2014 Chevrolet Silverado 1500 Insurance Quotes – 9 Tips for Cheaper Rates

Looking for cheaper auto insurance rates? Shoppers have options when shopping for the lowest priced Chevy Silverado 1500 insurance. You can either waste hours calling around to get rate comparisons or leverage the internet to make rate comparisons.

There are more efficient ways to find auto insurance online and we’ll show you the proper way to quote coverages for a new or used Chevy and get the cheapest rates from both online companies and local agents.

Smart consumers take time to compare rates quite often because insurance rates go up and down regularly. Despite the fact that you may have had the best deal for Silverado coverage last year there is a good chance you can find better rates now. Block out anything you think you know about auto insurance because we’re going to demonstrate one of the best ways to buy cheaper auto insurance.

If you have a policy now or need a new policy, you can use these tips to find better prices while maximizing coverage. The purpose of this post is to help you learn how to effectively get price quotes and some tricks to saving. Consumers just need to learn how to get comparison rates online.

Car Insurance Comparisons

There are a lot of ways to shop for car insurance, and some are less time-consuming than others. You can spend countless hours driving to agents in your area, or you can utilize the web to get rates in a matter of minutes.

Many of the larger companies belong to a marketplace where prospective buyers enter their coverage request one time, and each participating company provides a quote for coverage. This prevents consumers from doing quotation requests for every car insurance company. To enter your information into the quoting system, click here (opens in new window).

The only drawback to using this type of form is you cannot specify which providers to get quotes from. So if you prefer to choose from a list of companies to request quotes from, we have a listing of car insurance companies in your area. Click to view list.

It’s up to you how you get prices quotes, just make sure you use apples-to-apples coverage limits and deductibles for each price quote. If the quotes have differing limits it will be next to impossible to truly determine the lowest rate.

Lots of discounts mean lots of savings

Properly insuring your vehicles can get expensive, but there are discounts available that can drop the cost substantially. Some trigger automatically at the time of quoting, but less common discounts must be specially asked for prior to receiving the credit. If they aren’t giving you every credit available, you are paying more than you should be.

  • Safety Course Discount – Taking part in a course in driver safety can save you 5% or more depending on where you live.
  • Low Mileage Discounts – Keeping the miles down on your Chevy could be rewarded with discounted rates on garaged vehicles.
  • Pay Upfront and Save – If paying your policy premium upfront instead of paying each month you may reduce your total bill.
  • Government Employees – Active or retired federal employment can save as much as 8% for Silverado coverage with certain companies.
  • Lower Rates for Military – Having a family member in the military may qualify for rate reductions.
  • 55 and Retired – If you qualify as a senior citizen, you can possibly qualify for a discount up to 10% for Silverado coverage.
  • Own a Home – Owning a home can save you money because owning a home demonstrates responsibility.
  • Multiple Cars – Buying insurance for all your vehicles on the same insurance policy could earn a price break for each car.
  • Life Insurance – Some companies give better rates if you take out life insurance from them.

A little note about advertised discounts, some credits don’t apply to the overall cost of the policy. Most cut the cost of specific coverages such as medical payments or collision. So when it seems like all the discounts add up to a free policy, it doesn’t quite work that way. Any amount of discount will cut your overall premium however.

To see a list of insurers with discount insurance rates, click here to view.

Situations that might require an agent

When it comes to choosing the right insurance coverage for your vehicles, there really is no cookie cutter policy. Your needs are not the same as everyone else’s.

These are some specific questions can aid in determining whether your personal situation may require specific advice.

  • Are my friends covered when driving my 2014 Chevy Silverado 1500?
  • How many claims can I have before being cancelled?
  • When would I need rental car insurance?
  • Am I covered when renting a car or should I buy coverage from the car rental agency?
  • Should I have combined single limit or split liability limits?
  • Does my policy pay for OEM or aftermarket parts?

If you don’t know the answers to these questions but you think they might apply to your situation, then you may want to think about talking to a licensed insurance agent. If you want to speak to an agent in your area, take a second and complete this form. It’s fast, free and you can get the answers you need.

The coverage is in the details

Having a good grasp of car insurance aids in choosing appropriate coverage and the correct deductibles and limits. The terms used in a policy can be difficult to understand and nobody wants to actually read their policy.

Insurance for medical payments

Coverage for medical payments and/or PIP provide coverage for short-term medical expenses such as hospital visits, funeral costs, chiropractic care, doctor visits and EMT expenses. They are often used to cover expenses not covered by your health insurance plan or if you are not covered by health insurance. It covers all vehicle occupants in addition to getting struck while a pedestrian. PIP is not available in all states and gives slightly broader coverage than med pay

Comprehensive coverage (or Other than Collision)

Comprehensive insurance coverage pays for damage from a wide range of events other than collision. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for things like hitting a deer, theft, a tree branch falling on your vehicle, fire damage and falling objects. The highest amount your car insurance company will pay is the ACV or actual cash value, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

Uninsured Motorist or Underinsured Motorist insurance

Your UM/UIM coverage provides protection when the “other guys” either have no liability insurance or not enough. Covered losses include hospital bills for your injuries and also any damage incurred to your Chevy Silverado 1500.

Since a lot of drivers carry very low liability coverage limits, their limits can quickly be used up. This is the reason having UM/UIM coverage is a good idea. Most of the time these limits do not exceed the liability coverage limits.

Collision coverage protection

Collision insurance pays to fix your vehicle from damage resulting from a collision with a stationary object or other vehicle. You first must pay a deductible then your collision coverage will kick in.

Collision can pay for things such as colliding with a tree, colliding with another moving vehicle, backing into a parked car, rolling your car and damaging your car on a curb. This coverage can be expensive, so you might think about dropping it from older vehicles. It’s also possible to choose a higher deductible to get cheaper collision coverage.

Auto liability

This coverage can cover damage that occurs to a person or their property. This coverage protects you against claims from other people. Liability doesn’t cover damage sustained by your vehicle in an accident.

Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see values of 50/100/50 which stand for a limit of $50,000 per injured person, a per accident bodily injury limit of $100,000, and $50,000 of coverage for damaged propery. Occasionally you may see a combined limit which provides one coverage limit with no separate limits for injury or property damage.

Liability coverage protects against things like attorney fees, loss of income, pain and suffering, funeral expenses and bail bonds. How much liability should you purchase? That is up to you, but consider buying as large an amount as possible.