Chevy Silverado insurance rates image courtesy of QuoteInspector.com
It's an obvious assumption that insurance companies don't want you shop around. Consumers who compare other prices are likely to switch insurance companies because they have good chances of finding good coverage at a lower price. A recent insurance study discovered that drivers who compared prices once a year saved as much as $860 a year as compared to drivers who never compared prices.
If finding budget-friendly rates on Chevy Silverado 3500HD insurance in Portland is your objective, then having some insight into how to quote and compare cheaper coverage can help you be more efficient.
Really, the only way to find discount Chevy Silverado 3500HD insurance is to do an annual price comparison from companies who sell auto insurance in Portland.
- Step 1: Try to learn a little about how companies price auto insurance and the things you can change to prevent rate increases. Many rating criteria that result in higher rates such as traffic citations and an unacceptable credit history can be remedied by making minor driving habit or lifestyle changes.
- Step 2: Get rate quotes from direct, independent, and exclusive agents. Direct companies and exclusive agencies can only give prices from one company like GEICO or Allstate, while independent agents can provide prices from multiple companies.
- Step 3: Compare the new rate quotes to the premium of your current policy to see if a cheaper rate is available. If you can save money, ensure there is no coverage lapse between policies.
An important note is to try to compare the same liability limits and deductibles on each quote request and and to compare as many carriers as you can. Doing this ensures the most accurate price comparison and the best price selection.
Quote Portland Chevy Silverado 3500HD insurance online
The are a couple different ways to compare rate quotes from insurance companies in your area. The best method to find the cheapest Chevy Silverado 3500HD insurance rates consists of shopping online.
It's important to know that comparing more prices helps increase your odds of locating more affordable rates. Some insurance companies are not set up to provide Portland Silverado 3500HD insurance quotes over the internet, so you need to compare price estimates from them as well.
The companies shown below provide free quotes in Oregon. In order to find cheap auto insurance in Portland, we recommend you visit several of them in order to get a fair rate comparison.
Chevy Silverado 3500HD detailed coverage information
The coverage information displayed below showcases detailed analysis of rate quotes for Chevy Silverado 3500HD models. Having a better understanding of how auto insurance prices are determined can be of help when making smart choices when buying a car insurance policy.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Silverado 3500HD LT Crew Cab 4WD||$242||$480||$384||$22||$114||$1,242||$104|
|Silverado 3500HD LT Extended Cab 4WD||$242||$480||$384||$22||$114||$1,242||$104|
|Silverado 3500HD LT Crew Cab 2WD||$242||$416||$306||$18||$92||$1,074||$90|
|Silverado 3500HD LTZ Crew Cab 2WD||$266||$416||$306||$18||$92||$1,098||$92|
|Silverado 3500HD LT Crew Cab Diesel 2WD||$266||$480||$306||$18||$92||$1,162||$97|
|Silverado 3500HD LTZ Crew Cab Diesel 2WD||$266||$480||$306||$18||$92||$1,162||$97|
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Data variables include married male driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Oregon minimum liability limits. Discounts applied include safe-driver, homeowner, multi-vehicle, claim-free, and multi-policy. Premium amounts do not factor in Portland location which can raise or lower price quotes greatly.
The example below demonstrates how deductibles and can change Chevy Silverado 3500HD insurance prices for different age groups of insureds. The premiums are based on a married male driver, full coverage, and no discounts are factored in.
Price comparison of only insuring for liability
The example below compares Chevy Silverado 3500HD insurance costs with full physical damage coverage and with liability coverage only. The prices are based on no claims or driving violations, $500 deductibles, single status, and no policy discounts are applied.
Should you pay for full coverage or liability only?
There is no exact formula to eliminate comp and collision coverage, but there is a general guideline you can use. If the yearly cost of full coverage is 10% or more of the vehicle's replacement cost less your deductible, then you might want to think about dropping full coverage.
For example, let's say your Chevy Silverado 3500HD book value is $7,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled in an accident, the most your company would pay you is $6,000 after the deductible is paid. If it's costing in excess of $600 a year for full coverage, then it might be time to consider dropping full coverage.
There are a few cases where dropping full coverage is not a good plan. If you still have a lienholder on your title, you have to keep full coverage to satisfy the loan requirements. Also, if your finances do not allow you to purchase a different vehicle if your current one is damaged, you should keep full coverage on your policy.
Buying from insurance agencies
Some consumers still like to have an agent's advice and doing that can be a smart decision The biggest benefit of price shopping on the web is the fact that drivers can get cheap auto insurance rates and still choose a local agent.
By using this short form, your information is transmitted to agents in your area who will return price quotes and help you find cheaper coverage. You don't have to even leave your home as quotes are delivered to you directly. Get lower rates without the usual hassles of price shopping. If for some reason you want to quote rates from a particular provider, just go to their quote page and submit a quote form there.
Finding the right insurance company requires more thought than just a low price. You should also get answers to these questions.
- Has the agent ever had any license suspensions?
- How experienced are they in personal risk management?
- Do the companies they represent have a solid financial rating?
- Are they paid to recommend certain coverages?
- Will your rates increase after a single accident?
- Are they primarily personal or commercial lines agents in Portland?
- Which members of your family are coverage by the policy?
- Will the quote change when the policy is issued?
Pick the best car insurance agent in Portland for you
If you want a reputable agency, you need to know there are two different types of agents that you can choose from. Auto insurance agents are considered either exclusive or independent.
Agents that elect to be exclusive can only write with one company such as AAA, State Farm, Farmers Insurance, and Allstate. Exclusive agents cannot shop your coverage around so they have no alternatives for high prices. Exclusive agents are very knowledgeable on the products they sell which helps overcome the inability to quote other rates. Some consumers prefer to buy insurance from these agents primarily because of the prominence of the brand rather than low price.
Listed below is a short list of exclusive insurance agencies in Portland willing to provide price quote information.
- Ernest J Hill Jr - State Farm Insurance Agent
4946 N Vancouver Ave - Portland, OR 97217 - (503) 286-1103 - View Map
- Dan Lucich - State Farm Insurance Agent
1516 NE 15th Ave - Portland, OR 97232 - (503) 287-3757 - View Map
- Doug Menely - State Farm Insurance Agent
8606 SE 17th Ave - Portland, OR 97202 - (503) 238-1903 - View Map
Agents in the independent channel can quote rates with many companies and that gives them the ability to insure amongst many companies and find the cheapest rate. If your agent finds better pricing, they can switch companies in-house and that require little work on your part. If you are comparing auto insurance prices, you need to include rate quotes from independent agents to maximize your price options. Most also write with small regional insurance companies that may have much lower rates than larger companies.
Shown below are Portland independent agents that can give you price quote information.
- Fox Insurance Agency
1819 SW 5th Ave - Portland, OR 97201 - (503) 277-2300 - View Map
- Chamberlain Insurance
7831 SE Stark St #102 - Portland, OR 97215 - (503) 256-1448 - View Map
- Darrell Grenz Insurance Agency
5651 N Lombard St - Portland, OR 97203 - (503) 206-6736 - View Map
If you get good feedback for all questions you ask and a good coverage price, it's possible that you found an insurance agency that meets your needs to properly insure your vehicles. Just be aware that consumers can terminate coverage whenever you wish so never feel that you are permanently stuck with any particular company for a certain time period.
How to find a good Portland car insurance company
Buying coverage from the best auto insurance provider can be difficult considering how many companies there are to choose from in Oregon. The company rank data shown below could help you select which car insurance providers you want to consider comparing rates with.
|Company||Value||Customer Service||Claims||Customer Satisfaction||A.M Best Rating||Overall Score|
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Data Source: Insure.com Best Car Insurance Companies