2000 Chevrolet Silverado 2500 Insurance Rates

Are you sick and tired of paying out the nose to insure your Chevy every month? You are no different than millions of other consumers. Numerous auto insurance companies battle for your business, and because of this it can be hard to compare car insurance companies to discover the definitive cheapest price

Consumers need to compare prices every six months since insurance rates are variable and change quite frequently. Just because you found the lowest rates for Silverado coverage two years ago a different company probably has better rates today. Starting right now, forget all the misinformation about car insurance because you’re going to learn how to use the internet to remove unneeded coverages and save money.

The best way to compare policy rates is to know the trick most of the larger companies allow for online access to give rate comparisons. All you need to do is provide details such as an estimate of your credit level, if you have a valid license, distance driven, and if you went to college. Your information gets transmitted to multiple top-rated companies and they provide comparison quotes almost instantly.

Don’t miss these discounts

Car insurance is not cheap, but discounts can save money and there are some available that you may not know about. Most are applied when you get a quote, but a few must be asked about prior to receiving the credit. If you don’t get every credit you qualify for, you are paying more than you should be.

  • Paperwork-free – A handful of insurance companies may give you up to $50 for buying a policy and signing up digitally online.
  • Safe Driver Discount – Insureds without accidents may save up to 50% more for Silverado coverage than drivers with accident claims.
  • Low Mileage Discounts – Fewer annual miles on your Chevy can earn a substantially lower rate.
  • Homeowners Savings – Simply owning a home can save you money because owning a home requires personal responsibility.
  • Early Signing – A few companies offer discounts for switching to them prior to your current policy expiration. This can save 10% or more.
  • Student in College – Any of your kids who live away from home and don’t have a car can be insured at a reduced rate.
  • Safety Course Discount – Completing a defensive driving course could possibly earn you a 5% discount and easily recoup the cost of the course.
  • No Accidents – Good drivers with no accidents pay much less when compared to drivers who are more careless.
  • Good Students Pay Less – This discount can save 20 to 25%. The discount lasts well after school through age 25.
  • Braking Control Discount – Cars that have steering control and anti-lock brakes can reduce accidents and qualify for as much as a 10% discount.

It’s important to note that most credits do not apply to the entire cost. Most only cut individual premiums such as comp or med pay. So even though they make it sound like adding up those discounts means a free policy, companies don’t profit that way. But all discounts will reduce your premiums.

Companies that may have these benefits include:

Before buying, ask all companies you are considering which discounts they offer. Some discounts might not apply in your area.

Chevy Silverado 2500 insurance rates consist of many parts

It’s important that you understand the rating factors that come into play when calculating your insurance rates. Knowing what controls the rates you pay allows you to make educated decisions that can help you get big savings.

  • Better crash test results mean better rates – Cars with high safety ratings tend to have better insurance rates. Safe vehicles have better occupant injury protection and any reduction in injury severity means lower claim amounts and lower rates for you. If your Chevy Silverado 2500 scored better than four stars on Safercar.gov it may be receiving lower rates.
  • Men are more aggressive – Statistics have proven women tend to be less risk to insure than men. That doesn’t necessarily mean that men are worse drivers. Men and women have accidents at a similar rate, but men cause more damage. Men also get cited for more serious violations such as reckless driving. Young males are most likely to cause an accident and thus pay the highest rates.
  • What are your deductibles? – Physical damage coverage, otherwise known as comp (or other than collision) and collision, protects your Chevy from damage. Some instances where coverage would apply are collision with another vehicle, vandalism, and windstorm damage. Your deductibles are the amount of money you are required to spend out-of-pocket in the event of a claim. The more money you are required to pay out-of-pocket, the less your insurance will be for Silverado coverage.
  • Your stress level may be raising your rates – Did you know your job can affect your rates? Occupations like lawyers, social workers and accountants tend to pay higher rates than average because of high stress levels and long work hours. On the flip side, jobs such as pilots, athletes and homemakers have the lowest average rates for Silverado coverage.
  • Don’t get talked into coverage you don’t need – There are quite a few add-on coverages that you can buy if you aren’t careful. Coverages for rental car reimbursement, towing coverage and membership fees are examples of these. They may seem like a good idea initially, but your needs may have changed so eliminate them to save money.
  • Your spouse saves you money – Being married helps lower the price on insurance. Having a significant other means you’re more responsible and it’s statistically proven that drivers who are married are more cautious.

When might I need help?

When choosing coverage for your personal vehicles, there really is not a perfect coverage plan. Every situation is different and your policy should reflect that. For example, these questions can aid in determining whether your personal situation would benefit from professional advice.

  • What is PIP insurance?
  • Should I bundle my homeowners policy with my auto?
  • Does my 2000 Chevy Silverado 2500 need full coverage?
  • At what point should I drop full coverage?
  • Am I covered if I hit a deer?
  • Am I better off with higher deductibles on my 2000 Chevy Silverado 2500?
  • Can my teen driver be rated on a liability-only vehicle?
  • What is the rate difference between pleasure use and commuting?
  • If I drive on a suspended license am I covered?

If you can’t answer these questions but a few of them apply, you might consider talking to an agent. To find lower rates from a local agent, fill out this quick form or click here for a list of insurance coverage companies in your area. It is quick, free and may give you better protection.

Do insurance companies bend the truth?

Drivers can’t ignore all the ads that promise big savings by companies like State Farm, Allstate and Geico. All the companies have a common claim that you’ll save big if you change to them.

How can each company say the same thing? This is how they do it.

Insurance companies are able to cherry pick for the driver that earns them a profit. A good example of a profitable customer could possibly be between the ages of 30 and 50, insures multiple vehicles, and has a high credit rating. Any driver who fits that profile receives the best rates and is almost guaranteed to save quite a bit of money when switching.

Potential customers who fall outside these standards will be charged higher prices which leads to business going elsewhere. The ad wording is “people who switch” not “everyone that quotes” save money. This is how companies can make those claims.

That is why you need to get quotes from several different companies. You cannot predict which company will fit your personal profile best.

Auto insurance coverages

Having a good grasp of a insurance policy aids in choosing the best coverages at the best deductibles and correct limits. Insurance terms can be ambiguous and even agents have difficulty translating policy wording. Listed below are typical coverage types found on the average insurance policy.

Comprehensive coverages – Comprehensive insurance coverage pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive insurance covers things such as hail damage, fire damage, a tree branch falling on your vehicle and a broken windshield. The maximum amount you’ll receive from a claim is the actual cash value, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

Uninsured and underinsured coverage – This gives you protection from other drivers when they do not carry enough liability coverage. This coverage pays for injuries sustained by your vehicle’s occupants as well as damage to your Chevy Silverado 2500.

Due to the fact that many drivers only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages is important protection for you and your family. Frequently these coverages are set the same as your liablity limits.

Collision – Collision coverage covers damage to your Silverado 2500 resulting from colliding with an object or car. You will need to pay your deductible and then insurance will cover the remainder.

Collision insurance covers claims like damaging your car on a curb, sustaining damage from a pot hole, colliding with a tree and colliding with another moving vehicle. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from lower value vehicles. You can also bump up the deductible in order to get cheaper collision rates.

Coverage for medical payments – Personal Injury Protection (PIP) and medical payments coverage reimburse you for immediate expenses such as chiropractic care, EMT expenses, nursing services, hospital visits and surgery. The coverages can be used in conjunction with a health insurance program or if you lack health insurance entirely. It covers both the driver and occupants and will also cover being hit by a car walking across the street. Personal injury protection coverage is not universally available but can be used in place of medical payments coverage

Liability insurance – This coverage protects you from damage that occurs to other people or property that is your fault. This insurance protects YOU from legal claims by others, and does not provide coverage for damage to your own property or vehicle.

Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. You might see values of 100/300/100 that means you have a $100,000 limit per person for injuries, $300,000 for the entire accident, and $100,000 of coverage for damaged propery. Another option is one limit called combined single limit (CSL) which provides one coverage limit without having the split limit caps.

Liability coverage protects against things like legal defense fees, repair bills for other people’s vehicles, repair costs for stationary objects and attorney fees. How much coverage you buy is a decision to put some thought into, but buy higher limits if possible.

Be a smart shopper

Budget-conscious 2000 Chevy Silverado 2500 insurance can be purchased on the web in addition to many insurance agents, and you need to price shop both so you have a total pricing picture. There are still a few companies who do not provide the ability to get a quote online and usually these regional insurance providers provide coverage only through local independent agents.

When you buy insurance online, do not skimp on coverage in order to save money. There are a lot of situations where an insured dropped collision coverage and discovered at claim time that saving that couple of dollars actually costed them tens of thousands. The ultimate goal is to purchase a proper amount of coverage at an affordable rate while not skimping on critical coverages.

Throughout this article, we presented quite a bit of information on how to get a better price on insurance. The key thing to remember is the more rate comparisons you have, the higher your chance of finding lower rates. Consumers could even find that the biggest savings come from the least-expected company. These smaller insurers may often insure only within specific states and give getter rates as compared to the big name companies such as Allstate or State Farm.

Additional insurance coverage information is available at the links below