Finding cheaper auto insurance quotes online can be difficult if you have never used online rate quotes. But relax because finding affordable coverage online is easier than you think.
Some providers don’t necessarily list every discount in an easy-to-find place, so we break down some of the more common as well as some of the hidden credits that you can use to lower your rates.
We need to note that most of the big mark downs will not be given to the entire policy premium. Most only apply to individual premiums such as physical damage coverage or medical payments. Even though it may seem like it’s possible to get free car insurance, insurance companies wouldn’t stay in business.
Auto insurance companies that possibly offer these money-saving discounts include:
Check with every insurance company to give you their best rates. Some discounts listed above might not apply in your area. To see insurers with the best discounts, click this link.
Lots of things are part of the calculation when you get a price on insurance. Some are obvious like a motor vehicle report, but other factors are less obvious like where you live or your commute time.
The factors shown below are a few of the “ingredients” utilized by car insurance companies to help set your prices.
When buying proper insurance coverage, there is no single plan that fits everyone. Everyone’s situation is unique.
Here are some questions about coverages that might help in determining whether you would benefit from professional advice.
If you’re not sure about those questions but one or more may apply to you, you might consider talking to a licensed insurance agent. If you want to speak to an agent in your area, take a second and complete this form.
Popular insurance coverage providers such as Progressive, Allstate and Geico consistently run ads on television and other media. All the companies tend to make the same promise about how much you will save if you get a free auto insurance quote and switch to them. How can each company charge you a lower premium? It’s all in the words they use.
Insurance companies have a certain “appetite” for the driver that will add to their bottom line. A good example of a preferred risk might have to be a married female, has few claims, and drives a vehicle with a low ISO rating. Someone that meets those criteria will get very good rates as well as save if they switch.
People who do not fit this ideal profile may be required to pay higher premiums which leads to business going elsewhere. The ads say “people who switch” not “everyone who quotes” save that much. That’s the way insurance companies can confidently make those claims.
Because of this risk profiling, you absolutely need to compare many company’s premium rates. It’s not possible to predict which company will be your best fit.
Understanding the coverages of insurance can be of help when determining appropriate coverage and proper limits and deductibles. The coverage terms in a policy can be confusing and coverage can change by endorsement.
Collision protection
Collision coverage pays for damage to your Suburban caused by collision with another car or object. You first must pay a deductible and then insurance will cover the remainder.
Collision can pay for claims such as sideswiping another vehicle, driving through your garage door and backing into a parked car. Collision is rather expensive coverage, so consider dropping it from older vehicles. Another option is to bump up the deductible in order to get cheaper collision rates.
Comprehensive insurance
This coverage pays to fix your vehicle from damage that is not covered by collision coverage. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive can pay for claims such as damage from a tornado or hurricane, falling objects, damage from flooding and vandalism. The most your insurance company will pay is the ACV or actual cash value, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.
Auto liability insurance
This coverage protects you from damage that occurs to a person or their property in an accident. It protects YOU against claims from other people. It does not 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. As an example, you may have values of 50/100/50 which means a limit of $50,000 per injured person, a per accident bodily injury limit of $100,000, and a limit of $50,000 paid for damaged property. Another option is one limit called combined single limit (CSL) which provides one coverage limit with no separate limits for injury or property damage.
Liability can pay for things like emergency aid, structural damage and medical services. How much coverage you buy is a personal decision, but it’s cheap coverage so purchase as large an amount as possible.
Uninsured/Underinsured Motorist (UM/UIM)
Uninsured or Underinsured Motorist coverage protects you and your vehicle when the “other guys” are uninsured or don’t have enough coverage. It can pay for injuries to you and your family and damage to your 1997 Chevy Suburban.
Since many drivers only carry the minimum required liability limits, their limits can quickly be used up. So UM/UIM coverage is very important. Usually your uninsured/underinsured motorist coverages are similar to your liability insurance amounts.
Med pay and Personal Injury Protection (PIP)
Medical payments and Personal Injury Protection insurance kick in for bills like dental work, rehabilitation expenses, pain medications and prosthetic devices. They are often used in conjunction with a health insurance plan or if you lack health insurance entirely. Coverage applies to you and your occupants and also covers getting struck while a pedestrian. Personal Injury Protection is not an option in every state and may carry a deductible
Budget-conscious 1997 Chevy Suburban insurance can be bought from both online companies and from local insurance agents, so you need to shop auto insurance with both in order to have the best chance of saving money. Some insurance providers may not provide online quoting and usually these smaller companies only sell coverage through independent insurance agencies.
As you prepare to switch companies, it’s very important that you do not skimp on critical coverages to save a buck or two. There are many occasions where someone dropped comprehensive coverage or liability limits and found out when filing a claim they didn’t purchase enough coverage. Your goal should be to purchase a proper amount of coverage at the lowest possible cost.
We covered many tips how you can compare 1997 Chevy Suburban insurance premium rates online. The most important thing to understand is the more price quotes you have, the better your chances of lowering your prices. You may be surprised to find that the most savings is with some of the lesser-known companies.
Even more information can be found by following these links: