What Car Insurance is Cheapest for a Chevrolet Silverado in Anchorage?

Buying affordable car insurance for a Chevy Silverado hinges on an enormous amount of rating factors such as the safety rating of your vehicle, whether you are claim-free, and if you have tickets or violations. Alaska drivers pay on average $847 annually to insure their Silverado, but that is an approximation based on a 40-year-old single male driver with full coverage and $1,000 deductibles.

Most likely you are not 40 years old and maybe not even male, maybe you are married instead of single, or maybe your Silverado is old enough that it doesn’t require full coverage. Just a slight change in rating criteria can make a large difference in the cost of a policy.

Insurance is an individual thing, so the best method for finding cheap car insurance rates for your Chevrolet is to compare as many rates as you can. Get a free quote now and you can get prices from some of the best insurers in Alaska.

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Your vehicle’s trim level will influence the annual cost of coverage, so the cost to insure a Silverado LS Regular Cab 2WD will be $130 lower 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 Anchorage, AK
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Silverado LS Regular Cab 2WD $110 $210 $372 $22 $112 $826 $69
Silverado LS Regular Cab 4WD $110 $210 $330 $20 $98 $768 $64
Silverado LT Regular Cab 2WD $128 $256 $372 $22 $112 $890 $74
Silverado LT Regular Cab $128 $256 $372 $22 $112 $890 $74
Silverado LS Extended Cab 4WD $128 $256 $330 $20 $98 $832 $69
Silverado LT Extended Cab 4WD $128 $256 $330 $20 $98 $832 $69
Silverado LT Extended Cab 2WD $128 $256 $372 $22 $112 $890 $74
Silverado LS Extended Cab 2WD $128 $256 $372 $22 $112 $890 $74
Silverado LT Crew Cab 4WD $144 $302 $330 $20 $98 $894 $75
Silverado LS Crew Cab 2WD $144 $302 $372 $22 $112 $952 $79
Silverado LS Crew Cab 4WD $144 $302 $330 $20 $98 $894 $75
Silverado LT Crew Cab 2WD $144 $302 $372 $22 $112 $952 $79
Silverado LTZ Extended Cab 2WD $144 $302 $372 $22 $112 $952 $79
Silverado LTZ Extended Cab 4WD $144 $302 $330 $20 $98 $894 $75
Silverado LTZ Crew Cab 2WD $144 $302 $372 $22 $112 $952 $79
Silverado LTZ Crew Cab 4WD $144 $302 $330 $20 $98 $894 $75
Silverado Crew Cab Hybrid 2WD $144 $348 $330 $20 $98 $940 $78
Silverado Crew Cab Hybrid 4WD $160 $348 $330 $20 $98 $956 $80
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Premium data assumes single male driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Alaska minimum liability limits. Discounts applied include safe-driver, homeowner, multi-policy, claim-free, and multi-vehicle. Prices do not factor in vehicle garaging location which can alter insurance rates substantially.

Buying coverage from a high-quality insurance provider can be challenging considering how many choices drivers have in Alaska. The rank data displayed below may help you analyze which auto insurance companies to look at when shopping your coverage around.

These ratings are only made up of large insurance companies, so companies that only write business in Alaska or surrounding areas are not taken into consideration for these rankings. To check prices and find cheaper insurance for a Chevy Silverado, simply click here.

Best Car Insurance Companies for a Chevrolet Silverado in Alaska
Company Value Customer Service Claims Customer Satisfaction A.M Best Rating Overall Score
USAA 98 100 100 94% A++ 98.6
American Family 98 89 100 86% A 95.4
State Farm 88 93 96 90% A++ 92.4
The Hartford 94 92 90 89% A+ 91.7
AAA Insurance 88 89 95 91% A 91.2
GEICO 84 93 93 89% A++ 90.3
The General 89 91 89 88% A- 90
Progressive 84 91 93 87% A+ 89.5
Allstate 85 90 92 88% A+ 89.3
Liberty Mutual 84 87 93 88% A 88.5
21st Century 85 86 87 88% A 86.7
Esurance 85 80 95 87% A+ 85.9
Safeco 85 85 85 86% A 85.8
Farmers Insurance 78 87 88 79% A 84.3
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Data Source: Insure.com Best Car Insurance Companies

Impact of careless driving on Anchorage car insurance rates

The obvious way to snag affordable car insurance prices in Anchorage for a Silverado pickup is to drive cautiously and maintain a clean driving record. The diagram below demonstrates how citations and at-fault collisions raise insurance rates for each different age group. The costs are based on a married female driver, full physical damage coverage, $250 deductibles, and no discounts are applied to the premium.

The data above shows the average cost of auto insurance in Anchorage per year with no accidents or violations is $1,513. Receive one speeding ticket and the average cost rises to $1,760, an increase of $246 each year. Then include one accident along with the one speeding ticket and the annual cost of car insurance for a Chevy Silverado increases to an average of $2,468. That’s an increase of $954, or $80 per month, just for not driving safely!

Types of discounts on Anchorage auto insurance rates

Save on car insurance for a Silverado pickup in AnchorageAuto insurance companies that offer cheap quotes for a Chevy Silverado may have premium discounts that can reduce rates by as much as 35% or more if you meet certain criteria. A list of companies and a selection of discounts include:

The information below compares yearly insurance costs with and without discounts applied to the policy premium. The rates are based on a male driver, no accidents or driving violations, Alaska state minimum liability limits, comprehensive and collision coverage, and $250 deductibles.

The first bar for each age group shows the average rate with no discounts. The second bar shows the rates with marriage, defensive driving course, multiple vehicle, accident-free, passive restraint, and multiple policy discounts applied. With discounts applied, theaverage yearly reduction on car insurance for a Chevy Silverado is 28% or $510.

How to find economical auto insurance for a Chevy Silverado

The list below shows some of the better thrifty suggestions that can help Anchorage drivers locate cheap coverage.

The last idea is notably significant, as we emphasized in this piece. Auto insurance rates vary considerably, so drivers shouldn’t be resistant to change to a new company if a cheaper price is available.

Many drivers tend to have loyalty to a certain company, but it’s not a good idea if that dedication is costing a considerable chunk of change every month. It only take a few minutes to shop around and find cheaper auto insurance for a Chevy Silverado in Anchorage.