2011 Chevrolet Silverado 1500 Car Insurance Cost

Trying to find cheaper insurance for your Chevy Silverado 1500 can be difficult, but you can use the following methods to make it easier.

There is a better way to shop for insurance and you need to know the absolute fastest way to quote coverages on a Chevy and find the cheapest rates from local insurance agents and online providers.

If you have a policy now or need a new policy, you will benefit by learning to find the best rates while maintaining coverages. Pricing cheaper coverage is simple if you know the tricks. Drivers only need an understanding of the best way to shop their coverage around on the web.

Why your insurance prices might be higher

When buying insurance it’s important to understand the rating factors that aid in calculating your premiums. When you know what positively or negatively controls the rates you pay, this allows you to make good choices that will entitle you to lower premium levels. Many different elements are part of the equation when quoting car insurance. Some are pretty understandable like your driving record, although some other factors are more obscure like your continuous coverage or your financial responsibility.

  • Your spouse saves you money – Having a spouse may save some money on insurance. It generally demonstrates drivers are more financially stable and statistics prove being married results in fewer claims.
  • Pay more by driving carelessly – Drivers with clean records pay less for auto insurance as compared to careless drivers. Only having one citation may increase your cost by as much as twenty percent. People who have severe violations like reckless driving or DUI may find that they have to to prove financial responsibility with the DMV in their state in order to continue driving.
  • Insurance rates in urban areas – Being located in less populated areas is a good thing when talking about insurance. Residents of big cities have to deal with more auto accidents and a longer drive to work. Less people living in that area corresponds to lower accident rates.
  • Liability coverage – Liability insurance is the protection when a court rules you are at fault for personal injury or accident damage. Your liability coverage provides for a legal defense to defend your case. Liability insurance is pretty cheap when compared to the cost of physical damage coverage, so do not cut corners here.
  • An active insurance claims history can cost more – If you’re an insured who likes to file claims you can definitely plan on higher premiums or even policy non-renewal. Auto insurance companies give better rates to drivers who are not frequent claim filers. Your insurance policy is designed for the large, substantial claims.

Car insurance discounts are available to lower your rates

Auto insurance companies don’t always advertise all possible discounts in an easy-to-find place, so the list below gives a summary of both well-publicized and the harder-to-find discounts that you may qualify for.

  • Discounts for Cautious Drivers – Drivers without accidents can get discounts for up to 45% lower rates on Silverado insurance than drivers with accidents.
  • New Car Discount – Insuring a vehicle that is new can save up to 30% since newer vehicles have better safety ratings.
  • Auto/Life Discount – Larger insurance companies have a small discount if you purchase auto and life insurance together.
  • Defensive Driving Course – Completing a course that instructs on driving safety could save 5% or more if you qualify.
  • Distant Student Discount – Kids who live away from home to go to college and won’t have access to an insured vehicle could get you a discount.
  • Good Students Pay Less – Being a good student may save as much as 25% on a insurance quote. The discount lasts well after school through age 25.
  • Theft Prevention Discount – Vehicles that have factory alarm systems and tracking devices are stolen less frequently and therefore earn up to a 10% discount.
  • Early Payment Discounts – If you pay your bill all at once as opposed to paying monthly you may reduce your total bill.
  • Own a Home and Save – Owning your own home or condo can help you save on car insurance because owning a home shows financial diligence.
  • Active Service Discounts – Having an actively deployed family member could be rewarded with lower rates.

Discounts reduce rates, but you should keep in mind that some of the credits will not apply to all coverage premiums. Most only cut individual premiums such as collision or personal injury protection. If you do the math and it seems like having all the discounts means you get insurance for free, insurance companies wouldn’t stay in business.

Companies that may offer quotes with most of the discounts above include:

When comparing rates, check with each company or agent which discounts you qualify for. Some discounts listed above may not be available in your area. To view providers who offer online car insurance quotes, click this link.

Can you really save $490 a year?

Consumers constantly see and hear ads that claim the lowest car insurance rates from companies such as State Farm and Allstate. All the companies advertise the message that people will save if you just switch your insurance policy to them.

How does every company make the same claim? It’s all in the numbers.

All companies require specific criteria for the type of driver that earns them the most money. A good example of a profitable risk profile might be a female over age 40, owns a home, and the vehicle is rated for pleasure use. A driver who fits those characteristics will get a cheap rate quote and will also save some money.

Potential customers who cannot meet the “perfect” profile may receive higher premium rates and this can result in the prospect going elsewhere. The ads say “people that switch” not “everyone that quotes” save that much when switching. That is how companies can advertise the way they do.

This illustrates why you really need to get as many free insurance quotes as possible. You cannot predict which insurance company will fit your personal profile best.

Everyone needs different insurance coverage coverages

When choosing adequate coverage for your vehicles, there is no perfect coverage plan. Every situation is different.

These are some specific questions could help you determine whether your personal situation may require specific advice.

  • How do I file an SR-22 for a DUI in my state?
  • Do I need added coverage for expensive stereo equipment?
  • Why am I required to buy liability insurance?
  • Does my policy cover me when driving someone else’s vehicle?
  • Am I covered if I break a side mirror?
  • Is my nanny covered when driving my vehicle?
  • How much liability do I need to cover my assets?
  • Where can I find high-risk insurance?
  • Will my insurance pay for OEM parts?

If it’s difficult to answer those questions but you think they might apply to your situation, you may need to chat with a licensed insurance agent. To find lower rates from a local agent, complete this form. It’s fast, free and you can get the answers you need.

Car insurance coverages explained

Having a good grasp of your policy aids in choosing which coverages you need and the correct deductibles and limits. Policy terminology can be impossible to understand and even agents have difficulty translating policy wording.

Med pay and Personal Injury Protection (PIP) – Coverage for medical payments and/or PIP kick in for expenses for things like surgery, chiropractic care and ambulance fees. The coverages can be utilized in addition to your health insurance policy or if you lack health insurance entirely. Coverage applies to not only the driver but also the vehicle occupants and will also cover being hit by a car walking across the street. PIP is only offered in select states and gives slightly broader coverage than med pay

Comprehensive insurance – This coverage pays for damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible and then insurance will cover the rest of the damage.

Comprehensive coverage pays for things such as damage from getting keyed, damage from a tornado or hurricane, theft, hail damage and damage from flooding. The highest amount you can receive from a comprehensive claim is the ACV or actual cash value, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.

Liability – This coverage provides protection from damage that occurs to other’s property or people that is your fault. This insurance protects YOU from claims by other people. It does not cover damage sustained by your vehicle in an accident.

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 liability limits of 50/100/50 which stand for a $50,000 limit per person for injuries, a per accident bodily injury limit of $100,000, and property damage coverage for $50,000. Some companies may use a combined limit which combines the three limits into one amount without having the split limit caps.

Liability coverage pays for things like loss of income, court costs, pain and suffering, bail bonds and attorney fees. The amount of liability coverage you purchase is a decision to put some thought into, but buy as large an amount as possible.

Uninsured/Underinsured Motorist (UM/UIM) – Uninsured or Underinsured Motorist coverage provides protection from other motorists when they do not carry enough liability coverage. It can pay for medical payments for you and your occupants as well as damage to your Chevy Silverado 1500.

Due to the fact that many drivers only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea. Normally the UM/UIM limits are set the same as your liablity limits.

Collision coverages – This coverage pays to fix your vehicle from damage resulting from a collision with a stationary object or other vehicle. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision insurance covers things like sustaining damage from a pot hole, crashing into a ditch, crashing into a building, damaging your car on a curb and rolling your car. This coverage can be expensive, so consider dropping it from vehicles that are 8 years or older. It’s also possible to increase the deductible to save money on collision insurance.

Feed the piggy bank

Consumers leave their current company for a variety of reasons including delays in paying claims, delays in responding to claim requests, high rates after DUI convictions and not issuing a premium refund. Regardless of your reason, finding a new company can be less work than you think.

You just learned some good ideas how to compare 2011 Chevy Silverado 1500 insurance premium rates online. The key concept to understand is the more quotes you get, the higher your chance of finding cheaper insurance. You may even find the lowest premium rates are with a company that doesn’t do a lot of advertising.

When trying to cut insurance costs, it’s a bad idea to buy lower coverage limits just to save a few bucks. In many instances, an insured dropped full coverage and learned later they didn’t purchase enough coverage. The goal is to purchase plenty of coverage at the best possible price, not the least amount of coverage.

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