Auto Insurance Rates for a Chevy Silverado in Minneapolis

Insurance quote for Chevy Silverado in MinneapolisIf your goal is the lowest price, then the best way to get affordable Chevy Silverado insurance is to start comparing prices regularly from providers that sell auto insurance in Minneapolis.

  1. Take a few minutes and learn about how car insurance works and the factors you can control to keep rates low. Many risk factors that are responsible for high rates such as at-fault accidents, careless driving, and a negative credit score can be eliminated by making minor changes to your lifestyle. Later in this article we will cover additional ideas to help prevent high rates and find possible discounts that are available.
  2. Quote rates from independent agents, exclusive agents, and direct companies. Exclusive agents and direct companies can give quotes from one company like GEICO and Allstate, while agents who are independent can provide prices from multiple insurance companies.
  3. Compare the price quotes to your current policy and determine if there is any savings. If you find better rates, ensure there is no coverage lapse between policies.

The key thing to remember is to use the same deductibles and limits on every quote and and to get quotes from as many companies as you can. This provides a fair rate comparison and the best price selection.

Anyone knows that auto insurance companies want to keep your business as long as possible. Insureds who rate shop once a year are very likely to buy a new policy because there is a significant possibility of finding coverage at a more affordable price. Surprisingly, a recent survey revealed that people who made a habit of comparing rates saved approximately $865 a year compared to drivers who never compared rates.

If finding the cheapest price for Chevy Silverado insurance in Minneapolis is your objective, learning the best ways to shop for car insurance can save money and time.

Most larger insurance companies allow you to get coverage price quotes online. Getting Chevy Silverado insurance prices online is fairly straightforward as you just enter your coverage preferences on the page. After you complete the form, the system requests information on your driving record and credit history and returns pricing information based on the data you entered.

This helps simplify price comparisons, and it’s very important to do this if you want to get cheap prices.

In order to use this form to compare rates, check out the auto insurance providers below. To compare your current rates, we recommend you type in deductibles and limits exactly as shown on your declarations page. This guarantees you’re receiving rate comparison quotes using the exact same coverages.

The car insurance companies shown below are our best choices to provide free quotes in Minnesota. If multiple companies are listed, it’s highly recommended you visit several of them to get a more complete price comparison.

Chevy Silverado insurance charts and tables

The table shown next showcases different coverage costs for Chevy Silverado models. Learning as much as possible about how rates are determined is important for drivers to make smart choices when buying a car insurance policy.

Chevrolet Silverado Insurance Rates in Minneapolis, MN
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Silverado LS Regular Cab 2WD $204 $398 $406 $24 $122 $1,154 $96
Silverado LS Regular Cab 4WD $204 $398 $358 $22 $108 $1,090 $91
Silverado LT Regular Cab 2WD $234 $484 $406 $24 $122 $1,270 $106
Silverado LT Regular Cab $234 $484 $406 $24 $122 $1,270 $106
Silverado LS Extended Cab 4WD $234 $484 $358 $22 $108 $1,206 $101
Silverado LT Extended Cab 4WD $234 $484 $358 $22 $108 $1,206 $101
Silverado LT Extended Cab 2WD $234 $484 $406 $24 $122 $1,270 $106
Silverado LS Extended Cab 2WD $234 $484 $406 $24 $122 $1,270 $106
Silverado LT Crew Cab 4WD $264 $570 $358 $22 $108 $1,322 $110
Silverado LS Crew Cab 2WD $264 $570 $406 $24 $122 $1,386 $116
Silverado LS Crew Cab 4WD $264 $570 $358 $22 $108 $1,322 $110
Silverado LT Crew Cab 2WD $264 $570 $406 $24 $122 $1,386 $116
Silverado LTZ Extended Cab 2WD $264 $570 $406 $24 $122 $1,386 $116
Silverado LTZ Extended Cab 4WD $264 $570 $358 $22 $108 $1,322 $110
Silverado LTZ Crew Cab 2WD $264 $570 $406 $24 $122 $1,386 $116
Silverado LTZ Crew Cab 4WD $264 $570 $358 $22 $108 $1,322 $110
Silverado Crew Cab Hybrid 2WD $264 $656 $358 $22 $108 $1,408 $117
Silverado Crew Cab Hybrid 4WD $296 $656 $358 $22 $108 $1,440 $120
Get Your Own Custom Quote Go

Premium data assumes single female driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Minnesota minimum liability limits. Discounts applied include multi-policy, claim-free, homeowner, safe-driver, and multi-vehicle. Price estimates do not factor in specific Minneapolis garaging location which can increase or decrease prices significantly.

The diagram below highlights how deductible choice and can change Chevy Silverado insurance rates for different age groups. The prices are based on a single female driver, comp and collision included, and no additional discounts are factored in.

Impact of speeding/accidents on insurance rates

The chart below demonstrates how citations and accidents can raise Chevy Silverado insurance rates for different insured age categories. The price estimates are based on a single female driver, comp and collision included, $500 deductibles, and no discounts are applied to the premium.

Chevrolet Silverado liability rates compared to full coverage

The information below compares Chevy Silverado premium costs when comparing full coverage to liability only. The price estimates are based on a clean driving record, no at-fault accidents, $100 deductibles, drivers are single, and no other discounts are factored in.

Should you pay for full coverage?

There isn’t a steadfast formula to stop buying comprehensive and collision coverage on your policy, but there is a guideline you can use. If the yearly cost of full coverage is 10% or more of the vehicle’s replacement cost less your deductible, then it might be time to buy liability only.

For example, let’s pretend your Chevy Silverado claim settlement value is $4,000 and you have $1,000 policy deductibles. If your vehicle is destroyed, the most you would get paid by your company is $3,000 after you pay the deductible. If premium cost is more than $300 annually for your policy with full coverage, then you may need to consider dropping full coverage.

There are some conditions where dropping full coverage is not financially feasible. If you still have a lienholder on your title, you have to keep full coverage in order to keep the loan. Also, if your finances do not allow you to purchase a different vehicle in the even your car is totaled, you should not remove full coverage.

What Determines Chevy Silverado Insurance Premiums?

Lots of things are taken into consideration when quoting car insurance. Some factors are common sense such as your driving record, although others are less apparent like your continuous coverage or how financially stable you are. One of the most helpful ways to save on insurance is to to have a grasp of some of the factors that are used to determine your premiums. If you have a feel for what determines base rates, this helps enable you to make changes that can earn you lower insurance prices.

Why you need quality insurance for your Chevy Silverado

Despite the high insurance cost for a Chevy Silverado in Minneapolis, paying for insurance is most likely required but also gives you several important benefits.

The benefits of buying enough insurance are definitely more than the cost, particularly when you have a large claim. According to a survey of 1,000 drivers, the average driver is wasting up to $700 annually so compare quotes from several companies at least once a year to save money.