How to Save on Chevy Suburban Insurance in Cincinnati

Insurance rates Chevy Suburban in CincinnatiNo one likes paying for auto insurance, especially when they know it costs too dang much.

Inconceivable but true, the vast majority of drivers kept their policy with the same company for a minimum of four years, and almost 40% of drivers have never quoted rates to find cheaper coverage. Many drivers in the United States could save almost 47% every year by just comparing quotes, but they underestimate how much money they would save if they switched to a cheaper policy. Due to the fact that there are so many options when it comes to auto insurance, it’s difficult to choose the cheapest insurance company.

Chevy Suburban detailed coverage information

The rate table displayed next highlights detailed analysis of insurance premium costs for Chevy Suburban models. Being aware of how car insurance prices are determined can benefit drivers when making decisions when choosing a new policy provider.

Chevrolet Suburban Insurance Rates in Cincinnati, OH
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Suburban LS 2WD $226 $296 $298 $18 $88 $926 $77
Suburban LT 2WD $226 $296 $298 $18 $88 $926 $77
Suburban LS 4WD $226 $296 $298 $18 $88 $926 $77
Suburban LT 4WD $226 $296 $298 $18 $88 $926 $77
Suburban LTZ 2WD $226 $348 $298 $18 $88 $978 $82
Suburban LTZ 4WD $252 $348 $298 $18 $88 $1,004 $84
Get Your Own Custom Quote Go

Cost estimates assume single male driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Ohio minimum liability limits. Discounts applied include homeowner, multi-vehicle, safe-driver, claim-free, and multi-policy. Information does not factor in your specific Cincinnati location which can decrease or increase coverage prices substantially.

Rate comparison for different deductibles

The hardest decision when buying coverage is where to set your physical damage deductibles. The rates shown below show how much more rates are between high and low physical damage deductibles. The first data set uses a $250 deductible and the second set of prices uses a $500 deductible.

Chevrolet Suburban insurance premium estimates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Suburban LS 2WD $198 $296 $226 $14 $68 $827 $69
Suburban LT 2WD $198 $296 $226 $14 $68 $827 $69
Suburban LS 4WD $198 $296 $226 $14 $68 $827 $69
Suburban LT 4WD $198 $296 $226 $14 $68 $827 $69
Suburban LTZ 2WD $198 $348 $226 $14 $68 $879 $73
Suburban LTZ 4WD $220 $348 $226 $14 $68 $901 $75
Get Your Own Custom Quote Go

Chevrolet Suburban insurance premium estimates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Suburban LS 2WD $160 $238 $226 $14 $68 $706 $59
Suburban LT 2WD $160 $238 $226 $14 $68 $706 $59
Suburban LS 4WD $160 $238 $226 $14 $68 $706 $59
Suburban LT 4WD $160 $238 $226 $14 $68 $706 $59
Suburban LTZ 2WD $160 $280 $226 $14 $68 $748 $62
Suburban LTZ 4WD $180 $280 $226 $14 $68 $768 $64
Get Your Own Custom Quote Go

Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Ohio minimum liability limits. Discounts applied include multi-vehicle, safe-driver, multi-policy, claim-free, and homeowner. Prices do not factor in specific location which can raise or lower coverage prices noticeably.

We can estimate from the data above that using a $250 deductible will cost in the ballpark of $11 more each month or $132 annually across all Chevrolet Suburban models than opting for the higher $500 deductible. Because you would be required to pay $250 more if you file a claim with a $500 deductible as compared to a $250 deductible, if you have at a minimum 23 months between claims, you would save money if you opt for a higher deductible. Here’s the way you can do this calculation yourself.

Average monthly premium for $250 deductibles: $71
Average monthly premium for $500 deductibles (subtract): – $60
Monthly savings from raising deductible: $11
Difference between deductibles ($500 – $250): $250
Divide difference by monthly savings: $250 / $11
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 23 months

One important note is that a higher deductible level means you will have to pay more when you do file a claim. That will require some funds available in order to pay more to get your vehicle repaired.

Full coverage versus liability-only

The information below shows the comparison of Chevy Suburban car insurance rates with full coverage and liability only. The prices are based on no driving violations, no at-fault accidents, $250 deductibles, single marital status, and no discounts are factored in.

Should you buy full coverage or liability only?

There isn’t a written rule of when to drop physical damage coverage on your policy, but there is a guideline you can consider. If the yearly cost of comp and collision coverage is more than around 10% of the replacement cost of your vehicle minus the policy deductible, then you might want to consider buying only liability coverage.

For example, let’s say your Chevy Suburban settlement value is $5,000 and you have $1,000 deductibles. If your vehicle is damaged in an accident, the most your company would pay you is $4,000 after the policy deductible has been paid. If you are paying more than $400 annually for physical damage coverage, then it could be time to drop full coverage.

There are a few cases where buying only liability insurance is not in your best interest. If you still owe money on your vehicle, you have to maintain full coverage as part of the loan conditions. Also, if you don’t have enough money to buy a different vehicle if your current one is damaged, you should not eliminate full coverage.

Get Chevy Suburban Insurance at a Discount

Many factors are part of the equation when pricing auto insurance. Some are obvious like a motor vehicle report, but other criteria are less apparent like where you live or how financially stable you are.

Be proud to be claim-free – Insurance companies in Ohio generally give cheaper rates to insureds who are not frequent claim filers. If you’re an insured who likes to file claims you can look forward to either a policy non-renewal or much higher rates. Your car insurance is meant to be used in the event of major claims that would cause financial hardship.

Type of vehicle determines base prices – The performance level of the car you own makes a big difference in determining your rates. Lower cost passenger cars usually have the lowest rates, but that’s not the only thing that factors into the final price.

The following data assumes a married male driver age 30, full coverage with $100 deductibles, and no discounts or violations. The chart compares Chevrolet Suburban policy rates compared to other vehicles that have different performance risks.

Don’t buy extra coverages that aren’t used – There are a lot of additional extra coverages that sound like a good idea at the time if you don’t pay attention. Things like vanishing deductibles, high-cost glass coverage, and membership fees are examples of these. You may think they are a good idea when deciding what coverages you need, but now you might not need them so get rid of them and save.

Annual miles is a factor – The more you drive each year the higher the price you pay to insure it. Most companies charge to insure your cars based upon how the vehicle is primarily used. Cars that do not get driven very much can be on a lower rate level than those that get driven frequently. It’s a smart idea to ensure your auto insurance coverage correctly shows annual mileage, because improper ratings can cost you money. An incorrectly rated Suburban can cost quite a bit.

Auto insurance policy lapses increase auto insurance rates – Letting your insurance expire is a guaranteed way to increase your auto insurance rates. Not only will rates go up, being ticketed for driving with no insurance will get you a revoked license or a big fine.

Battle of the sexes – Statistics show that women are safer drivers than men. Now that doesn’t mean men are worse drivers. Males and females get in fender benders in similar percentages, but guys tend to have higher claims. Not only are claims higher, but men receive more costly citations such as DWI and reckless driving. Male teenagers tend to get in the most accidents so they pay the highest premiums.

The diagram below compares Chevy Suburban annual premium costs for male and female drivers. The data assumes no violations or accidents, comp and collision included, $250 deductibles, drivers are single, and no discounts are factored in.

Chevy Suburban claim statistics – Auto insurance companies factor in insurance loss information to calculate a price that offsets possible losses. Models that have higher loss trends will have a higher premium rate. The next table shows the historical loss data for Chevy Suburban vehicles.

For each insurance policy coverage type, the statistical loss for all vehicles compiled together is set at 100. Numbers below 100 suggest a better than average loss history, while values over 100 point to more frequent losses or statistically larger claims.

Insurance Loss Ratings for Chevrolet Suburban Vehicles
Make and 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
Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

What is YOUR best insurance company?

Some insurance companies may not provide online quoting and usually these smaller providers provide coverage only through local independent agents. Cheaper Chevy Suburban insurance in Cincinnati is attainable on the web in addition to many Cincinnati insurance agents, and you need to comparison shop both to have the best selection.

You just read quite a bit of information on how to reduce Chevy Suburban insurance rates online in Cincinnati. The key concept to understand is the more quotes you get, the better chance you’ll have of finding inexpensive Cincinnati auto insurance quotes. You may even be surprised to find that the lowest rates are with a smaller regional carrier. These companies often have lower auto insurance rates on specific markets compared to the large companies like Allstate and Progressive.

How to buy lower priced Chevy Suburban insurance in Cincinnati

It takes a little time, but the best way to get cheaper car insurance rates in Cincinnati is to annually compare prices from insurance carriers in Ohio.

Step 1: Try to comprehend how companies price auto insurance and the modifications you can make to keep rates in check. Many rating criteria that are responsible for high rates such as getting speeding tickets and a poor credit rating can be improved by making minor changes to your lifestyle.

Step 2: Obtain price quotes from independent agents, exclusive agents, and direct companies. Exclusive and direct companies can give quotes from one company like Progressive or Farmers Insurance, while agents who are independent can provide rate quotes for a wide range of insurance providers. View a list of agents

Step 3: Compare the new rate quotes to your existing coverage to see if a cheaper rate is available in Cincinnati. If you find better rates and make a switch, make sure coverage does not lapse between policies.

A good tip to remember is to try to use identical deductibles and limits on each price quote and and to get price quotes from as many car insurance companies as possible. Doing this guarantees a fair rate comparison and the best price selection.

Helpful learning opportunities