Finding competitive coverage for a Chevy Silverado in Nebraska is dependent upon a lot of rating factors such as whether you use your Silverado for business use, if you have a tendency to file claims, and any prior driving offenses. Drivers in Nebraska pay on average $812 per year for Silverado insurance, but that is a projection based upon a 30-year-old married male driver with full coverage and $1,000 deductibles.
The issue with using an average estimated rate is the likelihood you aren’t exactly 30 years old or even a male, single instead of married, or maybe you prefer to not insure for full coverage. Auto insurance is not the same for everyone, so the best method for finding cheap car insurance rates for your Chevrolet is to do a thorough rate comparison. Quotes only take a couple of minutes and you will receive rate quotes from some of the best companies that insure Chevrolet vehicles in Nebraska.
The specific trim level tends to impact the yearly cost, so the rate you pay to insure a Silverado LS Regular Cab 2WD model will cost $136 less than the price to insure the more expensive 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||$124||$202||$338||$20||$102||$786||$66|
|Silverado LS Regular Cab 4WD||$124||$202||$300||$18||$90||$734||$61|
|Silverado LT Regular Cab 2WD||$144||$246||$338||$20||$102||$850||$71|
|Silverado LT Regular Cab||$144||$246||$338||$20||$102||$850||$71|
|Silverado LS Extended Cab 4WD||$144||$246||$300||$18||$90||$798||$67|
|Silverado LT Extended Cab 4WD||$144||$246||$300||$18||$90||$798||$67|
|Silverado LT Extended Cab 2WD||$144||$246||$338||$20||$102||$850||$71|
|Silverado LS Extended Cab 2WD||$144||$246||$338||$20||$102||$850||$71|
|Silverado LT Crew Cab 4WD||$162||$290||$300||$18||$90||$860||$72|
|Silverado LS Crew Cab 2WD||$162||$290||$338||$20||$102||$912||$76|
|Silverado LS Crew Cab 4WD||$162||$290||$300||$18||$90||$860||$72|
|Silverado LT Crew Cab 2WD||$162||$290||$338||$20||$102||$912||$76|
|Silverado LTZ Extended Cab 2WD||$162||$290||$338||$20||$102||$912||$76|
|Silverado LTZ Extended Cab 4WD||$162||$290||$300||$18||$90||$860||$72|
|Silverado LTZ Crew Cab 2WD||$162||$290||$338||$20||$102||$912||$76|
|Silverado LTZ Crew Cab 4WD||$162||$290||$300||$18||$90||$860||$72|
|Silverado Crew Cab Hybrid 2WD||$162||$334||$300||$18||$90||$904||$75|
|Silverado Crew Cab Hybrid 4WD||$180||$334||$300||$18||$90||$922||$77|
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Data based on married male driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Nebraska minimum liability limits. Discounts applied include multi-policy, multi-vehicle, claim-free, safe-driver, and homeowner. Prices do not factor in specific Lincoln garaging location which can impact premium rates significantly.
Deciphering which insurers offer the best auto insurance rates for a Chevy Silverado involves a little more effort in order to find the best policy. Each insurance company has a different formula to determine rates, so let’s rank the auto insurance companies that tend to be cheaper in Lincoln, NE.
It’s important that readers know that Lincoln, NE auto insurance rates are impacted by many factors which can substantially change the cost of having a policy. Getting older, buying a home instead of renting, or getting a couple of tickets can trigger rate changes that can now make some companies more affordable than competitors.
Best Cheap Insurance Rates for Your Silverado Truck
Safeco quotes some of the best car insurance rates in Lincoln at around $780 each year. This is $536 less than the average policy premium paid by Nebraska drivers of $1,316. The Hartford, Auto-Owners, Allied, and Farmers Mutual of Nebraska also are some of the cheapest Lincoln, NE car insurance companies.
As shown in the rates above, if you currently have coverage with Allied and switched to The Hartford, you might see a yearly savings of approximately $110. Drivers with Farmers Mutual of Nebraska may save as much as $150 a year, and Nationwide insureds might reduce rates by $168 a year.
To compare your rates to other Nebraska insurance companies, click here to begin a quote or visit any of the low-priced companies below.
Bear in mind that those prices are averages across all ages of drivers and types of vehicles and do not take into consideration an exact zip code location for a Chevy Silverado. So the auto insurance company that fits your age and vehicle best may not even be in the top 24 companies in the list above. That point stresses why you need to compare rates from multiple companies using your own individual information.
The information below demonstrates how deductible levels can raise or lower premium costs when trying to find cheap insurance for a Chevy Silverado. The prices are based on a single male driver, full physical damage coverage, and no additional discounts are factored in.
A 40-year-old driver could lower rates by $296 a year by switching the physical damage coverage from a $100 deductible to a $500 deductible, or save $446 by using a $1,000 deductible. Young drivers, like the age 20 example, could drop their prices as much as $972 or even more by choosing a larger deductible amount. When increasing deductibles, it will be required to have additional funds squirreled away to be able to cover the extra out-of-pocket expense. This is the primary disadvantage of choosing high deductibles.
Why you should be shopping around
Lincoln auto insurance rates are determined by lots of factors that can increase the cost of a policy. Simply getting older, buying a home, or getting a couple of tickets can trigger changes in premium that can make some companies cheaper than others.
Additionally, insurance companies change rates as needed in order to be able to pay unexpected claims. Larger than normal claims may cause additional price hikes, while profitable underwriting may result in cheaper Silverado insurance rates.
For example, the bar chart below shows the company with the cheapest car insurance in Lincoln, NE for a 30-year-old male driver with no violations or accidents, and great credit. If we compare prices based on his current situation, Safeco quotes the most affordable car insurance rates in Lincoln at $812 per year. This is $504 less than the average policy premium paid by Nebraska drivers of $1,316. The Hartford, Allied, Auto-Owners, and Farm Bureau Mutual round out the rest of the top five cheapest Lincoln, NE auto insurance companies.
Now we will pretend the driver from the first example an accident surcharge, a lower credit rating, and an imperfect driving record. Since each auto insurance company uses a different method for filing rates in each state, getting updated rate quotes could result in a substantially altered list of affordable Lincoln car insurance companies as shown below.
Nationwide now has the cheapest rate in Lincoln, NE with American National, State Farm, General Casualty, and USAA now rounding out the top five. This example demonstrates why it is so important to do a thorough rate comparison when trying to find the most affordable car insurance rates for a Chevy Silverado. Rates can be altered by many risk factors and change dramatically, so the most affordable company two years ago may now be one of the more expensive options.