Trying to find cheaper Chevy Silverado insurance in Houston? There isn’t a single person who likes having to buy insurance, especially when they know the cost is way too high.
It’s astonishing, but the vast majority of insurance customers in Texas have remained with the same insurance company for at least the last four years, and about 40% of consumers have never taken the time to shop around. Consumers in the United States can save hundreds of dollars each year, but they don’t want to take the time to compare rates and save money. Many insurance companies compete for your hard-earned dollar, so it’s not easy to compare every insurer to find the best rate on Chevy Silverado insurance in Houston.
If you already have coverage or are shopping for new coverage, you can use this information to shop for the lowest rates without having to cut coverage. Locating the best rates in Houston is actually very simple if you learn how to start. Vehicle owners only need to know the tricks to compare prices from multiple carriers.
The quickest method we recommend to compare rates for Chevy Silverado insurance in Houston utilizes the fact most of the larger companies actually pay money for the chance to compare rate quotes. The only thing you need to do is give them rating details including whether you are single or married, driver ages, if you have an active license, and if it has an alarm system. Your rating data is instantly sent to insurance carriers in your area and they provide comparison quotes very quickly.
To check rates for your car now, click here and enter your coverage details.
The providers in the list below can provide quotes in Houston, TX. If several companies are displayed, it’s highly recommended you compare several of them to get the cheapest price.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Silverado LS Regular Cab 2WD||$256||$408||$430||$26||$128||$1,248||$104|
|Silverado LS Regular Cab 4WD||$248||$400||$388||$24||$116||$1,176||$98|
|Silverado LT Regular Cab 2WD||$226||$412||$404||$24||$122||$1,188||$99|
|Silverado LT Regular Cab||$254||$512||$486||$28||$146||$1,426||$119|
|Silverado LS Extended Cab 4WD||$166||$288||$392||$24||$118||$988||$82|
|Silverado LT Extended Cab 4WD||$178||$358||$462||$28||$138||$1,164||$97|
|Silverado LT Extended Cab 2WD||$252||$492||$404||$24||$122||$1,294||$108|
|Silverado LS Extended Cab 2WD||$288||$570||$520||$30||$156||$1,564||$130|
|Silverado LT Crew Cab 4WD||$234||$368||$500||$30||$150||$1,282||$107|
|Silverado LS Crew Cab 2WD||$210||$400||$414||$24||$124||$1,172||$98|
|Silverado LS Crew Cab 4WD||$262||$462||$388||$24||$116||$1,252||$104|
|Silverado LT Crew Cab 2WD||$246||$434||$444||$26||$132||$1,282||$107|
|Silverado LTZ Extended Cab 2WD||$356||$788||$560||$34||$168||$1,906||$159|
|Silverado LTZ Extended Cab 4WD||$200||$360||$388||$24||$116||$1,088||$91|
|Silverado LTZ Crew Cab 2WD||$256||$486||$404||$24||$122||$1,292||$108|
|Silverado LTZ Crew Cab 4WD||$318||$660||$496||$30||$148||$1,652||$138|
|Silverado Crew Cab Hybrid 2WD||$318||$788||$400||$24||$120||$1,650||$138|
|Silverado Crew Cab Hybrid 4WD||$396||$908||$496||$30||$148||$1,978||$165|
|Get Your Own Custom Quote Go|
Data variables include single female driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Texas minimum liability limits. Discounts applied include multi-vehicle, claim-free, homeowner, multi-policy, and safe-driver. Prices do not factor in vehicle location which can impact coverage rates significantly.
Cautious drivers save money
The diagram below shows how traffic citations and accidents drive up Chevrolet Silverado auto insurance costs for different insured age categories. Data assumes a single male driver, comp and collision included, $1,000 deductibles, and no discounts are applied to the premium.
Chevrolet Silverado liability-only versus full coverage
The illustration below examines Chevrolet Silverado insurance costs when comparing full coverage to liability only. Data assumes no violations or claims, $100 deductibles, single male driver, and no discounts are taken into consideration.
Guidelines for eliminating full coverage
There is no set guideline to drop physical damage insurance, but there is a general convention. If the annual cost of your full coverage insurance is more than about 10% of the settlement you would receive from your company, then it could be time to drop full coverage.
For example, let’s say your Chevrolet Silverado claim settlement value is $3,000 and you have $1,000 deductibles. If your vehicle is totaled, the most you would get paid by your company is $2,000 after paying the physical damage deductible. If you are paying in excess of $200 a year for your policy with full coverage, then it might be time to buy liability only.
There are a few cases where dropping full coverage is not advised. If you still have a lienholder on your title, you must maintain physical damage coverage in order to keep the loan. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is damaged, you should not eliminate full coverage.
Chevrolet Silverado insurance costs by age and gender
The example below visualizes the comparison of Chevrolet Silverado car insurance rates for male and female drivers. Data assumes no accidents or driving violations, comprehensive and collision coverage, $250 deductibles, single marital status, and no policy discounts are applied.
Lower rates by qualifying for discounts
Some insurance providers don’t necessarily list every policy discount in a way that’s easy to find, so the following is a list of a few of the more well known and also the lesser-known discounts that you can inquire about if you buy Houston car insurance online. If you are not receiving all the discounts you deserve, you could be paying more than you need to.
- Defensive Driving Course – Successfully completing a course that instructs on driving safety could earn you a small percentage discount if your company offers it.
- Discount for Multiple Policies – When you have multiple policies and place coverage with the same company you will save approximately 10% to 15%.
- Houston Homeowners Discount – Owning a home in Houston may trigger a policy discount on auto insurance because it is proof that your finances are in order.
- Braking Control Discount – Cars with ABS and/or traction control are much safer to drive and earn discounts up to 10%.
- Driving Data Discount – Drivers who elect to allow data collection to study vehicle usage by using a telematics device in their vehicle such as Progressive’s Snapshot could see a rate decrease if they show good driving skills.
Please keep in mind that most of the big mark downs will not be given to the overall cost of the policy. Most only cut the cost of specific coverages such as liability and collision coverage. So even though you would think you can get free auto insurance, you’re out of luck.
To view auto insurance companies that provide some of the discounts listed above in Texas, click this link.
Insurance agent or online?
A lot of people prefer to get professional advice from a licensed agent and there is nothing wrong with that. Good insurance agents are trained risk managers and help you file claims. The biggest benefit of comparing rates online is that you can obtain cheap rate quotes and still buy from a local agent.
After completing this simple form, the coverage information is submitted to companies in Houston who will gladly provide quotes for your auto insurance coverage. It makes it easy because there is no need to search for any insurance agencies since price quotes are sent to you directly. If for some reason you want to compare rates from a specific auto insurance provider, you would need to find their quoting web page to submit a rate quote request.
Picking an company shouldn’t rely on just a cheap price. Get answers to these questions too.
- Does the company use OEM repair parts?
- Do they assist clients in filing claims?
- How is replacement cost determined on your vehicle?
- Do they get extra compensation for selling add-on coverages?
- What is the financial rating for the quoted company?
- How much can you save by raising your physical damage deductibles?
- Are there any discounts that you might be missing?
- Is assistance available after office hours?
If you are wanting to find a local insurance agency, there are two different types of agents that you can choose from. Auto insurance policy providers are considered either independent (non-exclusive) or exclusive. Both types can write policy coverage, but it is a good idea to know how they differ since it may influence the selection process.
Exclusive Auto Insurance Agents
Agents that choose to be exclusive can only provide one company’s prices and examples are State Farm, Allstate and AAA. Exclusive agents cannot shop your coverage around so always compare other rates. They receive a lot of sales training on their company’s products which helps offset the inability to provide other markets.
Shown below is a short list of exclusive agencies in Houston who may provide you with price quotes.
These agents do not work for one specific company so as a result can place your coverage with a variety of different insurance companies and get you the best rates possible. If premiums increase, your agent can switch companies and you don’t have to do anything.
When comparing rate quotes, you will definitely want to get several quotes from a few independent agents to have the best price comparison.
Shown below is a list of independent agents in Houston that are able to give price quotes.
Lower Your Houston Insurance Premiums
Many things are used when you get your auto insurance bill. Some of the criteria are obvious like an MVR report, although some other factors are less obvious like where you live and annual miles driven. A large part of saving on insurance is knowing the different types of things that go into determining the level of your policy premiums. When you know what positively or negatively controls the rates you pay, this allows you to make good choices that may reward you with lower premium levels.
The following are some of the factors used by your company to calculate your rate level.
- Choose high crash test ratings and save – Safe vehicles tend to have better insurance rates. Highly rated vehicles help reduce the chance of injuries in an accident and lower rates of occupant injuries means lower claim amounts which can result in lower premiums. If your Chevy is rated at a minimum four stars on Safercar.gov or an “acceptable” rating on iihs.org you may qualify for a discount.
- Vocation can influence prices – Did you know your job can affect your rates? Jobs such as fire fighters, executives and stock brokers generally pay higher premiums than the average policyholder because of high stress and incredibly demanding work hours. On the other hand, careers like scientists, athletes and the unemployed generally pay rates lower than average.
- The higher your credit rating the lower your rates – Having a bad credit score is likely to be a major factor in your rate calculation. Drivers who have excellent credit tend to file fewer claims as compared to drivers with lower ratings. Therefore, if your credit rating is lower than you’d like, you could save money insuring your Chevrolet Silverado by repairing your credit.
- Save mileage and save money – The more miles you rack up on your Chevy in a year’s time the more you’ll pay to insure your vehicle. Many insurance companies price each vehicle’s coverage based on how the vehicle is used. Autos used primarily for pleasure use receive better premium rates than those that get driven frequently. Double check that your insurance policy is rated on how each vehicle is driven. A policy that improperly rates your Silverado may be costing you higher rates.
- Small claims can cost you – Auto insurance companies in Texas give the best rates to insureds who file claims infrequently. If you are the type of insured that files lots of claims you can pretty much guarantee either higher rates or even cancellation. Insurance coverage is intended to be relied upon for claims that pose a financial burden.
- Chevy Silverado insurance loss statistics – Car insurance companies use historical loss data to calculate a price that offsets possible losses. Vehicles that the data determines to have higher claim frequency or loss amount will have higher premium rates.
The table below outlines the collected loss data for Chevy Silverado vehicles. For each policy coverage, the loss probability for all vehicles averaged together is a value of 100. Numbers shown that are under 100 suggest a better than average loss history, while percentage numbers above 100 indicate a higher chance of having a claim or tendency to have higher losses.
Chevrolet Silverado Insurance Claim Statistics
Vehicle Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury Chevrolet Silverado 1500 2WD 76 118 85 78 69 125 Chevrolet Silverado 1500 4WD 60 76 72 54 Chevrolet Silverado 1500 Crew Cab 2WD 89 103 131 77 70 94 Chevrolet Silverado 1500 Crew Cab 4WD 96 105 116 57 57 87 Chevrolet Silverado 1500 Ext Cab 2WD 90 126 100 88 85 117 Chevrolet Silverado 1500 Ext Cab 4WD 84 98 89 60 60 88 Chevrolet Silverado 2500 2WD 60 65 Chevrolet Silverado 2500 4WD 66 97 66 Chevrolet Silverado 2500 Crew Cab 2WD 76 127 65 Chevrolet Silverado 2500 Crew Cab 4WD 88 114 97 45 42 82 Chevrolet Silverado 2500 Ext Cab 2WD 80 54 Chevrolet Silverado 2500 Ext Cab 4WD 79 105 83 37 43 75 Chevrolet Silverado 3500 4WD 65 Chevrolet Silverado 3500 Crew Cab 4WD 98 127 108 54 39 76 Chevrolet Silverado 3500 Ext Cab 4WD 129 127
Empty fields indicate not enough data collected
Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Insurance is not optional in Texas
Despite the potentially high cost of Chevy Silverado insurance, insurance is required by state law in Texas and it also provides benefits you may not be aware of.
- Just about all states have minimum liability requirements which means state laws require specific limits of liability in order to drive the car. In Texas these limits are 30/60/25 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
- If you have a lien on your vehicle, more than likely the lender will make it a condition of the loan that you have physical damage coverage to protect their interest in the vehicle. If you do not keep the policy in force, the lender may insure your Chevy for a lot more money and force you to reimburse them for the much more expensive policy.
- Insurance protects both your Chevy Silverado and your assets. Insurance will pay for medical transport and hospital expenses for both you and anyone you injure as the result of an accident. One policy coverage, liability insurance, also pays for attorney fees and expenses in the event you are sued. If your car is damaged in a storm or accident, your insurance policy will pay all costs to repair after the deductible has been paid.
The benefits of having insurance more than cancel out the cost, particularly if you ever have a claim. Today the average American driver is currently overpaying as much as $865 each year so we recommend shopping around each time the policy renews to ensure rates are inline.
You just read quite a bit of information on how to shop for Chevy Silverado insurance online. It’s most important to understand that the more rate comparisons you have, the higher the chance of saving money. Drivers may even discover the lowest priced insurance comes from a small mutual company. Regional companies may only write in your state and offer lower premium rates compared to the large companies like Progressive and GEICO.
Some insurance providers do not offer online price quotes and usually these regional insurance providers sell through local independent agencies. Cost effective Chevy Silverado insurance can be bought from both online companies in addition to many Houston insurance agents, and you should be comparing both so you have a total pricing picture.
As you restructure your insurance plan, you should never reduce coverage to reduce premium. In too many instances, an accident victim reduced uninsured motorist or liability limits only to regret at claim time that they should have had better coverage. The proper strategy is to buy a smart amount of coverage at the best cost, not the least amount of coverage.
Even more information is located at these sites:
- Learn About Car Insurance (GEICO)
- What Car Insurance is Cheapest for 17 Year Olds in Houston? (FAQ)
- Determining Your Vehicle’s Value and Repair Cost (Insurance Information Institute)
- Where can I buy Insurance? (Insurance Information Institute)