2008 Chevrolet Silverado 2500HD Insurance Rates – 7 Ideas for Cheaper Quotes

No one looks forward to paying for insurance coverage, in particular when they could find lower prices if they just compared rates.

You have multiple insurers to insure vehicles with, and although it’s a good thing to have a selection, more choices can make it harder to find the best rates.

Buying car insurance is not that difficult. Just about everyone who is shopping for auto insurance will most likely be able to lower their premiums. Although car owners do need to know how companies sell insurance online and apply this information to your search.

The easiest way to compare car insurance company rates is to take advantage of the fact most insurance companies participate in a system to give free rates quotes. The one thing you need to do is provide information including what your job is, coverage limits, whether you drive to work or school, and types of safety features. That rating data is submitted instantly to many of the top insurers and they provide comparison quotes very quickly.

To start a rate quote now, click here and enter the information requested.

Save $457 a year! What?

Insurance coverage companies such as Progressive, Allstate and Geico continually stream television, radio, and online ads. They all seem to make the same claim that you can save just by moving your policy. How can each company sell you cheaper insurance coverage? Here is the trick they use.

Insurance companies have specific criteria for the type of customer that is profitable for them. A good example of this type of driver may be over the age of 40, owns their home, and drives a safe vehicle. Any customer who matches that profile will get low rates and have a good chance to save some money.

Insureds who don’t measure up to those criteria may be required to pay a higher rate which results in the customer buying from someone else. The ads state “customers that switch” not “everybody who quotes” can get the lowest rates when switching. That is how insurance companies can claim big savings. Because each company has a different risk profile, you really should quote coverage with many companies. Because you cannot predict with any certainty which company will provide you with the cheapest car insurance rates.

More affordable rates with these seven discounts

Auto insurance companies don’t always advertise all their discounts very clearly, so the following list contains both the well known as well as some of the hidden credits available to lower your premiums when you buy insurance coverage online.

• Save over 55 – Drivers over the age of 55 may qualify for a small decrease in premiums for SilveradoHD coverage.
• Seat Belt Discounts – Buckling up and requiring all passengers to buckle up can save 10% or more on medical payment and PIP coverage.
• Discounts for New Vehicles – Buying insurance coverage coverage on a new vehicle can cost up to 25% less because newer models keep occupants safer.
• Theft Deterent System – Vehicles with anti-theft systems can help prevent theft and that can save you a little bit as well.
• Resident Student – Older children who live away from home at college without a vehicle on campus can be insured at a reduced rate.
• Multi-car Discount – Drivers who insure primary and secondary vehicles with the same company can get a discount for every vehicle.
• Multiple Policy Discount – If you combine your home and auto policies with the same insurance company you may save as much as 10 to 15 percent.

Remember that most credits do not apply the the whole policy. Most only cut individual premiums such as comp or med pay. So even though it sounds like you could get a free insurance coverage policy, companies don’t profit that way.

Companies that have these discounts are:

• State Farm
• Geico
• Progressive
• 21st Century
• American Family
• The Hartford
• AAA

When getting free insurance coverage quotes, it’s a good idea to each company which discounts you qualify for. Some discounts may not apply to policyholders in your area. To see insurance coverage companies who offer insurance coverage discounts, click here.

What is the best insurance coverage?

When choosing the right insurance coverage for your personal vehicles, there is no cookie cutter policy. Everyone’s situation is unique and your policy should reflect that. For example, these questions may help you determine if your insurance needs would benefit from professional advice.

• Should I drop comprehensive coverage on older vehicles?
• What is medical payments coverage?
• Can my teen drive my company car?
• Am I covered if I break a side mirror?
• Am I covered by my employer’s commercial auto policy when driving my personal car for business?
• Is motorclub coverage worth it?
• Do I really need UM/UIM coverage?

If you can’t answer these questions but you think they might apply to your situation then you might want to talk to an agent. To find an agent in your area, take a second and complete this form or click here for a list of insurance companies in your area.

Detailed coverages of your insurance policy

Having a good grasp of insurance can be of help when determining appropriate coverage at the best deductibles and correct limits. Policy terminology can be impossible to understand and even agents have difficulty translating policy wording. Shown next are typical coverages found on the average insurance policy.

Comprehensive or Other Than Collision

Comprehensive insurance coverage covers damage that is not covered by collision coverage. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for claims such as a tree branch falling on your vehicle, damage from a tornado or hurricane and rock chips in glass. The maximum payout you can receive from a comprehensive claim is the market value of your vehicle, so if the vehicle’s value is low consider removing comprehensive coverage.

Auto liability

Liability insurance will cover damage or injury you incur to other’s property or people 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 might see values of 50/100/50 which means $50,000 in coverage for each person’s injuries, a limit of $100,000 in injury protection per accident, and a limit of $50,000 paid for damaged property.

Liability coverage pays for things such as legal defense fees, medical expenses and court costs. How much coverage you buy is a personal decision, but buy as much as you can afford.

Collision insurance

Collision coverage pays to fix your vehicle from damage resulting from colliding with another car or object. You will need to pay your deductible then the remaining damage will be paid by your insurance company.

Collision can pay for claims such as rolling your car, sideswiping another vehicle, hitting a parking meter and colliding with a tree. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from vehicles that are older. You can also increase the deductible to bring the cost down.

Medical costs insurance

Medical payments and Personal Injury Protection insurance kick in for expenses for things like ambulance fees, rehabilitation expenses and funeral costs. They are utilized in addition to your health insurance policy or if you lack health insurance entirely. Coverage applies to not only the driver but also the vehicle occupants in addition to getting struck while a pedestrian. PIP is not available in all states but it provides additional coverages not offered by medical payments coverage

UM/UIM Coverage

This coverage protects you and your vehicle’s occupants from other drivers when they do not carry enough liability coverage. Covered losses include medical payments for you and your occupants as well as your vehicle’s damage.

Due to the fact that many drivers carry very low liability coverage limits, their liability coverage can quickly be exhausted. So UM/UIM coverage is very important.

In conclusion

When searching for affordable insurance coverage quotes, do not reduce coverage to reduce premium. There have been many cases where an insured cut uninsured motorist or liability limits only to discover later that a couple dollars of savings turned into a financial nightmare. Your aim should be to buy the best coverage you can find at the best price.

We just covered a lot of tips how to compare 2008 Chevy Silverado 2500HD insurance car insurance rates online. It’s most important to understand that the more providers you compare, the better chance you’ll have of finding low cost insurance coverage. You may even find the lowest car insurance rates come from a smaller regional carrier. Some small companies may only write in your state and offer lower premium rates compared to the large companies like State Farm or Progressive.

Helpful articles

• Car Insurance FAQ (Trusted Choice)
• Who Has Cheap Car Insurance for a Chevrolet Silverado in Madison? (MadisonInsure.com)
• State Laws for Cellphones and Texting (iihs.org)
• Vehicle Safety Ratings (iihs.org)
• What Does No-Fault Insurance Cover? (Allstate)
• Should I Purchase an Umbrella Liability Policy? (Insurance Information Insitute)