Cheap Insurance for a Chevrolet Silverado in North Carolina

Our editors always tell us that when writing about car insurance, the word “cheap” should never appear as a descriptor for car insurance rates. Despite the oxymoron, cheap car insurance for a Chevy Silverado can be hard to find. Don’t get your dauber down, because we can show you some ways you can find car insurance that doesn’t break your budget.

Your chances of finding the cheapest car insurance for a Chevy Silverado in North Carolina depends on a very complex rating algorithm that uses multiple factors like the safety features of your vehicle, whether or not you have prior claims, and any prior driving offenses. Drivers in North Carolina pay on average $800 each year for Silverado insurance, but that rate is an estimate that rates a 30-year-old single male with comprehensive and collision coverage and $1,000 physical damage deductibles.

When making auto insurance estimates, the issue arises that you are not 30 years old and maybe not even male, married instead of single, or you have a violation or two on your driving record. What appears to be a small change in the rating input factors can precipitate large changes in policy price.

Everyone has different rating factors, so the most reliable method for finding cheap auto insurance rates for your Chevrolet is to quote often and with as many companies as possible.

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The specific trim level will most likely have an effect on the coverage cost, so the price to insure a Silverado LS Regular Cab 2WD trim level will be $104 cheaper than the cost to insure the more expensive Silverado Crew Cab Hybrid 4WD version, as shown in the prices below.

Data variables include single male driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and North Carolina minimum liability limits. Discounts applied include multi-policy, claim-free, safe-driver, homeowner, and multi-vehicle. Premium amounts do not factor in specific zip code location which can raise or lower insurance rates noticeably.

Trying to find reasonably-priced auto insurance is not the easiest thing to accomplish, and determining which company quotes the lowest-priced auto insurance rates for a Chevy Silverado requires more quotes for comparison. Each insurer has their own guidelines to set their prices, so let’s take a look at the auto insurance companies with the overall best prices in North Carolina.

It’s important to understand that North Carolina auto insurance rates are influenced by many factors which can substantially decrease or increase the cost of coverage. This price variability is why North Carolina drivers need to take the time to shop around when trying to find the cheapest car insurance quotes for a Chevy Silverado. Prices are calculated by many factors and change substantially, so the most economical option when you last compared rates may now be wasting a lot of money.

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Utica National generally has some of the lowest car insurance rates in North Carolina at around $655 per year. Progressive, NC Farm Bureau, Penn National, and Liberty Mutual also are some of the cheapest North Carolina auto insurance companies.

In the above rates, if you currently have a policy with Progressive and switched to Utica National, you could earn yearly savings of roughly $3. Policyholders with NC Farm Bureau may save as much as $54 a year, and Penn National policyholders might cut rates by $62 a year.

It’s important to note that these prices are averages across all types of insureds and vehicles and and are not calculated with a specific rating modification for a Chevy Silverado. So the car insurance company that fits your situation best may not even be shown in the list above. That affirms the importance of why you need to get car insurance quotes using your own specific driver information and vehicle.

Discounts on cheap insurance for a Chevy Silverado in North Carolina

Car insurance companies that provide coverage for a Chevy Silverado may provide rate discounts that could reduce prices by as much as 40% or more if you can meet the requirements. A few popular companies and some of the discounts are outlined below.

• American Family may offer discounts for bundled insurance, Steer into Savings, early bird, multi-vehicle, mySafetyValet, defensive driver, and accident-free.
• Nationwide may include discounts for business or organization, family plan, accident-free, good student, and defensive driving.
• MetLife offers discounts for good driver, multi-policy, good student, accident-free, claim-free, and defensive driver.
• 21st Century may have discounts that include teen driver, automatic seat belts, student driver, early bird, air bags, 55 and older, and homeowners.
• Farmers Insurance policyholders can earn discounts including homeowner, electronic funds transfer, good student, pay in full, alternative fuel, business and professional, and switch companies.
• Allstate has discounts for passive restraint, EZ pay plan discount, eSmart discount, farm vehicle, 55 and retired, premier plus, and auto/life discount.

The example below shows the comparison of insurance premiums with and without some available policy discounts. The premiums are based on a female driver, no tickets, no at-fault accidents, North Carolina state minimum liability limits, comprehensive and collision coverage, and $500 deductibles. The first bar for each age group shows the average rate with no discounts. The second shows the rates with homeowner, vehicle safety, defensive driving course, passive restraint, multiple policy, and claim-free discounts applied. When drivers qualify for the discounts, the the average yearly reduction on auto insurance for a Chevy Silverado is 28% or $393.

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Best cheap Chevrolet Silverado insurance quotes

Drivers have a lot of different ways to compare cheaper auto insurance rates in North Carolina, but the three most common ways are from an independent or non-exclusive agent, an exclusive insurance agency such as Allstate or Liberty Mutual, or buying direct from a company like Progressive or Geico.

Each way has the same basic steps, but buyers need to know the differences in how they work.

Independent agents are appointed by several companies and can get rate quotes from all of them. Agents of this type are not locked into one company and can give you more rates, which may provide you with better odds of saving money. If your premiums go up, your policy can be moved which is easy for the insured.

An agent who is captive is restricted to one insurance company such as an Allstate or Liberty Mutual agent. Exclusive agencies are unable to shop your coverage around, so they have no alternatives for high prices.

The last way is buying direct, which means you bypass an agent and instead shop buying direct from a company like Esurance or Geico. Buying auto insurance direct is good for people who have an average risk profile and know more than average about what coverage limits and deductibles they need.

So which of the methods works best for finding cheap insurance for a Chevy Silverado in North Carolina? We wish we could say buying direct yields the cheapest rates since there is no need to pay agent commissions, but that is generally not the case. It would also be easy to say an independent agency is the best way due to more options, but that idea is not necessarily true either. In many cases, exclusive agencies have very competitive rates that independents and direct companies can’t touch.

Since auto insurance prices vary so much, really the best method to buy the cheapest coverage is to compare lots of quotes. It’s recommended that drivers get price quotes all three ways to have the best selection of rates to choose from. For a list of companies offering online discounts in North Carolina, click here to view.

How to find budget-friendly auto insurance for a Chevy Silverado

It is possible to find better rates, and here are some of the better money-saving solutions that can help drivers get low-cost car insurance.

• Raise deductibles
• Maintain a safe distance and avoid accidents
• Speeding tickets and other violations increase rates
• Higher credit ratings may save you money
• Vehicles with safetly features generally cost less to insure
• Save money by insuring older vehicles for liability only
• Shop around once a year for cheaper rates

The last idea is particularly valuable, as we discussed in the article above. Car insurance rates in North Carolina change frequently, so don’t be unwilling to buy from a different company if a cheaper rate is available. Many drivers tend to have loyalty to a certain company, but it’s not a great idea if that inflexibility results in costing you a fortune every year. It takes less than five minutes to compare rates and find cheaper car insurance for a Chevy Silverado.