1999 Chevrolet Silverado 1500 Insurance Rates

Are you sick and tired of wondering where the money will come from to buy insurance coverage? You are in the same boat as many other drivers. Due to the abundance of choices, it can be diffult for drivers to find a more affordable insurance company.

How insurers determine Chevy Silverado 1500 insurance premiums

Lots of things are part of the calculation when premium rates are determined. Some of the criteria are obvious like your driving record, but other criteria are more obscure such as your credit history or how safe your car is.

  • Know your credit rating – Having a bad credit rating is a big factor in calculating your auto insurance rates. If your credit score can use some improvement, you could be paying less to insure your 1999 Chevrolet Silverado 1500 by improving your rating. People that have excellent credit tend to be more responsible and file fewer claims than drivers with lower credit scores.
  • Five star safety rating saves money – Vehicles with high crash test scores are cheaper to insure. Vehicles built for safety reduce the chance of injuries and lower injury rates means your insurance company pays less and thus lower rates. If your Chevy Silverado 1500 has at least an “acceptable” rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website you may pay a lower rate.
  • Where you reside is a factor – Residing in areas with lower population has it’s advantages when it comes to auto insurance. Lower population means a lower chance of having an accident. City drivers have traffic congestion and longer commute times. Longer commute distances means more chances of being involved in an auto accident.
  • Accidents hurt – Attentive drivers get better rates than bad drivers. Having just one driving citation can bump up the cost forty percent or more. Drivers who get multiple citations like DUI or reckless driving may find they need to submit a SR-22 form with their state motor vehicle department in order to legally drive a vehicle.
  • Auto insurance policy lapses increase premiums – Not maintaining insurance is a misdemeanor and you will pay a penalty because you let your insurance coverage expire. In addition to paying higher premiums, getting caught without coverage could result in a fine, jail time, or a revoked license.
  • High coverage deductibles lower prices – Physical damage coverage, termed comprehensive and collision coverage on your policy, helps pay for damage to your vehicle. Some examples of covered claims are colliding with a building, hitting a deer, and burglary. The deductibles state the amount of money the insured will be required to pay if a covered claim is submitted. The more money you’re willing to pay, the less your auto insurance will be on Silverado coverage.

Cheapest insurance coverage quotes

Most companies make it easy to get insurance quotes from their websites. This process is pretty painless because it’s just a matter of typing in the coverage amounts you desire into the form. Once you submit the form, the company’s rating system gets your driving record and credit report and generates a price. This makes it a lot easier to compare rates but the time it takes to visit multiple sites and type in the same information is a big time waster. But it’s very important to have as many quotes as possible if you want to get the best price on insurance coverage.

A more efficient way to lower your rates uses just one form that analyzes rates from several different companies. This type of form saves time, helps eliminate reptitive entry, and makes rate comparisons much more efficient. After your information is entered, your coverage is rated and you can choose any or none of the resulting price quotes.

If one or more price quotes are lower than your current rates, you simply finish the application and purchase coverage. This process takes less than 15 minutes and may result in a nice savings.

To compare rates using this form now, click here to open in new window and begin entering your coverage information. If you currently have coverage, we recommend you complete the form with coverages and limits identical to your current policy. This ensures you will have a fair comparison based on similar coverages.

Misconceptions in insurance coverage advertisements

Consumers can’t avoid all the ads for the lowest price insurance coverage by Progressive, Allstate and GEICO. They all seem to try to convey promises about savings if you get a free insurance quote and switch to them.

But how can every company lower your car insurance rates? Just pay attention to how they say it.

Companies have specific guidelines for the type of driver that will generate a profit. A good example of a desirable risk might have to be over the age of 50, owns their home, and chooses high deductibles. Anybody that hits that “sweet spot” will get the preferred premium rates and will save quite a bit of money when switching.

Drivers who fall short of those standards may be forced to pay higher premiums which leads to the customer buying from a different company. The ads say “drivers that switch” but not “everyone who gets a quote” save that kind of money. This is how companies can truthfully make claims that they all have the best rates.

Because of these techniques, you should get price quotes at each policy renewal. It is impossible to predict which company will have the lowest rate quotes.

Verify you’re earning every discount

Some insurers don’t list every disount available very clearly, so the below list has a few of the more common in addition to some of the lesser obvious credits available to lower your premiums when you buy insurance online.

  • Theft Deterent System – Cars, trucks, and SUVs equipped with anti-theft or alarm systems help deter theft so companies will give you a small discount.
  • Save over 55 – If you’re over the age of 55, you can possibly qualify for a discount up to 10% on Silverado coverage.
  • Life Insurance – Select insurance companies reward you with a discounted insurance coverage rate on car insurance if you buy a life insurance policy as well.
  • Good Students Pay Less – Maintaining excellent grades may save you up to 25%. You can use this discount normally up until you turn 25.
  • Drivers Education – Require your teen driver to sucessfully take a drivers education course as it can save substantially.
  • No Accidents – Good drivers with no accidents get the best insurance coverage rates in comparison with insureds who have frequent claims or accidents.
  • Defensive Driver Discount – Completing a defensive driver class could earn you a small percentage discount and easily recoup the cost of the course.
  • Homeowners Savings – Simply owning a home can get you a discount due to the fact that maintaining a home requires personal responsibility.
  • Lower Rates for Military – Being deployed in the military could qualify you for better premium rates.

It’s important to note that most of the big mark downs will not be given to the entire cost. Most cut individual premiums such as liability and collision coverage. If you do the math and it seems like all the discounts add up to a free policy, it’s just not the way it works.

Companies that may offer policyholders these money-saving discounts are:

When getting free insurance quotes, it’s a good idea to every company how you can save money. Depending on the company, some discounts may not be available in your area. To see insurers that offer discounts, click here.

When should I discuss my situation with an agent?

When it comes to choosing proper insurance coverage for your vehicles, there is no perfect coverage plan. Everyone’s situation is a little different and your policy should reflect that. These are some specific questions might point out whether you would benefit from professional advice.

  • Am I covered when using my vehicle for business?
  • Do I pay less for low miles?
  • Do I benefit by insuring my home with the same company?
  • Why am I required to buy liability insurance?
  • Does my medical payments coverage pay my health insurance deductible?
  • When can I cancel my policy?
  • At what point should I drop full coverage?

If you’re not sure about those questions but one or more may apply to you, you may need to chat with a licensed insurance agent. If you don’t have a local agent, fill out this quick form or you can go here for a list of companies in your area. It’s fast, doesn’t cost anything and may give you better protection.

Auto insurance coverages

Learning about specific coverages of your policy can be of help when determining which coverages you need at the best deductibles and correct limits. The terms used in a policy can be impossible to understand and reading a policy is terribly boring. These are typical coverages available from insurance companies.

Liability auto insurance

Liability insurance can cover injuries or damage you cause to other’s property or people that is your fault. This coverage protects you from legal claims by others. It does not cover your own vehicle damage or injuries.

Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. As an example, you may have values of 25/50/25 which stand for $25,000 in coverage for each person’s injuries, a limit of $50,000 in injury protection per accident, and property damage coverage for $25,000. Occasionally you may see a combined limit which combines the three limits into one amount without having the split limit caps.

Liability can pay for things such as medical expenses, funeral expenses, structural damage and legal defense fees. The amount of liability coverage you purchase is a decision to put some thought into, but consider buying as much as you can afford.

Collision coverage protection

Collision coverage will pay to fix damage to your Silverado 1500 caused by collision with another car or object. You have to pay a deductible then your collision coverage will kick in.

Collision coverage protects against claims such as sustaining damage from a pot hole, driving through your garage door, hitting a parking meter, rolling your car and crashing into a ditch. Collision coverage makes up a good portion of your premium, so consider dropping it from vehicles that are 8 years or older. Another option is to bump up the deductible in order to get cheaper collision rates.

Comprehensive or Other Than Collision

Comprehensive insurance coverage covers damage OTHER than collision with another vehicle or object. You first must pay your deductible and then insurance will cover the rest of the damage.

Comprehensive coverage protects against claims such as rock chips in glass, a broken windshield and hitting a bird. The maximum amount your insurance company will pay is the market value of your vehicle, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.

UM/UIM Coverage

This coverage gives you protection from other drivers when they either are underinsured or have no liability coverage at all. Covered claims include injuries to you and your family as well as damage to your Chevy Silverado 1500.

Due to the fact that many drivers only carry the minimum required liability limits, their limits can quickly be used up. For this reason, having high UM/UIM coverages is important protection for you and your family. Usually these coverages do not exceed the liability coverage limits.

Medical costs insurance

Med pay and PIP coverage reimburse you for immediate expenses for EMT expenses, chiropractic care, funeral costs and pain medications. They are utilized in addition to your health insurance plan or if you do not have health coverage. It covers you and your occupants and also covers if you are hit as a while walking down the street. PIP is only offered in select states and gives slightly broader coverage than med pay

Feed the piggy bank

Cost effective 1999 Chevy Silverado 1500 insurance is definitely available both online and with local insurance agents, and you should be comparing both to have the best selection. A few companies do not provide price quotes online and most of the time these smaller providers prefer to sell through local independent agents.

You just learned a lot of information how to save on 1999 Chevy Silverado 1500 insurance. It’s most important to understand that the more providers you compare, the better likelihood of getting inexpensive insurance. You may even discover the best price on insurance is with an unexpected company. Regional companies often have lower prices on specific markets as compared to the big name companies such as State Farm or Progressive.

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