Car Insurance Rates for a Chevy Suburban in San Antonio

Are you researching more affordable insurance rates in San Antonio, TX? San Antonio shoppers have many options when shopping for low-cost Chevy Suburban insurance. They can either spend hours struggling with agents getting price quotes or utilize the internet to get rate quotes. There is a better way to compare insurance rates and we’ll show you the best way to compare rates for a Chevy and obtain the lowest price from San Antonio insurance agents and online providers.

Shop Chevy Suburban insurance online

The companies shown below can provide free quotes in Texas. If the list has multiple companies, we suggest you visit as many as you can to get the most competitive price.

Rates and detailed analysis

The information displayed below covers a range of insurance premium costs for Chevy Suburban models. Being aware of how auto insurance policy rates are calculated is important for drivers to make decisions on which coverage to buy.

Data assumes single male driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Texas minimum liability limits. Discounts applied include multi-policy, claim-free, safe-driver, homeowner, and multi-vehicle. Information does not factor in your specific San Antonio location which can lower or raise premiums substantially.

Should you raise deductibles?

The hardest decision when buying coverage is the level to set your comp and collision deductibles. The comparison tables below may aid in understanding the rate differences between high and low coverage deductibles. The first rate quote example uses a $250 deductible for comprehensive and collision coverage and the second price table uses a $500 deductible.

Premium data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include homeowner, multi-vehicle, claim-free, multi-policy, and safe-driver. Premium amounts do not factor in San Antonio location which can increase or decrease prices greatly.

Based on this data, using a $250 deductible costs approximately $15 more each month or $180 a year averaged for all Suburban models than opting for the higher $500 deductible. Since you would pay $250 more to settle a claim with a $500 deductible as compared to a $250 deductible, if you normally go more than 17 months between claim filings, you would more than likely save some money if you opt for a higher deductible.

The example below demonstrates how deductibles and can impact Chevy Suburban insurance costs for different ages of insureds. The rate quotes are based on a single male driver, comprehensive and collision coverage, and no other discounts are factored in.

How violations and accidents impact rates

The diagram below illustrates how traffic citations and at-fault collisions can impact Chevy Suburban yearly insurance costs for different ages of insureds. The information is based on a single male driver, comprehensive and collision coverage, $250 deductibles, and no discounts are factored in.

Comparison of auto insurance rates by age and gender in San Antonio

The illustration below compares Chevy Suburban insurance prices for male and female drivers. The premiums are based on no driving violations, no at-fault accidents, full coverage, $100 deductibles, single marital status, and no discounts are applied to the premium.

Full coverage versus liability-only in San Antonio

The illustration below illustrates the difference between Chevy Suburban insurance prices with full coverage compared to only the Texas minimum liability coverage. The information is based on no violations or accidents, $1,000 deductibles, single marital status, and no policy discounts are applied.

Are you wasting money paying for full coverage?

There is no specific rule of when to eliminate full coverage, but there is a broad guideline. If the annual cost of comprehensive and collision coverage is 10% or more of the replacement cost minus the deductible, then you might want to think about dropping full coverage.

For example, let’s say your Chevy Suburban claim settlement value is $8,000 and you have $1,000 policy deductibles. If your vehicle is totaled in an accident, the most you would receive is $7,000 after you pay the deductible. If it’s costing you more than $700 a year for your policy with full coverage, then it could be time to drop full coverage.

There are some conditions where dropping physical damage coverage is not recommended. If you still owe money on your vehicle, you have to maintain full coverage as part of the loan requirements. Also, if you don’t have enough money to buy a different vehicle if your current one is damaged, you should not opt for liability only.

Insurance protects more than just your car

Despite the high cost, maintaining insurance may be required for several reasons.

First, the majority of states have minimum liability requirements which means the state requires a specific minimum amount of liability in order to be legal. In Texas these limits are 30/60/25 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.

Second, if your vehicle has a loan, it’s most likely the lender will require you to have insurance to guarantee payment of the loan. If coverage lapses or is canceled, the bank may insure your Chevy at a significantly higher premium and force you to pay the higher price.

Third, insurance preserves both your assets and your Chevy Suburban. It will also reimburse you for many types of medical costs for both you and anyone you injure as the result of an accident. As part of your policy, liability insurance will also pay to defend you if someone files suit against you as the result of an accident. If you have damage to your Chevy as the result of the weather or an accident, comprehensive (other-than-collision) and collision coverage will cover the repair costs.

The benefits of insuring your Suburban are definitely more than the cost, particularly if you ever have a claim. According to a recent study, the average American driver is overpaying more than $865 each year so shop around each time the policy renews to ensure rates are inline.

How Your Suburban Insurance Costs are Determined

Lots of things are used when you quote your car insurance policy. Most are fairly basic like a motor vehicle report, although some other factors are less apparent like your vehicle usage or your commute time.

• File insurance claims and pay more – If you’re an insured who likes to file claims you can definitely plan on higher premiums or even policy non-renewal. Car insurance companies in Texas generally give lower rates to policyholders who do not file claims often. Insurance coverage is designed for major claims that would cause financial hardship.
• Lower miles driven equals lower premium – The more you drive every year the more you’ll pay to insure it. A lot of insurance companies calculate prices based upon how the vehicle is primarily used. Vehicles that have low annual miles can be on a lower rate level than cars that get driven a lot. Incorrect rating for your Suburban is just wasting money. Ask your agent if your insurance policy is showing the correct usage, because improper ratings can cost you money.

• Youthful drivers cost more – Older people are more cautious drivers, statistically cause fewer accidents, and are generally more financially stable. Youthful drivers have been known to be careless and easily distracted when at the wheel of a vehicle so insurance rates are higher.

  The next chart is based on a single driver, full coverage with $100 deductibles, and no discounts or violations.

• Prevent theft and reduce rates – Buying a car that has an advanced theft prevention system can get you a discount on your insurance. Anti-theft devices such as vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems help track and prevent car theft and help bring rates down.
• Use credit responsibly and save – Having a bad credit rating is a big factor in calculating your premium rate. If your credit score is low, you could be paying less to insure your Chevrolet Suburban if you improve your credit rating. Drivers with good credit tend to be better risks to insure as compared to drivers with poor credit.

• What type of car do you drive? – The performance of the car you are buying insurance for makes a huge difference in your car insurance bill. The best insurance prices are usually found on lower performance four cylinder passenger models, but your final cost has many other factors.

  The data below uses these variables: single male driver age 20, full coverage with $250 deductibles, and no discounts or violations. The data compares Chevrolet Suburban rates compared to other models of vehicles that have a range of performance risks.

• Chevy Suburban historical loss data – Companies take into consideration insurance loss statistics for every vehicle to help determine the rate you pay. Vehicles that the data determines to have higher claim amounts or frequency will have increased rates. The table below illustrates the collected loss data for Chevy Suburban vehicles.

  For each policy coverage, the claim probability for all vehicles, as an average, is set at 100. Values that are below 100 indicate a favorable loss history, while numbers shown that are more than 100 point to more frequent losses or a tendency for losses to be larger than average.

  
  

  Insurance Loss Ratings for Chevrolet Suburban Vehicles

  Specific Chevrolet 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

  BETTER

  AVERAGE

  WORSE

  Empty fields indicate not enough data collected
  Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

More comparisons equals cheaper rates

We covered a lot of tips how to compare Chevy Suburban insurance rates in San Antonio. It’s most important to understand that the more you quote San Antonio car insurance, the better your comparison will be. You may even find the best price on insurance is with some of the lesser-known companies.

More affordable insurance in San Antonio can be purchased on the web as well as from insurance agents, and you should be comparing both to have the best selection. There are still a few companies who don’t offer the ability to get a quote online and these regional carriers only sell coverage through local independent agencies.

People leave their current company for a number of reasons such as being labeled a high risk driver, extreme rates for teen drivers, questionable increases in premium or even policy non-renewal. It doesn’t matter why you want to switch switching insurance companies is easier than you think.

Additional detailed information is located in the articles below:

• Tools for Teen Driving Safety (State Farm)
• How Much is San Antonio Auto Insurance After a Speeding Ticket? (FAQ)
• How Much is San Antonio Auto Insurance for a 20 Year Old Male? (FAQ)
• Who Has the Cheapest San Antonio Auto Insurance for a Toyota Tacoma? (FAQ)
• Should I Purchase an Umbrella Liability Policy? (Insurance Information Institute)
• Car Insurance: When not to Skimp (BankRate.com)