Cheapest Insurance for a Chevrolet Silverado in Idaho

When discussing car insurance, the words “affordable” or “cheap” really should not be used anywhere in the article to describe car insurance prices. Forgive the oxymoron, but cheap car insurance for a Chevy Silverado can be difficult to find. But don’t let that discourage you, because we will tell you how you can still find insurance that doesn’t cost an arm and a leg.

Finding the cheapest auto insurance for a Chevy Silverado in Idaho depends on a whole bunch of rating criteria such as the number of years you have been licensed, if you have maintained coverage continuously, and if you had any at-fault accidents in the last few years. Drivers in Idaho will pay on average $850 every 12 months to buy Chevrolet Silverado insurance, but that price is an estimate based upon a 40-year-old single female driver that wants comprehensive and collision coverage and $500 physical damage deductibles.

There’s a good chance you are not 40 and maybe not even a female, married instead of single, or you just prefer to insure for liability only. What people think is a minor change in the criteria used to calculate rates can make a huge difference in the cost of insurance for a Chevy Silverado.

Everyone has unique insurance needs, and this illustrates why the only real way to find the cheapest insurance price for your Chevrolet is to put in the effort and compare rates.

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The trim level of your vehicle has an effect on the coverage cost, so the rate you pay to insure a Silverado LS Regular Cab 2WD will be $150 less expensive the cost to insure the higher-priced Silverado Crew Cab Hybrid 4WD model, as shown in the table below.

Data based on single female driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Idaho minimum liability limits. Discounts applied include multi-policy, claim-free, homeowner, safe-driver, and multi-vehicle. Premium amounts do not factor in specific location information which can influence insurance rates significantly.

Finding dependable, reasonably-priced insurance is not the easiest thing to accomplish, and deciding which company offers the best auto insurance rates for a Chevy Silverado may require even more shopping around.

Every insurance company has their own formula for setting rates, so we’ll take a look at the most budget-friendly auto insurance companies in Idaho. Keep in mind that Idaho auto insurance rates are calculated based on many things that can increase the price you have to pay for coverage. Simply getting older, having a claim, or getting a few speeding tickets may cause policy rate changes that can make some companies more expensive than competitors.

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American National normally has some of the lowest car insurance rates in Idaho at around $237 each year. Farm Bureau of ID Group, USAA, Oregon Mutual, and American Family also make the cut as some of the cheapest Idaho auto insurance companies.

As shown in the rates above, if you currently have coverage with Oregon Mutual and switched to Farm Bureau of ID Group, you could earn savings of around $130. Policyholders with American Family could save as much as $178 a year, and Travelers customers might cut rates by $179 a year.

If you want to see how much you could save, click here or click through to the companies below.

Bear in mind that those premium estimates are averages across all drivers and vehicles in Idaho and do not factor in a specific rate factor for a Chevy Silverado. So the car insurance company that is best for you may not even be in the list of companies shown earlier. That’s why you need to compare prices as often as possible using your own personal information and vehicle type.

Discounts on Idaho insurance rates

Insurance providers that provide the cheapest insurance for a Chevy Silverado in Idaho may additionally offer rate discounts that may potentially lower prices by as much as 30% if you are eligible to receive them. Popular auto insurance companies and their offered discounts are included below.

• State Farm has savings for passive restraint, anti-theft, good student, accident-free, multiple autos, and Steer Clear safe driver discount.
• GEICO may offer discounts for five-year accident-free, good student, membership and employees, driver training, multi-policy, federal employee, and seat belt use.
• Allstate may include discounts for economy car, safe driver, FullPay discount, multi-policy, EZ pay plan discount, good payer, and utility vehicle.
• SAFECO offers discounts for safe driver, drive less, bundle discounts, anti-theft, accident prevention training, teen safe driver, and anti-lock brakes.
• Farm Bureau may have discounts that include renewal discount, driver training, good student, youthful driver, and multi-vehicle.
• Progressive offers discounts including multi-vehicle, multi-policy, online quote discount, homeowner, continuous coverage, online signing, and good student.
• AAA has discounts for multi-car, multi-policy, good driver, anti-theft, and good student.

The information below illustrates the difference between insurance costs with and without discounts being applied to the rates. The price estimates are based on a female driver, no accidents, no driving violations, Idaho state minimum liability limits, comprehensive and collision coverage, and $1,000 deductibles.

The first bar for each age group shows the average rate with no discounts. The second bar shows the rates with passive restraint, safe-driver, multiple policy, anti-theft, multiple vehicle, and homeowner discounts applied. When these discounts are applied to the policy premium, the the amount saved on auto insurance for a Chevy Silverado is 28% or $349.

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The example below illustrates how your deductible choice can change annual premium costs when researching cheap insurance for a Chevy Silverado. The prices are based on a single female driver, full coverage, and no discounts are applied.

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The data above shows that a 40-year-old driver could reduce rates by $224 a year by switching the physical damage coverage from a $100 deductible to a $500 deductible, or save $338 by choosing a $1,000 deductible. Young drivers, such as the Age 20 example, could drop their prices as much as $568 every year just by choosing higher deductibles.

When increasing deductibles, it is essential to have enough spare savings to offset the extra out-of-pocket expense. This is the primary disadvantage of choosing high deductibles.

How to find low-cost insurance for a Chevy Silverado

The list below details some of the recommended penny-pinching ideas that can help Idaho drivers get more affordable coverage.

• Bundle home and auto and earn a discount
• Frequent claims will increase rates
• Safer vehicles cost less to insure
• Higher deductibles save money
• Save money by insuring older vehicles for liability only
• Improve your credit rating
• Shop around for cheaper prices

The last tip in the list is especially valuable, as was affirmed in the prior information. Insurance rates in Idaho change frequently, so drivers shouldn’t hesitate to buy a different policy if a more affordable price is available.

Having a favorite company is fine, but we do not recommend it if that loyalty results in overpaying major coinage every year. It only takes a couple minutes to shop around and find cheaper auto insurance for a Chevy Silverado.

Cheap Chevrolet Silverado insurance quotes

There are many ways to compare auto insurance quotes in Idaho, but the three most common ways are through an exclusive insurance agency like Allstate or State Farm, an independent insurance agent, or from a direct company like Geico or Progressive. All three ways can provide auto insurance quotes, but they differ slightly in how they give price quotes.

Independent agents can place your business with multiple companies and can get policy pricing from each one. Independent agents are appointed with more than one company and can provide you with more rates, which can give you a better chance of finding cheaper coverage. If they quote lower rates, your agent can just switch to a different company and you don’t have to switch agencies.

An agent who is captive is only able to write business for a single insurance company, two of the more popular are an Allstate or State Farm agent. Exclusive agents generally are unable to quote prices from more than a single company, so keep that in mind.

Auto insurance from a direct company means you do not use local agents and instead shop direct either online or via phone. This auto insurance option may be the best choice consumers who do not have complex finances and have some degree of understanding of what limits they need.

So which of the methods works best to buy the cheapest insurance for a Chevy Silverado in Idaho? Most drivers assume that buying from a direct car insurance company yields the cheapest rates because you bypass the middleman, but in reality, that is not the case. We could also assume that buying auto insurance from an independent agent is the best way since they have more companies to choose from, but again, that’s not a true statement. In the right set of circumstances, exclusive agents have coverage prices that cannot be beaten by either independent or direct companies.

Due to that fact that auto insurance uses so many rating variables, the one way to find out which one is cheapest is to get rate quotes and compare. It’s a good idea to get rate quotes from all three in order to have enough rates to compare. For a list of companies with some of the cheapest Idaho auto insurance rates, click here to view.