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Jerry Data & Research
Cheapest 2002 Chevrolet Silverado Car Insurance (Apr 2024)
Cheapest 2002 Chevrolet Silverado Car Insurance (Apr 2024)
Compare 50+ top insurance companies including Progressive, Travelers, AAA, Nationwide (and more!) to find the best and cheapest car insurance for your 2002 Chevrolet Silverado
Find Insurance Savings
No long forms
No spam or unwanted calls
Quotes from top insurance companies
Amy Bobinger
Licensed Insurance Agent — Expert Insurance Editor
Reviewed by Josh Damico, Vice President Insurance Operations
Edited by Kianna Walpole, Expert Insurance Writer & Editor
What's on this page?
- How much does car insurance cost for a 2002 Chevrolet Silverado ?
- Compare the cheapest 2002 Chevrolet Silverado car insurance quotes
- The best car insurance companies for 2002 Chevrolet Silverado owners
- How expensive is 2002 Chevrolet Silverado insurance compared to other years?
- Are 2002 Chevrolet Silverados expensive to insure?
- Methodology
- Meet our experts
Load full table of contents
The 2002 Chevrolet Silverado might be more than 20 years old, but thanks to this truck’s rugged reliability, there are still plenty on the road today. And according to
Kelley Blue Book
, they’re still performing well, with an average 4.5/5 rating from real drivers.Owners have another reason to be happy—insurance costs for a 2002 Chevy Silverado tend to be fairly reasonable, averaging somewhat lower than other similarly-priced vehicles.
How much does car insurance cost for a 2002 Chevrolet Silverado ?
The average cost of car insurance for a 2002 Chevrolet Silverado is around $81 a month for minimum liability insurance and around $143 a month for full coverage. Compared to the overall average for the Chevy Silverado, insurance costs for the ‘02 are fairly low—about 14% less for minimum liability coverage and around 32% less for full coverage.
But while insurance costs tend to be fairly low for the 2002 Chevy Silverado, your own rates may vary. While insurers will consider your vehicle’s make, model, trim, and safety features, the
cost of your car insurance
is also based on individual factors like your age, driving record, insurance history, and more. To be sure you’re getting the best price for your 2002 Chevy Silverado car insurance, compare rates from at least 3–5 insurers before you buy a policy—or use a
car insurance comparison app
like Jerry
to compare quotes from over 55 insurance companies in seconds.Compare the cheapest 2002 Chevrolet Silverado car insurance quotes
Thousands of smart Chevrolet Silverado drivers come to Jerry every month to find the best rates from top-rated providers. Jerry’s customers save an average of $1,984 per year on car insurance. Below are cheap quotes Jerry found for 2002 Chevrolet Silverado drivers.
| Date | Car | Insurance Company | Premium (monthly) | Customer | Insurance Coverage |
|---|---|---|---|---|---|
April 14, 2024 | Progressive | $175 | Sadie, 36 Lakehills, TX | • 50,000/100,000 Liability • Comp / Collision | |
April 12, 2024 | Allstate | $109 | Adelaide, 41 | • State Minimum Liability | |
April 12, 2024 | Travelers | $109 | Sarah, 42 | • 100,000/300,000 Liability • Comp / Collision | |
April 10, 2024 | AAA | $188 | Adelaide, 26 | • State Minimum Liability | |
April 8, 2024 | Safeco | $108 | Lettie, 38 | • 100,000/300,000 Liability • Comp / Collision |
Last Updated Apr 27, 2024However, insurance premiums can vary greatly based on trims and drivers. The best way to evaluate your own insurance costs is to
get a car insurance quote
from at least three insurance companies and compare rates. The best car insurance companies for 2002 Chevrolet Silverado owners
There’s no best company for all 2002 Chevrolet Silverado drivers.
Insurance premiums are calculated
based on a wide range of factors, including driver age, driving record, and insurance history—and every company uses a slightly different algorithm to make those calculations. We analyzed real quotes received by 2002 Chevrolet Silverado drivers, and we found that on average, these companies offered the lowest rates:
Insurance company | Average minimum liability cost | Average full coverage cost |
|---|---|---|
$600 | $2,140 | |
$637 | $1,003 | |
$657 | $1,505 | |
$675 | $1,280 | |
$949 | $1,458 |
But when you’re shopping for a car insurance policy, there’s more to consider than just the cost.
Jerry has conducted the largest insurance shopping survey in the nation to help people compare car insurance companies and find the best fit for them—not just in terms of price, but customer service and claims experience as well.
The table below shows how 2002 Chevrolet Silverado drivers rated different insurance companies in these three categories, as well as overall.
| Insurance Company | Overall Rating | Price | Claims Experience | Customer Service |
|---|---|---|---|---|
| Safeco | 4.6 | 4.4 | 4 | 4.5 |
| Travelers | 4.5 | 4.2 | 4.4 | 4.5 |
| Progressive | 4.3 | 3.9 | 3.9 | 4.3 |
| AAA | 4.2 | 4 | 3.8 | 4.4 |
| Allstate | 4.2 | 3.6 | 3.8 | 4.2 |
| USAA | 4 | 3.5 | 4.5 | 4.2 |
| State Farm | 4 | 3.4 | 3.8 | 4.2 |
| Farmers | 4 | 3.4 | 4.1 | 3.9 |
| Geico | 3.9 | 3.3 | 3.9 | 4 |
Liberty Mutual | 3.7 | 3.2 | 3.5 | 3.7 |
How'd we get these scores?
Jerry's experts conducted one of the largest car insurance surveys in the United States. We surveyed 15,000 policyholders, in all 50 states, over the span of 18 months. These policyholders hold insurance policies with 87 different insurance companies. We surveyed policyholders to gauge their satisfaction with their insurance carriers in: policy cost, customer service, buying and renewal experience, as well as claim experience. These scores were all reported by real customers of the insurance companies.
How'd we get these scores?
Jerry's experts conducted one of the largest car insurance surveys in the United States. We surveyed 15,000 policyholders, in all 50 states, over the span of 18 months. These policyholders hold insurance policies with 87 different insurance companies. We surveyed policyholders to gauge their satisfaction with their insurance carriers in: policy cost, customer service, buying and renewal experience, as well as claim experience. These scores were all reported by real customers of the insurance companies.
"Jerry is the new benchmark in app usefulness. Period. It is SO EASY and the results are SO GOOD, and they specifically point out that no one is going to start calling and emailing me all the time. I gave very little info, it pulled up all my existing insurance info, and showed me how to get the same insurance for less, lesser coverage for huge savings, or better coverage for about the same I currently pay. I am personally saving around $1,400/year with my new insurance, and the entire process (including follow ups to sign the docs from the insurance companies) took less than an hour. If you make over $1,400/hour, this may not be worth your time. Otherwise, get the app and use it now!"
Sean S.
Average 2002 Chevrolet Silverado insurance costs
After analyzing data from many 2002 Chevrolet Silverado drivers, we discovered that the typical monthly expense for minimum liability coverage is $81, which adds up to $975 annually. As for full coverage insurance, the average monthly cost for 2002 Chevrolet Silverado drivers is $143, or $1,720 per year.
| Insurance Coverage | Average insurance cost (monthly) | Average insurance cost (yearly) |
|---|---|---|
State minimum coverage | $84 | $1,008 |
Full coverage | $112 | $1,344 |
State minimum coverage
refers to the minimum amount of car insurance required by state laws, which typically includes some amount of liability insurance
. In some states, uninsured/underinsured motorist coverage
and/or personal injury protection
are also required by law. Full coverage car insurance
, on the other hand, includes collision
and comprehensive coverage
, which are not required by law. Unlike minimum coverage, full coverage provides robust protection for your vehicle against damage from accidents, auto theft, vandalism, severe weather, and more. Compare insurance information for other Chevrolets
2002 Chevrolet Silverado insurance costs by trim level
The cost of car insurance for a 2002 Chevrolet Silverado is also influenced by trim level. Upper trims tend to come with more tech and luxury features, which raises the cost of both repairs and insurance coverage.
| Car Model & Trim | Average full coverage insurance cost | Average minimum coverage insurance cost |
|---|---|---|
2002 C1500 | $130 | $80 |
2002 C2500 Heavy Duty | $64 | $109 |
2002 K1500 | $109 | $79 |
2002 K2500 Heavy Duty | $149 | $87 |
How expensive is 2002 Chevrolet Silverado insurance compared to other years?
Newer cars are usually more expensive to insure than older models. New technology and other components typically cost more to repair or replace, which drives up the cost of coverage.
On the other hand, new models tend to have better safety features and higher safety ratings, which can lower insurance costs. Some insurers also offer discounts for cars less than three model years old.
The table below compares the average insurance cost of a Chevrolet Silverado manufactured in 2002 with that of the four closest model years.
| Car | Minimum Coverage | Full Coverage |
|---|---|---|
1999 Chevrolet Silverado | $67 | $122 |
2000 Chevrolet Silverado | $81 | $130 |
2001 Chevrolet Silverado | $73 | $117 |
2002 Chevrolet Silverado | $84 | $112 |
2003 Chevrolet Silverado | $76 | $144 |
2004 Chevrolet Silverado | $83 | $131 |
2005 Chevrolet Silverado | $82 | $159 |
2006 Chevrolet Silverado | $91 | $166 |
2007 Chevrolet Silverado | $91 | $149 |
2008 Chevrolet Silverado | $89 | $142 |
2009 Chevrolet Silverado | $86 | $154 |
2010 Chevrolet Silverado | $80 | $133 |
2011 Chevrolet Silverado | $104 | $160 |
2012 Chevrolet Silverado | $95 | $160 |
2013 Chevrolet Silverado | $82 | $162 |
2014 Chevrolet Silverado | $105 | $162 |
2015 Chevrolet Silverado | $87 | $170 |
2016 Chevrolet Silverado | $88 | $169 |
2017 Chevrolet Silverado | $83 | $180 |
2018 Chevrolet Silverado | $85 | $179 |
2019 Chevrolet Silverado | $80 | $184 |
2020 Chevrolet Silverado | $108 | $186 |
2021 Chevrolet Silverado | $105 | $198 |
2022 Chevrolet Silverado | $115 | $196 |
2023 Chevrolet Silverado | $120 | $192 |
Compare car insurance by car year
See All
Are 2002 Chevrolet Silverados expensive to insure?
Compared with other models in a similar price range, it’s relatively inexpensive to insure a 2002 Chevrolet Silverado. On average, car insurance for a 2002 Chevrolet Silverado costs $81 a month for minimum liability coverage and around $143 for full coverage—about 32% less than similar models.
| Model | Avg. Minimal Coverage Insurance Cost | Avg. Full Coverage Insurance Cost |
|---|---|---|
2002 Ford Windstar | $72 | $101 |
2002 Jeep Wrangler | $78 | $97 |
2002 Buick Park Avenue | $79 | $103 |
2002 Chevrolet Silverado | $84 | $112 |
2002 Toyota RAV4 | $87 | $134 |
Insurance companies look at more than your car’s make and model to determine the cost of coverage. They’ll take into account the age of the vehicle, its MSRP and actual cash value, the size of its engine, and the likelihood of claims after a crash.
| Rating Type | Rating |
|---|---|
Driver's | |
Passenger's | |
Overall Front | |
Overall Side | |
Overall Rollover Rating | |
Overall | |
Side - Pole | |
Side Barrier Rating Driver | |
Side Barrier Rating Passenger Rear Seat | |
Side - Barrier | |
Side - Pole Barrier combined (FRONT) | |
Side - Pole Barrier combined (REAR) | |
Front Seat | |
Rear Seat |
What other factors affect 2002 Chevrolet Silverado insurance rates?
Car insurance companies consider the following factors when generating quotes:
- The kind of car you have: Collision and comprehensive coverage cost more for luxury vehicles, sports cars, and any high-performance vehicle. On the other hand, you’ll pay less to insure a rugged work truck like the 2002 Chevy Silverado.
- Your age: Young drivers (below age 25) pay higher insurance rates based on their lack of driving experience compared to older drivers. Drivers above age 75 also see higher rates based on declining road safety.
- Your driving record and claims history: Insurance companies will charge more if you’ve had accidents or tickets in the past five years.
- Where you keep your car: Insurance rates vary from state to state and even between different ZIP codes based on theft rates, accident statistics, and weather patterns in your area.
2002 Chevrolet Silverado insurance costs for young drivers
The Chevrolet Silverado is a well-liked car among young drivers, but don't anticipate affordable insurance. Drivers aged 16 to 25 generally face some of the highest car insurance rates.
Teen drivers
, in particular, can expect steep rates because of their elevated risk of accidents and violations.On average, Chevy Silverado drivers under the age of 18 pay around $254 a month for minimum liability coverage and around $612 a month for full coverage, which breaks down to a 213% increase for liability coverage and a 328% increase for full coverage.
Rates are slightly lower for Chevrolet Silverado drivers between the ages of 18 and 21: about $191 for minimum liability coverage and around $488 for full coverage. That’s about 135% more than the average cost of minimum coverage and around 241% more than the average full coverage cost.
Jack (23 years old)
$170
per month
Lee (23 years old)
$181
per month
Elmer (22 years old)
$65
per month
2002 Chevrolet Silverado insurance costs for senior drivers
On the whole, senior drivers pay some of the lowest car rates—they’re more established motorists and providers take note of that when determining insurance premium costs.
But that doesn’t necessarily extend to every senior. Insurance costs will actually rise for seniors over the age of 70 on account of increased driver error and the likelihood of more serious injuries in the event of a crash.
Leo (65 years old)
Coverage100,000 per person
300,000 per accident bodily injury
Comp / Collision
$64
per month
Juan (68 years old)
$70
per month
2002 Chevrolet Silverado insurance cost for drivers with driving violations
Drivers with recent violations on their record will typically see higher insurance costs. Common violations can range from speeding tickets and driving without insurance to at-fault accidents and DUIs.
Here’s how much real policyholders pay for insurance if they have violations on their record.
| Violation | Car | Insurance Company | Premium (monthly) | Customer | Insurance Coverage |
|---|---|---|---|---|---|
Failure to Yield | Progressive | $247 | Tyler, 32 | • State Minimum Liability • Comp / Collision | |
Driving on Sus. License | Safeco | $83 | Thomas, 36 Gordonville, TX | • State Minimum Liability | |
Failure to Yield | Bristol West | $110 | Olivia, 26 Odum, GA | • State Minimum Liability | |
Improper Passing | Progressive | $89 | Billy, 29 Ferrum, VA | • 30,000/60,000 Liability • Comp / Collision |
Last Updated Apr 26, 2024How can I lower the cost of insurance for my 2002 Chevrolet Silverado?
Smart shopping strategies
and car insurance discounts
can help you lower the cost of coverage for a 2002 Chevrolet Silverado. Here’s how: - Compare at least three quotes: Never buy car insurance without comparing quotes from at least three different insurance providers.Jerrymakes the comparison process quick and easy!
- Use a broker: Unlike captive agents and even most independent agents,car insurance brokersearn commissions without adding to your insurance costs or pushing you towards a more expensive policy.
- Bundle multiple policies: If you also pay for home or renters insurance, you can bundle your policies with a single provider to save money.Home and auto bundlessave drivers an average of 15% or more!
- Check for discounts: Most insurers offer discounts for everything from good grades to staying accident-free—or even for buying a new vehicle!
- Enroll in a usage-based insurance program: Almost every major insurer offers usage-based programs that allow drivers to track their driving habits in real-time in exchange for potential discounts—and you’ll often get a discount just for signing up!
Methodology
The Insurance Research Team analyzes insurance products and services to drive insights and help consumers make informed purchase decisions.
Insurance research: We analyzed over 25 million car insurance quotes; conducted the largest insurance shopping survey (over 15,000 customers surveyed and 85 carriers reviewed in the past 18 months).
We surveyed insurance policyholders for their experience with their insurers in the following areas: (1) insurance cost (2) customer service (3) insurance buying experience (4) insurance renewal experience (5) claim experience. In addition, we asked people what they like about their insurers and what areas in which their insurers could improve. The driver characteristics used in calculating average rates for auto insurance include: single driver, single car, currently insured, clean driving record.
For the quotes and sold policies included in this article, please note that personal information has been hidden. Not all customers find savings.
Team: The team consists of licensed insurance agents, insurance industry veterans, and data scientists.
Meet our experts
Amy Bobinger
Licensed Insurance Agent — Expert Insurance Editor
Expert insurance writer and editor Amy Bobinger specializes in car repair, car maintenance, and car insurance. Amy is passionate about creating content that helps consumers navigate challenges related to car ownership and achieve financial success in areas relating to cars.
Amy has over 10 years of writing and editing experience. After several years as a freelance writer, Amy spent four years as an editing fellow at WikiHow, where she co-authored over 600 articles on topics including car maintenance and home ownership. Since joining Jerry’s editorial team in 2022, Amy has edited over 2,500 articles on car insurance, state driving laws, and car repair and maintenance.
Kianna Walpole
Expert Insurance Writer & Editor
Kianna Walpole is an insurance writer and editor with a comprehensive background in consumer behavior and online publishing. With experience in car insurance, maintenance, and repair, she is dedicated to building informative content that helps customers reduce costs while achieving the best service. Prior to joining the Jerry editorial team, Kianna worked as a junior editor in the content marketing industry, using consumer data and key insights to create and edit content for an array of large-scale clients in the real estate, cybersecurity, and healthcare industries.
Josh Damico
Head Of Insurance Operations
18+ Years Experience in Insurance
Josh Damico is Jerry’s vice president of insurance operations and a licensed insurance professional with nearly two decades of experience in the industry. Previously, Josh held executive roles at Geico, where he had vast regional oversight and leadership opportunities. He holds a bachelor’s degree in business administration and management from Medaille College, and has appeared on news channels including FOX and CBS to offer insurance expertise and tips to drivers across the country. His work has appeared in Business Insider, Kelley Blue Book, and Digital Insurance and been quoted in The Balance, GOBankingRates, and Inspiring Workplaces.
*Illustration only. For all the pricing information presented in this article (including various tables), please note that not all customers find savings and the information is for illustrative purposes only. Savings depend on type of car, location, policy features, driving history and other factors. Drivers who switch through Jerry save over $70/month on average.
