Buying the cheapest coverage for a Chevy Silverado in Texas is pretty easy to do, but it relies on a lot of rating factors such as your gender, the condition of your credit, and if you have tickets or violations. Drivers will pay on average $1,327 each year for Silverado insurance, but that price is an approximation based upon a 30-year-old married female driver with full comprehensive and collision coverage and $250 deductibles.
It's highly likely you may not be 30 years old (or even female), possibly single instead of married, or maybe you have a speeding ticket or two that will increase rates. Even a slight difference in rating criteria can make a large difference in rates.
There is no one cookie-cutter policy that works for everyone, so the best way to find the cheapest coverage for your Chevrolet is to compare as many rates as you can. In just a few minutes you will be able to see rates from top-rated car insurance companies around.
Your vehicle's trim level will be a contributing factor to the cost of coverage, so the price you pay to insure a Silverado LS Regular Cab 2WD trim level will be $302 cheaper than the insurance cost for the fancier Silverado Crew Cab Hybrid 4WD trim level, as shown in the table below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Silverado LS Regular Cab 2WD||$248||$400||$440||$26||$132||$1,246||$104|
|Silverado LS Regular Cab 4WD||$248||$400||$388||$24||$116||$1,176||$98|
|Silverado LT Regular Cab 2WD||$286||$486||$440||$26||$132||$1,370||$114|
|Silverado LT Regular Cab||$286||$486||$440||$26||$132||$1,370||$114|
|Silverado LS Extended Cab 4WD||$286||$486||$388||$24||$116||$1,300||$108|
|Silverado LT Extended Cab 4WD||$286||$486||$388||$24||$116||$1,300||$108|
|Silverado LT Extended Cab 2WD||$286||$486||$440||$26||$132||$1,370||$114|
|Silverado LS Extended Cab 2WD||$286||$486||$440||$26||$132||$1,370||$114|
|Silverado LT Crew Cab 4WD||$322||$572||$388||$24||$116||$1,422||$119|
|Silverado LS Crew Cab 2WD||$322||$572||$440||$26||$132||$1,492||$124|
|Silverado LS Crew Cab 4WD||$322||$572||$388||$24||$116||$1,422||$119|
|Silverado LT Crew Cab 2WD||$322||$572||$440||$26||$132||$1,492||$124|
|Silverado LTZ Extended Cab 2WD||$322||$572||$440||$26||$132||$1,492||$124|
|Silverado LTZ Extended Cab 4WD||$322||$572||$388||$24||$116||$1,422||$119|
|Silverado LTZ Crew Cab 2WD||$322||$572||$440||$26||$132||$1,492||$124|
|Silverado LTZ Crew Cab 4WD||$322||$572||$388||$24||$116||$1,422||$119|
|Silverado Crew Cab Hybrid 2WD||$322||$660||$388||$24||$116||$1,510||$126|
|Silverado Crew Cab Hybrid 4WD||$360||$660||$388||$24||$116||$1,548||$129|
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Data variables include married female driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Texas minimum liability limits. Discounts applied include multi-policy, multi-vehicle, claim-free, homeowner, and safe-driver. Premium amounts do not factor in the specific area where the vehicle is garaged which can affect premium rates significantly.
Choosing a highly-rated company is difficult considering how many choices you have in Plano. The ranking data in the lists below may help you choose which car insurance companies to look at purchasing from.
The rankings below are only comprised of companies with a nationwide focus, so companies without a large exposure are not taken into consideration for this list. To view rates and find the cheapest rates for a Chevy Silverado, simply click here.
|Company||Value||Customer Service||Claims||Customer Satisfaction||A.M Best Rating||Overall Score|
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Data Source: Insure.com Best Car Insurance Companies
Should you buy full coverage?
Saving money on insurance is important to the majority of drivers, and one great way to pay less for insurance for a Chevy Silverado is to not buy full coverage. The information below illustrates the comparison of insurance prices when comparing full coverage to liability only. The premiums are based on no tickets, no at-fault accidents, $100 deductibles, single status, and no policy discounts are applied.
As an average for all age groups, physical damage insurance costs $2,726 per year over having just liability coverage. That proposes the question if it's worth it to buy full coverage. There is no specific rule to stop buying physical damage insurance, but there is a general guideline. If the annual cost of having full coverage is more than 10% of any settlement you would receive from your insurance company, then you may want to consider only buying liability coverage.
The illustration below highlights how deductible selection can increase or decrease yearly insurance costs when getting quotes for cheap insurance for a Chevy Silverado. The premium estimates are based on a single male driver, comprehensive and collision coverage, and no policy discounts are applied.
The data above shows that a 30-year-old driver could pocket $422 a year by changing from a $100 deductible to a $500 deductible, or save $634 by selecting a $1,000 deductible. Youthful drivers, like the Age 20 category, could drop their prices up to $1,236 or even more just by choosing higher deductibles when buying full coverage.
When choosing a higher deductible, it is a good idea to have additional savings on hand to allow you to cover the extra out-of-pocket expense, which is the one shortcoming of high deductibles.
If you would rather get some help when comparing insurance rates for a Chevy Silverado, the agents below are willing to help you decide which is the best policy. To locate a Plano insurance agent close to you, click the button at the bottom of the list or click here to compare prices now.
- A and H Insurance
2504 K Ave #400 - Plano, TX 75074 - (972) 423-4348
- Arthur Blake Insurance Group
542 Haggard St #502 - Plano, TX 75074 - (972) 335-4115
- Texas FIrst Rate Insurance Agency
2105 W Spring Creek Pkwy #375c - Plano, TX 75023 - (972) 467-6500
- Earl Manns Jr - State Farm Insurance Agent
3020 Legacy Dr #190 - Plano, TX 75023 - (972) 208-3705
How to find economical insurance for a Chevy Silverado
The list below summarizes many thrifty suggestions that can help you quote low-cost coverage.
- Older vehicles may not need full coverage
- Higher physical damage deductibles lower rates
- Pay cheaper rates with good credit scores
- Avoid accidents
- Buy a safer vehicle
- Maintain a clean driving record
- Compare rates regularly and switch companies to save money
That last piece of advice is extraordinarily critical, as was noted in the prior article. Prices in Plano fluctuate considerably, so don't be hesitant to switch carriers if a cheaper price is available. Many drivers tend to have loyalty to a certain company, but we do not recommend it if that loyalty results in overpaying a lot of money. In just a few minutes you could compare rates to find cheaper auto insurance for a Chevy Silverado.