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

Our staff writers always rib each other than when writing about car insurance, the words cheap or affordable really should not be used anywhere in the article. Sad but true, cheap auto insurance for a Chevy Silverado is almost non-existent. Don’t let that discourage you, because there may be ways you can still find coverage that doesn’t break your budget.

The chances that you’ll find cheaper auto insurance for a Chevy Silverado in Vermont depends upon a complex formula that considers things such as whether or not you own a home, your credit score, and your policy deductibles. Drivers in Vermont pay on average $750 annually to insure a Silverado, but that amount is an approximation calculated using a 50-year-old single female driver that purchased both comprehensive and collision coverage and $500 physical damage deductibles.

There is a really good chance that you are not 50 and maybe not even a female, maybe you are married instead of single, or maybe you live in a different area as the quoted rates. This example demonstrates why your best shot at finding the most affordable coverage for your Chevrolet is to get into the habit of comparing rates once a year. Rate quotes are easy and you will get price quotes from the best auto insurance companies around.

Insure Your Chevrolet for Less

Your Chevrolet’s trim level tends to have a direct effect on the cost of insurance, so the price you pay to insure a Silverado LS Regular Cab 2WD will be $134 cheaper than the cost to insure the higher-end Silverado Crew Cab Hybrid 4WD trim level, as shown in the prices below.

Price data assumes single female driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Vermont minimum liability limits. Discounts applied include homeowner, multi-policy, claim-free, safe-driver, and multi-vehicle. Information does not factor in vehicle location which can alter rates significantly.

Selecting the highest-rated auto insurance provider can be difficult considering how many companies there are to choose from in Vermont. The rank data below could help you pick which insurers you want to consider purchasing a policy from.

These rankings are only made up of the largest companies in America, so smaller companies that only insure vehicles in Vermont are not included in the list. If you would like to check rates and find the cheapest rates for a Chevy Silverado, just click here.

The chart below demonstrates how deductible levels can change insurance premiums when trying to find cheap insurance for a Chevy Silverado. The data assumes a married female driver, comp and collision included, and no policy discounts are applied.

google.charts.setOnLoadCallback(drawDfdqcibChart);function drawDfdqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘$100 Deductible’,’$250 Deductible’,’$500 Deductible’,’$1,000 Deductible’],[‘Age 20’, 1615,1491,1347,1213],[‘Age 30’, 1129,1041,935,835],[‘Age 40’, 1121,1033,933,837],[‘Age 50’, 985,909,821,739],[‘Age 60’, 937,865,783,701],[‘Age 70’, 1007,931,845,761]]);var options = {title: ‘Comparison of Deductible Levels and Chevrolet Silverado Insurance Rates in Vermont’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 700,’chartArea’: {left:100,top:50,’width’: ‘100%’,’height’: ‘80%’},legend: {position: ‘bottom’,textStyle: {fontSize: 12}},bar: {groupWidth: ‘80%’},colors: [‘#6791b9′,’#75a8d8′,’#98bee2′,’#bad4ec’],hAxis: {title: ‘Annual Insurance Cost for a Chevrolet Silverado’,minValue: 0,format: ‘$###,###’},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 50-year-old driver could lower rates by $164 a year by increasing from a $100 deductible to a $500 deductible, or save $246 by choosing a $1,000 deductible. Youthful drivers, like the Age 20 chart data, could shave up to $402 every year by choosing a higher deductible.

If you do raise deductibles, it is essential to have enough in a savings account to pay the extra out-of-pocket expense associated with higher deductibles.

Get discount Vermont auto insurance

Insurance companies that sell the cheapest insurance for a Chevy Silverado in Vermont may also give you price discounts that can lower rates by as much as 30% if you can meet the requirements. Popular insurance companies and a partial list of their discounts include:

• Progressive has savings for multi-vehicle, continuous coverage, homeowner, online signing, online quote discount, multi-policy, and good student.
• MetLife may have discounts that include multi-policy, defensive driver, good driver, claim-free, and good student.
• Mercury Insurance has discounts for multi-car, accident-free, good student, professional/association, low natural disaster claims, age of vehicle, and annual mileage.
• Nationwide may include discounts for family plan, accident-free, defensive driving, good student, and easy pay.
• GEICO offers premium reductions for multi-vehicle, five-year accident-free, good student, air bags, daytime running lights, and defensive driver.
• AAA policyholders can earn discounts including good student, good driver, AAA membership discount, multi-car, pay-in-full, multi-policy, and anti-theft.

The chart below shows the comparison of yearly insurance costs with and without discounts applied to the policy rates. The information is based on a female driver, no accidents, no driving violations, Vermont state minimum liability limits, comp and collision included, and $100 deductibles. The first bar for each age group shows insurance cost with no discounts. The second bar shows the rates with defensive driving course, vehicle safety, multiple vehicle, marriage, claim-free, and safe-driver discounts applied. When drivers qualify for the discounts, the the amount saved on insurance for a Chevy Silverado is 28% or $487.

google.charts.setOnLoadCallback(drawDiscqcibChart);function drawDiscqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘Female Driver No Discounts’, ‘Female Driver with Discounts’],[‘Age 20’, 2603,1875],[‘Age 30’, 1803,1309],[‘Age 40’, 1669,1213],[‘Age 50’, 1465,1061],[‘Age 60’, 1413,1027],[‘Age 70’, 1645,1189]]);var options = {title: ‘Effect of Discounts on Insurance Rates for a Chevrolet Silverado’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 500,’chartArea’:{left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’},colors: [‘#c096ca’, ‘#e1b7ec’],hAxis: {title: ‘Annual Insurance Cost for a Chevrolet Silverado in Vermont’,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(‘qcibdisc’));chart.draw(data, options);}

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

Lowering your rates is not difficult, and here are a few thrifty solutions that can help Vermont drivers find the cheapest coverage.

• Drive a car with a high safety rating
• Do not get into accidents
• Violations like speeding or DUI increase rates
• Bundle home or renters insurance to earn a discount on car insurance
• Do not file small claims
• Do not pay for full coverage if not needed
• Compare rates regularly to ensure the best deal

The last idea is certainly vital, as we emphasized in this piece. Car insurance rates in Vermont fluctuate considerably, so drivers shouldn’t be resistant to buy from a different company if you can save money.

Having a favorite company is fine, but it isn’t a good idea if that dedication is costing hundreds of dollars a year. It only take a few minutes to compare rates and find cheaper car insurance for a Chevy Silverado.

Who has the cheapest Chevrolet Silverado insurance quotes?

Thanks to the internet, there are a lot of ways to compare insurance prices in Vermont, but the most prevalent are through an exclusive insurance agent like Allstate or Auto-Owners, an independent insurance agent, or from a direct company like Progressive.

They all have the same end result, but buyers should know the differences in how they function.

Independent insurance agents have contracts with many companies and can provide price quotes from all of them. These types of agents have the ability to get prices from more than one company, which can give you the best chance of saving money. If you are not satisfied with one company, they simply move the coverage in-house which requires no work on your part.

An agent who is captive is contracted to one company, two examples are an Auto-Owners or State Farm agent. Exclusive agents are unable to provide rate quotes from other companies, so always compare other rates.

Choosing to buy insurance direct means you skip an exlusive or independent agent and buy direct either online or via phone. Buying direct may be good for drivers who have fewer assets and understand what insurance covers.

Which method is best for finding the cheapest insurance for a Chevy Silverado in Vermont? The obvious answer would be shopping direct results in the cheapest rates since it doesn’t require paying agent commissions, but that turns out to not be true. An argument could also be made that buying insurance from an independent agent is the best way to save since they have more companies to choose from, but that assumption is also not accurate. In many cases, exclusive agencies have very competitive rates that are the cheapest.

Since insurance companies use so many rating factors, the guaranteed way to ensure you are not overpaying is to compare lots of quotes. The best approach is to get prices from all three to have the best rate selection. To see some of the cheapest online companies available, click here to view.