Who Has Cheap Insurance Quotes for a Chevrolet Silverado in Florida?

Who Has Cheap Insurance Quotes for a Chevrolet Silverado in Florida?

Anytime the topic is car insurance, the words “affordable” or “cheap” should never appear as a descriptor for car insurance rates. Sad but true, cheap auto insurance for a Chevy Silverado is pretty hard to find. We’ll try to make it up to you, because we will teach you how you can still find and buy car insurance that is easier on your budget.

Buying the cheapest car insurance for a Chevy Silverado in Florida hinges on lots of different rating factors like whether you are a new or experienced driver, if you have a coverage lapse, and blemishes on your driving record. Drivers in Florida will pay around $1,650 per year to insure their Silverado, but that amount is a ballpark figure that rates a 50-year-old single male who requires comprehensive and collision coverage and $100 deductibles.

There is a really good chance that you are not 50 years old and maybe not even male, possibly married instead of single, or you just want cheap liability insurance instead of full coverage. Car insurance rates are unique for each driver, so the way we recommend to find cheap auto insurance rates for your Chevrolet is to shop around at every renewal for lower rates.

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The specific trim level will have an impact price, so the price you will be charged to insure a Silverado LS Regular Cab 2WD will be $396 cheaper than the cost to insure the higher-priced Silverado Crew Cab Hybrid 4WD trim level, as shown below.

Chevrolet Silverado Insurance Rates in Florida
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Silverado LS Regular Cab 2WD $268 $548 $532 $32 $160 $1,540 $128
Silverado LS Regular Cab 4WD $268 $548 $472 $28 $142 $1,458 $122
Silverado LT Regular Cab 2WD $308 $668 $532 $32 $160 $1,700 $142
Silverado LT Regular Cab $308 $668 $532 $32 $160 $1,700 $142
Silverado LS Extended Cab 4WD $308 $668 $472 $28 $142 $1,618 $135
Silverado LT Extended Cab 4WD $308 $668 $472 $28 $142 $1,618 $135
Silverado LT Extended Cab 2WD $308 $668 $532 $32 $160 $1,700 $142
Silverado LS Extended Cab 2WD $308 $668 $532 $32 $160 $1,700 $142
Silverado LT Crew Cab 4WD $348 $786 $472 $28 $142 $1,776 $148
Silverado LS Crew Cab 2WD $348 $786 $532 $32 $160 $1,858 $155
Silverado LS Crew Cab 4WD $348 $786 $472 $28 $142 $1,776 $148
Silverado LT Crew Cab 2WD $348 $786 $532 $32 $160 $1,858 $155
Silverado LTZ Extended Cab 2WD $348 $786 $532 $32 $160 $1,858 $155
Silverado LTZ Extended Cab 4WD $348 $786 $472 $28 $142 $1,776 $148
Silverado LTZ Crew Cab 2WD $348 $786 $532 $32 $160 $1,858 $155
Silverado LTZ Crew Cab 4WD $348 $786 $472 $28 $142 $1,776 $148
Silverado Crew Cab Hybrid 2WD $348 $906 $472 $28 $142 $1,896 $158
Silverado Crew Cab Hybrid 4WD $388 $906 $472 $28 $142 $1,936 $161
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Premium data assumes single male driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Florida minimum liability limits. Discounts applied include multi-policy, safe-driver, claim-free, multi-vehicle, and homeowner. Rate information does not factor in Florida location which can raise or lower premiums substantially.

Ratings for Florida car insurance companies

Buying coverage from the best car insurance provider is hard considering how many choices you have in Florida. The information shown below may help you analyze which providers to look at when shopping around. The rankings below include the largest companies in the United States, so companies that may only write in Florida are not factored into the list.

Top 10 Large Car Insurance Companies in Florida Ranked by A.M. Best Rating

  1. Travelers – A++
  2. USAA – A++
  3. GEICO – A++
  4. State Farm – A++
  5. Titan Insurance – A+
  6. Esurance – A+
  7. Progressive – A+
  8. The Hartford – A+
  9. Allstate – A+
  10. Nationwide – A+

Top 10 Large Car Insurance Companies in Florida Ranked by Customer Service

  1. USAA
  2. Travelers
  3. Mercury Insurance
  4. AAA Insurance
  5. Nationwide
  6. Safeco Insurance
  7. Progressive
  8. State Farm
  9. The Hartford
  10. The General

Top Companies for Chevrolet Silverado Insurance in Florida

Full coverage rates compared to liability-only

Finding cheap insurance for a Chevy Silverado in Florida is probably important to most drivers, and one easy way to reduce the cost of insurance is to not buy comprehensive and collision coverage. The information below illustrates the difference between insurance prices with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The information is based on no violations or claims, $100 deductibles, drivers are not married, and no other discounts are factored in.

If we average the cost for ages 20 through 70, physical damage insurance costs an additional $2,560 per year more than just insuring for liability. A very common question is if you should buy full coverage at all. There is no definitive formula of when to phase out physical damage coverage, but there is a guideline you can consider. If the yearly cost of comp and collision coverage is 10% or more of the settlement you would receive from your company, the it may be a good time to stop paying for full coverage.

For example, let’s pretend your vehicle’s book value is $3,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled in an accident, the most your company will settle for is $2,000 after the policy deductible has been paid. If you are paying over $200 annually for your policy with full coverage, then you might want to think about dropping full coverage.

There are some circumstances where dropping full coverage is not a good idea. If you still have a lienholder on your title, you have to keep full coverage as part of the loan conditions. Also, if you cannot afford to purchase a different vehicle in the event your current vehicle is totaled, you should not eliminate full coverage.

Poor driving habits will raise your car insurance rates

One of the best ways to obtain cheap insurance for a Chevy Silverado in Florida is to drive safely and avoid tickets and accidents. The example below demonstrates how citations and accident claims can affect insurance costs for different ages of insureds. The premiums are based on a single male driver, full coverage, $1,000 deductibles, and no discounts are taken into consideration.

The data above shows the average cost of an auto insurance policy in Florida per year with a clean driving record and no accidents is $2,073. Get written up for one speeding ticket and the average cost hikes up to $2,344, an increase of $271 each year. Then add one accident along with the one speeding ticket and the annual cost of car insurance for a Chevy Silverado jumps again to an average of $3,083. That’s an increase of $1,010, or $84 per month, just for not driving carefully!

Who has the cheapest Chevrolet Silverado insurance quotes?

There are a variety of different ways to buy car insurance in Florida, but the most prevalent methods are through an independent agent, an exlusive agent such as State Farm or Allstate, or direct either online or via phone.

All three ways are similar, but they differ slightly in how they provide price quotes.

Independent agencies work for many companies and can get rate quotes from all of them. Independent agents do not write with just one company and can give you a larger rate selection, which may provide you with the best shot at cutting your rates. If you want to switch companies, they simply move the coverage in-house and the insured can keep the same agent.

An exclusive ageny is able to quote prices with a single company, two popular examples being a Liberty Mutual or State Farm agent. These agents usually cannot quote rates from more than one company, so smart shoppers will want to get additional comparison quotes.

Direct car insurance buyers skip either of the other two types of agents and instead shop from a direct company like Geico. Buying direct can be good for families who do not have a lot of assets and know the limitations of their policy.

So comparing independent agents, exclusive agents, and direct, which one works best to find cheap insurance for a Chevy Silverado in Florida? One answer would be shopping direct yields the cheapest rates since that eliminates agent commissions, but in reality, that is not true. We’d also like to say using an independent agent results in the cheapest rates since they have more companies to choose from, but again, that’s not accurate. And sometimes, the exclusive agents have very competitive rates that are the cheapest in Florida.

Since car insurance prices are based on many different factors, the guaranteed way to ensure you are not overpaying is to do a thorough rate comparison. Make the effort to get rate quotes from all three to give yourself plenty of rates to compare. For a list of companies with cheap rates in Florida, click here to view.