Buying the best cheap auto insurance for a Chevy Silverado in Oklahoma is pretty easy to do, but it depends on many rating criteria such as whether you are male or female, your address, and driving violations and tickets. Drivers pay on average $1,965 per year to insure their Silverado, but that figure is an estimate based on a 30-year-old single female driver with full comprehensive and collision coverage and $250 deductibles.
There’s a high likelihood you aren’t exactly 30 years old or even a female, possibly married instead of single, and you want different coverage limits than the example. Car insurance coverage is unique to each driver, so this is why the best method for finding affordable rates for your Chevrolet is to compare as many rates as you can.
Vehicle trim level tends to impact the coverage cost, so the price to insure a Silverado LS Regular Cab 2WD model will cost $428 less than the cost to insure the higher-priced Silverado Crew Cab Hybrid 4WD version, as shown in the chart below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Silverado LS Regular Cab 2WD||$336||$590||$684||$40||$204||$1,854||$155|
|Silverado LS Regular Cab 4WD||$336||$590||$606||$36||$182||$1,750||$146|
|Silverado LT Regular Cab 2WD||$384||$718||$684||$40||$204||$2,030||$169|
|Silverado LT Regular Cab||$384||$718||$684||$40||$204||$2,030||$169|
|Silverado LS Extended Cab 4WD||$384||$718||$606||$36||$182||$1,926||$161|
|Silverado LT Extended Cab 4WD||$384||$718||$606||$36||$182||$1,926||$161|
|Silverado LT Extended Cab 2WD||$384||$718||$684||$40||$204||$2,030||$169|
|Silverado LS Extended Cab 2WD||$384||$718||$684||$40||$204||$2,030||$169|
|Silverado LT Crew Cab 4WD||$434||$846||$606||$36||$182||$2,104||$175|
|Silverado LS Crew Cab 2WD||$434||$846||$684||$40||$204||$2,208||$184|
|Silverado LS Crew Cab 4WD||$434||$846||$606||$36||$182||$2,104||$175|
|Silverado LT Crew Cab 2WD||$434||$846||$684||$40||$204||$2,208||$184|
|Silverado LTZ Extended Cab 2WD||$434||$846||$684||$40||$204||$2,208||$184|
|Silverado LTZ Extended Cab 4WD||$434||$846||$606||$36||$182||$2,104||$175|
|Silverado LTZ Crew Cab 2WD||$434||$846||$684||$40||$204||$2,208||$184|
|Silverado LTZ Crew Cab 4WD||$434||$846||$606||$36||$182||$2,104||$175|
|Silverado Crew Cab Hybrid 2WD||$434||$974||$606||$36||$182||$2,232||$186|
|Silverado Crew Cab Hybrid 4WD||$484||$974||$606||$36||$182||$2,282||$190|
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Data based on single female driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Oklahoma minimum liability limits. Discounts applied include multi-vehicle, multi-policy, homeowner, safe-driver, and claim-free. Premium amounts do not factor in vehicle garaging location which can affect coverage prices greatly.
Deciding which company has the best insurance rates for a Chevy Silverado will take more time than just comparing rates from one or two companies. Every car insurance company uses a different method to determine rates, so let’s examine the insurance companies that tend to have lower prices in Oklahoma.
Best Cheap Insurance Rates for Your Silverado Truck
|Rank||Company||Cost Per Year|
|1||Oklahoma Farmers Union||$1,166|
|11||OK Farm Bureau||$1,997|
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Oklahoma Farmers Union normally has some of the most affordable car insurance rates in Oklahoma City at around $1,166 per year. This is $801 less than the average policy premium paid by Oklahoma drivers of $1,967. USAA, The Hartford, GEICO, and Safe Auto would also be considered some of the more affordable Oklahoma City, OK insurance companies.
As illustrated above, if you currently have a policy with GEICO and switched to USAA, you could earn yearly savings of roughly $196. Policyholders with Safe Auto might save as much as $234 a year, and Farmers policyholders might reduce rates by $237 a year.
Bear in mind that those estimates are averages for all types of insureds and vehicles and are not factoring in a specific vehicle garaging location for a Chevy Silverado. So the company that fits your needs best may not even be in the top 17 companies in the list above. That underscores the importance of why you need to compare rates from multiple companies using your own driver information and specific vehicle type.
How violations and accidents impact rates
One of the best ways to get affordable insurance rates in Oklahoma for a Silverado pickup is to be a cautious driver and avoid at-fault accidents and violations. The diagram below demonstrates how speeding tickets and at-fault claims can impact car insurance costs for each different age group. The data is based on a single female driver, comp and collision included, $1,000 deductibles, and no additional discounts are factored in.
The data above shows the average cost of car insurance in Oklahoma per year with a clean driving record and no accidents is $2,278. Factor in two speeding tickets and the average cost swells to $3,031, an increase of $754 each year. Now throw in two accidents along with the two speeding tickets and the yearly cost of insurance for a Chevy Silverado increases to an average of $6,270. That’s an increase of $3,992, or $333 per month, just for not being attentive to the road!
Why are you paying too much for Silverado insurance?
Oklahoma City, OK insurance rates are based on many factors which can significantly increase or decrease your annual premium. Turning one year older, moving to a different location, or having a fender bender can trigger price changes resulting in some companies being more affordable than competitors. Not only may your situation change, but insurance companies file new rates without warning to reflect underwriting profits or losses. Significantly higher losses can result in more expensive premiums, while profitable underwriting can cause lower-cost Silverado insurance rates.
The data below shows a variety of companies that have the cheapest car insurance in Oklahoma City, OK for a 30-year-old male driver with no accidents, a clean driving record, and good credit. When comparing rates based on his current situation, USAA offers the lowest car insurance rates in Oklahoma City at $1,376 a year. This is $591 less than the average price paid by Oklahoma drivers of $1,967. Oklahoma Farmers Union, The Hartford, GEICO, and Safe Auto are the remainder of the best Oklahoma City, OK auto insurance companies.
In this example, we will give the driver from the first example a couple of claims, a lower credit rating, and a speeding ticket. Since every insurance provider has a different process to establish rates, comparing prices may now result in a completely different list of affordable Oklahoma City car insurance companies as shown below.
State Farm now has the lowest car insurance rate in Oklahoma City, OK with Oklahoma Farmers Union, The Hartford, Liberty Mutual, and Travelers also having competitive pricing. This example proves why Oklahoma City drivers need to compare lots of rates when trying to find the most economical auto insurance quotes for a Chevy Silverado.
Rates are influenced by many different factors and change dramatically, so the most economical company the last time you checked may now be one of the more expensive options.
If you wish to get some guidance when comparing insurance rates for a Chevy Silverado, the agencies below can most likely help you determine which auto insurance coverages would be the best in your situation.
To find an Oklahoma City insurance agent by location nearest to you, click the button link following the list or click here to compare rates now.
Professional Insurors Agency, LLC
7301 Broadway Ext – Oklahoma City, OK 73116 – (405) 843-9191
Insurance Center Agency Inc
Union Plaza, 5600 N May Ave #300 – Oklahoma City, OK 73112 – (405) 843-0793
Mike Earles – State Farm Insurance Agent
12220 S Western Ave – Oklahoma City, OK 73170 – (405) 691-1115
Ideas for finding budget-friendly insurance for a Chevy Silverado
The list below shows some of the recommended thrifty ideas that can help Oklahoma drivers find cheap car insurance.
- Increase deductibles to save money
- Be a safe driver
- Remain accident-free and save
- Drop full coverage on older vehicles
- Buy vehicles with good safety ratings
- Better credit scores save money
- Compare price quotes at least once a year
That last piece of advice is particularly necessary, as we pointed out in the prior article. Prices charged by auto insurers in Oklahoma City adjust frequently, so don’t be unwilling to buy a different policy if a lower-cost policy is available. Staying with the same company for years is fine, but it’s not a great idea if that inflexibility results in costing you major coinage every year. Take a couple minutes and compare prices to find cheaper insurance for a Chevy Silverado.