Compare 2007 Chevrolet Silverado 2500HD Insurance Quotes

Searching for better auto insurance rates for your Chevrolet Silverado 2500HD? Trying to come up with a payment for expensive auto insurance can overdraw your bank account and require stricter spending habits. Vehicle owners have multiple insurance companies to purchase coverage from, and although it’s nice to have a choice, too many choices makes it more difficult to compare rates.

Which auto insurance is cheapest?

Getting a more affordable price on 2007 Chevy Silverado 2500HD insurance is actually quite simple. You just need to spend a little time comparing rate quotes to see which company has cheap auto insurance quotes. It’s super easy and can be done in just a few minutes using one of these methods.

The best way to get quotes is an all-inclusive rate comparison like this one (opens in new window). This method keeps you from doing separate quote forms for every auto insurance company. One form submission gets coverage cost estimates from multiple companies.

A harder way to get quotes online requires a trip to the website of each company to complete their respective quote request forms. For sake of this example, let’s say you want to compare prices for Farmers, Progressive and Liberty Mutual. In order to compare rates, you need to spend time going to each site individually to enter the same coverage data repeatedly, which explains why we recommend starting with the first method. For a list of links to companies insuring cars in your area, click here.

It doesn’t matter which method you choose, just do your best to enter nearly identical quote information on every price quote you get. If you enter differing limits you will not be able to make a fair rate comparison.

How car insurance companies determine Chevy Silverado 2500HD insurance costs

Many things are used in the calculation when premium rates are determined. Some are pretty understandable such as your driving record, but other criteria are more obscure such as your credit history or how financially stable you are.

• Cautious drivers pay the best costs – Good drivers get better rates compared to bad drivers. Getting just one speeding ticket can boost insurance rates by as much as thirty percent. Drivers unfortunate enough to have flagrant violations such as reckless driving or DUI might be required by their state to prove financial responsibility with their state in order to legally drive a vehicle.
• Prevent theft and reduce auto insurance rates – Purchasing a vehicle that has an advanced theft prevention system can save you a little every year. Anti-theft features like LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system all hinder vehicle theft.
• Additional coverages that may be costing you – Policies have additional coverages that you can buy when buying auto insurance. Insurance for replacement cost coverage, accident forgiveness, and extra equipment coverage may be wasting your money. The coverages may be enticing when deciding what coverages you need, but now you might not need them so consider taking them off your policy.
• Insure car and home with the same company – Most insurance companies give a discount to clients that purchase more than one policy. It’s known as a multi-policy discount. If you currently are using one company, you still need to comparison shop to guarantee you are still saving the most. Drivers may still save even more than the discount by buying from different companies
• Raise deductibles and save – Deductibles for physical damage represent how much money you are required to spend if a covered claim is submitted. Coverage for physical damage, also called comprehensive and collision insurance, covers damage that occurs to your car. Examples of covered claims are rearending another vehicle, fire damage, and damage from wind. The more money you are required to pay out-of-pocket, the bigger discount you will receive for SilveradoHD coverage.
• How much liability coverage – Your policy’s liability coverage provides coverage if ever a court rules you are at fault for causing personal injury or damage in an accident. Liability insurance provides you with a defense in court to attempt to prove you were not liable. It is affordable coverage as compared to coverage for physical damage, so drivers should carry high limits.

These discounts can reduce insurance rates

Some providers don’t necessarily list all disounts in an easy-to-find place, so the following is a list of a few of the more common as well as some of the hidden credits that you can use to lower your rates. If you don’t get every credit you deserve, you are just wasting money.

• Discount for Life Insurance – Select insurance companies reward you with a lower insurance rate if you buy auto and life insurance together.
• Early Renewal Discounts – A few companies allow discounts for buying a policy prior to the expiration date on your current policy. It could save around 10% when you buy auto insurance online.
• Student Discounts – Getting good grades may save as much as 25% on a auto insurance quote. The good student discount can last well after school through age 25.
• Claim-Free Discount – Insureds who avoid accidents and claims are rewarded with significantly better rates on auto insurance quote when compared to insureds who have frequent claims or accidents.
• Theft Deterent System – Vehicles that have factory alarm systems and tracking devices have a lower chance of being stolen and earn discounts up to 10% off your auto insurance quote.

A little note about advertised discounts, most discounts do not apply the the whole policy. Most cut the cost of specific coverages such as liability, collision or medical payments. Even though it appears you would end up receiving a 100% discount, you’re out of luck.

Auto insurance companies that may have these discounts may include but are not limited to:

• State Farm
• Geico
• Allstate
• SAFECO
• Farm Bureau
• Progressive
• AAA

It’s a good idea to ask each company or agent which discounts you qualify for. Some credits may not apply in every state.

When do I need an agent’s advice?

When it comes to choosing adequate coverage for your vehicles, there really is no single plan that fits everyone. Everyone’s needs are different and your policy should reflect that. These are some specific questions could help you determine if your insurance needs would benefit from an agent’s advice.

• What vehicles should carry emergency assistance coverage?
• Am I covered when driving on a suspended license?
• Will my rates increase for filing one claim?
• Is my teenager covered with friends in the car?
• Should I bundle my homeowners policy with my auto?
• Do I need higher collision deductibles?
• Am I covered when using my vehicle for business?
• Can I rent a car in Mexico?
• How do I file an SR-22 for a DUI in my state?
• Do I need added coverage for expensive stereo equipment?

If you can’t answer these questions but you think they might apply to your situation, you may need to chat with a licensed insurance agent. If you want to speak to an agent in your area, complete this form or you can go here for a list of companies in your area. It only takes a few minutes and may give you better protection.

Auto insurance coverages

Knowing the specifics of insurance can be of help when determining appropriate coverage and the correct deductibles and limits. Insurance terms can be ambiguous and even agents have difficulty translating policy wording. These are typical coverages found on the average insurance policy.

Coverage for liability

This coverage protects you from damages or injuries you inflict on other people or property in an accident. This coverage protects you against claims from other people. It does not cover your injuries or vehicle damage.

Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see values of 25/50/25 that translate to a limit of $25,000 per injured person, a limit of $50,000 in injury protection per accident, and $25,000 of coverage for damaged propery. Another option is a combined limit which provides one coverage limit rather than limiting it on a per person basis.

Liability coverage pays for things such as pain and suffering, medical services, repair costs for stationary objects and structural damage. The amount of liability coverage you purchase is a decision to put some thought into, but you should buy as large an amount as possible.

Protection from uninsured/underinsured drivers

Uninsured or Underinsured Motorist coverage gives you protection when the “other guys” either have no liability insurance or not enough. This coverage pays for hospital bills for your injuries as well as damage to your 2007 Chevy Silverado 2500HD.

Since many drivers only carry the minimum required liability limits, their limits can quickly be used up. For this reason, having high UM/UIM coverages is very important. Normally the UM/UIM limits are similar to your liability insurance amounts.

Medical expense insurance

Personal Injury Protection (PIP) and medical payments coverage reimburse you for expenses like EMT expenses, doctor visits, rehabilitation expenses and surgery. They are utilized in addition to your health insurance policy or if there is no health insurance coverage. Coverage applies to not only the driver but also the vehicle occupants in addition to being hit by a car walking across the street. Personal Injury Protection is not universally available but can be used in place of medical payments coverage

Comprehensive (Other than Collision)

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

Comprehensive insurance covers things such as hitting a bird, vandalism, rock chips in glass, damage from a tornado or hurricane and theft. The maximum payout a insurance company will pay at claim time is the market value of your vehicle, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.

Coverage for collisions

This coverage covers damage to your Silverado 2500HD caused by collision with another car or object. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision insurance covers things like damaging your car on a curb, colliding with another moving vehicle, hitting a mailbox and backing into a parked car. Collision is rather expensive coverage, so consider dropping it from vehicles that are 8 years or older. Another option is to raise the deductible to bring the cost down.

The best insurance company isn’t always the cheapest

Lower-priced 2007 Chevy Silverado 2500HD insurance is attainable from both online companies and from local insurance agents, and you need to price shop both in order to have the best chance of saving money. Some insurance companies may not provide rates over the internet and most of the time these small, regional companies sell through independent agents.

When you buy auto insurance online, you should never skimp on coverage in order to save money. Too many times, someone dropped comprehensive coverage or liability limits only to regret at claim time that they should have had better coverage. The proper strategy is to get the best coverage possible at the best possible price but still have enough coverage for asset protection.

For more information, feel free to browse the articles below:

• Car Insurance: When not to Skimp (BankRate.com)
• Teen Driving Statistics (Geico)
• Auto Insurance Facts and Statistics (Insurance Information Insitute)
• How Can I Save Money on Auto Insurance? (Insurance Information Insitute)