2016 Chevrolet Silverado 1500 Car Insurance Rates – 5 Tips for Cheaper Quotes

Want better insurance rates? Drivers have a choice when trying to find low-cost Chevy Silverado 1500 insurance. You can either spend your time calling around trying to get quotes or use the internet to make rate comparisons. There is a right way and a wrong way to find insurance online and you need to know the proper way to get price quotes for a new or used Chevy and find the lowest possible price.

It is always a good idea to compare prices yearly because prices are adjusted regularly by insurance companies. If you had the lowest price on Silverado coverage a few years ago you can probably find a better rate now. Don’t believe everything you read about insurance online, but in a few minutes you can learn a lot of great tips on how to reduce your insurance bill.

How to compare car insurance rate quotes

Most companies provide coverage prices direct online. Doing online quotes is fairly simple as all you need to do is type in the coverages you want on the page. After you complete the form, the quote system orders your driving record and credit report and returns a price based on the information you submitted.

Quoting online makes comparing rates easy, but the process of having to visit several different sites and type in the same information is repetitive and time-consuming. Unfortunately, it is important to compare as many rates as possible if you want to find the lowest price.

A less time-consuming method to get multiple rate quotes uses just one form to return rates from multiple companies. It saves time, requires less work, and makes comparison shopping a little more enjoyable. After your information is entered, it gets priced and you can select any of the quote results. If one or more price quotes are lower than your current rates, you can click and sign and purchase the new policy. It just takes a couple of minutes and can result in significant savings.

To quickly get comparison pricing now, click here to open in new window and input your coverage information. If you have a policy now, it’s recommended you copy coverages and limits just like they are on your policy. This ensures you’re receiving a rate comparison based on the exact same insurance coverage.

Don’t overlook these five auto insurance discounts

Some insurance providers don’t always publicize all available discounts very well, so we took the time to find some of the best known as well as some of the hidden credits that may apply to you. If you do not check that you are getting every discount you qualify for, you are just wasting money.

  • Anti-lock Brake System – Anti-lock brake equipped vehicles can reduce accidents so companies give up to a 10% discount.
  • Discount for Low Mileage – Driving less can qualify you for lower premium rates on the low mileage vehicles.
  • Military Discounts – Being deployed with a military unit can result in better prices.
  • Federal Government Employee – Simply working for the federal government can save as much as 8% on Silverado coverage with select insurance companies.
  • Discounts for Multiple Vehicles – Buying a policy with multiple vehicles with the same auto insurance company qualifies for this discount.

Consumers should know that most of the big mark downs will not be given the the whole policy. Most only reduce specific coverage prices like liability, collision or medical payments. Even though the math looks like all those discounts means the company will pay you, that’s just not realistic.

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

When to get professional advice

When choosing adequate coverage, there isn’t really a perfect coverage plan. Every situation is different.

For instance, these questions might help in determining if your insurance needs would benefit from an agent’s advice.

  • Am I covered if I hit my neighbor’s mailbox?
  • What are the best liability limits?
  • Do I have coverage when making deliveries for my home business?
  • When does my teenage driver need to be added to my policy?
  • How can I get my company to pay me more for my totalled car?
  • How much underlying liability do I need for an umbrella policy?
  • How much liability coverage do I need in my state?
  • Does my policy cover me when driving someone else’s vehicle?

If you can’t answer these questions, you might consider talking to a licensed agent. To find lower rates from a local agent, complete this form. It’s fast, free and may give you better protection.

Auto insurance coverage considerations

Learning about specific coverages of your auto insurance policy can be of help when determining the best coverages at the best deductibles and correct limits. The coverage terms in a policy can be difficult to understand and reading a policy is terribly boring.

Liability

Liability insurance can cover damage that occurs to people or other property by causing an accident. It protects YOU against claims from other people, and does not provide coverage for damage sustained by your vehicle in an accident.

Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have liability limits of 50/100/50 which means a $50,000 limit per person for injuries, a limit of $100,000 in injury protection per accident, and property damage coverage for $50,000.

Liability coverage protects against claims like funeral expenses, attorney fees, emergency aid and repair bills for other people’s vehicles. How much liability coverage do you need? That is a decision to put some thought into, but you should buy as large an amount as possible.

UM/UIM Coverage

Your UM/UIM coverage gives you protection when the “other guys” either have no liability insurance or not enough. It can pay for hospital bills for your injuries as well as your vehicle’s damage.

Since a lot of drivers carry very low liability coverage limits, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is important protection for you and your family.

Collision coverage protection

This pays to fix your vehicle from damage from colliding with another vehicle or an object, but not an animal. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision insurance covers claims such as sideswiping another vehicle, crashing into a building and colliding with another moving vehicle. This coverage can be expensive, so consider dropping it from vehicles that are 8 years or older. Drivers also have the option to choose a higher deductible to get cheaper collision coverage.

Medical costs insurance

Med pay and PIP coverage pay for immediate expenses such as chiropractic care, nursing services and pain medications. They can be used in conjunction with a health insurance policy or if there is no health insurance coverage. Medical payments and PIP cover you and your occupants and also covers if you are hit as a while walking down the street. Personal injury protection coverage is not an option in every state but can be used in place of medical payments coverage

Comprehensive or Other Than Collision

This coverage pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive insurance covers claims such as falling objects, hitting a deer, a tree branch falling on your vehicle, hail damage and damage from flooding. The most a auto insurance company will pay at claim time is the ACV or actual cash value, so if the vehicle’s value is low consider removing comprehensive coverage.

The bottom line

Drivers switch companies for a variety of reasons including extreme rates for teen drivers, delays in paying claims, high prices and even unfair underwriting practices. It doesn’t matter why you want to switch choosing a new company can be easier than you think.

More affordable insurance coverage can be found from both online companies in addition to many insurance agents, and you should compare price quotes from both to have the best chance of lowering rates. Some companies do not offer internet price quotes and these smaller providers only sell coverage through independent insurance agencies.

When buying insurance coverage, never buy poor coverage just to save money. In many instances, drivers have reduced full coverage only to discover later that it was a big mistake. Your strategy should be to get the best coverage possible at the best price, not the least amount of coverage.

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