How to Save on Insurance for your Chevrolet Silverado 1500
If finding cheaper car insurance was fun, we'd make the time to do it regularly. But we always seem to pay too much for coverage and most people would rather go to the dentist. You might feel the same pain when having to pay the bill on your Chevrolet Silverado 1500.
Step One: Compare Apples-to-Apples Quotes
In years past, the only way to purchase car insurance was to visit the office of a local agent. Thanks to the internet, insurance shopping is a whole lot easier!
All the major car insurance companies sell insurance for a Chevrolet Silverado 1500 and you don't even have to visit each individual website!
To find affordable coverage for your Chevrolet Silverado 1500, the first step is to click the link below and complete the short form.
Important! If you already have liability and physical damage coverage on your Silverado 1500, it's important to keep the same limits and deductibles throughout the quote process. This allows you to fairly compare rates for many companies. If you use different limits and coverages for each quote, you won't be able to judge if the final rate is better or worse than other quotes.
Step Two: Techniques to Lower your Silverado 1500 Insurance Rates
There are many factors that actually determine what you will pay for insurance, and some are completely within your control.
- Check your credit rating each year and address any problem areas. Higher credit scores mean lower car insurance rates.
- If you've recently completed a driver's training or safety course, tell your insurance company. You may qualify for a 5-10% discount.
- Having any gaps in coverage (known as a lapse) is bad in the eyes of any insurance company. Make sure you keep coverage in force at all times by synchronizing the expiration and effective dates of your policies.
- Renting a house or apartment rather than owning a home may keep you from paying the lowest rates on car insurance. Home ownership is viewed as being more financially responsible than renting.
- Insurance companies often give discounts to senior citizens and professional organizations, so if you're one of those, check to see if you qualify.
- If you carry full coverage on your vehicle, you can slash your rates by increasing your comprehensive and collision deductibles. You'll pay more out-of-pocket but you will save with every renewal.
- Teenage drivers can be very expensive to insure on newer vehicles will full coverage. You may be better off purchasing an older vehicle for your teenager and only insure it for liability.
- Most of us have received a ticket at one time or another. If you get a ticket for a minor violation, find out if there is a safe driving class you can take to keep the ticket off your driving record.
- Equipping your Chevrolet with available safety features such as air bags and passive restraints allows you to take advantage of additional discounts.
- A claim-free discount can help keep your rates down, so don't file claims that are only marginally more than your deductible. You're better off keeping the discount.
- Vehicles that tend to get stolen or have high repair costs will cost you more to insure. If your Silverado 1500 falls into either category, it could cost you.
Step Three: Choose the Right Company for You
Car insurance is pretty easy to buy online, but you do need to be aware that it is a legally binding contract. You need to have funds available for a down payment as well as review your coverages for any insufficiencies.
Car insurance policies don't have to be cancelled at the renewal date, but just be sure the new policy starts the same day you cancel your old policy. This avoids any gaps in coverage between policies.
If you already have a car insurance policy, then your Chevrolet Silverado 1500 will be covered as soon as your purchase it. If this is your first vehicle, you will want to make sure you have coverage in place as soon as your purchase it. If you have a current policy and you only carry liability coverage, then that's the only coverage that will automatically extend to your Silverado 1500. But if you currently carry full coverage, comprehensive and collision coverage will extend to your new vehicle.
Be sure to replace any old proof-of-insurance cards in your car. You must always have the current card in your vehicle as required by state law. If your state requires you to file an SR-22 for being a high-risk driver, make sure your new company is aware of this requirement. Failure to comply can result in loss of your driver's license.
More Insurance Buying Tips
For more information on car insurance, please visit the Insurance Information Institute's auto insurance informational page.
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