Trying to find cheaper insurance coverage rates for your Chevrolet Silverado 1500? Nobody looks forward to paying for insurance coverage, in particular when the cost is too high.
Drivers have multiple auto insurance companies to purchase coverage from, and though it is a good thing to have multiple companies, it makes it harder to compare rates and cut insurance costs.
Buying affordable auto insurance coverage can be fairly easy. Essentially everyone who is shopping for auto insurance will more than likely be able to reduce their rates. Although vehicle owners should learn how big insurance companies price insurance differently and apply this information to your search.
Most major insurance companies like Allstate and Progressive allow you to get insurance quotes on their websites. The process is quite simple as you simply type in your required coverages as detailed in the form. When complete, the company’s rating system automatically orders reports for credit and driving violations and returns a price determined by many factors. This helps simplify price comparisons, but having to visit multiple sites and complete many quote forms can get tiresome after awhile. Unfortunately, it is important to have as many quotes as possible in order to find the lowest price.
The better way to compare rates
The preferred way to lower your insurance bill uses one form to return rates from a lot of companies. It saves time, eliminates repetitive work, and makes rate comparisons a lot less work. Immediately after you send the form, it is quoted and you are able to buy any one of the price quotes you receive.
If a lower price is quoted, it’s easy to complete the application and buy the policy. It only takes a few minutes and could lower your rates considerably.
In order to use this form to compare rates, click here to open in new window and submit the form. If you have a policy now, it’s recommended you copy your coverages exactly as they are listed on your policy. This way, you’re receiving a price comparison based on similar coverages.
Car insurance is not cheap, but you may find discounts that you may not know about. Certain discounts will be triggered automatically at the time of purchase, but a few need to be asked for in order for you to get them.
A little note about advertised discounts, most credits do not apply to your bottom line cost. Some only apply to individual premiums such as liability and collision coverage. So even though they make it sound like all the discounts add up to a free policy, auto insurance companies aren’t that generous. Any qualifying discounts will reduce the amount you have to pay.
To see a list of companies with the best auto insurance discounts, follow this link.
When choosing adequate coverage, there isn’t really a single plan that fits everyone. Everyone’s needs are different so your insurance should reflect that Here are some questions about coverages that can help discover if your insurance needs might need an agent’s assistance.
If you can’t answer these questions, then you may want to think about talking to a licensed agent. To find lower rates from a local agent, simply complete this short form or you can also visit this page to select a carrier
Companies like Allstate and Progressive consistently run ads on TV and radio. All the ads have a common claim of big savings if you change your policy. How do they all claim to save you money? This is how they do it.
All the different companies have a certain “appetite” for the driver that earns them a profit. A good example of a desirable insured might be over the age of 40, has no prior claims, and chooses high deductibles. Any driver that hits that “sweet spot” gets the lowest rates and most likely will save quite a bit of money when switching.
Drivers who don’t measure up to the requirements will have to pay a higher premium and this can result in the customer not buying. Company advertisements say “customers that switch” not “everyone that quotes” save money. That’s the way companies can truthfully state the savings.
Because of the profiling, it’s extremely important to get as many quotes as possible. It’s impossible to know which company will give you the biggest savings on Chevy Silverado 1500 insurance.
Having a good grasp of your policy can help you determine the right coverages at the best deductibles and correct limits. Policy terminology can be impossible to understand and even agents have difficulty translating policy wording. These are typical coverage types available from insurance companies.
Uninsured/Underinsured Motorist (UM/UIM)
Your UM/UIM coverage protects you and your vehicle from other drivers when they either have no liability insurance or not enough. Covered claims include injuries sustained by your vehicle’s occupants and also any damage incurred to your Chevy Silverado 1500.
Due to the fact that many drivers have only the minimum liability required by law, their limits can quickly be used up. For this reason, having high UM/UIM coverages should not be overlooked. Most of the time your uninsured/underinsured motorist coverages do not exceed the liability coverage limits.
Med pay and Personal Injury Protection (PIP)
Medical payments and Personal Injury Protection insurance kick in for bills like pain medications, prosthetic devices, chiropractic care, nursing services and rehabilitation expenses. The coverages can be used to fill the gap from your health insurance policy or if there is no health insurance coverage. They cover you and your occupants in addition to any family member struck as a pedestrian. PIP coverage is only offered in select states but can be used in place of medical payments coverage
Collision coverage protection
This coverage will pay to fix damage to your Silverado 1500 caused by collision with another vehicle or an object, but not an animal. A deductible applies and the rest of the damage will be paid by collision coverage.
Collision coverage pays for claims such as hitting a parking meter, hitting a mailbox, sideswiping another vehicle and scraping a guard rail. Collision coverage makes up a good portion of your premium, so you might think about dropping it from vehicles that are 8 years or older. Another option is to increase the deductible to get cheaper collision coverage.
This protects you from injuries or damage you cause to other’s property or people. Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. You commonly see liability limits of 25/50/25 which stand for a $25,000 limit per person for injuries, $50,000 for the entire accident, and a total limit of $25,000 for damage to vehicles and property. Alternatively, you may have one limit called combined single limit (CSL) which combines the three limits into one amount with no separate limits for injury or property damage.
Liability can pay for claims such as funeral expenses, pain and suffering, repair bills for other people’s vehicles, legal defense fees and structural damage. The amount of liability coverage you purchase is a decision to put some thought into, but consider buying higher limits if possible.
This coverage pays for damage that is not covered by collision coverage. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive can pay for things such as hail damage, damage from getting keyed, rock chips in glass and fire damage. The highest amount 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 it’s not worth carrying full coverage.
In this article, we presented a lot of ways to get a better price on 2005 Chevy Silverado 1500 insurance. The key thing to remember is the more companies you get rates for, the better chance you’ll have of finding lower rates. You may be surprised to find that the lowest premiums are with some of the lesser-known companies. They can often provide lower rates in certain areas than the large multi-state companies such as State Farm and Allstate.
Budget-conscious insurance is possible online in addition to many insurance agents, and you should compare price quotes from both to have the best chance of lowering rates. A few companies do not provide online price quotes and most of the time these small insurance companies sell through independent agents.