How much is auto insurance for a Chevrolet Silverado?
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UPDATED: Jul 9, 2019
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The Chevrolet Silverado is a classic American truck with an impressive list of automotive awards. It was Motor Trend’s “Truck of the Year” in 1999, 2001, 2007, and 2011, and it held Car and Driver’s “Best Pickup Truck” title from 2001-2003.
In 2007, it garnered the prestigious “North American Truck of the Year” award. U.S. News and World Report ranked the Chevy Silverado #4 out of the eight full-sized pickup trucks that it reviewed for 2011.
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Chevrolet Silverado Auto Insurance Premiums
Chevrolet Silverado drivers will be pleased to learn that auto insurance rates for this full-sized pickup truck are lower than they are for most other comparable vehicles.
Edmunds’ research suggests that auto insurance rates for the 2011 Silverado will be around $127 per month, or just over $1,500 per year. By comparison, the Toyota Tundra is very costly to insure, with average rates estimated at approximately $167 per month.
This may not seem like a huge difference, but a driver with a Toyota Tundra would pay an additional $2,400 in car insurance premiums over five years based on these rate estimates.
Dodge Ram owners will pay just a few dollars less per month than Tundra owners, while rates for the Sierra are just a few dollars more per month than those for the Silverado. According to Edmunds’ estimates, auto insurance rates for the Ford F-150 fall in the middle, at about $155 monthly.
Chevrolet Silverado Maintenance and Repairs
Like the Dodge Ram and the GMC Sierra, the Chevrolet Silverado is covered by a three year or 36,000 mile limited warranty. The vehicle’s powertrain is guaranteed for five years or 100,000 miles.
Nonetheless, Edmunds expects that 2011 Silverado owners will incur some repair costs during the first five years they own the truck. Expected repair bills for the Silverado are just shy of $850 over five years, and scheduled maintenance for the truck is expected to cost over $4,000.
Both repair costs and scheduled maintenance rates for the GMC Sierra are comparable to those of the Silverado. The 2011 Dodge Ram will also cost about the same amount to repair, but at $3,619, Edmunds anticipates that its 5-year scheduled maintenance costs will be significantly lower.
The Toyota Tundra has one of the lowest 5-year repair cost estimates of any full size pickup truck, at about $750, and its approximately $3,900 5-year maintenance bill is also on the low end.
Edmunds expects that scheduled maintenance fees for the F-150 will exceed $4,000, and the truck’s repair bill will be around $1,500.
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Fuel Expenses for the Chevy Silverado
Among all gasoline-powered full-sized pickups, the 2011 Silverado ranks 3rd in terms of fuel economy. Its EPA rating of 20 miles per gallon on the highway and 15 miles per gallon in the city makes it more fuel efficient than the GMC Sierra or the Nissan Titan, but less so than the Toyota Tundra or the Ford F-150.
Chevrolet does manufacture a hybrid version of the Silverado that gets 20 mpg in city driving and 23 mpg on the highway.
According to Edmunds’ estimates, the 2011 Chevrolet Silverado is a good value when it comes to the cost of auto insurance but its fuel, repair and maintenance costs do not distinguish it from its competitors.
One area in which the Silverado does distinguish itself is with its sticker price.
Along with the GMC Sierra, the Silverado starts at just $21,235, which is the lowest introductory MSRP of any full size pickup truck on the market. U.S. News even selected the 2011 Silverado as the “Best Full Size Truck for the Money.”
Safety Ratings for the Chevrolet Silverado
In the federal government’s crash testing, the 2011 Silverado earned an overall score of four stars out of a possible five. It earned five stars for its ability to protect occupants in side-impact collisions, and it won four stars for protecting its occupants in front-impact collisions and rollovers.
In the more rigorous testing performed by the Insurance Institute for Highway Safety (IIHS), the Silverado exhibited strong performance in front-impact crash tests and acceptable performance in rear-impact crash tests.
However, the IIHS rated its performance in side-impact crash tests “Poor.”
OnStar emergency crash response system and Stabilitrak vehicle stability control are standard on all Silverados for the 2011 model year.
Additional safety features that come standard on all Chevy Silverados include traction control, anti-lock brakes, and tire pressure monitoring.
Reviews of the Chevrolet Silverado
Reviewers approve of the Silverado’s wide array of configurations, from the regular-cab Work Truck to the Crew Cab LTZ trim with 4-wheel drive. Another entry in the 2011 Silverado’s “pro” column is its smooth ride, and reviewers like Consumer Guide also appreciate the truck’s eager acceleration.
However, if you want to soup up your truck with tech gadgets, the Ford F-150 will be more your speed. The Silverado has an optional navigation system but it can’t compete with the F-150’s business-oriented Work Solutions System.
U.S. News also notes that the base model Silverado won’t be a good fit for you if you’re looking for a truck with ample interior storage capacity.
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