2002 Chevrolet Silverado 3500 Insurance Rates – 7 Ways to Save

Searching for the cheapest car insurance rates for your Chevrolet Silverado 3500? Are you drained from not being able to afford to pay your car insurance bill each month? You are in the same boat as the majority of other drivers.

Insurance companies such as Allstate, Liberty Mutual and State Farm persitently shower you with ad campaigns and consumers find it hard to avoid their marketing magic and find the best price available.

It’s smart to take a look at other company’s rates before your next renewal because prices change frequently. Even if you think you had the best deal for Silverado insurance at your last renewal you can probably find a lower rate today. Forget anything you know (or think you know) about car insurance because we’re going to show you how to use the internet to save money, get proper coverage and the best rates.

If you currently have car insurance, you stand a good chance to be able to lower your premiums substantially using this information. Buying car insurance is easy if you know what you’re doing. Although car owners benefit from understanding the methods companies use to compete online because it can help you find the best coverage.

Insurance Coverage Discounts

Insurance coverage can be pricey, but you may be missing some discounts that can dramatically reduce your bill. Certain discounts will be triggered automatically when you quote, but some need to be requested specifically before you will receive the discount. If you check and find you aren’t receiving every discount you qualify for, you’re paying more than you need to.

  • Memberships – Belonging to qualifying clubs or civic groups can get you a small discount when getting a insurance quote.
  • Low Miles Discount – Low annual miles could qualify for lower prices due to less chance of an accident.
  • Discount for Swiching Early – A few insurance coverage companies offer discounts for buying a policy prior to your current policy expiring. You may see this discount when you get insurance quotes online.
  • Telematics Devices – People who choose to allow their insurance company to analyze their driving habits by installing a telematics device such as Progressive’s Snapshot may see discounts if they are good drivers.
  • Cautious Drivers – Drivers without accidents may save up to 50% more for Silverado insurance than drivers with accidents.
  • Air Bag Discount – Vehicles equipped with air bags can qualify for discounts of 20 to 30 percent.
  • Federal Government Employee – Simply working for the federal government may qualify for a discount when you quote insurance for Silverado insurance with some insurance coverage companies.

Discounts reduce rates, but you should keep in mind that some of the credits will not apply to all coverage premiums. The majority will only reduce the cost of specific coverages such as physical damage coverage or medical payments. So even though they make it sound like all those discounts means the company will pay you, insurance coverage companies aren’t that generous.

If you would like to view companies who offer free insurance coverage quotes, click here.

How to lower your auto insurance cost

Performing a rate comparison is a ton of work if you aren’t aware of the most efficient way. You can spend your afternoon driving to insurance companies in your area, or you could use online quoting to achieve your goal.

Many companies are enrolled in a marketplace where prospective buyers send in one quote, and at least one company then gives them pricing based on the submitted data. This eliminates the need for quotation requests to every company.

To submit your quote information now, click here (opens in new window).

The only drawback to using this type of form is you cannot specify which carriers you will receive quotes from. If you prefer to choose from a list of companies to compare rates, we have a page of auto insurance companies in your area. Click here to view list.

However you get your quotes, make sure you compare identical coverage data for every company. If you are comparing different liability limits you will not be able to determine the lowest rate for your Chevy Silverado 3500. Quoting even small variations in coverage limits could throw off the whole comparison. It’s important to know that quoting more will improve the odds of getting the best rates. Not every company does prices over the internet, so it’s recommended that you also compare quotes from them as well.

Tailor your auto insurance coverage to you

When choosing proper insurance coverage, there is no perfect coverage plan. Coverage needs to be tailored to your specific needs and a cookie cutter policy won’t apply. Here are some questions about coverages that may help you determine if you would benefit from professional advice.

  • Can I pay claims out-of-pocket if I buy high deductibles?
  • Am I insured when driving a different vehicle?
  • Am I covered if my car is in a flood?
  • What is no-fault insurance?
  • Why does it cost so much to insure a teen driver?
  • When would I need rental car insurance?
  • Am I covered when pulling a rental trailer?

If you don’t know the answers to these questions but a few of them apply, then you may want to think about talking to a licensed agent. If you don’t have a local agent, simply complete this short form or you can also visit this page to select a carrier

Auto insurance coverages

Understanding the coverages of a insurance policy aids in choosing the best coverages and the correct deductibles and limits. Insurance terms can be ambiguous and reading a policy is terribly boring. Below you’ll find the usual coverages found on the average insurance policy.

UM/UIM Coverage – Uninsured or Underinsured Motorist coverage provides protection from other motorists when they are uninsured or don’t have enough coverage. This coverage pays for injuries to you and your family as well as your vehicle’s damage.

Due to the fact that many drivers have only the minimum liability required by law, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important.

Collision coverage – This pays for damage to your Silverado 3500 caused by collision with another car or object. You first must pay a deductible and then insurance will cover the remainder.

Collision coverage protects against things like driving through your garage door, damaging your car on a curb and rolling your car. This coverage can be expensive, so analyze the benefit of dropping coverage from older vehicles. You can also bump up the deductible to bring the cost down.

Coverage for liability – This coverage will cover damage that occurs to other people or property in an accident. It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show values of 100/300/100 that translate to a $100,000 limit per person for injuries, a per accident bodily injury limit of $300,000, and property damage coverage for $100,000.

Liability insurance covers claims such as emergency aid, repair bills for other people’s vehicles, legal defense fees and medical expenses. How much liability should you purchase? That is your choice, but consider buying as large an amount as possible.

Comprehensive or Other Than Collision – Comprehensive insurance coverage pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage protects against things such as damage from getting keyed, hitting a deer and damage from a tornado or hurricane. The highest amount a insurance company will pay at claim time is the ACV or actual cash value, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.

Medical costs insurance – Med pay and PIP coverage kick in for short-term medical expenses such as rehabilitation expenses, nursing services, ambulance fees, funeral costs and chiropractic care. The coverages can be used in conjunction with a health insurance policy or if there is no health insurance coverage. It covers you and your occupants and also covers being hit by a car walking across the street. Personal Injury Protection is not available in all states but it provides additional coverages not offered by medical payments coverage

The bottom line

We just covered a lot of ways to get a better price on 2002 Chevy Silverado 3500 insurance. The key concept to understand is the more rate quotes you have, the better likelihood of getting cheaper insurance. Consumers could even find that the best prices are with an unexpected company. These smaller insurers may only write in your state and offer lower rates than their larger competitors like State Farm or Progressive.

As you go through the steps to switch your coverage, never buy less coverage just to save a little money. There are too many instances where someone dropped uninsured motorist or liability limits only to regret they didn’t purchase enough coverage. The goal is to get the best coverage possible at the best possible price, not the least amount of coverage.

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