View 2019 Chevrolet Silverado 1500 Insurance Cost in 2024

Trying to find better car insurance rates for your Chevrolet Silverado 1500? Paying for pricey Chevrolet Silverado 1500 insurance can diminish your budget and make it hard to pay other bills. Getting a rate comparison can help to ensure you are getting the best deal.

Lots of auto insurance companies contend for your insurance dollar, so it can be very hard to choose a insurance company to get the best rates possible.

If you have a policy now or are shopping for new coverage, you can use this information to shop for the lowest rates and still get good coverage. Buying car insurance is not rocket science. Consumers only need an understanding of the proper methods to shop for insurance coverage online.

Reduce insurance rates with these tips

Part of the car insurance buying process is learning some of the factors that help determine your car insurance rates. If you understand what impacts premium levels, this allows you to make good choices that could help you find cheaper rates.

Listed below are some of the factors used by companies to determine your rate level.

• Too many policy claims will drive car insurance rates up – Auto insurance companies award discounts to policyholders who are claim-free. If you are the type of insured that files lots of claims you can expect either a policy non-renewal or much higher rates. Auto insurance is meant to be used in the event of the large, substantial claims.
• Rates can drop if you have more than one policy – Most larger insurers will award better rates to clients that purchase more than one policy in the form of a multi-policy discount. The discount can be ten or even up to twenty percent in some cases. Even with this discount applied, it’s still a good idea to shop around to verify if the discount is saving money.
• Marriage reduces risk – Being married can get you a discount on your car insurance policy. Marriage demonstrates that you tend to be more financially stable it has been statistically shown that married drivers get in fewer accidents.
• Rural vs Urban Areas – Having an address in smaller towns and rural areas of the country is a positive aspect when insuring your vehicles. Drivers in populated areas regularly have more aggressive driving styles and higher rates of accident claims. Fewer drivers means less chance of accidents in addition to lower liability claims
• Protect yourself with liability coverage – Your policy’s liability coverage is the protection in the event that you are responsible for damages from an accident. It provides legal defense coverage to defend your case. This coverage is very inexpensive when compared with rates for comp and collision, so insureds should have plenty of protection for their assets.
• Drive less and pay lower prices – Driving more miles in a year the more it will cost to insure it. The majority of insurers charge rates partially by how you use the vehicle. Autos that have low annual miles qualify for better rates than vehicles that have high annual mileage. Having the wrong rating on your Silverado 1500 can cost quite a bit. Verify your car insurance policy correctly shows the correct usage.
• Gender impacts premiums – Over time, data shows that females take fewer risks when driving. However, this does not mean males are worse at driving than females. Both sexes get in accidents at about the same rate, but males cause more damage and cost insurance companies more money. They also receive more major tickets such as DWI and reckless driving.
• A good credit rating can save money – Credit rating can be an important factor in determining premium rates. If your credit score could use some work, you could pay less to insure your 2019 Chevrolet Silverado 1500 if you clean up your credit. Insureds that have excellent credit tend to be more responsible and file fewer claims than those with worse credit.

How much does car insurance cost?

Comparing car insurance rates can take time and effort if you don’t understand the best way to get rate quotes. You could waste a few hours driving to local insurance agents in your area, or you could save time and use online quotes to quickly compare rates.

Many companies belong to a marketplace that enables customers to submit their information once, and each company returns a rated price determined by their information. This system prevents you from having to do quote forms for every car insurance company.

To find out what other companies charge enter your zip code here.

The one disadvantage to getting quotes like this is you are unable to specify the insurers you will receive quotes from. If you prefer to choose specific insurance companies to compare rates, we have assembled a list of car insurance companies in your area. Click to enter zip code.

However you get your quotes, be sure to compare apples-to-apples information on every price quote you get. If each company quotes different data it will be nearly impossible to decipher which rate is best.

Be skeptical of insurance coverage ads

Consumers constantly see and hear ads for the lowest price insurance coverage by companies like State Farm, Allstate and GEICO. All the companies advertise claims about how much you will save if you change your insurance coverage coverage to their company.

How can each company give you a lower rate? You have to listen carefully.

All the different companies quote their best rates for a prospective insured that will add to their bottom line. An example of a preferred risk could possibly be over the age of 40, has few claims, and has excellent credit. Any person who fits that profile receive the lowest rate quotes and will most likely cut their rates if they switch.

Drivers who don’t qualify for those criteria will see higher premium rates which results in the prospect going elsewhere. The trick is to say “customers that switch” not “everybody who quotes” save that kind of money. That’s the way insurance companies can confidently make it sound like they have such great premium rates. This emphasizes why you absolutely need to compare price quotes frequently. Because without a comparison, you cannot know which insurance companies will fit you best based on your risk profile.

Save money by taking advantage of discounts

Not many people think insurance is cheap, but you might find some hidden discounts that you may not even know about. Some discounts apply automatically at the time of purchase, but some may not be applied and must be asked about before being credited.

• Fewer Miles Equal More Savings – Keeping the miles down on your Chevy may enable drivers to earn lower premium rates due to less chance of an accident.
• Federal Government Employee – Employees or retirees of the government could cut as much as 10% off on Silverado coverage with some car insurance companies.
• Air Bags and Passive Restraints – Vehicles equipped with air bags or motorized seat belts may get savings of 25 to 30%.
• Auto/Home Discount – If you can bundle your homeowners and auto insurance and place coverage with the same company they may give you a discount of over 10 percent off each policy depending on the company.
• Membership in Organizations – Having an affiliation with a qualifying organization may earn a discount on your next renewal.

Policy discounts save money, but many deductions do not apply to the entire policy premium. Most only cut specific coverage prices like collision or personal injury protection. So even though you would think you would end up receiving a 100% discount, companies don’t profit that way.

A few of the larger companies and some of their more popular discounts are shown below.

• State Farm offers discounts including student away at school, good student, multiple autos, defensive driving training, and passive restraint.
• GEICO discounts include seat belt use, military active duty, good student, daytime running lights, and multi-policy.
• SAFECO may have discounts that include homeowner, bundle discounts, drive less, teen safety rewards, teen safe driver, and anti-theft.
• Farmers Insurance includes discounts for bundle discounts, teen driver, good student, youthful driver, homeowner, alternative fuel, and switch companies.
• AAA offers premium reductions for multi-policy, good student, multi-car, anti-theft, and AAA membership discount.
• USAA policyholders can earn discounts including new vehicle, multi-policy, good student, loyalty savings, and military installation.

Double check with all the companies to give you their best rates. Some of the discounts discussed earlier may not be available in your area. If you would like to view insurance companies that offer multiple discounts, enter your zip code here.

How much insurance coverage do I need?

When it comes to choosing the right insurance coverage for your vehicles, there really is no perfect coverage plan. Your needs are not the same as everyone else’s and a cookie cutter policy won’t apply. These are some specific questions might point out whether you would benefit from an agent’s advice.

• Does my medical payments coverage pay my health insurance deductible?
• What is the ISO rating for a 2019 Chevy Silverado 1500?
• Am I covered when renting a car or should I buy coverage from the car rental agency?
• When would I need additional glass coverage?
• Does coverage extend to my business vehicle?
• What is the difference between comprehensive and collision coverage?
• What is UM/UIM insurance?
• Am I covered when driving in Canada or Mexico?
• Is my Chevy Silverado 1500 covered if I use it for business?
• Do I pay less for low miles?

If you’re not sure about those questions, then you may want to think about talking to a licensed agent. To find an agent in your area, take a second and enter your zip code. It only takes a few minutes and you can get the answers you need.

Insurance coverage considerations

Learning about specific coverages of a insurance policy can help you determine which coverages you need at the best deductibles and correct limits. The terms used in a policy can be difficult to understand and reading a policy is terribly boring. These are the usual coverages found on the average insurance policy.

Uninsured or underinsured coverage

This coverage provides protection from other motorists when they either have no liability insurance or not enough. Covered claims include hospital bills for your injuries as well as your vehicle’s damage.

Since many drivers carry very low liability coverage limits, their limits can quickly be used up. For this reason, having high UM/UIM coverages is important protection for you and your family.

Medical expense coverage

Medical payments and Personal Injury Protection insurance provide coverage for short-term medical expenses such as rehabilitation expenses, X-ray expenses, nursing services, hospital visits and doctor visits. They can be utilized in addition to your health insurance policy or if there is no health insurance coverage. Medical payments and PIP cover all vehicle occupants and will also cover getting struck while a pedestrian. PIP coverage is only offered in select states but it provides additional coverages not offered by medical payments coverage

Collision protection

This coverage will pay to fix damage to your Silverado 1500 caused by collision with another car or object. You first must pay a deductible then your collision coverage will kick in.

Collision can pay for things such as hitting a parking meter, damaging your car on a curb, crashing into a building, sustaining damage from a pot hole and colliding with a tree. Paying for collision coverage can be pricey, so consider dropping it from vehicles that are older. Drivers also have the option to choose a higher deductible to get cheaper collision coverage.

Coverage for liability

Liability coverage protects you from damage or injury you incur to people or other property in an accident. It protects YOU from claims by other people. Liability doesn’t cover damage to your own property or vehicle.

It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see values of 25/50/25 which means $25,000 in coverage for each person’s injuries, a per accident bodily injury limit of $50,000, and a limit of $25,000 paid for damaged property.

Liability coverage pays for things such as court costs, repair bills for other people’s vehicles, loss of income and bail bonds. How much liability coverage do you need? That is a decision to put some thought into, but consider buying as high a limit as you can afford.

Comprehensive protection

Comprehensive insurance covers damage that is not covered by collision coverage. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against things such as falling objects, damage from a tornado or hurricane and damage from getting keyed. The most a insurance company will pay at claim time is the cash value of the vehicle, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Get your money’s worth

We just covered many ways to reduce 2019 Chevy Silverado 1500 insurance prices online. The key concept to understand is the more rate quotes you have, the better your comparison will be. You may even find the biggest savings come from a company that doesn’t do a lot of advertising. They can often insure niche markets at a lower cost compared to the large companies like State Farm, GEICO and Nationwide.

As you quote insurance coverage, never skimp on critical coverages to save a buck or two. There have been many situations where an insured dropped liability limits or collision coverage and discovered at claim time that it was a big error on their part. The goal is to buy a smart amount of coverage for the lowest cost.