2002 Chevrolet Silverado 1500 Insurance Rates

Want cheaper car insurance rates? Drivers have many options when trying to find affordable Chevy Silverado 1500 insurance. You can either waste hours struggling with agents to compare prices or utilize the internet to make rate comparisons.

There are more efficient ways to find car insurance online and you need to know the best way to quote coverages for a new or used Chevy and obtain the cheapest rates from both online companies and local agents.

You need to price shop coverage once or twice a year because rates fluctuate regularly. Just because you had the best deal for Silverado insurance a couple years back there is a good chance you can find better rates now. Starting now, ignore everything you know about car insurance because we’re going to show you the tricks you need to know to lower your annual insurance bill.

If you are insured now or are shopping for new coverage, you will benefit by learning to shop for the lowest rates and possibly find even better coverage. The purpose of this article is to tell you how to effectively get price quotes. Vehicle owners just need to learn how to compare company rates over the internet.

Insurance Quote Comparison

There are several ways you can shop for Chevy Silverado 1500 insurance but there is one way that is easier and takes less work. You can spend your afternoon talking about coverages with agents in your area, or you could save time and use online quotes to get rates in a matter of minutes.

Most car insurance companies belong to an insurance system where insurance shoppers complete one form, and every company then gives them pricing based on that data. This saves time by eliminating quote requests for each company.

To access this free quoting program, click here to start a free quote.

The one disadvantage to comparing rates this way is buyers cannot specifically choose the companies to receive prices from. If you wish to select individual companies to compare prices, we put together a list of insurance companies in your area. Click to view list.

It’s up to you which method you use, but ensure you’re using apples-to-apples information with each company. If you use different values for each quote it will be very difficult to truly determine the lowest rate.

The fine print in insurance coverage ads

Consumers can’t ignore all the ads that promise big savings from the likes of 21st Century, Allstate and State Farm. They all seem to have a common claim that you’ll save big if you change your coverage to them.

How can each company make the same claim?

Insurance companies have a preferred profile for the right customer that is profitable for them. For example, a driver they prefer might be between the ages of 30 and 50, has no prior claims, and has a high credit rating. A propective insured who fits that profile will get the preferred rates and therefore will save quite a bit of money when switching.

Potential customers who do not match the requirements will be charged higher rates and ends up with the customer not buying. The ads say “people who switch” not “everyone that quotes” save money. This is how companies can truthfully state the savings.

That is why you need to compare many company’s rates. It is impossible to predict which company will fit your personal profile best.

Lots of discounts mean lots of savings

Insuring your fleet can be pricey, but there are discounts available to reduce the price significantly. Some discounts apply automatically when you get a quote, but lesser-known reductions have to be manually applied prior to getting the savings. If you aren’t receiving every discount possible, you are paying more than you should be.

  • Drivers Ed for Students – Require your teen driver to complete a driver education course in school.
  • New Car Discount – Buying coverage on a new vehicle can be considerably cheaper compared to insuring an older model.
  • Passive Restraints and Air Bags – Vehicles with factory air bags or motorized seat belts can get savings of up to 25% or more.
  • Driver Safety – Successfully completing a course in driver safety could possibly earn you a 5% discount depending on where you live.
  • Sign Online – A handful of insurance companies will give a small break just for signing your application over the internet.
  • One Accident Forgiven – Some insurance companies will forgive one accident before your rates go up as long as you don’t have any claims for a certain period of time.
  • Discount for Swiching Early – Select companies give a discount for switching policies prior to your current policy expiration. The savings is around 10%.
  • Multiple Policy Discount – If you have multiple policies with the same insurance company you could get a discount of at least 10% off all policies.

Keep in mind that many deductions do not apply to your bottom line cost. Most only reduce individual premiums such as medical payments or collision. Even though it may seem like you can get free auto insurance, companies wouldn’t make money that way. Any qualifying discounts will cut your overall premium however.

Companies that possibly offer these benefits may include but are not limited to:

Before buying, ask every prospective company how you can save money. Discounts might not apply in every state.

Situations that might require an agent

When choosing coverage, there isn’t really a “best” method to buy coverage. Everyone’s needs are different.

For instance, these questions can help discover whether or not you will benefit from professional help.

  • Are split liability limits better than a combined single limit?
  • Am I covered by my employer’s commercial auto policy when driving my personal car for business?
  • How can I find cheaper teen driver insurance?
  • What is roadside assistance coverage?
  • Does my insurance cover damage caused when ticketed for reckless driving?
  • Can my teen driver be rated on a liability-only vehicle?
  • When does my teenage driver need to be added to my policy?

If you don’t know the answers to these questions but one or more may apply to you, you might consider talking to a licensed agent. If you want to speak to an agent in your area, simply complete this short form. It only takes a few minutes and can provide invaluable advice.

Coverage specifics

Understanding the coverages of your auto insurance policy can be of help when determining the right coverages and proper limits and deductibles. The coverage terms in a policy can be confusing and reading a policy is terribly boring.

Comprehensive coverages – This covers damage from a wide range of events other than collision. A deductible will apply then your comprehensive coverage will pay.

Comprehensive can pay for things like a tree branch falling on your vehicle, a broken windshield, hitting a bird and theft. The highest amount you can receive from a comprehensive claim is the cash value of the vehicle, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

Coverage for medical payments – Personal Injury Protection (PIP) and medical payments coverage pay for expenses for nursing services, EMT expenses, pain medications, funeral costs and rehabilitation expenses. They can be used in conjunction with a health insurance plan or if there is no health insurance coverage. Coverage applies to all vehicle occupants and will also cover being hit by a car walking across the street. Personal Injury Protection is not an option in every state and may carry a deductible

Uninsured and underinsured coverage – This gives you protection when other motorists are uninsured or don’t have enough coverage. It can pay for hospital bills for your injuries and damage to your Chevy Silverado 1500.

Since 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 very important. Frequently these coverages are similar to your liability insurance amounts.

Collision coverage – Collision coverage pays to fix your vehicle from damage resulting from colliding with a stationary object or other vehicle. You have to pay a deductible and then insurance will cover the remainder.

Collision coverage pays for things such as driving through your garage door, crashing into a ditch, crashing into a building, colliding with another moving vehicle and scraping a guard rail. This coverage can be expensive, so consider dropping it from vehicles that are older. Another option is to raise the deductible to bring the cost down.

Liability insurance – Liability coverage can cover damage or injury you incur to other’s property or people that is your fault. This insurance protects YOU against claims from other people, and does not provide coverage for your injuries or vehicle damage.

Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see policy limits of 25/50/25 that means you have a $25,000 limit per person for injuries, a per accident bodily injury limit of $50,000, and a limit of $25,000 paid for damaged property. Another option is a combined limit that pays claims from the same limit with no separate limits for injury or property damage.

Liability insurance covers claims like court costs, pain and suffering and legal defense fees. How much coverage you buy is your choice, but buy higher limits if possible.

In the end, you save

When shopping online for car insurance, it’s a bad idea to sacrifice coverage to reduce premiums. In many instances, consumers will sacrifice liability limits or collision coverage only to regret that their decision to reduce coverage ended up costing them more. Your aim should be to purchase a proper amount of coverage at an affordable rate while still protecting your assets.

Lower-priced 2002 Chevy Silverado 1500 insurance can be purchased from both online companies as well as from independent agents, so you should compare both to have the best selection. Some insurance companies don’t offer you the ability to get quotes online and these small insurance companies work with independent agents.

We just showed you a lot of tips how to compare insurance prices online. The key thing to remember is the more providers you compare, the higher the chance of saving money. Drivers may discover the best prices are with some of the lesser-known companies.

For more information, take a look at the resources below: