Did you fall for a flashy sales pitch and buy overpriced Chevy Silverado insurance in Indianapolis? Trust us when we tell you many Indianapolis consumers feel financially strained by their insurance policy.
It's amazing but a large majority of consumers kept buying from the same company for at least four years, and just short of a majority have never even compared rates from other companies. Indianapolis drivers can save about 55% each year by just comparing rate quotes, but they don't believe the rate savings if they switched.
Steps to quoting cheaper Chevy Silverado insurance in Indianapolis
It takes a little time, but the best way to find cheaper quotes for car insurance rates is to compare quotes once a year from companies in Indianapolis. This can be done by following these steps.
- Get a basic knowledge of how insurance works and the modifications you can make to prevent rate increases. Many policy risk factors that drive up the price such as tickets, at-fault accidents, and poor credit can be rectified by making minor driving habit or lifestyle changes. This article gives ideas to keep prices down and find more discounts that you may not know about.
- Compare prices from independent agents, exclusive agents, and direct companies. Exclusive and direct companies can provide rates from a single company like Progressive and State Farm, while independent agents can provide rate quotes from many different companies.
- Compare the new quotes to your existing coverage and see if there is a cheaper rate in Indianapolis. If you find a better price and switch companies, make sure there is no lapse in coverage.
- Give proper notification to your current agent or company of your intention to cancel the current policy and submit a down payment along with a signed application to your new company or agent. Don't forget to store the certificate of insurance above your visor, in the console, or in the glove compartment.
One important bit of advice is that you use similar coverage information on every quote and and to get quotes from all possible companies. Doing this guarantees an apples-to-apples comparison and a good representation of prices.
Due to the large number of options when it comes to insurance, it can be difficult for drivers to choose the best insurance company.
Locating the most cost-effective car insurance policy in Indianapolis is quite easy if you know the best way to do it. If you're already insured, you will be able to find the best rates using this strategy. Shoppers only need to know how to find the lowest price from many companies at once.
The easiest way to compare car insurance rates for Chevy Silverado insurance in Indianapolis is to know the fact most insurance companies actually pay money for the chance to quote your coverage. The one thing you need to do is provide information like your general credit rating, what you do for a living, how much you drive, and the year, make and model of vehicles. Your insurance information is automatically sent to insurance carriers in your area and they provide comparison quotes very quickly.
To compare affordable Chevy Silverado insurance rates now, click here and complete the form.
The providers in the list below are our best choices to provide quotes in Indianapolis, IN. If multiple providers are shown, it's a good idea that you visit several of them in order to find the most affordable rates.
Rates and other information
The data table shown next covers detailed analysis of insurance rates for Chevy Silverado models. Being more informed about how auto insurance premiums are figured is important to be able to make decisions on the best policy to buy.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Silverado LS Regular Cab 2WD||$162||$310||$358||$22||$108||$960||$80|
|Silverado LS Regular Cab 4WD||$162||$310||$318||$18||$94||$902||$75|
|Silverado LT Regular Cab 2WD||$186||$376||$358||$22||$108||$1,050||$88|
|Silverado LT Regular Cab||$186||$376||$358||$22||$108||$1,050||$88|
|Silverado LS Extended Cab 4WD||$186||$376||$318||$18||$94||$992||$83|
|Silverado LT Extended Cab 4WD||$186||$376||$318||$18||$94||$992||$83|
|Silverado LT Extended Cab 2WD||$186||$376||$358||$22||$108||$1,050||$88|
|Silverado LS Extended Cab 2WD||$186||$376||$358||$22||$108||$1,050||$88|
|Silverado LT Crew Cab 4WD||$210||$444||$318||$18||$94||$1,084||$90|
|Silverado LS Crew Cab 2WD||$210||$444||$358||$22||$108||$1,142||$95|
|Silverado LS Crew Cab 4WD||$210||$444||$318||$18||$94||$1,084||$90|
|Silverado LT Crew Cab 2WD||$210||$444||$358||$22||$108||$1,142||$95|
|Silverado LTZ Extended Cab 2WD||$210||$444||$358||$22||$108||$1,142||$95|
|Silverado LTZ Extended Cab 4WD||$210||$444||$318||$18||$94||$1,084||$90|
|Silverado LTZ Crew Cab 2WD||$210||$444||$358||$22||$108||$1,142||$95|
|Silverado LTZ Crew Cab 4WD||$210||$444||$318||$18||$94||$1,084||$90|
|Silverado Crew Cab Hybrid 2WD||$210||$510||$318||$18||$94||$1,150||$96|
|Silverado Crew Cab Hybrid 4WD||$234||$510||$318||$18||$94||$1,174||$98|
|Get Your Own Custom Quote Go|
Data rating is based on single male driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Indiana minimum liability limits. Discounts applied include homeowner, safe-driver, claim-free, multi-vehicle, and multi-policy. Rates do not factor in specific location which can lower or raise coverage prices greatly.
Responsible drivers pay cheaper car insurance rates
The illustration below shows how speeding tickets and at-fault accidents raise Chevy Silverado insurance costs for different age categories. The premiums are based on a married male driver, comp and collision included, $500 deductibles, and no discounts are applied to the premium.
Difference between full coverage and liability only rates
The illustration below shows the comparison of Chevy Silverado car insurance costs with full physical damage coverage compared to only buying liability only. The information is based on no tickets, no at-fault accidents, $250 deductibles, drivers are single, and no discounts are applied to the premium.
Guidelines for eliminating full coverage
There is no set rule to exclude full coverage on your policy, but there is a general convention. If the annual cost of having full coverage is more than about 10% of the replacement cost of your vehicle minus the policy deductible, then you might want to consider buying only liability coverage.
For example, let's assume your Chevy Silverado book value is $6,000 and you have $1,000 deductibles. If your vehicle is severely damaged, you would only receive $5,000 after the policy deductible has been paid. If premium cost is more than $500 annually for physical damage coverage, then you may need to consider dropping full coverage.
There are some conditions where dropping physical damage coverage is not a good plan. If you still owe a portion of the original loan, you must maintain physical damage coverage as part of the loan conditions. Also, if you can't afford to buy a different vehicle if your current one is in an accident, you should not consider dropping full coverage.
What is the best auto insurance coverage?
When quoting and choosing a policy, there isn't really a best way to insure your cars. Your financial needs are unique so your insurance needs to address that. Here are some questions about coverages that can help discover if you may require specific advice.
- What if an uninsured driver hits me?
- Who is covered by my policy?
- Are my friends covered when driving my car?
- How do I buy GAP insurance?
- How does medical payments coverage work?
- Do I need PIP coverage since I have good health insurance?
- Do I have coverage when making deliveries for my home business?
If you don't know the answers to these questions but you know they apply to you, then you may want to think about talking to an agent. If you don't have a local agent, take a second and complete this form or click here for a list of auto insurance companies in your area. It's fast, doesn't cost anything and you can get the answers you need.
When to get advice from an agent
Certain consumers just want to get advice from a local agent and that is OK! Professional insurance agents can help you build your policy and will help you if you have claims. A nice benefit of price shopping on the web is that drivers can save money and get lower premium rates and still buy from a local agent.
After completing this form (opens in new window), your insurance coverage information is sent to insurance agents in Indianapolis who will gladly provide quotes for your business. There is no need to contact any insurance agencies due to the fact that quote results will go immediately to you. If you need to compare prices from one company in particular, you would need to go to their quote page to submit a rate quote request.
Deciding on an company should include more criteria than just the quoted price. Ask your prospective agent these questions:
- Does the agency support the community they serve?
- Do they have any clout with companies to ensure a fair claim settlement?
- Is every driver in your family covered?
- Does the company have a local claim office in Indianapolis?
- In the event of vehicle damage, can you pick the collision repair facility?
- Do they get paid more for recommending certain coverages?
If you prefer to buy insurance from an insurance agent, there are a couple of types of agencies and how they are distinctly different. Insurance policy providers may be either independent agents or exclusive agents. Either can properly insure your vehicles, but it's worth learning why they differ because it can impact the type of agent you choose.
Exclusive Insurance Agencies
Exclusive agents work for only one company and some examples include American Family, State Farm, and Allstate. They usually cannot provide prices from multiple companies so they are skilled at selling on more than just price. Exclusive insurance agents are well trained on their products and sales techniques which helps offset the inability to provide other markets.
Listed below are exclusive agents in Indianapolis who may provide you with rate quotes.
Independent Insurance Agents
Independent agencies can quote rates with many companies so they can insure your vehicles through many different insurance companies and get the cheapest rates. If your premiums go up, your agent can just switch to a different company which is easy for the insured.
If you are trying to find cheaper rates, we recommend you get some free quotes from at least one independent agent so that you can do a thorough price comparison.
The following is a short list of independent insurance agents in Indianapolis that can give you rate quotes.
Affordable Insurance Agency
10 S Mickley Ave - Indianapolis, IN 46241 - (317) 484-9195 - View Map