Lower Your 2015 Chevrolet Silverado 1500 Insurance Rates

Are you sick and tired of scraping nickels together to pay insurance coverage each month? Your situation is no different than millions of other drivers. Because there are so many companies and agents to choose from, it’s nearly impossible to locate the best insurance coverage provider.

You should make it a habit to quote other rates on a regular basis since insurance prices change quite often. Just because you had the best price on Silverado coverage on your last policy a different company probably has better rate quotes today. You can find a lot of misleading information regarding insurance coverage on the web, but in this article, you’re going to get some guaranteed methods to save money.

Lower insurance rates with these tips

Smart consumers have a good feel for the different types of things that come into play when calculating your policy premiums. When you understand what determines base rates, this allows you to make good choices that will entitle you to cheaper rates. Multiple criteria are used when quoting car insurance. Some are pretty understandable like your driving record, but some are less apparent such as your credit history or your commute time.

• How much liability do you need? – Your insurance coverage policy’s liability coverage is the coverage that protects you if you are found to be at fault for causing personal injury or damage in an accident. This coverage provides you with a defense in court to attempt to prove you were not liable. This coverage is very inexpensive compared to other policy coverages, so buy as much as you can afford.
• File claims and pay more – If you tend to file frequent claims, you can expect either higher rates or even cancellation. Car insurance companies award discounts to drivers who file claims infrequently. Insurance coverage is designed for more catestrophic claims.
• Discounts for auto and home policies – Most major insurers give better rates to clients who have multiple policies with them in the form of a multi-policy discount. Discounts can be five, ten or even twenty percent. Even with this discount applied, it’s in your best interest to check prices from other companies to ensure the best deal.
• Theft deterrents save – Driving a car that has a built-in theft deterrent system can help bring down rates. Theft prevention features such as OnStar, LoJack tracking, and tamper alarms can help prevent your vehicle from being stolen.
• Tickets and citations cost more than a fine – Even one citation can increase rates by twenty percent. Attentive drivers pay less for auto insurance as compared to careless drivers. Drivers who have severe citations like hit and run, DWI or reckless driving convictions might be required by their state to submit a SR-22 form with their state DMV in order to continue driving.
• Males tend to take more risk – Over the last 50 years, statistics have shown that men are more aggressive behind the wheel. The data does not necessarily mean that women are BETTER drivers than men. Males and females cause accidents at about the same rate, but the men tend to have higher claims. Men also statistically get ticketed for serious violations such as reckless driving. Youthful male drivers generally have the highest accident percentage and thus pay the highest rates.
• High physical damage deductibles lower premiums – Insurance for physical damage to your car, commonly called comprehensive (or other-than-collision) and collision coverage, covers your vehicle from damage. Examples of covered claims are colliding with a building, damage caused by hail, and rolling your vehicle. The deductibles you choose define how much you are willing to pay out-of-pocket in the event of a claim. The more you pay before a claim is paid (deductible), the lower your rates will be on Silverado coverage.

First Step: Get free auto insurance quotes

Cutting your auto insurance rates can be relatively painless. The only thing you need to do is take a couple of minutes comparing price quotes from different insurance companies. This can be accomplished in several different ways.

1. The simplest way to find low rates would be an industry-wide quote request form click here to open form in new window. This style of form eliminates the need for separate quotation requests for every auto insurance company. Completing one form will get you price quotes direct from many companies.
2. Another way to find more affordable insurance requires a trip to the website of each company and repeat the quote process again and again. For examples sake, we’ll pretend you need rates from Farmers, Allstate and Travelers. You would have to spend time on each company’s site and type in your information over and over, which is not fast way to get rate quotes.

   To view a list of companies in your area, click here.

However you get your quotes, ensure you’re using exactly the same coverage information with each company. If you enter different limits and deductibles on each one you will not be able to find the best deal for your Chevy Silverado 1500.

Is there deception in advertising?

Consumers can’t get away from all the ads for cheaper car insurance by companies like Progressive, Geico, Allstate and State Farm. They all seem to make the point of big savings if you switch to them.

But how can every company save you money? It’s all in the numbers.

Companies quote their best rates for the right customer that earns them a profit. An example of a desirable risk could be a mature driver, has no driving citations, and chooses high deductibles. A propective insured who matches those parameters will get very good rates and will most likely save money with a new company.

People who fall outside the requirements may be forced to pay higher premiums which translates to business not being written. If you pay attention, the ads say “drivers who switch” but not “everyone who gets a quote” will save that much if they switch. That is how companies can advertise the savings. This really illustrates why you really need to do a quote comparison often. It’s not possible to predict which insurance companies will have the best prices for your profile.

Save a ton with these insurance discounts

Car insurance can cost a lot, but there’s a good chance there are discounts that may help make it more affordable. Some discounts apply automatically when you quote, but some discounts are required to be inquired about before you get the savings.

• Fewer Miles Equal More Savings – Driving fewer miles can qualify you for better prices on cars that stay parked.
• Memberships – Affiliation with a civic or occupational organization may earn a discount on your bill.
• Anti-theft Discount – Anti-theft and alarm system equipped vehicles are stolen less frequently so companies will give you a small discount.
• Payment Method – By paying your policy upfront rather than paying monthly you may have a lower total premium amount.
• Discounts for Seat Belt Usage – Drivers who always wear seat belts and also require passengers to wear their seat belts may be able to save a few bucks on the medical payments or PIP coverage costs.
• Discounts for Multiple Vehicles – Buying a policy with all your vehicles with the same insurance company can reduce the rates for all insured vehicles.
• Discounts for Safe Drivers – Drivers without accidents can save as much as half off their rates on Silverado coverage as compared to drivers with claims.

Please keep in mind that many deductions do not apply to all coverage premiums. Most only cut specific coverage prices like medical payments or collision. So even though they make it sound like you can get free auto insurance, you aren’t that lucky.

A list of insurance companies and the discounts they provide can be read below.

• American Family may have discounts that include Steer into Savings, mySafetyValet, good driver, good student, and defensive driver.
• State Farm policyholders can earn discounts including anti-theft, multiple policy, Steer Clear safe driver discount, student away at school, accident-free, passive restraint, and good driver.
• 21st Century offers discounts including early bird, anti-lock brakes, 55 and older, theft prevention, and good student.
• Travelers has savings for good student, save driver, payment discounts, early quote, and multi-car.
• Geico may include discounts for daytime running lights, multi-policy, five-year accident-free, good student, anti-theft, military active duty, and seat belt use.

Before buying, ask every insurance company which discounts you qualify for. Some discounts listed above might not be available to policyholders in every state. To find insurers who offer online insurance quotes, follow this link.

Auto insurance can get complicated

When it comes to buying coverage for your vehicles, there isn’t really a “perfect” insurance plan. Each situation is unique so this has to be addressed. These are some specific questions may help you determine if you would benefit from professional advice.

• Is my cargo covered for damage or theft?
• How can I find cheaper teen driver insurance?
• Does coverage extend to my business vehicle?
• Am I covered when delivering products for my home-based business?
• Where can I get insurance after a DUI in my state?
• Does my policy cover my teen driver if they drive my company car?
• How can I get high-risk coverage after a DUI?
• I have good health insurance, so how much medical payments coverage do I need?
• Will my insurance pay for OEM parts?

If you’re not sure about those questions but you know they apply to you, you may need to chat with an insurance agent. To find lower rates from a local agent, simply complete this short form or go to this page to view a list of companies. It is quick, free and can help protect your family.

Insurance coverage specifics

Learning about specific coverages of your insurance policy aids in choosing the right coverages and the correct deductibles and limits. The terms used in a policy can be difficult to understand and nobody wants to actually read their policy. Listed below are the usual coverages offered by insurance companies.

Collision – Collision coverage pays to fix your vehicle from damage resulting from a collision with a stationary object or other vehicle. You first must pay a deductible and the rest of the damage will be paid by collision coverage.

Collision coverage pays for claims like damaging your car on a curb, scraping a guard rail, crashing into a ditch and colliding with a tree. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from lower value vehicles. You can also bump up the deductible to get cheaper collision coverage.

Auto liability insurance – This coverage can cover damage or injury you incur to a person or their property that is your fault. It 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, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see limits of 50/100/50 that translate to $50,000 in coverage for each person’s injuries, a limit of $100,000 in injury protection per accident, and property damage coverage for $50,000.

Liability coverage protects against claims such as funeral expenses, medical expenses and attorney fees. The amount of liability coverage you purchase is your choice, but consider buying as much as you can afford.

Medical costs insurance – Medical payments and Personal Injury Protection insurance provide coverage for short-term medical expenses like ambulance fees, rehabilitation expenses, X-ray expenses, prosthetic devices and doctor visits. They are used to cover expenses not covered by your health insurance policy or if you lack health insurance entirely. Coverage applies to you and your occupants and also covers being hit by a car walking across the street. PIP coverage is only offered in select states and gives slightly broader coverage than med pay

UM/UIM Coverage – Your UM/UIM coverage provides protection when the “other guys” either are underinsured or have no liability coverage at all. Covered claims include injuries sustained by your vehicle’s occupants as well as damage to your Chevy Silverado 1500.

Because many people have only the minimum liability required by law, their limits can quickly be used up. For this reason, having high UM/UIM coverages is very important.

Comprehensive or Other Than Collision – Comprehensive insurance coverage pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for things like falling objects, damage from getting keyed and hitting a deer. The most a insurance company will pay at claim time is the actual cash value, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

Be a penny pincher

A few companies do not provide the ability to get a quote online and most of the time these small, regional companies provide coverage only through independent insurance agents. Affordable 2015 Chevy Silverado 1500 insurance is definitely available online as well as from independent agents, and you should compare rates from both in order to have the best price selection to choose from.

When trying to cut insurance costs, you should never reduce coverage to reduce premium. There have been many cases where someone sacrificed collision coverage and learned later that the small savings ended up costing them much more. Your strategy should be to find the BEST coverage at a price you can afford while still protecting your assets.

Additional detailed information can be read in the articles below:

• Steps to Take After an Auto Accident (Insurance Information Insitute)
• Frontal Crash Tests (iihs.org)
• Five Tips to Save on Auto Insurance (Insurance Information Insitute)
• Liability Insurance Coverage (Nationwide)