How Much are Insurance Quotes for a Chevrolet Silverado in North Dakota?

Since we’re writing about auto insurance, the word affordable really should not be used anywhere in the article. Nonetheless, cheap auto insurance for a Chevy Silverado is not always easy to find. But don’t despair, because we will teach you how you can get insurance that is more affordable.

Buying cheap coverage for a Chevy Silverado in North Dakota depends on many different factors such as how far you drive to work, whether or not you are currently insured, and if you have any chargeable driving offenses. North Dakota drivers pay on average $940 per year to buy insurance for a Chevrolet Silverado, but that amount is a projection rating a 40-year-old single male that wants full coverage and $1,000 deductibles.

It’s highly likely that you are not a 40-year-old male, possibly married instead of single, and maybe your Silverado is older and does not require full coverage. Even a minor change in policy rating data can result in a big discrepancy in the policy rate.

Everyone has different rating factors, so the best way to quote the cheapest insurance price for your Chevrolet is to just compare rates yourself.

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The trim level of your vehicle will influence the annual cost of coverage, so the price to insure a Silverado LS Regular Cab 2WD trim level will be $142 lower than the price to insure the fancier Silverado Crew Cab Hybrid 4WD trim level, as shown in the table below.

Above prices assume single male driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and North Dakota minimum liability limits. Discounts applied include claim-free, multi-vehicle, homeowner, multi-policy, and safe-driver. Rate quotes do not factor in specific location information which can change coverage prices greatly.

Picking the right auto insurance company can be challenging considering how many companies are available to choose from in North Dakota. The company rank data in the next section can help you choose which providers you want to consider when shopping car insurance rates for a Chevy Silverado. These rankings are only comprised of companies that insure vehicles nationwide, so smaller companies that only insure vehicles in North Dakota are not taken into consideration for the list.

Difference between liability only and full coverage rates

Finding cheap insurance for a Chevy Silverado in North Dakota is probably important to the majority of drivers, and one of the best ways to save on the cost of insurance is to only pay for liability coverage. The illustration below illustrates the difference between yearly insurance costs with full coverage compared to only the North Dakota minimum liability coverage. The data assumes no claims or violations, $1,000 deductibles, single status, and no policy discounts are applied.

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As an average, comprehensive and collision coverage on your policy costs an extra $1,716 per year more than just buying liability only. Lot’s of drivers question if physical damage coverage is worth the money. There is no written rule to exclude comp and collision coverage, but there is a general convention. If the annual cost of coverage is more than about 10% of the vehicle’s replacement cost less your deductible, then it might be time to buy liability only.

There are some cases where dropping full coverage is not a good plan. If you still owe money on your vehicle, you have to keep full coverage to protect the lienholder’s interest. Also, if your savings is not enough to buy a different vehicle if your current one is totaled, you should not consider dropping full coverage.

The chart below demonstrates how choosing different deductibles can raise or lower yearly insurance costs when trying to find cheap insurance for a Chevy Silverado. The prices are based on a married male driver, comprehensive and collision coverage, and no discounts are factored in.

google.charts.setOnLoadCallback(drawDfdqcibChart);function drawDfdqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘$100 Deductible’,’$250 Deductible’,’$500 Deductible’,’$1,000 Deductible’],[‘Age 20’, 2915,2693,2445,2213],[‘Age 30’, 1517,1399,1263,1131],[‘Age 40’, 1469,1361,1235,1115],[‘Age 50’, 1345,1247,1135,1025],[‘Age 60’, 1321,1225,1115,1007],[‘Age 70’, 1533,1429,1311,1199]]);var options = {title: ‘Deductibles and Chevrolet Silverado Insurance Rates in North Dakota’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 700,’chartArea’: {left:100,top:50,’width’: ‘100%’,’height’: ‘80%’},legend: {position: ‘bottom’,textStyle: {fontSize: 12}},bar: {groupWidth: ‘80%’},colors: [‘#6791b9′,’#75a8d8′,’#98bee2′,’#bad4ec’],hAxis: {title: ‘Annual Insurance Cost for a Chevrolet Silverado’,minValue: 0,format: ‘$###,###’},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);}

A 30-year-old driver could lower rates by $234 a year by changing their physical damage coverage from a $100 deductible up to a $500 deductible, or save $354 by changing to a $1,000 deductible. Even younger insureds, like the Age 20 chart data, could roll back prices as much as $702 or even more by choosing a higher deductible.

When insureds make the decision to increase the deductibles on their policy, it will be necessary to have plenty of savings on hand to pay the extra out-of-pocket expense, which deters some drivers from choosing higher deductibles.

How to get cheap insurance for a Chevy Silverado in North Dakota

Lowering your rates is not difficult, and here are some of the better money-saving suggestions that can help North Dakota drivers locate cheaper coverage.

• Higher comprehensive and collision coverage deductibles will save money
• Accidents can significantly increase rates
• Frequent claims may make car insurance unaffordable
• Speeding tickets and other violations increase rates
• Buying your home and auto policies from the same company can earn a discount
• Better credit rating means better rates
• Compare prices as often as possible

That last piece of advice is incredibly significant, as we stressed in this piece. Car insurance prices can change considerably in a year, so don’t be unwilling to buy from a new company if a more affordable rate is found. Many drivers tend to have loyalty to a certain company, but it isn’t a good idea if that inflexibility results in costing you thousands of dollars over several years. It takes less than five minutes to shop around to find cheaper insurance for a Chevy Silverado.