2010 Chevrolet Silverado 1500 Insurance Quotes

Shoppers have a choice when shopping for affordable Chevy Silverado 1500 insurance. They can either spend hours contacting agents to compare prices or use the internet to find the lowest rates. There is a better way to compare insurance rates and we’ll show you the quickest way to quote coverages for your Chevy and find the lowest price from local insurance agents and online providers.

Smart consumers take time to do price comparisons yearly because insurance prices are rarely the same from one policy term to another. Even if you got the best rates on Silverado insurance last year a different company probably has better rate quotes today. There is too much inaccurate information about insurance online but in just a couple of minutes you can learn some solid techniques on how to buy insurance cheaper.

The most recommended method to compare rate quotes is to know the fact almost all companies allow for online access to give you rate quotes. The only thing you need to do is spend a couple of minutes providing details including if it has an anti-theft system, which vehicles you own, your education level, and whether your vehicle is owned or leased. Your insurance information is then sent to all major companies and you receive quotes with very little delay.

Insurance premiums are influenced by these factors

Consumers need to have an understanding of the rating factors that help determine insurance rates. If you understand what determines premiums, this helps enable you to make changes that could help you find much lower annual insurance costs.

The list below includes a few of the “ingredients” insurance companies consider when setting premiums.

  • Your vocation can affect prices – Jobs such as military personnel, business owners and miners usually pay higher premiums than the average policyholder in part from intense work requirements and long work days. Conversely, jobs such as actors, athletes and homemakers generally pay rates lower than average on Silverado insurance.
  • Teenagers vs. mature drivers – Youthful drivers are known to be less responsible in a vehicle so they pay higher insurance rates. Parents adding a inexperienced driver to your insurance policy can increase premiums substantially. Older insureds are more responsible, statistically cause fewer accidents and are safer drivers.
  • Good drivers pay the best prices – Attentive drivers have lower premiums than their less careful counterparts. Having just one citation can boost insurance rates substantially. Drivers who have gotten dangerous citations such as hit and run, DWI or reckless driving convictions might be required by their state to file a SR-22 with their state’s department of motor vehicles in order to prevent their license from being revoked.
  • Costs also based on gender – The statistics show that females tend to be a little less risky than males. This data doesn’t prove that women are better drivers. Both genders cause at-fault accidents in similar numbers, but the male of the species get into accidents with more damage. Men also receive more costly citations like DUI and reckless driving.
  • Lower rates for being claim-free – If you frequently file small claims, you can pretty much guarantee increased rates or even have your policy non-renewed. Auto insurance companies provide cheaper rates to insureds who do not file claims often. Your car insurance is meant to be used in the event of major claims that would cause financial hardship.

Discounts can really help lower rates

Companies don’t list every discount they offer very well, so we break down both the well known as well as the least known savings tricks you should be using when you buy insurance coverage online. If you are not receiving all the discounts you qualify for, you are not getting the best rate possible.

  • New Vehicle Savings – Buying a new car model can save up to 30% because new vehicles have to meet stringent safety requirements.
  • Discount for Life Insurance – Not all insurance companies offer life insurance, but some may give you better premium rates if you take out a life insurance policy as well.
  • Early Renewal Discounts – Some companies give discounts for switching policies prior to the expiration date on your current policy. It can save you around 10%.
  • Smart Student Discounts – Being a good student can get you a discount of up to 25%. Earning this discount can benefit you up to age 25.
  • ABS Braking Discount – Vehicles that have steering control and anti-lock brakes can avoid accidents so you can save 10 percent or more.
  • Low Mileage – Low annual miles could earn better rates on cars that stay parked.
  • Discounts for Cautious Drivers – Drivers who don’t get into accidents may save up to 50% more on Silverado insurance compared to rates paid by drivers with frequent claims.

It’s important to note that most of the big mark downs will not be given the the whole policy. The majority will only reduce the cost of specific coverages such as physical damage coverage or medical payments. Even though it may seem like adding up those discounts means a free policy, you’re out of luck. Any amount of discount should definitely cut your overall premium however.

A few popular companies and some of the premium reductions they offer are detailed below.

  • Farm Bureau offers discounts including multi-policy, youthful driver, safe driver, 55 and retired, and renewal discount.
  • Liberty Mutual has savings for newly married, good student, safety features, multi-policy, and hybrid vehicle.
  • State Farm may have discounts that include multiple policy, Steer Clear safe driver discount, passive restraint, good driver, multiple autos, and student away at school.
  • Auto-Owners Insurance discounts include paperless, safe vehicle, air bags, anti-theft, multi-policy, and multiple vehicles.
  • GEICO offers discounts for good student, daytime running lights, anti-lock brakes, emergency military deployment, and federal employee.
  • SAFECO includes discounts for accident prevention training, teen safety rewards, safe driver, drive less, and anti-lock brakes.

Before purchasing a policy, check with every prospective company the best way to save money. Savings might not be offered in your area. To find companies with significant discounts, click here.

Will just any policy work for me?

When choosing the right insurance coverage, there isn’t really a “perfect” insurance plan. Every situation is different.

For instance, these questions could help you determine if your situation would benefit from professional advice.

  • Do I need PIP (personal injury protection) coverage in my state?
  • How can I get my company to pay me more for my totalled car?
  • Can I make deliveries for my home business?
  • Do I really need UM/UIM coverage?
  • Can I afford to buy a different vehicle if my 2010 Chevy Silverado 1500 is totaled?
  • Will my insurance pay for OEM parts?
  • How high should my medical payments coverage be?

If you’re not sure about those questions but you know they apply to you then you might want to talk to a licensed agent. To find lower rates from a local agent, complete this form. It is quick, free and may give you better protection.

The coverage is in the details

Having a good grasp of a auto insurance policy helps when choosing the best coverages at the best deductibles and correct limits. The terms used in a policy can be difficult to understand and coverage can change by endorsement.

Coverage for liability – This can cover damage or injury you incur to other’s property or people by causing an accident. This insurance protects YOU against other people’s claims, and doesn’t 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. Your policy might show values of 25/50/25 that means you have $25,000 bodily injury coverage, a per accident bodily injury limit of $50,000, and a total limit of $25,000 for damage to vehicles and property.

Liability coverage pays for things such as repair bills for other people’s vehicles, medical expenses and emergency aid. The amount of liability coverage you purchase is a decision to put some thought into, but buy as much as you can afford.

Comprehensive coverage (or Other than Collision) – This coverage covers damage from a wide range of events other than collision. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against claims such as damage from getting keyed, hitting a deer and hail damage. The maximum amount you can receive from a comprehensive claim is the cash value of the vehicle, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

Insurance for medical payments – Coverage for medical payments and/or PIP kick in for expenses like EMT expenses, chiropractic care, nursing services and prosthetic devices. They are often utilized in addition to your health insurance policy or if you do not have health coverage. Medical payments and PIP cover not only the driver but also the vehicle occupants as well as getting struck while a pedestrian. PIP is only offered in select states and gives slightly broader coverage than med pay

Collision – Collision insurance pays for damage to your Silverado 1500 from colliding with an object or car. You have to pay a deductible then your collision coverage will kick in.

Collision coverage protects against claims like crashing into a building, scraping a guard rail, colliding with a tree and driving through your garage door. Collision is rather expensive coverage, so you might think about dropping it from older vehicles. Another option is to increase the deductible to save money on collision insurance.

Uninsured Motorist or Underinsured Motorist insurance – This coverage provides protection from other motorists when they do not carry enough liability coverage. Covered claims include injuries sustained by your vehicle’s occupants and damage to your 2010 Chevy Silverado 1500.

Due to the fact that many drivers carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important.

Compare but don’t skimp

Drivers who switch companies do it for many reasons like not issuing a premium refund, being labeled a high risk driver, high rates after DUI convictions or even poor customer service. It doesn’t matter why you want to switch choosing a new insurance company is less work than it seems.

In this article, we covered quite a bit of information on how to get a better price on 2010 Chevy Silverado 1500 insurance. The key thing to remember is the more price quotes you have, the better chance you’ll have of finding low cost insurance coverage. Consumers could even find that the lowest priced insurance comes from some of the smallest insurance companies.

There are still a few companies who do not offer rates over the internet and most of the time these smaller companies work with independent insurance agencies. Budget-conscious 2010 Chevy Silverado 1500 insurance can be found from both online companies and from local insurance agents, and you need to comparison shop both so you have a total pricing picture.

Additional insurance information can be read at the links below