How Much Does 2006 Chevrolet Silverado 1500 Insurance Cost?

Did you fall for a flashy sales pitch and buy an overpriced insurance policy? Trust us when we tell you many consumers feel financially strained by their insurance policy. Insurance companies such as State Farm and GEICO continually bombard you with ads and consumers find it hard to ignore the flying pigs and cute green geckos and do the work needed to find the best deal.

It is always a good idea to check insurance prices quite often since insurance rates are constantly changing. Even if you got the best price for Silverado coverage two years ago you will most likely find a better rate today. You can find a lot of wrong information about insurance on the web, but with this article, you’re going to get a lot of great tips on how to find cheap insurance.

If you are insured now or need new coverage, you can use these techniques to find better prices and possibly find even better coverage. Buying car insurance is not rocket science. Drivers just need to know the most efficient way to compare price quotes online.

Be sure to get all your discounts

Insuring your fleet can be pricey, but there could be available discounts that you may not know about. Most are applied at quote time, but less common discounts must be specifically requested prior to getting the savings. If you don’t get every credit you deserve, you are paying more than you should be.

  • Discount for Swiching Early – Some companies give discounts for switching policies prior to your current policy expiring. The savings is around 10%.
  • Anti-theft Discount – Vehicles with anti-theft systems help deter theft and earn discounts up to 10%.
  • Paperwork-free – Certain companies may give you up to $50 for buying a policy and signing up online.
  • Driver Safety – Successfully completing a defensive driving course could cut 5% off your bill if you qualify.
  • Student in College – Youth drivers living away from home attending college and don’t have a car can be insured at a reduced rate.
  • Drive Less and Save – Fewer annual miles on your Chevy could be rewarded with lower rates on the low mileage vehicles.
  • Discounts for Safe Drivers – Insureds without accidents may receive a discount up to 45% less for Silverado coverage than drivers with accidents.
  • Save with a New Car – Buying coverage on a new vehicle can cost up to 25% less since new cars are generally safer.

A little note about advertised discounts, some of the credits will not apply to all coverage premiums. A few only apply to the cost of specific coverages such as collision or personal injury protection. So even though they make it sound like you can get free auto insurance, it doesn’t quite work that way. Any amount of discount will bring down the amount you have to pay.

Companies who might offer these discounts may include but are not limited to:

Before buying, ask every prospective company which discounts they offer. Savings may not be available everywhere.

Insurance Prices

Most major insurance companies quote coverage price quotes directly from their websites. The process is quite easy as you simply enter your personal and coverage information as requested by the quote form. When the form is submitted, their system sends out for your driving and credit reports and returns a price. Online quotes makes comparing rates easy, but the time required to go to different websites and enter the same data into a form gets old quite quickly. Unfortunately, it is important to have as many quotes as possible in order to get a lower rate.

Quote rates the easy way

A more efficient way to find cheaper rates makes use of a single form to return rates from many companies. It saves time, helps eliminate reptitive entry, and makes rate comparisons much more enjoyable. Immediately after you send the form, it is quoted and you are able to buy any one of the resulting price quotes.

If you find a better price you can click and sign and purchase the new policy. The entire process takes just a few minutes to complete and could lower your rates considerably.

To fill out one form to compare multiple rates now, click here and submit the form. If you have a policy now, it’s recommended you copy your coverages identical to your current policy. This ensures you will be getting a rate comparison for similar coverage.

How do I know if I need professional advice?

When it comes to choosing the best insurance coverage coverage for your personal vehicles, there really is no “best” method to buy coverage. Everyone’s needs are different so this has to be addressed. For example, these questions could help you determine if your situation could use an agent’s help.

  • What are the financial responsibility laws in my state?
  • Can I afford to pay high deductible claims out of pocket?
  • I have a DUI can I still get coverage?
  • Can I drive in Mexico and have coverage?
  • What companies insure drivers after a DUI or DWI?
  • Do I need motorclub coverage?
  • I don’t drive much so do I pay less?
  • Should I put collision coverage on all my vehicles?
  • Does my policy pay for OEM or aftermarket parts?

If it’s difficult to answer those questions, you might consider talking to an insurance agent. If you want to speak to an agent in your area, take a second and complete this form or go to this page to view a list of companies. It’s fast, doesn’t cost anything and can provide invaluable advice.

Specific coverage details

Understanding the coverages of insurance can be of help when determining the best coverages for your vehicles. Insurance terms can be impossible to understand and nobody wants to actually read their policy. Listed below are the normal coverages offered by insurance companies.

Collision protection

Collision coverage pays to fix your vehicle from damage from colliding with a stationary object or other vehicle. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision coverage pays for things like driving through your garage door, damaging your car on a curb, hitting a mailbox and sideswiping another vehicle. Collision is rather expensive coverage, so you might think about dropping it from vehicles that are 8 years or older. Another option is to raise the deductible to get cheaper collision coverage.

Medical payments coverage and PIP

Coverage for medical payments and/or PIP kick in for expenses for things like rehabilitation expenses, prosthetic devices, hospital visits, ambulance fees and surgery. They are often used to fill the gap from your health insurance plan or if there is no health insurance coverage. Medical payments and PIP cover all vehicle occupants and will also cover getting struck while a pedestrian. PIP coverage is not an option in every state and gives slightly broader coverage than med pay

Uninsured/Underinsured Motorist coverage

This gives you protection when other motorists are uninsured or don’t have enough coverage. This coverage pays for injuries sustained by your vehicle’s occupants and damage to your Chevy Silverado 1500.

Since many drivers only purchase the least amount of liability that is required, their limits can quickly be used up. For this reason, having high UM/UIM coverages is very important. Frequently these coverages are similar to your liability insurance amounts.

Auto liability insurance

This coverage provides protection from injuries or damage you cause to a person or their property by causing an accident. It protects you against claims from other people, and does not provide coverage for your injuries or vehicle damage.

Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see values of 100/300/100 that translate to a $100,000 limit per person for injuries, a limit of $300,000 in injury protection per accident, and $100,000 of coverage for damaged propery. Alternatively, you may have a combined single limit or 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 legal defense fees, court costs, repair costs for stationary objects and medical expenses. The amount of liability coverage you purchase is your choice, but buy higher limits if possible.

Comprehensive coverage

This coverage will pay to fix damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for things like hitting a bird, fire damage, damage from flooding, vandalism and theft. The highest amount you can receive from a comprehensive claim is the market value of your vehicle, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.

Power to the consumer

Cost effective 2006 Chevy Silverado 1500 insurance can be bought on the web as well as from independent agents, so you should compare both to have the best chance of lowering rates. Some companies don’t offer online quoting and many times these smaller companies only sell through independent insurance agents.

In this article, we presented a lot of information how to lower your insurance rates. The most important thing to understand is the more rate comparisons you have, the better chance you’ll have of finding lower rates. You may even find the most savings is with the least-expected company. Some small companies can often insure niche markets at a lower cost compared to the large companies like Progressive or GEICO.

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