2001 Chevrolet Silverado 3500 Insurance Quotes – 7 Savings Tips

Want better insurance coverage rates for your Chevrolet Silverado 3500? Having to pay for overpriced insurance coverage can take a big chunk out of your checking account and make it hard to pay other bills. Comparing price quotes is free and is an excellent way to tighten up your finances. Many insurance companies vie for your insurance dollar, and because of this it can be hard to compare insurers and get the best coverage at the best rate

If you have insurance now or need a new policy, you can use this information to shop for the lowest rates and possibly find even better coverage. Finding affordable coverage is not that difficult. Drivers only need an understanding of the proper methods to compare prices online.

Finding Auto Insurance Deals

There are a variety of methods to compare 2001 Chevy Silverado 3500 auto insurance quotes, and some are less time-consuming than others. You can spend your afternoon talking to agents in your area, or you can utilize the web to get prices fast.

Many popular insurance companies are enrolled in a marketplace where prospective buyers submit one quote, and every company provides a quote based on the submitted data. This eliminates the need for quote requests to each company.

To participate in this free quote system, click here (opens in new window).

The one disadvantage to using this type of system is you don’t know exactly which companies to receive prices from. So if you prefer to pick individual companies to receive pricing from, we put together a list of companies who write auto insurance in your area. Click to view list.

It doesn’t matter which method you choose, just ensure you are comparing identical coverages on every quote. If you have higher or lower deductibles it’s impossible to make an equal comparison.

Don’t overlook these seven discounts

Insuring your vehicles can cost a lot, but you may find discounts that you may not even be aware of. Larger premium reductions will be automatically applied when you complete an application, but a few must be manually applied before they will apply. If you don’t get every credit you qualify for, you’re just leaving money on the table.

  • Sign Online – A few companies will discount your bill up to fifty bucks for buying your policy online.
  • Lower Rates for Military – Having a family member in the military could be rewarded with lower premiums.
  • Life Insurance Discount – Some companies give lower rates if you buy life insurance.
  • Memberships – Participating in a civic or occupational organization could trigger savings when buying auto insurance for Silverado insurance.
  • College Student – Children who attend school more than 100 miles from home without a vehicle on campus can be insured at a reduced rate.
  • Defensive Driving Course – Taking a course teaching defensive driving skills could save 5% or more depending on where you live.
  • Anti-lock Brake Discount – Vehicles with anti-lock braking systems prevent accidents and therefore earn up to a 10% discount.

Consumers should know that most discount credits are not given to the entire policy premium. Most cut individual premiums such as liability and collision coverage. So even though it sounds like all those discounts means the company will pay you, auto insurance companies aren’t that generous. But any discount will bring down your premiums.

Companies that possibly offer these benefits are:

Check with all companies you are considering which discounts you may be entitled to. Savings may not be available in your area.

Is my situation unique?

When choosing the best insurance coverage, there really is not a perfect coverage plan. Every insured’s situation is different and your policy should reflect that. For instance, these questions could help you determine if your insurance needs might need professional guidance.

  • Who is covered when they drive my 2001 Chevy Silverado 3500?
  • Is my vehicle covered by my employer’s policy when using it for work?
  • What is covered by UM/UIM coverage?
  • How can I get my company to pay me more for my totalled car?
  • Are all vehicle passengers covered by medical payments coverage?
  • Am I covered when driving on a suspended license?
  • Does my insurance cover damage caused when ticketed for reckless driving?
  • Do I need added coverage for expensive stereo equipment?
  • When should I not file a claim?

If it’s difficult to answer those questions then you might want to talk to a licensed insurance agent. To find lower rates from a local agent, fill out this quick form or you can go here for a list of companies in your area. It’s fast, doesn’t cost anything and can help protect your family.

Auto insurance coverages 101

Having a good grasp of auto insurance can help you determine appropriate coverage at the best deductibles and correct limits. The coverage terms in a policy can be ambiguous and even agents have difficulty translating policy wording. Shown next are typical coverage types found on most auto insurance policies.

Collision protection

This coverage pays to fix your vehicle from damage from colliding with a stationary object or other vehicle. You have to pay a deductible then your collision coverage will kick in.

Collision coverage protects against things such as driving through your garage door, rolling your car and crashing into a ditch. This coverage can be expensive, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. Drivers also have the option to raise the deductible in order to get cheaper collision rates.

Uninsured Motorist or Underinsured Motorist insurance

This protects you and your vehicle from other motorists when they are uninsured or don’t have enough coverage. Covered losses include medical payments for you and your occupants and damage to your Chevy Silverado 3500.

Since many drivers have only the minimum liability required by law, their liability coverage can quickly be exhausted. So UM/UIM coverage is a good idea. Frequently your uninsured/underinsured motorist coverages are similar to your liability insurance amounts.

Liability insurance

This coverage provides protection from damages or injuries you inflict on a person or their property. It protects you against other people’s claims, and doesn’t cover damage to your own property or vehicle.

Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. Your policy might show values of 100/300/100 that translate to $100,000 in coverage for each person’s injuries, a limit of $300,000 in injury protection per accident, and $100,000 of coverage for damaged propery. Alternatively, you may have a combined single limit or CSL which limits claims to one amount and claims can be made without the split limit restrictions.

Liability coverage protects against things such as medical expenses, structural damage, pain and suffering, funeral expenses and attorney fees. The amount of liability coverage you purchase is a decision to put some thought into, but you should buy as high a limit as you can afford.

Comprehensive coverage (or Other than Collision)

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

Comprehensive insurance covers things such as hitting a deer, damage from a tornado or hurricane, vandalism, damage from getting keyed and a tree branch falling on your vehicle. The highest amount your auto insurance company will pay is the market value of your vehicle, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.

Insurance for medical payments

Med pay and PIP coverage reimburse you for immediate expenses for funeral costs, dental work and surgery. They are often utilized in addition to your health insurance policy or if you do not have health coverage. Coverage applies to you and your occupants and also covers if you are hit as a while walking down the street. Personal injury protection coverage is not universally available and gives slightly broader coverage than med pay

Don’t throw your cash in the trash

When buying insurance coverage, never buy poor coverage just to save money. There have been many cases where someone dropped liability limits or collision coverage only to regret that their decision to reduce coverage ended up costing them more. Your strategy should be to buy the best coverage you can find at a price you can afford, not the least amount of coverage.

We just presented a lot of ways to lower your 2001 Chevy Silverado 3500 insurance rates. The most important thing to understand is the more price quotes you have, the better your comparison will be. Drivers may discover the most savings is with the least-expected company. Some small companies may have significantly lower rates on certain market segments than the large multi-state companies such as State Farm and Allstate.

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