2014 Chevrolet Silverado 1500 Car Insurance Rates

Want lower insurance rates for your Chevrolet Silverado 1500? Are you confused by the dozens of insurance companies? You’re not the only one! People have so many choices that it can quickly become a big hassle to locate the lowest price.

If you have car insurance now, you stand a good chance to be able to lower your premiums substantially using this strategy. The purpose of this post is to help you learn the most effective way to quote insurance and some tips to save money. But vehicle owners do need to understand the way insurance companies price insurance differently and apply this information to your search.

Vehicle Insurance Comparison

When shopping for insurance coverage there are multiple ways of comparing rate quotes from local insurance coverage companies. The easiest way to find the cheapest 2014 Chevy Silverado 1500 insurance rates involves getting comparison quotes online. This is very easy and can be done in just a few minutes using one of these methods.

  1. One of the simplest ways to find low rates is a comparison rater form like this one (opens in new window). This form prevents you from having to do separate quotation requests for each company you want a rate for. Taking the time to complete one form gets you coverage quotes from multiple low-cost companies. It’s the fastest way to compare.
  2. A less efficient way to get quotes online is to manually visit the website of each company to complete their respective quote request forms. For sake of this example, let’s say you want to compare Auto-Owners, Safeco and GEICO. To get each rate you have to take the time to go to each site and enter your information, and that’s why the first method is more popular.

    For a handy list of car insurance company links in your area, click here.

  3. The hardest way to get comparison rates is driving to local insurance agencies. Shopping for insurance coverage online eliminates the need for an insurance agent unless you prefer the trained guidance only provided by licensed agents. However, consumers can get the lowest quotes online and get advice from an agent in your area and we’ll talk about that later.

It’s up to you which method you use, but be sure to compare apples-to-apples coverages and limits for each comparison quote. If you have unequal deductibles or liability limits you can’t possibly make a fair comparison for your Chevy Silverado 1500. Slightly different coverages may result in large price differences. Just keep in mind that getting more free quotes provides better odds of finding the best rates.

Your coverage should be tailored to you

When buying adequate coverage for your vehicles, there really is no one size fits all plan. Each situation is unique.

These are some specific questions might point out whether you could use an agent’s help.

  • Am I covered if hit by an uninsured driver?
  • When should I drop full coverage on my 2014 Chevy Silverado 1500?
  • Where can I get insurance after a DUI in my state?
  • Am I getting all the discounts available?
  • How much liability insurance is required?
  • Should I file a claim if it’s only slightly more than my deductible?
  • Should I buy more coverage than the required minimum liability coverage?
  • Is a fancy paint job covered?
  • Do I pay less for low miles?
  • Am I covered when driving in Canada or Mexico?

If it’s difficult to answer those questions but you think they might apply to your situation, then you may want to think about talking to an insurance agent. To find lower rates from a local agent, complete this form.

Auto insurance coverage considerations

Knowing the specifics of your auto insurance policy helps when choosing the best coverages and the correct deductibles and limits. The terms used in a policy can be impossible to understand and nobody wants to actually read their policy.

Medical payments coverage and PIP

Medical payments and Personal Injury Protection insurance pay for short-term medical expenses for hospital visits, dental work and pain medications. The coverages can be used in conjunction with a health insurance policy or if you do not have health coverage. Coverage applies to not only the driver but also the vehicle occupants and will also cover any family member struck as a pedestrian. Personal Injury Protection is not available in all states but can be used in place of medical payments coverage

Uninsured/Underinsured Motorist coverage

This coverage protects you and your vehicle’s occupants from other drivers when they either are underinsured or have no liability coverage at all. It can pay for medical payments for you and your occupants as well as your vehicle’s damage.

Due to the fact that many drivers only carry the minimum required liability limits, their liability coverage can quickly be exhausted. So UM/UIM coverage is important protection for you and your family.

Comprehensive coverage

This coverage pays for damage that is not covered by collision coverage. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against claims such as a broken windshield, theft, falling objects and damage from getting keyed. The most you can receive from a comprehensive claim is the actual cash value, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Collision coverage

Collision insurance pays for damage to your Silverado 1500 caused by collision with another car or object. You will need to pay your deductible then your collision coverage will kick in.

Collision insurance covers claims such as hitting a parking meter, backing into a parked car 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 8 years or older. You can also bump up the deductible to get cheaper collision coverage.

Liability coverage

This will cover damages or injuries you inflict on other people or property by causing an accident. This insurance protects YOU from claims by other people, and doesn’t cover 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. Your policy might show liability limits of 100/300/100 which means $100,000 in coverage for each person’s injuries, a total of $300,000 of bodily injury coverage per accident, and a total limit of $100,000 for damage to vehicles and property.

Liability coverage protects against things such as medical services, attorney fees and court costs. How much coverage you buy is your choice, but you should buy as high a limit as you can afford.