Cheap 2007 Chevrolet Silverado 1500 Classic Car Insurance Quotes

Scraping up a payment for overpriced Chevrolet Silverado 1500 Classic insurance can drain your personal savings, especially in this economy. Comparison shopping is a great way to cut your insurance bill. Big-name insurance companies like GEICO, Progressive and Allstate all claim big savings, bombarding you with advertising and it can be hard to see past the corporate glitz and do the work needed to find the best deal.

It’s smart to compare prices once or twice a year due to the fact that insurance rates are adjusted regularly by insurance companies. Just because you had the best rates on Silverado Classic insurance last year you can probably find a lower rate today. So just ignore everything you know about auto insurance because you’re about to learn one of the best ways to reduce your cost while increasing coverage.

If you have a policy now or are just looking to switch companies, you can use these tips to find the best rates while maintaining coverages. Choosing the best insurance company for you is quite easy. Drivers just need to understand how to compare prices over the internet.

Fast and Easy Insurance Coverage Quotes

All major insurance coverage companies such as State Farm and Allstate give coverage price quotes online. This process doesn’t take a lot of time as you simply type in the amount of coverage you want as detailed in the form. After you complete the form, their rating system will obtain your driving record and credit report and returns a price quote based on these and other factors. Being able to quote online simplifies rate comparisons, but the time required to go to many different websites and complete many quote forms is monotonous and tiresome. But it’s very important to compare as many rates as possible if you are searching for lower prices.

A less time-consuming method to find lower prices is to use a quote form that gets price quotes from more than one company. It saves time, requires much less work on your part, and makes comparison shopping much more enjoyable and efficient. After sending your information, your coverage is rated and you are able to buy any one of the quotes that you receive. If one or more price quotes are lower than your current rates, you can click and sign and purchase the new policy. The whole process takes 15 minutes at the most and you will know how your current rates stack up.

If you want to find out what other companies charge, click here to open in new window and submit the form. To compare your current rates, we recommend you duplicate the insurance coverages as close as possible to your current policy. Using the same limits helps guarantee you will receive a rate comparison for the exact same coverage.

Insurance ads bend the truth

Consumers can’t ignore all the ads for the lowest price auto insurance by State Farm and Allstate. All the ads have a common claim that you can save if you move to their company.

How does each company claim to save you money? This is how they do it.

Insurance companies have a preferred profile for the type of customer that earns them a profit. For instance, a preferred risk might be profiled as over the age of 50, is a homeowner, and has a high credit rating. A driver who fits that profile is entitled to the best price and therefore will save when they switch companies.

Potential customers who do not match this ideal profile must pay more money which usually ends up with the customer not buying. Company advertisements say “drivers who switch” not “people who quote” save that kind of money. This is how insurance companies can confidently make those claims. This illustrates why drivers must get a wide range of price quotes. It’s impossible to know the company that will provide you with the cheapest Chevy Silverado 1500 Classic insurance rates.

What determines your Chevy Silverado 1500 Classic insurance premium

An important part of buying insurance is that you know some of the elements that help determine the rates you pay for insurance coverage. When you know what positively or negatively determines base rates helps enable you to make changes that could result in big savings.

The following are some of the items that factor into premiums.

  • Bundling policies can get discounts – Most insurance coverage companies give discounts to people who consolidate policies with them. It’s known as a multi-policy discount. Discounts can amount to ten or even up to twenty percent in some cases. Even though this discount sounds good, it’s in your best interest to shop around to verify if the discount is saving money.
  • Better credit scores mean better rates – Having a bad credit score is a huge factor in determining your rates. If your credit rating is lower than you’d like, you could be paying less to insure your 2007 Chevrolet Silverado 1500 Classic by improving your credit score. People with high credit ratings tend to be more responsible than drivers with poor credit.
  • Protect yourself with liability coverage – Liability coverage will protect you if a jury decides you are liable for personal injury or accident damage. Liability provides legal defense coverage which can cost thousands of dollars. Carrying liability coverage is mandatory and cheap when compared with rates for comp and collision, so buy as much as you can afford.
  • Males pay more for insurance – Statistics show women tend to be less risk to insure than men. However, this does not mean men are WORSE drivers than women. Women and men have accidents at a similar rate, but the men have costlier accidents. Men also statistically have more aggressive citations like DUI and reckless driving. Male drivers age 16 to 19 tend to get in the most accidents and therefore have the most expensive insurance coverage rates.
  • A clean driving record saves money – Whether or not you get tickets impacts your car insurance rates tremendously. Only having one speeding ticket can bump up the cost twenty percent or more. Drivers who don’t get tickets get better rates than their less careful counterparts. Drivers with dangerous tickets such as DUI or reckless driving are required to submit a SR-22 form with the DMV in their state in order to prevent a license revocation.
  • Teen drivers pay high rates – Young drivers are statistically proven to be more careless when behind the wheel so they pay higher insurance coverage rates. Older insureds are viewed as being more responsible, tend to cause fewer accidents and tend to be better behind the wheel.
  • Never go without insurance – Allowing your insurance coverage policy to lapse will be a fast way to trigger a rate increase. And not only will your rates increase, but not being able to provide proof of insurance might get you a revoked license or a big fine.You may then be required to submit proof of financial responsibility or a SR-22 with your state motor vehicle department.

How to reduce Chevy Silverado 1500 Classic insurance rates

Companies that sell car insurance don’t always publicize all their discounts in an easy-to-find place, so here is a list some of the best known as well as the least known savings tricks you should be using. If they aren’t giving you every credit possible, you’re paying more than you need to.

  • Paperwork-free – Certain companies will give a small break just for signing your application over the internet.
  • Anti-theft System – Vehicles with anti-theft systems are stolen less frequently and therefore earn up to a 10% discount.
  • Lower Rates for Military – Being on active duty in the military can result in better rates.
  • Distant Student – Kids in college living away from home attending college without a vehicle on campus can receive lower rates.
  • Auto/Life Discount – Larger companies have a discount if you purchase auto and life insurance together.
  • Club Memberships – Participating in a qualifying organization is a good way to get lower rates when shopping for insurance coverage on Silverado Classic insurance.

Keep in mind that most discount credits are not given to your bottom line cost. Some only reduce specific coverage prices like comprehensive or collision. Just because you may think all the discounts add up to a free policy, companies wouldn’t make money that way.

To see a list of insurers with the best insurance coverage discounts, click here to view.

Tailor your coverage to you

When it comes to choosing proper insurance coverage, there isn’t really a one size fits all plan. Everyone’s needs are different and a cookie cutter policy won’t apply. Here are some questions about coverages that can help discover if your situation might need an agent’s assistance.

  • Do I have newly-aquired coverage?
  • Am I covered when driving a rental car?
  • Do I need higher collision deductibles?
  • Am I covered if I crash into my own garage door?
  • Do I benefit by insuring my home with the same company?
  • When should my teen driver be added to my policy?
  • Does my insurance cover a custom paint job?
  • Does medical payments coverage apply to all occupants?
  • Is my 2007 Chevy Silverado 1500 Classic covered for smoke damage?
  • Why does it cost so much to insure a teen driver?

If you can’t answer these questions then you might want to talk to an insurance agent. To find an agent in your area, simply complete this short form or go to this page to view a list of companies. It is quick, free and can provide invaluable advice.

Insurance coverage specifics

Learning about specific coverages of your insurance policy can be of help when determining the right coverages and the correct deductibles and limits. The coverage terms in a policy can be difficult to understand and nobody wants to actually read their policy. These are the usual coverages found on most insurance policies.

Collision insurance

Collision coverage pays for damage to your Silverado 1500 Classic resulting from a collision with another car or object. You have to pay a deductible then your collision coverage will kick in.

Collision insurance covers claims like crashing into a building, sideswiping another vehicle and colliding with another moving vehicle. Paying for collision coverage can be pricey, so you might think about dropping it from lower value vehicles. You can also raise the deductible to get cheaper collision coverage.

Comprehensive coverage (or Other than Collision)

This coverage covers damage that is not covered by collision coverage. A deductible will apply then your comprehensive coverage will pay.

Comprehensive coverage pays for claims such as a tree branch falling on your vehicle, hail damage, vandalism, hitting a deer and rock chips in glass. The highest amount you’ll receive from a claim is the actual cash value, so if the vehicle is not worth much consider removing comprehensive coverage.

Liability

Liability coverage protects you from injuries or damage you cause to other people or property that is your fault. It protects you from legal claims by others, and does not provide coverage for damage sustained by your vehicle in an accident.

Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. You might see policy limits of 100/300/100 which stand for a $100,000 limit per person for injuries, $300,000 for the entire accident, and a limit of $100,000 paid for damaged property.

Liability coverage pays for claims such as medical services, repair costs for stationary objects and repair bills for other people’s vehicles. The amount of liability coverage you purchase is up to you, but buy higher limits if possible.

Insurance for medical payments

Coverage for medical payments and/or PIP reimburse you for immediate expenses for doctor visits, hospital visits, funeral costs and chiropractic care. The coverages can be used to fill the gap from your health insurance policy or if you are not covered by health insurance. Coverage applies to all vehicle occupants and will also cover getting struck while a pedestrian. Personal injury protection coverage is not universally available but can be used in place of medical payments coverage

Uninsured Motorist or Underinsured Motorist insurance

Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants from other drivers when they are uninsured or don’t have enough coverage. It can pay for hospital bills for your injuries and damage to your Chevy Silverado 1500 Classic.

Since many drivers only carry the minimum required liability limits, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage should not be overlooked.

Final thoughts

In this article, we presented some good ideas how you can lower your 2007 Chevy Silverado 1500 Classic insurance rates. It’s most important to understand that the more providers you compare, the better chance you’ll have of finding lower rates. Drivers may discover the lowest premiums are with a smaller regional carrier. These companies may cover specific market segments cheaper compared to the large companies like State Farm and Allstate.

When shopping online for insurance coverage, it’s very important that you do not buy less coverage just to save a little money. In many instances, an accident victim reduced comprehensive coverage or liability limits and found out when filing a claim they didn’t have enough coverage. The aim is to buy enough coverage at the best price while not skimping on critical coverages.

Cheap insurance can be sourced online as well as from independent agents, and you should compare price quotes from both to have the best rate selection. Some companies don’t offer the ability to get a quote online and most of the time these regional insurance providers sell through independent agents.

For more information, feel free to visit the following helpful articles: