2007 Chevrolet Silverado 3500 Classic Car Insurance Rates – 6 Tricks for Best Quotes

Did budget coverage turn out to be an expensive insurance policy? Don’t sweat it because many drivers have buyer’s remorse. Vehicle owners have many insurers to choose from, and although it’s nice to be able to choose, it can be more difficult to compare rates.

You should make it a habit to quote other rates before your policy renews because insurance prices are usually higher with each renewal. If you had the best rate for Silverado Classic insurance a year ago there may be better deals available now. You can find a lot of information about insurance online, but in just a couple of minutes you can learn some great ideas on how to lower your insurance premiums.

Get lower-cost insurance coverage with discounts

Companies offering auto insurance don’t list all disounts very well, so the list below details both the well known and the more hidden credits available to you.

  • Driver Education Discount – Reduce the cost of insurance for teen drivers by having them enroll in driver’s education if offered at their school.
  • Seat Belt Discounts – Drivers who require all occupants to wear their seat belts may be able to save a few bucks on the medical payments or PIP coverage costs.
  • Low Miles Discount – Driving less may enable drivers to earn slightly better prices than normal.
  • Passenger Safety Discount – Vehicles equipped with air bags or motorized seat belts can qualify for discounts up to 30%.
  • Drive Safe and Save – Safe drivers can save as much as half off their rates for Silverado Classic insurance than drivers with accident claims.
  • Braking Control Discount – Cars with ABS and/or traction control can avoid accidents and therefore earn up to a 10% discount.

A little disclaimer on discounts, most discounts do not apply to the overall cost of the policy. Most only reduce the price of certain insurance coverages like comp or med pay. So when the math indicates all those discounts means the company will pay you, you aren’t that lucky. Any amount of discount will help reduce the amount you have to pay.

A few of the larger companies and some of their more popular discounts are:

  • Farm Bureau discounts include 55 and retired, safe driver, good student, renewal discount, driver training, multi-vehicle, and youthful driver.
  • Liberty Mutual offers discounts including preferred payment discount, teen driver discount, safety features, hybrid vehicle, exclusive group savings, and new move discount.
  • State Farm policyholders can earn discounts including accident-free, Steer Clear safe driver discount, passive restraint, anti-theft, student away at school, driver’s education, and safe vehicle.
  • Auto-Owners Insurance may have discounts that include safe vehicle, company car, safe driver, student away at school, teen driver, and multi-policy.
  • Geico has discounts for multi-policy, federal employee, emergency military deployment, membership and employees, seat belt use, and five-year accident-free.
  • SAFECO may include discounts for anti-theft, teen safe driver, drive less, accident prevention training, and anti-lock brakes.

Before buying, ask each company which discounts you may be entitled to. Some discounts may not apply in your state.

Tailor your insurance coverage to you

When buying proper insurance coverage, there is no perfect coverage plan. Each situation is unique so your insurance should reflect that For instance, these questions could help you determine whether you will benefit from professional help.

  • Am I insured when driving a different vehicle?
  • When should my teen driver be added to my policy?
  • Exactly who is provided coverage by my policy?
  • How much underlying liability do I need for an umbrella policy?
  • How do I buy GAP insurance?
  • If my 2007 Chevy Silverado 3500 Classic is totaled, can I afford another vehicle?
  • Should I file a claim if it’s only slightly more than my deductible?
  • Do I need more liability coverage?
  • Where can I find high-risk insurance?

If you can’t answer these questions then you might want to talk to a licensed agent. If you don’t have a local agent, take a second and complete this form or you can also visit this page to select a carrier It only takes a few minutes and may give you better protection.

Coverage specifics

Learning about specific coverages of car insurance can be of help when determining the best coverages and the correct deductibles and limits. The coverage terms in a policy can be difficult to understand and reading a policy is terribly boring. Listed below are typical coverages found on most car insurance policies.

Liability

This coverage protects you from damages or injuries you inflict on people or other property that is your fault. It protects you against other people’s claims, and does not provide coverage for damage sustained by your vehicle 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. You commonly see liability limits of 100/300/100 that translate to a $100,000 limit per person for injuries, a total of $300,000 of bodily injury coverage per accident, and property damage coverage for $100,000.

Liability can pay for claims such as funeral expenses, structural damage, pain and suffering, court costs and repair bills for other people’s vehicles. The amount of liability coverage you purchase is a personal decision, but you should buy as much as you can afford.

Uninsured and underinsured coverage

This coverage gives you protection when the “other guys” either have no liability insurance or not enough. Covered claims include injuries to you and your family and damage to your Chevy Silverado 3500 Classic.

Since a lot of drivers only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is a good idea.

Coverage for medical payments

Personal Injury Protection (PIP) and medical payments coverage kick in for short-term medical expenses for things like prosthetic devices, doctor visits and rehabilitation expenses. They can be used to fill the gap from your health insurance policy or if there is no health insurance coverage. They cover not only the driver but also the vehicle occupants and will also cover being hit by a car walking across the street. Personal Injury Protection is not an option in every state but it provides additional coverages not offered by medical payments coverage

Auto collision coverage

Collision coverage will pay to fix damage to your Silverado 3500 Classic caused by collision with another vehicle or an object, but not an animal. A deductible applies then your collision coverage will kick in.

Collision coverage pays for claims like scraping a guard rail, crashing into a building, colliding with a tree, sustaining damage from a pot hole and crashing into a ditch. Collision coverage makes up a good portion of your premium, so you might think about dropping it from lower value vehicles. You can also bump up the deductible to get cheaper collision coverage.

Comprehensive coverages

Comprehensive insurance covers damage from a wide range of events other than collision. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for things such as vandalism, fire damage, damage from flooding, damage from getting keyed and theft. The most you can receive from a comprehensive claim is the cash value of the vehicle, so if the vehicle’s value is low consider removing comprehensive coverage.

A penny saved is a penny earned

In this article, we covered a lot of information how to save on 2007 Chevy Silverado 3500 Classic insurance. The key thing to remember is the more times you quote, the better chance you’ll have of finding the cheapest auto insurance. You may even discover the most savings is with an unexpected company. Smaller companies may often insure only within specific states and give getter rates than their larger competitors like State Farm or Progressive.

As you prepare to switch companies, never skimp on coverage in order to save money. There are a lot of situations where an accident victim reduced liability coverage limits only to find out that the small savings ended up costing them much more. Your goal is to buy enough coverage for the lowest cost but still have enough coverage for asset protection.

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