The preferred way to find low-cost car insurance rates in El Paso is to regularly compare prices from insurance carriers that sell auto insurance in Texas. Prices can be compared by following these guidelines.
- Take a little time to learn about car insurance and the modifications you can make to prevent expensive coverage. Many factors that drive up the price such as careless driving and a low credit score can be eliminated by making minor driving habit or lifestyle changes. This article gives more ideas to get better rates and get additional discounts that may have been overlooked.
- Compare price quotes from exclusive agents, independent agents, and direct providers. Exclusive and direct companies can only give rate quotes from one company like GEICO or Farmers Insurance, while independent agents can quote rates for a wide range of insurance providers.
- Compare the price quotes to your existing rates to determine if switching companies saves money. If you can save some money, make sure there is no lapse between the expiration of your current policy and the new one.
- Provide adequate notice to your current company to cancel your current car insurance policy and submit the application along with any required down payment for your new policy. When you receive it, place your new certificate of insurance with your vehicle’s registration.
One key aspect when comparing rates is that you use the same coverage limits and deductibles on each quote and and to analyze every company you can. This guarantees the most accurate price comparison and a complete selection of prices.
Sad but true, the vast majority of auto insurance customers have remained with the same auto insurance company for at least four years, and approximately 38% of consumers have never shopped around. El Paso insurance shoppers could pocket 70% a year just by comparing rates, but they don’t know the amount of savings they would get if they moved their coverage to a different company.
How to get the cheapest Chevy Silverado insurance in El Paso
The companies shown below offer price comparisons in El Paso, TX. If more than one company is shown, we suggest you compare several of them to find the most affordable auto insurance rates.
Insurance coverage details
The price information displayed below showcases detailed analysis of insurance premium costs for Chevy Silverado models. Having a better idea how insurance prices are established can help guide drivers when making decisions on the best policy to buy.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Silverado LS Regular Cab 2WD||$152||$290||$560||$34||$168||$1,204||$100|
|Silverado LS Regular Cab 4WD||$152||$290||$496||$30||$148||$1,116||$93|
|Silverado LT Regular Cab 2WD||$174||$352||$560||$34||$168||$1,288||$107|
|Silverado LT Regular Cab||$174||$352||$560||$34||$168||$1,288||$107|
|Silverado LS Extended Cab 4WD||$174||$352||$496||$30||$148||$1,200||$100|
|Silverado LT Extended Cab 4WD||$174||$352||$496||$30||$148||$1,200||$100|
|Silverado LT Extended Cab 2WD||$174||$352||$560||$34||$168||$1,288||$107|
|Silverado LS Extended Cab 2WD||$174||$352||$560||$34||$168||$1,288||$107|
|Silverado LT Crew Cab 4WD||$198||$416||$496||$30||$148||$1,288||$107|
|Silverado LS Crew Cab 2WD||$198||$416||$560||$34||$168||$1,376||$115|
|Silverado LS Crew Cab 4WD||$198||$416||$496||$30||$148||$1,288||$107|
|Silverado LT Crew Cab 2WD||$198||$416||$560||$34||$168||$1,376||$115|
|Silverado LTZ Extended Cab 2WD||$198||$416||$560||$34||$168||$1,376||$115|
|Silverado LTZ Extended Cab 4WD||$198||$416||$496||$30||$148||$1,288||$107|
|Silverado LTZ Crew Cab 2WD||$198||$416||$560||$34||$168||$1,376||$115|
|Silverado LTZ Crew Cab 4WD||$198||$416||$496||$30||$148||$1,288||$107|
|Silverado Crew Cab Hybrid 2WD||$198||$478||$496||$30||$148||$1,350||$113|
|Silverado Crew Cab Hybrid 4WD||$220||$478||$496||$30||$148||$1,372||$114|
|Get Your Own Custom Quote Go|
Table data assumes single female driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Texas minimum liability limits. Discounts applied include claim-free, safe-driver, multi-vehicle, multi-policy, and homeowner. Rates do not factor in specific garaging location which can impact auto insurance rates noticeably.
The diagram below highlights how deductible selection and can raise or lower Chevy Silverado insurance costs for each age group. The data is based on a single female driver, full physical damage coverage, and no discounts are applied to the premium.
Full coverage or liability only
The example below visualizes the comparison of Chevy Silverado insurance costs with full coverage compared to only the Texas minimum liability coverage. The prices are based on no violations or accidents, $100 deductibles, drivers are not married, and no discounts are applied to the premium.
When to drop comprehensive and collision coverage
There is no clear-cut formula of when to drop comprehensive and collision coverage on your policy, but there is a guideline you can use. If the annual cost of comprehensive and collision coverage is 10% or more of the vehicle’s replacement cost less your deductible, then it’s probably a good time to buy liability coverage only.
For example, let’s say your Chevy Silverado claim settlement value is $9,000 and you have $1,000 physical damage deductibles. If your vehicle is destroyed, the most your company will settle for is $8,000 after paying your policy deductible. If you are paying in excess of $800 annually for physical damage coverage, then it’s probably a good time to buy liability coverage only.
There are a few cases where removing full coverage is not recommended. If you have an outstanding loan on your vehicle, you have to keep full coverage as part of the loan conditions. Also, if you can’t afford to buy a different vehicle if your current one is in an accident, you should keep full coverage.
Get cheaper Chevy Silverado insurance in El Paso with discounts
Auto insurance can be pricey, but discounts can save money and there are some available to cut the cost considerably. Certain discounts will be triggered automatically when you complete an application, but lesser-known reductions have to be asked about prior to getting the savings. If you do not check that you are getting every discount you deserve, you may be paying too high a price.
- Federal Government Employee – Simply working for the federal government can earn a discount up to 10% with a few auto insurance companies.
- Defensive Driver Discounts – Completing a class that teaches defensive driving techniques is a good idea and can lower rates and easily pay for the cost of the class.
- Drive Less and Save – Low mileage vehicles can earn cheaper prices.
- Online Discount – A few larger companies will give a small break for buying your policy on the web.
- Drive Safe and Save – Accident-free drivers may save up to 50% more than drivers with accidents.
- Sign Early and Save – A few companies allow discounts for switching companies early. Ten percent is about the average savings.
As a sidenote, most discount credits are not given to the whole policy. A few only apply to individual premiums such as comp or med pay. So when it seems like adding up those discounts means a free policy, you aren’t that lucky.
The example below illustrates the difference between Chevy Silverado insurance prices with and without discounts applied to the rates. The prices are based on a male driver, no claims or driving citations, Texas state minimum liability limits, comprehensive and collision coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, homeowner, marriage, multi-policy, multi-car, and claim-free discounts applied.
A list of companies and a partial list of their discounts include:
- State Farm offers premium reductions for good driver, Steer Clear safe driver discount, safe vehicle, Drive Safe & Save, multiple policy, and good student.
- Nationwide may include discounts for accident-free, business or organization, good student, anti-theft, easy pay, Farm Bureau membership, and family plan.
- GEICO has savings for anti-lock brakes, daytime running lights, five-year accident-free, emergency military deployment, seat belt use, and driver training.
- AAA includes discounts for anti-theft, AAA membership discount, multi-car, education and occupation, and multi-policy.
- 21st Century may offer discounts for 55 and older, defensive driver, driver training, teen driver, student driver, and good student.
- The Hartford offers discounts including good student, air bag, driver training, defensive driver, anti-theft, and bundle.
When comparing rates, check with each insurance company which discounts you qualify for. Some discounts may not be offered in El Paso.
Choosing Silverado insurance is an important decision
Even though it’s not necessarily cheap to insure a Chevy in El Paso, insurance serves an important purpose.
- Almost all states have minimum mandated liability insurance limits which means the state requires a specific minimum amount of liability coverage in order to drive the car legally. In Texas these limits are 30/60/25 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
- If your Silverado has a lienholder, almost every bank will have a requirement that you buy full coverage to protect their interest in the vehicle. If you do not keep the policy in force, the lender may insure your Chevy for a lot more money and require you to fork over for it.
- Car insurance preserves both your assets and your Chevy Silverado. It will also reimburse you for many types of medical costs for you, any passengers, and anyone injured in an accident. One policy coverage, liability insurance, will also pay for a defense attorney if someone files suit against you as the result of an accident. If damage is caused by hail or an accident, comprehensive (other-than-collision) and collision coverage will pay to repair the damage minus the deductible amount.
The benefits of carrying adequate insurance greatly outweigh the cost, specifically if you ever have a liability claim. Despite what companies tell you, the average driver overpays as much as $865 each year so it’s important to compare rates at every renewal to ensure rates are competitive.
What insurance coverages do I need?
When buying coverage online or from an agent for your personal vehicles, there really isn’t a best way to insure your cars. Every insured’s situation is different and your policy should reflect that.
For example, these questions might help in determining whether you may require specific advice.
- What can I do if my company won’t pay a claim?
- Am I better off with higher deductibles on my Chevy Silverado?
- Does my liability insurance cover pulling a trailer or camper?
- Can I use my car for my catering business?
- Does my insurance cover my expensive audio equipment?
- How much can I save by bundling my policies?
- What happens if I owe more than my Chevy Silverado is worth?
- Are split liability limits better than a combined single limit?
If it’s difficult to answer those questions but one or more may apply to you then you might want to talk to a licensed insurance agent. To find an agent in your area, complete this form or you can go here for a list of companies in your area. It is quick, free and may give you better protection.
Local El Paso insurance agents and insurance
Many people just prefer to get advice from a local agent and that can be a great decision Insurance agents can point out coverage gaps and help you file claims. An additional benefit of comparing insurance online is that you can find cheap insurance rates and also buy local. And buying from local agencies is still important in El Paso.
Once you complete this form (opens in new window), your coverage information is emailed to local insurance agents in El Paso who want to provide quotes for your coverage. It simplifies rate comparisons since you won’t have to find an agent on your own since rate quotes are delivered immediately to your email address. If you need to get a comparison quote from a specific insurance company, you just need to go to their quote page and submit a quote form there.
Two types of El Paso auto insurance agents
If you want to buy insurance from a reliable insurance agent, it’s helpful to know the different types of agencies and how they can write your policy. Insurance agencies are either exclusive or independent agents depending on their company appointments. Both types of agents can properly insure your vehicles, but it’s important to point out the difference in how they write coverage because it can impact buying decisions.
Independent insurance agents often have affiliation with several companies so they can insure your vehicles with any number of different companies and potentially find a lower price. If your premiums go up, the agent simply finds a different carrier which is easy for the insured. If you are trying to find cheaper rates, you will definitely want to get insurance quotes from several independent insurance agents to have the best price comparison.
The following is a partial list of independent insurance agents in El Paso that may be able to provide free price quotes.
Exclusive Insurance Agents
These agents are contracted to one company and some examples include Allstate, AAA, Farmers Insurance, and State Farm. They are unable to compare other company’s rates so you need to shop around if the rates are high. Exclusive insurance agents are trained well on the products they sell which helps them sell insurance even at higher premiums.
The following is a list of exclusive insurance agencies in El Paso that can give you comparison quotes.
Picking an insurance agent is decision based upon more than just a cheap price quote. Any agent in El Paso should be willing to answer these questions.
- Can you get a list of referrals?
- Is there a 24/7 contact number?
- How long have they worked with personal auto insurance coverage?
- Can you choose the body shop in case repairs are needed?
- Do they assist clients in filing claims?
- Who are their largest clients?
- What insurance companies do they recommend if they are an independent agent?
- What kind of financial rating does the company have?