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

Finding affordable auto insurance for a Chevy Silverado is pretty easy for most people to do, but it depends on a whole bunch of rating criteria such as whether you are single or married, where your vehicle is garaged, and your choice of deductibles. Drivers will pay on average $1,240 a year for Silverado insurance, but that figure is an estimation calculated based on a 50-year-old single female driver with both comprehensive and collision coverage and $100 deductibles.

There’s a good chance you aren’t exactly 50 years old or even a female, maybe you are married instead of single, or maybe you have a speeding ticket or two that will increase rates. This example demonstrates why the only real way to find cheap car insurance rates for your Chevrolet is to compare as many rates as you can.

Insure Your Chevrolet for Less

Your vehicle’s trim level tends to impact the insurance rate, so the price to insure a Silverado LS Regular Cab 2WD will be $290 cheaper than the insurance cost for the more costly Silverado Crew Cab Hybrid 4WD model, as shown by the rates below.

Above prices assume single female driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Oregon minimum liability limits. Discounts applied include safe-driver, multi-policy, homeowner, claim-free, and multi-vehicle. Estimates do not factor in specific zip code location which can lower or raise auto insurance rates significantly.

Best car insurance company in Oregon

Selecting the right insurer can be rather challenging considering how many companies there are to choose from in Portland. The company rank data in the next section can help you choose which car insurance companies you want to consider when comparing rate quotes. These ratings include the companies with a significant amount of written premium nationwide, so companies that may only write in Oregon are not taken into consideration for these rankings.

Top 10 Major Auto Insurance Providers Overall in Portland

1. USAA
2. American Family
3. State Farm
4. The Hartford
5. AAA Insurance
6. GEICO
7. The General
8. Progressive
9. Allstate
10. Nationwide

Top 10 Major Auto Insurance Providers in Portland Ranked by Value

1. USAA
2. American Family
3. The Hartford
4. The General
5. State Farm
6. AAA Insurance
7. Nationwide
8. Allstate
9. Esurance
10. Safeco

Impact of careless driving on Portland car insurance rates

The ideal way to obtain good car insurance prices in Portland for a Silverado pickup is to be a careful driver and not get tickets or have accidents. The chart below highlights how speeding tickets and fender-benders drive up insurance premiums for different insured age categories. The data is based on a married male driver, full physical damage coverage, $250 deductibles, and no discounts are factored in.

In the example above, the average cost of a car insurance policy in Portland per year with no accidents or violations is $1,852. Get one speeding ticket and the average cost swells to $2,125, an increase of $273 each year. Then add two accidents along with the one speeding ticket and the annual cost of car insurance for a Chevy Silverado jumps again to an average of $4,419. That’s an increase of $2,566, or $214 per month, just for being a less-than-perfect driver!

The diagram below demonstrates how deductible levels can influence insurance costs when searching for cheap insurance for a Chevy Silverado. The rates are based on a single male driver, comp and collision included, and no discounts are factored in.

In the chart above, a 50-year-old driver could lower their policy premium by $262 a year by switching their comprehensive and collision coverages from a $100 deductible up to a $500 deductible, or save $398 by choosing a $1,000 deductible. Young drivers, like the 20-year-old category, could lower their rates $860 or more just by choosing larger deductibles. When increasing deductibles, it is important to have enough in a savings account to be able to cover the extra out-of-pocket expense, which is the main disadvantage of using high deductibles.

How to find the cheapest car insurance for a Chevy Silverado

Here are some money-saving solutions that can help Oregon drivers find cheaper auto insurance.

• Raise your physical damage coverage deductibles
• Clean up your credit rating
• The safer your car, the less it costs to insure
• Buying car and homeowners insurance together can save money
• Frequent claims will increase rates
• On older vehicles, drop full coverage
• Shop around for cheaper rates regularly

The last tip is particularly important, as was affirmed in this article. Auto insurance prices fluctuate constantly, so you should be ready to buy a different policy if a lower price can be found. Many consumers stick with the same company and that’s fine, but we do not recommend it if that loyalty ends up costing hundreds every year. If you have a few minutes, now is a great time to compare prices and find cheaper car insurance for a Chevy Silverado in Portland.

The Portland, OR, insurance agents below can most likely aid you in deciding which coverage meets your needs best, as lots of people like to have the advice of a professional agent when trying to find the best insurance rates for a Silverado pickup. It can be difficult to find coverage yourself, so getting professional guidance from a licensed agent can give you peace of mind knowing you have adequate coverage when you need it most.

To find a Portland insurance agency close to you, click the button after the list.

View map of Portland, OR insurance agents