How Much Does 2004 Chevrolet Silverado 3500 Insurance Cost?

When trying to find lower-priced insurance, are you overwhelmed by the number of car insurance sources that you can choose from? You have so many sources available that it can be a difficult challenge to find the best car insurance rates.

Smart consumers take time to compare prices periodically because insurance prices change frequently. Even if you think you had the lowest rate for Silverado coverage a year ago you can probably find a lower rate today. Block out anything you think you know about car insurance because we’re going to demonstrate the quickest way to properly buy coverages while reducing your premium.

If you currently have a car insurance policy, you will be able to save some money using this information. The purpose of this post is to let you in on how to effectively get price quotes. But drivers must comprehend the way companies compete online and take advantage of how the system works.

How do car insurance companies determine Chevy Silverado 3500 insurance rates?

The best way to find cheaper car insurance is to take a look at the rating factors that help calculate your premiums. If you have some idea of what influences your rates, this allows you to make good choices that could help you find much lower annual insurance costs.

• Bad drivers pay high costs – Having a clean driving record impacts your car insurance rates tremendously. Even a single driving citation may increase your cost by as much as twenty percent. Attentive drivers receive lower rates compared to bad drivers. Drivers with flagrant violations such as DUI or willful reckless driving may face state-mandated requirements to submit a SR-22 form with the DMV in their state in order to prevent their license from being revoked.
• GPS tracking and theft deterrents reduce prices – Selecting a car model with a theft deterrent system can help lower your rates. Theft prevention features like OnStar, LoJack tracking, and tamper alarms can help prevent vehicle theft.
• How many coverages with the same company – Most larger insurance companies will award lower prices for people that purchase more than one policy. It’s known as a multi-policy discount. The amount of the discounts can be ten percent or more. Even if you already get this discount, it’s in your best interest to get quotes from other companies to help guarantee you have the best rates.
• Protect yourself with liability coverage – Your car insurance policy’s liability coverage will afford coverage when you are found to be at fault for causing damage or personal injury in an accident. Your policy’s liability insurance provides legal defense coverage up to the limits shown on your policy. Carrying liability coverage is mandatory and cheap as compared to coverage for physical damage, so buy as much as you can afford.
• Never let your car insurance policy lapse – Driving without insurance coverage in place is not a good idea and your next policy will cost more because you let your coverage lapse. Not only will rates go up, not being able to provide proof of insurance can result in fines and jail time.
• Premiums drop with age – Older insureds tend to be more responsible, tend to file fewer claims and receive fewer citations.Teen drivers are proven to be inattentive when driving with friends and because of this, their car insurance rates are much higher.
• Your career may increase premiums – Do you have a high-stress occupation? Occupations such as military personnel, architects and emergency personnel are shown to have higher rates than the rest of us in part from stressful work requirements and lengthy work days. Other occupations like professors, historians and the unemployed generally pay rates lower than average for Silverado coverage.
• No insurance claims equals better prices – If you are a frequent claim filer, you can pretty much guarantee either policy cancellation or increased premiums. Auto insurance companies provide the best rates to insureds who are not frequent claim filers. Your insurance policy is intended to be relied upon for major claims that would cause financial hardship.

Pay discount rates with these discounts

Car insurance can be pricey, but you might find some hidden discounts that could help you make your next renewal payment. Certain reductions will be credited at quote time, but some need to be specifically requested before they will apply.

• Paperwork-free – Some car insurance companies will provide an incentive for buying your policy on the web.
• Full Payment Discount – If you can afford to pay the entire bill instead of monthly or quarterly installments you may reduce your total bill.
• Discount for Life Insurance – If the company offers life insurance, you could get better rates if you take out life insurance from them.
• Early Switch Discount – Some insurance companies provide a discount for buying a new policy before your current policy expires. Ten percent is about the average savings.
• Smart Student Discounts – Maintaining excellent grades can save 20 to 25%. Most companies allow this discount until age 25.
• Good Drivers – Drivers who don’t get into accidents can save as much as half off their rates for Silverado coverage compared to accident prone drivers.

Discounts save money, but please remember that some credits don’t apply to the overall cost of the policy. Some only apply to individual premiums such as comp or med pay. Despite the appearance that you would end up receiving a 100% discount, it doesn’t quite work that way.

Popular car insurance companies and a partial list of their discounts include:

• State Farm includes discounts for student away at school, safe vehicle, good student, anti-theft, multiple autos, and Drive Safe & Save.
• Geico offers premium reductions for daytime running lights, multi-vehicle, anti-theft, anti-lock brakes, federal employee, good student, and seat belt use.
• Allstate may have discounts that include safe driver, eSmart discount, teenSMART discount, good payer, auto/life discount, 55 and retired, and premier discount.
• SAFECO has discounts for anti-theft, multi-car, teen safety rewards, bundle discounts, and accident prevention training.
• Farm Bureau discounts include safe driver, 55 and retired, driver training, youthful driver, good student, multi-policy, and renewal discount.
• Progressive may include discounts for online quote discount, good student, homeowner, online signing, multi-policy, and multi-vehicle.
• AAA offers discounts for multi-car, good student, AAA membership discount, pay-in-full, anti-theft, good driver, and multi-policy.

When getting free insurance quotes, it’s a good idea to each company which discounts you may be entitled to. Some discounts may not be offered in your state.

Save $388 a year? Really?

Popular auto insurance providers such as State Farm, Geico and Progressive constantly bombard you with television and radio advertisements. They all seem to make the promise that drivers will save a bundle after switching your coverage. How do they all offer you a better deal? It’s all in the words they use.

Insurance companies have specific guidelines for the type of driver that will be a good risk. One example of this type of risk profile could possibly be a mature driver, carries high limits, and drives a vehicle with a low ISO rating. A propective insured who meets those qualifications will get a cheap rate quote and will also cut their rates if they switch.

Drivers who are not a match for the requirements will see higher premiums which translates to the customer not buying. The ad wording is “customers who switch” not “everyone who quotes” can get the lowest rates when switching. That’s the way companies can state the savings.

Because every company is different, you need to compare price quotes frequently. It is impossible to predict which auto insurance company will have the best car insurance rates.

Your situation helps dictate your coverage

When it comes to choosing the right insurance coverage for your personal vehicles, there really is no best way to insure your cars. Your needs are not the same as everyone else’s.

For example, these questions can help discover whether you might need an agent’s assistance.

• Is my business laptop covered if it gets stolen from my vehicle?
• Do I need medical payments coverage since I have good health insurance?
• Can I pay claims out-of-pocket if I buy high deductibles?
• Do I have coverage when using my vehicle for my home business?
• Why is insurance for a teen driver so high?
• Does my insurance cover damage caused when ticketed for reckless driving?
• What is no-fault insurance?
• What is covered by UM/UIM coverage?
• Can I get a multi-policy discount for packaging my home and auto coverage?
• Exactly who is provided coverage by my policy?

If you’re not sure about those questions but you know they apply to you, you may need to chat with an agent. To find lower rates from a local agent, complete this form.

Insurance coverage basics

Understanding the coverages of your insurance policy aids in choosing which coverages you need and the correct deductibles and limits. Policy terminology can be difficult to understand and even agents have difficulty translating policy wording.

Uninsured or underinsured coverage

This gives you protection from other motorists when they do not carry enough liability coverage. This coverage pays for injuries sustained by your vehicle’s occupants as well as damage to your 2004 Chevy Silverado 3500.

Since many drivers only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is very important. Usually these coverages are set the same as your liablity limits.

Medical expense coverage

Med pay and PIP coverage reimburse you for short-term medical expenses like pain medications, EMT expenses, chiropractic care and hospital visits. The coverages can be utilized in addition to your health insurance policy or if you do not have health coverage. They cover not only the driver but also the vehicle occupants and also covers if you are hit as a while walking down the street. Personal injury protection coverage is not universally available and may carry a deductible

Comprehensive protection

Comprehensive insurance pays to fix your vehicle from damage from a wide range of events other than collision. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive can pay for claims such as hail damage, falling objects, fire damage and hitting a bird. The maximum amount your insurance company will pay is the cash value of the vehicle, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.

Liability insurance

This can cover damage or injury you incur to other’s property or people. It protects you from claims by other people. It does not cover damage sustained by your vehicle in an accident.

Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see policy limits of 25/50/25 that translate to a $25,000 limit per person for injuries, a limit of $50,000 in injury protection per accident, and $25,000 of coverage for damaged propery. Some companies may use 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 such as emergency aid, structural damage, court costs, repair costs for stationary objects and attorney fees. How much liability coverage do you need? That is your choice, but you should buy as high a limit as you can afford.

Coverage for collisions

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 first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision can pay for claims like hitting a mailbox, sustaining damage from a pot hole and scraping a guard rail. This coverage can be expensive, so consider removing coverage from vehicles that are older. Another option is to bump up the deductible to save money on collision insurance.

Have money to burn

More affordable insurance can be purchased on the web and from local insurance agents, so you need to shop insurance with both in order to have the best chance of saving money. There are still a few companies who may not provide online rate quotes and these smaller companies work with independent agencies.

When buying insurance coverage, never buy less coverage just to save a little money. Too many times, drivers have reduced uninsured motorist or liability limits and discovered at claim time that their decision to reduce coverage ended up costing them more. Your goal should be to purchase plenty of coverage at the best cost and still be able to protect your assets.

You just read a lot of techniques to reduce 2004 Chevy Silverado 3500 insurance prices online. The most important thing to understand is the more price quotes you have, the better your chances of lowering your rates. You may be surprised to find that the lowest prices are with a smaller regional carrier.

For more information, link through to the articles below:

• How to Avoid Staged Accidents (State Farm)
• Five Steps to Filing an Auto Insurance Claim (Insurance Information Insitute)
• Side Impact Crash Tests (iihs.org)
• Things to Know Before you Cancel Insurance (Allstate)
• What if I Can’t Find Coverage? (Insurance Information Insitute)
• Older Driver Statistics (Insurance Information Insitute)