Would you like an easy way to compare low-cost Chevy Silverado insurance in Portland? Purchasing the most affordable Portland Chevy Silverado insurance quotes over the internet might seem overwhelming for vehicle owners that are not comfortable with quoting and shopping for insurance over the internet. With so many companies competing online, how can vehicle owners be able to compare every one to find the best available price?
Steps to buying lower priced Chevy Silverado insurance in Portland
The most effective way to find more affordable car insurance rates in Portland is to start comparing prices regularly from insurers in Oregon.
- Get an understanding of how companies set rates and the measures you can control to prevent rate increases. Many risk factors that result in higher prices like at-fault accidents, speeding tickets, and poor credit rating can be remedied by making minor changes in your lifestyle. This article provides the details to prevent expensive rate increases and find missing discounts.
- Request price quotes from independent agents, exclusive agents, and direct companies. Direct and exclusive agents can give quotes from a single company like GEICO or Farmers Insurance, while agents who are independent can provide rate quotes from multiple insurance companies. Start a quote
- Compare the new rate quotes to your existing coverage and see if there is a cheaper rate in Portland. If you find a lower rate and change companies, make sure there is no lapse in coverage.
- Provide notification to your current company of your decision to cancel your current auto insurance policy and submit a down payment and signed policy application to your new insurance company. As soon as you can, keep the new certificate of insurance in your vehicle’s glove compartment or console.
One key aspect of rate comparisons is to use the same coverage limits and deductibles on each quote and and to get price quotes from as many companies as feasibly possible. Doing this helps ensure a fair price comparison and a complete price analysis.
Smart shoppers know that car insurance companies don’t want you quoting rates from other companies. Insureds who compare other prices will most likely switch car insurance companies because they have a good chance of getting low-cost coverage. A recent survey revealed that people who routinely shopped for cheaper coverage saved about $70 a month compared to people who never compared other company’s rates.
If finding the cheapest price for auto insurance is your ultimate goal, then learning a little about how to get price quotes and compare coverage rates can make it easier for you to save money.
It’s a good idea to do rate comparisons yearly because insurance prices change quite often. Even if you think you had the lowest rate on Chevy Silverado insurance in Portland a couple years back other companies may now be cheaper. Ignore everything you know about car insurance because you’re about to find out the only way to properly buy coverages while reducing your premium.
When looking for cheaper Portland auto insurance quotes, there are a couple ways to compare rate quotes from companies that offer car insurance in Oregon. The simplest method to lower the rate you pay for insurance involves getting comparison quotes online.
Just keep in mind that comparing more quotes helps you find a lower rate than you’re paying now. Some companies don’t provide rate quotes online, so it’s recommended that you also compare prices on coverage from those companies, too.
The companies in the list below are our best choices to provide price quotes in Oregon. To buy the best car insurance in Portland, we suggest you visit as many as you can to find the lowest car insurance rates.
Insurance analysis for a Chevy Silverado
The table below covers estimates of coverage prices for Chevy Silverado models. Learning as much as possible about how rates are established is important for drivers to make decisions when shopping your coverage around.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Silverado LS Regular Cab 2WD | $184 | $336 | $380 | $22 | $114 | $1,036 | $86 |
| Silverado LS Regular Cab 4WD | $184 | $336 | $336 | $20 | $100 | $976 | $81 |
| Silverado LT Regular Cab 2WD | $212 | $408 | $380 | $22 | $114 | $1,136 | $95 |
| Silverado LT Regular Cab | $212 | $408 | $380 | $22 | $114 | $1,136 | $95 |
| Silverado LS Extended Cab 4WD | $212 | $408 | $336 | $20 | $100 | $1,076 | $90 |
| Silverado LT Extended Cab 4WD | $212 | $408 | $336 | $20 | $100 | $1,076 | $90 |
| Silverado LT Extended Cab 2WD | $212 | $408 | $380 | $22 | $114 | $1,136 | $95 |
| Silverado LS Extended Cab 2WD | $212 | $408 | $380 | $22 | $114 | $1,136 | $95 |
| Silverado LT Crew Cab 4WD | $240 | $480 | $336 | $20 | $100 | $1,176 | $98 |
| Silverado LS Crew Cab 2WD | $240 | $480 | $380 | $22 | $114 | $1,236 | $103 |
| Silverado LS Crew Cab 4WD | $240 | $480 | $336 | $20 | $100 | $1,176 | $98 |
| Silverado LT Crew Cab 2WD | $240 | $480 | $380 | $22 | $114 | $1,236 | $103 |
| Silverado LTZ Extended Cab 2WD | $240 | $480 | $380 | $22 | $114 | $1,236 | $103 |
| Silverado LTZ Extended Cab 4WD | $240 | $480 | $336 | $20 | $100 | $1,176 | $98 |
| Silverado LTZ Crew Cab 2WD | $240 | $480 | $380 | $22 | $114 | $1,236 | $103 |
| Silverado LTZ Crew Cab 4WD | $240 | $480 | $336 | $20 | $100 | $1,176 | $98 |
| Silverado Crew Cab Hybrid 2WD | $240 | $554 | $336 | $20 | $100 | $1,250 | $104 |
| Silverado Crew Cab Hybrid 4WD | $266 | $554 | $336 | $20 | $100 | $1,276 | $106 |
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Prices above based on married female driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Oregon minimum liability limits. Discounts applied include homeowner, multi-vehicle, safe-driver, multi-policy, and claim-free. Premium costs do not factor in vehicle location which can raise or lower premium rates substantially.
Does full coverage make sense?
The information below shows the comparison of Chevy Silverado car insurance rates with full coverage compared to only the Oregon minimum liability coverage. The premiums are based on no violations or accidents, $100 deductibles, single status, and no discounts are applied.
Are you wasting money on full coverage?
There is no definitive formula for eliminating physical damage coverage, but there is a guideline you can consider. If the annual cost of your full coverage insurance is 10% or more of replacement cost minus your deductible, then it’s probably a good time to buy liability coverage only.
For example, let’s say your Chevy Silverado book value is $4,000 and you have $1,000 full coverage deductibles. If your vehicle is severely damaged, the most you would receive is $3,000 after paying your policy deductible. If it’s costing you more than $300 a year for comprehensive and collision coverage, then it might be time to buy liability only.
There are some cases where only buying liability is not a good idea. If you still owe money on your vehicle, you have to carry full coverage as part of the loan conditions. Also, if you can’t afford to buy a different vehicle if your current one is in an accident, you should keep full coverage.
How You Can Control Chevy Silverado Insurance Costs
Multiple criteria are part of the equation when you get a price on insurance. Some are obvious like your driving record, but other criteria are more transparent like where you live and annual miles driven.
Shown below are some of the most rate-impacting factors car insurance companies consider when setting your rate level.
- Bundle policies with the same company – Most insurance companies apply a discount for people that buy multiple policies, otherwise known as a multi-policy discount. The discount can be 10 percent or more. Even with this discount, it’s in your best interest to shop around to guarantee you are still saving the most.
- Do you save by driving less? – The higher the miles on your Chevy each year the higher your rates will be. Almost all companies price each vehicle’s coverage determined by how the vehicle is used. Cars and trucks that do not get driven very much qualify for better rates than those that get driven frequently. Make sure your car insurance declarations sheet shows the correct usage for each vehicle, because improper ratings can cost you money. Incorrect rating for your Silverado can cost quite a bit.
- Liability limits on your policy – Your policy’s liability coverage will provide protection if ever you are ruled to be at fault for damages caused by your negligence. It provides legal defense coverage which can cost thousands of dollars. This coverage is very inexpensive as compared to coverage for physical damage, so drivers should carry high limits.
- Cheaper rates with high coverage deductibles – Comprehensive and collision coverage deductibles define how much you are willing to pay out-of-pocket if you file a covered claim. Insurance for physical damage, also known as collision and other-than-collision, insures against damage to your car. Some examples of covered claims are collision with another vehicle, damage from fire, and damage from wind. The more damage repair cost you’re willing to pay, the less money you will pay for car insurance.
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Avoid traffic tickets – Whether or not you get tickets has a lot to do with how much you pay for insurance. Getting just one driving citation can bump up the cost by as much as thirty percent. Good drivers pay lower auto insurance prices as compared to those with violations. People who have serious tickets such as DWI, reckless driving or hit and run convictions may find that they have to to submit a SR-22 form with their state’s department of motor vehicles in order to keep their license.
The information below highlights how traffic violations and at-fault fender-benders increase Chevy Silverado car insurance costs for different age groups of insureds. The rate quotes are based on a single female driver, comp and collision included, $100 deductibles, and no discounts are taken into consideration.
- Keep rates low by being claim-free – If you are a frequent claim filer, you can expect either policy cancellation or increased premiums. Car insurance companies in Oregon generally give most affordable rates to people who are claim-free. Your car insurance is intended for the bigger claims that can’t be paid out-of-pocket.
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Insurance losses for a Chevy Silverado – Insurance companies factor in insurance loss information to calculate a rate that will offset any claims. Models that tend to have a trend towards higher claims will have higher premium rates.
The table below outlines the compiled insurance loss statistics for Chevy Silverado vehicles. For each type of coverage, the claim amount for all vehicles, without regard to make or model, is a value of 100. Numbers that are below 100 suggest a positive loss record, while numbers that are greater than 100 point to more claims or an increased probability of a larger loss.
Chevrolet Silverado Insurance Claim 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 BETTERAVERAGEWORSEEmpty fields indicate not enough data collected
Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Three reasons insurance is important
Despite the high cost, paying for insurance is mandatory in Oregon but it also protects more than you think.
- The majority of states have mandatory insurance requirements which means the state requires a specific level of liability insurance if you don’t want to risk a ticket. In Oregon these limits are 25/50/20 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $20,000 of property damage coverage.
- If your Chevy Silverado has a lienholder, it’s guaranteed your bank will stipulate that you have comprehensive coverage to protect their interest in the vehicle. If you default on your policy, the bank may buy a policy for your Chevy for a lot more money and require you to fork over for it.
- Insurance protects both your car and your assets. It will also cover hospital and medical expenses for not only you but also any passengers injured in an accident. Liability coverage also covers all legal expenses up to the policy limit if you are named as a defendant in an auto accident. If you have damage to your Chevy as the result of the weather or an accident, your policy will cover the damage repairs after a deductible is paid.
The benefits of having insurance are definitely more than the cost, particularly when you have a large claim. The average driver in America is overpaying over $820 a year so you should quote your policy with other companies every year to help ensure money is not being wasted.