2006 Chevrolet Silverado 3500 Insurance Rates

Looking for the cheapest car insurance rates for your Chevrolet Silverado 3500? Finding low cost car insurance can seem to be hard for beginners to comparing prices online. With so many agents and companies, it can easily be more work than you anticipated to find the best rates.

How your Silverado 3500 insurance prices are determined

The best way to find cheaper insurance coverage is to take a look at the rating factors that help calculate the rates you pay for insurance coverage. When you understand what determines premiums, this enables you to make decisions that could result in lower insurance coverage prices. Many factors are used when pricing auto insurance. Some are pretty understandable like an MVR report, but others are not quite as obvious like your continuous coverage or how safe your car is.

Listed below are some of the most rate-impacting factors used by insurance companies to determine prices.

• Do you have enough liability protection? – The liability coverage on your policy will protect you in the event that you are found liable for causing damage or personal injury in an accident. It will provide you with a defense in court to defend your case. This coverage is very inexpensive when compared with rates for comp and collision, so insureds should have plenty of protection for their assets.
• Cheaper rates with high coverage deductibles – Comp and collision deductibles tell how much you are required to spend if a claim is determined to be covered. Physical damage coverage, also called ‘full coverage’, covers damage that occurs to your car. Examples of some claims that would be covered are collision with another vehicle, vandalism, or theft of your vehicle. The more of the claim you are required to pay out-of-pocket, the better rate you will receive for Silverado coverage.
• Low credit rating equals high rates – Having a bad credit score is likely to be a major factor in determining what you pay for insurance coverage. Insureds that have high credit ratings tend to be more responsible and file fewer claims than those with poor credit. If your credit can use some improvement, you could be paying less to insure your 2006 Chevrolet Silverado 3500 by improving your rating.
• Don’t buy incidental coverages that aren’t used – There are quite a few extra coverages that can add up on your Silverado 3500 policy. Coverages like vanishing deductibles, accident forgiveness, and membership fees are probably not needed. These may sound like a good investment when talking to your agent, but your money might be better spent on other coverage so remove them and pocket the money.
• How many miles do you drive? – The more you drive your Chevy each year the higher your rate. Most insurance companies price each vehicle’s coverage based upon how the vehicle is primarily used. Autos that have low annual miles can be on a lower rate level than cars that get driven a lot. A policy that improperly rates your Silverado 3500 can cost quite a bit. It’s always a good idea to double check that your insurance coverage declarations sheet is rated on the correct usage for each vehicle.
• Bundle home and auto and save – Most larger companies afford discounts to insureds that have more than one policy, otherwise known as a multi-policy discount. Even if you qualify for this discount already, it’s always a smart idea to compare rates to guarantee you are still saving the most.

Discounts for affordable auto insurance rates

Auto insurance is not an enjoyable expense, but you may find discounts that you may not even be aware of. Some discounts apply automatically at the time of quoting, but a few must be manually applied in order for you to get them.

• Discount for Swiching Early – Some auto insurance companies give discounts for switching companies before your current coverage expires. Ten percent is about the average savings.
• Anti-theft Discount – Anti-theft and alarm system equipped vehicles are stolen with less frequency so companies will give you a small discount.
• Seat Belt Usage – Buckling up and requiring all passengers to buckle up may be able to save a few bucks on medical payment and PIP coverage.
• Bundle and Save – If you combine your homeowners and auto policies and place coverage with the same company you could save 10% to 20% off each policy.
• Senior Citizen Discount – If you qualify as a senior citizen, you may qualify for a discount up to 10% for Silverado coverage.
• Onboard Data Collection – Insureds who allow data collection to scrutinize where and when they drive by using a telematics device in their vehicle such as Progressive’s Snapshot and State Farm’s In-Drive could save a few bucks as long as they are good drivers.
• Good Driver Discount – Drivers who don’t get into accidents can save as much as half off their rates for Silverado coverage as compared to drivers with claims.
• Lower Rates for Military – Having a family member in the military could be rewarded with lower rates.

We need to note that most credits do not apply to all coverage premiums. Some only apply to the cost of specific coverages such as physical damage coverage or medical payments. Even though it may seem like you could get a free auto insurance policy, it doesn’t quite work that way.

Some of the insurance companies who might offer most of the discounts above include:

• Geico
• Auto-Owners Insurance
• American Family
• Esurance
• Progressive
• State Farm
• AAA

If you need cheap insurance quotes, ask each company or agent which discounts you may be entitled to. All car insurance discounts might not apply in your area.

You may need specialized auto insurance coverage

When buying the right insurance coverage, there really is no best way to insure your cars. Your needs are not the same as everyone else’s.

For instance, these questions may help highlight whether or not you may require specific advice.

• Is my babysitter covered when using my vehicle?
• What is PIP insurance?
• How can I force my company to pay a claim?
• Am I getting all the discounts available?
• Am I insured when driving a different vehicle?
• Do I need replacement cost coverage on my 2006 Chevy Silverado 3500?
• I have health insurance so do I need medical payments coverage?
• Is my ex-spouse still covered by my policy?
• Am I covered when driving in Canada or Mexico?

If you can’t answer these questions, you may need to chat with a licensed insurance agent. To find lower rates from a local agent, complete this form.

Auto insurance 101

Knowing the specifics of your insurance policy helps when choosing appropriate coverage at the best deductibles and correct limits. Insurance terms can be impossible to understand and reading a policy is terribly boring.

Coverage for liability

Liability insurance provides protection from damage or injury you incur to other’s property or people. It protects YOU against claims from other people. It does not cover damage sustained by your vehicle in an accident.

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 limits of 50/100/50 that means you have a limit of $50,000 per injured person, a per accident bodily injury limit of $100,000, and property damage coverage for $50,000.

Liability can pay for claims like repair costs for stationary objects, structural damage, attorney fees and medical services. How much coverage you buy is your choice, but you should buy as large an amount as possible.

Collision coverage protection

Collision insurance will pay to fix damage to your Silverado 3500 resulting from colliding with another vehicle or an object, but not an animal. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision coverage pays for things such as sideswiping another vehicle, backing into a parked car, crashing into a building and colliding with another moving vehicle. Collision coverage makes up a good portion of your premium, so consider dropping it from older vehicles. Drivers also have the option to bump up the deductible to get cheaper collision coverage.

Comprehensive or Other Than Collision

This coverage pays for damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for things like rock chips in glass, damage from getting keyed, hitting a bird and damage from a tornado or hurricane. The most a insurance company will pay at claim time is the market value of your vehicle, so if the vehicle is not worth much it’s not worth carrying full coverage.

Medical costs insurance

Coverage for medical payments and/or PIP reimburse you for immediate expenses like prosthetic devices, X-ray expenses, pain medications, rehabilitation expenses and dental work. They can be used to fill the gap from your health insurance plan or if you lack health insurance entirely. Medical payments and PIP cover all vehicle occupants and also covers if you are hit as a while walking down the street. Personal Injury Protection is only offered in select states but can be used in place of medical payments coverage

UM/UIM Coverage

This protects you and your vehicle’s occupants when the “other guys” are uninsured or don’t have enough coverage. It can pay for medical payments for you and your occupants as well as damage to your 2006 Chevy Silverado 3500.

Since a lot of drivers only carry the minimum required liability limits, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family.

Quote often and quote early

Low-cost 2006 Chevy Silverado 3500 insurance is available on the web as well as from insurance agents, so you should be comparing quotes from both in order to have the best price selection to choose from. Some companies do not provide the ability to get a quote online and most of the time these small insurance companies only sell through independent insurance agents.

As you go through the steps to switch your coverage, do not skimp on critical coverages to save a buck or two. There are many occasions where someone sacrificed uninsured motorist or liability limits and found out when filing a claim that the small savings ended up costing them much more. Your goal is to buy enough coverage for the lowest price and still be able to protect your assets.

In this article, we covered a lot of techniques to lower your 2006 Chevy Silverado 3500 insurance prices. It’s most important to understand that the more providers you compare, the better your chances of lowering your rates. Consumers may even find the lowest prices are with the least-expected company.

For more information, feel free to browse these articles:

• Learn About Car Insurance (Geico)
• Determining Your Vehicle’s Value and Repair Cost (Insurance Information Insitute)
• Drunk Driving Statistics (Insurance Information Insitute)
• What Does No-Fault Insurance Cover? (Allstate)