2014 Chevrolet Silverado 1500 Insurance Rates

Have you had enough of sacrificing other expenses each month for insurance? Your situation is no different than the majority of other people.

You have so many car insurance companies to insure vehicles with, and although it’s a good thing to have multiple companies, lots of choices makes it harder to find the best rates for your vehicles.

Finding affordable coverage is easy if you know what you’re doing. Just about every vehicle owner who shops for insurance coverage should be able to cut their insurance bill. But consumers do need to understand how insurance companies determine prices.

How to get affordable insurance coverage

Performing a rate comparison can take time and effort if you aren’t aware of the most efficient way. You could waste time talking to insurance companies in your area, or you could save time and use the internet to quickly compare rates.

Most car insurance companies belong to an insurance system where insurance shoppers enter their policy data once, and every company can give them a price based on the submitted data. This system prevents you from having to do quote forms for each company. To find out how much you can save on insurance coverage click here to start a free quote.

The only drawback to doing it this way is you can’t choose which insurance companies you want pricing from. If you would rather choose specific insurance companies to compare, we have a listing of insurance coverage companies in your area. Click here for list of insurance companies.

Compare rates however you want, just ensure you’re using the exact same deductibles and coverage limits with each company. If you enter different liability limits it will be next to impossible to truly determine the lowest rate. Having just a slight variation in insurance coverages or limits can mean a large discrepancy in price. Keep in mind that quoting more helps you find a better price.

The largest companies are not always cheapest

Big name companies like Progressive, GEICO, Allstate and State Farm constantly bombard you with television, radio, and online ads. They all seem to make an identical promise of big savings if you change to their company. How can each company charge you a lower premium? It’s all in the words they use.

All the different companies quote their best rates for the type of driver that will not have excessive claims. For example, this type of driver might have to be between the ages of 30 and 50, owns their home, and drives a lower-performance vehicle. A propective insured that hits that “sweet spot” will qualify for the lowest car insurance rates and will most likely save quite a bit of money when switching.

People who don’t measure up to these standards will get more expensive rates with the end result being the customer buying from someone else. If you pay close attention to the ads, they say “customers that switch” not “everyone who quotes” save that much when switching. That’s why companies can truthfully make those claims. Different companies use different criteria so it is so important to do a rate comparison at every renewal. It’s not possible to predict which company will have the lowest rates.

Use discounts on auto insurance

Some companies do not advertise every possible discount in an easy-to-find place, so the below list has some of the best known as well as the least known discounts that you may qualify for.

  • Accident-Free Discounts – Good drivers with no accidents pay less compared to drivers who are more careless.
  • Discounts for New Vehicles – Insuring a vehicle that is new can save up to 30% since new model year vehicles are generally safer.
  • ABS and Traction Control Discounts – Cars with ABS braking systems or traction control can reduce accidents and earn discounts up to 10%.
  • Military Discounts – Being on active deployment in the military can result in better rates.
  • Passive Restraints – Options like air bags and/or automatic seat belt systems may get savings of 20% or more.

As is typical with insurance, some credits don’t apply to the overall cost of the policy. The majority will only reduce the price of certain insurance coverages like liability and collision coverage. Despite the fact that it seems like you would end up receiving a 100% discount, you won’t be that lucky.

To view auto insurance companies who offer discounts, click here.

Tailor your insurance coverage to you

When it comes to buying the best insurance coverage, there isn’t really a best way to insure your cars. Coverage needs to be tailored to your specific needs and a cookie cutter policy won’t apply. Here are some questions about coverages that might point out whether your personal situation may require specific advice.

  • Do I need an umbrella policy?
  • Am I covered by my spouse’s policy after a separation?
  • Why do I only qualify for high-risk insurance?
  • Should I have combined single limit or split liability limits?
  • How can I find cheaper teen driver insurance?
  • Is my 2014 Chevy Silverado 1500 covered for flood damage?
  • Do I need rental car coverage?
  • Are rental cars covered under my policy?
  • Should I buy more coverage than the required minimum liability coverage?
  • Do I need PIP (personal injury protection) coverage in my state?

If you’re not sure about those questions but you think they might apply to your situation then you might want to talk to an agent. To find lower rates from a local agent, fill out this quick form or click here for a list of insurance companies in your area.

Information about specific coverages

Knowing the specifics of your auto insurance policy aids in choosing which coverages you need at the best deductibles and correct limits. Auto insurance terms can be difficult to understand and coverage can change by endorsement. Shown next are typical coverages offered by auto insurance companies.

UM/UIM Coverage

This protects you and your vehicle when the “other guys” either are underinsured or have no liability coverage at all. Covered claims include medical payments for you and your occupants and damage to your 2014 Chevy Silverado 1500.

Because many people only purchase the least amount of liability that is required, their limits can quickly be used up. For this reason, having high UM/UIM coverages should not be overlooked.

Collision coverage protection

Collision insurance pays to fix your vehicle from damage from colliding with another car or object. You first must pay a deductible and then insurance will cover the remainder.

Collision can pay for things like crashing into a building, rolling your car, scraping a guard rail and colliding with another moving vehicle. Paying for collision coverage can be pricey, so consider dropping it from vehicles that are 8 years or older. You can also bump up the deductible to get cheaper collision coverage.

Comprehensive or Other Than Collision

This will pay to fix damage from a wide range of events other than collision. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive can pay for claims like fire damage, theft and falling objects. The most 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 consider removing comprehensive coverage.

Medical costs insurance

Med pay and PIP coverage reimburse you for short-term medical expenses such as doctor visits, X-ray expenses, hospital visits and ambulance fees. They can be used in conjunction with a health insurance plan or if you lack health insurance entirely. It covers both the driver and occupants and also covers if you are hit as a while walking down the street. Personal injury protection coverage is not universally available and may carry a deductible

Coverage for liability

This can cover damages or injuries you inflict on other people or property. This insurance protects YOU against claims from other people. Liability doesn’t cover your own vehicle damage or injuries.

Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see limits of 25/50/25 which stand for a limit of $25,000 per injured person, a per accident bodily injury limit of $50,000, and a limit of $25,000 paid for damaged property.

Liability can pay for claims such as loss of income, court costs and medical services. The amount of liability coverage you purchase is a personal decision, but it’s cheap coverage so purchase higher limits if possible.

Saving money is sweet as honey

We just covered some good ideas how you can compare 2014 Chevy Silverado 1500 insurance prices online. It’s most important to understand that the more rate quotes you have, the higher the chance of saving money. You may even find the most savings is with an unexpected company. Regional companies may often insure only within specific states and give getter rates as compared to the big name companies such as Progressive or GEICO.

When searching for affordable insurance quotes, it’s a bad idea to buy lower coverage limits just to save a few bucks. There are many occasions where someone sacrificed collision coverage and found out when filing a claim that they should have had better coverage. Your aim should be to buy enough coverage at the lowest possible cost and still be able to protect your assets.

More detailed insurance coverage information can be read in the articles below: