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Chevrolet Silverado 1500 Insurance Rates

Buying car insurance through online rate quotes saves time, is easy to do and at the same time you might just save a little. The key to finding lower rates is to compare as many rate quotes as possible so you can compare the cheapest rate quotes.

Shopping online for car insurance is challenging if you are a beginner to online rate quotes. But don't let that discourage you because comparing prices is actually very simple. When shopping for car insurance there are multiple ways to get quotes from different insurance companies. The recommended way to find the lowest Silverado 1500 insurance cost is to get quotes online. It is quite easy and can be accomplished by visiting this page.

What factors determine the rate you pay?

Auto insurance rates for a Chevrolet Silverado 1500 will vary greatly and are calculated by many factors. Taken into consideration are:

  • Tickets increase premiums
  • Your credit history
  • Men typically pay more than women
  • Higher deductibles save money
  • Your vehicle's safety rating
  • What you do for a living
  • The level of coverage
  • Whether you rent or own your home

A final factor that helps determine Silverado 1500 insurance rates is the model year. Older models have a reduced actual cash value in comparison to older models so repair costs tend to be lower which may end up costing you less. Conversely, more recent Chevrolet vehicles may have a trim level with safety features such as dual-stage airbags, all-wheel drive, blind-spot warning system, and tire pressure monitors so those may provide discounts that lower premiums.

To get a better idea how rates are influenced for your specific model year, select the year of your vehicle from available model years below.

Auto liability - This will cover damages or injuries you inflict on other people or property in an accident. Liability insurance covers things such as emergency aid, pain and suffering, and medical services. It is cheap coverage so consider buying as much as you can afford.

Collision coverage - Collision insurance will pay to fix damage to your Chevrolet caused by collision with an object or car. You have to pay a deductible then the remaining damage will be paid by your insurance company. Silverado 1500 collision insurance is rather expensive coverage, so analyze the benefit of dropping coverage from vehicles that are older. Another option is to bump up the deductible to bring the cost down.

Comprehensive auto coverage - Comprehensive insurance will pay to fix damage that is not covered by collision coverage. You first must pay your deductible and the remainder of the damage will be paid by your Chevrolet Silverado 1500 comprehensive insurance. The maximum amount you can receive from a comprehensive claim is the cash value of the vehicle, so if the vehicle is not worth much it's not worth carrying full coverage.

Uninsured/Underinsured Motorist coverage - This gives you protection from other drivers when they are uninsured or don't have enough coverage. Since many drivers only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. So UM/UIM coverage is very important.

Medical payments and PIP coverage - Personal Injury Protection (PIP) and medical payments coverage kick in for expenses (i.e. doctor visits, EMT expenses, and X-ray expenses). The coverages can be used to fill the gap from your health insurance plan or if you do not have health coverage. PIP coverage is only offered in select states but can be used in place of medical payments coverage.

How Much are Chevrolet Silverado 1500 Insurance Rates?

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