How Much Does 2007 Chevrolet Silverado 1500 Car Insurance Cost?

Nobody I know looks forward to paying premiums for auto insurance, particularly when the cost is too high. Because there are so many companies to choose from, it can be diffult for drivers to pick the lowest cost auto insurance provider.

It’s a good idea to do price comparisons quite often because auto insurance prices are constantly changing. Despite the fact that you may have had the lowest price on Silverado coverage a couple years back there may be better deals available now. There is a lot of wrong information about auto insurance online but in this article, you’re going to get some guaranteed methods to quit paying high auto insurance rates.

Finding affordable coverage is not that difficult. If you currently have car insurance, you should be able to lower your premiums substantially using these techniques. Consumers only need to know the proper methods to get comparison quotes online.

Good decisions result in lower insurance prices

It’s important that you understand the factors that aid in calculating your premiums. When consumers understand what controls the rates you pay, this enables informed choices that will entitle you to big savings. Many things are part of the equation when you get your auto insurance bill. A few of the factors are predictable such as traffic violations, but some are more transparent like your vehicle usage or your commute time.

  • Married drivers pay less – Having a spouse may save some money on your insurance policy. It demonstrates that you tend to be more responsible and it’s statistically proven that drivers who are married file infrequent claims.
  • More annual miles equals more premium – Driving more miles in a year’s time the more it will cost to insure it. Most insurance companies calculate prices based on how the vehicle is used. Autos that sit idle most of the time receive better premium rates than those used for commuting. It’s a smart idea to ensure your vehicle rating reflects how each vehicle is driven. Having an incorrect usage rating on your Silverado 1500 may be costing you higher rates.
  • Use one insurance company and save – The majority of insurers give discounts to buyers who have multiple policies with them such as combining an auto and homeowners policy. Even though this discount sounds good, it’s in your best interest to compare other company rates to confirm you are receiving the best rates possible. Drivers may still find better rates by buying from different companies
  • Adjust physical damage deductibles and save – Comprehensive and collision coverage deductibles state the amount of money the insured will be required to pay before your insurance pays a claim. Coverage for physical damage, termed comprehensive and collision coverage on your policy, insures against damage to your car. Some examples of claims that would be covered are colliding with a stationary object, hail damage, and damage caused by road hazards. The more money you’re willing to pay, the less your company will charge you for insurance on Silverado coverage.
  • Safer vehicles are cheaper to insure – Vehicles that have high safety ratings get lower rates. These vehicles protect occupants better and lower injury rates translates into fewer and smaller insurance claims and thus lower rates.

Free insurance coverage price quotes

Finding more affordable 2007 Chevy Silverado 1500 insurance coverage quotes isn’t really that difficult. The only thing you need to do is spend a few minutes on the computer to get quotes to see which company has cheap car insurance quotes. It’s really simple and can be done in several different ways.

  • One of the best ways to get quotes is an all-inclusive rate comparison click to view form in new window. This form keeps you from doing a different quote for every company. Taking the time to complete one form will get you price quotes instantly.
  • A more time consuming way to get comparison quotes is to take the time to go to each company’s website to complete their respective quote request forms. For example, we’ll pretend you want to compare rates from Farmers, Progressive and American Family. To find out each rate you need to go to each individual site and type in your information over and over, which is not fast way to get rate quotes.

    For a list of links to insurance companies in your area, click here.

Take whichever approach you prefer, but be sure to compare the same coverages for each comparison quote. If you enter unequal deductibles or liability limits it’s impossible to decipher which rate is best.

The ad said I’d save $442 a year!

Consumers constantly see and hear ads for auto insurance savings from the likes of State Farm, GEICO and Progressive. All the companies make an identical promise about saving some big amount after switching your coverage.

How does every auto insurance company have lower policy pricing? It’s all in the wording.

All the different companies provide the lowest rates for the driver that earns them a profit. An example of a profitable insured may need to be between 25 and 40, has few claims, and drives a safe vehicle. A driver who matches that profile will get very good rates as well as save a lot of money.

Potential customers who don’t qualify for the ideal profile will get a more expensive rate which results in the customer buying from a different company. Company advertisements say “customers that switch” but not “everyone who gets a quote” save that much when switching. That is how companies can make those claims. Each company has different criteria, so you need to get a wide range of price quotes. It is impossible to predict the company that will provide you with the cheapest rates.

Get lower rates with these insurance discounts

Some insurance providers don’t always publicize the complete list of policy discounts very clearly, so the list below gives a summary of a few of the more common as well as some of the hidden credits available to lower your premiums when you buy car insurance online.

  • Drive Safe and Save – Accident-free drivers may save up to 50% more on Silverado coverage compared to accident prone drivers.
  • No Claim Discounts – Drivers with accident-free driving histories are rewarded with significantly better rates on car insurance quote when compared to policyholders that have many claims.
  • Professional Organizations – Being in qualifying employment or professional organizations is a good way to get lower rates on your next insurance statement.
  • Resident Student – Older children who are enrolled in higher education away from home and do not take a car to college can receive lower rates.
  • Discounts for New Vehicles – Buying a new car instead of a used car may earn a small discount since new model year vehicles have better safety ratings.

A little note about advertised discounts, most credits do not apply to all coverage premiums. Most only cut the price of certain insurance coverages like medical payments or collision. Even though the math looks like you could get a free insurance policy, it just doesn’t work that way. But all discounts will definitely lower your overall premium however.

A few popular companies and some of the premium reductions they offer are:

  • Progressive may have discounts that include online signing, homeowner, continuous coverage, multi-vehicle, and multi-policy.
  • The Hartford offers discounts for anti-theft, air bag, driver training, defensive driver, and good student.
  • Mercury Insurance may offer discounts for type of vehicle, location of vehicle, multi-policy, ease of repair, low natural disaster claims, professional/association, and multi-car.
  • GEICO offers premium reductions for anti-theft, military active duty, good student, air bags, emergency military deployment, and defensive driver.
  • AAA has discounts for anti-theft, multi-policy, good driver, good student, education and occupation, multi-car, and pay-in-full.
  • State Farm includes discounts for Steer Clear safe driver discount, passive restraint, anti-theft, multiple policy, student away at school, and driver’s education.

If you are trying to find affordable car insurance quotes, ask all companies you are considering which discounts can lower your rates. Savings may not be offered in every state. To choose insurance companies with discount insurance rates, click here.

Car insurance can get complicated

When it comes to buying the best car insurance coverage for your personal vehicles, there really is not a “best” method to buy coverage. Everyone’s situation is unique so this has to be addressed. For example, these questions may help highlight if your insurance needs might need professional guidance.

  • Are split liability limits better than a combined single limit?
  • Do I have coverage when making deliveries for my home business?
  • How much underlying liability do I need for an umbrella policy?
  • Does insurance cover damages from a DUI accident?
  • Can I pay claims out-of-pocket if I buy high deductibles?
  • Why do I only qualify for high-risk insurance?
  • Why am I required to get a high-risk car insurance policy?
  • Is my teen driver covered when they drive my company car?

If you’re not sure about those questions but you think they might apply to your situation then you might want to talk to an insurance agent. To find lower rates from a local agent, take a second and complete this form or go to this page to view a list of companies. It’s fast, free and you can get the answers you need.

Insurance coverage basics

Having a good grasp of your insurance policy helps when choosing which coverages you need for your vehicles. Policy terminology can be difficult to understand and reading a policy is terribly boring. Below you’ll find typical coverages available from insurance companies.

Collision protection

This coverage will pay to fix damage to your Silverado 1500 resulting from colliding with another vehicle or an object, but not an animal. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision coverage pays for claims such as rolling your car, sustaining damage from a pot hole, crashing into a ditch, crashing into a building and sideswiping another vehicle. This coverage can be expensive, so you might think about dropping it from vehicles that are 8 years or older. You can also increase the deductible to save money on collision insurance.

Liability coverage

Liability insurance provides protection from damage that occurs to a person or their property. This coverage protects you against other people’s claims. Liability doesn’t cover damage to your own property or vehicle.

It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show policy limits of 100/300/100 that translate to a limit of $100,000 per injured person, a limit of $300,000 in injury protection per accident, and property damage coverage for $100,000.

Liability coverage protects against things such as loss of income, bail bonds, pain and suffering and legal defense fees. How much liability should you purchase? That is up to you, but you should buy higher limits if possible.

Medical expense coverage

Medical payments and Personal Injury Protection insurance pay for bills like doctor visits, rehabilitation expenses, funeral costs, nursing services and ambulance fees. They can be used to fill the gap from your health insurance plan or if you are not covered by health insurance. Medical payments and PIP cover both the driver and occupants and will also cover getting struck while a pedestrian. PIP is not universally available and gives slightly broader coverage than med pay

Comprehensive protection

Comprehensive insurance coverage pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against things like hitting a bird, hitting a deer, fire damage and damage from flooding. The maximum payout you can receive from a comprehensive claim is the cash value of the vehicle, so if the vehicle is not worth much it’s not worth carrying full coverage.

Uninsured or underinsured coverage

This coverage provides protection from other motorists when they either are underinsured or have no liability coverage at all. It can pay for injuries sustained by your vehicle’s occupants and damage to your Chevy Silverado 1500.

Since a lot of drivers have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important.

Have money to burn

You just read many ideas to save on 2007 Chevy Silverado 1500 insurance. The key concept to understand is the more times you quote, the more likely it is that you will get a better rate. Drivers may discover the biggest savings come from a company that doesn’t do a lot of advertising. These companies often have lower auto insurance rates on specific markets than their larger competitors like Progressive or GEICO.

Budget-friendly car insurance can be bought both online and with local insurance agents, so you should compare both in order to have the best chance of saving money. Some companies may not provide price quotes online and these small insurance companies only sell coverage through independent agents.

As you prepare to switch companies, it’s very important that you do not reduce needed coverages to save money. There are too many instances where someone sacrificed liability limits or collision coverage and found out when filing a claim that their decision to reduce coverage ended up costing them more. The goal is to buy the best coverage you can find at the best price.

Helpful information