Find Cheaper Chevy Silverado 3500HD Insurance in Plano

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Want to learn how to find more competitive Chevy Silverado 3500HD insurance in Plano? Are you drained from paying out the nose to insure your Chevy every month? You have the same problem as many other vehicle owners in Texas.

Insurance rates Chevy Silverado 3500HD in PlanoIt's an obvious assumption that insurance companies don't want policyholders to compare prices from other companies. Insureds who compare rates at least once a year will probably switch to a new company because the odds are good of finding coverage at a more affordable price. A recent insurance study revealed that people who compared rates regularly saved over $850 each year as compared to drivers who never compared rates.

If finding the cheapest price for Chevy Silverado 3500HD insurance is your ultimate goal, then having a grasp of how to find companies and compare coverages can save money and time.

Steps to buying lower priced Chevy Silverado 3500HD insurance in Plano

Really, the only way to quote cheaper Chevy Silverado 3500HD insurance in Plano is to make a habit of regularly comparing prices from insurance carriers who sell insurance in Texas. Rates can be compared by following these steps.

  1. Learn about how your policy works and the measures you can control to drop your rates. Many rating criteria that drive up the price such as traffic violations, accidents, and poor credit history can be amended by being financially responsible and driving safely. This article gives more ideas to prevent high rates and get discounts that may be overlooked.
  2. Compare rates from exclusive agents, independent agents, and direct providers. Exclusive agents and direct companies can only give rate quotes from a single company like GEICO and State Farm, while agents who are independent can quote prices from multiple companies.
  3. Compare the new rate quotes to the price on your current policy and see if there is a cheaper rate. If you find a lower rate and make a switch, verify that coverage does not lapse between policies.
  4. Tell your current company of your intent to cancel your current coverage and submit any necessary down payment along with the completed application for the new policy. As soon as you can, put the certificate verifying proof of insurance somewhere easily accessible.

One thing to point out is to compare similar limits and deductibles on every quote and and to get prices from as many different companies as possible. This enables a fair price comparison and a thorough selection of prices.

Multiple auto insurance companies compete for your hard-earned dollar, and because of this it can be hard to compare auto insurance companies to discover the definitive lowest rate on Chevy Silverado 3500HD insurance in Plano.

If you have a policy now or want to find a cheaper company, use these cost-cutting techniques to find better prices and possibly find even better coverage. Choosing the best rates in Plano can be made easier if you know where to look. Shoppers just need to use the most efficient way to compare insurance rates from multiple carriers.

The companies shown below offer free quotes in Plano, TX. If you want cheap car insurance in Plano, it's a good idea that you visit several of them in order to get a fair rate comparison.

Do you qualify for discounts?

Car insurance companies don't always publicize every available discount in a way that's easy to find, so the below list has both well-publicized and the more hidden credits available to lower your premiums when you buy Plano auto insurance online.Save money with discounts

  • ABS and Traction Control Discounts - Anti-lock brake equipped vehicles prevent accidents so companies give up to a 10% discount.
  • Student Discount for Driver Training - Require your teen driver to take driver's ed class if it's offered in school.
  • Safety Course Discount - Completing a course teaching safe driver skills could possibly earn you a 5% discount if you qualify.
  • Plano Homeowners Discount - Just owning your own home can get you a discount due to the fact that maintaining a home is proof of financial responsibility.
  • Pay Upfront and Save - By making one initial payment instead of making monthly payments you could save 5% or more.

One last thing about discounts, most discounts do not apply to all coverage premiums. A few only apply to individual premiums such as collision or personal injury protection. So even though it sounds like all those discounts means the company will pay you, it's just not the way it works.

The chart below illustrates the comparison of Chevy Silverado 3500HD auto insurance costs with and without discounts applied to the premium. The premiums assume a female driver, no claims, a clean driving record, Texas state minimum liability limits, full coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, multi-policy, claim-free, multi-car, marriage, and homeowner discounts applied.

A few popular companies and a partial list of their discounts are included below.

  • State Farm may have discounts that include multiple policy, driver's education, anti-theft, Steer Clear safe driver discount, multiple autos, student away at school, and safe vehicle.
  • GEICO may include discounts for anti-theft, emergency military deployment, multi-policy, five-year accident-free, driver training, military active duty, and federal employee.
  • Progressive may offer discounts for homeowner, online signing, online quote discount, continuous coverage, good student, and multi-vehicle.
  • 21st Century includes discounts for good student, homeowners, theft prevention, teen driver, driver training, and student driver.
  • American Family offers premium reductions for TimeAway discount, air bags, good student, bundled insurance, and good driver.
  • The Hartford has discounts for air bag, bundle, anti-theft, defensive driver, driver training, and vehicle fuel type.
  • AAA discounts include good driver, anti-theft, good student, multi-policy, and education and occupation.

Before you buy a policy, ask each company which discounts can lower your rates. Discounts might not be available to policyholders everywhere. To see insurers who offer discounts in Texas, click here.

Analysis of coverages

The coverage table shown below outlines estimates of coverage costs for Chevy Silverado 3500HD models. Learning a little about how car insurance premiums are determined is important for making decisions when shopping around.

Chevrolet Silverado 3500HD Insurance Rates in Plano, TX
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Silverado 3500HD LT Crew Cab 4WD $196 $436 $538 $32 $162 $1,364 $114
Silverado 3500HD LT Extended Cab 4WD $196 $436 $538 $32 $162 $1,364 $114
Silverado 3500HD LT Crew Cab 2WD $196 $378 $430 $26 $128 $1,158 $97
Silverado 3500HD LTZ Crew Cab 2WD $216 $378 $430 $26 $128 $1,178 $98
Silverado 3500HD LT Crew Cab Diesel 2WD $216 $436 $430 $26 $128 $1,236 $103
Silverado 3500HD LTZ Crew Cab Diesel 2WD $216 $436 $430 $26 $128 $1,236 $103
Get Your Own Custom Quote Go

Price data assumes single male driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Texas minimum liability limits. Discounts applied include multi-policy, homeowner, multi-vehicle, safe-driver, and claim-free. Premium costs do not factor in specific Plano garaging location which can change coverage prices greatly.

Rate comparison for different deductibles

When comparing insurance rates, the most common question is what deductibles to buy. The following tables outline the cost difference between low and high deductibles. The first price estimate table uses a $100 deductible and the second price chart uses a $500 deductible.

Chevrolet Silverado 3500HD insurance policy rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Silverado 3500HD LT Crew Cab 4WD $412 $804 $476 $28 $142 $1,887 $157
Silverado 3500HD LT Extended Cab 4WD $412 $804 $476 $28 $142 $1,887 $157
Silverado 3500HD LT Crew Cab 2WD $412 $698 $382 $22 $114 $1,653 $138
Silverado 3500HD LTZ Crew Cab 2WD $454 $698 $382 $22 $114 $1,695 $141
Silverado 3500HD LT Crew Cab Diesel 2WD $454 $804 $382 $22 $114 $1,801 $150
Silverado 3500HD LTZ Crew Cab Diesel 2WD $454 $804 $382 $22 $114 $1,801 $150
Get Your Own Custom Quote Go
Chevrolet Silverado 3500HD insurance policy rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Silverado 3500HD LT Crew Cab 4WD $300 $542 $476 $28 $142 $1,488 $124
Silverado 3500HD LT Extended Cab 4WD $300 $542 $476 $28 $142 $1,488 $124
Silverado 3500HD LT Crew Cab 2WD $300 $472 $382 $22 $114 $1,290 $108
Silverado 3500HD LTZ Crew Cab 2WD $332 $472 $382 $22 $114 $1,322 $110
Silverado 3500HD LT Crew Cab Diesel 2WD $332 $542 $382 $22 $114 $1,392 $116
Silverado 3500HD LTZ Crew Cab Diesel 2WD $332 $542 $382 $22 $114 $1,392 $116
Get Your Own Custom Quote Go

Above prices assume married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include safe-driver, claim-free, multi-vehicle, homeowner, and multi-policy. Price estimates do not factor in specific garaging location which can modify prices greatly.

Using the data above, we can ascertain that using a $100 deductible costs approximately $33 more each month or $396 every year than opting for the higher $500 deductible. Because you would pay $400 more to settle a claim with a $500 deductible as compared to a $100 deductible, if you have more than 12 months between claim filings, you would probably save some money if you decide on a higher deductible.

Difference between full coverage and liability only rates

The chart below illustrates the difference between Chevy Silverado 3500HD car insurance costs with full physical damage coverage compared to only buying liability only. The prices are based on no accidents or driving violations, $500 deductibles, drivers are single, and no additional discounts are factored in.

Should you pay for full coverage?

There is no set guideline for phasing out physical damage insurance, but there is a guideline you can use. If the annual cost of comprehensive and collision coverage is more than about 10% of any settlement you would receive from your insurance company, the it may be a good time to stop paying for full coverage.

For example, let's say your Chevy Silverado 3500HD claim settlement value is $9,000 and you have $1,000 deductibles. If your vehicle is destroyed, you would only receive $8,000 after you pay the deductible. If you are paying more than $800 a year for comprehensive and collision coverage, then it could be time to drop full coverage.

There are some scenarios where buying only liability insurance is not a good idea. If you still have a loan on your vehicle, you have to carry full coverage to protect the lienholder's interest. Also, if you can't afford to buy a different vehicle in case of an accident, you should keep full coverage on your policy.

Best auto insurance in Plano

Picking the best car insurance company can be challenging considering how many different insurance companies sell coverage in Plano. The information in the lists below can help you select which insurers you want to consider when comparing rate quotes.

Top 10 Plano Car Insurance Companies Ranked by Value

  1. Mercury Insurance
  2. Travelers
  3. American Family
  4. AAA Insurance
  5. Safeco Insurance
  6. Progressive
  7. The Hartford
  8. The General
  9. 21st Century
  10. Esurance

Top 10 Plano Car Insurance Companies Ranked by Claims Service

  1. Travelers
  2. Nationwide
  3. Allstate
  4. State Farm
  5. Liberty Mutual
  6. GEICO
  7. American Family
  8. Esurance
  9. Titan Insurance
  10. AAA Insurance

What Affects Chevy Silverado 3500HD Insurance Prices?

Multiple criteria are part of the equation when you quote your car insurance policy. Some are obvious such as your driving history, although some other factors are not as apparent like your continuous coverage and annual miles driven. Part of the car insurance buying process is learning some of the elements that play a part in calculating your car insurance rates. When you know what positively or negatively determines premiums, this allows you to make good choices that may reward you with cheaper rates.

The following are some of the most common factors car insurance companies consider when setting your rate level.

  • Older drivers pay less - More mature drivers are more cautious drivers, cost insurance companies less in claims, and tend to be get fewer driving tickets. Inexperience drivers have been known to be less responsible when behind the wheel so they pay higher car insurance rates.

    The chart below assumes a single driver, full coverage with $1000 deductibles, and no discounts or violations.

  • High physical damage deductibles save money - Protection for physical damage, commonly called comprehensive (or other-than-collision) and collision coverage, insures against damage to your Chevy. A few examples of covered claims are colliding with a building, hitting a deer, and having your car stolen. The deductibles you choose represent how much money you are required to spend before your car insurance pays a claim. The more you have to pay, the less your car insurance will be.
  • Women pay lower rates - Over the last 50 years, statistics have shown that women are safer drivers than men. It does not mean males are worse at driving than females. Males and females are in accidents at about the same rate, but males get into accidents with more damage. In addition to higher claims, males also get ticketed for serious violations like driving under the influence (DUI).

    The chart below compares Chevy Silverado 3500HD annual premium costs for male and female drivers. The rate quotes are based on a clean driving record, no at-fault accidents, full physical damage coverage, $500 deductibles, single status, and no discounts are applied to the premium.

  • Drive fewer miles and save - The higher the miles on your Chevy in a year the more you will pay for car insurance. The majority of insurers price each vehicle's coverage based on how the vehicle is used. Cars and trucks that sit idle most of the time can be on a lower rate level compared to those used for work or business. Make sure your car insurance policy is rated on annual mileage, because it can save money. Having the wrong rating on your Silverado 3500HD may be costing you.
  • Vehicles with better crash test results means cheaper rates - Vehicles that have high safety ratings tend to have better insurance rates. Safe vehicles reduce injuries and better occupant protection translates into fewer and smaller insurance claims and lower rates for you.