Feel like you have overpriced insurance coverage? Trust us, there are many consumers feeling the pinch from expensive insurance coverage. Vehicle owners have so many auto insurance companies to choose from, and although it’s a good thing to have a choice, more choices can make it harder to adequately compare rates.
Car insurance is not cheap, but discounts can save money and there are some available that you may not know about. Some discounts will apply at the time you complete a quote, but some must be inquired about in order for you to get them.
Policy discounts save money, but some of the credits will not apply the the whole policy. The majority will only reduce individual premiums such as liability, collision or medical payments. Even though it may seem like having all the discounts means you get insurance for free, you aren’t that lucky.
To see a list of companies with the best discounts, click here to view.
There are a variety of methods to compare insurance coverage prices but there is one way that is less time-consuming than others. You can waste a few hours (or days) talking about coverages with insurance agencies in your area, or you can utilize online quotes to get prices fast.
Most major companies are enrolled in a marketplace where prospective buyers enter their coverage request one time, and each participating company then gives them pricing. This saves time by eliminating repetitive form submissions for every insurance coverage company.
To compare rates using this form now click here (opens in new window).
The one disadvantage to using this type of system is buyers cannot specifically choose which providers to get pricing from. So if you prefer to pick specific insurance companies to receive pricing from, we have a page of companies who write insurance coverage in your area. Click here for list of insurance companies.
However you get your quotes, make sure you are using apples-to-apples coverage limits and deductibles on every quote. If each company quotes higher or lower deductibles it will be next to impossible to make an equal comparison.
When it comes to buying the right insurance coverage for your personal vehicles, there really is no “perfect” insurance plan. Your needs are not the same as everyone else’s so your insurance needs to address that. For example, these questions may help highlight if your situation may require specific advice.
If you can’t answer these questions but you think they might apply to your situation, you may need to chat with a licensed insurance agent. To find an agent in your area, complete this form or you can go here for a list of companies in your area. It is quick, free and may give you better protection.
Having a good grasp of your insurance policy helps when choosing appropriate coverage and the correct deductibles and limits. The coverage terms in a policy can be impossible to understand and even agents have difficulty translating policy wording. These are typical coverages found on the average insurance policy.
Comprehensive insurance – This coverage pays for damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible then your comprehensive coverage will pay.
Comprehensive can pay for claims like rock chips in glass, a tree branch falling on your vehicle, fire damage, damage from a tornado or hurricane and hitting a bird. The highest amount you can receive from a comprehensive claim is the market value of your vehicle, so if the vehicle’s value is low consider dropping full coverage.
Med pay and Personal Injury Protection (PIP) – Coverage for medical payments and/or PIP kick in for expenses for dental work, prosthetic devices, doctor visits and ambulance fees. They are utilized in addition to your health insurance policy or if you are not covered by health insurance. It covers not only the driver but also the vehicle occupants in addition to getting struck while a pedestrian. PIP is not an option in every state and gives slightly broader coverage than med pay
Uninsured/Underinsured Motorist (UM/UIM) – Uninsured or Underinsured Motorist coverage protects you and your vehicle when other motorists do not carry enough liability coverage. It can pay for hospital bills for your injuries and damage to your Chevy Suburban.
Because many people only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. So UM/UIM coverage is important protection for you and your family.
Collision – This coverage pays for damage to your Suburban from colliding with another vehicle or an object, but not an animal. You first must pay a deductible and then insurance will cover the remainder.
Collision insurance covers claims like sustaining damage from a pot hole, driving through your garage door, colliding with another moving vehicle and colliding with a tree. Collision is rather expensive coverage, so you might think about dropping it from older vehicles. Drivers also have the option to increase the deductible to save money on collision insurance.
Auto liability – Liability coverage can cover damages or injuries you inflict on other people or property. It protects you against other people’s claims. It does not cover your own vehicle damage or injuries.
It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see policy limits of 25/50/25 that translate to $25,000 in coverage for each person’s injuries, a limit of $50,000 in injury protection per accident, and a total limit of $25,000 for damage to vehicles and property.
Liability insurance covers claims such as attorney fees, bail bonds, repair costs for stationary objects and court costs. How much liability coverage do you need? That is a decision to put some thought into, but you should buy as high a limit as you can afford.
Some companies don’t offer the ability to get a quote online and most of the time these regional insurance providers only sell coverage through independent agents. Budget-conscious 2007 Chevy Suburban insurance can be purchased both online as well as from independent agents, and you should be comparing both to get a complete price analysis.
You just learned a lot of techniques to lower your 2007 Chevy Suburban insurance rates. The key concept to understand is the more quotes you get, the better your chances of lowering your car insurance rates. You may be surprised to find that the lowest rates come from the smaller companies. Regional companies can often provide lower car insurance rates in certain areas than their larger competitors like Progressive and Geico.
Additional information can be found at the links below