Compare the Cost of Chevy Silverado Insurance by Model Year and Company

The cost of car insurance varies based on the driver's age. For a 16-year-old driving a 2009 Chevy Silverado, a full coverage policy costs an average $5,401 per year, while a 40-year-old driver can expect to pay about $1,156 per year. For a 2022 model, a 16-year-old pays around $6,692 per year, and a 40-year-old driver only pays $1,156 per year.

MoneyGeek also analyzed the best insurance companies for balancing affordable rates and good service.

On average, car insurance for a Chevy Silverado costs $1,340 per year, but your rates may differ according to your insurer. You can find the cheapest car insurance from State Farm at $1,088 per year for full coverage policies. Farmers is the most expensive company, with rates of $1,561 per year for a full coverage policy.

If you're looking for minimum coverage, State Farm is also the cheapest option at $512 per year. On the other hand, Farmers is the most expensive company, with rates of $781 per year for a minimum coverage policy.

Many factors affect the cost of car insurance, including the value of the car, the model year and the theft rate. In general, Chevy Silverados are cheap to insure compared to other vehicles. Certain models tend to be cheaper to insure due to their lower value, repair costs and theft rates. When looking for car insurance, consider shopping around to find a policy that fits your needs.

When looking for car insurance, it’s important to consider an insurer's customer service and claims experience in addition to their rates. These companies offer the best car insurance for a Chevy Silverado:

• State Farm: MoneyGeek score of 90 out of 100 ($1,088 per year)
• GEICO: MoneyGeek score of 89 out of 100 ($1,137 per year)

State Farm received the best ratings for affordability and ranked second for customer satisfaction. Not only is it the cheapest company, but it also provides quality service to its clients.

The average cost of car insurance for a 2009 Chevy Silverado is $1,156 per year, and it costs around $1,476 per year to insure a 2022 Chevy Silverado. Newer car models usually have higher insurance costs due to their higher market values.

The average cost of car insurance for a Chevy Silverado is influenced by your insurance provider. For a 2009 model, State Farm has the lowest average annual cost at $880, and for a 2022 model, GEICO is the cheapest at $1,231 per year.

Younger drivers, including teenagers and those in their 20s, generally face higher insurance premiums compared to older drivers. For instance, a 16-year-old driver pays an average of $6,025 per year to insure a Chevy Silverado, whereas a 40-year-old driver pays only $1,306 annually for similar coverage. Car insurance for teens becomes cheaper every year a driver ages in their teens and typically stabilizes as they reach their 20s.

Teenagers can save on car insurance by being included on a family plan rather than getting individual plans, which have higher premiums. It's also important to keep in mind that in most cases, teens under 18 are legally required to have a parent or guardian co-sign in order to purchase an individual policy.

State Farm offers the most affordable rates for an individual policy for a 16-year-old driver of a 2022 Chevy Silverado at $4,104 per year. Meanwhile, Farmers is the most expensive option at $9,309 per year. It’s important to compare insurance plans from various companies to find the cheapest car insurance for teens, regardless of whether you opt for an individual or family plan.

Your location is another factor that can significantly impact your insurance rates. The most affordable insurer for a given car differs from state to state. On average, Idaho has the cheapest car insurance rates, and Florida has the most expensive. To find the best rates, it's wise to compare quotes from the cheapest insurers in your state.

MoneyGeek answered some frequently asked questions about Chevy Silverado insurance to help you find the best option for you.