Chevrolet Silverado car insurance
Liberty Choice Insurance compares 20+ carriers to help you find affordable coverage for your Silverado, whether you want full protection or just the state minimum.
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Average insurance cost for a Chevrolet Silverado 1500
Here are the average annual and monthly insurance costs for a Silverado 1500, based on November 2025 national rate data from Bankrate (40-year-old driver, clean record, 2023 model):
| Coverage | Monthly (est.) | Annual |
|---|---|---|
| Full coverage | $224 | $2,687 |
| Minimum liability | $70 | $835 |
Full coverage includes 100/300/100 liability plus collision and comprehensive with a $500 deductible. Rates vary based on driver age, location, record, and trim.
Source: Bankrate, average cost of Chevrolet Silverado car insurance, February 2026 (bankrate.com/insurance/car/chevrolet/silverado-1500/).
The Chevrolet Silverado is one of the most popular trucks on American roads — and one of the most frequently stolen. That combination of high ownership numbers and elevated theft risk means Silverado insurance rates warrant close attention. At Liberty Choice Insurance, we help Silverado owners compare rates from more than 20 carriers to find reliable coverage at a competitive price, whether you're looking for the state minimum or comprehensive full-coverage protection.
Our bilingual agents understand the truck market and work with drivers across all risk profiles — including those with prior accidents, violations, or coverage gaps. We'll walk you through your options and identify every discount you qualify for.
Silverado insurance cost by model year (monthly full coverage)
Newer Silverados cost more to insure because of higher replacement values. Here are average monthly full-coverage rates by model year:
| Model Year | Monthly Full Coverage |
|---|---|
| 2025 | $244 |
| 2024 | $233 |
| 2023 | $197 |
| 2022 | $179 |
| 2021 | $161 |
| 2020 | $176 |
| 2019 | $173 |
| 2018 | $171 |
| 2017 | $163 |
| 2016 | $164 |
National averages based on a driver aged 35–55 with a clean record. Rates vary by location and insurer.
Source: MoneyGeek, Chevrolet Silverado 1500 insurance cost by model year, May 2026 (moneygeek.com/insurance/auto/chevrolet-silverado-1500-insurance/).
How the Silverado compares to other popular trucks (annual full coverage)
Insurance costs vary across the full-size truck segment. Here's how the Silverado stacks up against its main competitors, based on 2025–2026 data:
| Vehicle | Annual Full Coverage |
|---|---|
| Chevrolet Silverado 1500 | $2,687 |
| Ford F-150 | $2,630 |
| Ram 1500 | $2,080 (est.) |
| GMC Sierra 1500 | $2,630 (est.) |
| Toyota Tundra | $2,500 (est.) |
Silverado and F-150 figures from Bankrate, February 2026. Ram and Sierra figures are estimated from available published data. Individual rates vary by driver profile.
Source: Bankrate, car insurance by make and model, February 2026 (bankrate.com/insurance/car/chevrolet/silverado-1500/ and /ford/f-150/).
What types of coverage can you get for your Silverado?
Auto insurance coverage falls into two broad categories: coverage that protects other people (liability) and coverage that protects your own vehicle (collision and comprehensive). Most drivers carry both, but the right combination depends on your truck's current value, your loan situation, and your financial risk tolerance.
Full coverage for your Chevrolet Silverado
Full coverage bundles liability, collision, and comprehensive into a single policy. Liability pays for bodily injuries and property damage you cause to others. Collision covers repairs to your Silverado after an accident — with another vehicle, a guardrail, or any object — regardless of who caused the crash. Comprehensive covers losses that aren't collisions: theft, vandalism, hail damage, fire, and flooding.
For most Silverado owners, full coverage is the smart choice. The Silverado 1500 ranked as the third-most-stolen vehicle in the United States in 2024, with 21,666 thefts recorded, according to the National Insurance Crime Bureau. Comprehensive coverage is what protects you financially if your truck is among those targeted. If you financed your Silverado, your lender almost certainly requires full coverage anyway.
Bankrate's November 2025 data puts the national average for full Silverado coverage at $2,687 per year ($224/month). MoneyGeek's analysis of all model years (updated May 2026) shows a somewhat lower average of $1,899/year ($158/month), reflecting the broad mix of older and newer trucks in their dataset.
Source: Bankrate, February 2026 (bankrate.com/insurance/car/chevrolet/silverado-1500/); MoneyGeek, May 2026 (moneygeek.com/insurance/auto/chevrolet-silverado-1500-insurance/); NICB, Vehicle Thefts in the United States Fell 17% in 2024 (nicb.org/news/news-releases/vehicle-thefts-united-states-fell-17-2024).
State minimum liability for your Silverado
Liability-only coverage satisfies Nevada's legal requirement and is the least expensive option, at an estimated $835/year ($70/month) nationally for the Silverado (Bankrate, 2026). MoneyGeek's broader model-year average puts minimum coverage at $980/year ($82/month).
However, Nevada's 25/50/20 minimums may not be enough to cover all damages in a serious accident involving a full-size pickup. If you cause an accident resulting in significant medical bills and vehicle damage, and those costs exceed your limits, you're personally responsible for the difference. Drivers with significant assets should consider higher liability limits to protect themselves.
Liability-only is most appropriate for older Silverados whose current market value is modest enough that collision and comprehensive premiums no longer make financial sense — a threshold many financial planners put at about 10 times the annual comprehensive/collision premium.
Source: Bankrate, Silverado insurance rates, February 2026; MoneyGeek, Silverado 1500 insurance, May 2026.
Optional coverage add-ons for your Silverado
Beyond the core liability / collision / comprehensive package, several optional coverages are worth considering for Silverado owners:
- GAP coverage. If your Silverado is totaled or stolen while you still owe money on a loan, GAP coverage pays the difference between the insurer's actual cash value payout and your remaining loan balance.
- New vehicle replacement. Replaces a totaled truck with a brand-new equivalent model instead of paying the depreciated value — most useful in the first one to two years of ownership.
- Roadside assistance. Provides 24/7 help for flat tires, dead batteries, lockouts, and fuel delivery — particularly valuable if you use your Silverado for work or off-road activities.
- Rental reimbursement. Covers rental vehicle costs while your Silverado is being repaired after a covered claim, so you're not without transportation.
Your Liberty Choice agent can help you determine which optional coverages provide real value for your driving situation and budget.
How a DUI affects Silverado insurance rates
A DUI is one of the most expensive events on your driving record. National data indicates that drivers with a DUI conviction pay on average 70–93% more for full coverage than a comparable clean-record driver. Applied to the Silverado, that could mean an additional $1,880–$2,500 per year on top of your base premium, depending on your state and insurer.
In Nevada, a DUI also typically triggers an SR-22 filing requirement — a document your insurer files with the DMV confirming you carry at least the state minimum coverage. SR-22 status usually lasts three years from the conviction date. Some standard-market carriers will non-renew your policy after a DUI, but Liberty Choice has experience placing high-risk drivers with carriers who specialize in this segment. Working to rebuild a clean record over time is the most effective long-term strategy for reducing your rate.
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How to save on Chevrolet Silverado insurance
Silverado owners have multiple avenues to reduce their premium. Liberty Choice's network of 20+ carriers means we can identify and combine discounts from across the market:
- Multi-policy (bundling) discount. Combining your Silverado policy with homeowners or renters insurance can save 5–15% on both. Our system makes it straightforward to get a Car + Home bundle.
- Safe driver / telematics discount. Carriers with usage-based programs track driving behavior via an app or device and reward safe driving — particularly valuable for Silverado owners who drive consistently but not excessively.
- Low-mileage discount. If your Silverado is primarily a weekend or work-only vehicle, you may qualify for reduced rates based on annual mileage.
- Vehicle safety feature discount. Factory equipment like automatic emergency braking, blind-spot monitoring, and anti-theft systems can each earn credits.
- Military and affiliation discount. Active-duty service members and veterans may qualify for dedicated rate reductions through several Liberty Choice carrier partners.
About the Chevrolet Silverado
The Silverado has been Chevrolet's full-size pickup truck since 1998, when GM separated the name from the C/K series. Over its four generations, it has become one of the top two best-selling vehicles in the U.S. by annual volume, closely competing with the Ford F-Series. The Silverado is built on GM's full-size truck platform alongside the GMC Sierra and is manufactured at several plants across the United States.
The current fifth-generation Silverado (2019–present) offers an unusually broad powertrain menu: a turbocharged 2.7L four-cylinder (310 hp), a 4.3L V6 (285 hp), a 5.3L EcoTec3 V8 (355 hp), a 6.2L EcoTec3 V8 (420 hp), and a 3.0L Duramax turbo-diesel inline-six (277 hp). The first-gen electric Silverado EV, launched for the 2024 model year, adds an all-electric option for buyers who want GM's truck capability with zero tailpipe emissions.
Towing capacity tops out at 13,300 lbs with the right configuration, and payload capacity reaches up to 2,280 lbs depending on trim. That breadth of capability — from daily commuter to serious work truck — is a major reason the Silverado appeals to such a wide cross-section of buyers.
Silverado trims, engines, and standout features
- Cab and bed configurations. Available in Regular Cab, Double Cab (Extended Cab), and Crew Cab layouts with multiple bed lengths to suit work, family, or towing priorities.
- Engine lineup. Ranges from the fuel-efficient 2.7L turbocharged four-cylinder to the 6.2L V8 producing 420 horsepower — one of the most powerful engines available in a half-ton truck.
- Towing and payload. Maximum towing reaches 13,300 lbs (with the 6.2L V8); payload capacity tops out at 2,280 lbs depending on configuration.
- Super Cruise. GM's hands-free highway driving technology is available on higher trims — one of the most capable driver assistance systems in the full-size truck segment.
- Silverado EV. The 2024+ Silverado EV uses a Ultium-based electric platform with an estimated 400-mile range on the long-range WT trim.
- Off-road trims. The LT Trail Boss and Custom Trail Boss feature lifted suspension, Rancho shocks, and all-terrain tires for buyers who venture beyond pavement.
Questions
Frequently asked questions about Chevrolet Silverado insurance
What is the average cost to insure a Chevrolet Silverado?
Does the Silverado's theft rate affect my insurance premium?
Can I get coverage for the Silverado EV or Silverado HD?
Does my Silverado's safety equipment lower my rate?
What happens to my premium if I file a claim?
Get a Chevrolet Silverado insurance quote today
Ready to find you savings for your Silverado? Liberty Choice Insurance compares 20+ carriers to match you with reliable coverage at a price that fits your budget. Get a free online quote, visit our office at 6655 W Sahara Ave #A100, Las Vegas, NV 89146, or call 702-742-6322 to speak with one of our licensed agents today.
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