View 2016 Chevrolet Silverado 1500 Insurance Quotes

Trying to find the cheapest auto insurance rates for your Chevrolet Silverado 1500? Searching for the cheapest insurance for a new or used Chevy Silverado 1500 can normally be a painful process, but you can use a few tricks to find lower rates. There is a better way to shop for auto insurance so we’re going to tell you the proper way to price shop coverage for a new or used Chevy and locate the cheapest rates from local insurance agents and online providers.

Consumers should take time to compare prices at least once a year because prices tend to go up over time. Despite the fact that you may have had the best rates for Silverado coverage two years ago other companies may now be cheaper. Forget all the misinformation about auto insurance because you’re about to find out one of the best ways to buy cheaper auto insurance.

If you have a current car insurance policy or are looking for a new policy, you will benefit by learning to find the best rates and still get good coverage. Locating affordable protection is simple if you know the tricks. Drivers just need to learn the best way to shop over the internet.

Do you qualify for discount insurance?

Some insurance providers do not advertise every disount available in a way that’s easy to find, so the next list breaks down some of the best known in addition to some of the lesser obvious discounts that you may qualify for.

  • Include Life Insurance and Save – Insurance companies who offer life insurance give a small discount if you purchase life insurance.
  • Federal Employees – Federal government employees could cut as much as 10% off for Silverado coverage depending on your insurance provider.
  • Discounts for Responsible Drivers – Safe drivers can get discounts for up to 45% lower rates for Silverado coverage as compared to drivers with claims.
  • Military Discounts – Having a family member in the military could trigger a small discount.
  • College Student – Kids who live away from home to go to college and do not have a car can be insured at a reduced rate.

Drivers should understand that most of the big mark downs will not be given the the whole policy. Most cut the cost of specific coverages such as comp or med pay. So even though they make it sound like having all the discounts means you get insurance for free, that’s just not realistic.

A list of companies and their possible discounts are outlined below.

  • State Farm offers premium reductions for Steer Clear safe driver discount, multiple policy, multiple autos, accident-free, safe vehicle, and anti-theft.
  • American Family policyholders can earn discounts including good student, TimeAway discount, defensive driver, mySafetyValet, air bags, and bundled insurance.
  • AAA discounts include anti-theft, multi-car, good student, education and occupation, and good driver.
  • GEICO offers discounts including good student, anti-lock brakes, seat belt use, daytime running lights, defensive driver, anti-theft, and multi-policy.
  • Mercury Insurance may include discounts for good driver, location of vehicle, low natural disaster claims, type of vehicle, and good student.
  • Farmers Insurance offers discounts for pay in full, mature driver, early shopping, bundle discounts, and electronic funds transfer.
  • Progressive may offer discounts for homeowner, good student, online signing, online quote discount, and continuous coverage.

It’s a good idea to ask each insurance company to apply every possible discount. Savings may not apply to policies in your area.

How do insurers determine Chevy Silverado 1500 insurance rates?

Lots of factors are used in the calculation when pricing auto insurance. Some of the criteria are obvious like an MVR report, although others are more transparent like your continuous coverage or your financial responsibility.

  • Infrequent drivers can save – The higher the mileage driven in a year the higher your rates will be. Many insurance companies rate vehicles based on their usage. Cars and trucks not used for work or commuting receive lower rates compared to those used for work or business. Having the wrong rating on your Silverado 1500 can result in significantly higher rates. It’s a smart idea to ensure your auto insurance coverage correctly shows the proper vehicle usage.
  • Employer reflects on prices – Did you know that where you work can have an impact on rates? Careers like real estate brokers, executives and miners generally have the highest average rates in part from intense work-related stress and lengthy work days. Other professions such as scientists, students and retirees generally pay rates lower than average for Silverado coverage.
  • lapses raise premiums – Not maintaining insurance can get your license suspended and your next policy will cost more because you let your coverage lapse. In addition to paying higher rates, getting caught without coverage might get you fines or a revoked license.
  • Amount of liability insurance – Your auto insurance policy’s liability coverage is the protection if a jury decides you are liable for damages caused by your negligence. It will provide for a legal defense to defend your case. Liability insurance is quite affordable compared to insuring for physical damage coverage, so drivers should buy more than the minimum limits required by law.
  • See if your company offers a multi-policy discount – Some insurance companies will give lower prices to people that purchase more than one policy in the form of a multi-policy discount. Even with this discount applied, consumers should still compare other insurance prices to make sure you are getting the best deal.There is a chance you can save more without the discount even if you insure with multiple companies
  • Guys are more aggressive – Over the last 50 years, statistics have shown women tend to be less risk to insure than men. It does not mean women are better drivers. Women and men are responsible for accidents at about the same rate, but guys tend to have more serious accidents. Men also tend to get cited for more serious violations like reckless driving and DUI.

What insurance coverages do I need?

When it comes to choosing the right insurance coverage, there is no best way to insure your cars. Everyone’s needs are different.

For instance, these questions may help highlight whether or not you will benefit from professional help.

  • Which is better, split liability limits or combined limits?
  • How high should my uninsured/underinsured coverage be in my state?
  • Why am I be forced to buy a membership to get insurance from some companies?
  • How high should deductibles be on a 2016 Chevy Silverado 1500?
  • When can I cancel my policy?
  • Can I rent a car in Mexico?
  • Is a new car covered when I drive it off the dealer lot?
  • When should my teen driver be added to my policy?
  • Does my policy cover my teen driver if they drive my company car?

If you can’t answer these questions but a few of them apply, then you may want to think about talking to a licensed agent. If you want to speak to an agent in your area, fill out this quick form. It’s fast, free and you can get the answers you need.

Coverage specifics

Knowing the specifics of your auto insurance policy can be of help when determining the right coverages and the correct deductibles and limits. Auto insurance terms can be impossible to understand and coverage can change by endorsement.

Liability auto insurance

Liability coverage protects you from damages or injuries you inflict on other people or property. It protects you from claims by other people. Liability doesn’t cover damage to your own property or vehicle.

Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see policy limits of 100/300/100 which stand for $100,000 bodily injury coverage, a total of $300,000 of bodily injury coverage per accident, and a limit of $100,000 paid for damaged property.

Liability can pay for things such as medical services, attorney fees, structural damage, funeral expenses and emergency aid. How much coverage you buy is your choice, but it’s cheap coverage so purchase as much as you can afford.

Comprehensive coverage (or Other than Collision)

Comprehensive insurance will pay to fix damage OTHER than collision with another vehicle or object. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive insurance covers claims like hail damage, fire damage, rock chips in glass and damage from a tornado or hurricane. The maximum payout your auto insurance company will pay is the actual cash value, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

Insurance for medical payments

Medical payments and Personal Injury Protection insurance provide coverage for bills for things like surgery, nursing services, funeral costs, hospital visits and chiropractic care. The coverages can be utilized in addition to your health insurance policy or if there is no health insurance coverage. It covers not only the driver but also the vehicle occupants and will also cover if you are hit as a while walking down the street. PIP is not an option in every state but it provides additional coverages not offered by medical payments coverage

Collision coverage

This coverage pays to fix your vehicle from damage from colliding with another car or object. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision coverage protects against claims like scraping a guard rail, rolling your car, sustaining damage from a pot hole and crashing into a building. This coverage can be expensive, so consider removing coverage from vehicles that are older. Another option is to increase the deductible in order to get cheaper collision rates.

Uninsured Motorist or Underinsured Motorist insurance

Uninsured or Underinsured Motorist coverage protects you and your vehicle when the “other guys” either are underinsured or have no liability coverage at all. Covered losses include hospital bills for your injuries and also any damage incurred to your Chevy Silverado 1500.

Due to the fact that many drivers only purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is important protection for you and your family.

Stretch your dollar

Drivers switch companies for a number of reasons such as high rates after DUI convictions, questionable increases in premium, policy cancellation or even denial of a claim. Whatever your reason, finding a new company is not as hard as you think.

When searching for the cheapest insurance quotes, make sure you don’t buy poor coverage just to save money. In many cases, an insured dropped full coverage and learned later they didn’t purchase enough coverage. Your objective should be to buy the best coverage you can find at an affordable rate but still have enough coverage for asset protection.

A few companies may not offer the ability to get a quote online and these smaller companies work with independent insurance agents. More affordable car insurance is attainable online as well as from independent agents, so you should be comparing quotes from both to have the best chance of lowering rates.

Much more information about car insurance can be found on the following sites: