Chevy Silverado 2500HD Insurance Rate Quotes in Oklahoma City

It’s safe to assume that auto insurance companies don’t want policyholders to shop around. Insureds who get comparison quotes at least once a year are highly likely to move their business because they have good chances of finding a policy with better rates. Surprisingly, a recent survey revealed that people who compared price quotes annually saved as much as $3,400 over four years compared to people who never shopped around for cheaper prices.

If finding the best rates on insurance is your ultimate goal, knowing the best way to quote and compare cheaper coverage can help you succeed in finding affordable rates.

It takes a little time, but the best way to get more affordable auto insurance rates in Oklahoma City is to compare prices annually from different companies in Oklahoma. You can compare prices by following these guidelines.

Step 1: It will benefit you to learn about how your policy works and the changes you can make to keep rates in check. Many risk factors that are responsible for high rates like multiple speeding tickets and an unfavorable credit rating can be controlled by making minor driving habit or lifestyle changes. Continue reading for more information to lower rates and find discounts that may have been missed.

Step 2: Get rate quotes from direct, independent, and exclusive agents. Exclusive agents and direct companies can provide rates from a single company like Progressive or Allstate, while independent agents can provide price quotes from many different companies.

Step 3: Compare the price quotes to your current policy to see if switching to a new carrier will save money. If you find better rates, make sure there is no coverage gap between policies.

One piece of advice is that you’ll want to make sure you compare identical limits and deductibles on every quote request and and to analyze as many companies as you can. Doing this enables a fair price comparison and the most accurate and complete price analysis.

If you already have coverage, you will be able to shop for the lowest rates using the following tips. Pricing more affordable car insurance in Oklahoma City is not as hard as you may think. But Oklahoma vehicle owners can benefit from knowing the methods companies use to calculate your car insurance rates and apply this information to your search.

Cheapest Chevy insurance rates in Oklahoma City

The auto insurance companies shown below are ready to provide price comparisons in Oklahoma City, OK. If more than one company is shown, it’s a good idea that you compare several of them to get a more complete price comparison.

Chevy Silverado 2500HD insurance statistics and information

The table shown below highlights detailed analysis of insurance premium costs for Chevy Silverado 2500HD models. Being more informed about how car insurance premiums are calculated can assist in making informed decisions when comparing rates.

Data based on single male driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Oklahoma minimum liability limits. Discounts applied include multi-policy, homeowner, multi-vehicle, claim-free, and safe-driver. Premium costs do not factor in your specific Oklahoma City location which can impact prices significantly.

Where to set your deductibles

One common question asked by Oklahoma City drivers is how high should the deductibles for physical damage be. The premium rates below summarize the rate difference when you select higher and lower deductibles. The first data table uses a $100 physical damage deductible and the second set of rates uses a $1,000 deductible.

Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Oklahoma minimum liability limits. Discounts applied include multi-vehicle, homeowner, claim-free, safe-driver, and multi-policy. Table data does not factor in vehicle location which can decrease or increase insurance rates greatly.

We can derive from the above data that using a $100 deductible costs an average of $56 more each month or $672 each year across all Chevrolet Silverado 2500HD models than choosing the higher $1,000 deductible. Because you would pay $900 more out of your own pocket with a $1,000 deductible as compared to a $100 deductible, if you average more than 16 months between claims, you would probably come out ahead if you opt for a higher deductible.

Rate difference between full and liability-only coverage

The chart below visualizes the comparison of Chevy Silverado 2500HD premium costs with full physical damage coverage compared to only buying the minimum liability limits required in Oklahoma. The prices are based on no tickets, no at-fault accidents, $250 deductibles, marital status is single, and no additional discounts are factored in.

Should you pay for full coverage or liability only?

There is no set guideline for phasing out comprehensive and collision coverage on your policy, but there is a general guideline. If the yearly cost of full coverage is 10% or more of the replacement cost of your vehicle minus the policy deductible, then it might be time to buy liability only.

For example, let’s assume your Chevy Silverado 2500HD replacement value is $5,000 and you have $1,000 policy deductibles. If your vehicle is totaled in an accident, the most your company would pay you is $4,000 after paying your policy deductible. If you are currently paying more than $400 a year for full coverage, then it might be time to consider dropping full coverage.

There are some scenarios where buying only liability insurance is not recommended. If you have an outstanding loan on your vehicle, you are required to maintain full coverage as part of the loan conditions. Also, if you cannot afford to purchase a different vehicle in case of an accident, you should not buy liability only.

Good Decisions Result in Lower Insurance Costs

Lots of things are part of the equation when you get a price on insurance. Some are obvious like your driving record, although others are more transparent like your vehicle usage or your vehicle rating.

The items below are a partial list of the pieces insurance companies consider when setting premiums.

Women pay lower prices – Over the last 30 years, statistics show that females tend to be a little less risky than males. However, this does not mean women are better drivers. They both tend to get into auto accidents in similar numbers, but the males have accidents that have higher claims. Not only are claims higher, but men receive more costly citations like DWI (DUI) or reckless driving. Male teenagers are most likely to cause an accident and therefore are the most expensive to insure.

The information below shows the difference between Chevy Silverado 2500HD annual premium costs for male and female drivers. The data is based on no claims or violations, comprehensive and collision coverage, $100 deductibles, single marital status, and no discounts are taken into consideration.

Discounts for married drivers – Being married may save some money on insurance. Having a significant other translates into being more financially stable and it’s proven that drivers who are married are more cautious.

Higher coverage deductibles are cheaper – The deductibles you choose define how much you are willing to pay before a claim is paid by your company. Physical damage protection, also called ‘full coverage’, insures against damage to your car. Some coverage claims are a windshield broken by a bird, collision with a deer, and having a roll-over accident. The more of the claim you choose to pay out-of-pocket, the lower your rates will be.

Your occupation may affect rates – Did you know your insurance rates can be affected by your occupation? Occupations like lawyers, social workers, and miners have higher rates than average attributed to stressful work requirements and extremely grueling work hours. On the flip side, careers such as professors, engineers and retirees generally pay rates lower than average.

Bad drivers pay high prices – Having a clean driving record impacts premiums far more than you think. Careful drivers get better prices than bad drivers. Having just one speeding ticket or other violation may increase your cost by as much as thirty percent. Drivers with license-revoking violations such as reckless driving, hit and run or driving under the influence are required to file a SR-22 with their state DMV in order to continue driving.

The example below demonstrates how citations and at-fault collisions impact Chevy Silverado 2500HD premium costs for different age categories. The data is based on a married male driver, full physical damage coverage, $250 deductibles, and no discounts are applied to the premium.

Car insurance discounts are available to lower rates

Car insurance is neither fun to buy or cheap, but you might be missing out on some discounts that you may not even be aware of. Certain discounts will be triggered automatically at the time of purchase, but a few must be asked about before you will receive the discount.

• Onboard Data Collection – Oklahoma City drivers who agree to allow their car insurance company to monitor their driving habits by using a telematic data system such as Snapshot from Progressive or Drivewise from Allstate may see discounts if their driving habits are good.
• Membership in Organizations – Being a member of certain professional organizations could qualify you for a break on your bill.
• Cautious Driver Discount – Safe drivers can save up to 40% or more on their Oklahoma City car insurance quote than drivers with accident claims.
• Waiver for an Accident – Not a discount per se, but companies like GEICO and Liberty Mutual will allow you to have one accident before they charge you more for coverage so long as you haven’t had any claims prior to being involved in the accident.
• Discount for Good Grades – A discount for being a good student can be rewarded with saving of up to 25%. The discount lasts well after school through age 25.
• Savings for New Vehicles – Insuring a vehicle that is new can cost up to 25% less because newer models have to meet stringent safety requirements.
• College Student – Youth drivers who are enrolled in a college that is more than 100 miles from Oklahoma City and won’t have access to an insured vehicle may be able to be covered for less.

As a footnote on discounts, most discounts do not apply to all coverage premiums. Most only cut the price of certain insurance coverages like comprehensive or collision. Just because it seems like adding up those discounts means a free policy, it’s just not the way it works. Any amount of discount will lower your premiums.

The illustration below illustrates the difference between Chevy Silverado 2500HD car insurance rates with and without discounts applied. The data is based on a female driver, no claims, a clean driving record, Oklahoma 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 multi-car, marriage, homeowner, safe-driver, claim-free, and multi-policy discounts applied.

For a list of car insurance companies with discount rates in Oklahoma, click here to view.

Local agents and car insurance

Certain consumers still prefer to sit down with an agent and often times that is recommended One of the best bonuses of comparing insurance prices online is that you can find lower rates and still choose a local agent. And providing support for local insurance agents is still important in Oklahoma City.

After completing this simple form, your insurance data is immediately sent to local insurance agents in Oklahoma City that give free quotes and help you find cheaper coverage. It simplifies rate comparisons since you won’t have to leave your computer because prices are sent immediately to your email address. You can find lower rates and an insurance agent to talk to. If you want to compare prices from one company in particular, you just need to go to their quote page and submit a quote form there.

Choose an insurance agent wisely

If you would like to find a reliable insurance agency, there are a couple of different agency structures that differ in how they can insure your vehicles. Car insurance agencies are classified as either exclusive or independent (non-exclusive).

Independent Agents (or Brokers)

Independent agencies are not employed by one company and that is an advantage because they can write policies through many companies and find you the best rates. If your premiums go up, they simply move the coverage in-house and the insured can keep the same agent.

When comparing car insurance prices, you need to get rate quotes from multiple independent agents for the best price selection. Most independent agents also contract with small mutual carriers that may have much lower rates than larger companies.

Shown below are Oklahoma City independent insurance agencies that may be able to provide rate quotes.

• Courtesy Insurance Agency
  324 W Hefner Rd – Oklahoma City, OK 73114 – (405) 755-4571 – View Map
• Oklahoma Insurance Center Inc
  538 E Memorial Rd – Oklahoma City, OK 73114 – (405) 608-4422 – View Map
• Premier Insurance
  3232 W Britton Rd # 150 – Oklahoma City, OK 73120 – (405) 285-4040 – View Map

More Oklahoma City agents

Exclusive Insurance Agencies

Exclusive agents normally can only provide a single company’s rates and examples are Farmers Insurance and State Farm. Exclusive agents cannot place coverage with different providers so you might not find the best rates. Exclusive agents receive a lot of sales training in insurance sales which helps them sell insurance even at higher premiums. Many people buy from the same agent for years mostly because of the brand rather than having the cheapest rates.

Below is a list of exclusive insurance agents in Oklahoma City willing to provide price quote information.

• Matt Pryor – State Farm Insurance Agent
  2229 NW 138th St d – Oklahoma City, OK 73134 – (405) 749-8100 – View Map
• Mai McCoy – State Farm Insurance Agent
  2800 N Classen Blvd #105 – Oklahoma City, OK 73106 – (405) 524-3327 – View Map
• Rita Wallenberg – State Farm Insurance Agent
  2833 SW 119th St – Oklahoma City, OK 73170 – (405) 691-2464 – View Map

More Oklahoma City agents

Selecting an auto insurance agent should depend on more than just the bottom line cost. These questions are important to ask:

• What company do they have the most business with?
• Will the agent or a CSR service your policy?
• Where would glass claims be handled in Oklahoma City?
• Will vehicle repairs be made with aftermarket parts or OEM replacement parts?
• How would your car be valued if totaled?
• Do they have any clout with companies to ensure a fair claim settlement?
• What kind of financial rating does the company have?

Once you have received good responses and an acceptable price quote, you have narrowed it down to an insurance agent that is reputable and can adequately provide car insurance. Just remember you are able to terminate your policy at any point so never assume you are locked into any specific agency for the full term.

Persistence is the key to affordable rates

You just read a lot of techniques to shop for Chevy Silverado 2500HD insurance online. The key thing to remember is the more quotes you get, the better your comparison will be. You may even discover the lowest rates come from a small local company.

When searching for cheaper Oklahoma City car insurance quotes, do not buy poor coverage just to save money. In too many instances, consumers will sacrifice comprehensive coverage or liability limits and learned later that it was a big error on their part. Your strategy should be to purchase plenty of coverage for the lowest cost while not skimping on critical coverages.

People change insurance companies for many reasons like an unsatisfactory settlement offer, delays in responding to claim requests, high rates after DUI convictions and even unfair underwriting practices. No matter why you want to switch, finding the right auto insurance provider is not as hard as you think.

Additional information can be read below:

• Credit Impacts Car Insurance Rates (State Farm)
• New head restraint design cuts injuries (Insurance Institute for Highway Safety)
• Neck Injury FAQ (iihs.org)
• Auto Insurance 101 (About.com)
• Older Driver Statistics (Insurance Information Institute)