How to Save on New Orleans Chevy Tahoe Insurance

Sad but true, most car insurance policyholders kept buying from the same company for well over three years, and approximately 38% of consumers have never compared car insurance rates at all. Drivers in Louisiana could save themselves about $897 a year just by shopping around, but they don’t know how much money they would save if they moved their coverage to a different company.

Insurance rates Chevy Tahoe in New OrleansIf saving money is your primary concern, then the best way to get budget Chevy Tahoe insurance is to compare quotes annually from companies that insure vehicles in New Orleans.

  1. Get a basic knowledge of policy coverages and the steps you can take to keep rates down. Many policy risk factors that cause rate increases like accidents, traffic tickets, and an imperfect credit history can be controlled by paying attention to minor details. This article gives tips to lower rates and earn a bigger discount.
  2. Compare price quotes from exclusive agents, independent agents, and direct providers. Exclusive and direct companies can only give rate quotes from a single company like GEICO or State Farm, while independent agencies can quote prices for a wide range of companies.
  3. Compare the new rates to your existing rates and determine if cheaper Tahoe coverage is available. If you can save some money, make sure coverage does not lapse between policies.

The key thing to know about shopping around is to try to compare the same deductibles and limits on each quote and and to look at as many companies as feasibly possible. Doing this guarantees a fair price comparison and a better comparison of the market.

Finding a better price on car insurance can be relatively painless. All that’s required is to take the time to compare rate quotes from online providers.

The following companies offer free rate quotes in Louisiana. If you wish to find the best cheap car insurance in New Orleans, we suggest you get rates from several of them to get the best price comparison.

Why auto insurance is not optional

Even though New Orleans Tahoe insurance rates can get expensive, maintaining insurance is not optional due to several reasons.

First, just about all states have mandatory insurance requirements which means the state requires a specific level of liability if you drive a vehicle. In Louisiana these limits are 15/30/25 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.

Second, if your Tahoe has a loan, most lenders will make it a condition of the loan that you have physical damage coverage to guarantee their interest in the vehicle. If you let the policy lapse, the bank or lender will purchase a policy for your Chevy at a more expensive rate and force you to pay the higher premium.

Third, insurance safeguards your Chevy Tahoe and your assets. It will also cover all forms of medical expenses that are the result of an accident. Liability coverage will also pay attorney fees if anyone sues you for causing an accident. If your car is damaged in a storm or accident, collision and comprehensive coverages will pay all costs to repair after the deductible has been paid.

The benefits of buying enough insurance greatly outweigh the cost, particularly for liability claims. The average driver in America overpays more than $800 each year so compare rates at every renewal to save money.

Chevy Tahoe insurance analysis

The data table shown below covers a range of coverage costs for Chevy Tahoe models. Being more informed about how auto insurance premiums are established is important for drivers to make decisions on the best policy coverages.

Chevrolet Tahoe Insurance Rates in New Orleans, LA
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Tahoe LS 2WD $308 $592 $488 $28 $146 $1,562 $130
Tahoe LS 4WD $348 $592 $488 $28 $146 $1,602 $134
Tahoe LT 2WD $348 $592 $488 $28 $146 $1,602 $134
Tahoe LT 4WD $348 $592 $488 $28 $146 $1,602 $134
Tahoe LTZ 2WD $348 $698 $488 $28 $146 $1,708 $142
Tahoe LTZ 4WD $348 $698 $488 $28 $146 $1,708 $142
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Table data represents married female driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Louisiana minimum liability limits. Discounts applied include multi-policy, multi-vehicle, homeowner, safe-driver, and claim-free. Table data does not factor in specific garaging location which can impact insurance rates considerably.

Rate comparison for different deductibles

When comparing insurance rates, the most common question is how high should the physical damage deductibles be. The comparison tables below highlight the rate difference when you buy lower versus higher physical damage coverage deductibles. The first pricing table uses a $250 deductible and the second set of rates uses a $500 deductible.

Chevrolet Tahoe insurance policy rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Tahoe LS 2WD $358 $604 $464 $28 $140 $1,619 $135
Tahoe LS 4WD $406 $604 $464 $28 $140 $1,667 $139
Tahoe LT 2WD $406 $604 $464 $28 $140 $1,667 $139
Tahoe LT 4WD $406 $604 $464 $28 $140 $1,667 $139
Tahoe LTZ 2WD $406 $712 $464 $28 $140 $1,775 $148
Tahoe LTZ 4WD $406 $712 $464 $28 $140 $1,775 $148
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Chevrolet Tahoe insurance policy rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Tahoe LS 2WD $292 $488 $464 $28 $140 $1,412 $118
Tahoe LS 4WD $330 $488 $464 $28 $140 $1,450 $121
Tahoe LT 2WD $330 $488 $464 $28 $140 $1,450 $121
Tahoe LT 4WD $330 $488 $464 $28 $140 $1,450 $121
Tahoe LTZ 2WD $330 $574 $464 $28 $140 $1,536 $128
Tahoe LTZ 4WD $330 $574 $464 $28 $140 $1,536 $128
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Table data represents married male driver age 30, no speeding tickets, no at-fault accidents, and Louisiana minimum liability limits. Discounts applied include multi-policy, safe-driver, homeowner, claim-free, and multi-vehicle. Rate quotes do not factor in vehicle location which can lower or raise coverage prices noticeably.

Based on this data, using a $250 deductible will cost you about $18 more each month or $216 annually than requesting the higher $500 deductible. Because you would be required to pay $250 more out of your own pocket with a $500 deductible as compared to a $250 deductible, if you normally go at least 14 months between claim filings, you would probably save some money if you elect the higher deductible.

The illustration below shows how different deductible levels and can increase or decrease Chevy Tahoe insurance premiums for different age groups of insureds. The premiums assume a single male driver, comp and collision included, and no discounts are applied.

Accidents and violations increase rates

The diagram below demonstrates how citations and at-fault collisions raise Chevy Tahoe insurance rates for each age group. The data assumes a married female driver, full physical damage coverage, $250 deductibles, and no discounts are applied to the premium.

Annual premiums for males versus females

The diagram below shows the comparison of Chevy Tahoe premium costs for male and female drivers. The rates are based on no claims, a clean driving record, full physical damage coverage, $1,000 deductibles, drivers are single, and no policy discounts are applied.

Car insurance discounts help lower rates for Chevy Tahoe insurance in New Orleans

Some insurance providers do not advertise every available discount very clearly, so the below list has both well-publicized as well as some of the hidden credits that you can use to lower your rates.Cheaper car insurance with discounts

A little disclaimer on discounts, most discounts do not apply to your bottom line cost. Some only apply to the price of certain insurance coverages like physical damage coverage or medical payments. Just because it seems like having all the discounts means you get insurance for free, car insurance companies aren’t that generous. Any qualifying discounts will definitely reduce your policy premiums.

The chart below compares Chevy Tahoe car insurance rates with and without discounts applied to the policy premium. The prices are based on a female driver, no driving violations, no at-fault accidents, Louisiana 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-policy, claim-free, homeowner, marriage, multi-car, and safe-driver discounts applied.

A few popular companies and some of their more popular discounts can be read below.

When getting a coverage quote, ask every company which credits you are entitled to. Some credits might not apply everywhere. For a list of companies that offer the discounts shown above in Louisiana, click here.

How do I know if I need professional advice?

When it comes to choosing insurance from an agent or online, there is no single plan that fits everyone. Coverage needs to be tailored to your specific needs and your auto insurance should unique, too.Drive safe and save
These are some specific questions may help highlight if you could use an agent’s help.

If you can’t answer these questions, then you may want to think about talking to an agent. If you don’t have a local agent, simply complete this short form or click here for a list of auto insurance companies in your area. It’s fast, doesn’t cost anything and can provide invaluable advice.