Save on 2014 Chevrolet Silverado 1500 Insurance Quotes

Finding better rates for insurance can seem to be challenging for people who are new to comparing rates online. There are so many options that it can quickly become a real challenge to find the best price.

If you have car insurance now, you should be able to reduce your rates substantially using this strategy. Pricing affordable car insurance is quite easy. But vehicle owners do need to learn the way companies sell online and apply this information to your search.

Factors that can influence Chevy Silverado 1500 insurance rates

Smart consumers have a good feel for the different types of things that come into play when calculating your car insurance rates. When you know what positively or negatively determines base rates enables informed choices that can help you get much lower annual insurance costs.

  • Higher deductibles cost less – The deductibles represent how much money you are willing to pay in the event of a claim. Insurance for physical damage to your car, also known as collision and other-than-collision, is used to repair damage to your car. Examples of covered claims could be colliding with a building, collision with an animal, and burglary. The more expense you’re willing to pay, the lower your rates will be on Silverado insurance.
  • Older drivers save more – Youthful drivers tend to get distracted easily when behind the wheel so they pay higher car insurance rates. Older insureds are more responsible, tend to file fewer claims and tend to be better behind the wheel.
  • Do you qualify for a multi-policy discount? – Some insurers will award you with lower prices to insureds who buy several policies from them in the form of a multi-policy discount. If you currently are using one company, you may still want to compare other company rates to verify if the discount is saving money. Drivers may still find better rates by buying car insurance from a different company.
  • Higher safety ratings means cheaper insurance – Vehicles with high crash test scores get lower rates. These vehicles result in less severe injuries and better occupant protection translates into savings for insurance companies and thus lower rates. If your Chevy has ratings of a minimum an “acceptable” rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website it may be receiving lower rates.
  • Where you live can impact rates – Choosing to live in less populated areas can save you money when buying car insurance. Lower population means reduced accidents and also fewer theft and vandalism claims. Drivers in populated areas tend to have traffic congestion and a longer drive to work. Longer commute distances means higher likelihood of an accident.
  • Clean credit earns discounts – Having a bad credit score is a huge factor in calculating your car insurance rates. People with good credit tend to be more responsible than drivers with lower credit scores. If your credit rating is low, you could potentially save money when insuring your 2014 Chevrolet Silverado 1500 by improving your credit score.
  • Protect yourself with liability coverage – Liability coverage will protect you if you are found liable for damages from an accident. Liability provides legal defense coverage starting from day one. Carrying liability coverage is mandatory and cheap when compared with rates for comp and collision, so do not cut corners here.

Discounts are great for lower rates

Insuring your fleet can be pricey, but discounts can save money and there are some available to help bring down the price. Larger premium reductions will be automatically applied at the time of quoting, but a few need to be asked for before you will receive the discount.

  • Use Seat Belts – Buckling up and requiring all passengers to use a seat belt can save up to 15% off your medical payments premium.
  • Anti-lock Brakes – Cars that have steering control and anti-lock brakes are safer to drive and will save you 10% or more.
  • Theft Prevention System – Vehicles with anti-theft systems can help prevent theft and earn discounts up to 10%.
  • Homeowners Pay Less – Being a homeowner may earn you a small savings because of the fact that having a home is proof that your finances are in order.
  • No Claims – Good drivers with no accidents can earn big discounts when compared with frequent claim filers.
  • Memberships – Participating in certain professional organizations could qualify you for a break on insurance on Silverado insurance.

It’s important to note that some of the credits will not apply to all coverage premiums. Most only apply to specific coverage prices like liability, collision or medical payments. Just because it seems like adding up those discounts means a free policy, companies don’t profit that way. But any discount will help reduce your premiums.

Insurance companies that may offer these discounts may include but are not limited to:

Before buying, ask all companies you are considering how you can save money. Some discounts may not apply in every state.

Is there truth in advertising?

Car insurance companies such as State Farm, Allstate and Geico constantly bombard you with ads in print and on television. They all seem to have a common claim that you’ll save big if you switch your policy. But how can every company make the same claim?

Insurance companies have a preferred profile for the right customer that makes them money. An example of a desirable insured might be over the age of 50, has no tickets, and has excellent credit. A propective insured who fits that profile will get the preferred rates and therefore will save quite a bit of money when switching.

Potential customers who do not match this ideal profile will be charged a more expensive rate and ends up with business going elsewhere. The ad wording is “people who switch” not “everyone that quotes” save that much. This is how insurance companies can confidently state the savings.

That is why it’s extremely important to get as many comparisons as possible. It’s just too difficult to predict which insurance companies will fit your personal profile best.

You may need specialized coverage

When it comes to buying the best insurance coverage coverage for your personal vehicles, there is no single plan that fits everyone. Your needs are not the same as everyone else’s.

For example, these questions might point out if your insurance needs would benefit from professional advice.

  • Does medical payments coverage apply to all occupants?
  • Is my ex-spouse still covered by my policy?
  • Can I drive in Mexico and have coverage?
  • Do I need PIP (personal injury protection) coverage in my state?
  • How can I find cheaper teen driver insurance?
  • What vehicles should carry emergency assistance coverage?
  • Does my 2014 Chevy Silverado 1500 qualify for pleasure use?
  • Are my tools covered if they get stolen from my vehicle?
  • Where can I find high-risk insurance?

If you don’t know the answers to these questions, you may need to chat with an agent. If you want to speak to an agent in your area, simply complete this short form.

The coverage is in the details

Understanding the coverages of auto insurance can be of help when determining which coverages you need and proper limits and deductibles. The coverage terms in a policy can be impossible to understand and coverage can change by endorsement.

Comprehensive auto insurance

Comprehensive insurance coverage will pay to fix damage OTHER than collision with another vehicle or object. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive coverage protects against claims such as damage from getting keyed, hail damage, falling objects, theft and hitting a bird. The most you’ll receive from a claim is the ACV or actual cash value, so if the vehicle is not worth much consider dropping full coverage.

Coverage for medical expenses

Coverage for medical payments and/or PIP reimburse you for bills for things like prosthetic devices, doctor visits, rehabilitation expenses and EMT expenses. They are often used to cover expenses not covered by your health insurance plan or if you do not have health coverage. Medical payments and PIP cover all vehicle occupants and will also cover getting struck while a pedestrian. Personal injury protection coverage is only offered in select states and gives slightly broader coverage than med pay

Coverage for uninsured or underinsured drivers

This coverage protects you and your vehicle’s occupants when the “other guys” do not carry enough liability coverage. Covered claims include hospital bills for your injuries as well as damage 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 very important. Normally the UM/UIM limits are set the same as your liablity limits.

Coverage for collisions

This coverage will pay to fix damage to your Silverado 1500 caused by collision with another vehicle or an object, but not an animal. A deductible applies then the remaining damage will be paid by your insurance company.

Collision can pay for claims such as colliding with another moving vehicle, damaging your car on a curb, crashing into a building, driving through your garage door and colliding with a tree. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from older vehicles. It’s also possible to increase the deductible in order to get cheaper collision rates.

Liability insurance

This coverage will cover damage that occurs to people or other property by causing an accident. It protects you against other people’s claims. Liability doesn’t cover your injuries or vehicle damage.

Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have values of 100/300/100 which stand for a limit of $100,000 per injured person, a total of $300,000 of bodily injury coverage per accident, and $100,000 of coverage for damaged propery. Alternatively, you may have one number which is a combined single limit which provides one coverage limit and claims can be made without the split limit restrictions.

Liability coverage protects against things like medical expenses, structural damage and bail bonds. The amount of liability coverage you purchase is your choice, but it’s cheap coverage so purchase as large an amount as possible.

At the end of the day…

We just showed you a lot of techniques to compare 2014 Chevy Silverado 1500 insurance prices online. It’s most important to understand that the more rate comparisons you have, the better your chances of lowering your rates. You may even discover the biggest savings come from some of the lesser-known companies.

Drivers leave their current company for many reasons like policy cancellation, not issuing a premium refund, poor customer service or lack of trust in their agent. No matter why you want to switch, finding a new company is pretty simple and you could end up saving a buck or two.

Budget-conscious insurance can be purchased on the web as well as from independent agents, and you need to price shop both to have the best chance of lowering rates. A few companies don’t offer online price quotes and these small insurance companies work with independent agents.

For more information, take a look at the resources below: