Save on 2007 Chevrolet Silverado 1500 Classic Car Insurance Quotes

Finding cheaper rates on Driverscar insurance is difficult for drivers who are new to quoting coverage prices online. People have so many options that it can easily turn into a difficult mission to find more affordable prices.

If you currently have car insurance, you will be able to reduce your rates substantially using this information. Shopping for the best protection is simple if you know the tricks. Although drivers can benefit from knowing the methods companies use to price insurance differently and take advantage of how the system works.

The cheapest car insurance

Performing a rate comparison can take time and effort if you don’t know the best way to get rate quotes. You can waste a few hours (or days) talking to insurance companies in your area, or you can stay home and use the web to quickly compare rates.

Most major companies belong to a marketplace that enables customers to enter their coverage request one time, and each company returns a competitive quote. This prevents consumers from doing quote requests to every company.

To compare pricing click here to open in new window.

The one disadvantage to doing it this way is you cannot specify which companies to get pricing from. So if you prefer to pick from a list of companies to compare prices, we have a page of low cost car insurance companies in your area. Click here to view list.

Take whichever approach you prefer, but ensure you are comparing equivalent quote data on every quote. If you are comparing different limits and deductibles on each one it will be impossible to decipher which rate is best. Just a small difference in limits can make a big difference in price. It’s important to know that comparing all the rates in your area helps locate the best offered rates. Not every company provides online price quotes, so it’s important to compare price quotes from the smaller companies as well.

Use discounts on insurance coverage

Properly insuring your vehicles can get expensive, but discounts can save money and there are some available that many consumers don’t even know exist. Many of these discounts will be applied automatically at the time you complete a quote, but less common discounts must be requested specifically before they will apply.

• Discount for Multiple Policies – When you combine your homeowners and auto insurance and insure them both with the same insurance company you could earn a discount of up to 20% off your total premium.
• College Student – who attend college more than 100 miles from home without a vehicle on campus may be able to be covered for less.
• Low Mileage Discounts – Driving fewer miles can qualify you for better prices on cars that stay parked.
• ABS Braking Discount – Cars, trucks, and SUVs that have anti-lock braking systems can reduce accidents and earn discounts up to 10%.
• Discount for Life Insurance – Larger insurance companies have better rates if you take out life insurance from them.
• No Charge for an Accident – Not necessarily a discount, but a handful of insurance companies permit an accident before they charge you more for coverage as long as you don’t have any claims for a particular time prior to the accident.
• Drive Safe and Save – Insureds who avoid accidents may receive a discount up to 45% on Silverado Classic insurance than drivers with accident claims.

As a disclaimer on discounts, some credits don’t apply to the entire policy premium. Some only apply to individual premiums such as comp or med pay. Even though it appears all those discounts means the company will pay you, company stockholders wouldn’t be very happy.

A few popular companies and some of the discounts are detailed below.

• Farm Bureau offers discounts for multi-vehicle, youthful driver, multi-policy, renewal discount, and good student.
• Liberty Mutual has discounts for exclusive group savings, new graduate, new vehicle discount, preferred payment discount, safety features, multi-car, and hybrid vehicle.
• State Farm has savings for accident-free, Steer Clear safe driver discount, multiple policy, anti-theft, defensive driving training, and safe vehicle.
• Auto-Owners Insurance may have discounts that include mature driver, company car, safe vehicle, safe driver, and anti-theft.
• Geico may offer discounts for driver training, daytime running lights, federal employee, five-year accident-free, military active duty, membership and employees, and multi-vehicle.
• SAFECO offers premium reductions for safe driver, homeowner, accident prevention training, anti-lock brakes, bundle discounts, anti-theft, and teen safety rewards.

When getting free auto insurance quotes, it’s a good idea to each company or agent to apply every possible discount. Some discounts may not be offered everywhere. To see companies that offer the discounts shown above, click here.

How insurers determine Chevy Silverado 1500 Classic insurance premiums

Lots of factors are used when you get a price on insurance. Some are obvious such as traffic violations, although some other factors are less obvious like where you live and annual miles driven.The best way to find cheaper auto insurance is to take a look at some of the things that aid in calculating the rates you pay for auto insurance. When consumers understand what impacts premium levels, this allows you to make educated decisions that may result in cheaper rates.

The items below are a few of the “ingredients” utilized by car insurance companies to help set your rates.

• Decrease premiums by maintaining coverage – Having a gap between insurance policy dates can be a fast way to increase your renewal premiums. Not only will you pay higher rates, being ticketed for driving with no insurance might get you a license revocation or jail time.
• Why do you need liability coverage? – The liability section of your policy provides coverage if ever you are found to be at fault for damages caused by your negligence. Liability insurance provides legal defense which can be incredibly expensive. This coverage is relatively inexpensive compared to comp and collision, so do not cut corners here.
• Drive less and get lower rates – The more miles you rack up on your Chevy in a year’s time the more you will pay for auto insurance. A lot of companies apply a rate based on their usage. Vehicles that are left in the garage get more affordable rates than those that get driven frequently. An improperly rated Silverado 1500 Classic may be costing you higher rates. Double check that your auto insurance coverage states the correct usage, because it can save money.
• Policy add-ons can waste money – There are a ton of optional add-on coverages that you can buy on your auto insurance policy. Things like roadside assistance, death and dismemberment, and Farm Bureau memberships could be just wasting money. These coverages may sound good when talking to your agent, but your needs may have changed so think about removing them and cutting costs.
• Buy a safe car and pay less – Vehicles that have high safety ratings get lower rates. Vehicles engineered for safety protect occupants better and reduced instances of injuries means lower claim amounts and thus lower rates. If your Chevy has ratings of a minimum four stars on Safercar.gov or an “acceptable” rating on iihs.org it may cost less to insure.
• Lower rates come with age – Youthful drivers are statistically shown to be easily distracted in a vehicle and because of this, their auto insurance rates are much higher. Parents adding a inexperienced driver to your auto insurance policy can really hurt. Mature drivers are viewed as being more responsible, are lower risk to insure and tend to be get fewer driving tickets.
• Vehicle features impact auto insurance rates – Purchasing a vehicle with an alarm system can help bring down rates. Advanced theft deterrents such as LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system all help stop car theft.
• Do males or females drive better? – Statistics demonstrate that women are safer drivers than men. Now that doesn’t mean men are worse drivers. Both sexes are in auto accidents at a similar rate, but the men get into accidents with more damage. Not only are claims higher, but men get cited for more serious violations like reckless driving and DUI. Male teenagers generally have the highest accident percentage and therefore pay the highest rates.

Tailor your auto insurance coverage to you

When choosing coverage for your personal vehicles, there is no single plan that fits everyone. Every insured’s situation is different.

For example, these questions could help you determine whether or not you might need an agent’s assistance.

• Where can I find high-risk insurance?
• Why do I only qualify for high-risk insurance?
• Am I covered when pulling a rental trailer?
• Does my policy cover my teen driver if they drive my company car?
• I have good health insurance, so how much medical payments coverage do I need?
• Do I benefit by insuring my home with the same company?
• Is my business laptop covered if it gets stolen from my vehicle?
• Where can I find DUI or SR-22 insurance?
• What are the best liability limits?

If it’s difficult to answer those questions but you know they apply to you then you might want to talk to an agent. If you want to speak to an agent in your area, fill out this quick form.

Information about specific coverages

Learning about specific coverages of your auto insurance policy aids in choosing which coverages you need at the best deductibles and correct limits. Auto insurance terms can be ambiguous and reading a policy is terribly boring.

Uninsured Motorist or Underinsured Motorist insurance – Your UM/UIM coverage protects you and your vehicle’s occupants from other motorists when they either have no liability insurance or not enough. Covered losses include injuries to you and your family as well as your vehicle’s damage.

Due to the fact that many drivers have only the minimum liability required by law, their limits can quickly be used up. This is the reason having UM/UIM coverage is a good idea. Most of the time the UM/UIM limits are identical to your policy’s liability coverage.

Liability – This coverage can cover damages or injuries you inflict on other’s property or people in an accident. This coverage protects you against claims from other people, and does not provide coverage for damage to your own property or vehicle.

It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have liability limits of 100/300/100 which stand for a limit of $100,000 per injured person, a total of $300,000 of bodily injury coverage per accident, and a limit of $100,000 paid for damaged property. Another option is a combined limit that pays claims from the same limit rather than limiting it on a per person basis.

Liability coverage pays for things such as medical expenses, loss of income, court costs, medical services and emergency aid. How much coverage you buy is up to you, but it’s cheap coverage so purchase higher limits if possible.

Collision coverage – This coverage pays for damage to your Silverado 1500 Classic resulting from a collision with another car or object. You will need to pay your deductible and then insurance will cover the remainder.

Collision insurance covers claims such as hitting a parking meter, driving through your garage door, colliding with a tree and colliding with another moving vehicle. This coverage can be expensive, so analyze the benefit of dropping coverage from lower value vehicles. Drivers also have the option to increase the deductible to save money on collision insurance.

Comprehensive coverage (or Other than Collision) – This coverage will pay to fix damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against claims like rock chips in glass, theft, hitting a bird and damage from flooding. The most you’ll receive from a claim is the actual cash value, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.

Insurance for medical payments – Medical payments and Personal Injury Protection insurance pay for bills for prosthetic devices, nursing services, dental work, rehabilitation expenses and EMT expenses. The coverages can be utilized in addition to your health insurance program or if you do not have health coverage. They cover you and your occupants and will also cover any family member struck as a pedestrian. Personal Injury Protection is not available in all states and gives slightly broader coverage than med pay

In conclusion

Lower-priced 2007 Chevy Silverado 1500 Classic insurance is possible both online in addition to many insurance agents, so get free auto insurance quotes from both of them to get a complete price analysis. A few companies don’t offer price quotes online and these regional insurance providers only sell coverage through local independent agencies.

We’ve covered some good ideas how to compare 2007 Chevy Silverado 1500 Classic insurance premium rates online. The key concept to understand is the more you quote auto insurance, the better chance you’ll have of finding inexpensive auto insurance. You may be surprised to find that the lowest premium rates come from the least-expected company.

As you prepare to switch companies, make sure you don’t reduce coverage to reduce premium. There have been many cases where someone dropped full coverage to discover at claim time that the savings was not a smart move. Your aim should be to purchase a proper amount of coverage for the lowest price but still have enough coverage for asset protection.

More information is available at the links below

• Safety Features for Your New Car (State Farm)
• Winter Driving (Insurance Information Insitute)
• Auto Insurance Facts and Statistics (Insurance Information Insitute)
• Drunk Driving Statistics (Insurance Information Insitute)