Lower Your 2012 Chevrolet Silverado 2500HD Insurance Cost

Have you had enough of paying out the nose each month for car insurance? You are no different than many other drivers. Consumers have many auto insurance companies to purchase coverage from, and although it’s a good thing to have a choice, lots of choices makes it harder to find the lowest cost provider.

Finding the best rates is quite easy. If you have insurance now or need new coverage, you will benefit by learning to cut your premiums and still get good coverage. Drivers just need to know the most efficient way to compare company rates online.

Pieces of the Chevy Silverado 2500HD insurance rate puzzle

An important part of buying insurance is that you know the different types of things that help determine your car insurance rates. Knowing what controls the rates you pay helps enable you to make changes that can help you get lower car insurance prices.

  • Men are more aggressive – Statistics have proven that women are safer drivers than men. Now that doesn’t mean women are better drivers. Women and men tend to get into accidents in similar percentages, but the male of the species tend to have more serious accidents. Men also tend to get more serious tickets like DUI and reckless driving.
  • Lower rates come with age – Older insureds are more responsible, tend to cause fewer accidents and receive fewer citations. Teenage drivers are statistically proven to be less responsible when behind the wheel and because of this, their car insurance rates are much higher.
  • Lower miles equals lower premium – The more miles you rack up on your Chevy in a year’s time the more you will pay for car insurance. Most companies charge to insure your cars based on their usage. Vehicles used primarily for pleasure use receive lower rates than vehicles that are driven to work every day. Having the wrong rating on your Silverado 2500HD can cost quite a bit. Double check that your car insurance policy is rated on how each vehicle is driven, because improper ratings can cost you money.
  • Your location is important – Being located in a rural area has it’s advantages when it comes to car insurance. Fewer people means a lower chance of having an accident and a lower car theft rate. Drivers who live in large cities have to deal with congested traffic and longer commutes to work. More time on the road translates into higher accident risk.
  • Always keep insurance in force – Not having insurance is against the law and you will pay a penalty because you let your coverage lapse. Not only will you pay more, but being ticketed for driving with no insurance may earn you a steep fine or even jail time.You may need to prove you have insurance by filing a SR-22 with your state DMV.
  • Marriage brings a discount – Being married can actually save you money on car insurance. Marriage usually means you are more mature than a single person and statistics show married drivers get in fewer accidents.

The quickest method we recommend to compare rate quotes is to take advantage of the fact auto insurance companies participate in a system to provide you with a free rate quote. The only thing you need to do is take a few minutes to give details such as how much you drive, your job, any included safety features, and if you have a valid license. Those rating factors is then submitted to all major companies and they return rate quotes almost instantly.

To compare rates now, click here and complete the form.

Is there deception in advertising?

Consumers can’t get away from ads for the lowest price auto insurance from the likes of Allstate, Geico and Progressive. They all make an identical promise about savings after switching your coverage to them.

How does each company make the same claim? It’s all in the numbers.

All the different companies have a certain “appetite” for the right customer that earns them a profit. For example, a profitable customer might be profiled as over the age of 40, a clean driving record, and drives less than 10,000 miles a year. A customer getting a price quote who meets those qualifications will get very good rates and most likely will pay quite a bit less when switching companies.

Potential customers who don’t meet these standards will be charged a higher premium and ends up with business going elsewhere. Company advertisements say “customers who switch” not “people who quote” save that kind of money. This is how companies can advertise the way they do. That is why it is so important to get a wide range of price quotes. It’s just too difficult to predict the company that will have the lowest Chevy Silverado 2500HD insurance rates.

Policy discounts you shouldn’t miss

Companies don’t always list all available discounts in an easy-to-find place, so the following is a list of both well-publicized and also the lesser-known discounts you could be receiving. If they aren’t giving you every credit you deserve, you’re paying more than you need to.

  • Passive Restraint Discount – Factory air bags or automatic seat belts can qualify for discounts of 20% or more.
  • No Charge for an Accident – A handful of insurance companies allow you one accident without raising rates if your claims history is clear for a particular time prior to the accident.
  • Seat Belts Save more than Lives – Drivers who require all occupants to wear their seat belts could cut 10% or more on the medical payments or PIP coverage costs.
  • Good Students Pay Less – This discount can earn a discount of 20% or more. Earning this discount can benefit you up to age 25.
  • Save with a New Car – Buying coverage on a new vehicle can cost up to 25% less compared to insuring an older model.
  • Auto/Life Discount – Companies who offer life insurance give a discount if you purchase life insurance.
  • Military Rewards – Having a family member in the military can result in better rates.

Consumers should know that most discount credits are not given to the entire cost. A few only apply to individual premiums such as comp or med pay. Just because it seems like adding up those discounts means a free policy, you won’t be that lucky.

Car insurance companies who might offer these discounts include:

Double check with each insurance company what discounts are available to you. Discounts might not apply in your area.

Insurance agents can help

When choosing coverage for your personal vehicles, there is no “best” method to buy coverage. Everyone’s situation is a little different and your policy should reflect that. For example, these questions can aid in determining if your insurance needs may require specific advice.

  • Is my teenager covered with friends in the car?
  • Can my teen driver be rated on a liability-only vehicle?
  • Should I carry comprehensive and collision coverage?
  • Do I need replacement cost coverage on my 2012 Chevy Silverado 2500HD?
  • Will my rates increase for filing one claim?
  • Does my car insurance cover rental cars?
  • Am I covered when driving in Canada or Mexico?
  • Will I lose any money if I cancel my policy before it expires?
  • When can my company non-renew my policy?
  • What is UM/UIM insurance?

If you’re not sure about those questions but you think they might apply to your situation, then you may want to think about talking to a licensed insurance agent. To find lower rates from a local agent, complete this form or you can go here for a list of companies in your area. It is quick, free and can provide invaluable advice.

Auto insurance coverages explained

Understanding the coverages of your policy aids in choosing which coverages you need for your vehicles. The terms used in a policy can be impossible to understand and nobody wants to actually read their policy. Shown next are the normal coverages available from auto insurance companies.

Uninsured or underinsured coverage

This provides protection when other motorists are uninsured or don’t have enough coverage. Covered claims include injuries to you and your family and damage to your Chevy Silverado 2500HD.

Since a lot of drivers carry very low liability coverage limits, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important.

Comprehensive protection

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

Comprehensive can pay for claims such as falling objects, vandalism and hail damage. The maximum amount a auto insurance company will pay at claim time is the market value of your vehicle, so if the vehicle is not worth much consider removing comprehensive coverage.

Coverage for liability

This provides protection from damages or injuries you inflict on other people or property by causing an accident. This coverage protects you against other people’s claims, and doesn’t cover damage sustained by your vehicle in an accident.

Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. You might see liability limits of 100/300/100 that means you have $100,000 in coverage for each person’s injuries, a limit of $300,000 in injury protection per accident, and a total limit of $100,000 for damage to vehicles and property.

Liability coverage protects against things such as medical services, loss of income and attorney fees. How much liability should you purchase? That is up to you, but buy as high a limit as you can afford.

Medical expense coverage

Med pay and PIP coverage provide coverage for expenses such as surgery, dental work, doctor visits, X-ray expenses and EMT expenses. The coverages can be used in conjunction with a health insurance policy or if you are not covered by health insurance. It covers all vehicle occupants and also covers if you are hit as a while walking down the street. PIP is not an option in every state but can be used in place of medical payments coverage

Auto collision coverage

Collision coverage covers damage to your Silverado 2500HD caused by collision with an object or car. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision can pay for things like backing into a parked car, hitting a mailbox, damaging your car on a curb, sustaining damage from a pot hole and hitting a parking meter. Collision is rather expensive coverage, so consider dropping it from vehicles that are 8 years or older. It’s also possible to raise the deductible to bring the cost down.

A tidy conclusion

While you’re price shopping online, it’s very important that you do not buy less coverage just to save a little money. There have been many situations where someone sacrificed uninsured motorist or liability limits and found out when filing a claim that their decision to reduce coverage ended up costing them more. Your focus should be to buy the best coverage you can find at a price you can afford, not the least amount of coverage.

Lower-priced 2012 Chevy Silverado 2500HD insurance is possible from both online companies as well as from independent agents, so compare prices from both to have the best rate selection. Some insurance companies don’t offer online quoting and these small, regional companies work with independent agents.

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