2012 Chevrolet Silverado 1500 Car Insurance Rates – 6 Savings Tips

Nobody likes having to buy insurance coverage, especially knowing they are paying too much. Because you have many options when it comes to insurance coverage, it’s difficult to locate the most cost effective provider.

It’s smart to compare prices once or twice a year because prices go up and down regularly. Even if you got the best deal on Silverado insurance a few years ago there may be better deals available now. Forget all the misinformation about insurance coverage because you’re about to find out the right way to eliminate unnecessary coverages and save money.

Buying car insurance is easy if you know what you’re doing. If you are paying for car insurance now, you will most likely be able to cut costs considerably using this strategy. Drivers just need to understand the most efficient way to shop for car insurance online.

Policy discounts you shouldn’t miss

Car insurance companies don’t list every available discount in an easy-to-find place, so we break down some of the best known and the more hidden savings tricks you should be using. If they aren’t giving you every credit possible, you are throwing money away.

  • Theft Prevention Discount – Anti-theft and alarm systems can help prevent theft and will save you 10% or more.
  • Anti-lock Brakes – Anti-lock brake equipped vehicles prevent accidents and will save you 10% or more.
  • New Vehicle Savings – Putting insurance coverage on a new car can be considerably cheaper because new vehicles have to meet stringent safety requirements.
  • Resident Student – Youth drivers living away from home attending college and don’t have a car may be able to be covered for less.
  • Defensive Driving Course – Taking part in a driver safety course can save you 5% or more depending on where you live.
  • Passive Restraints and Air Bags – Cars that have air bags or automatic seat belts can qualify for discounts up to 30%.

As a disclaimer on discounts, many deductions do not apply to your bottom line cost. The majority will only reduce individual premiums such as collision or personal injury protection. Just because it seems like all the discounts add up to a free policy, you’re out of luck.

To see a list of companies who offer insurance coverage discounts, click this link.

Insurance agents can help

When choosing the best auto insurance coverage, there is no one size fits all plan. Your needs are not the same as everyone else’s so your insurance needs to address that. Here are some questions about coverages that may help you determine if you may require specific advice.

  • Does coverage extend to Mexico or Canada?
  • Can I get a multi-policy discount?
  • Does medical payments coverage apply to all occupants?
  • Why is insurance for a teen driver so high?
  • Is my Chevy Silverado 1500 covered if I use it for business?
  • When can I cancel my policy?
  • Should I buy additional glass protection?
  • What is the difference between comprehensive and collision coverage?
  • Do I pay less if my vehicle is kept in my garage?
  • Are split liability limits better than a combined single limit?

If it’s difficult to answer those questions but a few of them apply, then you may want to think about talking to a licensed agent. To find lower rates from a local agent, fill out this quick form or you can also visit this page to select a carrier It’s fast, doesn’t cost anything and can provide invaluable advice.

Auto insurance coverage considerations

Understanding the coverages of auto insurance helps when choosing appropriate coverage and proper limits and deductibles. Policy terminology can be difficult to understand and even agents have difficulty translating policy wording. Below you’ll find the normal coverages found on the average auto insurance policy.

Medical payments coverage and PIP

Personal Injury Protection (PIP) and medical payments coverage kick in for expenses for funeral costs, X-ray expenses, doctor visits and prosthetic devices. 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 in addition to being hit by a car walking across the street. PIP coverage is not an option in every state and gives slightly broader coverage than med pay

Collision protection

Collision coverage pays to fix your vehicle from damage caused by collision with a stationary object or other vehicle. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision insurance covers claims such as crashing into a building, colliding with a tree and colliding with another moving vehicle. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from lower value vehicles. You can also choose a higher deductible in order to get cheaper collision rates.

Liability coverage

This can cover damage or injury you incur to people or other property in an accident. It protects you against other people’s claims. It does not cover damage sustained by your vehicle in an accident.

It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. You might see liability limits of 50/100/50 that means you have $50,000 bodily injury coverage, a per accident bodily injury limit of $100,000, and a total limit of $50,000 for damage to vehicles and property.

Liability coverage pays for claims like emergency aid, loss of income, repair costs for stationary objects and court costs. The amount of liability coverage you purchase is up to you, but buy as much as you can afford.

Uninsured/Underinsured Motorist coverage

This protects you and your vehicle when the “other guys” either have no liability insurance or not enough. This coverage pays for hospital bills for your injuries and also any damage incurred to your 2012 Chevy Silverado 1500.

Since a lot of drivers have only the minimum liability required by law, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is important protection for you and your family.

Comprehensive coverage

This coverage covers damage from a wide range of events other than collision. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive insurance covers things like damage from getting keyed, hitting a deer and hitting a bird. The most your auto insurance company will pay 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.

Final considerations

As you go through the steps to switch your coverage, make sure you don’t skimp on coverage in order to save money. In many instances, someone sacrificed liability coverage limits only to discover later that the savings was not a smart move. Your strategy should be to buy enough coverage at a price you can afford.

The cheapest 2012 Chevy Silverado 1500 insurance is available both online and with local insurance agents, so compare prices from both in order to have the best price selection to choose from. Some insurance companies do not offer online price quotes and most of the time these small, regional companies sell through independent agents.

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