Cheaper 2007 Chevrolet Silverado 1500HD Classic Insurance Rates

Scraping up a payment for high-priced Chevrolet Silverado 1500HD Classic insurance can take a big chunk out of your savings and force you to make sacrifices. You have so many car insurance companies to purchase coverage from, and although it’s nice to have multiple companies, it makes it harder to find the best rates.

Consumers need to get comparison quotes before your next renewal because rates are adjusted regularly by insurance companies. Even if you got the best rate on SilveradoHD Classic insurance a couple years back you can probably find a better price now. Forget all the misinformation about insurance because I’m going to teach you the fastest and easiest way to properly buy coverages and cut your premium.

Find hidden discounts on auto insurance

Insurance can cost an arm and a leg, but you may qualify for discounts that could drop your premiums quite a bit. Some trigger automatically at the time you complete a quote, but a few must be asked about before you will receive the discount.

• Multiple Vehicles – Buying insurance for primary and secondary vehicles with the same auto insurance company qualifies for this discount.
• Renewal Discounts – Some companies provide a discount for buying a policy before your current policy expires. You could save around 10% when you buy car insurance online.
• Distant Student – Children who live away from home at college and won’t have access to an insured vehicle may qualify for this discount.
• Seat Belt Usage – Drivers who always wear seat belts and also require passengers to buckle up before driving could save 15% off the medical payments premium.
• Discounts for Government Workers – Being employed by or retired from a federal job could cut as much as 10% off on SilveradoHD Classic insurance with select insurance companies.

As a disclaimer on discounts, some credits don’t apply to the overall cost of the policy. Some only reduce individual premiums such as collision or personal injury protection. So even though they make it sound like all the discounts add up to a free policy, you’re out of luck.

Larger auto insurance companies and some of their more popular discounts are:

• Progressive offers premium reductions for multi-vehicle, good student, online signing, online quote discount, continuous coverage, multi-policy, and homeowner.
• Farmers Insurance may include discounts for alternative fuel, early shopping, multi-car, electronic funds transfer, distant student, youthful driver, and pay in full.
• Farm Bureau may have discounts that include driver training, youthful driver, multi-policy, safe driver, 55 and retired, good student, and multi-vehicle.
• State Farm may offer discounts for anti-theft, multiple autos, student away at school, Drive Safe & Save, safe vehicle, multiple policy, and passive restraint.
• Geico discounts include multi-policy, defensive driver, emergency military deployment, anti-lock brakes, five-year accident-free, daytime running lights, and seat belt use.
• SAFECO offers discounts including anti-lock brakes, homeowner, anti-theft, drive less, safe driver, teen safety rewards, and accident prevention training.
• Liberty Mutual includes discounts for hybrid vehicle, multi-policy, newly retired, newly married, and exclusive group savings.

Double check with every insurance company how you can save money. Some of the earlier mentioned discounts may not be offered in your area. To see companies offering auto insurance discounts, follow this link.

Tailor your car insurance coverage to you

When it comes to buying the best car insurance coverage for your vehicles, there really is not a single plan that fits everyone. Everyone’s situation is unique and a cookie cutter policy won’t apply. These are some specific questions might point out if you might need professional guidance.

• Am I covered when using my vehicle for business?
• Should I sign the liability waiver when renting a car?
• Do I need replacement cost coverage?
• How can I force my company to pay a claim?
• I have health insurance so do I need medical payments coverage?
• Should I buy only the required minimum liability coverage?
• Should I bundle my homeowners policy with my auto?
• Is borrowed equipment or tools covered if stolen or damaged?
• Does my policy pay for OEM or aftermarket parts?
• Am I covered if I drive in a foreign country?

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 a licensed insurance agent. If you want to speak to an agent in your area, simply complete this short form or you can go here for a list of companies in your area. It’s fast, doesn’t cost anything and you can get the answers you need.

Insurance coverage basics

Having a good grasp of your policy can help you determine which coverages you need and proper limits and deductibles. The terms used in a policy can be ambiguous and reading a policy is terribly boring. Below you’ll find the usual coverages available from insurance companies.

Liability auto insurance

This coverage will cover damage or injury you incur to a person or their property in an accident. It protects YOU from legal claims by others. It does not cover your own vehicle damage or injuries.

Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see liability limits of 50/100/50 which means a limit of $50,000 per injured person, $100,000 for the entire accident, and property damage coverage for $50,000. Another option is a combined single limit or CSL that pays claims from the same limit without having the split limit caps.

Liability coverage pays for things such as repair costs for stationary objects, bail bonds, structural damage and medical expenses. How much liability should you purchase? That is a decision to put some thought into, but you should buy as large an amount as possible.

Coverage for medical payments

Med pay and PIP coverage reimburse you for short-term medical expenses for things like ambulance fees, rehabilitation expenses, EMT expenses and funeral costs. They are utilized in addition to your health insurance plan or if there is no health insurance coverage. It covers all 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 and gives slightly broader coverage than med pay

Uninsured and underinsured coverage

Your UM/UIM coverage gives you protection from other motorists when they are uninsured or don’t have enough coverage. Covered losses include hospital bills for your injuries and also any damage incurred to your Chevy Silverado 1500HD Classic.

Since a lot of drivers have only the minimum liability required by law, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked. Usually these coverages are identical to your policy’s liability coverage.

Collision protection

Collision coverage pays for damage to your Silverado 1500HD Classic caused by collision with an object or car. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision coverage protects against things such as hitting a parking meter, colliding with another moving vehicle and colliding with a tree. Collision is rather expensive coverage, so you might think about dropping it from older vehicles. Another option is to bump up the deductible in order to get cheaper collision rates.

Comprehensive coverages

Comprehensive insurance pays for damage that is not covered by collision coverage. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for claims such as hitting a bird, rock chips in glass and falling objects. The maximum payout you’ll receive from a claim is the cash value of the vehicle, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Affordable insurance is out there

We just showed you a lot of tips how to save on 2007 Chevy Silverado 1500HD Classic insurance. The key concept to understand is the more quotes you get, the higher the chance of saving money. Consumers may even find the best premium rates are with an unexpected company. These companies can often insure niche markets at a lower cost than their larger competitors like Allstate, Geico and Progressive.

Budget-friendly car insurance is definitely available from both online companies and with local insurance agents, and you should compare rates from both in order to have the best price selection to choose from. Some insurance providers may not provide online quoting and usually these regional insurance providers only sell through local independent agents.

Even more information is located in these articles:

• Car Insurance FAQ (Trusted Choice)
• Who Has Affordable Oklahoma City Auto Insurance Rates for a Chevrolet Silverado? (AutoGuardOKC.com)
• State Laws for Cellphones and Texting (iihs.org)
• Shopping for a Safe Car (Insurance Information Insitute)
• What Does No-Fault Insurance Cover? (Allstate)
• Safety Features for Your New Car (State Farm)