Best Ways to Save on Portland Chevy Silverado 2500HD Insurance

It’s a fact that car insurance companies don’t want customers comparing rates. Consumers who compare rates at least once a year are highly likely to switch insurance companies because there are good odds of finding a lower-priced company. Surprisingly, a recent survey revealed that drivers who shopped around annually saved $865 annually compared to those who never shopped around for better prices.

If finding the best price on car insurance is the reason you’re here, then learning about how to find and compare coverage rates can make it simple to find affordable coverage.

If you want to find the absolute lowest rates, then the best way to find cheaper prices for car insurance rates in Portland is to do an annual price comparison from providers who provide car insurance in Oregon.

First, read and learn about how insurance works and the measures you can take to prevent rate increases. Many risk factors that are responsible for high rates such as traffic violations, accidents, and a bad credit score can be amended by making minor changes to your lifestyle. This article provides additional ideas to prevent high rates and earn larger discounts.

Second, request rate estimates from exclusive agents, independent agents, and direct providers. Exclusive agents and direct companies can only provide price estimates from one company like Progressive and State Farm, while agents who are independent can provide rate quotes for a wide range of insurance providers.

Third, compare the new quotes to your current policy premium and see if you can save money. If you can save some money, make sure there is no lapse in coverage.

Fourth, notify your current company of your intention to cancel the current policy. Submit a signed application and payment to your new insurance company. Be sure to store the certificate verifying coverage along with your vehicle registration.

One important bit of advice is to compare similar deductibles and liability limits on each quote request and and to get quotes from as many car insurance companies as possible. Doing this helps ensure a level playing field and the best price selection.

If you are already insured or are looking for a new policy, you can follow these tips to get lower rates and still have adequate protection. The purpose of this article is to tell you how car insurance works and how to save the most money. Smart buyers only have to learn the proper way to shop over the internet.

Get cheaper Chevy Silverado 2500HD insurance rates in Portland

Companies that sell car insurance don’t always advertise every discount very well, so below is a list a few of the more common as well as the least known credits available to bring down your rates.

• Theft Prevention Discount – Anti-theft and alarm system equipped vehicles prevent vehicle theft and therefore earn up to a 10% discount.
• Defensive Driver – Passing a safe driver course could possibly earn you a 5% discount if you qualify.
• Policy Bundle Discount – When you have multiple policies with one company you could save up to 20% off your total Silverado 2500HD insurance premium.
• Employee of Federal Government – Active or retired federal employment could cut as much as 10% off but check with your company.
• New Vehicle Savings – Buying a new car instead of a used Silverado 2500HD may earn a small discount since new model year vehicles have better safety ratings.
• Save with More Vehicles Insured – Drivers who insure multiple cars with one company qualifies for this discount.
• Online Discount – Many larger companies provide a small discount for completing your application on their website.

Please keep in mind that most credits do not apply to the entire cost. The majority will only reduce specific coverage prices like collision or personal injury protection. Just because it seems like it’s possible to get free car insurance, nobody gets a free ride.

The example below visualizes the comparison of Chevy Silverado 2500HD premium costs with and without discounts applied to the policy rates. The data is based on a female driver, no accidents, no driving violations, Oregon state minimum liability limits, comp and collision included, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, multi-car, marriage, safe-driver, claim-free, and multi-policy discounts applied.

Popular auto insurance companies and the discounts they provide can be read below.

• 21st Century may offer discounts for driver training, theft prevention, 55 and older, defensive driver, early bird, and automatic seat belts.
• State Farm discounts include defensive driving training, safe vehicle, Steer Clear safe driver discount, multiple policy, and good driver.
• AAA includes discounts for AAA membership discount, good student, pay-in-full, education and occupation, multi-car, and multi-policy.
• Liberty Mutual has savings for multi-policy, hybrid vehicle, newly married, preferred payment discount, new move discount, and newly retired.
• Progressive may have discounts that include good student, continuous coverage, multi-vehicle, homeowner, multi-policy, and online quote discount.

It’s a good idea to ask every insurance company which discounts can lower your rates. Some of the discounts discussed earlier may not apply to policies in Portland. To find auto insurance companies that offer the discounts shown above in Oregon, follow this link.

How much does Chevy Silverado 2500HD insurance in Portland, OR cost?

Reducing your Chevy Silverado 2500HD insurance rates is a fairly straight forward process. The only requirement is to spend a little time comparing rates to discover which company has the cheapest Chevrolet Silverado 2500HD rate quotes.

The companies shown below offer price comparisons in Portland, OR. If your goal is to find cheap auto insurance in OR, we recommend you visit as many as you can to get the best price comparison.

Rates and data analysis

The data table displayed next covers detailed analysis of insurance rates for Chevy Silverado 2500HD models. Learning as much as possible about how insurance quotes are calculated can be useful when making informed coverage decisions.

Above prices assume single male driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Oregon minimum liability limits. Discounts applied include claim-free, safe-driver, homeowner, multi-vehicle, and multi-policy. Price information does not factor in specific garaging location which can impact premium rates greatly.

Deductible analysis

One of the most common auto insurance questions is how high should the physical damage coverage deductibles be. The rates below can help you understand the differences in premium rates of buying low and high physical damage deductibles. The first set of rates uses a $250 deductible for comp and collision and the second data table uses a $1,000 deductible.

Data rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, and Oregon minimum liability limits. Discounts applied include homeowner, multi-policy, safe-driver, multi-vehicle, and claim-free. Estimates do not factor in specific zip code location which can change auto insurance rates significantly.

We can derive from the above data that using a $250 deductible costs roughly $28 more each month or $336 every year averaged for all Silverado 2500HD models than requesting the higher $1,000 deductible. Because you would pay $750 more to settle a claim with a $1,000 deductible as compared to a $250 deductible, if you tend to go at a minimum 27 months between claims, you would save money if you opt for a higher deductible. The illustration below shows the way you can make your own decision.

One important caveat is that raising deductibles to save money means you will have to cover more of the damage yourself when you do file a claim. You must have some extra savings in order to pay more for the deductible.

Does it make sense to buy full coverage?

The example below illustrates the comparison of Chevy Silverado 2500HD insurance costs with full physical damage coverage and with liability coverage only. Data assumes no driving violations, no at-fault accidents, $250 deductibles, drivers are single, and no discounts are factored in.

When to drop comp and collision

There is no specific rule for excluding physical damage insurance, but there is a general convention. If the annual cost of comprehensive and collision coverage is more than around 10% of the replacement cost minus the deductible, then you might want to think about dropping full coverage.

For example, let’s say your Chevy Silverado 2500HD settlement value is $5,000 and you have $1,000 policy deductibles. If your vehicle is severely damaged, you would only receive $4,000 after you pay the deductible. If you are paying in excess of $400 annually for comprehensive and collision coverage, then it might be time to consider dropping full coverage.

There are some cases where eliminating full coverage is not in your best interest. If you still have a loan on your vehicle, you are required to maintain full coverage as part of the loan conditions. Also, if your emergency fund is not enough to purchase a different vehicle in case of an accident, you should not remove full coverage.

Eight factors that impact insurance costs

Consumers need to have an understanding of the rating factors that are used to determine your insurance rates. If you have a feel for what determines premiums, this empowers consumers to make smart changes that can help you get much lower annual insurance costs. Lots of factors are used in the calculation when quoting car insurance. Some are pretty understandable like a motor vehicle report, but other criteria are not as apparent such as your credit history or how safe your car is.

The items below are most of the major factors used by companies to determine your rates.

• Which gender costs less? – Over time, data shows that females take fewer risks when driving. The data does not necessarily mean that men are WORSE drivers than women. Women and men are in at-fault accidents at about the same rate, but the males tend to have more serious accidents. In addition to higher claims, males also get more serious tickets such as reckless driving.

  The example below shows the comparison of Chevy Silverado 2500HD insurance rates for male and female drivers. The data assumes no claims, a clean driving record, full physical damage coverage, $100 deductibles, drivers are single, and no policy discounts are applied.

• Rates can drop if you have more than one policy – Most major insurance companies will give better rates to clients who consolidate policies with them in the form of a multi-policy discount. The discount can add up to ten or even fifteen percent. Even with this discount, it’s in your best interest to check prices from other companies to confirm you are receiving the best rates possible.
• Credit score impact insurance costs – Having a bad credit history is a large factor in your rate calculation. People with very high credit ratings tend to be better drivers and file fewer claims than drivers with lower credit scores. If your credit is low, you could pay less to insure your Chevrolet Silverado 2500HD by spending a little time repairing your credit.
• Save money with alarms and GPS tracking – Buying a car that has a built-in theft deterrent system can help lower your premiums. Anti-theft devices like tamper alarm systems, vehicle immobilizer technology and General Motors OnStar can help prevent your vehicle from being stolen.
• Avoid coverage lapses – Not maintaining insurance is a big no-no and insurance companies will penalize you for letting your insurance coverage expire. Not only will rates go up, the inability to provide proof of insurance could earn you fines or a revoked license.

• Teenagers vs. older drivers – Beginning drivers in Oregon are proven to be easily distracted when driving so insurance rates are higher. More experienced drivers are more responsible, tend to file fewer claims, and get fewer tickets.

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

• Performance impacts prices – The performance of the car you are trying to find cheaper insurance for makes a huge difference in determining your rates. The lowest base rates are usually found on small economy passenger cars, but the final cost of insurance is determined by many other factors.

  The following chart is based on a single female driver age 50, full coverage with $1000 deductibles, and no discounts or violations. It illustrates Chevrolet Silverado 2500HD policy rates compared to other models that have different performance rating factors.

• Safeguard your assets with liability insurance – The liability coverage on your policy is the protection when a jury decides you are liable for causing damage or personal injury in an accident. Liability insurance provides legal defense starting from day one. Liability is cheap as compared to coverage for physical damage, so drivers should buy more than the minimum limits required by law.

Are car insurance agents a thing of the past?

Some people would rather go talk to an agent and often times that is recommended Most agents are trained risk managers and help in the event of a claim. An additional benefit of getting online price quotes is the fact that you can find the lowest rates and also buy local.

To make it easy to find an agent, after completing this short form, your insurance coverage information is instantly submitted to participating agents in Portland who will give you quotes and help you find cheaper coverage. There is no reason to leave your computer because prices are sent directly to your email. In the event you want to compare prices from a particular provider, feel free to search and find their rate quote page and fill out the quote form the provide.

Picking the best insurer should include more criteria than just the quoted price. Get answers to these questions too.

• Do they reduce claim amounts on high mileage vehicles?
• Are there any discounts that you might be missing?
• Do they make recommendations based only on price?
• If your car is totaled, how to they determine the replacement cost?
• Is there a local claims center in Portland?

Auto insurance just makes sense

Despite the potentially high cost of Chevy Silverado 2500HD insurance, maintaining insurance is not optional due to several reasons.

• Almost all states have compulsory liability insurance requirements which means state laws require a minimum amount of liability coverage in order to get the vehicle licensed. In Oregon these limits are 25/50/20 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $20,000 of property damage coverage.
• If you have a lien on your Chevy, it’s most likely the lender will require you to carry insurance to guarantee payment of the loan. If coverage lapses or is canceled, the bank or lender will purchase a policy for your Chevy at a more expensive rate and require you to reimburse them for the expensive policy.
• Auto insurance protects your car and your assets. It will also provide coverage for medical expenses for both you and anyone you injure as the result of an accident. Liability insurance also pays for attorney fees and expenses in the event you are sued. If damage is caused by hail or an accident, collision and comprehensive coverages will cover the damage repairs after a deductible is paid.

The benefits of insuring your Silverado 2500HD definitely exceed the cost, especially if you ever need it. The average driver in America is overpaying more than $750 every year so it’s important to compare rates every year to ensure rates are competitive.

Don’t give up on affordable premiums

When trying to cut insurance costs, it’s very important that you do not reduce needed coverages to save money. In many instances, someone dropped collision coverage only to regret that it was a big mistake. The goal is to buy a smart amount of coverage at the best price, but don’t skip important coverages to save money.

Throughout this article, we presented a lot of information how to compare Chevy Silverado 2500HD insurance car insurance rates in Portland. The most important thing to understand is the more quotes you get, the more likely it is that you will get a better rate. You may even be surprised to find that the best car insurance rates are with a small local company.

Budget-friendly insurance in Portland is available from both online companies and from local insurance agents, and you should compare rates from both to have the best selection. There are still a few companies who may not offer online price quotes and these small insurance companies work with local independent agencies.

Additional learning opportunities

• What is Full Coverage? (Allstate)
• Who Has the Cheapest Portland Auto Insurance Rates for Electric Cars? (FAQ)
• Who Has Cheap Auto Insurance Rates for Nurses in Portland? (FAQ)
• Who Has the Cheapest Portland Auto Insurance Quotes for Good Students? (FAQ)
• How Much is Auto Insurance for Immigrants in Portland? (FAQ)
• What Insurance is Cheapest for 16 Year Olds in Portland? (FAQ)
• New Honda safety features benefit drivers of all ages (Insurance Institute for Highway Safety)
• What is a Telematics Device? (Allstate)
• How Much Auto Coverage do I Need? (Insurance Information Institute)