Trying to find the cheapest car insurance rates for your Chevrolet Silverado 1500? Sick and tired of scraping the payment together to pay your car insurance bill each month? Your situation is no different than many other consumers. There are many auto insurance companies to buy insurance from, and although it’s a good thing to have multiple companies, it makes it harder to adequately compare rates.
You need to take a look at other company’s rates once or twice a year because insurance rates are constantly changing. Even if you got the best deal for Silverado insurance a few years ago a different company probably has better rates today. Forget all the misinformation about car insurance because you’re about to find out the right way to lower your rates without sacrificing coverage.
Shopping for lower insurance coverage rates can be a lot of work if you don’t understand the most efficient way to do it. You can waste a few hours (or days) talking to agents in your area, or you could use online quotes to get rate comparisons in just a few minutes.
Most of the larger companies take part in a program that allows shoppers to only type in their quote data once, and each company can give them a price determined by their information. This system prevents you from having to do quote requests to every company.
To participate in this free quote system, click to open in new window.
One minor caviat to using this type of system is you are unable to specify which carriers to receive prices from. So if you want to choose from a list of companies to receive pricing from, we have a page of companies who write insurance coverage in your area. View list of insurance companies.
Which method you use is up to you, but compare the exact same coverage limits and deductibles for every quote you compare. If you use differing limits then you won’t be able to find the best deal for your Chevy Silverado 1500.
Insurance can be prohibitively expensive, but you can get discounts to reduce the price significantly. Some discounts apply automatically at quote time, but a few need to be asked for before you get the savings. If you don’t get every credit possible, you are paying more than you should be.
It’s important to understand that most discounts do not apply to your bottom line cost. The majority will only reduce the price of certain insurance coverages like comp or med pay. So when the math indicates you could get a free insurance policy, you won’t be that lucky. But all discounts will reduce your overall premium however.
To see a list of insurance companies with the best insurance discounts, click here to view.
When buying proper insurance coverage, there is no single plan that fits everyone. Every situation is different so your insurance needs to address that. Here are some questions about coverages that might help in determining whether your personal situation might need professional guidance.
If you don’t know the answers to these questions but one or more may apply to you then you might want to talk to an insurance agent. If you don’t have a local agent, take a second and complete this form or go to this page to view a list of companies. It’s fast, free and can provide invaluable advice.
Knowing the specifics of insurance can help you determine the right coverages and proper limits and deductibles. The coverage terms in a policy can be ambiguous and reading a policy is terribly boring. These are typical coverages offered by insurance companies.
Comprehensive coverage (or Other than Collision)
Comprehensive insurance coverage pays for damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first then your comprehensive coverage will pay.
Comprehensive can pay for things such as damage from flooding, fire damage, rock chips in glass, damage from a tornado or hurricane and theft. The maximum payout you can receive from a comprehensive claim is the actual cash value, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.
Collision coverage protection
This coverage pays to fix your vehicle from damage from colliding with a stationary object or other vehicle. You first must pay a deductible then the remaining damage will be paid by your insurance company.
Collision coverage protects against claims such as hitting a parking meter, sustaining damage from a pot hole, scraping a guard rail and hitting a mailbox. Collision coverage makes up a good portion of your premium, so you might think about dropping it from vehicles that are older. Drivers also have the option to choose a higher deductible to get cheaper collision coverage.
Insurance for medical payments
Med pay and PIP coverage reimburse you for bills for pain medications, nursing services, funeral costs, hospital visits and prosthetic devices. They are used to fill the gap from your health insurance policy or if you do not have health coverage. Coverage applies to you and your occupants as well as if you are hit as a while walking down the street. Personal injury protection coverage is only offered in select states but it provides additional coverages not offered by medical payments coverage
Uninsured Motorist or Underinsured Motorist insurance
Uninsured or Underinsured Motorist coverage gives you protection when the “other guys” are uninsured or don’t have enough coverage. Covered losses include hospital bills for your injuries and damage to your 2012 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. Usually these coverages are similar to your liability insurance amounts.
This protects you from injuries or damage you cause to people or other property by causing an accident. Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. You might see liability limits of 25/50/25 that means you have $25,000 in coverage for each person’s injuries, $50,000 for the entire accident, and a total limit of $25,000 for damage to vehicles and property. Some companies may use one limit called combined single limit (CSL) which combines the three limits into one amount without having the split limit caps.
Liability insurance covers claims such as funeral expenses, structural damage, bail bonds, legal defense fees and pain and suffering. How much liability coverage do you need? That is up to you, but buy as high a limit as you can afford.