It’s well known that insurance companies want to keep you from comparing prices. Insureds who shop for lower rates are likely to switch insurance companies because there are good odds of finding a policy with more affordable rates. Remarkably, a study showed that people who routinely shopped around saved an average of $865 annually as compared to drivers who never shopped around for lower prices.
If finding the cheapest price for Chevy Silverado insurance in Stockton is your ultimate objective, understanding how to shop and compare insurance rates can make it easier to find better rates.
The most effective way to get cheaper Chevy Silverado insurance is to make a habit of regularly comparing prices from different companies who provide auto insurance in Stockton.
- Try to understand what is in your policy and the measures you can take to keep rates low. Many factors that result in higher prices like tickets, at-fault accidents, and an imperfect credit score can be remedied by being financially responsible and driving safely. Continue reading for more details to prevent high rates and find missing discounts.
- Request price quotes from direct, independent, and exclusive agents. Exclusive agents and direct companies can only give prices from one company like GEICO or Allstate, while independent agencies can provide prices from many different companies.
- Compare the new quotes to the premium of your current policy to see if you can save by switching companies. If you can save money and buy the policy, make sure there is no lapse in coverage.
- Give notification to your agent or company to cancel your existing policy. Submit a down payment along with a signed application for the new coverage. Once the application is submitted, put the certificate verifying proof of insurance along with the vehicle’s registration papers.
One thing to point out is to compare the same deductibles and limits on every price quote and and to compare as many different companies as possible. This guarantees the most accurate price comparison and a good representation of prices.
Obtaining price quotes for the cheapest auto insurance in Stockton is actually quite simple. If you have coverage now or are looking for a new policy, you will benefit by learning to reduce premiums without having to cut coverage. Drivers just need to use the tricks to shop over the internet.
Getting cheaper Chevy Silverado car insurance pricing is actually easier than you may think. Drivers just need to invest a few minutes to get quotes from some recommended companies.
Comparing quotes online is fast and free, and it replaces the need to actually drive to different Stockton agent offices. Shopping for car insurance online can eliminate the need for a local agent unless you prefer the advice and guidance that only a licensed agent can provide. However, consumers can obtain prices from the web but purchase the actual policy in an agency.
The providers in the list below are our best choices to provide comparison quotes in California. If several companies are displayed, we suggest you get rate quotes from several of them to get the best price comparison.
These discounts can lower your car insurance quotes
Companies offering auto insurance do not list every discount very clearly, so we took the time to find a few of the more well known and also the more inconspicuous credits available to lower your premiums when you buy Stockton car insurance online.
- No Claim Discounts – Drivers with accident-free driving histories have much lower rates in comparison to frequent claim filers.
- College Student – Any of your kids who attend college more than 100 miles from Stockton and do not take a car to college may qualify for this discount.
- Safety Restraint Discount – Using a seat belt and requiring all passengers to buckle up before driving can save up to 10 percent (depending on the company) on medical payment and PIP coverage.
- Switch and Save Discount – Some larger companies give discounts for renewing your policy before your current coverage expires. The savings is around 10%.
- Multi-car Discount – Drivers who insure several vehicles on one policy could earn a price break for each car.
As a disclaimer on discounts, most discount credits are not given to your bottom line cost. The majority will only reduce individual premiums such as liability and collision coverage. Despite the appearance that you could get a free car insurance policy, insurance companies wouldn’t stay in business.
The example below compares Chevy Silverado auto insurance costs with and without discounts applied. The premium estimates are based on a male driver, a clean driving record, no at-fault accidents, California state minimum liability limits, full physical damage coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, multi-policy, homeowner, safe-driver, multi-car, and claim-free discounts applied.
To find insurers with discount rates in California, click here.
Rates and data analysis
The premium information displayed next outlines estimates of insurance policy prices for Chevy Silverado models. Learning as much as possible about how policy premiums are established is important for drivers to make smart choices when purchasing an insurance policy.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Silverado LS Regular Cab 2WD||$368||$694||$674||$40||$202||$1,978||$165|
|Silverado LS Regular Cab 4WD||$368||$694||$596||$36||$178||$1,872||$156|
|Silverado LT Regular Cab 2WD||$422||$844||$674||$40||$202||$2,182||$182|
|Silverado LT Regular Cab||$422||$844||$674||$40||$202||$2,182||$182|
|Silverado LS Extended Cab 4WD||$422||$844||$596||$36||$178||$2,076||$173|
|Silverado LT Extended Cab 4WD||$422||$844||$596||$36||$178||$2,076||$173|
|Silverado LT Extended Cab 2WD||$422||$844||$674||$40||$202||$2,182||$182|
|Silverado LS Extended Cab 2WD||$422||$844||$674||$40||$202||$2,182||$182|
|Silverado LT Crew Cab 4WD||$476||$996||$596||$36||$178||$2,282||$190|
|Silverado LS Crew Cab 2WD||$476||$996||$674||$40||$202||$2,388||$199|
|Silverado LS Crew Cab 4WD||$476||$996||$596||$36||$178||$2,282||$190|
|Silverado LT Crew Cab 2WD||$476||$996||$674||$40||$202||$2,388||$199|
|Silverado LTZ Extended Cab 2WD||$476||$996||$674||$40||$202||$2,388||$199|
|Silverado LTZ Extended Cab 4WD||$476||$996||$596||$36||$178||$2,282||$190|
|Silverado LTZ Crew Cab 2WD||$476||$996||$674||$40||$202||$2,388||$199|
|Silverado LTZ Crew Cab 4WD||$476||$996||$596||$36||$178||$2,282||$190|
|Silverado Crew Cab Hybrid 2WD||$476||$1146||$596||$36||$178||$2,432||$203|
|Silverado Crew Cab Hybrid 4WD||$530||$1146||$596||$36||$178||$2,486||$207|
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Data rating is based on single female driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and California minimum liability limits. Discounts applied include safe-driver, claim-free, multi-policy, multi-vehicle, and homeowner. Premium costs do not factor in specific garaging location which can increase or decrease prices significantly.
Responsible drivers pay cheaper Stockton car insurance rates
The illustration below demonstrates how traffic citations and at-fault claims impact Chevy Silverado yearly insurance costs for different age categories. The rate quotes are based on a married female driver, full coverage, $500 deductibles, and no discounts are factored in.
Do you need full coverage?
The diagram below visualizes the comparison of Chevy Silverado auto insurance costs with full coverage and liability only. The prices are based on no claims or driving citations, $500 deductibles, single status, and no discounts are factored in.
Deciding between full coverage and liability only
There is no definitive formula for dropping physical damage insurance, but there is a broad guideline. If the yearly cost for physical damage coverage is about 10% or more of replacement cost minus your deductible, then you may need to consider dropping full coverage.
For example, let’s say your Chevy Silverado claim settlement value is $9,000 and you have $1,000 physical damage deductibles. If your vehicle is destroyed, the most you would receive is $8,000 after the deductible is paid. If you are paying more than $800 annually for your policy with full coverage, then you may want to consider only buying liability coverage.
There are a few cases where only buying liability is not financially feasible. If you haven’t satisfied your loan, you have to keep full coverage in order to prevent your loan from defaulting. Also, if you don’t have enough money to buy a different vehicle in case of an accident, you should not drop full coverage.
Why Smart Buyers Pay Less for Chevy Silverado Insurance
Part of the insurance buying process is learning the factors that come into play when calculating your premiums. If you know what influences your rates, this allows you to make good choices that may reward you with big savings. Lots of factors are part of the equation when you quote your car insurance policy. Some factors are common sense such as your driving history, but other factors are less apparent such as your credit history or how safe your car is.
You might want pay the small claims yourself – Auto insurance companies in California provide cheaper rates to people who only file infrequent claims. If you are a frequent claim filer, you can expect either policy cancellation or increased premiums. Your insurance policy is intended to be relied upon for larger claims.
Decrease prices by maintaining coverage – Allowing your coverage to lapse is a guaranteed way to increase your renewal premiums. And not only will insurance be more expensive, failure to provide proof of insurance might get you a revoked license or a big fine.
Do you know your physical damage deductibles? – Physical damage protection, otherwise known as comp (or other than collision) and collision, protects your Chevy from damage. Some examples of covered claims are a dented fender, hail damage, and windstorm damage. Deductibles for physical damage are how much you are willing to pay if you file a covered claim. The more money you pay before a claim is paid (deductible), the lower your rates will be.
Marriage is a factor – Getting married can get you a discount when shopping for insurance. It generally demonstrates drivers are more mature than a single person and it’s statistically proven that married couples file fewer claims.
Lower performance equals lower insurance premiums – The performance of the car or truck you drive makes a substantial difference in your rates. The cheapest rates will normally be found when insuring small economy passenger cars, but many other things help determine your insurance rates.
The chart below uses these assumptions: married female driver age 50, full coverage with $100 deductibles, and no discounts or violations. It shows Chevrolet Silverado rates compared to other makes and models that have different performance rating factors.
Rates increase with policy add-ons – There are quite a few extra add-on coverages you can purchase if you aren’t careful. Coverages like coverage for rental cars, accidental death, and motor club memberships are some examples. They may sound like good ideas when you first buy your policy, but your needs may have changed so think about removing them and cutting costs.
Do you have a demanding vocation? – Jobs such as lawyers, police officers, and financial analysts are shown to have higher rates than the rest of us in part from high stress and incredibly demanding work hours. Other occupations such as actors, historians and retirees pay lower than average rates.
Insurance loss data for a Chevy Silverado – Insurance companies include the past claim trends for vehicles when setting rates for each model. Vehicles that statistically have increased claim numbers or amounts will have higher rates for specific coverages.
The table below shows the insurance loss data used by companies for Chevy Silverado vehicles. For each insurance policy coverage type, the statistical loss for all vehicles, as a total average, is equal to 100. Numbers that are below 100 mean the vehicle has better than average losses, while numbers above 100 point to more frequent losses or a tendency for losses to be larger than average.
|Vehicle Model||Collision||Property Damage||Comp||Personal Injury||Medical Payment||Bodily Injury|
|Chevrolet Silverado 1500 2WD||76||118||85||78||69||125|
|Chevrolet Silverado 1500 4WD||60||76||72||54|
|Chevrolet Silverado 1500 Crew Cab 2WD||89||103||131||77||70||94|
|Chevrolet Silverado 1500 Crew Cab 4WD||96||105||116||57||57||87|
|Chevrolet Silverado 1500 Ext Cab 2WD||90||126||100||88||85||117|
|Chevrolet Silverado 1500 Ext Cab 4WD||84||98||89||60||60||88|
|Chevrolet Silverado 2500 2WD||60||65|
|Chevrolet Silverado 2500 4WD||66||97||66|
|Chevrolet Silverado 2500 Crew Cab 2WD||76||127||65|
|Chevrolet Silverado 2500 Crew Cab 4WD||88||114||97||45||42||82|
|Chevrolet Silverado 2500 Ext Cab 2WD||80||54|
|Chevrolet Silverado 2500 Ext Cab 4WD||79||105||83||37||43||75|
|Chevrolet Silverado 3500 4WD||65|
|Chevrolet Silverado 3500 Crew Cab 4WD||98||127||108||54||39||76|
|Chevrolet Silverado 3500 Ext Cab 4WD||129||127|
Empty fields indicate not enough data collected
Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years