How Much Does 2017 Chevrolet Silverado 1500 Insurance Cost?

Price shopping your car insurance may be difficult for drivers who are new to online insurance quotes. You have so many options that it can turn into a burden to find cheaper coverage rates.

It’s a good habit to do rate comparisons occasionally due to the fact that insurance prices are adjusted regularly by insurance companies. Even if you got the lowest rate for Silverado coverage last year there is a good chance you can find better premium rates now. Ignore everything you know about car insurance because we’re going to demonstrate the proper way to find great coverage at a great price.

If you are paying for car insurance now, you will most likely be able to reduce your rates substantially using these tips. This information will familiarize you with how to get online quotes and some money-saving tips. But vehicle owners must learn how companies price insurance differently and use this information to your advantage.

Cheapest auto insurance price quotes

There are several ways to compare auto insurance quotes, but there is one way that is less labor-intensive and much quicker. You can waste hours driving to insurance agencies in your area, or you can utilize online quotes for quick rates.

Most of the best insurance companies belong to a marketplace where insurance shoppers submit their information once, and each company then gives them pricing based on the submitted data. This eliminates the need for form submissions for each company you want a rate for.

To enter your information into the quoting system, click here to start a free quote.

The only drawback to comparing rates this way is you can’t choose which carriers you will receive quotes from. So if you prefer to choose specific providers to request quotes from, we have assembled a list of low cost auto insurance companies in your area. Click to view list.

However you get your quotes, try to keep exactly the same coverage information for every company. If you enter higher or lower deductibles you will not be able to get a fair rate comparison. Just a small difference in limits can make a big difference in price. It’s important to know that making a lot of price comparisons helps improve the odds of finding more affordable rates.

Discounts can really help lower rates

Properly insuring your vehicles can get expensive, but there are discounts available to help offset the cost. Some trigger automatically when you purchase, but once in a while a discount must be specially asked for before they will apply.

  • Drivers Ed for Students – It’s a good idea to have your young drivers sucessfully take a drivers education course as it can save substantially.
  • Pay Upfront and Save – If you pay your bill all at once instead of monthly or quarterly installments you may have a lower total premium amount.
  • Claim Free – Insureds who avoid accidents and claims pay much less in comparison to drivers who are more careless.
  • Telematics Devices – Drivers that enable driving data submission to scrutinize driving manner by using a telematics device such as Progressive’s Snapshot and State Farm’s In-Drive might get better premium rates as long as the data is positive.
  • Save over 55 – Mature drivers could receive reduced rates for Silverado coverage.
  • Active Military Service – Having an actively deployed family member could trigger a small discount.
  • Homeowners Pay Less – Owning a home can help you save on car insurance since home ownership requires personal responsibility.
  • E-sign – Some of the larger companies will give a small break for buying your policy on their website.
  • Theft Prevention System – Vehicles equipped with tracking devices and advanced anti-theft systems help deter theft and will save you 10% or more.

Keep in mind that most discounts do not apply to your bottom line cost. Most cut specific coverage prices like comprehensive or collision. So despite the fact that it appears having all the discounts means you get insurance for free, it just doesn’t work that way.

A list of companies and some of the discounts are included below.

  • GEICO has savings for multi-policy, membership and employees, seat belt use, daytime running lights, military active duty, and multi-vehicle.
  • USAA offers discounts including new vehicle, multi-policy, vehicle storage, annual mileage, multi-vehicle, and safe driver.
  • Progressive has discounts for online signing, good student, online quote discount, multi-policy, homeowner, multi-vehicle, and continuous coverage.
  • American Family policyholders can earn discounts including good driver, TimeAway discount, good student, air bags, and multi-vehicle.
  • Esurance includes discounts for claim free, safety device, good student, paid-in-full, Switch & Save, online quote, and good driver.
  • Farmers Insurance offers discounts for bundle discounts, electronic funds transfer, distant student, business and professional, mature driver, and youthful driver.
  • State Farm discounts include safe vehicle, accident-free, good student, passive restraint, and driver’s education.

Double check with every insurance company which discounts can lower your rates. A few discounts might not be available to policyholders in every state.

Will just any policy work for me?

When it comes to choosing the best auto insurance coverage for your personal vehicles, there is no “best” method to buy coverage. Every insured’s situation is different.

For example, these questions might help in determining if you would benefit from an agent’s advice.

  • Am I better off with higher deductibles on my 2017 Chevy Silverado 1500?
  • What is no-fault insurance?
  • How high should my uninsured/underinsured coverage be in my state?
  • What is roadside assistance coverage?
  • Does coverage extend to Mexico or Canada?
  • Does coverage extend to a rental car in a foreign country?
  • When should I not file a claim?

If you’re not sure about those questions but you think they might apply to your situation, you may need to chat with an insurance agent. To find lower rates from a local agent, take a second and complete this form.

Insurance coverages 101

Having a good grasp of insurance aids in choosing the best coverages for your vehicles. Insurance terms can be difficult to understand and even agents have difficulty translating policy wording.

Liability insurance – This coverage protects you from damage or injury you incur to people or other property that is your fault. It protects you against claims from other people, and does not provide coverage for your injuries or vehicle damage.

Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show policy limits of 50/100/50 which stand for $50,000 bodily injury coverage, a per accident bodily injury limit of $100,000, and $50,000 of coverage for damaged propery. Some companies may use one number which is a combined single limit which combines the three limits into one amount rather than limiting it on a per person basis.

Liability coverage protects against things such as court costs, repair bills for other people’s vehicles and medical services. How much liability coverage do you need? That is your choice, but it’s cheap coverage so purchase as much as you can afford.

Uninsured Motorist or Underinsured Motorist insurance – This coverage gives you protection when other motorists are uninsured or don’t have enough coverage. Covered losses include injuries sustained by your vehicle’s occupants and damage to your Chevy Silverado 1500.

Because many people only carry the minimum required liability limits, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is very important. Usually your uninsured/underinsured motorist coverages are set the same as your liablity limits.

Comprehensive coverage (or Other than Collision) – This pays to fix your vehicle from damage OTHER than collision with another vehicle or object. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive coverage protects against claims like hitting a deer, fire damage, damage from flooding, a broken windshield 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 consider removing comprehensive coverage.

Collision coverage – Collision coverage covers damage to your Silverado 1500 caused by collision with another vehicle or an object, but not an animal. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision coverage protects against claims like crashing into a ditch, damaging your car on a curb, colliding with another moving vehicle and sideswiping another vehicle. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from lower value vehicles. Drivers also have the option to raise the deductible to bring the cost down.

Insurance for medical payments – Medical payments and Personal Injury Protection insurance pay for immediate expenses such as X-ray expenses, funeral costs, surgery, rehabilitation expenses and nursing services. They can be used to cover expenses not covered by your health insurance plan or if you are not covered by health insurance. They cover all vehicle occupants and also covers if you are hit as a while walking down the street. Personal injury protection coverage is not available in all states but can be used in place of medical payments coverage

Make an honest buck

As you prepare to switch companies, do not buy less coverage just to save a little money. There are a lot of situations where someone dropped comprehensive coverage or liability limits only to regret at claim time that the small savings ended up costing them much more. The proper strategy is to get the best coverage possible for the lowest price and still be able to protect your assets.

Budget-conscious 2017 Chevy Silverado 1500 insurance can be bought both online in addition to many insurance agents, and you should be comparing both to have the best rate selection. Some auto insurance companies may not have online price quotes and many times these regional carriers only sell coverage through independent insurance agencies.

We just presented many ways to compare 2017 Chevy Silverado 1500 insurance premium rates online. The key concept to understand is the more quotes you get, the better your chances of lowering your prices. Drivers may discover the biggest savings come from some of the lesser-known companies.

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