2003 Chevrolet Silverado 1500 Insurance Quotes

Searching for cheaper car insurance rates for your Chevrolet Silverado 1500? Locating cheaper insurance for your Chevy Silverado 1500 can normally be a painful process, but you can learn a few tricks and make it easy.

There are both good and bad ways to buy car insurance so you’re going to learn the best way to quote coverages for a new or used Chevy and find the lowest price either online or from local insurance agents.

It’s a good idea to do price comparisons once or twice a year because insurance prices change regularly. Despite the fact that you may have had the lowest price on Silverado insurance on your last policy there may be better deals available now. Don’t believe everything you read about car insurance online, but by reading this article, you’re going to learn a bunch of ideas how to quit paying high car insurance rates.

Locating affordable protection is simple if you know the tricks. If you have insurance now or need new coverage, you can follow these tips to get lower rates and possibly find even better coverage. Drivers just need to understand the most efficient way to shop for insurance online.

How to shop auto insurance online

Performing a rate comparison can be challenging if you don’t know the most efficient way. You could waste time driving to insurance companies in your area, or you could use the internet to quickly compare rates.

Most of the best insurance companies participate in a marketplace that allows shoppers to submit one quote, and each participating company returns a rated price determined by their information. This saves time by eliminating quotation requests to every company.

To compare rates using this form now click to open in new window.

The one downside to getting quotes like this is that consumers can’t choose which carriers to receive prices from. So if you want to select specific providers to compare, we have assembled a list of low cost auto insurance companies in your area. Click to view list.

However you get your quotes, do your best to enter the same coverage information on every price quote you get. If you are comparing different deductibles you will not be able to decipher which rate is best.

Lower rates by qualifying for discounts

Car insurance is not cheap, but there may be some discounts that can drop the cost substantially. Certain reductions will be credited when you purchase, but lesser-known reductions have to be specially asked for before you get the savings.

  • Resident Student – College-age children who live away from home to go to college and do not have a car may be able to be covered for less.
  • Onboard Data Collection – Drivers who agree to allow companies to track their driving habits by using a small device installed in their vehicle like Drivewise from Allstate or In-Drive from State Farm may get a rate reduction if they are good drivers.
  • Seat Belts Save – Drivers who require all occupants to wear their seat belts could save 15% off the PIP or medical payment premium.
  • Theft Prevention Discount – Anti-theft and alarm system equipped vehicles prevent vehicle theft and therefore earn up to a 10% discount.
  • No Claims – Insureds with no claims or accidents have much lower rates compared to frequent claim filers.

Consumers should know that most discount credits are not given to the overall cost of the policy. Most only cut the cost of specific coverages such as comprehensive or collision. So when it seems like all those discounts means the company will pay you, insurance companies wouldn’t stay in business.

To view insurers who offer insurance discounts, click here to view.

Car insurance is unique, just like you

When buying the right insurance coverage, there isn’t really a “perfect” insurance plan. Every insured’s situation is different.

Here are some questions about coverages that may help you determine whether your personal situation might need professional guidance.

  • I have good health insurance, so how much medical payments coverage do I need?
  • What is covered by UM/UIM coverage?
  • Will filing a claim cost me more?
  • When would I need additional glass coverage?
  • Do I need replacement cost coverage on my 2003 Chevy Silverado 1500?
  • Do I need special endorsements for business use of my vehicle?

If it’s difficult to answer those questions, you might consider talking to a licensed agent. If you don’t have a local agent, fill out this quick form. It only takes a few minutes and may give you better protection.

How you can control Chevy Silverado 1500 insurance costs

When buying insurance coverage it’s important to understand some of the elements that aid in calculating the rates you pay for insurance coverage. When you know what positively or negatively impacts premium levels, this allows you to make good choices that may reward you with big savings. Multiple criteria are part of the calculation when you quote your car insurance policy. Most are fairly basic such as your driving history, but some are not as apparent such as your marital status or your vehicle rating.

The list below includes a few of the things companies use to determine your rates.

  • Don’t buy incidental coverages you don’t use – Insurance policies have a lot of additional extra coverages that can add up if you aren’t careful. Things like rental car coverage, towing coverage, and extra life insurance coverage may be wasting your money. You may think they are a good idea when buying your policy, but your needs may have changed so eliminate the coverages to reduce your premium.
  • Always have insurance coverage – Allowing your coverage to lapse will be a sure-fire way to increase your renewal premiums. And not only will insurance be more expensive, getting caught without coverage may earn you a revoked license or a big fine. You may need to file a SR-22 with your state DMV.
  • More people means more accidents – Being located in areas with lower population has it’s advantages when buying insurance coverage. Residents of big cities regularly have traffic congestion and much longer commute distances. Fewer drivers and short commutes means fewer accidents in addition to lower liability claims
  • Minor frequent insurance claims are not good – Car insurance companies provide the lowest premiums to people who file claims infrequently. If you file a lot of claims you can look forward to either higher rates or even cancellation. Your car insurance is designed for the large, substantial claims.
  • High credit scores equal low costs – Credit score will be a significant factor in calculating your insurance coverage rates. Consumers who have good credit tend to be better risks to insure than drivers who have lower credit scores. Therefore, if your credit could use some work, you could potentially save money when insuring your 2003 Chevrolet Silverado 1500 by improving your credit score.
  • Save money by raising comp and collision deductibles – Protection for physical damage, otherwise known as comp (or other than collision) and collision, is used to repair damage to your vehicle. Some examples of covered claims are running into the backend of another car, damage from fire, or theft. Your deductibles are how much you are willing to pay if the claim is covered. The more money the insured is willing to pay, the lower your rates will be on Silverado insurance.
  • Don’t get traffic citations – A bad driving record impacts premiums far more than you think. Attentive drivers get better rates compared to bad drivers. Just one driving citation can boost insurance rates to the point where it’s not affordable. Drivers who have gotten license-revoking violations such as reckless driving or DUI may face state-mandated requirements to prove financial responsibility to the state department of motor vehicles in order to continue driving.
  • Rates can drop if you have more than one policy – Many insurance companies allow lower prices to insureds who consolidate policies with them such as combining an auto and homeowners policy. The discount can be anywhere from five to ten percent in most cases. Even if you’re getting this discount you may still want to comparison shop to verify if the discount is saving money. You may still be able to save even more than the discount by buying from different companies

Detailed coverages of your auto insurance policy

Knowing the specifics of your auto insurance policy helps when choosing the right coverages and the correct deductibles and limits. Policy terminology can be impossible to understand and nobody wants to actually read their policy.

Comprehensive coverage (or Other than Collision) – This pays for damage from a wide range of events other than collision. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive can pay for things such as damage from flooding, hitting a deer and damage from a tornado or hurricane. The maximum amount you can receive from a comprehensive claim is the cash value of the vehicle, so if the vehicle’s value is low consider dropping full coverage.

Uninsured Motorist or Underinsured Motorist insurance – This coverage protects you and your vehicle’s occupants from other motorists when they do not carry enough liability coverage. It can pay for medical payments for you and your occupants and also any damage incurred to your 2003 Chevy Silverado 1500.

Since many drivers have only the minimum liability required by law, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages should not be overlooked. Normally these limits are identical to your policy’s liability coverage.

Insurance for medical payments – Medical payments and Personal Injury Protection insurance kick in for short-term medical expenses for hospital visits, ambulance fees, pain medications, surgery and chiropractic care. They can be used to cover expenses not covered by your health insurance plan or if you are not covered by health insurance. They cover you and your occupants in addition to any family member struck as a pedestrian. Personal Injury Protection is not universally available and may carry a deductible

Auto liability – This will cover injuries or damage you cause to other people or property in an accident. It protects YOU from claims by other people. Liability doesn’t cover damage to your own property or vehicle.

Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. You might see 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 property damage coverage for $25,000. Another option is a combined limit which provides one coverage limit without having the split limit caps.

Liability coverage pays for claims such as court costs, attorney fees, bail bonds, repair costs for stationary objects and emergency aid. How much liability should you purchase? That is your choice, but consider buying as large an amount as possible.

Collision coverages – This pays for damage to your Silverado 1500 caused by collision with another car or object. You have to pay a deductible then your collision coverage will kick in.

Collision coverage protects against claims such as backing into a parked car, colliding with another moving vehicle and hitting a parking meter. Collision coverage makes up a good portion of your premium, so consider removing coverage from vehicles that are older. You can also choose a higher deductible to bring the cost down.

Stretch your dollar

Consumers leave their current company for a number of reasons such as extreme rates for teen drivers, delays in paying claims, lack of trust in their agent or even being labeled a high risk driver. No matter why you want to switch, finding a new company can be pretty painless.

Cheap 2003 Chevy Silverado 1500 insurance is possible on the web in addition to local insurance agencies, and you should be comparing both in order to have the best price selection to choose from. There are still a few companies who do not offer the ability to get a quote online and many times these smaller providers only sell coverage through independent agencies.

As you shop your coverage around, you should never buy less coverage just to save a little money. There are too many instances where drivers have reduced collision coverage only to regret that the savings was not a smart move. The aim is to get the best coverage possible at an affordable rate but still have enough coverage for asset protection.

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