There are a lot of factors that contribute to the amount of money a driver pays for car insurance. This has to do with the car's value and safety ratings, as well as the driver's personal information.
Shopping around and contacting multiple insurers to get the lowest rates can be time-consuming.
Consulting an independent insurance agent allows you to quickly get multiple quotes from different insurance companies. You'll get the help you need with a single point of contact. An independent agent can help you get car insurance personalized for you and your Chevy Suburban.
What Types of Auto Insurance Coverage Do You Need for Your Chevy Suburban?
Bodily injury liability
In many states, you must carry a minimum amount of bodily injury liability. This coverage pays for the cost of medical care and recovery if you cause an accident and the other party is injured.
Property damage liability
Property damage liability is also required in many states. This policy pays for damage to someone else's property resulting from an accident you caused.
Medical payments/personal injury protection
Medical payments insurance and personal injury protection isn't required or even available in every state. Talk with your agent about the requirements and the pros and cons of this coverage. It pays for costs of physical recovery for you and your passengers after an accident, no matter who is at fault.
Uninsured motorist coverage
Not every driver has enough insurance coverage. Many people choose to skip liability insurance to save money, even if doing so is illegal. Uninsured and underinsured motorist coverage offers financial protection if you are in an accident that is the fault of an uninsured driver.
Collision insurance coverage pays to repair or replace your Chevy if you are in a crash with another car. This policy is part of "full coverage" insurance, so it may not be right for every Suburban owner. Your lender may require you to carry collision insurance coverage on your SUV if you have a loan or lease.
If you are in an accident caused by hitting an animal, your SUV is hit by a falling object, or you are the victim of auto theft, you'll need comprehensive insurance coverage to get your repair bill paid for or your car replaced. This coverage may also be required by your lender.
This inexpensive optional policy pays to replace your SUV's glass no matter the reason for the breakage. It costs just a few dollars per month and is a zero-deductible policy.
You may need gap insurance if the outstanding amount of your loan or lease is more than your Suburban's fair market value. If you are in an accident that's a total loss, you are legally liable for paying off your lender, even if the insurance settlement doesn't cover the entire debt. Gap insurance handles the "gap" between what you owe and the amount the insurance company pays.
What Affects the Cost of Insurance for Your Chevy Suburban?
Annual mileage: If you drive more than 10,000 to 15,000 miles yearly, expect to pay slightly higher premiums for auto insurance on your Suburban.
Your driving record: With a clean driving record, you'll pay a lower insurance rate than drivers with at-fault accidents or moving violations.
The value of your vehicle: A vehicle's MSRP weighs heavily on the overall cost to insure it. For most insurance companies, the cost of the vehicle is the primary consideration when issuing rate quotes. A fully loaded Suburban costing $60,000 or more will have a higher insurance premium than a car sold for less, or even a Suburban without all the optional packages.
Average Chevy Suburban Insurance Costs
The average 40-year-old Chevy Suburban driver with full coverage and a $500 deductible pays $1,398 annually for full coverage auto insurance that includes collision and comprehensive coverage. Liability-only insurance rates are just $336 per year on average. Teen drivers pay average rates of $5,094 per year. Your rates will vary from these averages. Your agent is an expert in auto insurance and can help you lower your premiums without sacrificing essential coverage.
The Safety of Your Chevy Suburban
Safety tests rank the Suburban as No. 6 for large SUVs. Like many sport utility vehicles, the Suburban has a higher chance of rollover than other types of cars. The overall safety evaluation given to Suburban by Edmonds and USA Today is "Good." The National Highway Safety Administration ranks the Suburban as No. 6 in safety for large SUVs.
Another factor that can affect your insurance rates is the risk of theft. According to the National Insurance Crime Bureau, no SUV model is on the top 10 list of most stolen vehicles.
How Location Affects Your Chevy Suburban Insurance
Here's how average Chevy Suburban full coverage insurance rates for a 40-year-old driver with a good driving record and a $500 deductible vary from one place to the next:
|Rural Areas:||Small Cities:||Large Cities:|
This fluctuation in rates means you'll need help from your agent to get quotes based on your location before you can understand how much you may pay to insure your Chevy Suburban.
Additional Factors that Affect Your Chevy Suburban Insurance Premiums
- Safety features like anti-theft devices
Average Cost to Insure a Chevy Suburban
|Average annual cost to insure a Chevy Suburban with full coverage:||$1,398|
|Top 3 most expensive states for Chevy Suburban insurance:|
|New York, Louisiana, and Michigan||$1,990|
|Top 3 most affordable states for Chevy Suburban insurance:|
|Iowa, Maine, and Idaho||$920|
Top Independent Insurance Carriers That Insure the Chevy Suburban
According to a recent U.S. Independent Insurance Agent Satisfaction Study by J.D. Power, the following companies provide excellent service to their insurance customers:
- Auto-Owners Insurance
Get a Chevy Suburban Quote
When you consult an independent insurance agent, you'll have immediate access to their knowledge and connections. Your agent can help you get the lowest possible rates on insurance for your Chevy Suburban. Get in touch with an agent right away with the TrustedChoice.com find-an-agent tool. TrustedChoice.com can help you locate an independent insurance agent in your area, today.
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IIHS, Consumer Reports, Quote Inspector, iii.org, JD Power, Car and Driver