Compare 2004 Chevrolet Silverado 2500 Car Insurance Quotes

Looking for the cheapest insurance rates for your Chevrolet Silverado 2500? Finding more affordable insurance can be a challenge for drivers new to shopping for insurance online. When there are so many online companies available, it can quickly become a big hassle to locate the lowest price.

Decisions you make can impact your insurance rates

It’s important that you understand the factors that play a part in calculating your car insurance rates. If you know what determines premiums, this enables informed choices that could result in better car insurance rates.

Listed below are some of the most rate-impacting factors used by companies to determine your prices.

  • Does car insurance cost less for women? – Over the last 50 years, statistics have shown women tend to be less risk to insure than men. The data does not necessarily mean that men are worse drivers. Women and men cause fender benders in similar numbers, but guys have costlier accidents. Not only that, but men also get higher numbers of serious violations such as DWI and reckless driving. Teenage male drivers are most likely to cause an accident and therefore have the most expensive car insurance rates.
  • Single drivers take more risk – Getting married can actually save you money on your car insurance bill. Marriage usually means you are more mature and it’s statistically proven that being married results in fewer claims.
  • Protect yourself with liability protection – Liability insurance will provide protection when you are ruled to be at fault for an accident. It provides for a legal defense to defend your case. This coverage is relatively inexpensive compared to comp and collision, so do not cut corners here.
  • Avoid policy lapses – Driving any period of time without insurance is illegal and companies may charge more for letting your coverage have a gap. In addition to paying higher rates, getting caught without coverage will get you a hefty fine and possibly a revoked license.
  • Consider raising coverage deductibles – Comp and collision deductibles define how much you are required to spend out-of-pocket if a covered claim is submitted. Physical damage coverage, aka comp and collision, covers damage that occurs to your car. Some examples of claims that would be covered are rearending another vehicle, animal collisions, and damage caused by road hazards. The more expense you have to pay, the bigger discount you will receive on Silverado insurance.
  • If you don’t need it don’t buy it – Insurance policies have a lot of optional add-on coverages that can waste your money but may not be useful. Add-on coverages like personal injury protection, better glass coverage, and extra equipment coverage could be just wasting money. These may sound like a good investment when discussing your needs, but if you don’t need them get rid of them and save.
  • Tickets increase prices – How you drive can have a huge impact on auto insurance premiums. Careful drivers tend to pay less for car insurance than bad drivers. Just one driving citation can increase the cost of insurance forty percent or more. Drivers who have gotten license-revoking violations like reckless driving or DUI may face state-mandated requirements to submit a SR-22 or proof of financial responsibility with their state motor vehicle department in order to drive a vehicle legally.

The quickest method to get rate comparisons is to know the trick most of the larger companies actually pay money for the chance to give you rate quotes. To get started, all you need to do is give them rating details such as whether or not you need a SR-22, if you have an active license, if you went to college, and the make and model of your vehicles. That rating data is then submitted to insurance companies and you will get price comparisons almost instantly.

Do insurance coverage companies bend the truth?

Progressive, Allstate and GEICO seem to constantly run ads in print and on television. They all make an identical promise that you can save just by moving to them. Is it even possible that every company can charge you less for car insurance? Here is the trick they use.

Many companies have specific criteria for the type of customer that earns them a profit. An example of this type of driver should be over the age of 40, has had continuous coverage, and drives a car with an anti-theft system. A customer getting a price quote that meets those criteria will most likely get cheap prices and have a good chance to cut their rates if they switch.

Drivers who fall short of these criteria will get a more expensive rate and the customer buying from a different company. The ads state “people who switch” but not “all drivers who get quotes” save money. This is how insurance companies can make those claims. That is why you really should get a wide range of price quotes. It’s impossible to know with any certainty which company will provide you with the cheapest car insurance rates.

Car insurance quotes and discounts

Some companies don’t always list every discount they offer in a way that’s easy to find, so we took the time to find some of the best known and the harder-to-find credits available to you.

  • Safe Driver Discounts – Drivers without accidents can get discounts for up to 45% lower rates on Silverado insurance than their less cautious counterparts.
  • Drive Less and Save – Maintaining low annual mileage can qualify you for cheaper rates.
  • Defensive Driving Course – Participating in a driver safety course could cut 5% off your bill depending on where you live.
  • No Charge for an Accident – This one is not really a discount per se, but a few companies such as GEICO, Allstate and Liberty Mutual will forgive one accident before they charge you more for coverage so long as you haven’t had any claims for a certain period of time.
  • New Vehicle Savings – Buying insurance coverage on a new vehicle may earn a small discount due to better safety requirements for newer vehicles.
  • Discount for Multiple Policies – If you can combine your auto and home policy and insure them with the same company you will save over 10 percent off each policy depending on the company.
  • Theft Prevention Discount – Vehicles that have factory alarm systems and tracking devices are stolen with less frequency so companies will give you a small discount.
  • Driver’s Education for Students – Teen drivers should successfully complete driver’s ed class in school.
  • Senior Citizen Discount – Mature drivers may be able to get a discount up to 10% on Silverado insurance.

One last thing about discounts, some of the credits will not apply to the overall cost of the policy. A few only apply to specific coverage prices like medical payments or collision. Despite the appearance that you can get free auto insurance, car insurance companies aren’t that generous. Any amount of discount will cut the amount you have to pay.

Larger car insurance companies and some of their more popular discounts can be found below.

  • The Hartford includes discounts for air bag, driver training, vehicle fuel type, anti-theft, and defensive driver.
  • American Family offers premium reductions for Steer into Savings, multi-vehicle, early bird, defensive driver, mySafetyValet, and TimeAway discount.
  • Progressive may include discounts for continuous coverage, multi-policy, multi-vehicle, homeowner, good student, online signing, and online quote discount.
  • Travelers discounts include home ownership, save driver, payment discounts, continuous insurance, multi-policy, and early quote.
  • Farmers Insurance may offer discounts for distant student, early shopping, mature driver, homeowner, pay in full, bundle discounts, and business and professional.
  • USAA policyholders can earn discounts including driver training, military installation, vehicle storage, multi-policy, good student, and family discount.
  • Liberty Mutual offers discounts including preferred payment discount, exclusive group savings, new vehicle discount, newly retired, multi-car, and hybrid vehicle.

If you want cheap car insurance quotes, ask every insurance company which discounts they offer. Depending on the company, some discounts may not be offered in your area. To choose car insurance companies who offer car insurance discounts, click this link.

Situations that may require an agent’s advice

When buying adequate coverage, there really is no one size fits all plan. Everyone’s needs are different.

For instance, these questions might help in determining if your insurance needs would benefit from professional advice.

  • What if I owe more than I can insure my car for?
  • Is my ex-spouse still covered by my policy?
  • I have good health insurance, so how much medical payments coverage do I need?
  • How do I insure my teen driver?
  • Which is better, split liability limits or combined limits?
  • Should I have a commercial auto policy?
  • How does medical payments coverage work?
  • Is my trailer covered?

If you don’t know the answers to these questions but you think they might apply to your situation, then you may want to think about talking to a licensed agent. To find lower rates from a local agent, fill out this quick form.

What insurance coverages do you need?

Learning about specific coverages of your policy can be of help when determining which coverages you need for your vehicles. Insurance terms can be confusing and reading a policy is terribly boring.

Comprehensive insurance – Comprehensive insurance coverage pays for damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against claims like a tree branch falling on your vehicle, a broken windshield, damage from flooding and theft. The maximum amount you can receive from a comprehensive claim is the market value of your vehicle, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.

Coverage for medical expenses – Medical payments and Personal Injury Protection insurance provide coverage for short-term medical expenses for things like chiropractic care, EMT expenses, doctor visits and hospital visits. They are used to cover expenses not covered by your health insurance policy or if there is no health insurance coverage. Coverage applies to both the driver and occupants and will also cover any family member struck as a pedestrian. Personal injury protection coverage is not available in all states and gives slightly broader coverage than med pay

Collision coverages – This coverage pays for damage to your Silverado 2500 resulting from a collision with a stationary object or other vehicle. You have to pay a deductible and then insurance will cover the remainder.

Collision insurance covers things like damaging your car on a curb, sideswiping another vehicle, crashing into a building and hitting a mailbox. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from lower value vehicles. Drivers also have the option to raise the deductible in order to get cheaper collision rates.

Coverage for uninsured or underinsured drivers – This coverage provides protection when other motorists either are underinsured or have no liability coverage at all. This coverage pays for medical payments for you and your occupants as well as damage to your 2004 Chevy Silverado 2500.

Since many drivers only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages should not be overlooked.

Liability – This protects you from damage that occurs to other people or property by causing an accident. It protects you against claims from other people, and doesn’t cover your injuries or vehicle damage.

It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have policy limits of 100/300/100 which means a $100,000 limit per person for injuries, a limit of $300,000 in injury protection per accident, and a total limit of $100,000 for damage to vehicles and property.

Liability coverage protects against things like court costs, repair costs for stationary objects and medical services. How much liability coverage do you need? That is a decision to put some thought into, but it’s cheap coverage so purchase higher limits if possible.

Affordable insurance is out there

Insureds change insurance companies for any number of reasons including not issuing a premium refund, denial of a claim, delays in paying claims or extreme rates for teen drivers. Regardless of your reason for switching companies, switching companies is easier than you think.

We just presented a lot of tips how to get a better price on 2004 Chevy Silverado 2500 insurance. The most important thing to understand is the more rate comparisons you have, the more likely it is that you will get a better rate. You may even find the lowest priced insurance comes from a small local company.

When searching for the cheapest car insurance quotes, make sure you don’t buy poor coverage just to save money. There are too many instances where someone sacrificed physical damage coverage and learned later they didn’t purchase enough coverage. The ultimate goal is to purchase a proper amount of coverage at a price you can afford, but do not sacrifice coverage to save money.

Additional insurance information can be found at the links below