2007 Chevrolet Tahoe Insurance Rates

Being forced to pay for expensive car insurance premiums can stress out your accounts and force you to tighten up your finances. Because there are so many car insurance companies to choose from, it can be hard to pick the cheapest insurer.

You should make it a habit to price shop coverage quite often because insurance prices are rarely the same from one policy term to another. Just because you had the lowest rates on Tahoe coverage a few years ago there may be better deals available now. Ignore everything you know about car insurance because you’re about to learn the only way to properly buy coverages while reducing your premium.

Finding affordable coverage is not rocket science. If you have a current car insurance policy or need a new policy, you can use these techniques to reduce the price you pay and possibly find even better coverage. Drivers just need to understand the tricks to compare price quotes on the web.

Discounts can really help lower premiums

Properly insuring your vehicles can get expensive, but there’s a good chance there are discounts to reduce the price significantly. Some discounts apply automatically at the time of purchase, but some need to be asked about prior to receiving the credit.

• Military Deployment Discount – Being on active duty in the military could trigger a small discount.
• Early Payment Discounts – If paying your policy premium upfront as opposed to paying monthly you may have a lower total premium amount.
• Driver’s Education for Students – Make teen driver coverage more affordable by requiring them to successfully complete driver’s ed class if offered at their school.
• Policy Bundle Discount – When you combine your home and auto insurance with the same company you will save 10% to 20% off each policy.
• Save with a New Car – Buying a new car instead of a used car can save up to 30% because newer models have to meet stringent safety requirements.
• More Vehicles More Savings – Purchasing coverage when you have primary and secondary vehicles on the same insurance policy can reduce rates for all insured vehicles.
• Passenger Safety Discount – Vehicles with factory air bags or automatic seat belts may earn rate discounts of up to 25% or more.
• Anti-lock Brakes – Anti-lock brake equipped vehicles can avoid accidents and therefore earn up to a 10% discount.

One thing to note about discounts is that most of the big mark downs will not be given the the whole policy. Most only reduce the price of certain insurance coverages like comprehensive or collision. So when it seems like having all the discounts means you get insurance for free, companies wouldn’t make money that way.

Large insurance companies and their possible discounts are outlined below.

• Progressive may have discounts that include good student, multi-policy, online quote discount, online signing, multi-vehicle, and homeowner.
• MetLife offers premium reductions for multi-policy, claim-free, accident-free, defensive driver, good student, and good driver.
• Mercury Insurance policyholders can earn discounts including good student, ease of repair, low natural disaster claims, professional/association, accident-free, anti-theft, and age of vehicle.
• Nationwide has savings for Farm Bureau membership, easy pay, defensive driving, multi-policy, family plan, and anti-theft.
• Geico discounts include membership and employees, five-year accident-free, emergency military deployment, military active duty, air bags, anti-lock brakes, and driver training.
• AAA offers discounts including anti-theft, pay-in-full, education and occupation, multi-car, good student, and AAA membership discount.

If you are trying to find cheaper insurance coverage quotes, ask all the companies which discounts you qualify for. Discounts might not apply in your area. To view companies that provide some of the discounts listed above, follow this link.

Will just any policy work for me?

When it comes to choosing the right insurance coverage, there really is no perfect coverage plan. Your needs are not the same as everyone else’s so your insurance should reflect that Here are some questions about coverages that may help you determine whether or not you might need an agent’s assistance.

• Why does it cost so much to insure a teen driver?
• Where can I get insurance after a DUI in my state?
• Do I need PIP (personal injury protection) coverage in my state?
• Should I bundle my homeowners policy with my auto?
• Where can I find high-risk insurance?
• Can I rent a car in Mexico?
• Does my policy pay for OEM or aftermarket parts?
• Is rental equipment covered for theft or damage?
• Does my car insurance cover rental cars?
• If my 2007 Chevy Tahoe is totaled, can I afford another vehicle?

If you’re not sure about those questions, you might consider talking to a licensed insurance agent. To find an agent in your area, take a second and 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.

Insurance coverages explained

Learning about specific coverages of a insurance policy aids in choosing the best coverages and the correct deductibles and limits. Policy terminology can be impossible to understand and reading a policy is terribly boring. Below you’ll find the normal coverages found on most insurance policies.

Collision coverages – Collision coverage covers damage to your Tahoe from colliding with a stationary object or other vehicle. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision coverage pays for claims such as damaging your car on a curb, sustaining damage from a pot hole and driving through your garage door. Collision is rather expensive coverage, so consider removing coverage from lower value vehicles. Drivers also have the option to choose a higher deductible in order to get cheaper collision rates.

Comprehensive coverages – Comprehensive insurance coverage pays to fix your vehicle from damage from a wide range of events other than collision. You first must pay your deductible and then insurance will cover the rest of the damage.

Comprehensive coverage pays for claims like damage from a tornado or hurricane, damage from getting keyed, a broken windshield and hitting a deer. The maximum amount your insurance company will pay is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.

Coverage for medical payments – Personal Injury Protection (PIP) and medical payments coverage kick in for expenses for things like chiropractic care, doctor visits, dental work and X-ray expenses. The coverages can be utilized in addition to your health insurance policy or if you are not covered by health insurance. Coverage applies to both the driver and occupants and will also cover being hit by a car walking across the street. PIP coverage is not an option in every state but it provides additional coverages not offered by medical payments coverage

Coverage for liability – Liability insurance can cover damage or injury you incur to other people or property in an accident. This insurance protects YOU from claims by other people. Liability doesn’t cover damage to your own property or vehicle.

Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. You commonly see values of 25/50/25 which means a $25,000 limit per person for injuries, a per accident bodily injury limit of $50,000, and a limit of $25,000 paid for damaged property.

Liability can pay for claims such as medical expenses, funeral expenses and medical services. How much liability should you purchase? That is a personal decision, but buy as much as you can afford.

Uninsured and underinsured coverage – Uninsured or Underinsured Motorist coverage protects you and your vehicle from other motorists when they do not carry enough liability coverage. Covered claims include injuries to you and your family and damage to your 2007 Chevy Tahoe.

Since a lot of drivers have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages is a good idea.

Be a money saver!

We covered many tips how you can save on 2007 Chevy Tahoe insurance. It’s most important to understand that the more companies you get auto insurance rates for, the better your chances of lowering your auto insurance rates. Drivers may discover the most savings is with the least-expected company. These smaller insurers may often insure only within specific states and give getter rates than their larger competitors like Progressive or Geico.

When searching for affordable insurance coverage quotes, never reduce coverage to reduce premium. There have been many cases where consumers will sacrifice full coverage and learned later that a couple dollars of savings turned into a financial nightmare. Your goal is to get the best coverage possible at the lowest possible cost, but do not sacrifice coverage to save money.

Helpful articles

• Car Insurance: When not to Skimp (BankRate.com)
• Vehicle Safety Ratings (iihs.org)
• Tools for Teen Driving Safety (State Farm)
• Insurance Losses by Make and Model (iihs.org)
• Help Your Teen Be a Better Driver (State Farm)
• Where can I buy Insurance? (Insurance Information Insitute)