2002 Suzuki XL-7 Insurance Cost

Searching for the cheapest insurance rates for your Suzuki XL-7? Have you finally had enough of paying out the nose to make your insurance payment? You’re in the same situation as millions of other consumers.

Since you have so many insurance providers from which to choose, it can be hard to choose a more affordable insurance provider.

It is always a good idea to quote other rates quite often because rates change frequently. Just because you found the lowest premium rates for XL-7 insurance a couple years back you will most likely find a better price today. Forget all the misinformation about insurance because I’m going to let you in on the secrets to how to use the internet to find better coverage at a better price.

The purpose of this post is to teach you how to effectively get price quotes and some tips to save money. If you currently have a car insurance policy, you should be able to save some money using this strategy. But drivers should learn the way insurance companies compete online and use this information to your advantage.

How to buy auto insurance online

There are a variety of methods to compare auto insurance quotes, but some are less labor-intensive and much quicker. You could waste time discussing policy coverages with agents in your area, or you could use the internet for quick rates.

Most major companies are enrolled in a marketplace that allows shoppers to submit one quote, and each participating company then gives them pricing determined by their information. This prevents consumers from doing form submissions to each individual auto insurance company. To fill out one form to compare multiple rates now click to open in new window.

The only downside to doing it this way is you don’t know exactly the insurers you want to price. So if you want to choose individual companies to compare rates, we have a listing of low cost auto insurance companies in your area. Click here for list of insurance companies.

Which method you use is up to you, but make darn sure you compare nearly identical coverage limits and deductibles with every price quote. If you are comparing mixed coverages you will not be able to make a fair comparison for your Suzuki XL-7. Having just a slight variation in coverages can result in a big premium difference. And when quoting auto insurance, remember that comparing a large number of companies gives you a better chance of getting better pricing.

Ten discounts to earn cheaper auto insurance rates

The price of auto insurance can be rather high, but there are discounts available to cut the cost considerably. Some trigger automatically when you get a quote, but a few must be requested specifically before they will apply. If you aren’t receiving every discount you deserve, you are paying more than you should be.

Pay Now and Pay Less – If you can afford to pay the entire bill instead of making monthly payments you may have a lower total premium amount.
Data Collection Discounts – Policyholders that allow their insurance company to analyze driving manner by using a telematics device such as Progressive’s Snapshot may get a rate reduction if they are good drivers.
Homeowners Discount – Just owning your own home can save you money because of the fact that having a home demonstrates responsibility.
E-sign Discounts – Some of the larger companies will give you a small discount for buying a policy and signing up digitally online.
Active Military Service – Being deployed with a military unit may qualify for rate reductions.
Life Insurance Discount – Larger insurance companies have a break if you buy life insurance.
Professional Organizations – Belonging to qualifying employment or professional organizations could qualify you for a break when shopping for auto insurance.
Accident Forgiveness Coverage – but companies like GEICO and Liberty Mutual will let one accident slide before hitting you with a surcharge if you are claim-free for a specific time period.
Driver’s Education for Students – Teen drivers should participate in a local driver’s education class in high school.
Good Student Discount – Being a good student can earn a discount of 20% or more. The good student discount can last well after school through age 25.

Don’t be surprised that some credits don’t apply to your bottom line cost. Most only cut individual premiums such as liability and collision coverage. So even though it sounds like adding up those discounts means a free policy, it doesn’t quite work that way. Any qualifying discounts will bring down your overall bill.

A few popular companies and a partial list of their discounts are:

GEICO includes discounts for multi-vehicle, emergency military deployment, anti-theft, air bags, and federal employee.
Travelers may offer discounts for new car, driver training, student away at school, early quote, good student, and IntelliDrive.
Farm Bureau may include discounts for good student, multi-vehicle, 55 and retired, multi-policy, youthful driver, and renewal discount.
Liberty Mutual offers discounts for safety features, multi-car, hybrid vehicle, exclusive group savings, and good student.
American Family has savings for mySafetyValet, bundled insurance, good student, good driver, accident-free, and defensive driver.
Progressive may have discounts that include multi-policy, multi-vehicle, homeowner, continuous coverage, good student, and online signing.

If you want cheaper insurance coverage quotes, ask all the companies what discounts are available to you. Savings might not be offered on policies everywhere.

Tailor your insurance coverage to you

When it comes to choosing adequate coverage, there isn’t really a “perfect” insurance plan. Each situation is unique so this has to be addressed. Here are some questions about coverages that can aid in determining if you might need an agent’s assistance.

Where can I get insurance after a DUI in my state?
How do I file an SR-22 for a DUI in my state?
Am I covered if I break a side mirror?
Can I get a multi-policy discount?
What happens if I owe more than my 2002 Suzuki XL-7 is worth?
Will filing a claim cost me more?
How much can I save by bundling my policies?

If you can’t answer these questions but one or more may apply to you, you may need to chat with a licensed agent. If you want to speak to an agent in your area, complete this form or you can also visit this page to select a carrier

Auto insurance 101

Understanding the coverages of your policy can help you determine which coverages you need for your vehicles. Car insurance terms can be confusing and nobody wants to actually read their policy. Listed below are the normal coverages found on most car insurance policies.

Med pay and Personal Injury Protection (PIP)

Coverage for medical payments and/or PIP pay for expenses for things like rehabilitation expenses, X-ray expenses, hospital visits, chiropractic care and pain medications. They are often used in conjunction with a health insurance plan or if you are not covered by health insurance. Medical payments and PIP cover you and your occupants and will also cover any family member struck as a pedestrian. PIP coverage is not available in all states and gives slightly broader coverage than med pay

Comprehensive insurance

Comprehensive insurance covers damage that is not covered by collision coverage. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for things like hail damage, a tree branch falling on your vehicle, damage from a tornado or hurricane, fire damage and damage from flooding. The most your car insurance company will pay 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

Collision insurance pays for damage to your XL-7 resulting from a collision with another car or object. A deductible applies then the remaining damage will be paid by your insurance company.

Collision coverage pays for things such as rolling your car, hitting a parking meter, hitting a mailbox and damaging your car on a curb. Collision is rather expensive coverage, so consider dropping it from older vehicles. You can also increase the deductible to bring the cost down.

Auto liability insurance

This can cover injuries or damage you cause to other people or property in an accident. It protects YOU against other people’s claims. It does not cover damage sustained by your vehicle in an accident.

Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. You might see values of 25/50/25 that translate to a $25,000 limit per person for injuries, a total of $50,000 of bodily injury coverage per accident, and a limit of $25,000 paid for damaged property. Alternatively, you may have one number which is a combined single limit which combines the three limits into one amount rather than limiting it on a per person basis.

Liability coverage pays for things like attorney fees, bail bonds, loss of income, repair costs for stationary objects and repair bills for other people’s vehicles. How much coverage you buy is a personal decision, but you should buy as much as you can afford.

Uninsured/Underinsured Motorist (UM/UIM)

This coverage gives you protection when other motorists are uninsured or don’t have enough coverage. This coverage pays for medical payments for you and your occupants as well as your vehicle’s damage.

Because many people have only the minimum liability required by law, their liability coverage can quickly be exhausted. So UM/UIM coverage is a good idea. Most of the time these limits do not exceed the liability coverage limits.

2002 Suzuki XL-7 Insurance Cost – 10 Tips to Save