2014 Chevrolet Silverado 1500 Insurance Quotes – 10 Ideas for Cheapest Rates

Want lower auto insurance rates for your Chevrolet Silverado 1500? When shopping for more affordable insurance, are you baffled by the crazy number of auto insurance sources available to you? You have so many choices that it can easily turn into a lot of work to find better rates.

It’s smart to do price comparisons yearly because auto insurance prices change frequently. Despite the fact that you may have had the best quotes on Silverado insurance last year there may be better deals available now. You can find a lot of wrong information about auto insurance out there, but in this article, you’re going to get some of the best ways to stop overpaying for insurance.

More affordable rates by taking advantage of these ten discounts

Some companies don’t necessarily list every possible discount very well, so the next list breaks down a few of the more well known as well as the least known credits available to lower your premiums when you buy insurance online.

  • Accident Forgiveness – Not a discount per se, but some companies like Liberty Mutual, Allstate and State Farm may permit one accident without the usual rate increase with the catch being you have to be claim-free prior to the accident.
  • Drive Safe and Save – Safe drivers can pay as much as 50% less on Silverado insurance than less cautious drivers.
  • Multi-line Discount – Select companies reward you with better insurancerates if you take out some life insurance too.
  • Theft Prevention Discount – Vehicles equipped with anti-theft or alarm systems prevent vehicle theft and can earn a small discount on your policy.
  • Policy Bundle Discount – If you can combine your auto and home policy and insure them with the same company you will save nearly 15% which can help you find cheaper insurance.
  • Drive Less and Save – Fewer annual miles on your Chevy could qualify for lower prices on the low mileage vehicles.
  • Early Payment Discounts – If you pay your bill all at once instead of monthly or quarterly installments you can avoid the installment charge.
  • Employee of Federal Government – Having worked for a branch of the government could provide a small rate reduction on Silverado insurance with a few insurance companies.
  • Mature Driver Discount – Seniors can get a small decrease in premiums on Silverado insurance.
  • Distant Student – who are enrolled in higher education away from home and don’t have a car can be insured at a reduced rate.

While discounts sound great, it’s important to understand that some of the credits will not apply the the whole policy. Most only apply to the cost of specific coverages such as medical payments or collision. So even though you would think having all the discounts means you get insurance for free, companies don’t profit that way.

Car insurance companies that possibly offer some of the above discounts include:

When getting free insurance quotes, it’s a good idea to every insurance company which discounts you qualify for. Some discounts may not apply in your state. To see insurance companies that offer the discounts shown above, click here to view.

Ways to get insurance quotes

Many insurance companies give pricing on the web. Obtaining pricing doesn’t take much effort as all you need to do is type in your required coverages as detailed in the form. Behind the scenes, the quote system requests your driving record and credit report and gives you a price quote based on many factors.

Online quotes makes it easy to compare insurance prices but the work required to visit different websites and enter the same data into a form is not the best way to spend an afternoon. Unfortunately, it is important to have as many quotes as possible in order to get a better rate.

There is a better way!

A more efficient way to lower your rates requires only one form that gets price quotes from multiple companies. The form is fast, eliminates form submissions, and makes price shopping online much simpler. Immediately after you send the form, it is rated with multiple companies and you can pick any or none of the returned quotes.

If you find a better price you simply finish the application and purchase coverage. It takes less than 15 minutes and you’ll know if lower rates are available.

To find out what other companies charge, simply click here to open in new window and complete the simple form. If you currently have coverage, we recommend that you enter the insurance coverages identical to your current policy. Doing this assures you will get an apples-to-apples comparison based on identical coverages.

How much car insurance do I need?

When it comes to buying the best car insurance coverage, there really is not a cookie cutter policy. Your needs are not the same as everyone else’s.

For instance, these questions can aid in determining whether you might need professional guidance.

  • Can I rent a car in Mexico?
  • How can I find cheaper teen driver insurance?
  • What discounts do I qualify for?
  • Should I have combined single limit or split liability limits?
  • Are my friends covered when driving my car?
  • Do I need to file an SR-22 for a DUI in my state?
  • What is medical payments coverage?
  • Can I afford to pay high deductible claims out of pocket?
  • Will my insurance pay for OEM parts?
  • Do I need special endorsements for business use of my vehicle?

If you don’t know the answers to these questions but you think they might apply to your situation then you might want to talk to a licensed insurance agent. To find an agent in your area, take a second and complete this form.

Car insurance coverage basics

Understanding the coverages of car insurance can be of help when determining appropriate coverage and proper limits and deductibles. Car insurance terms can be impossible to understand and coverage can change by endorsement.

Insurance for medical payments

Med pay and PIP coverage reimburse you for immediate expenses for things like prosthetic devices, funeral costs and EMT expenses. They are often used to fill the gap from your health insurance program or if you are not covered by health insurance. Medical payments and PIP cover not only the driver but also the vehicle occupants in addition to any family member struck as a pedestrian. PIP coverage is only offered in select states but it provides additional coverages not offered by medical payments coverage

Collision insurance

This covers damage to your Silverado 1500 resulting from colliding with an object or car. You have to pay a deductible and then insurance will cover the remainder.

Collision insurance covers things like scraping a guard rail, sustaining damage from a pot hole and crashing into a ditch. This coverage can be expensive, so consider dropping it from vehicles that are 8 years or older. You can also raise the deductible to bring the cost down.

Comprehensive coverage (or Other than Collision)

This coverage will pay to fix damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for claims such as vandalism, damage from a tornado or hurricane and damage from flooding. The maximum amount you can receive from a comprehensive claim is the cash value of the vehicle, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.

Uninsured Motorist or Underinsured Motorist insurance

Your UM/UIM coverage protects you and your vehicle when other motorists do not carry enough liability coverage. Covered losses include injuries sustained by your vehicle’s occupants and damage to your Chevy Silverado 1500.

Since a lot of drivers only carry the minimum required liability limits, their limits can quickly be used up. For this reason, having high UM/UIM coverages is important protection for you and your family. Most of the time these coverages are set the same as your liablity limits.

Coverage for liability

This coverage protects you from damage or injury you incur to other’s property or people by causing an accident. It consists of three limits, bodily injury per person, bodily injury per accident and property damage. You commonly see liability limits of 100/300/100 that translate to a $100,000 limit per person for injuries, a per accident bodily injury limit of $300,000, and property damage coverage for $100,000. Some companies may use a combined limit which combines the three limits into one amount and claims can be made without the split limit restrictions.

Liability can pay for things like repair costs for stationary objects, medical expenses, structural damage and repair bills for other people’s vehicles. How much liability coverage do you need? That is your choice, but you should buy as high a limit as you can afford.

A fool and his money are soon parted

Consumers change insurance companies for a variety of reasons including high rates after DUI convictions, policy non-renewal, an unsatisfactory settlement offer and even extreme rates for teen drivers. Regardless of your reason for switching companies, finding a new company is not as hard as you think.

We just covered quite a bit of information on how to compare 2014 Chevy Silverado 1500 insurance rates online. The key thing to remember is the more you quote insurance, the more likely it is that you will get a better rate. Consumers may even find the lowest priced insurance comes from the smaller companies.

When you buy insurance online, it’s very important that you do not skimp on critical coverages to save a buck or two. There have been many situations where an accident victim reduced full coverage only to find out they didn’t have enough coverage. Your focus should be to purchase plenty of coverage at the best cost, but don’t skip important coverages to save money.

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