Do you get exhausted from sacrificing other expenses to make your auto insurance payment? You are no different than many other consumers. Insurance companies such as Allstate, Progressive and GEICO all claim big savings, bombarding you with TV and radio ads and it is challenging if not impossible to ignore the flashy ads and find the best price available.
Consumers should take time to get comparison quotes before your next renewal because rates are rarely the same from one policy term to another. Just because you found the lowest premium rates on Suburban insurance a couple years back you can probably find a better price now. Ignore everything you know about auto insurance because we’re going to show you the easiest way to reduce your cost while increasing coverage.
If you have a policy now or need a new policy, you can learn to cut your premiums while maintaining coverages. Choosing the best insurance company for you is not rocket science. Vehicle owners just need to know the most effective way to compare price quotes over the internet.
Shopping for lower insurance rates is a ton of work if you don’t know the fastest way to get free quotes. You could waste time discussing policy coverages with agents in your area, or you can stay home and use online quotes to maximize your effort.
Most of the larger companies participate in an industry program where prospective buyers submit their information once, and every company can provide price quotes determined by their information. This prevents consumers from doing quote requests for every insurance company.
To find out how much you can save on insurance click here (opens in new window).
The one disadvantage to getting quotes like this is you are unable to specify the companies to receive prices from. If you prefer to choose from a list of companies to compare rates, we have assembled a list of the cheapest insurance companies in your area. View list of insurance companies.
The method you choose is up to you, but make sure you are using identical quote data with every price quote. If the quotes have unequal deductibles or liability limits it will be impossible to determine which company has the best rates.
Auto insurance is easily one of your largest bills, but you may find discounts that many people don’t even know exist. A few discounts will automatically apply at the time of quoting, but a few must be manually applied prior to receiving the credit.
Discounts reduce rates, but you should keep in mind that most of the big mark downs will not be given to the overall cost of the policy. Some only apply to individual premiums such as comp or med pay. Even though the math looks like all the discounts add up to a free policy, companies wouldn’t make money that way. Any amount of discount will help lower the amount you have to pay.
Some of the larger companies that may include some of the above discounts include:
Check with each insurance company which discounts they offer. Some of the earlier mentioned discounts might not be offered in every state. If you would like to view providers that provide some of the discounts listed above, follow this link.
When choosing adequate coverage for your vehicles, there is no “best” method to buy coverage. Each situation is unique so your insurance should reflect that These are some specific questions can aid in determining whether you will benefit from professional help.
If it’s difficult to answer those questions but one or more may apply to you then you might want to talk to an insurance agent. To find lower rates from a local agent, complete this form or go to this page to view a list of companies. It’s fast, free and can help protect your family.
Learning about specific coverages of your insurance policy helps when choosing the right coverages and proper limits and deductibles. Insurance terms can be impossible to understand and nobody wants to actually read their policy. Below you’ll find typical coverages found on most insurance policies.
Collision insurance will pay to fix damage to your Suburban from colliding with a stationary object or other vehicle. You will need to pay your deductible then the remaining damage will be paid by your insurance company.
Collision insurance covers claims like crashing into a ditch, damaging your car on a curb and rolling your car. Collision coverage makes up a good portion of your premium, so consider removing coverage from lower value vehicles. Another option is to choose a higher deductible to bring the cost down.
Comprehensive insurance coverage pays to fix your vehicle from damage from a wide range of events other than collision. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.
Comprehensive insurance covers things like fire damage, theft, rock chips in glass and hitting a deer. The maximum payout your insurance company will pay is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value consider dropping full coverage.
Uninsured or underinsured coverage
Uninsured or Underinsured Motorist coverage provides protection when the “other guys” do not carry enough liability coverage. This coverage pays for injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.
Since a lot of drivers only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. So UM/UIM coverage is very important. Usually your uninsured/underinsured motorist coverages are similar to your liability insurance amounts.
Liability insurance protects you from injuries or damage you cause to people or other property in an accident. It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. You might see policy limits of 25/50/25 that means you have $25,000 in coverage for each person’s injuries, a limit of $50,000 in injury protection per accident, and a limit of $25,000 paid for damaged property. Occasionally you may see one limit called combined single limit (CSL) which combines the three limits into one amount and claims can be made without the split limit restrictions.
Liability coverage pays for things like court costs, repair bills for other people’s vehicles, medical services and attorney fees. How much liability should you purchase? That is up to you, but consider buying as large an amount as possible.
Medical expense coverage
Personal Injury Protection (PIP) and medical payments coverage provide coverage for bills for prosthetic devices, ambulance fees, dental work and EMT expenses. The coverages can be utilized in addition to your health insurance policy or if you are not covered by health insurance. Coverage applies to you and your occupants in addition to any family member struck as a pedestrian. PIP is not available in all states and gives slightly broader coverage than med pay
When shopping online for insurance coverage, it’s not a good idea to skimp on coverage in order to save money. There are too many instances where drivers have reduced liability limits or collision coverage and discovered at claim time that the small savings ended up costing them much more. Your aim should be to get the best coverage possible at the best price, but don’t skip important coverages to save money.
We just covered a lot of techniques to reduce 2000 Chevy Suburban insurance car insurance rates online. The key thing to remember is the more price quotes you have, the more likely it is that you will get a better rate. Consumers could even find that the lowest car insurance rates come from some of the lesser-known companies. Some small companies can often provide lower premium rates in certain areas compared to the large companies like Allstate or State Farm.
Much more information about insurance coverage can be read at these links: