2011 Chevrolet Silverado 1500 Insurance Quotes – 10 Ideas for Cheaper Rates

Trying to find cheaper insurance coverage rates for your Chevrolet Silverado 1500? Finding and buying car insurance is not really something drivers enjoy, but regardless it’s required before you can legally be on the road.

It’s smart to do rate comparisons at least once a year since insurance rates change frequently. Just because you found the lowest rates on Silverado insurance six months ago there is a good chance you can find better rates now. Block out anything you think you know about insurance coverage because I’m going to let you in on the secrets to the fastest way to get good coverage at a lower rate.

If you currently have a car insurance policy, you should be able to lower your premiums substantially using these tips. This information will instruct you on how to effectively get price quotes and some money-saving tips. Nevertheless, consumers can benefit by having an understanding of the way companies price insurance differently and take advantage of how the system works.

The most recommended method to get rate comparisons is to take advantage of the fact most insurance companies participate in a system to compare their rates. All you need to do is provide a small amount of information like an estimate of your credit level, if you lease or own, how much you drive, and whether the vehicles are used for commuting. That information is instantly sent to many highly-rated insurers and you will get price comparisons immediately.

Do you qualify for a discount?

Companies that sell car insurance don’t always list all available discounts very well, so here is a list some of the more common and also the lesser-known ways to save on insurance.

  • No Claims – Claim-free drivers pay less when compared to bad drivers.
  • Early Switch Discount – Some companies give discounts for signing up before your current policy expires. It’s a savings of about 10%.
  • Driver Safety – Taking a defensive driving course could possibly earn you a 5% discount if your company offers it.
  • Homeowners Discount – Simply owning a home can help you save on insurance because maintaining a house requires personal responsibility.
  • More Vehicles More Savings – Insuring multiple cars or trucks on the same insurance policy could earn a price break for each car.
  • New Car Discount – Putting insurance coverage on a new car is cheaper because new vehicles have to meet stringent safety requirements.
  • Bundle and Save – When you combine your home and auto insurance with the same insurance company you may earn 10% to 20% off each policy.
  • Seat Belt Usage – Drivers who require all occupants to use a seat belt could save 15% off your medical payments premium.
  • Drivers Ed for Students – Make teen driver coverage more affordable by requiring them to take driver’s ed class if offered at their school.
  • Service Members Pay Less – Being deployed with a military unit may qualify for rate reductions.

A little note about advertised discounts, most of the big mark downs will not be given to your bottom line cost. Most only apply to specific coverage prices like collision or personal injury protection. So despite the fact that it appears all the discounts add up to a free policy, you won’t be that lucky.

For a list of companies who offer insurance discounts, click here.

What coverages do I need?

When it comes to buying adequate coverage for your personal vehicles, there really is not a “perfect” insurance plan. Each situation is unique.

For example, these questions could help you determine whether or not you could use an agent’s help.

  • How does medical payments coverage work?
  • Do I need PIP coverage since I have good health insurance?
  • Does coverage extend to a rental car in a foreign country?
  • I have health insurance so do I need medical payments coverage?
  • Why do I only qualify for high-risk insurance?
  • Why am I be forced to buy a membership to get insurance from some companies?
  • Does car insurance cover theft of personal property?
  • What is covered by UM/UIM coverage?

If it’s difficult to answer those questions but you think they might apply to your situation, you may need to chat with an agent. If you want to speak to an agent in your area, simply complete this short form.

Insurance coverage considerations

Understanding the coverages of your insurance policy aids in choosing the best coverages for your vehicles. The coverage terms in a policy can be confusing and even agents have difficulty translating policy wording.

Collision insurance

Collision insurance pays to fix your vehicle from damage resulting from colliding with a stationary object or other vehicle. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision insurance covers claims such as colliding with another moving vehicle, hitting a parking meter, sideswiping another vehicle and driving through your garage door. Collision coverage makes up a good portion of your premium, so you might think about dropping it from lower value vehicles. You can also increase the deductible to get cheaper collision coverage.

Coverage for uninsured or underinsured drivers

Uninsured or Underinsured Motorist coverage provides protection when other motorists do not carry enough liability coverage. This coverage pays for hospital bills for your injuries as well as damage to your 2011 Chevy Silverado 1500.

Since many drivers carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage is important protection for you and your family.

Comprehensive insurance

This coverage pays for damage OTHER than collision with another vehicle or object. You first must pay your deductible and then insurance will cover the rest of the damage.

Comprehensive coverage pays for things like hitting a bird, a tree branch falling on your vehicle, fire damage and damage from flooding. The most your insurance company will pay is the actual cash value, so if it’s not worth much more than your deductible consider dropping full coverage.

Liability car insurance

This provides protection from damages or injuries you inflict on people or other property. It protects YOU from legal claims by others. Liability doesn’t cover damage to your own property or vehicle.

Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. As an example, you may have liability limits of 25/50/25 that translate to a limit of $25,000 per injured person, a limit of $50,000 in injury protection per accident, and a total limit of $25,000 for damage to vehicles and property.

Liability can pay for things such as repair bills for other people’s vehicles, medical services, bail bonds, legal defense fees and court costs. 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.

Coverage for medical expenses

Medical payments and Personal Injury Protection insurance provide coverage for expenses for dental work, ambulance fees, pain medications and funeral costs. They can be utilized in addition to your health insurance plan or if you are not covered by health insurance. Coverage applies to you and your occupants and also covers any family member struck as a pedestrian. PIP is not an option in every state and may carry a deductible

Be a penny pincher

Insureds leave their current company for many reasons like being labeled a high risk driver, high prices, high rates after DUI convictions or not issuing a premium refund. Regardless of your reason for switching companies, finding a great new company is not as difficult as it may seem.

You just read a lot of information how to lower your 2011 Chevy Silverado 1500 insurance rates. The key thing to remember is the more companies you get rates for, the higher the chance of saving money. Consumers could even find that the lowest premiums are with the least-expected company.

As you shop your coverage around, do not skimp on coverage in order to save money. In many instances, drivers have reduced comprehensive coverage or liability limits only to find out they didn’t have enough coverage. Your focus should be to purchase plenty of coverage at a price you can afford.

Much more information about auto insurance is located below: