2004 Chevrolet Silverado Insurance Rates
Average insurance rates for a 2004 Chevrolet Silverado are $1,088 a year for full coverage insurance. Comprehensive costs on average $160, collision insurance costs $214, and liability coverage costs around $534. Buying a liability-only policy costs as low as $588 a year, and high-risk insurance costs around $2,342. Teenage drivers receive the highest rates at up to $4,450 a year.
Annual premium for full coverage: $1,088
Rate estimates for 2004 Chevrolet Silverado Insurance
Rate data is compiled from all 50 U.S. states and averaged for all 2004 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 range from as low as $588 for basic liability insurance to a much higher rate of $2,342 for a driver that may need high-risk insurance.
These differences illustrate why anyone shopping for car insurance should compare prices based on a specific location and risk profile, rather than using average rates.
Use the form below to get rates for your location.
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Recommended Companies for Cheap 2004 Chevrolet Silverado Insurance
Shoppers have a choice when shopping for low-cost Chevy Silverado 1500 insurance. They can either waste time contacting agents to get rate comparisons or use the internet to make rate comparisons. There is a better way to shop for insurance and we’ll show you the quickest way to price shop coverage for a new or used Chevy and find the best price possible from local insurance agents and online providers.
You should make it a habit to price shop coverage occasionally since insurance rates change frequently. Even if you think you had the best price on Silverado insurance six months ago there may be better deals available now. Forget all the misinformation about insurance because you’re about to learn how to quote online to eliminate unnecessary coverages and save money.
Are you getting all your discounts?
Companies don’t always publicize all available discounts very well, so we took the time to find both well-publicized and the harder-to-find ways to save on insurance coverage. If you don’t get every credit you deserve, you are throwing money away.
- Homeowners Pay Less – Being a homeowner may earn you a small savings because maintaining a house demonstrates responsibility.
- Multi-policy Discount – If you insure your home and vehicles with one insurance company you could get a discount of up to 20% off your total premium.
- Pay Upfront and Save – By paying your policy upfront instead of paying each month you could save 5% or more.
- Accident Free – Good drivers with no accidents can save substantially as compared to drivers who are more careless.
- Life Insurance Discount – Some companies give lower rates if you buy auto and life insurance together.
- Drivers Ed for Students – Have your child enroll in driver’s education if it’s offered in school.
- Military Discounts – Having a family member in the military could mean lower rates.
It’s important to note that most credits do not apply to your bottom line cost. Some only reduce the price of certain insurance coverages like comp or med pay. So even though it sounds like all the discounts add up to a free policy, insurance coverage companies aren’t that generous.
Recommended Companies for the Best Insurance Rates
Car insurance companies that possibly offer these benefits are:
Check with each insurance company which discounts they offer. Savings might not apply everywhere.
How to Get Car Insurance
Most companies like State Farm and Allstate provide coverage price quotes directly from their websites. Getting online quotes doesn’t take a lot of time as you just type in your personal and coverage information into the quote form. Upon sending the form, the company’s rating system obtains credit information and your driving record and quotes a price.
Quoting online makes it a lot easier to compare rates but having to visit multiple sites and type in the same information gets old quite quickly. But it’s absolutely necessary to get many rate quotes if you want to find the best price possible.
A more efficient way to find lower prices requires only one form that analyzes rates from a bunch of companies at once. The form is fast, requires less work, and makes online price comparison much more efficient. After sending the form, it gets priced and you can select any one of the returned quotes. If a lower price is quoted, you can simply submit the application and purchase coverage. This process takes just a few minutes to complete and can result in significant savings.
To quickly find out how much you’re overpaying now, simply click here to open in new window and enter your information. If you have your current policy handy, we recommend that you enter your coverages exactly as they are listed on your policy. This helps ensure you will be getting a rate comparison for similar insurance coverage.
Tailor your coverage to you
When it comes to buying the best insurance coverage coverage for your vehicles, there really is not a “best” method to buy coverage. Coverage needs to be tailored to your specific needs.
These are some specific questions might point out whether or not you would benefit from an agent’s advice.
- Why am I required to get a high-risk car insurance policy?
- Am I covered when driving in Canada or Mexico?
- Does insurance cover tools stolen from my truck?
- Am I covered when using my vehicle for business?
- Why am I required to buy high-risk coverage?
- Can my teen drive my company car?
- Can I get a multi-policy discount for packaging my home and auto coverage?
- Do I need motorclub coverage?
- Should I get collision insurance on every vehicle?
- Is my 2004 Chevy Silverado 1500 covered for flood damage?
If you don’t know the answers to these questions but a few of them apply, then you may want to think about talking to a licensed agent. To find an agent in your area, simply complete this short form. It is quick, free and may give you better protection.
Coverages available on your insurance policy
Having a good grasp of your policy can help you determine which coverages you need 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.
Coverage for collisions
This coverage pays for damage to your Silverado 1500 resulting from a collision with another car or object. You first must pay a deductible then your collision coverage will kick in.
Collision coverage protects against claims such as damaging your car on a curb, sustaining damage from a pot hole, driving through your garage door, hitting a mailbox and sideswiping another vehicle. Collision coverage makes up a good portion of your premium, so you might think about dropping it from vehicles that are 8 years or older. Drivers also have the option to choose a higher deductible to get cheaper collision coverage.
Auto liability insurance
This coverage protects you from damages or injuries you inflict on other’s property or people. This insurance protects YOU against other people’s claims, and doesn’t cover your own vehicle damage or injuries.
Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see values of 100/300/100 which stand for $100,000 in coverage for each person’s injuries, $300,000 for the entire accident, and $100,000 of coverage for damaged property.
Liability can pay for things such as repair bills for other people’s vehicles, court costs, medical expenses and legal defense fees. How much coverage you buy is a personal decision, but buy as high a limit as you can afford.
Medical payments coverage and PIP
Coverage for medical payments and/or PIP pay for bills for things like X-ray expenses, doctor visits, dental work, nursing services and funeral costs. They are used to fill the gap from your health insurance program or if there is no health insurance coverage. Medical payments and PIP cover not only the driver but also the vehicle occupants as well as getting struck while a pedestrian. Personal Injury Protection is only offered in select states but it provides additional coverages not offered by medical payments coverage
Uninsured/Underinsured Motorist coverage
Your UM/UIM coverage gives you protection from other drivers when they do not carry enough liability coverage. This coverage pays for injuries to you and your family as well as damage to your Chevy Silverado 1500.
Due to the fact that many drivers only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked.
Comprehensive insurance coverage pays for damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.
Comprehensive coverage protects against claims such as rock chips in glass, hitting a bird and vandalism. The highest amount a insurance company will pay at claim time is the cash value of the vehicle, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.
Save for a rainy day
Insureds change insurance companies for a number of reasons such as denial of a claim, delays in paying claims, policy non-renewal and even being labeled a high risk driver. Whatever your reason, finding a great new company is actually quite simple.
We’ve covered many ways to compare 2004 Chevy Silverado 1500 insurance prices online. The key concept to understand is the more times you quote, the higher the chance of saving money. You may be surprised to find that the best price on insurance coverage is with a smaller regional carrier.
As you prepare to switch companies, do not buy less coverage just to save a little money. There have been many cases where someone dropped comprehensive coverage or liability limits only to regret that a couple dollars of savings turned into a financial nightmare. Your aim should be to buy enough coverage at the best price while not skimping on critical coverages.
Additional insurance coverage information is available at the links below
- What if I Can’t Find Coverage? (Insurance Information Insitute)
- Distracted Driving Extends Beyond Texting (State Farm)
- Crash Avoidance Technologies FAQ (iihs.org)
- Top Signs Your Brakes are Giving Out (State Farm)
Find the Cheapest Quotes in Your Area
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Rates by U.S. City
|New York City, NY||$1,719|
|Los Angeles, CA||$1,860|
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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||$65|
|5-yr Claim Free||$68|
|Paid in Full/EFT||$38|
Discounts are estimated and may not be available from every company or in every state.