Cheap Insurance Quotes for a Chevrolet Silverado in Colorado

The odds of finding cheap car insurance for a Chevy Silverado in Colorado depends on a lot of rating criteria like whether or not your vehicle has good safety ratings, your address, and driving violations and tickets. Drivers in Colorado will pay on average $1,180 annually for Silverado insurance, but that policy rate is based on cost data for a 50-year-old married male that wants both comprehensive and collision coverage and $100 deductibles.

Most likely you are not 50 and possibly not even male, you might be single instead of married, and there is a good chance that you need different coverage limits than the exampe. Every driver has a different risk profile, so the best way to find the cheapest rates for your Chevrolet is to comparison shop your policy at every renewal or at least every couple of years. To cut your rates now, get a free quote and you can get prices from the best auto insurance companies that sell coverage in Colorado.

Click Here to Start Your Quote

The trim level of your Silverado tends to impact the coverage cost, so the price you pay to insure a Silverado LS Regular Cab 2WD trim level will be $278 less than the insurance cost for the more costly Silverado Crew Cab Hybrid 4WD version, as shown in the table below.

Data variables include married male driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Colorado minimum liability limits. Discounts applied include multi-vehicle, multi-policy, safe-driver, homeowner, and claim-free. Rate information does not factor in garaging location in Colorado which can modify rates greatly.

Finding low-priced insurance is tough enough, and figuring out which company quotes the cheapest insurance rates for a Chevy Silverado may require even more diligence.

Each auto insurer has a proprietary method for determining rates, so let’s take a look at the insurance companies that tend to have lower prices in Colorado.

Best Auto Insurance Prices for Your Silverado Truck

Compare Rates Now

The Hartford offers some of the best car insurance rates in Colorado at around $834 a year. Grange, USAA, Nationwide, and Auto-Owners also rank well as some of the cheapest Colorado auto insurance companies.

In the above rates, if you buy coverage from Auto-Owners and switched to Grange, you could realize yearly savings of around $207. Colorado drivers with Travelers might save as much as $222 a year, and GEICO policyholders might see rate reductions of $238 a year.

If you would like to find cheap insurance for a Chevy Silverado in Colorado, click here to begin a quote or feel free to get quotes from the companies below.

These policy rates are averages for all ages of drivers and types of vehicles and and are not figured with a specific rating modification for a Chevy Silverado. So the insurer that can offer the best rates for your situation may not even be included in the rate chart shown above. That is why you need to get car insurance quotes using your own specific driver and vehicle information.

The example below illustrates how your deductible choice can increase or decrease annual premium costs when researching cheap insurance for a Chevy Silverado. Data assumes a married female driver, comprehensive and collision coverage, and no additional discounts are factored in.

google.charts.setOnLoadCallback(drawDfdqcibChart);function drawDfdqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘$100 Deductible’,’$250 Deductible’,’$500 Deductible’,’$1,000 Deductible’],[‘Age 20’, 2767,2547,2295,2055],[‘Age 30’, 1933,1771,1587,1411],[‘Age 40’, 1911,1755,1577,1409],[‘Age 50’, 1677,1541,1389,1241],[‘Age 60’, 1595,1467,1319,1177],[‘Age 70’, 1723,1583,1431,1287]]);var options = {title: ‘Effect of Higher Deductibles on Chevrolet Silverado Insurance Rates in Colorado’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 700,’chartArea’: {left:100,top:50,’width’: ‘100%’,’height’: ‘80%’},legend: {position: ‘bottom’,textStyle: {fontSize: 12}},bar: {groupWidth: ‘80%’},colors: [‘#6791b9′,’#75a8d8′,’#98bee2′,’#bad4ec’],hAxis: {title: ‘Annual Insurance Cost for a Chevrolet Silverado’,minValue: 0,format: ‘$###,###’},vAxis: {title: ‘Age of Insured’}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});formatter.format(data,1);formatter.format(data,2);formatter.format(data,3);formatter.format(data,4);var chart = new google.visualization.BarChart(document.getElementById(‘qcibdfd’));chart.draw(data, options);}

In the chart above, a 40-year-old driver could lower their car insurance rates by $288 a year by changing from a $100 deductible to a $500 deductible, or save $436 by using a $1,000 deductible. Youthful drivers, such as the Age 20 example, have the ability to save as much as $712 or more just by using higher deductibles.

If you do decide to increase your deductibles, it is important to have plenty of savings on hand to satisfy the extra out-of-pocket expense, which is the main inconvenience of larger deductibles.

Difference between liability only and full coverage rates

Finding cheap insurance for a Chevy Silverado in Colorado is the goal of most drivers, and one easy way to find cheap insurance is to only pay for liability coverage. The illustration below visualizes the comparison of premium costs with full coverage compared to only the Colorado minimum liability coverage. The premium estimates are based on no claims or violations, $250 deductibles, single marital status, and no discounts are applied to the premium.

google.charts.setOnLoadCallback(drawFclqcibChart);function drawFclqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘Full Coverage with $250 Deductibles’, ‘Liability Only’],[‘Age 20’, 4299,1405],[‘Age 30’, 2233,771],[‘Age 40’, 2203,713],[‘Age 50’, 2005,669],[‘Age 60’, 1941,657],[‘Age 70’, 2365,879]]);var options = {title: ‘Full Coverage and Liability Only Rates’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 500,’chartArea’: {left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’},colors: [‘#6791b9′,’#98bee2’],hAxis: {title: ‘Annual Insurance Cost for a Chevrolet Silverado in Colorado’,minValue: 0,format: ‘$###,###’},vAxis: {title: ‘Age of Insured’}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});formatter.format(data,1);formatter.format(data,2);var chart = new google.visualization.BarChart(document.getElementById(‘qcibfcl’));chart.draw(data, options);}

If we average the cost for all age groups, comp and collision coverage costs an extra $2,508 per year over having just liability coverage. That is a big expense that brings up the question when is it a good idea to stop buying full coverage. There is no specific rule for dropping full coverage on your policy, but there is a general convention. If the yearly cost of comp and collision coverage is more than 10% of the replacement cost of your vehicle minus the policy deductible, then you might consider buying liability only.

Who has the cheapest Chevrolet Silverado insurance quotes?

There are quite a few ways to find cheap insurance in Colorado, but the most preferred are either through an exclusive insurance agent like Allstate or State Farm, an independent insurance agent, or direct from companies such as Geico or Progressive. They all follow the same basic process, but it’s important to point out the distinctions in how they provide rate quotes.

Independent insurance agents work for many companies and can compare rates with all of them. These types of agencies can quote with many companies and quote rates with many companies, which may give you a better comparison. If a cheaper price is found, they simply switch companies in-house which prevents you from having to find an new insurance agent.

A captive, or exclusive, agent is only able to quote rates with just one company, two examples being an Auto-Owners or Allstate agent. They generally cannot provide rates from more than one company, so if rates are not competitive, they cannot give other choices.

If you buy direct, you do not use a local insurance agent and instead buy buying direct from a company like Esurance or Geico. This insurance option may be a decent choice families who have little risk and have knowledge of what insurance covers and what it doesn’t.

Out of those three methods, which one works best for finding cheap insurance for a Chevy Silverado in Colorado? Most people would assume that shopping direct yields the cheapest rates since that prevents the need to pay agent commissions, but in reality, that is not the case. It could also be said an independent agent guarantees the cheapest rates due to more options, but again, it’s not a sure thing. And occasionally, exclusive agents have very competitive rates that are the cheapest in Colorado.

Since insurance rates vary so much, the only true way to get the cheapest rates is to obtain price quotes and compare them. The ideal approach is to get rate quotes from all three to give yourself the best selection. For a list of insurance companies with low rates, click here to view.

Find cheap insurance for a Chevy Silverado in Colorado

It is possible to find better rates, and here are some of the better thrifty suggestions that can help Colorado drivers quote lower-cost auto insurance.

• Don’t waste money on full coverage for older vehicles
• Do not get tickets
• Vehicles with good safety ratings are usually cheaper to insure
• Avoid accidents
• Higher credit scores can equal lower rates
• Increase your deductibles
• Compare rates regularly to ensure the best deal

That last piece of advice is extraordinarily critical, as we emphasized in the article above. Coverage rates change constantly, so don’t be afraid to switch to a new company if you find a cheaper price.

Many drivers have brand loyalty and that’s fine, but it isn’t a good idea if that faithfulness ends up costing you potentially thousands of dollars a year. In just a couple of minutes you could compare prices and find cheaper auto insurance for a Chevy Silverado.

Is the best company State Farm, Allstate, Progressive, or Geico?

When shopping around for auto insurance, some of the largest companies to start with are State Farm, Allstate, Progressive, and Geico. When combined, they insure almost 50% of all policies written in the United States. The next table breaks down price and claims rank as well as some different options shoppers can expect to find with each one.