10 Excellent Ways to Lower Chevy Silverado 3500 Insurance Premium

Nobody I know looks forward to paying for car insurance, especially knowing the price is too high. Consumers have many insurers to purchase coverage from, and although it’s a good thing to have multiple companies, too many choices makes it more difficult to get the best deal.

You need to price shop coverage periodically due to the fact that insurance rates are usually higher with each renewal. Just because you had the best deal on Silverado insurance on your last policy you can probably find a lower rate today. Forget anything you know (or think you know) about car insurance because I’m going to let you in on the secrets to the easiest way to buy cheaper car insurance.

Factors that can influence insurance rates for a Chevy Silverado 3500

Smart consumers have a good feel for some of the elements that help determine the rates you pay for car insurance. Understanding what impacts premium levels empowers consumers to make smart changes that can help you get big savings.

• Battle of the sexes – The statistics show women tend to be less risk to insure than men. Now that doesn’t mean women are better drivers. Men and women cause accidents at about the same rate, but the male of the species tend to have more serious accidents. Men also tend to get more serious tickets such as reckless driving.
• Frequent car insurance claims increase rates – Car insurance companies give cheaper rates to drivers who are claim-free. If you frequently file small claims, you can expect higher rates. Car insurance is designed for larger claims.
• Your car insurance rates can be influenced by your job – Did you know your occupation can influence how much you pay for car insurance? Occupations like lawyers, business owners and financial analysts tend to have higher average rates due to stressful work requirements and lengthy work days. Conversely, occupations such as actors, engineers and homemakers receive lower rates on Silverado insurance.
• Adjust deductibles and save – Physical damage coverage, otherwise known as comp (or other than collision) and collision, protects your Chevy from damage. A few examples of covered claims are a windshield shattered by a rock, collision with an animal, and burglary. Physical damage deductibles are the amount of money you are required to spend in the event of a claim. The more you have to pay, the less your car insurance will be on Silverado insurance.

Save money by taking advantage of these discounts

Auto insurance companies don’t always list all their discounts in an easy-to-find place, so we took the time to find both the well known and the more hidden car insurance savings. If they aren’t giving you every credit available, you’re paying more than you need to.

• Sign Online – A few companies give back up to $50 for buying your policy digitally online.
• Safety Course Discount – Taking a course in driver safety could possibly earn you a 5% discount and easily recoup the cost of the course.
• Military Discounts – Being deployed with a military unit could mean lower rates.
• Multiple Vehicles – Buying insurance for multiple vehicles on one policy may reduce the rate for each vehicle.
• Homeowners Pay Less – Simply owning a home can save you money because maintaining a house shows financial diligence.
• Anti-theft Discount – Anti-theft and alarm systems help deter theft and earn discounts up to 10%.
• Auto/Life Discount – Companies who offer life insurance give a discount if you purchase life insurance from them.
• One Accident Forgiven – A handful of insurance companies will forgive one accident before hitting you with a surcharge if you are claim-free prior to the accident.
• Discount for Good Grades – Performing well in school can get you a discount of up to 25%. This discount can apply until age 25.

It’s important to note that most of the big mark downs will not be given to the entire cost. Some only apply to the cost of specific coverages such as medical payments or collision. So even though they make it sound like you can get free auto insurance, companies don’t profit that way.

For a list of insurance companies who offer car insurance discounts, follow this link.

Are you falling for claims of savings?

Consumers can’t get away from ads that promise big savings from companies such as Progressive, GEICO, Allstate and State Farm. All the ads make an identical promise that you’ll save big if you move your policy.

How does each company make almost identical claims? This is how they do it.

All companies can use profiling for the right customer that makes them money. An example of a driver they prefer could possibly be between the ages of 30 and 50, is a homeowner, and has excellent credit. Any new insured that hits that “sweet spot” is entitled to the best price and most likely will cut their rates substantially.

Potential insureds who do not match the “perfect” profile will be charged a more expensive rate which usually ends up with the customer not buying. Company advertisements say “people who switch” not “everyone that quotes” save that much money. That’s why companies can truthfully state the savings. That is why it’s extremely important to get as many quotes as possible. It’s not possible to predict which car insurance company will fit your personal profile best.

When should I use an insurance agent?

When buying the right insurance coverage, there isn’t really a perfect coverage plan. Every insured’s situation is different so this has to be addressed. Here are some questions about coverages that can help discover whether you may require specific advice.

• Can my teen driver be rated on a liability-only vehicle?
• Can I afford to buy a different vehicle if my Chevy Silverado 3500 is totaled?
• What discounts do I qualify for?
• Why am I be forced to buy a membership to get insurance from some companies?
• What are the best liability limits?
• Am I covered when using my vehicle for business?
• Will I lose any money if I cancel my policy before it expires?

If you don’t know the answers to these questions but a few of them apply then you might want to talk to an agent. If you don’t have a local agent, fill out this quick form or click here for a list of car insurance companies in your area. It’s fast, free and can help protect your family.

Online plus local equals savings

When buying insurance coverage, you should never reduce coverage to reduce premium. There have been many cases where an insured cut liability coverage limits only to regret they didn’t purchase enough coverage. The aim is to buy the best coverage you can find at a price you can afford.

In this article, we presented some good ideas how you can compare Chevy Silverado 3500 insurance prices online. The most important thing to understand is the more price quotes you have, the better likelihood of reducing your rate. You may even find the best price on car insurance is with a lesser-known regional company. These smaller insurers often have lower prices on specific markets than their larger competitors like State Farm and Allstate.