How Much Does 2015 Chevrolet Silverado 1500 Insurance Cost?

Feel like you’re a prisoner to an overpriced car insurance policy? Believe me when I say many consumers feel financially strained by their car insurance policy.

Many car insurance companies vie for your business, so it’s not easy to compare every insurer and get the definite best rate

How to Lower Your Auto Insurance Cost

All major auto insurance companies such as State Farm and Allstate quote coverage price quotes directly from their websites. The process is pretty easy as you simply enter your personal and coverage information as requested by the quote form. Upon sending the form, the company’s rating system requests your driving record and credit report and returns a price based on many factors. Online quotes simplifies rate comparisons, but the time required to go to several different sites and complete many quote forms can be a bit repetitive. But it’s absolutely necessary to get many rate quotes in order to find the lowest price.

Quote rates the easy way

A more efficient way to compare rates uses one simple form to get prices from several different companies. The form is fast, eliminates repetitive work, and makes online shopping much easier to do. Once the form is submitted, it is rated with multiple companies and you can pick any of the quotes returned. If one or more price quotes are lower than your current rates, you can click and sign and buy the policy. It only takes a few minutes and could lower your rates considerably.

To get comparison pricing now, click here and submit the form. If you have coverage now, it’s recommended you replicate the insurance coverages identical to your current policy. Doing this guarantees you will get a price comparison using the exact same coverages.

Don’t pay full price with these discounts

Companies that sell car insurance don’t list every discount very well, so we took the time to find some of the best known and also the lesser-known car insurance savings.

  • Employee of Federal Government – Employees or retirees of the government may qualify you for a discount for Silverado insurance with a few car insurance companies.
  • Drive Less and Save – Keeping the miles down on your Chevy could be rewarded with lower rates on the low mileage vehicles.
  • Memberships – Participating in a qualifying organization is a good way to get lower rates on car insurance for Silverado insurance.
  • Anti-lock Brakes – Vehicles equipped with ABS or steering control prevent accidents and earn discounts up to 10%.
  • Sign Online – Certain companies give back up to $50 for buying your policy digitally online.
  • Accident Waiver – Certain companies will forgive one accident before hitting you with a surcharge as long as you don’t have any claims for a certain period of time.
  • Discounts for Safe Drivers – Insureds without accidents can get discounts for up to 45% lower rates for Silverado insurance than drivers with accident claims.
  • More Vehicles More Savings – Insuring multiple cars or trucks on the same car insurance policy could earn a price break for each car.
  • Seat Belt Usage – Buckling up and requiring all passengers to buckle their seat belts could cut 10% or more off the personal injury premium cost.

Drivers should understand that some of the credits will not apply to your bottom line cost. Some only reduce specific coverage prices like physical damage coverage or medical payments. So when it seems like it’s possible to get free car insurance, companies don’t profit that way.

Companies that may offer these discounts include:

Double check with every prospective company which discounts they offer. Savings may not be available everywhere.

Some factors that can determine what Chevy Silverado 1500 insurance costs

An important part of buying insurance is that you know the rating factors that come into play when calculating the rates you pay for car insurance. When you know what positively or negatively controls the rates you pay empowers consumers to make smart changes that can help you get big savings.

  • Liability coverage protects you – Liability insurance will protect you if ever you are found liable for personal injury or accident damage. Liability provides legal defense which can be incredibly expensive. This coverage is very inexpensive compared to physical damage coverage, so drivers should carry high limits.
  • Drive less and save money – The more miles you rack up on your Chevy each year the higher your rates will be. Most companies apply a rate based on how the vehicle is used. Cars and trucks not used for work or commuting qualify for better rates compared to those used for work or business. Improper usage on your Silverado 1500 can cost quite a bit. Ask your agent if your car insurance policy properly reflects how each vehicle is driven.
  • Do you work long hours in a high stress job? – Did you know your car insurance rates can be affected by your occupation? Careers like doctors, executives and dentists have the highest average rates due to job stress and lots of time spent at work. Other professions such as farmers, historians and performers get better rates for Silverado insurance.
  • Marriage pays dividends – Being married can get you a discount on car insurance. It translates into being more mature and responsible and it’s statistically proven that married drivers get in fewer accidents.

Your personal situation dictates your coverage

When choosing coverage, there really is no single plan that fits everyone. Everyone’s needs are different and your policy should reflect that. For instance, these questions might help in determining whether you will benefit from professional help.

  • What is PIP insurance?
  • Am I covered when driving on a suspended license?
  • Does my policy pay for OEM or aftermarket parts?
  • Does insurance cover tools stolen from my truck?
  • Does my policy cover my teen driver if they drive my company car?
  • Am I covered if I drive in a foreign country?
  • Is a new car covered when I drive it off the dealer lot?
  • Should I drop comprehensive coverage on older vehicles?

If you’re not sure about those questions, then you may want to think about talking to an agent. If you don’t have a local agent, simply complete this short form or click here for a list of car insurance companies in your area.

Auto insurance coverage basics

Having a good grasp of your auto insurance policy aids in choosing the right coverages and the correct deductibles and limits. The coverage terms in a policy can be confusing and even agents have difficulty translating policy wording. These are typical coverage types offered by auto insurance companies.

Uninsured/Underinsured Motorist coverage

This gives you protection from other drivers when they either are underinsured or have no liability coverage at all. Covered losses include medical payments for you and your occupants as well as your vehicle’s damage.

Due to the fact that many drivers only purchase the least amount of liability that is required, their limits can quickly be used up. So UM/UIM coverage should not be overlooked.

Collision coverage

Collision coverage pays for damage to your Silverado 1500 from colliding with another car or object. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision can pay for things like rolling your car, colliding with a tree, scraping a guard rail and backing into a parked car. Collision is rather expensive coverage, so you might think about dropping it from older vehicles. It’s also possible to raise the deductible to get cheaper collision coverage.

Liability auto insurance

This can cover damage or injury you incur to people or other property. It protects YOU from legal claims by others, and doesn’t cover damage to your own property or vehicle.

Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. Your policy might show liability limits of 100/300/100 which stand for $100,000 in coverage for each person’s injuries, a per accident bodily injury limit of $300,000, and a total limit of $100,000 for damage to vehicles and property.

Liability coverage pays for claims like attorney fees, medical expenses, court costs, medical services and bail bonds. How much liability coverage do you need? That is a decision to put some thought into, but you should buy as high a limit as you can afford.

Medical payments coverage and PIP

Personal Injury Protection (PIP) and medical payments coverage pay for immediate expenses such as ambulance fees, hospital visits, rehabilitation expenses and pain medications. They are used to fill the gap from your health insurance policy or if there is no health insurance coverage. It covers all vehicle occupants and also covers being hit by a car walking across the street. Personal Injury Protection is not universally available but it provides additional coverages not offered by medical payments coverage

Comprehensive coverage

This covers damage OTHER than collision with another vehicle or object. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive can pay for things such as fire damage, damage from a tornado or hurricane and a broken windshield. The maximum amount a auto insurance company will pay at claim time is the actual cash value, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

At the end of the day…

When trying to cut insurance costs, you should never buy less coverage just to save a little money. In many instances, an accident victim reduced uninsured motorist or liability limits only to regret at claim time that a couple dollars of savings turned into a financial nightmare. Your aim should be to find the BEST coverage for the lowest price, not the least amount of coverage.

Lower-priced 2015 Chevy Silverado 1500 insurance can be sourced from both online companies and also from your neighborhood agents, so you should be comparing quotes from both to get a complete price analysis. There are still a few companies who may not provide online price quotes and these smaller companies work with independent agents.

We just covered many ideas to compare insurance prices online. It’s most important to understand that the more providers you compare, the higher the chance of saving money. Drivers may discover the lowest priced insurance comes from a company that doesn’t do a lot of advertising. Regional companies often have lower prices on specific markets as compared to the big name companies such as Progressive and GEICO.

Additional insurance information is located below: