2001 Chevrolet Silverado 1500 Insurance Quotes – 10 Tricks for Cheaper Rates

Scraping up a payment for overpriced Chevrolet Silverado 1500 insurance can overdraw your checking account and put the squeeze on your family’s finances. Shopping your coverage around is a great way to reduce premiums and put more money in your pocket.

Many insurance companies compete to insure your vehicles, so it’s not easy to compare every insurance company to discover the definitive lowest rate

Consumers need to shop coverage around every six months because rates tend to go up over time. Despite the fact that you may have had the best rates on Silverado coverage six months ago you will most likely find a better rate today. Don’t believe everything you read about auto insurance on the web, but by reading this article, you’re going to learn some of the best ways to buy auto insurance cheaper.

How to Compare Car Insurance Rates

To find the best car insurance prices, there are several ways to compare quotes from different insurance companies. The recommended way to compare 2001 Chevy Silverado 1500 insurance prices consists of obtaining rate quotes online. This can be done in just a few minutes using one of these methods.

The easiest and least time consuming way consumers can analyze rates is an all-inclusive rate comparison click here to open form in new window. This method eliminates the need for separate quotes for every car insurance company. Filling out one form will return quotes from car insurance companies with the best prices.

A more time consuming way to compare prices requires visiting each company website and request a quote. For instance, we’ll assume you want comparison quotes from Auto-Owners, Progressive and GEICO. To find out each rate you need to spend time on each company’s site to enter your coverage information, which is why the first method is more popular. For a handy list of car insurance company links in your area, click here.

The least recommended method to get comparison rates is to drive around to different agent offices. Shopping for car insurance online has reduced the need for local agents unless you want the trained guidance that only a license agent can provide. You can, however, comparison shop your insurance online but still have the advice of a local agent and we’ll touch on that later.

It’s up to you which method you use, but ensure you’re using the exact same deductibles and coverage limits for every quote you compare. If you enter different deductibles then you won’t be able to truly determine the lowest rate. Just a small difference in limits may cause a big price difference. Just remember that obtaining a wide range of quotes will increase your chances of finding lower pricing.

You probably qualify for some discounts

Car insurance is not cheap, but you may find discounts to help bring down the price. Some discounts apply automatically when you purchase, but a few need to be specifically requested before they will apply.

  • Discount for Swiching Early – A few companies offer discounts for switching policies before your current expiration date. The savings is around 10%.
  • Pay Upfront and Save – If you pay your entire premium ahead of time instead of monthly or quarterly installments you can actually save on your bill.
  • Seat Belt Usage – Requiring all passengers to wear their seat belts can save 10% or more off the personal injury premium cost.
  • Defensive Driving Course – Successfully completing a course teaching defensive driving skills could cut 5% off your bill depending on where you live.
  • Anti-lock Brake Discount – Anti-lock brake equipped vehicles prevent accidents and earn discounts up to 10%.
  • Student Driver Training – Have your child take driver’s ed class if offered at their school.
  • Homeowners Savings – Owning a home can help you save on insurance coverage because owning a home demonstrates responsibility.
  • Employee of Federal Government – Being employed by or retired from a federal job may qualify you for a discount on Silverado coverage depending on your company.
  • Good Students Pay Less – A discount for being a good student can save 20 to 25%. The good student discount can last well after school through age 25.
  • Paperless Signup – A handful of insurance companies may give you up to $50 for buying your policy over the internet.

Consumers should know that most discounts do not apply to your bottom line cost. Some only apply to individual premiums such as physical damage coverage or medical payments. So when the math indicates it’s possible to get free car insurance, it just doesn’t work that way. But any discount will reduce the cost of coverage.

For a list of insurance companies with discount insurance coverage rates, click here to view.

There’s no such thing as the perfect policy

When it comes to choosing the right insurance coverage for your personal vehicles, there really is no “perfect” insurance plan. Your needs are not the same as everyone else’s so your insurance needs to address that. For example, these questions can aid in determining whether you would benefit from an agent’s advice.

  • Is other people’s property covered if stolen from my vehicle?
  • Do I pay less if my vehicle is kept in my garage?
  • Is motorclub coverage worth it?
  • Am I covered when using my vehicle for business?
  • When can I cancel my policy?
  • What happens if I owe more than my 2001 Chevy Silverado 1500 is worth?

If you’re not sure about those questions, then you may want to think about talking to an insurance agent. If you don’t have a local agent, simply complete this short form or go to this page to view a list of companies.

Coverages available on your policy

Knowing the specifics of a car insurance policy can be of help when determining appropriate coverage and proper limits and deductibles. The terms used in a policy can be impossible to understand and reading a policy is terribly boring. Below you’ll find typical coverages available from car insurance companies.

Uninsured Motorist or Underinsured Motorist insurance

This provides protection when the “other guys” do not carry enough liability coverage. It can pay for hospital bills for your injuries as well as damage to your 2001 Chevy Silverado 1500.

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 is important protection for you and your family. Frequently these limits are set the same as your liablity limits.

Insurance for medical payments

Medical payments and Personal Injury Protection insurance kick in for expenses for hospital visits, doctor visits and prosthetic devices. They can be used to cover expenses not covered by your health insurance policy or if you are not covered by health insurance. Coverage applies to you and your occupants as well as any family member struck as a pedestrian. PIP coverage is not an option in every state and may carry a deductible

Auto liability insurance

Liability insurance can cover damages or injuries you inflict on people or other property. Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see limits of 25/50/25 that translate to $25,000 bodily injury coverage, a per accident bodily injury limit of $50,000, and property damage coverage for $25,000. Another option is a combined limit which limits claims to one amount with no separate limits for injury or property damage.

Liability coverage pays for things such as medical expenses, funeral expenses and medical services. How much coverage you buy is your choice, but buy as much as you can afford.

Auto collision coverage

This coverage pays for damage to your Silverado 1500 resulting from a collision with another car or object. You will need to pay your deductible then your collision coverage will kick in.

Collision coverage pays for claims like damaging your car on a curb, scraping a guard rail, colliding with a tree and sideswiping another vehicle. Paying for collision coverage can be pricey, so consider removing coverage from older vehicles. Another option is to bump up the deductible to save money on collision insurance.

Comprehensive coverage (or Other than Collision)

Comprehensive insurance will pay to fix damage caused by mother nature, theft, vandalism and other events. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for claims such as damage from flooding, rock chips in glass and a broken windshield. The most a car insurance company will pay at claim time is the ACV or actual cash value, so if the vehicle is not worth much it’s not worth carrying full coverage.

Final considerations

Low-cost 2001 Chevy Silverado 1500 insurance is attainable on the web as well as from independent agents, and you should be comparing both to get a complete price analysis. Some insurance providers don’t offer you the ability to get quotes online and many times these regional insurance providers only sell through independent insurance agents.

We just showed you some good ideas how to compare insurance prices online. The key thing to remember is the more rate quotes you have, the better your chances of lowering your rates. Drivers may discover the biggest savings come from a smaller regional carrier. They may cover specific market segments cheaper as compared to the big name companies such as State Farm or Progressive.

While you’re price shopping online, never buy poor coverage just to save money. Too many times, drivers have reduced comprehensive coverage or liability limits to discover at claim time that a couple dollars of savings turned into a financial nightmare. The ultimate goal is to find the BEST coverage for the lowest price, not the least amount of coverage.

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