2000 Chevrolet Silverado Insurance Rates
Average insurance rates for a 2000 Chevrolet Silverado are $966 a year for full coverage insurance. Comprehensive insurance costs approximately $142 a year, collision costs $170, and liability costs around $484. Buying a liability-only policy costs as low as $540 a year, with high-risk insurance costing $2,074 or more. Teen drivers receive the highest rates at $3,972 a year or more.
Annual premium for full coverage: $966
Rate estimates for 2000 Chevrolet Silverado Insurance
Rate data is compiled from all 50 U.S. states and averaged for all 2000 Chevrolet Silverado models. Rates are based on a 40-year-old male driver, $500 comprehensive and collision deductibles, and a clean driving record. Remaining premium consists of UM/UIM coverage, Medical/PIP, and policy fees.
Price Range by Coverage and Risk
For the average driver, prices range go from as low as $540 for just liability insurance to a high of $2,074 for a driver that may need high-risk insurance.
These differences illustrate why it is important for drivers to compare prices using their specific location and risk profile, instead of making a decision based on price averages.
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Recommended Companies for Cheap 2000 Chevrolet Silverado Insurance
Searching for better insurance coverage rates? Consumers have lots of choices when looking for the best price on Chevy Silverado 1500 insurance. You can either waste hours calling around to get rate comparisons or save time using the internet to get rate quotes.
There is a right way and a wrong way to find insurance coverage online so you’re going to learn the proper way to get price quotes for a Chevy and locate the cheapest rates.
If you have a policy now or are just looking to switch companies, you can learn to reduce the price you pay while maximizing coverage. The purpose of this post is to let you in on how to effectively get price quotes. Drivers just need to understand the proper way to buy insurance coverage online.
Insurance Coverage Comparisons
There are a variety of methods to compare 2000 Chevy Silverado 1500 insurance coverage prices and some are less labor-intensive and much quicker. You can spend your afternoon talking to local insurance agents in your area, or you can stay home and use the web to get rate comparisons in just a few minutes.
Recommended Companies for the Best Insurance Rates
Most car insurance companies are enrolled in a marketplace that enables customers to send in one quote, and every company then returns a price quote based on the submitted data. This system prevents you from having to do quote requests to each company.
To enter your information into the quoting system, click here to open in new window.
One minor caviat to using this type of system is you don’t know exactly which insurance companies to get pricing from. If you prefer to choose from a list of companies to compare prices, we have assembled a list of insurance coverage companies in your area. Click to view list.
Whichever way you use, ensure you are comparing exactly the same coverage limits for each comparison quote. If you use different liability limits you will not be able to decipher which rate is best.
Switch companies and save? Really?
Consumers get pounded daily by advertisements for car insurance savings from companies such as Allstate, GEICO and Progressive. They all seem to say the same thing about savings if you switch your policy.
How do they all claim to save you money?
All the different companies can use profiling for the driver they prefer to insure. For instance, a driver they prefer could possibly be between the ages of 30 and 50, is a homeowner, and drives less than 7,500 miles a year. Any driver who meets those qualifications is entitled to the best price and as a result will probably cut their rates substantially.
Drivers who don’t meet this ideal profile will be quoted higher premiums and ends up with business going elsewhere. The ads say “customers who switch” not “everyone that quotes” save that kind of money. That’s the way insurance companies can confidently make those claims.
This emphasizes why it is so important to get as many quotes as possible. It’s impossible to know the company that will have the lowest Chevy Silverado 1500 insurance rates.
More discounts equal less premium
The price of auto insurance can be rather high, buy you may qualify for discounts to reduce the price significantly. Certain discounts will be triggered automatically at the time of purchase, but some may not be applied and must be specially asked for before you will receive the discount. If you aren’t receiving every discount available, you are paying more than you should be.
- No Charge for an Accident – Some insurance companies will forgive one accident before hitting you with a surcharge if your claims history is clear for a particular time prior to the accident.
- Seat Belt Usage – Requiring all passengers to wear their seat belts can save up to 15% off your PIP or medical payments premium.
- New Car Discount – Adding a new car to your policy is cheaper since new cars are generally safer.
- College Student – Youth drivers who live away from home without a vehicle on campus can be insured at a reduced rate.
- Military Discounts – Having a family member in the military can result in better rates.
- Payment Discounts – If paying your policy premium upfront instead of paying each month you could save 5% or more.
- Employee of Federal Government – Employees or retirees of the government may qualify you for a discount for Silverado coverage depending on your company.
- Anti-lock Brake Discount – Vehicles equipped with ABS or steering control can reduce accidents and qualify for as much as a 10% discount.
It’s important to note that most credits do not apply the whole policy. Most only apply to specific coverage prices like liability and collision coverage. So when the math indicates all the discounts add up to a free policy, companies don’t profit that way. But all discounts will help reduce the cost of coverage.
Insurance companies that possibly offer these benefits may include but are not limited to:
Check with each insurance company which discounts they offer. All car insurance discounts may not apply in your state.
It’s not one size fits all
When it comes to choosing adequate coverage, there isn’t really a “best” method to buy coverage. Everyone’s situation is a little different.
For instance, these questions can aid in determining whether your personal situation could use an agent’s help.
- Should I put collision coverage on all my vehicles?
- Is my teen driver covered when they drive my company car?
- Is other people’s property covered if stolen from my vehicle?
- Is my business laptop covered if it gets stolen from my vehicle?
- Will I be non-renewed for getting a DUI or other conviction?
- Should I drop comprehensive coverage on older vehicles?
If you don’t know the answers to these questions, then you may want to think about talking to an insurance agent. To find lower rates from a local agent, simply complete this short form. It’s fast, doesn’t cost anything and you can get the answers you need.
Specific coverages for a Chevy Silverado 1500
Learning about specific coverages of your policy can be of help when determining the best coverages at the best deductibles and correct limits. The coverage terms in a policy can be difficult to understand and coverage can change by endorsement.
Comprehensive protection – This covers damage OTHER than collision with another vehicle or object. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.
Comprehensive coverage pays for claims like a broken windshield, hail damage, vandalism, a tree branch falling on your vehicle and damage from a tornado or hurricane. The most a car insurance company will pay at claim time is the cash value of the vehicle, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.
Medical expense coverage – Coverage for medical payments and/or PIP kick in for immediate expenses such as doctor visits, rehabilitation expenses, X-ray expenses, chiropractic care and EMT expenses. They are used in conjunction with a health insurance program or if you lack health insurance entirely. It covers you and your occupants in addition to getting struck while a pedestrian. PIP coverage is not universally available but it provides additional coverages not offered by medical payments coverage
Uninsured or underinsured coverage – Your UM/UIM coverage provides protection from other motorists when they either have no liability insurance or not enough. It can pay for injuries sustained by your vehicle’s occupants and also any damage incurred to your Chevy Silverado 1500.
Due to the fact that many drivers carry very low liability coverage limits, their limits can quickly be used up. For this reason, having high UM/UIM coverages should not be overlooked. Most of the time these limits do not exceed the liability coverage limits.
Liability auto insurance – Liability insurance will cover damages or injuries you inflict on people or other property. This coverage protects you against other people’s claims, and doesn’t cover your injuries or vehicle damage.
Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show limits of 50/100/50 that translate to $50,000 in coverage for each person’s injuries, a total of $100,000 of bodily injury coverage per accident, and property damage coverage for $50,000. Occasionally you may see one number which is a combined single limit which limits claims to one amount and claims can be made without the split limit restrictions.
Liability coverage protects against things such as pain and suffering, emergency aid, medical expenses, loss of income and medical services. How much liability should you purchase? That is your choice, but you should buy as high a limit as you can afford.
Collision coverages – This will pay to fix damage to your Silverado 1500 from colliding with another vehicle or an object, but not an animal. You first must pay a deductible then the remaining damage will be paid by your insurance company.
Collision coverage pays for claims like crashing into a ditch, scraping a guard rail, backing into a parked car, hitting a mailbox and sideswiping another vehicle. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from vehicles that are older. Another option is to choose a higher deductible in order to get cheaper collision rates.
Have money to burn
In this article, we covered some good ideas how to shop for 2000 Chevy Silverado 1500 insurance online. The key concept to understand is the more companies you get rates for, the better your chances of lowering your rates. You may even find the best price on insurance coverage is with a smaller regional carrier.
Budget-conscious insurance is definitely available from both online companies and with local insurance agents, and you need to price shop both so you have a total pricing picture. There are still a few companies who do not offer online quoting and usually these small insurance companies provide coverage only through local independent agents.
Consumers who switch companies do it for a variety of reasons including high prices, questionable increases in premium, an unsatisfactory settlement offer and delays in responding to claim requests. Regardless of your reason, choosing a new insurance company is not as hard as you think.
Additional information can be read at the links below
- Medical Payments Coverage (Liberty Mutual)
- Tread Depth and Tire Safety (State Farm)
- Parking Tips to Reduce Door Dings (State Farm)
- Safety Belts FAQ (iihs.org)
Find the Cheapest Quotes in Your Area
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Rates by U.S. City
|New York City, NY||$1,887|
|Los Angeles, CA||$1,629|
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Need a specific model?
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Rates by Driver Age
Full coverage, $500 deductibles
Rates by Deductible
Full coverage, driver age 40
Rates by Liability Limit
Full coverage, driver age 40
Rates for High Risk Drivers
Full coverage, $500 deductibles, two speeding tickets, and one at-fault accident
If a financial responsibility filing is required, the additional charge below may also apply.
Potential Rate Discounts
If you qualify for discounts, you may save the amounts shown below.
|5-yr Accident Free||$55|
|5-yr Claim Free||$59|
|Paid in Full/EFT||$32|
Discounts are estimated and may not be available from every company or in every state.