Save on 2002 Chevrolet Tahoe Insurance Rates

Trying to find cheaper insurance for your Chevy Tahoe can normally be a lot of work, but you can learn these tips to make it easier. There are more efficient ways to compare auto insurance rates and you need to know the absolute fastest way to quote coverages for a Chevy and find the lowest possible price from both online companies and local agents.

Finding the best rates is not that difficult. If you have a policy now or need a new policy, you can use this information to get lower rates while maximizing coverage. Drivers just need to know the proper methods to get comparison rates online.

Cut your premium with discounts

Auto insurance companies don’t always publicize every available discount in an easy-to-find place, so here is a list some of the best known as well as the least known savings tricks you should be using. If they aren’t giving you every credit you deserve, you are paying more than you should be.

  • Payment Method – By paying your policy upfront instead of paying each month you may reduce your total bill.
  • Drivers Ed for Students – Make teen driver coverage more affordable by requiring them to enroll in driver’s education if offered at their school.
  • Employee of Federal Government – Being employed by or retired from a federal job may qualify you for a discount for Tahoe insurance with certain companies.
  • Anti-lock Brakes – Vehicles with anti-lock braking systems can avoid accidents and qualify for as much as a 10% discount.
  • E-sign – Certain companies will give a small break just for signing your application on their website.
  • 55 and Retired – If you’re over the age of 55, you can possibly qualify for a small decrease in premiums for Tahoe insurance.
  • Discount for Life Insurance – Select insurance companies reward you with a discount if you purchase auto and life insurance together.
  • No Claims – Drivers with accident-free driving histories can earn big discounts compared to bad drivers.
  • Own a Home – Being a homeowner may trigger a auto insurance policy discount because maintaining a house is proof that your finances are in order.

Consumers should know that most of the big mark downs will not be given to your bottom line cost. Most only cut the cost of specific coverages such as liability, collision or medical payments. So even though it sounds like having all the discounts means you get insurance for free, you’re out of luck.

For a list of providers offering auto insurance discounts, click here.

Factors influencing Chevy Tahoe insurance rates

An important part of buying insurance is that you know some of the elements that play a part in calculating the rates you pay for auto insurance. Knowing what influences your rates enables informed choices that can help you get much lower annual insurance costs.

  • A clean driving record saves money – Just one moving violation can bump up the cost forty percent or more. Drivers who don’t get tickets receive lower rates compared to drivers with tickets. Drivers who have flagrant citations like DUI or reckless driving may need to file a proof of financial responsibility form (SR-22) with the DMV in their state in order to keep their license.
  • Extra coverages can waste money – There are quite a few extra coverages that can waste your money on your 2002 Tahoe policy. Coverages like rental car reimbursement, accident forgiveness and additional equipment coverage may be wasting your money. These coverages may sound good initially, but now you might not need them so get rid of them and save.
  • Your age impacts your rates – Older drivers tend to be more responsible, statistically cause fewer accidents and get fewer tickets. Teen drivers are known to be less responsible behind the wheel and because of this, their auto insurance rates are much higher.
  • Drive a safer car and pay less – Safer cars tend to have better insurance rates. The safest vehicles reduce injuries and any reduction in injury severity translates into savings for insurance companies and more competitive rates for policyholders. If the Chevy Tahoe has ratings of a minimum an “acceptable” rating on the Insurance Institute for Highway Safety website it may be receiving lower rates.
  • Do men or women drive better? – Statistics demonstrate women tend to be less risk to insure than men. That doesn’t necessarily mean that men are worse drivers. Both sexes are in accidents in similar numbers, but the males cause more damage. They also have more aggressive citations such as DWI and reckless driving. Youthful male drivers are the most expensive to insure and therefore are the most expensive to insure.
  • The more you drive the more you pay – The more miles you rack up on your Chevy in a year’s time the more you’ll pay to insure your vehicle. Almost all companies rate vehicles determined by how the vehicle is used. Cars that are left in the garage qualify for better rates as compared to vehicles used primarily for driving to work. Verify your auto insurance policy is rated on how each vehicle is driven. Incorrect usage on your Tahoe can cost quite a bit.
  • Discounts for multiple policies – The majority of auto insurance companies will award you with lower prices to insureds who buy several policies from them such as combining an auto and homeowners policy. Discounts can amount to ten or even up to twenty percent in some cases. If you currently are using one company, you may still want to comparison shop to ensure the best deal.

What is the best insurance coverage?

When it comes to choosing adequate coverage, there really is not a cookie cutter policy. Everyone’s needs are different.

Here are some questions about coverages that may help you determine if your situation may require specific advice.

  • Should I file a claim if it’s only slightly more than my deductible?
  • Is motorclub coverage worth it?
  • Should I buy full coverage?
  • Does insurance cover tools stolen from my truck?
  • Should I buy only the required minimum liability coverage?
  • If my 2002 Chevy Tahoe is totaled, can I afford another vehicle?
  • Is my ex-spouse still covered by my policy?
  • What is covered by UM/UIM coverage?
  • What is the rate difference between pleasure use and commuting?

If you can’t answer these questions but you know they apply to you then you might want to talk to a licensed insurance agent. If you want to speak to an agent in your area, simply complete this short form. It only takes a few minutes and you can get the answers you need.

Do drivers who switch really save $419 a year?

Consumers constantly see and hear ads for car insurance savings by 21st Century, Allstate and State Farm. They all seem to say the same thing that you can save if you move to their company.

But how can every company claim to save you money?

Insurance companies are able to cherry pick for the right customer they prefer to insure. For instance, a driver they prefer could be over the age of 50, has no prior claims, and drives newer vehicles. Any new insured who matches those parameters receives the best rates and as a result will probably save when switching.

Consumers who don’t measure up to these standards will be charged a higher premium which usually ends up with the customer not buying. The ads state “people who switch” not “everyone that quotes” save that much. That is how insurance companies can state the savings. That is why it’s extremely important to get as many comparisons as possible. Because you never know which insurance companies will fit your personal profile best.

Coverages available on your insurance policy

Learning about specific coverages of a insurance policy aids in choosing the right coverages at the best deductibles and correct limits. Insurance terms can be impossible to understand and even agents have difficulty translating policy wording.

UM/UIM Coverage

Your UM/UIM coverage protects you and your vehicle when other motorists either are underinsured or have no liability coverage at all. It can pay for injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.

Due to the fact that many drivers have only the minimum liability required by law, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages is very important.

Medical costs insurance

Personal Injury Protection (PIP) and medical payments coverage provide coverage for short-term medical expenses for things like rehabilitation expenses, surgery and X-ray expenses. They are used to cover expenses not covered by your health insurance policy or if you lack health insurance entirely. Medical payments and PIP cover all vehicle occupants and also covers being hit by a car walking across the street. PIP is not available in all states but it provides additional coverages not offered by medical payments coverage

Auto liability

Liability coverage protects you from damage or injury you incur to other people or property. This insurance protects YOU from legal claims by others, and doesn’t cover damage to your own property or vehicle.

Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. Your policy might show policy limits of 100/300/100 that translate to $100,000 in coverage for each person’s injuries, $300,000 for the entire accident, and a limit of $100,000 paid for damaged property.

Liability coverage pays for claims like legal defense fees, repair bills for other people’s vehicles, pain and suffering and attorney fees. How much coverage you buy is a decision to put some thought into, but you should buy as high a limit as you can afford.

Comprehensive or Other Than Collision

Comprehensive insurance coverage pays to fix your vehicle from damage from a wide range of events other than collision. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive insurance covers claims such as falling objects, hitting a deer, damage from getting keyed, theft and hitting a bird. The maximum payout a insurance company will pay at claim time is the ACV or actual cash value, so if the vehicle is not worth much consider dropping full coverage.

Collision coverage protection

Collision coverage will pay to fix damage to your Tahoe from colliding with another vehicle or an object, but not an animal. You have to pay a deductible then your collision coverage will kick in.

Collision can pay for claims like scraping a guard rail, sideswiping another vehicle and backing into a parked car. Paying for collision coverage can be pricey, so consider dropping it from vehicles that are 8 years or older. It’s also possible to raise the deductible to bring the cost down.

You can do this!

As you go through the steps to switch your coverage, you should never buy poor coverage just to save money. There have been many cases where an insured dropped physical damage coverage only to regret at claim time that the savings was not a smart move. Your aim should be to purchase a proper amount of coverage at the best price, not the least amount of coverage.

Affordable 2002 Chevy Tahoe insurance can be bought on the web and with local insurance agents, and you should be comparing both so you have a total pricing picture. Some companies do not offer online quoting and most of the time these small, regional companies sell through independent agents.

Consumers leave their current company for a variety of reasons including an unsatisfactory settlement offer, not issuing a premium refund, delays in paying claims and high rates after DUI convictions. It doesn’t matter why you want to switch finding a new auto insurance company can be easier than you think.

More information is located at the links below