A recent auto insurance study revealed that most consumers kept buying from the same company for well over three years, and almost 40% of drivers have never compared auto insurance rates at all. Many drivers in New Orleans could save up to $900 each year just by comparing rates, but they don’t know the actual amount they would save if they switched.
The easiest way to find low-cost prices for car insurance rates in New Orleans is to compare prices annually from companies in Louisiana.
- Take a few minutes and learn about how insurance works and the things you can control to prevent rate increases. Many rating factors that increase rates like speeding tickets, accidents and a substandard credit history can be improved by making minor changes to your lifestyle.
- Compare prices from exclusive agents, independent agents, and direct providers. Direct companies and exclusive agencies can only provide price estimates from one company like GEICO or Allstate, while agents who are independent can provide prices for a wide range of companies.
- Compare the new quotes to the premium of your current policy to determine if you can save on Suburban insurance in New Orleans. If you find a lower rate quote and decide to switch, ensure there is no coverage lapse between policies.
- Provide notification to your current agent or company of your intention to cancel your current coverage and submit a down payment and signed policy application to your new carrier. Immediately upon receiving it, place your new proof of insurance paperwork in an easily accessible location.
One piece of advice is to try to compare identical coverages on each quote request and and to get rates from as many different insurance providers as possible. This ensures a level playing field and the best rate selection.
Finding and comparing the cheapest insurance in New Orleans is quite easy. If you have a current insurance policy or just want to save money, you can learn to shop for the lowest rates and still have adequate protection. Drivers only have to learn the least time-consuming way to compare rates online from multiple companies.
Why Smart Buyers Pay Less for Chevy Suburban Insurance
Lots of things are part of the calculation when quoting car insurance. Most are fairly basic like a motor vehicle report, although some other factors are more obscure like your continuous coverage or your commute time. The best way to find cheaper insurance is to take a look at a few of the rating criteria that aid in calculating the rates you pay for insurance. When you understand what determines premiums, this empowers consumers to make smart changes that may result in lower premium levels.
Do you save by driving less? – The higher the miles on your Chevy in a year the more you’ll pay to insure it. A lot of companies rate vehicles based upon how much you drive. Autos left parked in the garage receive lower rates as compared to vehicles used primarily for driving to work. It’s a smart idea to ensure your policy reflects the right rating data, because it can save money. An incorrectly rated Suburban may be costing you higher rates.
Do you really need roadside assistance? – There are quite a few additional coverages that may not really be needed if you aren’t careful. Add-on coverages like personal injury protection, towing, and Farm Bureau memberships may be wasting your money. The coverages may be enticing when deciding what coverages you need, but your needs may have changed so eliminate them to save money.
Performance impacts premiums – The performance of the car you are trying to find cheaper insurance for makes a substantial difference in your rates. Small economy passenger cars generally receive the lowest base rates, but your final cost has many other factors.
The following data uses these variables: married female driver age 50, full coverage with $1000 deductibles, and no discounts or violations. The data compares Chevrolet Suburban rates compared to other makes and models that have different risk factors.
Deter car thieves – Driving a car with anti-theft technology or alarm system can help bring down rates. Theft prevention devices like vehicle immobilizer systems, OnStar, and tracking devices like LoJack all hinder vehicle theft.
Decrease premiums by maintaining coverage – Going without insurance is a guaranteed way to increase your renewal premiums. And not only will insurance be more expensive, failure to provide proof of insurance might get you a hefty fine and possibly a revoked license.
Chevy Suburban insurance loss statistics – Companies use statistical claims data when they file their rates in each state. Models that the statistics show to have a higher amount or frequency of claims will have a higher cost to insure.
The next table shows the insurance loss data used by companies for Chevy Suburban vehicles. For each coverage category, the loss probability for all vehicles, as an average, equals 100. Numbers below 100 suggest losses that are better than average, while percentage values above 100 point to more claims or an increased chance of a larger loss.
| 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: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years
Chevy Suburban insurance charts and tables
The coverage information displayed next outlines detailed analysis of prices for Chevy Suburban models. Knowing how auto insurance policy rates are figured is important for making smart choices when comparing insurance quotes.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Suburban LS 2WD | $410 | $664 | $478 | $28 | $144 | $1,724 | $144 |
| Suburban LT 2WD | $410 | $664 | $478 | $28 | $144 | $1,724 | $144 |
| Suburban LS 4WD | $410 | $664 | $478 | $28 | $144 | $1,724 | $144 |
| Suburban LT 4WD | $410 | $664 | $478 | $28 | $144 | $1,724 | $144 |
| Suburban LTZ 2WD | $410 | $782 | $478 | $28 | $144 | $1,842 | $154 |
| Suburban LTZ 4WD | $458 | $782 | $478 | $28 | $144 | $1,890 | $158 |
| Get Your Own Custom Quote Go | |||||||
Data variables include married male driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Louisiana minimum liability limits. Discounts applied include multi-policy, multi-vehicle, claim-free, homeowner, and safe-driver. Table data does not factor in vehicle location which can modify prices greatly.
Physical damage deductible comparison
When buying insurance, a common question is how high or low should comp and collision deductibles be. The premium rates below can help illustrate the price difference of buying low and high comp and collision deductibles. The first rate quote example uses a $250 physical damage deductible and the second price chart uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Suburban LS 2WD | $406 | $604 | $464 | $28 | $140 | $1,667 | $139 |
| Suburban LT 2WD | $406 | $604 | $464 | $28 | $140 | $1,667 | $139 |
| Suburban LS 4WD | $406 | $604 | $464 | $28 | $140 | $1,667 | $139 |
| Suburban LT 4WD | $406 | $604 | $464 | $28 | $140 | $1,667 | $139 |
| Suburban LTZ 2WD | $406 | $712 | $464 | $28 | $140 | $1,775 | $148 |
| Suburban LTZ 4WD | $452 | $712 | $464 | $28 | $140 | $1,821 | $152 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Suburban LS 2WD | $250 | $380 | $464 | $28 | $140 | $1,262 | $105 |
| Suburban LT 2WD | $250 | $380 | $464 | $28 | $140 | $1,262 | $105 |
| Suburban LS 4WD | $250 | $380 | $464 | $28 | $140 | $1,262 | $105 |
| Suburban LT 4WD | $250 | $380 | $464 | $28 | $140 | $1,262 | $105 |
| Suburban LTZ 2WD | $250 | $448 | $464 | $28 | $140 | $1,330 | $111 |
| Suburban LTZ 4WD | $278 | $448 | $464 | $28 | $140 | $1,358 | $113 |
| Get Your Own Custom Quote Go | |||||||
Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, and Louisiana minimum liability limits. Discounts applied include homeowner, safe-driver, claim-free, multi-policy, and multi-vehicle. Rate quotes do not factor in garaging location in New Orleans which can revise premiums noticeably.
Using the data above, we can ascertain that using a $250 deductible will cost you approximately $36 more each month or $432 every year across all Chevrolet Suburban models than requesting 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 go at a minimum 21 months between claim filings, you would probably come out ahead if you decide on a higher deductible.
Tickets and at-fault accidents raise rates
The chart below demonstrates how speeding tickets and at-fault claims impact Chevy Suburban insurance costs for each different age category. The rates are based on a married male driver, full coverage, $100 deductibles, and no policy discounts are applied.
Gender-based insurance rates
The illustration below shows the comparison of Chevy Suburban insurance costs for male and female drivers. The rates are based on a clean driving record, no at-fault accidents, comprehensive and collision coverage, $500 deductibles, marital status is single, and no other discounts are factored in.
Earn discounts on New Orleans insurance
Some insurers don’t always list every policy discount in an easy-to-find place, so the following is a list of both the well known and also the more inconspicuous insurance savings. If you do not check that you are getting every discount available, you are throwing money away.
- Theft Deterrent System – Vehicles equipped with tracking devices and advanced anti-theft systems have a lower chance of being stolen and that can save you a little bit as well.
- Memberships – Joining certain professional organizations can get you a small discount on your bill.
- Waiver for an Accident – This one is not really a discount per se, but companies like State Farm and Progressive permit an accident without the usual rate increase if your claims history is clear for a specific time period.
- Discounts for Multiple Vehicles – Insuring several vehicles on one policy can reduce rates for all insured vehicles.
- Seat Belts Save more than Lives – Drivers who always wear seat belts and also require passengers to fasten their seat belts can save up to 10 percent (depending on the company) on medical payment and PIP coverage.
While discounts sound great, it’s important to understand that most of the big mark downs will not be given to the entire cost. Most cut the cost of specific coverages such as liability and collision coverage. Even though it may seem like all the discounts add up to a free policy, companies wouldn’t make money that way.
The information below compares Chevy Suburban insurance costs with and without discounts applied to the rates. The premiums assume a male driver, no claims or driving violations, Louisiana 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 multi-car, marriage, multi-policy, homeowner, claim-free, and safe-driver discounts applied.
Popular insurance companies and a selection of discounts are:
- Farm Bureau has discounts for multi-vehicle, 55 and retired, driver training, renewal discount, safe driver, and youthful driver.
- Liberty Mutual includes discounts for good student, multi-car, teen driver discount, new move discount, exclusive group savings, preferred payment discount, and new vehicle discount.
- State Farm offers discounts for accident-free, passive restraint, safe vehicle, Drive Safe & Save, student away at school, Steer Clear safe driver discount, and good driver.
- Auto-Owners Insurance offers discounts including company car, multiple vehicles, good student, multi-policy, student away at school, mature driver, and anti-lock brakes.
- GEICO has savings for multi-vehicle, daytime running lights, defensive driver, driver training, air bags, and membership and employees.
- SAFECO may include discounts for anti-theft, anti-lock brakes, homeowner, safe driver, teen safe driver, and bundle discounts.
When getting a coverage quote, ask each insurance company which credits you are entitled to. Discounts might not be offered in New Orleans. If you would like to choose from a list of insurance companies that offer the discounts shown above in New Orleans, click here.
Affordable coverage is out there
As you prepare to switch companies, do not buy lower coverage limits just to save a few bucks. Too many times, someone sacrificed comprehensive coverage or liability limits and discovered at claim time that a couple dollars of savings turned into a financial nightmare. Your objective should be to buy enough coverage at the best cost but still have enough coverage for asset protection.
You just learned quite a bit of information on how to lower your Chevy Suburban insurance auto insurance rates in New Orleans. It’s most important to understand that the more rate comparisons you have, the better your chances of lowering your premium rates. You may even be surprised to find that the lowest priced car insurance comes from a company that doesn’t do a lot of advertising.
Budget-conscious Chevy Suburban insurance can be sourced online as well as from insurance agents, and you need to comparison shop both to have the best chance of lowering rates. Some insurance companies do not provide price quotes online and most of the time these small, regional companies only sell coverage through independent agencies.
For more information, take a look at the following helpful articles:
- Uninsured Motorists: Threats on the Road (Insurance Information Institute)
- Who Has Cheap Auto Insurance Quotes for Teenage Females in New Orleans? (FAQ)
- Who Has Cheap Car Insurance Quotes for a Dodge Grand Caravan in New Orleans? (FAQ)
- Auto Insurance FAQ (Farmers Insurance)
- Prom Night Tips for Teen Drivers (State Farm)
- Vehicle Insurance (Wikipedia)
- Rental Reimbursement Coverage (Allstate)