2007 Chevrolet Silverado 1500 Classic Insurance Quotes – 9 Ways to Save

Trying to find the cheapest insurance for a Chevy Silverado 1500 Classic can normally be difficult, but you can learn the following methods to save time.

There are both good and bad ways to find car insurance online and you need to know the quickest way to price shop coverage on a Chevy and obtain the lowest possible price either online or from local insurance agents.

If you have a policy now or need new coverage, you can use these tips to find better prices while maintaining coverages. Locating affordable insurance coverage coverage is easy if you know what you’re doing. Vehicle owners just need to know how to compare rates over the internet.

Compare car insurance rates

Reducing your 2007 Chevy Silverado 1500 Classic insurance rates is actually quite simple. All that’s required is to spend a few minutes on the computer comparing free auto insurance quotes to discover which company has affordable auto insurance quotes. This is very easy and can be done by following the guidelines below.

  • The recommended way to get quotes is a comparison rater form (click to open form in new window). This form eliminates the need for boring form submissions for each price estimate. In just a few minutes this one form gets you coverage quotes from car insurance companies with the best prices. It’s definitely the quickest method.
  • A slightly less efficient method to shop for car insurance online is to take the time to go to the website for each individual company and complete a new quote form. For example, let’s say you need rates from Farmers, 21st Century and GEICO. You would need to navigate to each company’s site to input your insurance information, and that explains why we recommend the first method. For a list of links to companies insuring cars in your area, click here.
  • The least efficient and most time consuming way to compare price quotes to different agent offices. The ability to get quotes online makes this process obsolete unless you want the professional guidance that you can only get from talking to an agent. Although you can price shop online but have a local agent actually write the policy.

Which method you use is up to you, but compare exactly the same coverage limits for every quote you compare. If each company quotes different coverage information it will be nearly impossible to determine which rate is truly the best.

Nine discounts for cheaper car insurance rates

Car insurance companies do not advertise every possible discount in an easy-to-find place, so here is a list some of the best known and also the more inconspicuous credits that you can use to lower your rates. If they aren’t giving you every credit possible, you are paying more than you should be.

  • Distant Student Discount – Kids who are attending college and do not have access to a covered vehicle may qualify for this discount.
  • Discount for Life Insurance – Not all companies offer life insurance, but some may give you a discounted price on car insurance if you buy some life insurance in addition to your auto policy.
  • ABS Brakes – Cars that have anti-lock braking systems are much safer to drive and qualify for as much as a 10% discount.
  • Senior Citizens – If you’re over the age of 55, you could receive a small decrease in premiums on Silverado Classic insurance.
  • Employee of Federal Government – Active or retired federal employment may qualify for a discount when you quote auto insurance on Silverado Classic insurance with select insurance companies.
  • First Accident Forgiveness – Not a discount per se, but companies like Liberty Mutual, Allstate and State Farm allow you one accident before your rates go up if you have no claims for a set time period.
  • Driver Education Discount – Teen drivers should participate in a local driver’s education class in school or through a local driver safety program.
  • Data Collection Discounts – People who choose to allow their insurance company to monitor their driving habits by installing a telematics device like Drivewise from Allstate or In-Drive from State Farm may see discounts as long as they are good drivers.
  • Low Mileage – Maintaining low annual mileage could earn better rates on cars that stay parked.

Remember that most discount credits are not given to all coverage premiums. Most only apply to the price of certain insurance coverages like medical payments or collision. So despite the fact that it appears all the discounts add up to a free policy, car insurance companies aren’t that generous.

Insurance companies that may offer policyholders these benefits include:

Check with every insurance company which discounts you may be entitled to. All car insurance discounts may not apply to policyholders in your area. To view insurers with the best car insurance discounts, click here.

You may need specialized insurance coverage coverage

When it comes to buying adequate coverage for your vehicles, there really is not a single plan that fits everyone. Every situation is different.

These are some specific questions may help highlight if your insurance needs would benefit from professional advice.

  • How high should my uninsured/underinsured coverage be in my state?
  • Do I pay less for low miles?
  • I have good health insurance, so how much medical payments coverage do I need?
  • Exactly who is provided coverage by my policy?
  • Can I get a multi-policy discount?
  • What is no-fault insurance?
  • I have a DUI can I still get coverage?
  • Why am I required to get a high-risk car insurance policy?
  • What if I owe more than I can insure my car for?

If you’re not sure about those questions but one or more may apply to you, you may need to chat with an insurance agent. To find lower rates from a local agent, simply complete this short form. It’s fast, free and can provide invaluable advice.

Coverages available on your policy

Learning about specific coverages of your insurance policy aids in choosing the best coverages at the best deductibles and correct limits. The terms used in a policy can be ambiguous and coverage can change by endorsement.

Insurance for medical payments – Coverage for medical payments and/or PIP kick in for short-term medical expenses for things like pain medications, rehabilitation expenses, dental work and chiropractic care. The coverages can be used in conjunction with a health insurance policy or if there is no health insurance coverage. They cover you and your occupants as well as getting struck while a pedestrian. Personal injury protection coverage is not available in all states and may carry a deductible

Auto liability – This provides protection from injuries or damage you cause to people or other property that is your fault. Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show values of 25/50/25 which stand for $25,000 in coverage for each person’s injuries, a total of $50,000 of bodily injury coverage per accident, and $25,000 of coverage for damaged propery. Occasionally you may see a combined limit which combines the three limits into one amount rather than limiting it on a per person basis.

Liability coverage pays for claims such as structural damage, pain and suffering and attorney fees. How much liability should you purchase? That is a personal decision, but buy as much as you can afford.

Comprehensive coverage (or Other than Collision) – This coverage covers damage from a wide range of events other than collision. You first must pay your deductible and then insurance will cover the rest of the damage.

Comprehensive coverage protects against claims such as damage from a tornado or hurricane, damage from flooding and a tree branch falling on your vehicle. The highest amount you can receive from a comprehensive claim is the actual cash value, so if the vehicle’s value is low it’s not worth carrying full coverage.

Collision coverage – Collision coverage pays to fix your vehicle from damage caused by collision with an object or car. You will need to pay your deductible and then insurance will cover the remainder.

Collision coverage protects against things like hitting a mailbox, backing into a parked car and colliding with a tree. Collision coverage makes up a good portion of your premium, so you might think about dropping it from vehicles that are 8 years or older. You can also bump up the deductible to save money on collision insurance.

Uninsured Motorist or Underinsured Motorist insurance – Uninsured or Underinsured Motorist coverage provides protection from other motorists when they do not carry enough liability coverage. This coverage pays for injuries to you and your family as well as damage to your Chevy Silverado 1500 Classic.

Due to the fact that many drivers carry very low liability coverage limits, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage should not be overlooked. Normally these coverages do not exceed the liability coverage limits.