Cheapest Insurance for a Chevy Silverado 3500HD in San Antonio

Would you like to buy low-cost Chevy Silverado 3500HD insurance in San Antonio? Nobody likes paying for insurance, especially when they could find better rates elsewhere.

Everyone knows that insurance companies want to prevent you from shopping around. Consumers who compare rates once a year are inclined to switch insurance companies because the odds are good of finding a cheaper policy. A survey found that people who regularly shopped around saved over $70 a month compared to other drivers who never shopped around for cheaper prices.

If finding the cheapest price on Chevy Silverado 3500HD insurance in San Antonio is your ultimate objective, then having an understanding of how to get free comparison quotes and analyze cheaper coverage can make shopping around easier. Since consumers have many companies to choose from that have affordable insurance for a Chevy Silverado 3500HD in San Antonio, it is very difficult to find the cheapest insurance company.

How much is Chevy Silverado 3500HD insurance in San Antonio, TX?

Getting a low cost price on insurance is a fairly straight forward process. The only thing you need to do is invest a little time comparing rates to see which company has the cheapest Chevrolet Silverado 3500HD rate quotes.

Comparison shopping rates online is easy and it makes it a waste of time to spend time driving to different San Antonio agent offices. The ability to quote Chevy Silverado 3500HD insurance online reduces the need to sit down with an agent unless you’re the type of person who wants the professional advice that can only be provided by a licensed insurance agent. It is possible to obtain prices from the web but still have the advice of a local agent.

The companies in the list below are ready to provide comparison quotes in San Antonio, TX. If several companies are displayed, we suggest you visit two to three different companies in order to find the most competitive rates.

Insurance rate breakdown

The data table displayed next highlights a range of coverage costs for Chevy Silverado 3500HD models. Being able to understand how rate quotes are calculated is important for drivers to make smart choices when comparing insurance quotes.

Cost estimates assume single male driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Texas minimum liability limits. Discounts applied include multi-vehicle, homeowner, claim-free, safe-driver, and multi-policy. Rate quotes do not factor in garaging location in San Antonio which can lower or raise premiums considerably.

Physical damage deductible comparison

A question often asked by San Antonio drivers is how high should the deductibles for physical damage be. The tables below may aid in understanding the cost difference when you select higher and lower insurance deductibles. The first set of rates uses a $250 physical damage deductible and the second pricing table uses a $500 deductible.

Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include multi-vehicle, safe-driver, homeowner, claim-free, and multi-policy. Rates do not factor in the specific area where the vehicle is garaged which can impact rates greatly.

Using the data above, we can ascertain that using a $250 deductible costs about $19 more each month or $228 a year averaged for all Silverado 3500HD models than buying the higher $500 deductible. Because you would be required to pay $250 more if you file a claim with a $500 deductible as compared to a $250 deductible, if you average more than 13 months between claim filings, you would probably come out ahead if you elect the higher deductible. Below is how you can make your own decision.

One thing to note is that raising deductibles to save money means you will have to cover more of the damage yourself when you have a physical damage claim. It will be required that you have enough extra savings in the event you have to pay more for the deductible.

The illustration below shows how different deductible levels and can impact Chevy Silverado 3500HD yearly insurance costs for different insured age categories. The premiums assume a single male driver, comp and collision included, and no discounts are applied.

Auto insurance rates by gender and age

The illustration below visualizes the comparison of Chevy Silverado 3500HD auto insurance costs for male and female drivers. The rates are based on no driving violations, no at-fault accidents, comp and collision included, $250 deductibles, marital status is single, and no discounts are applied.

Liability only or full coverage

The information below shows the comparison of Chevy Silverado 3500HD car insurance rates with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The costs are based on no claims, a clean driving record, $500 deductibles, drivers are single, and no other discounts are factored in.

When to eliminate full coverage

There isn’t a written rule to stop buying physical damage coverage on your policy, but there is a guideline you can consider. If the annual cost of your full coverage insurance is about 10% or more of any settlement you would receive from your insurance company, then it’s probably a good time to buy liability coverage only.

For example, let’s pretend your Chevy Silverado 3500HD book value is $8,000 and you have $1,000 policy deductibles. If your vehicle is destroyed, you would only receive $7,000 after the deductible is paid. If premium cost is more than $700 annually for full coverage, then it might be time to buy liability only.

There are a few cases where dropping physical damage coverage is not recommended. If you still have a loan on your vehicle, you have to keep full coverage in order to satisfy the requirements of the loan. Also, if you don’t have enough money to buy a different vehicle in case of an accident, you should not eliminate full coverage.

How do Car Insurance Companies Determine Chevy Silverado 3500HD Insurance Costs?

Multiple criteria are part of the calculation when pricing auto insurance. Some are pretty understandable such as traffic violations, although others are more obscure such as whether you are married or your vehicle rating. When buying car insurance it’s important to understand some of the elements that are used to determine your car insurance rates. If you understand what determines premiums, this allows you to make educated decisions that could result in cheaper rates.

Listed below are some of the things used by companies to determine prices.

• Getting married reduces risk – Getting married actually saves money compared to being single. It usually means you are less irresponsible and it’s proven that married drivers get in fewer accidents.
• Combine policies to earn discounts – Lots of insurers apply better rates to policyholders that have more than one policy in the form of a multi-policy discount. Even if you qualify for this discount already, you still need to comparison shop to make sure you are getting the best deal.
• Liability protection is important – The liability section of your policy will protect you if you are found to be at fault for physical damage or personal injury to other. Liability insurance provides you with a defense in court to attempt to prove you were not liable. Liability insurance is pretty cheap compared to physical damage coverage, so do not skimp.

• With age comes lower prices – Older insureds are proven to be safer behind the wheel, tend to file fewer claims, and receive fewer citations. Young drivers tend to be more careless when at the wheel of a vehicle therefore car insurance rates are much higher.

  The following chart uses these variables: single driver, full coverage with $100 deductibles, and no discounts or violations.

• Too many policy claims will drive premiums up – Companies in Texas award better rates to drivers that do not abuse their auto insurance. If you frequently file small claims, you can expect higher rates. Your insurance policy is meant to be used in the event of the large, substantial claims.
• Uninterrupted coverage lowers premiums – Driving without insurance is against the law and your next policy will cost more because you let your insurance lapse for non-payment. In addition to paying higher rates, failure to provide proof of insurance will get you a revoked license or a big fine. Then you may be required to provide proof of insurance in the form of an SR-22 filing with the Texas DMV.
• Your car’s features help determine rates – Choosing a vehicle with anti-theft technology or alarm system can get you a discount on your car insurance. Theft deterrent systems like LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system all aid in stopping vehicle theft.

Insurance is not optional

Even though it’s not necessarily cheap to insure a Chevy in San Antonio, insuring your vehicle serves an important purpose.

• The majority of states have minimum mandated liability insurance limits which means it is punishable by state law to not carry specific minimum amounts of liability coverage in order to license the vehicle. In Texas these limits are 30/60/25 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
• If you bought your Chevy Silverado 3500HD with a loan, it’s most likely the lender will require that you have full coverage to ensure loan repayment if the vehicle is totaled. If you default on your policy, the lender may insure your Chevy at an extremely high rate and require you to fork over a much higher amount than you were paying before.
• Insurance protects your Chevy Silverado 3500HD and your assets. It will also pay for medical transport and hospital expenses for not only you but also any passengers injured in an accident. Liability insurance, one of your policy coverages, also pays expenses related to your legal defense if someone files suit against you as the result of an accident. If you receive damage to your vehicle caused by a storm or accident, collision and comprehensive coverages will pay all costs to repair after the deductible has been paid.

The benefits of having insurance are without a doubt worth the cost, especially if you ever need it. An average driver in America is overpaying more than $850 per year so you should quote rates each time the policy renews to save money.