Finding affordable car insurance for a Chevy Silverado doesn’t take too much effort, but it hinges on an enormous amount of rating factors such as whether you own a home, whether or not you have prior claims, and physical damage deductibles. California drivers pay on average $1,188 a year for Silverado insurance, but that cost is a projection using a 40-year-old married female driver with full physical damage coverage and $1,000 deductibles.
But there is a high probability that you may not be 40 years old (or even female), maybe you are single instead of married, and maybe you have sub-par credit that needs to be factored in. Just a very minor change in the rating criteria used to formulate rates can make a big difference in the cost of insuring your Silverado.
Car insurance coverage is unique to each driver, so this is why the way we recommend to find the most affordable coverage for your Chevrolet is to do a thorough rate comparison.
Vehicle trim level impacts the cost of coverage, so the rate you pay to insure a Silverado LS Regular Cab 2WD trim level will be $178 cheaper than the cost to insure the fancier Silverado Crew Cab Hybrid 4WD model, as shown in the table below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Silverado LS Regular Cab 2WD||$158||$292||$524||$32||$156||$1,162||$97|
|Silverado LS Regular Cab 4WD||$158||$292||$464||$28||$138||$1,080||$90|
|Silverado LT Regular Cab 2WD||$182||$354||$524||$32||$156||$1,248||$104|
|Silverado LT Regular Cab||$182||$354||$524||$32||$156||$1,248||$104|
|Silverado LS Extended Cab 4WD||$182||$354||$464||$28||$138||$1,166||$97|
|Silverado LT Extended Cab 4WD||$182||$354||$464||$28||$138||$1,166||$97|
|Silverado LT Extended Cab 2WD||$182||$354||$524||$32||$156||$1,248||$104|
|Silverado LS Extended Cab 2WD||$182||$354||$524||$32||$156||$1,248||$104|
|Silverado LT Crew Cab 4WD||$204||$418||$464||$28||$138||$1,252||$104|
|Silverado LS Crew Cab 2WD||$204||$418||$524||$32||$156||$1,334||$111|
|Silverado LS Crew Cab 4WD||$204||$418||$464||$28||$138||$1,252||$104|
|Silverado LT Crew Cab 2WD||$204||$418||$524||$32||$156||$1,334||$111|
|Silverado LTZ Extended Cab 2WD||$204||$418||$524||$32||$156||$1,334||$111|
|Silverado LTZ Extended Cab 4WD||$204||$418||$464||$28||$138||$1,252||$104|
|Silverado LTZ Crew Cab 2WD||$204||$418||$524||$32||$156||$1,334||$111|
|Silverado LTZ Crew Cab 4WD||$204||$418||$464||$28||$138||$1,252||$104|
|Silverado Crew Cab Hybrid 2WD||$204||$482||$464||$28||$138||$1,316||$110|
|Silverado Crew Cab Hybrid 4WD||$228||$482||$464||$28||$138||$1,340||$112|
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Data assumes married female driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and California minimum liability limits. Discounts applied include homeowner, multi-policy, claim-free, multi-vehicle, and safe-driver. Rate information does not factor in Stockton location which can decrease or increase coverage prices greatly.
California car insurance companies
Finding the right insurer can be difficult considering how many companies sell insurance in California. The ranking data below may help you choose which coverage providers you want to consider buying from.
The rankings below are only comprised of companies with a nationwide focus, so companies that have a smaller presence are not factored into this list. If you’d like to compare prices from the insurers below and more, simply click here.
|Company||Value||Customer Service||Claims||Customer Satisfaction||A.M Best Rating||Overall Score|
|AAA of Southern California||91||94||97||92%||A+||94.1|
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Data Source: Insure.com Best Car Insurance Companies
Discount Stockton car insurance rates
Insurers that offer quotes for a Chevy Silverado may also give you special discounts that could lower prices by 40% or more if you qualify. Large car insurance companies and a partial list of their discounts can be found below.
- State Farm includes discounts for anti-theft, student away at school, safe vehicle, multiple autos, defensive driving training, and accident-free.
- GEICO discounts include daytime running lights, membership and employees, anti-theft, defensive driver, and emergency military deployment.
- Progressive offers discounts including multi-vehicle, homeowner, online signing, continuous coverage, and online quote discount.
- 21st Century has discounts for 55 and older, anti-lock brakes, teen driver, driver training, and automatic seat belts.
- American Family may include discounts for accident-free, defensive driver, multi-vehicle, TimeAway discount, good driver, air bags, and bundled insurance.
- The Hartford may have discounts that include vehicle fuel type, defensive driver, anti-theft, good student, and air bag.
- AAA offers discounts for multi-car, AAA membership discount, education and occupation, anti-theft, and good student.
The diagram below illustrates the comparison of auto insurance costs with and without discounts applied to the rates. Data assumes a male driver, no claims or driving citations, California state minimum liability limits, full coverage, and $1,000 deductibles. The first bar for each age group shows the price with no discounts. The second shows the rates with marriage, passive restraint, anti-theft, claim-free, safe-driver, and vehicle safety discounts applied. In this example, theaverage yearly reduction on car insurance for a Chevy Silverado is 28% or $661.
The illustration below shows how choosing a deductible can raise or lower insurance premiums when trying to find cheap insurance for a Chevy Silverado. The premiums assume a married male driver, full physical damage coverage, and no discounts are applied.
In the chart above, a 40-year-old driver could lower their car insurance rates by $490 a year by changing their physical damage coverage from a $100 deductible up to a $500 deductible, or save $740 by using a $1,000 deductible. Even younger drivers, such as the 20-year-old chart data, could potentially save $1,638 or even more just by choosing larger deductibles.
When raising deductibles, it will be necessary to have additional funds squirreled away to cover the extra out-of-pocket expense that is associated with using high deductibles.
The importance of comparing Silverado insurance rates
California car insurance rates are calculated based on many things that will increase or decrease your annual premium. Simply turning a year older, buying a new vehicle, or getting a DUI may prompt premium changes that can cause some rates to be more affordable than before.
Not only may things change on your end, but companies modify rates every year as an adjustment for underwriting gains or losses. Significantly higher claims may result in price increases, while better underwriting may cause more affordable Silverado insurance rates.
For instance, the data below shows the companies that have the cheapest car insurance in Stockton, CA for a 30-year-old female driver with no prior accidents, a clean driving record, and great credit. Based on her current situation, USAA quotes the cheapest car insurance rates in Stockton at $1,317 per year. This is $334 less than the average premium paid by California drivers of $1,651. Wawanesa, CSAA, Century National, and Nationwide round out the rest of the cheapest Stockton, CA auto insurance companies.
Let’s now give the driver from the first set of rates an accident surcharge, less-than-perfect credit, and a stop sign violation. Since each company uses their own calculation for determining prices, analyzing rates may result in a different set of the cheapest companies as shown below.
Grange now has the lowest price in Stockton with Progressive, Mercury, Allstate, and Allied also being competitive. This demonstrates why consumers need to perform an extensive rate comparison to get the most budget-friendly car insurance quotes for a Chevy Silverado.
Insurance prices are made up of many factors and change substantially, so the cheapest option when you last compared rates may now cost much more than other companies.
The insurance agents in Stockton listed below can most likely provide answers to your questions and help you determine which coverage fits your budget, since some people have coverage questions and would like to have the advice of a professional agent when trying to find the best insurance rates for a Chevy Silverado. It can be time-consuming to find the best coverage on your own, so a professional agent can give you peace of mind knowing your coverage gives you enough coverage if you have a claim.
To locate a Stockton car insurance agency nearest to you, click the button following the list.
Farmers Insurance – Beatriz Salazar Perez
2111 W March Ln b201 – Stockton, CA 95207 – (209) 463-2302
Farmers Insurance – Ryan Turner
4560 N Pershing Ave b – Stockton, CA 95207 – (209) 957-1100
Dohrmann Insurance Agency, Inc.
3415 Brookside Rd – Stockton, CA 95219 – (209) 478-1400
How to find economical insurance for a Chevy Silverado
It’s not impossible to find cheaper rates, and here are some of the better thrifty solutions that can help drivers buy cheaper auto insurance.
- Claim-free drivers earn discounts
- Prevent rate increases by staying accident-free
- Insure your home and auto with the same company
- Drop full coverage on older vehicles
- Buy vehicles with good safety ratings
- Keep your driving record clean
- Shop around once a year for cheaper rates
The last tip in the list is very crucial, as we emphasized in the prior article. Insurance prices fluctuate constantly, so don’t be hesitant to buy from a different company if a more affordable rate is found. Having brand loyalty is commendable, but it’s not a good idea if that inflexibility results in costing you money that could be used for better things. In just a couple of minutes you could shop around and find cheaper car insurance for a Chevy Silverado in Stockton.