2003 Chevrolet Silverado Insurance Rates
Average insurance rates for a 2003 Chevrolet Silverado are $1,034 a year with full coverage. Comprehensive costs on average $152 each year, collision costs $204, and liability insurance costs $508. Buying a liability-only policy costs as little as $560 a year, with high-risk insurance costing around $2,226. Teenage drivers receive the highest rates at $4,228 a year or more.
Annual premium for full coverage: $1,034
Rate estimates for 2003 Chevrolet Silverado Insurance
Rate data is compiled from all 50 U.S. states and averaged for all 2003 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 a middle-aged driver, prices range go from as low as $560 for the bare minimum liability coverage to a high rate of $2,226 for a high risk driver.
These differences demonstrate why all drivers should compare rates based on a specific location and risk profile, rather than relying on average rates.
Use the form below to get rates for your location.
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Recommended Companies for Cheap 2003 Chevrolet Silverado Insurance
Are you a victim of an overpriced insurance policy? Believe me, there are many people just like you. Because there are so many options when it comes to insurance, it’s difficult to locate the lowest cost insurer.
How to Get Insurance
Getting a cheaper price on 2003 Chevy Silverado 1500 insurance isn’t really that difficult. All that’s required is to take time comparing rate quotes online with multiple companies. This is very easy and can be done using a couple different methods.
- The easiest and least time consuming way to find low rates is a comparison rater form (click to open form in new window). This easy form keeps you from doing repetitive form submissions for each company. Filling out one form will get you price quotes direct from many companies.
- A different way to compare prices is spending the time to visit each individual company website to complete their respective quote request forms. For instance, let’s say you want to compare Nationwide, Progressive and Allstate. To find out each rate you need to go to every website to enter your coverage information, which is why the first method is more popular.
For a list of links to insurance companies in your area, click here.
- The hardest method to get comparison rates is to spend your day driving to different agent offices. Buying insurance online can eliminate the need for a local agent unless you want the professional guidance that only a license agent can provide. However, consumers can get prices online and get advice from an agent in your area and you’ll learn how to do that later.
It’s your choice how you get your quotes, but make sure you use apples-to-apples coverage information with every price quote. If each company quotes different values for each quote it’s impossible to decipher which rate is best.
When might I need the advice of an agent?
When it comes to buying adequate coverage for your vehicles, there really is no “best” method to buy coverage. Every insured’s situation is different so your insurance should reflect that These are some specific questions could help you determine if you will benefit from professional help.
Recommended Companies for the Best Insurance Rates
- Is my babysitter covered when using my vehicle?
- Should I buy only the required minimum liability coverage?
- Is other people’s property covered if stolen from my vehicle?
- Do I pay less if my vehicle is kept in my garage?
- Is there coverage for injuries to my pets?
- Where can I find high-risk insurance?
- What is high-risk coverage and where do I buy it?
- Should I have combined single limit or split liability limits?
If you’re not sure about those questions but you know they apply to you then you might want to talk to an insurance agent. If you don’t have a local agent, take a second and complete this form or go to this page to view a list of companies. It’s fast, doesn’t cost anything and can provide invaluable advice.
Insurance policy specifics
Understanding the coverages of insurance helps when choosing the right coverages and proper limits and deductibles. The coverage terms in a policy can be difficult to understand and reading a policy is terribly boring. Listed below are the normal coverages found on the average insurance policy.
This protects you and your vehicle from other motorists when they either have no liability insurance or not enough. Covered losses include injuries to you and your family and also any damage incurred to your Chevy Silverado 1500.
Since a lot of drivers have only the minimum liability required by law, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea.
Comprehensive or Other Than Collision
Comprehensive insurance will pay to fix damage from a wide range of events other than collision. You first must pay your deductible and then insurance will cover the rest of the damage.
Comprehensive can pay for claims such as theft, hail damage and damage from getting keyed. The highest amount your insurance company will pay is the cash value of the vehicle, so if the vehicle is not worth much consider dropping full coverage.
Coverage for collisions
This pays for damage to your Silverado 1500 resulting from colliding with another car or object. You have to pay a deductible then the remaining damage will be paid by your insurance company.
Collision can pay for things like sideswiping another vehicle, sustaining damage from a pot hole, crashing into a building, damaging your car on a curb and scraping a guard rail. Collision is rather expensive coverage, so you might think about dropping it from older vehicles. It’s also possible to raise the deductible to get cheaper collision coverage.
Liability insurance provides protection from damage that occurs to people or other property in an accident. It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see limits of 100/300/100 that means you have $100,000 bodily injury coverage, a limit of $300,000 in injury protection per accident, and property damage coverage for $100,000.
Liability can pay for things like medical services, medical expenses, emergency aid and loss of income. How much liability coverage do you need? That is up to you, but consider buying as much as you can afford.
Medical costs insurance
Coverage for medical payments and/or PIP provide coverage for expenses for pain medications, EMT expenses, doctor visits, rehabilitation expenses and ambulance fees. They are often used in conjunction with a health insurance policy or if there is no health insurance coverage. Coverage applies to not only the driver but also the vehicle occupants as well as getting struck while a pedestrian. PIP is not an option in every state and gives slightly broader coverage than med pay
Find the Cheapest Quotes in Your Area
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Rates by U.S. City
|New York City, NY||$2,016|
|Los Angeles, CA||$1,740|
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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||$62|
|5-yr Claim Free||$65|
|Paid in Full/EFT||$36|
Discounts are estimated and may not be available from every company or in every state.