2004 Chevrolet Suburban Insurance Cost

Drivers have a choice when trying to find affordable Chevy Suburban insurance. You can either waste hours contacting agents to compare prices or use the internet to find the lowest rates. There is a better way to find insurance online and you need to know the quickest way to get price quotes for your Chevy and find the cheapest rates from local insurance agents and online providers.

It’s smart to compare prices every six months due to the fact that insurance rates change frequently. Even if you think you had the best deal for Suburban coverage on your last policy you can probably find a lower rate today. Starting now, ignore everything you know about insurance because it’s time to teach you the fastest and easiest way to remove unneeded coverages and save money.

Pay less by taking advantage of discounts

Auto insurance companies don’t list every available discount very clearly, so the following is a list of both well-publicized and also the lesser-known savings tricks you should be using. If you’re not getting every credit you qualify for, you are paying more than you should be.

  • Bundle and Save – When you have multiple policies with the same insurance company you may save up to 20% off your total premium.
  • Driver Safety – Completing a course in driver safety could save 5% or more depending on where you live.
  • Good Student – Getting good grades can earn a discount of 20% or more. Earning this discount can benefit you until age 25.
  • Service Members Pay Less – Having a family member in the military may qualify for rate reductions.
  • Homeowners Discount – Being a homeowner can help you save on insurance coverage because maintaining a house shows financial diligence.
  • Early Signing – A few companies offer discounts for buying a policy prior to your current policy expiring. This can save 10% or more.
  • Discounts for Safe Drivers – Drivers who avoid accidents may save up to 50% more for Suburban coverage than drivers with accidents.
  • Passive Restraints – Cars that have air bags or automatic seat belts can qualify for discounts of up to 25% or more.
  • Auto/Life Discount – Some companies give lower rates if you buy life insurance.
  • Pay Upfront and Save – If you pay your bill all at once instead of monthly or quarterly installments you could save up to 5%.

Drivers should understand that most discount credits are not given the the whole policy. Most only apply to the price of certain insurance coverages like liability, collision or medical payments. So even though they make it sound like it’s possible to get free car insurance, you’re out of luck.

For a list of insurers who offer insurance coverage discounts, click here.

The easiest way to compare rates is to know the fact most of the larger companies pay for the opportunity to compare rate quotes. The only thing you need to do is provide details like any included safety features, your general credit rating, how your vehicles are used, and distance driven. Your details is instantly sent to many highly-rated insurers and they provide comparison quotes almost instantly.

Why your Chevy Suburban insurance rates may be high

Smart consumers have a good feel for the factors that come into play when calculating your car insurance rates. Understanding what controls the rates you pay enables informed choices that can help you get big savings.

The list below includes a few of the “ingredients” car insurance companies consider when setting your rates.

  • Keep rates low by being claim-free – If you are a frequent claim filer, you can pretty much guarantee either a policy non-renewal or much higher rates. Auto insurance companies award discounts to policyholders who are claim-free. Auto insurance is meant to be used in the event of the large, substantial claims.
  • Drive a safer car and pay less – Cars with high safety ratings get lower rates. Safer cars reduce injuries and any reduction in injury severity translates into savings for insurance companies and thus lower rates. If your Chevy Suburban has ratings of a minimum an “acceptable” rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website it may be receiving lower rates.
  • Allowing your policy to lapse raises rates – Driving with no insurance is illegal and your next policy will cost more because you let your insurance lapse. And not only will insurance be more expensive, failure to provide proof of insurance may earn you a license revocation or jail time.
  • Big city or small town – Residing in a rural area is a positive aspect when insuring your vehicles. Fewer people means fewer accidents as well as less vandalism and auto theft. City drivers regularly have more traffic problems and longer commutes to work. Higher commute times can result in more accidents.
  • More miles equals more premium – The more miles you rack up on your Chevy every year the higher your rates will be. The majority of insurers charge to insure your cars determined by how the vehicle is used. Cars and trucks left parked in the garage receive lower rates compared to those used for work or business. Having the wrong rating on your Suburban may be costing you. Make sure your car insurance policy is rated on how each vehicle is driven, because improper ratings can cost you money.
  • Battle of the sexes – Statistics show that women are safer drivers than men. That doesn’t necessarily mean that men are WORSE drivers than women. Both sexes cause accidents in similar numbers, but the male of the species cause more damage. Men also tend to have more aggressive citations such as reckless driving. Youthful male drivers tend to get in the most accidents and thus pay the highest rates.
  • Pay less if you’re married – Getting married actually saves money on car insurance. Having a spouse is viewed as being more mature and statistics show being married results in fewer claims.

Your coverage should be tailored to you

When it comes to buying the right insurance coverage, there really is no perfect coverage plan. Coverage needs to be tailored to your specific needs.

Here are some questions about coverages that may help you determine whether your personal situation would benefit from an agent’s advice.

  • Can I make deliveries for my home business?
  • Why is insurance for a teen driver so high?
  • Where can I get insurance after a DUI in my state?
  • Is my babysitter covered when using my vehicle?
  • Am I covered if hit by an uninsured driver?
  • Do I need medical payments coverage since I have good health insurance?
  • Is other people’s property covered if stolen from my vehicle?
  • Is extra glass coverage worth it?
  • Can I afford to buy a different vehicle if my 2004 Chevy Suburban is totaled?
  • Why am I required to get a high-risk car insurance policy?

If you’re not sure about those questions but you think they might apply to your situation, then you may want to think about talking to an insurance agent. If you don’t have a local agent, complete this form. It’s fast, free and can provide invaluable advice.

Car insurance coverage information

Knowing the specifics of your policy helps when choosing the right coverages at the best deductibles and correct limits. Policy terminology can be confusing and nobody wants to actually read their policy.

Med pay and Personal Injury Protection (PIP) – Coverage for medical payments and/or PIP kick in for short-term medical expenses such as prosthetic devices, EMT expenses, hospital visits, funeral costs and rehabilitation expenses. They can be utilized in addition to your health insurance program or if you are not covered by health insurance. It covers you and your occupants in addition to getting struck while a pedestrian. PIP coverage is not available in all states and may carry a deductible

Coverage for liability – Liability coverage provides protection from damage that occurs to people or other property by causing an accident. It protects YOU against claims from other people, and does not provide coverage for damage to your own property or vehicle.

Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. You commonly see policy limits of 100/300/100 which stand for a $100,000 limit per person for injuries, a limit of $300,000 in injury protection per accident, and a limit of $100,000 paid for damaged property.

Liability coverage pays for things like court costs, emergency aid and attorney fees. How much liability coverage do you need? That is a decision to put some thought into, but consider buying higher limits if possible.

Uninsured/Underinsured Motorist (UM/UIM) – This coverage protects you and your vehicle’s occupants when the “other guys” either have no liability insurance or not enough. Covered claims include injuries sustained by your vehicle’s occupants and also any damage incurred to your 2004 Chevy Suburban.

Due to the fact that many drivers only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages is a good idea.

Comprehensive insurance – This pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage protects against things such as damage from flooding, rock chips in glass and hitting a deer. The highest amount you can receive from a comprehensive claim is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.

Collision coverages – Collision coverage pays to fix your vehicle from damage from colliding with a stationary object or other vehicle. You will need to pay your deductible then your collision coverage will kick in.

Collision insurance covers things like sideswiping another vehicle, backing into a parked car, crashing into a building and crashing into a ditch. Collision is rather expensive coverage, so consider dropping it from vehicles that are older. You can also bump up the deductible to bring the cost down.

The bottom line

Consumers who switch companies do it for many reasons like being labeled a high risk driver, unfair underwriting practices, high prices or questionable increases in premium. It doesn’t matter what your reason, switching auto insurance companies is pretty simple and you could end up saving a buck or two.

We just covered many ways to save on 2004 Chevy Suburban insurance. The key concept to understand is the more you quote, the better your comparison will be. Consumers could even find that the most savings is with an unexpected company.

Low-cost insurance is possible on the web in addition to many insurance agents, and you should be comparing both to get a complete price analysis. A few companies do not provide online price quotes and these smaller companies work with independent agents.

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