Compare 2001 Chevrolet Tahoe Car Insurance Cost

Baffled by the dozens of car insurance providers? vehicle owners have such a large number of options that it can be a real difficult job to find the best car insurance rates.

Consumers should take time to price shop coverage every six months since insurance prices are constantly changing. Even if you think you had the lowest rates on Tahoe insurance six months ago the chances are good that you can find a lower premium rate today. Forget all the misinformation about car insurance because you’re about to learn the tricks you need to know to save money, get proper coverage and the best rates.

Insurance discounts are available to cut your rates

Insuring your fleet can be pricey, but you might already qualify for some discounts that could drop your premiums quite a bit. Certain discounts will be applied at the time of purchase, but some must be inquired about before you get the savings.

• Policy Bundle Discount – When you have multiple policies and insure them with the same company you could earn a discount of at least 10% off all policies.
• Passive Restraints – Options like air bags could see savings of more than 20%.
• Savings for New Vehicles – Insuring a vehicle that is new can save up to 30% compared to insuring an older model.
• Seat Belts Save – Drivers who always wear seat belts and also require passengers to fasten their seat belts could save 15% off PIP or medical payments premium.
• Driver Training Discounts – Taking part in a class that teaches safe driver techniques could possibly earn you a 5% discount and easily pay for the cost of the class.
• Driver’s Ed – Cut your cost by having your teen driver complete a driver education course if it’s offered in school.
• Early Switch Discount – Some larger companies provide a discount for buying a new policy prior to your current policy expiring. The savings is around 10%.
• Active Military Service – Being on active duty in the military may lower your rates slightly.
• Multi-car Discount – Drivers who insure multiple cars with the same company may reduce the rate for each vehicle.
• Theft Prevention System – Vehicles that have factory anti-theft systems help deter theft and can earn a small discount on your policy.

Don’t be shocked that many deductions do not apply to your bottom line cost. Most only reduce individual premiums such as liability and collision coverage. So even though it sounds like all the discounts add up to a free policy, that’s just not realistic.

To see insurers that offer discounts, follow this link.

Informed consumers can save money

When buying insurance it’s important to understand a few of the rating criteria that come into play when calculating your policy premiums. When you understand what positively or negatively impacts your premiums, this allows you to make educated decisions that may result in much lower annual insurance costs. Lots of factors are used in the calculation when premium rates are determined. Some are obvious such as traffic violations, but other criteria are less obvious such as your marital status or your financial responsibility.

Listed below are some of the factors used by companies to determine your premiums.

• Frequent insurance claims increase prices – Car insurance companies provide discounts to policyholders who do not file claims often. If you are the type of insured that files lots of claims you can definitely plan on either higher rates or even cancellation. Auto insurance is intended for larger claims.
• Rates can drop if you have more than one policy – Most major insurance companies will award discounts to buyers that purchase more than one policy, otherwise known as a multi-policy discount. Even if you already get this discount, it’s in your best interest to check prices from other companies to verify if the discount is saving money.
• Big cities have higher rates – Residing in small towns and rural areas has it’s advantages when trying to find low car insurance rates. Fewer drivers on the road means fewer accidents and also fewer theft and vandalism claims. People in densly populated areas have traffic congestion and longer commutes to work. Spending more time driving statistically corresponds to a higher accident and claim rate.
• Rate your vehicle for proper use – The more miles you rack up on your Chevy every year the higher your rate. Almost all companies rate vehicles based on how the vehicle is used. Cars and trucks that sit idle most of the time cost less to insure than vehicles that have high annual mileage. Double check that your vehicle rating is rated on the correct usage for each vehicle, because improper ratings can cost you money. Incorrect rating for your Tahoe may be costing you.
• Gender impacts prices – The statistics show females are less aggressive when driving. Now that doesn’t mean men are worse drivers. Females and males cause accidents at a similar rate, but males cause more damage and cost insurance companies more money. Men also statistically receive more major tickets such as driving while intoxicated (DWI) or driving recklessly. Males from age 16 to 21 are several times more likely to be in an accident and therefore have the most expensive insurance rates.
• Cars with good safety ratings cost less to insure – Cars with five star safety ratings cost less to insure. The safest vehicles reduce the chance of injuries and reduced instances of injuries means your insurance company pays less and lower rates for you. If the Chevy Tahoe is rated at a minimum an “acceptable” rating on the Insurance Institute for Highway Safety website you are probably receiving a discount.

Everyone needs different insurance coverage coverages

When buying coverage for your vehicles, there really is not a one size fits all plan. Every situation is different.

These are some specific questions may help highlight whether or not you would benefit from an agent’s advice.

• Is borrowed equipment or tools covered if stolen or damaged?
• What is the difference between comprehensive and collision coverage?
• What should my uninsured motorist coverage limits be in my state?
• Should I have a commercial auto policy?
• Do I need rental car coverage?
• Is my ex-spouse still covered by my policy?
• How does medical payments coverage work?
• Should I waive the damage coverage when renting a car?
• Am I covered by my employer’s commercial auto policy when driving my personal car for business?

If you don’t know the answers to these questions, you might consider talking to an insurance agent. To find an agent in your area, simply complete this short form.

Auto insurance coverages 101

Having a good grasp of a auto insurance policy can be of help when determining the best coverages and proper limits and deductibles. Policy terminology can be ambiguous and reading a policy is terribly boring.

Auto collision coverage

This covers damage to your Tahoe resulting from a collision with another vehicle or an object, but not an animal. You have to pay a deductible then your collision coverage will kick in.

Collision coverage protects against claims like colliding with a tree, crashing into a ditch, sustaining damage from a pot hole and hitting a mailbox. Paying for collision coverage can be pricey, so consider removing coverage from vehicles that are older. It’s also possible to raise the deductible in order to get cheaper collision rates.

Liability coverages

This will cover damage that occurs to other people or property that is your fault. It protects you from legal claims by others, and doesn’t cover your injuries or vehicle damage.

Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see policy limits of 100/300/100 that translate to a limit of $100,000 per injured person, a total of $300,000 of bodily injury coverage per accident, and $100,000 of coverage for damaged propery. Another option is one number which is a combined single limit which provides one coverage limit and claims can be made without the split limit restrictions.

Liability can pay for things like funeral expenses, legal defense fees, court costs and medical services. How much liability coverage do you need? That is your choice, but you should buy higher limits if possible.

Med pay and Personal Injury Protection (PIP)

Coverage for medical payments and/or PIP provide coverage for immediate expenses for X-ray expenses, rehabilitation expenses, nursing services and doctor visits. They can be used to fill the gap from your health insurance policy or if you do not have health coverage. It covers all vehicle occupants and will also cover if you are hit as a while walking down the street. PIP coverage is not an option in every state but it provides additional coverages not offered by medical payments coverage

Comprehensive insurance

Comprehensive insurance coverage pays for damage that is not covered by collision coverage. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage protects against things like rock chips in glass, a tree branch falling on your vehicle and hitting a bird. The most you can receive from a comprehensive claim is the ACV or actual cash value, so if the vehicle’s value is low it’s not worth carrying full coverage.

Uninsured/Underinsured Motorist (UM/UIM)

This coverage protects you and your vehicle when the “other guys” do not carry enough liability coverage. This coverage pays for medical payments for you and your occupants as well as damage to your Chevy Tahoe.

Since a lot of drivers only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage should not be overlooked. Most of the time your uninsured/underinsured motorist coverages are similar to your liability insurance amounts.

The bottom line

A few companies do not provide the ability to get a quote online and many times these smaller providers only sell coverage through independent insurance agents. Cheaper 2001 Chevy Tahoe insurance can be found online and from local agencies, and you should be comparing both to have the best selection.

We covered a lot of information how to shop for 2001 Chevy Tahoe insurance online. The key thing to remember is the more providers you compare, the higher your chance of finding cheaper insurance. Drivers may discover the biggest savings come from some of the smallest insurance companies.

As you go through the steps to switch your coverage, never reduce coverage to reduce premium. There are too many instances where drivers have reduced uninsured motorist or liability limits only to discover later that the few dollars in savings costed them thousands. Your objective should be to purchase plenty of coverage at the best cost.

Even more information is available at these sites:

• Airbag FAQ (iihs.org)
• Can I Drive Legally without Insurance? (Insurance Information Insitute)
• Preventing Carjacking and Theft (Insurance Information Insitute)
• Distracted Driving (Insurance Information Insitute)
• How do I File a Claim? (Insurance Information Insitute)