Do you want to stop overpaying and find more affordable Chevy Silverado insurance in Phoenix? Finding discount Phoenix Chevy Silverado insurance quotes is overwhelming for consumers new to comparing rates on the web. With literally dozens of insurance companies available, how are consumers expected to efficiently compare every company to locate the lowest price available?
Unbelievably, the vast majority of Arizona auto insurance customers kept their policy with the same company for at least the last four years, and almost half have never quoted rates to find affordable coverage. With the average premium in America being $1,847, drivers could pocket roughly $850 a year just by getting comparison quotes, but they just feel it’s too hard to compare rates and save money.
It’s important to know that comparing more rates from different companies will improve the odds of getting better pricing.
The following companies are our best choices to provide quotes in Arizona. If multiple companies are listed, we suggest you visit several of them to get the best price comparison.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Silverado LS Regular Cab 2WD||$174||$314||$356||$22||$106||$972||$81|
|Silverado LS Regular Cab 4WD||$108||$198||$314||$18||$94||$732||$61|
|Silverado LT Regular Cab 2WD||$264||$390||$444||$26||$132||$1,256||$105|
|Silverado LT Regular Cab||$110||$204||$318||$18||$96||$746||$62|
|Silverado LS Extended Cab 4WD||$158||$302||$404||$24||$122||$1,010||$84|
|Silverado LT Extended Cab 4WD||$222||$442||$390||$24||$116||$1,194||$100|
|Silverado LT Extended Cab 2WD||$264||$390||$444||$26||$132||$1,256||$105|
|Silverado LS Extended Cab 2WD||$224||$382||$346||$20||$104||$1,076||$90|
|Silverado LT Crew Cab 4WD||$194||$342||$308||$18||$92||$954||$80|
|Silverado LS Crew Cab 2WD||$156||$326||$440||$26||$132||$1,080||$90|
|Silverado LS Crew Cab 4WD||$158||$332||$362||$22||$108||$982||$82|
|Silverado LT Crew Cab 2WD||$184||$290||$444||$26||$132||$1,076||$90|
|Silverado LTZ Extended Cab 2WD||$194||$342||$348||$20||$104||$1,008||$84|
|Silverado LTZ Extended Cab 4WD||$224||$450||$314||$18||$94||$1,100||$92|
|Silverado LTZ Crew Cab 2WD||$156||$284||$346||$20||$104||$910||$76|
|Silverado LTZ Crew Cab 4WD||$166||$316||$288||$18||$86||$874||$73|
|Silverado Crew Cab Hybrid 2WD||$228||$538||$288||$18||$86||$1,158||$97|
|Silverado Crew Cab Hybrid 4WD||$278||$620||$314||$18||$94||$1,324||$110|
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Cost estimates assume married female driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Arizona minimum liability limits. Discounts applied include multi-policy, multi-vehicle, safe-driver, claim-free, and homeowner. Rates do not factor in specific location information which can increase or decrease auto insurance rates substantially.
Accidents and violations increase rates
The example below demonstrates how traffic citations and at-fault fender-benders can increase Chevrolet Silverado insurance prices for each different age category. Data assumes a single male driver, full physical damage coverage, $1,000 deductibles, and no discounts are applied.
Comparison of policy deductibles
The information below highlights how deductible selection and can affect Chevrolet Silverado insurance rates for different age groups of insureds. The data assumes a single female driver, full physical damage coverage, and no additional discounts are factored in.
Cost difference between full coverage and liability
The diagram below illustrates the difference between Chevrolet Silverado insurance prices with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The data assumes no violations or accidents, $100 deductibles, married female driver, and no policy discounts are applied.
When to stop buying comprehensive and collision coverage
There is no specific rule for phasing out physical damage coverage, but there is a general guideline you can use. If the yearly cost of full coverage is more than around 10% of the settlement you would receive from your company, then you might want to think about dropping full coverage.
For example, let’s pretend your Chevrolet Silverado claim settlement value is $4,000 and you have $1,000 physical damage deductibles. If your vehicle is damaged in an accident, you would only receive $3,000 after paying your policy deductible. If you are paying in excess of $300 a year for full coverage, the it may be a good time to stop paying for full coverage.
There are some cases where dropping full coverage is not in your best interest. If you still owe money on your vehicle, you have to carry full coverage in order to prevent your loan from defaulting. Also, if you don’t have enough money to buy a different vehicle if your current one is totaled, you should keep full coverage in place.
Cheap Phoenix car insurance quotes with discounts
Companies do not list the complete list of policy discounts very well, so the next list breaks down some of the more common as well as some of the hidden discounts that may be available.
- Savings for New Vehicles – Insuring a new Silverado can cost up to 25% less compared to insuring an older model.
- Seat Belts Save – Buckling up and requiring all passengers to use their safety belts can save 10% or more off the PIP or medical payment premium.
- Telematics Devices – Phoenix drivers who agree to allow companies to spy on when and where they use their vehicle by using a telematics device such as In-Drive from State Farm or Allstate’s Drivewise system might see lower rates if their driving habits are good.
- Accident Waiver – This isn’t a discount exactly, but companies like Progressive, Allstate, and Liberty Mutual will allow you to have one accident without raising rates if you have no claims prior to being involved in the accident.
- Drive Less and Save – Maintaining low annual mileage could be rewarded with lower rates due to less chance of an accident.
- Theft Deterrent Discount – Cars and trucks that have factory anti-theft systems are stolen less frequently and qualify for as much as a 10% discount.
Just know that many deductions do not apply to your bottom line cost. Some only reduce the cost of specific coverages such as collision or personal injury protection. Despite the appearance that having all the discounts means you get insurance for free, you aren’t that lucky.
For a list of companies that offer the discounts shown above in Phoenix, click here to view.
Exclusive versus independent insurance agencies
A small number of people still prefer to go talk to an agent and that can be a smart move One of the best bonuses of comparing rates online is that you can find cheap auto insurance rates but also keep your business local. Buying from and supporting small agencies is important especially in Phoenix.
After filling out this simple form, your insurance coverage information is sent to agents in your area who will return price quotes for your auto insurance coverage. There is no need to find an agent on your own because quoted prices will be sent directly to your email. Get lower rates without having to waste a lot of time. If you want to get a comparison quote from a specific insurance company, you would need to search and find their rate quote page and give them your coverage information.
If you want to buy auto insurance from a local agent, it can be helpful to understand the types of agencies and how they can quote your rates. Auto insurance agents are considered either exclusive or independent agents depending on their company appointments.
Independent Auto Insurance Agents (or Brokers)
Agents that choose to be independent often have many company appointments and that enables them to quote your coverage through many different auto insurance companies and get the cheapest rates. To move your coverage to a new company, they simply move your policy to a different company and the insured can keep the same agent. When shopping rates, we highly recommend that you get some free quotes from multiple independent agents so that you can do a thorough price comparison. Many write coverage with smaller regional carriers that can offer cheaper rates than bigger companies.
Listed below is a small list of independent insurance agencies in Phoenix that may be able to give you free auto insurance rate quotes.
- Citywide Insurance
1529 W Thomas Rd – Phoenix, AZ 85015 – (602) 241-9200 – View Map
- Travelers Insurance
22601 N 19th Ave #216 – Phoenix, AZ 85027 – (623) 572-0032 – View Map
- Independent Insurance Agents
333 E Flower St – Phoenix, AZ 85012 – (602) 956-1851 – View Map
Exclusive Auto Insurance Agents
Exclusive agencies are contracted to one company such as AAA, Allstate, State Farm, or Farmers Insurance. Exclusive agents cannot give you multiple price quotes so they are skilled at selling on more than just price. Exclusive agencies are well trained on their company’s products and that allows them to sell at a higher price point. Drivers often choose to use an exclusive agent partially due to the prominent brand name and solid financial strength.
Shown below are Phoenix exclusive insurance agents willing to provide comparison quotes.
- Gunther Perdomo Llana – State Farm Insurance Agent
2040 E Bell Rd #110 – Phoenix, AZ 85022 – (602) 971-8488 – View Map
- Douglas Cheung – State Farm Insurance Agent
2600 N 44th St #110 – Phoenix, AZ 85008 – (602) 840-6655 – View Map
- Mattie Taylor – State Farm Insurance Agent
4225 W Bell Rd – Phoenix, AZ 85053 – (602) 938-4491 – View Map
Choosing an car insurance agent requires you to look at more than just a cheap quote. Any agent in Phoenix should be willing to answer these questions.
- How would your car be valued if totalled?
- Do the agents have professional certifications like CPCU or CIC?
- Do they regularly work with personal auto policies in Phoenix?
- Does the quote include credit and driving reports?
- How many years have they been established?
- Will vehicle repairs be made with aftermarket parts or OEM replacement parts?
- Does the company have a solid financial rating?
Six Things That Affect Your Insurance Prices
One of the most helpful ways to save on auto insurance is to to have a grasp of some of the elements that help determine the level of your policy premiums. When you know what positively or negatively determines base rates, this allows you to make educated decisions that may reward you with better auto insurance rates. Lots of factors are part of the calculation when you get your auto insurance bill. Most are fairly basic such as your driving record, although others are less apparent such as your credit history and annual miles driven.
The items below are most of the major factors auto insurance companies consider when setting your rates.
Vocation stress can affect rates – Careers such as fire fighters, executives and dentists generally have higher average rates because of high stress and long work hours. On the flip side, jobs like actors, engineers and homemakers have lower than average premiums.
Marriage can lower prices – Having a significant other may earn you lower rates when shopping for auto insurance. Having a spouse means you’re more responsible and it’s statistically proven that married drivers get in fewer accidents.
Save money with theft deterrents – Owning a car that has an advanced theft prevention system can help bring down rates. Theft prevention devices like OnStar, LoJack tracking, and tamper alarms all help stop auto theft and help lower rates.
Performance influences insurance prices – The performance of the car you own makes a significant difference in your auto insurance rates. The cheapest rates are generally reserved for the lowest performance passenger vehicles, but the final cost of insurance is determined by many other factors. Due to the fact that the Chevrolet Silverado falls in the pickup truck class, rates will be similar in price as compared to the average rate in Phoenix.
High physical damage deductibles lower premiums – Physical damage deductibles tell how much you are required to spend if you file a covered claim. Coverage for physical damage, also called comprehensive and collision insurance, is used to repair damage to your car. Some coverage claims would be colliding with a stationary object, hail damage, and damage caused by road hazards. The more of the claim you have to pay, the lower your rates will be.
More than one policy can earn a discount – Most companies will award better rates to customers who carry more than one policy such as combining an auto and homeowners policy. If you currently are using one company, it’s still a good idea to shop around to guarantee you are still saving the most.
Insurance losses for a Chevy Silverado – Insurers use past loss statistics for each vehicle as a tool for profitable underwriting. Models that the data determines to have increased losses will have a higher cost to insure. The next table shows the collected loss data for Chevy Silverado vehicles.
For each insurance policy coverage type, the statistical loss for all vehicles, regardless of make, model or trim level, is represented as 100. Values below 100 suggest a better than average loss history, while numbers shown that are more than 100 point to more claims or a tendency for losses to be larger than average.
Chevrolet Silverado Insurance Loss Statistics
|Vehicle Make and 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 from IIHS.org for 2013-2015 Model Years
Car insurance protects more than just your car
Even though Phoenix Silverado insurance rates can get expensive, buying car insurance serves a purpose in several ways.
- Almost all states have compulsory liability insurance requirements which means it is punishable by state law to not carry a specific level of liability protection if you want to drive legally. In Arizona these limits are 15/30/10 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
- If you have a loan on your Chevy Silverado, almost all lenders will require you to have insurance to guarantee payment of the loan. If you do not pay your insurance premiums, the lender will be forced to insure your Chevy at a significantly higher premium and force you to reimburse them for it.
- Insurance protects both your Chevy Silverado and your personal assets. It will also cover many types of medical costs for not only you but also any passengers injured in an accident. Liability insurance, one of your policy coverages, also covers legal expenses if you are sued as the result of an accident. If you have damage to your Chevy as the result of the weather or an accident, comprehensive and collision coverage will cover the repair costs.
The benefits of having insurance outweigh the cost, especially for larger claims. Unknowingly, the average driver is overpaying over $865 each year so it’s recommended you shop around once a year at a minimum to be sure current rates are still competitive.
A little work can save a LOT of money
We just showed you a lot of information how to lower your Chevy Silverado insurance premium rates in Phoenix. It’s most important to understand that the more companies you get prices for, the more likely it is that you will get a better rate. You may even be surprised to find that the biggest savings come from an unexpected company.
Consumers leave their current company for a variety of reasons including being labeled a high risk driver, poor customer service, high prices and even not issuing a premium refund. Regardless of your reason for switching companies, switching companies is less work than it seems.
The cheapest Chevy Silverado insurance in Phoenix is definitely available on the web in addition to many Phoenix insurance agents, so you should compare both to have the best selection. Some insurance companies don’t offer price quotes online and usually these smaller providers prefer to sell through local independent agents.
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- Credit and Insurance Scores (Insurance Information Institute)
- What if I Can’t Find Coverage? (Insurance Information Institute)
- What are my Rights when Filing a Claim? (Insurance Information Institute)
- New head restraint design cuts injuries (Insurance Institute for Highway Safety)