2018 Chevrolet Silverado 1500 Insurance Quotes – 10 Tips for Cheaper Rates

Trying to find the cheapest insurance coverage rates for your Chevrolet Silverado 1500? Have you had enough of wondering where the money will come from to pay your insurance coverage bill each month? Your situation is no different than the majority of other consumers. Since you have so many online and local companies to choose from, it is very difficult to find the lowest cost insurance company.

Finding affordable coverage is not rocket science. If you have a policy now or need a new policy, you can use these techniques to reduce the price you pay and possibly find even better coverage. Vehicle owners just need to know the most efficient way to get comparison rates online.

Where can I get the cheapest insurance coverage?

Effectively comparing insurance coverage prices can be exhausting if you aren’t aware of the most efficient way to do it. You can spend countless hours discussing policy coverages with insurance agencies in your area, or you could save time and use the internet to maximize your effort.

Most of the larger companies participate in an industry program where prospective buyers submit one quote, and each company then gives them pricing determined by their information. This eliminates the need for form submissions for each company you want a rate for.

To compare rates using this form now click here (opens in new window).

The only downside to using this type of form is that you can’t choose which carriers to receive prices from. If you prefer to choose from a list of companies to request quotes from, we put together a list of the cheapest insurance coverage companies in your area. Click here for list of insurance companies.

However you get your quotes, make sure you use identical information for each comparison quote. If the quotes have different limits and deductibles on each one it will be nearly impossible to determine which company has the best rates.

Earn discounts on insurance

Some companies don’t always publicize every available discount very clearly, so the following is a list of some of the more common as well as some of the hidden ways to save on insurance.

  • Safe Driver Discount – Insureds without accidents can get discounts for up to 45% lower rates on Silverado coverage than their less cautious counterparts.
  • Save with a New Car – Adding a new car to your policy can save up to 30% because new model year vehicles keep occupants safer.
  • Lower Rates for Military – Having a family member in the military may qualify for rate reductions.
  • Mature Driver Discount – If you qualify as a senior citizen, you can get lower premium rates on Silverado coverage.
  • Distant Student – Kids who are enrolled in higher education away from home and don’t have a car may qualify for this discount.
  • Auto/Home Discount – When you have multiple policies and place coverage with the same company you could save approximately 10% to 15%.
  • First Accident Forgiveness – Not a discount per se, but companies like State Farm and Progressive allow you one accident before hitting you with a surcharge so long as you haven’t had any claims for a particular time prior to the accident.
  • Theft Deterent System – Cars, trucks, and SUVs equipped with anti-theft or alarm systems have a lower chance of being stolen and will save you 10% or more.
  • Accident Free – Drivers with accident-free driving histories pay much less as opposed to policyholders that have many claims.
  • Telematics Discount – Drivers who elect to allow driving data collection to scrutinize when and where they use their vehicle by using a telematics device in their vehicle such as State Farm’s In-Drive may get a rate reduction as long as the data is positive.

Policy discounts save money, but most of the big mark downs will not be given to the entire cost. Some only reduce the cost of specific coverages such as comp or med pay. So even though they make it sound like it’s possible to get free car insurance, you won’t be that lucky.

Large insurance companies and the discounts they provide are shown below.

  • State Farm has discounts for Steer Clear safe driver discount, defensive driving training, passive restraint, anti-theft, student away at school, and multiple autos.
  • GEICO discounts include good student, multi-vehicle, emergency military deployment, anti-lock brakes, federal employee, and air bags.
  • Liberty Mutual policyholders can earn discounts including newly married, new vehicle discount, multi-policy, hybrid vehicle, and safety features.
  • The Hartford may have discounts that include vehicle fuel type, bundle, driver training, anti-theft, defensive driver, good student, and air bag.
  • MetLife offers premium reductions for accident-free, good student, claim-free, good driver, defensive driver, and multi-policy.
  • Progressive includes discounts for multi-vehicle, continuous coverage, online quote discount, multi-policy, and online signing.

Before you buy a policy, ask each company to apply every possible discount. Some credits might not be offered in your area. If you would like to see a list of insurance companies who offer free insurance quotes, click this link.

Tailor your car insurance coverage to you

When buying the right insurance coverage, there is no perfect coverage plan. Everyone’s needs are different so your insurance should reflect that For instance, these questions can help discover if your insurance needs would benefit from an agent’s advice.

  • Does my insurance cover a custom paint job?
  • Do I need rental car coverage?
  • Do I have coverage if my license is suspended?
  • Will my insurance pay for OEM parts?
  • Do I pay less for low miles?
  • Who is covered when they drive my 2018 Chevy Silverado 1500?
  • Is my ex-spouse still covered by my policy?

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 insurance agent. To find an agent in your area, complete this form or go to this page to view a list of companies. It’s fast, free and can help protect your family.

What insurance coverages do you need?

Knowing the specifics of insurance can help you determine the best coverages for your vehicles. Policy terminology can be impossible to understand and nobody wants to actually read their policy. Shown next are the usual coverages found on most insurance policies.

Medical expense insurance

Medical payments and Personal Injury Protection insurance pay for short-term medical expenses like pain medications, EMT expenses, chiropractic care, dental work and ambulance fees. They are utilized in addition to your health insurance program or if you are not covered by health insurance. It covers you and your occupants as well as any family member struck as a pedestrian. PIP coverage is not an option in every state but can be used in place of medical payments coverage

Collision coverage

This coverage covers damage to your Silverado 1500 caused by collision with a stationary object or other vehicle. You will need to pay your deductible then the remaining damage will be paid by your insurance company.

Collision coverage protects against things like driving through your garage door, colliding with a tree and scraping a guard rail. This coverage can be expensive, so analyze the benefit of dropping coverage from older vehicles. Drivers also have the option to raise the deductible to bring the cost down.

Protection from uninsured/underinsured drivers

Your UM/UIM coverage gives you protection when other motorists do not carry enough liability coverage. This coverage pays for injuries to you and your family and damage to your Chevy Silverado 1500.

Because many people only carry the minimum required liability limits, their liability coverage can quickly be exhausted. So UM/UIM coverage is a good idea.

Liability car insurance

This coverage will cover injuries or damage you cause to people or other property in an accident. Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. As an example, you may have values of 25/50/25 which means $25,000 bodily injury coverage, $50,000 for the entire accident, and a total limit of $25,000 for damage to vehicles and property.

Liability insurance covers things like medical expenses, attorney fees, funeral expenses and repair bills for other people’s vehicles. How much liability coverage do you need? That is a decision to put some thought into, but consider buying as high a limit as you can afford.

Comprehensive (Other than Collision)

This coverage pays for damage that is not covered by collision coverage. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against claims such as damage from a tornado or hurricane, hitting a bird, damage from flooding and vandalism. The maximum payout you’ll receive from a claim is the cash value of the vehicle, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.