Cheap 2014 Chevrolet Silverado 1500 Car Insurance Rates

Want lower car insurance rates for your Chevrolet Silverado 1500? If you’re trying to find more affordable insurance online, are you confused by the wide range of car insurance sources available to you? Vehicle owners have so many choices that it can quickly become a difficult challenge to find lower car insurance rates.

Why informed consumers pay less for Chevy Silverado 1500 insurance

Many things are part of the calculation when quoting car insurance. Some are pretty understandable such as your driving record, but other criteria are more obscure like where you live or your vehicle rating.Consumers need to have an understanding of the factors that come into play when calculating the level of your policy premiums. If you understand what influences your rates, this enables informed choices that could help you find lower insurance coverage prices.

The factors shown below are some of the items used by your company to calculate your prices.

• Get better rates if married – Having a wife or husband may cut your premiums on your insurance coverage bill. Having a significant other usually means you are more responsible and insurance companies like that married drivers tend to file fewer claims.
• Never go without insurance coverage – Having a gap between insurance policy dates is a quick way to increase your insurance coverage rates. In addition to paying higher premiums, getting caught without coverage may result in a steep fine or even jail time. You may have to file a SR-22 with your state DMV.
• Prices and employer – Occupations like real estate brokerspolice officers and accountants tend to pay higher rates than average due to high stress levels and lots of time spent away from family. On the other hand, jobs such as scientists, athletes and performers get better rates on Silverado insurance.
• Add-on coverages that aren’t used – There are many optional add-on coverages that can waste your money on your insurance coverage policy. Coverage for things like personal injury protection, better glass coverage, and Farm Bureau memberships may be costing you every month. You may think they are a good idea when buying your policy, but your needs may have changed so eliminate the coverages to reduce your premium.
• Avoid tickets and save – Attentive drivers pay lower auto insurance prices compared to bad drivers. Even a single moving violation could increase your next policy renewal by as much as thirty percent. People who have serious citations like DWI, reckless driving or hit and run convictions may be required to complete a SR-22 with their state in order to prevent their license from being revoked.
• Alarm systems save money – Selecting a car model that has a built-in theft deterrent system can save you some money. Systems that thwart theives like GM’s OnStar, tamper alarm systems and vehicle immobilizers can help prevent vehicle theft.
• Too many policy claims drive up premiums – Auto insurance companies generally give lower rates to insureds who are claim-free. If you tend to file frequent claims, you can definitely plan on higher rates. Your car insurance is designed for claims that you cannot pay yourself.
• Bundle home and auto and save – Some companies give lower prices to buyers who carry more than one policy in the form of a multi-policy discount. Even if you qualify for this discount already, you still need to compare other insurance prices to help ensure you have the lowest rates.

Which insurance is cheapest?

The majority of larger companies like State Farm, Geico and Progressive provide insurance quotes on the web. Getting quotes is fairly straightforward as you simply enter your required coverages on the page. When complete, the company’s rating system collects your driving and credit reports and provides a quote based on the data you entered.

Online price quotes makes comparing rates easy, but the time required to go to each company’s website and repetitively type in the same information can be a bit tiresome and repetitive. But it is imperative to have as many quotes as possible if you want to get the best price on insurance.

A quicker way to get multiple rate quotes requires only one form to return rates from a bunch of companies at once. This type of form saves time, eliminates repetitive work, and makes price shopping online much more enjoyable. Immediately after submitting the form, it is rated and you can choose any one of the pricing results. If a lower price is quoted, you simply finish the application and purchase coverage. This process can be completed in less than 10 minutes and can result in significant savings.

To save time and find out how much you’re overpaying now, click here and enter your information. If you have a policy now, it’s recommended you enter the coverage information as shown on your current policy. This makes sure you’re receiving a fair comparison based on identical coverages.

Are you receiving every discount?

Companies offering auto insurance do not advertise their entire list of discounts in an easy-to-find place, so the below list has both well-publicized as well as the least known credits available to lower your premiums when you buy insurance coverage online.

• Sign Early and Save – Select insurance companies give a discount for buying a new policy before your current policy expires. You can save around 10% with this discount.
• Telematics Devices – People who choose to allow data collection to monitor when and where they use their vehicle by installing a telematics device such as State Farm’s In-Drive may get a rate reduction if they have good driving habits.
• E-sign Discounts
• Military Rewards – Being deployed in the military may lower your rates slightly.
• Multi-policy Discount – If you have multiple policies with the same company you could save at least 10 to 15 percent or more.
• Low Mileage Discounts – Low mileage vehicles can qualify you for discounted rates on garaged vehicles.
• Homeowners Savings – Just being a homeowner may earn you a small savings because it requires a higher level of personal finance.

One thing to note about discounts is that some of the credits will not apply to the entire cost. Most only apply to specific coverage prices like comprehensive or collision. If you do the math and it seems like it’s possible to get free car insurance, you won’t be that lucky.

Large auto insurance companies and their offered discounts are included below.

• American Family may have discounts that include mySafetyValet, accident-free, Steer into Savings, good student, bundled insurance, and good driver.
• State Farm offers discounts including good driver, Drive Safe & Save, accident-free, student away at school, safe vehicle, defensive driving training, and multiple autos.
• 21st Century discounts include 55 and older, good student, early bird, defensive driver, teen driver, and driver training.
• Travelers offers discounts for new car, home ownership, save driver, good student, student away at school, multi-policy, and early quote.
• Geico offers premium reductions for military active duty, defensive driver, driver training, emergency military deployment, and membership and employees.

If you are trying to find the cheapest insurance coverage quotes, ask every prospective company to give you their best rates. Some discounts may not be offered in your area. If you would like to view insurance companies with discount rates, click here.

When in doubt talk to an agent

When it comes to choosing proper insurance coverage, there really is not a one size fits all plan. Your needs are not the same as everyone else’s.

Here are some questions about coverages that can aid in determining whether your personal situation will benefit from professional help.

• Am I covered if I hit my neighbor’s mailbox?
• Do I need rental car coverage?
• When does my teenage driver need to be added to my policy?
• When can I cancel my policy?
• If my pet gets injured in an accident are they covered?
• Am I covered if my car is in a flood?
• If I drive on a suspended license am I covered?
• Should I bundle my homeowners policy with my auto?
• Should I file a claim if it’s only slightly more than my deductible?
• Is borrowed equipment or tools covered if stolen or damaged?

If it’s difficult to answer those questions but you think they might apply to your situation, then you may want to think about talking to a licensed agent. To find lower rates from a local agent, take a second and complete this form.

Coverage specifics

Learning about specific coverages of insurance can be of help when determining which coverages you need at the best deductibles and correct limits. The terms used in a policy can be ambiguous and reading a policy is terribly boring.

Auto collision coverage

Collision insurance will pay to fix damage to your Silverado 1500 caused by collision with an object or car. You first must pay a deductible and then insurance will cover the remainder.

Collision can pay for claims such as driving through your garage door, colliding with a tree, sideswiping another vehicle, damaging your car on a curb and sustaining damage from a pot hole. This coverage can be expensive, so consider dropping it from lower value vehicles. It’s also possible to raise the deductible in order to get cheaper collision rates.

UM/UIM Coverage

This coverage protects you and your vehicle from other motorists when they either have no liability insurance or not enough. Covered claims include injuries to you and your family and also any damage incurred to your Chevy Silverado 1500.

Since a lot of drivers carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked.

Comprehensive or Other Than Collision

This coverage covers damage from a wide range of events other than collision. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for things such as theft, damage from flooding, rock chips in glass, hitting a bird and hitting a deer. The maximum payout a insurance company will pay at claim time is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.

Liability coverages

Liability insurance protects you from damage or injury you incur to people or other property that is your fault. It protects YOU from claims by other people. Liability doesn’t cover your own vehicle damage or injuries.

It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see liability limits of 50/100/50 which stand for a $50,000 limit per person for injuries, a limit of $100,000 in injury protection per accident, and a limit of $50,000 paid for damaged property.

Liability coverage pays for things like pain and suffering, structural damage and legal defense fees. How much liability should you purchase? That is a personal decision, but buy as high a limit as you can afford.

Medical costs insurance

Med pay and PIP coverage provide coverage for bills for funeral costs, EMT expenses, pain medications, rehabilitation expenses and chiropractic care. They are utilized in addition to your health insurance program or if there is no health insurance coverage. Medical payments and PIP cover all vehicle occupants in addition to getting struck while a pedestrian. Personal injury protection coverage is only offered in select states but can be used in place of medical payments coverage

Summing up your insurance coverage search

Some insurance companies do not offer the ability to get quotes online smaller companies prefer to sell through local independent agencies. Lower-priced 2014 Chevy Silverado insurance is possible online and from local agencies, and you should be comparing both so you have a total pricing picture.

When you buy insurance coverage online, make sure you don’t buy poor coverage just to save money. In many instances, an accident victim reduced collision coverage to discover at claim time they didn’t purchase enough coverage. The ultimate goal is to buy enough coverage for the lowest price while not skimping on critical coverages.

We just covered some good ideas how to get a better price on 2014 Chevy Silverado 1500 insurance. The most important thing to understand is the more you quote insurance coverage, the better chance you’ll have of finding inexpensive insurance coverage. You may be surprised to find that the lowest rates are with some of the smallest insurance companies.

For more information, link through to the articles below:

• Vehicle Size and Weight FAQ (iihs.org)
• Credit and Insurance Scores (Insurance Information Insitute)
• Credit Impacts Car Insurance Rates (State Farm)
• Coverage Information (Progressive Insurance)
• Auto Insurance 101 (About.com)
• Understanding your Policy (NAIC.org)