Lower Your 2015 Chevrolet Tahoe Insurance Rates

Have you had enough of robbing Peter to pay Paul each month for car insurance? You are no different than many other drivers. There are many insurers to buy insurance from, and although it’s nice to have a selection, it makes it harder to adequately compare rates.

Save big with these discounts

Companies offering auto insurance don’t list all available discounts in a way that’s easy to find, so here is a list some of the more common and the more hidden discounts you could be receiving. If you aren’t receiving every discount you deserve, you’re paying more than you need to.

  • Seat Belt Usage – Requiring all passengers to wear their seat belts could save 15% off the personal injury premium cost.
  • Memberships – Belonging to certain professional organizations is a good way to get lower rates on car insurance on Tahoe coverage.
  • Federal Government Employee – Being employed by or retired from a federal job can save as much as 8% on Tahoe coverage depending on your company.
  • Safe Driver Discount – Safe drivers can pay as much as 50% less on Tahoe coverage than drivers with accidents.
  • No Accidents – Good drivers with no accidents pay much less as compared to frequent claim filers.
  • Student in College – Children who are attending college without a vehicle on campus may qualify for this discount.
  • New Vehicle Savings – Putting insurance coverage on a new car is cheaper due to better safety requirements for new cars.
  • Payment Method – By paying your policy upfront rather than paying monthly you may reduce your total bill.
  • Passive Restraint Discount – Vehicles equipped with air bags can qualify for discounts up to 30%.

It’s important to note that many deductions do not apply to the entire policy premium. Most only cut individual premiums such as collision or personal injury protection. Just because you may think you could get a free car insurance policy, you won’t be that lucky.

For a list of companies with the best car insurance discounts, follow this link.

The quickest method we recommend to compare rates is to take advantage of the fact car insurance companies provide online access to compare rate quotes. The one thing you need to do is provide the companies a bit of rating information including if it has an alarm system, your job, driver details, and the type of vehicles you drive. That rating information gets sent immediately to many different companies and you should receive rate quotes quickly.

Factors determining your Chevy Tahoe insurance premium

An important part of buying insurance is that you know the rating factors that go into determining the price you pay for auto insurance. Knowing what influences your rates allows you to make educated decisions that will entitle you to better auto insurance rates.

Listed below are some of the items companies use to determine prices.

  • Extra add-on coverages are wasting money – There are quite a few extra coverages that you can buy on your Tahoe policy. Coverages for rental car reimbursement, towing coverage and motor club memberships are some examples. These coverages may sound good when you first buy your policy, but if you don’t need them eliminate them to save money.
  • Your car’s features help determine rates – Owning a car with an alarm system can save you a little every year. Theft prevention devices such as tamper alarm systems, vehicle immobilizer technology and General Motors OnStar can help prevent your vehicle from being stolen.
  • Multi-policy discounts can save money – The majority of auto insurance companies will award you with lower prices to insureds who consolidate policies with them. It’s known as a multi-policy discount. Discounts can amount to ten or even up to twenty percent in some cases. Even with this discount, it’s in your best interest to comparison shop to ensure the best deal. Consumers may find better rates by splitting coverages up.
  • High credit ratings translate to low rates – Having a bad credit rating is a large factor in determining your rates. Drivers with high credit scores tend to file fewer claims and have better driving records than drivers who have poor credit. If your credit history can use some improvement, you could pay less to insure your 2015 Chevrolet Tahoe by improving your credit score.
  • Liability insurance protects assets – Liability insurance is the protection if you are found to be at fault for personal injury or accident damage. It will provide legal defense coverage starting from day one. Carrying liability coverage is mandatory and cheap compared to physical damage coverage, so buy as much as you can afford.
  • Claim-free discounts can add up – Auto insurance companies award better rates to insureds who are claim-free. If you frequently file small claims, you can expect either higher rates or even cancellation. Car insurance is designed for major claims that would cause financial hardship.
  • Do you work long hours in a high stress job? – Occupations like lawyers, social workers and stock brokers are shown to have the highest rates due to stressful work requirements and long work hours. On the other hand, occupations like farmers, students and retirees pay the least on Tahoe coverage.
  • With age comes lower rates – Youthful drivers have a tendency to be more careless when driving so auto insurance rates are higher. Parents adding a young driver to your auto insurance policy can be very expensive. More mature drivers are viewed as being more responsible, statistically cause fewer accidents and receive fewer citations.

But I don’t know anything about car insurance

When choosing the right insurance coverage for your personal vehicles, there isn’t really a cookie cutter policy. Everyone’s situation is a little different and a cookie cutter policy won’t apply. For example, these questions can aid in determining whether or not you might need an agent’s assistance.

  • Can I afford to pay high deductible claims out of pocket?
  • Do I have coverage when using my vehicle for my home business?
  • If my 2015 Chevy Tahoe is totaled, can I afford another vehicle?
  • How high should my medical payments coverage be?
  • Am I covered by my employer’s commercial auto policy when driving my personal car for business?
  • I have good health insurance, so how much medical payments coverage do I need?
  • Should I waive the damage coverage when renting a car?
  • I have a DUI can I still get coverage?
  • Am I covered if I drive in a foreign country?
  • Does my 2015 Chevy Tahoe qualify for pleasure use?

If you’re not sure about those questions but you think they might apply to your situation, you might consider talking to a licensed insurance agent. If you want to speak to an agent in your area, fill out this quick form or you can go here for a list of companies in your area. It only takes a few minutes and may give you better protection.

Auto insurance coverages explained

Understanding the coverages of a auto insurance policy helps when choosing the best coverages and the correct deductibles and limits. Policy terminology can be ambiguous and nobody wants to actually read their policy. Below you’ll find the normal coverages offered by auto insurance companies.

Medical payments coverage and PIP

Personal Injury Protection (PIP) and medical payments coverage kick in for bills for things like ambulance fees, chiropractic care, EMT expenses, funeral costs and nursing services. They can be used to cover expenses not covered by your health insurance plan or if you do not have health coverage. Medical payments and PIP cover not only the driver but also the vehicle occupants as well as being hit by a car walking across the street. PIP coverage is only offered in select states and may carry a deductible

Comprehensive coverage

This pays for damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive insurance covers things such as damage from getting keyed, falling objects, a broken windshield, vandalism and hitting a deer. The highest amount you can receive from a comprehensive claim is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

Liability auto insurance

This provides protection from injuries or damage you cause to people or other property that is your fault. This coverage protects you from legal claims by others. It does not cover your injuries or vehicle damage.

Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show liability limits of 25/50/25 that means you have $25,000 bodily injury coverage, 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 court costs, repair costs for stationary objects, bail bonds and attorney fees. How much liability should you purchase? That is your choice, but you should buy as much as you can afford.

Collision coverage protection

Collision coverage pays for damage to your Tahoe resulting from a collision with another car or object. You will need to pay your deductible then your collision coverage will kick in.

Collision insurance covers things such as colliding with another moving vehicle, driving through your garage door, damaging your car on a curb, crashing into a ditch and sustaining damage from a pot hole. This coverage can be expensive, so consider dropping it from older vehicles. You can also bump up the deductible to bring the cost down.

Uninsured/Underinsured Motorist coverage

This protects you and your vehicle from other drivers when they either have no liability insurance or not enough. It can pay for hospital bills for your injuries and also any damage incurred to your Chevy Tahoe.

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. This is the reason having UM/UIM coverage should not be overlooked.

Quote more. Save more.

You just read a lot of information how to shop for 2015 Chevy Tahoe insurance online. It’s most important to understand that the more providers you compare, the better chance you’ll have of finding lower rates. You may even find the lowest premiums are with an unexpected company. They may only write in your state and offer lower rates as compared to the big name companies such as State Farm, GEICO and Nationwide.

As you shop your coverage around, it’s not a good idea to skimp on critical coverages to save a buck or two. There are many occasions where someone dropped full coverage only to regret that they should have had better coverage. Your focus should be to purchase a proper amount of coverage at an affordable rate while still protecting your assets.

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