Lower Your 2013 Chevrolet Silverado 1500 Insurance Cost

Trying to find the cheapest insurance coverage rates for your Chevrolet Silverado 1500? Sick and tired of not being able to afford to pay your car insurance bill each month? You are in the same boat as many other drivers.

Companies like Allstate and Progressive all claim big savings with advertising and it is difficult to see through the cute green geckos and mayhem and do the work needed to find the best deal.

You need to compare prices before your policy renews since insurance rates go up and down regularly. Just because you had the best rates for Silverado insurance a year ago you can probably find a lower rate today. Don’t believe everything you read about insurance coverage online but by reading this article, you’re going to learn some great ideas on how to slash your insurance coverage rates.

If you currently have a car insurance policy, you will be able to lower your premiums substantially using these tips. Finding affordable coverage is easy if you know what you’re doing. But consumers do need to understand the methods companies use to price insurance differently.

Quick Insurance Quotes

Comparing insurance rates can be challenging if you aren’t aware of the most efficient way. You could waste a few hours talking to local insurance agents in your area, or you can utilize the internet to achieve your goal.

Many companies are enrolled in a marketplace where prospective buyers only type in their quote data once, and each participating company returns a competitive quote determined by their information. This eliminates the need for quotation requests for every insurance company. To participate in this free quote system, click here (opens in new window).

The one disadvantage to using this type of system is that consumers can’t choose which providers you will receive quotes from. So if you want to select specific insurance companies to compare prices, we have a page of the cheapest insurance companies in your area. Click here for list of insurance companies.

Which method you use is up to you, but compare the exact same coverages and limits with every price quote. If the quotes have higher or lower deductibles it will be next to impossible to truly determine the lowest rate. Just a small difference in coverages can result in a big premium difference. Just keep in mind that comparing more company’s prices helps you find the best offered rates.

Factors that can influence Chevy Silverado 1500 insurance rates

Smart consumers have a good feel for some of the elements that play a part in calculating your car insurance rates. Understanding what impacts premium levels allows you to make educated decisions that will entitle you to big savings.

  • Rates may be lower depending on your job – Careers like doctors, business owners and accountants have higher rates than average due to job stress and long work hours. On the flip side, professions such as pilots, athletes and retirees get better rates for Silverado insurance.
  • Pay less after the wedding – Being married actually saves money when buying car insurance. It usually means you are more mature and it’s statistically proven that married couples file fewer claims.
  • Men are more aggressive – Statistics show that men are more aggressive behind the wheel. Now that doesn’t mean men are worse drivers. Both sexes tend to get into accidents at a similar rate, but men tend to have more serious accidents. Men also get cited for more serious violations such as DWI and reckless driving.
  • Low deductibles can be expensive – Your deductibles define the amount you are required to spend out-of-pocket before a claim is paid by your company. Physical damage insurance, also known as collision and other-than-collision, covers damage that occurs to your car. Some instances where coverage would apply are running into the backend of another car, vandalism, and rolling your vehicle. The more you are required to pay out-of-pocket, the lower your rates will be for Silverado insurance.
  • With age comes lower rates – Young drivers are statistically proven to be less responsible behind the wheel so car insurance rates are higher. If you’ve ever had to add a youthful driver onto a policy can break the bank. Older drivers tend to be more responsible, tend to file fewer claims and are safer drivers.
  • Too many car insurance claims drive up costs – If you are a frequent claim filer, you can definitely plan on either policy cancellation or increased premiums. Insurance companies provide cheaper rates to insureds who file claims infrequently. Your insurance policy is intended for major claims that would cause financial hardship.
  • Multiple policies with one company can save – The majority of car insurance companies will award you with lower prices to people who consolidate policies with them. It’s known as a multi-policy discount. This can amount to ten or even up to twenty percent in some cases. Even with this discount, you still need to compare other company rates to make sure you are getting the best deal. Consumers may find better rates by splitting coverages up.

Don’t overlook these discounts

Companies offering auto insurance don’t always list every available discount very clearly, so we researched some of the best known and the harder-to-find ways to save on car insurance.

  • Early Signing – Some companies give discounts for switching policies prior to your current policy expiring. This can save 10% or more.
  • Good Students Pay Less – Getting good grades can be rewarded with saving of up to 25%. Earning this discount can benefit you until age 25.
  • Clubs and Organizations – Belonging to a qualifying organization may earn a discount on car insurance for Silverado insurance.
  • Life Insurance – Some companies give a discount if you purchase life insurance.
  • Lower Rates for Military – Having a deployed family member can result in better rates.
  • Passive Restraint Discount – Vehicles with factory air bags or motorized seat belts can qualify for discounts of 20% or more.
  • More Vehicles More Savings – Buying insurance for multiple cars or trucks on one policy may reduce the rate for each vehicle.
  • Anti-theft Discount – Anti-theft and alarm systems help deter theft and therefore earn up to a 10% discount.

A little note about advertised discounts, most discounts do not apply to your bottom line cost. Some only reduce specific coverage prices like physical damage coverage or medical payments. Just because you may think having all the discounts means you get insurance for free, companies wouldn’t make money that way.

For a list of providers with the best car insurance discounts, click here.

Is my situation unique?

When it comes to buying adequate coverage for your personal vehicles, there really is not a cookie cutter policy. Everyone’s situation is unique so your insurance needs to address that. For example, these questions may help highlight if your situation would benefit from professional advice.

  • Can I get a multi-policy discount for packaging my home and auto coverage?
  • Is there coverage for injuries to my pets?
  • Should I file a claim if it’s only slightly more than my deductible?
  • What is roadside assistance coverage?
  • How many claims can I have before being cancelled?
  • Do I have coverage for damage caused while driving under the influence?

If you’re not sure about those questions but you know they apply to you then you might want to talk to a licensed agent. If you don’t have a local agent, complete this form or you can also visit this page to select a carrier

What auto insurance coverages do you need?

Learning about specific coverages of auto insurance can help you determine the right coverages and proper limits and deductibles. The terms used in a policy can be difficult to understand and even agents have difficulty translating policy wording. These are the usual coverages found on the average auto insurance policy.

Medical expense coverage

Med pay and PIP coverage pay for expenses such as doctor visits, X-ray expenses and rehabilitation expenses. They are utilized in addition to your health insurance policy or if you lack health insurance entirely. It covers you and your occupants and also covers if you are hit as a while walking down the street. Personal Injury Protection is not an option in every state but it provides additional coverages not offered by medical payments coverage

Comprehensive protection

Comprehensive insurance coverage will pay to fix damage that is not covered by collision coverage. You first must pay your deductible then your comprehensive coverage will pay.

Comprehensive insurance covers claims like a broken windshield, vandalism, falling objects and rock chips in glass. The maximum amount you can receive from a comprehensive claim is the ACV or actual cash value, so if the vehicle’s value is low consider removing comprehensive coverage.

Auto liability

This can cover damage or injury you incur to other people or property. This coverage 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. As an example, you may have liability limits of 25/50/25 which means $25,000 bodily injury coverage, a per accident bodily injury limit of $50,000, and a total limit of $25,000 for damage to vehicles and property.

Liability insurance covers claims like bail bonds, court costs, attorney fees, repair costs for stationary objects and pain and suffering. How much liability should you purchase? That is a decision to put some thought into, but it’s cheap coverage so purchase as much as you can afford.

Collision coverage

This coverage pays for damage to your Silverado 1500 resulting from colliding with another car or object. You have to pay a deductible and then insurance will cover the remainder.

Collision insurance covers claims such as driving through your garage door, sustaining damage from a pot hole, hitting a parking meter, hitting a mailbox and rolling your car. Collision coverage makes up a good portion of your premium, so consider removing coverage from lower value vehicles. You can also raise the deductible to save money on collision insurance.

Uninsured or underinsured coverage

Uninsured or Underinsured Motorist coverage protects you and your vehicle when other motorists are uninsured or don’t have enough coverage. It can pay for injuries sustained by your vehicle’s occupants and damage to your Chevy Silverado 1500.

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

Shop Smart and Save

Discount 2013 Chevy Silverado 1500 insurance can be purchased online in addition to many insurance agents, so you should compare both so you have a total pricing picture. There are still a few companies who do not provide the ability to get a quote online and usually these smaller companies provide coverage only through local independent agents.

We just covered quite a bit of information on how to get a better price on insurance. The key concept to understand is the more providers you compare, the better your comparison will be. Consumers could even find that the lowest premiums are with an unexpected company. They may only write in your state and offer lower rates than the large multi-state companies such as State Farm and Allstate.

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