It’s smart to do rate comparisons yearly because prices are constantly changing. Even if you got the lowest rates two years ago you may be paying too much now. There is too much inaccurate information about car insurance on the web, but we’re going to give you the best ways to find affordable coverage for your Chevy Silverado pickup truck.
Finding Car Insurance Deals
Getting better car insurance pricing is actually quite simple. Just spend a little time to get quotes online with multiple companies. This can be accomplished using a couple different methods.
- One of the best ways to get quotes is a comparison rater form (click to open form in new window). This form prevents you from having to do repetitive form submissions for every car insurance company. Just one form will get you rate comparisons from all major companies.
- A different way to compare rate quotes is spending the time to visit each company website and request a quote. For instance, let’s assume you want to compare rates from Liberty Mutual, Farmers and Travelers. To get rate quotes you would need to visit each site to input your insurance information, which is why the first method is more popular.
For a list of links to insurance companies in your area, click here.
Which method you use is up to you, but make absolute certain that you use apples-to-apples information on every quote. If you compare different deductibles it’s impossible to determine the lowest rate for your Chevy Silverado 1500.
Why your Silverado might be costing you more
Smart consumers have a good feel for the rating factors that go into determining the price you pay for car insurance. When you know what positively or negatively determines base rates enables informed choices that may reward you with lower car insurance prices.
Your credit rating is important – Credit score is a important factor in determining what you pay for car insurance. Therefore, if your credit history is lower than you’d like, you could potentially save money when insuring your Chevrolet Silverado 1500 by improving your rating. Drivers who have high credit scores tend to be better drivers and file fewer claims than drivers with poor credit.
The type of vehicle makes a difference – The performance of the car you own makes a substantial difference in your rates. The lowest rates are for lower performance four cylinder passenger models, but there are many factors that impact the final cost. Since the Chevrolet Silverado 1500 is rated as a pickup truck, insuring your vehicle will cost similar in price than the average rate where you live.
Tickets mean higher rates – Just one speeding ticket can boost insurance rates forty percent or more. Careful drivers have lower premiums than bad drivers. Drivers who have serious citations such as reckless driving, hit and run or driving under the influence may need to file a proof of financial responsibility form (SR-22) with their state DMV in order to continue driving.
Optional equipment can affect rates – Purchasing a vehicle with an alarm system can help lower your rates. Anti-theft features like tamper alarm systems, vehicle immobilizer technology and General Motors OnStar all aid in stopping your vehicle from being stolen.
Lower deductibles cost more – Physical damage coverage, commonly called comprehensive (or other-than-collision) and collision coverage, is used to repair damage to your Chevy. Some instances where coverage would apply could be a windshield shattered by a rock, damage caused by hail, and burglary. Physical damage deductibles are how much you are willing to pay in the event of a claim. The more money you are required to pay out-of-pocket, the bigger discount you will receive.
When might I need help?
When it comes to buying adequate coverage for your personal vehicles, there really is no “best” method to buy coverage. Everyone’s situation is a little different so your insurance needs to address that. For example, these questions can help discover whether or not your insurance needs will benefit from professional help.
- How much liability coverage do I need my state?
- Can I get a multi-policy discount for packaging my home and auto coverage?
- Am I covered when driving in Canada or Mexico?
- Should I buy additional glass protection?
- Does my personal policy cover me when driving my company car?
- Do I need special endorsements for business use of my vehicle?
- Does my insurance cover a custom paint job?
- Does my policy cover me when driving someone else’s vehicle?
If you can’t answer these questions but you think they might apply to your situation then you might want to talk to a licensed insurance agent. To find lower rates from a local agent, simply complete this short form. It only takes a few minutes and can provide invaluable advice.
Advertising myths
Consumers get pounded daily by advertisements for car insurance savings by Allstate and Progressive. They all seem to make the same claim of big savings if you switch to their company.
But how can every company make almost identical claims? Here’s how they do it.
All companies have a preferred profile for the driver that earns them a profit. An example of a desirable insured could possibly be over the age of 50, owns a home, and has a high credit rating. A customer getting a price quote who matches those parameters will get very good rates and therefore will save a lot of money.
Potential customers who don’t qualify for this ideal profile will have to pay a higher premium which leads to the driver buying from a lower-cost company. The ads say “customers that switch” not “everyone that quotes” save that much. This is how insurance companies can confidently advertise the savings. Because of the profiling, it’s extremely important to quote coverage with many companies. Because you never know which insurance companies will give you the biggest savings.
Summing up your car insurance search
Lower priced Chevy Silverado insurance can be found online and also from your neighborhood agents, and you should be comparing both so you have a total pricing picture. Independent agents can write coverage with smaller companies who may not provide you the ability to get quotes online.
We’ve covered many ways to shop for Silverado insurance online. The key thing to remember is the more quotes you get, the higher your chance of finding lower rates. Drivers may discover the biggest savings come from some of the smallest insurance companies. They may have significantly lower rates on certain market segments as compared to the big name companies such as State Farm, GEICO and Nationwide.
When trying to cut insurance costs, do not buy less coverage just to save a little money. Too many times, consumers will sacrifice comprehensive coverage or liability limits to discover at claim time that they should have had better coverage. Your aim should be to find the BEST coverage at a price you can afford.
