student away at school, good driver, defensive driving training, anti-theft, and multiple policy.
The information below visualizes the comparison of auto insurance rates with and without discounts applied to the policy rates. The data assumes a female driver, no claims or driving citations, California state minimum liability limits, comprehensive and collision coverage, and $250 deductibles.
The first bar for each age group shows insurance cost with no discounts. The lower bar shows the rates with defensive driving course, marriage, safe-driver, vehicle safety, claim-free, and accident-free discounts applied. With discounts applied, theaverage yearly reduction on auto insurance for a Chevy Silverado is 28% or $785.
Why you should compare rates
California auto insurance rates are impacted by many factors which can significantly increase or decrease the cost of coverage. Simply having another birthday, moving to a different location, or getting a speeding ticket can produce rate changes resulting in some companies being more affordable than competitors. Not only may your risk profile change, but companies modify pricing multiple times each year to adjust for unexpected claims or profits. A period of higher than normal claims can cause a rate increase, while profitable underwriting may produce cheaper Silverado insurance rates.
For instance, the graph below shows the cheapest car insurance in Santa Ana, CA for a 40-year-old female driver with no accidents or violations, and a decent credit rating. If we estimate rates based on her current risk profile, USAA may offer the most affordable car insurance rates in Santa Ana at $1,230 each year. This is $421 less than the average price paid by California drivers of $1,651. Century National, Wawanesa, Nationwide, and CSAA are the remaining cheapest Santa Ana, CA auto insurance companies.
In the next rate comparison, we'll give the driver from the first set of rates an accident surcharge, a little lower credit rating, and a few blemishes on her driving record. Since each company has their own unique process to set premium rates, comparing prices may now result in a different set of companies as shown below.
Grange now has the best car insurance rate in Santa Ana, CA with Progressive, Allstate, Mercury, and Allied now rounding out the top five. This illustrates why Santa Ana drivers need to perform a complete rate comparison when trying to get the most economical auto insurance quotes for a Chevy Silverado.
Auto insurance prices are calculated by many factors and can change without notice, so the best price the last time you shopped around may now be one of the more expensive options.
How to find more affordable insurance for a Chevy Silverado
Below you'll find some of the better penny-pinching suggestions that can help drivers get cheaper coverage.
- Increase your policy deductibles
- Be a safe driver
- Full coverage is expensive so only insure older vehicles for liability only
- Avoid at-fault accidents and claims
- Safe vehicles generally have lower rates
- Good credit scores may make rates cheaper
- Compare price quotes at least once a year
That last piece of advice is certainly significant, as was stressed in this article. Car insurance prices in Santa Ana adjust frequently, so don't be afraid to buy a policy from a new company if a cheaper rate is available.
Brand loyalty is not necessarily bad, but it isn't a good idea if that dedication is costing big bucks every year. Now is a great time to compare rates to find cheaper insurance for a Chevy Silverado.