Have you had enough of being strong-armed to buy car insurance? You are no different than most other drivers.
Insurance companies such as State Farm, Farmers Insurance, Geico and Allstate continually hit you with ad campaigns and consumers find it hard to see past the geckos and flying pigs and effectively compare rates to find the best deal.
You need to compare rates quite often because insurance prices tend to go up over time. Even if you think you had the lowest rates on Silverado coverage a year ago there may be better deals available now. Forget anything you know (or think you know) about car insurance because we’re going to demonstrate the tricks you need to know to eliminate unnecessary coverages and save money.
If you are paying for car insurance now, you will most likely be able to cut costs considerably using these tips. Buying car insurance is easy if you know what you’re doing. But consumers can benefit by having an understanding of how insurance companies sell insurance online and take advantage of how the system works.
Insurance coverage is not an enjoyable expense, but you might be missing out on some discounts that can drop the cost substantially. A few discounts will automatically apply at the time of purchase, but a few must be specially asked for before they will apply.
It’s important to understand that many deductions do not apply to the entire cost. Most cut the cost of specific coverages such as collision or personal injury protection. Even though it appears you would end up receiving a 100% discount, you won’t be that lucky.
A list of insurance coverage companies and a selection of discounts include:
If you are trying to find cheaper auto insurance quotes, ask all the companies the best way to save money. Depending on the company, some discounts might not be offered on policies in your state. To locate providers who offer discounts, follow this link.
When buying the right insurance coverage, there is no one size fits all plan. Everyone’s situation is a little different so your insurance needs to address that. Here are some questions about coverages that may help you determine if you might need an agent’s assistance.
If you’re not sure about those questions but a few of them apply, you might consider talking to an insurance agent. To find an agent in your area, simply complete this short form or go to this page to view a list of companies.
Auto insurance providers like State Farm and Allstate constantly bombard you with television and radio advertisements. They all seem to have a common claim that people will save if you change your auto insurance policy to them. How is it possible that every company can charge lower premium rates? You have to listen carefully.
Different companies have an ideal profile for the driver that will not have excessive claims. For instance, a desirable insured could possibly be between the ages of 30 and 45, has few claims, and does not commute to work. Any customer who fits that profile is entitled to the best price as well as save a lot if they switch.
Potential insureds who do not match those standards will be quoted a more expensive rate which translates to business going elsewhere. If you listen closely, the ads state “drivers who switch” not “everyone who quotes” save that much. That’s the way insurance companies can make it sound like they have such great prices. Because of these techniques, drivers should get as many free auto insurance quotes as possible. It’s just too difficult to predict which insurance companies will have the lowest rates.
Having a good grasp of your insurance policy can help you determine appropriate coverage and the correct deductibles and limits. The coverage terms in a policy can be ambiguous and even agents have difficulty translating policy wording. Below you’ll find typical coverages found on most insurance policies.
Liability insurance can cover damage that occurs to a person or their property that is your fault. Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see liability limits of 100/300/100 which stand for $100,000 in coverage for each person’s injuries, $300,000 for the entire accident, and a limit of $100,000 paid for damaged property.
Liability coverage pays for things like medical services, repair bills for other people’s vehicles, pain and suffering and court costs. The amount of liability coverage you purchase is your choice, but buy as large an amount as possible.
Personal Injury Protection (PIP) and medical payments coverage reimburse you for bills like surgery, doctor visits and pain medications. They can be utilized in addition to your health insurance policy or if you do not have health coverage. Medical payments and PIP cover not only the driver but also the vehicle occupants and will also cover if you are hit as a while walking down the street. PIP is not an option in every state but it provides additional coverages not offered by medical payments coverage
Collision insurance will pay to fix damage to your Silverado 2500 resulting from colliding with a stationary object or other vehicle. You first must pay a deductible then your collision coverage will kick in.
Collision can pay for claims such as hitting a mailbox, crashing into a building, damaging your car on a curb and driving through your garage door. Collision coverage makes up a good portion of your premium, so you might think about dropping it from vehicles that are older. You can also bump up the deductible to save money on collision insurance.
This protects you and your vehicle from other motorists when they either have no liability insurance or not enough. This coverage pays for medical payments for you and your occupants and also any damage incurred to your Chevy Silverado 2500.
Because many people have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important.
Comprehensive insurance coverage will pay to fix damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.
Comprehensive insurance covers things such as hitting a bird, theft, a tree branch falling on your vehicle, fire damage and falling objects. The highest amount you can receive from a comprehensive claim is the ACV or actual cash value, so if the vehicle’s value is low it’s not worth carrying full coverage.
The cheapest 2003 Chevy Silverado 2500 insurance is definitely available online and with local insurance agents, and you need to price shop both in order to have the best chance of saving money. Some companies don’t offer the ability to get a quote online and many times these regional insurance providers work with independent agents.
As you go through the steps to switch your coverage, it’s a bad idea to skimp on coverage in order to save money. Too many times, drivers have reduced physical damage coverage only to discover later that the savings was not a smart move. The ultimate goal is to buy a smart amount of coverage for the lowest cost.
Much more information about insurance coverage can be found below:
Sherilyn Hancock
I live east of Mobile, AL. Compared rates from a lot of places. Saved about $20 a month. 21st Century was the most affordable for me. Was with Auto-Owners.
Lenora Torres
Does GEICO insure after a DUI?
Charity Chambers
For me, Progressive was by far the cheapest in Eugene, OR.
Isabel Dennis
I switched to GEICO. Quoted good rates in Gaithersburg, MD. Teenage drivers are expensive! I don’t put full coverage on it.
Carlene Schultz
When should I drop comp and collision?
Milagros Andrews
Affordable car insurance is a myth. Located in Springfield, MO. Got car insurance prices from Progressive, Amica, Erie, and GMAC for my Silverado 2500 and saved $68 a year. Got better coverage too. I quoted rates online then called them. My Chevrolet doesn’t have full coverage.
Dalene Burt
I’m in Bellevue, NE, and 21st Century rates were affordable. Teenage drivers are expensive! LOL I only have liability coverage on it.
Tomoko Duran
I got quite a few price quotes for a 2003 Chevrolet Silverado 2500 in Houston, TX. Ended up at right around $110 every six months with Amica. Moved home policy as well. Can still barely afford it.
Goldie Henderson
It’s all a rip off. Checking in from Bellevue, Nebraska. Quoted a bunch of companies. Saved darn near $30 a month. State Farm was the cheapest for me.
Naomi Patterson
Hope my car insurance gets cheaper. I live just to the east of Louisville, KY. Can’t remember who all I quoted but I ended up saving about $30 each month. I think they have home insurance too. They were helpful in switching over. Next renewal I’ll just do liability.
Marielle Small
Is Allstate cheaper than GEICO in Buffalo, NY?
Joya Church
Good detail in your article. Lifelong resident of Omaha, NE. I quoted with Western Auto Insurance, AIG Insurance, Hartford, and Nationwide for my Chevrolet and I think I saved around $20 each month. Have an at-fault accident tho.
Jeri Dixon
Will Progressive cancel if I have a claim?
Freeman Pearson
Compared auto insurance prices with State Farm and GEICO but still not cheap enough.