How much is insurance on a Chevrolet Silverado?
A 2024 Chevrolet Silverado runs about $2,130 a year for a typical 45-year-old, $190 more than an average car of the same age: more damage to others' property and more injury claims outweigh lower non-crash losses and lower crash-repair losses. Putting a new 16-year-old on a family policy with the Silverado adds about $1,410 a year (#4 of 5 large pickups we compare).
2024 Chevrolet Silverado (Silverado 2WD), national average
about $2,130 a year (about $180 a month)
Estimated range: $1,550–$2,850. Actual quotes can fall outside it.
An average car of the same age (what HLDI's 2022–24 results measure against) runs about $1,940 a year. A used 2013 Silverado drops to about $1,650 (see the table below).
Priced for the 2024 Silverado 2WD, the newest year covered by HLDI's loss data (2022–24 models), for a 45-year-old driver with a clean record and full coverage. HLDI's results combine drivers of all ages. We apply them to one example driver (a 45-year-old with a clean record) so pages are comparable; they aren't specific to 45-year-olds. Each state raises or lowers every car's price by the same percentage, so the Silverado's rank is the same in every state.
Why the Chevrolet Silverado costs what it does
What HLDI reports (2022–24 models, all drivers combined)
The Highway Loss Data Institute (HLDI) compares each model's insurance losses with an average car's. HLDI lists this model as 3 versions (Chevrolet Silverado 1500, Chevrolet Silverado 1500 crew cab and Chevrolet Silverado 1500 ext. cab). Taking the middle of them, on HLDI's scale where 100 is an average car and lower is better, it reports 94 for crash repairs, 70 for non-crash damage, 152 for damage to others' property, and 141 for injury claims.
- Crash repairs (collision)fixing this car after a crashAverage6% better than average3rd best of the 5 large pickups we compare
- Non-crash damage (comprehensive)theft, weather, fire, vandalism, glass, and animal strikesBetter than average30% better than averagebest of the 5 large pickups we compare
- Damage to others' property (property damage liability)other people's cars and property, when this car's driver is at faultSubstantially worse than average52% worse than averageworst of the 5 large pickups we compare
- Injuries to others (bodily injury liability)how often injury claims are filed against this car's drivers, not how much they costWorse than averagefiled 41% more often than average4th best of the 5 large pickups we compare
HLDI rates results within about 20% of average as “Average.”
Source: HLDI, insurance losses by make and model, 2022–24 models.
What we estimate that means for price
Prices move less than loss results do: a car's loss record is only one of many things insurers weigh, and each weighs it differently. So we count only part of HLDI's difference. Combining crash repairs and non-crash damage (weighted about 71% and 29%, the share each makes up of industry claim costs), the Silverado comes out about 13% better than average. We count about 40% of that difference, so the part of the bill that fixes the car is about 5% less than average: about $900 a year vs $950. On the liability side, damage to others and injury claims combine to about 46% worse than average. We count about half, so that part is about 24% more: $1,230 a year vs $990.
In EPA size classes, the Silverado is a full-size pickup (gas-powered). In Highway Loss Data Institute loss tables, the Chevrolet Silverado is benchmarked against large pickups.
Matched to HLDI series “Chevrolet Silverado 1500; Chevrolet Silverado 1500 crew cab; Chevrolet Silverado 1500 ext. cab” (HLDI, 2022–24 models).
A used Chevrolet Silverado, by model year
| Model year | Full coverage | Liability only | Adding a teen | Teen on their own policy |
|---|---|---|---|---|
| 2024 Silverado 2WD (0–3 years old) | about $2,130 | about $1,230 | +$1,410 | about $6,120 |
 2022 Silverado 2WD (4–7 years old) | about $2,020 | about $1,230 | +$1,330 | about $5,810 |
 2018 Silverado C15 2WD (8–12 years old) | about $1,800 | about $1,120 | +$1,190 | about $5,170 |
 2013 Silverado C15 2WD (13 or more years old) | about $1,650 | about $1,080 | +$1,090 | about $4,750 |
Our catalog covers the Chevrolet Silverado across model years 2006–2026. Full coverage on a used 2013 Silverado (13 or more years old) runs about $1,650 a year, $480 less than on a 2024. Dropping collision and comprehensive on that 2013 brings liability-only coverage to about $1,080 a year. Each photo shows that year's generation of the car. Photo credits.
Across 2024 Chevrolet Silverado trims, full coverage goes from about $1,920 a year on the Silverado 4WD to about $2,130 on the Silverado 2WD, because HLDI's loss results differ by body, drive, or powertrain.
- Silverado 4WD; Silverado 4WD ZR2; Silverado Mud Terrain Tires 4WD: about $1,920
- Silverado EV: about $1,970
- Silverado 2WD: about $2,130
On a policy of their own with a 2024 Chevrolet Silverado, a 22–25-year-old pays about $2,770 a year ($640 more than a 45-year-old), a 26–39-year-old about $2,370, and a driver 65 and older about $2,240.
Adding a 16-year-old with a Chevrolet Silverado
A new driver costs more with any car, and more than usual with the Chevrolet Silverado: adding a 16-year-old raises the family bill by about $1,410 a year ($120 a month), $130 more than adding a teen with an average car of the same age. A separate policy in the 16-year-old's own name runs about $6,120 a year ($4,710 more than adding them to the family policy).
For adding a teen driver, the Chevrolet Silverado ranks 27th most expensive out of all 121 models we track. Stepping down to a used 2013 Silverado (13 or more years old) brings the teen add-on to about $1,090 a year.
That increase is how much the family bill goes up with a new 16-year-old driving this car. Cheapest cars to insure for a teen.
Similar large pickups
Among these 5 large pickups, the Chevrolet Silverado is the 2nd most expensive to insure. Right next to it are the GMC Sierra (about $2,010 a year) and the Ram 1500 (about $2,180).
2024 Toyota Tundraabout $1,920 ($210 less)
2024 Ford F-150about $1,990 ($140 less)
2024 GMC Sierraabout $2,010 ($120 less)- 2024 Chevrolet Silveradoabout $2,130 (this car)
2024 Ram 1500about $2,180 (about the same)
Photos from Wikimedia Commons contributors. Photo credits.
What a Chevrolet Silverado costs in your state
In six sample states, a 2024 Chevrolet Silverado runs from about $1,420 a year in North Dakota through Montana, Pennsylvania, Arizona and Rhode Island to about $2,560 in Texas:
- North Dakotaabout $1,420/yr · +$940 teen
- Montanaabout $1,750/yr · +$1,160 teen
- Pennsylvaniaabout $1,890/yr · +$1,240 teen
- Arizonaabout $2,230/yr · +$1,470 teen
- Rhode Islandabout $2,530/yr · +$1,670 teen
- Texasabout $2,560/yr · +$1,690 teen
All 50 states and DC · Updated .
Both start from your own situation if you've set one. For crash safety, see IIHS and NHTSA ratings.
This is an estimate to help you plan, not a quote. We don't sell insurance, and nothing you type is sent to us. Only an insurer can give you a real price.