Strategies for Finding the Best Chevy Silverado 1500HD Insurance Prices

Nobody I know looks forward to paying for auto insurance, particularly when they are paying too much.

Lots of insurers contend to insure your vehicles, so it’s not easy to compare every insurer to discover the definitive lowest cost out there.

Don’t overlook these discounts

Insuring your fleet can be pricey, but you may find discounts to help offset the cost. Certain discounts will be applied when you quote, but a few must be inquired about prior to getting the savings.

• Accident Forgiveness – Some insurance companies will allow you to have one accident without raising rates if you are claim-free for a particular time prior to the accident.
• Early Switch Discount – Some companies give discounts for buying a policy before your current policy expires. It’s a savings of about 10%.
• Seat Belt Usage – Drivers who require all occupants to buckle their seat belts could cut 10% or more off your PIP or medical payments premium.
• Life Insurance – Companies who offer life insurance give a discount if you purchase life insurance from them.
• Claim Free – Claim-free drivers pay much less when compared to frequent claim filers.
• Pay Upfront and Save – If you pay your bill all at once instead of monthly or quarterly installments you may reduce your total bill.
• Student Driver Training – Cut your cost by having your teen driver successfully complete driver’s ed class in school.

Consumers should know that some of the credits will not apply to the entire policy premium. A few only apply to the cost of specific coverages such as medical payments or collision. So when it seems like you would end up receiving a 100% discount, companies wouldn’t make money that way. But any discount will help reduce the cost of coverage.

How to Compare Auto Insurance Quotes

The are a couple different ways of comparing rates and find the best price. One of the best ways to find the lowest Chevy Silverado 1500HD rates is to perform an online rate comparison. It is quite easy and can be accomplished in just a few minutes using one of these methods.

1. The fastest way to find the lowest comparison rates is to use a rate comparison form (click to open form in new window). This easy form eliminates the need for separate quote forms to each individual auto insurance company. One simple form will return quotes from all major companies.
2. A more difficult way to obtain and compare quotes online is to take the time to go to each company’s website to complete their respective quote request forms. For examples sake, let’s say you want to compare rates from State Farm, GEICO and Travelers. To find out each rate you need to go to every website and enter your information, which is why most consumers use the first method. For a list of links to insurance companies in your area, click here.

It’s up to you which method you use, but compare exactly the same coverage limits and deductibles on every quote. If you enter different liability limits it will be very difficult to make a fair comparison for your Chevy Silverado 1500HD. Just a small difference in limits could mean much higher rates. And when comparing auto insurance rates, know that getting more free quotes provides better odds of finding a better price.

These factors can influence what you pay for Chevy Silverado 1500HD insurance

It’s important that you understand some of the elements that go into determining auto insurance rates. Knowing what influences your rates empowers consumers to make smart changes that may reward you with lower auto insurance prices.

Listed below are a partial list of the pieces used by your company to calculate rates.

• No coverage gaps is important – Driving with no insurance can get your license suspended and auto insurance companies will penalize you for letting your coverage have a gap. Not only will rates go up, failure to provide proof of insurance can result in a steep fine or even jail time.
• How credit affects auto insurance rates – Your credit score is a large factor in your rate calculation. Drivers with high credit ratings tend to file fewer claims and have better driving records than those with poor credit. If your credit is low, you could be paying less to insure your Chevrolet Silverado 1500HD by improving your rating.
• What are your deductibles? – Coverage for physical damage, also known as collision and other-than-collision, is used to repair damage to your Chevy. A few examples of covered claims would be running into the backend of another car, damage caused by hail, and windstorm damage. Physical damage deductibles are how much you are required to spend if you file a covered claim. The more expense you have to pay, the lower your rates will be on SilveradoHD coverage.
• Mature drivers pay less – Teenage drivers tend to be careless and easily distracted when behind the wheel so they pay higher auto insurance rates. Older insureds are more cautious drivers, file fewer claims and tend to be better behind the wheel.

Save $429 a year. For real?

Auto insurance providers like GEICO, State Farm and Progressive constantly bombard you with ads on television and other media. They all make an identical promise of big savings if you switch to them. How can each company claim to save you money? This is how they do it.

All the different companies have a certain “appetite” for the type of customer that earns them a profit. An example of a profitable customer could possibly be between 30 and 50, has no driving citations, and chooses high deductibles. Any driver who meets those qualifications receives the best rates and therefore will pay quite a bit less when switching companies.

Potential insureds who don’t meet these standards will have to pay a higher premium which usually ends up with business not being written. The ads say “drivers who switch” not “everybody who quotes” save that much money. That’s why insurance companies can claim big savings.

Because of the profiling, it’s extremely important to get quotes from several different companies. It’s not possible to predict which auto insurance company will provide you with the cheapest rates.

Online plus local equals savings

We just showed you some good ideas how you can save on Chevy Silverado 1500HD insurance. It’s most important to understand that the more companies you get rates for, the higher your chance of finding lower rates. Consumers could even find that the best price on auto insurance is with the smaller companies. These smaller insurers may often insure only within specific states and give getter rates than the large multi-state companies such as Progressive and GEICO.

When buying insurance coverage, you should never reduce needed coverages to save money. There are a lot of situations where an insured cut liability coverage limits and discovered at claim time that the savings was not a smart move. Your focus should be to purchase a proper amount of coverage for the lowest price while still protecting your assets.

Affordable Chevy Silverado 1500HD insurance is available online and also from your neighborhood agents, and you need to comparison shop both to have the best rate selection. There are still a few companies who may not provide online price quotes and these small, regional companies work with independent agents.