Cheap 2018 Chevrolet Silverado 1500 Car Insurance Cost

Looking for cheaper insurance coverage rates for your Chevrolet Silverado 1500? There isn’t anyone who likes paying for insurance coverage, particularly when they could find better rates elsewhere.

Insurance companies such as State Farm, Allstate, GEICO and Progressive all claim big savings with TV and radio ads and consumers find it hard to ignore the promise of big savings and effectively compare rates to find the best deal.

It’s a good idea to do price comparisons before your next renewal because insurance coverage prices are rarely the same from one policy term to another. Just because you found the best price for Silverado coverage last year a different company probably has better rates today. There is a lot of bad information regarding insurance coverage out there, but in a few minutes you can learn a bunch of ideas how to stop overpaying for insurance.

If you have car insurance now, you stand a good chance to be able to reduce your rates substantially using this information. Choosing the best insurance company for you is not rocket science. But drivers must understand the methods companies use to price insurance differently and apply this information to your search.

Insurance coverage quotes comparison

To get cheaper car insurance quotes, there a variety of ways to get quotes from many available insurance coverage companies in your state. The simplest method to comparison shop consists of obtaining rate quotes online. This is very easy and can be done in a couple of different ways.

The easiest and least time consuming way consumers can analyze rates is an all-inclusive rate comparison like this one (opens in new window). This style of form eliminates the need for repetitive form entry for each company you want a rate for. One simple form gets you coverage quotes direct from many companies.

A harder way to compare rate quotes is going to the website for every company you want to comare to request a price quote. For sake of this example, let’s assume you want to compare rates from Auto-Owners, Farmers and State Farm. You would need to take the time to go to each site and repeatedly enter your information, which explains why we recommend starting with the first method.

To view a list of companies in your area, click here.

Even if you have time, the least recommended way to get price estimates is driving to and from local insurance agencies. The ability to get quotes online eliminates the middleman unless you want the personal advice that only a licensed agent can provide. Although you can find lower rates online but buy from a local insurance agent.

It’s up to you how you get prices quotes, just ensure you’re using the same coverage limits and deductibles for each comparison quote. If the quotes have mixed coverages it will be impossible to determine the best price for your Chevy Silverado 1500. Quoting even small variations in insurance coverages or limits may cause a big price difference. Keep in mind that getting more free quotes helps improve the odds of finding the best offered rates. Not every company allows you to get rate quotes online, so it’s important to compare quotes from those companies as well.

Drivers who switch save $394 a year? Really?

Well-known auto insurance companies like 21st Century, Allstate and State Farm constantly bombard you with television and radio advertisements. They all seem to have a common claim that you’ll save big if you get a free car insurance quote and switch your policy. How does every company claim to save you money? Here is the trick they use.

Companies look for specific characteristics for the type of driver that earns them a profit. For example, a desirable insured could be a married male, has had continuous coverage, and has a high credit rating. Any driver who matches that profile will most likely get cheap premium rates and will also cut their rates if they switch.

Insureds who fall short of these stringent criteria will probably have to pay more expensive rates which leads to business not being written. The trick companies use is to say “people who switch” not “everyone who quotes” save that much when switching. This is how insurance companies can make the claims of big savings. This illustrates why drivers should compare rate quotes every year. It is just not possible to predict which auto insurance company will have the lowest rate quotes.

Cheaper car insurance quotes with discounts

Insurance can be prohibitively expensive, but you can get discounts to help offset the cost. A few discounts will automatically apply at the time of purchase, but some may not be applied and must be specifically requested before they will apply.

  • Driver Education Discount – Have your child enroll and complete driver’s education in high school.
  • Life Insurance Discount – Not all insurance companies offer life insurance, but some may give you a lower car insurance rate if you buy life insurance.
  • Smart Student Discounts – Performing well in school could provide a savings of up to 20% or more. You can use this discount normally up until you turn 25.
  • Pay Early and Save – If paying your policy premium upfront instead of making monthly payments you can avoid monthly service charges.
  • College Student – Older children living away from home attending college without a vehicle on campus may be able to be covered for less.
  • Own a Home and Save – Owning your own home or condo can save you money since owning and maintaining a home requires personal responsibility.

As a sidenote, most credits do not apply to all coverage premiums. A few only apply to specific coverage prices like liability, collision or medical payments. Even though it may seem like you would end up receiving a 100% discount, companies wouldn’t make money that way.

A list of car insurance companies and some of the premium reductions they offer can be found below.

  • Progressive has savings for good student, online quote discount, multi-vehicle, multi-policy, online signing, continuous coverage, and homeowner.
  • GEICO offers discounts for emergency military deployment, air bags, membership and employees, daytime running lights, and five-year accident-free.
  • State Farm policyholders can earn discounts including multiple autos, anti-theft, good student, Drive Safe & Save, defensive driving training, and safe vehicle.
  • Esurance has discounts for Switch & Save, DriveSense, claim free, anti-lock brakes, and online shopper.
  • The Hartford includes discounts for defensive driver, air bag, driver training, vehicle fuel type, and anti-theft.

Double check with each company or agent which discounts can lower your rates. Discounts might not apply everywhere. To find car insurance companies that offer many of these discounts, click here.

Tailor your auto insurance coverage to you

When choosing proper insurance coverage for your vehicles, there isn’t really a single plan that fits everyone. Each situation is unique so this has to be addressed. These are some specific questions could help you determine if you may require specific advice.

  • Why am I required to buy high-risk coverage?
  • How much can I save by bundling my policies?
  • Are there companies who specialize in insuring high-risk drivers?
  • Is a fancy paint job covered?
  • Is my business laptop covered if it gets stolen from my vehicle?
  • What discounts do I qualify for?
  • Is my vehicle covered by my employer’s policy when using it for work?
  • How high should my medical payments coverage be?
  • Does liability extend to a camper or trailer?
  • What if I total my 2018 Chevy Silverado 1500 and owe more than it’s worth?

If you’re not sure about those questions, then you may want to think about talking to a licensed agent. To find an agent in your area, complete this form or you can also visit this page to select a carrier

Auto insurance 101

Knowing the specifics of a auto insurance policy can be of help when determining the best coverages at the best deductibles and correct limits. The coverage terms in a policy can be impossible to understand and even agents have difficulty translating policy wording. Below you’ll find typical coverage types found on the average auto insurance policy.

Med pay and Personal Injury Protection (PIP)

Medical payments and Personal Injury Protection insurance provide coverage for short-term medical expenses for things like hospital visits, doctor visits, prosthetic devices, funeral costs and ambulance fees. They are often used in conjunction with a health insurance policy or if you are not covered by health insurance. They cover you and your occupants and also covers being hit by a car walking across the street. PIP coverage is not an option in every state but can be used in place of medical payments coverage

Comprehensive insurance

This coverage covers damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive coverage pays for things such as rock chips in glass, a broken windshield, a tree branch falling on your vehicle, hail damage and falling objects. The maximum amount your auto insurance company will pay is the ACV or actual cash value, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.

Uninsured/Underinsured Motorist (UM/UIM)

This protects you and your vehicle from other motorists when they do not carry enough liability coverage. Covered claims include hospital bills for your injuries as well as your vehicle’s damage.

Because many people only carry the minimum required liability limits, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family.

Collision coverage

This coverage will pay to fix damage to your Silverado 1500 from colliding with another vehicle or an object, but not an animal. You will need to pay your deductible and then insurance will cover the remainder.

Collision can pay for things such as backing into a parked car, colliding with a tree and driving through your garage door. This coverage can be expensive, so consider dropping it from vehicles that are 8 years or older. You can also increase the deductible to get cheaper collision coverage.

Liability coverage

This provides protection from injuries or damage you cause to other people or property by causing an accident. It protects YOU from claims by other people, and does not provide coverage for your injuries or vehicle damage.

Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. Your policy might show policy limits of 25/50/25 which means $25,000 bodily injury coverage, $50,000 for the entire accident, and $25,000 of coverage for damaged propery.

Liability insurance covers things such as legal defense fees, attorney fees, repair bills for other people’s vehicles and structural damage. How much liability coverage do you need? That is up to you, but you should buy as high a limit as you can afford.

The best insurance company isn’t always the cheapest

Cheaper 2018 Chevy Silverado 1500 insurance is possible on the web and from local agencies, so you need to quote car insurance with both to get a complete price analysis. Some insurance companies do not provide the ability to get a quote online and many times these small, regional companies work with local independent agents.

As you restructure your insurance plan, never buy less coverage just to save a little money. There are many occasions where someone sacrificed full coverage and discovered at claim time that saving that couple of dollars actually costed them tens of thousands. The ultimate goal is to buy a smart amount of coverage at an affordable rate, but do not sacrifice coverage to save money.

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