Cheaper 2015 Chevrolet Silverado 1500 Insurance Quotes

Overpriced auto insurance can dry up your funds and force you to tighten up your finances.

Big companies like Geico, 21st Century and Progressive all promote huge savings with fancy advertisements and it can be hard to see past the geckos and flying pigs and do the work needed to find the best deal.

It’s smart to compare premium rates periodically because insurance prices trend upward over time. Just because you found the best rates on Silverado insurance six months ago you may be paying too much now. Forget anything you know (or think you know) about auto insurance because you’re going to get a crash course in the things you must know in order to properly buy coverages and cut your premium.

If you currently have car insurance, you will be able to save some money using these methods. Buying car insurance is easy if you know what you’re doing. But drivers must comprehend the way insurance companies sell online and apply this information to your search.

What affects Chevy Silverado 1500 insurance prices?

Smart consumers have a good feel for the factors that come into play when calculating insurance rates. If you have some idea of what determines base rates, this empowers consumers to make smart changes that may reward you with cheaper rates. Many factors are used in the calculation when quoting car insurance. Some of the criteria are obvious such as traffic violations, although some other factors are not quite as obvious such as your marital status or your financial responsibility.

  • Better drivers pay less – Careful drivers tend to pay less for car insurance than bad drivers. Even one chargable violation can bump up the cost substantially. People who have careless violations like DUI or willful reckless driving may find they need to maintain a SR-22 with their state’s licensing department in order to legally drive a vehicle.
  • Discounts for multiple policies – The majority of insurance companies will give a discount to buyers that have more than one policy such as combining an auto and homeowners policy. Even if you already get this discount, you still need to shop around to verify if the discount is saving money.There is a good possibility that you can save even more than the discount even if you insure with multiple companies
  • Prices are affected by your address – Having an address in a rural area has it’s advantages when shopping for auto insurance. People in densly populated areas tend to have more aggressive driving styles and longer commute times. Less people living in that area means less chance of accidents in addition to fewer liability claims.
  • How credit score affects insurance rates – An insured’s credit history is likely to be a major factor in calculating your insurance rates. Consumers who have high credit ratings tend to file fewer claims and have better driving records as compared to drivers with lower credit ratings. So if your credit history is low, you could potentially save money when insuring your 2015 Chevrolet Silverado 1500 by taking the time to improve your credit score.
  • Certain employers pay higher prices – Careers such as lawyers, architects and dentists tend to have higher rates than average due to intense work situations and extremely grueling work hours. Other occupations such as professors, engineers and performers pay the least on Silverado insurance.
  • Insurance policy lapses lead to higher insurance rates – Allowing your coverage to lapse is a sure-fire way to drive up your policy premiums. In addition to paying higher premiums, being ticketed for driving with no insurance could result in a fine, jail time, or a revoked license.
  • Rental and towing coverage may not be needed – There are a ton of optional add-on coverages that you can get tricked into buying on your insurance policy. Coverage for things like vanishing deductibles, death and dismemberment, and term life insurance may be costing you every month. These coverages may sound good when deciding what coverages you need, but your needs may have changed so remove them and pocket the money.
  • Drive lots and pay more – The higher the miles on your Chevy in a year the more you’ll pay to insure your vehicle. The majority of insurers calculate rates based upon how you use the vehicle. Cars that are left in the garage qualify for better rates compared to those used for work or business. An improperly rated Silverado 1500 can cost quite a bit. It’s a good idea to make sure your insurance coverage states the correct driver usage.

Discounts for affordable insurance rates

Auto insurance companies don’t always advertise every policy discount in a way that’s easy to find, so the list below contains a few of the more common as well as the least known savings tricks you should be using when you buy insurance coverage online.

  • Theft Prevention Discount – Cars, trucks, and SUVs equipped with anti-theft or alarm systems help deter theft and therefore earn up to a 10% discount.
  • Lower Rates for Military – Being on active duty in the military could qualify you for better insurance rates.
  • Good Grades Discount – Getting good grades can be rewarded with saving of up to 25%. Many companies even apply the discount to college students up to age 25.
  • Accident Forgiveness – This one isn’t a discount, but certain companies will forgive one accident before they charge you more for coverage if you are claim-free before the accident.
  • Save with a New Car – Insuring a new car can cost up to 25% less because new model year vehicles have to meet stringent safety requirements.
  • Life Insurance Discount – Select insurance carriers reward you with a break if you buy a life policy as well.
  • Club Memberships – Belonging to a qualifying organization is a good way to get lower rates on your next insurance statement.

Remember that most discount credits are not given to the overall cost of the policy. Most only cut the cost of specific coverages such as collision or personal injury protection. So even though it sounds like all the discounts add up to a free policy, insurance companies aren’t that generous. Any qualifying discounts should definitely cut your overall bill.

A few of the larger companies and some of the premium reductions they offer can be found below.

  • AAA may include discounts for multi-car, multi-policy, education and occupation, pay-in-full, good student, AAA membership discount, and anti-theft.
  • Progressive has discounts for multi-policy, multi-vehicle, good student, online quote discount, continuous coverage, and online signing.
  • State Farm offers discounts for Drive Safe & Save, driver’s education, safe vehicle, accident-free, and good student.
  • Esurance discounts include Switch & Save, multi-policy, good driver, Pac-12 alumni, safety device, and anti-lock brakes.
  • Nationwide offers premium reductions for multi-policy, Farm Bureau membership, family plan, accident-free, defensive driving, business or organization, and good student.

Before purchasing a policy, check with each company or agent to give you their best rates. Some of the discounts discussed earlier may not be offered in your area. To find providers with the best discounts, follow this link.

Tailor your auto insurance coverage to you

When it comes to buying adequate coverage for your personal vehicles, there really is not a perfect coverage plan. Everyone’s situation is a little different so your insurance needs to address that. For example, these questions might point out if you may require specific advice.

  • Can I get a multi-policy discount?
  • Am I getting all the discounts available?
  • Can I get a multi-policy discount for packaging my home and auto coverage?
  • What is PIP insurance?
  • Am I covered if I drive in a foreign country?
  • Does my car insurance cover rental cars?

If you’re not sure about those questions, you might consider talking to an insurance agent. If you don’t have a local agent, fill out this quick form or go to this page to view a list of companies.

Insurance policy specifics

Knowing the specifics of your policy can be of help when determining appropriate coverage and the correct deductibles and limits. Policy terminology can be ambiguous and coverage can change by endorsement. Below you’ll find typical coverage types found on most insurance policies.

Auto collision coverage

Collision coverage pays for damage to your Silverado 1500 caused by collision with an object or car. You first must pay a deductible and then insurance will cover the remainder.

Collision insurance covers things such as crashing into a building, damaging your car on a curb, sideswiping another vehicle, colliding with another moving vehicle and hitting a mailbox. Collision is rather expensive coverage, so consider removing coverage from vehicles that are older. Drivers also have the option to bump up the deductible to bring the cost down.

UM/UIM (Uninsured/Underinsured Motorist) coverage

This coverage provides protection when the “other guys” do not carry enough liability coverage. Covered claims include medical payments for you and your occupants and damage to your Chevy Silverado 1500.

Due to the fact that many drivers only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage should not be overlooked. Most of the time these limits do not exceed the liability coverage limits.

Medical payments and PIP coverage

Personal Injury Protection (PIP) and medical payments coverage provide coverage for short-term medical expenses for things like surgery, ambulance fees, pain medications and nursing services. They are utilized in addition to your health insurance program or if you are not covered by health insurance. Coverage applies to not only the driver but also the vehicle occupants and will also cover getting struck while a pedestrian. PIP coverage is not available in all states and gives slightly broader coverage than med pay

Liability auto insurance

This coverage will cover injuries or damage you cause to other’s property or people. It protects you from legal claims by others, and doesn’t cover your own vehicle damage or injuries.

Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. You might see limits of 100/300/100 which means $100,000 bodily injury coverage, $300,000 for the entire accident, and $100,000 of coverage for damaged propery. Another option is a combined limit that pays claims from the same limit and claims can be made without the split limit restrictions.

Liability coverage protects against things such as attorney fees, loss of income, court costs, bail bonds and medical expenses. How much liability should you purchase? That is up to you, but buy as high a limit as you can afford.

Comprehensive auto coverage

Comprehensive insurance pays for 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 insurance covers things such as theft, damage from getting keyed, a broken windshield and a tree branch falling on your vehicle. The highest amount you’ll receive from a claim is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.

Saving money makes a lot of cents

As you go through the steps to switch your coverage, it’s not a good idea to reduce needed coverages to save money. There are a lot of situations where someone dropped physical damage coverage and learned later that a couple dollars of savings turned into a financial nightmare. Your objective should be to get the best coverage possible at the best cost, but don’t skip important coverages to save money.

Some insurance providers don’t offer price quotes online and usually these smaller providers prefer to sell through independent insurance agencies. Discount 2015 Chevy Silverado 1500 insurance is possible from both online companies and from local agencies, so you should compare both to have the best selection.

In this article, we covered some good ideas how you can save on 2015 Chevy Silverado 1500 insurance. The most important thing to understand is the more companies you get car insurance rates for, the higher your chance of finding affordable insurance coverage. Drivers may discover the lowest priced insurance comes from the smaller companies. Some small companies may only write in your state and offer lower car insurance rates than the large multi-state companies such as Progressive and Geico.

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