Nobody I know likes paying for auto insurance, especially when the price is too high. You have multiple car insurance companies to insure vehicles with, and although it’s nice to have multiple companies, lots of choices makes it harder to find the lowest cost provider.
It’s smart to check auto insurance prices every six months because insurance rates fluctuate regularly. Despite the fact that you may have had the best deal on Silverado coverage a year ago there may be better deals available now. You can find a lot of misleading information regarding auto insurance online, so we’re going to give you some of the best ways to put money back in your pocket.
Cutting your auto insurance rates is not rocket science. All that’s required is to spend a few minutes on the computer to compare rate quotes online with multiple companies. This can be accomplished in just a few minutes using one of these methods.
Whichever method you choose, be sure to compare apples-to-apples coverage limits on every quote you get. If you use different values for each quote it will be impossible to truly determine the lowest rate.
Consumers need to have an understanding of the different types of things that come into play when calculating the rates you pay for car insurance. When you know what positively or negatively controls the rates you pay empowers consumers to make smart changes that may reward you with much lower annual insurance costs.
Insurance can be prohibitively expensive, but discounts can save money and there are some available to help offset the cost. Some trigger automatically when you get a quote, but some may not be applied and must be specially asked for before being credited. If you’re not getting every credit you deserve, you’re just leaving money on the table.
A little note about advertised discounts, some of the credits will not apply the the whole policy. The majority will only reduce individual premiums such as comp or med pay. Even though it may seem like you could get a free insurance policy, companies don’t profit that way. Any qualifying discounts will reduce the amount you have to pay.
Insurance companies who might offer these discounts include:
Check with each company which discounts they offer. All car insurance discounts might not apply in your area.
When buying the right insurance coverage for your vehicles, there really is no “perfect” insurance plan. Every insured’s situation is different so your insurance needs to address that. These are some specific questions may help you determine whether your personal situation might need an agent’s assistance.
If you’re not sure about those questions, then you may want to think about talking to a licensed agent. If you want to speak to an agent in your area, complete this form or you can also visit this page to select a carrier It’s fast, doesn’t cost anything and can help protect your family.
Learning about specific coverages of a auto insurance policy can help you determine the right coverages for your vehicles. The coverage terms in a policy can be impossible to understand and even agents have difficulty translating policy wording. Listed below are the usual coverages offered by auto insurance companies.
Your UM/UIM coverage provides protection from other drivers when they do not carry enough liability coverage. Covered claims include hospital bills for your injuries as well as damage to your 2002 Chevy Silverado 3500.
Because many people carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage is very important. Most of the time these limits are set the same as your liablity limits.
This will cover damages or injuries you inflict on other’s property or people. It protects you against claims from other people. It does not cover damage sustained by your vehicle in an accident.
Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have liability limits of 25/50/25 that translate to $25,000 bodily injury coverage, a total of $50,000 of bodily injury coverage per accident, and a total limit of $25,000 for damage to vehicles and property. Alternatively, you may have one number which is a combined single limit which limits claims to one amount with no separate limits for injury or property damage.
Liability coverage pays for things such as emergency aid, repair costs for stationary objects, structural damage, court costs and bail bonds. The amount of liability coverage you purchase is up to you, but it’s cheap coverage so purchase as much as you can afford.
This coverage covers damage to your Silverado 3500 from colliding with an object or car. You have to pay a deductible and the rest of the damage will be paid by collision coverage.
Collision coverage protects against claims like crashing into a ditch, damaging your car on a curb, hitting a mailbox and hitting a parking meter. Paying for collision coverage can be pricey, so consider dropping it from older vehicles. Drivers also have the option to raise the deductible to bring the cost down.
This coverage pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.
Comprehensive coverage pays for things like damage from flooding, fire damage and hitting a bird. The highest amount you’ll receive from a claim is the ACV or actual cash value, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.
Medical payments and Personal Injury Protection insurance provide coverage for immediate expenses like chiropractic care, dental work and rehabilitation expenses. They are used to cover expenses not covered by your health insurance policy or if you lack health insurance entirely. They cover both the driver and occupants and will also cover any family member struck as a pedestrian. PIP is not universally available but it provides additional coverages not offered by medical payments coverage
We just covered a lot of tips how to shop for 2002 Chevy Silverado 3500 insurance online. The key concept to understand is the more price quotes you have, the better chance you’ll have of finding lower rates. Consumers could even find that the lowest priced insurance comes from a company that doesn’t do a lot of advertising. They often have lower prices on specific markets as compared to the big name companies such as Progressive or GEICO.
Cost effective insurance can be sourced on the web and with local insurance agents, and you should compare price quotes from both in order to have the best chance of saving money. A few companies do not offer the ability to get a quote online and many times these regional insurance providers only sell through independent insurance agents.
As you go through the steps to switch your coverage, never sacrifice coverage to reduce premiums. There are too many instances where someone dropped physical damage coverage only to regret at claim time that the small savings ended up costing them much more. The ultimate goal is to purchase plenty of coverage at an affordable rate while still protecting your assets.