Buying cheaper car insurance for a Chevy Silverado doesn’t take a ton of time, but it relies on a complex formula that considers things such as how many years you have been driving, whether or not you have filed claims in the past, and any past driving violations you may have had. Drivers pay around $936 a year for Silverado insurance, but that is an estimate based upon a 50-year-old single female driver with both comprehensive and collision coverage and $1,000 deductibles.
But there is a high likelihood that you aren’t exactly 50 years old or even a female, maybe you are married instead of single, or maybe you are just looking for cheap liability insurance. Having what appears to be a very minor change in rating factors or requested coverage amount can result in a large change in the cost of insurance for a Chevy Silverado.
Each driver’s needs are different, and that demonstrates why the way we recommend to find the cheapest insurance price for your Chevrolet is to compare as many rates as possible.
Compare Chevrolet Silverado Insurance Rates
The specific model of Silverado has an effect on the yearly cost, so the price to insure a Silverado LS Regular Cab 2WD will be $130 cheaper than the cost to insure the higher-priced Silverado Crew Cab Hybrid 4WD trim level, as shown by the rates below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Silverado LS Regular Cab 2WD||$120||$220||$426||$26||$128||$920||$77|
|Silverado LS Regular Cab 4WD||$120||$220||$378||$22||$114||$854||$71|
|Silverado LT Regular Cab 2WD||$138||$268||$426||$26||$128||$986||$82|
|Silverado LT Regular Cab||$138||$268||$426||$26||$128||$986||$82|
|Silverado LS Extended Cab 4WD||$138||$268||$378||$22||$114||$920||$77|
|Silverado LT Extended Cab 4WD||$138||$268||$378||$22||$114||$920||$77|
|Silverado LT Extended Cab 2WD||$138||$268||$426||$26||$128||$986||$82|
|Silverado LS Extended Cab 2WD||$138||$268||$426||$26||$128||$986||$82|
|Silverado LT Crew Cab 4WD||$154||$316||$378||$22||$114||$984||$82|
|Silverado LS Crew Cab 2WD||$154||$316||$426||$26||$128||$1,050||$88|
|Silverado LS Crew Cab 4WD||$154||$316||$378||$22||$114||$984||$82|
|Silverado LT Crew Cab 2WD||$154||$316||$426||$26||$128||$1,050||$88|
|Silverado LTZ Extended Cab 2WD||$154||$316||$426||$26||$128||$1,050||$88|
|Silverado LTZ Extended Cab 4WD||$154||$316||$378||$22||$114||$984||$82|
|Silverado LTZ Crew Cab 2WD||$154||$316||$426||$26||$128||$1,050||$88|
|Silverado LTZ Crew Cab 4WD||$154||$316||$378||$22||$114||$984||$82|
|Silverado Crew Cab Hybrid 2WD||$154||$364||$378||$22||$114||$1,032||$86|
|Silverado Crew Cab Hybrid 4WD||$172||$364||$378||$22||$114||$1,050||$88|
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Table data assumes single female driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Massachusetts minimum liability limits. Discounts applied include safe-driver, claim-free, multi-vehicle, homeowner, and multi-policy. Estimates do not factor in Boston location which can alter auto insurance rates significantly.
Comparing quotes for reasonably-priced auto insurance is challenging, and determining which company offers the lowest-priced insurance rates for a Chevy Silverado involves even more perseverance. Every insurance provider uses a slightly different approach to establish rates, so let’s take a look at the insurance companies with the overall cheapest rates in Massachusetts.
Cheapest Insurance Rates for Your Silverado Truck
|Rank||Company||Cost Per Year|
|2||National Grange Mutual||$799|
|8||Norfolk and Dedham||$1,036|
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State Farm may offer some of the most affordable car insurance rates in Boston at around $733 each year. This is $502 less than the average policy premium paid by Massachusetts drivers of $1,235. National Grange Mutual, GEICO, Commerce Group, and OneBeacon would also make the list of some of the most economical Boston, MA auto insurance companies.
As illustrated above, if you are currently insured with Commerce Group and switched to State Farm, you could earn an annual premium reduction of around $178. Policyholders with OneBeacon may save as much as $179 a year, and Arbella insureds might reduce prices by as much as $277 a year.
Bear in mind that those premium estimates are averaged across all types of drivers and the different vehicles they drive and and are not calculated with an exact zip code location for a Chevy Silverado. So the car insurance company that fits your situation best may not even be in the list above. That emphasizes why you need to get rate quotes from many companies using your own driver and vehicle profiles.
Get discounts on Boston auto insurance
Auto insurance companies that provide policies for a Chevy Silverado may additionally offer discounts that could lower prices by as much as 35% if you can meet the requirements. A list of companies and some of their more popular discounts include:
- GEICO may include discounts for multi-vehicle, daytime running lights, good student, seat belt use, defensive driver, federal employee, and military active duty.
- Auto-Owners Insurance includes discounts for multi-policy, paperless, safe driver, multiple vehicles, good student, and anti-theft.
- American Family has savings for good student, TimeAway discount, early bird, Steer into Savings, mySafetyValet, and air bags.
- Esurance offers premium reductions for DriveSense, anti-lock brakes, Pac-12 alumni, online quote, and paid-in-full.
- Progressive has discounts for multi-vehicle, multi-policy, homeowner, continuous coverage, online signing, good student, and online quote discount.
- State Farm discounts include multiple autos, multiple policy, passive restraint, good student, defensive driving training, Steer Clear safe driver discount, and anti-theft.
- AAA may offer discounts for education and occupation, pay-in-full, multi-car, multi-policy, and AAA membership discount.
The information below illustrates the difference between premium costs with and without some available policy discounts. Data assumes a female driver, no claims, a clean driving record, Massachusetts state minimum liability limits, comp and collision included, and $1,000 deductibles. The first bar for each age group shows the average rate with no discounts. The lower bar shows the rates with homeowner, defensive driving course, safe-driver, claim-free, marriage, and passive restraint discounts applied. When taking advantage of discounts, theaverage amount saved on insurance for a Chevy Silverado is 28% or $507.
Your low-price policy may be costing you money
Boston, MA insurance rates are calculated based on many things that control the price you pay for coverage. Simply having a birthday, having a teen driver, or getting a ticket for running a stop sign may generate price changes that may make certain companies cheaper than others.
In addition, car insurance companies change their prices as often as every three months in order to maintain liquidity for claims. Heavier than normal losses may result in increased policy costs, while profitable underwriting may cause cheaper Silverado insurance rates.
The bar chart below demonstrates which company has the cheapest car insurance in Boston, MA for a 35-year-old male driver with no violations or accidents, and great credit. Based on his current risk factors, State Farm might quote the most affordable car insurance rates in Boston at $978 annually. This is $257 less than the average premium paid by Massachusetts drivers of $1,235. National Grange Mutual, GEICO, OneBeacon, and Commerce Group also make the list of the cheapest Boston, MA auto insurance companies.
Now let’s give the driver from above an accident surcharge, a lower credit score, and a blemish on his driving record. Since each auto insurer has a unique formula for filing rates in each state, comparing insurance quotes could result in a different list of affordable Boston car insurance companies as shown below.
Arbella now has the best car insurance rate in Boston, MA with USAA, Norfolk and Dedham, Amica, and GEICO now being in the top five. This demonstrates why it is important to take the time to shop around when trying to find the most affordable car insurance quotes for a Chevy Silverado.
Insurance prices can be determined by many factors and change substantially, so the best company three years ago may now be costing you a lot of money.
How to find more affordable auto insurance for a Chevy Silverado
Lowering your rates is not difficult, and here are many money-saving suggestions that can help drivers find more affordable car insurance.
- Safe vehicles generally have lower rates
- Good credit can save money
- Having at-fault accidents will increase rates
- Violations and traffic tickets increase rates
- Try paying for small claims out-of-pocket
- Keep rates low by shopping around frequently
The last idea is notably significant, as we pointed out in the prior article. Coverage prices in Boston adjust frequently, so don’t be unwilling to change insurance companies if you can find a cheaper rate. Staying with the same company for years is fine, but it’s not a great idea if that devotion results in you overpaying a lot of money every month. Spend a few minutes and compare prices to find cheaper auto insurance for a Chevy Silverado.
The insurance agents in Boston listed below can provide answers to your questions and help you determine which auto insurance policy fits you best, as some drivers have questions and prefer to have a professional recommendation when comparing insurance rates for a Silverado pickup. It can be challenging to find the best policy on your own, and a professional agent can give you peace of mind knowing your coverage gives you enough protection.
To locate a Boston auto insurance agent close to you, click the link after the list or click here to compare rates now.
- Baltic Insurance Agency
597 E Broadway – South Boston, MA 02127 – (617) 268-6030
- Pilgrim Insurance Co
695 Atlantic Ave – Boston, MA 02111 – (617) 956-6000
- American Agency Systems Insurance
156 Porter St – Boston, MA 02128 – (617) 418-5089