Cheap 2006 Chevrolet Silverado 2500HD Insurance Rates

Having to pay for overpriced Chevrolet Silverado 2500HD insurance can drain your checking account and put a big crunch on your finances. Comparing price quotes is free and is an excellent way to reduce premiums and put more money in your pocket. Many auto insurance companies compete for your hard-earned dollar, so it’s not easy to compare every insurance company to get the lowest cost out there.

If you have insurance now or need new coverage, you can use these tips to find better prices and still get good coverage. Finding the best rates is not that difficult. Drivers only need to know the best way to compare prices over the internet.

Discounts on Chevy Silverado 2500HD insurance

Insurance can be prohibitively expensive, but companies offer discounts to help offset the cost. A few discounts will automatically apply when you complete an application, but a few need to be manually applied before they will apply. If they aren’t giving you every credit you deserve, you’re just leaving money on the table.

  • Defensive Driver – Taking a course in driver safety could save 5% or more if you qualify.
  • Resident Student – Any of your kids who live away from home without a vehicle on campus can be insured at a reduced rate.
  • Discount for Swiching Early – Select companies give a discount for switching to them before your current policy expires. The savings is around 10%.
  • New Car Discount – Putting insurance coverage on a new car can cost up to 25% less due to better safety requirements for new cars.
  • Pay Upfront and Save – If you pay your bill all at once instead of monthly or quarterly installments you could save up to 5%.
  • Seat Belt Usage – Using a seat belt and requiring all passengers to wear their seat belts can save 10% or more on the medical payments or PIP coverage costs.

As a disclaimer on discounts, some of the credits will not apply to your bottom line cost. A few only apply to the cost of specific coverages such as liability, collision or medical payments. So even though it sounds like having all the discounts means you get insurance for free, you’re out of luck. But any discount will cut your premiums.

To see a list of insurers offering insurance coverage discounts, click this link.

Lesser-known factors impacting Chevy Silverado 2500HD insurance rates

Smart consumers have a good feel for some of the elements that help determine your insurance coverage rates. Knowing what impacts premium levels helps enable you to make changes that may reward you with lower insurance coverage prices.

The following are a few of the “ingredients” that factor into rates.

  • Bundling policies can get discounts – Many insurers provide better rates to customers who consolidate policies with them. It’s known as a multi-policy discount. Discounts can add up to five, ten or even twenty percent. Even if you’re getting this discount you still need to compare rates to verify if the discount is saving money. You may still find a better deal by insuring with multiple companies.
  • Bad driving skills means higher rates – Good drivers get better rates compared to drivers with tickets. Only having one speeding ticket can increase rates by as much as thirty percent. Drivers who have flagrant citations like DWI, reckless driving or hit and run convictions may need to submit a SR-22 form with their state motor vehicle department in order to keep their license.
  • More claims means more premium – Companies give cheaper rates to people who do not rely on their insurance for small claims. If you frequently file small claims, you can expect either higher rates or even cancellation. Car insurance is intended to be relied upon for major claims that would cause financial hardship.
  • Discounts for married couples – Having a wife or husband actually saves money on your insurance coverage policy. Having a significant other is viewed as being more mature than a single person it has been statistically shown that married couples file fewer claims.
  • Lower rates come with age – Teenage drivers have a tendency to be more careless in a vehicle so they pay higher insurance coverage rates. Mature drivers are viewed as being more responsible, tend to file fewer claims and receive fewer citations.
  • Your car’s features help determine rates – Choosing a vehicle with an alarm system can get you a discount on your insurance coverage. Theft prevention devices like tamper alarm systems, vehicle immobilizer technology and General Motors OnStar can thwart your car from being stolen.
  • Men fork out a little more – The statistics show that men are more aggressive behind the wheel. However, this does not mean women are better drivers. Men and women cause accidents in similar percentages, but the males have costlier accidents. They also have more aggressive citations such as DWI and reckless driving. Teenage male drivers are most likely to cause an accident and therefore are the most expensive to insure.

Tailor your coverage to you

When it comes to buying adequate coverage for your personal vehicles, there is no single plan that fits everyone. Coverage needs to be tailored to your specific needs and your policy should reflect that. For example, these questions may help highlight if your situation would benefit from an agent’s advice.

  • Do I have coverage when making deliveries for my home business?
  • What can I do if my company won’t pay a claim?
  • Is my trailer covered?
  • What vehicles should carry emergency assistance coverage?
  • Does my policy cover me when driving someone else’s vehicle?
  • Can I get a multi-policy discount for packaging my home and auto coverage?
  • How do I file an SR-22 for a DUI in my state?
  • Is rental equipment covered for theft or damage?

If you can’t answer these questions but one or more may apply to you, then you may want to think about talking to a licensed agent. If you don’t have a local agent, take a second and complete this form or you can also visit this page to select a carrier It’s fast, free and may give you better protection.

Detailed coverages of your car insurance policy

Knowing the specifics of car insurance can help you determine which coverages you need and the correct deductibles and limits. Policy terminology can be ambiguous and reading a policy is terribly boring. Below you’ll find typical coverages offered by car insurance companies.

Uninsured/Underinsured Motorist coverage

This protects you and your vehicle when the “other guys” either have no liability insurance or not enough. Covered losses include medical payments for you and your occupants and also any damage incurred to your Chevy Silverado 2500HD.

Due to the fact that many drivers have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is very important. Frequently your uninsured/underinsured motorist coverages do not exceed the liability coverage limits.

Medical payments coverage and PIP

Coverage for medical payments and/or PIP provide coverage for short-term medical expenses for things like rehabilitation expenses, X-ray expenses and chiropractic care. They are used in conjunction with a health insurance policy 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 available in all states but it provides additional coverages not offered by medical payments coverage

Liability auto insurance

Liability insurance will cover damage or injury you incur to other’s property or people that is your fault. It protects YOU against claims from other people. Liability doesn’t cover your own vehicle damage or injuries.

Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have limits of 50/100/50 that translate to a limit of $50,000 per injured person, a total of $100,000 of bodily injury coverage per accident, and property damage coverage for $50,000. Some companies may use one number which is a combined single limit that pays claims from the same limit with no separate limits for injury or property damage.

Liability can pay for claims like medical expenses, funeral expenses and attorney fees. How much liability coverage do you need? That is a personal decision, but it’s cheap coverage so purchase as large an amount as possible.

Coverage for collisions

Collision insurance pays for damage to your Silverado 2500HD caused by collision with another car or object. You have to pay a deductible then your collision coverage will kick in.

Collision coverage protects against claims like crashing into a building, colliding with a tree and colliding with another moving vehicle. Paying for collision coverage can be pricey, so consider removing coverage from vehicles that are older. Drivers also have the option to raise the deductible to save money on collision insurance.

Comprehensive coverage

This coverage will pay to fix damage OTHER than collision with another vehicle or object. You first must pay your deductible and then insurance will cover the rest of the damage.

Comprehensive coverage pays for things such as hitting a deer, a broken windshield, rock chips in glass and a tree branch falling on your vehicle. The maximum payout you can receive from a comprehensive claim is the actual cash value, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

Feed the piggy bank

While you’re price shopping online, it’s not a good idea to reduce needed coverages to save money. In many cases, someone sacrificed liability limits or collision coverage and found out when filing a claim that saving that couple of dollars actually costed them tens of thousands. Your aim should be to purchase plenty of coverage for the lowest price while not skimping on critical coverages.

We just covered a lot of tips how to get a better price on 2006 Chevy Silverado 2500HD insurance. It’s most important to understand that the more companies you get rates for, the better chance you’ll have of finding lower rates. Drivers may discover the biggest savings come from a company that doesn’t do a lot of advertising. These smaller insurers may only write in your state and offer lower rates than their larger competitors like Allstate or State Farm.

More detailed insurance information is located in the articles below: