Car Insurance Quotes for a Chevy Silverado 3500HD in Colorado Springs

Locating better insurance prices for your Chevy Silverado 3500HD in Colorado can be a lot of work, but you can learn these tips and make it easy.

There are more efficient ways to shop for car insurance so you’re going to learn the absolute fastest way to get price quotes for a Chevy and find the lowest possible price from both online companies and Colorado Springs agents.

What Determines Chevy Silverado 3500HD Insurance Premiums?

Many factors are part of the calculation when premium rates are determined. Some are obvious like a motor vehicle report, but other criteria are more obscure like your continuous coverage or how financially stable you are.

The itemized list below are a partial list of the pieces that factor into your prices.

Vehicle risk affects costs – The performance of the car or truck you are insuring makes a big difference in the rate you pay. Small economy passenger models normally have pretty low rates, but many other things help determine your insurance rates.

The following chart uses these variables: single male driver age 20, full coverage with $500 deductibles, and no discounts or violations. It compares Chevrolet Silverado 3500HD policy rates compared to other models that have different performance rating factors.

With age comes lower rates – Older people tend to be more responsible, tend to file fewer claims, and receive fewer citations. Young drivers are statistically shown to be inattentive when at the wheel of a vehicle so insurance rates are higher.

The following data is based on a single driver, full coverage with $1000 deductibles, and no discounts or violations.

Marriage equates to better rates – Having a significant other may cut your premiums on insurance. Having a spouse means you’re more financially stable it has been statistically shown that drivers who are married are more cautious.

Extra policy coverages can add up – Policies have extra coverages that may not really be needed if you don’t pay attention. Insurance for things like replacement cost coverage, death and dismemberment, and term life insurance may be wasting your money. The coverages may be enticing when talking to your agent, but your needs may have changed so think about removing them and cutting costs.

Rates and statistics

The information displayed below covers different prices for Chevy Silverado 3500HD models. Learning how insurance policy premiums are calculated can assist in making decisions when shopping your coverage around.

Table data assumes single female driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Colorado minimum liability limits. Discounts applied include multi-policy, claim-free, safe-driver, multi-vehicle, and homeowner. Prices do not factor in the specific area where the vehicle is garaged which can impact prices noticeably.

Higher deductibles lower rates

When comparing car insurance rates, the most common question is the level to set your comp and collision deductibles. The comparison tables below illustrate the differences in price between high and low insurance deductibles. The first rate estimation uses a $100 deductible for comp and collision and the second set of prices uses a $1,000 deductible.

Data variables include married male driver age 30, no speeding tickets, no at-fault accidents, and Colorado minimum liability limits. Discounts applied include homeowner, multi-policy, safe-driver, multi-vehicle, and claim-free. Estimates do not factor in zip code location which can lower or raise prices significantly.

Using the premium rates above, we can conclude that using a $100 deductible will cost you approximately $45 more each month or $540 every year than selecting the higher $1,000 deductible. Since you would have to pay $900 more if you file a claim with a $1,000 deductible as compared to a $100 deductible, if you normally go at least 20 months between claims, you would come out ahead by going with a higher deductible. The numbers below show the way this determination is made.

One big caveat is that raising deductibles to save money means you will have to pay more of your own money when you have a physical damage claim. That will require some funds available in the event you have to pay more to get your vehicle repaired.

The information below highlights how deductible selection and can impact Chevy Silverado 3500HD insurance costs for different categories of driver ages. The premiums assume a single female driver, full coverage, and no discounts are applied.

Car insurance cost for men versus women in Colorado Springs

The information below illustrates the difference between Chevy Silverado 3500HD insurance premiums for male and female drivers. The data assumes no violations or claims, full coverage, $500 deductibles, drivers are not married, and no discounts are factored in.

These discounts can cut Chevy Silverado 3500HD insurance rates

Some providers don’t always advertise every possible discount very well, so the next list breaks down both well-publicized and the more hidden discounts that you may qualify for.

• Active Military Service – Being deployed with a military unit could trigger a small discount.
• Sign Online – A few car insurance companies will discount your bill up to fifty bucks for completing your application over the internet.
• Cautious Driver Discount – Drivers who don’t get into accidents can save as much as half off their rates than their less cautious counterparts.
• Own a Home and Save – Being a homeowner can save you money because owning a home is proof of financial responsibility.
• Theft Prevention Discount – Vehicles that have factory alarm systems and tracking devices are stolen with less frequency and earn discounts up to 10% off your Colorado Springs car insurance quote.
• Resident Student – Older children who attend college more than 100 miles from Colorado Springs without a vehicle on campus may be able to be covered for less.

It’s important to understand that most of the big mark downs will not be given to the whole policy. Most only cut specific coverage prices like liability and collision coverage. Even though it may seem like all the discounts add up to a free policy, company stockholders wouldn’t be very happy.

The diagram below shows the comparison of Chevy Silverado 3500HD car insurance rates with and without policy discounts. The rates are based on a female driver, no driving violations, no at-fault accidents, Colorado state minimum liability limits, comp and collision included, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, multi-car, multi-policy, safe-driver, marriage, and claim-free discounts applied.

Auto insurance companies that may have most of the discounts above possibly include:

• 21st Century
• State Farm
• AAA
• Liberty Mutual
• Progressive

If you are trying to find low cost Colorado Springs car insurance quotes, ask every prospective company how many discounts you can get. A few discounts might not be available to policyholders in Colorado Springs.

Affordable auto insurance premiums are out there

Drivers leave their current company for a variety of reasons including an unsatisfactory settlement offer, lack of trust in their agent, extreme rates for teen drivers or even poor customer service. It doesn’t matter what your reason, finding a new auto insurance company is easier than you think.

The cheapest Chevy Silverado 3500HD insurance in Colorado Springs is available on the web and from local agencies, so you should compare both to have the best chance of lowering rates. Some insurance providers may not offer the ability to get quotes online and many times these smaller providers sell through independent agents.

We just covered a lot of ways to save on Chevy Silverado 3500HD insurance in Colorado Springs. The most important thing to understand is the more providers you compare, the higher the chance of saving money. Consumers may even find the lowest premium rates are with an unexpected company.

How to find cheaper Chevy Silverado 3500HD insurance in Colorado Springs

Truthfully, the best way to get the cheapest Chevy Silverado 3500HD insurance in Colorado Springs is to make a habit of comparing prices annually from companies in Colorado.

First, get an understanding of how companies set rates and the things you can control to prevent rate increases. Many rating factors that are responsible for high rates like at-fault accidents, speeding tickets, and a poor credit rating can be eliminated by making lifestyle changes or driving safer.

Second, compare rates from exclusive agents, independent agents, and direct providers. Direct companies and exclusive agencies can give quotes from a single company like Progressive or State Farm, while independent agencies can provide rate quotes from many different companies.

Third, compare the new rate quotes to your existing rates to see if you can save by switching companies. If you can save some money, ensure coverage does not lapse between policies.

One thing to point out is to try to compare similar limits and deductibles on every quote and and to compare as many carriers as you can. Doing this ensures an apples-to-apples comparison and a good representation of prices.

More tips and info about auto insurance can be found in the articles below:

• Distracted Driving Extends Beyond Texting (State Farm)
• What Insurance is Cheapest for 16 Year Olds in Colorado Springs? (FAQ)
• Who Has Cheap Colorado Springs Auto Insurance for Welfare Recipients? (FAQ)
• What Car Insurance is Cheapest for Hybrid Vehicles in Colorado Springs? (FAQ)
• What if I Can’t Find Coverage? (Insurance Information Institute)
• Credit and Insurance Scores (Insurance Information Institute)
• Honda warning system reduces insurance claims (Insurance Institute for Highway Safety)