How Much Does 2012 Chevrolet Silverado 1500 Insurance Cost?

Searching for lower-cost insurance may be somewhat difficult for consumers that are not comfortable with quoting and comparison shopping on the web. With more and more online companies, how can anyone effectively compare every company in order to find the best available rates?

You should make it a habit to quote other rates periodically because rates trend upward over time. If you had the best rate for Silverado coverage a couple years back you can probably find a lower rate today. Forget all the misinformation about insurance because it’s time to teach you the fastest and easiest way to reduce your cost while increasing coverage.

Don’t miss these discounts

Insurance is easily one of your largest bills, but you might find some hidden discounts that many people don’t even know exist. Some trigger automatically when you quote, but less common discounts must be specially asked for before being credited.

  • Drive Less and Save – Driving fewer miles may allow you to get slightly better rates than normal.
  • Payment Method – If you can afford to pay the entire bill as opposed to paying monthly you could save 5% or more.
  • Discount for New Cars – Putting coverage on a new car can save you some money because newer vehicles are generally safer.
  • Defensive Driver Discounts – Participating in a driver safety course can save you 5% or more and make you a better driver.
  • Theft Deterent – Cars and trucks equipped with anti-theft or alarm systems are stolen with less frequency and therefore earn up to a 10% discount.
  • Driver’s Ed – Cut your cost by having your teen driver take driver’s ed class as it will make them better drivers and lower rates.
  • Active Service Discounts – Being on active duty in the military could trigger a small discount.

Don’t be shocked that most discount credits are not given to the entire policy premium. A few only apply to specific coverage prices like comp or med pay. Despite the fact that it seems like all those discounts means the company will pay you, you aren’t that lucky.

A list of insurance companies and some of the discounts include:

  • GEICO offers premium reductions for federal employee, good student, seat belt use, anti-lock brakes, multi-policy, driver training, and emergency military deployment.
  • Travelers may offer discounts for save driver, multi-car, good student, continuous insurance, early quote, and hybrid/electric vehicle.
  • Farm Bureau may have discounts that include safe driver, youthful driver, 55 and retired, multi-vehicle, good student, and renewal discount.
  • Liberty Mutual has savings for new graduate, new vehicle discount, preferred payment discount, multi-policy, safety features, newly retired, and hybrid vehicle.
  • American Family offers discounts including defensive driver, good student, multi-vehicle, air bags, good driver, and Steer into Savings.
  • Progressive offers discounts for online signing, online quote discount, multi-policy, good student, multi-vehicle, continuous coverage, and homeowner.

When getting a coverage quote, ask all companies you are considering which discounts you may be entitled to. Some credits may not apply to policyholders in your state. If you would like to see a list of providers that have a full spectrum of discounts, click here to view.

Chevy Silverado 1500 insurance rates can be more affordable

Lots of things are part of the calculation when quoting car insurance. A few of the factors are predictable like your driving record, but other factors are more transparent such as your credit history and annual miles driven.

  • Liability coverage claims can be big – Your insurance policy’s liability coverage kicks in if a jury decides you are liable for personal injury or accident damage. This coverage provides legal defense which can cost thousands of dollars. Liability is cheap when compared with rates for comp and collision, so insureds should have plenty of protection for their assets.
  • Low mileage costs less – Driving a lot of miles in a year the more you’ll pay to insure it. The majority of insurers apply a rate based upon how the vehicle is primarily used. Cars and trucks not used for work or commuting cost less to insure than vehicles that have high annual mileage. Verify your insurance policy shows the right rating data, because improper ratings can cost you money. Improper usage on your Silverado 1500 may be wasting your money.
  • File insurance claims and pay more – Auto insurance companies give discounts to people who only file infrequent claims. If you file claims often, you can expect either a policy non-renewal or much higher rates. Auto insurance is designed for claims that pose a financial burden.
  • Is you vocation costing you more? – Do you work in a high-stress field? Occupational choices like doctors, social workers and accountants tend to have higher premiums than the average policyholder due to stressful work requirements and incredibly demanding work hours. On the flip side, jobs like farmers, students and retirees generally pay rates lower than average for Silverado coverage.
  • Tickets and citations cost more than a fine – Getting just one speeding ticket or other violation can increase rates by twenty percent. Drivers who don’t get tickets tend to pay less for car insurance as compared to those with violations. Drivers who have severe violations like reckless driving, hit and run or driving under the influence may face state-mandated requirements to submit a SR-22 form with their state DMV in order to keep their license.
  • GPS tracking and theft deterrents lowers insurance rates – Owning a car that has a built-in theft deterrent system can earn a premium discount. Advanced theft deterrents such as vehicle immobilizer systems, OnStar, and tracking devices like LoJack help track and prevent your car from being stolen.
  • Married drivers pay lower premiums – Having a spouse actually saves money when buying insurance. It demonstrates that you tend to be more financially stable and it’s statistically proven that being married results in fewer claims.
  • Always keep your insurance policy in place – Not maintaining insurance is a big no-no and your next policy will cost more because you let your insurance lapse for non-payment. In addition to paying higher premiums, not being able to provide proof of insurance could earn you fines or a revoked license.

Special considerations

When choosing the best insurance coverage for your vehicles, there isn’t really a cookie cutter policy. Your needs are not the same as everyone else’s.

These are some specific questions can aid in determining if you might need professional guidance.

  • Does coverage extend to my business vehicle?
  • How much liability insurance is required?
  • Can I still get insurance after a DUI?
  • Will filing a claim cost me more?
  • Can I drive in Mexico and have coverage?
  • Does liability extend to a camper or trailer?
  • Is a fancy paint job covered?

If you’re not sure about those questions but you think they might apply to your situation, then you may want to think about talking to a licensed insurance agent. If you don’t have a local agent, simply complete this short form.

Insurance coverage options for a Chevy Silverado 1500

Knowing the specifics of your policy aids in choosing the right coverages for your vehicles. Policy terminology can be ambiguous and coverage can change by endorsement.

Comprehensive protection

Comprehensive insurance will pay to fix damage from a wide range of events other than collision. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive coverage pays for things like vandalism, a tree branch falling on your vehicle and a broken windshield. The highest amount you’ll receive from a claim is the actual cash value, so if the vehicle is not worth much consider removing comprehensive coverage.

Uninsured or underinsured coverage

Your UM/UIM coverage gives you protection from other drivers when they are uninsured or don’t have enough coverage. Covered losses include hospital bills for your injuries as well as damage to your Chevy Silverado 1500.

Since a lot of drivers carry very low liability coverage limits, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked. Most of the time these coverages are similar to your liability insurance amounts.

Collision protection

This pays to fix your vehicle from damage caused by collision with an object or car. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision can pay for claims like sustaining damage from a pot hole, colliding with another moving vehicle and hitting a mailbox. Paying for collision coverage can be pricey, so consider removing coverage from vehicles that are 8 years or older. You can also raise the deductible to get cheaper collision coverage.

Medical expense coverage

Coverage for medical payments and/or PIP provide coverage for short-term medical expenses such as chiropractic care, EMT expenses, funeral costs and nursing services. They are used to fill the gap from your health insurance policy or if you lack health insurance entirely. They cover all vehicle occupants in addition to if you are hit as a while walking down the street. PIP is not available in all states but it provides additional coverages not offered by medical payments coverage

Liability auto insurance

This provides protection from injuries or damage you cause to other people or property that is your fault. This coverage protects you from legal claims by others, and doesn’t cover your injuries or vehicle damage.

Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see liability limits of 25/50/25 which means $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. Some companies may use one number which is a combined single limit which combines the three limits into one amount with no separate limits for injury or property damage.

Liability coverage protects against things such as emergency aid, pain and suffering and attorney fees. How much liability should you purchase? That is up to you, but buy higher limits if possible.

More quotes. Lower rates.

We covered some good ideas how you can lower your 2012 Chevy Silverado 1500 insurance rates. The key concept to understand is the more companies you get car insurance rates for, the higher the chance of saving money. Drivers may discover the most savings is with the smaller companies.

When trying to cut insurance costs, it’s not a good idea to reduce coverage to reduce premium. In many instances, consumers will sacrifice comprehensive coverage or liability limits and discovered at claim time that it was a big error on their part. Your aim should be to buy a smart amount of coverage for the lowest cost, but do not skimp to save money.

There are still a few companies who may not have online quoting and these regional insurance providers only sell through independent insurance agents. Cost effective 2012 Chevy Silverado 1500 insurance is possible online and from local insurance agents, and you need to price shop both in order to have the best chance of saving money.

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