Who Has the Cheapest Insurance Quotes for a Chevrolet Silverado in Missouri?

Whether or not you can find cheap insurance for a Chevy Silverado in Missouri is contingent on lots of different factors like how many miles you drive each year, if you have ever had a gap in coverage, and deductible levels for physical damage coverage. Drivers pay around $840 annually for Silverado insurance, but that amount is an approximation using rating data for a 50-year-old single female driver who needs full comprehensive and collision coverage and $500 deductibles.

More likely than not, you’re not a 50-year-old female, possibly married instead of single, and maybe your Silverado just needs liability-only coverage. Insurance is an individual thing, so the most reliable method for finding cheap car insurance rates for your Chevrolet is to make a habit of comparing prices at least once a year.

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The trim level of your Silverado will be a contributing factor to the insurance rate, so the price you pay to insure a Silverado LS Regular Cab 2WD will be $148 lower than the insurance cost for the more well-appointed Silverado Crew Cab Hybrid 4WD trim level, as shown in the chart below.

Premium data assumes single female driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Missouri minimum liability limits. Discounts applied include multi-policy, multi-vehicle, homeowner, claim-free, and safe-driver. Premium amounts do not factor in vehicle garaging location which can lower or raise coverage rates noticeably.

Figuring out which company has the lowest-priced auto insurance rates for a Chevy Silverado will involve a little more sweat than just picking a company at random. Every car insurance company uses a little different formula for determining prices, so to begin we’ll rank the auto insurance companies that tend to be cheaper in Missouri.

It’s important that readers know that Missouri auto insurance rates are determined by lots of factors which can significantly increase or decrease the cost of having a policy. Getting older, having a teen driver, or having an accident may generate price changes that may make certain companies cheaper than competitors.

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USAA normally has some of the cheapest car insurance rates in Missouri at around $662 each year. The Hartford, Electric, Allied, and Travelers also rank well as some of the most economical Missouri auto insurance companies.

As shown in the table above, if you currently buy coverage from Electric and switched to USAA, you may see a yearly savings of in the neighborhood of $187. Insureds with Allied may save as much as $213 a year, and Travelers insureds might reduce rates by $336 a year.

To find out how much you can save, click here to start a quote or quote rates from the companies below.

Be aware that those estimates are averaged for all insureds and vehicles and and are not figured with a specific rate factor for a Chevy Silverado. So the insurer that fits you best may not even be featured in the company chart above. That underscores the importance of why you need to quote rates from many companies using your own individual information.

Tickets and at-fault accidents raise rates

The obvious way to find cheap auto insurance rates for a Silverado pickup is to drive attentively and avoid at-fault accidents and violations. The diagram below illustrates how traffic citations and fender-benders can drive up insurance costs for different age categories. The premiums are based on a married female driver, full coverage, $250 deductibles, and no discounts are factored in.

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In the previous chart, the average cost of a car insurance policy in Missouri per year with no accidents and a clean driving record is $1,355. Get two speeding tickets and the average cost increases to $1,922, an increase of $566 each year. Now add in two accidents along with the two speeding tickets and the yearly cost of auto insurance for a Chevy Silverado jumps again to an average of $4,083. That’s an increase of $2,728, or $227 per month, just for not driving responsibly!

You are probably paying too much for Silverado insurance

Missouri auto insurance rates are influenced by many factors which can significantly increase or decrease the cost of having a policy. Simply having a birthday, filing a claim, or getting a couple of tickets may prompt premium changes resulting in some rates now being cheaper than before. Also, car insurance companies change rates as often as every three months in order to offset underwriting gains or losses. Unexpectedly high claims may cause higher prices, while profitable underwriting can produce cheaper Silverado insurance rates.

To illustrate this example, the graph below shows the companies that have the cheapest car insurance in Missouri for a 40-year-old female driver with no prior accidents, a clean driving record, and solid credit. If we estimate rates based on her current rating profile, USAA may offer the best car insurance rates in Missouri at $668 each year. This is $594 less than the average premium paid by Missouri drivers of $1,262. The Hartford, Allied, Electric, and Auto-Owners also make the list of the most affordable Missouri auto insurance companies.

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The chart below compares rates after we give the driver in the first chart some claims, bad credit, and a speeding citation. Since every insurance provider has a proprietary formula to set their prices, comparing rates may now present a substantially altered list of affordable Missouri car insurance companies as shown below.

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MO Farm Bureau now has the cheapest rate in Missouri with Farmers, Nationwide, The Hartford, and Cameron Mutual completing the list. This example shows why consumers need to take the time to shop around with many companies to get the lowest insurance rates for a Chevy Silverado. Rates are calculated by many things and change frequently, so the most economical company when you last compared rates may now not even be in the top five.

How to get the cheapest insurance for a Chevy Silverado in Missouri

The list below summarizes some of the better thrifty ideas that can help you get low-cost car insurance.

• At-fault accidents can raise rates significantly
• Violations and traffic tickets increase rates
• Pay for smaller claims out-of-pocket
• Save money by insuring your home and auto with the same company
• Raise physical damage deductibles
• Good credit scores may make rates cheaper
• Keep rates low by shopping around frequently

That last piece of advice is certainly significant, as was affirmed in this write-up. Prices charged by auto insurers in Missouri can change significantly in a year, so don’t hesitate to change insurance companies if a more affordable rate is found. Many drivers have brand loyalty and that’s fine, but it’s not a great idea if that dedication is costing several hundred dollars every year. It only takes a couple minutes to compare rates and find cheaper auto insurance for a Chevy Silverado.