Cheap 2010 Chevrolet Silverado 1500 Insurance Cost

Having to pay for overpriced auto insurance can dwindle your savings account and put the squeeze on your family’s finances. Comparison shopping is a great way to tighten up your finances.

Drivers have so many car insurance companies to purchase coverage from, and though it is a good thing to have multiple companies, too many choices makes it more difficult to find a good deal.

You need to do rate comparisons before your policy renews since rates change frequently. If you had the best deal for Silverado insurance a year ago there may be better deals available now. There is a lot of bad information regarding auto insurance on the web, but I’m going to show you some great ways to find affordable auto insurance.

Cut prices on 2010 Chevy Silverado 1500 insurance

Companies offering auto insurance don’t always list every available discount in an easy-to-find place, so we break down some of the more common and the more hidden car insurance savings.

  • Multiple Cars – Buying coverage for all your vehicles on the same car insurance policy may reduce the rate for each vehicle.
  • Good Student Discount – A discount for being a good student can get you a discount of up to 25%. The discount lasts well after school through age 25.
  • Defensive Driver – Successfully completing a defensive driving course could cut 5% off your bill if your company offers it.
  • Paperwork-free – A few companies will give a small break for buying your policy online.
  • No Charge for an Accident – A handful of insurance companies will forgive one accident before hitting you with a surcharge so long as you haven’t had any claims prior to the accident.
  • Clubs and Organizations – Being a member of certain professional organizations is a good way to get lower rates when buying car insurance for Silverado insurance.
  • Government Employees – Employees or retirees of the government can save as much as 8% for Silverado insurance depending on your company.

It’s important to note that most discounts do not apply to all coverage premiums. Most only cut individual premiums such as collision or personal injury protection. So even though it sounds like it’s possible to get free car insurance, you’re out of luck.

Car insurance companies that may have these discounts include:

Check with every prospective company what discounts are available to you. Discounts might not apply in your area.

How to Compare Insurance Costs

Most major insurance companies such as 21st Century, Allstate and State Farm quote coverage price quotes on the web. Getting online quotes is fairly straightforward as you just type in your coverage information as detailed in the form. When the form is submitted, their rating system obtains your driving record and credit report and returns pricing information based on these and other factors. Online quotes makes it a lot easier to compare rates but the work required to visit each company’s website and repetitively enter the same data into a form can be a bit repetitive. But it is imperative to perform this step in order to find a lower rate.

The better way to compare rates

An easier way to get multiple rate quotes uses one simple form to return rates from multiple companies. It saves time, reduces the work, and makes quoting online much more enjoyable and efficient. As soon as the form is sent, it is rated with multiple companies and you can pick your choice of the quote results. If you find a better price you can click and sign and buy the new coverage. This process takes less than 15 minutes and could lower your rates considerably.

To use this form to compare rates, click here to open in a new tab and input your coverage information. If you currently have coverage, we recommend you input the coverage information exactly as shown on your declarations page. This ensures you will be getting a price comparison for the exact same coverage.

Why you might be paying too much to insure your Chevy Silverado 1500

Consumers need to have an understanding of the rating factors that go into determining the rates you pay for insurance. Having a good understanding of what impacts premium levels allows you to make educated decisions that will entitle you to big savings.

  • Careful drivers pay lower rates – Your driving record has a huge affect on how much you pay. Careful drivers receive lower rates than people who have multiple driving citations. Even one moving violation can boost insurance rates forty percent or more. Drivers who get severe violations such as reckless driving, hit and run or driving under the influence may be required to file a SR-22 to the state department of motor vehicles in order to drive a vehicle legally.
  • Rates may be lower depending on your job – Did you know your job can affect your rates? Jobs such as doctors, architects and dentists are shown to have the highest average rates because of high stress levels and lengthy work days. Other occupations such as actors, historians and performers pay the least for Silverado insurance.
  • Having a spouse can save you money – Being married can actually save you money on your insurance policy. Marriage usually means you are more mature than a single person it has been statistically shown that married drivers get in fewer accidents.
  • Special features that cut premiums – Driving a car with anti-theft technology or alarm system can help bring down rates. Anti-theft devices such as LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system all hinder auto theft.

Tailor your coverage to you

When it comes to choosing coverage for your vehicles, there really is no one size fits all plan. Everyone’s needs are different and a cookie cutter policy won’t apply. These are some specific questions can aid in determining if your situation might need an agent’s assistance.

  • What is PIP insurance?
  • Can I afford low physical damage deductibles?
  • What if I total my 2010 Chevy Silverado 1500 and owe more than it’s worth?
  • Is rental equipment covered for theft or damage?
  • Will my rates increase for filing one claim?
  • What is roadside assistance coverage?
  • Is my teen driver covered when they drive my company car?
  • How do I insure my teen driver?
  • Are my friends covered when driving my car?
  • Does my medical payments coverage pay my health insurance deductible?

If it’s difficult to answer those questions, you may need to chat with a licensed insurance agent. If you want to speak to an agent in your area, take a second and complete this form or you can go here for a list of companies in your area.

Ads can be misleading

Insurance coverage providers like 21st Century, Allstate and State Farm consistently run ads on TV and radio. They all make the same claim of big savings if you change to their company. How do they all make the same claim?

Insurance companies have a certain “appetite” for the type of driver that makes them money. For example, a driver they prefer could possibly be between 25 and 40, has no prior claims, and has great credit. Any driver that hits that “sweet spot” will qualify for the lowest rates and is almost guaranteed to pay quite a bit less when switching companies.

Drivers who are not a match for the requirements will be quoted more money which leads to the customer not buying. The ads say “customers who switch” but not “drivers who get quotes” save money. That’s the way companies can truthfully make those claims. This emphasizes why it’s extremely important to get as many quotes as possible. Because you never know which company will have the lowest Chevy Silverado 1500 insurance rates.

The coverage is in the details

Learning about specific coverages of auto insurance aids in choosing appropriate coverage and proper limits and deductibles. Auto insurance terms can be difficult to understand and even agents have difficulty translating policy wording. Below you’ll find the usual coverages found on most auto insurance policies.

Comprehensive insurance – This coverage covers damage from a wide range of events other than collision. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage protects against claims such as hail damage, a tree branch falling on your vehicle and hitting a deer. The maximum payout you can receive from a comprehensive claim is the actual cash value, so if the vehicle is not worth much it’s not worth carrying full coverage.

Med pay and Personal Injury Protection (PIP) – Medical payments and Personal Injury Protection insurance provide coverage for expenses like funeral costs, hospital visits and surgery. They are used to fill the gap from your health insurance policy or if you do not have health coverage. They cover not only the driver but also the vehicle occupants and will also cover any family member struck as a pedestrian. PIP is not an option in every state but it provides additional coverages not offered by medical payments coverage

Uninsured/Underinsured Motorist (UM/UIM) – This coverage protects you and your vehicle’s occupants from other motorists when they do not carry enough liability coverage. It can pay for medical payments for you and your occupants as well as damage to your 2010 Chevy Silverado 1500.

Due to the fact that many drivers only carry the minimum required liability limits, their liability coverage can quickly be exhausted. So UM/UIM coverage should not be overlooked.

Liability insurance – This protects you from damage that occurs to a person or their property. This coverage protects you from claims by other people. It does not cover your injuries or vehicle damage.

Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have liability limits of 50/100/50 which stand for $50,000 bodily injury coverage, $100,000 for the entire accident, and a total limit of $50,000 for damage to vehicles and property.

Liability coverage pays for things like medical services, court costs, pain and suffering, bail bonds and repair bills for other people’s vehicles. How much liability should you purchase? That is your choice, but it’s cheap coverage so purchase as much as you can afford.

Collision coverages – Collision coverage will pay to fix damage to your Silverado 1500 from colliding with another vehicle or an object, but not an animal. You have to pay a deductible then your collision coverage will kick in.

Collision insurance covers things such as sideswiping another vehicle, colliding with a tree, hitting a parking meter, backing into a parked car and colliding with another moving vehicle. This coverage can be expensive, so consider dropping it from older vehicles. You can also raise the deductible to bring the cost down.

Cheaper insurance is a realistic goal

As you prepare to switch companies, don’t be tempted to buy lower coverage limits just to save a few bucks. There have been many situations where consumers will sacrifice full coverage only to regret that they should have had better coverage. The aim is to get the best coverage possible for the lowest price.

We just showed you many ways to compare 2010 Chevy Silverado 1500 insurance prices online. The key thing to remember is the more price quotes you have, the higher the chance of saving money. You may even find the lowest rates come from some of the smallest insurance companies. These companies can often insure niche markets at a lower cost compared to the large companies like Progressive and Geico.

Helpful information