2007 Chevrolet Silverado 1500 Car Insurance Quotes – 6 Discounts for Best Rates

Consumers have options when looking for affordable Chevy Silverado 1500 insurance. You can either spend your time driving around trying to get quotes or leverage the internet to compare rates. There are both good and bad ways to compare insurance coverage rates so you’re going to learn the absolute fastest way to get price quotes on a Chevy and get the lowest possible price either online or from local insurance agents.

Verify you’re getting all your discounts

Auto insurance companies don’t always advertise all available discounts very clearly, so the following is a list of both well-publicized and the more hidden savings tricks you should be using. If you’re not getting every credit you qualify for, you’re paying more than you need to.

  • Senior Citizens – If you qualify as a senior citizen, you can possibly qualify for a small decrease in premiums for Silverado coverage.
  • Fewer Miles Equal More Savings – Fewer annual miles on your Chevy could be rewarded with a substantially lower rate.
  • Multiple Vehicles – Having multiple vehicles on one policy qualifies for this discount.
  • Life Insurance – Larger companies have lower rates if you buy a life insurance policy as well.
  • Drive Safe and Save – Drivers who avoid accidents can get discounts for up to 45% lower rates for Silverado coverage than drivers with accidents.
  • Club Memberships – Participating in a qualifying organization may earn a discount when buying insurance coverage for Silverado coverage.

Drivers should understand that some credits don’t apply to the entire cost. A few only apply to the price of certain insurance coverages like medical payments or collision. Just because it seems like having all the discounts means you get insurance for free, companies don’t profit that way.

Insurance companies that possibly offer these benefits are:

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

Don’t believe everything you hear

Consumers can’t get away from ads for the lowest price auto insurance from the likes of State Farm and Allstate. All the companies say the same thing of big savings after switching your coverage to them.

But how can every company make almost identical claims? It’s all in the numbers.

All the different companies have a preferred profile for the driver they prefer to insure. For instance, a driver they prefer might be between the ages of 30 and 50, has no driving citations, and has excellent credit. Any driver who meets those qualifications will get very good rates and is almost guaranteed to save quite a bit of money when switching.

Potential insureds who don’t meet the requirements will be charged a more expensive rate which usually ends up with business going elsewhere. The ad wording is “people who switch” not “people who quote” save that kind of money. That’s why insurance companies can claim big savings. That is why drivers should get as many quotes as possible. Because you never know the company that will fit your personal profile best.

When should I talk to an agent?

When it comes to choosing the right insurance coverage for your personal vehicles, there isn’t really a perfect coverage plan. Everyone’s situation is unique.

For example, these questions might help in determining if your situation may require specific advice.

  • Is my Chevy Silverado 1500 covered if I use it for business?
  • Are my friends covered when driving my 2007 Chevy Silverado 1500?
  • Does my policy cover my teen driver if they drive my company car?
  • When should I not file a claim?
  • When should I drop full coverage on my 2007 Chevy Silverado 1500?
  • Am I covered when pulling a rental trailer?
  • Will I lose any money if I cancel my policy before it expires?
  • Am I covered by my spouse’s policy after a separation?
  • Should I have combined single limit or split liability limits?
  • How much liability insurance is required?

If it’s difficult to answer those questions, you may need to chat with a licensed insurance agent. To find lower rates from a local agent, take a second and complete this form. It is quick, free and may give you better protection.

Learn about insurance coverages for a Chevy Silverado 1500

Having a good grasp of insurance can be of help when determining appropriate coverage and proper limits and deductibles. Policy terminology can be difficult to understand and coverage can change by endorsement.

Collision coverages – Collision coverage pays for damage to your Silverado 1500 resulting from a collision with another car or object. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision coverage pays for things like crashing into a ditch, sustaining damage from a pot hole and driving through your garage door. Collision is rather expensive coverage, so consider removing coverage from older vehicles. Another option is to raise the deductible to save money on collision insurance.

Liability coverage – Liability insurance protects you from damage that occurs to other’s property or people. It protects YOU from claims by other people. It does not cover damage to your own property or vehicle.

Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. Your policy might show limits of 100/300/100 which stand for $100,000 bodily injury coverage, $300,000 for the entire accident, and property damage coverage for $100,000.

Liability insurance covers things like pain and suffering, medical services and court costs. How much liability coverage do you need? That is a decision to put some thought into, but you should buy as much as you can afford.

UM/UIM (Uninsured/Underinsured Motorist) coverage – This protects you and your vehicle’s occupants when other motorists either have no liability insurance or not enough. This coverage pays for injuries sustained by your vehicle’s occupants and also any damage incurred to your Chevy Silverado 1500.

Due to the fact that many drivers only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages is very important.

Medical payments and PIP coverage – Med pay and PIP coverage kick in for bills such as chiropractic care, dental work, prosthetic devices and hospital visits. They can be utilized in addition to your health insurance program or if you lack health insurance entirely. It covers not only the driver but also the vehicle occupants as well as if you are hit as a while walking down the street. PIP coverage is only offered in select states and may carry a deductible

Comprehensive auto coverage – This will pay to fix damage OTHER than collision with another vehicle or object. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for claims like hitting a deer, a tree branch falling on your vehicle, rock chips in glass, damage from flooding and hitting a bird. The highest amount a insurance company will pay at claim time is the ACV or actual cash value, so if the vehicle’s value is low it’s not worth carrying full coverage.

Do the work, save more money

Affordable 2007 Chevy Silverado 1500 insurance is possible on the web and also from your neighborhood agents, and you should be comparing both in order to have the best chance of saving money. Some insurance companies may not provide the ability to get a quote online and these small insurance companies work with independent agents.

We covered quite a bit of information on how to compare insurance prices online. The most important thing to understand is the more companies you get rates for, the better your chances of lowering your rates. Consumers could even find that the lowest priced insurance coverage comes from the smaller companies.

As you go through the steps to switch your coverage, don’t be tempted to skimp on coverage in order to save money. In many instances, drivers have reduced uninsured motorist or liability limits and discovered at claim time that a couple dollars of savings turned into a financial nightmare. The ultimate goal is to buy a smart amount of coverage at an affordable rate while not skimping on critical coverages.

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