Low insurance percentage makes buying a used Chevrolet Silverado a great buy in Texas

The Chevrolet Silverado is among the popular SUVs in the US, and it has won several accolades for its excellent towing and hauling capacities along with several engine options. It is also a very practical SUV with a high demand in the used car market.

To compare the insurance rates for a used Chevrolet Silverado, let us look at a few cities in Texas. In the table below, you will observe that there is not much of a difference in the insurance percentage and insurance average. The highest insurance average is in the city of Amarillo with an insurance average of 5 percent costing $1,225. Waco and El Paso have a lower insurance average and percentage as per the table below.

City Make Model Year Range Insurance Average ($) Insurance %
Amarillo Chevrolet Silverado 2005 - 2012 1,225 5
Plano Chevrolet Silverado 2005 - 2012 1,198 4
Waco Chevrolet Silverado 2005 - 2012 1,156 3
El Paso Chevrolet Silverado 2005 - 2012 1,197 3

However, if you add the median price to this equation, buying a used Chevrolet Silverado in Waco and El Paso is more expensive than buying it in Amarillo and Plano. In fact, the difference in the median price of a used Chevrolet Silverado between Amarillo and El Paso is a princely sum of $14,102.

City Make Model Year Range Insurance Average ($) Median Price ($) Insurance % Average cost for a year
Amarillo Chevrolet Silverado 2005-2012 1,225 23,950 5 32,525
Plano Chevrolet Silverado 2005-2012 1,198 24,149 4 32,535
Waco Chevrolet Silverado 2005-2012 1,156 32,995 3 41,087
El Paso Chevrolet Silverado 2005-2012 1,197 38,052 3 46,431

The other cities in Texas with high median price for a used Chevrolet Silverado are Fort Worth at 26,984 and Dallas at $ 26,945. However, they are still considerably cheaper than El Paso and Waco. An interesting fact is that most cities in Texas have an average insurance percentage between 3-5 percent, making it extremely affordable to insure the SUV.