Best Chevy Silverado 2500HD Insurance in Minneapolis

It’s an obvious assumption that insurance companies don’t want their policyholders to compare prices. Insureds who rate shop once a year are inclined to switch to a new company because there is a good chance of finding more affordable rates. A recent survey revealed that drivers who routinely compared quotes saved $70 a month compared to policyholders who don’t make a habit of comparing rates.

If finding the cheapest rates on car insurance in Minneapolis is your objective, then learning about how to get rate quotes and compare insurance rates can make the process more efficient.

It takes a few minutes, but the best way to get budget auto insurance rates in Minneapolis is to annually compare prices from different companies who provide car insurance in Minnesota.

1. Try to learn a little about how insurance companies determine prices and the measures you can take to prevent rate increases. Many rating criteria that increase rates such as multiple speeding tickets and a substandard credit score can be remedied by making minor changes in your lifestyle.
2. Compare rates from exclusive agents, independent agents, and direct providers. Exclusive and direct companies can only provide price estimates from a single company like GEICO and State Farm, while independent agents can quote rates from many different companies. Compare rates now
3. Compare the new rates to your current policy and determine if cheaper Silverado 2500HD coverage is available. If you can save some money and make a switch, verify that coverage does not lapse between policies.

One bit of advice is to make sure you enter identical coverages on each quote request and and to get prices from as many companies as feasibly possible. This helps ensure a level playing field and maximum price selection.

Shopping for the lowest cost policy in Minneapolis is not as time-consuming as you think. If you’re already insured or are looking for a new policy, use these cost-cutting techniques to get lower rates while maximizing coverage. Smart shoppers only need to know the most effective way to shop for insurance online.

The companies shown below provide comparison quotes in Minneapolis, MN. To get the best cheap auto insurance in Minneapolis, we suggest you click on several of them in order to find the cheapest rates.

Rates and information analytics

The premium information shown below highlights a range of insurance rates for Chevy Silverado 2500HD models. Learning as much as possible about how rates are determined can help drivers make smart choices when selecting a coverage provider.

Cost estimates assume married female driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Minnesota minimum liability limits. Discounts applied include multi-vehicle, multi-policy, safe-driver, homeowner, and claim-free. Rate quotes do not factor in specific location information which can raise or lower premium rates substantially.

Can higher deductibles save money?

One frequently asked question is how high should your deductibles be. The figures shown below help summarize the cost difference of buying low and high coverage deductibles. The first table uses a $250 deductible for comp and collision and the second pricing table uses a $1,000 deductible.

Premium data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Minnesota minimum liability limits. Discounts applied include multi-vehicle, multi-policy, safe-driver, homeowner, and claim-free. Rate information does not factor in specific zip code location which can lower or raise coverage rates significantly.

Using the data above, we can ascertain that using a $250 deductible will cost you roughly $28 more each month or $336 each year across all Chevrolet Silverado 2500HD models than choosing the higher $1,000 deductible. Since the policyholder would be required to pay $750 more out of your own pocket with a $1,000 deductible as compared to a $250 deductible, if you tend to have at least 27 months between claims, you would save more money if you choose the higher deductible.

The illustration below shows how choosing a deductible and can raise or lower Chevy Silverado 2500HD premium costs for different insured age categories. The price estimates are based on a single male driver, full physical damage coverage, and no discounts are taken into consideration.

Chevrolet Silverado 2500HD insurance premiums by gender and age

The information below shows the difference between Chevy Silverado 2500HD insurance rates for male and female drivers. The rates are based on no accidents, no driving violations, full coverage, $250 deductibles, single status, and no discounts are applied.

Chevrolet Silverado 2500HD liability-only versus full coverage

The chart below shows the comparison of Chevy Silverado 2500HD auto insurance rates with full physical damage coverage compared to only buying the minimum liability limits required in Minnesota. Data assumes a clean driving record, no at-fault accidents, $1,000 deductibles, drivers are single, and no additional discounts are factored in.

When to drop full coverage

There is no set rule for phasing out physical damage coverage, but there is a broad guideline. If the annual cost of coverage is more than 10% of replacement cost minus your deductible, then you may want to consider only buying liability coverage.

For example, let’s pretend your Chevy Silverado 2500HD settlement value is $9,000 and you have $1,000 physical damage deductibles. If your vehicle is severely damaged, the most you would get paid by your company is $8,000 after the policy deductible has been paid. If it’s costing you more than $800 a year to have full coverage, the it may be a good time to stop paying for full coverage.

There are a few cases where buying only liability insurance is not a good idea. If you still have a lienholder on your title, you have to maintain full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if you don’t have enough money to buy a different vehicle in the event your current vehicle is totaled, you should not opt for liability only.

Insurance policy discounts you can’t miss

Some providers don’t always list the complete list of policy discounts very well, so the below list has both the well known as well as some of the hidden credits available to you.

• Accident Forgiveness Coverage – Not necessarily a discount, but some companies like Liberty Mutual, Allstate and State Farm may permit one accident before raising your premiums with the catch being you have to be claim-free before the accident.
• Onboard Data Collection – Drivers who elect to allow driving data collection to analyze driving patterns by using a telematics device such as State Farm’s In-Drive might get better premium rates if they are good drivers.
• Anti-lock Brakes – Cars that have anti-lock braking systems can avoid accidents and the ABS can save up to 10%.
• Driver Training Discounts – Taking a course in defensive driving may get you a small discount if you qualify.
• Clubs and Organizations – Having an affiliation with certain professional organizations could trigger savings on your next renewal.
• Active Military Service – Being on active deployment in the military may qualify for rate reductions.
• Seat Belt Usage – Drivers who always wear seat belts and also require passengers to buckle up could cut 10% or more off the personal injury premium cost.

A little note about advertised discounts, most discount credits are not given to the entire policy premium. Most only cut specific coverage prices like liability, collision or medical payments. Just because it seems like all those discounts means the company will pay you, insurance companies aren’t that generous.

The diagram below illustrates the difference between Chevy Silverado 2500HD insurance premiums with and without discounts applied to the policy rates. The data assumes a male driver, no tickets, no at-fault accidents, Minnesota state minimum liability limits, full physical damage coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, multi-car, marriage, safe-driver, multi-policy, and claim-free discounts applied.

Some of the insurance companies who might offer these benefits include:

• State Farm
• GEICO
• Progressive
• 21st Century
• American Family
• The Hartford
• AAA

Double check with every insurance company which discounts can lower your rates. Some of the discounts discussed earlier may not apply everywhere. To locate insurance companies that offer multiple discounts in Minneapolis, follow this link.

Car insurance in Minnesota serves several purposes

Despite the high cost, insurance may be required and benefits you in several ways.

• Almost all states have compulsory liability insurance requirements which means you are required to buy specific limits of liability protection in order to get the vehicle licensed. In Minnesota these limits are 30/60/10 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
• If your Chevy has a lienholder, it’s most likely the lender will make it mandatory that you carry insurance to ensure they get paid if you total the vehicle. If coverage lapses or is canceled, the bank may buy a policy for your Chevy for a much higher rate and make you pay much more than you were paying before.
• Car insurance protects not only your car but also your financial assets. Insurance will also pay for most medical and hospital costs for yourself as well as anyone injured by you. Liability coverage will also pay attorney fees if anyone sues you for causing an accident. If your car is damaged in a storm or accident, comprehensive (other-than-collision) and collision coverage will cover the repair costs.

The benefits of having insurance are definitely more than the cost, especially when you need to use it. On average, a vehicle owner in Minneapolis is wasting up to $850 per year so shop around at least once a year to be sure current rates are still competitive.

What is the best car insurance company in Minnesota?

Choosing the highest-rated car insurance company can be rather challenging considering how many companies there are in Minneapolis. The ranking data shown next may help you choose which car insurance providers to look at purchasing a policy from.

Top 10 Minneapolis Car Insurance Companies Ranked by Customer Service

1. Mercury Insurance
2. Nationwide
3. State Farm
4. Safeco Insurance
5. American Family
6. Titan Insurance
7. Travelers
8. Liberty Mutual
9. GEICO
10. Allstate

Independent or exclusive auto insurance agents

Certain consumers just prefer to get advice from a local agent and doing so can bring peace of mind Professional agents can answer important questions and give you someone to call. One of the great benefits of comparing rates online is the fact that drivers can get cheap auto insurance quotes and still have an agent to talk to. And supporting neighborhood insurance agencies is definitely important in Minneapolis.

To help locate an agent, after submitting this short form, the quote information is instantly submitted to insurance agents in Minneapolis who will give you bids for your auto insurance coverage. There is no reason to contact an agency because quoted prices will be sent to the email address you provide. If you wish to quote rates from a particular provider, just find their quoting web page and give them your coverage information.

Pick the best auto insurance agent in Minneapolis for you

When narrowing the list to find a good insurance agency, you must know there are a couple different types of agents and how they are distinctly different. Minneapolis agents are either independent or exclusive depending on the company they work for. Both can sell auto insurance policies, but it’s worth learning how they differ since it can impact the type of agent you choose.

Independent Auto Insurance Agents (or Brokers)

Agents that elect to be independent are not restricted to one company so they have the ability to put coverage amongst many companies and find you the best rates. If they find a lower price, they can switch companies in-house which requires no work on your part. When comparing auto insurance rates, you definitely need to contact independent agents to ensure the widest selection of prices. Many can place coverage with less well-known companies which could offer lower prices.

Shown below are Minneapolis independent insurance agencies that may be able to provide cheap rate quotes.

• Abdullahi Ahmed Insurance Agency
  1113 E Franklin Ave # 104 – Minneapolis, MN 55404 – (612) 432-9142 – View Map
• Bernie Glover Insurance Agency
  2520 Lowry Ave N – Minneapolis, MN 55411 – (612) 522-6531 – View Map
• Glover Insurance Agency
  2520 NE Lowry Ave – Minneapolis, MN 55411 – (612) 284-3227 – View Map

View more agents

Exclusive Insurance Agents

These type of agents work for only one company like Allstate, State Farm and Farmers Insurance. They are unable to compare rates from other companies so if the price isn’t competitive there isn’t much they can do. They are very knowledgeable on the products they sell which helps them sell insurance even at higher premiums. Consumers sometimes buy from the same agent for years primarily because of loyalty to the company and the convenience of having a single billing for all their coverages.

Shown below are Minneapolis exclusive insurance agencies willing to provide comparison quotes.

• Nathan Dao – State Farm Insurance Agent
  220 South 6th St #180 – Minneapolis, MN 55402 – (612) 338-6422 – View Map
• State Farm: Seth Bork Insurance Agency Incorporated
  8347 University Ave NE D – Minneapolis, MN 55432 – (763) 780-2222 – View Map
• AAA Minneapolis Insurance
  5400 Auto Club Way – Minneapolis, MN 55416 – (952) 927-2518 – View Map

View more agents

Picking an insurance agent is decision based upon more than just the premium amount. Below are some questions you should ask.

• How does the company pay claims for a total loss?
• Will your rates increase after a single accident?
• What kind of financial rating does the company have?
• Is there a local claims center in Minneapolis?
• Is there a Errors and Omissions policy in force?
• Do they write coverage based solely on cost?

Auto insurance policy specifics

Having a good grasp of auto insurance helps when choosing which coverages you need at the best deductibles and correct limits. Policy terminology can be difficult to understand and nobody wants to actually read their policy.

Collision protection

Collision insurance pays to fix your vehicle from damage resulting from a collision with another vehicle or an object, but not an animal. You have to pay a deductible and then insurance will cover the remainder.

Collision insurance covers things such as hitting a mailbox, backing into a parked car and hitting a parking meter. Paying for collision coverage can be pricey, so consider removing coverage from vehicles that are 8 years or older. You can also bump up the deductible on your Silverado 2500HD to get cheaper collision coverage.

Coverage for medical expenses

Medical payments and Personal Injury Protection insurance kick in for bills for things like funeral costs, hospital visits, doctor visits, rehabilitation expenses and ambulance fees. The coverages can be used to cover expenses not covered by your health insurance plan or if you do not have health coverage. It covers not only the driver but also the vehicle occupants and also covers if you are hit as a while walking down the street. PIP coverage is not universally available and may carry a deductible

Comprehensive auto insurance

This coverage will pay to fix damage caused by mother nature, theft, vandalism and other events. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive insurance covers things such as a tree branch falling on your vehicle, vandalism and a broken windshield. The maximum amount you can receive from a comprehensive claim is the actual cash value, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

Liability insurance

This will cover injuries or damage you cause to people or other property that is your fault. Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. You might see values of 30/60/10 that means you have $30,000 in coverage for each person’s injuries, a per accident bodily injury limit of $60,000, and a limit of $10,000 paid for damaged property. Some companies may use one limit called combined single limit (CSL) which limits claims to one amount with no separate limits for injury or property damage.

Liability can pay for things like bail bonds, repair bills for other people’s vehicles, medical expenses and attorney fees. The amount of liability coverage you purchase is a personal decision, but you should buy as large an amount as possible. Minnesota state minimum liability requirements are 30/60/10 but you should consider buying more coverage.

The illustration below demonstrates why the minimum limit may not be enough coverage.

Coverage for uninsured or underinsured drivers

This coverage provides protection when the “other guys” either are underinsured or have no liability coverage at all. It can pay for medical payments for you and your occupants and damage to your Chevy Silverado 2500HD.

Due to the fact that many Minnesota drivers only carry the minimum required liability limits (Minnesota limits are 30/60/10), it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is important protection for you and your family. Normally these coverages are similar to your liability insurance amounts.