Lower Your 2002 Chevrolet Suburban Insurance Cost

Want the cheapest insurance coverage rates for your Chevrolet Suburban? Finding better rates for insurance coverage can be hard for consumers not familiar with comparing rates online. There are so many companies to choose from that it can quickly become a big hassle to find the best price.

You should take the time to shop coverage around periodically because rates are usually higher with each renewal. Even if you think you had the lowest price for Suburban coverage six months ago there is a good chance you can find better rates now. So just ignore everything you know about insurance coverage because it’s time to teach you the proper way to reduce your cost while increasing coverage.

The purpose of this post is to introduce you to the best way to quote coverages and some money-saving tips. If you currently have a car insurance policy, you will be able to lower your premiums substantially using these tips. Nevertheless, vehicle owners do need to know the way insurance companies sell online and apply this information to your search.

Don’t miss out on these money-saving discounts

Car insurance can cost a lot, but discounts can save money and there are some available that can drop the cost substantially. Some discounts apply automatically at the time you complete a quote, but some may not be applied and must be manually applied in order for you to get them.

  • Life Insurance Discount – Larger companies have lower rates if you buy life insurance from them.
  • Anti-theft System – Vehicles equipped with anti-theft or alarm systems are stolen less frequently and will save you 10% or more.
  • Drivers Ed for Students – Make teen driver coverage more affordable by requiring them to enroll in driver’s education in school.
  • New Car Discount – Insuring a new car can be considerably cheaper because new vehicles have to meet stringent safety requirements.
  • Accident Forgiveness – Certain companies will forgive one accident before hitting you with a surcharge if you are claim-free for a certain period of time.
  • Sign Online – Certain companies give back up to $50 just for signing your application on their website.
  • Early Switch Discount – Some companies give discounts for switching policies prior to your current policy expiring. It’s a savings of about 10%.
  • Distant Student – Any of your kids who are attending college without a vehicle on campus may be able to be covered for less.
  • Defensive Driver – Taking a defensive driving course could cut 5% off your bill depending on where you live.
  • Air Bag Discount – Cars that have air bags may earn rate discounts of up to 25% or more.

A little note about advertised discounts, most credits do not apply the the whole policy. Most only cut the price of certain insurance coverages like liability and collision coverage. So even though they make it sound like all the discounts add up to a free policy, it doesn’t quite work that way. Any amount of discount will reduce your premiums.

Car insurance companies who might offer some of the above discounts include:

Before buying, ask all companies you are considering how you can save money. Discounts might not apply in every state.

Chevy Suburban insurance premiums are calculated by many factors

Consumers need to have an understanding of the factors that play a part in calculating the price you pay for car insurance. Understanding what controls the rates you pay allows you to make educated decisions that can help you get big savings.

Shown below are a partial list of the pieces companies use to determine your rates.

  • You might want pay the small claims yourself – If you file claims often, you can expect either policy cancellation or increased premiums. Car insurance companies give discounts to people who do not file claims often. Your insurance policy is intended for the bigger claims that can’t be paid out-of-pocket.
  • Lower deductibles cost more – Physical damage insurance, termed comprehensive and collision coverage on your policy, is used to repair damage to your Chevy. Some examples of claims that would be covered are colliding with a building, collision with an animal, and rolling your vehicle. The deductibles are how much you are required to spend before a claim is paid by your company. The higher the amount the insured has to pay upfront, the less your company will charge you for insurance for Suburban coverage.
  • The more you drive the more you pay – Driving more miles in a year’s time the higher your rates will be. Most companies charge to insure your cars based on how the vehicle is used. Cars and trucks left parked in the garage qualify for better rates as compared to vehicles used primarily for driving to work. Improper usage on your Suburban can cost quite a bit. Make sure your car insurance coverage properly reflects the proper vehicle usage.
  • Lower rates with optional equipment – Owning a car with an alarm system can help lower your rates. Anti-theft devices such as tamper alarm systems, vehicle immobilizer technology and General Motors OnStar can help prevent your car from being stolen.
  • Liability coverage is peace of mind – Liability coverage provides coverage when a jury decides you are liable for personal injury or accident damage. Liability provides legal defense which can cost thousands of dollars. Liability insurance is quite affordable when compared with rates for comp and collision, so do not cut corners here.
  • Your age impacts your rates – Teenage drivers are known to be more careless when behind the wheel so they pay higher car insurance rates. Older insureds are viewed as being more responsible, file fewer claims and get fewer tickets.
  • Better credit scores mean better rates – Credit history is a huge factor in calculating your car insurance rates. Therefore, if your credit score is not that good, you could potentially save money when insuring your 2002 Chevrolet Suburban by spending a little time repairing your credit. Drivers who have high credit ratings tend to be better drivers and file fewer claims than drivers who have lower credit scores.

Do I need special coverages?

When choosing coverage, there isn’t really a perfect coverage plan. Every situation is different.

Here are some questions about coverages that might help in determining whether or not you will benefit from professional help.

  • Does my policy cover my teen driver if they drive my company car?
  • Do I need medical payments coverage since I have good health insurance?
  • Do I benefit by insuring my home with the same company?
  • Will my vehicle be repaired with OEM or aftermarket parts?
  • What discounts do I qualify for?
  • I don’t drive much so do I pay less?
  • Do I need rental car coverage?
  • Exactly who is provided coverage by my policy?

If it’s difficult to answer those questions, you may need to chat with a licensed agent. To find an agent in your area, complete this form.

What auto insurance coverages do you need?

Knowing the specifics of auto insurance can help you determine appropriate coverage at the best deductibles and correct limits. Auto insurance terms can be confusing and coverage can change by endorsement.

Uninsured/Underinsured Motorist (UM/UIM)

Your UM/UIM coverage protects you and your vehicle’s occupants from other drivers when they do not carry enough liability coverage. Covered claims include hospital bills for your injuries as well as damage to your Chevy Suburban.

Since a lot of drivers only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage is a good idea. Most of the time the UM/UIM limits are set the same as your liablity limits.

Liability auto insurance

Liability coverage can cover damage that occurs to a person or their property by causing an accident. It protects you against other people’s claims. It does not cover damage sustained by your vehicle in an accident.

Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see policy limits of 50/100/50 that translate to $50,000 bodily injury coverage, a per accident bodily injury limit of $100,000, and a limit of $50,000 paid for damaged property. Alternatively, you may have a combined limit which provides one coverage limit and claims can be made without the split limit restrictions.

Liability can pay for things like court costs, emergency aid and repair costs for stationary objects. The amount of liability coverage you purchase is up to you, but consider buying as much as you can afford.

Comprehensive insurance

Comprehensive insurance will pay to fix damage OTHER than collision with another vehicle or object. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for claims like rock chips in glass, damage from flooding, damage from a tornado or hurricane, a tree branch falling on your vehicle and hitting a bird. The maximum payout you can receive from a comprehensive claim is the ACV or actual cash value, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.

Coverage for collisions

This pays to fix your vehicle from damage caused by collision with a stationary object or other vehicle. You will need to pay your deductible then your collision coverage will kick in.

Collision insurance covers things like crashing into a ditch, damaging your car on a curb and rolling your car. Collision is rather expensive coverage, so consider dropping it from older vehicles. You can also bump up the deductible to bring the cost down.

Med pay and Personal Injury Protection (PIP)

Medical payments and Personal Injury Protection insurance reimburse you for immediate expenses such as doctor visits, prosthetic devices and rehabilitation expenses. They can be used in conjunction with a health insurance plan or if you are not covered by health insurance. It covers not only the driver but also the vehicle occupants and also covers any family member struck as a pedestrian. Personal injury protection coverage is not universally available and may carry a deductible

A penny saved is a penny earned

When trying to cut insurance costs, it’s a bad idea to skimp on critical coverages to save a buck or two. There are too many instances where an insured dropped liability limits or collision coverage only to discover later they didn’t have enough coverage. Your goal should be to purchase a proper amount of coverage at a price you can afford while still protecting your assets.

Drivers switch companies for a number of reasons such as being labeled a high risk driver, poor customer service, policy non-renewal and high rates after DUI convictions. Regardless of your reason, switching insurance companies is pretty simple and you could end up saving a buck or two.

Lower-priced 2002 Chevy Suburban insurance can be purchased on the web and with local insurance agents, so you should be comparing quotes from both in order to have the best price selection to choose from. Some insurance companies do not offer online quoting and many times these small, regional companies only sell through independent insurance agents.

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