Cheap 2003 Chevrolet Silverado 1500 Insurance Rates

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.

How to get free insurance quotes online

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.

Auto insurance discounts help cut rates

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.

  • Accident Waiver – but certain companies may permit one accident without the usual rate increase so long as you are claim-free prior to the accident.
  • Government Employees – Having worked for a branch of the government can save as much as 8% on Silverado insurance but check with your company.
  • Buy New and Save – Buying auto insurance coverage on a new vehicle may earn a small discount since new model year vehicles are generally safer.
  • Theft Deterent System – Cars, trucks, and SUVs with anti-theft systems are stolen less frequently so companies will give you a small discount.
  • E-sign Discounts – A few larger companies provide a small discount for buying a policy and signing up on your computer.
  • College Student – Youth drivers who live away from home to go to college without a vehicle on campus can be insured at a reduced rate.

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.

  • State Farm may include discounts for passive restraint, student away at school, defensive driving training, anti-theft, and safe vehicle.
  • GEICO offers discounts including anti-theft, good student, seat belt use, driver training, air bags, and emergency military deployment.
  • SAFECO discounts include accident prevention training, drive less, bundle discounts, safe driver, and multi-car.
  • Farmers Insurance has savings for early shopping, distant student, pay in full, bundle discounts, multi-car, switch companies, and good student.
  • AAA has discounts for multi-policy, education and occupation, good driver, multi-car, anti-theft, AAA membership discount, and pay-in-full.
  • USAA offers discounts for loyalty savings, annual mileage, vehicle storage, safe driver, family discount, new vehicle, and multi-vehicle.

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.

Which is the best insurance coverage?

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.

  • I don’t drive much so do I pay less?
  • How high should my uninsured/underinsured coverage be in my state?
  • Am I covered if I break a side mirror?
  • How high should deductibles be on a 2003 Chevy Silverado 1500?
  • At what point should I drop full coverage?
  • Is my cargo covered for damage or theft?
  • Why am I required to buy high-risk coverage?
  • What exactly is covered by my policy?
  • Is my teenager covered with friends in the car?
  • Is my 2003 Chevy Silverado 1500 covered for flood damage?

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.

Coverages available on your insurance policy

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.