2009 Chevrolet Silverado 1500 Insurance Quotes – 5 Tricks for Cheaper Rates

Searching for low-cost insurance for your Chevy Silverado 1500 can normally be a painful process, but you can learn a few tricks and make it easy. There are both good and bad ways to shop for auto insurance so we’re going to tell you the quickest way to compare rates for a new or used Chevy and find the lowest possible price either online or from local insurance agents.

You should make it a habit to compare rates at least once a year since insurance rates change frequently. Just because you found the best rates for Silverado coverage six months ago the chances are good that you can find a lower rate today. Forget anything you know (or think you know) about auto insurance because you’re about to find out the best way to get good coverage at a lower rate.

If you have insurance now or need a new policy, you can use these tips to reduce the price you pay and still get good coverage. Pricing affordable car insurance coverage is not that difficult. Drivers just need to know the best way to compare company rates online.

Do you qualify for a discount?

Companies do not list all their discounts very clearly, so here is a list some of the best known and also the lesser-known savings tricks you should be using. If you’re not getting every credit possible, you’re just leaving money on the table.

  • Multiple Policy Discount – When you combine your home and auto insurance with one insurance company you could get a discount of up to 20% off your total premium.
  • No Claims – Drivers who don’t have accidents can save substantially when compared to bad drivers.
  • Military Discounts – Being deployed with a military unit may qualify for rate reductions.
  • Accident Waiver – Some insurance companies allow you one accident before raising your premiums if your claims history is clear for a particular time prior to the accident.
  • Payment Method – If paying your policy premium upfront rather than paying monthly you could save up to 5%.

It’s important to understand that some of the credits will not apply to the overall cost of the policy. Some only reduce the cost of specific coverages such as liability and collision coverage. Just because it seems like having all the discounts means you get insurance for free, you’re out of luck.

Insurance companies who might offer some of the above discounts are:

It’s a good idea to ask every prospective company which discounts they offer. Discounts might not be offered in every state.

Compare the Market for Car Insurance

Shopping for lower car insurance rates can be exhausting if you don’t utilize the most efficient way. You could spend your day talking about coverages with agents in your area, or you can stay home and use online quotes to get rates in a matter of minutes.

Most car insurance companies are enrolled in a marketplace that allows shoppers to submit one quote, and each company then gives them pricing based on that information. This system prevents you from having to do quote forms to every company. To use this form to compare 2009 Chevy Silverado 1500 insurance rates click to open in new window.

One minor caviat to doing it this way is you are unable to specify which companies to get quotes from. If you would rather choose individual companies to compare prices, we have assembled a list of the cheapest car insurance companies in your area. View list of insurance companies.

It’s up to you which method you use, but make darn sure you compare exactly the same information for every company. If you compare differing limits it will be very difficult to truly determine the lowest rate.

What coverages do I need?

When it comes to buying adequate coverage for your vehicles, there is no cookie cutter policy. Your needs are not the same as everyone else’s.

These are some specific questions can aid in determining if your insurance needs could use an agent’s help.

  • Do I need special endorsements for business use of my vehicle?
  • Does my medical payments coverage pay my health insurance deductible?
  • Do I need more liability coverage?
  • What is the minimum liability in my state?
  • Is motorclub coverage worth it?
  • When can my company non-renew my policy?

If you’re not sure about those questions but you know they apply to you, you may need to chat with an insurance agent. To find lower rates from a local agent, take a second and complete this form. It’s fast, free and may give you better protection.

Insurance coverages 101

Having a good grasp of your policy can help you determine the best coverages and the correct deductibles and limits. Insurance terms can be confusing and reading a policy is terribly boring.

Comprehensive (Other than Collision)

Comprehensive insurance pays to fix your vehicle from 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 falling objects, hail damage and rock chips in glass. The maximum payout a insurance company will pay at claim time is the actual cash value, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.

Auto collision coverage

Collision coverage pays for damage to your Silverado 1500 resulting from colliding with another car or object. You first must pay a deductible and the rest of the damage will be paid by collision coverage.

Collision coverage pays for claims such as hitting a parking meter, crashing into a ditch, scraping a guard rail, damaging your car on a curb and hitting a mailbox. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from older vehicles. Another option is to choose a higher deductible in order to get cheaper collision rates.

Medical expense insurance

Medical payments and Personal Injury Protection insurance reimburse you for immediate expenses for things like dental work, nursing services, prosthetic devices, pain medications and doctor visits. They can be used in conjunction with a health insurance policy or if you are not covered by health insurance. Medical payments and PIP cover not only the driver but also the vehicle occupants as well as any family member struck as a pedestrian. Personal injury protection coverage is not universally available and may carry a deductible

Auto liability insurance

Liability insurance can cover damage that occurs to a person or their property that is your fault. Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see limits of 50/100/50 which means $50,000 bodily injury coverage, a per accident bodily injury limit of $100,000, and property damage coverage for $50,000.

Liability coverage pays for things like funeral expenses, structural damage and repair bills for other people’s vehicles. How much coverage you buy is up to you, but consider buying as much as you can afford.

Protection from uninsured/underinsured drivers

This protects you and your vehicle’s occupants when the “other guys” are uninsured or don’t have enough coverage. It can pay for injuries sustained by your vehicle’s occupants and damage to your Chevy Silverado 1500.

Due to the fact that many drivers only carry the minimum required liability limits, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is very important.

Final thoughts

The cheapest 2009 Chevy Silverado 1500 insurance can be purchased on the web and also from your neighborhood agents, so you should be comparing quotes from both so you have a total pricing picture. Some insurance companies may not provide you the ability to get quotes online and many times these small, regional companies only sell through independent insurance agents.

When trying to cut insurance costs, never reduce coverage to reduce premium. There have been many cases where an insured cut liability limits or collision coverage only to discover later that they should have had better coverage. The ultimate goal is to purchase a proper amount of coverage at an affordable rate.

We covered some good ideas how you can get a better price on insurance. The key concept to understand is the more you quote, the better your comparison will be. Consumers could even find that the lowest priced insurance comes from an unexpected company.

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