Regrettably, the vast majority of consumers have remained with the same insurance company for at least four years, and nearly 40% of drivers have never shopped around. Many consumers in the United States could save approximately $859 each year just by comparing rates, but they feel it's too difficult to find affordable insurance by shopping around.
The best way to get cheaper auto insurance rates in Santa Ana is to do an annual price comparison from different companies who sell auto insurance in California. You can shop around by following these guidelines.
- Take a few minutes and learn about how insurance works and the changes you can make to prevent expensive coverage. Many policy risk factors that increase rates like at-fault accidents and a substandard credit score can be controlled by making lifestyle changes or driving safer.
- Quote rates from direct, independent, and exclusive agents. Exclusive and direct companies can give quotes from one company like GEICO and Allstate, while agents who are independent can quote prices from multiple companies. View prices
- Compare the price quotes to your existing rates to see if you can save by switching companies. If you find a lower rate quote and decide to switch, verify that coverage does not lapse between policies.
One thing to remember is to use the same physical damage deductibles and liability limits on every quote and and to look at every company you can. Doing this enables a fair rate comparison and a thorough selection of prices.
Chevy Silverado 2500HD insurance rates and statistics
The rate table shown next showcases a range of insurance costs for Chevy Silverado 2500HD models. Learning a little about how prices are calculated can assist in making decisions when shopping your coverage around.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Silverado 2500HD LT Crew Cab 4WD||$186||$362||$424||$26||$126||$1,124||$94|
|Silverado 2500HD LT Crew Cab 2WD||$186||$418||$480||$28||$144||$1,256||$105|
|Silverado 2500HD LTZ Crew Cab 4WD||$186||$362||$424||$26||$126||$1,124||$94|
|Silverado 2500HD LT Crew Cab Diesel 4WD||$206||$418||$424||$26||$126||$1,200||$100|
|Silverado 2500HD LT Crew Cab Diesel 2WD||$206||$418||$480||$28||$144||$1,276||$106|
|Silverado 2500HD LT Extended Cab Diesel 2WD||$206||$418||$480||$28||$144||$1,276||$106|
|Silverado 2500HD LTZ Crew Cab 2WD||$206||$418||$480||$28||$144||$1,276||$106|
|Silverado 2500HD LTZ Crew Cab Diesel 4WD||$206||$418||$424||$26||$126||$1,200||$100|
|Silverado 2500HD LTZ Crew Cab Diesel 2WD||$206||$472||$480||$28||$144||$1,330||$111|
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Data variables include married male driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and California minimum liability limits. Discounts applied include claim-free, multi-policy, multi-vehicle, homeowner, and safe-driver. Price estimates do not factor in garaging location in Santa Ana which can influence premium rates substantially.
Auto insurance rates are higher with tickets and accidents
The diagram below shows how violations and accidents can increase Chevy Silverado 2500HD insurance prices for different age groups. The information is based on a married male driver, full physical damage coverage, $250 deductibles, and no discounts are taken into consideration.
Auto insurance cost for men versus women in Santa Ana
The chart below illustrates the difference between Chevy Silverado 2500HD car insurance rates for male and female drivers. The price estimates are based on no claims or driving citations, full physical damage coverage, $100 deductibles, drivers are single, and no discounts are taken into consideration.
Chevrolet Silverado 2500HD liability-only versus full coverage
The chart below shows the comparison of Chevy Silverado 2500HD insurance costs with full physical damage coverage compared to only buying the minimum liability limits required in California. The rate quotes are based on no accidents, no driving violations, $500 deductibles, drivers are single, and no discounts are applied to the premium.
When to drop comp and collision
There is no definitive rule for phasing out physical damage coverage on your policy, but there is a general school of thought. If the yearly cost of comp and collision coverage is more than around 10% of the replacement cost of your vehicle minus the policy deductible, then you may want to consider only buying liability coverage.
For example, let's pretend your Chevy Silverado 2500HD replacement cost is $3,000 and you have $1,000 policy deductibles. If your vehicle is destroyed, the most you would get paid by your company is $2,000 after paying your deductible. If premium cost is more than $200 a year for physical damage coverage, then you might want to think about dropping full coverage.
There are a few cases where eliminating full coverage is not a good idea. If you still owe money on your vehicle, you are required to maintain full coverage in order to keep the loan. Also, if your finances do not allow you to purchase a different vehicle in the event your current vehicle is totaled, you should keep full coverage.
Auto insurance coverages
Knowing the specifics of your insurance policy can help you determine appropriate coverage and proper limits and deductibles. Insurance terms can be confusing and nobody wants to actually read their policy.
Liability car insurance
Liability insurance provides protection from injuries or damage you cause to people or other property by causing an accident. It protects YOU from legal claims by others. Liability doesn't cover your own vehicle damage or injuries.
It consists of three limits, bodily injury per person, bodily injury per accident and property damage. You might see values of 15/30/5 which stand for $15,000 bodily injury coverage, a limit of $30,000 in injury protection per accident, and $5,000 of coverage for damaged property.
Liability coverage protects against things such as legal defense fees, repair bills for other people's vehicles, loss of income, bail bonds and repair costs for stationary objects. The amount of liability coverage you purchase is up to you, but it's cheap coverage so purchase as much as you can afford. California requires minimum liability limits of 15/30/5 but drivers should carry higher limits.
The next chart shows why minimum state limits may not be high enough to adequately cover claims.
Medical payments and PIP coverage
Med pay and PIP coverage kick in for immediate expenses like ambulance fees, X-ray expenses and doctor visits. They can be utilized in addition to your health insurance policy or if you are not covered by health insurance. 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. Personal injury protection coverage is not available in all states and gives slightly broader coverage than med pay
Auto collision coverage
This pays for damage to your Silverado 2500HD caused by collision with another car or object. You first must pay a deductible then your collision coverage will kick in.
Collision can pay for claims such as colliding with another moving vehicle, backing into a parked car and driving through your garage door. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from vehicles that are older. Another option is to bump up the deductible on your Silverado 2500HD to save money on collision insurance.
Comprehensive auto coverage
Comprehensive insurance coverage will pay to fix damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible and then insurance will cover the rest of the damage.
Comprehensive can pay for things such as damage from getting keyed, damage from a tornado or hurricane and hail damage. The maximum amount a insurance company will pay at claim time is the cash value of the vehicle, so if the vehicle's value is low it's not worth carrying full coverage.
UM/UIM (Uninsured/Underinsured Motorist) coverage
This coverage protects you and your vehicle when other motorists either have no liability insurance or not enough. Covered claims include medical payments for you and your occupants as well as your vehicle's damage.
Since many California drivers only purchase the least amount of liability that is required (which is 15/30/5), their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is important protection for you and your family.
Find cheaper insurance prices by comparing often
You just learned many ideas to reduce Chevy Silverado 2500HD insurance prices online in Santa Ana. The key concept to understand is the more price quotes you have, the higher the chance of saving money. You may even discover the most savings is with a small local company.
Some insurance providers do not offer the ability to get quotes online and many times these small, regional companies only sell coverage through independent agents. Affordable Chevy Silverado 2500HD insurance in Santa Ana can be purchased from both online companies in addition to many Santa Ana insurance agents, and you should compare rates from both in order to have the best chance of saving money.
When buying insurance coverage, it's a bad idea to buy poor coverage just to save money. Too many times, an insured cut full coverage and learned later they didn't purchase enough coverage. Your focus should be to purchase a proper amount of coverage at an affordable rate, but don't skip important coverages to save money.
Even more information can be read in the articles below:
- Automakers compete to add autobraking (Insurance Institute for Highway Safety)
- What Insurance is Cheapest for High Mileage Drivers in Santa Ana? (FAQ)
- Who Has Affordable Santa Ana Car Insurance Rates for State Employees? (FAQ)
- Prepare your Teens for Safe Driving (InsureUonline.org)
- Determining Auto Insurance Rates (GEICO)
- Liability Insurance Coverage (Nationwide)
- Auto Crash Statistics (Insurance Information Institute)