The best way we recommend to find low-cost Chevy Silverado 3500HD insurance is to start doing an annual price comparison from insurance carriers who provide car insurance in Minneapolis. Rates can be compared by completing these steps.
First, try to learn about how your policy works and the measures you can control to prevent expensive coverage. Many rating criteria that cause rate increases like multiple speeding tickets and poor credit rating can be remedied by making minor driving habit or lifestyle changes.
Second, request rate estimates from direct carriers, independent agents, and exclusive agents. Direct and exclusive agents can only quote rates from one company like GEICO or Allstate, while agents who are independent can give you price quotes from multiple insurance companies.
Third, compare the new rate quotes to your current policy and determine if cheaper Silverado 3500HD coverage is available. If you find a lower rate and decide to switch, ensure coverage does not lapse between policies.
Fourth, provide notification to your current agent or company to cancel your current car insurance policy. Submit payment and a completed application to your new carrier. Immediately upon receiving it, put the new certificate verifying proof of insurance with your registration paperwork.
An essential thing to point out is to make sure you're comparing identical limits and deductibles on every quote request and and to look at every company you can. Doing this provides a level playing field and a thorough selection of prices.
It goes without saying that insurance companies want to prevent you from shopping around. Insureds who shop around for a cheaper policy are likely to switch to a new company because there is a good probability of finding better rates. Remarkably, a study showed that consumers who compared rates once a year saved $865 annually compared to those who never shopped for cheaper rates.
If finding budget-friendly Chevy Silverado 3500HD insurance is your ultimate target, then learning about how to find companies and compare insurance coverage can make it easier to shop your coverage around.
Buying affordable car insurance in Minneapolis is quite easy if you know the best way to do it. If you have insurance now or are shopping for new coverage, use these money-saving tips to reduce the price you pay while maintaining coverages. Shoppers only need an understanding of the quickest way to compare insurance rates from many different companies.
The best way to compare insurance rates from multiple companies is to take advantage of the fact most larger insurance companies pay for the opportunity to give you rate quotes. The only thing you need to do is spend a couple of minutes providing details like types of safety features, driver details, whether the vehicles are used for commuting, and your job. Your rating data is sent automatically to insurance carriers in your area and they return cost estimate within a short period of time.
To start a quote now, click here and enter your zip code.
The auto insurance companies shown below are our best choices to provide quotes in Minneapolis, MN. If you want cheap auto insurance in Minneapolis, it's highly recommended you visit two to three different companies to get the best price comparison.
Insurance coverage details
The premium information below showcases different insurance policy prices for Chevy Silverado 3500HD models. Understanding more about how policy premiums are calculated can be useful when making smart buying decisions.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Silverado 3500HD LT Crew Cab 4WD||$186||$406||$480||$28||$144||$1,244||$104|
|Silverado 3500HD LT Extended Cab 4WD||$186||$406||$480||$28||$144||$1,244||$104|
|Silverado 3500HD LT Crew Cab 2WD||$186||$352||$384||$22||$114||$1,058||$88|
|Silverado 3500HD LTZ Crew Cab 2WD||$206||$352||$384||$22||$114||$1,078||$90|
|Silverado 3500HD LT Crew Cab Diesel 2WD||$206||$406||$384||$22||$114||$1,132||$94|
|Silverado 3500HD LTZ Crew Cab Diesel 2WD||$206||$406||$384||$22||$114||$1,132||$94|
|Get Your Own Custom Quote Go|
Table data assumes single male driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Minnesota minimum liability limits. Discounts applied include multi-policy, claim-free, multi-vehicle, safe-driver, and homeowner. Price estimates do not factor in specific zip code location which can alter coverage rates substantially.
Auto insurance rates by gender and age in Minneapolis
The illustration below visualizes the comparison of Chevy Silverado 3500HD insurance premiums for male and female drivers. The prices are based on no claims, a clean driving record, full coverage, $250 deductibles, marital status is single, and no policy discounts are applied.
Full coverage rates vs. liability-only in Minneapolis
The chart below shows the comparison of Chevy Silverado 3500HD insurance costs with and without physical damage coverage. The data assumes no claims, a clean driving record, $1,000 deductibles, single status, and no discounts are taken into consideration.
When to stop buying physical damage coverage
There is no written rule to eliminate comp and collision coverage, but there is a general convention. If the annual cost of coverage is about 10% or more of any settlement you would receive from your insurance company, then it could be time to drop full coverage.
For example, let's pretend your Chevy Silverado 3500HD book value is $5,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled, the most you would get paid by your company is $4,000 after paying your policy deductible. If it's costing in excess of $400 a year to have full coverage, the it may be a good time to stop paying for full coverage.
There are a few situations where dropping physical damage coverage is not financially feasible. If you still have a loan on your vehicle, you have to maintain full coverage to satisfy the loan requirements. Also, if you don't have enough money to buy a different vehicle if your current one is totaled, you should keep full coverage in place.
Insurance is not optional in Minnesota
Despite the high cost of buying insurance for a Chevy Silverado 3500HD in Minneapolis, insurance is a good idea for several reasons.
- Almost all states have compulsory liability insurance requirements which means you are required to buy a minimum amount of liability coverage if you drive a vehicle. In Minnesota these limits are 30/60/10 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
- If you have a loan on your vehicle, almost all lenders will make it mandatory that you have full coverage to guarantee payment of the loan. If you do not keep the policy in force, the bank will be required to insure your Chevy at a much higher rate and require you to pay for it.
- Insurance safeguards not only your vehicle but also your assets. It will also pay for most medical and hospital costs for not only you but also any passengers injured in an accident. Liability insurance, one of your policy coverages, will also pay for a defense attorney if you are named as a defendant in an auto accident. If you receive damage to your vehicle caused by a storm or accident, your policy will cover the damage repairs after a deductible is paid.
The benefits of insuring your car more than cancel out the cost, particularly for liability claims. On average, a vehicle owner in Minneapolis overpays as much as $800 each year so it's important to compare rates at every renewal to help ensure money is not being wasted.
Cut your car insurance rates with these nine discounts
Some insurers don't always advertise all their discounts in a way that's easy to find, so here is a list a few of the more common in addition to some of the lesser obvious credits available to you.
- Driving Data Discount - Insureds who allow companies to analyze when and where they use their vehicle by using a telematics device such as State Farm's In-Drive may get a rate reduction if they are good drivers.
- Life Insurance Discount - Some insurance companies give lower car insurance rates if you buy life insurance.
- Air Bag Discount - Cars that have air bags can qualify for discounts as much as 30%.
- Government Employees - Active or former government employment may qualify for a discount when you quote Minneapolis auto insurance depending on your company.
- Drivers Ed for Students - Reduce the cost of insurance for teen drivers by having them enroll in driver's education if offered at their school.
- Early Payment Discounts - If you can afford to pay the entire bill instead of paying each month you may have a lower total premium amount.
- Accident Free - Insureds with no claims or accidents pay less when compared to bad drivers.
- Low Miles Discount - Keeping the miles down on your Chevy could be rewarded with discounted car insurance rates on garaged vehicles.
- Seat Belt Discounts - Requiring all passengers to wear their seat belts could cut 10% or more off the PIP or medical payment premium.
While discounts sound great, it's important to understand that most discount credits are not given to all coverage premiums. A few only apply to individual premiums such as comprehensive or collision. So even though it sounds like you would end up receiving a 100% discount, it just doesn't work that way.
The chart below illustrates the comparison of Chevy Silverado 3500HD insurance costs with and without discounts applied to the premium. The premiums are based on a female driver, no accidents or driving violations, Minnesota state minimum liability limits, full physical damage coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, safe-driver, marriage, multi-policy, claim-free, and multi-car discounts applied.
A list of companies and the discounts they provide are detailed below.
- GEICO may have discounts that include military active duty, anti-theft, driver training, seat belt use, good student, and membership and employees.
- SAFECO discounts include teen safety rewards, bundle discounts, accident prevention training, anti-lock brakes, safe driver, and teen safe driver.
- State Farm has savings for good driver, multiple policy, passive restraint, accident-free, Steer Clear safe driver discount, safe vehicle, and student away at school.
- MetLife has discounts for defensive driver, accident-free, good driver, multi-policy, claim-free, good student
- 21st Century offers premium reductions for teen driver, theft prevention, student driver, anti-lock brakes, early bird, automatic seat belts, and 55 and older.
- Progressive includes discounts for multi-vehicle, good student, multi-policy, continuous coverage, homeowner, online signing, and online quote discount.
When comparing rates, check with all the companies which credits you are entitled to. Some of the earlier mentioned discounts might not be offered on policies in Minneapolis. If you would like to view insurance companies who offer online Chevy Silverado 3500HD insurance quotes in Minneapolis, click here to view.
Are insurance agencies of importance?
Some people would prefer to go talk to an agent and that is a smart decision Insurance agents can help you build your policy and help you file claims. One of the great benefits of comparing rates online is that you can obtain lower rates and also buy local.
For easy comparison, once you complete this quick form, your insurance data is emailed to local insurance agents in Minneapolis that give free quotes and help you find cheaper coverage. It simplifies rate comparisons since you won't have to visit any agencies since price quotes are sent to you instantly. In the event you want to compare rates from a specific car insurance provider, you would need to search and find their rate quote page to submit a rate quote request.
Picking an company should include more criteria than just a cheap price quote. Here are some questions you should ask.
- Do they reduce claim amounts on high mileage vehicles?
- Does the agent recommend any additional coverage?
- How would your car be valued if totaled?
- Is vehicle damage repaired with OEM or aftermarket parts?
- Will you be dealing directly with the agent or with a Custom Service Representative (CSR)?
- Do the agents have professional certifications like CPCU or CIC?
- Do they offer rental car reimbursement?
- Are claim adjusters local or do you have to take your car somewhere else?
Your situation helps dictate your coverage
When choosing insurance from an agent or online for your vehicles, there is no perfect coverage plan. Each situation is unique so this has to be addressed. For instance, these questions can aid in determining if your insurance needs would benefit from an agent's advice.
- What discounts do I qualify for?
- What is high-risk coverage and where do I buy it?
- Do I need added coverage for expensive stereo equipment?
- Do I have ACV or replacement cost coverage?
- Do I need replacement cost coverage on my Chevy Silverado 3500HD?
- Why do I need rental car insurance?
- What if I total my Chevy Silverado 3500HD and owe more than it's worth?
- What is no-fault insurance?
- How do I buy GAP insurance?
- Is business equipment covered while in my vehicle?
If you're not sure about those questions but one or more may apply to you, you may need to chat with a licensed agent. To find an agent in your area, fill out this quick form or you can also visit this page to select a carrier It's fast, doesn't cost anything and can provide invaluable advice.
Specific coverages for a Chevy Silverado 3500HD
Knowing the specifics of your policy helps when choosing which coverages you need and the correct deductibles and limits. The terms used in a policy can be ambiguous and coverage can change by endorsement. Shown next are the normal coverages available from car insurance companies.
Coverage for uninsured or underinsured drivers
This provides protection from other drivers when they do not carry enough liability coverage. This coverage pays for hospital bills for your injuries and damage to your Chevy Silverado 3500HD.
Because many people have only the minimum liability required by law (30/60/10 in Minnesota), it only takes a small accident to exceed their coverage. So UM/UIM coverage is important protection for you and your family.
Coverage for medical expenses
Coverage for medical payments and/or PIP kick in for bills such as dental work, rehabilitation expenses and surgery. The coverages can be used to fill the gap from your health insurance program or if there is no health insurance coverage. It covers all vehicle occupants and will also cover any family member struck as a pedestrian. PIP coverage is not an option in every state and may carry a deductible
This coverage covers damage to your Silverado 3500HD resulting from a collision with another vehicle or an object, but not an animal. A deductible applies then your collision coverage will kick in.
Collision coverage pays for things like driving through your garage door, crashing into a building, hitting a parking meter and scraping a guard rail. Collision coverage makes up a good portion of your premium, so consider removing coverage from older vehicles. Drivers also have the option to bump up the deductible on your Silverado 3500HD to save money on collision insurance.
Comprehensive car insurance
This coverage will pay to fix damage that is not covered by collision coverage. You first have to pay a deductible then your comprehensive coverage will pay.
Comprehensive insurance covers things such as hail damage, a tree branch falling on your vehicle, falling objects, damage from getting keyed and theft. The maximum amount you can receive from a comprehensive claim is the ACV or actual cash value, so if the vehicle's value is low consider removing comprehensive coverage.
Auto liability insurance
This provides protection from injuries or damage you cause to people or other property that is your fault. Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see liability limits of 30/60/10 that means you have a $30,000 limit per person for injuries, a total of $60,000 of bodily injury coverage per accident, and $10,000 of coverage for damaged property.
Liability coverage protects against claims like loss of income, court costs, bail bonds, funeral expenses and structural damage. How much coverage you buy is your choice, but it's cheap coverage so purchase as high a limit as you can afford. Minnesota requires drivers to carry at least 30/60/10 but drivers should carry better liability coverage.
The illustration below shows why buying the state minimum limits may not be high enough to cover claims.
You can lower your insurance rates
When shopping online for insurance, it's not a good idea to sacrifice coverage to reduce premiums. There have been many situations where someone dropped liability limits or collision coverage only to regret that it was a big mistake. The proper strategy is to find the BEST coverage at the best cost, but don't skip important coverages to save money.
Some insurance companies may not provide online rate quotes and these small insurance companies prefer to sell through independent insurance agents. Cost effective Chevy Silverado 3500HD insurance can be bought from both online companies and also from your neighborhood Minneapolis agents, so you should compare both to have the best rate selection.
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