Save on 2016 Chevrolet Silverado 2500HD Car Insurance Rates in 2024

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Jeffrey Johnson

Insurance Lawyer

Jeffrey Johnson is a legal writer with a focus on personal injury. He has worked on personal injury and sovereign immunity litigation in addition to experience in family, estate, and criminal law. He earned a J.D. from the University of Baltimore and has worked in legal offices and non-profits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman Univer...

Insurance Lawyer

UPDATED: May 14, 2024

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Shoppers have many options when shopping for affordable Chevy Silverado 2500HD insurance. They can either spend hours driving around to compare prices or utilize the internet to find the lowest rates. There is a right way and a wrong way to compare insurance rates and we’ll show you the absolute fastest way to quote coverages for your Chevy and obtain the lowest price.

It’s important to do price comparisons periodically because insurance prices fluctuate regularly. Even if you think you had the best rates on SilveradoHD coverage on your last policy you will most likely find a better rate quote today. Forget all the misinformation about insurance because we’re going to demonstrate the easiest way to find the best coverage while lowering your premiums.

If you are insured now or are looking for a new policy, you will benefit by learning to find better prices and possibly find even better coverage. The purpose of this article is to let you in on the most effective way to quote insurance and some money-saving tips. Consumers just need to know the most effective way to shop for car insurance over the internet.

Verify you’re earning every discount

The cost of insuring your cars can be expensive, but you may qualify for discounts that may help make it more affordable. Some of these discounts will be visible when you quote, but occasionally some discounts must be inquired about prior to getting the savings.

  • Save with a New Car – Adding a new car to your policy can save you some money compared to insuring an older model.
  • Accident Waiver – Not a discount per se, but some companies like Progressive, Allstate, and GEICO will allow you to have one accident without raising rates with the catch being you have to be claim-free for a certain period of time.
  • College Student – Children who are attending college and leave their car at home may be insured at a cheaper rate.
  • Driving Data Discount – Drivers who agree to allow their insurance company to analyze driving patterns remotely such as Snapshot from Progressive or Drivewise from Allstate may get a rate reduction if their driving habits are good.
  • Policy Bundle Discount – If you can bundle your home and auto insurance with the same company you may save at least 10 to 15 percent or more.
  • Seat Belt Discounts – Forcing all vehicle occupants to use a seat belt could save 15% off the medical payments premium.
  • Smart Student Discounts – Getting good grades can earn a discount of 20% or more. Many companies even apply the discount to college students up to age 25.
  • No Accidents – Claim-free drivers get the best insurance coverage rates as compared to bad drivers.

A quick disclaimer, some credits don’t apply to your bottom line cost. Most cut the price of certain insurance coverages like physical damage coverage or medical payments. Just because you may think all those discounts means the company will pay you, it doesn’t quite work that way.

To see a list of insurance companies that can offer you the previously mentioned discounts, enter your zip code here.

Why your insurance costs might be higher

Smart consumers have a good feel for a few of the rating criteria that help determine the price you pay for insurance. If you have a feel for what determines base rates, this allows you to make good choices that may result in cheaper rates.

  • Accidents will cost you – How you drive impacts premiums far more than you think. Only having one citation may cause rates to rise by as much as twenty percent. Good drivers pay lower auto insurance prices compared to drivers with tickets. Drivers who have received flagrant tickets like reckless driving, hit and run or driving under the influence may find that they have to to submit a SR-22 form with their state motor vehicle department in order to prevent a license revocation.
  • Claim-free discounts can add up – Companies generally give cheaper rates to policyholders who only file infrequent claims. If you are the type of insured that files lots of claims you can expect higher rates. Auto insurance is meant to be used in the event of more catestrophic claims.
  • Men pay more for auto insurance – Statistics have proven that men are more aggressive behind the wheel. This data doesn’t prove that males are worse at driving than females. Both genders cause auto accidents in similar percentages, but men tend to have higher claims. They also get ticketed for serious violations like reckless driving and DUI.
  • Premiums drop with age – Beginning drivers tend to be less responsible when behind the wheel so they pay higher insurance rates. Parents adding a inexperienced driver onto your insurance can cause a big jump in price. Mature drivers have been proven to be more responsible, tend to cause fewer accidents and are safer drivers.
  • Cars with good safety ratings cost less to insure – Vehicles with high crash test scores tend to have better insurance rates. Vehicles built for safety have better occupant injury protection and fewer serious injuries means your insurance company pays less which can mean better rates for you. If the Chevy Silverado 2500HD has at least an “acceptable” rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website you may pay a lower rate.
  • Consolidate policies and save money – Most insurance companies will give discounts to buyers who consolidate policies with them. It’s known as a multi-policy discount. Even with this discount, you still need to get quotes from other companies to help ensure you have the lowest rates. There is a chance you can find lower rates even if you have your coverage with different companies.
  • Discounts for GPS tracking and theft deterrents – Owning a car with a theft deterrent system can save you some money. Theft prevention features such as GM’s OnStar, tamper alarm systems and vehicle immobilizers all hinder vehicle theft.
  • Never let your insurance policy lapse – Driving your car without having proper coverage is not a good idea and as a result your rates will increase for letting your coverage cancel without a new policy in place. In addition to paying higher rates, not being able to provide proof of insurance will get you a fine, jail time, or a revoked license.

When should I discuss my situation with an agent?

When buying proper insurance coverage, there really is no cookie cutter policy. Every situation is different.

Here are some questions about coverages that might point out if your situation may require specific advice.

  • Is there coverage for injuries to my pets?
  • What is roadside assistance coverage?
  • Am I covered if I wreck a rental car?
  • I don’t drive much so do I pay less?
  • Do I have coverage when using my vehicle for my home business?
  • Who is covered when they drive my 2016 Chevy Silverado 2500HD?
  • Should I file a claim if it’s only slightly more than my deductible?

If you don’t know the answers to these questions then you might want to talk to a licensed agent. To find lower rates from a local agent, complete your zip code. It is quick, free and may give you better protection.

Auto insurance advertisements

Consumers can’t get away from ads for cheaper auto insurance by companies like State Farm and Allstate. All the companies make the same claim of big savings if you move your coverage.

How does every company give you a lower rate? This is the way they can do it.

Many companies have a preferred profile for the right customer that will not have excessive claims. A good example of this type of risk profile might be between the ages of 30 and 50, has no driving citations, and drives a safe vehicle. Any person who matches those parameters receives the best rates and have a good chance to save when switching.

Insureds who don’t qualify for those criteria will probably be forced to pay a more expensive rate which leads to the prospect going elsewhere. If you listen closely, the ads state “drivers that switch” not “everybody who quotes” can save as much as they claim. That’s why insurance companies can advertise the way they do. This really illustrates why you should compare rate quotes every year. Because you never know which company will give you the biggest savings.

Insurance policy specifics

Learning about specific coverages of insurance can help you determine appropriate coverage and proper limits and deductibles. Insurance terms can be ambiguous and coverage can change by endorsement.

Comprehensive or Other Than Collision

This pays for damage that is not covered by collision coverage. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.

Comprehensive insurance covers things such as rock chips in glass, damage from getting keyed, vandalism and hitting a deer. The highest amount you’ll receive from a claim is the market value of your vehicle, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

UM/UIM Coverage

This coverage gives you protection from other motorists when they either are underinsured or have no liability coverage at all. This coverage pays for hospital bills for your injuries as well as your vehicle’s damage.

Since many drivers carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is important protection for you and your family.

Liability coverages

This coverage protects you from injuries or damage you cause to other’s property or people in an accident. This insurance protects YOU against other people’s claims. It does not cover your injuries or vehicle damage.

Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have limits of 25/50/25 which means $25,000 bodily injury coverage, a per accident bodily injury limit of $50,000, and property damage coverage for $25,000.

Liability can pay for claims like bail bonds, pain and suffering, court costs, medical expenses and repair bills for other people’s vehicles. The amount of liability coverage you purchase is up to you, but it’s cheap coverage so purchase higher limits if possible.

Medical costs insurance

Med pay and PIP coverage provide coverage for expenses for things like rehabilitation expenses, doctor visits, X-ray expenses and hospital visits. The coverages can be utilized in addition to your health insurance policy or if you do not have health coverage. Medical payments and PIP cover all vehicle occupants and also covers if you are hit as a while walking down the street. PIP is not an option in every state and gives slightly broader coverage than med pay

Collision coverage protection

Collision insurance will pay to fix damage to your Silverado 2500HD caused by collision with another vehicle or an object, but not an animal. A deductible applies then your collision coverage will kick in.

Collision can pay for things such as driving through your garage door, rolling your car, hitting a mailbox and crashing into a ditch. This coverage can be expensive, so you might think about dropping it from vehicles that are older. You can also raise the deductible to bring the cost down.

A fool and his money are soon parted

As you shop your coverage around, it’s very important that you do not buy lower coverage limits just to save a few bucks. There have been many situations where drivers have reduced uninsured motorist or liability limits and discovered at claim time that the small savings ended up costing them much more. Your goal should be to buy a smart amount of coverage at an affordable rate, but do not skimp to save money.

Insureds who switch companies do it for any number of reasons including denial of a claim, delays in responding to claim requests, delays in paying claims or lack of trust in their agent. Regardless of your reason, choosing a new company is less work than it seems.

Cheap 2016 Chevy Silverado 2500HD insurance can be bought from both online companies in addition to local insurance agencies, so you should be comparing quotes from both to have the best rate selection. Some insurance providers may not provide rates over the internet and these small insurance companies prefer to sell through independent agents.

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