Save on 2008 Chevrolet Silverado 1500 Insurance Rates

Searching for cheaper auto insurance rates for your Chevrolet Silverado 1500? Using the web to shop for auto insurance can be a challenge if you have never used online quoting. But don’t let that discourage you because comparing prices is actually very simple.

It’s a great practice to compare rates before your policy renews since rates are usually higher with each renewal. Even if you think you had the lowest price for Silverado insurance last year the chances are good that you can find a lower rate today. Don’t believe everything you read about auto insurance on the internet, so we’re going to give you the easiest ways to save money.

Comprehensive Auto Insurance Comparison

Comparing auto insurance rates can take time and effort if you don’t understand the most efficient way to do it. You can waste hours driving to local insurance agents in your area, or you could save time and use the web to get prices fast.

All the larger companies belong to an insurance system where prospective buyers enter their policy data once, and at least one company can provide price quotes based on that information. This prevents consumers from doing quote forms for every auto insurance company. To find out how much you can save on auto insurance click here (opens in new window).

The single downside to comparing rates this way is that consumers can’t choose which companies you want pricing from. So if you want to choose specific insurance companies for rate comparison, we have a page of auto insurance companies in your area. Click here for list of insurance companies.

Which method you use is up to you, but make sure you use apples-to-apples information for every company. If you compare differing limits it’s not possible to determine the lowest rate for your Chevy Silverado 1500. Quoting even small variations in insurance coverages can mean a large discrepancy in price. And when price shopping your coverage, comparing a large number of companies will improve the odds of getting lower pricing.

Do you qualify for a discount?

Insurance can cost an arm and a leg, but you may find discounts to cut the cost considerably. Certain discounts will be applied at the time you complete a quote, but a few need to be asked for prior to receiving the credit.

• Payment Method – If you pay your bill all at once rather than paying monthly you could save 5% or more.
• Air Bag Discount – Vehicles equipped with air bags may earn rate discounts of 20% or more.
• Multiple Policy Discount – When you combine your home and auto insurance with the same insurance company you may earn at least 10% off all policies.
• Anti-lock Brake Discount – Anti-lock brake equipped vehicles prevent accidents and qualify for as much as a 10% discount.
• Senior Discount – If you qualify as a senior citizen, you may qualify for better auto insurance rates for Silverado insurance.
• Multiple Cars – Insuring all your vehicles on one policy can get a discount on all vehicles.
• Early Switch Discount – Some companies give discounts for buying a policy before your current policy expires. It’s a savings of about 10%.

As a disclaimer on discounts, some of the credits will not apply the the whole policy. A few only apply to the cost of specific coverages such as liability, collision or medical payments. Even though it may seem like all the discounts add up to a free policy, it doesn’t quite work that way. But all discounts will help reduce your premiums.

To see a list of insurance companies with discount auto insurance rates, click here.

What coverages do I need?

When it comes to choosing coverage for your vehicles, there isn’t really a “perfect” insurance plan. Your needs are not the same as everyone else’s.

These are some specific questions can help discover if your insurance needs could use an agent’s help.

• Is my camper covered by my car insurance policy?
• Do I need replacement cost coverage?
• Are rock chip repairs covered?
• Why am I be forced to buy a membership to get insurance from some companies?
• Can I rate high risk drivers on liability-only vehicles?
• What is roadside assistance coverage?
• Am I covered when renting a car or should I buy coverage from the car rental agency?

If you can’t answer these questions but you know they apply to you, you may need to chat with a licensed insurance agent. If you don’t have a local agent, simply complete this short form.

Coverages available on your car insurance policy

Understanding the coverages of car insurance can be of help when determining appropriate coverage and the correct deductibles and limits. Policy terminology can be ambiguous and reading a policy is terribly boring.

Uninsured/Underinsured Motorist coverage – This coverage provides protection when other motorists either are underinsured or have no liability coverage at all. Covered losses include hospital bills for your injuries as well as your vehicle’s damage.

Since many drivers carry very low liability coverage limits, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is important protection for you and your family. Normally these limits are identical to your policy’s liability coverage.

Collision – This pays to fix your vehicle from damage caused by collision with a stationary object or other vehicle. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision coverage pays for claims such as damaging your car on a curb, sustaining damage from a pot hole and rolling your car. Collision coverage makes up a good portion of your premium, so consider removing coverage from older vehicles. Another option is to increase the deductible to save money on collision insurance.

Medical payments coverage and PIP – Personal Injury Protection (PIP) and medical payments coverage pay for short-term medical expenses for doctor visits, chiropractic care, surgery, X-ray expenses and hospital visits. They are often used in conjunction with a health insurance policy or if you lack health insurance entirely. Coverage applies to not only the driver but also the vehicle occupants and will also cover being hit by a car walking across the street. Personal Injury Protection is not available in all states and gives slightly broader coverage than med pay

Comprehensive coverage – Comprehensive insurance covers damage from a wide range of events other than collision. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against things like fire damage, hitting a deer, damage from flooding, hail damage and damage from getting keyed. The highest amount 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.

Liability insurance – Liability coverage will cover injuries or damage you cause to people or other property that is your fault. It protects you from legal claims by others. It does not cover your injuries or vehicle damage.

Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show policy limits of 100/300/100 which means $100,000 bodily injury coverage, a total of $300,000 of bodily injury coverage per accident, and a limit of $100,000 paid for damaged property. Alternatively, you may have one number which is a combined single limit which combines the three limits into one amount without having the split limit caps.

Liability insurance covers claims such as repair costs for stationary objects, pain and suffering and attorney fees. The amount of liability coverage you purchase is your choice, but you should buy as much as you can afford.