Lower Your 2011 Chevrolet Silverado 1500 Car Insurance Quotes

There isn’t a single person who anticipates paying for insurance, in particular when they could lower their rates if they shopped around.

Lots of insurers contend for your insurance dollar, and because of this it can be hard to compare auto insurance companies and uncover the absolute lowest rate

It’s a great practice to compare prices every six months since insurance prices are rarely the same from one policy term to another. Just because you found the lowest rate for Silverado coverage a few years ago you will most likely find a better premium rate today. Forget all the misinformation about insurance because you’re about to learn one of the best ways to find better rates and still maintain coverage.

You may qualify for discounts

Car insurance can cost a lot, but discounts can save money and there are some available that you may not know about. Some of these disounts will be visible at quote time, but occassionally some discounts must be specially asked for in order for you to get them.

  • Paperwork-free – Some of the larger companies will give you a small discount just for signing your application online.
  • First Accident Forgiveness – Not a discount per se, but a handful of insurance companies allow you one accident without the usual rate increase as long as you don’t have any claims for a particular time prior to the accident.
  • Homeowners Pay Less – Owning your own home or condo can earn you a little savings since owning and maintaining a home is proof of financial responsibility.
  • Military Rewards – Being deployed in the military can result in better premium rates.
  • Theft Prevention System – Anti-theft and alarm system equipped vehicles have a lower chance of being stolen and earn discounts up to 10% off your auto insurance quote.
  • Discount for Multiple Policies – When you combine your auto and home insurance and insure them with the same company they may give you a discount of over 10 percent off each policy depending on the company.
  • Accident-Free Discounts – Drivers who stay claim-free have much lower rates as opposed to frequent claim filers.
  • Anti-lock Brakes – Cars and trucks that have steering control and anti-lock brakes are safer to drive and the ABS can save up to 10%.
  • Renewal Discounts – Some insurance companies reward drivers for switching to them prior to the expiration date on your current policy. It can save you around 10%.
  • Resident Student – Youth drivers who are enrolled in higher education away from home and do not have a car can receive lower rates.

A little note about advertised discounts, most discounts do not apply to the overall cost of the policy. Some only reduce the cost of specific coverages such as comprehensive or collision. Just because you may think all those discounts means the company will pay you, it just doesn’t work that way.

A few popular companies and some of the discounts can be read below.

  • Progressive offers premium reductions for homeowner, good student, online signing, multi-policy, continuous coverage, online quote discount, and multi-vehicle.
  • MetLife has savings for good driver, defensive driver, claim-free, good student, and accident-free.
  • Mercury Insurance offers discounts including location of vehicle, age of vehicle, professional/association, type of vehicle, and annual mileage.
  • Nationwide may offer discounts for business or organization, defensive driving, easy pay, family plan, good student, and Farm Bureau membership.
  • GEICO offers discounts for multi-vehicle, anti-lock brakes, military active duty, daytime running lights, and membership and employees.
  • AAA includes discounts for good student, pay-in-full, AAA membership discount, good driver, and anti-theft.

Before purchasing a policy, check with each company to apply every possible discount. A few discounts may not be available everywhere. To see a list of insurers with discount rates, click here.

There’s no such thing as the perfect insurance coverage policy

When it comes to buying adequate coverage for your personal vehicles, there really is not a “best” method to buy coverage. Coverage needs to be tailored to your specific needs and your policy should reflect that. For example, these questions can aid in determining if your situation could use an agent’s help.

  • Is my nanny covered when driving my vehicle?
  • Am I better off with higher deductibles on my 2011 Chevy Silverado 1500?
  • When can my company non-renew my policy?
  • Am I covered if I crash into my own garage door?
  • Am I covered when driving in Canada or Mexico?
  • Does my policy pay for OEM or aftermarket parts?
  • Where can I find DUI or SR-22 insurance?

If you don’t know the answers to these questions, you might consider talking to an insurance agent. To find an agent in your area, simply complete this short form or go to this page to view a list of companies.

Well known brands might not be cheapest

Companies like Allstate and Progressive continually stream television, radio, and online ads. All the companies make the same claim that drivers can save some big amount just by switching your car insurance coverage to their company. It sounds good, but how can they all make the same claim? This is the trick they use.

Different companies have a preferred profile for the type of customer that makes them money. For example, a profitable customer may be a married female, has never had a policy lapse, and drives less than 10,000 miles a year. A propective insured that matches those criteria will get low prices and is almost guaranteed to save a lot if they switch.

Drivers who are not a match for the requirements will see a more expensive rate and this results in the customer not buying. The ads say “drivers that switch” not “all people who quote” save that much when switching. That is how insurance companies can advertise the savings. Because of the profiling, you need to compare as many free auto insurance quotes as you can. It is impossible to predict which company will have the best auto insurance rates at this point in time.

Specifics of your insurance policy

Knowing the specifics of your policy can be of help when determining the right coverages for your vehicles. Policy terminology can be ambiguous and even agents have difficulty translating policy wording. Listed below are typical coverages found on the average insurance policy.

Comprehensive insurance – This pays for damage caused by mother nature, theft, vandalism and other events. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.

Comprehensive insurance covers things like damage from getting keyed, falling objects, hitting a bird and damage from a tornado or hurricane. The maximum payout a insurance company will pay at claim time is the cash value of the vehicle, so if the vehicle’s value is low consider dropping full coverage.

Liability – This provides protection from injuries or damage you cause to a person or their property. It protects you against other people’s claims. 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. Your policy might show policy 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 $25,000 of coverage for damaged propery.

Liability coverage protects against things such as medical services, pain and suffering, loss of income and emergency aid. How much liability should you purchase? That is up to you, but it’s cheap coverage so purchase as high a limit as you can afford.

Coverage for medical expenses – Med pay and PIP coverage reimburse you for immediate expenses for X-ray expenses, EMT expenses, chiropractic care and hospital visits. They are often used in conjunction with a health insurance program or if you are not covered by health insurance. Coverage applies to both the driver and occupants in addition to getting struck while a pedestrian. PIP is not universally available and may carry a deductible

Collision coverage – This coverage pays to fix your vehicle from damage caused by collision with another car or object. You will need to pay your deductible and then insurance will cover the remainder.

Collision can pay for claims like damaging your car on a curb, rolling your car and colliding with a tree. Collision coverage makes up a good portion of your premium, so consider dropping it from older vehicles. It’s also possible to choose a higher deductible in order to get cheaper collision rates.

Coverage for uninsured or underinsured drivers – This coverage protects you and your vehicle’s occupants when other motorists either have no liability insurance or not enough. This coverage pays for medical payments for you and your occupants and also any damage incurred to your Chevy Silverado 1500.

Due to the fact that many drivers only carry the minimum required liability limits, their liability coverage can quickly be exhausted. So UM/UIM coverage should not be overlooked.

In Summary

Cheap 2011 Chevy Silverado 1500 insurance is available on the web and with local insurance agents, and you should be comparing both to get a complete price analysis. Some insurance companies do not provide rate quotes online and most of the time these regional carriers only sell coverage through independent agencies.

While you’re price shopping online, make sure you don’t reduce needed coverages to save money. Too many times, an insured cut physical damage coverage only to discover later that their decision to reduce coverage ended up costing them more. Your goal should be to purchase plenty of coverage at the lowest possible cost but still have enough coverage for asset protection.

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