Cheaper 2003 Chevrolet Suburban Car Insurance Cost

Looking for cheaper insurance rates for your Chevrolet Suburban? No sane person loves paying for insurance, particularly when the prices are way too high.

Consumers have so many insurers to insure vehicles with, and although it’s nice to have a selection, too many choices makes it more difficult to find the best rates.

It’s important to check insurance prices once or twice a year because insurance rates trend upward over time. Despite the fact that you may have had the best premium rates on Suburban insurance at your last renewal a different company probably has better prices today. Forget anything you know (or think you know) about insurance because you’re going to learn the proper way to find lower rates on insurance.

How to buy car insurance online

Most larger insurance companies such as State Farm, Allstate and Geico provide insurance quotes directly from their websites. Getting quotes doesn’t take much effort as you simply enter your coverage information on the page. After the form is submitted, the company’s rating system will obtain your credit score and driving record and provides a quote based on these and other factors. Online quotes makes it simple to compare prices but the process of having to visit different websites and type in the same information gets old quite quickly. But it’s also necessary to do this in order to find the lowest price.

An easier way to find lower prices uses one form to get prices from many companies. The form is fast, requires less work, and makes price shopping online much easier to do. After sending your information, it is quoted and you can choose any or none of the quotes that you receive. If you find a better price you can simply submit the application and purchase coverage. The entire process takes less than 15 minutes and can result in significant savings.

To quickly compare rates now, click here to open in a new tab and fill out the form. If you have coverage now, it’s recommended you type in as shown on your current policy. This way, you’re receiving a price comparison based on identical coverages.

Are car insurance companies telling the truth?

Well-known car insurance companies like State Farm, Allstate and Geico endlessly run ads on television and other media. All the companies convey the message that drivers can save some big amount if you just switch to them. How is it possible that every company can say the same thing? This is the way they can do it.

All companies have specific guidelines for the driver that earns them the most money. For example, a desirable risk may be between the ages of 40 and 55, has few claims, and drives less than 7,500 miles a year. Any customer that fits those parameters gets the lowest premium rates and as a result will probably save some money.

Potential insureds who don’t meet this stringent profile will see more expensive rates and the prospect going elsewhere. If you listen to the ad wording, they say “customers that switch” not “all people who quote” can get the lowest rates when switching. That’s why companies can state the savings. Because of these techniques, you should compare rate quotes every year. Because you never know with any certainty which company will be your best fit.

How insurers calculate Chevy Suburban insurance rates

When buying insurance it’s important to understand the different types of things that go into determining the rates you pay for insurance. If you know what influences your rates, this empowers consumers to make smart changes that can help you get cheaper rates. Multiple criteria are used when you get a price on insurance. Some of the criteria are obvious like a motor vehicle report, although some other factors are less obvious such as your marital status or how financially stable you are.

The factors shown below are some of the things utilized by car insurance companies to help set your rates.

  • Do you qualify for a multi-policy discount? – Lots of insurance companies will award lower prices to policyholders that buy multiple policies such as combining an auto and homeowners policy. Discounts can add up to as much as ten percent or more Even if you’re getting this discount it’s in your best interest to compare other insurance prices to make sure you are getting the best deal.There is a chance you can find better rates by insuring with multiple companies.
  • File a claims and pay more – Auto insurance companies award the best rates to insureds who are claim-free. If you file claims often, you can definitely plan on higher rates. Insurance coverage is intended to be relied upon for claims that you cannot pay yourself.
  • Coverage lapses lead to higher insurance rates – Driving without insurance can get you a ticket and any future policy may cost more because you let your insurance lapse for non-payment. And not only will insurance be more expensive, getting caught without coverage might get you a fine, jail time, or a revoked license. You may then be required to file a SR-22 with your state department of motor vehicles.
  • Employer stress can affect rates – Occupations like military personnelpolice officers and financial analysts tend to have higher rates than the rest of us due to intense work requirements and lots of time spent away from family. On the other hand, jobs such as actors, students and homemakers pay the least on Suburban insurance.
  • Discounts for married drivers – Getting married may cut your premiums on your insurance policy. It means you’re more mature and responsible and it’s statistically proven that married drivers tend to have fewer serious accidents.
  • Gender and insurance costs – Statistics demonstrate that women are safer drivers than men. However, don’t assume that men are worse drivers. Both sexes cause auto accidents in similar numbers, but males get into accidents with more damage. They also have more aggressive citations like driving under the influence (DUI).
  • Good credit equals lower rates – Having a bad credit rating can be an important factor in your rate calculation. Insureds with excellent credit tend to file fewer claims than drivers with poor credit scores. Therefore, if your credit rating is lower than you’d like, you could save money insuring your 2003 Chevrolet Suburban if you clean up your credit.

Auto Insurance Discounts

Properly insuring your vehicles can get expensive, but you can get discounts that you may not even know about. A few discounts will automatically apply when you get a quote, but a few must be requested specifically before you will receive the discount.

  • Discounts for Responsible Drivers – Drivers without accidents can save up to 40% or more on their insurance quote on Suburban insurance than their less cautious counterparts.
  • Accident-Free Discounts – Insureds who avoid accidents and claims pay much less in comparison with drivers with a long claim history.
  • Seat Belts Save – Drivers who require all vehicle occupants to wear their seat belts could save 15% off the PIP or medical payment premium.
  • Multi-Vehicle Discounts – Drivers who insure primary and secondary vehicles on the same auto insurance policy qualifies for this discount.
  • Good Student Discount – Performing well in school can earn a discount of 20% or more. The discount lasts until age 25.
  • Anti-theft System – Cars equipped with tracking devices and advanced anti-theft systems help deter theft and that can save you a little bit as well.
  • Savings for New Vehicles – Buying a new car model may earn a small discount because new model year vehicles keep occupants safer.
  • Paperless Signup – Certain insurance companies may give you up to $50 for signing up on your computer.

It’s important to understand that most discount credits are not given to your bottom line cost. Most only cut specific coverage prices like comp or med pay. Even though it may seem like you would end up receiving a 100% discount, insurance companies wouldn’t stay in business. But all discounts should help reduce your policy premiums.

A list of auto insurance companies and a summarized list of policyholder discounts are included below.

  • Geico discounts include military active duty, anti-lock brakes, good student, multi-vehicle, membership and employees, and air bags.
  • Mercury Insurance has discounts for annual mileage, low natural disaster claims, age of vehicle, good student, good driver, anti-theft, and ease of repair.
  • Farmers Insurance offers premium reductions for multi-car, pay in full, teen driver, alternative fuel, good student, business and professional, and youthful driver.
  • Auto-Owners Insurance policyholders can earn discounts including anti-lock brakes, paid in full, teen driver, multi-policy, multiple vehicles, company car, and anti-theft.
  • Liberty Mutual may include discounts for exclusive group savings, new vehicle discount, safety features, newly retired, hybrid vehicle, newly married, and new move discount.
  • SAFECO offers discounts for multi-car, accident prevention training, anti-lock brakes, bundle discounts, and anti-theft.
  • Progressive offers discounts including good student, online quote discount, multi-policy, homeowner, and multi-vehicle.
  • USAA may offer discounts for defensive driver, loyalty savings, annual mileage, good student, military installation, driver training, and new vehicle.

When quoting, ask each insurance company the best way to save money. Savings may not apply to policies in your area. If you would like to see a list of insurers with the best discounts, click here to view.

Tailor your insurance coverage to you

When buying the right insurance coverage for your vehicles, there really is not a “perfect” insurance plan. Every situation is different and your policy should reflect that. These are some specific questions might help in determining whether you could use an agent’s help.

  • When does my teenage driver need to be added to my policy?
  • Does car insurance cover theft of personal property?
  • Am I covered when delivering products for my home-based business?
  • Am I covered by my employer’s commercial auto policy when driving my personal car for business?
  • Is motorclub coverage worth it?
  • How much liability insurance is required?

If you’re not sure about those questions then you might want to talk to an agent. To find an agent in your area, take a second and complete this form or click here for a list of insurance companies in your area.

Coverage specifics

Learning about specific coverages of a insurance policy aids in choosing appropriate coverage for your vehicles. Policy terminology can be impossible to understand and coverage can change by endorsement. Below you’ll find the normal coverages found on the average insurance policy.

Liability coverage

This coverage provides protection from damage that occurs to a person or their property in an accident. This coverage protects you against claims from other people, and doesn’t cover your injuries or vehicle damage.

Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show limits of 50/100/50 that means you have a $50,000 limit per person for injuries, a per accident bodily injury limit of $100,000, and $50,000 of coverage for damaged propery.

Liability can pay for things such as attorney fees, structural damage and funeral expenses. How much liability should you purchase? That is up to you, but buy higher limits if possible.

Med pay and Personal Injury Protection (PIP)

Medical payments and Personal Injury Protection insurance kick in for bills for prosthetic devices, chiropractic care, pain medications and surgery. They are used to cover expenses not covered by your health insurance policy or if there is no health insurance coverage. They cover you and your occupants and will also cover being hit by a car walking across the street. PIP coverage is only offered in select states and may carry a deductible

Uninsured/Underinsured Motorist (UM/UIM)

Your UM/UIM coverage provides protection when the “other guys” either have no liability insurance or not enough. It can pay for medical payments for you and your occupants and also any damage incurred to your Chevy Suburban.

Since many drivers only carry the minimum required liability limits, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked.

Coverage for collisions

This covers damage to your Suburban resulting from colliding with an object or car. You have to pay a deductible then your collision coverage will kick in.

Collision coverage protects against claims like driving through your garage door, hitting a parking meter, scraping a guard rail and colliding with another moving vehicle. Paying for collision coverage can be pricey, so you might think about dropping it from lower value vehicles. Drivers also have the option to choose a higher deductible to save money on collision insurance.

Comprehensive insurance

Comprehensive insurance covers damage from a wide range of events other than collision. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage pays for claims like hail damage, falling objects, a tree branch falling on your vehicle and theft. The maximum payout your insurance company will pay is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.

A penny saved is a penny earned

When getting insurance quotes online, you should never buy less coverage just to save a little money. There are a lot of situations where consumers will sacrifice liability limits or collision coverage only to find out that a couple dollars of savings turned into a financial nightmare. The proper strategy is to buy a smart amount of coverage for the lowest price, not the least amount of coverage.

In this article, we covered many ideas to shop for 2003 Chevy Suburban insurance online. The most important thing to understand is the more times you quote, the better your comparison will be. You may be surprised to find that the lowest priced insurance coverage comes from a company that doesn’t do a lot of advertising. Regional companies may often insure only within specific states and give getter rates than their larger competitors like State Farm, Geico and Nationwide.

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