View 2015 Chevrolet Silverado 1500 Car Insurance Rates

Trying to find better car insurance rates for your Chevrolet Silverado 1500? Paying for overpriced Chevrolet Silverado 1500 insurance can dwindle your personal savings and make it hard to pay other bills.

People have multiple insurers to purchase coverage from, and though it is a good thing to have multiple companies, more choices can make it harder to locate the cheapest rates.

Insurance coverage companies offer many discounts

Buying insurance coverage is not cheap, but you might already qualify for some discounts to reduce the price significantly. A few discounts will be applied at the time you complete a quote, but some discounts are required to be asked for before you get the savings.

  • Seat Belts Save more than Lives – Using a seat belt and requiring all passengers to buckle up can save up to 10 percent (depending on the company) off the medical payments premium.
  • Homeowners Discount – Owning a house can save a few bucks since owning and maintaining a home shows financial diligence.
  • No Claims – Drivers who don’t have accidents have much lower rates when compared to policyholders that have many claims.
  • Discount for Life Insurance – Select insurance carriers reward you with better prices if you take out some life insurance too.
  • Federal Government Employee – Federal government employees can save as much as 8% on Silverado coverage with certain companies.
  • Senior Citizens – Mature drivers may be able to get reduced rates on Silverado coverage.
  • Onboard Data Collection – Drivers who agree to allow their company to spy on driving patterns by using a telematic data system like Allstate’s Drivewise might get better premium rates as long as they are good drivers.
  • Professional Memberships – Being in qualifying clubs or civic groups is a good way to get lower rates on insurance coverage.

One last thing about discounts, some credits don’t apply to all coverage premiums. A few only apply to the cost of specific coverages such as physical damage coverage or medical payments. So even though you would think you would end up receiving a 100% discount, insurance coverage companies aren’t that generous.

Popular insurance coverage companies and some of their more popular discounts include:

  • Mercury Insurance discounts include annual mileage, low natural disaster claims, good student, anti-theft, ease of repair, professional/association, and good driver.
  • Farmers Insurance may include discounts for youthful driver, distant student, business and professional, bundle discounts, and alternative fuel.
  • Farm Bureau policyholders can earn discounts including youthful driver, safe driver, 55 and retired, renewal discount, driver training, and multi-policy.
  • State Farm has discounts for driver’s education, student away at school, anti-theft, good student, safe vehicle, defensive driving training, and Drive Safe & Save.
  • Allstate includes discounts for 55 and retired, teenSMART discount, new car, early signing, and auto/life discount.
  • GEICO has savings for anti-theft, five-year accident-free, anti-lock brakes, membership and employees, good student, and air bags.

Double check with every insurance company how many discounts you can get. Savings might not be available to policyholders in your area. To see insurance companies who offer cheap insurance coverage quotes, follow this link.

Shop auto insurance online

There are a lot of ways to compare auto insurance prices but there is one way that is more efficient than others. You could waste time discussing policy coverages with local insurance agents in your area, or you could save time and use online quotes to get rates in a matter of minutes.

Many of the larger companies enroll in a system that allows shoppers to enter their policy data once, and at least one company provides a quote. This system prevents you from having to do form submissions for every auto insurance company.

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The single downside to doing it this way is buyers cannot specifically choose which companies to get quotes from. So if you want to choose specific insurance companies to compare rates, we have assembled a list of auto insurance companies in your area. Click here for list of insurance companies.

You can use whichever method you prefer to find lower rates, just do your best to enter identical coverage information for each comparison quote. If you compare higher or lower deductibles it will be impossible to determine which rate is truly the best. Just a small difference in coverages can mean a large discrepancy in price. Just keep in mind that comparing more quotes helps you find better pricing.

How to lower your insurance premiums

Many different elements are used in the calculation when you get a price on insurance. Some are obvious such as your driving history, although some other factors are more obscure like your continuous coverage or your financial responsibility.

The list below includes a partial list of the pieces utilized by car insurance companies to help set your prices.

  • Increase physical damage deductibles and save – Comp and collision deductibles define the amount you are required to spend in the event of a claim. Physical damage protection, commonly called comprehensive (or other-than-collision) and collision coverage, is used to repair damage to your car. Examples of covered claims are rearending another vehicle, damage caused by hail, or theft of your vehicle. The more expense you have to pay, the lower your rates will be on Silverado coverage.
  • Driving citations drive up costs – Having a single citation may increase your cost by as much as thirty percent. Drivers with clean records have lower premiums compared to drivers with tickets. People who have careless tickets such as hit and run, DWI or reckless driving convictions may find they need to submit a SR-22 form with their state in order to keep their license.
  • Cheaper rates after marriage – Being married can get you a discount on auto insurance. Having a spouse demonstrates that you tend to be more mature than a single person and it’s proven that drivers who are married file infrequent claims.
  • Occupation and insurance auto insurance rates – Did you know that where you work can have an impact on rates? Occupations such as military generalspolice officers and stock brokers usually pay the highest rates due to high stress and long work days. Conversely, occupations like professors, engineers and retirees have the lowest average rates on Silverado coverage.
  • Qualify for multi-policy discounts – Lots of companies afford better rates to people that purchase more than one policy in the form of a multi-policy discount. The discount can add up to ten or even fifteen percent. If you currently are using one company, you still need to check prices from other companies to verify if the discount is saving money. You may still find lower rates even if you insure with multiple companies
  • Low mileage costs less – The higher the mileage driven each year the higher your rate. Most companies charge rates based upon how you use the vehicle. Vehicles that sit idle most of the time can be on a lower rate level as compared to vehicles used primarily for driving to work. Ask your agent if your auto insurance policy is rated on how each vehicle is driven, because improper ratings can cost you money. An incorrectly rated Silverado 1500 is just wasting money.
  • Add-on coverages may not be needed – There are a ton of additional extra coverages that you can buy if you aren’t careful. Add-on coverages like roadside assistance, towing, and term life insurance may be wasting your money. These may sound like a good investment initially, but now you might not need them so remove them and pocket the money.
  • Better auto insurance rates with anti-theft devices – Choosing a vehicle with a theft deterrent system can save you some money. Systems that thwart theives such as OnStar, LoJack tracking, and tamper alarms help track and prevent your vehicle from being stolen.

Do I just need basic coverages?

When choosing the right insurance coverage, there really is no one size fits all plan. Every insured’s situation is different so your insurance needs to address that. For instance, these questions may help highlight if your insurance needs might need an agent’s assistance.

  • Does my policy cover my teen driver if they drive my company car?
  • Does my insurance cover my expensive audio equipment?
  • Does coverage extend to Mexico or Canada?
  • Do I need rental car coverage?
  • Do I need replacement cost coverage on my 2015 Chevy Silverado 1500?
  • Do I pay less for low miles?
  • Is pleasure use cheaper than using my 2015 Chevy Silverado 1500 to commute?
  • Do I need special endorsements for business use of my vehicle?

If you can’t answer these questions but one or more may apply to you, then you may want to think about talking to a licensed agent. To find an agent in your area, simply complete this short form or you can also visit this page to select a carrier

Don’t listen to company ads

Companies like State Farm and Allstate consistently run ads on television and other media. All the ads make the same claim about how much you will save just by switching your coverage. How does every insurance coverage company charge you a lower premium? It’s all in how they say it.

Different companies have a certain “appetite” for the type of customer that will be a good risk. A good example of a profitable insured may need to be between the ages of 30 and 50, is a homeowner, and has a short commute. Anybody who matches those parameters is entitled to the best price and therefore will save a lot of money.

People who cannot meet this ideal profile will probably be forced to pay higher prices and ends up with the prospect going elsewhere. The trick is to say “people who switch” not “all people who quote” save money. That’s why insurance companies can claim big savings.

Because every company is different, you really need to compare quotes as often as possible. It’s just not possible to know which insurance coverage company will fit you best based on your risk profile.

Parts of your auto insurance policy

Having a good grasp of your auto insurance policy aids in choosing the best coverages and proper limits and deductibles. The terms used in a policy can be confusing and reading a policy is terribly boring. Shown next are the usual coverages found on most auto insurance policies.

Comprehensive 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 then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for things such as vandalism, a broken windshield and hail damage. The maximum payout your auto insurance company will pay is the market value of your vehicle, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.

Liability coverages

This coverage can cover damage or injury you incur to other people or property that is your fault. It protects YOU from legal claims by others. It does not cover your injuries or vehicle damage.

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 liability limits of 100/300/100 which means a limit of $100,000 per injured person, $300,000 for the entire accident, and property damage coverage for $100,000. Another option is one number which is a combined single limit which provides one coverage limit rather than limiting it on a per person basis.

Liability coverage pays for claims such as attorney fees, loss of income and repair bills for other people’s vehicles. How much liability coverage do you need? That is up to you, but buy as high a limit as you can afford.

Medical costs insurance

Personal Injury Protection (PIP) and medical payments coverage pay for immediate expenses such as ambulance fees, X-ray expenses and rehabilitation expenses. The coverages can be used to cover expenses not covered by your health insurance program or if you are not covered by health insurance. They cover not only the driver but also the vehicle occupants and also covers getting struck while a pedestrian. PIP coverage is not universally available and may carry a deductible

Auto collision coverage

This pays to fix your vehicle from damage resulting from a collision with an object or car. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision coverage protects against claims such as rolling your car, sideswiping another vehicle and crashing into a ditch. Paying for collision coverage can be pricey, so consider removing coverage from older vehicles. Drivers also have the option to choose a higher deductible to bring the cost down.

UM/UIM Coverage

Your UM/UIM coverage provides protection from other motorists when they either are underinsured or have no liability coverage at all. This coverage pays for medical payments for you and your occupants and damage to your Chevy Silverado 1500.

Because many people only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family. Frequently the UM/UIM limits are set the same as your liablity limits.

Make a quick buck

As you prepare to switch companies, never buy less coverage just to save a little money. In many cases, someone sacrificed comprehensive coverage or liability limits and learned later that a couple dollars of savings turned into a financial nightmare. The goal is to get the best coverage possible at a price you can afford, not the least amount of coverage.

Lower-priced insurance coverage can be found on the web and also from your neighborhood agents, and you need to comparison shop both so you have a total pricing picture. Some companies may not provide online quoting and most of the time these smaller providers prefer to sell through local independent agents.

In this article, we covered many tips how you can get a better price on 2015 Chevy Silverado 1500 insurance. The key thing to remember is the more providers you compare, the better your chances of lowering your prices. Drivers may discover the lowest premium rates are with a small mutual company. Smaller companies may only write in your state and offer lower prices than their larger competitors like Allstate, GEICO and Progressive.

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