If you are new to online price comparisons, most likely you are baffled thanks to the vast number of insurers that all promise the best rates for Chevy Silverado insurance in Providence.
Unimaginable but true, the majority of drivers have purchased from the same company for over three years, and just under half have never shopped around. Many drivers in Providence could save an average of about 15% each year just by getting comparison quotes, but they don't know the big savings they would realize if they switched to a cheaper policy.
Choosing the most cost-effective insurance policy in Providence is quite easy. Basically, everyone who compares rate quotes for insurance will probably buy a cheaper policy. Nevertheless, Rhode Island car owners need to learn how the larger insurance companies sell online because rates fluctuate considerably.
When comparison shopping, there are several ways to compare rate quotes from many different Rhode Island insurance companies. One of the best ways to compare rates is simply to get online rate quotes.
Just keep in mind that comparing more rates from different companies will increase your chances of finding lower pricing. Not every company provides online Providence Silverado insurance quotes, so it's recommended that you also compare rates on coverage from those companies, too.
The following companies are our best choices to provide comparison quotes in Providence, RI. If multiple providers are shown, we suggest you visit several of them in order to get a fair rate comparison.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Silverado LS Regular Cab 2WD||$296||$508||$468||$28||$140||$1,440||$120|
|Silverado LS Regular Cab 4WD||$166||$314||$490||$30||$146||$1,146||$96|
|Silverado LT Regular Cab 2WD||$194||$332||$458||$28||$138||$1,150||$96|
|Silverado LT Regular Cab||$304||$518||$468||$28||$140||$1,458||$122|
|Silverado LS Extended Cab 4WD||$186||$376||$528||$32||$158||$1,280||$107|
|Silverado LT Extended Cab 4WD||$358||$528||$532||$32||$160||$1,610||$134|
|Silverado LT Extended Cab 2WD||$358||$528||$600||$36||$180||$1,702||$142|
|Silverado LS Extended Cab 2WD||$220||$332||$600||$36||$180||$1,368||$114|
|Silverado LT Crew Cab 4WD||$304||$642||$458||$28||$138||$1,570||$131|
|Silverado LS Crew Cab 2WD||$392||$766||$618||$36||$186||$1,998||$167|
|Silverado LS Crew Cab 4WD||$188||$404||$458||$28||$138||$1,216||$101|
|Silverado LT Crew Cab 2WD||$404||$622||$600||$36||$180||$1,842||$154|
|Silverado LTZ Extended Cab 2WD||$280||$492||$468||$28||$140||$1,408||$117|
|Silverado LTZ Extended Cab 4WD||$242||$482||$548||$32||$164||$1,468||$122|
|Silverado LTZ Crew Cab 2WD||$212||$384||$468||$28||$140||$1,232||$103|
|Silverado LTZ Crew Cab 4WD||$288||$502||$406||$24||$122||$1,342||$112|
|Silverado Crew Cab Hybrid 2WD||$262||$532||$418||$24||$126||$1,362||$114|
|Silverado Crew Cab Hybrid 4WD||$320||$578||$406||$24||$122||$1,450||$121|
|Get Your Own Custom Quote Go|
Above prices assume married male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Rhode Island minimum liability limits. Discounts applied include multi-vehicle, safe-driver, claim-free, multi-policy, and homeowner. Estimates do not factor in specific garaging location which can affect coverage prices considerably.
Does it make sense to buy full coverage?
The example below illustrates the difference between Chevrolet Silverado insurance prices with liability coverage only compared to full coverage. The costs are based on no claims or driving violations, $100 deductibles, married male driver, and no discounts are applied to the premium.
When to stop buying physical damage coverage
There is no definitive formula to stop buying full coverage, but there is a general school of thought. If the yearly cost of full coverage is more than around 10% of the settlement you would receive from your company, then you might want to consider buying only liability coverage.
For example, let's say your Chevrolet Silverado replacement value is $6,000 and you have $1,000 deductibles. If your vehicle is severely damaged, the most your company would pay you is $5,000 after paying your deductible. If you are paying over $500 a year for your policy with full coverage, then you may want to consider only buying liability coverage.
There are some situations where eliminating full coverage is not a good plan. If you still owe money on your vehicle, you are required to maintain full coverage in order to satisfy the requirements of the loan. Also, if you cannot afford to purchase a different vehicle if your current one is in an accident, you should not remove full coverage.
Auto insurance premiums based on gender
The chart below illustrates the comparison of Chevrolet Silverado auto insurance costs for male and female drivers. The data is based on no accidents, no driving violations, full physical damage coverage, $1,000 deductibles, marital status is single, and no discounts are applied.
Why car insurance is not optional
Even though it can be expensive, paying for car insurance may be mandatory for several reasons.
First, just about all states have mandatory insurance requirements which means you are required to carry specific limits of liability insurance coverage in order to license the vehicle. In Rhode Island 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.
Second, if you have a lien on your vehicle, almost every bank will make it a condition of the loan that you carry insurance to guarantee their interest in the vehicle. If you default on your policy, the bank may insure your Chevy at a significantly higher premium and make you pay for it.
Third, car insurance preserves both your assets and your Chevy Silverado. It also can pay for hospital and medical expenses for you, any passengers, and anyone injured in an accident. As part of your policy, liability insurance also pays for attorney fees and expenses if you cause an accident and are sued. If your vehicle suffers damage from an accident or hail, comprehensive (other-than-collision) and collision coverage will pay to have it repaired.
The benefits of carrying enough insurance outweigh the cost, especially for larger claims. According to a 2015 survey, the average American driver is overpaying over $700 annually so it's very important to do a rate comparison at every renewal to make sure the price is not too high.
Get affordable Chevy Silverado insurance in Providence with discounts
Insurance can cost an arm and a leg, but there could be significant discounts that you may not even know about. Certain discounts will be applied at quote time, but some discounts are required to be manually applied before they will apply.
- Distant Student Discount - Any of your kids who live away from home at college and don't have a car can be insured at a reduced rate.
- Payment Discounts - If you pay your entire premium ahead of time rather than paying in monthly installments you may have a lower total premium amount.
- Membership in Organizations - Having an affiliation with a professional or civic organization is a simple method to lower premiums on your next renewal.
- Switch and Save Discount - Some car insurance companies provide a discount for buying a new policy prior to the expiration date on your current Silverado insurance policy. It's a savings of about 10%.
- Telematics Data Discounts - Insureds who allow driving data submission to monitor their driving habits by using a telematics device in their vehicle such as Progressive's Snapshot and State Farm's In-Drive might get better premium rates as long as the data is positive.
Just know that most discounts do not apply to the entire policy premium. Most only cut the price of certain insurance coverages like comp or med pay. Even though the math looks like you could get a free car insurance policy, you won't be that lucky.
To choose insurers that have a full spectrum of discounts in Providence, click this link.
When to have guidance from an insurance agency
A small number of people would prefer to buy from a licensed agent and doing that can be a smart decision A nice benefit of getting online price quotes is you can get better rates and also buy local.
Upon completion of this short form, the quote information is sent to companies in Providence that give free quotes and help you find cheaper coverage. There is no need to do any legwork due to the fact that quote results will go instantly to you. You'll get the best rates without a big time investment. If you wish to compare rates from a specific company, you would need to jump over to their website and complete a quote there.
Choosing an provider should include more criteria than just a low price. These are some questions you should get answers to.
- Will you work with the agent or an assistant?
- Is assistance available after office hours?
- Do they review policy coverages at every renewal?
- How many years have they been established?
- Are there any hidden costs in their price quote and does it include driving and credit history?
If you want to use a reputable agency, it can be helpful to understand the different types of agencies to choose from. Agents in Providence can either be independent (non-exclusive) or exclusive.
Exclusive Auto Insurance Agencies
These agents write business for a single company and some examples include Farmers Insurance and State Farm. These agents are unable to provide other company's prices so they have to upsell other benefits. Exclusive agencies are highly trained on the products they sell and that enables them to sell even at higher rates. A lot of people buy from exclusive agents mostly because of the brand name instead of buying on price only.
Below are exclusive agencies in Providence that can give you price quotes.
- Allstate Insurance
292 Academy Ave - Providence, RI 02908 - (401) 558-0238 - View Map
- Allstate Insurance: Kiona Guzman
1214 Broad St Lowr Level - Providence, RI 02905 - (401) 785-0806 - View Map
- Allstate Insurance: Kraig Cloutier
1535 Smith St #1 - North Providence, RI 02911 - (401) 861-7500 - View Map
Independent Insurance Agents
Agents in the independent channel are not employed by one company and that gives them the ability to insure with many different companies and find the cheapest rate. If they quote lower rates, they can switch companies in-house and you won't have to switch agencies. When comparing auto insurance rates, you absolutely need to get some free quotes from a couple of independent agencies in order to have the best price comparison. Most have the option of insuring with mutual insurance companies which may have better rates.
Listed below are independent insurance agents in Providence that can give you price quote information.
- Dorotime Insurance Agency
598 Charles St - Providence, RI 02904 - (401) 383-3939 - View Map
- Atwood And Palazzo Insurance Agency
565 Broadway - Providence, RI 02909 - (401) 272-4340 - View Map
- The Virtus Group Financial and Insurance Services, Inc
10 Memorial Blvd #903 - Providence, RI 02903 - (401) 223-0500 - View Map
If you get positive responses to your questions in addition to an acceptable price estimate, you may have just found an auto insurance agent that can be relied on to insure your vehicles. It's important to know that consumers can cancel a policy at any point so don't feel that you're stuck with any specific agency for the full term.
Do I just need basic coverages?
When it comes to coverage online or from an agent, there isn't really a one size fits all plan. Everyone's situation is unique and a cookie cutter policy won't apply. For instance, these questions may help highlight if your situation might need professional guidance.
- Is my teen driver covered when they drive my company car?
- What discounts do I qualify for?
- What are the liability requirements in my state?
- What is GAP insurance?
- What is the ISO rating for a Chevy Silverado?
- At what point should I drop full coverage?
- Is my cargo covered for damage or theft?
- When should I not file a claim?
- Should I buy additional glass protection?
If it's difficult to answer those questions but you think they might apply to your situation then you might want to talk to a licensed agent. If you want to speak to an agent in your area, complete this form or you can also visit this page to select a carrier
You just read a lot of ways to shop for Chevy Silverado insurance online. It's most important to understand that the more rate comparisons you have, the higher your chance of finding affordable Providence car insurance quotes. Drivers may even discover the best premium rates are with some of the smallest insurance companies. Smaller companies may only write in your state and offer lower prices as compared to the big name companies such as Progressive and GEICO.
As you prepare to switch companies, make sure you don't buy less coverage just to save a little money. There are a lot of situations where an accident victim reduced full coverage and learned later that it was a big error on their part. The proper strategy is to buy enough coverage for the lowest cost, not the least amount of coverage.
Much more information about auto insurance in Rhode Island can be found on the following sites:
- If I File a Claim will My Insurance Go Up? (Insurance Information Institute)
- What is the Cheapest Auto Insurance in Narragansett Pier, Rhode Island? (FAQ)
- Which Company has the Cheapest Car Insurance in Tiverton, RI? (FAQ)
- Who Has Cheap Rhode Island Auto Insurance for Drivers Over Age 60? (FAQ)
- What is the Cheapest Car Insurance in Newport, RI? (FAQ)
- What is the Cheapest Auto Insurance in Hope Valley, Rhode Island? (FAQ)
- How Much is Car Insurance for 16 Year Olds in Rhode Island? (FAQ)
- Who Has Cheap Car Insurance Rates in Rhode Island? (FAQ)
- What Auto Insurance is Cheapest for Felons in Rhode Island? (FAQ)
- What is the Cheapest Car Insurance in Newport East, Rhode Island? (FAQ)
- What Auto Insurance is Cheapest in Providence, Rhode Island? (FAQ)
- Who Has Cheap Rhode Island Auto Insurance Quotes for Drivers with Good Credit? (FAQ)
- Airbag FAQ (iihs.org)
- Prom Night Tips for Teen Drivers (State Farm)
- Can I Drive Legally without Insurance? (Insurance Information Institute)