2015 Chevrolet Silverado Insurance Rates
Average insurance rates for a 2015 Chevrolet Silverado are $1,442 a year including full coverage. Comprehensive costs approximately $274, collision costs $502, and liability costs $486. Buying a liability-only policy costs as little as $548 a year, with high-risk insurance costing around $3,122. Teen drivers receive the highest rates at $5,516 a year or more.
Annual premium for full coverage: $1,442
Rate estimates for 2015 Chevrolet Silverado Insurance
Rate data is compiled from all 50 U.S. states and averaged for all 2015 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 driver in their 40's, prices range go from as low as $548 for just liability coverage to the much higher price of $3,122 for a driver who has had serious violations or accidents.
These differences highlight why everyone should compare rates using their specific location and risk profile, instead of making a decision based on price averages.
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Recommended Companies for Cheap 2015 Chevrolet Silverado Insurance
Looking for cheaper insurance coverage rates for your Chevrolet Silverado 1500? People who are new to price shopping insurance online could find purchasing low-cost insurance coverage to be a formidable task.
You need to get comparison quotes yearly because prices change frequently. Despite the fact that you may have had the best price for Silverado coverage a year ago there is a good chance you can find better rates now. You’ll find quite a bit of inaccurate information about insurance coverage on the web, but I’m going to show you some proven techniques to reduce your insurance coverage bill.
Choosing the best insurance company for you is easy if you know what you’re doing. If you currently have a car insurance policy, you will most likely be able to reduce your rates substantially using this information. Nevertheless, vehicle owners need to learn the way insurance companies determine prices and apply this information to your search.
Get lower rates on 2015 Chevy Silverado 1500 insurance
Companies that sell car insurance don’t always publicize all their discounts in an easy-to-find place, so the following is a list of some of the best known as well as the least known ways to save on insurance coverage.
Recommended Companies for the Best Insurance Rates
- Theft Prevention Discount – Vehicles with anti-theft systems help deter theft and earn discounts up to 10%.
- Accident Forgiveness – Some insurance companies will forgive one accident before raising your premiums as long as you don’t have any claims prior to the accident.
- Lower Rates for Military – Having a family member in the military can result in better rates.
- Anti-lock Brake Discount – Vehicles equipped with ABS or steering control can avoid accidents and therefore earn up to a 10% discount.
- Use Seat Belts – Buckling up and requiring all passengers to use a seat belt can save up to 15% on the medical payments or PIP coverage costs.
- More Vehicles More Savings – Buying insurance for multiple cars or trucks on the same insurance coverage policy could earn a price break for each car.
- Claim Free – Drivers who don’t have accidents pay much less as compared to bad drivers.
- Student Driver Training – Have your child complete a driver education course in school.
- Distant Student – Children who live away from home without a vehicle on campus may qualify for this discount.
Drivers should understand that most discounts do not apply the whole policy. Some only apply to the price of certain insurance coverages like liability and collision coverage. Just because you may think you would end up receiving a 100% discount, insurance coverage companies aren’t that generous.
To see a list of insurance companies offering insurance coverage discounts, click here.
Tailor your coverage to you
When buying the right insurance coverage for your vehicles, there really is no one size fits all plan. Each situation is unique.
These are some specific questions can aid in determining whether your personal situation would benefit from an agent’s advice.
- What can I do if my company denied a claim?
- Am I covered by my employer’s commercial auto policy when driving my personal car for business?
- Do I need motorclub coverage?
- Is my babysitter covered when using my vehicle?
- How much liability do I need to cover my assets?
- Do I have coverage when pulling a U-Haul trailer?
- What companies insure drivers after a DUI or DWI?
- Is there coverage for injuries to my pets?
- Can my teen drive my company car?
- Do I need to file an SR-22 for a DUI in my state?
If you’re not sure about those questions, you may need to chat with an insurance agent. To find lower rates from a local agent, take a second and complete this form.
Misconceptions in auto insurance advertisements
21st Century, Allstate and State Farm continually stream ads on TV and radio. All the companies say the same thing about savings after switching your coverage to them. How do they all claim to save you money? It’s all in the numbers.
All the different companies have a certain “appetite” for the driver they prefer to insure. An example of a profitable customer could possibly be between the ages of 40 and 55, is a homeowner, and drives less than 7,500 miles a year. A propective insured who fits that profile will get the preferred rates and is almost guaranteed to save when switching.
Consumers who don’t meet these standards will be quoted a higher premium which leads to the driver buying from a lower-cost company. The ad wording is “people who switch” but not “drivers who get quotes” save money. That is how insurance companies can make the claims of big savings. This emphasizes why drivers must compare as many rates as you can. You cannot predict which company will fit your personal profile best.
Detailed coverages of your insurance policy
Learning about specific coverages of a insurance policy can be of help when determining the right coverages at the best deductibles and correct limits. Policy terminology can be ambiguous and even agents have difficulty translating policy wording.
Uninsured Motorist or Underinsured Motorist insurance – Uninsured or Underinsured Motorist coverage provides protection when the “other guys” either are underinsured or have no liability coverage at all. This coverage pays for hospital bills for your injuries as well as your vehicle’s damage.
Because many people carry very low liability coverage limits, their limits can quickly be used up. This is the reason having UM/UIM coverage should not be overlooked.
Collision coverages – This will pay to fix damage to your Silverado 1500 caused by collision with another vehicle or an object, but not an animal. You have to pay a deductible and the rest of the damage will be paid by collision coverage.
Collision coverage protects against things like colliding with another moving vehicle, damaging your car on a curb and crashing into a ditch. Collision is rather expensive coverage, so consider removing coverage from older vehicles. Drivers also have the option to raise the deductible to save money on collision insurance.
Liability – This can cover injuries or damage you cause to other people or property by causing an accident. It protects YOU from legal claims by others, and does not provide coverage for damage to your own property or vehicle.
Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. Your policy might show liability limits of 25/50/25 that translate to a $25,000 limit per person for injuries, a per accident bodily injury limit of $50,000, and a total limit of $25,000 for damage to vehicles and property.
Liability can pay for claims such as repair costs for stationary objects, loss of income, attorney fees, medical expenses and bail bonds. How much liability coverage do you need? That is a decision to put some thought into, but you should buy higher limits if possible.
Comprehensive coverage (or Other than Collision) – Comprehensive insurance pays to fix your vehicle from damage from a wide range of events other than collision. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive coverage protects against things like damage from flooding, hail damage, damage from a tornado or hurricane, vandalism and rock chips in glass. The highest amount you’ll receive from a claim is the cash value of the vehicle, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.
Insurance for medical payments – Medical payments and Personal Injury Protection insurance pay for bills like chiropractic care, nursing services and prosthetic devices. The coverages can be used to cover expenses not covered by your health insurance plan or if you are not covered by health insurance. They cover not only the driver but also the vehicle occupants and also covers any family member struck as a pedestrian. Personal Injury Protection is only offered in select states but can be used in place of medical payments coverage
Have the Midas touch
Drivers who switch companies do it for a number of reasons such as lack of trust in their agent, delays in paying claims, poor customer service and even an unsatisfactory settlement offer. Whatever your reason, finding a new insurance company is easier than you think.
We’ve covered many tips how you can lower your 2015 Chevy Silverado 1500 insurance rates. The key thing to remember is the more you quote, the better chance you’ll have of finding lower rates. Consumers may even find the lowest rates come from a small local company.
While you’re price shopping online, do not sacrifice coverage to reduce premiums. There have been many situations where an insured dropped liability limits or collision coverage and learned later that their decision to reduce coverage ended up costing them more. Your goal should be to buy the best coverage you can find at the best price while not skimping on critical coverages.
More information is located at these links:
- Vehicle Safety Ratings (iihs.org)
- Auto Insurance for Teen Drivers (Insurance Information Insitute)
- Car Insurance FAQ (Trusted Choice)
- Learn About Car Insurance (GEICO)
- Determining Your Vehicle’s Value and Repair Cost (Insurance Information Insitute)
- State Laws for Cellphones and Texting (iihs.org)
Find the Cheapest Quotes in Your Area
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Rates by U.S. City
|New York City, NY||$2,274|
|Los Angeles, CA||$2,460|
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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||$103|
|5-yr Claim Free||$93|
|Paid in Full/EFT||$63|
Discounts are estimated and may not be available from every company or in every state.