2003 Chevrolet Tahoe Insurance Rates – 6 Savings Tips

Online rate comparisons for cheap insurance can be difficult if you have never used online rate quotes. But relax because comparing rates is actually very simple.

Finding the best rates is easy if you know what you’re doing. If you currently have a car insurance policy, you stand a good chance to be able to lower your premiums substantially using these techniques. But drivers must understand the methods companies use to market on the web and apply this information to your search.

The easiest way to compare car insurance company rates is to realize most larger insurance companies will pay a fee to give you rate quotes. All consumers are required to do is provide information including your credit rating estimate, if you lease or own, deductibles desired, and what your job is. That rating data is submitted instantly to insurance companies and you will receive price estimates instantly to find the best rate.

To start a rate quote now, click here and complete the form.

Six discounts to earn affordable insurance coverage rates

Companies offering auto insurance don’t always list every discount very well, so we took the time to find both well-publicized and the harder-to-find credits available to you.

• Accident Free – Insureds who avoid accidents and claims are rewarded with significantly better rates on insurance quote as opposed to accident-prone drivers.
• Full Payment Discount – By paying your policy upfront instead of monthly or quarterly installments you may have a lower total premium amount.
• Savings for New Vehicles – Buying a new car model can get you a discount because new vehicles have to meet stringent safety requirements.
• Telematics Data – Drivers who elect to allow driving data submission to analyze where and when they drive by using a small device installed in their vehicle such as In-Drive from State Farm or Allstate’s Drivewise system could possibly reduce rates as long as they are good drivers.
• Driver Education Discount – Have your child enroll in driver’s education as it will make them better drivers and lower rates.
• Defensive Driver Discounts – Taking part in a driver safety class could possibly earn you a 5% discount if you qualify.

One thing to note about discounts is that most discount credits are not given to the overall cost of the policy. Most cut individual premiums such as comprehensive or collision. Even though it appears you would end up receiving a 100% discount, company stockholders wouldn’t be very happy.

Companies and a selection of discounts are:

• Geico offers discounts for emergency military deployment, driver training, federal employee, daytime running lights, multi-vehicle, and military active duty.
• Mercury Insurance may offer discounts for location of vehicle, multi-car, accident-free, anti-theft, good student, age of vehicle, and annual mileage.
• Farmers Insurance has savings for bundle discounts, early shopping, teen driver, youthful driver, homeowner, and distant student.
• Auto-Owners Insurance policyholders can earn discounts including company car, teen driver, anti-theft, paperless, mature driver, safe vehicle, and paid in full.
• Liberty Mutual may have discounts that include exclusive group savings, new vehicle discount, teen driver discount, new move discount, new graduate, and newly retired.
• SAFECO discounts include teen safety rewards, drive less, bundle discounts, homeowner, teen safe driver, and accident prevention training.
• Progressive has discounts for online signing, online quote discount, continuous coverage, multi-vehicle, and good student.
• USAA may include discounts for defensive driver, military installation, driver training, safe driver, multi-vehicle, multi-policy, and loyalty savings.

If you are trying to find the cheapest insurance quotes, ask every insurance company how you can save money. Some of the discounts discussed earlier may not be available in your area. To view companies that offer discounts, click here to view.

Tailor your insurance coverage to you

When it comes to choosing the right insurance coverage, there isn’t really a “best” method to buy coverage. Every situation is different.

Here are some questions about coverages that can aid in determining if your insurance needs might need an agent’s assistance.

• Does my insurance cover my expensive audio equipment?
• Should I buy additional glass protection?
• Can I rate high risk drivers on liability-only vehicles?
• Am I covered if I crash into my own garage door?
• Am I covered when driving in Canada or Mexico?
• When should I buy a commercial auto policy?

If you can’t answer these questions but you know they apply to you then you might want to talk to an agent. To find an agent in your area, take a second and complete this form.

Insurance ads are enticing

Insurance providers like State Farm, Geico and Progressive seem to constantly run ads in print and on television. They all seem to advertise claims that drivers will save a bundle after switching your policy. How is it possible that every company can give you a lower rate?

Most companies have an ideal profile for the driver that will be a good risk. For example, a preferred risk may be a mature driver, has no claims, and drives a vehicle with a low ISO rating. Any driver that meets those criteria will qualify for the lowest premium rates as well as cut their rates substantially.

Potential insureds who don’t meet these standards may receive higher rates which results in the prospect going elsewhere. The ads state “people who switch” but not “all drivers who get quotes” can save as much as they claim. That’s why insurance companies can advertise the savings. Because of these techniques, drivers must do a quote comparison often. Because you never know with any certainty which company will be your best fit.

Detailed coverages of your auto insurance policy

Knowing the specifics of a auto insurance policy can help you determine the right coverages at the best deductibles and correct limits. Policy terminology can be confusing and even agents have difficulty translating policy wording.

Liability insurance

Liability coverage protects you from damage that occurs to other’s property or people that is your fault. It protects you from claims by other people. It does not cover your injuries or vehicle damage.

It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see limits of 25/50/25 which means $25,000 bodily injury coverage, a limit of $50,000 in injury protection per accident, and a total limit of $25,000 for damage to vehicles and property.

Liability coverage pays for things like attorney fees, medical expenses, bail bonds and court costs. How much liability should you purchase? That is a personal decision, but consider buying as much as you can afford.

Comprehensive coverage

Comprehensive insurance pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive coverage pays for claims like theft, hitting a deer, vandalism and hitting a bird. The maximum payout you’ll receive from a claim is the actual cash value, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Collision protection

Collision coverage pays for damage to your Tahoe resulting from colliding with another car or object. You will need to pay your deductible and then insurance will cover the remainder.

Collision can pay for things like rolling your car, crashing into a ditch and colliding with a tree. This coverage can be expensive, so consider dropping it from vehicles that are 8 years or older. You can also increase the deductible in order to get cheaper collision rates.

Uninsured/Underinsured Motorist coverage

Uninsured or Underinsured Motorist coverage provides protection from other drivers when they either have no liability insurance or not enough. Covered losses include hospital bills for your injuries and damage to your 2003 Chevy Tahoe.

Due to the fact that many drivers have only the minimum liability required by law, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages should not be overlooked.

Medical payments coverage and PIP

Medical payments and Personal Injury Protection insurance provide coverage for expenses for funeral costs, doctor visits, EMT expenses and dental work. They are used to fill the gap from your health insurance policy or if you do not have health coverage. It covers both the driver and occupants as well as being hit by a car walking across the street. PIP coverage is only offered in select states and may carry a deductible

Power to the consumer

Drivers switch companies for many reasons like an unsatisfactory settlement offer, delays in paying claims, lack of trust in their agent or high prices. It doesn’t matter why you want to switch choosing a new insurance company is pretty easy and you might even save some money in the process.

As you restructure your insurance plan, do not reduce needed coverages to save money. There are many occasions where an insured cut liability limits or collision coverage only to find out that they should have had better coverage. The aim is to purchase plenty of coverage at the best price, but don’t skip important coverages to save money.

Cheap 2003 Chevy Tahoe insurance is possible on the web as well as from independent agents, so you should be comparing quotes from both so you have a total pricing picture. Some insurance providers may not have online rate quotes and usually these regional insurance providers sell through independent agents.

Additional learning opportunities

• Auto Crash Statistics (Insurance Information Insitute)
• Five Tips to Save on Auto Insurance (Insurance Information Insitute)
• A Tree Fell on Your Car: Now What? (Allstate)
• What is a Telematics Device? (Allstate)
• What is Covered by GAP Insurance? (Allstate)