View 2001 Chevrolet Silverado 1500 Insurance Quotes

Want cheaper car insurance rates for your Chevrolet Silverado 1500? Nobody that owns a car is fond of buying car insurance, especially when the cost is too high.

Multiple insurers compete for your business, and because of this it can be hard to compare car insurance companies to find the absolute cheapest price

It’s smart to take a look at other company’s rates once or twice a year because car insurance prices are variable and change quite frequently. Just because you had the lowest quotes on Silverado coverage at your last renewal there may be better deals available now. Block out anything you think you know about car insurance because I’m going to let you in on the secrets to the fastest way to eliminate unnecessary coverages and save money.

Learn how to lower your insurance rates

Part of the auto insurance buying process is learning the factors that are used to determine auto insurance rates. If you have some idea of what impacts premium levels, this empowers consumers to make smart changes that could result in lower rates.

• Rental and towing coverage may not be needed – There are a ton of extra bells and whistles that can add up when buying auto insurance. Insurance for rental car coverage, towing, and additional equipment coverage are some examples. These coverages may sound good when you first buy your policy, but if you don’t need them get rid of them and save.
• Less chance of injury means lower prices – Vehicles with good safety scores tend to have better insurance rates. Highly rated vehicles reduce injuries and fewer serious injuries means less money paid by your insurance company passed on to you as lower rates. If your Chevy Silverado 1500 is rated at a minimum four stars on Safercar.gov or an “acceptable” rating on iihs.org it is probably cheaper to insure.
• Women pay lower costs – Statistics show women are more cautious behind the wheel. The data does not necessarily mean that women are better drivers. Both sexes are responsible for auto accidents in similar numbers, but guys tend to have more serious accidents. Men also get higher numbers of serious violations like reckless driving and DUI. Young men ages 16 to 20 cause the most accidents and thus pay the highest rates.
• Don’t let your auto insurance lapse – Allowing your coverage to lapse will be a fast way to increase your renewal premiums. Not only will you pay more, failure to provide proof of insurance could earn you fines or a revoked license. Then you may be required to file a SR-22 with your state department of motor vehicles.

You may qualify for discounts

Some insurers do not list every possible discount in a way that’s easy to find, so the following is a list of both well-publicized and also the more inconspicuous discounts you could be receiving when you buy auto insurance online.

• Theft Prevention System – Cars equipped with tracking devices and advanced anti-theft systems are stolen with less frequency and will save you 10% or more.
• Switch and Save Discount – Some companies give discounts for switching policies prior to the expiration date on your current policy. This can save 10% or more.
• Save with More Vehicles Insured – Insuring more than one vehicle on a single policy can reduce the rates for all insured vehicles.
• New Car Discount – Insuring a new car can cost up to 25% less due to better safety requirements for new model year vehicles.
• Driver Education Discount – Cut your cost by having your teen driver enroll in driver’s education in high school.
• Discount for Passive Restraints – Factory options such as air bags may get savings of 20 to 30 percent.

As is typical with insurance, most of the big mark downs will not be given the the whole policy. Some only reduce the price of certain insurance coverages like liability, collision or medical payments. Even though it appears having all the discounts means you get insurance for free, it doesn’t quite work that way.

Car insurance companies that possibly offer some of the above discounts possibly include:

• Geico
• Auto-Owners Insurance
• American Family
• Esurance
• Progressive
• State Farm
• AAA

When getting a coverage quote, ask each company or agent which credits you are entitled to. Some credits might not apply in your state. If you would like to view companies that offer the discounts shown above, click here.

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

When it comes to choosing adequate coverage, there really is not a “best” method to buy coverage. Every insured’s situation is different so your insurance should reflect that Here are some questions about coverages that might point out if you will benefit from professional help.

• Is my cargo covered for damage or theft?
• Should I sign the liability waiver when renting a car?
• Do I need higher collision deductibles?
• When can my company non-renew my policy?
• Is other people’s property covered if stolen from my vehicle?
• Is my teenager covered with friends in the car?
• If my pet gets injured in an accident are they covered?
• Is motorclub coverage worth it?
• Can I drive in Mexico and have coverage?

If it’s difficult to answer those questions but you think they might apply to your situation then you might want to talk to an agent. If you want to speak to an agent in your area, simply complete this short form or click here for a list of insurance coverage companies in your area.

Insurance specifics

Having a good grasp of a insurance policy can help you determine which coverages you need at the best deductibles and correct limits. The terms used in a policy can be ambiguous and even agents have difficulty translating policy wording. Listed below are typical coverage types offered by insurance companies.

Collision coverages – This coverage will pay to fix damage to your Silverado 1500 resulting from colliding with another car or object. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision coverage protects against claims like colliding with another moving vehicle, crashing into a building, hitting a mailbox and colliding with a tree. Paying for collision coverage can be pricey, so consider removing coverage from older vehicles. It’s also possible to raise the deductible in order to get cheaper collision rates.

Comprehensive (Other than Collision) – Comprehensive insurance coverage covers damage that is not covered by collision coverage. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive can pay for claims like a broken windshield, rock chips in glass, theft, hitting a bird and damage from a tornado or hurricane. The maximum payout you’ll receive from a claim is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.

Medical expense insurance – Med pay and PIP coverage kick in for bills such as rehabilitation expenses, dental work and ambulance fees. They are often used in conjunction with a health insurance policy or if you do not have health coverage. Medical payments and PIP cover both the driver and occupants and also covers any family member struck as a pedestrian. Personal Injury Protection is not an option in every state and may carry a deductible

Protection from uninsured/underinsured drivers – Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants when the “other guys” do not carry enough liability coverage. This coverage pays for injuries to you and your family as well as your vehicle’s damage.

Due to the fact that many drivers only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages should not be overlooked. Most of the time these limits are set the same as your liablity limits.

Liability auto insurance – This coverage will cover injuries or damage you cause to a person or their property by causing an accident. This insurance protects YOU against other people’s claims, and does not provide coverage for damage sustained by your vehicle in an accident.

Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see liability limits of 25/50/25 which stand for a limit of $25,000 per injured person, a limit of $50,000 in injury protection per accident, and $25,000 of coverage for damaged propery. Occasionally you may see one limit called combined single limit (CSL) which provides one coverage limit without having the split limit caps.

Liability coverage protects against claims like structural damage, pain and suffering, repair bills for other people’s vehicles, repair costs for stationary objects and emergency aid. How much coverage you buy is your choice, but it’s cheap coverage so purchase as high a limit as you can afford.

Power to the consumer

When you buy auto insurance online, don’t be tempted to reduce coverage to reduce premium. There are too many instances where consumers will sacrifice full coverage only to find out that they should have had better coverage. The proper strategy is to purchase plenty of coverage for the lowest cost and still be able to protect your assets.

We covered a lot of techniques to lower your 2001 Chevy Silverado 1500 insurance car insurance rates. The most important thing to understand is the more you quote auto insurance, the better chance you’ll have of finding affordable auto insurance. Drivers may discover the lowest car insurance rates come from a small mutual company. Smaller companies may have significantly lower premium rates on certain market segments than the large multi-state companies such as Progressive or Geico.

Even more information can be found in these articles:

• Bodily Injury Coverage (Liberty Mutual)
• Vehicle Size and Weight FAQ (iihs.org)
• Five Steps to Filing an Auto Insurance Claim (Insurance Information Insitute)
• Cellphones, Texting and Driving (iihs.org)