2006 Chevrolet Silverado 1500 Insurance Quotes

Want cheaper car insurance rates for your Chevrolet Silverado 1500? No one likes having to buy car insurance, particularly when the cost is too high.

Popular companies such as Allstate, Liberty Mutual and State Farm all claim big savings with fancy advertisements and it is difficult to sift through the bull and effectively compare rates to find the best deal.

Smart consumers take time to compare rates before your policy renews because insurance rates change regularly. Despite the fact that you may have had the best price for Silverado coverage on your last policy you will most likely find a better rate today. Don’t believe everything you read about car insurance on the internet, so I’m going to show you some proven techniques to put money back in your pocket.

If you currently have car insurance, you will most likely be able to save some money using these tips. Buying car insurance is easy if you know what you’re doing. But drivers benefit from understanding the way companies sell insurance online and apply this information to your search.

Cut your premium with discounts

Companies that sell car insurance don’t always publicize all available discounts very well, so the following is a list of both well-publicized as well as the least known insurance coverage savings.

  • Federal Employees – Employees or retirees of the government can earn a discount up to 10% for Silverado coverage with select insurance companies.
  • Seat Belts Save more than Lives – Buckling up and requiring all passengers to use their safety belts could save 15% off the personal injury premium cost.
  • One Accident Forgiven – Certain companies will forgive one accident before raising your premiums if you are claim-free for a set time period.
  • Accident Free – Good drivers with no accidents pay much less when compared with frequent claim filers.
  • Anti-theft Discount – Cars that have factory anti-theft systems can help prevent theft and qualify for as much as a 10% discount.
  • Multi-policy Discount – If you insure your home and vehicles with the same company you may save at least 10% off all policies.
  • Air Bag Discount – Vehicles with factory air bags or automatic seat belts may earn rate discounts of up to 25% or more.

A little note about advertised discounts, many deductions do not apply to the entire cost. The majority will only reduce the cost of specific coverages such as comprehensive or collision. Just because it seems like you would end up receiving a 100% discount, insurance coverage companies aren’t that generous.

For a list of companies with discount insurance coverage rates, click this link.

What is the best insurance coverage?

When it comes to buying adequate coverage for your vehicles, there isn’t really a one size fits all plan. Everyone’s needs are different and a cookie cutter policy won’t apply. These are some specific questions can aid in determining if you might need an agent’s assistance.

  • Do I need rental car coverage?
  • Is a fancy paint job covered?
  • Am I insured when driving a different vehicle?
  • Is a blown tire covered by insurance?
  • Are my tools covered if they get stolen from my vehicle?
  • Where can I find DUI or SR-22 insurance?

If you can’t answer these questions but a few of them apply, you might consider talking to an insurance agent. To find lower rates from a local agent, take a second and complete this form or go to this page to view a list of companies.

Educate yourself about insurance coverages

Having a good grasp of a insurance policy aids in choosing which coverages you need at the best deductibles and correct limits. Policy terminology can be confusing and reading a policy is terribly boring. Below you’ll find typical coverage types available from insurance companies.

Liability insurance

This coverage can cover damage that occurs to a person or their property that is your fault. This coverage protects you from claims by other people. Liability doesn’t cover damage to your own property or vehicle.

Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. Your policy might show values of 25/50/25 which stand for a limit of $25,000 per injured person, a per accident bodily injury limit of $50,000, and $25,000 of coverage for damaged propery.

Liability coverage protects against things like medical expenses, emergency aid, loss of income, legal defense fees and repair costs for stationary objects. How much liability should you purchase? That is a decision to put some thought into, but you should buy as large an amount as possible.

Collision protection

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

Collision coverage pays for claims like sideswiping another vehicle, backing into a parked car and driving through your garage door. Paying for collision coverage can be pricey, so consider dropping it from vehicles that are older. Another option is to raise the deductible to bring the cost down.

Comprehensive coverage (or Other than Collision)

This pays to fix your vehicle from damage from a wide range of events other than collision. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive insurance covers things like vandalism, a tree branch falling on your vehicle, a broken windshield, hitting a bird and damage from a tornado or hurricane. The maximum payout you can receive from a comprehensive claim is the cash value of the vehicle, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.

Uninsured Motorist or Underinsured Motorist insurance

This protects you and your vehicle when other motorists are uninsured or don’t have enough coverage. Covered claims include injuries to you and your family and damage to your 2006 Chevy Silverado 1500.

Due to the fact that many drivers have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea.

Insurance for medical payments

Medical payments and Personal Injury Protection insurance kick in for expenses for surgery, funeral costs, X-ray expenses and doctor visits. They can be utilized in addition to your health insurance program or if there is no health insurance coverage. Coverage applies to you and your occupants as well as any family member struck as a pedestrian. PIP coverage is not an option in every state and may carry a deductible

Make an honest buck

In this article, we presented quite a bit of information on how to lower your 2006 Chevy Silverado 1500 insurance rates. The most important thing to understand is the more you quote, the better likelihood of reducing your rate. You may even discover the biggest savings come from some of the smallest insurance companies. These companies can often provide lower rates in certain areas than the large multi-state companies such as Allstate, Geico and Progressive.

While you’re price shopping online, it’s very important that you do not buy lower coverage limits just to save a few bucks. There have been many situations where someone sacrificed liability limits or collision coverage to discover at claim time that it was a big error on their part. Your focus should be to get the best coverage possible at the best price.

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