2018 Chevrolet Silverado 2500HD Insurance Rates – 6 Tips for Best Quotes

Want lower insurance rates for your Chevrolet Silverado 2500HD? Did a good deal turn into overpriced insurance? Don’t sweat it because you’re not the only one. Companies like Geico, Farmers Insurance and State Farm all claim big savings, bombarding you with advertising and it is difficult to see past the geckos and flying pigs and effectively compare rates to find the best deal.

If you have a current car insurance policy or need a new policy, you will benefit by learning to find the best rates and possibly find even better coverage. Buying car insurance is not rocket science. Consumers just need to know the proper way to compare rates online.

Do you qualify for these six discounts?

Some companies don’t always list every possible discount very clearly, so the following is a list of a few of the more well known and the harder-to-find car insurance savings.

  • Accident Waiver – but some insurance companies will forgive one accident before your rates go up as long as you don’t have any claims before the accident.
  • Driver’s Education for Students – It’s a good idea to have your young drivers participate in a local driver’s education class if it’s offered in school.
  • Early Signing – Select insurance companies give a discount for switching to them prior to your current policy expiration. You can save around 10% with this discount.
  • Braking Control Discount – Cars that have anti-lock braking systems have fewer accidents so you can save 10 percent or more.
  • Policy Bundle Discount – When you combine your home and auto insurance with the same company you could earn a discount of 10% to 20% off each policy.
  • Home Ownership Discount – Being a homeowner may earn you a small savings because maintaining a house requires a higher level of personal finance.

One thing to note about discounts is that most of the big mark downs will not be given to all coverage premiums. Most only apply to the cost of specific coverages such as comp or med pay. Even though it appears all those discounts means the company will pay you, it’s just not the way it works.

A partial list of companies who might offer these discounts include:

If you want cheaper car insurance quotes, ask each insurance company which discounts you may be entitled to. Some discounts may not apply to policyholders everywhere.

Don’t assume everyone needs the same insurance coverage coverage

When buying the right insurance coverage for your personal vehicles, there really is no “perfect” insurance plan. Each situation is unique so this has to be addressed. For example, these questions can help discover whether or not you might need an agent’s assistance.

  • When should I remove comp and collision on my 2018 Chevy Silverado 2500HD?
  • Do I need special endorsements for business use of my vehicle?
  • Do I need PIP (personal injury protection) coverage in my state?
  • Is my business laptop covered if it gets stolen from my vehicle?
  • Does my 2018 Chevy Silverado 2500HD need full coverage?
  • I don’t drive much so do I pay less?
  • How high should my medical payments coverage be?
  • Is borrowed equipment or tools covered if stolen or damaged?
  • At what point should I drop full coverage?

If you can’t answer these questions but you know they apply to you, you might consider talking to an agent. If you don’t have a local agent, simply complete this short form or click here for a list of insurance coverage companies in your area. It is quick, free and you can get the answers you need.

Smaller companies may have the best rates

Consumers get pounded daily by advertisements for the lowest price auto insurance by Allstate and Progressive. They all seem to try to convey promises about how much you will save if you just switch your auto insurance coverage to their company.

That’s great but how can every company charge you a lower premium? It’s all in the words they use.

Insurance companies have specific characteristics for the type of insured that will be a good risk. One example of a preferred risk might have to be over the age of 45, has had continuous coverage, and drives less than 10,000 miles a year. Someone who matches those parameters will get the preferred rates and will probably save some money.

Potential insureds who are not a match for the requirements may be required to pay higher premiums which results in business going elsewhere. The ad wording is “people that switch” but not “everyone who gets a quote” save the amount stated. That’s the way insurance companies can confidently make those claims. Because every company is different, drivers should do a price quote comparison at every renewal. It’s just not possible to know the company that will fit you best based on your risk profile.

Information about specific coverages

Understanding the coverages of insurance aids in choosing the best coverages at the best deductibles and correct limits. Policy terminology can be confusing and coverage can change by endorsement. These are typical coverage types available from insurance companies.

Medical costs insurance

Med pay and PIP coverage provide coverage for immediate expenses such as prosthetic devices, ambulance fees, doctor visits, pain medications and funeral costs. They are utilized in addition to your health insurance plan or if you are not covered by health insurance. It covers both the driver and occupants and also covers if you are hit as a while walking down the street. PIP is not available in all states and may carry a deductible

Collision coverage

Collision coverage pays for damage to your Silverado 2500HD from colliding with an object or car. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision can pay for claims like rolling your car, hitting a parking meter and sideswiping another vehicle. Collision is rather expensive coverage, so consider removing coverage from lower value vehicles. It’s also possible to choose a higher deductible to save money on collision insurance.

Comprehensive or Other Than Collision

This coverage pays for damage caused by mother nature, theft, vandalism and other events. A deductible will apply then your comprehensive coverage will pay.

Comprehensive insurance covers claims such as a broken windshield, hitting a bird, fire damage, falling objects and damage from flooding. The highest amount you can receive from a comprehensive claim is the cash value of the vehicle, so if the vehicle’s value is low it’s not worth carrying full coverage.

Coverage for liability

Liability insurance can cover damage or injury you incur to a person or their property. It protects you from claims by other people, and doesn’t cover damage to your own property or vehicle.

Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see limits of 50/100/50 that means you have a limit of $50,000 per injured person, a total of $100,000 of bodily injury coverage per accident, and a total limit of $50,000 for damage to vehicles and property.

Liability coverage pays for things such as loss of income, structural damage and court costs. How much coverage you buy is a decision to put some thought into, but consider buying as large an amount as possible.

UM/UIM Coverage

This provides protection from other drivers when they either are underinsured or have no liability coverage at all. This coverage pays for injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.

Since many drivers carry very low liability coverage limits, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is important protection for you and your family.

In conclusion

When shopping online for car insurance, never buy less coverage just to save a little money. In too many instances, an insured cut uninsured motorist or liability limits only to discover later that it was a big error on their part. Your objective should be to purchase a proper amount of coverage at an affordable rate, but don’t skip important coverages to save money.

Cheaper car insurance can be found from both online companies and from local insurance agents, and you should compare rates from both in order to have the best price selection to choose from. Some companies may not offer online quoting and these smaller providers prefer to sell through independent agents.

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