Average Insurance Costs:
- Annual Premium: Approximately $2,165.
- Monthly Premium: Around $180.
These figures are averages and can vary based on individual circumstances.
Factors Influencing Premiums:
- Vehicle Model and Year: The 2011 Chevrolet Silverado K1500 is a full-size pickup truck. Its size and performance capabilities can influence insurance rates.
- Driving Record: A clean driving history typically results in lower premiums, while violations or accidents may increase costs.
- Location: Insurance costs can vary based on regional factors such as traffic density, accident rates, and local regulations.
- Age and Gender: Younger drivers and males often face higher premiums due to statistical risk factors.
- Credit Score: Insurers may consider credit scores when determining premiums; a higher score can result in lower rates.
| Single Woman, 37, in Michigan |
|---|
| Year/Make Model: 2011 Chevrolet Silverado k1500 |
| Ownership Status: Own |
| Discounts: Paperless, EFT, |
| Selected Coverages With Progressive |
|---|
| Bodily Injury Liability: $50,000 per person, $100,000 per accident |
| Property Damage Liability: $10,000 |
| Uninsured Motorist Bodily Injury: N/A Comprehensive: N/A Collision: N/A |
| Other Rejected Coverages: Medical Payments, Underinsured Motorist, |
Single woman in her 30’s looking for Chevrolet Silverado. We were able to provide her with insurance through Progressive. She only wanted liability coverage and opted out for full coverage. This kept her premium much lower, but gave her less protection.
Total 6 Month Premium: $723.00
Monthly Installments: $366.50
Recommendations:
- Compare Quotes: Obtain personalized quotes from multiple insurers to find the most competitive rate for your specific situation.
- Assess Coverage Needs: While liability-only coverage meets minimum legal requirements, consider whether additional coverage options are necessary based on your personal situation and the value of your vehicle.
- Explore Discounts: Inquire about discounts for maintaining a clean driving record, bundling policies, or installing safety features in your Silverado.
What We Do at A Plus Insurance
Homeowners, renters, and mobile home owners: make sure you have the protection you need.
