How Much Does Insurance Cost for a Chevrolet Silverado in Oklahoma?

Because the topic is car insurance, the word cheap really should not be used anywhere in the article as a descriptor for auto insurance rates. Forgive the oxymoron, but cheap auto insurance for a Chevy Silverado is just plain contradictory. Don’t let that get you down, though, because we can show you some ways you can find and buy car insurance that is more affordable than your current policy.

Buying affordable insurance for a Chevy Silverado in Oklahoma hinges on many factors like how you use your Silverado, whether or not you garage your vehicle, and any prior driving citations you have received. Drivers in Oklahoma pay around $1,710 per year to buy insurance for a Chevrolet Silverado, but that amount is an estimate that uses rate data for a 30-year-old married female that wants full coverage and $100 physical damage deductibles.

It’s more than likely you are not exactly 30 years old and possibly not even female, you might be single instead of married, or maybe you have a speeding ticket that needs to be factored in. Even a slight difference in the factors used to determine rates can generate big changes in how much coverage for a Chevy Silverado costs.

Every driver’s needs are different, and that is why your best shot at finding cheap car insurance rates for your Chevrolet is to regularly compare rates at renewal. To start saving now, get free quotes and you will be able to see rates from some of the most affordable companies that offer coverage in Oklahoma.

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The trim level of your Chevrolet has an effect on the annual cost of coverage, so the price you will pay to insure a Silverado LS Regular Cab 2WD model will be $430 less expensive the cost to insure the higher-end Silverado Crew Cab Hybrid 4WD version, as shown in the prices below.

Cost estimates assume married female driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Oklahoma minimum liability limits. Discounts applied include safe-driver, multi-policy, claim-free, multi-vehicle, and homeowner. Rate quotes do not factor in vehicle garaging location which can affect insurance rates greatly.

Deciphering which company quotes the cheapest car insurance rates for a Chevy Silverado may require a bit more work in order to find the most economical policy. Every auto insurer has a unique formula to establish rates, so let’s take a look at the car insurance companies that tend to have lower prices in Oklahoma.

It’s important that you understand Oklahoma car insurance rates are based on many factors that will increase or decrease the price you have to pay for coverage. Improving your credit rating, adding a teenager to your policy, or getting a driving violation may generate price changes that may make certain companies affordable when they were higher priced.

Lowest Insurance Price Quotes for Your Silverado Truck

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google.charts.setOnLoadCallback(drawOKT5qcibChart);function drawOKT5qcibChart() {var data = google.visualization.arrayToDataTable([[‘Company’, ‘Rate’, { role: ‘style’ }], [‘USAA’, 1161, ‘#FF9333’], [‘Oklahoma Farmers Union’, 1166, ‘#D47A2A’], [‘GEICO’, 1353, ‘#B06523’], [‘The Hartford’, 1373, ‘#92541D’], [‘Farmers’, 1394, ‘#794618’]]);var options = {title: ‘Top Five Cheapest Car Insurance Companies in Oklahoma’,titleTextStyle: {color: ‘#333’, fontSize: 17, bold: true},width: ‘100%’,height: 300,’chartArea’: {left:0,top:50,’width’: ‘100%’, ‘height’: ‘70%’},bar: {groupWidth: “90%”},legend: {position: ‘none’},vAxis: {viewWindowMode:’explicit’,viewWindow:{max:1494,min:0}}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});var view = new google.visualization.DataView(data);view.setColumns([0, 1,{ calc: “stringify”,sourceColumn: 1,type: “string”,role: “annotation” },2]);formatter.format(data,1);formatter.format(data,2);var chart = new google.visualization.ColumnChart(document.getElementById(‘qcibt5cic’));chart.draw(view, options);}

USAA generally has some of the most affordable car insurance rates in Oklahoma at around $1,161 each year. Oklahoma Farmers Union, GEICO, The Hartford, and Farmers are also some of the more affordable Oklahoma insurance companies.

As shown in the table above, if you are currently insured with GEICO and switched to USAA, you could earn a yearly price reduction of in the neighborhood of $192. Customers with The Hartford might save as much as $212 a year, and Farmers policyholders might reduce prices by as much as $233 a year.

It’s important to note that these prices are averaged across all types of insureds and vehicles and are not factoring in a specific rating modification for a Chevy Silverado. So the car insurance company that fits you best may not even be included in the above list. That illustrates why you need to compare as many prices as possible using your own individual information.

Discounts on Oklahoma car insurance rates

Insurance companies that sell cheap insurance for a Chevy Silverado in Oklahoma may also offer special discounts that may potentially lower prices by 40% or more if you meet eligibility requirements. Larger car insurance companies and a summarized list of policyholder discounts include:

The diagram below illustrates the comparison of car insurance costs with and without discounts applied to the policy rates. The prices are based on a female driver, a clean driving record, no at-fault accidents, Oklahoma state minimum liability limits, comp and collision included, and $500 deductibles.

The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, vehicle safety, passive restraint, multiple vehicle, safe-driver, and claim-free discounts applied. When taking advantage of discounts, the the amount saved on car insurance for a Chevy Silverado is 42% or $823.

google.charts.setOnLoadCallback(drawDiscqcibChart);function drawDiscqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘Female Driver No Discounts’, ‘Female Driver with Discounts’],[‘Age 20’, 3773,2707],[‘Age 30’, 2555,1845],[‘Age 40’, 2387,1721],[‘Age 50’, 2087,1507],[‘Age 60’, 2019,1455],[‘Age 70’, 2381,1711]]);var options = {title: ‘Insurance Rate Comparison for a Chevrolet Silverado’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 500,’chartArea’:{left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’},colors: [‘#c096ca’, ‘#e1b7ec’],hAxis: {title: ‘Annual Insurance Cost for a Chevrolet Silverado’,minValue: 0,format: ‘$###,###’},vAxis: {title: ‘Age of Insured’}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});formatter.format(data,1);formatter.format(data,2);var chart = new google.visualization.BarChart(document.getElementById(‘qcibdisc’));chart.draw(data, options);}

The example below demonstrates how choosing different deductibles can raise or lower yearly insurance costs when trying to find cheap insurance for a Chevy Silverado. The rate quotes are based on a married female driver, full physical damage coverage, and no additional discounts are factored in.

google.charts.setOnLoadCallback(drawDfdqcibChart);function drawDfdqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘$100 Deductible’,’$250 Deductible’,’$500 Deductible’,’$1,000 Deductible’],[‘Age 20’, 3525,3243,2923,2615],[‘Age 30’, 2461,2255,2019,1793],[‘Age 40’, 2431,2233,2005,1787],[‘Age 50’, 2135,1967,1769,1583],[‘Age 60’, 2033,1867,1681,1499],[‘Age 70’, 2191,2017,1821,1635]]);var options = {title: ‘Effect of Deductibles on Chevrolet Silverado Insurance Rates in Oklahoma’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 700,’chartArea’: {left:100,top:50,’width’: ‘100%’,’height’: ‘80%’},legend: {position: ‘bottom’,textStyle: {fontSize: 12}},bar: {groupWidth: ‘80%’},colors: [‘#6791b9′,’#75a8d8′,’#98bee2′,’#bad4ec’],hAxis: {title: ‘Annual Insurance Cost for a Chevrolet Silverado’,minValue: 0,format: ‘$###,###’},vAxis: {title: ‘Age of Insured’}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});formatter.format(data,1);formatter.format(data,2);formatter.format(data,3);formatter.format(data,4);var chart = new google.visualization.BarChart(document.getElementById(‘qcibdfd’));chart.draw(data, options);}

The data above shows that a 30-year-old driver could reduce rates by $426 a year by increasing from a $100 deductible up to a $500 deductible, or save $644 by using a $1,000 deductible. Even younger insureds, like the 20-year-old example, could save $910 or even more just by choosing higher deductibles.

When using a larger deductible, it is essential to have plenty of money set aside to enable you to pay the extra out-of-pocket expense, which is the one inconvenience of using high deductibles.

Which car insurance company is best?

If you are shopping around for car insurance, four good companies to start with are Geico, Allstate, Progressive, and State Farm. If you combine them together, they insure nearly half of all car insurance policies in America. All four offer physical damage and liability coverage, but each has slightly different coverage options that you can choose from. The following table compares and contrasts ratings and policy coverage options offered by each company.