Finding the cheapest auto insurance for a Chevy Silverado is pretty easy for most people, but it is dependent upon a whole bunch of rating criteria such as whether you are male or female, your claims history, and your motor vehicle report. Drivers pay around $1,180 per year for Silverado insurance, but that amount is an estimate based upon a 30-year-old married female driver with full coverage and $100 deductibles.
But there is a good chance that you are not 30 and maybe not even a female, maybe you are single instead of married, or maybe your Silverado is old enough that it doesn’t require full coverage. Just a very minor change in rating variables may result in significant differences in the policy rate.
Car insurance coverage is unique to each driver, so this is why the only way to find cheap insurance prices for your Chevrolet is to just take the time to compare rates yourself.
Vehicle trim level will likely have an effect on the coverage cost, so the price you pay to insure a Silverado LS Regular Cab 2WD model will be $292 less expensive the cost 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||$224||$386||$356||$22||$106||$1,094||$91|
|Silverado LS Regular Cab 4WD||$224||$386||$314||$18||$94||$1,036||$86|
|Silverado LT Regular Cab 2WD||$258||$470||$356||$22||$106||$1,212||$101|
|Silverado LT Regular Cab||$258||$470||$356||$22||$106||$1,212||$101|
|Silverado LS Extended Cab 4WD||$258||$470||$314||$18||$94||$1,154||$96|
|Silverado LT Extended Cab 4WD||$258||$470||$314||$18||$94||$1,154||$96|
|Silverado LT Extended Cab 2WD||$258||$470||$356||$22||$106||$1,212||$101|
|Silverado LS Extended Cab 2WD||$258||$470||$356||$22||$106||$1,212||$101|
|Silverado LT Crew Cab 4WD||$290||$554||$314||$18||$94||$1,270||$106|
|Silverado LS Crew Cab 2WD||$290||$554||$356||$22||$106||$1,328||$111|
|Silverado LS Crew Cab 4WD||$290||$554||$314||$18||$94||$1,270||$106|
|Silverado LT Crew Cab 2WD||$290||$554||$356||$22||$106||$1,328||$111|
|Silverado LTZ Extended Cab 2WD||$290||$554||$356||$22||$106||$1,328||$111|
|Silverado LTZ Extended Cab 4WD||$290||$554||$314||$18||$94||$1,270||$106|
|Silverado LTZ Crew Cab 2WD||$290||$554||$356||$22||$106||$1,328||$111|
|Silverado LTZ Crew Cab 4WD||$290||$554||$314||$18||$94||$1,270||$106|
|Silverado Crew Cab Hybrid 2WD||$290||$636||$314||$18||$94||$1,352||$113|
|Silverado Crew Cab Hybrid 4WD||$324||$636||$314||$18||$94||$1,386||$116|
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Data assumes married female driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Nevada minimum liability limits. Discounts applied include homeowner, multi-vehicle, safe-driver, multi-policy, and claim-free. Premium costs do not factor in specific location information which can affect prices greatly.
Best auto insurance company in Nevada
Finding the highest-rated insurer is difficult considering how many choices you have in Henderson. The ranking data shown below can help you decide which providers to look at when comparing rate quotes.
The rankings below are only made up of major nationwide insurance companies, so companies that focus mainly on Nevada business are not taken into consideration for these rankings. To check prices from many more Nevada auto insurance companies, just click here.
Top 10 Major Auto Insurance Providers in Henderson Ranked by Value
- American Family
- The Hartford
- Titan Insurance
- The General
- AAA Insurance
- State Farm
- Mercury Insurance
Top 10 Major Auto Insurance Providers in Henderson Ranked by Customer Service
- State Farm
- The Hartford
- Mercury Insurance
- The General
- AAA Insurance
- American Family
Violations and accidents raise rates
The obvious way to obtain the cheapest auto insurance prices in Nevada for a Silverado pickup is to drive carefully and not receive tickets or have accidents. The diagram below demonstrates how speeding tickets and accidents can influence insurance costs for different age categories. The information is based on a married male driver, comp and collision included, $250 deductibles, and no discounts are applied.
The chart shows that the average cost of a car insurance policy per year with no accidents or violations is $1,733. Get one speeding ticket and the average cost swells to $1,992, an increase of $259 each year. Next add two accidents along with the one speeding ticket and the annual cost of auto insurance for a Chevy Silverado goes up to an average of $4,276. That’s an increase of $2,544, or $212 per month, just for a couple of infractions!
Discount Henderson insurance
Auto insurance companies that sell policies for a Chevy Silverado may have policy discounts that can lower rates by as much as 35% if you meet the requirements. The best auto insurance companies and their offered discounts include:
- State Farm has savings for good driver, safe vehicle, Drive Safe & Save, passive restraint, driver’s education, good student, and anti-theft.
- Farmers Insurance offers discounts including electronic funds transfer, teen driver, bundle discounts, early shopping, homeowner, and pay in full.
- GEICO has discounts for multi-policy, good student, military active duty, emergency military deployment, anti-lock brakes, and defensive driver.
- American Family policyholders can earn discounts including mySafetyValet, good driver, defensive driver, TimeAway discount, multi-vehicle, air bags, and bundled insurance.
- Nationwide may offer discounts for family plan, accident-free, good student, easy pay, anti-theft, and business or organization.
- Progressive includes discounts for multi-policy, online quote discount, good student, multi-vehicle, continuous coverage, homeowner, and online signing.
The example below shows the comparison of auto insurance rates with and without discounts being applied to the rates. The costs are based on a female driver, no accidents, no driving violations, Nevada state minimum liability limits, comp and collision included, and $250 deductibles. The first bar for each age group shows the price with no discounts. The lower bar shows the rates with marriage, multiple policy, homeowner, anti-theft, passive restraint, and defensive driving course discounts applied. In this example, theaverage amount saved on auto insurance for a Chevy Silverado is 28% or $583.
Last year’s bargain might be this year’s rip off
Henderson, NV auto insurance rates are impacted by many things which can substantially decrease or increase the cost of having a policy. Simply turning a year older, moving to a different location, or getting a speeding ticket can trigger price changes that may make certain companies more affordable than before.
Not only may your situation change, but companies amend premium rates as often as every quarter as an adjustment for underwriting gains or losses. Significantly higher losses can result in rate increases, while a better claims history can result in more affordable Silverado insurance rates.
For example, the graph below analyzes the cheapest car insurance in Henderson, NV for a 45-year-old male driver with a clear driving record, no claims, and solid credit. When quoting prices based on his current rating profile, Travelers offers the most affordable car insurance rates in Henderson at $1,382 per year. This is $192 less than the average price paid by Nevada drivers of $1,574. Allied, Capital, Oregon Mutual, and Progressive also make the list of the cheapest Henderson, NV auto insurance companies.
In the next rate comparison, we’ll give the driver in the first example a claim or two, a lower credit score, and a traffic citation. Since every insurance provider has their own unique process to set premium rates, comparing quotes could result in a significantly different list of the cheapest companies as shown below.
GEICO now has the best price in Henderson, NV with USAA, Nationwide, Allied, and Safeco also having competitive pricing. This illustrates why it is important to spend some time comparing rates to find the most budget-friendly insurance rates for a Chevy Silverado.
Prices are made up of many risk factors and can increase or decrease at any time, so the best price the last time you shopped around may now cost much more than other companies.
How to find more affordable car insurance for a Chevy Silverado
Below you’ll find some of the recommended penny-pinching ideas that can help Nevada drivers get low-cost coverage.
- Try to pay small claims out-of-pocket
- Increase the comprehensive and collision deductibles on your policy
- Get cheaper liability coverage by choosing a safer vehicle
- Buying home and auto together can help save money
- Increase your credit rating
- Do not insure for full coverage
- Shop around for lower rates once a year
The last item on the list is especially crucial, as was emphasized in the prior information. Rates can change in a short period of time, so don’t be tentative to buy a policy from a new company if you find a better deal.
Staying with the same car insurance company is fine, but it isn’t a good idea if it’s costing you lots of money. It takes less than five minutes to shop around and find cheaper insurance for a Chevy Silverado in Henderson.