Cheap 2009 Chevrolet Silverado 1500 Insurance Rates

Looking for cheaper car insurance rates for your Chevrolet Silverado 1500? I really doubt anyone looks forward to paying premiums for car insurance, particularly when they are paying too much. There are many insurance companies to pick from, and although it’s a good thing to have a choice, too many choices makes it more difficult to find the lowest rates.

Finding affordable coverage is not that difficult. If you currently have a car insurance policy, you stand a good chance to be able to cut costs considerably using this information. Drivers only need an understanding of the most efficient way to get comparison rates online.

The most recommended method to get policy rate comparisons is to realize most of the larger companies have advanced systems to provide you with free rate quotes. All consumers are required to do is provide the companies a bit of rating information including how old drivers are, if you have a valid license, how you use your vehicles, and your occupation. Your information is then submitted to multiple companies and you get price estimates immediately.

Don’t be fooled by advertising claims

Consumers can’t get away from ads that claim the best rates by companies like 21st Century, Allstate and State Farm. They all have a common claim about savings after switching your coverage.

How is it plausible that every one can give you a better price? This is the trick they use.

Insurance providers have an ideal profile for the driver that will be a good risk. A good example of a desirable insured should be over the age of 40, has never had a policy lapse, and does not commute to work. A driver who matches those parameters will most likely get cheap premium rates and will most likely save some money.

People who do not meet those criteria will probably have to pay higher premiums which results in the customer buying from a different company. The ad wording is “people who switch” not “all people who quote” save that much when switching. That’s the way insurance companies can make claims like that. This really illustrates why it is so important to get auto insurance quotes from several different companies. It is impossible to guess with any certainty which company will be your best fit.

How to lower your insurance prices

One of the most helpful ways to save on auto insurance is to to have a grasp of the rating factors that help calculate the level of your policy premiums. If you understand what controls the rates you pay, this helps enable you to make changes that will entitle you to much lower annual insurance costs. Lots of things are part of the equation when you get your auto insurance bill. Some are pretty understandable such as your driving history, but other criteria are less apparent such as whether you are married or how safe your car is.

• Cheaper rates by bundling – Some insurers will award discounts to clients who have multiple policies with them such as combining an auto and homeowners policy. This can amount to anywhere from five to ten percent in most cases. If you currently are using one company, you may still want to shop around to help guarantee you have the best rates. Drivers may still save money by insuring with multiple companies.
• Big cities mean more claims – Residing in small towns and rural areas can save you money when buying auto insurance. Urban drivers tend to have more traffic problems and longer commute times. Less people means a lower chance of having an accident in addition to lower liability claims
• Lower rates for married couples – Having a spouse may save some money compared to being single. Having a significant other means you’re less irresponsible and statistics prove drivers who are married are more cautious.
• More miles equals more premium – The higher the miles on your Chevy annually the higher the price you pay to insure it. Most companies calculate rates based upon how the vehicle is primarily used. Vehicles that sit idle most of the time receive lower rates as compared to vehicles used primarily for driving to work. It’s a smart idea to ensure your declarations sheet shows annual mileage. Incorrect rating for your Silverado 1500 can cost quite a bit.
• Credit history impacts premiums – Having a bad credit rating factor in determining what you pay. So if your credit rating is lower than you’d like, you could potentially save money when insuring your 2009 Chevrolet Silverado 1500 by taking the time to improve your credit score. Insureds that have excellent credit tend to be better risks to insure than drivers with lower credit ratings.
• Never let your auto insurance policy lapse – Driving without insurance is not a good idea and you may have a hard time finding new coverage because you let your coverage cancel without a new policy in place. Not only will rates go up, being ticketed for driving with no insurance can result in fines or a revoked license. You may then be required to prove you have insurance by filing a SR-22 with your state motor vehicle department to get your license reinstated.
• Pay more out-of-pocket – Physical damage deductibles define how much you are required to pay in the event of a claim. Insurance for physical damage to your car, termed comprehensive and collision coverage on your policy, insures against damage to your car. Some instances where coverage would apply would be colliding with a stationary object, fire damage, and damage caused by road hazards. The higher the amount you are required to pay out-of-pocket, the lower your rates will be for Silverado coverage.
• Auto insurance rates and age – Drivers with little experience tend to get distracted easily in a vehicle therefore auto insurance rates are much higher. Having to add a inexperienced driver onto your auto insurance can cause a big jump in price. Older people tend to be more responsible, statistically cause fewer accidents and get fewer tickets.

Drivers can save with these discounts

Some providers don’t list all possible discounts very clearly, so the following list contains some of the best known and also the lesser-known credits available to bring down your rates. If you’re not getting every credit you deserve, you are not getting the best rate possible.

• Responsible Driver Discount – Accident-free drivers can save up to 40% or more on their auto insurance quote for Silverado coverage as compared to drivers with claims.
• Government Employees – Federal government employees could cut as much as 10% off for Silverado coverage with select insurance companies.
• Multi-line Discount – Not every insurance company offers life insurance, but if they do you may earn a discount if you purchase life insurance.
• Payment Method – If paying your policy premium upfront instead of monthly or quarterly installments you can avoid monthly service charges.
• Low Mileage – Fewer annual miles on your Chevy may enable drivers to earn lower rates due to less chance of an accident.

Discounts save money, but please remember that many deductions do not apply to the entire policy premium. Some only reduce individual premiums such as comprehensive or collision. Even though the math looks like you could get a free car insurance policy, you aren’t that lucky. Any amount of discount will help reduce your overall premium however.

A few companies that may offer quotes with some of the discounts shown above include:

• 21st Century
• State Farm
• AAA
• Liberty Mutual
• Progressive

When getting free auto insurance quotes, it’s a good idea to every insurance company to give you their best rates. Some credits might not be offered on policies in your area. If you would like to choose from a list of providers with the best car insurance discounts, click this link.

Special considerations

When it comes to buying coverage, there really is not a best way to insure your cars. Your needs are not the same as everyone else’s so your insurance should reflect that Here are some questions about coverages that might help in determining whether or not you will benefit from professional help.

• Is my dog or cat covered if injured in an accident?
• Should I sign the liability waiver when renting a car?
• Should I bundle my homeowners policy with my auto?
• Am I covered when pulling a rental trailer?
• Should I buy more coverage than the required minimum liability coverage?
• How high should deductibles be on a 2009 Chevy Silverado 1500?
• Exactly who is provided coverage by my policy?
• Why is insurance for a teen driver so high?
• Should I carry comprehensive and collision coverage?

If you don’t know the answers to these questions but you think they might apply to your situation, you might consider talking to an insurance agent. To find lower rates from a local agent, fill out this quick form or go to this page to view a list of companies. It’s fast, free and you can get the answers you need.

Coverage specifics

Understanding the coverages of insurance aids in choosing appropriate coverage for your vehicles. The coverage terms in a policy can be impossible to understand and nobody wants to actually read their policy. Listed below are the usual coverages found on the average insurance policy.

Medical costs insurance

Coverage for medical payments and/or PIP provide coverage for immediate expenses for doctor visits, hospital visits and X-ray expenses. The coverages can be used to fill the gap from your health insurance policy or if you do not have health coverage. Medical payments and PIP cover not only the driver but also the vehicle occupants and also covers 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

Comprehensive or Other Than Collision

Comprehensive insurance coverage will pay to fix damage OTHER than collision with another vehicle or object. You first must pay your deductible and then insurance will cover the rest of the damage.

Comprehensive can pay for things such as damage from flooding, fire damage and hitting a deer. The maximum payout a insurance company will pay at claim time is the cash value of the vehicle, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

UM/UIM Coverage

Your UM/UIM coverage protects you and your vehicle’s occupants when the “other guys” do not carry enough liability coverage. Covered losses include injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.

Due to the fact that many drivers carry very low liability coverage limits, their limits can quickly be used up. This is the reason having UM/UIM coverage should not be overlooked.

Coverage for liability

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

Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see policy limits of 25/50/25 that means you have a $25,000 limit per person for injuries, a total of $50,000 of bodily injury coverage per accident, and a total limit of $25,000 for damage to vehicles and property.

Liability coverage pays for things like pain and suffering, medical expenses, loss of income, repair costs for stationary objects and repair bills for other people’s vehicles. The amount of liability coverage you purchase is your choice, but it’s cheap coverage so purchase higher limits if possible.

Coverage for collisions

Collision insurance will pay to fix damage to your Silverado 1500 from colliding with an object or car. You will need to pay your deductible then your collision coverage will kick in.

Collision coverage pays for things such as rolling your car, colliding with a tree and sideswiping another vehicle. This coverage can be expensive, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. You can also bump up the deductible to get cheaper collision coverage.

Spend less. Save more.

Lower-priced insurance can be found from both online companies and from local insurance agents, and you should compare price quotes from both to have the best chance of lowering rates. Some insurance companies do not provide internet price quotes and these regional insurance providers only sell through local independent agents.

You just read a lot of techniques to get a better price on 2009 Chevy Silverado 1500 insurance. The key concept to understand is the more rate comparisons you have, the more likely it is that you will get a better rate. Drivers may discover the best prices are with the least-expected company. These companies may often insure only within specific states and give getter rates as compared to the big name companies such as Allstate or State Farm.

For more information, feel free to visit the following helpful articles:

• Safety Belts FAQ (iihs.org)
• No-Fault Auto Insurance Statistics (Insurance Information Insitute)
• Parking Tips to Reduce Door Dings (State Farm)
• Protecting Teens from Drunk Driving (Insurance Information Insitute)
• Vehicle Insurance in the U.S. (Wikipedia)
• Think You’re a Safe Driver? (State Farm)