View 2021 Chevrolet Silverado 1500 Insurance Quotes in 2024

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Jeffrey Johnson

Insurance Lawyer

Jeffrey Johnson is a legal writer with a focus on personal injury. He has worked on personal injury and sovereign immunity litigation in addition to experience in family, estate, and criminal law. He earned a J.D. from the University of Baltimore and has worked in legal offices and non-profits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman Univer...

Insurance Lawyer

UPDATED: Apr 29, 2024

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Having to pay for pricey insurance coverage can dwindle your savings account and force you to cut corners elsewhere.

Multiple car insurance companies compete for your hard-earned dollar, so it’s not easy to compare every insurance company to find the lowest cost out there.

Quote insurance coverage online

To find inexpensive insurance coverage quotes, there are several ways to compare quotes from different companies. The recommended way to lower the rate you pay for 2021 Chevy Silverado 1500 insurance consists of shopping online. This is quite simple and can be completed in just a few minutes using one of these methods.

The first (and easiest) way consumers can analyze rates is to use a rate comparison form. This form keeps you from doing multiple quote forms for each company. Taking the time to complete one form gets insurance cost estimates from insurance coverage companies with the best prices.

A harder way to shop for insurance coverage online is to manually visit each company website and complete a new quote form. For instance, let’s say you need rates from GEICO, 21st Century and American Family. You would be required to visit each site and type in your information over and over, which is why the first method is more popular.

The most difficult way to comparison shop rate quotes is driving around to all the different insurance agencies. Comparing rate quotes online reduces the need to sit down with an agent unless your situation requires the professional assistance that only an agent can give. Drivers can get the lowest quotes online but buy from a local insurance agent.

Whichever way you use, make sure you are using apples-to-apples coverages and limits with each company. If each company quotes different values for each quote it will be impossible to get a fair rate comparison. Slightly different coverages may cause a big price difference. And when comparison shopping, making a lot of price comparisons increases your odds of finding more affordable rates. Some companies don’t provide price estimates online, so you should also compare price estimates from them as well.

Insurance coverage policy discounts

Some insurers do not list all their discounts very well, so the below list has both the well known and also the more inconspicuous credits available to you. If you are not receiving all the discounts you qualify for, it’s possible you qualify for a lower rate.

  • Good Student Discount – Being a good student can get you a discount of up to 25%. Earning this discount can benefit you up to age 25.
  • No Claim Discounts – Good drivers with no accidents can earn big discounts in comparison with insureds who have frequent claims or accidents.
  • Student Discount for Driver Training – Have your child enroll in driver’s education if it’s offered in school.
  • Accident Forgiveness Coverage – This one is not really a discount per se, but a handful of insurance companies will forgive one accident before your rates go up if your claims history is clear prior to being involved in the accident.
  • Government Employees – Federal government employees could qualify for a slight premium decrease on Silverado coverage but check with your company.
  • Data Collection Discounts – Drivers that enable data collection to scrutinize where and when they drive remotely such as Progressive’s Snapshot may get a rate reduction if they show good driving skills.
  • Air Bag Discount – Vehicles equipped with air bags or automatic seat belts may earn rate discounts of 25 to 30%.
  • Cautious Driver Discount – Accident-free drivers could pay up to 40% less on Silverado coverage as compared to drivers with claims.
  • Anti-lock Brake System – Cars with anti-lock braking systems are much safer to drive and the ABS can save up to 10%.

Discounts lower rates, but most credits do not apply to the entire policy premium. A few only apply to specific coverage prices like comp or med pay. Despite the appearance that it’s possible to get free car insurance, you won’t be that lucky.

A list of insurance coverage companies and their possible discounts are outlined below.

  • Progressive offers discounts for online signing, multi-policy, homeowner, good student, and continuous coverage.
  • GEICO has savings for federal employee, good student, seat belt use, daytime running lights, military active duty, and air bags.
  • State Farm may offer discounts for good driver, student away at school, defensive driving training, good student, safe vehicle, and Steer Clear safe driver discount.
  • Esurance may have discounts that include renters, claim free, online quote, multi-car, and online shopper.
  • The Hartford offers discounts including defensive driver, vehicle fuel type, driver training, anti-theft, and bundle.

Check with every company which discounts you qualify for. Discounts may not be offered everywhere. If you would like to view insurance companies who offer free insurance coverage quotes, enter your zip code here.

Components of your Chevy Silverado 1500 insurance prices

One of the most helpful ways to save on insurance coverage is to to have a grasp of some of the elements that are used to determine your insurance coverage rates. If you know what controls the rates you pay, this enables informed choices that could result in lower rates.

The items below are a few of the “ingredients” insurance coverage companies consider when setting your premiums.

  • Extra coverages push up prices – Policies have optional add-on coverages that you can buy on your insurance coverage policy. Insurance for things like rental car coverage, death and dismemberment, and additional equipment coverage may not be needed and are just wasting money. These may sound like a good investment when buying your policy, but if you don’t need them eliminate the coverages to reduce your premium.
  • Employer impacts premiums – Did you know your career choice can influence rates? Occupations such as real estate brokers, airline pilots and accountants tend to pay the highest rates because of stressful work requirements and lengthy work days. Conversely, careers such as actors, students and homemakers receive lower rates on Silverado coverage.
  • Pay lower prices after the wedding – Your spouse can get you a discount on your insurance coverage policy. Having a spouse means you’re more financially stable and statistics prove married drivers tend to file fewer claims.
  • Pleasure use saves money – The higher the miles on your Chevy in a year’s time the more you’ll pay to insure your vehicle. A lot of companies charge to insure your cars based on how the vehicle is used. Cars and trucks left parked in the garage get more affordable rates than vehicles that are driven to work every day. Make sure your insurance coverage policy correctly shows how each vehicle is driven, because improper ratings can cost you money. Incorrect rating for your Silverado 1500 may be costing you.
  • Your gender affects rates – The statistics show that females tend to be a little less risky than males. The data does not necessarily mean that males are worse at driving than females. Women and men are in auto accidents in similar numbers, but the males cause more damage. In addition to higher claims, males also receive more costly citations such as reckless driving. Male drivers age 16 to 19 are several times more likely to be in an accident and therefore have the most expensive insurance coverage rates.
  • Adjust deductibles and save – Coverage for physical damage, also called comprehensive and collision insurance, is used to repair damage to your vehicle. Some examples of covered claims are collision with another vehicle, collision with an animal, and damage caused by flying debris. Deductibles for physical damage tell how much you are willing to pay out-of-pocket if you file a covered claim. The larger the amount you pay before a claim is paid (deductible), the less money you will pay for insurance coverage on Silverado coverage.
  • Car plus home equals more savings – Some insurers give better rates to buyers that purchase more than one policy. It’s known as a multi-policy discount. This can amount to five, ten or even twenty percent. Even if you’re getting this discount drivers will still want to compare rates to make sure you are getting the best deal. It’s possible to still save even more than the discount even if you insure with multiple companies.

How do I know if I need professional advice?

When it comes to choosing coverage for your personal vehicles, there really is no “perfect” insurance plan. Every situation is different so your insurance needs to address that. For example, these questions can aid in determining whether your personal situation might need professional guidance.

  • What if I total my 2021 Chevy Silverado 1500 and owe more than it’s worth?
  • Is a fancy paint job covered?
  • Why do I only qualify for high-risk insurance?
  • Exactly who is provided coverage by my policy?
  • Should I bundle my homeowners policy with my auto?
  • Do I have newly-acquired coverage?
  • Am I covered if my car is in a flood?
  • Do I need more liability coverage?
  • When should I remove comp and collision on my 2021 Chevy Silverado 1500?
  • Is a blown tire covered by insurance?

If it’s difficult to answer those questions but you think they might apply to your situation, then you may want to think about talking to an agent. If you want to speak to an agent in your area, complete your zip code.

Are you falling for claims of savings?

Insurance coverage providers like State Farm and Allstate endlessly run ads on television and other media. All the companies make the point that drivers will save a bundle just by moving your insurance coverage policy to them. That’s great but how can every company charge you a lower premium? You have to listen carefully.

All companies have specific guidelines for the type of customer that will not have excessive claims. A good example of a preferred risk should be over age 30, insures multiple vehicles, and drives a safe vehicle. A customer getting a price quote who fits those characteristics will get the preferred premium rates and have a good chance to cut their rates if they switch.

Potential insureds who are not a match for those criteria will be charged higher premium rates which translates to business going elsewhere. Company advertisements say “drivers who switch” not “all people who quote” will save that much if they switch. This is how insurance companies can make the claims of big savings.

This really drives home the point why it is so important to do a quote comparison often. It is impossible to predict which insurance companies will give you the biggest savings.

Car insurance coverage information

Having a good grasp of your auto insurance policy aids in choosing which coverages you need at the best deductibles and correct limits. Policy terminology can be difficult to understand and reading a policy is terribly boring. Listed below are typical coverages found on most auto insurance policies.

Collision coverages – Collision coverage will pay to fix damage to your Silverado 1500 from colliding with another car or object. You will need to pay your deductible and then insurance will cover the remainder.

Collision insurance covers things like damaging your car on a curb, sustaining damage from a pot hole, scraping a guard rail and colliding with another moving vehicle. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. Another option is to bump up the deductible to get cheaper collision coverage.

Liability car insurance – Liability coverage protects you from damages or injuries you inflict on other people or property by causing an accident. This coverage protects you against other people’s claims. It does not cover your own vehicle damage or injuries.

Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have values of 25/50/25 which stand for $25,000 in coverage for each person’s injuries, $50,000 for the entire accident, and property damage coverage for $25,000. Alternatively, you may have a combined single limit or CSL that pays claims from the same limit without having the split limit caps.

Liability coverage protects against claims like repair costs for stationary objects, attorney fees, repair bills for other people’s vehicles and legal defense fees. The amount of liability coverage you purchase is a personal decision, but you should buy as large an amount as possible.

Comprehensive coverage (or Other than Collision) – This coverage will pay to fix damage from a wide range of events other than collision. You first must pay your deductible then your comprehensive coverage will pay.

Comprehensive can pay for things like fire damage, rock chips in glass and damage from a tornado or hurricane. The highest amount you can receive from a comprehensive claim is the ACV or actual cash value, so if the vehicle is not worth much consider removing comprehensive coverage.

Insurance for medical payments – Medical payments and Personal Injury Protection insurance reimburse you for short-term medical expenses like dental work, rehabilitation expenses, chiropractic care and prosthetic devices. The coverages can be used to cover expenses not covered by your health insurance policy or if you lack health insurance entirely. Coverage applies to all vehicle occupants and will also cover getting struck while a pedestrian. PIP is not universally available and may carry a deductible

Uninsured Motorist or Underinsured Motorist insurance – Your UM/UIM coverage gives you protection from other motorists when they either are underinsured or have no liability coverage at all. Covered losses include hospital bills for your injuries as well as damage to your 2021 Chevy Silverado 1500.

Since many drivers carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage is a good idea. Normally these coverages are identical to your policy’s liability coverage.

Don’t throw your cash in the trash

When buying insurance coverage, you should never sacrifice coverage to reduce premiums. There are a lot of situations where drivers have reduced liability coverage limits to discover at claim time that saving that couple of dollars actually costed them tens of thousands. Your goal is to find the BEST coverage for the lowest cost and still be able to protect your assets.

We just presented quite a bit of information on how to get a better price on 2021 Chevy Silverado 1500 insurance. It’s most important to understand that the more rate comparisons you have, the better your comparison will be. You may be surprised to find that the most savings is with a small local company. These smaller insurers may have significantly lower rates on certain market segments than their larger competitors like State Farm, GEICO and Nationwide.

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