Save Money on Chevy Silverado 2500HD Insurance in Newark

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Insurance quote for Chevy Silverado 2500HD in NewarkNo one in their right mind likes paying for auto insurance, in particular when they are paying too much.

Unimaginable but true, most auto insurance policyholders have stayed with the same insurance company for a minimum of four years, and roughly 40% of drivers have never shopped around. Many consumers in New Jersey can cut their rates by up to 40% a year by just shopping around, but they just assume it takes a lot of time to shop around.

Steps to buying low-cost Chevy Silverado 2500HD insurance in Newark

The best way we recommend to find low-cost auto insurance rates in Newark is to compare prices annually from companies in New Jersey.

Step 1: Spend a few minutes and learn about how companies price auto insurance and the measures you can take to prevent expensive coverage. Many policy risk factors that increase rates such as traffic citations, accidents, and a less-than-favorable credit score can be rectified by making minor changes to your lifestyle. Later in this article we will cover more ideas to find cheap prices and get bigger discounts.

Step 2: Compare price quotes from independent agents, exclusive agents, and direct companies. Direct and exclusive agents can only give rate quotes from a single company like GEICO and Allstate, while independent agencies can provide price quotes from multiple sources. Get quotes now

Step 3: Compare the new rate quotes to your current policy and determine if there is any savings. If you can save money, make sure there is no lapse in coverage.

Step 4: Give proper notification to your current agent or company of your intent to cancel your current auto insurance policy. Submit the signed application along with the required initial payment for your new coverage. As soon as you have the new policy, place the new certificate verifying proof of insurance in your glove compartment.

One bit of advice is that you'll want to compare similar limits and deductibles on each quote request and and to get rate quotes from as many car insurance companies as possible. This helps ensure a fair price comparison and the most accurate and complete price analysis.

Many auto insurance companies compete for your business, and it can be difficult to compare rates to discover the definitive lowest cost out there.

It's a good idea to do price comparisons every six months since insurance rates are variable and change quite frequently. Just because you had the lowest rate on Chevy Silverado 2500HD insurance in Newark a couple years back you will most likely find a better price today. Ignore everything you know about auto insurance because we're going to demonstrate the tricks you need to know to eliminate unnecessary coverages and save money on Chevy Silverado 2500HD insurance in Newark.

If you're already insured or need a new policy, you can use these tips to cut your premiums and possibly find even better coverage. Finding the cheapest insurance coverage in Newark is not that difficult as long as you know where to start. Drivers just need to know the fastest way to compare company rates online.

Best companies for Chevy Silverado 2500HD insurance

The companies shown below are ready to provide free quotes in New Jersey. In order to find the best cheap car insurance in Newark, NJ, we recommend you click on several of them in order to get a fair rate comparison.

Car insurance analysis for a Chevy Silverado 2500HD

The premium information shown next covers estimates of policy rates for Chevy Silverado 2500HD models. Having knowledge of how insurance rates are formulated is important to be able to make decisions on which insurance to purchase.

Chevrolet Silverado 2500HD Insurance Rates in Newark, NJ
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Silverado 2500HD LT Crew Cab 4WD $310 $548 $496 $30 $148 $1,532 $128
Silverado 2500HD LT Crew Cab 2WD $310 $630 $560 $34 $168 $1,702 $142
Silverado 2500HD LTZ Crew Cab 4WD $310 $548 $496 $30 $148 $1,532 $128
Silverado 2500HD LT Crew Cab Diesel 4WD $346 $630 $496 $30 $148 $1,650 $138
Silverado 2500HD LT Crew Cab Diesel 2WD $346 $630 $560 $34 $168 $1,738 $145
Silverado 2500HD LT Extended Cab Diesel 2WD $346 $630 $560 $34 $168 $1,738 $145
Silverado 2500HD LTZ Crew Cab 2WD $346 $630 $560 $34 $168 $1,738 $145
Silverado 2500HD LTZ Crew Cab Diesel 4WD $346 $630 $496 $30 $148 $1,650 $138
Silverado 2500HD LTZ Crew Cab Diesel 2WD $346 $712 $560 $34 $168 $1,820 $152
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Data based on married male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and New Jersey minimum liability limits. Discounts applied include claim-free, homeowner, safe-driver, multi-vehicle, and multi-policy. Price estimates do not factor in your specific Newark location which can increase or decrease insurance rates considerably.

Deductible analysis

A question often asked by Newark drivers is how high should the physical damage deductibles be. The data tables below outline the rate difference when you choose different policy deductibles. The first set of prices uses a $250 physical damage deductible and the second price table uses a $1,000 deductible.

Chevrolet Silverado 2500HD insurance premium rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Silverado 2500HD LT Crew Cab 4WD $420 $738 $480 $28 $144 $1,835 $153
Silverado 2500HD LT Crew Cab 2WD $420 $848 $544 $32 $162 $2,031 $169
Silverado 2500HD LTZ Crew Cab 4WD $420 $738 $480 $28 $144 $1,835 $153
Silverado 2500HD LT Crew Cab Diesel 4WD $466 $848 $480 $28 $144 $1,991 $166
Silverado 2500HD LT Crew Cab Diesel 2WD $466 $848 $544 $32 $162 $2,077 $173
Silverado 2500HD LT Extended Cab Diesel 2WD $466 $848 $544 $32 $162 $2,077 $173
Silverado 2500HD LTZ Crew Cab 2WD $466 $848 $544 $32 $162 $2,077 $173
Silverado 2500HD LTZ Crew Cab Diesel 4WD $466 $848 $480 $28 $144 $1,991 $166
Silverado 2500HD LTZ Crew Cab Diesel 2WD $466 $960 $544 $32 $162 $2,189 $182
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Chevrolet Silverado 2500HD insurance premium rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Silverado 2500HD LT Crew Cab 4WD $258 $464 $480 $28 $144 $1,374 $115
Silverado 2500HD LT Crew Cab 2WD $258 $534 $544 $32 $162 $1,530 $128
Silverado 2500HD LTZ Crew Cab 4WD $258 $464 $480 $28 $144 $1,374 $115
Silverado 2500HD LT Crew Cab Diesel 4WD $288 $534 $480 $28 $144 $1,474 $123
Silverado 2500HD LT Crew Cab Diesel 2WD $288 $534 $544 $32 $162 $1,560 $130
Silverado 2500HD LT Extended Cab Diesel 2WD $288 $534 $544 $32 $162 $1,560 $130
Silverado 2500HD LTZ Crew Cab 2WD $288 $534 $544 $32 $162 $1,560 $130
Silverado 2500HD LTZ Crew Cab Diesel 4WD $288 $534 $480 $28 $144 $1,474 $123
Silverado 2500HD LTZ Crew Cab Diesel 2WD $288 $604 $544 $32 $162 $1,630 $136
Get Your Own Custom Quote Go

Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, and New Jersey minimum liability limits. Discounts applied include safe-driver, claim-free, multi-policy, homeowner, and multi-vehicle. Rate information does not factor in specific zip code location which can change insurance rates greatly.

Based on this data, we can arrive at the conclusion that using a $250 deductible could cost the average driver approximately $42 more each month or $504 each year averaged for all Silverado 2500HD models than choosing the higher $1,000 deductible. Because you would pay $750 more to file a claim with a $1,000 deductible as compared to a $250 deductible, if you usually have more than 18 months between claim filings, you would save money by selecting a higher deductible. The table below shows the way you can perform this determination yourself.

Average monthly premium for $250 deductibles: $168
Average monthly premium for $1,000 deductibles (subtract): - $126
Monthly savings from raising deductible: $42
Difference between deductibles ($1,000 - $250): $750
Divide difference by monthly savings: $750 / $42
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 18 months

An important sidenote is that raising deductibles to get cheaper rates means you will have to pay more when you do file a claim. That will require some extra savings in order to pay more to get your vehicle repaired.

Full coverage rates vs. liability-only in Newark

The illustration below illustrates the difference between Chevy Silverado 2500HD insurance costs when comparing full coverage to liability only. The premiums assume no claims or violations, $1,000 deductibles, single marital status, and no discounts are applied to the premium.

When to drop full coverage

There is no definitive guideline of when to drop comp and collision coverage, but there is a broad guideline. If the yearly cost of comp and collision coverage is more than 10% of any settlement you would receive from your insurance company, the it may be a good time to stop paying for full coverage.

For example, let's say your Chevy Silverado 2500HD book value is $4,000 and you have $1,000 full coverage deductibles. If your vehicle is destroyed, you would only receive $3,000 after paying the physical damage deductible. If you are paying over $300 annually to have full coverage, then you may need to consider dropping full coverage.

There are a few situations where buying only liability insurance 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 requirements. Also, if you cannot afford to purchase a different vehicle if your current one is in an accident, you should not buy liability only.

You may qualify for discounts for Chevy Silverado 2500HD insurance in Newark

Companies offering auto insurance don't list the complete list of policy discounts in a way that's easy to find, so the list below details some of the best known and also the lesser-known discounts that you can inquire about if you buy Newark car insurance online. If they aren't giving you every credit possible, you could be getting lower rates.

  • Good Grades Discount - Excelling in school could provide a savings of up to 20% or more. You can use this discount normally well after school through age 25.
  • Newark Homeowners Discount - Being a homeowner can save a few bucks since owning and maintaining a home requires a higher level of personal finance.
  • Pay Early and Save - By paying your policy upfront instead of monthly or quarterly installments you could save 5% or more.
  • Student Driver Training - Cut your cost by having your teen driver complete a driver education course in school.
  • Discounts for Multiple Vehicles - Insuring multiple vehicles with one company can reduce the rates for all insured vehicles.
  • Theft Deterrent - Vehicles equipped with anti-theft or alarm systems can help prevent theft and qualify for as much as a 10% discount.
  • Drive Less and Save - Driving less can earn substantially lower premium rates.

A quick disclaimer, some credits don't apply to the overall cost of the policy. Most only reduce the price of certain insurance coverages like comprehensive or collision. So when it seems like you would end up receiving a 100% discount, insurance companies wouldn't stay in business. But all discounts will help lower the cost of coverage.

The example below compares Chevy Silverado 2500HD insurance rates with and without policy discounts. The data assumes a female driver, no accidents, no driving violations, New Jersey state minimum liability limits, full physical damage coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, homeowner, claim-free, marriage, safe-driver, and multi-policy discounts applied.

A list of auto insurance companies and a partial list of their discounts can be found below.

  • State Farm offers premium reductions for good driver, good student, accident-free, Drive Safe & Save, safe vehicle, and defensive driving training.
  • GEICO offers discounts for driver training, military active duty, defensive driver, emergency military deployment, and good student.
  • SAFECO has discounts for safe driver, anti-lock brakes, anti-theft, multi-car, teen safety rewards, accident prevention training, and homeowner.
  • Farmers Insurance has savings for good student, mature driver, multi-car, electronic funds transfer, teen driver, youthful driver, and early shopping.
  • AAA policyholders can earn discounts including good student, multi-car, anti-theft, multi-policy, good driver, and education and occupation.
  • USAA includes discounts for annual mileage, multi-policy, new vehicle, driver training, good student, and vehicle storage.

When quoting, ask each company or agent what discounts are available to you. Some discounts listed above may not apply to policyholders in Newark.

Do I need special coverages?

Always keep in mind that when comparing the best insurance coverage, there isn't really a single plan that fits everyone. Each situation is unique and your insurance should unique, too. These are some specific questions might point out whether you could use an agent's help.

  • Should I have combined single limit or split liability limits?
  • Does my insurance cover my expensive audio equipment?
  • Is business equipment covered while in my vehicle?
  • Can I pay claims out-of-pocket if I buy high deductibles?
  • Do I have newly-acquired coverage?
  • Can I get by with minimal medical coverage if I have good health insurance?
  • Can I get a multi-policy discount for packaging my home and auto coverage?
  • When would I need rental car insurance?
  • Does liability extend to a camper or trailer?
  • Do I need more liability coverage?

If you can't answer these questions but a few of them apply, you may need to chat with a licensed insurance agent. If you want to speak to an agent in your area, complete this form or you can go here for a list of companies in your area. It's fast, doesn't cost anything and can provide invaluable advice.

Local agents and auto insurance

Some people still like to buy from a local agent and that can be a great decision Insurance agents are trained to spot inefficiencies and will help you if you have claims. The best thing about price shopping on the web is you may find cheap auto insurance rates and still choose a local agent.

By using this quick form, your insurance coverage information is immediately sent to local insurance agents in Newark who want to provide quotes for your business. There is no reason to find an agent on your own because quoted prices will be sent straight to your inbox. If you have a need to get a price quote from a specific auto insurance provider, just search and find their rate quote page and give them your coverage information.

Finding the right insurer should include more criteria than just the premium amount. Below are some questions you should ask.

  • Do clients work directly with the agent or are most inquiries handled by a CSR?
  • Do they get extra compensation for selling add-on coverages?
  • Does the agency have a good rating with the Better Business Bureau?
  • Do they offer claims assistance after hours?
  • By raising physical damage deductibles, how much would you save?
  • How will an accident affect your rates?

If you want a reputable agency, there are two types of agencies and how they are slightly different. Agents in Newark are classified as either independent or exclusive. Either can provide auto insurance policies, but it's worth mentioning the difference between them since it could factor into your selection of an agent.

Exclusive Agents

Agents of this type normally can only provide a single company's rates such as Allstate, State Farm and Farm Bureau. These agents are not able to provide prices from multiple companies so they are skilled at selling on more than just price. Exclusive agents receive extensive training on their company's products which helps overcome the inability to quote other rates.

The following are exclusive agents in Newark that can give you rate quotes.


217 Chestnut St - Newark, NJ 07105 - (973) 536-2060 - View Map


41 Wilson Ave - Newark, NJ 07105 - (973) 732-2105 - View Map


66 Wilson Ave - Newark, NJ 07105 - (973) 690-6400 - View Map

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Independent Auto Insurance Agencies

These agents can quote rates with many companies and that is an advantage because they can write policies with lots of companies and help determine which has the cheapest rates. If they find a lower price, the agent simply finds a different carrier and that require little work on your part.

If you need cheaper auto insurance rates, you should always compare prices from several independent agencies to maximize your price options.

The following are independent insurance agencies in Newark that can give you rate quotes.


274 Chestnut St - Newark, NJ 07105 - (973) 274-0500 - View Map

Knight Insurance Consulting Group
454 Washington St - Newark, NJ 07102 - (973) 704-1024 - View Map


306 Chestnut St - Newark, NJ 07105 - (973) 344-6203 - View Map

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After you get satisfactory answers to all your questions as well as a affordable price, you have narrowed it down to a car insurance agent that can adequately provide auto insurance.

You can find cheaper coverage

A few companies may not provide internet price quotes and most of the time these smaller providers work with independent agents. The cheapest Chevy Silverado 2500HD insurance in Newark is possible from both online companies in addition to many Newark insurance agents, and you need to comparison shop both to have the best rate selection.

As you shop your coverage around, do not skimp on coverage in order to save money. There are too many instances where someone sacrificed uninsured motorist or liability limits only to discover later that the savings was not a smart move. Your focus should be to find the BEST coverage for the lowest cost while still protecting your assets.

Steps to saving on Chevy Silverado 2500HD insurance in Newark

If you want to save the most money, the best way to get discount Chevy Silverado 2500HD insurance in Newark is to start comparing prices regularly from insurance carriers who sell insurance in New Jersey. You can shop around by following these guidelines.

  1. Try to learn a little about how companies set rates and the modifications you can make to prevent expensive coverage. Many rating criteria that increase rates like traffic citations, accidents, and a negative credit history can be controlled by making minor changes in your lifestyle.
  2. Request rate estimates from independent agents, exclusive agents, and direct companies. Exclusive agents and direct companies can only give rate quotes from a single company like Progressive or Allstate, while agents who are independent can quote rates from many different companies.
  3. Compare the quotes to your existing policy to see if switching to a new carrier will save money. If you can save money and make a switch, make sure the effective date of the new policy is the same as the expiration date of the old one.
  4. Tell your current company to cancel your current policy and submit a down payment along with a completed application for the new coverage. Immediately upon receiving it, put the certificate verifying coverage with your vehicle's registration.

An important part of this process is to use the same level of coverage on each quote and and to get rates from as many different insurance providers as possible. This enables a fair price comparison and a complete price analysis.

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