Finding cheap auto insurance for a Chevy Silverado is pretty easy to do, but it relies on a large number of factors such as whether you are a homeower, your credit status, and your motor vehicle report. Drivers in North Carolina pay approximately $881 each year for Silverado insurance, but that is based upon a 40-year-old single male driver with both comprehensive and collision coverage and $500 deductibles.
But there is a good chance that you are not 40 and maybe not even a male, possibly married instead of single, or maybe you want different physical damage deductibles. Even a minor difference in rating variables or coverage information can make a big difference in how much insurance for a Chevy Silverado costs.
Having different needs demonstrates why the only real way to find the cheapest coverage for your Chevrolet is to compare as many rates as possible.
The trim level of your vehicle impacts the cost of insurance, so the price you will pay to insure a Silverado LS Regular Cab 2WD will be $166 less than the price to insure 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||$134||$248||$340||$20||$102||$844||$70|
|Silverado LS Regular Cab 4WD||$134||$248||$302||$18||$90||$792||$66|
|Silverado LT Regular Cab 2WD||$154||$300||$340||$20||$102||$916||$76|
|Silverado LT Regular Cab||$154||$300||$340||$20||$102||$916||$76|
|Silverado LS Extended Cab 4WD||$154||$300||$302||$18||$90||$864||$72|
|Silverado LT Extended Cab 4WD||$154||$300||$302||$18||$90||$864||$72|
|Silverado LT Extended Cab 2WD||$154||$300||$340||$20||$102||$916||$76|
|Silverado LS Extended Cab 2WD||$154||$300||$340||$20||$102||$916||$76|
|Silverado LT Crew Cab 4WD||$174||$354||$302||$18||$90||$938||$78|
|Silverado LS Crew Cab 2WD||$174||$354||$340||$20||$102||$990||$83|
|Silverado LS Crew Cab 4WD||$174||$354||$302||$18||$90||$938||$78|
|Silverado LT Crew Cab 2WD||$174||$354||$340||$20||$102||$990||$83|
|Silverado LTZ Extended Cab 2WD||$174||$354||$340||$20||$102||$990||$83|
|Silverado LTZ Extended Cab 4WD||$174||$354||$302||$18||$90||$938||$78|
|Silverado LTZ Crew Cab 2WD||$174||$354||$340||$20||$102||$990||$83|
|Silverado LTZ Crew Cab 4WD||$174||$354||$302||$18||$90||$938||$78|
|Silverado Crew Cab Hybrid 2WD||$174||$408||$302||$18||$90||$992||$83|
|Silverado Crew Cab Hybrid 4WD||$192||$408||$302||$18||$90||$1,010||$84|
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Data variables include single male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and North Carolina minimum liability limits. Discounts applied include multi-vehicle, multi-policy, claim-free, safe-driver, and homeowner. Estimates do not factor in vehicle garaging location which can lower or raise coverage rates substantially.
Locating budget insurance is challenging, and determining which company has the best auto insurance rates for a Chevy Silverado takes even more work. Every auto insurer has a different formula for setting rates, so let’s take a look at the auto insurance companies that tend to have lower prices in Raleigh, NC.
It’s important to know that Raleigh, NC auto insurance rates are influenced by many factors which can substantially decrease or increase the policy price. Improving your financial situation, having a claim, or having a fender bender may prompt premium changes that may make certain companies much cheaper than others.
Best Insurance Companies for Your Silverado Truck
|Rank||Company||Cost Per Year|
|4||NC Farm Bureau||$709|
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Progressive generally has some of the lowest car insurance rates in Raleigh at around $639 per year. Utica National, Liberty Mutual, NC Farm Bureau, and GEICO would also be considered some of the best Raleigh, NC insurance companies.
In the above example, if you are a policyholder with NC Farm Bureau and switched to Utica National, you might realize annual savings of in the vicinity of $47. Customers with GEICO might save as much as $58 a year, and Penn National customers might cut rates by $77 a year.
If you would like to find cheaper car insurance rates, click here to start your free quote or visit any of the companies below.
These prices are averaged across all types of drivers and the different vehicles they drive and do not take into consideration a vehicle location for a Chevy Silverado. So the insurer that can offer you the lowest price may not even be in the top 20 companies shown above. That emphasizes why you need to get quotes using your own driver data and vehicle information.
Safe drivers pay less for auto insurance
The recommended way to find cheap auto insurance premiums in Raleigh for a Silverado pickup is to drive safe and avoid traffic citations and accidents. The information below demonstrates how speeding tickets and accident claims drive up yearly insurance costs for each different age category. The prices are based on a single male driver, full coverage, $250 deductibles, and no discounts are applied.
In the example above, the average cost of auto insurance per year with a clean driving record and no accidents is $1,785. Receive two speeding tickets and the average cost hikes up to $2,365, an increase of $580 each year. Next add one accident along with the two speeding tickets and the 12-month cost of auto insurance for a Chevy Silverado goes up to an average of $2,949. That’s an increase of $1,164, or $97 per month, just for being a careless driver!
Full coverage rates compared to liability-only
Paying a lower price for auto insurance is important to most people, and one great way to find cheaper insurance for a Chevy Silverado is to not buy full coverage. The illustration below shows the comparison of annual premium costs with and without physical damage coverage. The data is based on no violations or accidents, $250 deductibles, drivers are not married, and no policy discounts are applied.
If averaged for all ages, physical damage insurance costs an additional $1,801 per year over and above liability only. That may make you wonder if buying full coverage is worth the money. There is no definitive guideline that works best for making the decision to drop comp and collision coverage, but there is a broad guideline. If the yearly cost for physical damage coverage is 10% or more of the settlement you would receive from your company, then it may be the right time to buy liability only.
How to find low-cost auto insurance for a Chevy Silverado
Below you’ll find some of the better penny-pinching solutions that can help Raleigh drivers find lower-cost auto insurance.
- Drive safe vehicles
- Pay cheaper rates with good credit scores
- Claim-free policyholders usually earn a discount
- Being accident-free can lower rates significantly
- Keep your driving record clean
- Comparison shop frequently
The last idea is particularly important, as we noted in this write-up. Prices charged by auto insurers can be changed at any time, so don’t be afraid to change to a new company if a better rate can be found.
Having brand loyalty is commendable, but it’s not recommended if that faithfulness ends up costing you money that could be spent on other things. If you have a few minutes, now is a great time to compare rates to find cheaper auto insurance for a Chevy Silverado in Raleigh.
If you aren’t sure which coverage you need and prefer to get some help when shopping around for cheaper insurance for a Chevy Silverado, the agents listed below can probably aid you in deciding which auto insurance coverages would be the best in your situation.
To locate an agency using an interactive map, click the button after the list.
Lindsay Gianni – State Farm Insurance Agent
12333 Strickland Rd #106 – Raleigh, NC 27613 – (919) 329-2913
Gina Tickle – State Farm Insurance Agent
8212 Creedmoor Rd #101 – Raleigh, NC 27613 – (919) 847-9774
Bagwell and Bagwell Insurance
2626 Glenwood Ave #300 – Raleigh, NC 27608 – (919) 832-6667