Save on 2001 Chevrolet Suburban Insurance Rates

Trying to come up with a payment for overpriced auto insurance can bleed your savings and make it hard to pay other bills. Performing a price comparison can save money and help to tighten up your finances.

Many car insurance companies vie to insure your vehicles, and it can be difficult to compare rates to discover the definitive lowest rate

If you are paying for car insurance now, you should be able to reduce your rates substantially using these methods. Buying car insurance is not that difficult. But car owners can benefit from knowing the way insurance companies compete online and take advantage of how the system works.

Use discounts on auto insurance

Auto insurance is neither fun to buy or cheap, but you might be missing out on some discounts to help bring down the price. Many of these discounts will be applied automatically at the time you complete a quote, but a few need to be specifically requested before you will receive the discount. If they aren’t giving you every credit you qualify for, you’re paying more than you need to.

• Own a Home and Save – Simply owning a home can help you save on auto insurance since owning and maintaining a home shows financial diligence.
• Driver Education Discount – Make teen driver coverage more affordable by requiring them to sucessfully take a drivers education course as it will make them better drivers and lower rates.
• Professional Organizations – Affiliation with qualifying employment or professional organizations could trigger savings on your next auto insurance statement.
• Discount for Swiching Early – Some insurance companies reward drivers for switching policies prior to your current policy expiration. Ten percent is about the average savings.
• Auto/Life Discount – Not every insurance company offers life insurance, but if they do you may earn a lower premium rate if you buy a life policy as well.
• Low Mileage – Keeping the miles down on your Chevy may enable drivers to earn better rates on cars that stay parked.
• ABS and Traction Control Discounts – Cars and trucks that have anti-lock braking systems are much safer to drive so companies give up to a 10% discount.
• Bundled Policy Discount – If you can combine your auto and home policy and insure them with the same company you will save approximately 10% to 15%.
• Defensive Driver – Successfully completing a course that instructs on driving safety can save you 5% or more if your company offers it.

Please keep in mind that some of the credits will not apply the the whole policy. Most only apply to specific coverage prices like liability and collision coverage. Even though it may seem like you can get free auto insurance, company stockholders wouldn’t be very happy.

A partial list of companies that may offer quotes with these money-saving discounts include:

• Farm Bureau
• MetLife
• Progressive
• AAA
• American Family
• Geico
• State Farm

If you need lower rates, check with each insurance company how you can save money. All car insurance discounts might not be offered on policies in your area. To view companies with discount auto insurance rates, follow this link.

How to buy car insurance

When shopping for car insurance there are multiple ways to obtain and compare prices from many different insurance companies. The quickest method to find affordable 2001 Chevy Suburban insurance rates is to get quotes online. This can be done using a couple different methods.

1. Experts agree that the best way to get quotes is a comparison rater form like this one (opens in new window). This method saves time by eliminating multiple quote forms to each individual car insurance company. One form submission will return price quotes instantly.
2. A different way to find better pricing requires you to visit each individual company website and go through the quote process again. For examples sake, we’ll assume you want to compare prices for Progressive, Esurance and Allstate. In order to get each rate, you would have to spend time on each company’s site and repeatedly type in your coverage information, which is not fast way to get rate quotes.

   For a list of companies in your area, click here.

3. The least recommended method to compare price estimates to each insurance agency near you. Comparing rates online eliminates this option unless you have a need for the professional advice of a local agent. It is possible to price shop online but buy from a local insurance agent.

You can choose any of those ways to find more affodable coverage, but try to keep exactly the same coverage data for every company. If each company quotes differing limits it’s impossible to determine which company has the best rates. Having just a slight variation in limits can make a big difference in price. And when price shopping your coverage, comparing more rates from different companies gives you a better chance of getting the best price. Not every company allows you to get quotes online, so it’s recommended that you also compare price quotes from them, too.

Lower your insurance costs

Consumers need to have an understanding of some of the factors that go into determining your policy premiums. If you understand what positively or negatively impacts your premiums, this empowers consumers to make smart changes that can help you get better auto insurance rates.

• Consolidate policies with the same company – Most major companies allow discounts for people that have more than one policy in the form of a multi-policy discount. This can amount to 10 percent or more. Even if you’re getting this discount it’s in your best interest to shop around to help guarantee you have the best rates.
• What are your coverage deductibles? – Insurance for physical damage to your car, also called comprehensive and collision insurance, is used to repair damage to your vehicle. Examples of some claims that would be covered are a broken windshield, flood damage, or theft. Comprehensive and collision coverage deductibles define the amount the insured will be required to pay before a claim is paid by your company. The more damage repair cost the insured is willing to pay, the less your company will charge you for insurance on Suburban insurance.
• Why do you need liability? – The liability section of your policy will provide protection in the event that you are responsible for physical damage or personal injury to other. Your policy’s liability insurance provides legal defense coverage which can cost thousands of dollars. Liability insurance is quite affordable compared to comp and collision, so drivers should buy more than the minimum limits required by law.
• Is your vehicle theft-ready? – Owning a car that has a built-in theft deterrent system can save you a little every year. Theft deterrent systems like vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems all aid in stopping your car from being stolen.
• Teen vs. mature drivers – Teenage drivers are known to be inattentive when driving therefore auto insurance rates are much higher. More mature drivers are shown to be more cautious, cost insurance companies less in claims , and usually have better credit.
• Do you need those incidental coverages? – There are quite a few extra bells and whistles that sound like a good idea at the time if you aren’t diligent. Coverages for personal injury protection, accidental death, and Farm Bureau memberships are probably not needed. These coverages may sound good at first, but your money might be better spent on other coverage so consider taking them off your policy.
• Keep auto insurance rates low by being claim-free – If you tend to file frequent claims, you shouldn’t be surprised to get much higher rates or policy non-renewal. Auto insurance companies generally give discounts to people who are claim-free. Auto insurance is meant to be used in the event of major claims that would cause financial hardship.

Tailor your auto insurance coverage to you

When choosing the best auto insurance coverage, there isn’t really a perfect coverage plan. Everyone’s situation is unique and a cookie cutter policy won’t apply. Here are some questions about coverages that might point out if your insurance needs would benefit from an agent’s advice.

• How much underlying liability do I need for an umbrella policy?
• What should my uninsured motorist coverage limits be in my state?
• Do I need to file an SR-22 for a DUI in my state?
• Will I be non-renewed for getting a DUI or other conviction?
• Is pleasure use cheaper than using my 2001 Chevy Suburban to commute?
• What are the financial responsibility laws in my state?

If you’re not sure about those questions but you know they apply to you, you may need to chat with an insurance agent. To find an agent in your area, fill out this quick form or go to this page to view a list of companies.

Truth in car insurance advertising

Car insurance companies such as Allstate and Progressive constantly bombard you with ads on television and other media. They all seem to tend to make the same promise about saving some big amount just by switching your policy. That’s great but how can every company cost less than your current company? This is the way they can do it.

All the different companies have specific criteria for the type of driver that earns them a profit. An example of this type of driver might have to be married and over the age of 30, has a low-risk occupation, and drives less than 7,500 miles a year. Any person that hits that “sweet spot” will qualify for the lowest prices and have a good chance to save some money.

Drivers who don’t qualify for these stringent criteria may be forced to pay higher premium rates which results in the customer not buying. The trick companies use is to say “drivers that switch” not “all people who quote” will save that much if they switch. That is how companies can truthfully advertise the way they do. This really drives home the point why you should do a quote comparison often. It’s not possible to predict which company will have the best auto insurance rates.

Car insurance coverages for a Chevy Suburban

Knowing the specifics of your insurance policy helps when choosing appropriate coverage and proper limits and deductibles. Insurance terms can be ambiguous and nobody wants to actually read their policy. Below you’ll find typical coverages available from insurance companies.

Medical payments coverage and PIP – Coverage for medical payments and/or PIP provide coverage for immediate expenses such as dental work, rehabilitation expenses and surgery. The coverages can be utilized in addition to your health insurance program or if you are not covered by health insurance. They cover all vehicle occupants and also covers if you are hit as a while walking down the street. PIP coverage is only offered in select states and may carry a deductible

Uninsured/Underinsured Motorist coverage – Your UM/UIM coverage gives you protection from other motorists when they are uninsured or don’t have enough coverage. This coverage pays for injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.

Since many drivers only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. So UM/UIM coverage is very important.

Coverage for liability – Liability insurance can cover damage that occurs to a person or their property in an accident. It protects you against claims from other people, and doesn’t cover your own vehicle damage or injuries.

Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see liability limits of 50/100/50 which means a limit of $50,000 per injured person, a per accident bodily injury limit of $100,000, and property damage coverage for $50,000.

Liability coverage pays for things like medical services, funeral expenses, emergency aid, legal defense fees and bail bonds. How much liability coverage do you need? That is up to you, but it’s cheap coverage so purchase as much as you can afford.

Comprehensive coverage – This pays for damage OTHER than collision with another vehicle or object. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for things like damage from flooding, theft, rock chips in glass, hitting a bird and fire damage. The highest amount your insurance company will pay is the cash value of the vehicle, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

Collision coverages – Collision coverage covers damage to your Suburban resulting from colliding with another vehicle or an object, but not an animal. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision insurance covers things like backing into a parked car, damaging your car on a curb, hitting a parking meter and colliding with a tree. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from vehicles that are older. It’s also possible to raise the deductible to save money on collision insurance.

Smart consumers save more

Some insurance companies may not offer the ability to get a quote online and these small insurance companies only sell coverage through independent agencies. Lower-priced 2001 Chevy Suburban insurance is possible both online as well as from independent agents, and you should be comparing both to have the best rate selection.

As you shop your coverage around, it’s very important that you do not buy less coverage just to save a little money. In too many instances, someone sacrificed full coverage only to regret at claim time that the few dollars in savings costed them thousands. Your objective should be to get the best coverage possible at the best possible price but still have enough coverage for asset protection.

To read more, link through to the following helpful articles:

• Senior Drivers (Insurance Information Insitute)
• Side Impact Crash Tests (iihs.org)
• Choosing an Insurance Company (Insurance Information Insitute)
• How Does Hitting a Deer Impact Insurance Rates? (Allstate)
• What if I Can’t Find Coverage? (Insurance Information Insitute)