A recent insurance study revealed that most insurance policyholders have purchased from the same company for at least four years, and about 40% of consumers have never taken the time to shop around. With the average insurance premium being $1,390, San Jose drivers could save an average of almost $500 each year, but they don’t understand how simple it is to compare rate quotes online.
Truthfully, the best way to get affordable auto insurance rates is to start comparing rates regularly from different companies who can sell car insurance in San Jose.
First, try to understand the coverage provided by your policy and the things you can control to prevent rate increases. Many risk factors that increase rates such as accidents, careless driving, and a poor credit rating can be controlled by making minor changes in your lifestyle.
Second, compare price quotes from independent agents, exclusive agents, and direct companies. Direct companies and exclusive agencies can provide rates from one company like GEICO or Farmers Insurance, while independent agents can provide prices from multiple insurance companies.
Third, compare the new rates to the premium of your current policy to see if cheaper Silverado coverage is available. If you find a better price and switch companies, make sure there is no lapse in coverage.
Fourth, tell your current company of your decision to cancel your existing policy. Submit payment along with a signed and completed policy application to the new company. Make sure you safely store the certificate of insurance with your registration paperwork.
A crucial key to this process is to use similar deductibles and liability limits on each quote request and and to compare as many auto insurance providers as possible. This ensures a fair price comparison and a complete selection of prices.
If you already have coverage or are looking for a new policy, follow these tips to buy cheaper car insurance without reducing protection. These techniques will let you in on how to get online quotes. Shoppers only have to learn the most time-saving way to quote multiple rates over the internet.
Best companies for Chevy Silverado insurance
The providers in the list below can provide free rate quotes in San Jose, CA. If multiple companies are listed, it’s highly recommended you compare several of them in order to find the lowest rates.
Insurance statistics for a Chevy Silverado
The premium table displayed below highlights different insurance coverage prices for Chevy Silverado models. Having insight into how auto insurance premiums are figured can help drivers make decisions on the best policy to buy.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Silverado LS Regular Cab 2WD||$258||$480||$480||$28||$144||$1,390||$116|
|Silverado LS Regular Cab 4WD||$258||$480||$424||$26||$126||$1,314||$110|
|Silverado LT Regular Cab 2WD||$296||$584||$480||$28||$144||$1,532||$128|
|Silverado LT Regular Cab||$296||$584||$480||$28||$144||$1,532||$128|
|Silverado LS Extended Cab 4WD||$296||$584||$424||$26||$126||$1,456||$121|
|Silverado LT Extended Cab 4WD||$296||$584||$424||$26||$126||$1,456||$121|
|Silverado LT Extended Cab 2WD||$296||$584||$480||$28||$144||$1,532||$128|
|Silverado LS Extended Cab 2WD||$296||$584||$480||$28||$144||$1,532||$128|
|Silverado LT Crew Cab 4WD||$334||$688||$424||$26||$126||$1,598||$133|
|Silverado LS Crew Cab 2WD||$334||$688||$480||$28||$144||$1,674||$140|
|Silverado LS Crew Cab 4WD||$334||$688||$424||$26||$126||$1,598||$133|
|Silverado LT Crew Cab 2WD||$334||$688||$480||$28||$144||$1,674||$140|
|Silverado LTZ Extended Cab 2WD||$334||$688||$480||$28||$144||$1,674||$140|
|Silverado LTZ Extended Cab 4WD||$334||$688||$424||$26||$126||$1,598||$133|
|Silverado LTZ Crew Cab 2WD||$334||$688||$480||$28||$144||$1,674||$140|
|Silverado LTZ Crew Cab 4WD||$334||$688||$424||$26||$126||$1,598||$133|
|Silverado Crew Cab Hybrid 2WD||$334||$792||$424||$26||$126||$1,702||$142|
|Silverado Crew Cab Hybrid 4WD||$372||$792||$424||$26||$126||$1,740||$145|
|Get Your Own Custom Quote Go|
Cost estimates assume married male driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and California minimum liability limits. Discounts applied include homeowner, claim-free, multi-policy, safe-driver, and multi-vehicle. Premium costs do not factor in specific location information which can change premium rates noticeably.
Lower Your San Jose Insurance Costs
It’s important that you understand some of the elements that come into play when calculating the price you pay for insurance. If you understand what determines base rates, this enables informed choices that may result in much lower annual insurance costs. Many things are taken into consideration when premium rates are determined. Some are obvious like a motor vehicle report, but other factors are more obscure such as whether you are married and annual miles driven.
- Your stress level may be raising your rates – Occupational choices like lawyers, business owners, and medical professionals have higher rates than average due to intense work situations and lengthy work days. On the other hand, careers like professors, athletes and performers have lower than average premiums.
- Fewer miles means better premiums – The higher the mileage driven in a year’s time the more you’ll pay to insure it. Most insurance companies charge to insure your cars based upon how you use the vehicle. Autos that do not get driven very much can get a lower rate than vehicles that are driven to work every day. Verify your vehicle rating states the correct usage for each vehicle, because improper ratings can cost you money. A policy that improperly rates your Silverado may be costing you.
- Cheap premiums for being claim-free – Car insurance companies in California provide the best rates to drivers who file claims infrequently. If you file claims often, you can look forward to either a policy non-renewal or much higher rates. Auto insurance is meant to be used in the event of major claims that would cause financial hardship.
How your age affects costs – More mature drivers are viewed as being more responsible, cost insurance companies less in claims, and get fewer tickets. Drivers with little experience are statistically shown to get distracted easily in a vehicle and because of this, their insurance rates are much higher.
The data below uses these assumptions: single driver, full coverage with $250 deductibles, and no discounts or violations.
- Pay less if you’re married – Walking down the aisle may earn you lower rates on your insurance bill. Marriage translates into being more stable financially and insurance companies like that drivers who are married are more cautious.
Cheaper to insure females? – Over the last 30 years, statistics show females are less aggressive when driving. However, don’t assume that women are better drivers. Women and men have accidents in similar numbers, but men get into accidents with more damage. Men also get cited for more serious violations like driving under the influence (DUI).
The illustration below shows the comparison of Chevy Silverado insurance rates for male and female drivers. Data assumes no violations or claims, comprehensive and collision coverage, $250 deductibles, drivers are single, and no other discounts are factored in.
Chevy Silverado insurance loss statistics – Insurance companies take into consideration insurance loss statistics for every vehicle to help calculate a profitable premium price. Vehicles that tend to have higher losses will have a higher premium rate.
The table below illustrates the historical insurance loss data for Chevy Silverado vehicles. For each coverage type, the claim probability for all vehicles compiled together is equal to 100. Values that are under 100 imply a favorable loss record, while numbers shown that are more than 100 point to more frequent losses or larger claims.
Chevrolet Silverado Insurance Claim Statistics 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 127BETTERAVERAGEWORSE
Empty fields indicate not enough data collected
Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Discounts for cheap auto insurance quotes
Companies don’t always advertise their entire list of discounts in a way that’s easy to find, so the next list breaks down a few of the more well known and the harder-to-find ways to save on auto insurance.
- Distant College Student Discount – Any of your kids who are enrolled in higher education away from home and do not have a car may be able to be covered for less.
- Good Students Pay Less – Being a good student could provide a savings of up to 20% or more. Most companies allow this discount until age 25.
- Safety Course Discount – Passing a driver safety class could save 5% or more and easily pay for the cost of the class.
- Save with a New Car – Insuring a new Silverado is cheaper compared to insuring an older model.
- First Accident Forgiveness – Not really a discount, but a handful of insurance companies will turn a blind eye to one accident before your rates go up with the catch being you have to be claim-free before the accident.
It’s important to note that most discounts do not apply to the entire cost. The majority will only reduce the cost of specific coverages such as medical payments or collision. Even though the math looks like having all the discounts means you get insurance for free, it’s just not the way it works.
The chart below shows the difference between Chevy Silverado insurance premiums with and without discounts applied to the rates. The data is based on a male driver, no tickets, no at-fault accidents, California state minimum liability limits, full coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, multi-policy, multi-car, homeowner, safe-driver, and claim-free discounts applied.
If you would like to choose from a list of providers with discount rates in San Jose, click here to view.
Insurance quotes from local neighborhood San Jose car insurance agents
Many people would rather sit down and talk to an agent and that is just fine! Good agents are trained risk managers and will help you if you have claims. One of the best bonuses of price shopping on the web is that you can find cheap rate quotes but also keep your business local.
To find an agent, once you fill out this simple form, your information is instantly submitted to insurance agents in San Jose who can give free rate quotes and help you find cheaper coverage. It makes it easy because there is no need to contact an agency due to the fact that quote results will go immediately to your email address. In the event you want to compare prices from a specific insurance provider, you just need to go to their quote page and give them your coverage information.
Deciding on an insurer requires more thought than just a cheap price quote. These questions are important to ask:
- Are they involved in claim handling?
- Do you need full coverage on every vehicle?
- Is vehicle mileage a factor when determining depreciation for repairs?
- What company holds the largest book of business for them?
- Is there a local claims center in San Jose?
- Do they see any coverage gaps in your plan?
- Do they have cheaper tiers of coverage?
Best car insurance agent in San Jose
If you are searching for a local insurance agency, you should know the different agency structures that you can choose from. Insurance agencies in San Jose can be described as either independent or exclusive. Either one can write insurance policies, but it’s important to know why they differ since it may influence which type of agent you select.
Exclusive Insurance Agents
Exclusive agents can usually just insure with one company and some examples include Allstate, State Farm and Farmers Insurance. Exclusive agencies are unable to compare rates from other companies so you need to shop around if the rates are high. Exclusive agencies receive extensive training on the products they sell and that can be a competitive advantage. Some insured continue to purchase coverage from exclusives primarily because of the brand name and solid financial strength.
Listed below are exclusive insurance agents in San Jose who can help you get price quotes.
- Mike Myers – State Farm Insurance Agent
4855 Atherton Ave #150 – San Jose, CA 95130 – (408) 550-7868 – View Map
- Art Holland – State Farm Insurance Agent
5520 Almaden Expy – San Jose, CA 95118 – (408) 229-7870 – View Map
- Dick Alesch – State Farm Insurance Agent
164 N Bascom Ave a – San Jose, CA 95128 – (408) 918-0877 – View Map
Independent Insurance Agents
Independent insurance agents often have affiliation with several companies and that gives them the ability to insure through many different insurance companies and find the cheapest insurance rates. To transfer your coverage to a different company, your agent can just switch to a different company and you don’t have to find a new agent.
When comparing insurance prices, you need to include price quotes from a couple of independent agencies for maximum quote selection. Most can insure with mutual insurance companies which could offer lower prices.
The following is a list of independent agents in San Jose that are able to give price quote information.
- Casey Nguyen Insurance Agency, Inc.
1639 Meridian Ave a – San Jose, CA 95125 – (408) 286-4467 – View Map
- Oasis Insurance Agency Inc. Branch 4
1629 Alum Rock Ave – San Jose, CA 95116 – (408) 929-6111 – View Map
- Mission Counties Insurance Agency
1777 Hamilton Ave – San Jose, CA 95125 – (408) 979-8160 – View Map
Cheap coverage is out there
Throughout this article, we presented quite a bit of information on how to compare Chevy Silverado insurance prices in San Jose. The key thing to remember is the more rate quotes you have, the more likely it is that you will get a better rate. Consumers could even find that the lowest prices are with some of the lesser-known companies.
When searching for inexpensive San Jose auto insurance quotes, do not buy poor coverage just to save money. There are too many instances where an accident victim reduced comprehensive coverage or liability limits only to regret at claim time that their decision to reduce coverage ended up costing them more. The goal is to buy the best coverage you can find for the lowest cost, but do not sacrifice coverage to save money.
Cheap Chevy Silverado insurance in San Jose is definitely available both online and from local insurance agents, so get free San Jose auto insurance quotes from both of them to have the best chance of lowering rates. Some insurance providers may not offer rates over the internet and most of the time these smaller companies only sell through independent agents.
To read more, feel free to visit the following helpful articles:
- Rental Car Insurance Tips (Insurance Information Institute)
- Who Has the Cheapest Car Insurance Rates for Nurses in San Jose? (FAQ)
- Who Has Affordable Auto Insurance Rates for a Chevrolet Silverado in San Jose? (FAQ)
- Who Has Affordable Auto Insurance for a Ford Escape in San Jose? (FAQ)
- Auto Insurance Learning Center (State Farm)
- Avoiding Deer Collisions (Insurance Information Institute)
- Teen Driving and Texting (State Farm)
- Frontal Crash Tests (iihs.org)