To save the most money, the best way to get affordable Chevy Silverado insurance in Cleveland is to start doing a yearly price comparison from providers who provide car insurance in Ohio. You can compare rates by following these steps.
Step 1: Spend a few minutes and learn about individual coverages and the things you can control to prevent expensive coverage. Many rating criteria that increase rates like careless driving and a low credit rating can be rectified by making small lifestyle or driving habit changes.
Step 2: Compare price quotes from direct carriers, independent agents, and exclusive agents. Exclusive agents and direct companies can only give rate quotes from a single company like GEICO and Allstate, while independent agents can give you price quotes from multiple insurance companies.
Step 3: Compare the new rate quotes to your current policy premium to determine if you can save on Silverado insurance in Cleveland. If you find a lower rate quote and decide to switch, make sure the effective date of the new policy is the same as the expiration date of the old one.
Step 4: Tell your current agent or company to cancel your existing policy and submit payment along with a signed and completed policy application for the new coverage. Once coverage is bound, put the certificate verifying proof of insurance along with the vehicle's registration papers.
One bit of advice is that you use the same physical damage deductibles and liability limits on every quote and and to get quotes from as many auto insurance providers as possible. This provides a fair price comparison and the most accurate and complete price analysis.
Astonishing but true, most consumers in Ohio kept their coverage with the same car insurance company for well over three years, and nearly the majority have never compared rates from other carriers. Consumers in the United States could pocket $850 a year just by comparing rates, but they just don't want to find cheap insurance by shopping around.
If you have a policy now or are looking for a new policy, you can use this information to buy cheaper insurance without sacrificing coverage. Comparing quotes for more affordable insurance policy in Cleveland is simple if you know the tricks. Consumers only need to know the most efficient way to find the lowest price from multiple carriers.
The quickest method to compare policy rates for Chevy Silverado insurance in Cleveland utilizes the fact almost all companies actually pay money for the chance to provide you with a free rate quote. The one thing you need to do is give the companies some data like the ages of drivers, if you have a valid license, whether you are single or married, and if the vehicle is leased. That rating information is automatically sent to many different companies and they respond with quotes instantly.
To find the cheapest Chevy Silverado insurance rates, click here and complete the form.
The following companies are our best choices to provide price comparisons in Cleveland, OH. To buy the best cheap auto insurance in Cleveland, OH, we recommend you visit two to three different companies in order to get a fair rate comparison.
Insurance coverage details
The premium table below outlines estimates of coverage prices for Chevy Silverado models. Understanding how insurance rates are established can benefit drivers when making smart choices when buying a policy.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Silverado LS Regular Cab 2WD||$122||$226||$310||$18||$92||$768||$64|
|Silverado LS Regular Cab 4WD||$122||$226||$274||$16||$82||$720||$60|
|Silverado LT Regular Cab 2WD||$140||$274||$310||$18||$92||$834||$70|
|Silverado LT Regular Cab||$140||$274||$310||$18||$92||$834||$70|
|Silverado LS Extended Cab 4WD||$140||$274||$274||$16||$82||$786||$66|
|Silverado LT Extended Cab 4WD||$140||$274||$274||$16||$82||$786||$66|
|Silverado LT Extended Cab 2WD||$140||$274||$310||$18||$92||$834||$70|
|Silverado LS Extended Cab 2WD||$140||$274||$310||$18||$92||$834||$70|
|Silverado LT Crew Cab 4WD||$158||$322||$274||$16||$82||$852||$71|
|Silverado LS Crew Cab 2WD||$158||$322||$310||$18||$92||$900||$75|
|Silverado LS Crew Cab 4WD||$158||$322||$274||$16||$82||$852||$71|
|Silverado LT Crew Cab 2WD||$158||$322||$310||$18||$92||$900||$75|
|Silverado LTZ Extended Cab 2WD||$158||$322||$310||$18||$92||$900||$75|
|Silverado LTZ Extended Cab 4WD||$158||$322||$274||$16||$82||$852||$71|
|Silverado LTZ Crew Cab 2WD||$158||$322||$310||$18||$92||$900||$75|
|Silverado LTZ Crew Cab 4WD||$158||$322||$274||$16||$82||$852||$71|
|Silverado Crew Cab Hybrid 2WD||$158||$372||$274||$16||$82||$902||$75|
|Silverado Crew Cab Hybrid 4WD||$176||$372||$274||$16||$82||$920||$77|
|Get Your Own Custom Quote Go|
Data based on single male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Ohio minimum liability limits. Discounts applied include claim-free, safe-driver, multi-policy, multi-vehicle, and homeowner. Rate information does not factor in garaging location in Cleveland which can affect auto insurance rates greatly.
The example below shows how different deductible levels and can affect Chevy Silverado yearly insurance costs for different ages of insureds. The premiums are based on a married male driver, comprehensive and collision coverage, and no policy discounts are applied.
Age, gender, and Chevrolet Silverado insurance
The illustration below shows the comparison of Chevy Silverado premium costs for male and female drivers. The premiums are based on no violations or claims, full physical damage coverage, $250 deductibles, drivers are single, and no discounts are taken into consideration.
Liability only or full coverage
The illustration below shows the difference between Chevy Silverado insurance rates with and without full coverage. The premium estimates are based on no accidents or driving violations, $250 deductibles, marital status is single, and no discounts are applied.
When to stop buying full coverage
There is no definitive rule of when to drop physical damage coverage, but there is a general guideline. If the annual cost of coverage is 10% or more of the settlement you would receive from your company, then you might consider buying liability only.
For example, let's assume your Chevy Silverado settlement value is $3,000 and you have $1,000 deductibles. If your vehicle is destroyed, the most your company will settle for is $2,000 after you pay the deductible. If it's costing in excess of $200 a year to have full coverage, then you might want to think about dropping full coverage.
There are a few situations where dropping full coverage is not a good idea. If you have an outstanding loan on your vehicle, you have to maintain full coverage in order to keep the loan. Also, if your savings is not enough to buy a different vehicle if your current one is totaled, you should keep full coverage in place.
Why you need to buy auto insurance
Despite the potentially high cost of Chevy Silverado insurance, insuring your vehicle is required in Ohio but also provides important benefits.
- Almost all states have minimum mandated liability insurance limits which means you are required to carry specific limits of liability coverage if you don't want to risk a ticket. In Ohio these limits are 25/50/25 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
- If you bought your Chevy Silverado with a loan, it's most likely the lender will make it mandatory that you have physical damage coverage to ensure loan repayment if the vehicle is totaled. If you default on your policy, the bank may buy a policy for your Chevy at a significantly higher premium and force you to pay for the much more expensive policy.
- Auto insurance protects not only your car but also your financial assets. It also can pay for all forms of medical expenses for yourself as well as anyone injured by you. Liability insurance also covers legal expenses if you are named as a defendant in an auto accident. If damage is caused by hail or an accident, comprehensive and collision coverage will pay to restore your vehicle to like-new condition.
The benefits of having insurance are without a doubt worth the cost, especially for larger claims. According to a survey of 1,000 drivers, the average driver overpays more than $800 each year so we recommend shopping around at every policy renewal to save money.
Cleveland Insurance Premiums are Influenced by These Factors
Multiple criteria are taken into consideration when you quote your car insurance policy. Most are fairly basic such as your driving history, but others are more obscure such as whether you are married or your financial responsibility.
Shown below are some of the things utilized by car insurance companies to help set rates.
Don't cut corners with liability - A critical coverage on your policy, liability insurance is the coverage that protects you if you are found liable for physical damage or personal injury to other. It provides you with a defense in court which can be incredibly expensive. Carrying liability coverage is mandatory and cheap compared to insuring for physical damage coverage, so insureds should have plenty of protection for their assets.
Car insurance policy lapses increase premiums - Not maintaining insurance can get your license suspended and any future policy may cost more because you let your insurance expire. Not only will you pay higher rates, not being able to provide proof of insurance might get you a revoked license or a big fine. You could then be forced to prove you have insurance by filing a SR-22 with the Ohio department of motor vehicles.
Drive less and save - The more you drive your Chevy each year the more you'll pay to insure your vehicle. Most companies apply a rate based on how the vehicle is used. Vehicles left parked in the garage cost less to insure than cars that get driven a lot. Double check that your declarations sheet correctly shows the correct usage for each vehicle. An incorrectly rated Silverado is just wasting money.
Avoid unnecessary add-on coverages - Policies have optional add-on coverages you can purchase but may not be useful. Insurance for things like vanishing deductibles, better glass coverage, and term life insurance are examples of these. They may sound like good ideas when discussing your needs, but if they're wasting money eliminate the coverages to reduce your premium.
Bad drivers pay high premiums - Your driving record influences premium rates substantially. Having just one speeding ticket or other violation can bump up the cost by as much as thirty percent. Drivers who don't get tickets tend to pay less for car insurance as compared to careless drivers. Drivers who have gotten license-revoking citations such as reckless driving, hit and run or driving under the influence may find that they have to to prove financial responsibility with their state DMV in order to legally drive a vehicle.
The information below highlights how traffic violations and fender-benders impact Chevy Silverado insurance prices for each different age group. Data assumes a married male driver, comp and collision included, $250 deductibles, and no policy discounts are applied.
Insurance losses for a Chevy Silverado - Companies analyze past claim statistics when they calculate premium rates for each model. Models that are shown to have a trend towards higher claims will have higher rates.
The data below shows the loss history for Chevy Silverado vehicles. For each coverage type, the statistical loss for all vehicles averaged together is represented as 100. Values that are below 100 imply a favorable loss record, while numbers that are greater than 100 show a trend for more claims or a tendency for losses to be larger than average.
|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|
Empty fields indicate not enough data collected
Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Auto insurance discounts help lower rates for Chevy Silverado insurance in Cleveland
Some insurance providers don't always advertise the complete list of policy discounts in a way that's easy to find, so the below list has both well-publicized and also the more inconspicuous auto insurance savings. If you do not check that you are getting every discount possible, you are not getting the best rate possible.
- Paperwork-free - Many insurance companies will give you a small discount get Cleveland car insurance on the internet.
- Government Employees - Federal government employees could cut as much as 10% off with select insurance companies.
- Resident Student - Older children who live away from home to go to college and leave their car at home can be insured at a reduced rate.
- No Charge for an Accident - This one isn't a discount, but a handful of insurance companies will forgive one accident before hitting you with a surcharge so long as you haven't had any claims prior to the accident.
- Life Insurance Discount - Not all insurance companies offer life insurance, but some may give you a lower rate if you buy life insurance from them.
- Clubs and Organizations - Participating in specific professional or occupational memberships or organizations could earn you a nice discount on your next auto insurance statement.
- Low Mileage Discounts - Low annual miles may enable drivers to earn substantially lower auto insurance rates.
It's important to understand that some credits don't apply to the whole policy. Most only reduce the price of certain insurance coverages like collision or personal injury protection. So when it seems like adding up those discounts means a free policy, companies wouldn't make money that way.
The information below shows the difference between Chevy Silverado car insurance costs with and without discounts applied to the rates. The data assumes a female driver, a clean driving record, no claims, Ohio state minimum liability limits, full 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, multi-car, multi-policy, marriage, and homeowner discounts applied.
Companies who may offer some of the above discounts are:
Check with all the companies which discounts they offer. Some of the discounts discussed earlier might not be offered on policies in Cleveland.
How to know if you need help
When it comes to buying coverage online or from an agent for your vehicles, there isn't really a cookie cutter policy. Your situation is unique.
For example, these questions may help you determine if your insurance needs may require specific advice.
- Does coverage extend to a rental car in a foreign country?
- What is roadside assistance coverage?
- Can my babysitter drive my car?
- I don't drive much so do I pay less?
- Can I make deliveries for my home business?
- Should I put collision coverage on all my vehicles?
- How high should my uninsured/underinsured coverage be in Ohio?
- Which companies will insure me after a DUI?
If it's difficult to answer those questions, you might consider talking to a licensed agent. If you want to speak to an agent in your area, complete this form. It's fast, doesn't cost anything and can provide invaluable advice.
Do I need an agent?
A small number of people just want to go talk to an agent. Professional agents are very good at helping people manage risk and help you file claims. A good thing about comparing insurance prices online is the fact that drivers can get lower rates and also buy local. And supporting local insurance agencies is definitely important in Cleveland.
Once you complete this form (opens in new window), your insurance coverage information is immediately sent to participating agents in Cleveland who can give free rate quotes for your coverage. There is no reason to drive around since rate quotes are delivered to the email address you provide. If you wish to get a rate quote from a specific auto insurance provider, you just need to search and find their rate quote page and give them your coverage information.
If you're trying to find local Cleveland agents, you should know the types of agencies and how they operate. Auto insurance policy providers can be described as either independent (non-exclusive) or exclusive. Either type can insure your vehicles properly, but it's a good idea to understand the difference in how they write coverage since it may influence your agent selection.
Independent Agents (or Brokers)
Agents in the independent channel do not write with just one company and that enables them to quote your coverage with a variety of different insurance companies and get you the best rates possible. If your agent finds better pricing, they simply switch companies in-house and you won't have to switch agencies.
If you need lower rates, you will definitely want to contact at a minimum one independent agency for maximum quote selection. Most independent agents also contract with smaller companies who may have lower rates.
Listed below is a partial list of independent agents in Cleveland who may provide free auto insurance rate quotes.
- Hubbard Insurance Agency
22255 Center Ridge Rd #202 - Rocky River, OH 44116 - (440) 333-4450 - View Map
- Nationwide Insurance: Hec Wyatt Hixson
15705 Lorain Ave - Cleveland, OH 44111 - (216) 941-4400 - View Map
- Zito Insurance Inc
1249 Smith Ct - Cleveland, OH 44116 - (440) 333-6020 - View Map
Exclusive Auto Insurance Agencies
Agents in the exclusive channel generally can only insure with one company such as Farmers Insurance, State Farm, or Allstate. These agents are unable to provide other company's prices so they have no alternatives for high prices. They are highly trained in insurance sales which helps them sell insurance even at higher premiums. Consumers frequently buy from the same agent for years primarily because of the brand legacy and strong financial ratings.
The following are exclusive insurance agencies in Cleveland willing to provide price quotes.
- Allstate Insurance: Nanci Cieckiewicz
4719 State Rd - Cleveland, OH 44109 - (216) 739-0990 - View Map
- Allstate Insurance: Eslick Insurance and Financial Services
2775 S Moreland Blvd Ste 203 - Cleveland, OH 44120 - (216) 283-5570 - View Map
- Allstate Insurance: Teresa C. Paez
15105 Puritas Ave - Cleveland, OH 44135 - (216) 362-6526 - View Map
Picking the best auto insurance agent needs to be determined by more than just the bottom line cost. Any agent in Cleveland should be forthright in answering these questions:
- Does the company use OEM repair parts?
- If your car is totaled, how to they determine the replacement cost?
- Are there any discounts for paying up front?
- Does the agent have professional designations like CIC, CPCU or AIC?
- What is their Better Business Bureau rating?
Persistent drivers can save
There are still a few companies who do not provide online price quotes and usually these regional insurance providers prefer to sell through independent insurance agencies. Cheaper insurance in Cleveland can be found from both online companies and with local Cleveland insurance agents, and you should compare price quotes from both to get a complete price analysis.
You just learned quite a bit of information on how to find affordable Chevy Silverado insurance in Cleveland. The key concept to understand is the more rate quotes you have, the higher your chance of finding cheaper Cleveland car insurance quotes. You may even discover the best premium rates are with the least-expected company.
Consumers who switch companies do it for many reasons like unfair underwriting practices, an unsatisfactory settlement offer, not issuing a premium refund and being labeled a high risk driver. Whatever your reason, finding a great new company is actually quite simple.
Other learning opportunities
- What is a Telematics Device? (Allstate)
- Who Has Cheap Car Insurance Quotes for Hybrid Vehicles in Cleveland? (FAQ)
- Who Has Affordable Cleveland Auto Insurance for Uber Drivers? (FAQ)
- How Much are Car Insurance Rates for Handicapped Drivers in Cleveland? (FAQ)
- Who Has the Cheapest Car Insurance Rates for a Toyota RAV4 in Cleveland? (FAQ)
- Medical Payments Coverage (Liberty Mutual)
- Protect Yourself Against Auto Theft (Insurance Information Institute)
- Understanding Car Crashes Video (iihs.org)