2004 Chevrolet Silverado 1500 Insurance Rates

Looking for better insurance coverage rates for your Chevrolet Silverado 1500? Purchasing budget-priced insurance coverage on the web may at first seem to be intimidating for beginners to comparing rates and buying insurance coverage online. With dozens of insurers to choose from, how are people able to have a chance to compare them all to find the lowest price?

It’s smart to compare premium rates before your policy renews due to the fact that insurance prices go up and down regularly. Just because you had the best deal on Silverado coverage last year the chances are good that you can find a lower rate today. Block out anything you think you know about insurance coverage because it’s time to teach you the best way to remove unneeded coverages and save money.

Lower rates by qualifying for discounts

Companies that sell car insurance don’t always publicize their entire list of discounts in an easy-to-find place, so the below list has both the well known and also the more inconspicuous credits available to bring down your rates.

  • ABS Brakes – Anti-lock brake equipped vehicles have fewer accidents and earn discounts up to 10%.
  • Discount for Passive Restraints – Vehicles equipped with air bags or automatic seat belts can qualify for discounts as much as 30%.
  • Early Switch Discount – Some larger companies reward drivers for buying a policy prior to your current policy expiring. You could save around 10% when you buy car insurance online.
  • Distant Student – Children who are enrolled in higher education away from home and do not have access to a covered vehicle can receive lower rates.
  • Discount for Life Insurance – Select companies reward you with a small discount if you purchase some life insurance in addition to your auto policy.
  • Full Payment Discount – If paying your policy premium upfront rather than spreading payments over time you can avoid monthly service charges.
  • Senior Citizens – Older drivers could receive reduced rates on Silverado coverage.
  • Low Mileage – Fewer annual miles on your Chevy may allow you to get substantially lower rates.
  • Safety Restraint Discount – Forcing all vehicle occupants to wear their seat belts can save up to 15% off PIP or medical payments premium.
  • Bundled Policy Discount – When you combine your auto and home insurance and insure them with the same company they may give you a discount of approximately 10% to 15%.

While discounts sound great, it’s important to understand that some of the credits will not apply to the entire policy premium. Most cut individual premiums such as liability and collision coverage. So despite the fact that it appears you would end up receiving a 100% discount, it’s just not the way it works.

Companies that may include these money-saving discounts include:

If you want cheaper car insurance quotes, ask each insurance company how you can save money. Savings might not be offered in every state. To see a list of companies that offer multiple discounts, click this link.

Compare insurance quotes online

Comparing insurance rates can be exhausting if you don’t utilize the easiest way. You can waste hours talking about coverages with local insurance agents in your area, or you can utilize online quoting to achieve your goal.

Most car insurance companies belong to an insurance system that enables customers to send in one quote, and at least one company returns a rated price for coverage. This saves time by eliminating quote requests to each individual insurance company.

To fill out one form to compare multiple rates now click here to open in new window.

The only downside to getting quotes like this is you can’t choose the insurers to receive prices from. So if you prefer to choose individual companies to receive pricing from, we have a page of insurance companies in your area. Click here for list of insurance companies.

Whichever way you choose to compare rates, compare nearly identical coverage information on every price quote you get. If you are comparing differing limits you will not be able to make a fair rate comparison. Quoting even small variations in insurance coverages or limits could skew the results. Just remember that comparing a wide range of rates helps locate a lower rate.

Car insurance is unique, just like you

When it comes to choosing proper insurance coverage, there really is no “perfect” insurance plan. Each situation is unique.

For instance, these questions could help you determine if your insurance needs might need professional guidance.

  • I have good health insurance, so how much medical payments coverage do I need?
  • Am I insured when driving a different vehicle?
  • Do I have coverage if my license is suspended?
  • What can I do if my company denied a claim?
  • Will I be non-renewed for getting a DUI or other conviction?
  • What are the best liability limits?
  • Do I need more liability coverage?
  • Is business equipment covered while in my vehicle?

If it’s difficult to answer those questions, you may need to chat with an agent. If you don’t have a local agent, take a second and complete this form.

Coverage specifics

Knowing the specifics of your policy can be of help when determining appropriate coverage and the correct deductibles and limits. Policy terminology can be impossible to understand and nobody wants to actually read their policy.

Comprehensive or Other Than Collision – This coverage covers damage from a wide range of events other than collision. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against things such as damage from flooding, hitting a bird, hitting a deer, fire damage and vandalism. The highest amount your insurance company will pay is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.

UM/UIM Coverage – This coverage provides protection when the “other guys” either have no liability insurance or not enough. Covered claims include hospital bills for your injuries and damage to your Chevy Silverado 1500.

Since many drivers carry very low liability coverage limits, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is important protection for you and your family. Usually your uninsured/underinsured motorist coverages are set the same as your liablity limits.

Coverage for liability – Liability insurance will cover damages or injuries you inflict on other’s property or people that is your fault. This insurance protects YOU from legal claims by others, and doesn’t cover damage sustained by your vehicle in an accident.

It consists of three 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 which means $100,000 bodily injury coverage, a limit of $300,000 in injury protection per accident, and a limit of $100,000 paid for damaged property. Alternatively, you may have one number which is a combined single limit which provides one coverage limit and claims can be made without the split limit restrictions.

Liability coverage pays for claims like pain and suffering, repair costs for stationary objects and medical services. How much liability should you purchase? That is a decision to put some thought into, but you should buy as large an amount as possible.

Medical costs insurance – Med pay and PIP coverage provide coverage for expenses for things like surgery, dental work and nursing services. They can be used in conjunction with a health insurance program or if you do not have health coverage. Coverage applies to all vehicle occupants as well as getting struck while a pedestrian. Personal Injury Protection is not an option in every state but can be used in place of medical payments coverage

Collision coverage – Collision insurance pays to fix your vehicle from damage resulting from colliding with another vehicle or an object, but not an animal. You have to pay a deductible then your collision coverage will kick in.

Collision can pay for things like damaging your car on a curb, backing into a parked car, scraping a guard rail and hitting a parking meter. Collision coverage makes up a good portion of your premium, so consider removing coverage from lower value vehicles. You can also raise the deductible to get cheaper collision coverage.

In conclusion

When searching for cheap car insurance quotes, make sure you don’t buy poor coverage just to save money. In many instances, an insured dropped comprehensive coverage or liability limits only to regret at claim time that their decision to reduce coverage ended up costing them more. Your objective should be to find the BEST coverage for the lowest cost but still have enough coverage for asset protection.

Cheaper car insurance is available from both online companies in addition to many insurance agents, so get free car insurance quotes from both of them to have the best selection. A few companies may not offer rate quotes online and usually these regional carriers provide coverage only through independent insurance agents.

In this article, we presented many tips how you can save on 2004 Chevy Silverado 1500 insurance. The most important thing to understand is the more price quotes you have, the better chance you’ll have of finding cheaper car insurance. Consumers may even find the best price on car insurance is with some of the smallest insurance companies.

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