How Much Does 1994 Chevrolet Suburban Insurance Cost?

Are you tired of not being able to afford to buy car insurance? Your situation is no different than many other drivers.

You have so many car insurance companies to purchase coverage from, and even though it’s nice to have a selection, it can be more difficult to compare rates and find the lowest cost auto insurance.

Factors influencing Chevy Suburban insurance rates

Consumers need to have an understanding of the factors that come into play when calculating auto insurance rates. Having a good understanding of what influences your rates helps enable you to make changes that can help you get big savings.

  • Small claims can cost you – If you frequently file small claims, you can pretty much guarantee either a policy non-renewal or much higher rates. Auto insurance companies provide cheaper rates to drivers who do not rely on their insurance for small claims. Auto insurance is intended for the large, substantial claims.
  • Higher deductibles cost less – Physical damage coverage, termed comprehensive and collision coverage on your policy, is used to repair damage to your Chevy. Some instances where coverage would apply are a windshield shattered by a rock, collision with an animal, or theft. Deductibles for physical damage are how much you are required to spend out-of-pocket in the event of a claim. The more money you are required to pay out-of-pocket, the less your company will charge you for insurance for Suburban insurance.
  • Men fork out a little more – Statistics show women tend to be less risk to insure than men. That doesn’t necessarily mean that women are better drivers. They both have accidents in similar percentages, but men cause more damage. Men also get more serious tickets such as reckless driving. Youthful male drivers are the most expensive to insure and thus pay the highest rates.
  • Car features impact rates – Owning a car with a theft deterrent system can save you a little every year. Theft prevention features such as tamper alarm systems, vehicle immobilizer technology and General Motors OnStar can help prevent auto theft.
  • A lapse in coverage is a bad thing – Letting your insurance expire is a sure-fire way to increase your auto insurance rates. Not only will rates go up, but not being able to provide proof of insurance might get you a license revocation or jail time.Then you may be required to file a SR-22 with your state motor vehicle department.
  • Better credit means lower rates – A driver’s credit score is a huge factor in your rate calculation. Consumers who have excellent credit tend to be less risk to insure than drivers with lower credit ratings. If your credit rating is low, you could potentially save money when insuring your 1994 Chevrolet Suburban by improving your credit score.
  • Being married is a good thing – Getting married helps lower the price on auto insurance. Marriage translates into being more mature and responsible it has been statistically shown that married couples file fewer claims.
  • Safe vehicles cost less to insure – Cars with high safety ratings get lower rates. Safer cars reduce injuries and fewer injuries means lower claim amounts passed on to you as lower rates. If your Chevy Suburban scored better than four stars on Safercar.gov or an “acceptable” rating on iihs.org you may qualify for a discount.

Lots of discounts mean lots of savings

Car insurance companies don’t always list every discount in an easy-to-find place, so we researched some of the best known and the more hidden discounts you could be receiving.

  • Pay Now and Pay Less – If paying your policy premium upfront rather than paying monthly you could save up to 5%.
  • Senior Discount – If you qualify as a senior citizen, you can possibly qualify for reduced rates for Suburban insurance.
  • Low Mileage – Driving fewer miles could qualify for a substantially lower rate.
  • Anti-theft Discount – Anti-theft and alarm systems help deter theft and qualify for as much as a 10% discount.
  • Multiple Vehicles – Buying coverage for multiple vehicles with the same company may reduce the rate for each vehicle.

Consumers should know that many deductions do not apply to the entire policy premium. Most only reduce individual premiums such as liability and collision coverage. So despite the fact that it appears you would end up receiving a 100% discount, you won’t be that lucky.

Companies that may offer these discounts may include but are not limited to:

Before buying, ask every prospective company how you can save money. Some discounts might not be offered in your state.

Misconceptions in insurance advertisements

Insurance providers like Geico, State Farm and Progressive constantly bombard you with ads on television and other media. They all say the same thing that you’ll save big if you switch to them. But how can every company claim to save you money? This is how they do it.

All companies have a certain “appetite” for the right customer that makes them money. A good example of a profitable customer might be over the age of 40, has no driving citations, and drives newer vehicles. A customer that hits that “sweet spot” is entitled to the best price and as a result will probably save a lot of money.

Potential customers who don’t meet the requirements will be charged more money and this can result in business not being written. The ad wording is “people who switch” not “everybody who quotes” save that kind of money. This is how insurance companies can make those claims. That is why it is so important to get quotes from several different companies. It is impossible to predict the company that will fit your personal profile best.

Situations that might require an agent

When choosing adequate coverage for your personal vehicles, there is no best way to insure your cars. Everyone’s needs are different and your policy should reflect that. For example, these questions might help in determining if you may require specific advice.

  • Am I covered when renting a car or should I buy coverage from the car rental agency?
  • Do I have coverage when making deliveries for my home business?
  • What is the minimum liability in my state?
  • Should I put collision coverage on all my vehicles?
  • I have a DUI can I still get coverage?
  • How do I insure my teen driver?
  • Does my car insurance cover rental cars?
  • When should I drop full coverage on my 1994 Chevy Suburban?

If you don’t know the answers to these questions, then you may want to think about talking to a licensed insurance agent. If you don’t have a local agent, fill out this quick form or you can go here for a list of companies in your area.

Auto insurance coverages

Understanding the coverages of your policy can be of help when determining the right coverages for your vehicles. Policy terminology can be confusing and coverage can change by endorsement. These are the normal coverages offered by insurance companies.

UM/UIM Coverage

Uninsured or Underinsured Motorist coverage gives you protection from other drivers when they either are underinsured or have no liability coverage at all. This coverage pays for hospital bills for your injuries as well as your vehicle’s damage.

Because many people only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is a good idea.

Auto collision coverage

Collision insurance pays to fix your vehicle from damage resulting from colliding with a stationary object or other vehicle. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision coverage pays for claims such as sideswiping another vehicle, damaging your car on a curb, colliding with a tree, sustaining damage from a pot hole and backing into a parked car. Collision coverage makes up a good portion of your premium, so you might think about dropping it from lower value vehicles. Another option is to choose a higher deductible to get cheaper collision coverage.

Comprehensive or Other Than Collision

Comprehensive insurance covers damage from a wide range of events other than collision. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive coverage protects against things such as fire damage, hitting a deer and theft. The highest amount a insurance company will pay at claim time is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.

Liability insurance

This protects you from damage that occurs to a person or their property in an accident. It protects YOU against other people’s claims, and does not provide coverage for damage to your own property or vehicle.

It consists of three limits, bodily injury per person, bodily injury per accident and property damage. You might see liability limits of 25/50/25 that means you have a $25,000 limit per person for injuries, $50,000 for the entire accident, and a total limit of $25,000 for damage to vehicles and property.

Liability coverage pays for things like repair costs for stationary objects, loss of income and bail bonds. How much liability coverage do you need? That is a decision to put some thought into, but buy higher limits if possible.

Medical costs insurance

Med pay and PIP coverage reimburse you for bills such as doctor visits, hospital visits and chiropractic care. They are used in conjunction with a health insurance program or if you do not have health coverage. It covers not only the driver but also the vehicle occupants in addition to if you are hit as a while walking down the street. Personal injury protection coverage is only offered in select states but it provides additional coverages not offered by medical payments coverage

In Summary

When you buy insurance online, make sure you don’t skimp on coverage in order to save money. There have been many cases where drivers have reduced liability limits or collision coverage only to find out that the savings was not a smart move. Your strategy should be to find the BEST coverage at the best price while not skimping on critical coverages.

You just read a lot of tips how to shop for 1994 Chevy Suburban insurance online. It’s most important to understand that the more you quote, the more likely it is that you will get a better rate. You may be surprised to find that the most savings is with a smaller regional carrier. Smaller companies may often insure only within specific states and give getter rates compared to the large companies like Progressive or Geico.

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