Who Has the Cheapest Insurance for a Chevrolet Silverado in Wisconsin?

Your chances of finding cheaper auto insurance for a Chevy Silverado in Wisconsin is contingent on lots of different factors such as your financial responsibility, if you have a tendancy to file claims, and deductibles for comprehensive and collision coverage. Wisconsin drivers pay approximately $740 annually to insure a Chevrolet Silverado, but that rate is a ballpark figure rating a 50-year-old single male driver with full coverage including both comprehensive and collision and $500 policy deductibles.

This brings up the issue that more than likely you aren’t exactly 50 years old or even a male, possibly married instead of single, or maybe you just want to insure for liability only. This demonstrates why the most reliable method for finding affordable rates for your Chevrolet is to get into the habit of shopping around regularly. Quotes are always free and you can get rates from top-rated companies that insure vehicles in Wisconsin.

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The trim level of your vehicle tends to impact price, so the price you will be charged to insure a Silverado LS Regular Cab 2WD trim level will be $136 less than the price to insure the higher-priced Silverado Crew Cab Hybrid 4WD model, as shown in the table below.

Data rating is based on single male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Wisconsin minimum liability limits. Discounts applied include safe-driver, homeowner, claim-free, multi-vehicle, and multi-policy. Price estimates do not factor in zip code location which can increase or decrease price quotes noticeably.

Finding dependable, reasonably-priced car insurance is not most people’s favorite thing to do, and determining which insurers offer the most affordable car insurance rates for a Chevy Silverado will take even more perseverance. Each insurance company uses their own calculation for establishing rates, so first we will examine the car insurance companies that tend to have lower prices in Wisconsin.

Best Cheap Insurance Rates for Your Silverado Truck

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USAA may have some of the best car insurance rates in Wisconsin at around $604 per year. Partners Mutual, Erie, Rockford Mutual, and Nationwide also qualify as some of the most economical Wisconsin insurance companies.

In the rate table above, if you currently have a policy with Rockford Mutual and switched to USAA, you could earn yearly savings of roughly $128. Insureds with Nationwide could save as much as $171 a year, and Pekin Insurance customers might reduce prices by as much as $171 a year.

If you want to see how much you could save, click here to start your free quote or click several companies below for low rates.

Understand that those policy rates are averages for all types of insureds and vehicles and are not factoring in a specific rating modification for a Chevy Silverado. So the company that fits your situation best may not even be featured in the rate chart shown above. That helps illustrate why you need to get rate quotes from many companies using your own personal information and vehicle type.

Poor driving habits will raise your car insurance rates

In a perfect world, the ideal way to earn good car insurance premiums in Wisconsin for a Silverado pickup is to pay attention while driving and avoid accidents and keep your driving record clean. The chart below shows how speeding tickets and accidents can impact insurance costs for different ages of insureds. The premium estimates are based on a single male driver, comprehensive and collision coverage, $250 deductibles, and no other discounts are factored in.

In the previous example, the average cost of car insurance in Wisconsin per year with no accidents and a clean driving record is $1,522. Factor in two speeding tickets and the average cost jumps to $2,013, an increase of $491 each year. Now get one accident along with the two speeding tickets and the 12-month cost of car insurance for a Chevy Silverado jumps again to an average of $2,507. That’s an increase of $985, or $82 per month, just for being a little careless behind the wheel!

Full coverage versus liability only rates

Finding the cheapest insurance for a Chevy Silverado in Wisconsin is important to most vehicle owners, and an effective way to buy cheaper insurance is to only pay for liability coverage. The example below shows the difference between insurance costs when comparing full coverage to liability only. The data assumes no violations or accidents, $1,000 deductibles, single status, and no discounts are applied.

Averaged for all ages 20 through 70, full coverage costs an additional $1,230 per year over liability only. That amount may make you wonder when is it safe to stop buying full coverage. There isn’t a written rule to stop paying for physical damage coverage, but there is a general guideline. If the annual cost of your full coverage insurance is more than around 10% of any settlement you would receive from your insurance company, then it may be the right time to buy liability only.

For example, let’s say your vehicle’s replacement value is $10,000 and you have $1,000 full coverage deductibles. If your vehicle is severely damaged, the most you would receive is $9,000 after the deductible is paid. If premium cost is more than $900 annually for your policy with full coverage, then you might consider buying liability only.

There are a few situations where dropping full coverage is not financially feasible. If you still owe a portion of the original loan, you are required to maintain full coverage to satisfy the loan requirements. Also, if you don’t have enough money to buy a different vehicle in case of an accident, you should not buy liability only.

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

If you’re looking for the best auto insurance, four companies to definitely compare rates with are Geico, Allstate, State Farm, and Progressive. The following table rates ratings for price, service, and claims, in additional to some of the optional coverages that are available from each company.