Who Has the Cheapest Insurance for a Chevrolet Silverado in Montana?

Since we’re writing about auto insurance, the words cheap or affordable really shouldn’t be used anywhere in the article to describe car insurance prices. Excuse the oxymoron, but cheap auto insurance for a Chevy Silverado does not exist. But fear not, because there may be ways you can find and buy coverage that is easy on your budget.

Your odds of finding the best cheap insurance for a Chevy Silverado in Montana is dependent upon a complex rating formula that takes into consideration things such as whether or not you own a home, your claims history, and if you have a clean driving record. Montana drivers on average pay approximately $2,250 each year to insure their Silverado, but that figure is an estimation using a 50-year-old single female driver who purchased full coverage including both comprehensive and collision and $100 physical damage deductibles.

There is a high probability that you aren’t exactly 50 years old or even a female, you might be married instead of single, or maybe your driving record has a blemish or two. Auto insurance is not “one size fits all”, so the most reliable way to find the cheapest rates for your Chevrolet is to do your own rate comparisons.

Compare Chevrolet Silverado Insurance Rates

The trim level of your Silverado tends to have a direct effect on the annual cost of coverage, so the cost to insure a Silverado LS Regular Cab 2WD will be $520 less than the price to insure the more well-appointed Silverado Crew Cab Hybrid 4WD model, as shown in the table below.

Table data assumes single female driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Montana minimum liability limits. Discounts applied include safe-driver, multi-vehicle, homeowner, multi-policy, and claim-free. Prices do not factor in the specific area where the vehicle is garaged which can change auto insurance rates significantly.

Deciding which companies have the most affordable insurance rates for a Chevy Silverado takes a bit more work in order to find coverage that fits your buget. Each company has a different process to set policy rates, so let’s examine the insurance companies with the overall cheapest rates in Montana.

Keep in mind that Montana insurance rates are impacted by many things which can significantly increase or decrease the price of your policy. Improving your credit rating, moving across town, or having an accident can cause premium changes resulting in some companies being much cheaper than others.

Best Car Insurance Prices for Your Silverado Truck

Compare Rates Now

Safeco generally has some of the most affordable car insurance rates in Montana at around $837 per year. Progressive, USAA, State Farm, and MetLife also rank well as some of the cheapest Montana car insurance companies.

As the rates illustrate above, if you are a customer of State Farm and switched to Safeco, you may see savings of around $221. Montana drivers with MetLife may save as much as $349 a year, and National Farmers Union policyholders might realize rate reductions of up to $403 a year.

If you want to find out if you’re overpaying, click here to get a free quote or visit any of the low-priced companies below.

Be aware that those prices are averages for all drivers and vehicles and are not factoring in a specific rate value for a Chevy Silverado. So the auto insurance company that can offer you the lowest price may not even be featured in the above list. That is why you need to get rate quotes using your own driver and vehicle profiles.

Insurance rates are higher with tickets and accidents

The best way to snag the most affordable insurance prices in Montana for a Silverado pickup is to drive carefully and avoid accidents and traffic citations. The information below shows how traffic citations and at-fault collisions drive up insurance prices for each different age category. The data is based on a single male driver, comp and collision included, $500 deductibles, and no policy discounts are applied.

google.charts.setOnLoadCallback(drawVioqcibChart);function drawVioqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘No Violations or Accidents’, ‘One Speeding Ticket and No Accidents’, ‘One Speeding Ticket and One Accident’],[‘Age 20’, 6311,6781,8103],[‘Age 30’, 3285,3757,5079],[‘Age 40’, 3225,3699,5019],[‘Age 50’, 2937,3415,4735],[‘Age 60’, 2849,3319,4641],[‘Age 70’, 3509,3979,5303]]);var options = {title: ‘Impact of Citations and Accidents on Montana Chevrolet Silverado Insurance’,titleTextStyle: {color: ‘#333’, fontSize: 17, bold: true},width: ‘100%’,height: 600,’chartArea’: {left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’,textStyle: {fontSize: 12}},colors:[‘#b2da64′,’#eed355′,’#e39e71’],hAxis: {title: ‘Annual Insurance Cost for a Chevrolet Silverado in Montana’,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);var chart = new google.visualization.BarChart(document.getElementById(‘qcibvio’));chart.draw(data, options);}

The data above shows the average cost of car insurance in Montana per year with no accidents and a clean driving record is $3,686. Add in one speeding ticket and the average cost increases to $4,158, an increase of $472 each year. Now throw in one accident along with the one speeding ticket and the annual cost of insurance for a Chevy Silverado jumps again to an average of $5,480. That’s an increase of $1,794, or $150 per month, just for not driving carefully!

The illustration below demonstrates how deductibles can change insurance prices when trying to find cheap insurance for a Chevy Silverado. The premiums assume a married male driver, comprehensive and collision coverage, and no discounts are applied.

google.charts.setOnLoadCallback(drawDfdqcibChart);function drawDfdqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘$100 Deductible’,’$250 Deductible’,’$500 Deductible’,’$1,000 Deductible’],[‘Age 20’, 6129,5619,5053,4515],[‘Age 30’, 3189,2919,2607,2307],[‘Age 40’, 3071,2823,2535,2261],[‘Age 50’, 2809,2585,2327,2079],[‘Age 60’, 2759,2537,2283,2041],[‘Age 70’, 3185,2943,2673,2417]]);var options = {title: ‘Effect of Higher Deductibles on Chevrolet Silverado Insurance Rates in Montana’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 700,’chartArea’: {left:100,top:50,’width’: ‘100%’,’height’: ‘80%’},legend: {position: ‘bottom’,textStyle: {fontSize: 12}},bar: {groupWidth: ‘80%’},colors: [‘#6791b9′,’#75a8d8′,’#98bee2′,’#bad4ec’],hAxis: {title: ‘Annual Insurance Cost for a Chevrolet Silverado’,minValue: 0,format: ‘$###,###’},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);}

The chart above illustrates that a 30-year-old driver could lower their policy premium by $536 a year by changing from a $100 deductible to a $500 deductible, or save $810 by using a $1,000 deductible. Youthful drivers, like the Age 20 chart data, could possibly save as much as $1,614 every year by selecting a higher deductible.

When using a larger deductible, it will be necessary to have enough spare savings to be able to cover the extra out-of-pocket expense that comes with higher deductibles.

How to find low-cost auto insurance for a Chevy Silverado

It’s not impossible to find cheaper rates, and here are a few penny-pinching ideas that can help drivers buy low-cost coverage.

• Do not get into accidents
• Higher physical damage deductibles lower rates
• Better credit rating means better rates
• Get cheaper liability coverage by choosing a safer vehicle
• Do not pay for full coverage on older vehicles
• Just one traffic violation will increase your rates
• Compare rates often to find the best deal

The last tip is especially valuable, as we discussed in the prior information. Car insurance rates change frequently, so don’t hesitate to buy a different policy if a more affordable price is available.

Having a favorite company is great, but it isn’t a good idea if it’s costing you big bucks every year. Take a few minutes and shop around to find cheaper auto insurance for a Chevy Silverado.

Who has the cheapest Chevrolet Silverado insurance quotes?

Thanks to the internet, there are a lot of ways to find affordable insurance in Montana, but the three most common methods are from a non-exclusive or independent agent, an exclusive agency such as Liberty Mutual or State Farm, or direct from companies such as Geico or Progressive. Each way has the same basic process, but they are slightly different in how they price policies.

Independent agencies write business for many companies and can get policy pricing from every one. Agents of this type are appointed with more than one company and can provide you with more rates, which may give you a better chance of finding cheaper coverage. If they find a cheaper price, it’s simple to move the policy which prevents you from having to switch agents.

A captive or exclusive agent is able to quote prices with just one company, two examples being a State Farm or Farmers agent. Exclusive agents cannot compare other company’s rates, which necessitates shopping around.

If you choose to buy insurance direct, you skip local agents and instead shop direct online or over the phone from a company like Esurance or Geico. Shopping direct may be the best choice families who have lower risk management needs and have some degree of understanding of what specific coverages and deductibles they need.

So which of those three methods works best to find the cheapest insurance for a Chevy Silverado in Montana? We’d like to tell you shopping direct saves the most money since there isn’t an agent involved, but that is generally not the case. A good argument could also be made that an independent agent results in the cheapest rates since they have more companies to choose from, but again, that’s not a true statement. In some circumstances, the exclusive agents have coverage prices well below independent agents AND direct companies.

Since insurance prices are based on many different factors, the only true way to ensure you are not overpaying for insurance is to do a thorough rate comparison. Set aside the time to get prices from all three to have enough rates to compare. For a list of insurance companies with low rates, click here to view.