1994 Chevrolet Suburban Insurance Cost

Looking for cheaper auto insurance rates for your Chevrolet Suburban? I can’t think of anyone who cherishes buying auto insurance, particularly when they are paying too much. You have so many insurers to buy insurance from, and although it’s nice to be able to choose, it can be more difficult to find a good deal.

Smart consumers take time to take a look at other company’s rates at least once a year due to the fact that insurance rates are adjusted regularly by insurance companies. Just because you found the best deal for Suburban insurance a couple years back there is a good chance you can find better rates now. So ignore everything you know about auto insurance because we’re going to show you the right way to reduce your cost while increasing coverage.

You probably qualify for some discounts

Car insurance companies do not advertise all their discounts in an easy-to-find place, so we researched some of the best known and the harder-to-find discounts you could be receiving. If they aren’t giving you every credit possible, you’re just leaving money on the table.

  • Multi-car Discount – Insuring more than one vehicle on one policy could earn a price break for each car.
  • College Student – Any of your kids who are attending college and don’t have a car may qualify for this discount.
  • Seat Belts Save more than Lives – Buckling up and requiring all passengers to wear their seat belts could cut 10% or more on the medical payments or PIP coverage costs.
  • Accident Free – Drivers with accident-free driving histories can save substantially compared to accident-prone drivers.
  • Homeowners Discount – Being a homeowner can save you money because owning a home shows financial diligence.
  • Multiple Policy Discount – When you combine your home and auto insurance with the same company you could get a discount of 10% to 20% off each policy.

Consumers should know that most credits do not apply to your bottom line cost. Some only reduce individual premiums such as comprehensive or collision. So even though they make it sound like adding up those discounts means a free policy, it doesn’t quite work that way.

To see a list of insurance companies with discount insurance rates, click here.

Why your Chevy Suburban insurance rates may be high

An important part of buying insurance is that you know some of the elements that help determine your car insurance rates. Having a good understanding of what determines base rates helps enable you to make changes that may reward you with much lower annual insurance costs.

  • Your age impacts your rates – Teenage drivers are known to be less responsible when driving so they pay higher car insurance rates. Adding a teenage driver onto a policy can break the bank. More mature drivers tend to be more responsible, tend to file fewer claims and are safer drivers.
  • Theft deterrents lower rates – Choosing a vehicle with anti-theft technology or alarm system can help lower your rates. Anti-theft devices such as GM’s OnStar, tamper alarm systems and vehicle immobilizers can thwart your car from being stolen.
  • Where do you drive? – Driving more miles in a year the more you will pay for car insurance. Most insurance companies rate vehicles based on how the vehicle is used. Cars left parked in the garage qualify for better rates than those used for commuting. Improper usage on your Suburban can result in significantly higher rates. Make sure your car insurance coverage properly reflects the proper vehicle usage.
  • Extra add-on coverages are wasting money – There are many add-on coverages you can purchase when buying car insurance. Coverages like vanishing deductibles, better glass coverage and motor club memberships may be wasting your money. They may seem good when talking to your agent, but if you don’t need them get rid of them and save.
  • Your job and insurance rates – Occupations such as doctors, executives and financial analysts tend to have higher average rates because of stressful work requirements and lots of time spent at work. Conversely, jobs such as actors, engineers and the unemployed receive lower rates for Suburban insurance.
  • Marriage brings a discount – Getting married can actually save you money on your car insurance policy. Having a significant other usually means you are more responsible and it’s statistically proven that being married results in fewer claims.
  • Adjust deductibles and save – Coverage for physical damage, commonly called comprehensive (or other-than-collision) and collision coverage, 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. The deductibles are how much you are willing to pay if you file a covered claim. The more you are required to pay out-of-pocket, the bigger discount you will receive for Suburban insurance.

There’s no such thing as the perfect policy

When it comes to buying adequate coverage for your vehicles, there really is no best way to insure your cars. Coverage needs to be tailored to your specific needs and your policy should reflect that. These are some specific questions could help you determine whether your personal situation will benefit from professional help.

  • Do I need more liability coverage?
  • Where can I find DUI or SR-22 insurance?
  • How much liability insurance is required?
  • Will filing a claim cost me more?
  • Am I covered if I hit a deer?
  • What discounts do I qualify for?
  • Will I be non-renewed for getting a DUI or other conviction?

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. To find an agent in your area, fill out this quick form or you can go here for a list of companies in your area. It’s fast, free and may give you better protection.

Ads can be misleading

Consumers get pounded daily by advertisements for car insurance savings by Allstate and Progressive. They all seem to have a common claim that you can save if you move to their company.

But how can every company make almost identical claims? It’s all in the numbers.

Insurance companies have a certain “appetite” for the right customer they prefer to insure. For example, a desirable insured might be between the ages of 40 and 55, insures multiple vehicles, and has a high credit rating. Any driver who matches those parameters is entitled to the best price and as a result will probably save when switching.

Potential insureds who don’t meet the requirements will have to pay higher prices which usually ends up with business going elsewhere. Company advertisements say “people who switch” not “everyone that quotes” save that kind of money. That’s why insurance companies can confidently make the claims of big savings. Because of the profiling, you absolutely need to get a wide range of price quotes. You cannot predict the company that will fit your personal profile best.

What insurance coverages do you need?

Learning about specific coverages of your policy can help you determine which coverages you need at the best deductibles and correct limits. Policy terminology can be difficult to understand and nobody wants to actually read their policy. These are the usual coverages offered by insurance companies.

Uninsured or underinsured coverage

This protects you and your vehicle from other drivers when they either are underinsured or have no liability coverage at all. This coverage pays for injuries to you and your family as well as your vehicle’s damage.

Due to the fact that many drivers have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important.

Medical expense coverage

Medical payments and Personal Injury Protection insurance pay for expenses for nursing services, X-ray expenses and ambulance fees. They are often used to cover expenses not covered by your health insurance program or if you do not have health coverage. Coverage applies to you and your occupants and also covers any family member struck as a pedestrian. Personal Injury Protection is not an option in every state and gives slightly broader coverage than med pay

Comprehensive protection

This covers damage from a wide range of events other than collision. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage protects against things such as a broken windshield, damage from getting keyed, damage from flooding and hitting a deer. The maximum payout 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.

Auto collision coverage

This coverage pays for damage to your Suburban caused by collision with another car or object. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision coverage pays for claims such as backing into a parked car, crashing into a ditch and colliding with a tree. 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 bump up the deductible to get cheaper collision coverage.

Liability insurance

This will cover damage that occurs to other people or property that is your fault. This coverage protects you against claims from other people. Liability doesn’t cover your own vehicle damage or injuries.

Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show liability limits of 100/300/100 that means you have a limit of $100,000 per injured person, a total of $300,000 of bodily injury coverage per accident, and a total limit of $100,000 for damage to vehicles and property.

Liability coverage protects against things like bail bonds, court costs, attorney fees, legal defense fees and repair costs for stationary objects. How much liability should you purchase? That is a personal decision, but you should buy as large an amount as possible.

Cheaper insurance is a realistic goal

Lower-priced 1994 Chevy Suburban insurance is definitely available online and also from your neighborhood agents, so you should compare both to have the best rate selection. Some companies may not provide online price quotes and usually these small, regional companies provide coverage only through local independent agents.

In this article, we presented a lot of techniques to save on insurance. The key thing to remember is the more quotes you get, the better your chances of lowering your rates. You may even discover the lowest priced insurance coverage comes from the smaller companies. They can often insure niche markets at a lower cost than their larger competitors like GEICO and State Farm.

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