2002 Chevrolet Silverado 2500HD Insurance Quotes

Scraping up a payment for pricey Chevrolet Silverado 2500HD insurance can bottom out your checking account and require stricter spending habits. Comparing rate quotes is free, only takes a few minutes, and is a good way to lower your bills every month.

Insurance companies such as State Farm and Geico all promote huge savings with TV and radio ads and consumers find it hard to ignore the flashy ads and find the best price available.

It’s important to do price comparisons before your next renewal since rates are usually higher with each renewal. Even if you got the best rate on SilveradoHD coverage on your last policy other companies may now be cheaper. Ignore everything you know about insurance because I’m going to teach you one of the quickest ways to find better rates and still maintain coverage.

Find discounts to get cheap insurance rates

Auto insurance companies don’t necessarily list every discount very well, so below is a list both the well known and also the lesser-known savings tricks you should be using when you buy car insurance online.

• Seat Belt Discounts – Drivers who require all vehicle occupants to wear their seat belts can save 10% or more on the medical payments or PIP coverage costs.
• Multi-car Discount – Insuring multiple cars or trucks on one policy may reduce the rate for each vehicle.
• Anti-lock Brake Discount – Cars and trucks equipped with ABS or steering control have fewer accidents and will save you 10% or more.
• Anti-theft Discount – Vehicles that have factory anti-theft systems are stolen less frequently and can earn a small discount on your policy.
• No Claim Discounts – Drivers who don’t have accidents get the best insurance rates when compared with bad drivers.

Just know that some credits don’t apply to all coverage premiums. Some only apply to the price of certain insurance coverages like comp or med pay. So despite the fact that it appears all the discounts add up to a free policy, you’re out of luck.

To find insurance companies with the best discounts, click here.

Smart consumers save more

One of the most helpful ways to save on insurance coverage is to to have a grasp of the factors that help calculate your premiums. If you understand what determines base rates, this enables you to make decisions that will entitle you to lower rates. Many factors are taken into consideration when quoting car insurance. Most are fairly basic like an MVR report, although some other factors are more obscure like your vehicle usage or your financial responsibility.

• Lower rates for married couples – Having a wife or husband may earn you lower rates on your insurance coverage policy. Marriage usually means you are more mature and responsible and statistics show married drivers tend to file fewer claims.
• lapses raise insurance coverage rates – Allowing your coverage to lapse will be a guaranteed way to drive up your policy premiums. Not only will rates go up, the inability to provide proof of insurance could earn you a fine, jail time, or a revoked license.
• How many coverages with the same company – Most companies allow lower prices to people who buy several policies from them, otherwise known as a multi-policy discount. Even if you already get this discount, it’s in your best interest to compare other company rates to ensure the best deal.
• Older drivers pay less – Older, more experienced drivers are viewed as being more responsible, statistically cause fewer accidents .Teenage drivers are proven to be easily distracted when driving and because of this, their insurance coverage rates are much higher.

Tailor your car insurance coverage to you

When it comes to buying the best car insurance coverage, there is no “perfect” insurance plan. Everyone’s situation is unique so this has to be addressed. Here are some questions about coverages that may help you determine whether or not you would benefit from an agent’s advice.

• Do I get a pro-rated refund if I cancel my policy early?
• Is other people’s property covered if stolen from my vehicle?
• I have a DUI can I still get coverage?
• Is my 2002 Chevy Silverado 2500HD covered for smoke damage?
• Is my vehicle covered by my employer’s policy when using it for work?
• Do I need roadside assistance coverage?
• Is a new car covered when I drive it off the dealer lot?
• Does my medical payments coverage pay my health insurance deductible?

If it’s difficult to answer those questions, you may need to chat with a licensed insurance agent. If you want to speak to an agent in your area, complete this form or you can go here for a list of companies in your area. It is quick, free and may give you better protection.

Specifics of your auto insurance policy

Having a good grasp of your auto insurance policy aids in choosing the best coverages and the correct deductibles and limits. The coverage terms in a policy can be difficult to understand and even agents have difficulty translating policy wording. These are typical coverage types found on the average auto insurance policy.

Comprehensive auto coverage

This coverage pays for damage from a wide range of events other than collision. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive coverage pays for things such as hitting a bird, rock chips in glass, vandalism and hail damage. The maximum amount a auto insurance company will pay at claim time is the cash value of the vehicle, so if the vehicle’s value is low consider removing comprehensive coverage.

Collision coverage

Collision coverage covers damage to your Silverado 2500HD from colliding with another vehicle or an object, but not an animal. You will need to pay your deductible and then insurance will cover the remainder.

Collision coverage protects against things like rolling your car, sustaining damage from a pot hole, backing into a parked car, driving through your garage door and crashing into a ditch. Collision is rather expensive coverage, so consider dropping it from older vehicles. You can also bump up the deductible to bring the cost down.

UM/UIM (Uninsured/Underinsured Motorist) coverage

This coverage protects you and your vehicle’s occupants from other drivers when they either have no liability insurance or not enough. This coverage pays for injuries to you and your family and damage to your Chevy Silverado 2500HD.

Due to the fact that many drivers only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. So UM/UIM coverage should not be overlooked. Normally your uninsured/underinsured motorist coverages are set the same as your liablity limits.

Medical payments and PIP coverage

Medical payments and Personal Injury Protection insurance reimburse you for bills for things like hospital visits, surgery, X-ray expenses and EMT expenses. They are often used in conjunction with a health insurance program or if there is no health insurance coverage. Medical payments and PIP cover you and your occupants and will also cover being hit by a car walking across the street. Personal injury protection coverage is not universally available and may carry a deductible

Liability insurance

This protects you from damage or injury you incur to a person or their property that is your fault. It protects YOU against other people’s claims, and does not provide coverage for your own vehicle damage or injuries.

It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show policy limits of 25/50/25 which stand for $25,000 in coverage for each person’s injuries, a total of $50,000 of bodily injury coverage per accident, and a total limit of $25,000 for damage to vehicles and property. Another option is one limit called combined single limit (CSL) which combines the three limits into one amount with no separate limits for injury or property damage.

Liability insurance covers claims such as funeral expenses, structural damage, pain and suffering, repair bills for other people’s vehicles and medical expenses. How much liability coverage do you need? That is a personal decision, but you should buy higher limits if possible.

More comparisons equals lower rates

Discount 2002 Chevy Silverado 2500HD insurance is definitely available from both online companies and also from your neighborhood agents, so you should be comparing quotes from both in order to have the best price selection to choose from. There are still a few companies who may not have price quotes online and many times these smaller providers only sell through independent insurance agencies.

As you restructure your insurance plan, do not skimp on critical coverages to save a buck or two. There are a lot of situations where an insured cut comprehensive coverage or liability limits only to regret at claim time that the small savings ended up costing them much more. The goal is to purchase a proper amount of coverage for the lowest price, but do not skimp to save money.

You just read many ideas to shop for 2002 Chevy Silverado 2500HD insurance online. The key concept to understand is the more providers you compare, the more likely it is that you will get a better rate. Consumers could even find that the best price on insurance is with a smaller regional carrier. Regional companies often have lower premium rates on specific markets than the large multi-state companies such as Progressive or Geico.

Additional detailed information can be read at these sites:

• Rental Car Insurance Tips (Insurance Information Insitute)
• Five Mistakes to Avoid (Insurance Information Insitute)
• Auto Crash Statistics (Insurance Information Insitute)
• Safety Belts FAQ (iihs.org)