2003 Chevrolet Silverado 2500 Insurance Cost – 6 Ideas for Best Prices

Searching for the cheapest insurance for your Chevy Silverado 2500 can turn out to be an all-consuming task, but you can follow our car insurance buying tips to save time.

There is a right way and a wrong way to buy car insurance so we’re going to tell you the quickest way to price shop coverage for your Chevy and find the cheapest rates.

Consumers should take time to check car insurance prices occasionally due to the fact that insurance prices trend upward over time. Just because you had the best rates for Silverado insurance on your last policy the chances are good that you can find a lower premium rate today. Forget anything you know (or think you know) about car insurance because it’s time to teach you one of the best ways to find better rates and still maintain coverage.

Locating the best protection can be fairly easy. If you have a policy now or are looking for a new policy, you can learn to cut your premiums and possibly find even better coverage. Vehicle owners just need to know the best way to buy insurance online.

How to get free car insurance quotes online

Finding a better price on car insurance can be relatively painless. All you need to do is invest a little time comparing rate quotes from some recommended companies. You can get a good selection of rate quotes by using one of the methods below.

  • The simplest way to find low rates would be an industry-wide quote request form (click to open form in new window). This type of form prevents you from having to do boring form submissions for each company you want a rate for. Taking the time to complete one form will get you rate comparisons from multiple low-cost companies. This is by far the quickest method.
  • A different way to obtain and compare quotes online is to take the time to go to the website of each company and request a quote. For example, let’s say you want to compare rates from Auto-Owners, Progressive and Farmers. To do that, you would have to spend time on each company’s site to enter your coverage information, and that explains why we recommend the first method. For a handy list of car insurance company links in your area, click here.

Whichever way you use, compare exactly the same information on every quote. If each company quotes mixed coverages it’s impossible to truly determine the lowest rate.

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Cheaper auto insurance rates with discounts

Some providers don’t always list all disounts very well, so the list below details a few of the more well known and the harder-to-find credits that you can use to lower your rates.

  • Waiver for an Accident – Not necessarily a discount, but some companies like Allstate and Geico permit an accident without raising rates with the catch being you have to be claim-free before the accident.
  • Sign Early and Save – Some auto insurance companies give discounts for buying a new policy prior to your current policy expiring. This can save 10% or more.
  • Anti-lock Brakes – Cars with ABS and/or traction control prevent accidents and the ABS can save up to 10%.
  • No Claim Discounts – Drivers who stay claim-free are rewarded with significantly better rates on insurance coverage quote when compared to accident-prone drivers.
  • Pay Early and Save – If you pay your entire premium ahead of time rather than paying monthly you could save 5% or more.
  • Discounts for Government Workers – Having worked for a branch of the government could provide a small rate reduction for Silverado insurance with a few auto insurance companies.

Drivers should understand that most discounts do not apply to all coverage premiums. The majority will only reduce specific coverage prices like liability, collision or medical payments. So when the math indicates all those discounts means the company will pay you, you won’t be that lucky.

Large auto insurance companies and a partial list of their discounts are outlined below.

  • Geico policyholders can earn discounts including anti-theft, emergency military deployment, air bags, multi-policy, good student, daytime running lights, and membership and employees.
  • SAFECO offers premium reductions for bundle discounts, accident prevention training, teen safety rewards, anti-theft, anti-lock brakes, and multi-car.
  • State Farm may offer discounts for defensive driving training, multiple autos, Steer Clear safe driver discount, accident-free, and safe vehicle.
  • MetLife has discounts for multi-policy, claim-free, good driver, defensive driver, good student, and accident-free.
  • 21st Century may include discounts for driver training, teen driver, homeowners, air bags, automatic seat belts, and theft prevention.
  • Progressive discounts include multi-policy, homeowner, multi-vehicle, good student, continuous coverage, online signing, and online quote discount.

Double check with each insurance company which discounts you qualify for. Depending on the company, some discounts might not be offered in your area.

Tailor your insurance coverage to you

When buying proper insurance coverage for your vehicles, there really is no “best” method to buy coverage. Each situation is unique.

These are some specific questions can help discover if your situation would benefit from professional advice.

  • Does my insurance cover a custom paint job?
  • Do I need higher collision deductibles?
  • Can I drive in Mexico and have coverage?
  • Exactly who is provided coverage by my policy?
  • Where can I get insurance after a DUI in my state?
  • Do all my vehicles need collision coverage?
  • Do I need PIP (personal injury protection) coverage in my state?
  • What is high-risk coverage and where do I buy it?

If you’re not sure about those questions but a few of them apply then you might want to talk to a licensed agent. If you want to speak to an agent in your area, take a second and complete this form. It’s fast, free and you can get the answers you need.

Coverages available on your insurance policy

Having a good grasp of your insurance policy can be of help when determining the best coverages for your vehicles. The coverage terms in a policy can be confusing and even agents have difficulty translating policy wording.

Collision insurance

Collision coverage covers damage to your Silverado 2500 caused by collision with another vehicle or an object, but not an animal. You first must pay a deductible then your collision coverage will kick in.

Collision coverage protects against things like colliding with another moving vehicle, driving through your garage door, crashing into a ditch, crashing into a building and rolling your car. This coverage can be expensive, so consider dropping it from older vehicles. It’s also possible to choose a higher deductible in order to get cheaper collision rates.

Uninsured or underinsured coverage

This coverage protects you and your vehicle’s occupants when other motorists are uninsured or don’t have enough coverage. Covered claims include injuries to you and your family as well as your vehicle’s damage.

Since many drivers only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important. Frequently your uninsured/underinsured motorist coverages are identical to your policy’s liability coverage.

Coverage for liability

This coverage will cover damage or injury you incur to a person or their property in an accident. Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show policy limits of 25/50/25 that translate to $25,000 in coverage for each person’s injuries, a per accident bodily injury limit of $50,000, and a total limit of $25,000 for damage to vehicles and property. Alternatively, you may have a combined limit which limits claims to one amount and claims can be made without the split limit restrictions.

Liability can pay for things like medical services, attorney fees, legal defense fees and emergency aid. The amount of liability coverage you purchase is a personal decision, but it’s cheap coverage so purchase as large an amount as possible.

Medical expense coverage

Med pay and PIP coverage kick in for bills for things like surgery, dental work and prosthetic devices. They are often utilized in addition to your health insurance plan or if you do not have health coverage. They cover all vehicle occupants as well as getting struck while a pedestrian. PIP is not an option in every state and gives slightly broader coverage than med pay

Comprehensive protection

This pays to fix your vehicle from damage from a wide range of events other than collision. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage pays for claims like hitting a bird, fire damage and damage from a tornado or hurricane. The highest amount a insurance company will pay at claim time is the actual cash value, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.

Get your money’s worth

We just showed you a lot of ways to compare 2003 Chevy Silverado 2500 insurance prices online. The most important thing to understand is the more providers you compare, the better your chances of lowering your rates. Drivers may discover the lowest priced insurance coverage comes from an unexpected company.

Cheaper insurance coverage is available on the web in addition to many insurance agents, so you should compare both in order to have the best chance of saving money. There are still a few companies who may not provide rates over the internet and these regional insurance providers work with independent agencies.

Consumers change insurance companies for many reasons like being labeled a high risk driver, delays in responding to claim requests, questionable increases in premium and high prices. No matter why you want to switch, finding a new company is actually quite simple.

To learn more, link through to the articles below:

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