Lower Your 2010 Chevrolet Silverado 1500 Car Insurance Cost

Searching for the cheapest auto insurance rates for your Chevrolet Silverado 1500? Are you at wits end from scraping nickels together to insure your Chevy every month? Your situation is no different than many other consumers. There is such a variety of car insurance companies to insure vehicles with, and although it’s nice to have a selection, too many choices makes it more difficult to compare rates and find the lowest cost auto insurance.

It’s a good idea to check auto insurance prices before your policy renews because prices are rarely the same from one policy term to another. Just because you found the lowest price on Silverado coverage a couple years back you can probably find a better rate quote now. Ignore everything you know about auto insurance because I’m going to let you in on the secrets to how to quote online to buy cheaper auto insurance.

Choosing the best insurance company for you is not rocket science. If you have insurance now or are shopping for new coverage, you can follow these tips to get lower rates and possibly find even better coverage. Consumers only need an understanding of the most effective way to shop their coverage around online.

Insurance premiums are influenced by these factors

Lots of factors are part of the equation when premium rates are determined. Some factors are common sense like your driving record, but other criteria are not as apparent like your vehicle usage or your financial responsibility.One of the most helpful ways to save on insurance coverage is to to have a grasp of the rating factors that come into play when calculating your premiums. If you understand what controls the rates you pay, this allows you to make educated decisions that can help you get lower premium levels.

The factors shown below are some of the items utilized by car insurance companies to help set rates.

  • Policy add-ons could be costing you – There are a ton of optional add-on coverages that may not really be needed if you aren’t careful. Coverage for things like coverage for rental cars, towing coverage, and extra life insurance coverage are probably not needed. These coverages may sound good initially, but your needs may have changed so remove them from your policy.
  • Where you call home plays a part – Living in a rural area is a positive aspect when buying insurance coverage. Fewer drivers translates into fewer accident claims and also fewer theft and vandalism claims. City drivers regularly have much more traffic and more time behind the wheel. Spending more time driving means more chances of being involved in an auto accident.
  • Lower physical damage deductibles cost more – Physical damage protection, also known as collision and other-than-collision, protects your Chevy from damage. A few examples of covered claims could be running into the backend of another car, damage from fire, and damage caused by flying debris. Deductibles for physical damage are how much you are required to spend in the event of a claim. The more damage repair cost you choose to pay out-of-pocket, the less your company will charge you for insurance on Silverado coverage.
  • Use but don’t abuse your insurance – If you are the type of insured that files lots of claims you can expect much higher rates or policy non-renewal. Insurance companies provide the lowest premiums to insureds who are claim-free. Auto insurance is meant to be used in the event of the large, substantial claims.
  • Teen drivers pay more – Mature drivers are viewed as being more responsible, statistically cause fewer accidents , and are generally more financially stable.Drivers with little experience are proven to be easily distracted in a vehicle therefore insurance coverage rates are much higher.
  • Bad drivers pay high prices – Being a careful driver has a huge affect on how much you pay. Only having one chargable violation may cause rates to rise by twenty percent. Drivers who don’t get tickets get better prices than bad drivers. Drivers unfortunate enough to have careless violations such as DUI or willful reckless driving may be required to submit a SR-22 or proof of financial responsibility with their state motor vehicle department in order to prevent their license from being revoked.
  • Optional features that lower rates – Purchasing a vehicle with a theft deterrent system can help lower your premiums. Theft prevention devices such as GM’s OnStar, tamper alarm systems and vehicle immobilizers help track and prevent your vehicle from being stolen.
  • Cars with good safety ratings lower rates – Safer cars tend to have lower insurance rates. Safer cars reduce occupant injuries and lower injury rates translates into fewer and smaller insurance claims which can mean better rates for you.

Save a ton with these discounts

Insurance coverage can be pricey, but you might find some hidden discounts that you may not know about. A few discounts will be applied when you quote, but some may not be applied and must be asked about before they will apply. If you don’t get every credit possible, you’re just leaving money on the table.

  • Own a Home and Save – Owning a home may trigger a policy discount on insurance coverage since home ownership is proof that your finances are in order.
  • Club Memberships – Belonging to a qualifying organization is a simple method to lower premiums on your next renewal.
  • Discount for Life Insurance – Not all insurance carriers offer life insurance, but some may give you lower premium rates if you buy some life insurance in addition to your auto policy.
  • Good Grades Discount – Performing well in school can get you a discount of up to 25%. The good student discount can last until age 25.
  • Senior Discount – Mature drivers could receive a discount up to 10% on Silverado coverage.
  • Early Signing – Select larger companies give a discount for buying a new policy before your current expiration date. You can save around 10% with this discount.
  • Discounts for New Vehicles – Insuring a new car can cost up to 25% less because newer models are generally safer.
  • Discount for Low Mileage – Low annual miles could qualify for lower insurance coveragerates on the low mileage vehicles.
  • Theft Deterent – Anti-theft and alarm system equipped vehicles prevent vehicle theft and that can save you a little bit as well.

As a disclaimer on discounts, some of the credits will not apply the the whole policy. A few only apply to the price of certain insurance coverages like medical payments or collision. Despite the appearance that you can get free auto insurance, you won’t be that lucky.

Companies and some of the discounts are detailed below.

  • Mercury Insurance discounts include anti-theft, age of vehicle, multi-policy, multi-car, good student, and type of vehicle.
  • Farmers Insurance offers discounts including teen driver, business and professional, distant student, switch companies, pay in full, and alternative fuel.
  • Farm Bureau includes discounts for good student, multi-policy, driver training, youthful driver, and renewal discount.
  • State Farm has savings for student away at school, Drive Safe & Save, safe vehicle, good student, and multiple autos.
  • Allstate policyholders can earn discounts including economy car, EZ pay plan discount, anti-theft, senior citizen, new car, utility vehicle, and multi-policy.
  • GEICO offers discounts for daytime running lights, emergency military deployment, good student, military active duty, multi-vehicle, and five-year accident-free.

It’s a good idea to ask every prospective company which credits you are entitled to. Some discounts may not apply in every state. To see a list of insurers who offer free insurance coverage quotes, click here.

Insurance coverage can be complex

When it comes to choosing proper insurance coverage for your personal vehicles, there really is not a one size fits all plan. Your needs are not the same as everyone else’s so your insurance should reflect that For example, these questions can help discover if your insurance needs might need professional guidance.

  • Can I pay claims out-of-pocket if I buy high deductibles?
  • What can I do if my company denied a claim?
  • Does having multiple vehicles earn me a discount?
  • Why is insurance for a teen driver so high?
  • Exactly who is provided coverage by my policy?
  • Do I get a pro-rated refund if I cancel my policy early?
  • Am I covered if I crash into my own garage door?
  • What is roadside assistance coverage?
  • Is extra glass coverage worth it?
  • Do I need more liability coverage?

If you’re not sure about those questions but a few of them apply, you may need to chat with a licensed insurance agent. To find an agent in your area, take a second and complete this form or you can go here for a list of companies in your area. It is quick, free and can help protect your family.

Car insurance 101

Learning about specific coverages of a car insurance policy can be of help when determining appropriate coverage and proper limits and deductibles. Policy terminology can be impossible to understand and reading a policy is terribly boring. Listed below are typical coverage types available from car insurance companies.

Uninsured or underinsured coverage

Uninsured or Underinsured Motorist coverage protects you and your vehicle from other drivers when they are uninsured or don’t have enough coverage. Covered losses include medical payments for you and your occupants and damage to your Chevy Silverado 1500.

Because many people carry very low liability coverage limits, their limits can quickly be used up. For this reason, having high UM/UIM coverages is a good idea.

Medical expense coverage

Med pay and PIP coverage reimburse you for short-term medical expenses for things like ambulance fees, EMT expenses, pain medications, funeral costs and chiropractic care. They are often utilized in addition to your health insurance policy or if there is no health insurance coverage. They cover you and your occupants and will also cover if you are hit as a while walking down the street. Personal injury protection coverage is not an option in every state and may carry a deductible

Coverage for collisions

This coverage will pay to fix damage to your Silverado 1500 resulting from colliding with another car or object. A deductible applies then your collision coverage will kick in.

Collision coverage pays for things like driving through your garage door, rolling your car and scraping a guard rail. Collision coverage makes up a good portion of your premium, so consider dropping it from vehicles that are 8 years or older. Another option is to raise the deductible to bring the cost down.

Liability

Liability coverage can cover damages or injuries you inflict on people or other property by causing an accident. It protects you against other people’s claims. It does not cover your own vehicle damage or injuries.

It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see limits of 25/50/25 which stand for $25,000 in coverage for each person’s injuries, a per accident bodily injury limit of $50,000, and a limit of $25,000 paid for damaged property.

Liability insurance covers claims such as emergency aid, medical expenses, attorney fees, bail bonds and funeral expenses. How much liability coverage do you need? That is a decision to put some thought into, but you should buy higher limits if possible.

Comprehensive protection

Comprehensive insurance coverage pays for damage OTHER than collision with another vehicle or object. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive insurance covers claims like theft, vandalism, rock chips in glass, hail damage and fire damage. The most you’ll receive from a claim 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.

Buy Smart and Save

We’ve covered a lot of information how to shop for 2010 Chevy Silverado 1500 insurance online. The key thing to remember is the more companies you get prices for, the better likelihood of getting affordable insurance. You may be surprised to find that the best premium rates are with a smaller regional carrier. Some small companies may have significantly lower prices on certain market segments compared to the large companies like State Farm and Allstate.

While you’re price shopping online, make sure you don’t reduce coverage to reduce premium. There have been many cases where someone dropped uninsured motorist or liability limits and found out when filing a claim that the small savings ended up costing them much more. The aim is to find the BEST coverage at the best cost while still protecting your assets.

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