How Much is Insurance for a Chevrolet Silverado in Alaska?

Our editors always tell us that when writing about car insurance, the words “affordable” or “cheap” should not be used anywhere in the article. Sad but true, cheap auto insurance for a Chevy Silverado can be hard to find. Don’t get your dauber down, because we are going to show you how you can still find and buy insurance that doesn’t break your budget.

Buying affordable coverage for a Chevy Silverado in Alaska is contingent on a lot of things like how old the Silverado is, if you are currently insured, and driving citations. Drivers in Alaska on average will pay $770 a year to buy insurance for a Chevrolet Silverado, but that rate is an approximation based on rates for a 50-year-old single male that purchased full coverage including both comprehensive and collision and $1,000 deductibles.

There is a really good chance that you are not exactly 50 years old and possibly not even male, married instead of single, or you just prefer to insure for liability only. Car insurance coverage is unique to each driver, so this is why the most reliable method for finding the most affordable coverage for your Chevrolet is to shop your policy around at every renewal.

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Your vehicle’s trim level tends to impact the cost of coverage, so the rate you pay to insure a Silverado LS Regular Cab 2WD model will be $112 less than the insurance cost for the more costly Silverado Crew Cab Hybrid 4WD model, as shown in the chart below.

Data based on single male driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Alaska minimum liability limits. Discounts applied include homeowner, multi-vehicle, multi-policy, claim-free, and safe-driver. Prices do not factor in Alaska location which can change premium rates significantly.

Ending up with the right auto insurance company is difficult considering how many choices drivers have in Alaska. The company rank data displayed below can help you decide which companies you want to consider when looking for cheaper rates. The rankings below include the companies with a significant amount of written premium nationwide, so companies that may only write in Alaska will not be included in the list.

Irresponsible driving raises your rates

In a perfect world, the ideal way to earn affordable auto insurance premiums for a Silverado pickup is to be a good driver and avoid at-fault accidents and violations. The chart below illustrates how traffic citations and at-fault fender-benders can affect auto insurance rates for different age groups. The rate quotes are based on a single male driver, full physical damage coverage, $100 deductibles, and no discounts are applied to the premium.

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The data charted above shows the average cost of auto insurance per year with no violations or accidents is $1,856. Receive one speeding ticket and the average cost hikes up to $2,089, an increase of $233 each year. Now add two accidents along with the one speeding ticket and the 12-month cost of auto insurance for a Chevy Silverado increases to an average of $4,050. That’s an increase of $2,194, or $183 per month, just for not driving safely!

Discounts on cheap insurance for a Chevy Silverado in Alaska

<img class="shadow floatright" src="http://www.quoteclickinsure.com/blog/wp-content/uploads/auto-insurance-chevy-silverado-ak.jpg" alt="Cheaper Alaska auto insurance for a Silverado pickup”/>Car insurance companies that provide policies for a Chevy Silverado may additionally offer policy discounts that could reduce prices by as much as 25% or more if you qualify. Larger auto insurance companies and the discounts they provide are outlined below.

• Farm Bureau offers premium reductions for safe driver, youthful driver, renewal discount, multi-policy, and multi-vehicle.
• MetLife discounts include claim-free, good driver, good student, multi-policy, accident-free, and defensive driver.
• Progressive policyholders can earn discounts including multi-policy, online quote discount, good student, homeowner, and online signing.
• AAA offers discounts for good student, pay-in-full, anti-theft, multi-car, AAA membership discount, and multi-policy.
• American Family may include discounts for multi-vehicle, TimeAway discount, good driver, mySafetyValet, Steer into Savings, and air bags.
• GEICO may offer discounts for anti-theft, seat belt use, driver training, military active duty, air bags, multi-policy, and multi-vehicle.
• State Farm may have discounts that include defensive driving training, multiple policy, student away at school, Steer Clear safe driver discount, and Drive Safe & Save.

The example below illustrates the comparison of insurance costs with and without discounts. The data is based on a female driver, no accidents, no driving violations, Alaska state minimum liability limits, full coverage, and $100 deductibles.

The first bar for each age group shows the average rate with no discounts. The second bar shows the rates with anti-theft, claim-free, marriage, homeowner, accident-free, and multiple vehicle discounts applied. When discounts are applied, the the average yearly reduction on auto insurance for a Chevy Silverado is 28% or $565.

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Who has the cheapest Chevrolet Silverado insurance quotes?

There are quite a few ways to comparison shop for auto insurance in Alaska, but the most popular methods are from an exclusive insurance agent such as Auto-Owners or State Farm, an independent agent, or buying direct from a company like Geico or Progressive. They all have the same end result, but each is slightly different in how they function.

Independent insurance agents work for many companies and can quote your policy with each one. Independent agents have the option to provide multiple price quotes, which may give you the best idea of how your rates compare. If the agent locates a cheaper price, it’s simple to move the policy and you can keep the same agent.

A captive, or exclusive, agent is only able to place business with a single company such as an Auto-Owners or Allstate agent. This type of agents cannot provide other companys’ prices, so drivers will want to get other quotes as well.

The final way is buying direct, which means you skip the middleman (the agent) and instead buy direct online or over the phone from a company like Progressive or Geico. Buying direct may be the best choice drivers who do not need risk management and know what coverage limits and deductibles they need.

So which of the methods works best for finding cheap insurance for a Chevy Silverado in Alaska? We’d like to tell you buying direct results in the cheapest rates because you bypass the agent, but in reality, that is not true. And we’d like to say buying from an independent agent is the best way because you have more choices, but that is not accurate either. For some people, exclusive agencies may have very competitive prices that are the cheapest.

Due to that fact that auto insurance uses so many rating variables, really the only way to ensure the lowest rates is to obtain price quotes and compare them. It’s recommended that drivers get rate quotes from all three to give yourself plenty of rates to compare. We compiled a list of companies with some of the cheapest online rates that you can click here to view.

How to find cheaper auto insurance for a Chevy Silverado

The list below shows some money-saving suggestions that can help Alaska drivers buy low-cost coverage.

• Just one traffic violation will increase your rates
• Bundle home and auto and save
• Choose a safer vehicle and pay lower rates
• Too many claims can make car insurance unaffordable
• Accident-free drivers may qualify for discounts
• Full coverage is expensive so only insure older vehicles for liability only
• Check for cheaper rates once a year

The last idea is extremely significant, as we discussed in this piece. Coverage rates can change considerably in a year, so drivers shouldn’t be resistant to buy a different policy if a more affordable price is available. Brand loyalty is great, but it’s not a good idea if that devotedness results in you overpaying a small fortune. In less than five minutes you could shop around to find cheaper insurance for a Chevy Silverado.

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

When it comes to insurance for a Silverado pickup in Alaska, four companies to definitely compare rates with are Allstate, Progressive, Geico, and State Farm. Between them, they make up nearly half of the entire U.S. market share. All four offer physical damage and liability coverage, but each has unique coverages that shoppers can select from. The following table points out pricing and service ratings, as well as optional policy coverages that you can purchase from each one.