View 2004 Chevrolet Silverado 3500 Car Insurance Cost

Tired of not being able to afford each month for car insurance? You are no different than many other drivers.

Insurance companies such as Geico, Farmers Insurance and State Farm increase brand awareness with ad campaigns and consumers find it hard to ignore the propoganda and effectively compare rates to find the best deal.

You need to compare prices before your policy renews because prices are adjusted regularly by insurance companies. Even if you got the lowest rates on Silverado insurance a year ago there may be better deals available now. You’ll find quite a bit of inaccurate information about insurance online, so I’m going to show you some of the best ways to find cheap insurance.

If you currently have car insurance, you will most likely be able to lower your premiums substantially using this strategy. Finding affordable coverage is easy if you know what you’re doing. Although consumers must understand the way companies price insurance differently because it can help you find the best coverage.

Why your Chevy Silverado 3500 might be costing you more

It’s important that you understand the different types of things that go into determining the price you pay for car insurance. Knowing what impacts premium levels enables informed choices that will entitle you to better car insurance rates.

  • Higher deductibles cost less – Physical damage insurance, termed comprehensive and collision coverage on your policy, protects your Chevy from damage. Examples of covered claims are a windshield shattered by a rock, damage from fire, and windstorm damage. The deductibles are the amount of money you are willing to pay before a claim is paid by your company. The more expense you’re willing to pay, the less your company will charge you for insurance on Silverado insurance.
  • Mature drivers pay less – More mature drivers are more responsible, tend to file fewer claims and receive fewer citations. Teen drivers are known to be less responsible when driving and because of this, their car insurance rates are much higher.
  • Bundling policies can get discounts – Some car insurance companies give discounts to people who have multiple policies with them in the form of a multi-policy discount. Even though this discount sounds good, you still need to comparison shop to make sure you are getting the best deal. Drivers may still find a better deal by buying insurance from more than one company.
  • Theft deterrents lower rates – Driving a car that has an advanced theft prevention system can save you a little every year. Anti-theft devices like tamper alarm systems, vehicle immobilizer technology and General Motors OnStar all hinder car theft.
  • Liability coverage protects you – Your policy’s liability coverage provides coverage if ever a jury decides you are liable for damages caused by your negligence. Liability provides you with a defense in court starting from day one. This coverage is very inexpensive as compared to coverage for physical damage, so buy as much as you can afford.
  • More miles equals more premium – The higher the mileage driven each year the more you’ll pay to insure your vehicle. Most insurance companies apply a rate determined by how the vehicle is used. Autos not used for work or commuting qualify for better rates as compared to vehicles used primarily for driving to work. Ask your agent if your car insurance declarations sheet shows the correct usage for each vehicle. Incorrect usage on your Silverado 3500 may be wasting your money.
  • Having a spouse can save you money – Having a wife or husband helps lower the price on your car insurance policy. Having a spouse translates into being more mature and it’s statistically proven that drivers who are married are more cautious.
  • Frequent car insurance claims increase rates – If you frequently file small claims, you can pretty much guarantee either higher rates or even cancellation. Auto insurance companies generally give cheaper rates to insureds who file claims infrequently. Car insurance is intended for the large, substantial claims.

Are you getting all your discounts?

The price of auto insurance can be rather high, buy you may qualify for discounts that you may not know about. Some trigger automatically at the time of purchase, but some must be specifically requested before they will apply.

  • Federal Employees – Employees or retirees of the government may qualify you for a discount on Silverado insurance with a few auto insurance companies.
  • Good Students Pay Less – A discount for being a good student can earn a discount of 20% or more. The discount lasts well after school through age 25.
  • Club Memberships – Belonging to a professional or civic organization may earn a discount when shopping for auto insurance on Silverado insurance.
  • Paperwork-free – A few companies will discount your bill up to fifty bucks for buying a policy and signing up on their website.
  • Anti-lock Brake Discount – Anti-lock brake equipped vehicles are safer to drive and therefore earn up to a 10% discount.
  • Military Discounts – Having a family member in the military could be rewarded with lower premiums.

Consumers should know that most of the big mark downs will not be given to the entire cost. Most only reduce the cost of specific coverages such as liability and collision coverage. So when it seems like all those discounts means the company will pay you, it doesn’t quite work that way. Any amount of discount will help reduce your overall premium however.

To see a list of companies who offer auto insurance discounts, click here to view.

Slick advertising tricks that work

Insurance coverage companies such as Allstate, Geico and Progressive consistently run ads on TV and radio. They all seem to say the same thing that you’ll save big if you change to their company. How does each company make almost identical claims?

Insurance companies can use profiling for the driver that is profitable for them. An example of a driver they prefer might be over the age of 50, has no tickets, and has great credit. A driver that hits that “sweet spot” receives the best rates and therefore will save when they switch companies.

Potential customers who don’t measure up to these standards will be quoted a more expensive rate and ends up with the driver buying from a lower-cost company. The ads say “drivers who switch” not “everyone that quotes” save that much. This is how companies can truthfully make the claims of big savings.

This emphasizes why you need to compare as many rates as you can. It’s not possible to predict which insurance companies will provide you with the cheapest Chevy Silverado 3500 insurance rates.

When might I need an agent?

When buying coverage, there really is no cookie cutter policy. Coverage needs to be tailored to your specific needs and your policy should reflect that. Here are some questions about coverages that could help you determine whether you may require specific advice.

  • Am I covered when driving someone else’s vehicle?
  • If my 2004 Chevy Silverado 3500 is totaled, can I afford another vehicle?
  • Do I really need UM/UIM coverage?
  • What is the ISO rating for a 2004 Chevy Silverado 3500?
  • Are my tools covered if they get stolen from my vehicle?
  • Where can I get insurance after a DUI in my state?
  • When should I drop full coverage on my 2004 Chevy Silverado 3500?
  • How do I insure my teen driver?
  • Do I need special endorsements for business use of my vehicle?
  • Can my babysitter drive my car?

If you’re not sure about those questions then you might want to talk to a licensed insurance agent. If you want to speak to an agent in your area, complete this form or you can go here for a list of companies in your area.

Auto insurance coverage information

Learning about specific coverages of your insurance policy aids in choosing which coverages you need and proper limits and deductibles. Policy terminology can be difficult to understand and nobody wants to actually read their policy. Below you’ll find the usual coverages offered by insurance companies.

Med pay and Personal Injury Protection (PIP)

Coverage for medical payments and/or PIP pay for immediate expenses like doctor visits, rehabilitation expenses, ambulance fees and X-ray expenses. They are often used in conjunction with a health insurance policy or if you lack health insurance entirely. They cover you and your occupants in addition to getting struck while a pedestrian. Personal Injury Protection is not universally available and gives slightly broader coverage than med pay

Uninsured/Underinsured Motorist (UM/UIM)

This protects you and your vehicle’s occupants when other motorists do not carry enough liability coverage. Covered losses include injuries to you and your family as well as damage to your Chevy Silverado 3500.

Since many drivers only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family. Frequently the UM/UIM limits are set the same as your liablity limits.

Liability coverage

Liability coverage protects you from damage that occurs to other’s property or people that is your fault. It protects YOU against claims from other people. Liability doesn’t cover damage to your own property or vehicle.

Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. As an example, you may have policy limits of 100/300/100 which stand for a limit of $100,000 per injured person, $300,000 for the entire accident, and a limit of $100,000 paid for damaged property. Some companies may use one limit called combined single limit (CSL) which provides one coverage limit with no separate limits for injury or property damage.

Liability coverage pays for things like pain and suffering, funeral expenses and bail bonds. How much liability coverage do you need? That is a decision to put some thought into, but it’s cheap coverage so purchase as large an amount as possible.

Collision protection

Collision coverage pays to fix your vehicle from damage caused by collision with a stationary object or other vehicle. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision coverage protects against claims such as damaging your car on a curb, colliding with a tree, driving through your garage door and crashing into a building. Collision coverage makes up a good portion of your premium, so you might think about dropping it from vehicles that are older. Drivers also have the option to increase the deductible to get cheaper collision coverage.

Comprehensive insurance

This coverage pays for damage OTHER than collision with another vehicle or object. You first must pay your deductible then your comprehensive coverage will pay.

Comprehensive coverage protects against claims such as a tree branch falling on your vehicle, hitting a bird, fire damage, falling objects and a broken windshield. The most you can receive from a comprehensive claim is the cash value of the vehicle, so if the vehicle is not worth much consider removing comprehensive coverage.

One last thing about your coverage

Throughout this article, we presented a lot of techniques to compare 2004 Chevy Silverado 3500 insurance prices online. It’s most important to understand that the more rate quotes you have, the better likelihood of reducing your rate. Drivers may discover the biggest savings come from the least-expected company. Smaller companies can often provide lower rates in certain areas as compared to the big name companies such as State Farm or Progressive.

When buying insurance coverage, you should never reduce needed coverages to save money. In many cases, drivers have reduced liability coverage limits only to find out that they should have had better coverage. The ultimate goal is to buy a smart amount of coverage at a price you can afford, not the least amount of coverage.

Affordable insurance is attainable both online as well as from independent agents, so you should compare both to get a complete price analysis. Some insurance coverage companies don’t offer online quoting and most of the time these small, regional companies sell through independent agents.

For more information, link through to the following helpful articles: