2003 Chevrolet Silverado 3500 Insurance Quotes

Trying to find cheaper auto insurance rates for your Chevrolet Silverado 3500? No car owner looks forward to buying auto insurance, particularly when the cost is way too high.

There are many insurers to purchase coverage from, and although it’s a good thing to be able to choose, too many choices makes it more difficult to find a good deal.

Smart consumers take time to take a look at other company’s rates once or twice a year since prices are rarely the same from one policy term to another. Even if you think you had the lowest rates for Silverado insurance last year there is a good chance you can find better premium rates now. Ignore everything you know about auto insurance because you’re about to find out the tricks you need to know to properly buy coverages while reducing your premium.

The purpose of this post is to familiarize you with how car insurance quotes work. If you are paying for car insurance now, you stand a good chance to be able to reduce your rates substantially using these methods. But consumers must comprehend the way insurance companies sell online and take advantage of how the system works.

Verify you’re earning every discount

Car insurance is not cheap, but you might find some hidden discounts that you may not even be aware of. Some trigger automatically at the time of quoting, but once in a while a discount must be specially asked for before being credited.

  • 55 and Retired – Seniors are able to get lower premium rates for Silverado insurance.
  • Early Signing – Some insurance companies give discounts for switching to them prior to your current policy expiring. You could save around 10% when you buy insurance online.
  • Life Insurance – Larger companies have better insurance coveragerates if you take out some life insurance too.
  • Discounts for Federal Employees – Employees or retirees of the government could cut as much as 10% off for Silverado insurance depending on your company.
  • Distant Student Discount – Any of your kids who are enrolled in higher education away from home and won’t have access to an insured vehicle may be insured at a cheaper rate.

One last thing about discounts, most credits do not apply to all coverage premiums. The majority will only reduce the cost of specific coverages such as collision or personal injury protection. So even though it sounds like you could get a free insurance coverage policy, companies don’t profit that way.

Companies and some of the premium reductions they offer are shown below.

  • Progressive may include discounts for good student, multi-policy, online quote discount, online signing, continuous coverage, multi-vehicle, and homeowner.
  • AAA offers discounts for multi-car, multi-policy, good student, pay-in-full, anti-theft, and good driver.
  • Farmers Insurance may have discounts that include switch companies, distant student, business and professional, alternative fuel, and pay in full.
  • GEICO includes discounts for good student, driver training, military active duty, membership and employees, defensive driver, and anti-lock brakes.
  • Esurance may offer discounts for good student, Pac-12 alumni, online shopper, homeowner, and claim free.
  • SAFECO has savings for multi-car, safe driver, drive less, teen safety rewards, and anti-lock brakes.
  • State Farm offers premium reductions for student away at school, accident-free, Drive Safe & Save, multiple autos, passive restraint, multiple policy, and good student.

If you need lower rates, check with each company which discounts they offer. Some of the earlier mentioned discounts may not be available everywhere. If you would like to see a list of providers that provide some of the discounts listed above, click this link.

When should I discuss my situation with an agent?

When it comes to choosing coverage for your personal vehicles, there really is no single plan that fits everyone. Coverage needs to be tailored to your specific needs and a cookie cutter policy won’t apply. For example, these questions might help in determining whether you could use an agent’s help.

  • Does having multiple vehicles earn me a discount?
  • Does liability extend to a camper or trailer?
  • Is other people’s property covered if stolen from my vehicle?
  • Is there coverage for injuries to my pets?
  • How high should deductibles be on a 2003 Chevy Silverado 3500?
  • Is my business laptop covered if it gets stolen from my vehicle?

If it’s difficult to answer those questions, then you may want to think about talking to an agent. To find lower rates from a local agent, complete this form or click here for a list of insurance companies in your area.

Specifics of your insurance policy

Learning about specific coverages of your insurance policy can be of help when determining appropriate coverage and proper limits and deductibles. The terms used in a policy can be impossible to understand and reading a policy is terribly boring. Listed below are typical coverage types found on the average insurance policy.

Coverage for medical expenses – Medical payments and Personal Injury Protection insurance kick in for expenses for pain medications, surgery, EMT expenses, funeral costs and prosthetic devices. The coverages can be used to fill the gap from your health insurance policy or if you do not have health coverage. It covers all vehicle occupants and also covers any family member struck as a pedestrian. PIP coverage is not an option in every state but it provides additional coverages not offered by medical payments coverage

Comprehensive insurance – Comprehensive insurance coverage covers damage caused by mother nature, theft, vandalism and other events. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage pays for claims such as damage from getting keyed, vandalism, damage from flooding, theft and damage from a tornado or hurricane. The highest amount you’ll receive from a claim is the market value of your vehicle, so if the vehicle’s value is low consider removing comprehensive coverage.

Collision – This coverage pays for damage to your Silverado 3500 resulting from colliding with another vehicle or an object, but not an animal. A deductible applies then the remaining damage will be paid by your insurance company.

Collision can pay for things like hitting a mailbox, sustaining damage from a pot hole and sideswiping another vehicle. Paying for collision coverage can be pricey, so you might think about dropping it from vehicles that are older. Drivers also have the option to bump up the deductible to get cheaper collision coverage.

Coverage for uninsured or underinsured drivers – This protects you and your vehicle’s occupants from other motorists when they either are underinsured or have no liability coverage at all. Covered losses include hospital bills for your injuries and damage to your Chevy Silverado 3500.

Due to the fact that many drivers have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family. Most of the time these limits are similar to your liability insurance amounts.

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

It consists of three limits, bodily injury per person, bodily injury per accident and property damage. Your policy might show limits of 100/300/100 that means you have a $100,000 limit per person for injuries, a limit of $300,000 in injury protection per accident, and $100,000 of coverage for damaged propery. Some companies may use a combined single limit or CSL which limits claims to one amount rather than limiting it on a per person basis.

Liability can pay for things such as structural damage, repair costs for stationary objects and pain and suffering. The amount of liability coverage you purchase is your choice, but consider buying as much as you can afford.

Smart shoppers get results

We just covered a lot of information how to reduce 2003 Chevy Silverado 3500 insurance premium rates online. The key concept to understand is the more companies you get prices for, the higher your chance of finding cheap insurance. Drivers may discover the lowest premium rates are with the smaller companies. Smaller companies may only write in your state and offer lower prices than their larger competitors like State Farm or Progressive.

As you shop your coverage around, it’s very important that you do not reduce needed coverages to save money. Too many times, an insured dropped collision coverage only to regret that saving that couple of dollars actually costed them tens of thousands. The goal is to get the best coverage possible at the best price but still have enough coverage for asset protection.

Additional insurance information is available on the following sites: