How Much Does 2000 Chevrolet Silverado 1500 Insurance Cost?

No one rejoices having to buy car insurance, in particular when the prices are way too high. With so many companies and agents to choose from, it can be hard to pick the lowest price insurance company.

Buying car insurance is not rocket science. If you currently have a car insurance policy, you will most likely be able to cut costs considerably using these tips. Consumers only need an understanding of how to compare company rates online.

Where can I get the cheapest auto insurance?

Most major insurance companies provide coverage prices directly from their websites. Comparing prices online is quite simple as you just enter your coverage preferences into the quote form. After you submit the form their rating system pulls your credit score and driving record and provides a quote. Online price estimates 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 waste of time. But it’s also necessary to compare as many rates as possible in order to find better auto insurance pricing.

A less time-consuming method to lower your auto insurance bill is to use a quote form that gets prices from more than one company. The form is fast, eliminates form submissions, and makes price shopping online much more efficient. Immediately after you send the form, it is quoted and you are able to buy any or none of the quote results. If one or more price quotes are lower than your current rates, it’s easy to complete the application and purchase coverage. It can be completed in a matter of minutes and you will find out if you’re overpaying now.

To find out how much you can save on auto insurance, simply click here to open in new window and begin entering your coverage information. If you have your current policy handy, we recommend you copy the limits and deductibles identical to your current policy. This way, you will receive a fair comparison based on identical coverages.

Save money by taking advantage of discounts

Insurance can be prohibitively expensive, but there may be some discounts to help offset the cost. Certain discounts will be triggered automatically when you get a quote, but a few must be specifically requested before you will receive the discount.

  • Seat Belt Discounts – Drivers who require all occupants to buckle up can save 10% or more on the premium charged for medical payments and/or PIP.
  • Discounts for New Vehicles – Putting coverage on a new car can be considerably cheaper since new model year vehicles have better safety ratings.
  • Sign Online – Some of the larger companies will give a small break for buying a policy and signing up on the internet.
  • Clubs and Organizations – Being in a civic or occupational organization could earn you a nice discount on your bill.
  • Anti-theft System – Cars, trucks, and SUVs equipped with tracking devices and advanced anti-theft systems can help prevent theft and qualify for as much as a 10% discount.
  • Braking Control Discount – Vehicles that have anti-lock braking systems are safer to drive and qualify for as much as a 10% discount.
  • Pay Now and Pay Less – If you pay your bill all at once as opposed to paying monthly you could save 5% or more.
  • Bundled Policy Discount – If you can bundle your homeowners and auto insurance with the same company you may earn approximately 10% to 15%.

Just know that most discounts do not apply to the entire policy premium. Some only apply to specific coverage prices like liability, collision or medical payments. Even though it appears adding up those discounts means a free policy, it doesn’t quite work that way. Any amount of discount will cut your auto insurance premiums.

The best auto insurance companies and a selection of discounts are shown below.

  • GEICO offers discounts including multi-vehicle, emergency military deployment, anti-theft, driver training, and air bags.
  • MetLife has savings for good driver, claim-free, accident-free, good student, and multi-policy.
  • Progressive offers premium reductions for multi-policy, continuous coverage, good student, online quote discount, homeowner, online signing, and multi-vehicle.
  • Travelers offers discounts for payment discounts, multi-policy, home ownership, new car, early quote, continuous insurance, and good student.
  • SAFECO may offer discounts for accident prevention training, homeowner, teen safe driver, anti-lock brakes, safe driver, and anti-theft.
  • AAA policyholders can earn discounts including education and occupation, good student, good driver, anti-theft, and pay-in-full.

It’s a good idea to ask each company or agent what discounts are available to you. A few discounts might not apply in your area. To find companies who offer cheap auto insurance quotes, click here to view.

Why your insurance prices might be higher

Lots of things are part of the equation when you quote your car insurance policy. A few of the factors are predictable like an MVR report, but other criteria are less apparent like your vehicle usage or your vehicle rating.

  • Save money by having multiple policies – Most major insurance companies give lower prices for people who have multiple policies with them. It’s known as a multi-policy discount. Discounts can add up to 10 percent or more. Even if you qualify for this discount already, consumers should still compare other company rates to verify if the discount is saving money.
  • Gender and insurance – Over the last 50 years, statistics have shown that females tend to be a little less risky than males. It does not mean men are worse drivers. Both genders tend to get into accidents at about the same rate, but men get into accidents with more damage. Not only that, but men also get cited for more serious violations like reckless driving and DUI.
  • Prevent theft and reduce rates – Choosing a vehicle with a theft deterrent system can earn a premium discount. Theft prevention features such as tamper alarm systems, vehicle immobilizer technology and General Motors OnStar all aid in stopping auto theft.
  • Extra coverages push up rates – Insurance companies have many extra add-on coverages that you can buy but may not be useful. Coverage for things like rental car reimbursement, accidental death, and extra equipment coverage may be wasting your money. These coverages may sound good when discussing your needs, but now you might not need them so eliminate the coverages to reduce your premium.

How much car insurance do I need?

When it comes to buying coverage for your vehicles, there isn’t really a “best” method to buy coverage. Coverage needs to be tailored to your specific needs so this has to be addressed. These are some specific questions may help highlight whether or not you will benefit from professional help.

  • Am I covered if hit by an uninsured driver?
  • Can I get a multi-policy discount for packaging my home and auto coverage?
  • How can I force my company to pay a claim?
  • Does my insurance cover a custom paint job?
  • Am I covered when renting a car or should I buy coverage from the car rental agency?
  • Does coverage extend to my business vehicle?
  • Can I afford to buy a different vehicle if my 2000 Chevy Silverado 1500 is totaled?
  • Am I better off with higher deductibles on my 2000 Chevy Silverado 1500?
  • Do I have any recourse if my insurance company denies a claim?

If you don’t know the answers to these questions, then you may want to think about talking to a licensed agent. If you want to speak to an agent in your area, take a second and complete this form or you can also visit this page to select a carrier It only takes a few minutes and you can get the answers you need.

Smaller companies may have the best rates

Consumers can’t get away from ads that claim the lowest premium rates from companies such as 21st Century, Allstate and State Farm. All the ads tend to make the same promise about savings just by switching your policy.

It sounds good, but how can they all offer drivers better rates? Just pay attention to how they say it.

All the different companies have underwriting criteria for a prospective insured that will not have excessive claims. An example of a profitable insured could be between 25 and 40, has no claims, and has a short commute. Someone who matches those parameters will probably get the lowest prices and most likely will pay quite a bit less when switching companies.

Drivers who don’t measure up to the “perfect” profile may receive higher premiums and the customer buying from someone else. If you listen to the ad wording, they say “customers that switch” but not “everyone who gets a quote” can save as much as they claim. That’s why insurance companies can advertise the way they do. Each company has different criteria, so it’s extremely important to get auto insurance quotes as often as possible. It is impossible to guess which company will provide you with the cheapest rates.

Information about specific coverages

Learning about specific coverages of a insurance policy can be of help when determining appropriate coverage and proper limits and deductibles. The coverage terms in a policy can be confusing and coverage can change by endorsement. Shown next are the normal coverages offered by insurance companies.

Auto liability

Liability insurance provides protection from damages or injuries you inflict on people or other property that is your fault. This coverage protects you against claims from other people, and does not provide coverage for damage sustained by your vehicle in an accident.

Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have policy limits of 100/300/100 that translate to a limit of $100,000 per injured person, a per accident bodily injury limit of $300,000, and property damage coverage for $100,000.

Liability coverage protects against claims such as repair bills for other people’s vehicles, legal defense fees, funeral expenses, structural damage and medical services. The amount of liability coverage you purchase is up to you, but buy as high a limit as you can afford.

Collision protection

Collision coverage pays for damage to your Silverado 1500 resulting from colliding with another car or object. A deductible applies and then insurance will cover the remainder.

Collision insurance covers things like driving through your garage door, hitting a parking meter, crashing into a ditch, sustaining damage from a pot hole and sideswiping another vehicle. Collision is rather expensive coverage, so consider removing coverage from lower value vehicles. It’s also possible to bump up the deductible in order to get cheaper collision rates.

Medical payments and PIP coverage

Med pay and PIP coverage kick in for bills like hospital visits, rehabilitation expenses, surgery and pain medications. They are used to cover expenses not covered by your health insurance policy or if you lack health insurance entirely. They cover all vehicle occupants and will also cover if you are hit as a while walking down the street. PIP coverage is only offered in select states and gives slightly broader coverage than med pay

UM/UIM (Uninsured/Underinsured Motorist) coverage

Uninsured or Underinsured Motorist coverage gives you protection from other drivers when they are uninsured or don’t have enough coverage. Covered claims include injuries to you and your family and damage to your Chevy Silverado 1500.

Due to the fact that many drivers have only the minimum liability required by law, their liability coverage can quickly be exhausted. So UM/UIM coverage is very important.

Comprehensive auto coverage

Comprehensive insurance pays to fix your vehicle from damage that is not covered by collision coverage. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for claims like fire damage, theft and hail damage. The maximum amount your insurance company will pay is the ACV or actual cash value, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Be a money saver!

While you’re price shopping online, it’s very important that you do not buy lower coverage limits just to save a few bucks. Too many times, an insured cut physical damage coverage only to discover later that a couple dollars of savings turned into a financial nightmare. The ultimate goal is to buy a smart amount of coverage at the best price while still protecting your assets.

Affordable 2000 Chevy Silverado 1500 insurance is available on the web in addition to many insurance agents, and you need to price shop both to have the best rate selection. Some insurance companies do not offer online price quotes and usually these small, regional companies sell through independent insurance agents.

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