Who Has Cheap Auto Insurance for a Chevrolet Silverado in Lubbock?

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Buying affordable coverage for a Chevy Silverado is dependent upon lots of different rating factors such as the age of the Silverado, the likelihood of your vehicle being stolen, and any past driving violations you may have had. Drivers pay on average $1,377 each year for Silverado insurance, but that cost is an estimation calculated using a 50-year-old single male driver with full physical damage coverage and $250 deductibles.

But there is a good chance that you aren't exactly 50 years old or even a male, married instead of single, or maybe you rent instead of own your home. Just a slight change in rating criteria can make a big difference in rates.

Every driver's needs are different, and that is why the only real way to find cheap auto insurance rates for your Chevrolet is to do the rate comparisons yourself. Do a quick rate comparison now and you can get prices from some of the cheapest companies that sell coverage in Texas.

Compare Chevrolet Silverado Insurance Rates

The trim level of your vehicle will most likely have an effect on the annual cost of coverage, so the rate you will pay to insure a Silverado LS Regular Cab 2WD will be $296 cheaper than the cost to insure the more expensive Silverado Crew Cab Hybrid 4WD model, as shown in the prices below.

Chevrolet Silverado Insurance Rates in Lubbock, TX
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Silverado LS Regular Cab 2WD $220 $420 $486 $28 $146 $1,300 $108
Silverado LS Regular Cab 4WD $220 $420 $430 $26 $128 $1,224 $102
Silverado LT Regular Cab 2WD $254 $512 $486 $28 $146 $1,426 $119
Silverado LT Regular Cab $254 $512 $486 $28 $146 $1,426 $119
Silverado LS Extended Cab 4WD $254 $512 $430 $26 $128 $1,350 $113
Silverado LT Extended Cab 4WD $254 $512 $430 $26 $128 $1,350 $113
Silverado LT Extended Cab 2WD $254 $512 $486 $28 $146 $1,426 $119
Silverado LS Extended Cab 2WD $254 $512 $486 $28 $146 $1,426 $119
Silverado LT Crew Cab 4WD $286 $602 $430 $26 $128 $1,472 $123
Silverado LS Crew Cab 2WD $286 $602 $486 $28 $146 $1,548 $129
Silverado LS Crew Cab 4WD $286 $602 $430 $26 $128 $1,472 $123
Silverado LT Crew Cab 2WD $286 $602 $486 $28 $146 $1,548 $129
Silverado LTZ Extended Cab 2WD $286 $602 $486 $28 $146 $1,548 $129
Silverado LTZ Extended Cab 4WD $286 $602 $430 $26 $128 $1,472 $123
Silverado LTZ Crew Cab 2WD $286 $602 $486 $28 $146 $1,548 $129
Silverado LTZ Crew Cab 4WD $286 $602 $430 $26 $128 $1,472 $123
Silverado Crew Cab Hybrid 2WD $286 $694 $430 $26 $128 $1,564 $130
Silverado Crew Cab Hybrid 4WD $318 $694 $430 $26 $128 $1,596 $133
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Prices based on single male driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Texas minimum liability limits. Discounts applied include multi-policy, homeowner, multi-vehicle, safe-driver, and claim-free. Information does not factor in specific garaging location which can increase or decrease auto insurance rates noticeably.

Finding good, affordable insurance is not most people's favorite thing to do, and determining which companies offer the most affordable insurance rates for a Chevy Silverado involves even more rate comparisons. Every car insurance company uses their own formula to establish rates, so we need to take a look at the insurance companies that tend to be cheaper in Lubbock, TX.

It's a good idea to be aware that Lubbock insurance rates are impacted by many factors that control the policy premium. This price fluctuation is why it is important to perform an extensive rate comparison to get the most affordable car insurance quotes for a Chevy Silverado. Insurance prices are influenced by many risk factors and can increase or decrease at any time, so the most economical company two years ago may now not even be in the top five.

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Cheapest auto insurance in Texas ranked by cost per year
Rank Company Cost Per Year
1 Travelers $1,052
2 USAA $1,128
3 Texas Farm Bureau $1,211
4 Germania Mutual $1,256
5 Esurance $1,365
6 California Casualty $1,424
7 State Farm $1,450
8 Mercury $1,521
9 Nationwide $1,585
10 Safe Auto $1,597
11 Progressive $1,647
12 Allstate $1,718
13 Amica $1,723
14 GEICO $2,135
15 Home State $2,155
16 MetLife $2,227
17 Encompass $2,301
18 Unitrin $2,333
19 21st Century $2,421
20 Titan $2,594
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Travelers quotes some of the lowest car insurance rates in Lubbock at around $1,052 annually. This is $852 less than the average premium paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and Esurance also are some of the more affordable Lubbock, TX insurance companies.

As depicted above, if you currently have a policy with Germania Mutual and switched to USAA, you might achieve yearly savings of in the neighborhood of $128. Policyholders with Esurance might save as much as $237 a year, and California Casualty insureds might lower prices by $296 a year.

These premium estimates are averages across all drivers and vehicles and are not factoring in a vehicle location for a Chevy Silverado. So the company that has the lowest price for you may not even be in the list above. That's why you need to get auto insurance quotes using your own driver and vehicle profiles.

Cost comparison with and without full coverage

Reducing premiums for insurance is important to the majority of drivers, and an effective way to buy cheaper insurance for a Chevy Silverado is to not buy full coverage. The illustration below compares insurance rates with full physical damage coverage compared to only buying the minimum liability limits required in Texas. The premiums are based on no accidents, no driving violations, $100 deductibles, marital status is single, and no additional discounts are factored in.

Averaged for all age groups, full coverage costs an extra $2,974 per year over liability only. That is a large expense which might make you wonder if buying full coverage is a waste of money. There is no definitive guideline of when to stop paying for physical damage coverage, but there is a general guideline. If the yearly cost of full coverage is 10% or more of replacement cost minus your deductible, then it might be time to buy liability only.

There are some cases where eliminating full coverage is not in your best interest. If you haven't satisfied your loan, you have to maintain full coverage in order to keep the loan. Also, if you cannot afford to purchase a different vehicle in case of an accident, you should keep full coverage on your policy.

Can you find cheaper Silverado insurance?

Texas insurance rates are calculated based on many things that control the policy price. Turning one year older, buying a new vehicle, or getting a driving violation can trigger price changes that can make some companies cheaper than competitors. Not only that, but insurance companies amend premium rates every year to reflect underwriting profits or losses. Higher than normal claim frequency or severity may cause higher prices, while better underwriting can cause lower-priced Silverado insurance rates.

For example, the graph below shows the companies that have the cheapest car insurance in Lubbock, TX for a 40-year-old female driver with no prior claims, no tickets, and great credit. Based on her personal profile, Travelers may have the most affordable car insurance rates in Lubbock at $1,189 a year. This is $715 less than the average premium paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and California Casualty round out the rest of the top five cheapest Lubbock, TX auto insurance companies.

The next chart shows rates after we give the driver from the first rate comparison a couple of claims, poor credit, and a couple of points charged on her driving record. Because each insurer uses their own method to determining premium rates, comparing prices may now present a substantially altered list of cheap Lubbock auto insurance companies as shown below.

State Farm now has the cheapest insurance rate in Lubbock with Mercury, USAA, Nationwide, and Safe Auto now being in the top five. This example demonstrates why Texas drivers need to compare many different companies to find the cheapest insurance quotes for a Chevy Silverado.

Prices can be altered by many different factors and can decrease or increase without notice, so the best option when you bought your policy may now be an over-priced policy.

How to find economical insurance for a Chevy Silverado

Here are some of the recommended money-saving ideas that can help Lubbock drivers locate cheap auto insurance.

The last tip is remarkably critical, as was noted in this write-up. Prices vary greatly, so don't be hesitant to switch companies if a cheaper rate is available.

Brand loyalty is not necessarily bad, but it's not a great idea if that dedication is costing hundreds every year. Take a few minutes and compare prices and find cheaper auto insurance for a Chevy Silverado in Lubbock.

If you aren't clear which coverage you need and would like to get some professional advice when shopping for the best coverage for a Silverado pickup, the insurance agencies listed below are willing to answer your questions and help you decide which auto insurance policy would work best for you.

To find an auto insurance agency closest to you, click the button below the list or click here to get price quotes now.

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