How Much Does 2011 Chevrolet Silverado 2500HD Car Insurance Cost?

Are you regretting the purchase of an overpriced insurance policy? It’s a common feeling and you are not the only one feeling buyer’s remorse.

Big companies like Allstate, Progressive and Geico all claim big savings, bombarding you with catchy ads and it is difficult to not get sucked in by the cute commercials and find the best price available.

Smart consumers take time to do rate comparisons periodically since insurance prices are usually higher with each renewal. Despite the fact that you may have had the lowest rate for SilveradoHD coverage a year ago the chances are good that you can find a lower premium rate today. You’ll find a ton of advice on insurance online but I’m going to show you the easiest ways to save money.

If you have car insurance now, you will be able to lower your premiums substantially using this strategy. Choosing the best insurance company for you is not that difficult. Nevertheless, drivers must know the methods companies use to sell online and apply this information to your search.

How to get free car insurance quotes online

There are several ways of comparing rate quotes from many car insurance companies in your state. The best method to do a complete rate comparison is simply to get online rate quotes. This can be done in just a few minutes using one of these methods.

1. If you are pressed for time, the simplest way to find the lowest comparison rates is to use a rate comparison form click here to open form in new window. This quick form saves time by eliminating multiple quote forms to each individual car insurance company. A single form gets rate comparisons instantly.
2. A more difficult way to get quotes online is to take the time to go to each company’s website and repeat the quote process. For example, let’s assume you want to see prices from Farmers, 21st Century and State Farm. To get each rate you have to go to each individual site to enter your coverage information, which explains why we recommend starting with the first method.

   For a list of links to insurance companies in your area, click here.

3. The most time-consuming method to comparison shop rate quotes is making phone calls or going to different agent offices. Quoting online reduces the need to sit down with an agent unless your situation requires the advice and guidance that only a licensed agent can provide. You can, however, find lower rates online but still have the advice of a local agent.

It’s up to you how you get prices quotes, just make absolute certain that you use equivalent deductibles and coverage limits on every price quote you get. If the quotes have different values for each quote you can’t possibly determine which rate is truly the best. Just a small difference in insurance coverages may result in large price differences. Just keep in mind that comparing a wide range of rates helps you find the best rates. Not every company allows you to get online quotes, so you should also compare prices from them, too.

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Save $469 a year! What?

Respected companies like State Farm, Geico and Progressive regularly use ads in print and on television. All the companies try to convey promises about how much you will save if you switch your policy. How is it possible that every company can give you a better price? You have to listen carefully.

Most companies are able to cherry pick for the type of driver they prefer to insure. A good example of this type of risk profile may be over the age of 45, has few claims, and drives less than 5,000 miles a year. A customer who fits that profile receives the best prices and therefore will save quite a bit of money when switching.

Consumers who do not meet those criteria may be required to pay more expensive rates which usually ends up with the customer buying from a different company. If you pay attention, the ads say “people who switch” not “everyone who quotes” can save as much as they claim. This is how insurance companies can confidently make claims that they all have the best prices. Different companies use different criteria so you really need to do a quote comparison often. It’s just too difficult to predict the company that will have the lowest rate quotes.

How do insurance providers determine Chevy Silverado 2500HD insurance premiums?

Multiple criteria are taken into consideration when you get your auto insurance bill. Some are obvious like a motor vehicle report, although others are more transparent like where you live or your commute time.Smart consumers have a good feel for some of the factors that aid in calculating the rates you pay for car insurance. If you know what positively or negatively impacts your premiums, this enables informed choices that can help you get cheaper rates.

The factors shown below are a few of the “ingredients” used by your company to calculate your premiums.

• Rates can drop if you have more than one policy – Most car insurance companies allow discounts to insureds who have multiple policies with them, otherwise known as a multi-policy discount. If you currently are using one company, it’s still a good idea to get quotes from other companies to help ensure you have the lowest rates.There is a good possibility that you can find a better deal by insuring with multiple companies.
• Careless drivers pay higher prices – Having a single moving violation can bump up the cost to the point where it’s not affordable. Good drivers pay lower auto insurance prices compared to bad drivers. Drivers who have severe citations like DUI or willful reckless driving may need to maintain a SR-22 with the DMV in their state in order to legally drive a vehicle.
• Lower coverage deductibles cost more – Insurance for physical damage, commonly called comprehensive (or other-than-collision) and collision coverage, insures against damage to your Chevy. Some examples of covered claims are a dented fender, hitting a deer, and having your car stolen. Deductibles for physical damage represent how much money you are required to spend if a claim is determined to be covered. The more damage repair cost you are required to pay out-of-pocket, the less your company will charge you for insurance for SilveradoHD coverage.
• Vehicles with better crash test results save money – Cars with high safety ratings tend to be cheaper to insure. The safest vehicles protect occupants better and fewer injuries translates directly to fewer claims which can mean better rates for you.
• Prevent theft and reduce car insurance rates – Choosing a vehicle that has an advanced theft prevention system can save you some money. Anti-theft devices such as vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems all hinder auto theft and help lower rates.
• Insurance premiums and driver gender – Over the last 30 years, statistics show females are less aggressive when driving. That doesn’t necessarily mean that women are better drivers. Both sexes have fender benders at a similar rate, but guys cause more damage and cost insurance companies more money. They also get cited for more serious violations like DWI (DUI) or reckless driving.
• Youthful drivers are expensive to insure – Teen drivers have a tendency to be careless and easily distracted in a vehicle and because of this, their car insurance rates are much higher. Parents adding a youthful driver to your policy can be quite pricey. Older drivers tend to be more responsible, cost insurance companies less in claims and are safer drivers.

Auto insurance discounts help reduce rates

Companies offering auto insurance don’t always advertise the complete list of policy discounts very clearly, so we break down a few of the more common and also the lesser-known credits available to you.

• Include Life Insurance and Save – Not every insurance company offers life insurance, but if they do you may earn a lower premium rate if you buy a life policy as well.
• No Claim Discounts – Good drivers with no accidents pay less as opposed to frequent claim filers.
• Pay Early and Save – If you pay your entire premium ahead of time rather than spreading payments over time you can actually save on your bill.
• Save with More Vehicles Insured – Drivers who insure multiple vehicles with the same company can reduce the rates for all insured vehicles.
• One Accident Forgiven – but certain companies will turn a blind eye to one accident without raising rates so long as you haven’t had any claims before the accident.
• Seat Belts Save more than Lives – Using a seat belt and requiring all passengers to use their safety belts may be able to save a few bucks off PIP or medical payments premium.

Please keep in mind that most of the big mark downs will not be given to your bottom line cost. Most only apply to the cost of specific coverages such as physical damage coverage or medical payments. Just because you may think all the discounts add up to a free policy, you won’t be that lucky. Any amount of discount will reduce your policy premium.

Some companies that may offer policyholders many of the previously listed discounts are:

• Mercury Insurance
• Farmers Insurance
• Farm Bureau
• State Farm
• Allstate
• Geico

Before you buy a policy, ask every prospective company the best way to save money. Some of the discounts discussed earlier might not apply in your area.

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Which is the best insurance?

When buying proper insurance coverage, there really is no “perfect” insurance plan. Coverage needs to be tailored to your specific needs and your policy should reflect that. For instance, these questions can aid in determining whether or not you would benefit from professional advice.

• Do I have coverage when pulling a U-Haul trailer?
• When should I not file a claim?
• Will I lose any money if I cancel my policy before it expires?
• Which is better, split liability limits or combined limits?
• Should I drop comprehensive coverage on older vehicles?
• Am I covered by my employer’s commercial auto policy when driving my personal car for business?
• Can I rate high risk drivers on liability-only vehicles?
• Do I need more liability coverage?

If you don’t know the answers to these questions but you know they apply to you then you might want to talk to an insurance agent. To find lower rates from a local agent, simply complete this short form or go to this page to view a list of companies.

Auto insurance 101

Learning about specific coverages of your policy can help you determine appropriate coverage and proper limits and deductibles. Insurance terms can be confusing and coverage can change by endorsement. These are typical coverage types offered by insurance companies.

Comprehensive coverage

Comprehensive insurance coverage covers damage that is not covered by collision coverage. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive coverage protects against things such as a tree branch falling on your vehicle, rock chips in glass and fire damage. The most you’ll receive from a claim is the ACV or actual cash value, so if the vehicle’s value is low consider removing comprehensive coverage.

Uninsured/Underinsured Motorist coverage

Your UM/UIM coverage protects you and your vehicle from other motorists when they either are underinsured or have no liability coverage at all. Covered claims include medical payments for you and your occupants as well as damage to your 2011 Chevy Silverado 2500HD.

Since a lot of drivers carry very low liability coverage limits, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages should not be overlooked.

Liability coverages

Liability insurance protects you from damage that occurs to people or other property that is your fault. This insurance protects YOU from claims by other people, and does not provide coverage for damage sustained by your vehicle in an accident.

Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show policy limits of 50/100/50 that translate to $50,000 in coverage for each person’s injuries, a total of $100,000 of bodily injury coverage per accident, and a total limit of $50,000 for damage to vehicles and property.

Liability coverage pays for claims like loss of income, attorney fees, medical expenses, repair costs for stationary objects and court costs. How much coverage you buy is a decision to put some thought into, but buy higher limits if possible.

Medical payments coverage and PIP

Med pay and PIP coverage provide coverage for short-term medical expenses for things like X-ray expenses, nursing services, doctor visits, dental work and surgery. The coverages can be used to cover expenses not covered by your health insurance plan or if you do not have health coverage. Medical payments and PIP cover you and your occupants and also covers getting struck while a pedestrian. PIP is not an option in every state but can be used in place of medical payments coverage

Collision coverage protection

This coverage pays to fix your vehicle from damage resulting from colliding with another vehicle or an object, but not an animal. A deductible applies then your collision coverage will kick in.

Collision coverage pays for claims such as colliding with another moving vehicle, driving through your garage door, sustaining damage from a pot hole and crashing into a building. Collision coverage makes up a good portion of your premium, so consider dropping it from older vehicles. Another option is to raise the deductible in order to get cheaper collision rates.

In conclusion

We just showed you many tips how you can reduce 2011 Chevy Silverado 2500HD insurance rates online. The key concept to understand is the more times you quote, the better your chances of lowering your auto insurance rates. You may even discover the best rates are with a smaller regional carrier. These companies can often provide lower auto insurance rates in certain areas than the large multi-state companies such as State Farm or Progressive.

As you restructure your insurance plan, it’s not a good idea to reduce coverage to reduce premium. Too many times, an accident victim reduced physical damage coverage only to regret at claim time that the few dollars in savings costed them thousands. Your goal should be to get the best coverage possible for the lowest cost and still be able to protect your assets.

More detailed car insurance information can be read in the articles below:

• What is a Telematics Device? (Allstate)
• A Tree Fell on Your Car: Now What? (Allstate)
• What is Covered by GAP Insurance? (Allstate)
• Steps to Take After an Auto Accident (Insurance Information Insitute)
• Frontal Crash Tests (iihs.org)
• Protect Yourself Against Auto Theft (Insurance Information Insitute)

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