Cheaper 2001 Chevrolet Silverado 2500 Car Insurance Cost

Perplexed by the crazy number of insurance coverage providers available to you? You have so many providers to choose from that it can turn into a real difficult job to find lower insurance coverage rates.

Consumers need to do rate comparisons periodically because insurance coverage prices are usually higher with each renewal. If you had the lowest rate for Silverado coverage last year there may be better deals available now. Ignore everything you know about insurance coverage because we’re going to demonstrate one of the best ways to reduce your cost while improving coverage.

How to compare auto insurance price quotes

When looking for the cheapest insurance quotes, there are a couple ways to compare rate quotes from lots of auto insurance companies. The recommended way to find competitive 2001 Chevy Silverado 2500 insurance rates is simply to get online rate quotes. It’s really quite simple and can be done by using one of the methods below.

1. Experts agree that the best way to get the best comparison quotes is an all-inclusive rate comparison (click to open form in new window). This style of form saves time by eliminating a different quote for each price estimate. One simple form compares rates from auto insurance companies with the best prices. It’s the fastest way to compare.
2. A more difficult way to get quotes online is to manually visit each company website to complete their respective quote request forms. For instance, we’ll assume you want to view quotes from State Farm, Geico and Progressive. You would need to go to every website and repeatedly enter your information, which is why first method is reommended.

   For a list of links to insurance companies in your area, click here.

3. The last way to find cheaper rates is to spend time driving to all the different insurance agencies. The fact that you can get quotes online makes this unnecessary unless you want the extra assistance that only a licensed agent can provide. Some companies do allow you to obtain prices from the web but buy the policy through an agent.

The approach you take is up to you, just make darn sure you compare equivalent quote data on every quote. If each company quotes differing limits it’s not possible to find the best deal for your Chevy Silverado 2500. Quoting even small variations in limits may cause a big price difference. And when price shopping your coverage, comparing more rates from different companies increases your odds of finding lower pricing. Not every company allows you to get prices over the internet, so it’s important to compare price quotes on coverage from those companies, too.

Don’t overlook these insurance discounts

Companies offering auto insurance don’t necessarily list all possible discounts very well, so the following is a list of a few of the more well known in addition to some of the lesser obvious savings tricks you should be using when you buy insurance online.

• College Student Discount – Any of your kids who live away from home to go to college and do not have access to a covered vehicle could get you a discount.
• Home Ownership Discount – Just owning your own home can save you money since owning and maintaining a home shows financial diligence.
• Employee of Federal Government – Having worked for a branch of the government may reduce rates when you quote insurance for Silverado coverage but check with your company.
• Passive Restraints and Air Bags – Vehicles equipped with air bags and/or automatic seat belt systems could see savings as much as 30%.
• Save over 55 – If you qualify as a senior citizen, you may receive better insurance rates for Silverado coverage.
• Discount for Good Grades – Being a good student can be rewarded with saving of up to 25%. The discount lasts until age 25.
• Early Signing – A few companies give discounts for switching policies before your current coverage expires. This can save 10% or more.
• Anti-theft System – Vehicles that have factory alarm systems and tracking devices have a lower chance of being stolen and therefore earn up to a 10% discount.
• Paperless Signup – Certain insurance companies will give a small break for signing up on their website.
• Anti-lock Brake Discount – Cars, trucks, and SUVs that have steering control and anti-lock brakes have fewer accidents and the ABS can save up to 10%.

Don’t be shocked that most credits do not apply to your bottom line cost. Most only cut individual premiums such as comp or med pay. So even though they make it sound like having all the discounts means you get insurance for free, it doesn’t quite work that way.

A list of insurance companies and a selection of discounts are:

• Farm Bureau offers premium reductions for driver training, good student, multi-vehicle, multi-policy, safe driver, and 55 and retired.
• State Farm may include discounts for student away at school, driver’s education, multiple policy, defensive driving training, and anti-theft.
• Progressive offers discounts for multi-policy, online signing, homeowner, good student, and online quote discount.
• Allstate may have discounts that include new car, resident student, eSmart discount, senior citizen, EZ pay plan discount, and good student.
• Nationwide has discounts for good student, Farm Bureau membership, business or organization, accident-free, anti-theft, defensive driving, and multi-policy.
• MetLife includes discounts for good driver, good student, claim-free, defensive driver, accident-free, multi-policy

When getting free insurance quotes, it’s a good idea to every prospective company how many discounts you can get. All car insurance discounts may not apply to policies in your area. For a list of companies that offer some of these discounts, click this link.

When to get professional advice

When choosing adequate coverage for your personal vehicles, there is no one size fits all plan. Your needs are not the same as everyone else’s.

For example, these questions might point out if you could use an agent’s help.

• Why does it cost so much to insure a teen driver?
• Should I buy additional glass protection?
• When would I need rental car insurance?
• Can I rate high risk drivers on liability-only vehicles?
• Am I missing any policy discounts?
• Do I really need UM/UIM coverage?
• Is my trailer covered?
• What is an SR-22 filing?
• Am I covered if I drive in a foreign country?
• What is the ISO rating for a 2001 Chevy Silverado 2500?

If you can’t answer these questions, you might consider talking to an insurance agent. To find an agent in your area, fill out this quick form.

Car insurance coverage information

Understanding the coverages of a auto insurance policy can be of help when determining the right coverages and the correct deductibles and limits. The terms used in a policy can be impossible to understand and nobody wants to actually read their policy.

Collision coverage – Collision coverage pays for damage to your Silverado 2500 caused by collision with another car or object. You will need to pay your deductible then the remaining damage will be paid by your insurance company.

Collision coverage pays for claims like scraping a guard rail, sustaining damage from a pot hole, hitting a mailbox and crashing into a ditch. Collision coverage makes up a good portion of your premium, so consider dropping it from vehicles that are 8 years or older. You can also bump up the deductible to bring the cost down.

Liability coverage – Liability insurance protects you from damage or injury you incur to a person or their property. This coverage protects you from legal claims by others. Liability doesn’t cover your own vehicle damage or injuries.

It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show policy limits of 50/100/50 which means a $50,000 limit per person for injuries, a per accident bodily injury limit of $100,000, and a limit of $50,000 paid for damaged property.

Liability can pay for things such as medical expenses, bail bonds, attorney fees and emergency aid. How much coverage you buy is your choice, but buy as much as you can afford.

Comprehensive insurance – This coverage pays for damage OTHER than collision with another vehicle or object. A deductible will apply then your comprehensive coverage will pay.

Comprehensive coverage protects against things like rock chips in glass, damage from a tornado or hurricane and hitting a bird. The highest amount you’ll receive from a claim is the ACV or actual cash value, so if the vehicle’s value is low consider dropping full coverage.

Med pay and Personal Injury Protection (PIP) – Personal Injury Protection (PIP) and medical payments coverage provide coverage for short-term medical expenses for things like funeral costs, pain medications, hospital visits, chiropractic care and dental work. They are often utilized in addition to your health insurance policy or if you are not covered by health insurance. They cover all vehicle occupants as well as if you are hit as a while walking down the street. Personal Injury Protection is only offered in select states and may carry a deductible

Uninsured/Underinsured Motorist (UM/UIM) – Your UM/UIM coverage protects you and your vehicle from other motorists when they either have no liability insurance or not enough. Covered losses include medical payments for you and your occupants as well as damage to your Chevy Silverado 2500.

Due to the fact that many drivers carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages should not be overlooked.