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Chevrolet Silverado 1500 Insurance Cost

There are many options when shopping for car insurance for your Chevrolet vehicle. You can buy direct from a local agent or get quotes online to compare pricing from multiple insurance companies. Shopping for car insurance on the web saves time, is easy to do and there is a good chance you might just save a little.

Comparing car insurance rates direct online can be a challenge if you are a beginner to online quotes. Don't let that stop you because comparing prices is actually very simple. When shopping for car insurance there are multiple ways of comparing rates from local car insurance companies. By far the easiest way to find the lowest Silverado 1500 insurance rates consists of shopping online. This can be accomplished by visiting this page.

Auto insurance rates for your Chevrolet Silverado 1500 can vary widely and are calculated by many factors. Some of these factors include:

  • High performance increases premiums
  • Any accidents you may have
  • Whether you insure your home with the same company
  • Pleasure, commuting or business use can affect rates
  • Your birth date
  • Being married can lower rates
  • Extra coverages like towing and rental
  • What you do for a living
  • Your coverage level
  • Whether you own your home

A final factor that will help determine Silverado 1500 insurance cost is the model year. Older cars and trucks cost less in comparison to older models so the payout to repair may end up costing you less. On the flip side, newer vehicles may have a trim level with safety features like a telematics system, blind-spot warning system, and sideview assist mirrors which can provide discounts that lower premiums.

For you to have a better understanding of how much rates will be for your vehicle, select the year of your Silverado 1500 below.

Liability car insurance

This can cover damage that occurs to other's property or people by causing an accident. Liability coverage pays for things like legal defense fees, bail bonds, and repair bills for other people's vehicles. It is cheap coverage so consider buying higher limits if possible.

Collision insurance

Collision coverage covers damage to your Chevrolet resulting from colliding with another car or object. You will need to pay your deductible then the remaining damage will be paid by your insurance company. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from vehicles that are older. Another option is to bump up the deductible to get cheaper Silverado 1500 insurance cost.

Comprehensive car insurance

Comprehensive insurance coverage will pay to fix damage OTHER than collision with another vehicle or object. You first must pay your deductible and the remainder of the damage will be paid by your Chevrolet Silverado 1500 comprehensive insurance. The maximum payout you'll receive from a claim is the cash value of the vehicle, so if the vehicle is not worth much it's probably time to drop comprehensive insurance.

Uninsured/Underinsured Motorist (UM/UIM)

Your UM/UIM coverage gives you protection when other motorists either are underinsured or have no liability coverage at all. Due to the fact that many drivers only purchase the least amount of liability that is required, it doesn't take a major accident to exceed their coverage limits. That's why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family.

Coverage for medical expenses

Coverage for medical payments and/or PIP kick in for short-term medical expenses (i.e. nursing services, prosthetic devices, and dental work). The coverages can be utilized in addition to your health insurance policy or if you lack health insurance entirely. PIP coverage is not an option in every state but can be used in place of medical payments coverage.

How Much are Chevrolet Silverado 1500 Insurance Rates?