2002 Chevrolet Silverado 3500 Insurance Cost – 10 Discounts for Cheapest Prices

Trying to find better insurance rates for your Chevrolet Silverado 3500? Finding budget insurance is rather difficult for consumers who are beginners to quoting and comparison shopping on the web. With a ridiculous number of insurance companies available, how are consumers able to possibly compare every insurance company to find the best price?

Smart consumers take time to get comparison quotes as often as possible because insurance rates are rarely the same from one policy term to another. Even if you think you had the lowest rate on Silverado coverage at your last renewal you will most likely find a better price today. Forget anything you know (or think you know) about insurance because it’s time to teach you one of the easiest ways to remove unneeded coverages and save money.

The most recommended method to compare car insurance rates is to know the fact auto insurance companies participate in online systems to give free rates quotes. The only thing you need to do is provide information such as if it has an anti-theft system, if a SR-22 is needed, whether you have decent credit, and if the vehicle is leased. Your details is instantly submitted to multiple insurance providers and they return rate quotes almost instantly.

If you would like to start a quote now, click here and complete the form.

Are you qualifying for every discount?

Insurance coverage is not an enjoyable expense, but you may qualify for discounts that could drop your premiums quite a bit. A few discounts will automatically apply when you purchase, but occassionally some discounts must be inquired about before being credited.

• Online Discount – Some of the larger companies will give a small break for signing up digitally online.
• Discounts for Good Drivers – Drivers who don’t get into accidents may receive a discount up to 45% on Silverado coverage as compared to drivers with claims.
• Low Miles Discount – Driving less could qualify for lower insurance coveragerates on the low mileage vehicles.
• Safety Course Discount – Successfully completing a driver safety class could earn you a small percentage discount and also improve your driving technique.
• Homeowners Discount – Owning a home can get you a discount because owning a home means you have a higher level of financial diligence.
• Discounts for Multiple Vehicles – Buying insurance for multiple vehicles on the same insurance coverage policy qualifies for this discount.
• Payment Method – If you pay your entire premium ahead of time instead of monthly or quarterly installments you could save 5% or more.
• Multi-policy Discount – When you combine your homeowners and auto insurance with the same company you will save approximately 10% to 15%.
• Life Insurance Discount – Insurance companies who offer life insurance give a break if you buy auto and life insurance together.
• Accident Waiver – Not necessarily a discount, but some companies like Liberty Mutual, Allstate and State Farm may permit one accident before hitting you with a surcharge if you are claim-free prior to being involved in the accident.

We need to note that some credits don’t apply the the whole policy. Most only reduce specific coverage prices like comp or med pay. Just because you may think having all the discounts means you get insurance for free, you’re out of luck. Any qualifying discounts will definitely reduce your premiums.

If you would like to choose from a list of insurance companies with the best insurance coverage discounts, follow this link.

When in doubt talk to an agent

When buying the best car insurance coverage for your vehicles, there isn’t really a perfect coverage plan. Coverage needs to be tailored to your specific needs.

These are some specific questions may help highlight whether you could use an agent’s help.

• Are my friends covered when driving my 2002 Chevy Silverado 3500?
• Am I covered by my spouse’s policy after a separation?
• Does my policy cover my teen driver if they drive my company car?
• Do I get a pro-rated refund if I cancel my policy early?
• Is my 2002 Chevy Silverado 3500 covered for smoke damage?
• When should I not file a claim?
• Am I covered when using my vehicle for business?
• How can I find cheaper teen driver insurance?

If you can’t answer these questions but you think they might apply to your situation, then you may want to think about talking to an insurance agent. If you don’t have a local agent, complete this form.

Car insurance 101

Having a good grasp of your insurance policy can help you determine the right coverages at the best deductibles and correct limits. Insurance terms can be ambiguous and even agents have difficulty translating policy wording.

Comprehensive protection – Comprehensive insurance coverage pays for damage OTHER than collision with another vehicle or object. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive coverage pays for claims like hail damage, falling objects and fire damage. The maximum amount you can receive from a comprehensive claim is the cash value of the vehicle, so if it’s not worth much more than your deductible consider dropping full coverage.

Medical expense coverage – Medical payments and Personal Injury Protection insurance reimburse you for immediate expenses such as funeral costs, X-ray expenses, nursing services and prosthetic devices. They are often utilized in addition to your health insurance plan or if you are not covered by health insurance. It covers both the driver and occupants in addition to any family member struck as a pedestrian. PIP coverage is not available in all states but can be used in place of medical payments coverage

Uninsured or underinsured coverage – This protects you and your vehicle from other drivers when they do not carry enough liability coverage. Covered claims include injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.

Because many people carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages is very important. Most of the time the UM/UIM limits do not exceed the liability coverage limits.

Liability car insurance – This provides protection from damage or injury you incur to a person or their property by causing an accident. It protects YOU from claims by other people, and doesn’t cover damage to your own property or vehicle.

Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show policy limits of 25/50/25 which means a limit of $25,000 per injured person, a total of $50,000 of bodily injury coverage per accident, and a limit of $25,000 paid for damaged property. Another option is one number which is a combined single limit which limits claims to one amount rather than limiting it on a per person basis.

Liability insurance covers things like repair bills for other people’s vehicles, emergency aid, attorney fees and court costs. The amount of liability coverage you purchase is a personal decision, but buy higher limits if possible.

Collision coverages – Collision insurance will pay to fix damage to your Silverado 3500 caused by collision with another vehicle or an object, but not an animal. You will need to pay your deductible then the remaining damage will be paid by your insurance company.

Collision coverage pays for things such as sustaining damage from a pot hole, backing into a parked car, damaging your car on a curb, rolling your car and crashing into a ditch. This coverage can be expensive, so consider dropping it from lower value vehicles. Another option is to choose a higher deductible in order to get cheaper collision rates.

Have the Midas touch

When getting auto insurance quotes online, it’s very important that you do not sacrifice coverage to reduce premiums. In too many instances, someone sacrificed full coverage only to regret that a couple dollars of savings turned into a financial nightmare. The goal is to purchase a proper amount of coverage for the lowest price, but don’t skip important coverages to save money.

More affordable car insurance can be bought both online in addition to local insurance agencies, and you need to comparison shop both in order to have the best chance of saving money. A few companies may not have rate quotes online and usually these small insurance companies prefer to sell through local independent agents.

People switch companies for many reasons like being labeled a high risk driver, questionable increases in premium, policy cancellation and poor customer service. Regardless of your reason, choosing a new company is pretty easy and you might even save some money in the process.

For more information, take a look at the following helpful articles:

• If I File a Claim will My Insurance Go Up? (Insurance Information Insitute)
• Auto Insurance Basics (Insurance Information Insitute)
• Child Safety Seats (Insurance Information Insitute)
• Choosing a Car for Your Teen (State Farm)
• Collision Coverage (Liberty Mutual)
• Auto Insurance FAQ (Farmers Insurance)