Compare 2004 Chevrolet Silverado 3500 Insurance Cost

Vehicle owners new to comparing insurance coverage rates on the internet may find locating affordable auto insurance can be quite difficult.

It’s a great practice to price shop coverage at least once a year because prices go up and down regularly. Even if you think you had the best deal for Silverado insurance two years ago you may be paying too much now. Block out anything you think you know about auto insurance because you’re going to get a crash course in the fastest way to lower your annual insurance bill.

Use discounts on insurance coverage

Companies that sell car insurance don’t always publicize the complete list of policy discounts very clearly, so here is a list a few of the more well known and the harder-to-find insurance coverage savings.

  • Seat Belts Save – Buckling up and requiring all passengers to fasten their seat belts could cut 10% or more off the personal injury premium cost.
  • Discount for Swiching Early – Some insurance companies provide a discount for signing up early. You can save around 10% with this discount.
  • Drive Less and Save – Driving less can earn cheaper premium rates.
  • Active Military Service – Being on active duty in the military could mean lower prices.
  • Defensive Driver Discount – Successfully completing a defensive driving class could possibly earn you a 5% discount and easily recoup the cost of the course.
  • Online Discount – Some of the larger companies will give a small break get auto insurance on the web.
  • Responsible Driver Discount – Drivers without accidents may receive a discount up to 45% for Silverado insurance than their less cautious counterparts.
  • Club Memberships – Having an affiliation with qualifying employment or professional organizations could earn you a nice discount on insurance coverage.
  • No Claims – Claim-free drivers get the best insurance coverage rates in comparison with drivers with a long claim history.
  • Payment Method – By paying your entire bill at once rather than spreading payments over time you may reduce your total bill.

As is typical with insurance, most of the big mark downs will not be given the the whole policy. Some only reduce specific coverage prices like medical payments or collision. Despite the fact that it seems like all the discounts add up to a free policy, company stockholders wouldn’t be very happy. But all discounts will bring down your policy premium.

A list of insurance coverage companies and a partial list of their discounts can be found below.

  • State Farm may offer discounts for accident-free, good student, driver’s education, safe vehicle, and defensive driving training.
  • Nationwide may include discounts for family plan, defensive driving, anti-theft, good student, and accident-free.
  • Geico discounts include multi-policy, defensive driver, multi-vehicle, anti-theft, military active duty, federal employee, and daytime running lights.
  • AAA offers premium reductions for education and occupation, multi-car, anti-theft, pay-in-full, good student, and AAA membership discount.
  • 21st Century offers discounts including theft prevention, driver training, automatic seat belts, defensive driver, and air bags.
  • The Hartford offers discounts for good student, bundle, anti-theft, vehicle fuel type, driver training, and air bag.

When comparing rates, check with each company or agent which discounts you qualify for. Some of the earlier mentioned discounts might not apply in every state. To choose insurance coverage companies that have a full spectrum of discounts, follow this link.

How to buy car insurance

Comparing car insurance rates can be exhausting if you don’t utilize the most efficient way. You could spend the better part of a day driving to local insurance agents in your area, or you could save time and use online quoting to get rate comparisons in just a few minutes.

The majority of car insurance companies enroll in a system where insurance shoppers complete one form, and every company returns a rated price based on that data. This saves time by eliminating repetitive form submissions to each company.

To find out what other companies charge click here to start a free quote.

The only downside to doing it this way is you don’t know exactly which carriers to get quotes from. If you prefer to choose specific insurance companies to request quotes from, we have a page of low cost car insurance companies in your area. Click here to view list.

It doesn’t matter which method you choose, just ensure you’re using the same coverages for each comparison quote. If you compare different data it will be nearly impossible to determine which rate is truly the best. Having just a slight variation in limits may cause a big price difference. Just remember that obtaining a wide range of quotes helps increase your odds of locating more affordable insurance. Not every company allows you to get quotes online, so it’s important to compare price estimates from them as well.

Tailor your car insurance coverage to you

When buying proper insurance coverage for your personal vehicles, there isn’t really a single plan that fits everyone. Coverage needs to be tailored to your specific needs.

For example, these questions could help you determine if your insurance needs will benefit from professional help.

  • Does insurance cover tools stolen from my truck?
  • What is PIP insurance?
  • Can I afford low physical damage deductibles?
  • Do I need roadside assistance coverage?
  • Am I covered by my spouse’s policy after a separation?
  • Am I covered if I crash into my own garage door?
  • Am I covered when driving in Canada or Mexico?

If you can’t answer these questions, then you may want to think about talking to a licensed agent. To find an agent in your area, complete this form.

Coverages available on your policy

Having a good grasp of your policy can help you determine the right coverages at the best deductibles and correct limits. The terms used in a policy can be difficult to understand and coverage can change by endorsement.

Comprehensive insurance

This coverage pays to fix your vehicle from damage OTHER than collision with another vehicle or object. A deductible will apply then your comprehensive coverage will pay.

Comprehensive can pay for things such as a tree branch falling on your vehicle, damage from getting keyed, damage from flooding, hitting a bird and theft. The maximum amount a auto insurance company will pay at claim time is the actual cash value, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

Med pay and Personal Injury Protection (PIP)

Coverage for medical payments and/or PIP pay for short-term medical expenses such as chiropractic care, funeral costs, hospital visits and EMT expenses. They are used in conjunction with a health insurance plan or if you lack health insurance entirely. Medical payments and PIP cover all vehicle occupants as well as being hit by a car walking across the street. PIP is not universally available but can be used in place of medical payments coverage

Collision protection

Collision coverage covers damage to your Silverado 3500 caused by collision with an object or car. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision insurance covers things like sideswiping another vehicle, crashing into a ditch, colliding with another moving vehicle and rolling your car. Collision is rather expensive coverage, so consider dropping it from lower value vehicles. Another option is to bump up the deductible to bring the cost down.

Uninsured/Underinsured Motorist (UM/UIM)

Your UM/UIM coverage provides protection when the “other guys” either are underinsured or have no liability coverage at all. It can pay for injuries sustained by your vehicle’s occupants as well as damage to your Chevy Silverado 3500.

Because many people have only the minimum liability required by law, their liability coverage can quickly be exhausted. So UM/UIM coverage is a good idea.

Liability insurance

Liability insurance protects you from damage that occurs to other people or property that is your fault. It protects you from claims by other people, and doesn’t cover your own vehicle damage or injuries.

Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. Your policy might show limits of 25/50/25 that translate to a limit of $25,000 per injured person, $50,000 for the entire accident, and a limit of $25,000 paid for damaged property.

Liability insurance covers claims like repair bills for other people’s vehicles, pain and suffering, legal defense fees, funeral expenses and bail bonds. The amount of liability coverage you purchase is a decision to put some thought into, but consider buying as large an amount as possible.

Final thoughts

Budget-friendly insurance can be purchased both online and with local insurance agents, so you should be comparing quotes from both so you have a total pricing picture. Some companies do not offer the ability to get quotes online and these regional insurance providers only sell through independent agencies.

Throughout this article, we presented a lot of information how to compare 2004 Chevy Silverado 3500 insurance premium rates online. The key concept to understand is the more price quotes you have, the better your comparison will be. Consumers may even find the best price on insurance is with a smaller regional carrier.

When buying insurance coverage, it’s very important that you do not buy lower coverage limits just to save a few bucks. There are too many instances where an accident victim reduced uninsured motorist or liability limits and found out when filing a claim that saving that couple of dollars actually costed them tens of thousands. Your aim should be to purchase plenty of coverage at the best cost and still be able to protect your assets.

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