Finding economical auto insurance for a Chevy Silverado in Texas is fairly simple, but it depends on lots of different factors such as the safety rating for your Silverado, whether or not you have prior claims, and if you have a history of accidents. Texas drivers pay on average $1,308 a year for Silverado insurance, but that price is an approximation using a 30-year-old single female driver with full coverage and $1,000 deductibles.
Most likely you’re not a 30-year-old female, married instead of single, or maybe you don’t qualify for the same discounts. Every driver’s needs are different, and that is why the best way to find cheap auto insurance rates for your Chevrolet is to compare rates from as many companies as possible.
The trim level of your vehicle has an effect on the cost of coverage, so the rate you will pay to insure a Silverado LS Regular Cab 2WD trim level will be $190 lower than the price to insure the more expensive Silverado Crew Cab Hybrid 4WD trim level, as demonstrated by the prices below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Silverado LS Regular Cab 2WD||$176||$316||$582||$34||$174||$1,282||$107|
|Silverado LS Regular Cab 4WD||$176||$316||$514||$30||$154||$1,190||$99|
|Silverado LT Regular Cab 2WD||$202||$384||$582||$34||$174||$1,376||$115|
|Silverado LT Regular Cab||$202||$384||$582||$34||$174||$1,376||$115|
|Silverado LS Extended Cab 4WD||$202||$384||$514||$30||$154||$1,284||$107|
|Silverado LT Extended Cab 4WD||$202||$384||$514||$30||$154||$1,284||$107|
|Silverado LT Extended Cab 2WD||$202||$384||$582||$34||$174||$1,376||$115|
|Silverado LS Extended Cab 2WD||$202||$384||$582||$34||$174||$1,376||$115|
|Silverado LT Crew Cab 4WD||$228||$452||$514||$30||$154||$1,378||$115|
|Silverado LS Crew Cab 2WD||$228||$452||$582||$34||$174||$1,470||$123|
|Silverado LS Crew Cab 4WD||$228||$452||$514||$30||$154||$1,378||$115|
|Silverado LT Crew Cab 2WD||$228||$452||$582||$34||$174||$1,470||$123|
|Silverado LTZ Extended Cab 2WD||$228||$452||$582||$34||$174||$1,470||$123|
|Silverado LTZ Extended Cab 4WD||$228||$452||$514||$30||$154||$1,378||$115|
|Silverado LTZ Crew Cab 2WD||$228||$452||$582||$34||$174||$1,470||$123|
|Silverado LTZ Crew Cab 4WD||$228||$452||$514||$30||$154||$1,378||$115|
|Silverado Crew Cab Hybrid 2WD||$228||$520||$514||$30||$154||$1,446||$121|
|Silverado Crew Cab Hybrid 4WD||$254||$520||$514||$30||$154||$1,472||$123|
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Price data assumes single female driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Texas minimum liability limits. Discounts applied include homeowner, multi-vehicle, safe-driver, claim-free, and multi-policy. Table data does not factor in garaging location in Houston which can alter auto insurance rates substantially.
What is the best auto insurance company in Houston?
Ending up with the best car insurance company is hard considering how many companies there are in Texas. The ranking data shown below could help you pick which auto insurers you want to consider buying from. These rankings are only made up of major nationwide insurance companies, so companies that may only write in Texas are not taken into consideration for this 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
Liability rates compared to full coverage
Saving on auto insurance is important to most vehicle owners, and one of the quickest ways to pay lower rates for insurance for a Chevy Silverado is to not buy full coverage. The illustration below illustrates the comparison of premium costs when comparing full coverage to liability only. The data is based on no violations or claims, $250 deductibles, marital status is single, and no other discounts are factored in.
Averaged out for all age groups, comprehensive and collision coverage on your policy costs an additional $2,791 per year more than just insuring for liability. A very common question is if physical damage coverage is worth the money. There isn’t a written rule that is best for determining when to drop physical damage coverage, but there is a general guideline. If the yearly cost of comp and collision coverage is 10% or more of the replacement cost of your vehicle minus the policy deductible, then you might consider buying liability only.
For example, let’s say your vehicle’s claim settlement value is $4,500 and you have $1,000 deductibles. If your vehicle is destroyed, the most your company would pay you is $3,500 after the deductible is paid. If you are paying in excess of $350 annually for physical damage coverage, then it’s probably a good time to buy liability coverage only.
There are some circumstances where only buying liability is not financially feasible. If you still owe a portion of the original loan, you have to maintain full coverage in order to prevent your loan from defaulting. Also, if you can’t afford to buy a different vehicle if your current one is damaged, you should not drop full coverage.
Violations and accidents raise rates
A great way to score low auto insurance prices in Texas for a Silverado pickup is to drive attentively and avoid accidents and traffic violations. The example below demonstrates how speeding tickets and accidents can drive up insurance premiums for each age group. The rates are based on a single male driver, full physical damage coverage, $250 deductibles, and no discounts are factored in.
In the previous chart, the average cost of auto insurance in Houston per year with a clean driving record and no accidents is $2,718. Add in one speeding ticket and the average cost hikes up to $3,063, an increase of $344 each year. Then add in one accident along with the one speeding ticket and the yearly cost of auto insurance for a Chevy Silverado goes up to an average of $4,034. That’s an increase of $1,316, or $110 per month, just for not keeping your driving record clean!
Why you should be shopping around
Houston auto insurance rates are impacted by many things which can substantially decrease or increase the cost of your policy. Simply getting older, increasing deductibles, or getting a driving violation can trigger changes in premium that can make some companies affordable when they were higher priced.
Not only that, but insurance companies change their prices as often as every three months in order to maintain liquidity for claims. Higher than normal claims may cause a rate increase, while lower claim levels can cause cheaper Silverado insurance rates.
For instance, the data below shows a variety of companies that have the cheapest car insurance in Houston, TX for a 40-year-old female driver with no prior claims, no tickets, and a decent credit rating. If we estimate rates based on her current risk profile, Travelers might offer the lowest car insurance rates in Houston at $1,209 a year. This is $695 less than the average rate paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and California Casualty are the remaining best Houston, TX auto insurance companies.
The next chart shows rates after we give the driver in the first chart an at-fault accident, less-than-perfect credit, and a blemish on her driving record. Due to the fact that every auto insurer has a proprietary formula to set policy rates, analyzing rate quotes most likely will result in a slightly different list of the cheapest car insurance companies in Houston as shown below.
Mercury now has the best auto insurance rate in Houston, TX with State Farm, USAA, Nationwide, and Safe Auto also having competitive pricing. This shows why it is critical to perform a complete rate comparison to get the most affordable insurance rates for a Chevy Silverado.
Prices are influenced by many risk factors and can increase or decrease at any time, so the cheapest option the last time you compared rates may now be one of the higher cost companies.
Ideas for finding the cheapest car insurance for a Chevy Silverado
The list below summarizes some of the recommended penny-pinching ideas that can help drivers buy cheaper coverage.
- Higher credit scores can equal lower rates
- On older vehicles, drop full coverage
- Avoid accidents and claims
- Raise physical damage deductibles
- Buy safe vehicles
- Maintain a clean driving record
- Compare rates and switch if you can find a better deal
That last idea is very important, as was discussed in this write-up. Coverage rates in Houston vary greatly, so you should be ready to switch to a new company if you can save money. Many drivers prefer to stick with one company, but it’s not a great idea if that loyalty ends up costing money that could be going to better use. If you have a few minutes, now is a great time to compare rates and find cheaper car insurance for a Chevy Silverado.
If you aren’t sure which coverage you need and prefer to get some professional input when shopping for cheaper insurance for a Silverado pickup, the insurance agencies listed below can provide answers to your questions and help you determine which car insurance company is the best fit.
To find an agent in your neighborhood, click the link at the bottom or click here to get price quotes now.
Deborah A. Olson Insurance Agency, Inc.
10592 Fuqua St – Houston, TX 77089 – (281) 481-1903
Texas Prime Insurance Agency, LLC
6750 West Loop S #430 – Bellaire, TX 77401 – (713) 750-9000
Town and Country Insurance Agency – Houston, TX
10575 Katy Fwy # 150 – Houston, TX 77024 – (713) 461-8979
TDECU INSURANCE AGENCY, LLC
1235 N Loop W Fwy #1100 – Houston, TX 77008 – (979) 238-8283
State Farm: Ken Quach
6489 Wilcrest Dr – Houston, TX 77072 – (281) 498-1010