Finding economical auto insurance for a Chevy Silverado is dependent upon a complicated formula that considers factors such as how long your commute is, the performance level of your vehicle, and the deductible amount you use. Drivers pay on average $1,099 per year to insure their Silverado, but that price is an estimation using a 40-year-old married male driver with full coverage and $1,000 deductibles.
There’s a good chance you’re not a 40-year-old male, possibly single instead of married, or maybe you prefer higher deductibles. Everone’s needs are different, and this illustrates why the best method for finding cheap insurance rates for your Chevrolet is to just take the time to compare rates yourself. Compare rate quotes now and you will receive rate quotes from some of the best insurers that insure vehicles in Florida.
Vehicle trim level tends to have a direct impact on price, so the price to insure a Silverado LS Regular Cab 2WD model will be $162 lower than the price to insure the more costly Silverado Crew Cab Hybrid 4WD trim level, as shown below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Silverado LS Regular Cab 2WD||$158||$258||$486||$28||$146||$1,076||$90|
|Silverado LS Regular Cab 4WD||$158||$258||$430||$26||$128||$1,000||$83|
|Silverado LT Regular Cab 2WD||$182||$314||$486||$28||$146||$1,156||$96|
|Silverado LT Regular Cab||$182||$314||$486||$28||$146||$1,156||$96|
|Silverado LS Extended Cab 4WD||$182||$314||$430||$26||$128||$1,080||$90|
|Silverado LT Extended Cab 4WD||$182||$314||$430||$26||$128||$1,080||$90|
|Silverado LT Extended Cab 2WD||$182||$314||$486||$28||$146||$1,156||$96|
|Silverado LS Extended Cab 2WD||$182||$314||$486||$28||$146||$1,156||$96|
|Silverado LT Crew Cab 4WD||$204||$370||$430||$26||$128||$1,158||$97|
|Silverado LS Crew Cab 2WD||$204||$370||$486||$28||$146||$1,234||$103|
|Silverado LS Crew Cab 4WD||$204||$370||$430||$26||$128||$1,158||$97|
|Silverado LT Crew Cab 2WD||$204||$370||$486||$28||$146||$1,234||$103|
|Silverado LTZ Extended Cab 2WD||$204||$370||$486||$28||$146||$1,234||$103|
|Silverado LTZ Extended Cab 4WD||$204||$370||$430||$26||$128||$1,158||$97|
|Silverado LTZ Crew Cab 2WD||$204||$370||$486||$28||$146||$1,234||$103|
|Silverado LTZ Crew Cab 4WD||$204||$370||$430||$26||$128||$1,158||$97|
|Silverado Crew Cab Hybrid 2WD||$204||$426||$430||$26||$128||$1,214||$101|
|Silverado Crew Cab Hybrid 4WD||$228||$426||$430||$26||$128||$1,238||$103|
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Data based on married male driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Florida minimum liability limits. Discounts applied include multi-policy, homeowner, multi-vehicle, safe-driver, and claim-free. Premium costs do not factor in vehicle garaging location which can raise or lower auto insurance rates considerably.
Insuring your vehicle with the right insurer is difficult considering how many different companies insure vehicles in Orlando. The ranking data in the lists below can help you select which providers you want to consider purchasing from.
The ratings below are for companies with a nationwide focus, so companies that only write business in Florida or surrounding areas are not factored into this list. To compare price quotes from the insurers below and more, simply click here.
Top 10 Major Auto Insurers Overall in Orlando
- Mercury Insurance
- AAA Insurance
- State Farm
- The Hartford
- Safeco Insurance
Types of discounts on Orlando auto insurance rates
Insurance companies that offer quotes for a Chevy Silverado may also offer rate discounts that may potentially lower prices by 40% or more if you meet eligibility requirements. Popular insurance companies and a selection of discounts are shown below.
- GEICO may include discounts for driver training, daytime running lights, emergency military deployment, anti-theft, membership and employees, air bags, and defensive driver.
- Travelers may have discounts that include save driver, good student, multi-policy, payment discounts, and multi-car.
- Nationwide includes discounts for family plan, good student, multi-policy, business or organization, anti-theft, Farm Bureau membership, and defensive driving.
- Farmers Insurance may offer discounts for early shopping, pay in full, switch companies, electronic funds transfer, and good student.
- Esurance has discounts for defensive driver, multi-policy, renters, Switch & Save, and good driver.
- State Farm policyholders can earn discounts including driver’s education, anti-theft, safe vehicle, good driver, and student away at school.
- Progressive offers premium reductions for homeowner, online signing, multi-vehicle, multi-policy, and continuous coverage.
- Mercury Insurance has savings for multi-car, type of vehicle, location of vehicle, low natural disaster claims, good student, good driver, and accident-free.
The information below illustrates the comparison of car insurance costs with and without discounts applied to the rates. The premiums are based on a female driver, no claims or driving violations, Florida state minimum liability limits, full physical damage coverage, and $1,000 deductibles. The first bar for each age group shows the average rate with no discounts. The second shows the rates with marriage, vehicle safety, defensive driving course, accident-free, multiple policy, and homeowner discounts applied. When discounts are factored in, the average amount saved each year on insurance for a Chevy Silverado is 28% or $588.
The benefit of shopping around
Florida insurance rates are influenced by many factors that control the price you pay for coverage. Simply turning a year older, having a teenage driver, or having a fender bender can cause premium changes that can cause some rates to be more affordable than others. Additionally, insurance companies change prices multiple times each year to adjust for heavy claims or excess profits. Significantly higher losses may result in more expensive prices, while a lower level of claims can result in lower-priced Silverado insurance rates.
To help illustrate this point, the data below compares the cheapest car insurance in Orlando, FL for a 40-year-old female driver with no violations or accidents, and excellent credit. If we compare prices based on her current rating profile, USAA quotes the best car insurance rates in Orlando at $1,133 each year. This is $1,315 less than the average rate paid by Florida drivers of $2,448. Electric, Amica, Progressive, and Mercury are the remainder of the most affordable Orlando, FL auto insurance companies.
Now let’s give the driver from the first example a chargeable accident, a little lower credit rating, and a speeding citation. Since each company has their own unique process for determining rates in each state, comparing quotes may now result in a new list of cheap Orlando auto insurance companies as shown below.
USAA now has the cheapest car insurance in Orlando, FL with Travelers, Esurance, State Farm, and Auto-Owners also having competitive pricing. This example demonstrates why it is crucial to compare many different companies when trying to get the most economical car insurance rates for a Chevy Silverado.
Car insurance prices can be altered by many different factors and change substantially, so the most economical option three years ago may now be quite expensive.
How to find the cheapest car insurance for a Chevy Silverado
Lowering your rates is not difficult, and here are some of the recommended penny-pinching ideas that can help Florida drivers get lower-cost coverage.
- Raise your physical damage coverage deductibles
- Higher credit ratings may save you money
- Full coverage is expensive so only insure older vehicles for liability only
- Violations and traffic tickets increase rates
- Drive safe vehicles
- Do not get into accidents that are your fault
- Shop around for cheaper rates regularly
The last idea is notably vital, as was pointed out in the prior information. Prices charged by car insurance companies can be adjusted at any time, so don’t be tentative to buy a policy from a new company if a more affordable rate is found. Many consumers stick with the same company and that’s fine, but is isn’t recommended if it’s costing you a small fortune. In just a few minutes you could compare rates to find cheaper auto insurance for a Chevy Silverado in Orlando.