Cheaper 2010 Chevrolet Silverado 1500 Insurance Cost

Buying affordable auto insurance on the web can seem to be rather challenging for beginners to buying insurance online. With such a large number of insurers available, how can you effectively compare them all to find the lowest rates?

Policy discounts you shouldn’t miss

Properly insuring your vehicles can get expensive, but you can get discounts to cut the cost considerably. Some trigger automatically at quote time, but less common discounts must be asked about prior to getting the savings.

  • Good Student – A discount for being a good student can save 20 to 25%. This discount can apply up until you turn 25.
  • Passive Restraint Discount – Cars that have air bags and/or automatic seat belt systems can qualify for discounts of more than 20%.
  • No Charge for an Accident – A few companies will forgive one accident before your rates go up if your claims history is clear prior to the accident.
  • Anti-lock Brakes – Vehicles equipped with ABS or steering control prevent accidents and earn discounts up to 10%.
  • Multiple Vehicles – Insuring multiple vehicles with the same company may reduce the rate for each vehicle.
  • Theft Prevention Discount – Anti-theft and alarm systems help deter theft and earn discounts up to 10%.

Drivers should understand that most discounts do not apply the the whole policy. Most only cut individual premiums such as comp or med pay. So when the math indicates it’s possible to get free car insurance, auto insurance companies aren’t that generous. But all discounts will cut the amount you have to pay.

A partial list of companies that may have these money-saving discounts may include but are not limited to:

Double check with all companies you are considering which discounts you may be entitled to. Savings may not apply everywhere.

Chevy Silverado 1500 rates are complex

Smart consumers have a good feel for the factors that go into determining the price you pay for car insurance. Knowing what determines base rates helps enable you to make changes that will entitle you to big savings.

Listed below are some of the items that factor into prices.

  • Extra coverages can waste money – There are a lot of additional coverages that can waste your money on your car insurance policy. Insurance for rental car reimbursement, accident forgiveness and membership fees are some examples. They may seem good initially, but your needs may have changed so eliminate the coverages to reduce your premium.
  • Men are more aggressive – The statistics show that men are more aggressive behind the wheel. Now that doesn’t mean men are worse drivers. Both sexes cause accidents in similar percentages, but men tend to have more serious accidents. Men also have more aggressive citations such as reckless driving.
  • Lower rates come with age – Youthful drivers are known to be careless and easily distracted when behind the wheel so car insurance rates are higher. Older insureds are more cautious drivers, statistically cause fewer accidents and are safer drivers.
  • Credit scores impact car insurance rates – Credit rating is a large factor in calculating your car insurance rates. People with high credit ratings tend to be more responsible than drivers with lower ratings. If your credit can use some improvement, you could be paying less to insure your 2010 Chevrolet Silverado 1500 by repairing your credit.

Insurance agents can help

When it comes to buying adequate coverage, there really is not a best way to insure your cars. Your needs are not the same as everyone else’s.

Here are some questions about coverages that may help you determine whether or not you may require specific advice.

  • Am I covered when driving in Canada or Mexico?
  • Should I waive the damage coverage when renting a car?
  • Is business property covered if stolen from my car?
  • Am I covered if hit by an uninsured driver?
  • Is my 2010 Chevy Silverado 1500 covered for flood damage?
  • Do I need special endorsements for business use of my vehicle?
  • What is PIP insurance?
  • Do I need replacement cost coverage on my 2010 Chevy Silverado 1500?
  • Can my babysitter drive my car?
  • Can I afford to pay high deductible claims out of pocket?

If it’s difficult to answer those questions but you know they apply to you, then you may want to think about talking to a licensed agent. If you don’t have a local agent, simply complete this short form.

Do you really save 40% when you switch?

Auto insurance companies such as Geico, State Farm and Progressive continually stream television and radio advertisements. They all seem to have a common claim of big savings after switching your policy. How do they all make almost identical claims? This is how they do it.

All the different companies have a preferred profile for the driver that is profitable for them. For example, a desirable insured might be profiled as a mature driver, has no prior claims, and drives less than 10,000 miles a year. Any driver that hits that “sweet spot” will get very good rates and as a result will probably save a lot of money.

Potential customers who do not match these standards will be quoted a more expensive rate and this can result in the driver buying from a lower-cost company. The ads say “customers that switch” but not “drivers who get quotes” save that kind of money. This is how insurance companies can confidently claim big savings.

This emphasizes why drivers should get as many comparisons as possible. It’s impossible to know the company that will give you the biggest savings on Chevy Silverado 1500 insurance.

Detailed coverages of your car insurance policy

Knowing the specifics of your car insurance policy helps when choosing the right coverages and the correct deductibles and limits. Policy terminology can be impossible to understand and reading a policy is terribly boring.

Uninsured/Underinsured Motorist (UM/UIM)

Your UM/UIM coverage gives you protection when other motorists are uninsured or don’t have enough coverage. This coverage pays for injuries to you and your family and damage to your Chevy Silverado 1500.

Since a lot of drivers only purchase the least amount of liability that is required, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked. Most of the time these coverages are similar to your liability insurance amounts.

Auto liability insurance

Liability insurance provides protection from damages or injuries you inflict on other people or property by causing an accident. This coverage protects you against claims from other people. Liability doesn’t cover damage sustained by your vehicle in an accident.

Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. You might see limits of 25/50/25 which stand for a limit of $25,000 per injured person, a limit of $50,000 in injury protection per accident, and property damage coverage for $25,000. Occasionally you may see a combined single limit or CSL which limits claims to one amount with no separate limits for injury or property damage.

Liability can pay for things such as repair costs for stationary objects, legal defense fees, structural damage, pain and suffering and medical services. How much liability should you purchase? That is up to you, but buy as large an amount as possible.

Comprehensive insurance

This pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage pays for things like fire damage, a broken windshield, hail damage, vandalism and a tree branch falling on your vehicle. The maximum 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 probably time to drop comprehensive insurance.

Med pay and Personal Injury Protection (PIP)

Med pay and PIP coverage reimburse you for immediate expenses for EMT expenses, chiropractic care and funeral costs. They are utilized in addition to your health insurance plan or if you do not have health coverage. Coverage applies to both the driver and occupants and also covers if you are hit as a while walking down the street. Personal injury protection coverage is not universally available but it provides additional coverages not offered by medical payments coverage

Collision coverage

Collision insurance pays for damage to your Silverado 1500 resulting from a collision with another car or object. A deductible applies then your collision coverage will kick in.

Collision insurance covers claims such as sideswiping another vehicle, damaging your car on a curb, hitting a mailbox and driving through your garage door. Collision coverage makes up a good portion of your premium, so you might think about dropping it from vehicles that are older. You can also increase the deductible to get cheaper collision coverage.

Be a penny pincher

Cheap 2010 Chevy Silverado 1500 insurance can be purchased on the web and with local insurance agents, and you should compare price quotes from both to have the best chance of lowering rates. There are still a few companies who do not offer the ability to get a quote online and usually these regional insurance providers provide coverage only through local independent agents.

As you shop your coverage around, make sure you don’t buy poor coverage just to save money. There have been many cases where an insured cut collision coverage and learned later that they should have had better coverage. Your goal should be to buy a smart amount of coverage at an affordable rate while not skimping on critical coverages.

Drivers switch companies for many reasons like being labeled a high risk driver, policy non-renewal, delays in responding to claim requests or extreme rates for teen drivers. It doesn’t matter what your reason, choosing a new company is not as hard as you think.

More detailed car insurance information is available in these articles: