Want cheaper auto insurance rates for your Chevrolet Silverado 1500? I can’t think of a single person who likes paying for auto insurance, in particular when the price is too high.
Insurance companies such as GEICO, 21st Century and Progressive promote their brand names with ad campaigns and consumers find it hard to sift through the bull and do the work needed to find the best deal.
You should take the time to compare rates periodically because auto insurance rates change quite often. If you had the best deal for Silverado insurance a year ago the chances are good that you can find a lower price today. Forget anything you know (or think you know) about auto insurance because you’re about to find out the fastest and easiest way to find the best coverage while lowering your premiums.
A large part of saving on insurance coverage is knowing some of the things that are used to determine your premiums. If you have a feel for what positively or negatively impacts your premiums, this helps enable you to make changes that will entitle you to much lower annual insurance costs. Lots of factors are considered when premium rates are determined. Some are obvious like your driving record, but some are not as apparent such as whether you are married or your commute time.
Some insurers do not advertise the entire discount list in a way that’s easy to find, so the following list contains both the well known and also the more inconspicuous credits that may apply to you.
A quick disclaimer, some of the credits will not apply to all coverage premiums. Most cut specific coverage prices like physical damage coverage or medical payments. So despite the fact that it appears it’s possible to get free car insurance, car insurance companies aren’t that generous. Any qualifying discounts will help reduce the amount you have to pay.
A few popular companies and their offered discounts are shown below.
Before you buy a policy, ask each insurance company what discounts are available to you. Some of the earlier mentioned discounts may not be offered in every state. If you would like to see a list of insurance companies that can offer you the previously mentioned discounts, follow this link.
Insurance coverage providers like Progressive, Allstate and GEICO consistently run television and radio advertisements. They all advertise claims that people will save just by moving your insurance coverage coverage to their company. How is it plausible that every one can charge lower premium rates? Here is how they do it.
Companies can use profiling for the type of driver that will be a good risk. One example of a driver they prefer may need to be married and over the age of 30, has no prior claims, and drives a lower-performance vehicle. Any customer who fits those characteristics will get low premium rates and will also save when they switch companies.
Potential insureds who don’t meet these standards will probably be forced to pay more expensive rates which results in the customer not purchasing. The ads say “drivers that switch” not “everyone who quotes” save that much. That’s the way companies can truthfully state the savings. Because of this risk profiling, you need to compare quotes as often as possible. It is just not possible to predict the company that will give you lower premium rates than your current company.
When it comes to choosing the right insurance coverage, there really is not a perfect coverage plan. Everyone’s needs are different and a cookie cutter policy won’t apply. For instance, these questions can aid in determining whether you would benefit from an agent’s advice.
If you’re not sure about those questions but a few of them apply, you may need to chat with a licensed insurance agent. If you want to speak to an agent in your area, fill out this quick form or you can go here for a list of companies in your area.
Knowing the specifics of a insurance policy can help you determine which coverages you need for your vehicles. The coverage terms in a policy can be ambiguous and nobody wants to actually read their policy. Shown next are typical coverages found on the average insurance policy.
Liability coverage can cover damage or injury you incur to people or other property. This coverage protects you from claims by other people. It does not cover damage to your own property or vehicle.
Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have liability limits of 25/50/25 which means a $25,000 limit per person for injuries, a limit of $50,000 in injury protection per accident, and a total limit of $25,000 for damage to vehicles and property.
Liability insurance covers things such as legal defense fees, repair bills for other people’s vehicles and bail bonds. How much liability coverage do you need? That is a decision to put some thought into, but consider buying as large an amount as possible.
This protects you and your vehicle’s occupants when other motorists are uninsured or don’t have enough coverage. This coverage pays for injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.
Because many people have only the minimum liability required by law, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is a good idea.
This coverage pays for damage to your Silverado 1500 resulting from colliding with another car or object. A deductible applies and the rest of the damage will be paid by collision coverage.
Collision coverage pays for claims such as hitting a mailbox, scraping a guard rail, sustaining damage from a pot hole, colliding with a tree and hitting a parking meter. Collision coverage makes up a good portion of your premium, so you might think about dropping it from older vehicles. You can also increase the deductible to get cheaper collision coverage.
Coverage for medical payments and/or PIP pay for expenses like rehabilitation expenses, EMT expenses, X-ray expenses and nursing services. They can be used to cover expenses not covered by your health insurance policy or if there is no health insurance coverage. Coverage applies to both the driver and occupants in addition to if you are hit as a while walking down the street. PIP is not an option in every state but it provides additional coverages not offered by medical payments coverage
Comprehensive insurance coverage covers damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible then your comprehensive coverage will pay.
Comprehensive coverage pays for claims such as fire damage, falling objects, hitting a bird and damage from a tornado or hurricane. The most your insurance company will pay is the market value of your vehicle, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.
As you restructure your insurance plan, it’s very important that you do not buy lower coverage limits just to save a few bucks. There are too many instances where an insured dropped uninsured motorist or liability limits only to discover later that it was a big mistake. Your aim should be to buy the best coverage you can find for the lowest cost and still be able to protect your assets.
Throughout this article, we presented many ways to compare 2005 Chevy Silverado 1500 insurance prices online. It’s most important to understand that the more times you quote, the higher the chance of saving money. You may even find the lowest prices are with a small local company. They often have lower rates on specific markets than the large multi-state companies such as State Farm or Progressive.
More affordable auto insurance can be found both online and with local insurance agents, and you need to price shop both to get a complete price analysis. Some insurance companies do not provide the ability to get quotes online and usually these regional insurance providers prefer to sell through local independent agencies.
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