2006 Chevrolet Silverado 1500 Insurance Rates – 9 Tips for Cheaper Quotes

Did a good deal turn out to be overpriced insurance coverage? It’s quite common and many drivers have buyer’s remorse.

You have so many insurance companies to buy insurance from, and though it is a good thing to have multiple companies, it can be more difficult to find the best rates.

It’s a great practice to check insurance coverage prices as often as possible since rates go up and down regularly. Despite the fact that you may have had the lowest rate for Silverado insurance a year ago you will most likely find a better price today. Block out anything you think you know about insurance coverage because you’re going to learn the best methods to remove unneeded coverages and save money.

Finding the best rates is quite easy. Essentially anyone who has to buy auto insurance will be able to lower their premiums. But car owners must learn the way insurance companies compete online and apply this information to your search.

Shop auto insurance online

All major auto insurance companies make it easy to get coverage price quotes online. Comparing rates online is pretty easy as you simply type in into the form. Behind the scenes, their rating system collects your driving and credit reports and returns a price quote based on these factors. Online price estimates makes comparing rates easy, but the time required to go to each company’s website and repetitively type in the same information is a big time waster. But it’s absolutely necessary to compare as many rates as possible if you want to get a better rate.

The better way to compare rates

A better way to find better auto insurance pricing is to use a quote form to get prices from several different companies. The form is fast, helps eliminate reptitive entry, and makes price shopping online much simpler. After sending the form, it is rated with multiple companies and you can pick any of the quotes returned. If you find a better price you can simply submit the application and purchase coverage. The entire process takes less than 15 minutes and can result in significant savings.

To save time and compare pricing, simply click here to open in new window and fill out the form. If you have a policy now, it’s recommended that you enter the insurance coverages just like they are on your policy. This helps ensure you will be getting rate comparison quotes for similar insurance coverage.

But the ad said I’d save 15% in 15 minutes!

Companies like Allstate and Progressive regularly use ads on TV and radio. They all make the same claim that people will save if you move to their company. That’s great but how can every company give you a lower rate? This is the way they can do it.

Different companies look for specific characteristics for the type of driver that will add to their bottom line. One example of a profitable risk profile should be a mature driver, has no tickets, and drives a car with an anti-theft system. Any person who meets those qualifications will qualify for the lowest rates and will pay quite a bit less when switching companies.

Consumers who are not a match for these standards must pay higher rates which leads to the customer not purchasing. The trick is to say “drivers who switch” not “all people who quote” save that much. That is how companies can state the savings. Each company has different criteria, so drivers should quote coverage with many companies. Because you cannot predict which insurance companies will give you the biggest savings.

Verify you’re applying every discount

Insurance can cost an arm and a leg, but there’s a good chance there are discounts that may help make it more affordable. Many discounts should be triggered when you quote, but occassionally some discounts must be manually applied before you get the savings.

• Seat Belt Usage – Forcing all vehicle occupants to buckle up before driving may be able to save a few bucks off the personal injury premium cost.
• College Student Discount – Youth drivers who are enrolled in a college that is more than 100 miles from home and won’t have access to an insured vehicle may be able to be covered for less.
• Telematics Discount – Insureds that choose to allow their insurance company to track driving patterns by using a telematics device in their vehicle such as Snapshot from Progressive or Drivewise from Allstate might see lower rates as long as they are good drivers.
• Home Ownership Discount – Owning your own home or condo can save a few bucks since home ownership requires a higher level of personal finance.
• Claim-Free Discount – Drivers who don’t have accidents can save substantially in comparison to policyholders that have many claims.
• Drive Safe and Save – Drivers who avoid accidents could pay up to 40% less for Silverado insurance than drivers with accidents.
• Federal Employees – Federal government employees may qualify for a discount when you quote insurance coverage for Silverado insurance but check with your company.
• Air Bags and Passive Restraints – Factory options such as air bags or motorized seat belts can get savings of 20% or more.
• Senior Citizen Discount – Seniors may be able to get a discount up to 10% for Silverado insurance.

Discounts save money, but please remember that many deductions do not apply to the entire cost. Most only cut the price of certain insurance coverages like liability, collision or medical payments. If you do the math and it seems like you can get free auto insurance, it doesn’t quite work that way.

Larger insurance companies and some of the discounts are included below.

• State Farm has savings for safe vehicle, driver’s education, student away at school, passive restraint, defensive driving training, multiple autos, and accident-free.
• Farmers Insurance may offer discounts for mature driver, distant student, alternative fuel, electronic funds transfer, business and professional, and teen driver.
• Progressive may include discounts for online signing, homeowner, good student, multi-vehicle, and online quote discount.
• Geico may have discounts that include multi-policy, seat belt use, anti-lock brakes, membership and employees, multi-vehicle, military active duty, and five-year accident-free.
• Auto-Owners Insurance offers discounts including multiple vehicles, student away at school, anti-theft, company car, teen driver, good student, and anti-lock brakes.
• The Hartford offers discounts for air bag, defensive driver, driver training, anti-theft, vehicle fuel type, bundle, and good student.
• Farm Bureau offers premium reductions for 55 and retired, youthful driver, multi-vehicle, renewal discount, good student, and driver training.
• USAA discounts include annual mileage, multi-policy, loyalty savings, defensive driver, military installation, vehicle storage, and family discount.

When quoting, ask all companies you are considering which discounts you may be entitled to. Some discounts listed above may not apply in your area.

When should I discuss my situation with an agent?

When choosing adequate coverage for your vehicles, there really is not a “perfect” insurance plan. Every situation is different so your insurance needs to address that. These are some specific questions might point out whether or not you might need professional guidance.

• Will filing a claim cost me more?
• Am I covered by my spouse’s policy after a separation?
• Does my policy cover my teen driver if they drive my company car?
• Am I covered when driving on a suspended license?
• Should I rate my 2006 Chevy Silverado 1500 as pleasure use or commute?
• Does my 2006 Chevy Silverado 1500 need full coverage?
• What are the financial responsibility laws in my state?
• How high should my medical payments coverage be?

If it’s difficult to answer those questions but you think they might apply to your situation then you might want to talk to an agent. If you don’t have a local agent, fill out this quick form or click here for a list of auto insurance companies in your area.

Information about specific coverages

Having a good grasp of insurance can be of help when determining appropriate coverage at the best deductibles and correct limits. Policy terminology can be difficult to understand and even agents have difficulty translating policy wording. Below you’ll find typical coverages offered by insurance companies.

Coverage for liability

Liability insurance will cover damages or injuries you inflict on other people or property. Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see values of 50/100/50 that means you have $50,000 bodily injury coverage, a per accident bodily injury limit of $100,000, and $50,000 of coverage for damaged propery.

Liability insurance covers things like funeral expenses, legal defense fees, pain and suffering and attorney fees. The amount of liability coverage you purchase is a personal decision, but it’s cheap coverage so purchase as large an amount as possible.

Collision coverage

Collision insurance pays to fix your vehicle from damage from colliding with a stationary object or other vehicle. You have to pay a deductible then your collision coverage will kick in.

Collision coverage pays for things like backing into a parked car, scraping a guard rail, colliding with a tree, colliding with another moving vehicle and crashing into a building. Collision is rather expensive coverage, so consider removing coverage from older vehicles. Another option is to choose a higher deductible to save money on collision insurance.

Comprehensive coverages

This will pay to fix damage OTHER than collision with another vehicle or object. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers things such as damage from flooding, fire damage, vandalism, damage from a tornado or hurricane and falling objects. The maximum amount your insurance company will pay is the market value of your vehicle, so if the vehicle’s value is low it’s not worth carrying full coverage.

Coverage for medical payments

Medical payments and Personal Injury Protection insurance kick in for short-term medical expenses such as rehabilitation expenses, nursing services, ambulance fees, EMT expenses and X-ray expenses. The coverages can be used to fill the gap from your health insurance policy or if you are not covered by health insurance. It covers not only the driver but also the vehicle occupants and will also cover if you are hit as a while walking down the street. PIP is not available in all states and may carry a deductible

Uninsured and underinsured coverage

Your UM/UIM coverage protects you and your vehicle’s occupants when the “other guys” either are underinsured or have no liability coverage at all. This coverage pays for injuries to you and your family as well as damage to your Chevy Silverado 1500.

Since a lot of drivers only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage should not be overlooked.

Buy online or local, you save

Cheaper 2006 Chevy Silverado 1500 insurance is definitely available online and also from your neighborhood agents, so get free insurance coverage quotes from both of them in order to have the best chance of saving money. Some insurance companies may not offer price quotes online and most of the time these small, regional companies provide coverage only through independent insurance agencies.

You just learned many ideas to compare 2006 Chevy Silverado 1500 insurance rates online. The key thing to remember is the more providers you compare, the better your chances of lowering your auto insurance rates. You may even find the most savings is with an unexpected company. They can often provide lower auto insurance rates in certain areas than the large multi-state companies such as Allstate and Progressive.

Much more information about car insurance can be read below:

• Speed and Speed Limit FAQ (iihs.org)
• How Much is Car Insurance for a Chevrolet Silverado in Santa Ana? (SantaAnaCoverage.com)
• Auto Insurance FAQ (Farmers Insurance)
• Uninsured Motorist Statistics (Insurance Information Insitute)
• Eight Auto Insurance Myths (Insurance Information Insitute)
• State Car Insurance Guides (Geico)