2018 Chevrolet Silverado 1500 Car Insurance Quotes – 10 Savings Tips

Want the cheapest auto insurance rates for your Chevrolet Silverado 1500? Paying cheaper prices for auto insurance might be kind of frustrating for drivers who have little experience quoting and comparing rates online. With so many agents and companies, it can quickly become more work than you anticipated to compare rates.

The best way we recommend to get policy rate comparisons is to realize most of the bigger providers pay for the opportunity to compare rate quotes. To start a quote, the only thing you need to do is provide information like if the car is leased, your education level, daily mileage, and whether or not you need a SR-22. That information gets sent immediately to insurance companies and you will get price comparisons within a short period of time.

Use discounts to get cheaper auto insurance rates

Auto insurance is not inexpensive, but there could be significant discounts that can drop the cost substantially. Some trigger automatically at the time you complete a quote, but less common discounts must be specifically requested before you get the savings.

  • Government Employee Discount – Employees or retirees of the government could cut as much as 10% off on Silverado coverage depending on your auto insurance provider.
  • ABS Braking Discount – Anti-lock brake equipped vehicles prevent accidents and qualify for as much as a 10% discount.
  • Student Discounts – Performing well in school can be rewarded with saving of up to 25%. The good student discount can last well after school through age 25.
  • Early Payment Discounts – By paying your entire bill at once rather than spreading payments over time you may have a lower total premium amount.
  • Discount for Life Insurance – If the company offers life insurance, you could get a break if you buy auto and life insurance together.
  • Multi-policy Discount – If you combine your home and auto policies and insure them both with the same insurance company you could earn a discount of over 10 percent off each policy depending on the company.
  • Theft Deterent Discount – Anti-theft and alarm system equipped vehicles are less likely to be stolen and will qualify for a discount on a car insurance quote.
  • Accident Forgiveness – but companies like State Farm and Allstate allow you one accident before your rates go up as long as you don’t have any claims for a specific time period.
  • Claim-Free Discount – Drivers who don’t have accidents pay much less in comparison to frequent claim filers.
  • Multi-Vehicle Discounts – Buying a policy with multiple vehicles on one policy could earn a price break for each car.

As a sidenote, some of the credits will not apply to the entire cost. Most cut the cost of specific coverages such as comprehensive or collision. Even though it may seem like all those discounts means the company will pay you, nobody gets a free ride.

Auto insurance companies that have most of these discounts include:

Double check with all the companies how you can save money. Some credits may not apply in your area. To see insurers with discount auto insurance rates, click here to view.

Tailor your car insurance coverage to you

When it comes to buying the best car insurance coverage, there really is no “best” method to buy coverage. Your needs are not the same as everyone else’s.

For instance, these questions can help discover whether you might need professional guidance.

  • Should I rate my 2018 Chevy Silverado 1500 as pleasure use or commute?
  • When would I need additional glass coverage?
  • Am I covered if I hit my neighbor’s mailbox?
  • Will my vehicle be repaired with OEM or aftermarket parts?
  • Does coverage extend to a rental car in a foreign country?
  • Do I have newly-aquired coverage?
  • What is the rate difference between pleasure use and commuting?
  • What is the difference between comprehensive and collision coverage?

If it’s difficult to answer those questions but you know they apply to you, you may need to chat with an agent. If you want to speak to an agent in your area, fill out this quick form.

Coverages available on your insurance policy

Having a good grasp of your policy can be of help when determining the best coverages for your vehicles. The coverage terms in a policy can be confusing and even agents have difficulty translating policy wording.

Coverage for uninsured or underinsured drivers

This coverage gives you protection when other motorists either are underinsured or have no liability coverage at all. It can pay for medical payments for you and your occupants and also any damage incurred to your Chevy Silverado 1500.

Due to the fact that 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 important protection for you and your family. Frequently the UM/UIM limits are similar to your liability insurance amounts.

Collision protection

Collision coverage pays to fix your vehicle from damage resulting from colliding with a stationary object or other vehicle. You will need to pay your deductible then the remaining damage will be paid by your insurance company.

Collision can pay for claims such as hitting a parking meter, driving through your garage door and colliding with another moving vehicle. This coverage can be expensive, so you might think about dropping it from older vehicles. You can also choose a higher deductible in order to get cheaper collision rates.

Liability coverages

Liability coverage provides protection from damage that occurs to a person or their property by causing an accident. This insurance protects YOU against claims from other people. It does not cover your own vehicle damage or injuries.

Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. You might see limits of 50/100/50 that translate to $50,000 in coverage for each person’s injuries, $100,000 for the entire accident, and $50,000 of coverage for damaged propery. Some companies may use a combined single limit or CSL which combines the three limits into one amount with no separate limits for injury or property damage.

Liability insurance covers claims such as repair costs for stationary objects, medical expenses, attorney fees and funeral expenses. How much liability should you purchase? That is a personal decision, but you should buy as large an amount as possible.

Coverage for medical expenses

Personal Injury Protection (PIP) and medical payments coverage provide coverage for short-term medical expenses like doctor visits, prosthetic devices, chiropractic care and ambulance fees. They are used to fill the gap from your health insurance policy or if you do not have health coverage. They cover all vehicle occupants and will also cover getting struck while a pedestrian. PIP is not an option in every state but can be used in place of medical payments coverage

Comprehensive insurance

This covers damage OTHER than collision with another vehicle or object. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive coverage protects against things like fire damage, falling objects, a tree branch falling on your vehicle, hitting a deer and damage from flooding. The maximum amount a insurance company will pay at claim time is the ACV or actual cash value, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.