Astonishing but true, a large majority of consumers have purchased from the same company for a minimum of four years, and nearly half have never quoted rates to find affordable coverage. Most drivers in Nebraska could save themselves about 30% a year just by shopping around, but they don’t invest the time required to save money by comparing rate quotes.
It takes a few minutes, but the best way to find cheaper prices for auto insurance rates in Lincoln is to start comparing rates regularly from providers in Nebraska. You can shop around by completing these steps.
- Take a little time to learn about the different coverages in a policy and the measures you can control to prevent rate increases. Many rating factors that result in higher rates such as speeding and a less-than-favorable credit score can be amended by improving your driving habits or financial responsibility.
- Get rate quotes from exclusive agents, independent agents, and direct providers. Exclusive agents and direct companies can only give prices from one company like Progressive or Farmers Insurance, while agents who are independent can provide price quotes from multiple insurance companies.
- Compare the quotes to your existing rates and determine if cheaper Silverado 3500HD coverage is available. If you find better rates and decide to switch, make sure there is no lapse between the expiration of your current policy and the new one.
- Give notification to your agent or company of your decision to cancel your current auto insurance policy and submit the signed application along with the required initial payment to your new company or agent. As soon as you can, keep your new certificate verifying coverage in a readily accessible location in your vehicle.
The key thing to remember is to make sure you enter identical deductibles and limits on every quote request and and to get rates from every company you can. This ensures a fair price comparison and a thorough selection of prices.
The following companies are ready to provide free rate quotes in Nebraska. To buy the cheapest auto insurance in Nebraska, it’s highly recommended you visit as many as you can to get the cheapest price.
Car insurance analysis for a Chevy Silverado 3500HD
The coverage table displayed below outlines different coverage costs for Chevy Silverado 3500HD models. Understanding how insurance policy rates are established can help you make decisions when choosing a new policy provider.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Silverado 3500HD LT Crew Cab 4WD||$200||$410||$506||$30||$152||$1,298||$108|
|Silverado 3500HD LT Extended Cab 4WD||$200||$410||$506||$30||$152||$1,298||$108|
|Silverado 3500HD LT Crew Cab 2WD||$200||$356||$404||$24||$122||$1,106||$92|
|Silverado 3500HD LTZ Crew Cab 2WD||$220||$356||$404||$24||$122||$1,126||$94|
|Silverado 3500HD LT Crew Cab Diesel 2WD||$220||$410||$404||$24||$122||$1,180||$98|
|Silverado 3500HD LTZ Crew Cab Diesel 2WD||$220||$410||$404||$24||$122||$1,180||$98|
|Get Your Own Custom Quote Go|
Data variables include single female driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Nebraska minimum liability limits. Discounts applied include multi-policy, safe-driver, multi-vehicle, homeowner, and claim-free. Rate quotes do not factor in specific location which can lower or raise rates substantially.
Liability only or full coverage
The information below illustrates the comparison of Chevy Silverado 3500HD insurance prices when comparing full coverage to state minimum liability only. The premiums are based on no claims or driving citations, $100 deductibles, single marital status, and no discounts are applied to the premium.
Guidelines for eliminating full coverage
There is no definitive guideline that works best for making the decision to drop full coverage on your policy, but there is a general convention. If the annual cost of your full coverage insurance is more than around 10% of the settlement you would receive from your company, then you might want to think about dropping full coverage.
For example, let’s say your Chevy Silverado 3500HD replacement value is $8,000 and you have $1,000 physical damage deductibles. If your vehicle is severely damaged, the most your company would pay you is $7,000 after paying the physical damage deductible. If you are paying over $700 annually for full coverage, then you may need to consider dropping full coverage.
There are some cases where dropping full coverage is not in your best interest. If you haven’t paid off your loan, you have to keep full coverage as part of the loan conditions. Also, if you don’t have enough money to buy a different vehicle if your current one is damaged, you should maintain full coverage.
Six Things That Impact Your Insurance Premiums
A large part of saving on car insurance is knowing some of the factors that are used to determine your car insurance rates. When you know what positively or negatively positively or negatively impacts your premiums, this allows you to make good choices that could help you find much lower annual insurance costs.
The following are some of the items car insurance companies consider when setting your rates.
- Cheaper rates with high physical damage deductibles – Protection for physical damage, also known as collision and other-than-collision, covers your vehicle from damage. Some coverage claims could be a broken side mirror, hail damage, and damage caused by flying debris. The deductibles you choose define how much you are required to pay if you file a covered claim. The more expense the insured has to pay upfront, the lower your rates will be.
- Frequent car insurance claims will cost more – Insurance companies in Nebraska give cheaper rates to insureds that do not abuse their auto insurance. If you frequently file small claims, you can definitely plan on much higher rates or policy non-renewal. Your insurance policy is designed for major claims that would cause financial hardship.
- Get hitched and pay less – Having a significant other may cut your premiums when shopping for car insurance. Having a significant other means you’re more mature and responsible and it’s proven that being married results in fewer claims.
Traffic violations can increase premiums – Getting just one speeding ticket can boost insurance rates substantially. Drivers with clean records pay less for auto insurance as compared to those with violations. Drivers who have gotten severe violations like reckless driving or DUI may need to maintain a SR-22 with their state motor vehicle department in order to drive a vehicle legally.
The information below illustrates how speeding tickets and accident claims impact Chevy Silverado 3500HD car insurance costs for different categories of driver ages. The premium estimates are based on a single female driver, full physical damage coverage, $100 deductibles, and no additional discounts are factored in.
Men pay more for insurance coverage – Over the last 30 years, statistics show women tend to be less risk to insure than men. This data doesn’t prove that females are better at driving than males. Women and men tend to get into accidents at a similar rate, but the men cause more damage and cost insurance companies more money. Men also statistically get higher numbers of serious violations like DUI and reckless driving. Young males tend to get in the most accidents and therefore have the most expensive car insurance rates.
The chart below visualizes the comparison of Chevy Silverado 3500HD yearly insurance costs for male and female drivers. The premium estimates are based on no violations or accidents, full coverage, $250 deductibles, single marital status, and no discounts are applied.
Younger vs. mature drivers – Drivers with little experience are statistically shown to be more careless when driving so car insurance rates are higher. Parents adding a beginning driver to your car insurance policy can really hurt. More mature drivers are viewed as being more responsible, tend to file fewer claims, and usually have better credit.
The next chart uses these assumptions: single driver, full coverage with $100 deductibles, and no discounts or violations.
Three reasons to not skimp on insurance
Even though Lincoln Silverado 3500HD insurance rates can get expensive, maintaining insurance may be required for several reasons.
- The majority of states have minimum mandated liability insurance limits which means it is punishable by state law to not carry a minimum amount of liability coverage in order to get the vehicle licensed. In Nebraska these limits are 25/50/25 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
- If you have a loan on your Silverado 3500HD, it’s most likely the lender will require you to have insurance to ensure the loan is repaid in case of a total loss. If coverage lapses or is canceled, the lender will be forced to insure your Chevy for a much higher rate and require you to reimburse them much more than you were paying before.
- Insurance protects both your assets and your Chevy. It will also provide coverage for all forms of medical expenses incurred in an accident. One policy coverage, liability insurance, will also pay for a defense attorney if you are sued as the result of your driving. If your car is damaged in a storm or accident, comprehensive and/or collision insurance will pay all costs to repair after the deductible has been paid.
The benefits of buying enough insurance outweigh the cost, especially when you need to use it. According to a survey of 1,000 drivers, the average driver is currently overpaying as much as $750 every year so it’s very important to do a rate comparison each time the policy renews to be sure current rates are still competitive.