Finding economical insurance for a Chevy Silverado hinges on many rating criteria such as your age, the likelihood of vehicle theft, and your motor vehicle report. Texas drivers will pay on average $1,164 per year for Silverado insurance, but that cost is an estimate based on a 40-year-old married female driver with both comprehensive and collision coverage and $500 deductibles.
This brings up the issue that more than likely you are not 40 years old and maybe not even female, single instead of married, and maybe your Silverado is older and does not require full coverage. Insurance is an individual thing, so the best way to find the most affordable coverage for your Chevrolet is to compare as many rates as possible. Comparing quotes is easy and you will receive price comparisons from the cheapest companies that insure vehicles in Texas.
Vehicle trim level tends to impact the cost of coverage, so the cost to insure a Silverado LS Regular Cab 2WD trim level will be $218 less expensive the cost to insure the high end Silverado Crew Cab Hybrid 4WD version, as shown in the table below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Silverado LS Regular Cab 2WD||$180||$322||$452||$26||$136||$1,116||$93|
|Silverado LS Regular Cab 4WD||$180||$322||$400||$24||$120||$1,046||$87|
|Silverado LT Regular Cab 2WD||$206||$392||$452||$26||$136||$1,212||$101|
|Silverado LT Regular Cab||$206||$392||$452||$26||$136||$1,212||$101|
|Silverado LS Extended Cab 4WD||$206||$392||$400||$24||$120||$1,142||$95|
|Silverado LT Extended Cab 4WD||$206||$392||$400||$24||$120||$1,142||$95|
|Silverado LT Extended Cab 2WD||$206||$392||$452||$26||$136||$1,212||$101|
|Silverado LS Extended Cab 2WD||$206||$392||$452||$26||$136||$1,212||$101|
|Silverado LT Crew Cab 4WD||$232||$462||$400||$24||$120||$1,238||$103|
|Silverado LS Crew Cab 2WD||$232||$462||$452||$26||$136||$1,308||$109|
|Silverado LS Crew Cab 4WD||$232||$462||$400||$24||$120||$1,238||$103|
|Silverado LT Crew Cab 2WD||$232||$462||$452||$26||$136||$1,308||$109|
|Silverado LTZ Extended Cab 2WD||$232||$462||$452||$26||$136||$1,308||$109|
|Silverado LTZ Extended Cab 4WD||$232||$462||$400||$24||$120||$1,238||$103|
|Silverado LTZ Crew Cab 2WD||$232||$462||$452||$26||$136||$1,308||$109|
|Silverado LTZ Crew Cab 4WD||$232||$462||$400||$24||$120||$1,238||$103|
|Silverado Crew Cab Hybrid 2WD||$232||$532||$400||$24||$120||$1,308||$109|
|Silverado Crew Cab Hybrid 4WD||$258||$532||$400||$24||$120||$1,334||$111|
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Premium data assumes married female driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Texas minimum liability limits. Discounts applied include multi-policy, homeowner, safe-driver, multi-vehicle, and claim-free. Premium costs do not factor in vehicle location which can affect premiums substantially.
Shopping around for budget car insurance is not the easiest thing to do, and finding out which company quotes the lowest-priced auto insurance rates for a Chevy Silverado requires a little more work. Every auto insurer has a proprietary method to determine premium rates, so we’ll go over the overall cheapest auto insurance companies in Laredo.
It’s important that you understand Texas auto insurance rates are based on many factors that can increase the policy premium. Events such as a birthday, marrying your spouse, or getting a few speeding tickets may prompt premium changes that can make some companies higher-priced than the competition.
Best Auto Insurance Prices for Your Silverado Truck
|Rank||Company||Cost Per Year|
|3||Texas Farm Bureau||$1,199|
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Travelers offers some of the best car insurance rates in Laredo at around $1,041 per year. USAA, Texas Farm Bureau, Germania Mutual, and California Casualty would also be considered some of the lowest-priced Laredo, TX auto insurance companies.
In this example, if you are a policyholder with Germania Mutual and switched to USAA, you could realize savings of approximately $165. Policyholders with California Casualty might save as much as $265 a year, and Esurance insureds might lower prices by $290 a year.
Be aware that those policy rates are averages for all drivers and vehicles and and are not calculated with a specific location for a Chevy Silverado. So the insurer that has the cheapest rates for you may not even be in the top 23 companies shown above. That underscores the importance of why you need to get auto insurance quotes using your own individual information.
Discount Laredo insurance
Car insurance companies that sell policies for a Chevy Silverado may also provide special discounts that could lower prices by as much as 30% if you are eligible to receive them. A few popular companies and a partial list of their discounts are outlined below.
- AAA includes discounts for anti-theft, multi-policy, education and occupation, AAA membership discount, good student, and good driver.
- Progressive may include discounts for online quote discount, online signing, multi-vehicle, multi-policy, and good student.
- State Farm has discounts for defensive driving training, Steer Clear safe driver discount, student away at school, Drive Safe & Save, good driver, anti-theft, and accident-free.
- Esurance offers premium reductions for online shopper, online quote, anti-lock brakes, emergency road assistance, and multi-car.
- Nationwide may offer discounts for Farm Bureau membership, good student, multi-policy, accident-free, and anti-theft.
The illustration below visualizes the comparison of car insurance costs with and without discounts applied to the premium. The premiums assume a female driver, no claims or driving citations, Texas state minimum liability limits, comprehensive and collision coverage, and $500 deductibles.
The first bar for each age group shows premium with no discounts. The second bar shows the rates with defensive driving course, homeowner, passive restraint, multiple vehicle, claim-free, and multiple policy discounts applied. When these discounts are applied, the average amount saved each year on auto insurance for a Chevy Silverado is 28% or $605.
The example below illustrates how your choice of deductibles can increase or decrease insurance rates when researching cheap insurance for a Chevy Silverado. The premium estimates are based on a single female driver, full coverage, and no policy discounts are applied.
As shown above, a 40-year-old driver could save $422 a year by switching their comprehensive and collision coverages from a $100 deductible to a $500 deductible, or save $634 by selecting a $1,000 deductible. Young drivers, such as the Age 20 example, could shave $1,074 or more just by choosing larger deductibles. If you do decide to increase your deductibles, it will be required to have enough savings set aside to be able to pay the extra out-of-pocket expense. That is the one disadvantage of using higher deductibles.
Why are you paying too much to insure your Silverado?
Texas auto insurance rates are based on many factors that will increase or decrease the price of coverage. Simply having a birthday, getting married, or getting a ticket for careless driving may cause policy rate changes resulting in some companies being cheaper than before.
Not only that, but companies change premium rates as often as every three months to adjust for heavy claims or excess profits. A period of higher than normal claims may cause additional premium costs, while a better claims history can produce lower-priced Silverado insurance rates.
For instance, the bar chart below shows a variety of companies that have the cheapest car insurance in Laredo, TX for a 30-year-old male driver with no prior accidents, a clean driving record, and good financial standing. If we look at prices based on his personal profile, Travelers might quote the lowest car insurance rates in Laredo at $1,295 annually. This is $609 less than the average rate paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and Esurance are the remaining cheapest Laredo, TX auto insurance companies.
In this example, we will give the driver from the first rate comparison a chargeable claim, a little lower credit rating, and a speeding citation. Since every insurance provider uses their own calculation for setting rates, comparing prices most likely will result in a different ranking of affordable companies as shown below.
Mercury now has the cheapest price in Laredo, TX with State Farm, Safe Auto, Nationwide, and USAA now being in the top five. This demonstrates why consumers need to perform an extensive rate comparison when trying to get affordable auto insurance rates for a Chevy Silverado. Rates are made up of many different factors and can change without notice, so the cheapest option three years ago may now be costing you a lot of money.
How to find the cheapest auto insurance for a Chevy Silverado
The list below summarizes some penny-pinching suggestions that can help Laredo drivers find low-cost coverage.
- Higher credit scores can equal lower rates
- Violations and traffic tickets increase rates
- Try paying for small claims out-of-pocket
- At-fault accidents will increase rates
- Increase your comprehensive and collision deductibles
- Save money by insuring your home and auto with the same company
- Compare rate quotes frequently
The last suggestion is notably critical, as we stressed in this write-up. Prices in Laredo can be modified anytime, so don’t be afraid to switch to a new company if a lower-cost policy is available.
Many drivers prefer to stick with one company, but is isn’t recommended if that stubbornness costs you a lot of money every month. Take a few minutes and shop around to find cheaper auto insurance for a Chevy Silverado.
The professional agents shown below can provide answers to your questions and help you determine which auto insurance coverages would be the best in your situation, as lots of people like to get help from a professional when shopping around for cheaper insurance for a Chevy Silverado. It can be hard to find the cheapest car insurance policy, and insurance agents can give comfort knowing your policy gives you adequate protection in the event of a claim. To find an auto insurance agency by location nearest to you, click the button at the bottom of the list.
Cubriel Insurance LLC
1808 Commerce Dr – Laredo, TX 78041 – (956) 568-5290
Henri D Kahn Insurance
112 Del Ct – Laredo, TX 78041 – (800) 701-5909
State Farm: Manuel Gomez III
4311 Clark Blvd – Laredo, TX 78043 – (956) 333-0000