2014 Chevrolet Tahoe Insurance Cost – 10 Ideas for Best Prices

Searching for the cheapest insurance coverage on the web is challenging for people who are new to online price comaprisons. With a ridiculous number of companies in the marketplace, how can you possibly compare every one to find the best pricing?

Locating the lowest cost insurance coverage coverage can be fairly easy. Basically, anyone who is required by state law to have insurance coverage will more than likely be able to find better rates. But drivers do need to learn how big insurance companies market insurance on the web and take advantage of how the system works.

Discounts to lower Chevy Tahoe insurance rates

Insuring your fleet can be pricey, buy you may qualify for discounts to reduce the price significantly. Larger premium reductions will be automatically applied at the time you complete a quote, but less common discounts must be specifically requested prior to getting the savings.

  • Life Insurance Discount – Larger companies have better rates if you take out life insurance from them.
  • Government Employees – Employees or retirees of the government may qualify you for a discount on Tahoe insurance with certain companies.
  • Homeowners Pay Less – Simply owning a home can save you money due to the fact that maintaining a home shows financial diligence.
  • Pay Upfront and Save – By paying your policy upfront instead of monthly or quarterly installments you could save 5% or more.
  • Seat Belts Save – Using a seat belt and requiring all passengers to buckle their seat belts can save up to 15% off your medical payments premium.
  • Paperwork-free – A few companies give back up to $50 for buying a policy and signing up on their website.
  • Lower Rates for Military – Having a family member in the military could mean lower rates.
  • Sign Early and Save – Select companies give a discount for signing up before your current policy expires. It can save you around 10%.
  • Driver’s Ed – Cut your cost by having your teen driver take driver’s ed class if it’s offered in school.
  • Multi-policy Discount – When you have multiple policies with the same company you could get a discount of up to 20% off your total premium.

It’s important to understand that some of the credits will not apply to the entire cost. Most only apply to individual premiums such as comp or med pay. So even though they make it sound like you would end up receiving a 100% discount, car insurance companies aren’t that generous. Any qualifying discounts will cut the amount you have to pay.

For a list of insurance companies who offer car insurance discounts, click here.

The easiest way to get policy rate comparisons is to know most of the bigger providers pay for the opportunity to quote your coverage. The only thing you need to do is provide a small amount of information like if you are currently licensed, how much education you have, if a SR-22 is required, and if you’re married. Those rating factors is automatically sent to many highly-rated insurers and they provide comparison quotes instantly to find the best rate.

Tailor your coverage to you

When choosing adequate coverage, there is no one size fits all plan. Every insured’s situation is different.

Here are some questions about coverages that can help discover whether you could use an agent’s help.

  • When would I need rental car insurance?
  • Is my dog or cat covered if injured in an accident?
  • Do I have coverage when pulling a U-Haul trailer?
  • Do I have newly-aquired coverage?
  • Is my teen driver covered when they drive my company car?
  • Do I have coverage when using my vehicle for my home business?
  • Do I need more liability coverage?

If you can’t answer these questions but you think they might apply to your situation, then you may want to think about talking to a licensed agent. If you don’t have a local agent, simply complete this short form.

Parts of your insurance policy

Knowing the specifics of a insurance policy can be of help when determining the best coverages for your vehicles. Insurance terms can be confusing and reading a policy is terribly boring.

Liability insurance

This will cover injuries or damage you cause to people or other property in an accident. It consists of three limits, bodily injury per person, bodily injury per accident and property damage. Your policy might show liability limits of 100/300/100 that translate to $100,000 bodily injury coverage, a total of $300,000 of bodily injury coverage per accident, and a total limit of $100,000 for damage to vehicles and property. Some companies may use one number which is a combined single limit which combines the three limits into one amount without having the split limit caps.

Liability insurance covers claims such as structural damage, repair bills for other people’s vehicles, attorney fees, funeral expenses and court costs. How much liability coverage do you need? That is a decision to put some thought into, but you should buy as much as you can afford.

Med pay and Personal Injury Protection (PIP)

Coverage for medical payments and/or PIP kick in for bills for pain medications, EMT expenses, dental work and X-ray expenses. They are often used to fill the gap from your health insurance policy or if there is no health insurance coverage. Coverage applies to not only the driver but also the vehicle occupants in addition to getting struck while a pedestrian. PIP coverage is only offered in select states and gives slightly broader coverage than med pay

Collision insurance

This will pay to fix damage to your Tahoe caused by collision with another vehicle or an object, but not an animal. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision insurance covers claims such as driving through your garage door, crashing into a ditch, hitting a parking meter and colliding with a tree. Collision coverage makes up a good portion of your premium, so consider removing coverage from vehicles that are 8 years or older. You can also raise the deductible to save money on collision insurance.

Comprehensive insurance

This pays for damage from a wide range of events other than collision. You first must pay your deductible then your comprehensive coverage will pay.

Comprehensive can pay for things such as damage from a tornado or hurricane, hitting a bird, hail damage, theft and damage from flooding. The maximum payout you’ll receive from a claim is the market value of your vehicle, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.

Uninsured/Underinsured Motorist (UM/UIM)

Uninsured or Underinsured Motorist coverage protects you and your vehicle from other drivers when they are uninsured or don’t have enough coverage. It can pay for medical payments for you and your occupants and damage to your Chevy Tahoe.

Since many drivers have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is very important. Usually your uninsured/underinsured motorist coverages are similar to your liability insurance amounts.

Don’t break the bank

Cost effective 2014 Chevy Tahoe insurance is attainable from both online companies as well as from independent agents, and you need to comparison shop both in order to have the best price selection to choose from. Some companies don’t offer the ability to get a quote online and these small insurance companies work with independent agents.

When trying to cut insurance costs, make sure you don’t buy poor coverage just to save money. There have been many cases where drivers have reduced physical damage coverage only to discover later that it was a big mistake. Your goal should be to get the best coverage possible at an affordable rate while still protecting your assets.

People change insurance companies for many reasons like being labeled a high risk driver, denial of a claim, extreme rates for teen drivers or even not issuing a premium refund. It doesn’t matter why you want to switch finding the right auto insurance provider can be easier than you think.

Additional auto insurance information can be read at the links below