Lower Your 2015 Chevrolet Silverado 2500HD Insurance Cost

Searching for lower insurance rates for your Chevrolet Silverado 2500HD? Wish you could get out of an underperforming, overpriced insurance policy? It’s a common feeling and there are lots of people in the same boat. Big-name insurance companies like State Farm, Geico and Farmers Insurance all claim big savings with advertising and it is challenging if not impossible to see through the cute green geckos and mayhem and effectively compare rates to find the best deal.

You should make it a habit to compare prices periodically because insurance rates change frequently. Just because you found the lowest premium rates on SilveradoHD coverage at your last renewal the chances are good that you can find a lower price today. You can find a lot of wrong information about insurance on the web, but in this article, you’re going to get some solid techniques on how to lower your insurance bill.

Don’t overlook these insurance discounts

Insurance is neither fun to buy or cheap, but you can get discounts that you may not even know about. A few discounts will automatically apply when you purchase, but some discounts are required to be specifically requested before you will receive the discount.

  • E-sign Discounts – A handful of larger companies may give you up to $50 just for signing your application on your computer.
  • Student Discount for Driver Training – Cut your cost by having your teen driver complete a driver education course if offered at their school.
  • Switch and Save Discount – A few insurance companies allow discounts for renewing your policy early. It can save you around 10%.
  • Service Members Pay Less – Being deployed in the military could trigger a small discount.
  • Anti-lock Brake Discount – Cars with ABS and/or traction control are safer to drive and therefore earn up to a 10% discount.
  • Discounts for Seat Belt Usage – Buckling up and requiring all passengers to use their safety belts can save up to 15% on the medical payments or PIP coverage costs.
  • Multi-Vehicle Discounts – Buying a policy with multiple cars or trucks on a single policy can reduce rates for all insured vehicles.
  • Distant Student – Any of your kids who live away from home at college and do not have a car can be insured at a reduced rate.

It’s important to note that many deductions do not apply to the entire policy premium. The majority will only reduce the price of certain insurance coverages like liability and collision coverage. Just because you may think it’s possible to get free car insurance, that’s just not realistic.

Companies and some of the premium reductions they offer are outlined below.

  • Farm Bureau offers discounts for safe driver, renewal discount, good student, youthful driver, and 55 and retired.
  • State Farm may offer discounts for passive restraint, driver’s education, multiple autos, student away at school, Drive Safe & Save, and good driver.
  • Progressive includes discounts for homeowner, multi-policy, online quote discount, multi-vehicle, good student, and online signing.
  • Allstate offers premium reductions for utility vehicle, early signing, eSmart discount, premier discount, and multi-policy.
  • Nationwide has discounts for easy pay, accident-free, defensive driving, multi-policy, and family plan.
  • MetLife discounts include good driver, defensive driver, good student, claim-free, accident-free, multi-policy

Before you buy a policy, ask each company or agent how you can save money. All car insurance discounts might not be offered on policies in your area. If you would like to see a list of providers that provide some of the discounts listed above, click here to view.

When to get professional advice

When buying the best auto insurance coverage for your personal vehicles, there isn’t really a “best” method to buy coverage. Every insured’s situation is different so your insurance should reflect that For example, these questions may help you determine if you may require specific advice.

  • Do I need added coverage for expensive stereo equipment?
  • Are my friends covered when driving my car?
  • Am I covered if hit by an uninsured driver?
  • Should I have combined single limit or split liability limits?
  • Can I afford low physical damage deductibles?
  • Do I have any recourse if my insurance company denies a claim?
  • Do I have coverage for damage caused while driving under the influence?
  • Do I pay less if my vehicle is kept in my garage?

If it’s difficult to answer those questions, you might consider talking to an agent. If you don’t have a local agent, complete this form or click here for a list of auto insurance companies in your area. It’s fast, free and can help protect your family.

Detailed coverages of your insurance policy

Knowing the specifics of a insurance policy helps when choosing which coverages you need for your vehicles. The terms used in a policy can be impossible to understand and coverage can change by endorsement. Below you’ll find typical coverage types available from insurance companies.

Auto liability – Liability coverage will cover damages or injuries you inflict on people or other property that is your fault. This coverage protects you from legal claims by others. Liability doesn’t cover your own vehicle damage or injuries.

Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show values of 50/100/50 which stand for a limit of $50,000 per injured person, $100,000 for the entire accident, and a limit of $50,000 paid for damaged property.

Liability can pay for claims such as court costs, emergency aid, medical expenses and repair bills for other people’s vehicles. How much liability coverage do you need? That is a personal decision, but you should buy higher limits if possible.

Med pay and Personal Injury Protection (PIP) – Personal Injury Protection (PIP) and medical payments coverage provide coverage for immediate expenses like doctor visits, surgery, hospital visits and ambulance fees. They are often utilized in addition to your health insurance policy or if you do not have health coverage. They cover not only the driver but also the vehicle occupants as well as being hit by a car walking across the street. PIP is not an option in every state but it provides additional coverages not offered by medical payments coverage

Collision – Collision insurance pays to fix your vehicle from damage caused by collision with an object or car. A deductible applies then the remaining damage will be paid by your insurance company.

Collision insurance covers claims such as sustaining damage from a pot hole, hitting a mailbox and crashing into a building. Collision coverage makes up a good portion of your premium, so consider removing coverage from vehicles that are older. Another option is to raise the deductible in order to get cheaper collision rates.

Comprehensive insurance – This coverage covers damage caused by mother nature, theft, vandalism and other events. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for claims like theft, a broken windshield, damage from getting keyed and vandalism. The maximum amount you can receive from a comprehensive claim is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.

Uninsured/Underinsured Motorist (UM/UIM) – This coverage gives you protection when the “other guys” do not carry enough liability coverage. This coverage pays for injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.

Since a lot of drivers carry very low liability coverage limits, their limits can quickly be used up. This is the reason having UM/UIM coverage is a good idea.

You can do this!

As you go through the steps to switch your coverage, it’s a bad idea to skimp on critical coverages to save a buck or two. In many instances, drivers have reduced liability limits or collision coverage only to discover later they didn’t purchase enough coverage. Your goal is to find the BEST coverage for the lowest price, not the least amount of coverage.

Budget-friendly insurance is available both online and with local insurance agents, and you should compare rates from both so you have a total pricing picture. There are still a few companies who do not provide online rate quotes and usually these regional insurance providers provide coverage only through local independent agents.

More tips and info about insurance is available in these articles: