Lower Your 2018 Chevrolet Silverado 1500 Insurance Rates

No normal person anticipates paying for auto insurance, especially when they are aware that the price is too high. Big-name insurance companies like State Farm, Allstate, GEICO and Progressive all promote huge savings with advertising and it is challenging if not impossible to separate fact from fiction and find the best price available.

It’s smart to compare premium rates periodically because prices are variable and change quite frequently. Just because you found the lowest rates for Silverado insurance on your last policy you may be paying too much now. Block out anything you think you know about auto insurance because you’re going to learn one of the easiest ways to lower your annual insurance bill.

If you have a policy now or are looking for a new policy, you can learn to find the best rates while maximizing coverage. Buying car insurance is quite easy. Vehicle owners only need an understanding of the best way to get comparison rates on the web.

Compare quotes for insurance

There are a lot of ways to shop for insurance, but some are less time-consuming than others. You can waste a few hours (or days) talking about coverages with local insurance agents in your area, or you can stay home and use the internet to quickly compare rates.

Many insurance companies participate in a marketplace that enables customers to send in one quote, and at least one company provides a quote determined by their information. This eliminates the need for form submissions to each individual insurance company. To participate in this free quote system, click here to open in new window.

The only drawback to doing it this way is that you can’t choose which insurance companies to get quotes from. If you would rather choose specific providers to compare, we have a page of low cost insurance companies in your area. View list of insurance companies.

It’s up to you how you get prices quotes, just be sure to compare nearly identical information with each company. If your comparisons have different values for each quote you will not be able to find the best deal for your Chevy Silverado 1500.

Are you earning every discount?

Auto insurance is expensive, but you may qualify for discounts that can dramatically reduce your bill. Some trigger automatically when you get a quote, but lesser-known reductions have to be specially asked for before they will apply.

  • Theft Deterent Discount – Cars and trucks equipped with anti-theft or alarm systems are less likely to be stolen and will qualify for a discount on a auto insurance quote.
  • Senior Citizen Discount – If you’re over the age of 55, you can get better auto insurance rates for Silverado insurance.
  • Organization Discounts – Being in a qualifying organization can get you a small discount on your next auto insurance statement.
  • Life Insurance Discount – Some insurance carriers give a break if you buy auto and life insurance together.
  • Auto/Home Discount – If you can bundle your homeowners and auto insurance with the same company you could save approximately 10% to 15%.
  • Telematics Discount – People who choose to allow their company to monitor driving habits through the use of a telematics system such as In-Drive from State Farm or Allstate’s Drivewise system might get better premium rates if they have good driving habits.
  • Defensive Driving Course – Passing a course in driver safety could possibly earn you a 5% discount and easily recoup the cost of the course.
  • Student Discount for Driver Training – Reduce the cost of insurance for teen drivers by having them participate in a local driver’s education class as it can save substantially.
  • Government Employee Discount – Having worked for a branch of the government could qualify for a slight premium decrease for Silverado insurance depending on your auto insurance provider.
  • Air Bags and Passive Restraints – Factory options such as air bags can receive discounts of more than 20%.

We need to note that most credits do not apply to the overall cost of the policy. Some only reduce the cost of specific coverages such as collision or personal injury protection. Just because it seems like you would end up receiving a 100% discount, company stockholders wouldn’t be very happy.

A few popular companies and a partial list of their discounts are:

  • State Farm policyholders can earn discounts including student away at school, passive restraint, good student, good driver, and Steer Clear safe driver discount.
  • GEICO discounts include membership and employees, multi-vehicle, five-year accident-free, anti-lock brakes, defensive driver, anti-theft, and seat belt use.
  • Progressive offers discounts including homeowner, continuous coverage, multi-vehicle, multi-policy, and online quote discount.
  • 21st Century may include discounts for 55 and older, driver training, anti-lock brakes, theft prevention, automatic seat belts, and defensive driver.
  • American Family includes discounts for multi-vehicle, accident-free, bundled insurance, TimeAway discount, Steer into Savings, and air bags.
  • The Hartford offers discounts for good student, defensive driver, vehicle fuel type, bundle, driver training, air bag, and anti-theft.
  • AAA may have discounts that include good driver, AAA membership discount, pay-in-full, education and occupation, anti-theft, and good student.

It’s a good idea to ask every prospective company how you can save money. Some discounts might not be offered on policies in your area. If you would like to see a list of insurers that offer discounts, follow this link.

When in doubt talk to an agent

When it comes to buying adequate coverage, there isn’t really a perfect coverage plan. Every insured’s situation is different and your policy should reflect that. For instance, these questions might help in determining whether you could use an agent’s help.

  • Exactly who is provided coverage by my policy?
  • How many claims can I have before being cancelled?
  • Should I buy additional glass protection?
  • Should I buy full coverage?
  • Do I really need UM/UIM coverage?
  • Does insurance cover damages from a DUI accident?

If you can’t answer these questions but you know they apply to you, you may need to chat with a licensed insurance agent. If you want to speak to an agent in your area, take a second and complete this form or you can go here for a list of companies in your area. It’s fast, free and can provide invaluable advice.

Detailed coverages of your auto insurance policy

Knowing the specifics of your policy aids in choosing the right coverages and the correct deductibles and limits. Policy terminology can be difficult to understand and coverage can change by endorsement. Shown next are the normal coverages found on the average auto insurance policy.

Comprehensive coverages

This coverage covers damage OTHER than collision with another vehicle or object. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive can pay for claims such as theft, falling objects, hitting a deer, damage from a tornado or hurricane and damage from getting keyed. The most you’ll receive from a claim is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.

Coverage for medical payments

Coverage for medical payments and/or PIP pay for immediate expenses for pain medications, prosthetic devices, rehabilitation expenses and EMT expenses. They are often used to cover expenses not covered by your health insurance plan or if you do not have health coverage. Coverage applies to not only the driver but also the vehicle occupants as well as being hit by a car walking across the street. Personal injury protection coverage is not universally available but it provides additional coverages not offered by medical payments coverage

Uninsured and underinsured coverage

This coverage protects you and your vehicle when other motorists are uninsured or don’t have enough coverage. Covered losses include injuries to you and your family and also any damage incurred to your Chevy Silverado 1500.

Due to the fact that many drivers only purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is important protection for you and your family.

Liability insurance

This will cover injuries or damage you cause to other’s property or people. This insurance protects YOU against other people’s claims. It does not cover your own vehicle damage or injuries.

Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have limits of 100/300/100 which means $100,000 bodily injury coverage, a total of $300,000 of bodily injury coverage per accident, and property damage coverage for $100,000.

Liability insurance covers claims like attorney fees, pain and suffering, medical expenses, structural damage and loss of income. How much coverage you buy is a decision to put some thought into, but it’s cheap coverage so purchase as much as you can afford.

Collision insurance

Collision coverage pays to fix your vehicle from damage resulting from colliding with an object or car. A deductible applies then the remaining damage will be paid by your insurance company.

Collision insurance covers things like damaging your car on a curb, hitting a mailbox, colliding with a tree, hitting a parking meter and sideswiping another vehicle. Collision coverage makes up a good portion of your premium, so consider dropping it from older vehicles. You can also increase the deductible in order to get cheaper collision rates.

Knowledge is power

Cheaper insurance coverage can be sourced from both online companies as well as from insurance agents, so you should be comparing quotes from both to have the best rate selection. Some companies don’t offer online price quotes and most of the time these regional carriers sell through local independent agencies.

We just showed you some good ideas how you can compare 2018 Chevy Silverado 1500 insurance premium rates online. It’s most important to understand that the more price quotes you have, the better your chances of lowering your prices. Consumers could even find that the lowest priced insurance coverage comes from a smaller regional carrier. They may cover specific market segments cheaper than the large multi-state companies such as State Farm and Allstate.

Additional detailed information is located at these sites:

Comments About 2018 Chevrolet Silverado 1500 Insurance

  1. Hyun Cannon

    I compared a lot of rate quotes for a 2018 Chevrolet Silverado 1500 in Idaho Falls, ID. Ended up at about $230 every six months with Amica. It’s still not cheap enough.

  2. Bernadette Fitzpatrick

    I live north of Idaho Falls, ID. Got free quotes online for a 2018 Chevrolet Silverado 1500. Ended up at about $460 savings annually. Went with Allstate.

  3. Marjorie Rowland

    I’m just west of Baltimore, Maryland. Got quotes with GEICO, Hartford, and Encompass for my 2018 Chevrolet Silverado 1500 and saved just over $550 a year. Was with Amica. I increased coverages a little too. Wish I didn’t have to insure at all.

  4. Merrill Noble

    Thought I’d throw in my experience. Went with Amica for my Chevrolet and am saving around $210 a year. Was with GMAC. Not sure if rates are cheaper online or not.