Cheapest Insurance for a Chevrolet Silverado in Alabama
Enter your Alabama zip code below to view companies that have cheap auto insurance rates.
UPDATED: Nov 5, 2019
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When discussing car insurance, the word “cheap” really shouldn’t be used anywhere in the article as a descriptor for car insurance rates. Notwithstanding, cheap auto insurance for a Chevy Silverado is just plain contradictory. Don’t let that ruin your day, because we are going to show you how you can find auto insurance that is more budget-friendly.
Finding the cheapest car insurance for a Chevy Silverado in Alabama depends upon a complex equation that considers factors such as your marital status, your credit history, and physical damage deductibles. Drivers in Alabama pay on average $1,340 every 12 months to buy insurance for a Chevrolet Silverado, but that price is rating a 50-year-old single male driver who needs full coverage including both comprehensive and collision and $100 physical damage deductibles.
This brings up the issue that more than likely you are not 50 and maybe not even a male, married instead of single, or maybe your Silverado is an older model. This illustrates why the most reliable method for finding affordable rates for your Chevrolet is to compare as many rates as you can.
Your Chevrolet’s trim level will have an impact price, so the price to insure a Silverado LS Regular Cab 2WD trim level will cost $318 less than the insurance cost for the higher-priced Silverado Crew Cab Hybrid 4WD version, as demonstrated by the prices below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Silverado LS Regular Cab 2WD||$218||$444||$430||$26||$128||$1,246||$104|
|Silverado LS Regular Cab 4WD||$218||$444||$382||$22||$114||$1,180||$98|
|Silverado LT Regular Cab 2WD||$250||$540||$430||$26||$128||$1,374||$115|
|Silverado LT Regular Cab||$250||$540||$430||$26||$128||$1,374||$115|
|Silverado LS Extended Cab 4WD||$250||$540||$382||$22||$114||$1,308||$109|
|Silverado LT Extended Cab 4WD||$250||$540||$382||$22||$114||$1,308||$109|
|Silverado LT Extended Cab 2WD||$250||$540||$430||$26||$128||$1,374||$115|
|Silverado LS Extended Cab 2WD||$250||$540||$430||$26||$128||$1,374||$115|
|Silverado LT Crew Cab 4WD||$282||$636||$382||$22||$114||$1,436||$120|
|Silverado LS Crew Cab 2WD||$282||$636||$430||$26||$128||$1,502||$125|
|Silverado LS Crew Cab 4WD||$282||$636||$382||$22||$114||$1,436||$120|
|Silverado LT Crew Cab 2WD||$282||$636||$430||$26||$128||$1,502||$125|
|Silverado LTZ Extended Cab 2WD||$282||$636||$430||$26||$128||$1,502||$125|
|Silverado LTZ Extended Cab 4WD||$282||$636||$382||$22||$114||$1,436||$120|
|Silverado LTZ Crew Cab 2WD||$282||$636||$430||$26||$128||$1,502||$125|
|Silverado LTZ Crew Cab 4WD||$282||$636||$382||$22||$114||$1,436||$120|
|Silverado Crew Cab Hybrid 2WD||$282||$732||$382||$22||$114||$1,532||$128|
|Silverado Crew Cab Hybrid 4WD||$314||$732||$382||$22||$114||$1,564||$130|
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Cost estimates assume single male driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Alabama minimum liability limits. Discounts applied include multi-vehicle, claim-free, safe-driver, multi-policy, and homeowner. Rate information does not factor in specific location which can alter rates greatly.
Picking the highest-rated insurance provider can be difficult considering how many companies are available to choose from in Alabama. The ranking information in the lists below could help you choose which insurers you want to consider when trying to find the cheapest insurance for a Chevy Silverado.
These ratings are only comprised of major nationwide insurance companies, so companies that focus mainly on Alabama business are not taken into consideration for the list. To compare rates from these and other competitive companies, just click here.
|Company||Value||Customer Service||Claims||Customer Satisfaction||A.M Best Rating||Overall Score|
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Data Source: Insure.com Best Car Insurance Companies
Liability only or full coverage
Finding the cheapest insurance for a Chevy Silverado in Alabama is the goal of most vehicle owners, and one of the fastest ways to lower the cost of insurance is to not buy full coverage. The diagram below compares premium costs with and without full coverage. The premiums assume no violations or accidents, $1,000 deductibles, drivers are single, and no additional discounts are factored in.
If we average the cost for ages 20 through 70, physical damage coverage on your policy costs $1,915 per year more than just insuring for liability. At some point, almost every driver questions when is the right time to remove full coverage. There is no definitive guideline of when to eliminate full coverage, but there is a general guideline you can use. If the annual cost of your full coverage insurance is 10% or more of the vehicle’s replacement cost less your deductible, then it might be time to consider dropping full coverage.
Why you should be shopping around
Alabama auto insurance rates are impacted by many factors that control the cost of a policy. Improving your credit rating, having a teen driver, or getting a ticket for careless driving may generate price changes resulting in some companies being cheaper in comparison to the competition.
Not only may things change on your end, but insurers file new Alabama car insurance rates without warning to adjust for heavy claims or excess profits. Higher than usual claims can result in rate hikes, while profitable underwriting may cause lower-cost Silverado insurance rates.
To illustrate this example, the data below shows the companies that have the cheapest car insurance in Alabama for a 35-year-old female driver with no violations or accidents, and a high credit rating. Based on her current risk factors, Travelers has the best car insurance rates in Alabama at $807 each year. This is $669 less than the average premium paid by Alabama drivers of $1,476. Cincinnati Insurance, USAA, GEICO, and Auto-Owners also make the list of the top five cheapest Alabama auto insurance companies.
The chart below compares rates after we give the driver from the first set of rates a couple of claims, slightly worse credit, and a traffic citation. Since every insurance provider uses their own calculation for setting prices, getting updated rate quotes could now result in a completely different list of the cheapest Alabama car insurance companies as shown below.
Cincinnati Insurance now has the best auto insurance rate in Alabama with Safeway, Progressive, MetLife, and USAA now being in the top five. This shows why it is crucial to do a thorough rate comparison to get cheap insurance quotes for a Chevy Silverado.
Rates are calculated by many things and change dramatically, so the most economical company when you bought your policy may now be priced much higher than other options.
How to find the cheapest insurance for a Chevy Silverado in Alabama
Below you’ll find many money-saving solutions that can help Alabama drivers locate low-cost auto insurance.
- Buy a vehicle with excellent safety ratings
- Save money by only buying liability coverage for older vehicles
- Higher credit scores can equal lower rates
- Increase your deductibles
- Prevent price hikes by avoiding at-fault accidents
- Violations like speeding or DUI increase rates
- Compare price quotes at least once a year
That last idea is certainly valuable, as was affirmed in this article. Prices charged by auto insurers vary considerably, so don’t be tentative to switch companies if a cheaper price is available. Many drivers prefer to stick with one company, but it’s not recommended if your bullheadedness ends up costing you a lot of money every month. It only takes a couple minutes to shop around to find cheaper car insurance for a Chevy Silverado.
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