Compare Chevy Silverado Insurance Rates in Toledo

Insurance rates Chevy Silverado in ToledoIf you’re trying to find cheaper insurance online, are you frustrated by the crazy number of car insurance sources in your area? Many other drivers are as well. Vehicle owners have so many sources available that it can quickly become a challenge to compare car insurance rates on Chevy Silverado insurance. Everyone knows Toledo is a wonderful place to live, but expensive car insurance premiums can make it very difficult to stay on budget.

Unthinkable but true, almost 70% of drivers in Ohio have bought car insurance from the same company for at least four years, and almost half have never compared car insurance rates at all. Drivers in America could pocket $860 a year by just comparing quotes, but they just don’t understand the rate savings if they switch to a new company.

It is always a good idea to do rate comparisons quite often due to the fact that insurance prices go up and down regularly. Just because you found the lowest rates on Chevy Silverado insurance in Toledo six months ago you may be paying too much now. Forget all the misinformation about car insurance because you’re going to get a crash course in the right way to find lower rates on car insurance.

When quoting auto insurance, remember that making a lot of price comparisons gives you a better chance of getting the best offered rates.

The following companies can provide comparison quotes in Ohio. If multiple companies are listed, it’s highly recommended you visit several of them to get the best price comparison.

Toledo insurance discounts for a Chevy Silverado

Companies that sell car insurance don’t always list every discount very well, so below is a list a few of the more well known and the more hidden credits available to lower your premiums when you buy Toledo car insurance online.Cheaper insurance with discounts

Drivers should understand that most discount credits are not given to the overall cost of the policy. Most only reduce the cost of specific coverages such as medical payments or collision. Even though the math looks like you would end up receiving a 100% discount, companies don’t profit that way.

The chart below shows the comparison of Chevy Silverado insurance costs with and without some available policy discounts. Data assumes a female driver, no accidents, no driving violations, Ohio state minimum liability limits, comprehensive and collision coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, safe-driver, homeowner, claim-free, multi-policy, and multi-car discounts applied.

Companies that may offer policyholders these discounts are:

When quoting, ask all the companies which discounts you qualify for. Discounts might not be available to policyholders in Toledo. If you would like to see a list of insurance companies with discount insurance rates in Toledo, click here.

Rates and statistics

The coverage table displayed next highlights estimates of insurance prices for Chevy Silverado models. Being more informed about how insurance premiums are formulated can help drivers make decisions on which coverage to buy.

Chevrolet Silverado Insurance Rates in Toledo, OH
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Silverado LS Regular Cab 2WD $140 $224 $264 $16 $80 $724 $60
Silverado LS Regular Cab 4WD $140 $224 $234 $14 $70 $682 $57
Silverado LT Regular Cab 2WD $160 $272 $264 $16 $80 $792 $66
Silverado LT Regular Cab $160 $272 $264 $16 $80 $792 $66
Silverado LS Extended Cab 4WD $160 $272 $234 $14 $70 $750 $63
Silverado LT Extended Cab 4WD $160 $272 $234 $14 $70 $750 $63
Silverado LT Extended Cab 2WD $160 $272 $264 $16 $80 $792 $66
Silverado LS Extended Cab 2WD $160 $272 $264 $16 $80 $792 $66
Silverado LT Crew Cab 4WD $180 $320 $234 $14 $70 $818 $68
Silverado LS Crew Cab 2WD $180 $320 $264 $16 $80 $860 $72
Silverado LS Crew Cab 4WD $180 $320 $234 $14 $70 $818 $68
Silverado LT Crew Cab 2WD $180 $320 $264 $16 $80 $860 $72
Silverado LTZ Extended Cab 2WD $180 $320 $264 $16 $80 $860 $72
Silverado LTZ Extended Cab 4WD $180 $320 $234 $14 $70 $818 $68
Silverado LTZ Crew Cab 2WD $180 $320 $264 $16 $80 $860 $72
Silverado LTZ Crew Cab 4WD $180 $320 $234 $14 $70 $818 $68
Silverado Crew Cab Hybrid 2WD $180 $368 $234 $14 $70 $866 $72
Silverado Crew Cab Hybrid 4WD $200 $368 $234 $14 $70 $886 $74
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Data variables include married male driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Ohio minimum liability limits. Discounts applied include multi-vehicle, multi-policy, homeowner, claim-free, and safe-driver. Rates do not factor in your specific Toledo location which can change prices noticeably.

Full coverage or liability only

The illustration below illustrates the comparison of Chevy Silverado insurance premiums with full physical damage coverage and with liability coverage only. Data assumes no driving violations, no at-fault accidents, $250 deductibles, drivers are not married, and no other discounts are factored in.

Are you wasting money paying for full coverage?

There is no exact rule for dropping full coverage, but there is a general guideline. If the annual cost of having full coverage is about 10% or more of the vehicle’s replacement cost less your deductible, then it might be time to consider dropping full coverage.

For example, let’s pretend your Chevy Silverado book value is $8,000 and you have $1,000 policy deductibles. If your vehicle is destroyed, you would only receive $7,000 after you pay the deductible. If premiums are more than $700 annually for your policy with full coverage, then you might consider buying liability only.

There are some situations where only buying liability is not a good plan. If you have an outstanding loan on your vehicle, you must maintain physical damage coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if you don’t have enough money to buy a different vehicle if your current one is damaged, you should not buy liability only.

Why Informed Consumers Pay Less for Chevy Silverado Insurance

Many different elements are taken into consideration when premium rates are determined. Some factors are common sense such as your driving record, although some other factors are more obscure such as your marital status and annual miles driven.

The factors shown below are just a few of the factors auto insurance companies consider when setting rates.