It's amazing but over 70% of consumers have remained with the same car insurance company for at least four years, and nearly half have never shopped around. The average driver in the U.S. could save almost 47% every year, but they just assume it's a time-consuming process to go online and compare rates.
Really, the only way to find affordable quotes for Chevy Suburban insurance in Columbus is to compare prices at least once a year from providers in Ohio. Rate comparisons can be done by following these steps.
- Gain an understanding of individual coverages and the changes you can make to prevent rate increases. Many things that cause high rates like traffic violations, accidents, and a negative credit rating can be improved by making minor driving habit or lifestyle changes. Continue reading for tips to help prevent high rates and get additional discounts that may be available.
- Request price quotes from direct, independent, and exclusive agents. Exclusive agents and direct companies can give quotes from a single company like Progressive or State Farm, while agents who are independent can give you price quotes for a wide range of companies.
- Compare the price quotes to your existing rates and see if you can save money. If you can save some money and make a switch, make sure there is no lapse between the expiration of your current policy and the new one.
- Provide adequate notice to your current company to cancel your current policy. Submit the signed application along with the required initial payment for your new policy. As soon as you can, store the certificate of insurance somewhere easily accessible.
A key point to remember is to try to compare the same deductibles and limits on every price quote and to quote with as many different insurance providers as possible. This provides the most accurate price comparison and maximum price selection.
If you're already insured, you will definitely be able to shop for the lowest rates using the ideas presented in this article. Finding the cheapest auto insurance coverage in Columbus is not rocket science. But Ohio drivers should learn how insurance companies set your policy premium because rates fluctuate considerably.
There are several ways to compare rate quotes from companies that offer insurance in Ohio. The best way to compare Chevy Suburban insurance prices is simply to get online rate quotes.
Getting quotes online is very simple and it takes the place of having to waste gas driving to each insurance agency near you. Comparing Chevy Suburban insurance rate quotes online makes this process obsolete unless you have a need for the professional abilities of a local Columbus agent. It is possible with some companies get prices online but buy from a local insurance agent.
It's important to know that more quotes helps you find more affordable insurance. Not every company provides online price quotes, so it's necessary to compare price quotes from the smaller companies as well.
The providers in the list below provide comparison quotes in Columbus, OH. If more than one company is shown, it's highly recommended you visit as many as you can in order to get a fair rate comparison.
Analysis of Chevy Suburban rates
The information displayed below highlights estimates of coverage costs for Chevy Suburban models. Having a better idea how insurance policy premiums are calculated can help drivers make smart choices when comparing insurance rates.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Suburban LS 2WD||$170||$290||$256||$16||$76||$808||$67|
|Suburban LT 2WD||$170||$290||$256||$16||$76||$808||$67|
|Suburban LS 4WD||$170||$290||$256||$16||$76||$808||$67|
|Suburban LT 4WD||$170||$290||$256||$16||$76||$808||$67|
|Suburban LTZ 2WD||$170||$342||$256||$16||$76||$860||$72|
|Suburban LTZ 4WD||$190||$342||$256||$16||$76||$880||$73|
|Get Your Own Custom Quote Go|
Prices based on single female driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Ohio minimum liability limits. Discounts applied include multi-policy, homeowner, safe-driver, multi-vehicle, and claim-free. Prices do not factor in vehicle garaging location which can increase or decrease price quotes considerably.
The information below highlights how deductible choice and can increase or decrease Chevy Suburban premium costs for different insured age categories. The data assumes a single female driver, full coverage, and no discounts are factored in.
Safe drivers pay less for insurance
The chart below demonstrates how citations and at-fault claims raise Chevy Suburban annual premium costs for each age group. The premiums are based on a married male driver, full coverage, $100 deductibles, and no policy discounts are applied.
Comparison of full coverage and liability-only policies
The illustration below illustrates the difference between Chevy Suburban car insurance rates with full physical damage coverage and with liability coverage only. The premium estimates are based on no claims, a clean driving record, $500 deductibles, drivers are single, and no discounts are taken into consideration.
When to stop buying physical damage coverage
There isn't a steadfast formula to delete physical damage coverage, but there is a general guideline you can use. If the annual cost of your full coverage insurance is more than about 10% of the replacement cost of your vehicle minus the policy deductible, then it might be time to buy liability only.
For example, let's pretend your Chevy Suburban settlement value is $6,000 and you have $1,000 physical damage deductibles. If your vehicle is destroyed, the most you would receive is $5,000 after the deductible is paid. If premiums are more than $500 a year for your policy with full coverage, then it may be the right time to buy liability only.
There are a few situations where removing full coverage is not advised. If you haven't satisfied your loan, you must maintain physical damage coverage as part of the loan requirements. Also, if your emergency fund is not enough to purchase a different vehicle in the event your current vehicle is totaled, you should keep full coverage in place.
Cheaper Columbus auto insurance rates with discounts
Companies offering auto insurance don't always publicize all available discounts very well, so here is a list both well-publicized and also the more inconspicuous discounts that may be available.
- Theft Prevention System - Cars and trucks equipped with anti-theft or alarm systems are stolen less frequently and therefore earn up to a 10% discount.
- Accident Waiver - This isn't a discount exactly, but certain companies will turn a blind eye to one accident without the usual rate increase so long as you are claim-free for a particular time prior to the accident.
- Bundle and Save - When you combine your auto and homeowners insurance and insure them with the same company they may give you a discount of over 10 percent off each policy depending on the company.
- ABS Brakes - Cars and trucks that have steering control and anti-lock brakes are much safer to drive and earn discounts up to 10%.
- New Car Discount - Buying auto insurance coverage on a new vehicle can save up to 30% since new model year vehicles are generally safer.
Just know that most discounts do not apply to all coverage premiums. Most only cut individual premiums such as medical payments or collision. So when it seems like having all the discounts means you get insurance for free, companies wouldn't make money that way.
The illustration below shows the comparison of Chevy Suburban insurance costs with and without discounts applied to the premium. The prices are based on a male driver, a clean driving record, no at-fault accidents, Ohio state minimum liability limits, comp and collision included, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, marriage, safe-driver, multi-policy, homeowner, and claim-free discounts applied.
A list of auto insurance companies and some of their more popular discounts are outlined below.
- The Hartford may offer discounts for bundle, air bag, driver training, good student, and anti-theft.
- American Family offers discounts including good student, good driver, accident-free, bundled insurance, TimeAway discount, and Steer into Savings.
- Progressive may have discounts that include good student, homeowner, continuous coverage, online signing, multi-policy, multi-vehicle, and online quote discount.
- Travelers offers discounts for IntelliDrive, student away at school, multi-policy, hybrid/electric vehicle, save driver, home ownership, and payment discounts.
- Farmers Insurance has savings for distant student, business and professional, bundle discounts, multi-car, mature driver, and youthful driver.
- USAA may include discounts for good student, vehicle storage, safe driver, multi-vehicle, annual mileage, new vehicle, and driver training.
- Liberty Mutual policyholders can earn discounts including newly retired, safety features, good student, multi-policy, hybrid vehicle, and multi-car.
Double check with every company what discounts are available to you. A few discounts may not be offered in your area. To locate auto insurance companies that have a full spectrum of discounts in Columbus, click here.
Three good reasons to insure your vehicle
Despite the high insurance cost for a Chevy Suburban in Columbus, insuring your vehicle is most likely required but also gives you several important benefits.
First, the majority of states have mandatory insurance requirements which means you are required to carry specific limits of liability insurance coverage in order to get the vehicle licensed. In Ohio these limits are 25/50/25 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
Second, if you took out a loan on your Suburban, most lenders will have a requirement that you buy insurance to ensure the loan is repaid in case of a total loss. If you cancel or allow the policy to lapse, the lender may have to buy a policy to insure your Chevy at an extremely high rate and force you to pay the higher price.
Third, insurance safeguards not only your Chevy but also your assets. Insurance will also pay for medical bills for not only you but also any passengers injured in an accident. Liability insurance, one of your policy coverages, also pays for attorney fees and expenses if anyone sues you for causing an accident. If you receive damage to your vehicle caused by a storm or accident, comprehensive and collision coverage will pay to repair the damage.
The benefits of buying enough insurance are definitely more than the cost, especially for larger claims. As of last year, the average driver in Ohio overpays as much as $825 a year so shop around every year to ensure rates are inline.
When do I need an agent's advice?
Always remember that when buying your policy for your personal vehicles, there really is no perfect coverage plan. Your needs are unique to you so your insurance needs to address that. These are some specific questions might point out whether you would benefit from an agent's advice.
- Am I covered if I wreck a rental car?
- Why are teen drivers so expensive to add on to my policy?
- Does my car insurance cover rental cars?
- Are my tools covered if they get stolen from my vehicle?
- What is covered by UM/UIM coverage?
- What if I owe more than I can insure my car for?
- I have health insurance so do I need medical payments coverage?
If it's difficult to answer those questions but you know they apply to you then you might want to talk to a licensed insurance agent. To find lower rates from a local agent, complete this form or you can go here for a list of companies in your area.
Local insurance agents
A small number of people still like to have an agent's advice and that is just fine! One of the benefits of comparing insurance prices online is that you can find lower rates and still have an agent to talk to.
To make it easy to find an agent, after completing this short form, your information is transmitted to companies in Columbus that give free quotes for your coverage. It simplifies rate comparisons since you won't have to leave your house because quoted prices will be sent to the email address you provide. You can find lower rates and work with a local agent. In the event you want to compare prices from a specific auto insurance provider, you can always find their quoting web page and submit a quote form there.
Selecting an company requires more thought than just the premium amount. Here are some questions to ask:
- Does the company allow you to choose your own collision repair facility?
- Can they help ensure a fair claim settlement?
- When do they do a full risk review?
- Do they see any coverage gaps in your plan?
- Are they paid to recommend certain coverages?
- Is the agency involved in supporting local community causes?
Educate yourself about car insurance coverages
Having a good grasp of your policy aids in choosing appropriate coverage and proper limits and deductibles. Policy terminology can be difficult to understand and nobody wants to actually read their policy. Below you'll find the usual coverages found on most car insurance policies.
Auto liability insurance
Liability insurance protects you from damage or injury you incur to other's property or people in an accident. This insurance protects YOU from claims by other people. It does not cover damage sustained by your vehicle 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 might see limits of 25/50/25 which stand for a limit of $25,000 per injured person, a limit of $50,000 in injury protection per accident, and a limit of $25,000 paid for damaged property.
Liability can pay for claims like emergency aid, medical expenses and legal defense fees. How much coverage you buy is a personal decision, but it's cheap coverage so purchase as large an amount as possible. Ohio state minimum liability requirements are 25/50/25 but you should consider buying more liability than the minimum.
The illustration below shows why buying the state minimum limits may not provide adequate coverage.
This coverage will pay to fix damage to your Suburban from colliding with an object or car. You first must pay a deductible then your collision coverage will kick in.
Collision insurance covers things such as hitting a parking meter, driving through your garage door and colliding with a tree. Paying for collision coverage can be pricey, so consider dropping it from older vehicles. It's also possible to increase the deductible on your Suburban to save money on collision insurance.
Comprehensive (Other than Collision)
This coverage will pay to fix damage OTHER than collision with another vehicle or object. You first must pay your deductible and then insurance will cover the rest of the damage.
Comprehensive can pay for things like a broken windshield, fire damage, rock chips in glass and falling objects. The highest amount a car insurance company will pay at claim time is the market value of your vehicle, so if it's not worth much more than your deductible it's probably time to drop comprehensive insurance.
Protection from uninsured/underinsured drivers
This protects you and your vehicle's occupants when other motorists either are underinsured or have no liability coverage at all. It can pay for hospital bills for your injuries as well as your vehicle's damage.
Since a lot of drivers carry very low liability coverage limits (which is 25/50/25), their liability coverage can quickly be exhausted. So UM/UIM coverage is important protection for you and your family.
Medical expense insurance
Personal Injury Protection (PIP) and medical payments coverage kick in for immediate expenses like X-ray expenses, hospital visits and funeral costs. They can be used to cover expenses not covered by your health insurance program or if you do not have health coverage. It covers all vehicle occupants and also covers getting struck while a pedestrian. Personal injury protection coverage is not available in all states but it provides additional coverages not offered by medical payments coverage