2016 Chevrolet Silverado 3500HD Car Insurance Rates

Searching for the cheapest insurance rates for your Chevrolet Silverado 3500HD? Locating the cheapest insurance for a Chevy Silverado 3500HD can turn out to be a lot of work, but you can learn these tips to save time. There are more efficient ways to find insurance online so you’re going to learn the proper way to price shop coverage for a Chevy and get the cheapest rates from both online companies and local agents.

Choosing the best insurance company for you is not that difficult. If you are insured now or are looking for a new policy, you can use these techniques to shop for the lowest rates and still get good coverage. Drivers just need to understand the tricks to buy insurance on the web.

Chevy Silverado 3500HD insurance premiums can be reduced

Lots of factors are used in the calculation when pricing auto insurance. Some factors are common sense like your driving record, although others are not as apparent such as your marital status or how safe your car is.A large part of saving on auto insurance is knowing a few of the rating criteria that help determine your policy premiums. If you have a feel for what determines base rates, this enables informed choices that will entitle you to much lower annual insurance costs.

  • Alarms and GPS tracking lower auto insurance rates – Owning a car that has a built-in theft deterrent system can save you a little every year. Anti-theft devices like OnStar found on GM vehicles, advanced tracking like LoJack, and vehicle immobilization systems all help prevent your car from being stolen.
  • No policy lapses saves money – Driving any period of time without insurance can get you a ticket and auto insurance companies will penalize you for letting your insurance expire. In addition to paying higher rates, failure to provide proof of insurance may result in a revoked license or a big fine. You may need to submit proof of financial responsibility or a SR-22 with your state motor vehicle department.
  • Urban areas may pay more – Residing in a rural area has definite advantages when insuring your vehicles. People who live in big cities tend to have much more traffic and a longer drive to work. Fewer people translates into fewer accidents and also fewer theft and vandalism claims.
  • A good credit rating can save money – Credit history can be a huge factor in determining what you pay. People that have good credit tend to be more responsible than drivers with poor credit. So if your credit history could use some work, you could save money insuring your 2016 Chevrolet Silverado 3500HD by improving your rating.
  • Lower rates come with age – Drivers with little experience are statistically shown to be inattentive and easily distracted in a vehicle therefore auto insurance rates are much higher. Older drivers tend to be more responsible, file fewer claims , and are generally more financially stable.
  • Getting married pays dividends – Having a spouse may save some money on your auto insurance bill. Having a significant other may mean you are more financially stable and insurance companies reward insureds because married drivers tend to have fewer serious accidents.
  • Better prices on safer cars – Cars with five star safety ratings can get you lower premiums. These vehicles have better occupant injury protection and better occupant protection means less money paid by your insurance company and lower rates for you. If your Chevy scored at minimum four stars on Safercar.gov you are probably receiving a discount.
  • Gender impacts rates – Over the last 30 years, statistics show that females take fewer risks when driving. However, this does not mean women are BETTER drivers than men. Men and women are responsible for accidents in similar percentages, but the males tend to have more serious accidents. Men also statistically get more serious tickets such as DWI and reckless driving.

Do you qualify for discounts?

The price of auto insurance can be rather high, but there may be some discounts that can help lower your rates. Certain discounts will be applied when you purchase, but once in a while a discount must be inquired about before you get the savings.

  • Service Members Pay Less – Having an actively deployed family member may lower your rates slightly.
  • Smart Student Discounts – Excelling in school may save you up to 25%. The good student discount can last up until you turn 25.
  • Discounts for Cautious Drivers – Insureds who avoid accidents can save up to 40% or more on their insurance quote on SilveradoHD coverage than their less cautious counterparts.
  • Passive Restraints and Air Bags – Vehicles equipped with air bags may earn rate discounts of 20 to 30 percent.
  • Drive Less and Save – Low annual miles may allow you to get better premium rates on cars that stay parked.
  • Membership in Organizations – Being in qualifying employment or professional organizations could earn you a nice discount on your bill.
  • Safety Course Discount – Completing a safe driver course could cut 5% off your bill and make you a better driver.
  • Drivers Ed for Students – Have your child participate in a local driver’s education class if it’s offered in school.
  • Seat Belts Save – Drivers who require all vehicle occupants to use a seat belt can save 10% or more on the medical payments or PIP coverage costs.

A little note about advertised discounts, some credits don’t apply to your bottom line cost. Some only apply to the price of certain insurance coverages like medical payments or collision. Just because you may think adding up those discounts means a free policy, it just doesn’t work that way.

Car insurance companies that may offer policyholders some of the above discounts may include but are not limited to:

Double check with each company or agent what discounts are available to you. A few discounts might not be offered in your area. To find insurance coverage companies that offer some of these discounts, click here to view.

Are insurance coverage companies telling the truth?

Drivers can’t get away from ads that promise big savings for switching by companies like 21st Century, Allstate and State Farm. They all seem to make the point of big savings if you change to their company.

But how can every company charge lower premium rates? This is the way they can do it.

Insurance coverage companies have a certain “appetite” for the right customer that will not have excessive claims. A good example of a profitable risk profile should be between the ages of 30 and 45, is a homeowner, and insures a new vehicle. A propective insured who fits that profile will get the preferred car insurance rates and is almost guaranteed to save quite a bit of money when switching.

Potential insureds who may not quite match these standards will be charged a more expensive rate which leads to the driver buying from a lower-cost company. If you pay attention, the ads say “drivers who switch” not “everybody who quotes” can save as much as they claim. That’s why companies can truthfully state the savings. Because each company has a different risk profile, you should get price quotes at each policy renewal. It’s just too difficult to predict the company that will have the lowest rates for your situation.

Don’t assume everyone needs the same car insurance coverage

When buying the right insurance coverage, there isn’t really a “perfect” insurance plan. Everyone’s needs are different.

Here are some questions about coverages that might help in determining whether you might need an agent’s assistance.

  • Am I covered if my car is in a flood?
  • How much liability do I need to cover my assets?
  • Do I need PIP (personal injury protection) coverage in my state?
  • How much liability insurance is required?
  • Which companies will insure high-risk drivers?
  • Do I have coverage for damage caused while driving under the influence?
  • How can I force my company to pay a claim?
  • Can I get a multi-policy discount?

If it’s difficult to answer those questions but one or more may apply to you, you might consider talking to an insurance agent. To find lower rates from a local agent, simply complete this short form. It is quick, free and can provide invaluable advice.

Auto insurance coverages explained

Knowing the specifics of a auto insurance policy helps when choosing appropriate coverage at the best deductibles and correct limits. Policy terminology can be difficult to understand and reading a policy is terribly boring.

Coverage for collisions

This pays for damage to your Silverado 3500HD caused by collision with another car or object. You first must pay a deductible then your collision coverage will kick in.

Collision coverage protects against claims such as crashing into a building, rolling your car and backing into a parked car. This coverage can be expensive, so consider removing coverage from vehicles that are 8 years or older. You can also increase the deductible to get cheaper collision coverage.

Medical payments coverage and PIP

Personal Injury Protection (PIP) and medical payments coverage kick in for bills such as doctor visits, hospital visits, funeral costs and dental work. They are used to fill the gap from your health insurance policy or if there is no health insurance coverage. Medical payments and PIP cover both the driver and occupants and will also cover getting struck while a pedestrian. PIP is not an option in every state but it provides additional coverages not offered by medical payments coverage

Liability coverages

This coverage will cover injuries or damage you cause to a person or their property. It protects you against claims from other people, and does not provide coverage for damage to your own property or vehicle.

Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. You commonly see values of 50/100/50 that translate to $50,000 in coverage for each person’s injuries, a per accident bodily injury limit of $100,000, and a total limit of $50,000 for damage to vehicles and property.

Liability coverage pays for claims such as legal defense fees, attorney fees, pain and suffering and bail bonds. How much liability should you purchase? That is a personal decision, but consider buying as high a limit as you can afford.

Uninsured/Underinsured Motorist coverage

This coverage gives you protection when other motorists either are underinsured or have no liability coverage at all. This coverage pays for injuries to you and your family as well as damage to your 2016 Chevy Silverado 3500HD.

Since many drivers have only the minimum liability required by law, their limits can quickly be used up. So UM/UIM coverage is a good idea.

Comprehensive coverage

This pays for damage that is not covered by collision coverage. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive coverage pays for things like a tree branch falling on your vehicle, vandalism, hail damage, damage from getting keyed and falling objects. The maximum amount you’ll receive from a claim is the cash value of the vehicle, so if the vehicle’s value is low consider dropping full coverage.

Buy online or local, you save

A few companies don’t offer rate quotes online and usually these small insurance companies provide coverage only through independent agents. Low-cost 2016 Chevy Silverado 3500HD insurance is attainable online in addition to many insurance agents, and you should compare rates from both to have the best selection.

Drivers who switch companies do it for a number of reasons such as not issuing a premium refund, denial of a claim, high prices and even delays in paying claims. It doesn’t matter why you want to switch choosing a new company can be pretty painless.

As you restructure your insurance plan, make sure you don’t buy lower coverage limits just to save a few bucks. There have been many situations where an insured cut liability limits or collision coverage and learned later that the savings was not a smart move. The aim is to buy the best coverage you can find for the lowest price.

To learn more, feel free to visit the articles below: