How to Save Money on Insurance for your Chevrolet Suburban K1500
If buying auto insurance was as easy as it sounds on TV commercials, we'd have no problem getting the lowest rates. But in reality, the cost for insurance always seems too high and most people would prefer to get a root canal. Finding insurance for your Chevrolet Suburban K1500 that you can actually afford is probably no different.
Step One: Compare Multiple Rate Quotes
Years ago, your local insurance agent was the only way to quote a buy a car insurance policy. Not anymore!
Getting online rate quotes for a Chevrolet Suburban K1500 from all the major insurance companies is very easy and only requires you to enter your information once.
Simply click the link below to start a quote that will compare rates from many companies and you may find a lower rate than you're currently paying.
Important! If you already have liability and physical damage coverage on your Suburban K1500, it's important to keep the same limits and deductibles throughout the quote process. This allows you to fairly compare rates for many companies. If you use different limits and coverages for each quote, you won't be able to judge if the final rate is better or worse than other quotes.
Step Two: Top Ways to Get Lower Suburban K1500 Insurance
If you have completed step one above (if not, please complete that step first), then you are now ready to learn some ways to insure your Suburban K1500 that will also lower the rate you pay irregardless of which company you choose.
- Consider using higher deductibles for physical damage coverages like comprehensive and collision. Higher deductibles save money since you're willing to pay more out-of-pocket at claim time.
- Check your credit rating each year and address any problem areas. Higher credit scores mean lower car insurance rates.
- SUV's tend to have slightly higher insurance rates due to the fact that you can take them offroad and they have a more complex drive train system.
- If your insurance company allows driver-specific car rating, you can save money by rating any teenage drivers on low profile vehicles with either no physical damage coverage or very high deductibles.
- Successfully completing a driver's training class can help lower your rates if your insurance company offers that discount.
- One of the easiest ways to keep your rates down is to drive safe. One speeding ticket can boost your rates for three years.
- If switching companies, always have the effective date of the new policy be identical to the expiration date on the old policy. This prevents a lapse in coverage and companies charge higher rates if you have any lapses.
- If your Chevrolet is equipped with safety features such as airbags, anti-lock brakes or a security system, insurance companies will often give a minor discount for those.
- Owning a home takes financial responsibility, and car insurance companies will often give you a break just for being a homeowner.
- To keep your rates low, don't file excessive claims on your policy. Insurance is meant to cover large losses, not small damage that you can pay for out-of-pocket.
- If you are a senior citizen or belong to a particular professional organization, you may qualify for a break on insurance.
- Vehicles that tend to get stolen or have high repair costs will cost you more to insure. If your Suburban K1500 falls into either category, it could cost you.
Step Three: Bind Coverage and Cancel your Old Policy
Buying a new car insurance policy is just a matter of finalizing your application form and submitting it with your down payment. Once payment has been accepted, coverage is bound the effective date shown on your application.
If you didn't have a prior policy, then you can make the new policy effective any time. But if you're moving bewteen companies and don't want a lapse in coverage, make sure the effective date of the new policy is exactly the same as the cancellation date of the old policy.
If you are adding a vehicle to an existing policy and not buying a new one, just make sure to get the vehicle added as soon as possible. Every insurance company offers a grace period to add new vehicles, so make sure you get the Chevrolet added prior to the expiration of this grace period. Comprehensive (or Other than Collision) and collision coverage will extend to your new Suburban K1500 if you current have a vehicle insured with those coverages. If you aren't insured or only carry basic liability coverage, then you will be inadequately insured until you add the vehicle to your policy with full coverage.
The proof-of-insurance card that is required by state law to be carried in your vehicle can be printed out upon completion of your car insurance policy. If you're considered a high-risk driver, having been convicted of a DUI, DWI, reckless driving or had your license suspended, you may need to file a SR-22. Be sure your new company files this form with your state DMV. Failure to do so can result in losing your right to drive.
Consumer Insurance Information
For more information on car insurance, please visit the Insurance Information Institute's auto insurance informational page.
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