Who Has the Cheapest Cincinnati Car Insurance Rates for a Chevrolet Silverado?

Finding affordable insurance for a Chevy Silverado doesn’t take a lot of effort, but it relies on a whole bunch of rating criteria such as how you use your vehicle, where your vehicle is garaged, and your driving record. Drivers will pay around $726 annually for Silverado insurance, but that amount is based on a 30-year-old single male driver with full comprehensive and collision coverage and $1,000 deductibles.

When making auto insurance estimates, the issue arises that you are not 30 and maybe not even a male, possibly married instead of single, or you just want cheap liability insurance instead of full coverage. Even a minor change in rating factors or requested coverage amount could result in a significant change in the cost of insuring your Silverado.

This illustrates why the only real way to find the cheapest coverage for your Chevrolet is to do a thorough rate comparison.

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The trim level of your Silverado will most likely have an effect on the insurance rate, so the price to insure a Silverado LS Regular Cab 2WD model will be $96 less than the price to insure the high end Silverado Crew Cab Hybrid 4WD trim level, as demonstrated by the prices below.

Chevrolet Silverado Insurance Rates in Cincinnati, OH
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Silverado LS Regular Cab 2WD $108 $152 $336 $20 $100 $716 $60
Silverado LS Regular Cab 4WD $108 $152 $298 $18 $88 $664 $55
Silverado LT Regular Cab 2WD $124 $186 $336 $20 $100 $766 $64
Silverado LT Regular Cab $124 $186 $336 $20 $100 $766 $64
Silverado LS Extended Cab 4WD $124 $186 $298 $18 $88 $714 $60
Silverado LT Extended Cab 4WD $124 $186 $298 $18 $88 $714 $60
Silverado LT Extended Cab 2WD $124 $186 $336 $20 $100 $766 $64
Silverado LS Extended Cab 2WD $124 $186 $336 $20 $100 $766 $64
Silverado LT Crew Cab 4WD $140 $220 $298 $18 $88 $764 $64
Silverado LS Crew Cab 2WD $140 $220 $336 $20 $100 $816 $68
Silverado LS Crew Cab 4WD $140 $220 $298 $18 $88 $764 $64
Silverado LT Crew Cab 2WD $140 $220 $336 $20 $100 $816 $68
Silverado LTZ Extended Cab 2WD $140 $220 $336 $20 $100 $816 $68
Silverado LTZ Extended Cab 4WD $140 $220 $298 $18 $88 $764 $64
Silverado LTZ Crew Cab 2WD $140 $220 $336 $20 $100 $816 $68
Silverado LTZ Crew Cab 4WD $140 $220 $298 $18 $88 $764 $64
Silverado Crew Cab Hybrid 2WD $140 $252 $298 $18 $88 $796 $66
Silverado Crew Cab Hybrid 4WD $156 $252 $298 $18 $88 $812 $68
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Data rating is based on single male driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Ohio minimum liability limits. Discounts applied include multi-vehicle, multi-policy, claim-free, safe-driver, and homeowner. Premium amounts do not factor in the specific area where the vehicle is garaged which can lower or raise rates substantially.

Finding the best insurance company can be difficult considering how many choices drivers have in Cincinnati. The rank data in the next section could help you analyze which companies you want to consider shopping prices with. The ratings below only include the companies with a significant amount of written premium nationwide, so smaller regional companies will not be included in the list.

Top 10 Major Auto Insurers in Cincinnati Ranked by Value

  1. USAA
  2. GEICO
  3. AAA Insurance
  4. Erie Insurance
  5. State Farm
  6. Liberty Mutual
  7. Safeco Insurance
  8. Allstate
  9. 21st Century
  10. Travelers

Top 10 Major Auto Insurers in Cincinnati Ranked by Customer Satisfaction

  1. USAA – 92%
  2. Erie Insurance – 88%
  3. American Family – 88%
  4. State Farm – 88%
  5. Nationwide – 88%
  6. 21st Century – 88%
  7. AAA Insurance – 87%
  8. Liberty Mutual – 87%
  9. Farmers Insurance – 87%
  10. The Hartford – 87%

Impact of violations and accidents on rates

The recommended way to receive the cheapest car insurance premiums for a Silverado pickup is to pay attention while driving and avoid accidents and violations. The information below shows how speeding tickets and at-fault accidents impact yearly insurance costs for each different age group. Data assumes a single female driver, full coverage, $250 deductibles, and no additional discounts are factored in.

The data in the chart shows the average cost of an auto insurance policy in Ohio per year with no violations or accidents is $1,314. Receive one speeding ticket and the average cost rises to $1,490, an increase of $176 each year. Now add in two accidents along with the one speeding ticket and the 12-month cost of car insurance for a Chevy Silverado jumps again to an average of $3,087. That’s an increase of $1,773, or $148 per month, just for not driving responsibly!

Cost comparison with and without full coverage

Saving money on car insurance is important to the majority of drivers, and one of the fastest ways to find cheap insurance for a Chevy Silverado is to only buy liability coverage. The example below illustrates the comparison of car insurance costs with full physical damage coverage and with liability coverage only. The data is based on no tickets, no at-fault accidents, $250 deductibles, single status, and no discounts are taken into consideration.

If we average the cost for all age groups, full coverage on your policy costs an additional $1,547 per year more than carrying just liability coverage. That proposes the question if buying full coverage is a waste of money. There is no exact formula to stop buying physical damage insurance, but there is a guideline you can consider. If the yearly cost of full coverage is more than about 10% of the settlement you would receive from your company, then you might want to think about dropping full coverage.

For example, let’s assume your vehicle’s replacement value is $4,000 and you have $1,000 full coverage deductibles. If your vehicle is destroyed, the most you would get paid by your company is $3,000 after paying the physical damage deductible. If premium cost is more than $300 annually for comprehensive and collision coverage, then it’s probably a good time to buy liability coverage only.

There are some circumstances where dropping physical damage coverage is not a good plan. If you haven’t paid off your loan, you are required to maintain full coverage as part of the loan conditions. Also, if you don’t have enough money to buy a different vehicle in the even your car is totaled, you should keep full coverage on your policy.

The chart below shows how different deductible levels can raise or lower insurance costs when quoting cheap insurance for a Chevy Silverado. Data assumes a single male driver, comprehensive and collision coverage, and no discounts are factored in.

As shown above, a 50-year-old driver could save $186 a year by changing from a $100 deductible up to a $500 deductible, or save $282 by selecting a $1,000 deductible. Young drivers, like the 20-year-old, can cut $612 or more by choosing larger deductibles on their policy. If you make the decision to raise deductibles, it’s a good idea to have enough spare savings to enable you to pay the extra out-of-pocket expense, which is the one disadvantage of using larger deductibles.