Lower Your 2004 Chevrolet Silverado 2500 Car Insurance Cost

Finding cheaper insurance coverage quotes online could seem overwhelming since most people haven’t used online price quotes. But don’t be intimidated because finding more affordable prices is actually fairly simple.

If you currently have car insurance, you should be able to cut costs considerably using this strategy. The purpose of this article is to introduce you to how to effectively get price quotes. But car owners must learn the way insurance companies sell insurance online and use this information to your advantage.

How to get affordable insurance coverage

To find cheap prices, there are a couple of ways of comparing price quotes from many insurance coverage companies in your state. The fastest way to lower the rate you pay for 2004 Chevy Silverado 2500 insurance is to jump online and get quotes. This is very easy and can be done by using one of the methods below.

  • The most recommended method to find the lowest comparison rates is an all-inclusive rate comparison like this one (opens in new window). This style of form prevents you from having to do a different quote for each company you want a rate for. Completing one form gets you price quotes from many national carriers. Recommended for those who want to invest the least amount of time.
  • A more time consuming way to compare prices consists of going to each company website and complete a new quote form. For example, we’ll assume you need rates from Liberty Mutual, Farmers and Geico. You would need to go to every website and repeatedly type in your coverage information, which is why first method is reommended.

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

The method you choose is up to you, but compare nearly identical coverage limits and deductibles on every quote. If each company quotes different data you will not be able to truly determine the lowest rate. Just a small difference in limits can make a big difference in price. And when price shopping your coverage, comparing more rates from different companies will improve the odds of getting better pricing.

Cheap auto insurance rates with discounts

Auto insurance can be pricey, but there’s a good chance there are discounts that can dramatically reduce your bill. Certain discounts will be triggered automatically when you quote, but a few need to be manually applied before you will receive the discount. If they aren’t giving you every credit possible, you’re paying more than you need to.

  • Membership in Organizations – Having an affiliation with qualifying clubs or civic groups can get you a small discount on your next auto insurance statement.
  • Anti-theft Discount – Cars and trucks that have factory anti-theft systems can help prevent theft and will save you 10% or more.
  • Cautious Drivers – Safe drivers may save up to 50% more on Silverado coverage compared to rates paid by drivers with frequent claims.
  • Senior Citizens – If you’re over the age of 55, you may be able to get a small discount on rates on Silverado coverage.
  • Discount for Passive Restraints – Factory air bags or motorized seat belts may get savings of more than 20%.
  • Paperless Signup – Some of the larger companies give back up to $50 simply for signing on their website.
  • Drive Less and Save – Low annual miles could qualify for discounted prices on garaged vehicles.
  • Discount for Life Insurance – Larger insurance companies have a discount if you purchase auto and life insurance together.

A little note about advertised discounts, most discount credits are not given the the whole policy. A few only apply to specific coverage prices like liability, collision or medical payments. Even though the math looks like you can get free auto insurance, companies wouldn’t make money that way. But any discount will cut your policy premium.

Auto insurance companies that may include these discounts include:

When quoting, ask each company or agent which discounts can lower your rates. Some discounts listed above may not be offered in your state. To see a list of insurance companies that have a full spectrum of discounts, click this link.

Tailor your insurance coverage to you

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

For example, these questions can help discover whether or not you would benefit from professional advice.

  • Will filing a claim cost me more?
  • Why is insurance for a teen driver so high?
  • Do I have newly-aquired coverage?
  • What can I do if my company denied a claim?
  • Who is covered by my policy?
  • Does my car insurance cover rental cars?
  • I have health insurance so do I need medical payments coverage?
  • Am I covered if hit by an uninsured driver?

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.

The coverage is in the details

Understanding the coverages of car insurance helps when choosing the best coverages for your vehicles. The coverage terms in a policy can be ambiguous and even agents have difficulty translating policy wording.

Collision coverages – This pays for damage to your Silverado 2500 caused by collision with a stationary object or other vehicle. You will need to pay your deductible and then insurance will cover the remainder.

Collision coverage protects against things like sideswiping another vehicle, damaging your car on a curb, crashing into a building 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. It’s also possible to choose a higher deductible in order to get cheaper collision rates.

Comprehensive protection – Comprehensive insurance pays to fix your vehicle from damage from a wide range of events other than collision. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for claims like damage from getting keyed, fire damage and falling objects. The highest amount your car insurance company will pay is the actual cash value, so if it’s not worth much more than your deductible consider dropping full coverage.

Medical expense coverage – Personal Injury Protection (PIP) and medical payments coverage kick in for immediate expenses such as pain medications, doctor visits and EMT expenses. The coverages can be used in conjunction with a health insurance policy or if there is no health insurance coverage. Coverage applies to not only the driver but also the vehicle occupants in addition to being hit by a car walking across the street. PIP is not universally available but it provides additional coverages not offered by medical payments coverage

Uninsured or underinsured coverage – Uninsured or Underinsured Motorist coverage provides protection when the “other guys” either have no liability insurance or not enough. This coverage pays for medical payments for you and your occupants as well as your vehicle’s damage.

Because many people only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family.

Liability coverages – This coverage can cover damage that occurs to other people or property in an accident. It protects YOU against claims from other people. It does not 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. You commonly see policy limits of 50/100/50 that means you have $50,000 in coverage for each person’s injuries, a per accident bodily injury limit of $100,000, and $50,000 of coverage for damaged propery.

Liability insurance covers things such as legal defense fees, medical services, medical expenses, court costs and repair bills for other people’s vehicles. The amount of liability coverage you purchase is a decision to put some thought into, but it’s cheap coverage so purchase as much as you can afford.

More choices the merrier

Insureds who switch companies do it for many reasons like delays in responding to claim requests, lack of trust in their agent, an unsatisfactory settlement offer and high rates after DUI convictions. Whatever your reason, finding a great new company is pretty simple and you could end up saving a buck or two.

When you buy insurance coverage online, it’s not a good idea to reduce needed coverages to save money. There have been many situations where someone dropped uninsured motorist or liability limits only to discover later that it was a big error on their part. Your goal is to find the BEST coverage for the lowest cost, but do not sacrifice coverage to save money.

More affordable auto insurance is available online as well as from independent agents, so you should compare both in order to have the best price selection to choose from. There are still a few companies who may not provide internet price quotes and many times these regional carriers provide coverage only through local independent agents.

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