Auto Insurance Rates for a Chevy Silverado 2500HD in Las Vegas

Do you want lower-priced Chevy Silverado 2500HD insurance in Las Vegas? Are you irritated from not being able to scrape enough together to pay high auto insurance rates every month? You’re in the same situation as millions of other drivers.

Everyone knows that insurance companies don’t want you quoting rates from other companies. Consumers who shop around for cheaper prices will presumably switch companies because they have a good chance of finding lower prices. A recent auto insurance study discovered that consumers who compared rates once a year saved as much as $3,400 over four years compared to those who never shopped around for cheaper prices.

If finding the best rates on auto insurance in Las Vegas is your objective, knowing how to get price quotes and compare cheaper coverage can save time and make the process easier.

You have so many insurers to buy insurance from, and though it is a good thing to have a selection, it can be more difficult to compare rates and find the lowest cost auto insurance.

You should make it a habit to take a look at other company’s rates at least once a year because auto insurance prices fluctuate regularly. Even if you think you had the best rates on Chevy Silverado 2500HD insurance in Las Vegas a few years ago there may be better deals available now. Forget all the misinformation about auto insurance because you’re about to learn the quickest way to buy cheaper Chevy Silverado 2500HD insurance in Las Vegas.

Insurance Price Influencing Factors

Lots of things are part of the equation when premium rates are determined. Most are fairly basic like an MVR report, but others are not as apparent like where you live or how financially stable you are.

The factors shown below are some of the items companies use to determine your rate level.

Infrequent drivers can save – The more you drive your Chevy each year the higher the price you pay to insure it. Many insurance companies rate vehicles based on how the vehicle is used. Autos not used for work or commuting can get a lower rate as compared to vehicles used primarily for driving to work. Verify your insurance coverage is rated on the correct usage for each vehicle, because it can save money. An improperly rated Silverado 2500HD may be wasting your money.

Higher comp and collision deductibles save money – Physical damage insurance, also known as collision and other-than-collision, covers damage that occurs to your Chevy. Some examples of covered claims would be a broken side mirror, hail damage, and rolling your vehicle. Comp and collision deductibles define the amount you are willing to pay out-of-pocket if a covered claim is submitted. The more of the claim you have to pay, the less your company will charge you for insurance.

Battle of the sexes – Over time, data shows females are less aggressive when driving. Now that doesn’t mean females are better drivers. Women and men cause fender benders at a similar rate, but the male of the species have accidents that have higher claims. In addition to higher claims, males also get higher numbers of serious violations such as driving while intoxicated (DWI) or driving recklessly.

The information below shows the difference between Chevy Silverado 2500HD car insurance costs for male and female drivers. The rates are based on a clean driving record, no claims, full coverage, $1,000 deductibles, single marital status, and no discounts are factored in.

Car insurance liability limits – Liability insurance will afford coverage in the event that you are responsible for personal injury or accident damage. This coverage provides for a legal defense to defend your case. Liability is cheap when compared to the cost of physical damage coverage, so do not cut corners here.

Getting married can lower premiums – Having a significant other may earn you lower rates compared to being single. Having a spouse is viewed as being less irresponsible and insurance companies like that married drivers tend to file fewer claims.

When quoting insurance, remember that having more price comparisons gives you a better chance of getting the best price.

The companies in the list below offer free rate quotes in Las Vegas, NV. To buy cheap car insurance in Las Vegas, NV, we recommend you visit several of them to get the best price comparison.

Insurance rate breakdown

The information shown below showcases different policy rates for Chevy Silverado 2500HD models. Having knowledge of how insurance policy rates are figured can help drivers make decisions when shopping your coverage around.

Data assumes married male driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Nevada minimum liability limits. Discounts applied include safe-driver, multi-vehicle, multi-policy, homeowner, and claim-free. Rates do not factor in specific location which can decrease or increase price quotes substantially.

Physical damage deductibles

When comparing auto insurance rates, the most common question is how high or low should comp and collision deductibles be. The tables below highlight the differences in price when you select higher and lower physical damage deductibles. The first rate estimation uses a $250 deductible for comprehensive and collision coverage and the second price chart uses a $1,000 deductible.

Prices based on married male driver age 30, no speeding tickets, no at-fault accidents, and Nevada minimum liability limits. Discounts applied include multi-policy, safe-driver, homeowner, multi-vehicle, and claim-free. Price information does not factor in your specific Las Vegas location which can increase or decrease rates noticeably.

Based on the above data, using a $250 deductible costs an average of $28 more each month or $336 each year averaged for all Silverado 2500HD models than selecting the higher $1,000 deductible. Since the policyholder would be required to pay $750 more to settle a claim with a $1,000 deductible as compared to a $250 deductible, if you normally go at a minimum 27 months between claim filings, you would most likely save money going with the higher deductible.

How accidents and violations affect rates

The illustration below shows how violations and at-fault claims influence Chevy Silverado 2500HD car insurance costs for different age categories. The data is based on a single male driver, full coverage, $100 deductibles, and no discounts are taken into consideration.

Difference between full coverage and liability only rates

The example below illustrates the difference between Chevy Silverado 2500HD insurance costs with and without full coverage. The data assumes a clean driving record, no at-fault accidents, $1,000 deductibles, drivers are not married, and no discounts are taken into consideration.

Should you be buying full coverage?

There is no definitive formula to eliminate physical damage coverage on your policy, but there is a general school of thought. If the annual cost of coverage is more than about 10% of the replacement cost of your vehicle minus the policy deductible, then you may want to consider only buying liability coverage.

For example, let’s assume your Chevy Silverado 2500HD replacement cost is $9,000 and you have $1,000 physical damage deductibles. If your vehicle is destroyed, the most you would receive is $8,000 after paying the physical damage deductible. If you are currently 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 eliminating full coverage is not a good idea. If you still have a loan on your vehicle, you have to keep full coverage to protect the lienholder’s interest in the vehicle. Also, if you cannot afford to purchase a different vehicle in the event your current vehicle is totaled, you should not opt for liability only.

Three main reasons to buy auto insurance

Even though it can be expensive, paying for auto insurance serves several important purposes.

• Almost all states have minimum liability requirements which means state laws require a specific level of liability protection in order to be legal. In Nevada these limits are 15/30/10 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
• If your Chevy Silverado 2500HD has a lienholder, almost all lenders will require you to have full coverage to ensure loan repayment if the vehicle is totaled. If coverage lapses or is canceled, the lender may insure your Chevy at a much higher rate and require you to reimburse them for the much more expensive policy.
• Insurance protects not only your vehicle but also your assets. Insurance will also pay for medical expenses that are the result of an accident. As part of your policy, liability insurance will also pay attorney fees if anyone sues you for causing an accident. If you have damage to your Chevy as the result of the weather or an accident, collision and comprehensive (also known as other-than-collision) coverage will pay to have it repaired.

The benefits of carrying enough insurance greatly outweigh the cost, especially when you need to use it. But the average driver in Nevada overpays more than $855 a year so it’s recommended you shop around once a year at a minimum to save money.

Affordable rates by earning discounts

Insurance can cost an arm and a leg, but there could be significant discounts that could drop your premiums quite a bit. Many of these discounts will be applied automatically when you complete an application, but some must be specially asked for before being credited.

• Lower Rates for Military – Having an actively deployed family member could be rewarded with lower auto insurance rates.
• Defensive Driving Course – Participating in a defensive driver course may get you a small discount and make you a better driver.
• Clubs and Organizations – Being a member of specific professional or occupational memberships or organizations is a simple method to lower premiums when getting a Las Vegas car insurance quote.
• Save over 55 – Drivers that qualify as senior citizens are able to get reduced rates.
• ABS Brakes – Cars with ABS braking systems or traction control are much safer to drive so you can save 10 percent or more.
• Data Collection Discounts – Insureds who allow data collection to track when and where they use their vehicle through the use of a telematics system like Allstate’s Drivewise could possibly reduce rates if they are good drivers.
• Multi-policy Discount – When you combine your auto and homeowners insurance with one company they may give you a discount of over 10 percent off each policy depending on the company.
• Discount for Passive Restraints – Cars that have air bags or motorized seat belts may qualify for discounts of 20 to 30 percent.
• Save with a New Car – Insuring a vehicle that is new can cost up to 25% less due to better safety requirements for newer vehicles.
• First Accident Forgiveness – Not really a discount, but certain companies allow you one accident without the usual rate increase if you have no claims for a set time period.

You can save money using discounts, but most discounts do not apply to the overall cost of the policy. Some only apply to specific coverage prices like comp or med pay. So when the math indicates all the discounts add up to a free policy, it doesn’t quite work that way.

The illustration below shows the comparison of Chevy Silverado 2500HD annual premium costs with and without discounts. Data assumes a male driver, no claims or driving citations, Nevada state minimum liability limits, comprehensive and collision coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, claim-free, homeowner, marriage, safe-driver, and multi-policy discounts applied.

If you would like to choose from a list of companies with the best Chevy Silverado 2500HD insurance discounts in Las Vegas in Nevada, click this link.

Exclusive and independent insurance agents

Some consumers prefer to sit down with an agent and doing that can be a smart decision One of the best bonuses of getting free rate quotes online is that you can find the best rates and also buy local.

To find an agent, once you fill out this simple form, your coverage information is instantly submitted to local insurance agents in Las Vegas who will gladly provide quotes to get your business. You won’t need to even leave your home since rate quotes are delivered to you. You’ll get the best rates and work with a local agent. If you wish to get a comparison quote for a specific company, you just need to search and find their rate quote page and submit a quote form there.

Finding the right company should depend on more than just a cheap price quote. A good agent in Las Vegas will have answers to these questions.

• Can you use your own choice of collision repair facility?
• Do they receive special compensation for putting your coverage with one company over another?
• What is the financial rating for the quoted company?
• When do they do a full risk review?
• Is coverage determined by price?

Las Vegas auto insurance agents are either independent or exclusive

When looking for a reliable insurance agent, it’s helpful to know the types of agencies and how they differ in how they quote coverages. Insurance agencies in Las Vegas can be described as either exclusive agents or independent agents.

Exclusive Insurance Agencies

These type of agents can usually just insure with one company and examples are American Family, State Farm, and Allstate. Exclusive agents are unable to provide prices from multiple companies so you might not find the best rates. These agents receive a lot of sales training on sales techniques which helps overcome the inability to quote other rates.

Shown below is a list of exclusive agencies in Las Vegas who may provide you with comparison quotes.

View more Las Vegas agents

Independent Insurance Agencies

Independent agencies do not have single company limitations and that allows them to write policies with a variety of different insurance companies and find the cheapest rate. If they find a lower price, they can switch companies in-house and that require little work on your part.

If you are comparing insurance prices, you will definitely want to include several independent insurance agents in order to compare the most rates.

Shown below is a short list of independent insurance agencies in Las Vegas who can help you get rate quotes.

View more Las Vegas agents

One last thing to lower rates

Cheaper insurance in Las Vegas is definitely available from both online companies as well as from independent agents in Las Vegas, and you need to price shop both so you have a total pricing picture. Some insurance companies may not have rates over the internet and these small, regional companies only sell through local independent agents.

When shopping online for insurance, do not reduce needed coverages to save money. There have been many situations where someone sacrificed comprehensive coverage or liability limits to discover at claim time that a couple dollars of savings turned into a financial nightmare. Your strategy should be to purchase plenty of coverage at the best cost while not skimping on critical coverages.

You just learned a lot of information how to lower your Chevy Silverado 2500HD insurance prices in Las Vegas. The most important thing to understand is the more providers you compare, the higher the chance of saving money. Consumers may even find the best prices are with a lesser-known regional company. Regional companies may only write in your state and offer lower rates compared to the large companies like Allstate or State Farm.

Steps to quoting cheaper Chevy Silverado 2500HD insurance in Las Vegas

If your goal is the lowest price, then the best way to find low-cost Chevy Silverado 2500HD insurance in Las Vegas is to start comparing prices regularly from providers that sell auto insurance in Nevada. Drivers can shop around by following these steps.

• First, try to learn about how companies set rates and the things you can change to keep rates down. Many rating factors that result in higher rates like traffic violations, accidents, and a substandard credit history can be amended by making minor changes to your lifestyle.
• Second, request rate estimates from direct, independent, and exclusive agents. Direct and exclusive agents can only provide price estimates from a single company like Progressive and State Farm, while independent agents can provide price quotes for a wide range of companies. Compare rates now
• Third, compare the new rates to your current policy premium to determine if switching companies saves money. If you find a lower rate quote and buy the policy, make sure coverage does not lapse between policies.
• Fourth, provide adequate notice to your current company of your intent to cancel your current policy and submit payment along with a signed and completed policy application to your new carrier. Immediately upon receiving it, keep your new proof of insurance paperwork in an accessible location in your vehicle.

The key thing to know about shopping around is to try to use similar limits and deductibles on each quote and to quote with every company you can. This enables an accurate price comparison and the best rate selection.

Additional detailed information can be found in these articles:

• Bodily Injury Coverage (Liberty Mutual)
• Who Has Affordable Las Vegas Car Insurance Rates for a Honda Civic? (FAQ)
• Who Has the Cheapest Las Vegas Auto Insurance Rates for State Employees? (FAQ)
• How Much is Las Vegas Auto Insurance for Active Military? (FAQ)
• Air Bags: Potential Dangers to Your Children (Insurance Information Institute)
• How to Avoid Staged Accidents (State Farm)