How many times have you put off comparing quotes for lower-priced Chevy Suburban insurance in Chicago? Trying to find cheaper insurance for a new or used Chevy Suburban in Illinois can be a lot of work, but you can learn these tips to save time.
There are more efficient ways to shop for insurance and you need to know the best way to quote coverages for a Chevy and locate the cheapest rates from both online companies and Chicago agents.
Best companies for low-cost Chevy Suburban insurance in Illinois
The following companies have been selected to offer comparison quotes in Illinois. If several companies are displayed, we suggest you click on several of them to find the most affordable auto insurance rates.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Suburban LS 2WD||$210||$274||$342||$20||$102||$948||$79|
|Suburban LT 2WD||$128||$196||$268||$16||$80||$688||$57|
|Suburban LS 4WD||$120||$210||$274||$16||$82||$702||$59|
|Suburban LT 4WD||$254||$406||$262||$16||$78||$1,016||$85|
|Suburban LTZ 2WD||$246||$468||$266||$16||$80||$1,076||$90|
|Suburban LTZ 4WD||$202||$372||$316||$18||$94||$1,002||$84|
|Get Your Own Custom Quote Go|
Data based on single male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Illinois minimum liability limits. Discounts applied include safe-driver, multi-policy, multi-vehicle, claim-free, and homeowner. Prices do not factor in specific location which can raise or lower auto insurance rates greatly.
How much more does full coverage cost?
The illustration below shows the comparison of Chevrolet Suburban car insurance costs with full physical damage coverage compared to only buying the minimum liability limits required in Illinois. The premiums assume no violations or claims, $100 deductibles, married male driver, and no discounts are factored in.
Should you buy full coverage or liability only?
There is no exact formula that is best for determining when to drop physical damage coverage, but there is a general guideline you can use. If the annual cost of having full coverage is more than about 10% of the replacement cost minus the deductible, then it may be the right time to buy liability only.
For example, let’s pretend your Chevrolet Suburban settlement value is $5,000 and you have $1,000 full coverage deductibles. If your vehicle is destroyed, the most you would receive is $4,000 after paying your deductible. If you are currently paying more than $400 annually for physical damage coverage, then you might consider buying liability only.
There are a few cases where dropping physical damage coverage is not in your best interest. If you still owe a portion of the original loan, you have to keep full coverage as part of the loan requirements. Also, if you cannot afford to purchase a different vehicle if your current one is totaled, you should keep full coverage on your policy.
Lower rates by qualifying for these five discounts
Insuring your fleet can be pricey, but you may find discounts that many people don’t even know exist. Many of these discounts will be applied automatically at the time you complete a quote, but lesser-known reductions have to be manually applied prior to getting the savings.
- Passive Restraint Discount – Vehicles with factory air bags or automatic seat belts may get savings of 20 to 30 percent.
- Homeowners Savings – Being a homeowner can help you save on auto insurance because of the fact that having a home shows financial diligence.
- Renewal Discounts – Some companies give discounts for buying a new policy before your current Suburban insurance policy expires. It’s a savings of about 10%.
- Lower Rates for Military – Having an actively deployed family member could be rewarded with lower rates.
- Life Insurance – Larger companies have a small discount if you purchase auto and life insurance together.
As a footnote on discounts, most discount credits are not given to the entire policy premium. Some only apply to individual premiums such as comp or med pay. So even though you would think you can get free auto insurance, you’re out of luck.
A list of companies and the discounts they provide are shown below.
- State Farm offers premium reductions for student away at school, multiple policy, defensive driving training, multiple autos, and driver’s education.
- Progressive may offer discounts for multi-vehicle, continuous coverage, homeowner, online signing, multi-policy, online quote discount, and good student.
- Progressive discounts include homeowner, multi-vehicle, continuous coverage, good student, online signing, online quote discount, and multi-policy.
- MetLife may include discounts for claim-free, defensive driver, multi-policy, good driver, accident-free, and good student.
- Farm Bureau has savings for good student, safe driver, driver training, 55 and retired, and multi-vehicle.
- GEICO offers discounts for membership and employees, multi-vehicle, seat belt use, defensive driver, and federal employee.
- SAFECO includes discounts for anti-theft, homeowner, drive less, bundle discounts, and teen safety rewards.
When quoting, ask every insurance company which discounts you qualify for. Discounts may not be available everywhere.
Everyone needs different insurance coverages
When buying a policy for your vehicles, there is no best way to insure your cars. Each situation is unique and a cookie cutter policy won’t apply. These are some specific questions can aid in determining if your situation might need professional guidance.
- How do I buy GAP insurance?
- Can my babysitter drive my car?
- Is my camper covered for physical damage?
- How much coverage applies to personal belongings?
- When should I drop full coverage on my Chevy Suburban?
- What policy terms are available?
- Are combined or split liability limits better?
If you don’t know the answers to these questions then you might want to talk to an agent. To find lower rates from a local agent, fill out this quick form or click here for a list of insurance companies in your area. It’s fast, free and you can get the answers you need.
Independent versus exclusive insurance agencies
Many people still prefer to visit with an insurance agent and we recommend doing that Good agents can point out coverage gaps and help file insurance claims. One of the great benefits of getting online price quotes is the fact that you can find better rates and also buy local. And supporting local agencies is especially important in Chicago.
After completing this short form, your coverage information is immediately sent to agents in your area who will give you bids for your coverage. It’s much easier because you don’t need to leave your computer since price quotes are sent to the email address you provide. If you need to compare rates from a specific insurance company, you just need to find their quoting web page to submit a rate quote request.
Choose an insurance agent wisely
If you would like to find a local Chicago insurance agent, you must know there are a couple different agency structures to choose from. Auto insurance policy providers can either be independent agents or exclusive agents. Both can sell affordable auto insurance policies, but it is a good idea to know the difference between them because it may have an impact on the kind of agent you use.
Independent Auto Insurance Agents (or Brokers)
Agents that elect to be independent are not limited to a single company and that is an advantage because they can write policies with multiple insurance companies depending on which coverage is best. If you are not satisfied with one company, they can switch companies in-house and you don’t have to find a new agent.
If you are comparing rate quotes, you should always include multiple independent agents to have the most options to choose from. Most also write with companies you’ve never heard of which can be an advantage.
The following is a short list of independent insurance agencies in Chicago that may be able to give you free price quotes.
- ABI Insurance Agency
4806 N Milwaukee Ave – Chicago, IL 60630 – (773) 202-9666 – View Map
- Riehn Insurance
4541 N Lincoln Ave – Chicago, IL 60625 – (773) 561-4200 – View Map
- Amigo Insurance Agency
5902 W Fullerton Ave – Chicago, IL 60639 – (877) 999-2644 – View Map
Exclusive Insurance Agents
Agents that elect to be exclusive can only provide one company’s prices and some examples include State Farm, Allstate and AAA. They usually cannot provide prices from multiple companies so they are skilled at selling on more than just price. They are well trained on their company’s products which helps them sell on service rather than price. Consumers often use the same agent partially due to the brand name and solid financial strength.
The following are Chicago exclusive agencies willing to provide comparison quotes.
- Glenda Tolentino-Moser – State Farm Insurance Agent
2015 W Montrose Ave – Chicago, IL 60618 – (773) 549-3300 – View Map
- Mark Yun – State Farm Insurance Agent
223 W Cermak Rd, Fl-2 – Chicago, IL 60616 – (312) 225-8311 – View Map
- Jim Mays Jr – State Farm Insurance Agent
4465 N Milwaukee Ave – Chicago, IL 60630 – (773) 282-1500 – View Map
Choosing a insurance agency shouldn’t rely on just a cheap quote. Below are some questions you should ask.
- How would your car be valued if totalled?
- Do they prorate repair cost based on vehicle mileage?
- Is vehicle damage repaired with OEM or aftermarket parts?
- Can you use your own choice of collision repair facility?
- Does the quote include credit and driving reports?
- Do they have a Better Business Bureau rating in Chicago?
Drivers who switch save $478 a year? Really?
Consumers can’t escape the ads that promise big savings from companies such as GEICO, State Farm and Progressive. All the ads have a common claim that drivers can save some big amount just by switching your policy.
How does every car insurance company save you money on Chevy Suburban insurance in Chicago? It’s all in the words they use.
All companies have an ideal profile for the type of customer that earns them the most money. An example of a profitable customer may be a female over age 40, has never had a claim, and drives a safe vehicle. Any new insured that hits that “sweet spot” will most likely get cheap premium rates and as a result will probably cut their rates substantially.
Potential customers who fall outside these stringent criteria will have to pay a higher rate and this results in business not being written. If you listen closely, the ads state “customers who switch” not “everyone that quotes” save that kind of money. That is how insurance companies can confidently advertise the way they do.
This really illustrates why you really should do a rate comparison at every renewal. Because without a comparison, you cannot know with any certainty which company will provide you with the cheapest Chevy Suburban insurance in Chicago.
Knowing the specifics of your car insurance policy can be of help when determining appropriate coverage at the best deductibles and correct limits. The coverage terms in a policy can be difficult to understand and coverage can change by endorsement. These are typical coverages found on most car insurance policies.
Liability coverages – Liability coverage provides protection from injuries or damage you cause to other’s property or people in an accident. It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show policy limits of 20/40/15 that means you have a limit of $20,000 per injured person, $40,000 for the entire accident, and a limit of $15,000 paid for damaged property. Alternatively, you may have one number which is a combined single limit which provides one coverage limit without having the split limit caps.
Liability coverage protects against things such as court costs, repair costs for stationary objects, medical expenses and medical services. How much liability should you purchase? That is up to you, but buy as large an amount as possible. Illinois requires drivers to carry at least 20/40/15 but you should consider buying more coverage.
Collision – This will pay to fix damage to your Suburban caused by collision with another car or object. A deductible applies and the rest of the damage will be paid by collision coverage.
Collision insurance covers things such as sideswiping another vehicle, crashing into a building, hitting a parking meter and colliding with another moving vehicle. Paying for collision coverage can be pricey, so consider dropping it from older vehicles. It’s also possible to choose a higher deductible on your Suburban to get cheaper collision coverage.
Medical payments coverage and PIP – Coverage for medical payments and/or PIP pay for short-term medical expenses such as hospital visits, dental work and X-ray expenses. They are often utilized in addition to your health insurance plan or if you do not have health coverage. Coverage applies to both the driver and occupants and also covers any family member struck as a pedestrian. Personal Injury Protection is not universally available but it provides additional coverages not offered by medical payments coverage
Comprehensive coverage – This covers damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.
Comprehensive coverage pays for claims such as hitting a deer, hail damage, theft and a broken windshield. The highest amount you can receive from a comprehensive claim is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.
Uninsured/Underinsured Motorist coverage – This provides protection from other drivers when they either are underinsured or have no liability coverage at all. Covered claims include injuries to you and your family and also any damage incurred to your Chevy Suburban.
Since many Illinois drivers have only the minimum liability required by law (20/40/15 in Illinois), it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is very important. Usually these limits are identical to your policy’s liability coverage.
Be persistent and save
A few companies may not offer the ability to get quotes online and these regional carriers provide coverage only through independent agents. The cheapest Chevy Suburban insurance in Chicago is definitely available from both online companies in addition to local insurance agencies, and you should be comparing both in order to have the best chance of saving money.
In this article, we presented a lot of ways to find cheap Chevy Suburban insurance in Chicago. The most important thing to understand is the more rate quotes you have, the more likely it is that you will get a better rate. Consumers may even find the most savings is with some of the smallest insurance companies. They can often provide lower rates in certain areas than the large multi-state companies such as State Farm, GEICO and Nationwide.
- Safety Tips for Teen Drivers (Insurance Information Institute)
- How Much is Chicago Auto Insurance for a 20 Year Old Female? (FAQ)
- Who Has Cheap Car Insurance Rates for Low Income Drivers in Chicago? (FAQ)
- Who Has Cheap Auto Insurance for College Students in Chicago? (FAQ)
- New head restraint design cuts injuries (Insurance Institute for Highway Safety)
- Crash Avoidance Technologies FAQ (iihs.org)
- Comprehensive Coverage (Liberty Mutual)
- Auto Insurance 101 (About.com)