Buying affordable coverage for a Chevy Silverado in Virginia is pretty simple for most people to do, but it depends on a fairly complex equation with a lot of factors such as how far you commute, whether or not you have prior claims, and any prior driving citations you have received. Virginia drivers pay around $1,132 per year to insure their Silverado, but that amount is an approximation calculated using a 30-year-old single male driver with full coverage and $100 deductibles.
Odds are that you may not be 30 years old (or even male), married instead of single, or maybe you want more liability coverage than is required by law in Virginia. Even a minor change in rating factors or requested coverage amount could result in a significant change in the price of a policy.
Auto insurance requires individual risk assessment, so the way we recommend to find affordable rates for your Chevrolet is to compare as many rates as you can.
The trim level of your vehicle can impact the cost of insurance, so the cost to insure a Silverado LS Regular Cab 2WD will be $254 cheaper than the insurance cost for the higher-end Silverado Crew Cab Hybrid 4WD version, as demonstrated by the prices below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Silverado LS Regular Cab 2WD||$220||$328||$380||$22||$114||$1,064||$89|
|Silverado LS Regular Cab 4WD||$220||$328||$338||$20||$100||$1,006||$84|
|Silverado LT Regular Cab 2WD||$252||$400||$380||$22||$114||$1,168||$97|
|Silverado LT Regular Cab||$252||$400||$380||$22||$114||$1,168||$97|
|Silverado LS Extended Cab 4WD||$252||$400||$338||$20||$100||$1,110||$93|
|Silverado LT Extended Cab 4WD||$252||$400||$338||$20||$100||$1,110||$93|
|Silverado LT Extended Cab 2WD||$252||$400||$380||$22||$114||$1,168||$97|
|Silverado LS Extended Cab 2WD||$252||$400||$380||$22||$114||$1,168||$97|
|Silverado LT Crew Cab 4WD||$284||$472||$338||$20||$100||$1,214||$101|
|Silverado LS Crew Cab 2WD||$284||$472||$380||$22||$114||$1,272||$106|
|Silverado LS Crew Cab 4WD||$284||$472||$338||$20||$100||$1,214||$101|
|Silverado LT Crew Cab 2WD||$284||$472||$380||$22||$114||$1,272||$106|
|Silverado LTZ Extended Cab 2WD||$284||$472||$380||$22||$114||$1,272||$106|
|Silverado LTZ Extended Cab 4WD||$284||$472||$338||$20||$100||$1,214||$101|
|Silverado LTZ Crew Cab 2WD||$284||$472||$380||$22||$114||$1,272||$106|
|Silverado LTZ Crew Cab 4WD||$284||$472||$338||$20||$100||$1,214||$101|
|Silverado Crew Cab Hybrid 2WD||$284||$542||$338||$20||$100||$1,284||$107|
|Silverado Crew Cab Hybrid 4WD||$318||$542||$338||$20||$100||$1,318||$110|
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Cost estimates assume single male driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Virginia minimum liability limits. Discounts applied include claim-free, multi-policy, safe-driver, homeowner, and multi-vehicle. Price information does not factor in specific location information which can revise rates significantly.
Insuring your vehicle with the best auto insurance provider can be rather challenging considering how many companies are available to choose from in Virginia Beach. The company rank data listed below may help you pick which auto insurance companies to look at when shopping car insurance rates for a Chevy Silverado. These rankings are for the companies with a significant amount of written premium nationwide, so smaller companies will not be included in the list.
|Company||Value||Customer Service||Claims||Customer Satisfaction||A.M Best Rating||Overall Score|
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Data Source: Insure.com Best Car Insurance Companies
The illustration below illustrates how choosing a deductible can influence insurance prices when researching cheap insurance for a Chevy Silverado. The data is based on a single female driver, comprehensive and collision coverage, and no discounts are applied to the premium.
As shown above, a 50-year-old driver could lower their car insurance rates by $284 a year by switching their comprehensive and collision coverages from a $100 deductible to a $500 deductible, or save $428 by switching to a $1,000 deductible. Even younger insureds, like the Age 20 category, could possibly save as much as $726 or even more just by choosing larger deductibles.
If you do make the decision to raise your deductibles, it is necessary to have plenty of money set aside to satisfy the extra out-of-pocket expense. This is the primary disadvantage of choosing high deductibles.
What aren’t you shopping around?
Virginia insurance rates are determined by lots of factors that may substantially change the price of your policy. Simply getting older, marrying your spouse, or getting into an accident can cause premium changes resulting in some rates now being much cheaper than others.
Not only may your risk profile change, but car insurance companies amend pricing at least once a year as an adjustment for underwriting gains or losses. An unexpected high level of claims may cause increased rates, while less frequent claims may produce lower-priced Silverado insurance rates.
For example, the graph below shows a variety of companies that have the cheapest car insurance in Virginia Beach, VA for a 30-year-old male driver with no accidents, a clean driving record, and a decent credit rating. When comparing rates based on his current risk factors, Travelers quotes the most affordable car insurance rates in Virginia Beach at $823 each year. This is $335 less than the average price paid by Virginia drivers of $1,158. USAA, Penn National, Cincinnati Insurance, and Auto-Owners are the rest of the cheapest Virginia Beach, VA auto insurance companies.
In this example, we will give the driver from the above example an accident claim, a little lower credit rating, and a traffic citation. Due to the fact that every auto insurer has their own process for establishing rates, analyzing rates will most likely result in a slightly different list of affordable Virginia Beach car insurance companies as shown below.
Erie now has the lowest price in Virginia Beach with Utica National, Virginia Farm Bureau, Donegal Mutual, and Nationwide also being competitive. This example illustrates why Virginia Beach drivers need to compare rates to find the most affordable insurance rates for a Chevy Silverado.
Prices consist of many things and can increase or decrease at any time, so the cheapest company three years ago may now be quite expensive.
If you have coverage questions and would like to have some professional guidance when shopping for the best coverage for a Silverado pickup, the professional agents shown below can help you decide which coverages you need. To find an agent near you, click the button following the list or click here to compare price quotes.
- Brett Pendergast – State Farm Insurance Agent
4388 Holland Road Ste. 110 – Virginia Beach, VA 23452 – (757) 499-6813
- Ed Barnhart – State Farm Insurance Agent
5660 Indian River Rd #126 – Virginia Beach, VA 23464 – (757) 366-0322
- Allstate Insurance: Richard C. Barbosa, II
4382 Holland Plaza Shopping Ctr, # Ce – Virginia Beach, VA 23452 – (757) 431-0217
How to find cheaper car insurance for a Chevy Silverado
It is possible to find better rates, and here are some of the better money-saving solutions that can help you quote cheap auto insurance.
- Higher credit ratings may save you money
- Do not pay for full coverage if not needed
- Higher comprehensive and collision coverage deductibles will save money
- Drive a car with a high safety rating
- Do not get into accidents
- Be a cautious driver
- Compare rates and switch if you can find a better deal
The last item on the list is highly crucial, as was affirmed in this write-up. Prices charged by companies can be adjusted at any time, so you should be ready to change insurance companies if a cheaper price is available.
Being loyal to a particular company is commendable, but is isn’t recommended if that inflexibility results in costing you money that could be spent on other things. Take a few minutes and compare rates to find cheaper insurance for a Chevy Silverado in Virginia Beach.