Cheap 2012 Chevrolet Silverado 1500 Car Insurance Rates

Looking for the cheapest car insurance rates for your Chevrolet Silverado 1500? Finding lower rates for car insurance can seem to be nearly impossible for consumers new to shopping for insurance online. Consumers have so many choices that it can quickly become a lot of work to find lower rates.

Comprehensive Car Insurance Comparison

There are several ways of comparing price quotes from car insurance companies in your area. The simplest method to compare 2012 Chevy Silverado 1500 insurance prices is to use the internet to compare rates. This can be done in just a few minutes using one of these methods.

  • The first (and easiest) way consumers can make multiple comparisons is a comparison rater form click here to open form in new window. This form eliminates the need for separate quotes to each individual car insurance company. A single form will get you rate comparisons from several companies. This is perfect if you don’t have a lot of time.
  • A less efficient way to compare rate quotes requires visiting each company’s website to complete their respective quote request forms. For sake of this example, let’s assume you want comparison quotes from Allstate, Farmers and Liberty Mutual. To find out each rate you need to spend time on each company’s site to enter your coverage information, and that’s why the first method is more popular.

    For a list of links to companies insuring cars in your area, click here.

It’s your choice how you get your quotes, but make sure you use exactly the same coverage limits with every price quote. If you have different liability limits it will be impossible to truly determine the lowest rate. Quoting even small variations in limits may result in a large different in cost. And when price shopping your coverage, comparing more company’s prices will increase your chances of finding a better price.

Discounts are basically free money

Car insurance companies don’t necessarily list all available discounts very well, so we researched both the well known and the more hidden ways to save on insurance.

  • Defensive Driver – Successfully completing a course teaching defensive driving skills could possibly earn you a 5% discount if your company offers it.
  • Safe Drivers – Drivers who don’t get into accidents may save up to 50% more for Silverado coverage than drivers with accidents.
  • More Vehicles More Savings – Insuring multiple cars or trucks with the same company may reduce the rate for each vehicle.
  • No Claims – Drivers with accident-free driving histories pay less as compared to drivers who are more careless.
  • Senior Citizens – If you qualify as a senior citizen, you may qualify for reduced rates for Silverado coverage.
  • Passive Restraints and Air Bags – Vehicles equipped with air bags or motorized seat belts can qualify for discounts of more than 20%.
  • Homeowners Pay Less – Simply owning a home may trigger a insurance policy discount due to the fact that maintaining a home shows financial diligence.
  • Save with a New Car – Insuring a new car can be considerably cheaper since new cars are generally safer.
  • Seat Belts Save more than Lives – Buckling up and requiring all passengers to use their safety belts can save 10% or more off your medical payments premium.

It’s important to understand that most discounts do not apply the the whole policy. Most cut individual premiums such as physical damage coverage or medical payments. So even though it sounds like you would end up receiving a 100% discount, you won’t be that lucky.

Car insurance companies who might offer some of the above discounts are:

Before buying, ask each company how you can save money. Some discounts might not apply in every state.

Some factors that can determine what Chevy Silverado 1500 insurance costs

Consumers need to have an understanding of the different types of things that play a part in calculating your car insurance rates. Having a good understanding of what influences your rates helps enable you to make changes that can help you get lower car insurance prices.

  • Males pay more for insurance – Statistics have proven women are more cautious behind the wheel. That doesn’t necessarily mean that men are WORSE drivers than women. Both sexes cause accidents in similar percentages, but the males cause more damage. They also have more aggressive citations such as DWI and reckless driving. Male drivers age 16 to 19 are the most expensive to insure and thus pay the highest rates.
  • Clean credit earns discounts – A driver’s credit rating is a huge factor in determining what you pay for car insurance. Drivers with excellent credit tend to file fewer claims and have better driving records than those with lower credit ratings. So if your credit history can use some improvement, you could pay less to insure your 2012 Chevrolet Silverado 1500 by improving your credit score.
  • Do you need those extra coverages? – There are a ton of add-on coverages that you can buy when buying car insurance. Insurance for roadside assistance, towing coverage and motor club memberships may be wasting your money. These coverages may sound good when talking to your agent, but if you don’t need them eliminate the coverages to reduce your premium.
  • Where you reside plays a part – Choosing to live in a rural area can save you money when insuring your vehicles. Drivers who live in large cities have traffic congestion and much longer commute distances. Less people living in that area translates into fewer accidents and a lower car theft rate.

Which insurance is the “right” coverage?

When it comes to buying adequate coverage for your personal vehicles, there really is no one size fits all plan. Every situation is different.

For example, these questions might point out whether or not you might need professional guidance.

  • When does my teenage driver need to be added to my policy?
  • Does car insurance cover theft of personal property?
  • Is my dog or cat covered if injured in an accident?
  • Should I put collision coverage on all my vehicles?
  • Is upholstery damage covered by car insurance?
  • If my 2012 Chevy Silverado 1500 is totaled, can I afford another vehicle?
  • Do I really need UM/UIM coverage?
  • Do I need replacement cost coverage?

If you can’t answer these questions but you know they apply to you, you might consider talking to a licensed agent. To find lower rates from a local agent, fill out this quick form.

Insurance coverages and their meanings

Understanding the coverages of insurance can be of help when determining the best coverages and proper limits and deductibles. Insurance terms can be confusing and even agents have difficulty translating policy wording.

Medical payments coverage and PIP

Personal Injury Protection (PIP) and medical payments coverage kick in for expenses for things like EMT expenses, ambulance fees, dental work, hospital visits and prosthetic devices. They can be used in conjunction with a health insurance policy or if there is no health insurance coverage. Medical payments and PIP cover not only the driver but also the vehicle occupants and also covers being hit by a car walking across the street. PIP coverage is not an option in every state and may carry a deductible

Comprehensive coverage

Comprehensive insurance will pay to fix damage from a wide range of events other than collision. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive coverage protects against things like rock chips in glass, hail damage, hitting a bird and vandalism. The maximum amount you’ll receive from a claim is the market value of your vehicle, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

Liability coverage

This can cover damage that occurs to people or other property in an accident. It protects YOU against claims from other people. It does not cover damage sustained by your vehicle in an accident.

It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. You might see liability limits of 25/50/25 that translate to $25,000 bodily injury coverage, a per accident bodily injury limit of $50,000, and a total limit of $25,000 for damage to vehicles and property.

Liability coverage pays for things like medical services, emergency aid, repair costs for stationary objects and funeral expenses. How much liability coverage do you need? That is up to you, but buy as much as you can afford.

Auto collision coverage

This coverage covers damage to your Silverado 1500 resulting from colliding with an object or car. You will need to pay your deductible then your collision coverage will kick in.

Collision coverage protects against things like crashing into a building, sideswiping another vehicle and damaging your car on a curb. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from older vehicles. Drivers also have the option to bump up the deductible in order to get cheaper collision rates.

Uninsured/Underinsured Motorist coverage

This gives you protection from other motorists when they do not carry enough liability coverage. Covered claims include injuries to you and your family as well as damage to your Chevy Silverado 1500.

Since many drivers only purchase the least amount of liability that is required, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family.

Money doesn’t grow on trees

When trying to cut insurance costs, make sure you don’t reduce coverage to reduce premium. There have been many situations where an insured cut uninsured motorist or liability limits only to regret that the few dollars in savings costed them thousands. The aim is to buy enough coverage at the best price while still protecting your assets.

Cheap 2012 Chevy Silverado 1500 insurance is definitely available both online and with local insurance agents, so you should be comparing quotes from both in order to have the best chance of saving money. Some companies do not offer you the ability to get quotes online and many times these small insurance companies only sell through independent insurance agents.

Insureds leave their current company for a number of reasons such as denial of a claim, being labeled a high risk driver, high prices and even an unsatisfactory settlement offer. Whatever your reason, finding a great new company can be less work than you think.

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