Buying cheaper coverage for a Chevy Silverado relies on an enormous amount of factors such as how far you commute, the condition of your credit, and the deductible amount you use. Drivers in Kentucky pay on average $1,011 annually for Silverado insurance, but that is an estimation using a 30-year-old married male driver with full coverage and $500 deductibles.
But there is a good chance that you’re not a 30-year-old male, possibly single instead of married, or maybe you have a teenager that needs to be on your policy. Not every driver requires the same auto insurance coverages, so the best way to find affordable rates for your Chevrolet is to compare as many rates as possible. Quotes are free and you will receive price comparisons from top-rated car insurance companies that insure vehicles in Kentucky.
The trim level of your Silverado will be a contributing factor to the cost of insurance, so the price you pay to insure a Silverado LS Regular Cab 2WD trim level will be $208 less than the insurance cost for the higher-priced Silverado Crew Cab Hybrid 4WD model, as shown in the prices below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Silverado LS Regular Cab 2WD||$178||$282||$368||$22||$110||$960||$80|
|Silverado LS Regular Cab 4WD||$178||$282||$326||$20||$98||$904||$75|
|Silverado LT Regular Cab 2WD||$206||$342||$368||$22||$110||$1,048||$87|
|Silverado LT Regular Cab||$206||$342||$368||$22||$110||$1,048||$87|
|Silverado LS Extended Cab 4WD||$206||$342||$326||$20||$98||$992||$83|
|Silverado LT Extended Cab 4WD||$206||$342||$326||$20||$98||$992||$83|
|Silverado LT Extended Cab 2WD||$206||$342||$368||$22||$110||$1,048||$87|
|Silverado LS Extended Cab 2WD||$206||$342||$368||$22||$110||$1,048||$87|
|Silverado LT Crew Cab 4WD||$232||$404||$326||$20||$98||$1,080||$90|
|Silverado LS Crew Cab 2WD||$232||$404||$368||$22||$110||$1,136||$95|
|Silverado LS Crew Cab 4WD||$232||$404||$326||$20||$98||$1,080||$90|
|Silverado LT Crew Cab 2WD||$232||$404||$368||$22||$110||$1,136||$95|
|Silverado LTZ Extended Cab 2WD||$232||$404||$368||$22||$110||$1,136||$95|
|Silverado LTZ Extended Cab 4WD||$232||$404||$326||$20||$98||$1,080||$90|
|Silverado LTZ Crew Cab 2WD||$232||$404||$368||$22||$110||$1,136||$95|
|Silverado LTZ Crew Cab 4WD||$232||$404||$326||$20||$98||$1,080||$90|
|Silverado Crew Cab Hybrid 2WD||$232||$466||$326||$20||$98||$1,142||$95|
|Silverado Crew Cab Hybrid 4WD||$258||$466||$326||$20||$98||$1,168||$97|
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Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Kentucky minimum liability limits. Discounts applied include homeowner, safe-driver, multi-policy, multi-vehicle, and claim-free. Price estimates do not factor in Louisville location which can decrease or increase premium rates greatly.
Finding decent, low-cost insurance is not most people’s favorite thing to do, and finding out which insurers offer the cheapest car insurance rates for a Chevy Silverado will involve a bit more work. Every insurance company has their own process to determine rates, so first let’s look at the rankings for the car insurance companies with the most affordable rates in Louisville.
Find the Cheapest Auto Insurance for Your Silverado Truck
|Rank||Company||Cost Per Year|
|2||Kentucky Farm Bureau||$1,128|
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Cincinnati Insurance generally has some of the lowest car insurance rates in Louisville at around $1,126 each year. This is $1,017 less than the average policy premium paid by Kentucky drivers of $2,143. Kentucky Farm Bureau, USAA, Auto-Owners, and Grange Mutual would also be considered some of the cheaper Louisville, KY car insurance companies.
In this example, if you have coverage with Kentucky Farm Bureau and switched to Cincinnati Insurance, you might see yearly savings of roughly $2. Insureds with USAA might save as much as $61 a year, and Auto-Owners customers might lower prices by up to $245 a year.
To find the cheapest coverage for you, click here to begin a quote or click several companies below for low rates.
Understand that those premiums are averaged for all insureds and vehicles and are not factoring in an exact vehicle garaging location for a Chevy Silverado. So the car insurance company that can offer the best rates for your situation may not even be in the top 21 companies shown above. That emphasizes why you need to get auto insurance quotes using your own driver and vehicle profiles.
Get discounts on Louisville car insurance rates
Insurance companies that offer coverage for a Chevy Silverado may also provide special discounts that could reduce prices by as much as 40% or more if you can meet the requirements. Popular car insurance companies and a selection of discounts include:
- 21st Century offers discounts for good student, student driver, 55 and older, automatic seat belts, anti-lock brakes, teen driver, and theft prevention.
- State Farm includes discounts for multiple policy, passive restraint, student away at school, safe vehicle, good student, and good driver.
- AAA offers discounts including good student, education and occupation, multi-car, good driver, anti-theft, and multi-policy.
- Liberty Mutual may include discounts for new vehicle discount, new move discount, newly retired, good student, hybrid vehicle, and teen driver discount.
- Progressive may have discounts that include multi-vehicle, good student, continuous coverage, multi-policy, online signing, online quote discount, and homeowner.
The information below visualizes the comparison of car insurance rates with and without discounts applied to the premium. The prices are based on a female driver, a clean driving record, no at-fault accidents, Kentucky state minimum liability limits, full coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second bar shows the rates with accident-free, defensive driving course, passive restraint, homeowner, marriage, and claim-free discounts applied. In this example, the average amount saved each year on car insurance for a Chevy Silverado is 28% or $483.
Low rates today, overpriced tomorrow
Kentucky car insurance rates are impacted by many factors that can increase the price you have to pay for coverage. Simply turning a year older, buying a different home, or getting a DUI can trigger changes in premium that can make some companies cheaper than competitors. In addition, insurers file new Kentucky auto insurance rates at least once a year in order to protect their financial rating. A period of higher than normal claims may result in a rate increase, while better underwriting may cause lower-priced Silverado insurance rates.
For instance, the chart below demonstrates which company has the cheapest car insurance in Louisville, KY for a 45-year-old male driver with a clear driving record, no claims, and a decent credit rating. When quoting prices based on his current rating profile, Cincinnati Insurance might quote the best car insurance rates in Louisville at $1,661 annually. This is $482 less than the average policy premium paid by Kentucky drivers of $2,143. Kentucky Farm Bureau, USAA, Auto-Owners, and Motorists Mutual are also on the list of the cheapest Louisville, KY auto insurance companies.
In the next rate comparison, we’ll give the driver from the first example a chargeable accident, less-than-perfect credit, and a few traffic violations. Because every insurance company uses their own method to set premium rates, analyzing rates may now show a different ranking of affordable companies as shown below.
Kentucky Farm Bureau now has the cheapest auto insurance in Louisville with Travelers, USAA, State Farm, and Westfield completing the list. This shows why it is important to perform an extensive rate comparison when trying to get the most affordable insurance quotes for a Chevy Silverado.
Auto insurance prices are determined by many different factors and change frequently, so the most economical option when you bought your policy may now be costing you a lot of money.
Ideas for buying economical car insurance for a Chevy Silverado
The list below shows a few thrifty suggestions that can help Kentucky drivers quote lower-cost auto insurance.
- Do not get into accidents that are your fault
- Increase your physical damage deductibles
- Try to pay small claims out-of-pocket
- Do not waste money insuring older vehicles for full coverage
- Serious violations like DUI or careless driving can make car insurance unaffordable
- Keep rates low by shopping around frequently
The last idea is extraordinarily critical, as we pointed out in the prior article. Insurance prices go up and down frequently, so drivers shouldn’t be resistant to buy from a new company if a cheaper rate is available.
We understand brand loyalty, but it’s not a good idea if that devotion results in you overpaying a considerable chunk of change every month. It only take a few minutes to compare prices and find cheaper insurance for a Chevy Silverado in Louisville.