2013 Chevrolet Silverado Insurance Rates
Average insurance rates for a 2013 Chevrolet Silverado are $1,390 a year with full coverage. Comprehensive insurance costs an estimated $250 each year, collision costs $450, and liability costs $510. Buying a liability-only policy costs as little as $568 a year, with high-risk insurance costing $3,010 or more. Teenage drivers receive the highest rates at $5,390 a year or more.
Annual premium for full coverage: $1,390
Rate estimates for 2013 Chevrolet Silverado Insurance
Rate data is compiled from all 50 U.S. states and averaged for all 2013 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 $568 for the bare minimum liability coverage to a high rate of $3,010 for a high risk driver.
These differences demonstrate why all drivers should compare rates for a targeted area and risk profile, instead of making a decision based on average rates.
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Recommended Companies for Cheap 2013 Chevrolet Silverado Insurance
Want the cheapest insurance rates for your Chevrolet Silverado 1500? Saving money on insurance can be challenging for consumers new to comparison shopping online. Drivers have so many options available that it can easily become more work than you anticipated to locate the lowest price.
Discounts are great for lower rates
Insurance can cost an arm and a leg, buy you may qualify for discounts that you may not know about. Certain discounts will be triggered automatically at quote time, but a few need to be requested specifically before you get the savings.
- Service Members Pay Less – Being on active duty in the military can result in better rates.
- Life Insurance – Select insurance companies reward you with a break if you buy life insurance.
- Pay Now and Pay Less – If you pay your bill all at once instead of paying each month you could save up to 5%.
- Multi-car Discount – Insuring more than one vehicle on one policy could earn a price break for each car.
- No Claims – Good drivers with no accidents can earn big discounts as compared to frequent claim filers.
- Low Mileage Discounts – Keeping the miles down on your Chevy could be rewarded with better rates on cars that stay parked.
It’s important to note that some of the credits will not apply to the overall cost of the policy. Most only cut the price of certain insurance coverages like liability and collision coverage. Just because it seems like you would end up receiving a 100% discount, you’re out of luck. But any discount will cut the amount you have to pay.
Insurance companies that may offer some of the above discounts include:
Recommended Companies for the Best Insurance Rates
Check with each company which discounts they offer. Discounts may not be available in your state.
You may need specialized coverage
When choosing proper insurance coverage for your personal vehicles, there really is no cookie cutter policy. Everyone’s situation is unique.
For example, these questions can help discover if your situation might need professional guidance.
- How do I buy GAP insurance?
- Am I covered if my car is in a flood?
- Do I have coverage when making deliveries for my home business?
- Can I rent a car in Mexico?
- What can I do if my company won’t pay a claim?
- Am I getting all the discounts available?
If it’s difficult to answer those questions but you think they might apply to your situation, you may need to chat with a licensed agent. To find lower rates from a local agent, take a second and complete this form.
Ads can be misleading
Auto insurance companies such as Allstate and Progressive continually stream ads on television and other media. They all seem to say the same thing of big savings after switching your policy. But how can every company make almost identical claims?
Different companies have a certain “appetite” for the right customer they prefer to insure. For instance, a driver they prefer could be between 25 and 40, has no prior claims, and has a high credit rating. Any driver who fits that profile is entitled to the best price and therefore will pay quite a bit less when switching companies.
Consumers who don’t meet this ideal profile will be charged higher premiums which leads to the customer not buying. The ads state “customers that switch” but not “drivers who get quotes” save that much money. That is how insurance companies can confidently claim big savings.
That is why you need to compare many company’s rates. It’s not possible to predict which auto insurance company will give you the biggest savings on Chevy Silverado 1500 insurance.
Car insurance coverage breakdown
Knowing the specifics of a car insurance policy aids in choosing appropriate coverage and the correct deductibles and limits. Policy terminology can be ambiguous and reading a policy is terribly boring.
Coverage for uninsured or underinsured drivers – This coverage gives you protection when other motorists are uninsured or don’t have enough coverage. Covered claims include hospital bills for your injuries and damage to your Chevy Silverado 1500.
Because many people only purchase the least amount of liability that is required, their limits can quickly be used up. This is the reason having UM/UIM coverage is very important. Normally these coverages are similar to your liability insurance amounts.
Liability – This protects you from damage or injury you incur to other people or property in an accident. It consists of three limits, bodily injury per person, bodily injury per accident and property damage. You might see liability limits of 100/300/100 which stand for $100,000 bodily injury coverage, $300,000 for the entire accident, and a total limit of $100,000 for damage to vehicles and property. Some companies may use one limit called combined single limit (CSL) that pays claims from the same limit without having the split limit caps.
Liability coverage protects against claims like court costs, repair costs for stationary objects, pain and suffering and bail bonds. How much liability coverage do you need? That is a decision to put some thought into, but buy as much as you can afford.
Comprehensive car insurance – Comprehensive insurance coverage pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible then your comprehensive coverage will pay.
Comprehensive can pay for things such as damage from flooding, damage from getting keyed, vandalism and hail damage. The most you’ll receive from a claim is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.
Coverage for medical expenses – Personal Injury Protection (PIP) and medical payments coverage reimburse you for short-term medical expenses for things like doctor visits, funeral costs and pain medications. They can be utilized in addition to your health insurance policy or if you lack health insurance entirely. Medical payments and PIP cover both the driver and occupants as well as being hit by a car walking across the street. Personal injury protection coverage is not available in all states and may carry a deductible
Collision coverage – Collision coverage will pay to fix damage to your Silverado 1500 resulting from a collision with another vehicle or an object, but not an animal. A deductible applies and then insurance will cover the remainder.
Collision coverage protects against things like backing into a parked car, crashing into a ditch, driving through your garage door and rolling your car. Collision is rather expensive coverage, so consider removing coverage from older vehicles. Drivers also have the option to increase the deductible to save money on collision insurance.
More choices the merrier
We just covered many ideas to compare 2013 Chevy Silverado 1500 insurance prices online. The key thing to remember is the more you quote, the better your chances of lowering your rates. You may even discover the lowest priced insurance comes from a smaller regional carrier.
Consumers switch companies for any number of reasons including unfair underwriting practices, policy cancellation, lack of trust in their agent and delays in responding to claim requests. It doesn’t matter why you want to switch choosing a new company is not as hard as you think.
When buying insurance coverage, don’t be tempted to sacrifice coverage to reduce premiums. In too many instances, someone dropped liability coverage limits and learned later that the few dollars in savings costed them thousands. Your aim should be to get the best coverage possible for the lowest price while not skimping on critical coverages.
Even more information can be read in these articles:
- Understanding Car Crashes Video (iihs.org)
- Teen Driving Statistics (iihs.org)
- Five Mistakes to Avoid (Insurance Information Insitute)
- Vehicle Insurance in the U.S. (Wikipedia)
- What is Full Coverage? (Allstate)
- Medical Payments Coverage (Liberty Mutual)
Find the Cheapest Quotes in Your Area
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Rates by U.S. City
|New York City, NY||$2,193|
|Los Angeles, CA||$2,373|
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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||$97|
|5-yr Claim Free||$89|
|Paid in Full/EFT||$59|
Discounts are estimated and may not be available from every company or in every state.