Finding cheaper insurance for a Chevy Silverado can be pretty simple, but it is dependent upon a complicated formula that considers factors such as miles driven annually, your occupation, and if you have a history of accidents. Texas drivers pay around $1,347 per year for Silverado insurance, but that figure is an estimate calculated using a 40-year-old single male driver with full physical damage coverage and $500 deductibles.
If we were betting, you may not be 40 years old (or even male), you might be married instead of single, and maybe you want different deductibles. Having the smallest difference in policy rating criteria or coverages can make a large difference in the cost of insurance.
Car insurance coverage is unique to each driver, so this is why the best way to find the cheapest insurance price for your Chevrolet is to put in the effort to do a thorough rate comparison. Quotes are free and easy and you will be able to compare rates from the best auto insurance companies that insure vehicles in Texas.
The specific model of Silverado can impact the insurance rate, so the rate you pay to insure a Silverado LS Regular Cab 2WD trim level will be $258 less than the price to insure the fancier Silverado Crew Cab Hybrid 4WD model, as shown in the chart below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Silverado LS Regular Cab 2WD||$204||$378||$520||$30||$156||$1,288||$107|
|Silverado LS Regular Cab 4WD||$204||$378||$462||$28||$138||$1,210||$101|
|Silverado LT Regular Cab 2WD||$234||$460||$520||$30||$156||$1,400||$117|
|Silverado LT Regular Cab||$234||$460||$520||$30||$156||$1,400||$117|
|Silverado LS Extended Cab 4WD||$234||$460||$462||$28||$138||$1,322||$110|
|Silverado LT Extended Cab 4WD||$234||$460||$462||$28||$138||$1,322||$110|
|Silverado LT Extended Cab 2WD||$234||$460||$520||$30||$156||$1,400||$117|
|Silverado LS Extended Cab 2WD||$234||$460||$520||$30||$156||$1,400||$117|
|Silverado LT Crew Cab 4WD||$264||$542||$462||$28||$138||$1,434||$120|
|Silverado LS Crew Cab 2WD||$264||$542||$520||$30||$156||$1,512||$126|
|Silverado LS Crew Cab 4WD||$264||$542||$462||$28||$138||$1,434||$120|
|Silverado LT Crew Cab 2WD||$264||$542||$520||$30||$156||$1,512||$126|
|Silverado LTZ Extended Cab 2WD||$264||$542||$520||$30||$156||$1,512||$126|
|Silverado LTZ Extended Cab 4WD||$264||$542||$462||$28||$138||$1,434||$120|
|Silverado LTZ Crew Cab 2WD||$264||$542||$520||$30||$156||$1,512||$126|
|Silverado LTZ Crew Cab 4WD||$264||$542||$462||$28||$138||$1,434||$120|
|Silverado Crew Cab Hybrid 2WD||$264||$624||$462||$28||$138||$1,516||$126|
|Silverado Crew Cab Hybrid 4WD||$294||$624||$462||$28||$138||$1,546||$129|
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Prices based on single male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Texas minimum liability limits. Discounts applied include multi-vehicle, homeowner, multi-policy, claim-free, and safe-driver. Estimates do not factor in garaging location in Arlington which can alter auto insurance rates significantly.
Determining which company quotes the most affordable auto insurance rates for a Chevy Silverado takes a bit more effort in order to find coverage that fits your budget. Every insurance provider uses their own method to establish rates, so we need to take a look at the overall cheapest auto insurance companies in Texas.
It’s a good idea to know that Arlington, TX auto insurance rates are influenced by many factors which can substantially decrease or increase the policy price. Simply turning a year older, becoming a homeowner, or getting a ticket for careless driving can trigger changes in premium resulting in some rates now being much cheaper than others.
Best Car Insurance Prices for Your Silverado Truck
|Rank||Company||Cost Per Year|
|3||Texas Farm Bureau||$1,235|
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Travelers generally has some of the lowest car insurance rates in Arlington at around $1,041 annually. USAA, Texas Farm Bureau, Germania Mutual, and Esurance also make the cut as some of the more affordable Arlington, TX auto insurance companies.
In the rate table above, if you currently have a policy with USAA and switched to Travelers, you might realize annual savings of upwards of $43. Insureds with Texas Farm Bureau may save as much as $194 a year, and Germania Mutual policyholders might lower prices by $253 a year.
It’s important to note that these estimates are averages across all insureds and vehicles and do not factor in a specific location for a Chevy Silverado. So the car insurance company that fits your situation best may not even be in the top 23 companies shown above. That underscores the importance of why you need to quote rates from many companies using your own driver and vehicle profiles.
Discounts on Arlington insurance
Insurers that offer cheap quotes for a Chevy Silverado may have policy discounts that may potentially lower prices by as much as 35% if you are eligible for them. A list of companies and their possible discounts are shown below.
- State Farm offers discounts including accident-free, multiple policy, Steer Clear safe driver discount, good student, passive restraint, multiple autos, and student away at school.
- GEICO discounts include multi-policy, anti-lock brakes, anti-theft, defensive driver, and five-year accident-free.
- Progressive policyholders can earn discounts including online signing, homeowner, good student, multi-vehicle, multi-policy, and online quote discount.
- 21st Century may include discounts for student driver, anti-lock brakes, air bags, theft prevention, and 55 and older.
- American Family includes discounts for good student, multi-vehicle, mySafetyValet, accident-free, TimeAway discount, defensive driver, and air bags.
- The Hartford has discounts for anti-theft, bundle, defensive driver, driver training, vehicle fuel type, and air bag.
- AAA may offer discounts for education and occupation, AAA membership discount, pay-in-full, multi-car, and anti-theft.
The diagram below visualizes the comparison of insurance premiums with and without some available policy discounts. The data is based on a male driver, no claims or violations, Texas state minimum liability limits, comprehensive and collision coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second bar shows the rates with anti-theft, marriage, safe-driver, vehicle safety, homeowner, and multiple policy discounts applied. When discounts are applied, the average amount saved each year on auto insurance for a Chevy Silverado is 28% or $758.
How careless driving impacts auto insurance rates
The common sense way to earn good auto insurance premiums in Texas for a Silverado pickup is to be an attentive driver and avoid accidents and keep your driving record clean. The diagram below shows how traffic citations and fender-benders raise car insurance rates for different categories of driver ages. Data assumes a married female driver, full physical damage coverage, $100 deductibles, and no additional discounts are factored in.
In the prior example, the average cost of car insurance per year with a clean driving record and no accidents is $1,802. Get one speeding ticket and the average cost rises to $2,098, an increase of $296 each year. Then add two accidents along with the one speeding ticket and the yearly cost of auto insurance for a Chevy Silverado increases to an average of $4,676. That’s an increase of $2,874, or $240 per month, just for not driving attentively!
Why you should be shopping around
Texas auto insurance rates are calculated based on many things that may substantially change the price of your policy. Getting older, having a claim, or getting a DUI can trigger price changes resulting in some rates now being cheaper than others. Not only may things change on your end, but insurance companies change rates every year to adjust for heavy claims or excess profits. Heavy losses may result in rate increases, while lower claim expenses may cause cheaper Silverado insurance rates.
To illustrate this example, the data below compares the cheapest car insurance in Arlington, TX for a 30-year-old male driver with a clean driving record, no accidents, and a high credit rating. Based on his current risk profile, Travelers has the best car insurance rates in Arlington at $1,149 a year. This is $755 less than the average rate paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and California Casualty are the rest of the cheapest Arlington, TX auto insurance companies.
Now let’s give the driver from above a claim or two, bad credit, and a traffic ticket or two. Since every insurance provider has a different process to establish rates, comparing quotes most likely will result in a substantially altered list of the cheapest car insurance companies in Arlington as shown below.
State Farm now has the cheapest car insurance in Arlington, TX with Mercury, Nationwide, Safe Auto, and USAA also having competitive pricing. This shows why it is crucial to do a thorough rate comparison when trying to find the most affordable auto insurance quotes for a Chevy Silverado. Insurance prices are impacted by many risk factors and can change without notice, so the most economical company three years ago may now be an over-priced policy.
How to find the cheapest car insurance for a Chevy Silverado
The list below details a few penny-pinching suggestions that can help you locate lower-cost car insurance.
- Bundle home or renters insurance to earn a discount on car insurance
- Vehicles with good safety ratings are usually cheaper to insure
- Drop full coverage on older vehicles
- Remain accident-free and save
- If possible, do not file small claims
- Avoid getting citations and tickets
- Comparison shop frequently
The final tip is highly significant, as was noted in the prior information. Insurance rates can change considerably in a year, so drivers shouldn’t hesitate to switch to a new company if a cheaper rate is available. Many drivers prefer to stick with one company, but it’s not a good idea if that devotion results in you overpaying thousands of dollars over the life of your policy. In less than five minutes you could shop around to find cheaper insurance for a Chevy Silverado in Arlington.
The insurance agents in Arlington listed below are willing to help you make a decision which car insurance company is the best fit, as many people would rather have a professional recommendation when shopping for the best coverage for a Chevy Silverado. It can be hard to find the best policy on your own, and a professional agent can provide you peace of mind knowing your policy gives you enough coverage if you have a claim. To locate an Arlington insurance agent nearest to you, click the link at the bottom.
Mike Zapata – State Farm Insurance Agent
1115 E Pioneer Pkwy #140 – Arlington, TX 76010 – (817) 277-2021
Nationwide Insurance: Al Sicard Agency Group LLC
1818 E Abram St – Arlington, TX 76010 – (817) 460-3377
State Farm: Dean Berube
6109 S Cooper St #121 – Arlington, TX 76001 – (817) 856-0300