Cheap Lexington Chevy Suburban Insurance

The preferred way to get cheaper Chevy Suburban insurance in Lexington is to compare prices at least once a year from different companies who sell insurance in Kentucky.

First, read and learn about policy coverages and the things you can control to keep rates down. Many factors that cause high rates like speeding tickets, careless driving and a not-so-good credit history can be controlled by making lifestyle changes or driving safer. Keep reading for additional tips to help prevent high rates and find additional discounts you may qualify for.

Second, compare rates from independent agents, exclusive agents, and direct companies. Exclusive agents and direct companies can only quote rates from a single company like GEICO or State Farm, while independent agencies can give you price quotes for a wide range of companies.

Third, compare the price quotes to your existing rates to determine if switching companies saves money. If you can save money and make a switch, make sure there is no coverage gap between policies.

One key aspect of rate comparisons is to use identical coverages on every quote and and to get price estimates from as many different companies as possible. This helps ensure an accurate price comparison and a complete rate analysis.

Smart shoppers know that car insurance companies don’t want you shop around. Drivers who compare price quotes will, in all likelihood, move their business because of the high probability of finding lower rate quotes. Remarkably, a study showed that consumers who regularly compared rates saved on average $850 each year compared to drivers who never compared other company’s rates.

If finding budget-friendly rates on auto insurance is the reason you’re reading this, then learning a little about the best way to shop and compare car insurance can help you be more efficient.

The majority of larger companies make it easy to get prices for coverage direct online. Comparing prices online for Chevy Suburban insurance in Lexington is possible for anyone as you just type in your required coverages into the quote form. Upon sending the form, their quoting system collects your credit score and driving record and returns pricing information based on many factors. The ability to get online rate quotes for Chevy Suburban insurance in Lexington makes it simple to compare prices and it’s necessary to perform this step if you want to get the best rate.

To compare rates now, compare rate quotes from the providers shown below. If you have a policy now, it’s recommended you type in coverages and limits exactly as shown on your declarations page. Doing this assures you will have a fair comparison based on identical coverages.

The providers in the list below are ready to provide quotes in Kentucky. If you want cheaper auto insurance in Lexington, we suggest you get rates from several of them to get the cheapest price.

Chevy Suburban insurance charts and tables

The rate table shown next highlights different insurance costs for Chevy Suburban models. Understanding how car insurance prices are determined is important for drivers to make informed coverage decisions.

Table data assumes single male driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Kentucky minimum liability limits. Discounts applied include safe-driver, homeowner, multi-policy, claim-free, and multi-vehicle. Rate quotes do not factor in specific zip code location which can affect premiums greatly.

Higher deductibles lower rates

One of the hardest decisions when shopping for insurance is how high should the physical damage deductibles be. The premium rates below help summarize the cost difference when you buy lower versus higher coverage deductibles. The first rate estimation uses a $100 deductible for physical damage and the second price grid uses a $500 deductible.

Data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Kentucky minimum liability limits. Discounts applied include homeowner, multi-vehicle, safe-driver, claim-free, and multi-policy. Price estimates do not factor in the specific area where the vehicle is garaged which can affect auto insurance rates considerably.

Based on the above data, using a $100 deductible could cost the average driver approximately $24 more each month or $288 annually than opting for the higher $500 deductible. Because you would be required to pay $400 more to file a claim with a $500 deductible as compared to a $100 deductible, if you have more than 17 months between claims, you would save money by selecting a higher deductible.

Reckless driving habits raise Lexington insurance rates

The information below shows how speeding tickets and at-fault collisions impact Chevy Suburban premium costs for each age group. The rates are based on a married female driver, comprehensive and collision coverage, $1,000 deductibles, and no discounts are applied to the premium.

Full coverage versus liability only rates

The diagram below illustrates the comparison of Chevy Suburban car insurance costs with and without full coverage. The rate quotes are based on no driving violations, no at-fault accidents, $1,000 deductibles, single status, and no discounts are taken into consideration.

When to stop paying for full coverage

There is no clear-cut rule that works best for making the decision to drop full coverage on your policy, but there is a general school of thought. If the annual cost of comprehensive and collision coverage is about 10% or more of any settlement you would receive from your insurance company, then you might want to think about dropping full coverage.

For example, let’s say your Chevy Suburban claim settlement value is $4,000 and you have $1,000 policy deductibles. If your vehicle is severely damaged, the most your company will settle for is $3,000 after paying your policy deductible. If premium cost is more than $300 a year for full coverage, then it’s probably a good time to buy liability coverage only.

There are some situations where eliminating full coverage is not recommended. If you still have a lienholder on your title, you are required to maintain full coverage as part of the loan conditions. Also, if your savings is not enough to buy a different vehicle in the even your car is totaled, you should not remove full coverage.

Three reasons to not skimp on insurance

Even though Lexington Suburban insurance rates can get expensive, buying insurance may not be optional for several reasons.

First, just about all states have mandatory insurance requirements which means you are required to buy a minimum amount of liability if you want to drive legally. In Kentucky these limits are 25/50/10 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.

Second, if you took out a loan on your Chevy Suburban, more than likely the lender will make it a condition of the loan that you buy insurance to ensure loan repayment if the vehicle is totaled. If you do not keep the policy in force, the bank may insure your Chevy for a much higher rate and require you to fork over for the much more expensive policy.

Third, insurance preserves both your car and your assets. Insurance will pay for medical transport and hospital expenses for yourself as well as anyone injured by you. Liability coverage will also pay to defend you if you are sued as the result of an accident. If your vehicle suffers damage from an accident or hail, comprehensive and collision coverage will pay all costs to repair after the deductible has been paid.

The benefits of having insurance are without a doubt worth the cost, particularly when you have a large claim. But the average American driver is overpaying more than $750 every year so compare rates at least once a year to ensure rates are inline.

Learn How to Lower Your Insurance Prices

Part of the car insurance buying process is learning the factors that play a part in calculating the price you pay for car insurance. When you understand what controls the rates you pay, this helps enable you to make changes that could help you find much lower annual insurance costs.

• Cheaper to insure women? – Statistics have proven women are more cautious behind the wheel. Now that doesn’t mean men are WORSE drivers than women. Females and males have auto accidents in similar percentages, but males get into accidents with more damage. They also get more serious tickets like DWI (DUI) or reckless driving.

  The chart below compares Chevy Suburban car insurance rates for male and female drivers. The costs are based on a clean driving record, no claims, full physical damage coverage, $100 deductibles, drivers are not married, and no discounts are applied to the premium.

• Lower premiums for safer vehicles – Cars with high safety ratings get lower rates. Highly rated vehicles help reduce the chance of injuries in an accident and fewer injuries translates directly to fewer claims passed on to you as lower rates. If your Chevy Suburban has ratings of a minimum four stars on Safercar.gov or an “acceptable” rating on iihs.org you may be receiving a better rate.
• Know your credit score – An insured’s credit score is a big factor in determining your rates. So if your credit leaves room for improvement, you could potentially save money when insuring your Chevrolet Suburban by taking the time to improve your credit score. Consumers who have excellent credit tend to file fewer claims and have better driving records than drivers who have lower credit scores.
• Costs are affected by your address – Choosing to live in small towns and rural areas can save you money when trying to find low car insurance rates. Less people translates into fewer accidents and lower theft and vandalism rates. Urban drivers regularly have more auto accidents and a longer drive to work. More time on the road statistically corresponds to a higher accident and claim rate.
• Is your vehicle theft-ready? – Driving a car with anti-theft technology or alarm system can save you a little every year. Advanced theft deterrents like OnStar found on GM vehicles, advanced tracking like LoJack, and vehicle immobilization systems help track and prevent auto theft.

• Age of drivers impacts prices – Older people tend to be more responsible, statistically cause fewer accidents, and receive fewer citations. Inexperience drivers are proven to be less responsible when behind the wheel therefore car insurance rates are much higher.

  The next chart is based on a single driver, full coverage with $250 deductibles, and no discounts or violations.

• Chevy Suburban claim data – Auto insurance companies analyze historical claim data to determine a price that will be profitable for them. Vehicles that tend to have a trend towards higher claim severity or frequency will cost more for coverage. The table below shows the actual insurance loss data for Chevy Suburban vehicles.

  For each policy coverage, the claim probability for all vehicles averaged together is represented as 100. Numbers that are below 100 mean the vehicle has better than average losses, while percentages above 100 show a trend for more claims or an increased chance of a larger loss.

  
  

  Auto Insurance Loss Data for Chevrolet Suburban Models

  Specific Chevrolet 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

  BETTER

  AVERAGE

  WORSE

  Empty fields indicate not enough data collected
  Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years

Get cheaper Chevy Suburban insurance rates in Lexington

Car insurance companies don’t necessarily list all possible discounts in a way that’s easy to find, so the next list breaks down a few of the more common and also the more inconspicuous credits available to you.

• Early Signing – Some insurance companies provide a discount for buying a policy early. This discount can save up to 10%.
• Theft Prevention Discount – Cars that have factory anti-theft systems can help prevent theft and that can save you a little bit as well.
• Discount for Multiple Policies – If you can combine your homeowners and auto policy and insure them with the same company you will save as much as 10 to 15 percent.
• Defensive Driver Discount – Participating in a safe driver course could possibly earn you a 5% discount and also improve your driving technique.
• Air Bags and Passive Restraints – Factory options such as air bags or motorized seat belts can get savings of 25 to 30%.
• Claim-Free Discount – Drivers with accident-free driving histories get the best auto insurance rates in comparison to insureds who have frequent claims or accidents.
• Military Discounts – Having a family member in the military could trigger a small discount.
• Student Discount for Driver Training – Reduce the cost of insurance for teen drivers by having them take driver’s ed class if offered at their school.

One thing to note about discounts is that some of the credits will not apply to the whole policy. Some only reduce specific coverage prices like medical payments or collision. So even though you would think you can get free auto insurance, it just doesn’t work that way. Any amount of discount will help lower your policy premium.

The example below shows the comparison of Chevy Suburban premium costs with and without discounts. The rates are based on a female driver, no violations or accidents, Kentucky state minimum liability limits, full physical damage coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, multi-policy, safe-driver, marriage, homeowner, and claim-free discounts applied.

Companies who might offer most of these discounts include:

• Progressive
• SAFECO
• American Family
• MetLife
• GEICO
• The Hartford

Before buying, ask each company or agent the best way to save money. Savings might not be offered on policies in Lexington.

Auto insurance agents near you

Many drivers still like to talk to a local agent and that is a personal choice. One of the best bonuses of comparing insurance prices online is the fact that drivers can get cheap auto insurance quotes and still have an agent to talk to. Supporting local agents is especially important in Lexington.

Once you complete this quick form, your information is sent to insurance agents in Lexington that can provide free Lexington auto insurance quotes to get your business. There is no need to leave your computer since price quotes are sent immediately to you. You can get cheaper auto insurance rates and a licensed agent to talk to. If you want to compare rates for a specific company, you can always go to their quote page and fill out their quote form.

Compare rates from both independent and exclusive auto insurance agents

If you want to use a local insurance agency, there are two types of insurance agents to choose from. Agents can be categorized as either independent agents or exclusive agents depending on their employer.

Independent Auto Insurance Agents

Independent agencies are appointed with more than one company so they can insure your vehicles through many companies and help determine which has the cheapest rates. If your premiums go up, they can switch companies in-house which is easy for the insured.

When comparing auto insurance rates, you will want to include price quotes from at least one independent agent so that you have a good selection of quotes to compare.

Listed below are Lexington independent insurance agents that may be able to provide comparison quotes.

View more Lexington agents

Exclusive Agents

Agents that elect to be exclusive can only provide pricing for a single company such as Allstate and State Farm. Exclusive agents cannot place coverage with different providers so they have no alternatives for high prices. Exclusive agents receive a lot of sales training on their products and sales techniques which helps offset the inability to provide other markets.

Below are Lexington exclusive insurance agents willing to provide rate quotes.

View more Lexington agents

Choosing the best insurance agent should depend on more than just the bottom line cost. These are some questions your agent should answer.

• What insurance companies do they work with in Lexington?
• Is there a local claims center in Lexington?
• Is working in the agency their full-time job?
• Is the quote a firm price?
• Are they properly licensed to sell insurance in Kentucky?
• Will one accident increase rates?
• Do you have coverage for a rental car if your vehicle is in the repair shop?
• Do they have a Better Business Bureau rating in Lexington?

Best car insurance company in Kentucky

Buying coverage from a high-quality auto insurance provider can be a challenge considering how many choices drivers have in Lexington. The company ratings shown below could help you decide which providers you want to consider purchasing coverage from.

Top 10 Lexington Car Insurance Companies Ranked by Customer Service

1. USAA
2. Travelers
3. AAA Insurance
4. Nationwide
5. Safeco Insurance
6. Progressive
7. State Farm
8. The Hartford
9. The General
10. Esurance

The lowest rates come from being thorough

Some insurance companies may not provide online quoting and these regional insurance providers sell through local independent agents. The cheapest Chevy Suburban insurance in Lexington is possible online in addition to local insurance agencies, so compare prices from both in order to have the best price selection to choose from.

As you quote Lexington auto insurance, make sure you don’t reduce coverage to reduce premium. In many instances, someone sacrificed full coverage only to discover later that it was a big mistake. Your objective should be to purchase plenty of coverage at the best possible price.

In this article, we covered many ideas to compare Chevy Suburban insurance premium rates in Lexington. The key thing to remember is the more times you quote, the higher the chance of saving money. You may even be surprised to find that the best premium rates are with a small local company. These companies may only write in your state and offer lower prices compared to the large companies like Allstate, GEICO and Progressive.

More detailed car insurance information is available by following these links:

• What Determines the Price of My Auto Insurance Policy? (Insurance Information Institute)
• How Much is Car Insurance for Electric Cars in Lexington? (FAQ)
• Who Has Cheap Auto Insurance for Teenage Males in Lexington? (FAQ)
• Child Safety Seats (Insurance Information Institute)
• Prom Night Tips for Teen Drivers (State Farm)
• Insurance losses by make and model (Insurance Institute for Highway Safety)
• Side Impact Crash Tests (iihs.org)