Buying cheap insurance for a Chevy Silverado in Arizona hinges on many rating factors such as whether you own a home, the size of your vehicle, and your policy deductibles. Drivers will pay around $897 each year to insure their Silverado, but that cost is an estimate calculated based on a 40-year-old married male driver with full coverage and $500 deductibles.
Most likely you are not 40 and maybe not even a male, single instead of married, and maybe you want different deductibles. Have just a small change in the rating criteria used to formulate rates could end up in a significant change in the policy rate.
Not everyone needs the same coverages, so the best way to find the most affordable coverage for your Chevrolet is to compare as many rates as possible.
The trim level of your vehicle can impact the insurance rate, so the rate you will pay to insure a Silverado LS Regular Cab 2WD model will be $166 cheaper than the insurance cost for the more well-appointed Silverado Crew Cab Hybrid 4WD model, as demonstrated by the prices below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Silverado LS Regular Cab 2WD||$150||$238||$348||$20||$104||$860||$72|
|Silverado LS Regular Cab 4WD||$150||$238||$308||$18||$92||$806||$67|
|Silverado LT Regular Cab 2WD||$172||$290||$348||$20||$104||$934||$78|
|Silverado LT Regular Cab||$172||$290||$348||$20||$104||$934||$78|
|Silverado LS Extended Cab 4WD||$172||$290||$308||$18||$92||$880||$73|
|Silverado LT Extended Cab 4WD||$172||$290||$308||$18||$92||$880||$73|
|Silverado LT Extended Cab 2WD||$172||$290||$348||$20||$104||$934||$78|
|Silverado LS Extended Cab 2WD||$172||$290||$348||$20||$104||$934||$78|
|Silverado LT Crew Cab 4WD||$194||$342||$308||$18||$92||$954||$80|
|Silverado LS Crew Cab 2WD||$194||$342||$348||$20||$104||$1,008||$84|
|Silverado LS Crew Cab 4WD||$194||$342||$308||$18||$92||$954||$80|
|Silverado LT Crew Cab 2WD||$194||$342||$348||$20||$104||$1,008||$84|
|Silverado LTZ Extended Cab 2WD||$194||$342||$348||$20||$104||$1,008||$84|
|Silverado LTZ Extended Cab 4WD||$194||$342||$308||$18||$92||$954||$80|
|Silverado LTZ Crew Cab 2WD||$194||$342||$348||$20||$104||$1,008||$84|
|Silverado LTZ Crew Cab 4WD||$194||$342||$308||$18||$92||$954||$80|
|Silverado Crew Cab Hybrid 2WD||$194||$392||$308||$18||$92||$1,004||$84|
|Silverado Crew Cab Hybrid 4WD||$216||$392||$308||$18||$92||$1,026||$86|
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Premium data assumes married male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Arizona minimum liability limits. Discounts applied include safe-driver, homeowner, claim-free, multi-vehicle, and multi-policy. Price estimates do not factor in Mesa location which can influence price quotes noticeably.
Finding out which companies quote the cheapest insurance rates for a Chevy Silverado calls for more time than just getting one or two price quotes.
Each auto insurer has a unique approach for setting rates, so we will examine the insurance companies that tend to be cheaper in Arizona. It’s a good idea to be aware that Mesa, AZ insurance rates are based on many factors which can substantially change your annual premium. Getting older, having a teen driver, or getting a ticket for running a stop sign can trigger rate changes that can cause some rates to be more affordable than competitors.
Best Cheap Insurance Rates for Your Silverado Truck
|Rank||Company||Cost Per Year|
|12||Farm Bureau Mutual||$1,297|
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The Hartford quotes some of the most affordable car insurance rates in Mesa at around $820 each year. This is $608 less than the average premium paid by Arizona drivers of $1,428. Auto-Owners, Safeco, Travelers, and USAA would also make the list of some of the lowest-priced Mesa, AZ auto insurance companies.
As shown in the table above, if you buy coverage from Auto-Owners and switched to The Hartford, you may see annual savings of around $68. Insureds with Safeco might save as much as $112 a year, and Travelers policyholders might see rate reductions of $288 a year.
It’s important to note that these premium estimates are averaged for all drivers and vehicles in Arizona and and are not calculated with an exact zip code location for a Chevy Silverado. So the auto insurance company that can offer you the lowest price may not even be in the list above. That underscores the importance of why you need to compare rates from multiple companies using your own personal information and vehicle type.
Full coverage rates vs. liability-only in Mesa
Buying cheaper insurance is probably important to most vehicle owners, and one way to pay lower rates for insurance for a Chevy Silverado is to only pay for liability coverage. The chart below shows the difference between auto insurance costs with liability coverage only compared to full coverage. The price estimates are based on no claims or violations, $100 deductibles, drivers are single, and no policy discounts are applied.
Averaged for all ages 20 through 70, physical damage insurance costs an extra $2,151 per year over having just liability coverage. Many of you may wonder if buying full coverage is a waste of money. There is no exact formula that is best for determining when to drop physical damage insurance, but there is a general guideline. If the yearly cost for physical damage coverage is more than 10% of any settlement you would receive from your insurance company, then you might want to think about dropping full coverage.
For example, let’s assume your vehicle’s replacement cost is $11,500 and you have $1,000 physical damage deductibles. If your vehicle is severely damaged, the most you would get paid by your company is $10,500 after paying the physical damage deductible. If premiums are more than $1,050 annually for comprehensive and collision coverage, then it could be time to drop full coverage.
Reckless driving habits raise insurance rates
The recommended way to enjoy good insurance rates for a Silverado pickup is to drive safely and avoid accidents and traffic citations. The diagram below highlights how speeding tickets and at-fault claims increase car insurance costs for different insured age categories. The prices are based on a single male driver, full physical damage coverage, $500 deductibles, and no other discounts are factored in.
The data above shows the average cost of car insurance in Arizona per year with no violations or accidents is $1,943. Get two speeding tickets and the average cost surges to $2,576, an increase of $633 each year. Now add in two accidents along with the two speeding tickets and the yearly cost of insurance for a Chevy Silverado jumps again to an average of $4,875. That’s an increase of $2,932, or $244 per month, just for not keeping your driving record clean!
Types of discounts on Mesa auto insurance rates
Car insurance companies that offer quotes for a Chevy Silverado may provide rate discounts that can lower rates by as much as 40% or more if you meet certain criteria. A few of the larger companies and a partial list of their discounts can be found below.
- GEICO may offer discounts for daytime running lights, emergency military deployment, anti-theft, military active duty, membership and employees, five-year accident-free, and seat belt use.
- Travelers offers premium reductions for IntelliDrive, driver training, multi-policy, new car, and payment discounts.
- Farm Bureau discounts include renewal discount, multi-policy, driver training, multi-vehicle, safe driver, good student, and youthful driver.
- Liberty Mutual includes discounts for new graduate, good student, exclusive group savings, hybrid vehicle, and newly retired.
- American Family has discounts for bundled insurance, multi-vehicle, accident-free, defensive driver, and early bird.
- Progressive may have discounts that include homeowner, online signing, continuous coverage, multi-vehicle, good student, online quote discount, and multi-policy.
The diagram below shows the difference between yearly insurance costs with and without discounts applied to the premium. The premium estimates are based on a male driver, no claims or violations, Arizona state minimum liability limits, full physical damage coverage, and $100 deductibles. The first bar for each age group shows the average annual price with no discounts. The lower bar shows the rates with passive restraint, homeowner, anti-theft, claim-free, defensive driving course, and marriage discounts applied. When these discounts are applied to the policy premium, theamount saved on insurance for a Chevy Silverado is 28% or $661.