Best Cheap Insurance for a Chevrolet Silverado in Alabama

Finding cheap car insurance for a Chevy Silverado in Alabama depends on a complex calculation that is influenced by things such as the amount of driving experience you have, whether or not you have prior claims, and your driving record. Drivers pay on average $1,240 annually for Silverado insurance, but that amount is a valuation assuming a 40-year-old married male driver that included full coverage including both comprehensive and collision and $100 physical damage deductibles.

There is a very good chance that you are not 40 years old and maybe not even male, single instead of married, or maybe you prefer higher deductibles. Making even small differences in rating variables can cause significant differences in the cost of insurance.

The different assumptions illustrate why the best method for finding the cheapest rates for your Chevrolet is to quote often and with as many companies as possible.

Find Cheaper Chevrolet Silverado Insurance

The trim level of your vehicle tends to have a direct impact on the annual cost of coverage, so the rate you will pay to insure a Silverado LS Regular Cab 2WD trim level will be $298 cheaper than the price to insure the more expensive Silverado Crew Cab Hybrid 4WD model, as demonstrated by the prices below.

Prices based on married male driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Alabama minimum liability limits. Discounts applied include homeowner, safe-driver, multi-vehicle, multi-policy, and claim-free. Prices do not factor in garaging location in Alabama which can affect coverage rates considerably.

Establishing which companies quote the lowest-priced car insurance rates for a Chevy Silverado takes a little more work in order to find the lowest price. Every insurance provider has a unique approach for determining rates in each state, so we’ll take a look at the car insurance companies with the overall cheapest rates in Alabama.

It’s a good idea to know that Alabama car insurance rates are determined by lots of factors that may substantially change the cost of your policy. Simply turning a year older, moving to a new city, or getting a driving violation may generate price changes resulting in some rates now being more affordable than before.

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Cincinnati Insurance has some of the best car insurance rates in Alabama at around $804 a year. Travelers, USAA, GEICO, and Country would also make the list of some of the cheaper Alabama insurance companies.

In the above rates, if you have coverage with Country and switched to Travelers, you might see a yearly savings of in the neighborhood of $344. Drivers with Safeway may save as much as $355 a year, and Auto-Owners insureds might realize rate reductions of up to $355 a year.

To see if you’re overpaying, click here or quote prices from the following companies.

These prices are averages across all drivers and vehicles and do not factor in a specific rate value for a Chevy Silverado. So the auto insurance company that can offer you the best price may not even be featured in the list above. That’s why you need to compare rates from as many companies as possible using your own personal information and vehicle type.

Reckless driving habits raise car insurance rates

The recommended way to find affordable car insurance rates in Alabama for a Silverado pickup is to be a cautious driver and not have accidents or get tickets. The example below illustrates how violations and at-fault accidents drive up insurance costs for different ages of insureds. The information is based on a single male driver, comprehensive and collision coverage, $500 deductibles, and no discounts are taken into consideration.

In the previous chart, the average cost of car insurance in Alabama per year with a clean driving record and no accidents is $2,156. Get written up for two speeding tickets and the average cost jumps to $2,848, an increase of $692 each year. Now add two accidents along with the two speeding tickets and the 12-month cost of car insurance for a Chevy Silverado goes up to an average of $5,543. That’s an increase of $3,387, or $282 per month, just for not keeping your driving record clean!

The illustration below illustrates how your choice of deductibles can change insurance costs when getting quotes for cheap insurance for a Chevy Silverado. The data assumes a single male driver, full physical damage coverage, and no discounts are applied.

The chart above illustrates that a 30-year-old driver could reduce rates by $374 a year by switching their comprehensive and collision coverages from a $100 deductible to a $500 deductible, or save $562 by switching to a $1,000 deductible. Young drivers, such as the 20-year-old example, could lower their rates $1,094 every year just by choosing higher deductibles when buying full coverage. When insureds make the decision to increase the deductibles on their policy, it will be necessary to have enough funds in savings to be able to pay the extra out-of-pocket expense, which is the main drawback of higher deductibles.

How to find budget-friendly insurance for a Chevy Silverado

The list below shows some of the recommended penny-pinching ideas that can help drivers locate low-cost coverage.

• Higher physical damage deductibles lower rates
• Safe vehicles cost less to insure
• Accidents can significantly increase rates
• Avoid getting tickets or violations
• Good credit scores may make rates cheaper
• Shop your coverage around for the best deal

That last idea is especially important, as we discussed in this write-up. Auto insurance rates adjust frequently, so drivers shouldn’t be resistant to buy from a different company if a lower price can be found.

Brand loyalty is great, but it’s not a good idea if that devotedness results in you overpaying hundreds every year. It takes less than five minutes to shop around and find cheaper insurance for a Chevy Silverado.

Who has the cheapest Chevrolet Silverado insurance quotes?

There are many ways to find affordable car insurance in Alabama, but the most prevalent are through an independent or non-exclusive agent, an exclusive insurance agent such as Liberty Mutual or Allstate, or from a direct company like Progressive or Geico. You can use whichever method you prefer, but car insurance shoppers should know the differences in how they function.

Independent agents write business for many companies and can provide price quotes from each one. Independent agents possess the freedom to get prices from more than one company, which may give you better odds of saving money. If your agent finds a cheaper company, you can get a different policy and you can remain with the same agent.

An exlusive, or captive, agency is contracted to one insurance company, two examples being a State Farm or Farmers agent. Exclusive agencies are unable to provide multiple price quotes, so if the price isn’t competitive there isn’t much they can do.

Car insurance from a direct company means you skip an agent and buy from a direct company like Geico or Esurance. Shopping for car insurance direct is a good choice for drivers who have lower risk management needs and have knowledge of the limitations of car insurance.

Which way works best to buy the best cheap insurance for a Chevy Silverado in Alabama? Our initial answer would be buying from a direct car insurance company saves money since it doesn’t require paying agent commissions, but unfortunately, that is not the case. It would also be easy to say buying car insurance from an independent agent can save the most money since they can provide multiple quotes, but again, that’s not accurate. In the right set of circumstances, the exclusive agents have extremely competitive rates that are the lowest in Alabama.

Since car insurance prices are based on many different factors, the one way to buy the cheapest coverage is to do a thorough rate comparison. We highly recommend getting quotes from all three in order to be able to find the lowest price. For a list of companies with cheap rates in Alabama, click here to view.