How Much are Insurance Quotes for a Chevrolet Silverado in Maryland?

Since we’re writing about car insurance, the word affordable should not appear anywhere to describe car insurance prices. Despite the oxymoron, cheap car insurance for a Chevy Silverado is not easy to find. Don’t let that ruin your day, because we will show you how you can get insurance that is more budget-friendly.

Your ability to find affordable coverage for a Chevy Silverado in Maryland depends upon a pretty complex algorithm that uses a lot of factors such as how you use your vehicle, where your vehicle is garaged, and the level of deductible you choose. Drivers in Maryland will pay around $1,150 annually to insure a Silverado, but that rate is an approximation calculated using a 50-year-old single male who requires full coverage including both comprehensive and collision and $1,000 deductibles.

There is a good chance you are not exactly 50 years old and possibly not even male, possibly married instead of single, or maybe you’re a renter instead of a homeowner. The different assumptions illustrate why the most reliable way to find cheap car insurance rates for your Chevrolet is to get into the habit of shopping around regularly.

Find Cheaper Chevrolet Silverado Insurance

The specific model of Silverado will be a contributing factor to the annual cost of coverage, so the price you will be charged to insure a Silverado LS Regular Cab 2WD will cost $166 less than the cost to insure the high end Silverado Crew Cab Hybrid 4WD trim level, as shown in the table below.

Prices above based on single male driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Maryland minimum liability limits. Discounts applied include claim-free, multi-policy, multi-vehicle, homeowner, and safe-driver. Information does not factor in the specific area where the vehicle is garaged which can decrease or increase coverage rates noticeably.

Finding budget car insurance is difficult, and determining which companies quote the best auto insurance rates for a Chevy Silverado involves a bit more work.

Each insurer uses their own method to set premium rates, so to begin we’ll rank the auto insurance companies with the overall cheapest rates in Maryland. It’s important that you understand Maryland auto insurance rates are calculated based on many things which can significantly increase or decrease the price you have to pay for coverage. Simply having a birthday, buying a higher-value vehicle, or getting caught speeding can trigger rate changes that may make certain companies cheaper than before.

Find the Cheapest Auto Insurance for Your Silverado Truck

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USAA quotes some of the cheapest car insurance rates in Maryland at around $948 per year. Liberty Mutual, Erie, Penn National, and State Auto also qualify as some of the lowest-priced Maryland insurance companies.

In the above example, if you have coverage with State Auto and switched to Liberty Mutual, you may see savings of in the neighborhood of $134. Maryland drivers with Amica may save as much as $203 a year, and MetLife policyholders might cut rates by $294 a year.

To find cheap insurance for a Chevy Silverado in Maryland for your vehicle, click here to start a quote or click several companies below for low rates.

Be aware that those policy rates are averaged for all insureds and vehicles and do not take into consideration a specific rating modification for a Chevy Silverado. So the auto insurance company that has the cheapest rates for you may not even be shown in the list of companies above. That is why you need to get rate quotes using your own driver information and specific vehicle type.

Rate increases following a ticket or accident

The ideal way to find the cheapest auto insurance premiums for a Silverado pickup is to drive safely and have a clean driving record. The information below demonstrates how traffic citations and accidents can drive up annual premium costs for different age groups. Data assumes a married male driver, comprehensive and collision coverage, $250 deductibles, and no discounts are applied.

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In the example above, the average cost of car insurance in Maryland per year with a clean driving record and no accidents is $2,275. Factor in two speeding tickets and the average cost swells to $3,141, an increase of $866 each year. Then include one accident along with the two speeding tickets and the 12-month cost of auto insurance for a Chevy Silverado increases to an average of $4,012. That’s an increase of $1,737, or $145 per month, just for not driving safely!

The example below demonstrates how choosing different deductibles can change yearly insurance costs when trying to find cheap insurance for a Chevy Silverado. The data is based on a single female driver, comp and collision included, and no discounts are applied to the premium.

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A 30-year-old driver could pocket $512 a year by switching the physical damage coverage from a $100 deductible to a $500 deductible, or save $774 by switching to a $1,000 deductible. Even younger drivers, such as the 20-year-old example, could lower their rates up to $1,144 or more by choosing a larger deductible amount. When choosing a higher deductible, it will be important to have plenty of money set aside to be able to pay the extra out-of-pocket expense, which is the main inconvenience of larger deductibles.

Best rates: Progressive, Geico, State Farm, or Allstate

If you want reliable insurance for a Silverado pickup, probably the best companies to start with are Progressive, Geico, State Farm, and Allstate. All four can cover your vehicle for liability and physical damage, but each one has a different combination of discounts, features, and options that may influence your buying decision. The next table ranks some of the ratings and options that you can purchase from each one.