Cheaper 1999 Chevrolet Silverado 2500 Car Insurance Rates

Paying for high-priced Chevrolet Silverado 2500 insurance can eat up your bank account and maybe even restrict other spending. Comparison shopping is a great way to cut your insurance bill.

Popular companies such as Allstate, Liberty Mutual and State Farm constantly bombard you with TV and radio ads and it can be hard to ignore the flying pigs and cute green geckos and effectively compare rates to find the best deal.

It’s a good idea to compare rates once or twice a year because prices change quite often. Despite the fact that you may have had the best deal for Silverado insurance two years ago there is a good chance you can find better premium rates now. Block out anything you think you know about insurance because you’re going to learn the fastest and easiest way to lower your annual insurance bill.

How insurance companies determine Chevy Silverado 2500 insurance costs

Lots of factors are taken into consideration when you quote your car insurance policy. A few of the factors are predictable such as traffic violations, although some other factors are more transparent such as whether you are married or your vehicle rating.One of the most helpful ways to save on insurance coverage is to to have a grasp of some of the elements that come into play when calculating your policy premiums. If you know what determines base rates, this enables informed choices that can earn you better insurance coverage rates.

The following are most of the major factors utilized by car insurance companies to help set your rates.

  • Be proud to be claim-free – If you frequently file small claims, you can look forward to much higher rates or policy non-renewal. Auto insurance companies award cheaper rates to policyholders who only file infrequent claims. Your insurance policy is designed for claims that pose a financial burden.
  • Do thieves like your car? – Choosing to buy a car with advanced anti-theft systems can save you a little every year. Systems that thwart theives like vehicle immobilizer systems, OnStar, and tracking devices like LoJack help track and prevent vehicle theft.
  • Defend yourself with liability – Your policy’s liability coverage will provide protection if ever you are ruled to be at fault for an accident. It provides legal defense coverage to defend your case. Carrying liability coverage is mandatory and cheap as compared to coverage for physical damage, so drivers should carry high limits.
  • Higher prices for coverage lapses – Driving your car without having proper coverage is not a good idea and companies may charge more for letting your insurance lapse for non-payment. Not only will you pay more, being ticketed for driving with no insurance may result in a revoked license or a big fine.
  • Drive lots and pay more – Driving a lot of miles each year the higher your rate. Almost all companies charge to insure your cars based on how the vehicle is used. Autos that have low annual miles can be on a lower rate level than vehicles that have high annual mileage. Ask your agent if your insurance coverage policy properly reflects annual mileage, because improper ratings can cost you money. An incorrectly rated Silverado 2500 can cost quite a bit.

The best way we recommend to compare insurance rates from multiple companies is to understand most insurance companies pay for the opportunity to give you rate quotes. The only thing you need to do is give them rating details including if you have a valid license, any included safety features, driver details, and whether you are single or married. Those rating factors is instantly submitted to all major companies and you get price estimates quickly.

If you would like to start a quote now, click here and find out if lower rates are available.

Big brands don’t always mean big savings

Consumers can’t get away from ads that claim the best car insurance rates from companies such as 21st Century, Allstate and State Farm. They all seem to tend to make the same promise about how much you will save just by switching your auto insurance coverage to their company.

How does every company claim to save you money? This is how they do it.

Many companies look for specific characteristics for a prospective insured that will not have excessive claims. An example of a desirable insured may be between 25 and 40, has never had a claim, and has excellent credit. Someone that fits those parameters will get very good car insurance rates and as a result will probably save if they switch.

Drivers who do not fit these standards will probably have to pay higher prices and ends up with the prospect going elsewhere. If you pay attention, the ads say “customers that switch” but not “everyone who gets a quote” save money. That’s the way insurance companies can confidently make claims that they all have the best rates.

This illustrates why drivers should quote coverage with many companies. It’s just not possible to know with any certainty which company will provide you with the cheapest prices.

Lower rate quotes with discounts

Companies do not list their entire list of discounts in a way that’s easy to find, so the next list breaks down some of the more common and the harder-to-find credits available to bring down your rates.

  • Employee of Federal Government – Simply working for the federal government can save as much as 8% for Silverado insurance but check with your company.
  • Distant Student Discount – College-age children who are enrolled in a college that is more than 100 miles from home and leave their car at home can be insured at a reduced rate.
  • Payment Discounts – If you pay your entire premium ahead of time rather than paying monthly you can avoid the installment charge.
  • Fewer Miles Equal More Savings – Low mileage vehicles may enable drivers to earn better prices on cars that stay parked.
  • Driver Safety – Successfully completing a course that instructs on driving safety could save 5% or more if your company offers it.
  • Responsible Drivers – Drivers who avoid accidents can save up to 40% or more on their auto insurance quote for Silverado insurance than less cautious drivers.
  • Savings for New Vehicles – Putting insurance on a new car can cost up to 25% less since new model year vehicles have better safety ratings.
  • Lower Rates for Military – Having an actively deployed family member can result in better rates.

As is typical with insurance, some credits don’t apply to the overall cost of the policy. Some only apply to the price of certain insurance coverages like collision or personal injury protection. So even though you would think adding up those discounts means a free policy, companies wouldn’t make money that way.

A list of companies and a selection of discounts can be read below.

  • Farm Bureau may have discounts that include safe driver, good student, driver training, renewal discount, multi-policy, and multi-vehicle.
  • MetLife offers discounts including good student, claim-free, defensive driver, good driver, multi-policy, accident-free
  • Progressive has discounts for multi-vehicle, continuous coverage, good student, online signing, multi-policy, and online quote discount.
  • AAA has savings for multi-policy, AAA membership discount, multi-car, good student, and good driver.
  • American Family offers premium reductions for multi-vehicle, good student, bundled insurance, good driver, and mySafetyValet.
  • GEICO offers discounts for multi-policy, federal employee, anti-theft, good student, air bags, and membership and employees.
  • State Farm discounts include accident-free, safe vehicle, anti-theft, driver’s education, good student, and Steer Clear safe driver discount.

If you need lower rates, check with each company which discounts you may be entitled to. Some of the earlier mentioned discounts may not apply to policyholders in your state. For a list of insurance companies that offer multiple discounts, click here to view.

What is the best insurance coverage coverage?

When it comes to choosing the best insurance coverage coverage, there really is no perfect coverage plan. Each situation is unique so your insurance needs to address that. Here are some questions about coverages that might help in determining if you could use an agent’s help.

  • Is my trailer covered?
  • Should I buy more coverage than the required minimum liability coverage?
  • Who is covered when they drive my 1999 Chevy Silverado 2500?
  • Should I file a claim if it’s only slightly more than my deductible?
  • How do I buy GAP insurance?
  • Does insurance cover tools stolen from my truck?
  • How high should my medical payments coverage be?
  • Why does it cost so much to insure a teen driver?
  • I have good health insurance, so how much medical payments coverage do I need?
  • Should I buy full coverage?

If you can’t answer these questions but a few of them apply then you might want to talk to a licensed insurance agent. If you don’t have a local agent, complete this form or you can go here for a list of companies in your area. It’s fast, free and may give you better protection.

Educate yourself about insurance coverages

Having a good grasp of insurance aids in choosing appropriate coverage for your vehicles. The coverage terms in a policy can be ambiguous and even agents have difficulty translating policy wording. Below you’ll find the usual coverages available from insurance companies.

Comprehensive coverage – This will pay to fix damage OTHER than collision with another vehicle or object. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for claims like a tree branch falling on your vehicle, hail damage, theft, fire damage and vandalism. The highest amount you can receive from a comprehensive claim is the market value of your vehicle, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

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

Collision coverage protects against things such as colliding with a tree, crashing into a ditch, hitting a parking meter, sustaining damage from a pot hole and driving through your garage door. Collision coverage makes up a good portion of your premium, so you might think about dropping it from vehicles that are 8 years or older. You can also choose a higher deductible in order to get cheaper collision rates.

Liability coverages – This can cover damage or injury you incur to a person or their property by causing an accident. It protects YOU against claims from other people. Liability doesn’t cover damage sustained by your vehicle in an accident.

Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see policy limits of 100/300/100 that means you have $100,000 in coverage for each person’s injuries, a per accident bodily injury limit of $300,000, and a limit of $100,000 paid for damaged property. Alternatively, you may have a combined limit which provides one coverage limit rather than limiting it on a per person basis.

Liability can pay for claims like funeral expenses, pain and suffering, legal defense fees and repair bills for other people’s vehicles. How much coverage you buy is your choice, but consider buying as large an amount as possible.

Medical payments coverage and PIP – Personal Injury Protection (PIP) and medical payments coverage provide coverage for bills like EMT expenses, hospital visits and chiropractic care. They can be used in conjunction with a health insurance policy or if you lack health insurance entirely. Medical payments and PIP cover you and your occupants and will also cover getting struck while a pedestrian. Personal injury protection coverage is not universally available and gives slightly broader coverage than med pay

Uninsured/Underinsured Motorist coverage – Your UM/UIM coverage gives you protection from other motorists when they either are underinsured or have no liability coverage at all. Covered losses include injuries sustained by your vehicle’s occupants and damage to your 1999 Chevy Silverado 2500.

Since a lot of drivers carry very low liability coverage 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 your uninsured/underinsured motorist coverages are set the same as your liablity limits.

Affordable insurance is out there

The cheapest 1999 Chevy Silverado 2500 insurance is possible online in addition to local insurance agencies, and you should compare rates from both so you have a total pricing picture. Some companies don’t offer rate quotes online and these small, regional companies only sell coverage through independent agents.

We just showed you some good ideas how you can reduce 1999 Chevy Silverado 2500 insurance rates online. The key concept to understand is the more companies you get car insurance rates for, the higher your chance of finding the cheapest auto insurance. You may even discover the most savings is with the least-expected company. Smaller companies may cover specific market segments cheaper than their larger competitors like State Farm, GEICO and Nationwide.

More learning opportunities