Buying the cheapest car insurance for a Chevy Silverado in Illinois doesn’t take a lot of effort, but it depends on lots of different rating factors such as how far you commute, if you are a frequent claim filer, and if you have a history of accidents. Drivers pay around $1,144 a year for Silverado insurance, but that figure is calculated using a 30-year-old single female driver with both comprehensive and collision coverage and $250 deductibles.
When making auto insurance estimates, the issue arises that you may not be 30 years old (or even female), married instead of single, and you want different coverage limits than the example. Having even a minor difference in the factors used in pricing a policy could result in a significant change in the cost of insuring your Silverado.
Not everyone needs the same coverages, so the way we recommend to find affordable rates for your Chevrolet is to compare as many rates as you can. Do a quick rate comparison now and you will get price quotes from some of the best companies around.
The specific model of Silverado will influence the insurance rate, so the price you pay to insure a Silverado LS Regular Cab 2WD trim level will be $246 less than the price to insure the higher-priced Silverado Crew Cab Hybrid 4WD version, as shown by the rates below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Silverado LS Regular Cab 2WD||$196||$344||$398||$24||$120||$1,082||$90|
|Silverado LS Regular Cab 4WD||$196||$344||$352||$20||$106||$1,018||$85|
|Silverado LT Regular Cab 2WD||$224||$418||$398||$24||$120||$1,184||$99|
|Silverado LT Regular Cab||$224||$418||$398||$24||$120||$1,184||$99|
|Silverado LS Extended Cab 4WD||$224||$418||$352||$20||$106||$1,120||$93|
|Silverado LT Extended Cab 4WD||$224||$418||$352||$20||$106||$1,120||$93|
|Silverado LT Extended Cab 2WD||$224||$418||$398||$24||$120||$1,184||$99|
|Silverado LS Extended Cab 2WD||$224||$418||$398||$24||$120||$1,184||$99|
|Silverado LT Crew Cab 4WD||$252||$492||$352||$20||$106||$1,222||$102|
|Silverado LS Crew Cab 2WD||$252||$492||$398||$24||$120||$1,286||$107|
|Silverado LS Crew Cab 4WD||$252||$492||$352||$20||$106||$1,222||$102|
|Silverado LT Crew Cab 2WD||$252||$492||$398||$24||$120||$1,286||$107|
|Silverado LTZ Extended Cab 2WD||$252||$492||$398||$24||$120||$1,286||$107|
|Silverado LTZ Extended Cab 4WD||$252||$492||$352||$20||$106||$1,222||$102|
|Silverado LTZ Crew Cab 2WD||$252||$492||$398||$24||$120||$1,286||$107|
|Silverado LTZ Crew Cab 4WD||$252||$492||$352||$20||$106||$1,222||$102|
|Silverado Crew Cab Hybrid 2WD||$252||$568||$352||$20||$106||$1,298||$108|
|Silverado Crew Cab Hybrid 4WD||$282||$568||$352||$20||$106||$1,328||$111|
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Table data represents single female driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Illinois minimum liability limits. Discounts applied include multi-policy, multi-vehicle, safe-driver, homeowner, and claim-free. Rate information does not factor in the specific area where the vehicle is garaged which can decrease or increase rates substantially.
Shopping around for budget auto insurance is challenging, and finding out which company quotes the cheapest car insurance rates for a Chevy Silverado may require even more work. Each company has a unique approach to set policy rates, so let’s take a look at the overall cheapest car insurance companies in Illinois.
It’s important to know that Illinois car insurance rates are influenced by many factors that may substantially change the price you have to pay. This price variability is why it is important to do a thorough rate comparison to get cheap car insurance rates for a Chevy Silverado. Insurance prices are made up of many different factors and change substantially, so the cheapest rate the last time you checked may now be priced much higher than other options.
Cheap Insurance Rates for Your Silverado Truck
The Hartford generally has some of the lowest car insurance rates in Chicago at around $753 a year. Rockford Mutual, Erie, Titan, and Cincinnati Insurance also rank well as some of the more affordable Chicago, IL insurance companies.
In the rate table above, if you are a policyholder with Titan and switched to The Hartford, you could see an annual premium reduction of upwards of $133. Customers with Cincinnati Insurance may save as much as $171 a year, and USAA policyholders might reduce rates by $206 a year.
To find out how much you can save, click here to start a quote or visit several of the following companies.
Remember that these estimates are averaged for all insureds and vehicles and and are not figured with an exact zip code location for a Chevy Silverado. So the auto insurance company that fits you best may not even be in the top 36 companies in the list above. That underscores the importance of why you need to compare as many prices as possible using your own driver information and specific vehicle type.
The example below demonstrates how deductibles can change insurance costs when trying to find cheap insurance for a Chevy Silverado. The premiums assume a single female driver, full physical damage coverage, and no other discounts are factored in.
The chart above illustrates that a 50-year-old driver could lower their policy premium by $288 a year by increasing from a $100 deductible up to a $500 deductible, or save $434 by choosing a $1,000 deductible. Young drivers, like the 20-year-old category, could drop their prices as much as $734 or more just by choosing higher deductibles when buying full coverage.
If you do decide to increase your deductibles, it will now be necessary to have spare funds to enable you to pay the extra out-of-pocket expense associated with higher deductibles.
Driving violations and accidents
The recommended way to get cheap car insurance premiums for a Silverado pickup is to be a cautious driver and avoid accidents and traffic violations. The illustration below illustrates how violations and accidents can increase insurance premiums for different categories of driver ages. The data assumes a married female driver, comp and collision included, $1,000 deductibles, and no discounts are applied.
In the prior example, the average cost of an auto insurance policy in Chicago per year with no accidents and a clean driving record is $1,123. Get written up for two speeding tickets and the average cost surges to $1,591, an increase of $469 each year. Then include two accidents along with the two speeding tickets and the annual cost of car insurance for a Chevy Silverado jumps again to an average of $3,436. That’s an increase of $2,313, or $193 per month, just for being a little careless behind the wheel!
Types of discounts on Chicago auto insurance
Insurance companies that offer cheap quotes for a Chevy Silverado may additionally offer premium discounts that could potentially reduce rates by as much as 25% or more if you qualify. A few popular companies and the discounts they provide can be read below.
- State Farm has discounts for good student, multiple policy, passive restraint, good driver, and multiple autos.
- American Family includes discounts for mySafetyValet, good student, multi-vehicle, bundled insurance, TimeAway discount, and Steer into Savings.
- GEICO may include discounts for multi-policy, good student, five-year accident-free, driver training, seat belt use, and defensive driver.
- 21st Century offers discounts for defensive driver, homeowners, student driver, good student, and anti-lock brakes.
- Progressive may offer discounts for online quote discount, multi-vehicle, multi-policy, online signing, and homeowner.
The chart below shows the difference between insurance prices with and without discounts applied to the premium. The price estimates are based on a female driver, no accidents or driving violations, Illinois state minimum liability limits, comp and collision included, and $250 deductibles. The first bar for each age group shows premium with no discounts. The lower bar shows the rates with anti-theft, claim-free, multiple policy, accident-free, defensive driving course, and marriage discounts applied. When these discounts are applied to the policy premium, the average amount saved each year on car insurance for a Chevy Silverado is 28% or $492.
The agencies below can provide answers to your questions and help you determine which insurance coverage will be best for you, as some people prefer to have a little guidance when comparing insurance rates for a Chevy Silverado. It’s not always simple to find the cheapest car insurance policy, and getting advice from a licensed agent can give comfort knowing your coverage gives you suitable coverage if you ever need to use it.
To locate a Chicago auto insurance agent by location nearest to you, click the button at the bottom.
- Public Insurance Agency
3656 N Cicero Ave – Chicago, IL 60641 – (773) 725-9333
- Jim Mays Jr – State Farm Insurance Agent
4465 N Milwaukee Ave – Chicago, IL 60630 – (773) 282-1500
- Eagle Insurance Agency
3517 N Spaulding Ave – Chicago, IL 60618 – (773) 463-7576