2016 Chevrolet Silverado 1500 Car Insurance Quotes – 5 Ways to Save

Trying to find the cheapest insurance rates for your Chevrolet Silverado 1500? Are you drained from sacrificing to insure your Chevy every month? You are no different than most other consumers.

Companies like Allstate, Progressive and GEICO all claim big savings with advertising and it is difficult to ignore the flying pigs and cute green geckos and take the time to shop coverage around.

If you have car insurance now, you should be able to lower your premiums substantially using these methods. Finding the best rates is easy if you know what you’re doing. But drivers should learn the way insurance companies market insurance on the web because it can help you find the best coverage.

How to get free insurance coverage quotes online

There are a lot of ways you can shop for insurance coverage and some are less labor-intensive and much quicker. You could waste a few hours discussing policy coverages with agents in your area, or you can utilize the web to quickly compare rates.

All the larger companies are enrolled in a marketplace that allows shoppers to enter their policy data once, and each company provides a quote based on that information. This prevents consumers from doing quotation requests to every company.

To find out how much you can save on insurance coverage click to open in new window.

One minor caviat to pricing coverage this way is that you can’t choose which insurance companies you want to price. If you would rather choose specific insurance companies to receive pricing from, we have assembled a list of companies who write insurance coverage in your area. Click to view list.

You can choose any of those ways to find more affodable coverage, but ensure you’re using the same coverages for every quote you compare. If the quotes have different deductibles you will not be able to make a fair rate comparison. Just a small difference in coverages can result in a big premium difference. Keep in mind that comparing more quotes will improve the odds of getting a lower rate than you’re paying now. Not every company provides online quotes, so it’s necessary to compare prices from the smaller companies as well.

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

When choosing coverage, there really is no best way to insure your cars. Every insured’s situation is different so your insurance needs to address that. For instance, these questions might help in determining if you might need professional guidance.

  • Is a blown tire covered by insurance?
  • Does insurance cover damages from a DUI accident?
  • Does my policy pay for OEM or aftermarket parts?
  • If my 2016 Chevy Silverado 1500 is totaled, can I afford another vehicle?
  • Who is covered by my policy?
  • Which companies will insure high-risk drivers?

If you can’t answer these questions but one or more may apply to you, you might consider talking to an insurance agent. If you want to speak to an agent in your area, fill out this quick form or go to this page to view a list of companies.

Coverages available on your car insurance policy

Understanding the coverages of a car insurance policy aids in choosing which coverages you need at the best deductibles and correct limits. Car insurance terms can be impossible to understand and reading a policy is terribly boring. Below you’ll find the normal coverages found on most car insurance policies.

Comprehensive (Other than Collision) – This coverage pays for damage that is not covered by collision coverage. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for things like hitting a deer, vandalism, a broken windshield and damage from flooding. The highest amount you can receive from a comprehensive claim is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.

Medical expense insurance – Coverage for medical payments and/or PIP pay for bills such as hospital visits, doctor visits, nursing services, funeral costs and EMT expenses. The coverages can be used to fill the gap from your health insurance program or if there is no health insurance coverage. Coverage applies to not only the driver but also the vehicle occupants in addition to if you are hit as a while walking down the street. Personal injury protection coverage is not universally available but it provides additional coverages not offered by medical payments coverage

Liability coverage – Liability insurance can cover damages or injuries you inflict on people or other property by causing an accident. This coverage protects you from claims by other people, and doesn’t cover damage sustained by your vehicle in an accident.

It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see policy limits of 100/300/100 that translate to a $100,000 limit per person for injuries, a per accident bodily injury limit of $300,000, and $100,000 of coverage for damaged propery.

Liability coverage protects against claims such as bail bonds, court costs, attorney fees, legal defense fees and medical expenses. How much liability should you purchase? That is a decision to put some thought into, but it’s cheap coverage so purchase as much as you can afford.

Collision coverage – This pays for damage to your Silverado 1500 caused by collision with a stationary object or other vehicle. You will need to pay your deductible then the remaining damage will be paid by your insurance company.

Collision coverage protects against claims like colliding with another moving vehicle, sideswiping another vehicle, hitting a mailbox and colliding with a tree. Collision is rather expensive coverage, so consider removing coverage from older vehicles. Another option is to increase the deductible to bring the cost down.

Protection from uninsured/underinsured drivers – This provides protection from other drivers when they either have no liability insurance or not enough. Covered losses include medical payments for you and your occupants and damage to your Chevy Silverado 1500.

Due to the fact that many drivers have only the minimum liability required by law, it only takes a small accident to exceed their coverage. So UM/UIM coverage is a good idea.