Cheap Quotes for Chevy Silverado 3500HD Insurance in Cincinnati

The recommended way to find better pricing on car insurance rates in Cincinnati is to do a yearly price comparison from different companies in Ohio.

• Step 1: Spend some time learning about what coverages are included in your policy and the measures you can take to keep rates in check. Many rating factors that increase rates such as high-risk driving behaviors and poor credit can be improved by making lifestyle changes or driving safer. Continue reading for more details to find cheap prices and find overlooked discounts.
• Step 2: Obtain price quotes from direct, independent, and exclusive agents. Direct and exclusive agents can provide rates from one company like Progressive and State Farm, while agents who are independent can provide prices from multiple sources. Compare rates
• Step 3: Compare the new rates to your existing policy to determine if you can save on Silverado 3500HD insurance. If you find a lower rate quote and decide to switch, make sure the effective date of the new policy is the same as the expiration date of the old one.
• Step 4: Provide proper notification to your current company of your intention to cancel your existing policy and submit a signed application and payment to your new agent or company. Once received, keep the new proof of insurance certificate somewhere easily accessible.

An important bit of advice to remember is to try to compare identical deductibles and limits on every quote request and and to get rates from as many carriers as you can. This guarantees a level playing field and many rates to choose from.

It’s shocking but most car insurance buyers in Ohio kept buying from the same company for four years or more, and nearly the majority have never even compared quotes to find cheap rates. Consumers in the United States could cut their rates by about 46.5% a year just by comparing rates, but they don’t want to take the time to find cheap rates by getting comparison quotes.

The car insurance companies shown below provide comparison quotes in Ohio. If you wish to find the best car insurance in Cincinnati, it’s highly recommended you visit two to three different companies to get the best price comparison.

Save money on Chevy Silverado 3500HD insurance in Cincinnati with these seven car insurance discounts

Car insurance is not cheap nor is it fun to buy but there are discounts available that many consumers don’t even know exist. Larger premium reductions will be automatically applied when you quote, but once in a while a discount must be inquired about prior to getting the savings.

• First Accident Forgiveness – Not necessarily a discount, but companies like Liberty Mutual, GEICO and Allstate will turn a blind eye to one accident before they charge you more for coverage so long as you haven’t had any claims prior to the accident.
• Military Deployment Discount – Having a family member in the military could qualify you for better rates.
• Clubs and Organizations – Participating in a qualifying organization could earn you a nice discount when shopping for car insurance.
• No Claims – Claim-free drivers can save substantially when compared to accident-prone drivers.
• Low Mileage Discounts – Fewer annual miles on your Chevy may allow you to get better rates on cars that stay parked.
• Distant Student Discount – Any of your kids who are attending college and do not have a car can receive lower rates.
• Employee of Federal Government – Having worked for a branch of the government may reduce rates when you quote Cincinnati auto insurance with select insurance companies.

While discounts sound great, it’s important to understand that most credits do not apply to the entire cost. Most only apply to the cost of specific coverages such as physical damage coverage or medical payments. Just because you may think all those discounts means the company will pay you, it just doesn’t work that way.

The example below visualizes the comparison of Chevy Silverado 3500HD insurance premiums with and without some available policy discounts. The rates are based on a female driver, no claims, a clean driving record, Ohio 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 homeowner, claim-free, safe-driver, multi-car, marriage, and multi-policy discounts applied.

To see a list of companies that offer multiple discounts in Cincinnati, click this link.

Chevy Silverado 3500HD insurance coverage information

The table displayed below outlines a range of insurance premium costs for Chevy Silverado 3500HD models. Understanding more about how insurance prices are determined can aid in making smart choices when purchasing an insurance policy.

Premium data assumes married female driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Ohio minimum liability limits. Discounts applied include safe-driver, multi-vehicle, multi-policy, claim-free, and homeowner. Rate information does not factor in specific zip code location which can decrease or increase insurance rates substantially.

Deductible comparison

The hardest decision when buying coverage is the level to set your comp and collision deductibles. The tables below illustrate the costs and benefits when you choose different physical damage coverage deductibles. The first pricing table uses a $250 deductible and the second price grid uses a $500 deductible.

Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, and Ohio minimum liability limits. Discounts applied include claim-free, multi-policy, homeowner, multi-vehicle, and safe-driver. Estimates do not factor in specific Cincinnati garaging location which can increase or decrease insurance rates noticeably.

We can derive from the above data that using a $250 deductible will cost in the ballpark of $12 more each month or $144 annually than buying the higher $500 deductible. Because you would pay $250 more out-of-pocket with a $500 deductible as compared to a $250 deductible, if you tend to have at least 21 months between claim filings, you would probably save some money if you elect the higher deductible. The table below illustrates how this decision is made.

One important issue to know is that raising deductibles means you will have to pay more of your own money at claim time. That will require some non-essential savings in order to pay more for the deductible.

Should you buy full coverage?

The chart below illustrates the comparison of Chevy Silverado 3500HD car insurance rates with full coverage and liability only. The data is based on no violations or claims, $100 deductibles, marital status is single, and no policy discounts are applied.

When to stop paying for full coverage

There is no exact formula of when to phase out physical damage coverage on your policy, but there is a general school of thought. If the yearly cost of full coverage is more than about 10% of the vehicle’s replacement cost less your deductible, then it’s probably a good time to buy liability coverage only.

For example, let’s assume your Chevy Silverado 3500HD settlement value is $6,000 and you have $1,000 physical damage deductibles. If your vehicle is damaged in an accident, the most you would get paid by your company is $5,000 after paying the physical damage deductible. If premium cost is more than $500 a year for comprehensive and collision coverage, then you might want to consider buying only liability coverage.

There are some situations where only buying liability is not recommended. If you haven’t paid off your loan, you are required to maintain full coverage as part of the loan requirements. Also, if you can’t afford to buy a different vehicle if your current one is damaged, you should keep full coverage on your policy.