2015 Chevrolet Suburban Insurance Rates – 10 Savings Tips

Feel like you have an overpriced insurance coverage policy? Trust us when we tell you you’re not alone. Lots of insurers contend for your business, so it’s not easy to compare every insurance company to get the best price available.

More affordable rates by applying these ten discounts

Buying insurance is not cheap, but companies offer discounts that you may not know about. A few discounts will be applied at quote time, but once in a while a discount must be inquired about in order for you to get them.

  • Sign Online – Some insurance companies will give a small break just for signing your application on the internet.
  • Discount for Swiching Early – Some insurance companies reward drivers for switching companies before your current coverage expires. This can save 10% or more.
  • Anti-theft Discount – Cars equipped with tracking devices and advanced anti-theft systems have a lower chance of being stolen and therefore earn up to a 10% discount.
  • Life Insurance Discount – Larger companies have a discounted insurance rate on car insurance if you buy life insurance.
  • Multi-Vehicle Discounts – Having primary and secondary vehicles with the same company can reduce the rates for all insured vehicles.
  • Multi-policy Discount – If you can bundle your home and auto insurance with the same company you could earn a discount of at least 10% off all policies.
  • Seat Belt Usage – Buckling up and requiring all passengers to wear their seat belts can save up to 10 percent (depending on the company) on medical payment and PIP coverage.
  • No Claim Discounts – Insureds who avoid accidents and claims can earn big discounts as opposed to insureds who have frequent claims or accidents.
  • No Charge for an Accident – Not necessarily a discount, but certain companies will let one accident slide before they charge you more for coverage if your claims history is clear prior to the accident.
  • Discount for Low Mileage – Driving less may allow you to get lower rates on the low mileage vehicles.

Keep in mind that most of the big mark downs will not be given to the overall cost of the policy. Some only reduce the price of certain insurance coverages like liability, collision or medical payments. Just because you may think all the discounts add up to a free policy, you won’t be that lucky.

Large insurance companies and a partial list of their discounts include:

  • State Farm offers discounts including driver’s education, accident-free, student away at school, safe vehicle, and multiple policy.
  • Nationwide offers discounts for Farm Bureau membership, accident-free, business or organization, easy pay, family plan, and anti-theft.
  • GEICO may offer discounts for air bags, membership and employees, five-year accident-free, emergency military deployment, daytime running lights, and anti-lock brakes.
  • AAA discounts include good student, good driver, education and occupation, pay-in-full, multi-policy, and multi-car.
  • 21st Century has discounts for defensive driver, homeowners, 55 and older, anti-lock brakes, theft prevention, and automatic seat belts.
  • The Hartford includes discounts for defensive driver, driver training, vehicle fuel type, anti-theft, and good student.

Check with each company or agent how many discounts you can get. A few discounts may not apply in your area. To see insurers with the best discounts, click this link.

Your auto insurance coverage should be tailored to you

When buying adequate coverage, there is no cookie cutter policy. Your needs are not the same as everyone else’s and your policy should reflect that. For instance, these questions can help discover whether you would benefit from an agent’s advice.

  • Do I have any recourse if my insurance company denies a claim?
  • Is my 2015 Chevy Suburban covered for flood damage?
  • When would I need additional glass coverage?
  • Do I need more liability coverage?
  • Does my 2015 Chevy Suburban need full coverage?
  • Do I need added coverage for expensive stereo equipment?
  • How high should my uninsured/underinsured coverage be in my state?
  • Am I covered by my employer’s commercial auto policy when driving my personal car for business?
  • Should I sign the liability waiver when renting a car?

If it’s difficult to answer those questions, you might consider talking to a licensed insurance agent. If you don’t have a local agent, take a second and complete this form or you can go here for a list of companies in your area. It only takes a few minutes and you can get the answers you need.

Insurance coverage options for a 2015 Chevy Suburban

Understanding the coverages of your insurance policy helps when choosing the right coverages at the best deductibles and correct limits. Insurance terms can be ambiguous and nobody wants to actually read their policy. Shown next are typical coverages offered by insurance companies.

UM/UIM Coverage

Uninsured or Underinsured Motorist coverage gives you protection when the “other guys” do not carry enough liability coverage. Covered losses include medical payments for you and your occupants and damage to your Chevy Suburban.

Due to the fact that many drivers have only the minimum liability required by law, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked.

Comprehensive or Other Than Collision

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

Comprehensive coverage protects against claims such as hitting a bird, damage from a tornado or hurricane, damage from flooding and falling objects. The maximum payout you’ll receive from a claim is the actual cash value, so if the vehicle’s value is low it’s not worth carrying full coverage.

Medical costs insurance

Med pay and PIP coverage pay for bills like doctor visits, EMT expenses and pain medications. They are used to cover expenses not covered by your health insurance plan or if you are not covered by health insurance. Coverage applies to both the driver and occupants and will also cover if you are hit as a while walking down the street. Personal Injury Protection is not universally available but can be used in place of medical payments coverage

Coverage for liability

This provides protection from injuries or damage you cause to other people or property in an accident. Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see values of 100/300/100 which means $100,000 bodily injury coverage, a limit of $300,000 in injury protection per accident, and a limit of $100,000 paid for damaged property.

Liability coverage protects against claims such as medical expenses, emergency aid and repair bills for other people’s vehicles. The amount of liability coverage you purchase is a decision to put some thought into, but you should buy as large an amount as possible.

Collision protection

This coverage pays for damage to your Suburban resulting from colliding with another vehicle or an object, but not an animal. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision can pay for things such as colliding with another moving vehicle, hitting a mailbox, rolling your car, scraping a guard rail and damaging your car on a curb. This coverage can be expensive, so consider dropping it from lower value vehicles. You can also bump up the deductible in order to get cheaper collision rates.

In any little way, save everyday

Lower-priced 2015 Chevy Suburban insurance can be bought from both online companies in addition to many insurance agents, so you should compare both to have the best selection. Some insurance providers may not offer rate quotes online and most of the time these regional carriers provide coverage only through independent insurance agents.

When searching for low cost insurance quotes, make sure you don’t buy poor coverage just to save money. There are too many instances where someone dropped liability coverage limits only to discover later that it was a big error on their part. Your goal is to get the best coverage possible at the best cost while not skimping on critical coverages.

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