Compare 2012 Chevrolet Silverado 1500 Car Insurance Cost

No one looks forward to buying insurance coverage, especially when they know they could find better rates elsewhere.

Online insurance companies like State Farm, Allstate, Geico and Progressive constantly blast consumers with TV and radio ads and consumers find it hard to ignore the flying pigs and cute green geckos and find the best price available.

You should make it a habit to check insurance coverage prices periodically because prices are variable and change quite frequently. Even if you think you had the best deal for Silverado coverage six months ago a different company probably has better rates today. You can find a lot of wrong information about insurance coverage online, but you can learn some of the best techniques to find cheap insurance coverage.

If you currently have car insurance, you will most likely be able to reduce your rates substantially using these techniques. Buying car insurance is easy if you know what you’re doing. Nevertheless, car owners need to have an understanding of how big insurance companies sell insurance online and take advantage of how the system works.

Do you qualify for discounts?

Auto insurance is expensive, but you might be missing out on some discounts that you may not even know about. Some discounts apply automatically when you complete an application, but less common discounts must be requested specifically prior to getting the savings. If you do not double check each discount available, you’re paying more than you need to.

  • Discounts for Government Workers – Active or retired federal employment could cut as much as 10% off for Silverado coverage depending on your auto insurance provider.
  • Payment Discounts – By making one initial payment instead of monthly or quarterly installments you may have a lower total premium amount.
  • Theft Prevention System – Cars that have factory anti-theft systems are stolen with less frequency and therefore earn up to a 10% discount.
  • Safe Driver Discounts – Insureds without accidents could pay up to 40% less for Silverado coverage than drivers with accidents.
  • Driver’s Education for Students – It’s a good idea to have your young drivers enroll and complete driver’s education as it will make them better drivers and lower rates.
  • Defensive Driver Discount – Taking a course that instructs on driving safety could cut 5% off your bill and also improve your driving technique.
  • Discount for Low Mileage – Driving fewer miles could qualify for slightly better rates than normal.

One last thing about discounts, most of the big mark downs will not be given to your bottom line cost. Most only apply to specific coverage prices like comprehensive or collision. So even though you would think all those discounts means the company will pay you, you won’t be that lucky.

To locate auto insurance companies that offer many of these discounts, click here.

Car insurance quotes comparison

The are a couple different ways to compare prices from companies that offer car insurance in your state. The easiest way by far to find cheaper 2012 Chevy Silverado 1500 rates is to use the internet to compare rates. This can be done by using one of the methods below.

  1. The fastest and easiest way consumers can make multiple comparisons is a comparison rater form like this one (opens in new window). This quick form prevents you from having to do a different quote for every prospective company. One quote request gets rate comparisons from multiple companies.
  2. A more time consuming way to compare rate quotes is to take the time to go to each company website to complete a price quote. For example, we’ll pretend you want rates from Auto-Owners, Farmers and Geico. In order to compare rates, you need to spend time going to each site individually and punch in your information repeatedly, which is not fast way to get rate quotes.

    For a list of links to insurance companies in your area, click here.

  3. Even if you have time, the least recommended method to find and compare rates is physically going to insurance agents’ offices. Comparing rate quotes online makes this unnecessary unless you’re the type of person who wants the advice and guidance that only a licensed agent can provide. Although you can comparison shop your insurance online and still use a local agent.

You can use whichever method you prefer to find lower rates, just make sure you are using exactly the same coverages for each comparison quote. If you are comparing different liability limits it will be impossible to determine which rate is truly the best. Quoting even small variations in insurance coverages or limits could skew the results. Just keep in mind that comparing more rates from different companies helps increase your odds of locating lower pricing.

Don’t assume everyone needs the same auto insurance coverage

When choosing proper insurance coverage for your vehicles, there is no single plan that fits everyone. Coverage needs to be tailored to your specific needs so your insurance needs to address that. These are some specific questions might help in determining if you may require specific advice.

  • Am I covered if I wreck a rental car?
  • Do I need medical payments coverage since I have good health insurance?
  • Do I need higher collision deductibles?
  • I have good health insurance, so how much medical payments coverage do I need?
  • Is borrowed equipment or tools covered if stolen or damaged?
  • When should my teen driver be added to my policy?
  • Does my insurance cover a custom paint job?
  • What is an SR-22 filing?

If you don’t know the answers to these questions, you may need to chat with a licensed agent. To find lower rates from a local agent, complete this form or you can also visit this page to select a carrier

Specific coverage details

Having a good grasp of car insurance can help you determine which coverages you need and proper limits and deductibles. Policy terminology can be impossible to understand and nobody wants to actually read their policy. Shown next are the normal coverages offered by car insurance companies.

Comprehensive insurance – Comprehensive insurance covers damage from a wide range of events other than collision. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for claims like vandalism, fire damage, rock chips in glass and theft. The most you’ll receive from a claim is the actual cash value, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

Uninsured/Underinsured Motorist (UM/UIM) – This coverage protects you and your vehicle from other drivers when they do not carry enough liability coverage. Covered claims include hospital bills for your injuries as well as your vehicle’s damage.

Since a lot of drivers only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. So UM/UIM coverage is important protection for you and your family.

Med pay and Personal Injury Protection (PIP) – Personal Injury Protection (PIP) and medical payments coverage kick in for bills for things like ambulance fees, chiropractic care and surgery. They are used to fill the gap from your health insurance policy or if you lack health insurance entirely. Medical payments and PIP cover you and your occupants as well as if you are hit as a while walking down the street. Personal injury protection coverage is not available in all states but it provides additional coverages not offered by medical payments coverage

Liability coverages – This can cover damage or injury you incur to other people or property. This insurance protects YOU against other people’s claims, and does not provide coverage for damage sustained by your vehicle in an accident.

Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show policy limits of 50/100/50 which stand for a limit of $50,000 per injured person, $100,000 for the entire accident, and a limit of $50,000 paid for damaged property.

Liability insurance covers things like court costs, funeral expenses and medical expenses. How much liability should you purchase? That is your choice, but you should buy as much as you can afford.

Collision coverages – Collision insurance will pay to fix damage to your Silverado 1500 caused by collision with another vehicle or an object, but not an animal. You first must pay a deductible then your collision coverage will kick in.

Collision insurance covers claims like scraping a guard rail, sustaining damage from a pot hole, sideswiping another vehicle and backing into a parked car. Collision is rather expensive coverage, so consider removing coverage from older vehicles. You can also bump up the deductible to get cheaper collision coverage.

One last thing

When getting insurance coverage quotes online, it’s a bad idea to buy less coverage just to save a little money. There are too many instances where an accident victim reduced physical damage coverage only to regret that the few dollars in savings costed them thousands. The goal is to buy the best coverage you can find at the best cost, but don’t skip important coverages to save money.

Throughout this article, we presented quite a bit of information on how to compare 2012 Chevy Silverado 1500 insurance prices online. The key concept to understand is the more quotes you get, the better chance you’ll have of finding cheap insurance coverage. Drivers may discover the lowest prices are with the smaller companies. These smaller insurers may cover specific market segments cheaper than the large multi-state companies such as Allstate and Progressive.

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