Searching for the cheapest auto insurance rates for your Chevrolet Silverado 1500? Locating the cheapest insurance for a new or used Chevy Silverado 1500 can turn out to be a lot of work, but you can learn these tips and make it easy.
There are more efficient ways to buy auto insurance so you’re going to learn the best way to price shop coverage for a Chevy and locate the cheapest rates from both online companies and local agents.
Comparing car insurance rates can take hours if you don’t know the most efficient way. You could spend the better part of a day driving to local insurance agents in your area, or you can utilize the internet to accomplish the same thing much quicker.
Most of the best insurance companies enroll in a system where insurance shoppers complete one form, and each participating company can provide price quotes for coverage. This prevents consumers from doing quote requests for each company you want a rate for.
To submit your quote information now, click here to start a free quote.
The only downside to using this type of system is you cannot specify which carriers to get quotes from. So if you want to select specific insurance companies to receive pricing from, we have a listing of car insurance companies in your area. Click here to view list.
Whichever way you use, ensure you’re using exactly the same coverage information for every company. If each company quotes different data it’s impossible to truly determine the lowest rate.
When it comes to buying coverage for your vehicles, there isn’t really a one size fits all plan. Every insured’s situation is different.
These are some specific questions might help in determining if your insurance needs would benefit from an agent’s advice.
If you can’t answer these questions but one or more may apply to you then you might want to talk to an agent. To find lower rates from a local agent, fill out this quick form. It’s fast, free and you can get the answers you need.
Learning about specific coverages of your policy can be of help when determining the right coverages for your vehicles. The terms used in a policy can be difficult to understand and coverage can change by endorsement.
Medical expense coverage – Coverage for medical payments and/or PIP provide coverage for immediate expenses for surgery, doctor visits and dental work. They can be utilized in addition to your health insurance policy or if you do not have health coverage. Coverage applies to both the driver and occupants as well as 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 protection – This coverage covers damage from a wide range of events other than collision. You need to pay your deductible first then your comprehensive coverage will pay.
Comprehensive can pay for things such as damage from a tornado or hurricane, hitting a bird, damage from getting keyed and hail damage. The maximum amount a insurance company will pay at claim time is the market value of your vehicle, so if the vehicle is not worth much consider dropping full coverage.
Uninsured or underinsured coverage – Your UM/UIM coverage protects you and your vehicle’s occupants when other motorists do not carry enough liability coverage. Covered losses include hospital bills for your injuries as well as your vehicle’s damage.
Since many drivers only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is a good idea. Frequently the UM/UIM limits are set the same as your liablity limits.
Collision – This pays for damage to your Silverado 1500 resulting from colliding with an object or car. A deductible applies then the remaining damage will be paid by your insurance company.
Collision insurance covers things such as sideswiping another vehicle, hitting a parking meter, driving through your garage door, colliding with a tree and rolling your car. Collision coverage makes up a good portion of your premium, so you might think about dropping it from older vehicles. Drivers also have the option to choose a higher deductible to get cheaper collision coverage.
Liability coverages – This provides protection from damages or injuries you inflict on other’s property or people by causing an accident. This insurance protects YOU from claims by other people. It does not cover your own vehicle damage or injuries.
Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see liability limits of 25/50/25 that translate to a $25,000 limit per person for injuries, a per accident bodily injury limit of $50,000, and $25,000 of coverage for damaged propery. Alternatively, you may have one number which is a combined single limit that pays claims from the same limit rather than limiting it on a per person basis.
Liability coverage protects against claims such as legal defense fees, pain and suffering and loss of income. How much liability coverage do you need? That is a decision to put some thought into, but it’s cheap coverage so purchase as large an amount as possible.