No one in their right mind likes paying for car insurance, particularly when they are paying too much.
With consumers having so many insurance companies to choose from, it is very difficult to locate the cheapest car insurance company.
You should take the time to price shop coverage before your policy renews since insurance rates fluctuate regularly. If you had the best rates for Silverado insurance on your last policy the chances are good that you can find a lower rate today. So just block out anything you think you know about car insurance because you’re going to learn the things you must know in order to remove unneeded coverages and save money.
Buying car insurance is not rocket science. Basically, every driver who carries car insurance stands a good chance to be able to find lower rates. But drivers must learn the methods companies use to market on the web and use this information to your advantage.
Performing a rate comparison can take hours if you don’t understand the most efficient way. You can waste a lot of time talking about coverages with insurance companies in your area, or you can utilize online quotes to get the quickest rates.
Most of the best insurance companies enroll in a system that enables customers to submit one quote, and every company then returns a price quote determined by their information. This saves time by eliminating form submissions to each individual auto insurance company.
To participate in this free quote system, click here to open in new window.
The one disadvantage to comparing rates this way is you cannot specify which companies to get pricing from. So if you want to select specific providers to request quotes from, we have a page of companies who write auto insurance in your area. Click here to view list.
Whichever way you use, be sure to compare exactly the same coverage information on every quote. If you compare different limits and deductibles on each one it will be impossible to make a fair comparison for your Chevy Silverado 2500. Quoting even small variations in coverage limits could mean much higher rates. It’s important to know that quoting more helps you find better pricing.
Companies offering auto insurance don’t necessarily list every available discount in a way that’s easy to find, so we break down some of the more common as well as the least known ways to save on car insurance.
As a disclaimer on discounts, many deductions do not apply to your bottom line cost. Some only apply to individual premiums such as comprehensive or collision. So when the math indicates adding up those discounts means a free policy, you’re out of luck.
To see a list of providers with the best car insurance discounts, follow this link.
Consumers need to have an understanding of the different types of things that play a part in calculating the price you pay for auto insurance. Having a good understanding of what impacts premium levels allows you to make educated decisions that could result in much lower annual insurance costs.
When buying the right insurance coverage for your personal vehicles, there isn’t really a single plan that fits everyone. Every insured’s situation is different and your policy should reflect that. For example, these questions may help highlight whether your personal situation would benefit from professional advice.
If you’re not sure about those questions but you think they might apply to your situation, you may need to chat with a licensed insurance agent. To find lower rates from a local agent, fill out this quick form or you can go here for a list of companies in your area.
Progressive, Allstate and GEICO constantly bombard you with ads in print and on television. All the companies make the same claim about savings if you switch your policy. How do they all make almost identical claims?
All the different companies have a certain “appetite” for the right customer they prefer to insure. For instance, a desirable insured could possibly be a mature driver, has no driving citations, and drives less than 7,500 miles a year. A propective insured who meets those qualifications receives the best rates and as a result will probably save when they switch companies.
Potential insureds who don’t meet the requirements must pay more money and ends up with the driver buying from a lower-cost company. The ads state “customers that switch” but not “drivers who get quotes” save money. That’s why companies can truthfully advertise the way they do. This illustrates why you should compare as many rates as you can. It is impossible to predict which company will give you the biggest savings on Chevy Silverado 2500 insurance.
Learning about specific coverages of your insurance policy can be of help when determining appropriate coverage for your vehicles. The coverage terms in a policy can be impossible to understand and even agents have difficulty translating policy wording. Listed below are the usual coverages offered by insurance companies.
Coverage for medical expenses – Personal Injury Protection (PIP) and medical payments coverage kick in for expenses such as ambulance fees, X-ray expenses and dental work. They are often used in conjunction with a health insurance program or if there is no health insurance coverage. It covers all vehicle occupants as well as being hit by a car walking across the street. PIP coverage is not an option in every state and gives slightly broader coverage than med pay
Liability – This coverage will cover damages or injuries you inflict on other’s property or people in an accident. It protects YOU against claims from other people, and doesn’t cover damage sustained by your vehicle in an accident.
It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have values of 100/300/100 that means you have $100,000 in coverage for each person’s injuries, a total of $300,000 of bodily injury coverage per accident, and $100,000 of coverage for damaged propery.
Liability coverage pays for things such as attorney fees, bail bonds, repair costs for stationary objects, repair bills for other people’s vehicles and medical expenses. How much liability coverage do you need? That is up to you, but it’s cheap coverage so purchase as high a limit as you can afford.
Collision coverage – This pays for damage to your Silverado 2500 caused by collision with another car or object. You will need to pay your deductible and then insurance will cover the remainder.
Collision insurance covers things such as sideswiping another vehicle, sustaining damage from a pot hole and damaging your car on a curb. This coverage can be expensive, so you might think about dropping it from lower value vehicles. You can also bump up the deductible to get cheaper collision coverage.
Coverage for uninsured or underinsured drivers – This gives you protection when other motorists either are underinsured or have no liability coverage at all. This coverage pays for injuries to you and your family as well as your vehicle’s damage.
Because many people only purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked.
Comprehensive insurance – This will pay to fix damage OTHER than collision with another vehicle or object. A deductible will apply then your comprehensive coverage will pay.
Comprehensive can pay for claims such as damage from a tornado or hurricane, theft and damage from flooding. The maximum amount you can receive from a comprehensive claim is the actual cash value, so if the vehicle is not worth much consider removing comprehensive coverage.
When trying to cut insurance costs, make sure you don’t buy less coverage just to save a little money. Too many times, an insured dropped liability coverage limits and discovered at claim time they didn’t have enough coverage. Your aim should be to find the BEST coverage for the lowest price while still protecting your assets.
In this article, we presented a lot of techniques to get a better price on 2003 Chevy Silverado 2500 insurance. It’s most important to understand that the more quotes you get, the better your comparison will be. Drivers may discover the best prices are with a company that doesn’t do a lot of advertising. Smaller companies may cover specific market segments cheaper compared to the large companies like Allstate and Progressive.
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