Finding cheaper insurance for a Chevy Silverado in South Carolina relies on lots of different factors such as annual miles driven, your profession, and driving citations. Drivers in South Carolina will pay on average $915 a year to insure their Silverado, but that cost is an estimation calculated based on a 50-year-old married female driver with both comprehensive and collision coverage and $500 deductibles.
More likely than not, you may not be 50 years old (or even female), possibly single instead of married, or you just prefer to insure for liability only. Just a slight change in rating variables or coverage information can result in a big discrepancy in the cost of a policy.
Having different needs demonstrates why the way we recommend to find the cheapest insurance price for your Chevrolet is to do a thorough rate comparison.
The trim level of your Silverado will have an impact the cost of insurance, so the rate you pay to insure a Silverado LS Regular Cab 2WD model will cost $166 less than the price to insure the more costly Silverado Crew Cab Hybrid 4WD trim level, as demonstrated by the prices below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Silverado LS Regular Cab 2WD||$144||$244||$362||$22||$108||$880||$73|
|Silverado LS Regular Cab 4WD||$144||$244||$320||$18||$96||$822||$69|
|Silverado LT Regular Cab 2WD||$166||$298||$362||$22||$108||$956||$80|
|Silverado LT Regular Cab||$166||$298||$362||$22||$108||$956||$80|
|Silverado LS Extended Cab 4WD||$166||$298||$320||$18||$96||$898||$75|
|Silverado LT Extended Cab 4WD||$166||$298||$320||$18||$96||$898||$75|
|Silverado LT Extended Cab 2WD||$166||$298||$362||$22||$108||$956||$80|
|Silverado LS Extended Cab 2WD||$166||$298||$362||$22||$108||$956||$80|
|Silverado LT Crew Cab 4WD||$186||$350||$320||$18||$96||$970||$81|
|Silverado LS Crew Cab 2WD||$186||$350||$362||$22||$108||$1,028||$86|
|Silverado LS Crew Cab 4WD||$186||$350||$320||$18||$96||$970||$81|
|Silverado LT Crew Cab 2WD||$186||$350||$362||$22||$108||$1,028||$86|
|Silverado LTZ Extended Cab 2WD||$186||$350||$362||$22||$108||$1,028||$86|
|Silverado LTZ Extended Cab 4WD||$186||$350||$320||$18||$96||$970||$81|
|Silverado LTZ Crew Cab 2WD||$186||$350||$362||$22||$108||$1,028||$86|
|Silverado LTZ Crew Cab 4WD||$186||$350||$320||$18||$96||$970||$81|
|Silverado Crew Cab Hybrid 2WD||$186||$404||$320||$18||$96||$1,024||$85|
|Silverado Crew Cab Hybrid 4WD||$208||$404||$320||$18||$96||$1,046||$87|
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Data based on married female driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and South Carolina minimum liability limits. Discounts applied include claim-free, multi-vehicle, homeowner, multi-policy, and safe-driver. Table data does not factor in vehicle garaging location which can impact rates substantially.
Picking the best insurance provider is difficult considering how many companies provide coverage in South Carolina. The company information shown next could help you decide which car insurance providers to look at putting your business with. The rankings below are only comprised of the largest companies in the United States, so companies that have a smaller presence will not be included in these rankings.
Top 10 Large Auto Insurance Companies in South Carolina Ranked by A.M. Best Rating
- Travelers - A++
- USAA - A++
- GEICO - A++
- State Farm - A++
- Titan Insurance - A+
- Esurance - A+
- Progressive - A+
- Nationwide - A+
- The Hartford - A+
- Allstate - A+
Top 10 Large Auto Insurance Companies Overall in South Carolina
- AAA Insurance
- State Farm
- The Hartford
- Safeco Insurance
- American Family
Top Companies for Chevrolet Silverado Insurance in South Carolina
Discounts on South Carolina auto insurance rates
Auto insurance companies that provide policies for a Chevy Silverado may also give you discounts that could potentially reduce rates by as much as 35% if you can meet the requirements. The best auto insurance companies and a partial list of their discounts can be found below.
- American Family may offer discounts for TimeAway discount, multi-vehicle, defensive driver, bundled insurance, mySafetyValet, and good student.
- State Farm discounts include accident-free, defensive driving training, passive restraint, multiple autos, and student away at school.
- 21st Century offers discounts including automatic seat belts, early bird, student driver, teen driver, air bags, theft prevention, and driver training.
- Travelers may include discounts for payment discounts, early quote, save driver, hybrid/electric vehicle, and continuous insurance.
- GEICO policyholders can earn discounts including federal employee, multi-policy, air bags, good student, daytime running lights, and multi-vehicle.
The example below compares auto insurance costs with and without some available policy discounts. The information is based on a female driver, no accidents or driving violations, South Carolina state minimum liability limits, comprehensive and collision coverage, and $1,000 deductibles. The first bar for each age group shows the price with no discounts. The second bar shows the rates with multiple policy, defensive driving course, anti-theft, passive restraint, marriage, and multiple vehicle discounts applied. When taking advantage of discounts, theamount saved on auto insurance for a Chevy Silverado is 28% or $457.
Does it make sense to buy full coverage?
Saving money on auto insurance should be important to most drivers, and one of the easiest ways to pay lower rates for insurance for a Chevy Silverado in South Carolina is to only buy liability insurance. The illustration below illustrates the difference between insurance costs with full coverage and liability only. The premium estimates are based on no claims or driving violations, $500 deductibles, marital status is single, and no discounts are applied to the premium.
Averaged for all ages 20 through 70, comprehensive and collision coverage on your policy costs an additional $2,180 per year more than insuring for liability only. At some point, almost every driver questions if it's a good idea to buy full coverage. There is no definitive guideline of when to phase out full coverage, but there is a general guideline. If the annual cost of having full coverage is more than 10% of the replacement cost minus the deductible, then it might be time to consider dropping full coverage.
Shop around and save
South Carolina auto insurance rates are impacted by many things which can significantly increase or decrease the cost of a policy. Improving your credit score, buying a different vehicle, or getting a ticket for careless driving can trigger rate changes resulting in some rates now being cheaper in comparison to the competition.
Not only may things change on your end, but insurance companies modify rates without warning in order to be able to pay unexpected claims. A period of increased losses may result in increased rates, while a profitable period may produce more affordable Silverado insurance rates.
As an example, the chart below analyzes the cheapest car insurance in South Carolina for a 30-year-old female driver with no accidents, a clean driving record, and good financial standing. If we look at prices based on her current situation, The Hartford might quote the most affordable car insurance rates in South Carolina at $768 per year. This is $841 less than the average policy premium paid by South Carolina drivers of $1,609. USAA, Auto-Owners, State Auto, and Southern Farm Bureau are the rest of the cheapest South Carolina auto insurance companies.
Now let's give the driver from the above example an at-fault accident, bad credit, and a stop sign violation. Because every insurance company has a proprietary method to determine rates, comparing prices may now result in a significantly different list of cheap South Carolina auto insurance companies as shown below.
National Grange Mutual now has the lowest price on auto insurance in South Carolina with Travelers, State Farm, USAA, and The Hartford also being competitive. This illustrates why it is so important to compare many different companies to find cheap car insurance quotes for a Chevy Silverado. Insurance prices consist of many things and change frequently, so the cheapest option when you bought your policy may now not even be in the top five.
Tips for buying the cheapest insurance for a Chevy Silverado in South Carolina
Below you'll find many thrifty suggestions that can help South Carolina drivers get lower-cost coverage.
- Higher physical damage deductibles lower rates
- Avoid getting tickets or violations
- Buy a car with high safety ratings
- Avoid preventable accidents
- Assess whether full coverage is needed
- Improve your credit score
- Comparison shop at least once a year
That last piece of advice is very significant, as was affirmed in this article. Car insurance rates change a lot, so drivers shouldn't be reluctant to switch to a new company if you can find a cheaper rate. Having a favorite company is fine, but it's not a great idea if that stubbornness costs you a small fortune year after year. It only take a few minutes to compare prices and find cheaper car insurance for a Chevy Silverado.