Affordable Rate Quotes for Chevy Silverado 3500HD Insurance in Boston

A recent insurance study discovered that over 70% of drivers kept buying from the same company for more than four years, and almost 40% of drivers have never compared quotes from other companies. Many consumers in Boston could cut their rates by roughly 45% a year, but they won’t spend time to compare rate quotes.

It takes a little time, but the best way to get affordable Chevy Silverado 3500HD insurance in Boston is to do a yearly price comparison from different companies in Massachusetts. You can shop around by following these steps.

1. Learn about car insurance and the measures you can take to prevent high rates. Many rating factors that drive up the price such as speeding tickets, accidents and a low credit score can be amended by being financially responsible and driving safely. This article gives more information to get low prices and get additional discounts that may be available.
2. Get rate quotes from exclusive agents, independent agents, and direct providers. Direct companies and exclusive agencies can only quote rates from one company like GEICO and State Farm, while agents who are independent can quote rates for a wide range of insurance providers.
3. Compare the price quotes to your existing rates to see if switching to a new carrier will save money. If you find a lower rate quote and buy the policy, ensure coverage does not lapse between policies.
4. Provide adequate notice to your current company to cancel your current policy. Submit a completed policy application and payment to the newly selected company. Once the application is submitted, place your new certificate verifying proof of insurance in an easily accessible location.

A good tip to remember is that you use the same deductibles and limits on each quote and to quote with as many companies as you can. Doing this helps ensure a fair price comparison and a complete rate analysis.

Coverage analysis

The coverage information displayed next outlines a range of insurance prices for Chevy Silverado 3500HD models. Knowing how rate quotes are figured is important to be able to make decisions when choosing a new policy provider.

Prices based on single male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Massachusetts minimum liability limits. Discounts applied include multi-policy, safe-driver, claim-free, multi-vehicle, and homeowner. Premium costs do not factor in specific location information which can revise coverage prices considerably.

Car insurance deductibles

A question often asked by Boston drivers is the level to set your comp and collision deductibles. The comparisons below can help show the premium difference of buying low and high physical damage deductibles. The first pricing table uses a $250 comprehensive and collision deductible and the second data table uses a $1,000 deductible.

Data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Massachusetts minimum liability limits. Discounts applied include claim-free, homeowner, multi-vehicle, multi-policy, and safe-driver. Rate quotes do not factor in your specific Boston location which can lower or raise premium rates greatly.

Using the premium rates above, we can conclude that using a $250 deductible costs about $31 more each month or $372 each year than selecting the higher $1,000 deductible. Because you would pay $750 more out of your own pocket with a $1,000 deductible as compared to a $250 deductible, if you average at least 24 months between claims, you would most likely save money if you decide on a higher deductible. The numbers below show the way this calculation is made.

The information below illustrates how your deductible choice and can affect Chevy Silverado 3500HD yearly insurance costs for different age groups. The rates are based on a single female driver, full coverage, and no other discounts are factored in.

Gender differences in car insurance premiums

The illustration below shows the comparison of Chevy Silverado 3500HD insurance premiums for male and female drivers. The costs are based on no accidents or driving violations, full physical damage coverage, $250 deductibles, marital status is single, and no discounts are applied.

Liability only or full coverage

The chart below illustrates the comparison of Chevy Silverado 3500HD insurance rates with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The prices are based on no claims or driving violations, $500 deductibles, single status, and no discounts are applied.

When to stop buying comprehensive and collision coverage

There is no clear-cut rule of when to eliminate comp and collision coverage, but there is a general guideline. If the yearly cost of full coverage is more than about 10% of the replacement cost of your vehicle minus the policy deductible, then you might consider buying liability only.

For example, let’s assume your Chevy Silverado 3500HD replacement value is $3,000 and you have $1,000 policy deductibles. If your vehicle is totaled in an accident, the most you would get paid by your company is $2,000 after the deductible is paid. If you are paying in excess of $200 a year for your policy with full coverage, the it may be a good time to stop paying for full coverage.

There are some scenarios where only buying liability is not a good plan. If you still have a lienholder on your title, you have to keep full coverage to protect the lienholder’s interest. Also, if you cannot afford to purchase a different vehicle if your current one is totaled, you should not opt for liability only.

Informed Drivers Save Every Year

It’s important that you understand the rating factors that help determine the rates you pay for insurance. If you know what positively or negatively impacts your premiums, this helps enable you to make changes that can help you get lower rates. Multiple criteria are part of the equation when premium rates are determined. Some are obvious such as your driving history, but other criteria are not quite as obvious like your vehicle usage or how financially stable you are.

The items below are some of the most rate-impacting factors insurance companies consider when setting prices.

• When should you file insurance claims? – Car insurance companies in Massachusetts provide the best rates to people who are not frequent claim filers. If you file claims often, you can expect higher premiums or even policy non-renewal. Your insurance policy is intended for claims that you cannot pay yourself.
• Being married is a bonus – Having a spouse can get you a discount when shopping for insurance. Marriage means you’re more financially stable and it’s proven that married drivers tend to have fewer serious accidents.
• Use credit responsibly and save – Your credit rating factor in calculating your premium rate. Insureds with good credit tend to be less risk to insure than those with lower credit ratings. If your credit history could use some work, you could pay less to insure your Chevrolet Silverado 3500HD if you improve your credit rating.

• Insurance rates and age – Teen drivers in Massachusetts are statistically proven to be easily distracted when driving with friends so insurance rates are higher. If you’ve ever had to add a inexperienced driver onto a policy can really hurt. More experienced drivers are shown to be more cautious, are lower risk to insure, and usually have better credit.

  The following data uses these variables: single driver, full coverage with $500 deductibles, and no discounts or violations.

Don’t give up on affordable rates

As you prepare to switch companies, make sure you don’t sacrifice coverage to reduce premiums. There have been many situations where an accident victim reduced liability limits or collision coverage only to find out that it was a big mistake. The proper strategy is to purchase plenty of coverage at a price you can afford, but don’t skip important coverages to save money.

Some insurance providers may not offer rates over the internet and many times these regional insurance providers provide coverage only through independent agents. Cheaper Chevy Silverado 3500HD insurance in Boston is attainable from both online companies in addition to local insurance agencies, so you should compare both in order to have the best price selection to choose from.

Much more information about car insurance in Massachusetts can be found at these links:

• Airbag FAQ (iihs.org)
• Who Has Affordable Boston Car Insurance for Drivers with Good Credit? (FAQ)
• Who Has Affordable Auto Insurance for Unemployed Drivers in Boston? (FAQ)
• Who Has Cheap Auto Insurance for Ride Shares in Boston? (FAQ)
• Who Has the Cheapest Auto Insurance for Hybrid Vehicles in Boston? (FAQ)
• Uninsured Motorist Statistics (Insurance Information Institute)
• Insurance losses by make and model (Insurance Institute for Highway Safety)