Buying economical car insurance for a Chevy Silverado in Ohio is fairly simple, but it relies on a lot of rating factors such as whether you are male or female, the condition of your credit, and the deductible amount you use. Drivers pay around $537 annually for Silverado insurance, but that is a projection calculated using a 50-year-old married female driver with full physical damage coverage and $1,000 deductibles.
There’s a good chance you’re not a 50-year-old female, maybe you are single instead of married, and maybe you have sub-par credit that needs to be factored in. This illustrates why the best way to find affordable rates for your Chevrolet is to compare rates from as many companies as possible.
Find Cheaper Chevrolet Silverado Insurance
The trim level of your Silverado tends to have a direct impact on the insurance rate, so the cost to insure a Silverado LS Regular Cab 2WD model will be $78 cheaper than the insurance cost for the higher-priced 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 | $72 | $126 | $242 | $14 | $72 | $526 | $44 |
| Silverado LS Regular Cab 4WD | $72 | $126 | $214 | $12 | $64 | $488 | $41 |
| Silverado LT Regular Cab 2WD | $84 | $154 | $242 | $14 | $72 | $566 | $47 |
| Silverado LT Regular Cab | $84 | $154 | $242 | $14 | $72 | $566 | $47 |
| Silverado LS Extended Cab 4WD | $84 | $154 | $214 | $12 | $64 | $528 | $44 |
| Silverado LT Extended Cab 4WD | $84 | $154 | $214 | $12 | $64 | $528 | $44 |
| Silverado LT Extended Cab 2WD | $84 | $154 | $242 | $14 | $72 | $566 | $47 |
| Silverado LS Extended Cab 2WD | $84 | $154 | $242 | $14 | $72 | $566 | $47 |
| Silverado LT Crew Cab 4WD | $94 | $182 | $214 | $12 | $64 | $566 | $47 |
| Silverado LS Crew Cab 2WD | $94 | $182 | $242 | $14 | $72 | $604 | $50 |
| Silverado LS Crew Cab 4WD | $94 | $182 | $214 | $12 | $64 | $566 | $47 |
| Silverado LT Crew Cab 2WD | $94 | $182 | $242 | $14 | $72 | $604 | $50 |
| Silverado LTZ Extended Cab 2WD | $94 | $182 | $242 | $14 | $72 | $604 | $50 |
| Silverado LTZ Extended Cab 4WD | $94 | $182 | $214 | $12 | $64 | $566 | $47 |
| Silverado LTZ Crew Cab 2WD | $94 | $182 | $242 | $14 | $72 | $604 | $50 |
| Silverado LTZ Crew Cab 4WD | $94 | $182 | $214 | $12 | $64 | $566 | $47 |
| Silverado Crew Cab Hybrid 2WD | $94 | $210 | $214 | $12 | $64 | $594 | $50 |
| Silverado Crew Cab Hybrid 4WD | $104 | $210 | $214 | $12 | $64 | $604 | $50 |
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Premium data assumes married female driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Ohio minimum liability limits. Discounts applied include claim-free, homeowner, multi-policy, safe-driver, and multi-vehicle. Rates do not factor in zip code location which can impact price quotes substantially.
Determining which company quotes the cheapest car insurance rates for a Chevy Silverado will involve a tad more effort than just quoting one company’s rates. Each company uses their own method for filing rates in each state, so we need to take a look at the car insurance companies with the overall cheapest rates in Columbus.
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| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Utica National | $628 |
| 2 | Erie | $667 |
| 3 | Allied | $697 |
| 4 | Frankenmuth | $708 |
| 5 | Travelers | $712 |
| 6 | USAA | $733 |
| 7 | Merchants Insurance Group | $771 |
| 8 | Cincinnati Insurance | $772 |
| 9 | Motorists Mutual | $792 |
| 10 | Grange Mutual | $828 |
| 11 | General Casualty | $829 |
| 12 | Central Mutual | $848 |
| 13 | State Farm | $867 |
| 14 | Hastings Mutual | $884 |
| 15 | Atlantic States | $931 |
| 16 | Westfield | $946 |
| 17 | Auto-Owners | $958 |
| 18 | Western Reserve | $970 |
| 19 | Progressive | $991 |
| 20 | Farmers | $995 |
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Utica National generally has some of the most affordable car insurance rates in Columbus at around $628 annually. This is $412 less than the average rate paid by Ohio drivers of $1,040. Erie, Allied, Frankenmuth, and Travelers also qualify as some of the most economical Columbus, OH car insurance companies.
As shown in the table above, if you are insured with Allied and switched to Utica National, you could earn an annual premium reduction of in the vicinity of $69. Customers with Frankenmuth might save as much as $80 a year, and Travelers policyholders might reduce prices by as much as $84 a year.
Understand that those prices are averaged across all types of insureds and vehicles and do not take into consideration a vehicle location for a Chevy Silverado. So the car insurance company that can offer you the lowest price may not even be in the top 33 companies shown above. That illustrates why you need to quote rates from many companies using your own individual information.
Safe drivers pay less for car insurance
The best way to maintain the best car insurance rates in Columbus for a Silverado pickup is to drive attentively and maintain a clean driving record. The chart below illustrates how violations and fender-benders influence auto insurance costs for different age groups. The data assumes a married female driver, comprehensive and collision coverage, $1,000 deductibles, and no additional discounts are factored in.
The chart shows that the average cost of car insurance in Columbus per year with no violations or accidents is $932. Factor in two speeding tickets and the average cost hikes up to $1,318, an increase of $386 each year. Then include two accidents along with the two speeding tickets and the 12-month cost of car insurance for a Chevy Silverado increases to an average of $2,866. That’s an increase of $1,934, or $161 per month, just for not paying attention while driving!
Get discount Columbus car insurance rates
Car insurance companies that sell policies for a Chevy Silverado may also give you special discounts that can lower rates by 25% or more if you meet certain criteria. Popular car insurance companies and some of the discounts are shown below.
- Travelers has savings for payment discounts, early quote, continuous insurance, hybrid/electric vehicle, home ownership, and driver training.
- 21st Century offers premium reductions for air bags, 55 and older, anti-lock brakes, driver training, teen driver, early bird, and defensive driver.
- State Farm may offer discounts for passive restraint, student away at school, good student, Drive Safe & Save, and good driver.
- GEICO offers discounts including membership and employees, anti-theft, driver training, daytime running lights, emergency military deployment, anti-lock brakes, and good student.
- SAFECO policyholders can earn discounts including drive less, bundle discounts, teen safe driver, safe driver, accident prevention training, anti-lock brakes, and homeowner.
- AAA has discounts for anti-theft, good driver, multi-car, education and occupation, pay-in-full, multi-policy, and good student.
The chart below shows the difference between insurance costs with and without discounts applied to the premium. The data is based on a female driver, no accidents or driving violations, Ohio state minimum liability limits, comp and collision included, and $100 deductibles. The first bar for each age group shows the price with no discounts. The second shows the rates with accident-free, multiple vehicle, vehicle safety, multiple policy, defensive driving course, and passive restraint discounts applied. When these discounts are applied, theaverage amount saved on car insurance for a Chevy Silverado is 27% or $442.
The benefit of shopping around
Columbus car insurance rates are based on many factors that may substantially change the price you have to pay for coverage. Simply getting older, marrying your spouse, or getting a speeding ticket can cause premium changes that can cause some rates to be cheaper in comparison to the competition.
Additionally, car insurance companies file new Ohio car insurance rates as often as every quarter to adjust for heavy claims or excess profits. A period of increased losses can result in additional premium costs, while less frequent claims can produce cheaper Silverado insurance rates.
For instance, the graph below shows which company has the cheapest car insurance in Columbus, OH for a 45-year-old male driver with no prior claims, no tickets, and solid credit. When comparing rates based on his personal profile, Utica National offers the cheapest car insurance rates in Columbus at $790 annually. This is $250 less than the average price paid by Ohio drivers of $1,040. Erie, Allied, Frankenmuth, and Travelers are also included in the cheapest Columbus, OH auto insurance companies.
In the next rate comparison, we’ll give the driver from the first rate comparison an accident claim, less-than-perfect credit, and a couple of points charged on his driving record. Due to the fact that each insurance company has a different formula to determine rates, analyzing rates may now present a completely different list of the cheapest companies as shown below.
Merchants Insurance Group now has the lowest price on auto insurance in Columbus with Cincinnati Insurance, Grange Mutual, General Casualty, and Motorists Mutual now being in the top five. This example demonstrates why it is important to shop around to get the most budget-friendly auto insurance rates for a Chevy Silverado.
Car insurance prices are made up of many factors and change substantially, so the cheapest company the last time you checked may now not even be in the top five.
Ideas for buying more affordable auto insurance for a Chevy Silverado
The list below summarizes some penny-pinching solutions that can help you locate more affordable coverage.
- The safer your car, the less it costs to insure
- Better credit rating means better rates
- Raise your physical damage coverage deductibles
- Violations like speeding or DUI increase rates
- Prevent rate increases by staying accident-free
- Shop around for lower rates once a year
That last piece of advice is remarkably valuable, as we emphasized in this write-up. Insurance rates adjust frequently, so don’t be tentative to switch to a new company if you can find a cheaper rate.
Staying with the same car insurance company is fine, but it’s not recommended if that inflexibility results in costing you a considerable chunk of change every month. If you have a few minutes, now is a great time to shop around and find cheaper auto insurance for a Chevy Silverado in Columbus.
If you aren’t sure which coverage to buy and prefer to get help from a professional when trying to find the best insurance rates for a Silverado pickup, the agents shown below can most likely help you make a decision which car insurance policy is best. To find an agent using an interactive map, click the button at the bottom or click here to get price quotes now.
- Gary Bepler – State Farm Insurance Agent
3246 Noe Bixby Rd – Columbus, OH 43232 – (614) 837-4379 - Russell A Popp – State Farm Insurance Agent
2844 Johnstown Rd – Columbus, OH 43219 – (614) 471-5557 - Guy P Williams Insurance Agency
1335 Dublin Rd #110d – Columbus, OH 43215 – (614) 488-1101 - Franchise Insurance Agency, Inc.
4930 Reed Rd Suite 100 – Columbus, OH 43220 – (614) 451-2232