Save on 2017 Chevrolet Silverado 1500 Insurance Rates

Trying to find cheaper car insurance rates for your Chevrolet Silverado 1500? Comparing auto insurance quotes online could seem overwhelming if you are someone who has never done online quotes. But keep reading because finding lower rates is easier than you think.

What impacts Chevy Silverado 1500 insurance rates?

Part of the car insurance buying process is learning some of the elements that come into play when calculating your premiums. If you know what positively or negatively impacts your premiums, this empowers consumers to make smart changes that may reward you with lower car insurance prices.

  • Do you have enough liability? – Your car insurance policy’s liability coverage kicks in if ever you are responsible for damages from an accident. Liability insurance provides legal defense coverage which can cost a lot. Liability is cheap when compared to the cost of physical damage coverage, so drivers should make sure they buy enough to cover all assets.
  • Know your vehicle’s safety rating – Safer cars tend to be cheaper to insure. Safe vehicles help reduce the chance of injuries in an accident and lower rates of occupant injuries translates directly to fewer claims and cheaper rates on your policy.
  • Good credit scores equal low costs – Credit score factor in calculating your premium rate. Insureds with very good credit scores tend to be better drivers and file fewer claims than those with poor credit. If your credit history is lower than you’d like, you could save money insuring your 2017 Chevrolet Silverado 1500 by taking the time to improve your credit score.
  • Males pay higher prices – Over time, data shows women tend to be less risk to insure than men. However, this does not mean women are BETTER drivers than men. Both sexes get in auto accidents at a similar rate, but the male of the species cause more damage and cost insurance companies more money. Not only that, but men also have more aggressive citations like driving under the influence (DUI). Teenage male drivers generally have the highest accident percentage and therefore have the most expensive car insurance rates.
  • Drive lots and pay more – The more you drive your Chevy in a year’s time the higher the price you pay to insure it. Most insurance companies price each vehicle’s coverage based upon how the vehicle is primarily used. Cars that do not get driven very much cost less to insure than those that get driven frequently. Make sure your policy correctly shows the right rating data, because improper ratings can cost you money. An improperly rated Silverado 1500 can cost quite a bit.
  • Big cities have higher prices – Residing in small towns and rural areas is a positive aspect when shopping for auto insurance. Less people translates into fewer accidents and also fewer theft and vandalism claims. City drivers have to deal with more traffic problems and more time behind the wheel. More time commuting translates into higher accident risk.

Car insurance policy discounts

Not too many consumers would say car insurance is affordable, but there could be significant discounts that many consumers don’t even know exist. Certain credits will be shown when you quote, but a few must be specifically requested prior to receiving the credit.

  • Anti-theft System – Cars, trucks, and SUVs optioned with advanced anti-theft systems are stolen less frequently and will save you 10% or more.
  • ABS and Traction Control Discounts – Cars, trucks, and SUVs with ABS and/or traction control are much safer to drive so companies give up to a 10% discount.
  • Own a Home and Save – Owning your own home or condo can help you save on car insurance due to the fact that maintaining a home requires a higher level of personal finance.
  • Save over 55 – If you’re over the age of 55, you may receive a small discount on rates for Silverado coverage.
  • Good Drivers – Insureds without accidents can pay as much as 50% less for Silverado coverage than their less cautious counterparts.
  • More Vehicles More Savings – Having multiple vehicles on one policy could earn a price break for each car.
  • Multi-line Discount – Select car insurance companies reward you with a lower car insurance rate if you buy a life policy as well.
  • Telematics Devices – Drivers that enable their company to spy on vehicle usage by using a telematics device such as Snapshot from Progressive or Drivewise from Allstate could see a rate decrease if they are good drivers.
  • Use Seat Belts – Buckling up and requiring all passengers to use their safety belts can save 10% or more off the medical payments premium.
  • Good Student – This discount may save as much as 25% on a auto insurance quote. The discount lasts up until you turn 25.

As is typical with insurance, some credits don’t apply to the overall cost of the policy. Some only reduce the cost of specific coverages such as comp or med pay. So even though it sounds like you would end up receiving a 100% discount, nobody gets a free ride.

If you would like to see a list of car insurance companies offering car insurance discounts, click this link.

How do I know if I need professional advice?

When buying the right insurance coverage for your personal vehicles, there really is not a best way to insure your cars. Coverage needs to be tailored to your specific needs.

For example, these questions could help you determine if you will benefit from professional help.

  • Do I have coverage when pulling a U-Haul trailer?
  • Why do I only qualify for high-risk insurance?
  • Does my insurance cover a custom paint job?
  • Is other people’s property covered if stolen from my vehicle?
  • Does my insurance cover damage caused when ticketed for reckless driving?
  • Should I buy additional glass protection?

If you can’t answer these questions, you might consider talking to an insurance agent. If you want to speak to an agent in your area, fill out this quick form.

Auto insurance specifics

Understanding the coverages of a auto insurance policy can be of help when determining the best coverages for your vehicles. The terms used in a policy can be ambiguous and nobody wants to actually read their policy.

Medical payments coverage and PIP – Med pay and PIP coverage pay for expenses like prosthetic devices, X-ray expenses, doctor visits, ambulance fees and dental work. They can be used to fill the gap from your health insurance plan or if you do not have health coverage. Coverage applies to all vehicle occupants in addition to getting struck while a pedestrian. Personal Injury Protection is not available in all states and gives slightly broader coverage than med pay

Comprehensive coverage – This coverage covers damage OTHER than collision with another vehicle or object. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage protects against claims such as damage from a tornado or hurricane, a tree branch falling on your vehicle, a broken windshield and hail damage. The most your auto insurance company will pay is the ACV or actual cash value, so if the vehicle’s value is low consider removing comprehensive coverage.

Collision – This coverage pays to fix your vehicle from damage caused by collision with another car or object. You first must pay a deductible and the rest of the damage will be paid by collision coverage.

Collision can pay for things such as sideswiping another vehicle, scraping a guard rail, colliding with another moving vehicle and sustaining damage from a pot hole. Collision is rather expensive coverage, so consider dropping it from vehicles that are 8 years or older. It’s also possible to bump up the deductible in order to get cheaper collision rates.

Uninsured/Underinsured Motorist coverage – Uninsured or Underinsured Motorist coverage protects you and your vehicle when other motorists either have no liability insurance or not enough. Covered claims include injuries sustained by your vehicle’s occupants as well as damage to your Chevy Silverado 1500.

Since many drivers only purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is important protection for you and your family.

Liability auto insurance – This protects you from damage that occurs to people or other property by causing an accident. This coverage protects you against claims from other people. It does not cover damage to your own property or vehicle.

Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see values of 50/100/50 which means a $50,000 limit per person for injuries, a per accident bodily injury limit of $100,000, and property damage coverage for $50,000.

Liability insurance covers claims like loss of income, attorney fees, pain and suffering and bail bonds. The amount of liability coverage you purchase is a personal decision, but you should buy as much as you can afford.

A penny saved is a penny earned

There are still a few companies who may not offer the ability to get a quote online and most of the time these smaller providers only sell through independent agencies. Discount 2017 Chevy Silverado 1500 insurance is available online as well as from independent agents, and you should compare price quotes from both to have the best chance of lowering rates.

Throughout this article, we presented some good ideas how you can get a better price on 2017 Chevy Silverado 1500 insurance. It’s most important to understand that the more price quotes you have, the better your chances of lowering your prices. You may be surprised to find that the lowest premium rates are with some of the lesser-known companies.

When searching for affordable auto insurance quotes, do not buy poor coverage just to save money. There are many occasions where an insured dropped full coverage and found out when filing a claim they didn’t have enough coverage. Your strategy should be to buy enough coverage at the lowest possible cost, but do not skimp to save money.

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