How Much Does 2014 Chevrolet Silverado 3500HD Insurance Cost?

Perplexed by the crazy number of car insurance choices? Lot’s of other consumers are too. You have so many choices that it can quickly become more work than you anticipated to find lower rates.

The purpose of this post is to help you learn how to effectively get price quotes. If you currently have car insurance, you will most likely be able to save some money using this strategy. But consumers must comprehend how insurance companies market insurance on the web because it can help you find the best coverage.

Lesser-known factors impacting Chevy Silverado 3500HD insurance rates

Smart consumers have a good feel for some of the elements that play a part in calculating insurance coverage rates. Understanding what controls the rates you pay allows you to make educated decisions that could result in big savings.

Shown below are some of the items companies use to determine premiums.

  • A clean driving record saves money – Only having one citation can boost insurance rates forty percent or more. Careful drivers receive lower rates than people who have multiple driving citations. Drivers with severe tickets like reckless driving, hit and run or driving under the influence are required to submit a SR-22 form with the DMV in their state in order to drive a vehicle legally.
  • The more you drive the more you pay – The more miles you rack up on your Chevy in a year the more you will pay for insurance coverage. Most insurance companies apply a rate based on their usage. Cars that are left in the garage get more affordable rates than vehicles that are driven to work every day. An improperly rated Silverado 3500HD can result in significantly higher rates. Verify your insurance coverage policy properly reflects how each vehicle is driven.
  • Don’t get talked into coverage you don’t need – There are quite a few extra coverages you can purchase on your Silverado 3500HD policy. Coverages like vanishing deductibles, better glass coverage and term life insurance are examples of these. These coverages may sound good at first, but if they’re wasting money get rid of them and save.
  • Save money with special equipment – Owning a car with a theft deterrent system can get you a discount on your insurance coverage. Anti-theft features like tamper alarm systems, vehicle immobilizer technology and General Motors OnStar can help prevent your vehicle from being stolen.

These discounts can slash insurance rates

Insurance can be prohibitively expensive, but there could be available discounts that you may not even be aware of. Certain discounts will be applied when you quote, but less common discounts must be inquired about in order for you to get them.

  • Paperless Signup – Certain companies give back up to $50 for buying a policy and signing up online.
  • Lower Rates for Military – Having a family member in the military can result in better rates.
  • Discount for Life Insurance – Some companies give lower rates if you buy life insurance.
  • Employee of Federal Government – Active or retired federal employment can earn a discount up to 10% for SilveradoHD coverage with a few insurance companies.
  • Bundle and Save – When you combine your home and auto insurance with one company you may earn at least 10% off all policies.
  • Anti-lock Brakes – Vehicles with anti-lock braking systems are safer to drive and earn discounts up to 10%.

Consumers should know that most credits do not apply to your bottom line cost. Most only apply to specific coverage prices like comp or med pay. So even though they make it sound like adding up those discounts means a free policy, you won’t be that lucky. Any amount of discount will reduce your overall premium however.

To see a list of insurance companies with discount insurance rates, click here.

Ads can be misleading

Auto insurance providers like Allstate and Progressive constantly bombard you with ads on TV and radio. They all make an identical promise that you’ll save big if you switch your policy. How can each company claim to save you money? This is how they do it.

All the different companies are able to cherry pick for the type of customer that earns them a profit. For example, a profitable customer might be a mature driver, has no tickets, and chooses high deductibles. Any new insured that hits that “sweet spot” will get the preferred rates and is almost guaranteed to cut their rates substantially.

Potential customers who do not match the “perfect” profile must pay a more expensive rate which usually ends up with business not being written. The ads state “drivers who switch” not “everyone that quotes” save money. This is how companies can state the savings.

This illustrates why it is so important to get as many quotes as possible. It’s impossible to know which company will provide you with the cheapest Chevy Silverado 3500HD insurance rates.

When might I need the advice of an agent?

When it comes to choosing proper insurance coverage, there isn’t really a one size fits all plan. Everyone’s needs are different.

For instance, these questions might help in determining whether your personal situation will benefit from professional help.

  • Do I pay less for low miles?
  • Are my tools covered if they get stolen from my vehicle?
  • Does my insurance cover my expensive audio equipment?
  • Should I bundle my homeowners policy with my auto?
  • What if I owe more than I can insure my car for?
  • Is motorclub coverage worth it?
  • How much liability insurance is required?
  • Should I waive the damage coverage when renting a car?

If it’s difficult to answer those questions but you think they might apply to your situation then you might want to talk to an insurance agent. If you want to speak to an agent in your area, simply complete this short form.

Specific coverages for a 2014 Chevy Silverado 3500HD

Having a good grasp of your policy can be of help when determining the right coverages and the correct deductibles and limits. Insurance terms can be ambiguous and reading a policy is terribly boring.

Insurance for medical payments – Med pay and PIP coverage provide coverage for short-term medical expenses such as X-ray expenses, dental work and surgery. They can be used in conjunction with a health insurance policy or if there is no health insurance coverage. It covers both the driver and occupants in addition to if you are hit as a while walking down the street. PIP is not available in all states and may carry a deductible

Comprehensive coverage (or Other than Collision) – Comprehensive insurance pays for damage that is not covered by collision coverage. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage pays for things like fire damage, damage from a tornado or hurricane, hitting a deer and hitting a bird. The maximum amount you can receive from a comprehensive claim is the ACV or actual cash value, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.

Collision – This pays for damage to your Silverado 3500HD from colliding with another car or object. You will need to pay your deductible and then insurance will cover the remainder.

Collision coverage protects against claims such as scraping a guard rail, colliding with a tree and rolling your car. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. Drivers also have the option to bump up the deductible in order to get cheaper collision rates.

Uninsured Motorist or Underinsured Motorist insurance – This gives you protection from other drivers when they either are underinsured or have no liability coverage at all. It can pay for injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.

Since many drivers only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages should not be overlooked. Frequently these coverages are identical to your policy’s liability coverage.

Coverage for liability – Liability coverage protects you from damage or injury you incur to people or other property that is your fault. It protects you against claims from other people, and doesn’t cover damage sustained by your vehicle in an accident.

Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have policy limits of 50/100/50 that means you have $50,000 in coverage for each person’s injuries, $100,000 for the entire accident, and a limit of $50,000 paid for damaged property. Alternatively, you may have one limit called combined single limit (CSL) that pays claims from the same limit with no separate limits for injury or property damage.

Liability can pay for claims like repair bills for other people’s vehicles, attorney fees, repair costs for stationary objects and court costs. The amount of liability coverage you purchase is up to you, but it’s cheap coverage so purchase as high a limit as you can afford.

Shop. Compare. Save.

Low-cost 2014 Chevy Silverado 3500HD insurance can be purchased from both online companies and with local insurance agents, so you should be comparing quotes from both in order to have the best price selection to choose from. Some car insurance companies do not offer the ability to get a quote online and most of the time these small insurance companies sell through independent agents.

While you’re price shopping online, do not buy poor coverage just to save money. In many cases, consumers will sacrifice comprehensive coverage or liability limits only to regret they didn’t have enough coverage. Your strategy should be to get the best coverage possible at an affordable rate, not the least amount of coverage.

We just showed you some good ideas how to shop for insurance online. It’s most important to understand that the more rate comparisons you have, the better likelihood of reducing your rate. Drivers may discover the lowest rates come from a smaller regional carrier.

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