2007 Chevrolet Silverado Insurance Rates
Average insurance rates for a 2007 Chevrolet Silverado are $1,184 a year including full coverage. Comprehensive insurance costs approximately $186 each year, collision costs $284, and liability coverage costs $534. Buying a liability-only policy costs as little as $588 a year, with high-risk insurance costing $2,560 or more. Teenage drivers receive the highest rates at $4,764 a year or more.
Annual premium for full coverage: $1,184
Rate estimates for 2007 Chevrolet Silverado Insurance
Rate data is compiled from all 50 U.S. states and averaged for all 2007 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 $588 for only liability insurance to a high rate of $2,560 for a high risk driver.
These differences highlight why all drivers should compare rates using their specific location and risk profile, rather than using average rates.
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Recommended Companies for Cheap 2007 Chevrolet Silverado Insurance
Searching for better insurance prices for a Chevy Silverado 1500 can be a painful process, but you can use a few tricks to make it easier. There is a better way to find car insurance online so we’re going to tell you the quickest way to get price quotes for a new or used Chevy and obtain the lowest price from local insurance agents and online providers.
Consumers should take time to get comparison quotes on a regular basis since insurance rates go up and down regularly. If you had the best price for Silverado coverage last year there may be better deals available now. Block out anything you think you know about car insurance because we’re going to demonstrate the fastest and easiest way to properly buy coverages while reducing your premium.
Buying car insurance is quite easy. If you have a policy now or need new coverage, you will benefit by learning to get lower rates and still get good coverage. Vehicle owners just need to learn how to get comparison quotes on the web.
How to Buy Insurance Coverage Online
Getting a lower price on 2007 Chevy Silverado 1500 insurance is surprisingly easy. All you need to do is spend a little time comparing price quotes online with multiple companies. This can be accomplished in a couple of different ways.
Recommended Companies for the Best Insurance Rates
- The recommended way consumers can analyze rates is to use a rate comparison form click to view form in new window. This method keeps you from doing repetitive form submissions for every insurance coverage company. A single form will return quotes from multiple companies. This is perfect if you don’t have a lot of time.
- A more difficult way to compare rate quotes is going to the website for each individual company to complete their respective quote request forms. For examples sake, we’ll pretend you want rates from GEICO, Allstate and State Farm. To get each rate you have to take the time to go to each site and enter your policy data, which is why most consumers use the first method.
For a list of links to insurance companies in your area, click here.
However you get your quotes, make darn sure you compare the exact same deductibles and coverage limits with each company. If you have different deductibles you can’t possibly determine the lowest rate for your Chevy Silverado 1500.
Tailor your coverage to you
When buying coverage for your vehicles, there is no cookie cutter policy. Every situation is different.
These are some specific questions might point out whether you will benefit from professional help.
- Do I need PIP (personal injury protection) coverage in my state?
- I have health insurance so do I need medical payments coverage?
- How much liability insurance is required?
- Do I need replacement cost coverage on my 2007 Chevy Silverado 1500?
- What is roadside assistance coverage?
- Can I afford to pay high deductible claims out of pocket?
If you’re not sure about those questions but one or more may apply to you, you may need to chat with a licensed insurance agent. If you don’t have a local agent, fill out this quick form. It only takes a few minutes and can provide invaluable advice.
Information about specific coverages
Understanding the coverages of a insurance policy helps when choosing appropriate coverage for your vehicles. Policy terminology can be confusing and coverage can change by endorsement.
Comprehensive coverage (or Other than Collision) – This pays to fix your vehicle from damage OTHER than collision with another vehicle or object. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive can pay for claims such as damage from flooding, rock chips in glass, fire damage, hitting a deer and hitting a bird. The highest amount a insurance company will pay at claim time is the actual cash value, so if the vehicle is not worth much it’s not worth carrying full coverage.
Liability insurance – Liability insurance protects you from injuries or damage you cause to people or other property in an accident. This coverage protects you against claims from other people, and does not provide coverage for damage sustained by your vehicle 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 25/50/25 that means you have a $25,000 limit per person for injuries, $50,000 for the entire accident, and property damage coverage for $25,000.
Liability coverage pays for claims such as emergency aid, funeral expenses, repair bills for other people’s vehicles and repair costs for stationary objects. How much liability should you purchase? That is up to you, but consider buying higher limits if possible.
Uninsured Motorist or Underinsured Motorist insurance – Your UM/UIM coverage protects you and your vehicle when the “other guys” do not carry enough liability coverage. It can pay for medical payments for you and your occupants as well as damage to your Chevy Silverado 1500.
Since many drivers have only the minimum liability required by law, it only takes a small accident to exceed their coverage. So UM/UIM coverage is a good idea.
Collision coverage – This coverage pays to fix your vehicle from damage from colliding with a stationary object or other vehicle. You have to pay a deductible then your collision coverage will kick in.
Collision coverage protects against claims like hitting a parking meter, rolling your car and colliding with another moving vehicle. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from vehicles that are older. Drivers also have the option to raise the deductible in order to get cheaper collision rates.
Insurance for medical payments – Personal Injury Protection (PIP) and medical payments coverage reimburse you for expenses for dental work, doctor visits, rehabilitation expenses and ambulance fees. They can be used to fill the gap from your health insurance policy or if you do not have health coverage. Coverage applies to you and your occupants and will also cover being hit by a car walking across the street. Personal injury protection coverage is not an option in every state and may carry a deductible
Find the Cheapest Quotes in Your Area
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Rates by U.S. City
|New York City, NY||$1,869|
|Los Angeles, CA||$2,028|
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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||$75|
|5-yr Claim Free||$75|
|Paid in Full/EFT||$44|
Discounts are estimated and may not be available from every company or in every state.