Cheapest Insurance for a Chevrolet Silverado in Wyoming

The chances of buying the best cheap car insurance for a Chevy Silverado in Wyoming depends upon a lot of rating criteria such as your date of birth, the performance level of your vehicle, and deductibles for comprehensive and collision coverage. Drivers on average pay approximately $1,110 per year to buy insurance for a Chevrolet Silverado, but that policy rate is an approximation using rating data for a 30-year-old married male with comprehensive and collision coverage and $500 physical damage deductibles.

But there is a high likelihood that you are not 30 years old and maybe not even male, maybe you are single instead of married, or you just prefer to insure for liability only. Every auto insurance policy is unique to the driver, so your best shot at finding affordable rates for your Chevrolet is to shop around at every renewal for lower rates.

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Your vehicle’s trim level has an effect on price, so the price you pay to insure a Silverado LS Regular Cab 2WD model will be $224 less than the insurance cost for the high end Silverado Crew Cab Hybrid 4WD trim level, as shown by the rates below.

Data rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Wyoming minimum liability limits. Discounts applied include homeowner, multi-vehicle, claim-free, multi-policy, and safe-driver. Rates do not factor in garaging location in Wyoming which can lower or raise premium rates noticeably.

Figuring out which companies offer the lowest-priced auto insurance rates for a Chevy Silverado involves a little more effort in order to find coverage that fits your buget. Each insurer uses different criteria for determining rates, so we’ll go over the auto insurance companies that tend to be cheaper in Wyoming.

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USAA quotes some of the lowest car insurance rates in Wyoming at around $631 annually. Safeco, The Hartford, National Farmers Union, and GEICO also make the cut as some of the more affordable Wyoming car insurance companies.

As illustrated above, if you currently buy coverage from National Farmers Union and switched to Safeco, you may realize a yearly price reduction of in the vicinity of $82. Drivers with GEICO may save as much as $100 a year, and State Farm customers might reduce rates by $105 a year.

To compare your rates to other Wyoming insurance companies, click here to start a quote or visit any of the low-priced companies below.

Bear in mind that those estimates are averaged across all ages of drivers and types of vehicles and and are not calculated with a specific rate factor for a Chevy Silverado. So the insurer that can offer you the best price may not even be included in the above list. That illustrates why you need to compare rates from as many companies as possible using your own individual information.

Does it make sense to buy full coverage?

Finding the cheapest insurance for a Chevy Silverado in Wyoming is important to most drivers, and one of the best ways to buy cheaper insurance is to only buy liability coverage. The information below illustrates the comparison of premium costs with full coverage compared to only the Wyoming minimum liability coverage. The costs are based on no claims, a clean driving record, $100 deductibles, single marital status, and no additional discounts are factored in.

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Averaged out for all age groups, comprehensive and collision coverage on your policy costs an extra $2,202 per year over having just liability coverage. That brings up the question when is it a good idea to stop buying full coverage. There is no set guideline to drop physical damage insurance, but there is a general school of thought. If the yearly cost of full coverage is more than about 10% of the replacement cost of your vehicle minus the policy deductible, then it might be time to consider dropping full coverage.

For example, let’s pretend your vehicle’s replacement value is $5,500 and you have $1,000 policy deductibles. If your vehicle is totaled in an accident, you would only receive $4,500 after paying your deductible. If you are paying more than $450 a year to have full coverage, then it’s probably a good time to buy liability coverage only.

Drive safe and save

The best way to enjoy the cheapest auto insurance premiums in Wyoming for a Silverado pickup is to be an attentive driver and avoid traffic citations and accidents. The diagram below illustrates how speeding tickets and at-fault claims impact auto insurance rates for each different age group. The rates are based on a single male driver, full physical damage coverage, $100 deductibles, and no discounts are factored in.

google.charts.setOnLoadCallback(drawVioqcibChart);function drawVioqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘No Violations or Accidents’, ‘One Speeding Ticket and No Accidents’, ‘One Speeding Ticket and One Accident’],[‘Age 20’, 5021,5383,6429],[‘Age 30’, 2553,2919,3961],[‘Age 40’, 2567,2925,3973],[‘Age 50’, 2323,2685,3731],[‘Age 60’, 2241,2605,3649],[‘Age 70’, 2695,3055,4101]]);var options = {title: ‘Accidents, Violations, and Wyoming Chevrolet Silverado Insurance’,titleTextStyle: {color: ‘#333’, fontSize: 17, bold: true},width: ‘100%’,height: 600,’chartArea’: {left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’,textStyle: {fontSize: 12}},colors:[‘#b2da64′,’#eed355′,’#e39e71’],hAxis: {title: ‘Annual Insurance Cost for a Chevrolet Silverado in Wyoming’,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);var chart = new google.visualization.BarChart(document.getElementById(‘qcibvio’));chart.draw(data, options);}

In the prior example, the average cost of a car insurance policy in Wyoming per year with a clean driving record and no accidents is $2,900. Get written up for one speeding ticket and the average cost hikes up to $3,262, an increase of $362 each year. Then add in one accident along with the one speeding ticket and the yearly cost of auto insurance for a Chevy Silverado goes up to an average of $4,307. That’s an increase of $1,407, or $117 per month, just for not driving responsibly!

Which major car insurance company is best?

When it comes to insurance for a Silverado pickup, the most popular companies are Allstate, Progressive, Geico, and State Farm. If you put them all together, they insure 48.5% of the entire U.S. auto insurance market. The table below illustrates ratings for price, service, and claims, in additional to some of the optional coverages offered by each company.