How Much are Car Insurance Quotes for a Chevrolet Silverado in Memphis?

Finding cheap auto insurance for a Chevy Silverado is fairly easy, but it depends on many factors such as your gender, whether or not you garage your vehicle, and driving violations. Tennessee drivers pay on average $1,005 each year to insure their Silverado, but that price is an estimation using a 30-year-old married female driver with both comprehensive and collision coverage and $250 deductibles.

When estimating a car insurance rate like we just did, the issue is that you aren’t exactly 30 years old or even a female, maybe you are single instead of married, or maybe you prefer liability limits higher than required by Tennessee state law. Even a minor difference in policy rating criteria or coverages can result in a large change in how much coverage for a Chevy Silverado costs.

Having different needs demonstrates why the best method for finding cheap car insurance rates for your Chevrolet is to do the rate comparisons yourself.

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Vehicle trim level tends to impact the yearly cost, so the rate you will pay to insure a Silverado LS Regular Cab 2WD model will be $230 cheaper than the price to insure the higher-priced Silverado Crew Cab Hybrid 4WD model, as shown below.

Chevrolet Silverado Insurance Rates in Memphis, TN
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Silverado LS Regular Cab 2WD $188 $302 $332 $20 $100 $942 $79
Silverado LS Regular Cab 4WD $188 $302 $294 $18 $88 $890 $74
Silverado LT Regular Cab 2WD $216 $368 $332 $20 $100 $1,036 $86
Silverado LT Regular Cab $216 $368 $332 $20 $100 $1,036 $86
Silverado LS Extended Cab 4WD $216 $368 $294 $18 $88 $984 $82
Silverado LT Extended Cab 4WD $216 $368 $294 $18 $88 $984 $82
Silverado LT Extended Cab 2WD $216 $368 $332 $20 $100 $1,036 $86
Silverado LS Extended Cab 2WD $216 $368 $332 $20 $100 $1,036 $86
Silverado LT Crew Cab 4WD $244 $434 $294 $18 $88 $1,078 $90
Silverado LS Crew Cab 2WD $244 $434 $332 $20 $100 $1,130 $94
Silverado LS Crew Cab 4WD $244 $434 $294 $18 $88 $1,078 $90
Silverado LT Crew Cab 2WD $244 $434 $332 $20 $100 $1,130 $94
Silverado LTZ Extended Cab 2WD $244 $434 $332 $20 $100 $1,130 $94
Silverado LTZ Extended Cab 4WD $244 $434 $294 $18 $88 $1,078 $90
Silverado LTZ Crew Cab 2WD $244 $434 $332 $20 $100 $1,130 $94
Silverado LTZ Crew Cab 4WD $244 $434 $294 $18 $88 $1,078 $90
Silverado Crew Cab Hybrid 2WD $244 $500 $294 $18 $88 $1,144 $95
Silverado Crew Cab Hybrid 4WD $272 $500 $294 $18 $88 $1,172 $98
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Table data represents married female driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Tennessee minimum liability limits. Discounts applied include multi-vehicle, safe-driver, claim-free, homeowner, and multi-policy. Prices do not factor in the specific area where the vehicle is garaged which can change prices noticeably.

Selecting the best insurance provider can be rather challenging considering how many companies there are to choose from in Tennessee. The rank data shown below may help you pick which companies to look at purchasing a policy from. These rankings only include companies with a national presence, so companies with more of a regional focus are not included in the list.

Top Car Insurance Companies for a Chevrolet Silverado in Memphis, TN
Company Value Customer Service Claims Customer Satisfaction A.M Best Rating Overall Score
Travelers 93 98 99 88% A++ 95.1
USAA 83 99 100 91% A++ 94.1
AAA Insurance 91 95 92 90% A 93.3
Nationwide 85 95 97 89% A+ 92.4
Allstate 77 100 97 88% A+ 90.7
State Farm 80 94 96 88% A++ 90.6
The Hartford 88 93 91 87% A+ 90.4
Safeco Insurance 91 95 85 88% A 90.2
Progressive 88 94 83 88% A+ 90.1
American Family 91 86 95 83% A 89.7
Esurance 86 90 94 90% A+ 89.5
The General 86 93 89 84% A- 88.2
GEICO 79 89 95 87% A++ 87.8
Titan Insurance 86 82 92 86% A+ 86.5
21st Century 86 82 90 84% A 86.4
Liberty Mutual 79 87 95 78% A 85.3
Erie Insurance 87 84 85 85% A+ 85.3
Farmers Insurance 77 80 80 84% A 80.3
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Data Source: Best Car Insurance Companies

Get discount Memphis insurance

Cheaper Memphis, TN car insurance for a Silverado pickupAuto insurance companies that sell policies for a Chevy Silverado may also offer special discounts that could lower prices by 40% or more if you can meet the requirements. A list of companies and their possible discounts are outlined below.

The example below visualizes the comparison of premium costs with and without policy discounts. The prices are based on a female driver, a clean driving record, no at-fault accidents, Tennessee state minimum liability limits, comprehensive and collision coverage, and $500 deductibles. The first bar for each age group shows the average annual price with no discounts. The lower bar shows the rates with defensive driving course, homeowner, safe-driver, vehicle safety, anti-theft, and multiple policy discounts applied. When drivers qualify for the discounts, theamount saved on car insurance for a Chevy Silverado is 28% or $393.

Why it’s important to shop around

Memphis car insurance rates are based on many factors that will increase or decrease the cost of having a policy. Simply having a birthday, becoming a homeowner, or getting a DUI can produce rate changes resulting in some companies being cheaper in comparison to the competition.

And not only may your rating factors change, but car insurance companies change the rates they charge in Tennessee as often as every quarter to ensure their profitability. Higher than usual claims can result in additional price hikes, while profitable underwriting may cause lower-priced Silverado insurance rates.

To illustrate this point, the bar chart below shows the company with the cheapest car insurance in Memphis, TN for a 30-year-old female driver with no violations or accidents, and a good credit history. If we compare prices based on her personal profile, Utica National offers the most affordable car insurance rates in Memphis at $1,109 a year. This is $219 less than the average price paid by Tennessee drivers of $1,328. Auto-Owners, Cincinnati Insurance, Penn National, and Tennessee Farmers also make the list of the cheapest Memphis, TN auto insurance companies.

In the next rate comparison, we’ll give the driver from the above example a chargeable claim, slightly worse credit, and a couple of points charged on her driving record. Since each auto insurer has a proprietary method for filing rates in each state, comparing insurance quotes could now result in a different set of affordable companies as shown below.

Erie now has the best price in Memphis, TN with Nationwide, Allied, Westfield, and Auto-Owners completing the list. This example demonstrates why consumers need to take the time to compare lots of rates when trying to find affordable insurance rates for a Chevy Silverado. Car insurance prices consist of many things and can increase or decrease at any time, so the most economical company three years ago may now not even be in the top five.

If you like to have a consultation when shopping for cheaper insurance for a Chevy Silverado, the agents shown below are a good start to help you decide which insurance coverage you need.

To locate a Memphis insurance agent close to where you live, click the button at the bottom of the list.

Dan Crawford – State Farm Insurance Agent
5705 Stage Rd #160Memphis, TN 38134(901) 372-4400

Farmers Insurance: Calvit Ratcliffe
5865 Ridgeway Center Pkwy #300Memphis, TN 38120(901) 761-6083

Oseman Insurance Agency
6750 Poplar Ave #410Memphis, TN 38138(901) 562-0151

Fred L. Davis Insurance Agency – Car Insurance Agency
1374 Airways BlvdMemphis, TN 38114(901) 323-6159

View more Memphis, TN insurance agencies

How to find low-cost insurance for a Chevy Silverado

It’s not impossible to find cheaper rates, and here are many money-saving suggestions that can help Memphis drivers find lower-cost auto insurance.

That final tip is highly crucial, as was emphasized in this piece. Rates in Memphis change constantly, so don’t be unwilling to switch to a new company if you find a better deal. Having brand loyalty is commendable, but is isn’t recommended if that loyalty ends up costing a fortune every year. In less than five minutes you could shop around and find cheaper auto insurance for a Chevy Silverado.