2009 Chevrolet Silverado 1500 Insurance Rates – 7 Tricks for Cheapest Quotes

I can’t think of a single person who looks forward to paying for auto insurance, especially knowing the cost is too high. Numerous insurance companies battle for your hard-earned dollar, so it’s not easy to compare every provider to find the cheapest price

Automobile Insurance Quotes

Getting a cheaper price on 2009 Chevy Silverado 1500 insurance is not a difficult process. The only thing you need to do is take time comparing price quotes online from several insurance companies. This can be done in just a few minutes using one of these methods.

  1. Probably the best way to get the best comparison quotes is to use a rate comparison form click here to open form in new window. This type of form eliminates the need for boring form submissions for every insurance company. A single form will get you price quotes from insurance companies with the best prices.
  2. A less efficient way to analyze rates is to take the time to go to the website for every company you want to comare to request a price quote. For examples sake, let’s say you want to compare rates from Nationwide, Esurance and Progressive. You would have to spend time on each company’s site and enter your policy data, which is why most consumers use the first method. To view a list of companies in your area, click here.
  3. The least recommended method to compare rates is to drive around to local insurance agencies. Buying insurance online makes this process obsolete unless you prefer the professional guidance only provided by licensed agents. However, consumers can obtain prices from the web but still have the advice of a local agent and we’ll cover that in a bit.

However you get your quotes, ensure you’re using exactly the same coverage limits and deductibles on every quote. If the quotes have mixed coverages it will be next to impossible to determine which rate is truly the best.

Advertising myths

Consumers constantly see and hear ads for car insurance savings from companies such as State Farm, Geico and Progressive. All the ads make the same claim that you’ll save big if you switch your policy.

But how can every company make almost identical claims? This is how they do it.

All companies have a preferred profile for the driver that makes them money. A good example of a preferred risk might be between the ages of 40 and 55, has no prior claims, and chooses high deductibles. A customer getting a price quote who matches those parameters gets the lowest rates and most likely will save when switching.

Potential customers who don’t meet these standards will be quoted a more expensive rate which leads to business not being written. The ad wording is “drivers who switch” not “everyone that quotes” save money. This is how companies can truthfully advertise the way they do.

This emphasizes why it is so important to get as many quotes as possible. Because you never know which company will provide you with the cheapest Chevy Silverado 1500 insurance rates.

Take advantage of discounts

Insurance can be prohibitively expensive, but there could be available discounts to help offset the cost. Most are applied when you purchase, but some must be specifically requested in order for you to get them. If you’re not getting every credit you deserve, you’re just leaving money on the table.

  • Life Insurance Discount – Some companies give better rates if you take out a life insurance policy as well.
  • Accident Waiver – A handful of insurance companies allow you one accident before raising your premiums as long as you don’t have any claims for a particular time prior to the accident.
  • Sign Early and Save – Some companies give discounts for signing up before your current expiration date. It can save you around 10%.
  • Use Seat Belts – Buckling up and requiring all passengers to use their safety belts can save 10% or more on the medical payments or PIP coverage costs.
  • Memberships – Participating in certain professional organizations could qualify you for a break when shopping for insurance coverage on Silverado insurance.
  • Lower Rates for Military – Being deployed with a military unit can result in better rates.
  • Defensive Driving Course – Taking a course teaching defensive driving skills could save 5% or more if your company offers it.

It’s important to understand that most discount credits are not given to the overall cost of the policy. Some only reduce the price of certain insurance coverages like comprehensive or collision. Just because it seems like adding up those discounts means a free policy, insurance coverage companies aren’t that generous. But all discounts will bring down the amount you have to pay.

Companies that may offer these money-saving discounts include:

Check with all companies you are considering which discounts they offer. Some discounts might not apply in every state.

How to know if you need help

When buying the best car insurance coverage for your personal vehicles, there really is not a one size fits all plan. Your needs are not the same as everyone else’s so your insurance needs to address that. For example, these questions might help in determining whether or not you will benefit from professional help.

  • Will my rates increase for filing one claim?
  • Which is better, split liability limits or combined limits?
  • Am I covered when renting a car or should I buy coverage from the car rental agency?
  • What can I do if my company won’t pay a claim?
  • When can my company non-renew my policy?
  • What is the difference between comprehensive and collision coverage?
  • Do I get a pro-rated refund if I cancel my policy early?
  • Is rental equipment covered for theft or damage?

If you can’t answer these questions, then you may want to think about talking to a licensed insurance agent. If you don’t have a local agent, complete this form or you can go here for a list of companies in your area. It only takes a few minutes and may give you better protection.

Auto insurance coverage information

Understanding the coverages of your policy can help you determine which coverages you need for your vehicles. The terms used in a policy can be confusing and reading a policy is terribly boring. Shown next are the normal coverages offered by car insurance companies.

Auto collision coverage

This 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 and then insurance will cover the remainder.

Collision coverage protects against claims like backing into a parked car, damaging your car on a curb, driving through your garage door, sideswiping another vehicle and crashing into a ditch. Paying for collision coverage can be pricey, so consider dropping it from vehicles that are 8 years or older. Drivers also have the option to increase the deductible to bring the cost down.

Comprehensive coverages

This pays for damage from a wide range of events other than collision. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage protects against things like fire damage, vandalism and damage from getting keyed. The highest amount a car insurance company will pay at claim time is the cash value of the vehicle, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

Liability car insurance

Liability coverage provides protection from injuries or damage you cause to a person or their property in an accident. It consists of three limits, bodily injury per person, bodily injury per accident and property damage. You might see policy limits of 25/50/25 which means a limit of $25,000 per injured person, a limit of $50,000 in injury protection per accident, and a limit of $25,000 paid for damaged property. Another option is a combined single limit or CSL which combines the three limits into one amount and claims can be made without the split limit restrictions.

Liability coverage pays for claims such as bail bonds, funeral expenses, medical services and structural damage. How much coverage you buy is a decision to put some thought into, but buy as large an amount as possible.

Coverage for medical payments

Medical payments and Personal Injury Protection insurance pay for bills such as pain medications, surgery, doctor visits, X-ray expenses and chiropractic care. The coverages can be used to fill the gap from your health insurance policy or if you are not covered by health insurance. It covers not only the driver but also the vehicle occupants as well as any family member struck as a pedestrian. Personal Injury Protection is only offered in select states but can be used in place of medical payments coverage

Uninsured and underinsured coverage

This coverage protects you and your vehicle from other drivers when they are uninsured or don’t have enough coverage. Covered losses include injuries to you and your family and damage to your Chevy Silverado 1500.

Due to the fact that many drivers have only the minimum liability required by law, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family. Normally your uninsured/underinsured motorist coverages are similar to your liability insurance amounts.

Take this to the bank

In this article, we covered quite a bit of information on how to compare 2009 Chevy Silverado 1500 insurance prices online. The key concept to understand is the more quotes you get, the better likelihood of reducing your rate. You may even discover the biggest savings come from some of the smallest insurance companies. Regional companies may cover specific market segments cheaper than the large multi-state companies such as State Farm or Progressive.

Cheap insurance can be sourced online and with local insurance agents, so compare prices from both to have the best chance of lowering rates. Some companies do not offer online quoting and usually these smaller companies provide coverage only through local independent agents.

Much more information about car insurance is available at these links: