Cheap Insurance for a Chevrolet Silverado in Pennsylvania

Finding affordable auto insurance for a Chevy Silverado in Pennsylvania hinges on a pretty complex algorithm that uses a lot of factors such as how many miles you drive each year, whether or not you are currently insured, and if you have a history of accidents. Drivers will pay on average $1,110 every 12 months for Silverado insurance, but that price is that rates a 40-year-old married male with full physical damage coverage and $250 policy deductibles.

It’s more than likely that you aren’t exactly 40 years old or even a male, single instead of married, or you have a violation or two on your driving record. Auto insurance requires individual risk assessment, so the best way to quote affordable rates for your Chevrolet is to do a thorough rate comparison. Comparing quotes is easy and you can get rates from some of the most affordable companies available.

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The trim level of your vehicle tends to impact the yearly cost, so the price you will pay to insure a Silverado LS Regular Cab 2WD will be $242 less expensive the price to insure the higher-end Silverado Crew Cab Hybrid 4WD trim level, as shown in the prices below.

Premium data assumes married male driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Pennsylvania minimum liability limits. Discounts applied include safe-driver, claim-free, multi-vehicle, multi-policy, and homeowner. Estimates do not factor in your specific Pennsylvania location which can change premiums significantly.

Determining which company offers the cheapest insurance rates for a Chevy Silverado will require more work than just quoting one company’s rates.

Every insurance provider uses their own calculation to set their prices, so we need to take a look at the insurance companies with the overall cheapest rates in Pennsylvania.

Best Cheap Insurance Rates for Your Silverado Truck

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General Casualty normally has some of the lowest car insurance rates in Pennsylvania at around $740 per year. Erie, Travelers, USAA, and Penn National would also be considered some of the cheapest Pennsylvania insurance companies.

As the example above demonstrates, if you are a customer of USAA and switched to General Casualty, you might achieve a yearly price reduction of in the neighborhood of $69. Customers with Penn National may save as much as $76 a year, and Auto-Owners insureds might cut rates by $233 a year.

Understand that those prices are averages for all drivers and vehicles and do not factor in a specific rate value for a Chevy Silverado. So the auto insurance company that has the cheapest rates for you may not even be in the rate chart shown above. That illustrates why you need to get car insurance quotes using your own driver data and vehicle information.

Do you need full coverage?

Finding cheap insurance for a Chevy Silverado in Pennsylvania is probably important to most vehicle owners, and one of the quickest ways to reduce the cost of insurance is to only buy liability insurance. The example below illustrates the difference between annual premium costs when comparing full coverage to liability only. The premium estimates are based on no accidents or driving violations, $1,000 deductibles, drivers are single, and no discounts are taken into consideration.

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Averaged for all ages 20 through 70, physical damage insurance costs an additional $1,750 per year over having just liability coverage. At some point, every insured wonders when is the right time to remove full coverage. There is no set guideline for phasing out physical damage insurance, but there is a general school of thought. If the annual cost of your full coverage insurance is about 10% or more of any settlement you would receive from your insurance company, then it might be time to consider dropping full coverage.

For example, let’s pretend your vehicle’s claim settlement value is $4,000 and you have $1,000 physical damage deductibles. If your vehicle is destroyed, the most your company will settle for is $3,000 after the deductible is paid. If you are paying over $300 a year for comprehensive and collision coverage, then you might want to consider buying only liability coverage.

Discounts on cheap insurance for a Chevy Silverado in Pennsylvania

Insurers that provide coverage for a Chevy Silverado may have policy discounts that could reduce prices by as much as 35% or more if you are eligible to receive them. Popular insurance companies and their offered discounts include:

• GEICO offers premium reductions for defensive driver, military active duty, air bags, emergency military deployment, and membership and employees.
• USAA offers discounts including defensive driver, military installation, multi-policy, family discount, annual mileage, driver training, and new vehicle.
• Progressive has savings for good student, online signing, multi-vehicle, homeowner, online quote discount, multi-policy, and continuous coverage.
• American Family may include discounts for good driver, defensive driver, Steer into Savings, TimeAway discount, good student, and bundled insurance.
• Esurance discounts include anti-lock brakes, multi-policy, paid-in-full, homeowner, claim free, and emergency road assistance.
• Farmers Insurance may offer discounts for teen driver, business and professional, alternative fuel, multi-car, homeowner, good student, and distant student.
• State Farm includes discounts for anti-theft, safe vehicle, student away at school, good student, Drive Safe & Save, and Steer Clear safe driver discount.

The illustration below shows the difference between car insurance rates with and without discounts applied to the policy premium. The premiums assume a male driver, no claims or violations, Pennsylvania state minimum liability limits, comp and collision included, and $100 deductibles.

The first bar for each age group shows premium with no discounts. The second bar shows the rates with marriage, homeowner, vehicle safety, passive restraint, defensive driving course, and safe-driver discounts applied. When these discounts are applied to the policy premium, the average savings per year on insurance for a Chevy Silverado is 28% or $713.

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How to find cheap insurance for a Chevy Silverado in Pennsylvania

The list below shows many thrifty ideas that can help drivers quote more affordable auto insurance.

• Insure your home and auto with the same company
• Higher credit scores may earn you cheaper rates
• Get cheaper liability coverage by choosing a safer vehicle
• Save money by only buying liability coverage for older vehicles
• Prevent rate increases by staying accident-free
• Compare prices as often as possible

The last tip is extraordinarily necessary, as was affirmed in the prior information. Prices charged by auto insurers change constantly, so don’t be hesitant to change insurance companies if a lower-cost policy is available.

Brand loyalty is great, but it isn’t a good idea if that inflexibility results in costing you several hundred dollars every year. If you have a few minutes, shop around to find cheaper car insurance for a Chevy Silverado.