Buying affordable car insurance for a Chevy Silverado hinges on an enormous amount of rating factors such as the safety rating of your vehicle, whether you are claim-free, and if you have tickets or violations. Alaska drivers pay on average $847 annually to insure their Silverado, but that is an approximation based on a 40-year-old single male driver with full coverage and $1,000 deductibles.
Most likely you are not 40 years old and maybe not even male, maybe you are married instead of single, or maybe your Silverado is old enough that it doesn’t require full coverage. Just a slight change in rating criteria can make a large difference in the cost of a policy.
Insurance is an individual thing, so the best method for finding cheap car insurance rates for your Chevrolet is to compare as many rates as you can. Get a free quote now and you can get prices from some of the best insurers in Alaska.
Your vehicle’s trim level will influence the annual cost of coverage, so the cost to insure a Silverado LS Regular Cab 2WD will be $130 lower than the cost to insure the more expensive 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 | $110 | $210 | $372 | $22 | $112 | $826 | $69 |
| Silverado LS Regular Cab 4WD | $110 | $210 | $330 | $20 | $98 | $768 | $64 |
| Silverado LT Regular Cab 2WD | $128 | $256 | $372 | $22 | $112 | $890 | $74 |
| Silverado LT Regular Cab | $128 | $256 | $372 | $22 | $112 | $890 | $74 |
| Silverado LS Extended Cab 4WD | $128 | $256 | $330 | $20 | $98 | $832 | $69 |
| Silverado LT Extended Cab 4WD | $128 | $256 | $330 | $20 | $98 | $832 | $69 |
| Silverado LT Extended Cab 2WD | $128 | $256 | $372 | $22 | $112 | $890 | $74 |
| Silverado LS Extended Cab 2WD | $128 | $256 | $372 | $22 | $112 | $890 | $74 |
| Silverado LT Crew Cab 4WD | $144 | $302 | $330 | $20 | $98 | $894 | $75 |
| Silverado LS Crew Cab 2WD | $144 | $302 | $372 | $22 | $112 | $952 | $79 |
| Silverado LS Crew Cab 4WD | $144 | $302 | $330 | $20 | $98 | $894 | $75 |
| Silverado LT Crew Cab 2WD | $144 | $302 | $372 | $22 | $112 | $952 | $79 |
| Silverado LTZ Extended Cab 2WD | $144 | $302 | $372 | $22 | $112 | $952 | $79 |
| Silverado LTZ Extended Cab 4WD | $144 | $302 | $330 | $20 | $98 | $894 | $75 |
| Silverado LTZ Crew Cab 2WD | $144 | $302 | $372 | $22 | $112 | $952 | $79 |
| Silverado LTZ Crew Cab 4WD | $144 | $302 | $330 | $20 | $98 | $894 | $75 |
| Silverado Crew Cab Hybrid 2WD | $144 | $348 | $330 | $20 | $98 | $940 | $78 |
| Silverado Crew Cab Hybrid 4WD | $160 | $348 | $330 | $20 | $98 | $956 | $80 |
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Premium data assumes single male driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Alaska minimum liability limits. Discounts applied include safe-driver, homeowner, multi-policy, claim-free, and multi-vehicle. Prices do not factor in vehicle garaging location which can alter insurance rates substantially.
Buying coverage from a high-quality insurance provider can be challenging considering how many choices drivers have in Alaska. The rank data displayed below may help you analyze which auto insurance companies to look at when shopping your coverage around.
These ratings are only made up of large insurance companies, so companies that only write business in Alaska or surrounding areas are not taken into consideration for these rankings. To check prices and find cheaper insurance for a Chevy Silverado, simply click here.
| Company | Value | Customer Service | Claims | Customer Satisfaction | A.M Best Rating | Overall Score |
|---|---|---|---|---|---|---|
| USAA | 98 | 100 | 100 | 94% | A++ | 98.6 |
| American Family | 98 | 89 | 100 | 86% | A | 95.4 |
| State Farm | 88 | 93 | 96 | 90% | A++ | 92.4 |
| The Hartford | 94 | 92 | 90 | 89% | A+ | 91.7 |
| AAA Insurance | 88 | 89 | 95 | 91% | A | 91.2 |
| GEICO | 84 | 93 | 93 | 89% | A++ | 90.3 |
| The General | 89 | 91 | 89 | 88% | A- | 90 |
| Progressive | 84 | 91 | 93 | 87% | A+ | 89.5 |
| Allstate | 85 | 90 | 92 | 88% | A+ | 89.3 |
| Liberty Mutual | 84 | 87 | 93 | 88% | A | 88.5 |
| 21st Century | 85 | 86 | 87 | 88% | A | 86.7 |
| Esurance | 85 | 80 | 95 | 87% | A+ | 85.9 |
| Safeco | 85 | 85 | 85 | 86% | A | 85.8 |
| Farmers Insurance | 78 | 87 | 88 | 79% | A | 84.3 |
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Data Source: Insure.com Best Car Insurance Companies
Impact of careless driving on Anchorage car insurance rates
The obvious way to snag affordable car insurance prices in Anchorage for a Silverado pickup is to drive cautiously and maintain a clean driving record. The diagram below demonstrates how citations and at-fault collisions raise insurance rates for each different age group. The costs are based on a married female driver, full physical damage coverage, $250 deductibles, and no discounts are applied to the premium.
The data above shows the average cost of auto insurance in Anchorage per year with no accidents or violations is $1,513. Receive one speeding ticket and the average cost rises to $1,760, an increase of $246 each year. Then include one accident along with the one speeding ticket and the annual cost of car insurance for a Chevy Silverado increases to an average of $2,468. That’s an increase of $954, or $80 per month, just for not driving safely!
Types of discounts on Anchorage auto insurance rates
Auto insurance companies that offer cheap quotes for a Chevy Silverado may have premium discounts that can reduce rates by as much as 35% or more if you meet certain criteria. A list of companies and a selection of discounts include:
- State Farm includes discounts for good student, anti-theft, safe vehicle, Steer Clear safe driver discount, good driver, and multiple policy.
- GEICO offers premium reductions for seat belt use, driver training, emergency military deployment, anti-lock brakes, and military active duty.
- Progressive may offer discounts for multi-vehicle, good student, continuous coverage, multi-policy, homeowner, and online signing.
- 21st Century has discounts for theft prevention, defensive driver, homeowners, automatic seat belts, and early bird.
- American Family has savings for multi-vehicle, mySafetyValet, defensive driver, TimeAway discount, and early bird.
- The Hartford may have discounts that include air bag, defensive driver, vehicle fuel type, good student, anti-theft, driver training, and bundle.
- AAA policyholders can earn discounts including pay-in-full, anti-theft, AAA membership discount, education and occupation, good student, multi-policy, and multi-car.
The information below compares yearly insurance costs with and without discounts applied to the policy premium. The rates are based on a male driver, no accidents or driving violations, Alaska state minimum liability limits, comprehensive and collision coverage, and $250 deductibles.
The first bar for each age group shows the average rate with no discounts. The second bar shows the rates with marriage, defensive driving course, multiple vehicle, accident-free, passive restraint, and multiple policy discounts applied. With discounts applied, theaverage yearly reduction on car insurance for a Chevy Silverado is 28% or $510.
How to find economical auto insurance for a Chevy Silverado
The list below shows some of the better thrifty suggestions that can help Anchorage drivers locate cheap coverage.
- Don’t waste money on full coverage for older vehicles
- Increase physical damage deductibles
- Be a cautious driver
- Prevent price hikes by avoiding at-fault accidents
- Do not file small claims
- Shop around for cheaper prices
The last idea is notably significant, as we emphasized in this piece. Auto insurance rates vary considerably, so drivers shouldn’t be resistant to change to a new company if a cheaper price is available.
Many drivers tend to have loyalty to a certain company, but it’s not a good idea if that dedication is costing a considerable chunk of change every month. It only take a few minutes to shop around and find cheaper auto insurance for a Chevy Silverado in Anchorage.