Who Has Cheap Insurance for a Chevrolet Silverado in Texas?

Anytime the topic is car insurance, the word affordable really should not be used anywhere in the article. Regardless, cheap car insurance for a Chevy Silverado does not exist. Don’t let that spoil your day, because there may be ways you can still get insurance that is easy on your budget.

The likelihood of finding cheap car insurance for a Chevy Silverado in Texas relies on a lot of rating criteria like if you are married or single, if you have ever had a coverage lapse, and your driving record. Drivers in Texas pay around $1,150 annually to insure a Chevrolet Silverado, but that amount is a valuation using a 50-year-old married female driver that included full coverage including both comprehensive and collision and $250 policy deductibles.

The problem with using this number is the good chance you are not 50 and maybe not even a female, single instead of married, or maybe you have a violation on your driving record. This shows why the best way to quote cheap insurance rates for your Chevrolet is to get into the habit of shopping around regularly.

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Vehicle trim level can impact the yearly cost, so the cost to insure a Silverado LS Regular Cab 2WD model will be $246 less than the price to insure the higher-end Silverado Crew Cab Hybrid 4WD version, as shown in the chart below.

Data based on married female driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Texas minimum liability limits. Discounts applied include claim-free, multi-policy, homeowner, multi-vehicle, and safe-driver. Rates do not factor in specific location which can affect insurance rates substantially.

Insurance companies ranked

Selecting the top auto insurance provider can be difficult considering how many different companies insure vehicles in Texas. The information in the next section could help you choose which auto insurers to look at purchasing from.

These rankings include the largest companies in America, so smaller companies that only insure vehicles in Texas are not included in these rankings. To get rate quotes from these and other competitive companies, click this link.

Comparison of full coverage and liability-only policies

Finding cheap insurance for a Chevy Silverado in Texas is important to most drivers, and an easy way to reduce the cost of insurance is to not insure for full coverage. The diagram below illustrates the difference between annual premium costs with full physical damage coverage compared to only buying the minimum liability limits required in Texas. The rates are based on no violations or accidents, $1,000 deductibles, single marital status, and no additional discounts are factored in.

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If averaged out across all ages, full coverage costs an additional $1,758 per year more than insuring for liability only. That is a significant amount which raises the question when is it a good idea to stop buying full coverage. There is no definitive formula that works best for making the decision to drop full coverage on your policy, but there is a broad guideline. If the annual cost of coverage is more than around 10% of replacement cost minus your deductible, then it might be time to buy liability only.

Get discounts on Texas auto insurance

Insurance companies that offer cheap insurance for a Chevy Silverado in Texas may also provide policy discounts that could lower prices by 40% or more if you meet certain criteria. A few popular companies and some of the premium reductions they offer include:

The illustration below shows the comparison of auto insurance rates with and without discounts applied to the policy rates. The information is based on a female driver, no tickets, no at-fault accidents, Texas state minimum liability limits, comprehensive and collision coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multiple policy, vehicle safety, accident-free, marriage, anti-theft, and passive restraint discounts applied. When these discounts are applied to the policy premium, the the average amount saved on insurance for a Chevy Silverado is % or $.

google.charts.setOnLoadCallback(drawDiscqcibChart);function drawDiscqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘Female Driver No Discounts’, ‘Female Driver with Discounts’],[‘Age 20’, 2731,1955],[‘Age 30’, 1813,1307],[‘Age 40’, 1705,1229],[‘Age 50’, 1491,1073],[‘Age 60’, 1443,1041],[‘Age 70’, 1719,1231]]);var options = {title: ‘Effect of Discounts on Insurance Price 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);}

Company comparison: Progressive vs State Farm vs Geico vs Allstate

If you’re looking for the cheapest insurance for a Silverado pickup in Texas, the top insurers to get price quotes from are Progressive, State Farm, Geico, and Allstate. All offer your standard physical damage and liability coverages, but each one has a little bit different set of discounts and options that may influence your choice. The table below points out some of the different options that are available.