Buying the cheapest coverage for a Chevy Silverado is dependent upon many rating criteria such as whether you are married, the size of your vehicle, and any past driving violations you may have had. Drivers in Florida will pay around $1,539 a year for Silverado insurance, but that figure is using a 40-year-old married male driver with full comprehensive and collision coverage and $100 deductibles.
Odds are that you are not 40 years old and maybe not even male, single instead of married, or maybe your Silverado doesn’t need full coverage. Not every driver requires the same auto insurance coverages, so the only real way to find cheap car insurance rates for your Chevrolet is to just take the time to compare rates yourself.
Vehicle trim level will most likely have an effect on the annual cost of coverage, so the rate you will pay to insure a Silverado LS Regular Cab 2WD trim level will be $370 less expensive the cost to insure the high end Silverado Crew Cab Hybrid 4WD model, as demonstrated by the prices below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Silverado LS Regular Cab 2WD||$284||$490||$486||$28||$146||$1,434||$120|
|Silverado LS Regular Cab 4WD||$284||$490||$430||$26||$128||$1,358||$113|
|Silverado LT Regular Cab 2WD||$326||$596||$486||$28||$146||$1,582||$132|
|Silverado LT Regular Cab||$326||$596||$486||$28||$146||$1,582||$132|
|Silverado LS Extended Cab 4WD||$326||$596||$430||$26||$128||$1,506||$126|
|Silverado LT Extended Cab 4WD||$326||$596||$430||$26||$128||$1,506||$126|
|Silverado LT Extended Cab 2WD||$326||$596||$486||$28||$146||$1,582||$132|
|Silverado LS Extended Cab 2WD||$326||$596||$486||$28||$146||$1,582||$132|
|Silverado LT Crew Cab 4WD||$368||$702||$430||$26||$128||$1,654||$138|
|Silverado LS Crew Cab 2WD||$368||$702||$486||$28||$146||$1,730||$144|
|Silverado LS Crew Cab 4WD||$368||$702||$430||$26||$128||$1,654||$138|
|Silverado LT Crew Cab 2WD||$368||$702||$486||$28||$146||$1,730||$144|
|Silverado LTZ Extended Cab 2WD||$368||$702||$486||$28||$146||$1,730||$144|
|Silverado LTZ Extended Cab 4WD||$368||$702||$430||$26||$128||$1,654||$138|
|Silverado LTZ Crew Cab 2WD||$368||$702||$486||$28||$146||$1,730||$144|
|Silverado LTZ Crew Cab 4WD||$368||$702||$430||$26||$128||$1,654||$138|
|Silverado Crew Cab Hybrid 2WD||$368||$810||$430||$26||$128||$1,762||$147|
|Silverado Crew Cab Hybrid 4WD||$410||$810||$430||$26||$128||$1,804||$150|
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Data based on married male driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Florida minimum liability limits. Discounts applied include homeowner, multi-policy, multi-vehicle, claim-free, and safe-driver. Rate information does not factor in zip code location which can raise or lower rates noticeably.
Trying to find reasonably-priced insurance is difficult, and figuring out which company quotes the most affordable auto insurance rates for a Chevy Silverado will require even more rate comparisons.
Every auto insurer uses slightly different criteria to determine premium rates, so let’s take a look at the auto insurance companies with the most affordable rates in Tampa, FL.
Best Car Insurance Prices for Your Silverado Truck
|Rank||Company||Cost Per Year|
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USAA may have some of the lowest car insurance rates in Tampa at around $948 a year. Amica, Electric, Progressive, and Mercury also make the cut as some of the most economical Tampa, FL insurance companies.
In this example, if you currently have a policy with Electric and switched to USAA, you might realize a yearly savings of in the neighborhood of $798. Insureds with Progressive might save as much as $899 a year, and Mercury insureds might realize rate reductions of up to $985 a year.
To find the cheapest coverage for you, click here to start your free quote or visit any of the low-priced companies below.
Be aware that those rates are averages for all types of drivers and the different vehicles they drive and and are not figured with an exact vehicle garaging location for a Chevy Silverado. So the company that can offer you the best rate may not even be in the top 21 companies shown above. That helps illustrate why you need to compare rates from multiple companies using your own individual information.
The diagram below demonstrates how deductible levels can impact insurance costs when trying to find cheap insurance for a Chevy Silverado. The premiums are based on a married female driver, comp and collision included, and no policy discounts are applied.
As shown above, a 30-year-old driver could pocket $394 a year by increasing from a $100 deductible to a $500 deductible, or save $596 by using a $1,000 deductible. Youthful drivers, such as the Age 20 example, could drop their prices as much as $848 every year by using higher deductibles when buying full coverage.
If you do decide to increase your deductibles, it will be necessary to have spare funds to allow you to pay the extra out-of-pocket expense, which is the one disadvantage of using larger deductibles.
Safe drivers pay cheaper rates
The easiest way to snag good auto insurance prices in Florida for a Silverado pickup is to drive safely and avoid getting tickets or having accidents. The information below demonstrates how citations and at-fault claims can influence auto insurance rates for different insured age categories. The costs are based on a married male driver, full coverage, $100 deductibles, and no policy discounts are applied.
The data in the chart shows the average cost of an auto insurance policy in Tampa per year with no accidents and a clean driving record is $2,650. Receive one speeding ticket and the average cost jumps to $3,040, an increase of $390 each year. Now get two accidents along with the one speeding ticket and the 12-month cost of auto insurance for a Chevy Silverado increases to an average of $6,230. That’s an increase of $3,580, or $298 per month, just for not driving carefully!
How to get discounts on Tampa auto insurance
Auto insurance companies that offer coverage for a Chevy Silverado may additionally offer special discounts that may potentially lower prices by 25% or more if you qualify. A few popular companies and some of the premium reductions they offer can be read below.
- American Family policyholders can earn discounts including multi-vehicle, mySafetyValet, defensive driver, good student, TimeAway discount, accident-free, and Steer into Savings.
- State Farm may offer discounts for student away at school, good driver, driver’s education, defensive driving training, and Drive Safe & Save.
- 21st Century may include discounts for anti-lock brakes, theft prevention, driver training, automatic seat belts, homeowners, and teen driver.
- Travelers includes discounts for continuous insurance, student away at school, good student, save driver, and new car.
- GEICO has discounts for military active duty, air bags, good student, anti-lock brakes, and multi-policy.
The example below compares insurance costs with and without discounts. The costs are based on a female driver, no claims or driving violations, Florida state minimum liability limits, comp and collision included, and $1,000 deductibles.
The first bar for each age group shows premium with no discounts. The lower bar shows the rates with homeowner, multiple vehicle, marriage, anti-theft, safe-driver, and multiple policy discounts applied. When drivers take advantage of discounts, theaverage yearly reduction on auto insurance for a Chevy Silverado is 28% or $632.