Finding competitive car insurance for a Chevy Silverado in Texas is pretty easy to do, but it relies on a large number of factors such as whether you are married or single, the performance level of your vehicle, and the deductible amount you use. Texas drivers pay around $1,023 each year for Silverado insurance, but that figure is a valuation using a 50-year-old married female driver with full physical damage coverage and $500 deductibles.
There is a good probability you aren’t exactly 50 years old or even a female, single instead of married, or maybe you have a teenager that needs to be on your policy. Even a minor change in rating criteria could end up in a significant change in the policy cost.
Not everyone needs the same coverages, so the only way to find cheap auto insurance rates for your Chevrolet is to do the rate comparisons yourself. It takes less than five minutes and you can get prices from some of the cheapest companies that offer coverage in Texas.
The trim level of your vehicle has an effect on the yearly cost, so the rate you will pay to insure a Silverado LS Regular Cab 2WD will be $188 cheaper than the price to insure the more well-appointed Silverado Crew Cab Hybrid 4WD trim level, as shown below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Silverado LS Regular Cab 2WD||$160||$272||$404||$24||$122||$982||$82|
|Silverado LS Regular Cab 4WD||$160||$272||$358||$22||$108||$920||$77|
|Silverado LT Regular Cab 2WD||$184||$332||$404||$24||$122||$1,066||$89|
|Silverado LT Regular Cab||$184||$332||$404||$24||$122||$1,066||$89|
|Silverado LS Extended Cab 4WD||$184||$332||$358||$22||$108||$1,004||$84|
|Silverado LT Extended Cab 4WD||$184||$332||$358||$22||$108||$1,004||$84|
|Silverado LT Extended Cab 2WD||$184||$332||$404||$24||$122||$1,066||$89|
|Silverado LS Extended Cab 2WD||$184||$332||$404||$24||$122||$1,066||$89|
|Silverado LT Crew Cab 4WD||$208||$392||$358||$22||$108||$1,088||$91|
|Silverado LS Crew Cab 2WD||$208||$392||$404||$24||$122||$1,150||$96|
|Silverado LS Crew Cab 4WD||$208||$392||$358||$22||$108||$1,088||$91|
|Silverado LT Crew Cab 2WD||$208||$392||$404||$24||$122||$1,150||$96|
|Silverado LTZ Extended Cab 2WD||$208||$392||$404||$24||$122||$1,150||$96|
|Silverado LTZ Extended Cab 4WD||$208||$392||$358||$22||$108||$1,088||$91|
|Silverado LTZ Crew Cab 2WD||$208||$392||$404||$24||$122||$1,150||$96|
|Silverado LTZ Crew Cab 4WD||$208||$392||$358||$22||$108||$1,088||$91|
|Silverado Crew Cab Hybrid 2WD||$208||$450||$358||$22||$108||$1,146||$96|
|Silverado Crew Cab Hybrid 4WD||$232||$450||$358||$22||$108||$1,170||$98|
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Prices based on married female driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Texas minimum liability limits. Discounts applied include homeowner, multi-vehicle, claim-free, multi-policy, and safe-driver. Price information does not factor in Fort Worth location which can change premium rates substantially.
Finding cheap auto insurance is hard enough, and finding out which insurers offer the lowest-priced auto insurance rates for a Chevy Silverado calls for more quotes for comparison. Every car insurance company has a different formula to set their prices, so we need to take a look at the most affordable auto insurance companies in Fort Worth.
We do need to point out that Fort Worth auto insurance rates are based on many factors that may substantially change the price you have to pay for coverage. Things like having a birthday, buying a newer car, or getting into an accident can trigger price changes resulting in some rates now being more expensive than others.
Cheapest Insurance Rates for Your Silverado Truck
|Rank||Company||Cost Per Year|
|3||Texas Farm Bureau||$1,199|
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Travelers has some of the most affordable car insurance rates in Fort Worth at around $1,010 each year. USAA, Texas Farm Bureau, Germania Mutual, and Esurance would also be considered some of the lowest-priced Fort Worth, TX car insurance companies.
As depicted above, if you buy coverage from Texas Farm Bureau and switched to Travelers, you might realize savings of approximately $189. Customers with Germania Mutual might save as much as $284 a year, and Esurance policyholders might reduce prices by as much as $355 a year.
These prices are averaged for all drivers and vehicles and are not factoring in a specific zip code for a Chevy Silverado. So the company that fits your needs best may not even be in the top 23 companies shown above. That is why you need to quote rates from as many companies as possible using your own specific driver and vehicle information.
The information below shows how different deductible levels can influence insurance prices when trying to find cheap insurance for a Chevy Silverado. The costs are based on a single male driver, comp and collision included, and no discounts are taken into consideration.
The data above shows that a 50-year-old driver could save $374 a year by increasing from a $100 deductible to a $500 deductible, or save $564 by changing to a $1,000 deductible. Even younger insureds, like the 20-year-old example, could roll back prices $1,236 or even more by using a higher deductible.
If you do decide to increase your deductibles, it is necessary to have plenty of money set aside to enable you to pay the extra out-of-pocket expense associated with higher deductibles.
Accidents and violations increase rates
The easiest way to find the most affordable auto insurance prices for a Silverado pickup is to pay attention while driving and avoid accidents and keep your driving record clean. The example below shows how traffic citations and accident claims can raise insurance costs for different age groups. The data is based on a married male driver, comp and collision included, $500 deductibles, and no other discounts are factored in.
In the chart above, the average cost of an auto insurance policy in Fort Worth per year with no violations or accidents is $1,662. Get written up for two speeding tickets and the average cost jumps to $2,283, an increase of $621 each year. Next add two accidents along with the two speeding tickets and the annual cost of auto insurance for a Chevy Silverado jumps again to an average of $4,819. That’s an increase of $3,157, or $263 per month, just for not being a responsible driver!
How to get discounts on Fort Worth car insurance rates
Auto insurance companies that sell policies for a Chevy Silverado may also provide rate discounts that could potentially reduce rates by as much as 35% or more if you are eligible for them. A list of auto insurance companies and their possible discounts are shown below.
- GEICO has savings for military active duty, multi-vehicle, emergency military deployment, anti-theft, and seat belt use.
- Travelers may include discounts for early quote, student away at school, continuous insurance, save driver, and new car.
- Farm Bureau offers discounts for safe driver, good student, youthful driver, multi-policy, and driver training.
- Liberty Mutual may offer discounts for exclusive group savings, newly retired, new vehicle discount, newly married, good student, and new graduate.
- American Family policyholders can earn discounts including mySafetyValet, air bags, TimeAway discount, good driver, early bird, and bundled insurance.
- Progressive includes discounts for multi-policy, homeowner, online quote discount, online signing, continuous coverage, good student, and multi-vehicle.
The chart below compares yearly insurance costs with and without discounts being applied to the rates. The premium estimates are based on a male driver, no violations or accidents, Texas state minimum liability limits, comp and collision included, and $250 deductibles. The first bar for each age group shows the average rate with no discounts. The second bar shows the rates with safe-driver, multiple policy, homeowner, accident-free, anti-theft, and vehicle safety discounts applied. When these discounts are applied, theaverage yearly reduction on auto insurance for a Chevy Silverado is 28% or $601.