Buying economical car insurance for a Chevy Silverado in Colorado depends on a lot of rating criteria such as whether the vehicle is new, your credit score, and whether or not you are a good driver. Colorado drivers pay on average $1,084 a year to insure their Silverado, but that amount is an estimate using a 30-year-old married female driver with both comprehensive and collision coverage and $500 deductibles.
It’s more than likely you’re not a 30-year-old female, you might be single instead of married, or maybe you have a speeding ticket that needs to be factored in. Having just a slight change in rating criteria or coverage limits could end up with a large change in the coverage rate.
Each driver’s needs are different, and that demonstrates why the best method for finding cheap insurance prices for your Chevrolet is to put in the effort to do a thorough rate comparison.
Find Cheaper Chevrolet Silverado Insurance
The trim level of your vehicle has an effect on the cost of insurance, so the price to insure a Silverado LS Regular Cab 2WD model will be $214 less than the insurance cost for the fancier 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||$186||$298||$404||$24||$122||$1,034||$86|
|Silverado LS Regular Cab 4WD||$186||$298||$358||$22||$108||$972||$81|
|Silverado LT Regular Cab 2WD||$214||$362||$404||$24||$122||$1,126||$94|
|Silverado LT Regular Cab||$214||$362||$404||$24||$122||$1,126||$94|
|Silverado LS Extended Cab 4WD||$214||$362||$358||$22||$108||$1,064||$89|
|Silverado LT Extended Cab 4WD||$214||$362||$358||$22||$108||$1,064||$89|
|Silverado LT Extended Cab 2WD||$214||$362||$404||$24||$122||$1,126||$94|
|Silverado LS Extended Cab 2WD||$214||$362||$404||$24||$122||$1,126||$94|
|Silverado LT Crew Cab 4WD||$242||$426||$358||$22||$108||$1,156||$96|
|Silverado LS Crew Cab 2WD||$242||$426||$404||$24||$122||$1,218||$102|
|Silverado LS Crew Cab 4WD||$242||$426||$358||$22||$108||$1,156||$96|
|Silverado LT Crew Cab 2WD||$242||$426||$404||$24||$122||$1,218||$102|
|Silverado LTZ Extended Cab 2WD||$242||$426||$404||$24||$122||$1,218||$102|
|Silverado LTZ Extended Cab 4WD||$242||$426||$358||$22||$108||$1,156||$96|
|Silverado LTZ Crew Cab 2WD||$242||$426||$404||$24||$122||$1,218||$102|
|Silverado LTZ Crew Cab 4WD||$242||$426||$358||$22||$108||$1,156||$96|
|Silverado Crew Cab Hybrid 2WD||$242||$490||$358||$22||$108||$1,220||$102|
|Silverado Crew Cab Hybrid 4WD||$270||$490||$358||$22||$108||$1,248||$104|
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Data based on married female driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Colorado minimum liability limits. Discounts applied include claim-free, multi-policy, multi-vehicle, safe-driver, and homeowner. Rates do not factor in zip code location which can lower or raise coverage rates substantially.
Insurance company ratings
Picking the best insurance company can be difficult considering how many companies sell insurance in Colorado. The rank data in the next section may help you choose which car insurance companies to look at when comparing rates.
These rankings are only comprised of companies that insure vehicles nationwide, so companies with more of a regional focus are not factored into the list. If you’d like to compare prices from these top insurers and more, just click here.
Top 10 Large Auto Insurers in Aurora Ranked by Customer Service
- State Farm
- The Hartford
- The General
- AAA Insurance
- American Family
Top 10 Large Auto Insurers in Aurora Ranked by Claims Service
- State Farm
- AAA Insurance
- Liberty Mutual
- Titan Insurance
- The Hartford
- The General
Drive responsibly or pay higher rates
The easiest way to enjoy affordable insurance premiums in Aurora for a Silverado pickup is to be an attentive driver and avoid getting tickets or having accidents. The information below illustrates how speeding tickets and at-fault fender-benders can drive up auto insurance rates for different categories of driver ages. The rate quotes are based on a married male driver, full coverage, $500 deductibles, and no additional discounts are factored in.
The chart shows that the average cost of auto insurance in Aurora per year with a clean driving record and no accidents is $1,775. Add in one speeding ticket and the average cost hikes up to $2,043, an increase of $268 each year. Then throw in one accident along with the one speeding ticket and the 12-month cost of insurance for a Chevy Silverado increases to an average of $2,786. That’s an increase of $1,011, or $84 per month, just for being a less-than-perfect driver!
The information below demonstrates how choosing different deductibles can influence annual premium costs when getting quotes for cheap insurance for a Chevy Silverado. The premiums are based on a married female driver, full physical damage coverage, and no additional discounts are factored in.
As shown above, a 50-year-old driver could pocket $240 a year by changing their physical damage coverage from a $100 deductible to a $500 deductible, or save $362 by selecting a $1,000 deductible. Even younger insureds, such as the 20-year-old example, have the ability to save as much as $594 each year just by choosing higher deductibles when buying full coverage. When choosing a higher deductible, it is necessary to have enough funds in savings to be able to pay the extra out-of-pocket expense, which is the main inconvenience of larger deductibles.
Full coverage versus liability-only in Aurora
Saving money on insurance is probably important to most drivers, and one easy way to lower the cost of insurance for a Chevy Silverado is to not insure for full coverage. The diagram below shows the difference between auto insurance rates with full physical damage coverage compared to only buying liability only. The rates are based on no violations or claims, $500 deductibles, single status, and no discounts are taken into consideration.
On average, comprehensive and collision coverage on your policy costs an extra $2,087 per year over and above liability coverage. Many people question if you should buy full coverage at all. There isn’t a steadfast formula of when to exclude comprehensive and collision coverage on your policy, but there is a broad guideline. If the yearly cost for physical damage coverage is more than about 10% of the settlement you would receive from your company, the it may be a good time to stop paying for full coverage.