Save on 2003 Chevrolet Silverado 3500 Car Insurance Rates

Locating better insurance prices for a Chevy Silverado 3500 could be an all-consuming task, but you can learn our insurance coverage buying tips to make it easier.

There are both good and bad ways to find insurance coverage online so you’re going to learn the absolute fastest way to get price quotes for your Chevy and obtain the lowest price either online or from local insurance agents.

It’s important to compare prices yearly since insurance rates fluctuate regularly. Just because you had the best deal for Silverado insurance six months ago there may be better deals available now. You can find a lot of misleading information regarding insurance coverage online but by reading this article, you’re going to learn some solid techniques on how to quit paying high insurance coverage rates.

Don’t overlook these discounts

Insuring your fleet can be pricey, but you can get discounts to cut the cost considerably. Some discounts apply automatically when you quote, but a few must be asked for before you will receive the discount. If you’re not getting every credit available, you are throwing money away.

  • Drive Less and Save – Keeping the miles down on your Chevy could qualify for discounted rates on garaged vehicles.
  • Accident Waiver – Certain companies permit an accident without raising rates as long as you don’t have any claims for a set time period.
  • Passive Restraint Discount – Factory air bags or motorized seat belts can receive discounts of more than 20%.
  • Paperless Signup – A handful of insurance companies give back up to $50 for buying your policy over the internet.
  • Pay Now and Pay Less – If you pay your entire premium ahead of time instead of paying each month you may reduce your total bill.
  • Anti-theft System – Vehicles equipped with anti-theft or alarm systems can help prevent theft and therefore earn up to a 10% discount.
  • New Vehicle Savings – Insuring a new car can be considerably cheaper compared to insuring an older model.
  • Anti-lock Brake System – Vehicles equipped with ABS or steering control can reduce accidents and therefore earn up to a 10% discount.

Drivers should understand that some of the credits will not apply to the entire cost. Most only cut the price of certain insurance coverages like comp or med pay. So even though they make it sound like you could get a free insurance coverage policy, it just doesn’t work that way. Any qualifying discounts will reduce the cost of coverage.

For a list of insurers with the best insurance coverage discounts, click this link.

Chevy Silverado 3500 rate determination is complex

An important part of buying insurance is that you know the different types of things that help determine your insurance coverage rates. When you know what positively or negatively influences your rates allows you to make educated decisions that will entitle you to much lower annual insurance costs.

  • Choose a safe vehicle and save – Safer cars tend to have better insurance rates. Safer cars have better occupant injury protection and better occupant protection translates into savings for insurance companies and more competitive rates for policyholders. If the Chevy Silverado 3500 has ratings of a minimum an “acceptable” rating on the Insurance Institute for Highway Safety website you may qualify for a discount.
  • Better credit means lower rates – A driver’s credit score is a big factor in determining your rates. Drivers with high credit scores tend to file fewer claims and have better driving records as compared to drivers with lower credit scores. If your credit is low, you could pay less to insure your 2003 Chevrolet Silverado 3500 by spending a little time repairing your credit.
  • Multiple policies with one company can save – Most insurance coverage companies will award you with lower prices to policyholders who consolidate policies with them in the form of a multi-policy discount. If you currently are using one company, it’s still a good idea to comparison shop to ensure the best deal.
  • Occupation reflects on rates – Careers like judges, executives and dentists tend to pay the highest average rates in part from job stress and lots of time spent at work. Other jobs such as pilots, historians and the unemployed have the lowest average rates for Silverado insurance.
  • Liability coverage is cheap – Your policy’s liability coverage will protect you if ever you are found liable for personal injury or accident damage. Liability provides legal defense coverage which can cost thousands of dollars. This coverage is very inexpensive as compared to coverage for physical damage, so do not cut corners here.
  • Men pay higher rates – Statistics demonstrate women tend to be less risk to insure than men. However, this does not mean men are WORSE drivers than women. Women and men cause accidents in similar percentages, but the male of the species have costlier accidents. Men also tend to get more serious tickets such as DWI and reckless driving. Male drivers age 16 to 19 tend to get in the most accidents and are penalized with high insurance coverage rates.
  • What are your deductibles? – The deductibles represent how much money you are willing to pay out-of-pocket before your insurance coverage pays a claim. Physical damage coverage, commonly called comprehensive (or other-than-collision) and collision coverage, protects your car from damage. Examples of covered claims would be colliding with a building, damage from fire, or theft. The more money you’re willing to pay, the bigger discount you will receive for Silverado insurance.

Is my situation unique?

When buying the right insurance coverage for your personal vehicles, there really is no “perfect” insurance plan. Your needs are not the same as everyone else’s.

For example, these questions might help in determining if your situation may require specific advice.

  • Am I covered when driving on a suspended license?
  • Is my nanny covered when driving my vehicle?
  • Should I bundle my homeowners policy with my auto?
  • What happens if I owe more than my 2003 Chevy Silverado 3500 is worth?
  • Is my Chevy Silverado 3500 covered if I use it for business?
  • What can I do if my company denied a claim?

If you’re not sure about those questions but a few of them apply then you might want to talk to a licensed insurance agent. To find an agent in your area, fill out this quick form. It only takes a few minutes and can help protect your family.

Auto insurance coverages

Learning about specific coverages of your insurance policy aids in choosing which coverages you need and the correct deductibles and limits. Insurance terms can be impossible to understand and nobody wants to actually read their policy.

Medical payments coverage and PIP

Coverage for medical payments and/or PIP reimburse you for short-term medical expenses for dental work, ambulance fees and chiropractic care. The coverages can be used in conjunction with a health insurance policy or if there is no health insurance coverage. Coverage applies to all vehicle occupants as well as getting struck while a pedestrian. Personal injury protection coverage is not available in all states but can be used in place of medical payments coverage

Uninsured/Underinsured Motorist coverage

This coverage protects you and your vehicle’s occupants when other motorists either are underinsured or have no liability coverage at all. This coverage pays for injuries to you and your family as well as your vehicle’s damage.

Because many people only carry the minimum required liability limits, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea. Normally the UM/UIM limits are identical to your policy’s liability coverage.

Comprehensive coverage

This coverage covers damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible then your comprehensive coverage will pay.

Comprehensive coverage protects against claims like vandalism, damage from getting keyed, hail damage, hitting a bird and damage from flooding. 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 consider removing comprehensive coverage.

Coverage for collisions

This covers damage to your Silverado 3500 caused by collision with an object or car. You have to pay a deductible then your collision coverage will kick in.

Collision can pay for claims like hitting a parking meter, scraping a guard rail and driving through your garage door. Paying for collision coverage can be pricey, so you might think about dropping it from vehicles that are 8 years or older. It’s also possible to raise the deductible to get cheaper collision coverage.

Liability coverages

Liability insurance can cover damages or injuries you inflict on people or other property. This coverage protects you against claims from other people, and doesn’t cover your injuries or vehicle damage.

Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show limits of 25/50/25 that means you have $25,000 in coverage for each person’s injuries, a per accident bodily injury limit of $50,000, and property damage coverage for $25,000. Occasionally you may see a combined 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, pain and suffering, repair bills for other people’s vehicles and structural damage. How much liability should you purchase? That is your choice, but you should buy as high a limit as you can afford.

In the end, you save

Cheap 2003 Chevy Silverado 3500 insurance is definitely available on the web and also from your neighborhood agents, so you should compare both to have the best selection. Some insurance coverage companies may not provide the ability to get a quote online and these smaller companies work with independent agents.

Insureds leave their current company for a variety of reasons including an unsatisfactory settlement offer, lack of trust in their agent, delays in paying claims or not issuing a premium refund. No matter why you want to switch, switching insurance coverage companies can be easier than you think.

While you’re price shopping online, it’s very important that you do not buy poor coverage just to save money. There are too many instances where consumers will sacrifice physical damage coverage only to regret at claim time that it was a big error on their part. Your focus should be to purchase a proper amount of coverage at the best price while still protecting your assets.

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