Looking for the cheapest car insurance rates for your Chevrolet Silverado 1500? Are you at wits end from sacrificing other expenses to buy car insurance? Your situation is no different than millions of other people. Insurance companies such as State Farm, GEICO and Farmers Insurance all claim big savings with ad campaigns and it is challenging if not impossible to sift through the bull and find the best price available.
It’s important to take a look at other company’s rates occasionally because car insurance prices are adjusted regularly by insurance companies. Even if you think you had the best price on Silverado insurance last year you can probably find a better rate now. Forget anything you know (or think you know) about car insurance because you’re going to learn the easiest way to find better rates and still maintain coverage.
If you have insurance now or are looking for a new policy, you will benefit by learning to get lower rates and still get good coverage. Buying car insurance is quite easy. Drivers just need to understand the most effective way to shop their coverage around on the web.
Comparing insurance rates is a ton of work if you don’t utilize the best way to get rate quotes. You can spend your afternoon talking to 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 belong to a marketplace where insurance shoppers only type in their quote data once, and at least one company returns a rated price determined by their information. This system prevents you from having to do form submissions for each company. To find out what other companies charge click here to start a free quote.
The only downside to doing it this way is you are unable to specify the companies to get pricing from. So if you want to select specific providers to compare, we have a page of the cheapest insurance companies in your area. View list of insurance companies.
Take whichever approach you prefer, but do your best to enter nearly identical coverage data for each quote you get. If you have different limits and deductibles on each one it will be next to impossible to make an equal comparison.
Insurance can cost an arm and a leg, but there may be some discounts that you may not even know about. Many discounts should be triggered at quote time, but once in a while a discount must be inquired about prior to receiving the credit.
It’s important to note that some of the credits will not apply the the whole policy. Some only reduce individual premiums such as comprehensive or collision. Even though it appears all those discounts means the company will pay you, you aren’t that lucky.
Larger auto insurance companies and their possible discounts are detailed below.
If you need lower rates, check with every prospective company which credits you are entitled to. All car insurance discounts might not be available to policyholders in your area. To choose auto insurance companies who offer auto insurance discounts, follow this link.
When it comes to choosing coverage for your personal vehicles, there really is no cookie cutter policy. Every situation is different and a cookie cutter policy won’t apply. For example, these questions may help you determine whether you would benefit from an agent’s advice.
If it’s difficult to answer those questions but one or more may apply to you then you might want to talk to an insurance agent. To find lower rates from a local agent, simply complete this short form or go to this page to view a list of companies. It’s fast, doesn’t cost anything and may give you better protection.
Knowing the specifics of insurance can help you determine the best coverages and the correct deductibles and limits. The terms used 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 insurance policy.
Medical payments coverage and PIP – Medical payments and Personal Injury Protection insurance kick in for immediate expenses like nursing services, X-ray expenses, hospital visits, EMT expenses and surgery. The coverages can be used in conjunction with a health insurance policy or if you do not have health coverage. It covers you and your occupants as well as being hit by a car walking across the street. Personal Injury Protection is not an option in every state and gives slightly broader coverage than med pay
Liability car insurance – This coverage can cover injuries or damage you cause to other’s property or people. It protects you against claims from other people. It does not cover your injuries or vehicle damage.
Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see policy limits of 25/50/25 that means you have $25,000 in coverage for each person’s injuries, a limit of $50,000 in injury protection per accident, and $25,000 of coverage for damaged propery. Another option is a combined limit which provides one coverage limit rather than limiting it on a per person basis.
Liability insurance covers claims such as pain and suffering, funeral expenses and court costs. How much coverage you buy is your choice, but buy as large an amount as possible.
Collision – Collision insurance will pay to fix damage to your Silverado 1500 caused by collision with an object or car. You first must pay a deductible then your collision coverage will kick in.
Collision coverage pays for claims like crashing into a ditch, backing into a parked car and hitting a mailbox. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. Another option is to raise the deductible in order to get cheaper collision rates.
Uninsured/Underinsured Motorist coverage – Your UM/UIM coverage protects you and your vehicle from other drivers when they either have no liability insurance or not enough. Covered claims include medical payments for you and your occupants as well as your vehicle’s damage.
Since a lot of drivers only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages should not be overlooked. Usually the UM/UIM limits are set the same as your liablity limits.
Comprehensive coverage – Comprehensive insurance pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive can pay for things like damage from getting keyed, hitting a deer, vandalism, hail damage and damage from a tornado or hurricane. The maximum amount you’ll receive from a claim is the actual cash value, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.