Cheaper 2009 Chevrolet Silverado 1500 Car Insurance Quotes

Feel like you’re a prisoner to an underperforming, overpriced auto insurance policy? Trust us, there are lots of people in the same boat. Drivers have multiple auto insurance companies to purchase coverage from, and though it is a good thing to have a choice, lots of choices makes it harder to find a good deal.

Smart consumers take time to price shop coverage at least once a year since rates fluctuate regularly. If you had the best price on Silverado insurance a year ago you may be paying too much now. There is a lot of bad advice regarding auto insurance on the web, but with this article, you’re going to get some solid techniques on how to stop overpaying for insurance.

Chevy Silverado 1500 rate determination is complex

Smart consumers have a good feel for the rating factors that play a part in calculating the rates you pay for insurance. Knowing what impacts premium levels allows you to make educated decisions that can help you get lower insurance prices.

  • One company can mean more discounts – Many insurers will award you with lower prices to customers who buy several policies from them such as combining an auto and homeowners policy. This can amount to five, ten or even twenty percent. Even with this discount, it’s in your best interest to compare rates to verify if the discount is saving money. You may still find better rates by splitting coverages up.
  • Special features that cut premiums – Driving a car with a theft deterrent system can save you a little every year. Anti-theft features like tamper alarm systems, vehicle immobilizer technology and General Motors OnStar all hinder car theft.
  • Your occupation can affect rates – Occupations like real estate brokers, business owners and dentists tend to have the highest average rates attributed to job stress and lots of time spent at work. Other occupations such as pilots, historians and the unemployed receive lower rates on Silverado insurance.
  • Do men or women drive better? – Statistics have proven women are more cautious behind the wheel. However, don’t assume that men are WORSE drivers than women. Women and men tend to get into accidents in similar percentages, but the men cause more damage and cost insurance companies more money. Men also statistically get more serious tickets such as DWI and reckless driving.
  • With age comes lower rates – More mature drivers tend to be more responsible, file fewer claims and receive fewer citations. Young drivers are statistically proven to get distracted easily when driving and because of this, their insurance rates are much higher.
  • Liability coverage protects you – Your policy’s liability coverage is the protection in the event that you are found to be at fault for causing damage or personal injury in an accident. Liability insurance provides legal defense which can be incredibly expensive. Liability is cheap as compared to coverage for physical damage, so do not skimp.
  • Having a spouse can save you money – Having a wife or husband can actually save you money on your policy. Having a spouse translates into being more responsible and it’s statistically proven that being married results in fewer claims.
  • Where you reside plays a part – Choosing to live in less populated areas can save you money when it comes to insurance. Fewer drivers translates into fewer accidents as well as less vandalism and auto theft. Drivers in populated areas have to deal with traffic congestion and much longer commute distances. More time on the road means higher likelihood of an accident.

How much can you save with discounts?

Insuring your vehicles can cost a lot, but companies offer discounts to cut the cost considerably. Certain discounts will be triggered automatically at the time you complete a quote, but less common discounts must be asked about before you get the savings. If you aren’t receiving every discount possible, you’re just leaving money on the table.

  • Theft Prevention Discount – Vehicles equipped with anti-theft or alarm systems help deter theft and qualify for as much as a 10% discount.
  • Anti-lock Brake System – Cars that have steering control and anti-lock brakes can reduce accidents and earn discounts up to 10%.
  • 55 and Retired – Older drivers may receive a discount up to 10% on Silverado insurance.
  • Accident Waiver – A few companies will allow you to have one accident before raising your premiums as long as you don’t have any claims for a set time period.
  • Discount for Swiching Early – Select companies give a discount for buying a policy prior to your current policy expiring. The savings is around 10%.
  • Life Insurance Discount – Larger companies have lower rates if you buy a life insurance policy as well.

Drivers should understand that some credits don’t apply the the whole policy. Some only apply to individual premiums such as comprehensive or collision. Just because it seems like all the discounts add up to a free policy, you’re out of luck. Any amount of discount will help reduce your premiums.

For a list of insurers offering insurance discounts, click here to view.

How much car insurance do I need?

When buying adequate coverage for your vehicles, there really is no single plan that fits everyone. Every situation is different so your insurance should reflect that These are some specific questions might point out if your situation would benefit from professional advice.

  • Is my teen driver covered when they drive my company car?
  • When does my teenage driver need to be added to my policy?
  • Do I need PIP (personal injury protection) coverage in my state?
  • If my pet gets injured in an accident are they covered?
  • Does my insurance cover damage caused when ticketed for reckless driving?
  • I don’t drive much so do I pay less?

If it’s difficult to answer those questions but you think they might apply to your situation then you might want to talk to a licensed agent. To find an agent in your area, fill out this quick form or you can also visit this page to select a carrier It’s fast, free and can help protect your family.

Insurance coverages explained

Having a good grasp of your policy can be of help when determining which coverages you need for your vehicles. Policy terminology can be confusing and reading a policy is terribly boring. Listed below are typical coverage types available from insurance companies.

Coverage for uninsured or underinsured drivers

This protects you and your vehicle when other motorists either are underinsured or have no liability coverage at all. It can pay for injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.

Since 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 should not be overlooked. Frequently your uninsured/underinsured motorist coverages are identical to your policy’s liability coverage.

Comprehensive insurance

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

Comprehensive can pay for things like theft, rock chips in glass, a broken windshield, damage from a tornado or hurricane and falling objects. The most your insurance company will pay is the ACV or actual cash value, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.

Coverage for medical expenses

Coverage for medical payments and/or PIP pay for short-term medical expenses such as dental work, X-ray expenses and hospital visits. They can be used to cover expenses not covered by your health insurance plan or if you lack health insurance entirely. It covers you and your occupants and also covers getting struck while a pedestrian. Personal Injury Protection is not available in all states and may carry a deductible

Collision coverage

This coverage pays for damage to your Silverado 1500 resulting from a collision with another car or object. A deductible applies then the remaining damage will be paid by your insurance company.

Collision coverage protects against claims such as sustaining damage from a pot hole, backing into a parked car and hitting a mailbox. Collision coverage makes up a good portion of your premium, so you might think about dropping it from vehicles that are older. Drivers also have the option to increase the deductible to get cheaper collision coverage.

Liability coverage

Liability insurance protects you from damages or injuries you inflict on other people or property in an accident. This insurance protects YOU from claims by other people. Liability doesn’t 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 limits of 100/300/100 that translate to a limit of $100,000 per injured person, $300,000 for the entire accident, and property damage coverage for $100,000. Another option is one limit called combined single limit (CSL) which limits claims to one amount rather than limiting it on a per person basis.

Liability insurance covers things such as attorney fees, repair bills for other people’s vehicles and medical expenses. How much coverage you buy is up to you, but buy as large an amount as possible.

A fool and his money are soon parted

You just read a lot of information how to lower your 2009 Chevy Silverado 1500 insurance rates. The key thing to remember is the more price quotes you have, the higher the chance of saving money. You may be surprised to find that the lowest premiums are with an unexpected company. These smaller insurers can often insure niche markets at a lower cost than the large multi-state companies such as Allstate and Progressive.

Cheaper insurance can be purchased online and with local insurance agents, so compare prices from both in order to have the best price selection to choose from. Some insurance providers do not offer online quoting and these regional insurance providers work with independent agents.

When trying to cut insurance costs, it’s very important that you do not buy poor coverage just to save money. In many cases, consumers will sacrifice liability coverage limits only to find out that the few dollars in savings costed them thousands. Your strategy should be to get the best coverage possible at the best price, not the least amount of coverage.

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