Cheap Chevy Suburban Insurance in Riverside

The recommended way to find cheaper prices for Chevy Suburban insurance is to begin comparing prices regularly from insurance carriers who sell auto insurance in Riverside. This can be done by completing these steps.

An essential thing to point out is that you’ll want to make sure you compare the same level of coverage on every quote and and to get price estimates from every company you can. This ensures the most accurate price comparison and and a good selection of different prices.

Insurance quote for Chevy Suburban in RiversideIt’s a known fact that insurance companies want to prevent you from shopping around. Insureds who shop around for better prices are very likely to buy a different policy because the odds are good of finding a more affordable policy premium. A recent car insurance study discovered that consumers who compared rates annually saved on average $850 each year as compared to drivers who never shopped around.

If finding the most affordable car insurance is your ultimate goal, then learning a little about the best way to shop and compare coverage rates can help you be more efficient.

The Chevy Suburban Insurance Rate Equation

Smart consumers have a good feel for a few of the rating criteria that help calculate the level of your policy premiums. If you know what determines base rates, this enables informed choices that can help you get lower rates.

Save money by staying claim free – If you’re an insured who likes to file claims you should expect higher rates. Companies in California provide better rates to policyholders who do not rely on their insurance for small claims. Auto insurance is meant to be used in the event of the bigger claims that can’t be paid out-of-pocket.

Vehicle risk influences prices – The make and model of the vehicle you are trying to find cheaper insurance for makes a big difference in your car insurance bill. Small economy passenger models usually have the lowest premiums, but other factors influence the final cost greatly.

The following chart uses these assumptions: single female driver age 30, full coverage with $500 deductibles, and no discounts or violations. It illustrates Chevrolet Suburban car insurance rates compared to other vehicles that have different risk factors.

Know your vehicle’s NHTSA crash test rating – Safer cars tend to have lower insurance rates. Vehicles engineered for safety reduce occupant injuries and fewer injuries translates into savings for insurance companies and thus lower rates.

Are you male or female? – Over time, data shows women are more cautious behind the wheel. However, this does not mean men are WORSE drivers than women. Both sexes get in auto accidents at about the same rate, but guys tend to have more serious accidents. Men also statistically get higher numbers of serious violations like driving under the influence (DUI).

The example below shows the comparison of Chevy Suburban insurance rates for male and female drivers. The data assumes no accidents or driving violations, comprehensive and collision coverage, $250 deductibles, drivers are single, and no additional discounts are factored in.

Chevy Suburban historical loss data – Auto insurance companies factor in insurance loss information to help set a rate to offset losses. Vehicles that tend to have higher claim amounts or frequency will have higher rates. The information below illustrates the loss history for Chevy Suburban vehicles.

For each type of coverage, the claim amount for all vehicles combined as an average is represented as 100. Values that are under 100 suggest a positive loss record, while percentages above 100 show a trend for more claims or tendency to have larger claims.

Chevrolet Suburban Insurance Claim Statistics
Vehicle Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Chevrolet Suburban 1500 4dr 2WD 90 92 90 67
Chevrolet Suburban 1500 4dr 4WD 109 113 124 72 70

Empty fields indicate not enough data collected
Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Coverage statistics and figures

The rate information shown next covers different insurance policy prices for Chevy Suburban models. Learning as much as possible about how insurance rates are established can be valuable when making smart choices when buying a car insurance policy.

Chevrolet Suburban Insurance Rates in Riverside, CA
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Suburban LS 2WD $490 $686 $578 $34 $174 $1,962 $164
Suburban LT 2WD $490 $686 $578 $34 $174 $1,962 $164
Suburban LS 4WD $490 $686 $578 $34 $174 $1,962 $164
Suburban LT 4WD $490 $686 $578 $34 $174 $1,962 $164
Suburban LTZ 2WD $490 $810 $578 $34 $174 $2,086 $174
Suburban LTZ 4WD $546 $810 $578 $34 $174 $2,142 $179
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Data variables include single male driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and California minimum liability limits. Discounts applied include multi-policy, claim-free, safe-driver, multi-vehicle, and homeowner. Table data does not factor in vehicle garaging location which can impact prices considerably.

Physical damage deductibles

When buying car insurance, a common question is which deductibles should you choose. The comparisons below can help show how much more rates are between low and high physical damage deductibles. The first data table uses a $250 deductible for comp and collision and the second price grid uses a $1,000 deductible.

Chevrolet Suburban insurance premium estimates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Suburban LS 2WD $386 $576 $442 $26 $132 $1,587 $132
Suburban LT 2WD $386 $576 $442 $26 $132 $1,587 $132
Suburban LS 4WD $386 $576 $442 $26 $132 $1,587 $132
Suburban LT 4WD $386 $576 $442 $26 $132 $1,587 $132
Suburban LTZ 2WD $386 $678 $442 $26 $132 $1,689 $141
Suburban LTZ 4WD $430 $678 $442 $26 $132 $1,733 $144
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Chevrolet Suburban insurance premium estimates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Suburban LS 2WD $238 $362 $442 $26 $132 $1,200 $100
Suburban LT 2WD $238 $362 $442 $26 $132 $1,200 $100
Suburban LS 4WD $238 $362 $442 $26 $132 $1,200 $100
Suburban LT 4WD $238 $362 $442 $26 $132 $1,200 $100
Suburban LTZ 2WD $238 $426 $442 $26 $132 $1,264 $105
Suburban LTZ 4WD $266 $426 $442 $26 $132 $1,292 $108
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Above prices assume married male driver age 30, no speeding tickets, no at-fault accidents, and California minimum liability limits. Discounts applied include homeowner, safe-driver, multi-vehicle, multi-policy, and claim-free. Rates do not factor in specific garaging location which can raise or lower rates noticeably.

Based on the data above, we can derive that using a $250 deductible would cost the average driver about $34 more each month or $408 annually than opting for the higher $1,000 deductible. Due to the fact that you would have to pay $750 more to file a claim with a $1,000 deductible as compared to a $250 deductible, if you have more than 22 months between claim filings, you would most likely save money if you choose the higher deductible.

How to determine if higher deductibles are a good idea

Average monthly premium for $250 deductibles: $136
Average monthly premium for $1,000 deductibles (subtract): – $102
Monthly savings from raising deductible: $34
Difference between deductibles ($1,000 – $250): $750
Divide difference by monthly savings: $750 / $34
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 22 months

One important note is that increasing deductibles to lower your rates means you will have to pay more when you have a physical damage claim. You will want to have some funds available in the event you need to pay more for the deductible.

Does full coverage make sense?

The chart below compares Chevy Suburban yearly insurance costs when comparing full coverage to state minimum liability only. The premiums are based on no accidents or driving violations, $1,000 deductibles, single status, and no discounts are applied to the premium.

Are you wasting money paying for full coverage?

There is no exact rule to exclude comprehensive and collision coverage on your policy, but there is a general guideline. If the yearly cost of full coverage is more than 10% of replacement cost minus your deductible, then you might want to think about dropping full coverage.

For example, let’s assume your Chevy Suburban book value is $7,000 and you have $1,000 policy deductibles. If your vehicle is destroyed, the most your company will settle for is $6,000 after paying your policy deductible. If you are paying more than $600 annually for full coverage, then you might want to think about dropping full coverage.

There are some cases where dropping full coverage is not in your best interest. If you still owe money on your vehicle, you must maintain physical damage coverage as part of the loan conditions. Also, if your finances do not allow you to purchase a different vehicle if your current one is in an accident, you should keep full coverage on your policy.

Chevy Suburban insurance discounts in Riverside

Car insurance is expensive, but you might already qualify for some discounts that you may not even be aware of. Certain discounts will be triggered automatically at the time of quoting, but some may not be applied and must be specially asked for in order for you to get them.Save money with discounts

We need to note that most of the big mark downs will not be given to the overall cost of the policy. Most only reduce individual premiums such as comprehensive or collision. Just because you may think having all the discounts means you get insurance for free, companies don’t profit that way.

The diagram below shows the comparison of Chevy Suburban premium costs with and without discounts applied to the premium. The data is based on a male driver, no claims or violations, California state minimum liability limits, comp and collision included, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, multi-car, claim-free, homeowner, multi-policy, and safe-driver discounts applied.

Some of the insurance companies that may offer policyholders most of these discounts possibly include:

When getting free Riverside car insurance quotes, it’s a good idea to every prospective company how you can save money. Discounts might not be available to policyholders in Riverside. To choose insurance companies with the best Chevy Suburban insurance discounts in Riverside, click here to view.

Don’t give up on cheap coverage

Insureds switch companies for any number of reasons including high rates after DUI convictions, being labeled a high risk driver, extreme rates for teen drivers or even denial of a claim. It doesn’t matter why you want to switch switching insurance companies can be easier than you think.

There are still a few companies who may not provide rates over the internet and many times these smaller companies prefer to sell through independent agencies. Discount Chevy Suburban insurance is possible from both online companies in addition to local insurance agencies, and you need to comparison shop both to have the best rate selection.

When getting Riverside car insurance quotes online, make sure you don’t buy poor coverage just to save money. Too many times, someone sacrificed physical damage coverage and learned later that their decision to reduce coverage ended up costing them more. Your focus should be to purchase plenty of coverage at the best cost and still be able to protect your assets.

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