2002 Chevrolet Suburban Car Insurance Rates – 5 Tips for Cheapest Quotes

Looking for lower car insurance rates for your Chevrolet Suburban? Feel like you’re a prisoner to overpriced car insurance? Trust us, there are lots of people in the same boat.

You have multiple insurers to choose from, and even though it’s nice to be able to choose, lots of choices makes it harder to locate the cheapest rates.

How to reduce 2002 Chevy Suburban insurance rates

Insuring your vehicles can cost a lot, but there could be available discounts to help offset the cost. Certain discounts will be triggered automatically at the time of quoting, but less common discounts must be inquired about before you will receive the discount.

  • Discounts for Safe Drivers – Drivers who don’t get into accidents can get discounts for up to 45% lower rates on Suburban coverage than drivers with accident claims.
  • Auto/Home Discount – When you have multiple policies with the same company you will save up to 20% off your total premium.
  • Low Mileage – Low mileage vehicles can qualify you for discounted rates on garaged vehicles.
  • Anti-theft Discount – Vehicles with anti-theft systems can help prevent theft and therefore earn up to a 10% discount.
  • Discount for Life Insurance – Larger companies have a break if you buy life insurance from them.

As a disclaimer on discounts, most discount credits are not given to the overall cost of the policy. Most only cut the cost of specific coverages such as medical payments or collision. So when it seems like all the discounts add up to a free policy, companies wouldn’t make money that way. Any amount of discount will bring down the cost of coverage.

To see a list of insurers with discount car insurance rates, click here to view.

Tailor your coverage to you

When buying the right insurance coverage, there really is no perfect coverage plan. Every insured’s situation is different so your insurance should reflect that Here are some questions about coverages that could help you determine if your situation might need professional guidance.

  • Am I covered if I crash into my own garage door?
  • Should I have a commercial auto policy?
  • What are the financial responsibility laws in my state?
  • Does my policy pay for OEM or aftermarket parts?
  • Why do I need rental car insurance?
  • Who is covered when they drive my 2002 Chevy Suburban?
  • Can I make deliveries for my home business?
  • Is my nanny covered when driving my vehicle?

If you can’t answer these questions then you might want to talk to a licensed insurance agent. If you don’t have a local agent, take a second and complete this form or you can go here for a list of companies in your area.

Switch companies and save? Really?

Auto insurance providers like Allstate, GEICO and Progressive regularly use television and radio advertisements. They all make the same claim that you’ll save big if you move to them. How does each company make almost identical claims?

All companies have a certain “appetite” for the type of driver that makes them money. For example, a profitable customer could be between 25 and 40, has no tickets, and chooses high deductibles. A propective insured who fits that profile will qualify for the lowest rates and most likely will cut their rates substantially.

Consumers who are not a match for the requirements will be charged higher premiums which leads to business not being written. The ad wording is “people who switch” not “people who quote” save that kind of money. That is how companies can claim big savings.

That is why drivers should get a wide range of price quotes. It is impossible to predict the company that will fit your personal profile best.

Car insurance 101

Understanding the coverages of auto insurance aids in choosing which coverages you need for your vehicles. Auto insurance terms can be confusing and nobody wants to actually read their policy. Shown next are the normal coverages offered by auto insurance companies.

Medical costs insurance

Medical payments and Personal Injury Protection insurance provide coverage for short-term medical expenses for X-ray expenses, funeral costs, EMT expenses and ambulance fees. They are utilized in addition to your health insurance policy or if there is no health insurance coverage. Coverage applies to not only the driver but also the vehicle occupants and also covers any family member struck as a pedestrian. PIP is not available in all states but it provides additional coverages not offered by medical payments coverage

Liability coverage

This provides protection from damage that occurs to a person or their property by causing an accident. Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have liability limits of 50/100/50 which means $50,000 in coverage for each person’s injuries, a limit of $100,000 in injury protection per accident, and a total limit of $50,000 for damage to vehicles and property. Another option is a combined single limit or CSL which provides one coverage limit and claims can be made without the split limit restrictions.

Liability coverage protects against things like repair bills for other people’s vehicles, pain and suffering, attorney fees, medical expenses and funeral expenses. How much coverage you buy is your choice, but it’s cheap coverage so purchase as high a limit as you can afford.

UM/UIM Coverage

This protects you and your vehicle’s occupants when other motorists are uninsured or don’t have enough coverage. This coverage pays for hospital bills for your injuries and damage to your 2002 Chevy Suburban.

Due to the fact that many drivers only carry the minimum required liability limits, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is important protection for you and your family. Frequently the UM/UIM limits are similar to your liability insurance amounts.

Comprehensive or Other Than Collision

This pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for claims such as theft, a broken windshield, damage from getting keyed and damage from flooding. The maximum payout you can receive from a comprehensive claim is the market value of your vehicle, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Collision coverage

Collision coverage covers damage to your Suburban resulting from colliding with an object or car. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision coverage protects against claims like crashing into a ditch, hitting a mailbox and driving through your garage door. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from older vehicles. Drivers also have the option to raise the deductible in order to get cheaper collision rates.

The best insurance company isn’t always the cheapest

Throughout this article, we presented many ideas to save on 2002 Chevy Suburban insurance. It’s most important to understand that the more times you quote, the higher your chance of finding lower rates. Consumers could even find that the lowest rates come from the smaller companies. Regional companies may often insure only within specific states and give getter rates than the large multi-state companies such as GEICO and State Farm.

As you restructure your insurance plan, do not buy less coverage just to save a little money. Too many times, an insured dropped collision coverage only to find out that the few dollars in savings costed them thousands. The aim is to buy a smart amount of coverage at the best price while still protecting your assets.

Budget-conscious insurance can be sourced from both online companies in addition to many insurance agents, so compare prices from both in order to have the best chance of saving money. Some insurance companies do not provide online price quotes and these smaller companies work with independent agents.

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