2007 Chevrolet Silverado 1500HD Classic Car Insurance Rates – 5 Discounts for Cheaper Quotes

Trying to find the cheapest insurance rates for your Chevrolet Silverado 1500HD Classic? Sick and tired of sacrificing to keep your car insured? Your situation is no different than millions of other vehicle owners. Big companies like State Farm, Farmers Insurance, GEICO and Allstate constantly blast consumers with ads and it can be hard to see past the geckos and flying pigs and do the work needed to find the best deal.

Compare quotes for car insurance

Finding a better price on car insurance is actually quite simple. You just have to invest a few minutes comparing rates to find. You can get a good selection of rate quotes in just a few minutes using one of these methods.

Without a doubt, the easiest way to compare a lot of rates at once is an all-inclusive rate comparison click to view form in new window. This method eliminates the need for multiple quote forms for each company you want a rate for. A single, simple form gets you coverage quotes from several companies.

A less efficient way to get comparison quotes requires a trip to the website for each individual company and go through the quote process again. For example, let’s say you want to get rates from GEICO, Esurance and Travelers. In order to compare rates, you need to take the time to go to each site to enter the same coverage data repeatedly, which is why first method is reommended.

For a handy list of car insurance company links in your area, click here.

The most time-consuming way to compare price estimates is driving around to local insurance agencies. Quoting online eliminates this option unless your situation requires the professional abilities of a local agency. It is possible to price shop your coverage online but still have the advice of a local agent.

It’s your choice how you get your quotes, but ensure you’re using the exact same coverage limits and deductibles with every price quote. If you compare different data it will be impossible to make a fair comparison for your Chevy Silverado 1500HD Classic.

Get cheap rates with these five discounts

Some companies don’t always publicize every policy discount very clearly, so the list below gives a summary of both well-publicized and also the lesser-known discounts you could be receiving when you buy insurance coverage online.

  • Full Payment Discount – By paying your entire bill at once as opposed to paying monthly you may reduce your total bill.
  • Buy New and Save – Buying insurance coverage on a new vehicle can save up to 30% because newer models have to meet stringent safety requirements.
  • Federal Employees – Simply working for the federal government could qualify for a slight premium decrease for SilveradoHD Classic insurance depending on your company.
  • Good Grades Discount – Maintaining excellent grades could provide a savings of up to 20% or more. Earning this discount can benefit you well after school through age 25.
  • Sign Online – Some insurance companies will discount your bill up to fifty bucks just for signing your application on the internet.

As a sidenote, some credits don’t apply to all coverage premiums. Most only cut the cost of specific coverages such as comprehensive or collision. So despite the fact that it appears adding up those discounts means a free policy, insurance companies wouldn’t stay in business.

A few popular companies and a partial list of their discounts are detailed below.

  • GEICO discounts include anti-theft, five-year accident-free, good student, military active duty, seat belt use, daytime running lights, and multi-vehicle.
  • Travelers may offer discounts for driver training, payment discounts, multi-car, student away at school, and home ownership.
  • Nationwide may include discounts for defensive driving, family plan, accident-free, good student, and Farm Bureau membership.
  • Farmers Insurance policyholders can earn discounts including multi-car, electronic funds transfer, pay in full, distant student, homeowner, alternative fuel, and bundle discounts.
  • Esurance may have discounts that include homeowner, Pac-12 alumni, good student, multi-policy, and emergency road assistance.
  • State Farm includes discounts for passive restraint, Drive Safe & Save, accident-free, driver’s education, and Steer Clear safe driver discount.
  • Progressive has discounts for online signing, continuous coverage, homeowner, multi-policy, multi-vehicle, online quote discount, and good student.
  • Mercury Insurance offers discounts including anti-theft, type of vehicle, good driver, accident-free, and good student.

If you want cheaper insurance coverage quotes, ask each company or agent how many discounts you can get. Some credits might not apply in every state. If you would like to view insurers that can offer you the previously mentioned discounts, click here to view.

What is the best insurance coverage coverage?

When choosing the best insurance coverage coverage for your vehicles, there isn’t really a cookie cutter policy. Everyone’s situation is unique so your insurance should reflect that These are some specific questions may help you determine if you would benefit from professional advice.

  • Should I buy only the required minimum liability coverage?
  • Is my 2007 Chevy Silverado 1500HD Classic covered for smoke damage?
  • Does my car insurance cover rental cars?
  • Should I buy additional glass protection?
  • Does my policy cover my teen driver if they drive my company car?
  • Am I covered when driving on a suspended license?

If it’s difficult to answer those questions but you know they apply to you, then you may want to think about talking to an insurance agent. To find lower rates from a local agent, simply complete this short form or go to this page to view a list of companies. It is quick, free and may give you better protection.

The largest companies are not always cheapest

Consumers can’t get away from all the ads for the lowest price auto insurance from the likes of GEICO, State Farm and Progressive. All the ads make an identical promise that you can save if you switch to their company.

How is it possible that every company can lower your prices?

Different companies have underwriting criteria for the type of insured that will most likely be profitable. One example of a profitable insured might be described as between the ages of 30 and 45, carries full coverage, and drives a lower-performance vehicle. A customer getting a price quote that matches those criteria gets the lowest prices and as a result will probably save a lot of money.

Drivers who are not a match for those standards will get more expensive rates which results in the customer buying from a different company. The ad wording is “customers that switch” not “everybody who quotes” save that kind of money. That’s why companies can truthfully make those claims. Because each company has a different risk profile, you absolutely need to compare quotes as often as possible. It is impossible to guess the company that will give you lower premium rates than your current company.

Insurance coverage specifics

Having a good grasp of insurance can be of help when determining appropriate coverage and proper limits and deductibles. Insurance terms can be difficult to understand and even agents have difficulty translating policy wording. Listed below are typical coverages offered by insurance companies.

Uninsured/Underinsured Motorist coverage – This coverage protects you and your vehicle’s occupants when the “other guys” either are underinsured or have no liability coverage at all. Covered losses include medical payments for you and your occupants and damage to your Chevy Silverado 1500HD Classic.

Since a lot of drivers only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages is very important.

Medical payments coverage and PIP – Coverage for medical payments and/or PIP provide coverage for short-term medical expenses for things like surgery, hospital visits and doctor visits. They are often used in conjunction with a health insurance policy or if you lack health insurance entirely. It covers you and your occupants in addition to getting struck while a pedestrian. PIP is only offered in select states but it provides additional coverages not offered by medical payments coverage

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

Comprehensive coverage protects against things such as falling objects, hail damage, damage from a tornado or hurricane and damage from getting keyed. The most your insurance company will pay is the actual cash value, so if the vehicle’s value is low it’s not worth carrying full coverage.

Liability – This protects you from damage that occurs to a person or their property. This coverage protects you against other people’s claims. It does not cover your injuries or vehicle damage.

Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see values of 100/300/100 which means a $100,000 limit per person for injuries, a limit of $300,000 in injury protection per accident, and a limit of $100,000 paid for damaged property.

Liability insurance covers things such as attorney fees, bail bonds and medical expenses. The amount of liability coverage you purchase is up to you, but buy as high a limit as you can afford.

Collision coverages – This covers damage to your Silverado 1500HD Classic resulting from colliding with another car or object. A deductible applies then your collision coverage will kick in.

Collision coverage pays for things such as hitting a parking meter, hitting a mailbox and crashing into a ditch. This coverage can be expensive, so consider dropping it from lower value vehicles. Another option is to choose a higher deductible to bring the cost down.

Final considerations

As you prepare to switch companies, you should never buy less coverage just to save a little money. Too many times, an insured dropped physical damage coverage and discovered at claim time that their decision to reduce coverage ended up costing them more. The ultimate goal is to purchase a proper amount of coverage for the lowest cost and still be able to protect your assets.

Cheap 2007 Chevy Silverado 1500HD Classic insurance is attainable from both online companies and also from your neighborhood agents, and you should compare rates from both to have the best chance of lowering rates. Some car insurance companies may not provide internet price quotes and most of the time these smaller providers prefer to sell through independent insurance agents.

For more information, take a look at the resources below: