It goes without saying that car insurance companies don’t want you quoting rates from other companies. People who get comparison quotes at least once a year are likely to switch to a new company because the odds are good of finding more affordable rates. A study discovered that people who routinely compared rates saved as much as $865 annually compared to other drivers who never compared rates.
If finding the lowest rates on Chevy Silverado insurance is your objective, then having some insight into how to choose a company and compare insurance rates can save time and money.
Truthfully, the best way to find cheaper quotes for auto insurance rates in Henderson is to begin comparing prices regularly from different companies in Nevada.
- Step 1: Try to learn a little about what is in your policy and the measures you can control to prevent high rates. Many policy risk factors that cause high rates like traffic tickets, fender benders, and a lousy credit rating can be remedied by making minor changes to your lifestyle. This article gives the details to prevent rate hikes and find possible discounts that are available.
- Step 2: Request rate estimates from exclusive agents, independent agents, and direct providers. Direct and exclusive agents can only provide price estimates from one company like Progressive or Farmers Insurance, while independent agencies can provide rate quotes from multiple companies.
- Step 3: Compare the new quotes to the premium of your current policy and see if you can save money. If you find better rates and change companies, ensure there is no coverage lapse between policies.
- Step 4: Notify your current company of your intent to cancel your current coverage. Submit payment and a signed application to your new agent or company. Once the application is submitted, put the proof of insurance certificate along with your vehicle registration.
One tip to remember is to try to compare identical limits and deductibles on every quote and and to look at as many different insurance providers as possible. Doing this helps ensure an apples-to-apples comparison and the best price selection.
Comparing quotes for the lowest cost auto insurance coverage in Henderson is quite easy. If you are insured now or are looking for a new policy, you can follow these tips to lower your rates without sacrificing coverage. Shoppers just need to know the most efficient way to shop their coverage around from multiple carriers.
Insurance policy discounts for Chevy Silverado insurance in Henderson
Insurance can cost an arm and a leg, but there are discounts available that you may not even be aware of. Certain discounts will be applied when you get a quote, but some discounts are required to be manually applied before they will apply. If you don’t get every credit available, you’re paying more than you need to.
- Save over 55 – Older drivers can get a small discount on rates.
- Good Grades Discount – Maintaining excellent grades can be rewarded with saving of up to 25%. The discount lasts up to age 25.
- Seat Belt Discounts – Buckling up and requiring all passengers to fasten their seat belts could save 15% on the premium charged for medical payments and/or PIP.
- Auto/Home Discount – If you can combine your homeowners and auto policy and insure them both with the same insurance company you may save as much as 10 to 15 percent.
- ABS Brakes – Cars, trucks, and SUVs equipped with ABS or steering control can avoid accidents and will save you 10% or more on Silverado insurance in Henderson.
- Driver Safety – Participating in a defensive driver class may get you a small discount and easily recoup the cost of the course.
Don’t be surprised that most of the big mark downs will not be given to the whole policy. Most cut specific coverage prices like comprehensive or collision. So even though you would think it’s possible to get free car insurance, companies don’t profit that way.
The illustration below shows the comparison of Chevy Silverado insurance costs with and without some available policy discounts. The prices are based on a male driver, no violations or accidents, Nevada state minimum liability limits, comprehensive and collision coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, safe-driver, homeowner, multi-car, multi-policy, and marriage discounts applied.
Some companies that may have some of the above discounts include:
Before purchasing a policy, check with each insurance company which credits you are entitled to. Some discounts may not be available in Henderson. To see insurance companies with the best Chevy Silverado insurance discounts in Henderson, click here.
Getting a more affordable price on Chevy Silverado insurance is a fairly straight forward process. Drivers just need to take a few minutes to get quotes to find out which insurance company has cheaper Henderson car insurance quotes.
The auto insurance companies shown below can provide comparison quotes in Nevada. If you want cheap car insurance in Nevada, it’s highly recommended you compare several of them to get the most competitive price.
Chevy Silverado insurance analysis
The rate table displayed next showcases different policy rates for Chevy Silverado models. Having a good grasp of how prices are determined can help guide drivers when making smart policy decisions.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Silverado LS Regular Cab 2WD||$146||$260||$366||$22||$110||$904||$75|
|Silverado LS Regular Cab 4WD||$146||$260||$324||$20||$96||$846||$71|
|Silverado LT Regular Cab 2WD||$166||$318||$366||$22||$110||$982||$82|
|Silverado LT Regular Cab||$166||$318||$366||$22||$110||$982||$82|
|Silverado LS Extended Cab 4WD||$166||$318||$324||$20||$96||$924||$77|
|Silverado LT Extended Cab 4WD||$166||$318||$324||$20||$96||$924||$77|
|Silverado LT Extended Cab 2WD||$166||$318||$366||$22||$110||$982||$82|
|Silverado LS Extended Cab 2WD||$166||$318||$366||$22||$110||$982||$82|
|Silverado LT Crew Cab 4WD||$188||$374||$324||$20||$96||$1,002||$84|
|Silverado LS Crew Cab 2WD||$188||$374||$366||$22||$110||$1,060||$88|
|Silverado LS Crew Cab 4WD||$188||$374||$324||$20||$96||$1,002||$84|
|Silverado LT Crew Cab 2WD||$188||$374||$366||$22||$110||$1,060||$88|
|Silverado LTZ Extended Cab 2WD||$188||$374||$366||$22||$110||$1,060||$88|
|Silverado LTZ Extended Cab 4WD||$188||$374||$324||$20||$96||$1,002||$84|
|Silverado LTZ Crew Cab 2WD||$188||$374||$366||$22||$110||$1,060||$88|
|Silverado LTZ Crew Cab 4WD||$188||$374||$324||$20||$96||$1,002||$84|
|Silverado Crew Cab Hybrid 2WD||$188||$430||$324||$20||$96||$1,058||$88|
|Silverado Crew Cab Hybrid 4WD||$210||$430||$324||$20||$96||$1,080||$90|
|Get Your Own Custom Quote Go|
Price data assumes married female driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Nevada minimum liability limits. Discounts applied include multi-vehicle, safe-driver, claim-free, multi-policy, and homeowner. Premium amounts do not factor in specific location which can revise premiums noticeably.
The illustration below demonstrates how deductibles and can impact Chevy Silverado insurance costs for each age group. The rate quotes are based on a single male driver, full physical damage coverage, and no discounts are factored in.
Violations and accidents raise rates
The diagram below demonstrates how citations and accidents can raise Chevy Silverado insurance prices for each age group. Data assumes a single male driver, full physical damage coverage, $250 deductibles, and no policy discounts are applied.
Price comparison of only insuring for liability
The diagram below shows the difference between Chevy Silverado insurance rates with full physical damage coverage compared to only buying liability only. The premiums are based on no violations or claims, $500 deductibles, drivers are not married, and no discounts are taken into consideration.
When to stop buying comprehensive and collision coverage
There is no definitive guideline to stop buying comprehensive and collision coverage on your policy, but there is a general school of thought. If the annual cost of your full coverage insurance is about 10% or more of the replacement cost minus the deductible, then it could be time to drop full coverage.
For example, let’s pretend your Chevy Silverado replacement cost is $6,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled, the most you would receive is $5,000 after the policy deductible has been paid. If it’s costing in excess of $500 a year to have full coverage, then it’s probably a good time to buy liability coverage only.
There are a few cases where eliminating full coverage is not a good plan. If you haven’t paid off your loan, you have to maintain full coverage as part of the loan conditions. Also, if you can’t afford to buy a different vehicle if your current one is damaged, you should keep full coverage on your policy.
When should I discuss my situation with an agent?
Always remember that when buying a policy, there is no single plan that fits everyone. Your financial needs are unique so your insurance needs to address that.
These are some specific questions can help discover if your insurance needs would benefit from an agent’s advice.
- Should I file a claim if it’s only slightly more than my deductible?
- What are good deductibles for a Chevy Silverado?
- Should I carry comprehensive and collision coverage?
- What does UM/UIM cover?
- Who does medical payments coverage extend to?
- At what point should I drop full coverage?
- Do all my vehicles need collision coverage?
If you don’t know the answers to these questions but you think they might apply to your situation, then you may want to think about talking to an insurance agent. To find an agent in your area, fill out this quick form or go to this page to view a list of companies. It’s fast, free and can provide invaluable advice.
Can’t I get rate quotes from local Henderson insurance agencies?
A small number of people just prefer to buy from a local agent and that is a smart decision Most agents are very good at helping people manage risk and give you someone to call. One of the best bonuses of comparing rate quotes online is the fact that drivers can get lower premium rates and still have a local agent. And buying from neighborhood insurance agencies is important especially in Henderson.
Upon completion of this quick form, your insurance data gets sent to insurance agents in Henderson that give free quotes for your insurance coverage. There is no need to find an agent on your own as quotes are delivered immediately to your email address. If for some reason you want to compare rates from a specific company, you can always jump over to their website and give them your coverage information.
Henderson auto insurance agents come in two flavors
If you’re trying to find a good Henderson insurance agent, you need to know there are two different agency structures and how they can service your needs differently. Car insurance agents in Henderson can be categorized as either exclusive or independent agents depending on their company appointments. Both types of agents can properly insure your vehicles, but it is a good idea to know why they differ since it can affect your selection of an agent.
Independent Agencies or Brokers
Agents that elect to be independent are not required to write business for one company so they can quote policies with many different companies depending on which coverage is best. To transfer your coverage to a different company, they simply switch companies in-house which requires no work on your part.
If you are trying to find cheaper rates, we recommend you include a couple of independent agencies in order to compare the most rates. Most can insure with less well-known companies which can be an advantage.
Listed below is a list of independent agencies in Henderson who may provide pricing information.
- American National Insurance Morgan Agency LLC, Jarod Morgan
1120 Wigwam Pkwy #100 – Henderson, NV 89052 – (702) 430-7764 – View Map
- Paradigm Insurance Agency
170 S Green Valley Pkwy #300 – Henderson, NV 89012 – (702) 522-0730 – View Map
- Express Auto Insurance LLC
1371 W Warm Springs Rd – Henderson, NV 89014 – (702) 907-0000 – View Map
Exclusive Insurance Agents
Agents of this type write business for a single company such as Farmers Insurance, State Farm, Allstate, and AAA. These agents are not able to shop your coverage around so they are skilled at selling on more than just price. They receive extensive training on their company’s products which helps overcome the inability to quote other rates. Many people buy from the same agent for years primarily because of the prominent brand name rather than having low rates.
Below is a list of exclusive agents in Henderson willing to provide price quotes.
- American Family Insurance – Barbara Nielson
1776 W Horizon Ridge Pkwy Ste 110 – Henderson, NV 89012 – (702) 906-1860 – View Map
- GEICO Insurance Agent
19 S Stephanie St #190 – Henderson, NV 89012 – (702) 565-9198 – View Map
- Tommy Brooks – State Farm Insurance Agent
8955 S Pecos Rd #1b – Henderson, NV 89074 – (702) 750-9990 – View Map
Choosing the best insurance agent needs to be determined by more than just a low price. A good agent in Henderson will have answers to these questions.
- Is the agent properly licensed in Nevada?
- Are aftermarket or OEM parts used to repair vehicles?
- Does the agency provide any after hours assistance?
- Do they offer accident forgiveness?
- Which companies can they place coverage with?
- Which companies do they recommend if they are an independent agency?
After you get positive feedback to all your questions as well as a price you’re happy with, chances are good that you have found a car insurance agent that is reliable enough to provide car insurance coverage. But remember, policyholders can cancel coverage when you choose so never assume that you are obligated to a specific agent for a certain time period.
Car insurance coverages 101
Having a good grasp of a car insurance policy helps when choosing the best coverages at the best deductibles and correct limits. The terms used in a policy can be impossible to understand and even agents have difficulty translating policy wording. These are the usual coverages found on the average car insurance policy.
This coverage protects you and your vehicle when other motorists do not carry enough liability coverage. This coverage pays for medical payments for you and your occupants as well as your vehicle’s damage.
Since a lot of drivers have only the minimum liability required by law (which is 15/30/10), it only takes a small accident to exceed their coverage. So UM/UIM coverage is a good idea. Frequently these coverages are identical to your policy’s liability coverage.
Comprehensive or Other Than Collision
This pays for damage OTHER than collision with another vehicle or object. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.
Comprehensive can pay for things such as damage from a tornado or hurricane, vandalism and theft. The maximum payout a car insurance company will pay at claim time is the cash value of the vehicle, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.
Auto collision coverage
Collision insurance pays for damage to your Silverado caused by collision with another vehicle or an object, but not an animal. You have to pay a deductible then the remaining damage will be paid by your insurance company.
Collision coverage pays for things like rolling your car, hitting a parking meter, driving through your garage door, scraping a guard rail and sideswiping another vehicle. This coverage can be expensive, so consider removing coverage from older vehicles. It’s also possible to increase the deductible on your Silverado to save money on collision insurance.
Coverage for liability
Liability coverage protects you from damages or injuries you inflict on people or other property by causing an accident. Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see limits of 15/30/10 which means a $15,000 limit per person for injuries, a total of $30,000 of bodily injury coverage per accident, and a limit of $10,000 paid for damaged property. Another option is one number which is a combined single limit which limits claims to one amount and claims can be made without the split limit restrictions.
Liability coverage pays for things like medical services, structural damage and emergency aid. How much liability should you purchase? That is up to you, but it’s cheap coverage so purchase as large an amount as possible. Nevada state law requires minimum liability limits of 15/30/10 but you should consider buying better liability coverage.
The illustration below shows why minimum state limits may not provide adequate coverage.
Medical costs insurance
Medical payments and Personal Injury Protection insurance pay for bills like doctor visits, dental work, nursing services, pain medications and X-ray expenses. They are often used to fill the gap from your health insurance policy or if you lack health insurance entirely. Medical payments and PIP cover both the driver and occupants as well as getting struck while a pedestrian. PIP coverage is not universally available but it provides additional coverages not offered by medical payments coverage
Cheap coverage is out there
Some insurance providers may not have the ability to get a quote online and most of the time these smaller providers work with local independent agencies. Cost effective Chevy Silverado insurance is available online and from local agencies, so you need to compare both so you have a total pricing picture.
We just presented a lot of information how to compare Chevy Silverado insurance car insurance rates in Henderson. The key thing to remember is the more rate comparisons you have, the higher the chance of saving money. You may even discover the biggest savings come from a smaller regional carrier. Some small companies may have significantly lower premium rates on certain market segments as compared to the big name companies such as Allstate and Progressive.
Additional insurance information can be found on the following sites:
- If I File a Claim will My Insurance Go Up? (Insurance Information Institute)
- Who Has Cheap Car Insurance for a 20 Year Old Male in Henderson? (FAQ)
- Who Has the Cheapest Car Insurance for Teenagers in Henderson? (FAQ)
- Who Has Affordable Henderson Auto Insurance Rates for a 20 Year Old Female? (FAQ)
- Choosing a Car for Your Teen (State Farm)
- Airbag FAQ (iihs.org)
- Rental Reimbursement Coverage (Allstate)