Cheap 2004 Chevrolet Tahoe Insurance Cost

Looking for better insurance coverage rates for your Chevrolet Tahoe? Scraping up a payment for overpriced Chevrolet Tahoe insurance can dwindle your personal savings and put the squeeze on your family’s finances. Comparing price quotes is a great way to tighten up your finances. Companies like Allstate, Progressive and Geico continually hit you with advertising and it is difficult to separate fact from fiction and do the work needed to find the best deal.

Factors that can influence insurance rates for a Chevy Tahoe

Smart consumers have a good feel for some of the elements that play a part in calculating the price you pay for car insurance. Understanding what controls the rates you pay allows you to make educated decisions that may reward you with better car insurance rates.

Shown below are some of the items companies use to determine rates.

  • More miles equals more premium – The more you drive in a year the higher your rate. Most insurance companies apply a rate based upon how you use the vehicle. Autos that are left in the garage receive lower rates as compared to vehicles used primarily for driving to work. Verify your car insurance policy shows the correct driver usage, because improper ratings can cost you money. If your policy improperly rates your Tahoe may be wasting your money.
  • Cautious drivers pay less – Drivers who don’t get tickets have lower premiums compared to drivers with tickets. Just one ticket can bump up the cost by as much as thirty percent. Drivers who get flagrant violations like DUI or reckless driving may be required to file a proof of financial responsibility form (SR-22) with their state motor vehicle department in order to keep their license.
  • High deductibles save money – Physical damage insurance, also known as collision and other-than-collision, protects your Chevy from damage. A few examples of covered claims would be colliding with a building, damage from fire, or theft. Your deductibles are the amount of money you are willing to pay before a claim is paid by your company. The more expense you have to pay, the lower your rates will be for Tahoe insurance.
  • Sex matters – Statistics show that women are safer drivers than men. Now that doesn’t mean men are WORSE drivers than women. Men and women tend to get into accidents at a similar rate, but the male of the species tend to have more serious accidents. Men also tend to receive more costly citations such as DWI and reckless driving.
  • Your occupation can affect rates – Careers like doctors, architects and dentists tend to pay the highest average rates in part from stressful work requirements and long work days. Other professions such as scientists, historians and retirees have the lowest average rates for Tahoe insurance.
  • Credit scores impact car insurance rates – Your credit score is a large factor in determining what you pay for car insurance. Consumers who have high credit ratings tend to be less risk to insure as compared to drivers with lower credit ratings. If your credit rating is low, you could pay less to insure your 2004 Chevrolet Tahoe by spending a little time repairing your credit.
  • Safer occupants lowers premiums – Cars with high safety ratings are cheaper to insure. These vehicles result in less severe injuries and better occupant protection translates into fewer and smaller insurance claims passed on to you as lower rates. If your Chevy Tahoe earned at least four stars on Safercar.gov or an “acceptable” rating on iihs.org it may be receiving lower rates.

Fast and Easy Auto Insurance Quotes

Getting better 2004 Chevy Tahoe auto insurance pricing doesn’t have to be difficult. You just need to invest a little time to compare rate quotes online with multiple companies. This is very easy and can be done in a couple of different ways.

The easiest and least time consuming way consumers can analyze rates is a comparison rater form click to view form in new window. This type of form eliminates the need for boring form submissions for each company. One form submission compares rates direct from many companies.

A harder way to compare rate quotes consists of visiting each individual company website and fill out their own quote form. For instance, let’s say you want rates from Progressive, Geico and Liberty Mutual. You would have to spend time on each company’s site to enter your coverage information, which is why the first method is more popular. For a handy list of car insurance company links in your area, click here.

The most time-consuming method to compare rates is to drive around to different agent offices. Shopping for auto insurance online makes this process obsolete unless you prefer the trained guidance of a local agent. It is possible to comparison shop your insurance online and still use a local agent.

It’s your choice how you get your quotes, but double check that you are using exactly the same coverage information for every quote you compare. If each company quotes different values for each quote it will be impossible to make a fair comparison for your Chevy Tahoe.

Ads can be misleading

Consumers get pounded daily by advertisements for car insurance savings from the likes of Allstate, Geico and Progressive. All the ads make an identical promise that you can save if you switch your coverage to them.

How do they all make almost identical claims? This is how they do it.

All companies can use profiling for the driver that makes them money. For example, a driver they prefer might be profiled as over the age of 50, owns a home, and has great credit. Any new insured that hits that “sweet spot” receives the best rates and therefore will save a lot of money.

Drivers who do not match the “perfect” profile will have to pay higher prices which usually ends up with the driver buying from a lower-cost company. The ads state “customers who switch” but not “drivers who get quotes” save money. That’s the way companies can make those claims.

Because of the profiling, it is so important to compare as many rates as you can. It’s just too difficult to predict which company will have the lowest Chevy Tahoe insurance rates.

Discounts are basically free money

The price of auto insurance can be rather high, but discounts can save money and there are some available to help bring down the price. Most are applied at the time of quoting, but some may not be applied and must be specifically requested prior to receiving the credit. If you aren’t receiving every discount possible, you’re just leaving money on the table.

  • Early Signing – Some insurance companies reward drivers for buying a policy prior to your current policy expiration. This can save 10% or more.
  • Paperless Signup – A few companies give back up to $50 for buying your policy over the internet.
  • Safe Drivers – Drivers who avoid accidents may save up to 50% more for Tahoe insurance than drivers with accidents.
  • Employee of Federal Government – Employees or retirees of the government can earn a discount up to 10% for Tahoe insurance with certain companies.
  • Seat Belts Save more than Lives – Buckling up and requiring all passengers to buckle their seat belts can save 10% or more off the personal injury premium cost.

Keep in mind that most credits do not apply to the overall cost of the policy. Some only apply to specific coverage prices like liability and collision coverage. So even though they make it sound like all those discounts means the company will pay you, companies wouldn’t make money that way. But all discounts will reduce the cost of coverage.

To see a list of insurers with the best auto insurance discounts, follow this link.

Which insurance is the “right” coverage?

When buying the best auto insurance coverage, there really is no perfect coverage plan. Your needs are not the same as everyone else’s so this has to be addressed. For instance, these questions can aid in determining if you may require specific advice.

  • Am I covered when driving on a suspended license?
  • Can I afford to buy a different vehicle if my 2004 Chevy Tahoe is totaled?
  • Does my insurance cover my expensive audio equipment?
  • Is my state a no-fault state?
  • Does having multiple vehicles earn me a discount?
  • Am I covered when using my vehicle for business?

If you don’t know the answers to these questions, you may need to chat with a licensed insurance agent. If you want to speak to an agent in your area, fill out this quick form or you can go here for a list of companies in your area. It’s fast, free and may give you better protection.

Parts of your insurance policy

Learning about specific coverages of a insurance policy can help you determine which coverages you need and the correct deductibles and limits. Insurance terms can be ambiguous and nobody wants to actually read their policy. Below you’ll find the usual coverages offered by insurance companies.

Comprehensive protection

Comprehensive insurance covers damage from a wide range of events other than collision. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for claims such as falling objects, damage from a tornado or hurricane, vandalism, hitting a bird and hitting a deer. The maximum amount you’ll receive from a claim is the market value of your vehicle, so if the vehicle is not worth much it’s not worth carrying full coverage.

Medical expense coverage

Med pay and PIP coverage kick in for bills such as EMT expenses, ambulance fees and chiropractic care. They are often used to cover expenses not covered by your health insurance plan or if you lack health insurance entirely. It covers you and your occupants and will also cover if you are hit as a while walking down the street. PIP coverage is only offered in select states and gives slightly broader coverage than med pay

Collision insurance

This covers damage to your Tahoe from colliding with an object or car. A deductible applies then your collision coverage will kick in.

Collision insurance covers claims such as sustaining damage from a pot hole, driving through your garage door, sideswiping another vehicle, scraping a guard rail and backing into a parked car. Collision coverage makes up a good portion of your premium, so consider dropping it from vehicles that are 8 years or older. You can also increase the deductible to bring the cost down.

Liability insurance

Liability coverage provides protection from injuries or damage you cause to a person or their property that is your fault. This coverage protects you from legal claims by others, and does not provide coverage for your injuries or vehicle damage.

Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have policy limits of 25/50/25 which stand for a $25,000 limit per person for injuries, a limit of $50,000 in injury protection per accident, and a limit of $25,000 paid for damaged property. Occasionally you may see a combined single limit or CSL which combines the three limits into one amount without having the split limit caps.

Liability coverage protects against claims such as medical expenses, repair costs for stationary objects, legal defense fees, pain and suffering and structural damage. How much liability should you purchase? That is your choice, but it’s cheap coverage so purchase higher limits if possible.

Uninsured or underinsured coverage

This coverage protects you and your vehicle from other drivers when they do not carry enough liability coverage. It can pay for injuries to you and your family as well as damage to your Chevy Tahoe.

Due to the fact that many drivers have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea. Normally your uninsured/underinsured motorist coverages are set the same as your liablity limits.

You can do this!

While you’re price shopping online, it’s not a good idea to reduce coverage to reduce premium. There are too many instances where someone sacrificed physical damage coverage only to find out that the savings was not a smart move. Your aim should be to buy enough coverage at an affordable rate while still protecting your assets.

Cheaper 2004 Chevy Tahoe insurance can be purchased both online and with local insurance agents, so compare prices from both in order to have the best chance of saving money. Some insurance companies do not offer online price quotes and most of the time these regional insurance providers sell through independent agents.

Much more information about auto insurance can be found below: