Who Has the Cheapest Buffalo Auto Insurance Rates for a Chevrolet Silverado?

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Buying cheaper auto insurance for a Chevy Silverado in New York hinges on an enormous amount of rating factors such as whether you use your Silverado for business use, your occupation, and the deductible amount you use. Drivers in New York will pay around $940 a year to insure their Silverado, but that cost is an approximation calculated using a 50-year-old single female driver with full comprehensive and collision coverage and $250 deductibles.

Most likely you're not a 50-year-old female, married instead of single, and maybe your Silverado is older and does not require full coverage. Even a slight difference in rating criteria can make a big difference in rates.

This illustrates why the best way to find the cheapest coverage for your Chevrolet is to just compare rates yourself.

Find Cheaper Chevrolet Silverado Insurance

Vehicle trim level tends to have a direct impact on price, so the cost to insure a Silverado LS Regular Cab 2WD trim level will be $196 less than the cost to insure the more well-appointed Silverado Crew Cab Hybrid 4WD model, as shown in the table below.

Chevrolet Silverado Insurance Rates in Buffalo, NY
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Silverado LS Regular Cab 2WD $154 $278 $338 $20 $102 $892 $74
Silverado LS Regular Cab 4WD $154 $278 $300 $18 $90 $840 $70
Silverado LT Regular Cab 2WD $176 $338 $338 $20 $102 $974 $81
Silverado LT Regular Cab $176 $338 $338 $20 $102 $974 $81
Silverado LS Extended Cab 4WD $176 $338 $300 $18 $90 $922 $77
Silverado LT Extended Cab 4WD $176 $338 $300 $18 $90 $922 $77
Silverado LT Extended Cab 2WD $176 $338 $338 $20 $102 $974 $81
Silverado LS Extended Cab 2WD $176 $338 $338 $20 $102 $974 $81
Silverado LT Crew Cab 4WD $198 $398 $300 $18 $90 $1,004 $84
Silverado LS Crew Cab 2WD $198 $398 $338 $20 $102 $1,056 $88
Silverado LS Crew Cab 4WD $198 $398 $300 $18 $90 $1,004 $84
Silverado LT Crew Cab 2WD $198 $398 $338 $20 $102 $1,056 $88
Silverado LTZ Extended Cab 2WD $198 $398 $338 $20 $102 $1,056 $88
Silverado LTZ Extended Cab 4WD $198 $398 $300 $18 $90 $1,004 $84
Silverado LTZ Crew Cab 2WD $198 $398 $338 $20 $102 $1,056 $88
Silverado LTZ Crew Cab 4WD $198 $398 $300 $18 $90 $1,004 $84
Silverado Crew Cab Hybrid 2WD $198 $458 $300 $18 $90 $1,064 $89
Silverado Crew Cab Hybrid 4WD $222 $458 $300 $18 $90 $1,088 $91
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Above prices assume single female driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and New York minimum liability limits. Discounts applied include multi-policy, homeowner, multi-vehicle, safe-driver, and claim-free. Information does not factor in Buffalo location which can revise premium rates greatly.

Insurance company ratings

Ending up with a highly-rated auto insurance company can be rather challenging considering how many companies provide coverage in Buffalo. The company information in the lists below may help you choose which providers to look at when comparing rate quotes. The ratings below are only made up of companies with a nationwide focus, so companies that have a smaller presence are not factored into the list.

Top 10 Major Auto Insurance Companies in Buffalo Ranked by Customer Service

  1. Mercury Insurance
  2. The Hartford
  3. American Family
  4. Progressive
  5. USAA
  6. Travelers
  7. State Farm
  8. GEICO
  9. Allstate
  10. Farmers Insurance

Top 10 Major Auto Insurance Companies in Buffalo Ranked by Value

  1. The General
  2. Erie Insurance
  3. The Hartford
  4. Mercury Insurance
  5. Farmers Insurance
  6. 21st Century
  7. Safeco Insurance
  8. AAA Insurance
  9. State Farm
  10. Travelers

Poor driving habits will raise your insurance rates

The ideal way to score cheap insurance rates in New York for a Silverado pickup is to drive carefully and avoid accidents and traffic citations. The example below demonstrates how speeding tickets and accident claims can impact insurance premiums for each age group. The price estimates are based on a married female driver, comp and collision included, $250 deductibles, and no discounts are taken into consideration.

The chart shows that the average cost of car insurance per year with no accidents or violations is $1,389. Get one speeding ticket and the average cost jumps to $1,615, an increase of $226 each year. Then add in two accidents along with the one speeding ticket and the annual cost of insurance for a Chevy Silverado goes up to an average of $3,516. That's an increase of $2,126, or $177 per month, just for being a less-than-perfect driver!

Comparison of full coverage and liability-only policies

Finding cheaper insurance should be important to the majority of people, and one easy way to pay less for insurance for a Chevy Silverado is to not buy full coverage. The diagram below illustrates the difference between car insurance costs with and without physical damage coverage. Data assumes no violations or claims, $1,000 deductibles, marital status is single, and no other discounts are factored in.

As an overall average, physical damage insurance costs $1,503 per year over having just liability coverage. Many drivers will wonder when is the right time to remove full coverage. There isn't a written rule to exclude comp and collision coverage, but there is a guideline you can consider. If the yearly cost of full coverage is more than about 10% of replacement cost minus your deductible, the it may be a good time to stop paying for full coverage.

There are some scenarios where only buying liability is not recommended. If you still have a lienholder on your title, you are required to maintain full coverage as part of the loan conditions. Also, if you don't have enough money to buy a different vehicle if your current one is damaged, you should not remove full coverage.

The chart below demonstrates how choosing different deductibles can influence insurance prices when researching cheap insurance for a Chevy Silverado. The premium estimates are based on a married male driver, comp and collision included, and no other discounts are factored in.

The data above shows that a 30-year-old driver could save $244 a year by switching their comprehensive and collision coverages from a $100 deductible to a $500 deductible, or save $368 by selecting a $1,000 deductible. Youthful drivers, like the 20-year-old example, could roll back prices up to $736 or even more just by choosing larger deductibles. When increasing deductibles, it is essential to have enough funds in savings to enable you to pay the extra out-of-pocket expense, which deters some drivers from choosing higher deductibles.