Pricey Chevrolet Silverado insurance in Overland Park can sap your funds and put the squeeze on your family's finances. Comparing cost estimates can help to ensure you are getting the best deal.
Statistics show that nearly 70% of customers have bought car insurance from the same company for more than four years, and almost half have never even compared quotes to find cheap rates. Many drivers in Overland Park could save themselves roughly $810 a year just by shopping around, but they don't want to take the time to compare rates and save money. Companies like State Farm, GEICO and Farmers Insurance continually bombard you with TV and radio ads and it can be hard to sift through the bull and do the work needed to find the best deal.
Consumers need to get comparison quotes quite often due to the fact that insurance rates are constantly changing. Just because you had the best premium rates on Chevy Silverado insurance in Overland Park a few years ago there is a good chance you can find better prices now. Block out anything you think you know about car insurance because we're going to demonstrate the best way to find the best coverage while lowering your premiums.
If you already have coverage or just want cheaper rates, take advantage of these tips to buy cheaper car insurance while maintaining coverages. Locating the most cost-effective car insurance policy in Overland Park can initially seem challenging. Drivers only need to know the most efficient way to get comparison quotes online.
How Insurance Providers Calculate Chevy Silverado Insurance Premiums
Many different elements are considered when you get a price on insurance. Some of the criteria are obvious such as your driving history, but other factors are not as apparent like your continuous coverage and annual miles driven.
Safer vehicles save money - Vehicles that have high safety ratings can get you lower premiums. Vehicles engineered for safety reduce the chance of injuries and reduced instances of injuries means your insurance company pays less which can result in lower premiums.
You may save more by combining policies - Lots of insurance companies apply lower prices to people that purchase more than one policy. It's known as a multi-policy discount. Even with this discount, you may still want to get quotes from other companies to verify if the discount is saving money.
Always have car insurance - Driving your car without having proper coverage is a big no-no and car insurance companies will penalize you for letting your insurance coverage expire. Not only will rates go up, being ticketed for driving with no insurance might get you a fine, jail time, or a revoked license.
Men tend to take more risk - Over the last 50 years, statistics have shown that women are safer drivers than men. Now that doesn't mean men are worse drivers. Both genders cause auto accidents in similar percentages, but males cause more damage. Not only that, but men also receive more costly citations like DWI (DUI) or reckless driving.
Advanced alarms and GPS tracking - Selecting a car model that has an advanced theft prevention system can save you some money. Theft prevention devices such as OnStar, LoJack tracking, and tamper alarms all help stop auto theft.
Frequent policy claims increase prices - Companies in Kansas generally give most affordable rates to people who do not file claims often. If you frequently file small claims, you can definitely plan on higher rates. Your insurance policy is meant to be used in the event of claims that pose a financial burden.
Driving citations cost more than a fine - Having a single speeding ticket can bump up the cost by twenty percent. Drivers with clean records get better prices than their less careful counterparts. People who have careless tickets like reckless driving or DUI may be required to submit a SR-22 or proof of financial responsibility to the state department of motor vehicles in order to continue driving.
Chevy Silverado insurance loss data - Insurers use claims history to determine a rate that will be profitable for them. Models that the statistics show to have a trend towards higher claims will have higher rates for specific coverages.
The information below illustrates the actual insurance loss data for Chevy Silverado vehicles. For each coverage category, the claim probability for all vehicles, regardless of make, model or trim level, is considered to be 100. Percentage numbers below 100 indicate better than average losses, while percentages above 100 point to more losses or tendency to have higher losses.
Chevrolet Silverado Insurance Loss Statistics
|Specific Chevrolet 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
The fastest way that we advise to compare insurance rates from multiple companies is to know most of the bigger providers pay for the opportunity to give free rates quotes. The only thing you need to do is give the companies some data such as if it has an alarm system, whether you have decent credit, whether you are married, and if a SR-22 is required. That rating information gets transmitted to insurance companies and they return rate quotes quickly.
To start a rate quote now, click here and see if a lower rate is available in Overland Park.
The companies in the list below can provide price quotes in Overland Park, KS. If more than one company is shown, it's a good idea that you compare several of them in order to get a fair rate comparison.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Silverado LS Regular Cab 2WD||$116||$222||$392||$24||$118||$872||$73|
|Silverado LS Regular Cab 4WD||$102||$188||$324||$20||$96||$730||$61|
|Silverado LT Regular Cab 2WD||$106||$194||$304||$18||$92||$714||$60|
|Silverado LT Regular Cab||$202||$344||$334||$20||$100||$1,000||$83|
|Silverado LS Extended Cab 4WD||$134||$270||$346||$20||$104||$874||$73|
|Silverado LT Extended Cab 4WD||$206||$300||$376||$22||$112||$1,016||$85|
|Silverado LT Extended Cab 2WD||$154||$294||$366||$22||$110||$946||$79|
|Silverado LS Extended Cab 2WD||$136||$234||$324||$20||$96||$810||$68|
|Silverado LT Crew Cab 4WD||$278||$540||$386||$22||$116||$1,342||$112|
|Silverado LS Crew Cab 2WD||$174||$348||$366||$22||$110||$1,020||$85|
|Silverado LS Crew Cab 4WD||$176||$276||$376||$22||$112||$962||$80|
|Silverado LT Crew Cab 2WD||$194||$374||$310||$18||$94||$990||$83|
|Silverado LTZ Extended Cab 2WD||$240||$496||$420||$24||$126||$1,306||$109|
|Silverado LTZ Extended Cab 4WD||$174||$348||$300||$18||$90||$930||$78|
|Silverado LTZ Crew Cab 2WD||$192||$364||$304||$18||$92||$970||$81|
|Silverado LTZ Crew Cab 4WD||$196||$348||$292||$18||$88||$942||$79|
|Silverado Crew Cab Hybrid 2WD||$278||$604||$286||$16||$86||$1,270||$106|
|Silverado Crew Cab Hybrid 4WD||$218||$430||$274||$16||$82||$1,020||$85|
|Get Your Own Custom Quote Go|
Price data assumes married male driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Kansas minimum liability limits. Discounts applied include multi-vehicle, claim-free, multi-policy, homeowner, and safe-driver. Table data does not factor in vehicle garaging location which can lower or raise insurance rates greatly.
Age, gender, and Chevrolet Silverado insurance
The chart below compares Chevrolet Silverado car insurance costs for male and female drivers. The costs are based on a clean driving record, no claims, comp and collision included, $250 deductibles, drivers are not married, and no discounts are applied to the premium.
Price comparison of only insuring for liability
The chart below shows the comparison of Chevrolet Silverado insurance costs with full physical damage coverage and with liability coverage only. The costs are based on no violations or accidents, $1,000 deductibles, single male driver, and no additional discounts are factored in.
When to drop comprehensive and collision
There is no set rule to drop full coverage, but there is a general school of thought. If the annual cost of comprehensive and collision coverage is more than about 10% of any settlement you would receive from your insurance company, the it may be a good time to stop paying for full coverage.
For example, let's pretend your Chevrolet Silverado settlement value is $4,000 and you have $1,000 full coverage deductibles. If your vehicle is destroyed, you would only receive $3,000 after the deductible is paid. If it's costing you more than $300 annually to have full coverage, the it may be a good time to stop paying for full coverage.
There are some circumstances where removing full coverage is not a good idea. If you haven't paid off your loan, you must maintain physical damage coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if you can't afford to buy a different vehicle if your current one is totaled, you should keep full coverage on your policy.
Does car insurance advertising bend the truth?
Consumers can't get away from ads that claim the best premium rates from companies such as State Farm, GEICO and Progressive. They all seem to make the point that drivers will save a bundle after switching your policy.
It sounds good, but how can they all cost less than your current company?
Most companies quote their best rates for the type of driver that makes them money. A good example of a profitable insured could be a married female, has other policies, and chooses high deductibles. Any driver who fits those characteristics receive the lowest rate quotes in Overland Park and have a good chance to save quite a bit of money when switching.
Drivers who are not a match for this stringent profile may receive more expensive rates which results in the customer buying from a different company. If you pay close attention to the ads, they say "people who switch" but not "everyone who gets a quote" can get the lowest rates when switching. That's why insurance companies can advertise the savings. Different companies use different criteria so you need to get Overland Park car insurance quotes from several different companies. It's not possible to predict with any certainty which company will provide you with the cheapest Chevy Silverado insurance in Overland Park.
Auto insurance just makes sense
Despite the high cost of buying insurance for a Chevy Silverado in Overland Park, insuring your vehicle is mandatory in Kansas but it also protects more than you think.
- Just about all states have mandatory insurance requirements which means you are required to carry specific minimum amounts of liability insurance if you don't want to risk a ticket. In Kansas these limits are 25/50/10 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
- If your Silverado has a lienholder, it's guaranteed your bank will make it a condition of the loan that you buy insurance to guarantee loan repayment. If the policy lapses, the bank may buy a policy for your Chevy at a much higher rate and require you to pay for the expensive policy.
- Insurance safeguards both your Chevy and your assets. It will also provide coverage for medical expenses for you, any passengers, and anyone injured in an accident. As part of your policy, liability insurance also covers all legal expenses up to the policy limit if someone files suit against you as the result of an accident. If you receive damage to your vehicle caused by a storm or accident, collision and comprehensive coverages will pay to repair the damage minus the deductible amount.
The benefits of buying auto insurance greatly outweigh the cost, especially for larger claims. But the average driver in Kansas overpays more than $850 per year so you should quote your policy with other companies every year to help ensure money is not being wasted.
Discount Overland Park car insurance rates
Insuring your vehicles can cost a lot, but discounts can save money and there are some available that may help make it more affordable. Certain discounts will be applied when you purchase, but some need to be specifically requested before they will apply. If you do not check that you are getting every discount available, you're paying more than you need to.
- Seat Belts Save more than Lives - Buckling up and requiring all passengers to fasten their seat belts may be able to save a few bucks off PIP or medical payments premium.
- Air Bags and Passive Restraints - Factory options such as air bags and/or automatic seat belt systems could see savings of 25 to 30%.
- E-sign - A few car insurance companies provide a small discount for buying your policy on the internet.
- Organization Discounts - Being in qualifying employment or professional organizations could qualify you for a break when shopping for car insurance.
- Early Renewal Discounts - A few car insurance companies offer discounts for renewing your policy before your current coverage expires. You could save around 10% when you buy Overland Park car insurance online.
- Bundle and Save - If you can combine your home and auto policy with one company you could earn a discount of up to 20% off your total Silverado insurance premium.
Consumers should know that many deductions do not apply to the entire cost. Most only reduce the price of certain insurance coverages like medical payments or collision. If you do the math and it seems like adding up those discounts means a free policy, it just doesn't work that way.
Popular car insurance companies and the discounts they provide can be read below.
- American Family has savings for TimeAway discount, defensive driver, air bags, early bird, and multi-vehicle.
- Nationwide has discounts for business or organization, multi-policy, accident-free, family plan, anti-theft, defensive driving, and Farm Bureau membership.
- MetLife may have discounts that include defensive driver, claim-free, multi-policy, good student, accident-free, good driver
- 21st Century includes discounts for defensive driver, homeowners, early bird, theft prevention, good student, and 55 and older.
- Farmers Insurance offers discounts for switch companies, mature driver, teen driver, homeowner, distant student, and youthful driver.
- Allstate policyholders can earn discounts including anti-lock brakes, early signing, defensive driver, good student, new car, good payer, and passive restraint.
If you are trying to find inexpensive Overland Park car insurance quotes, ask every insurance company to apply every possible discount. Some discounts listed above might not apply everywhere. To view providers with the best discounts in Kansas, click this link.
When to contact an insurance agency
Some people just want to buy from a local agent and doing so can bring peace of mind Agents can answer important questions and help you file claims. An additional benefit of comparing insurance prices online is you can get cheap insurance rates and still have an agent to talk to.
Once you complete this quick form, your information is emailed to local insurance agents that provide free Overland Park car insurance quotes and help you find cheaper coverage. You don't have to search for any insurance agencies since price quotes are sent to you directly. If you wish to get a rate quote from one company in particular, you just need to find their quoting web page and submit a quote form there.
Selecting a insurer should include more criteria than just the price. The following questions are important to ask.
- Will high miles depreciate repair valuations?
- How is replacement cost determined on your vehicle?
- Can they help ensure a fair claim settlement?
- If you have an accident, are you able to get your vehicle repaired at the shop of your choice?
- Do you work with a CSR or direct with the agent?
- How are claims handled?
- Do they write coverage based solely on cost?
If you want to buy insurance from a local agent, it can be helpful to understand the types of insurance agents and how they operate. Agents in Overland Park are classified as either independent agents or exclusive agents depending on their employer. Both sell insurance policies, but it is a good idea to know how they differ because it can factor into the selection process.
Exclusive agents normally can only provide a single company's rates and examples are AAA, State Farm, Farmers Insurance, and Allstate. Exclusive agents cannot compare other company's rates so they are skilled at selling on more than just price. Exclusive agencies are well trained on their products and sales techniques and that enables them to sell even at higher rates.
Shown below is a list of exclusive insurance agents in Overland Park that are able to give price quote information.
Independent Insurance Agents
Agents of this type are appointed with more than one company and that allows them to write policies through many different insurance companies and potentially find a lower price. To move your coverage to a new company, they simply switch companies in-house and you won't have to switch agencies.
If you are comparing insurance prices, you need to get quotes from at a minimum one independent agency to get the best comparison.
Listed below is a short list of independent agents in Overland Park willing to provide comparison quotes.
Frequent quotes can save
We just covered a lot of ways to save on Chevy Silverado insurance in Overland Park. The key concept to understand is the more price quotes you have, the higher your chance of finding affordable Overland Park car insurance quotes. Drivers may even discover the lowest priced auto insurance comes from the least-expected company. They may cover specific market segments cheaper than the large multi-state companies such as Progressive and GEICO.
Lower-priced auto insurance in Overland Park can be sourced both online in addition to local insurance agencies, and you need to comparison shop both to get a complete price analysis. There are still a few companies who do not offer online price quotes and many times these regional carriers prefer to sell through independent agencies.
To learn more, take a look at the resources below:
- Eight Auto Insurance Myths (Insurance Information Institute)
- Who Has Cheap Auto Insurance Rates for Inexperienced Drivers in Kansas? (FAQ)
- Uninsured Motorist Statistics (Insurance Information Institute)
- Choosing a Car for Your Teen (State Farm)
- Anti-Lock Brake FAQ (iihs.org)
- How to Avoid Common Accidents (State Farm)