2000 Chevrolet Silverado 1500 Insurance Rates – 9 Tips for Cheaper Quotes

Finding lower rates for insurance coverage can be difficult for consumers new to shopping for insurance online. Drivers have so many choices that it can be more work than you anticipated to find lower rates.

Companies offer discounts so take them!

Companies don’t list all their discounts very well, so here is a list both the well known as well as the least known discounts you could be receiving.

  • Auto/Home Discount – If you have multiple policies with one company you could get a discount of up to 20% off your total premium.
  • Discount for New Cars – Adding a new car to your policy can save up to 30% because new vehicles have to meet stringent safety requirements.
  • No Charge for an Accident – A few companies will forgive one accident before your rates go up so long as you haven’t had any claims for a certain period of time.
  • Discount for Life Insurance – Larger companies have a discount if you purchase a life insurance policy as well.
  • Payment Discounts – If paying your policy premium upfront instead of monthly or quarterly installments you could save 5% or more.
  • Anti-lock Brakes – Cars that have steering control and anti-lock brakes are safer to drive and will save you 10% or more.
  • Homeowners Pay Less – Being a homeowner can help you save on insurance because of the fact that having a home shows financial diligence.
  • Safe Driver Discount – Safe drivers may save up to 50% more on Silverado insurance than drivers with accident claims.
  • Club Memberships – Being a member of a professional or civic organization may earn a discount when shopping for insurance on Silverado insurance.

As a disclaimer on discounts, many deductions do not apply to your bottom line cost. Some only reduce individual premiums such as comprehensive or collision. So when the math indicates all those discounts means the company will pay you, you won’t be that lucky.

To see a list of companies with discount insurance rates, follow this link.

Compare Quotes for Auto Insurance

The are a couple different ways to compare rate quotes from auto insurance companies in your area. The quickest method to compare 2000 Chevy Silverado 1500 insurance prices involves getting comparison quotes online. This can be done in a couple of different ways.

  1. The first (and easiest) way to get the best comparison quotes is an all-inclusive rate comparison (click to open form in new window). This easy form keeps you from doing separate quotation requests for each company. Taking the time to complete one form will return quotes from all major companies.It’s the quickest way to get rates.
  2. Another way to find lower rates requires visiting each company’s website and request a quote. For sake of this example, we’ll pretend you want comparison quotes from Farmers, State Farm and GMAC. To find out each rate you need to spend time on each company’s site and enter your 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.

  3. The least efficient method to get comparison rates is to waste gas driving to and from local insurance agencies. The ability to buy insurance online eliminates the need for an insurance agent unless you want the personal advice of a licensed agent. However, consumers can compare the best prices online but buy from a local insurance agent.

It doesn’t matter which method you choose, just ensure you are comparing exactly the same coverage limits for every quote you compare. If you compare different deductibles it’s impossible to find the best deal for your Chevy Silverado 1500. Quoting even small variations in insurance coverages can result in a big premium difference. Just keep in mind that quoting more helps you find the best price.

Do I just need basic coverages?

When it comes to buying coverage, there really is not a one size fits all plan. Every insured’s situation is different.

Here are some questions about coverages that can help discover whether you would benefit from an agent’s advice.

  • Where can I get insurance after a DUI in my state?
  • Are all vehicle passengers covered by medical payments coverage?
  • Do I pay less for low miles?
  • Am I covered when pulling a rental trailer?
  • What if I don’t agree with a claim settlement offer?
  • Does having multiple vehicles earn me a discount?
  • How do I insure my teen driver?

If you can’t answer these questions but one or more may apply to you, you may need to chat with an insurance agent. If you don’t have a local agent, take a second and complete this form.

Car insurance coverage information

Learning about specific coverages of a auto insurance policy can be of help when determining which coverages you need at the best deductibles and correct limits. Auto insurance terms can be impossible to understand and coverage can change by endorsement.

Medical payments coverage and PIP

Med pay and PIP coverage pay for immediate expenses such as doctor visits, hospital visits, funeral costs and nursing services. The coverages can be used to fill the gap from your health insurance policy or if there is no health insurance coverage. It covers not only the driver but also the vehicle occupants and also covers if you are hit as a while walking down the street. Personal Injury Protection is not universally available but can be used in place of medical payments coverage

Uninsured/Underinsured Motorist coverage

This coverage gives you protection when the “other guys” either are underinsured or have no liability coverage at all. Covered claims include hospital bills for your injuries as well as your vehicle’s damage.

Since a lot of drivers only purchase the least amount of liability that is required, their limits can quickly be used up. This is the reason having UM/UIM coverage is important protection for you and your family.

Comprehensive coverage

This coverage covers damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible and then insurance will cover the rest of the damage.

Comprehensive can pay for things such as rock chips in glass, damage from getting keyed and fire damage. The most your auto insurance company will pay is the market value of your vehicle, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

Liability car insurance

This coverage provides protection from injuries or damage you cause to people or other property. Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show values of 25/50/25 which stand for $25,000 in coverage for each person’s injuries, a limit of $50,000 in injury protection per accident, and $25,000 of coverage for damaged propery.

Liability coverage pays for claims such as funeral expenses, emergency aid, medical expenses and bail bonds. How much coverage you buy is your choice, but you should buy as high a limit as you can afford.

Collision coverage

Collision insurance will pay to fix damage to your Silverado 1500 resulting from colliding with another vehicle or an object, but not an animal. You first must pay a deductible and the rest of the damage will be paid by collision coverage.

Collision can pay for things such as crashing into a building, scraping a guard rail, sustaining damage from a pot hole and damaging your car on a curb. This coverage can be expensive, so consider dropping it from older vehicles. It’s also possible to choose a higher deductible to bring the cost down.

Saving money makes a lot of cents

We just showed you a lot of techniques to lower your 2000 Chevy Silverado 1500 insurance rates. The key concept to understand is the more rate quotes you have, the higher the chance of saving money. You may even find the biggest savings come from a smaller regional carrier.

Insureds who switch companies do it for any number of reasons including lack of trust in their agent, delays in paying claims, extreme rates for teen drivers and delays in responding to claim requests. No matter why you want to switch, finding a new company is not as hard as you think.

Cheaper insurance is definitely available both online in addition to many insurance agents, and you should compare price quotes from both to get a complete price analysis. A few companies do not provide online price quotes and usually these small insurance companies provide coverage only through local independent agents.

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