Trying to find the cheapest insurance for your Chevy Silverado 3500HD in Illinois can be difficult, but you can learn the following methods to find lower rates.
There are both good and bad ways to find auto insurance online and you need to know the absolute fastest way to price shop coverage on a Chevy and find the lowest price either online or from Chicago insurance agents.
Finding the most affordable protection in Chicago is actually quite simple. If you’re already insured or need a new policy, use these tips to get lower rates without sacrificing coverage. Vehicle owners just need to know the best way to compare company rates over the internet.
Chicago insurance discounts
Insurance can be pricey, but discounts can save money and there are some available that may help make it more affordable. Some discounts will apply when you quote, but some may not be applied and must be requested specifically in order for you to get them.
- Senior Discount – If you qualify as a senior citizen, you can get a discount up to 10%.
- Safe Driver Discounts – Drivers who avoid accidents can get discounts for up to 45% lower rates than their less cautious counterparts.
- Distant College Student Discount – College-age children who are attending college and do not have access to a covered vehicle could get you a discount.
- Drive Less and Save – Keeping the miles down on your Chevy can qualify you for discounted prices on garaged vehicles.
- Policy Bundle Discount – If you combine your home and auto policies with one insurance company you will save up to 20% off your total Silverado 3500HD insurance premium.
We need to note that most of the big mark downs will not be given to your bottom line cost. Most only reduce specific coverage prices like medical payments or collision. Despite the fact that it seems like you could get a free insurance policy, it doesn’t quite work that way.
The best insurance companies and a selection of discounts are outlined below.
- American Family may have discounts that include accident-free, early bird, Steer into Savings, TimeAway discount, multi-vehicle, bundled insurance, and air bags.
- Nationwide offers premium reductions for defensive driving, anti-theft, family plan, accident-free, Farm Bureau membership, easy pay, and business or organization.
- MetLife includes discounts for accident-free, claim-free, good driver, defensive driver, multi-policy, and good student.
- 21st Century may include discounts for driver training, teen driver, theft prevention, defensive driver, and air bags.
- Farmers Insurance offers discounts for distant student, switch companies, business and professional, teen driver, early shopping, and pay in full.
- Allstate policyholders can earn discounts including passive restraint, auto/life discount, teenSMART discount, premier plus, defensive driver, anti-theft, and premier discount.
If you are trying to find affordable Chevrolet Silverado 3500HD insurance quotes, ask all companies you are considering the best way to save money. Savings may not apply in your state. To see a list of insurance companies that have a full spectrum of discounts in Illinois, click here to view.
The quickest method to compare car insurance company rates for Chevy Silverado 3500HD insurance in Chicago is to know almost all companies participate in a system to give you rate quotes. All consumers are required to do is take a few minutes to give details including how old drivers are, if your license is active, whether you drive to work or school, and whether you are married. Your information is instantly provided to multiple companies and you will get price comparisons immediately.
To check Chevy Silverado 3500HD insurance prices now, click here and see if a lower rate is available in Chicago.
The auto insurance companies shown below can provide quotes in Illinois. If multiple companies are shown, we recommend you visit as many as you can to get the lowest price.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Silverado 3500HD LT Crew Cab 4WD | $158 | $308 | $306 | $18 | $92 | $882 | $74 |
| Silverado 3500HD LT Extended Cab 4WD | $218 | $456 | $306 | $18 | $92 | $1,090 | $91 |
| Silverado 3500HD LT Crew Cab 2WD | $230 | $368 | $268 | $16 | $80 | $962 | $80 |
| Silverado 3500HD LTZ Crew Cab 2WD | $220 | $316 | $266 | $16 | $80 | $898 | $75 |
| Silverado 3500HD LT Crew Cab Diesel 2WD | $148 | $284 | $274 | $16 | $82 | $804 | $67 |
| Silverado 3500HD LTZ Crew Cab Diesel 2WD | $174 | $308 | $246 | $14 | $74 | $816 | $68 |
| Get Your Own Custom Quote Go | |||||||
Prices above based on married female driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Illinois minimum liability limits. Discounts applied include multi-policy, multi-vehicle, homeowner, claim-free, and safe-driver. Premium amounts do not factor in specific zip code location which can increase or decrease premiums noticeably.
Liability only or full coverage
The illustration below examines Chevrolet Silverado 3500HD auto insurance rates with and without physical damage coverage. The costs are based on no accidents, no driving violations, $100 deductibles, single female driver, and no policy discounts are applied.
Are you wasting money on full coverage?
There is no specific rule that works best for making the decision to drop comprehensive and collision coverage on your policy, but there is a guideline you can use. If the yearly cost of comp and collision coverage is more than 10% of the replacement cost minus the deductible, then it’s probably a good time to buy liability coverage only.
For example, let’s pretend your Chevrolet Silverado 3500HD replacement value is $9,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled in an accident, the most your company will settle for is $8,000 after paying your deductible. If it’s costing in excess of $800 a year for physical damage coverage, then you may want to consider only buying liability coverage.
There are some cases where buying only liability insurance is not recommended. If you still owe money on your vehicle, you must maintain physical damage coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if your savings is not enough to buy a different vehicle in case of an accident, you should keep full coverage in place.
Physical damage deductible comparison
The information below highlights how deductible selection and can influence Chevrolet Silverado 3500HD annual premium costs for different categories of driver ages. The data assumes a married male driver, comp and collision included, and no discounts are applied.
Rate comparison for different deductibles
One of the more difficult decisions when buying auto insurance is where should you set your physical damage deductibles. The following tables can help you understand the differences in premium rates of buying low and high policy deductibles. The first set of prices uses a $250 deductible for physical damage and the second rate table uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Silverado 3500HD LT Crew Cab 4WD | $254 | $462 | $326 | $20 | $98 | $1,185 | $99 |
| Silverado 3500HD LT Extended Cab 4WD | $254 | $462 | $326 | $20 | $98 | $1,185 | $99 |
| Silverado 3500HD LT Crew Cab 2WD | $254 | $400 | $262 | $16 | $78 | $1,035 | $86 |
| Silverado 3500HD LTZ Crew Cab 2WD | $280 | $400 | $262 | $16 | $78 | $1,061 | $88 |
| Silverado 3500HD LT Crew Cab Diesel 2WD | $280 | $462 | $262 | $16 | $78 | $1,123 | $94 |
| Silverado 3500HD LTZ Crew Cab Diesel 2WD | $280 | $462 | $262 | $16 | $78 | $1,123 | $94 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Silverado 3500HD LT Crew Cab 4WD | $206 | $372 | $326 | $20 | $98 | $1,022 | $85 |
| Silverado 3500HD LT Extended Cab 4WD | $206 | $372 | $326 | $20 | $98 | $1,022 | $85 |
| Silverado 3500HD LT Crew Cab 2WD | $206 | $322 | $262 | $16 | $78 | $884 | $74 |
| Silverado 3500HD LTZ Crew Cab 2WD | $228 | $322 | $262 | $16 | $78 | $906 | $76 |
| Silverado 3500HD LT Crew Cab Diesel 2WD | $228 | $372 | $262 | $16 | $78 | $956 | $80 |
| Silverado 3500HD LTZ Crew Cab Diesel 2WD | $228 | $372 | $262 | $16 | $78 | $956 | $80 |
| Get Your Own Custom Quote Go | |||||||
Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Illinois minimum liability limits. Discounts applied include multi-policy, multi-vehicle, claim-free, homeowner, and safe-driver. Price estimates do not factor in the specific area where the vehicle is garaged which can revise premium rates significantly.
Based on the above data, using a $250 deductible will cost in the ballpark of $13 more each month or $156 a year than selecting 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 at least 19 months between claims, you would most likely save money if you decide on a higher deductible.
How to determine if a higher deductible is a good idea
| Average monthly premium for $250 deductibles: | $93 |
| Average monthly premium for $500 deductibles (subtract): | – $80 |
| Monthly savings from raising deductible: | $13 |
| Difference between deductibles ($500 – $250): | $250 |
| Divide difference by monthly savings: | $250 / $13 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 19 months |
One important issue to know is that raising deductibles to save money results in having to pay to pay more out-of-pocket when you have a physical damage claim. You will want to have enough disposable savings in order to pay the deductible for vehicle repair.
Informed Drivers Save More
Multiple criteria are used in the calculation when you quote your car insurance policy. Some factors are common sense such as traffic violations, but other criteria are more obscure like where you live or your financial responsibility.
Never have insurance lapses – Allowing your insurance policy to lapse is a sure-fire way to bump up your insurance costs. And not only will your rates increase, getting caught without coverage will get you a revoked license or a big fine. You may need to provide proof of insurance in the form of an SR-22 filing with the Illinois department of motor vehicles.
Age of drivers impacts rates – More experienced drivers are more responsible, statistically cause fewer accidents, and usually have better credit.Young drivers tend to get distracted easily behind the wheel so insurance rates are higher.
Accidents can be expensive – Even a single ticket can bump up the cost by twenty percent. Drivers with clean records tend to pay less for car insurance than their less careful counterparts. Drivers who get severe tickets such as hit and run, DWI or reckless driving convictions may face state-mandated requirements to file a proof of financial responsibility form (SR-22) with their state in order to prevent their license from being revoked.
Urban residents pay more – Having an address in less populated areas of the country can save you money when trying to find low car insurance rates. People in densely populated areas have more road rage incidents and a longer drive to work. Lower population translates into fewer accident claims in addition to fewer liability claims.
Amount of liability protection – The liability section of your policy provides coverage if ever a court rules you are at fault for damages caused by your negligence. It provides you with a defense in court to attempt to prove you were not liable. Liability is cheap compared to physical damage coverage, so drivers should buy more than the minimum limits required by law.
Mileage impacts rates – Driving a lot of miles in a year’s time the more you’ll pay to insure your vehicle. The majority of insurers price each vehicle’s coverage based upon how much you drive. Cars and trucks that sit idle most of the time receive better premium rates than vehicles that are driven to work every day. A policy that improperly rates your Silverado 3500HD can cost quite a bit. Verify your vehicle rating properly reflects the right rating data.
Frequent claims will increase rates – If you are the type of insured that files lots of claims you shouldn’t be surprised to get higher rates. Car insurance companies in Illinois generally give the lowest premiums to policyholders who file claims infrequently. Insurance coverage is intended to be relied upon for larger claims.
Different people need different auto insurance coverages
When it comes to choosing the right insurance coverage, there really is not a single plan that fits everyone. Every situation is different.
For instance, these questions may help you determine if your insurance needs might need an agent’s assistance.
- Do I have newly-aquired coverage?
- When does my teenage driver need to be added to my policy?
- What is the ISO rating for a Chevy Silverado 3500HD?
- Am I covered if my car is in a flood?
- Do I need replacement cost coverage?
- Can my teen drive my company car?
- Does my policy cover me when driving someone else’s vehicle?
- Can I use my car for my catering business?
If you’re not sure about those questions but you think they might apply to your situation, you may need to chat with an insurance agent. If you don’t have a local agent, simply complete this short form. It’s fast, doesn’t cost anything and you can get the answers you need.
Compare prices but work with a local neighborhood Chicago car insurance agent
Some consumers just prefer to talk to a local agent and often times that is recommended Professional agents can make sure you are properly covered and help you file claims. One of the best bonuses of comparing rates online is you may find the best rates and still choose a local agent. Buying from neighborhood insurance agencies is still important in Chicago.
Upon completion of this short form, the quote information is instantly submitted to local insurance agents who want to provide quotes for your coverage. You never need to leave your computer as quotes are delivered immediately to you. If you want to quote rates from a particular provider, don’t hesitate to jump over to their website and fill out the quote form the provide.
When finding local Chicago agents, it helps to know the two different agency structures and how they are distinctly different. Agents may be either independent agents or exclusive agents. Either one can handle insurance, but it’s important to know the subtle differences since it may influence your selection of an agent.
Independent Insurance Agents
Agents that choose to be independent do not work for one specific company and that allows them to write policies with lots of companies and possibly get better coverage at lower prices. If they quote lower rates, an independent agent can move your coverage and you don’t have to switch agencies.
If you are trying to find cheaper rates, we recommend you compare quotes from at least one independent agent for maximum quote selection. Most independent agents also contract with additional companies that you may not be familiar with that may have much lower rates than larger companies.
Featured below are Chicago independent insurance agencies that can give you comparison quotes.
- Active Insurance Agency – Auto Insurance
1034 N Ashland Ave – Chicago, IL 60622 – (773) 286-3473 – View Map - Northwest Insurance Network
330 S Wells St #1600 – Chicago, IL 60606 – (312) 427-1777 – View Map - Northwest Insurance Network Inc
4450 N Western Ave – Chicago, IL 60625 – (773) 433-3300 – View Map
Exclusive Insurance Agents
Agents that choose to be exclusive have only one company to place business with like Farmers Insurance, American Family, State Farm and Allstate. These agents are unable to give you multiple price quotes so always compare other rates. These agents are usually quite knowledgeable in insurance sales which helps them sell on service rather than price. Consumers frequently buy from the same agent for years primarily because of the brand and solid financial strength.
Listed below are Chicago exclusive agents that are able to give comparison quotes.
- Neal Gallo – State Farm Insurance Agent
6666 N Western Ave – Chicago, IL 60645 – (773) 743-6565 – View Map - Linda Kuczka – State Farm Insurance Agent
954 W Webster Ave – Chicago, IL 60614 – (773) 975-9111 – View Map - Rhea Joyer – State Farm Insurance Agent
4911 N Lincoln Ave c – Chicago, IL 60625 – (773) 878-8883 – View Map
Selecting a insurance agent is decision based upon more than just a cheap price quote. Here are some questions you should ask.
- When do they do a full risk review?
- Is vehicle mileage a factor when determining depreciation for repairs?
- Are all drivers listed on the coverage quote?
- If your car is totalled, how to they determine the replacement cost?
- What is their Better Business Bureau rating?
- Where would your vehicle be repaired?
After you get positive feedback to any questions you have and a good coverage price, it’s possible that you found a car insurance agent that is a good match to insure your vehicles. But keep in mind it’s your coverage and you can cancel your policy for any reason so never feel that you’re stuck with the insurance policy for the full policy term.
Insurance is not optional but you don’t have to overpay
Despite the high insurance cost for a Chevy Silverado 3500HD in Chicago, buying insurance serves a purpose in several ways.
- Most states have mandatory insurance requirements which means it is punishable by state law to not carry a minimum amount of liability insurance in order to drive the car. In Illinois these limits are 20/40/15 which means you must have $20,000 of bodily injury coverage per person, $40,000 of bodily injury coverage per accident, and $15,000 of property damage coverage.
- If you have a lien on your Chevy Silverado 3500HD, most banks will stipulate that you have physical damage coverage to protect their interest in the vehicle. If you do not pay your insurance premiums, the lender may insure your Chevy at a significantly higher premium and force you to reimburse them for the expensive policy.
- Insurance preserves both your assets and your car. It will also reimburse you for medical expenses for you, any passengers, and anyone injured in an accident. Liability insurance will also pay attorney fees if anyone sues you for causing an accident. If your car is damaged in a storm or accident, your policy will cover the damage repairs after a deductible is paid.
The benefits of having insurance more than cancel out the cost, especially if you ever need it. An average driver in America is overpaying more than $830 a year so shop around at every renewal to help ensure money is not being wasted.
More comparisons equals cheaper rates
Insureds who switch companies do it for a variety of reasons including delays in responding to claim requests, unfair underwriting practices, delays in paying claims and poor customer service. No matter why you want to switch, finding a new company is not as hard as you think.
As you prepare to switch companies, it’s not a good idea to buy poor coverage just to save money. In too many instances, an insured cut collision coverage only to regret at claim time that it was a big error on their part. Your focus should be to purchase a proper amount of coverage at the best possible price while not skimping on critical coverages.
Throughout this article, we presented some good ideas how you can save on Chevy Silverado 3500HD insurance in Chicago. The most important thing to understand is the more rate comparisons you have, the better your chances of lowering your prices. You may even discover the best price on auto insurance is with the least-expected company.
Even more information can be found at these sites:
- Information for Teen Drivers (GEICO)
- Who Has the Cheapest Chicago Car Insurance Rates for Business Use? (FAQ)
- Who Has Cheap Car Insurance Quotes for 18 Year Olds in Chicago? (FAQ)
- Who Has Affordable Chicago Car Insurance Rates for a Hyundai Santa Fe? (FAQ)
- Who Has Cheap Auto Insurance Quotes for a Chevrolet Equinox in Chicago? (FAQ)
- Who Has Cheap Auto Insurance for a Subaru Outback in Chicago? (FAQ)
- Five Steps to Filing an Auto Insurance Claim (Insurance Information Institute)
- Distracted Driving Statistics (Insurance Information Institute)
- Credit Impacts Car Insurance Rates (State Farm)