Consumers have options when looking for the best price on Chevy Silverado 1500HD insurance. You can either spend your time contacting agents to get rate comparisons or leverage the internet to compare rates.
There are more efficient ways to find car insurance online so you’re going to learn the quickest way to compare rates on a Chevy and get the lowest possible price from both online companies and local agents.
If you have a current car insurance policy or are just looking to switch companies, you can use this information to get lower rates while maximizing coverage. This article will tell you the best way to quote coverages and some tricks to saving. Consumers just need to understand the proper methods to compare prices over the internet.
Discounts can save BIG
Car insurance is not cheap, but there are discounts available to help bring down the price. Some trigger automatically when you purchase, but some must be inquired about prior to getting the savings. If you don’t get every credit possible, you’re just leaving money on the table.
- Accident Free – Good drivers with no accidents pay less as compared to frequent claim filers.
- Passive Restraint Discount – Vehicles with factory air bags or automatic seat belts can receive discounts up to 30%.
- Seat Belt Usage – Using a seat belt and requiring all passengers to buckle their seat belts can save up to 15% off the personal injury premium cost.
- Good Student Discount – This discount can earn a discount of 20% or more. Earning this discount can benefit you until age 25.
- New Car Discount – Putting insurance coverage on a new car can cost up to 25% less compared to insuring an older model.
- Employee of Federal Government – Active or retired federal employment can save as much as 8% for SilveradoHD insurance depending on your company.
- Pay Upfront and Save – If paying your policy premium upfront instead of monthly or quarterly installments you can actually save on your bill.
- Multiple Cars – Buying coverage for all your vehicles on one policy can get a discount on all vehicles.
- Auto/Home Discount – If you insure your home and vehicles with one company you may earn at least 10% off all policies.
- Student Driver Training – Have your child take driver’s ed class if it’s offered in school.
Consumers should know that some credits don’t apply to the overall cost of the policy. Most only apply to specific coverage prices like collision or personal injury protection. So even though they make it sound like adding up those discounts means a free policy, companies wouldn’t make money that way. Any qualifying discounts will reduce your premiums.
To choose insurers with the best car insurance discounts, click here to view.
Lesser-known factors impacting Chevy Silverado 1500HD insurance rates
It’s important that you understand the rating factors that come into play when calculating the rates you pay for car insurance. Understanding what controls the rates you pay allows you to make educated decisions that can help you get much lower annual insurance costs.
The list below includes some of the items companies use to determine your rates.
- Teen drivers pay high rates – Young drivers are statistically proven to be less responsible when driving so car insurance rates are higher. Parents adding a teen driver onto a policy can be quite pricey. More mature drivers tend to be more responsible, file fewer claims and tend to be better behind the wheel.
- How many coverages with the same company – Most car insurance companies give discounts to customers who have multiple policies with them, otherwise known as a multi-policy discount. Even with this discount, you may still want to compare rates to confirm you are receiving the best rates possible. You may still be able to find a better deal by splitting coverages up.
- Performance influences rates – The type of vehicle you drive makes a big difference in how high your rates are. Due to the fact that the Chevrolet Silverado 1500HD falls in the pickup truck class, insuring your vehicle will cost similar in price than the average rate where you live. Small economy passenger cars generally receive the lowest base rates, but other factors influence the final cost greatly.
- Adjust deductibles and save – Deductibles for physical damage define the amount you are required to spend if you file a covered claim. Physical damage coverage, termed comprehensive and collision coverage on your policy, is used to repair damage to your car. Examples of covered claims are running into the backend of another car, damage caused by hail, and rolling your vehicle. The more money you’re willing to pay, the less your company will charge you for insurance for SilveradoHD insurance.
- Males pay more for insurance – Statistics show that men are more aggressive behind the wheel. However, don’t assume that men are WORSE drivers than women. Both sexes tend to get into accidents in similar percentages, but the male of the species cause more damage and cost insurance companies more money. Men also tend to get more serious tickets such as reckless driving.
- Do you have a high stress job? – Occupations such as lawyers, business owners and accountants are shown to have higher rates than average because of job stress and long work hours. On the flip side, occupations such as scientists, athletes and the unemployed pay the least for SilveradoHD insurance.
- Do you know you’re credit rating? – Your credit score is a huge factor in determining what you pay for car insurance. If your credit rating is lower than you’d like, you could pay less to insure your Chevrolet Silverado 1500HD by spending a little time repairing your credit. Drivers who have high credit ratings tend to be better drivers and file fewer claims as compared to drivers with poor credit.
Price shop online but buy from a local agent
Some people prefer to buy from a local agent and there is nothing wrong with that. Professional agents can point out coverage gaps and help you file claims. The biggest benefit of price shopping on the web is that you can obtain the best rates and still have an agent to talk to. Supporting small agencies is important particularly in small towns and cities.
To help locate an agent, after submitting this quick form, your coverage information is immediately sent to agents in your area who will battle for your business. You won’t need to drive around due to the fact that quote results will go to your email. It doesn’t get any easier!
Multiple types of auto insurance agents
If you’re trying to find local agents, you need to know there are two types of agencies that differ in how they can insure your vehicles. agents can either be captive or independent (non-captive). Both types can properly insure your vehicles, but it’s important to know the differences because it can impact your agent selection.
Independent Agencies or Brokers
These agents are not required to write business for one company so they have the ability to put coverage with multiple insurance companies enabling the ability to shop coverage around. To move your coverage to a new company, they simply move the coverage in-house and you won’t have to switch agencies.
When searching for an agent, you should always contact multiple independent agents for maximum quote selection.Most can insure with different regional companies which may provide better rates.
Captive Agents
Captive agents write business for a single company like Allstate, State Farm and Farmers Insurance. They are unable to compare other company’s rates so they are skilled at selling on more than just price. Captives are usually quite knowledgeable in insurance sales which can be an advantage. Consumers sometimes buy insurance from these agents mainly due to the prominence of the brand and solid financial strength.
To view a full list of car insurance agents, visit this page.
Picking an auto insurance agent should depend on more than just the price. Ask your prospective agent these questions:
- How long has their agency been in business?
- Do they receive special compensation for putting your coverage with one company over another?
- If they are an independent agency, which companies do they recommend?
- Can glass repairs be made at your home?
- Do they have adequate Errors and Ommissions coverage? This protects you if they make a mistake.
- Is the agent and/or agency licensed to do business in your state?
- Which company do they place the most coverage with?
- Is vehicle mileage a factor when determining depreciation for repairs?
After receiving acceptable answers to any questions you have and an acceptable price quote, most likely you have located an auto insurance agent that is a good match to provide car insurance coverage.
Summing up your car insurance search
The cheapest Chevy Silverado 1500HD insurance can be bought online and also from your neighborhood agents, and you need to price shop both to have the best chance of lowering rates. There are still a few companies who may not provide online price quotes and usually these smaller companies provide coverage only through local independent agents.
You just learned a lot of ways to get a better price on Chevy Silverado 1500HD insurance. It’s most important to understand that the more rate comparisons you have, the better likelihood of reducing your rate. Consumers may even find the best price on car insurance is with a small local company.
When you buy insurance online, you should never skimp on critical coverages to save a buck or two. There are a lot of situations where an insured dropped uninsured motorist or liability limits to discover at claim time that a couple dollars of savings turned into a financial nightmare. Your focus should be to buy a smart amount of coverage at an affordable rate, not the least amount of coverage.
