Do you need a fast way to compare the cheapest insurance rates in Portland, OR? Portland drivers have lots of choices when trying to find low-cost Chevy Suburban insurance. They can either waste time calling around trying to get quotes or save time using the internet to find the lowest rates.
There are both good and bad ways to find insurance online and you need to know the proper way to get price quotes for your Chevy and locate the best price possible either online or from Portland insurance agents.
It’s a great practice to check insurance prices occasionally because insurance rates are variable and change quite frequently. Despite the fact that you may have had the lowest rate on Chevy Suburban insurance in Portland a few years ago a different company probably has better prices today. Forget all the misinformation about insurance because you’re going to learn the proper way to remove unneeded coverages and save money.
The purpose of this post is to familiarize you with how car insurance companies work and how to save the most money. If you have insurance now, you will be able to get lower rates using the concepts covered in this article. Drivers just have to learn the least time-consuming way to compare company rates from many different companies.
Most of the larger companies make it easy to get prices for coverage directly from their websites. The process is very simple as you just enter your coverage preferences into the quote form. Once entered, the system makes automated requests for your driving record and credit report and quotes a price determined by many factors.
Getting online quotes for Chevy Suburban insurance in Portland streamlines rate comparisons, and it’s very important to compare as many rates as possible in order to get the best possible rates on insurance.
To save time and compare pricing, check out the insurance providers below. To compare your current rates, we recommend you complete the form with the limits and deductibles as close as possible to your current policy. This makes sure you will get a rate comparison for similar coverage.
The companies shown below provide comparison quotes in Oregon. In order to find cheap auto insurance in Oregon, we suggest you compare several of them to get a more complete price comparison.
Insurance coverage analysis
The information shown below showcases different insurance costs for Chevy Suburban models. Having a better idea how car insurance premiums are determined can be valuable when making smart policy decisions.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Suburban LS 2WD | $156 | $240 | $330 | $20 | $98 | $844 | $70 |
| Suburban LT 2WD | $156 | $240 | $330 | $20 | $98 | $844 | $70 |
| Suburban LS 4WD | $156 | $240 | $330 | $20 | $98 | $844 | $70 |
| Suburban LT 4WD | $156 | $240 | $330 | $20 | $98 | $844 | $70 |
| Suburban LTZ 2WD | $156 | $284 | $330 | $20 | $98 | $888 | $74 |
| Suburban LTZ 4WD | $174 | $284 | $330 | $20 | $98 | $906 | $76 |
| Get Your Own Custom Quote Go | |||||||
Price data assumes married male driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Oregon minimum liability limits. Discounts applied include multi-policy, multi-vehicle, claim-free, safe-driver, and homeowner. Price estimates do not factor in garaging location in Portland which can raise or lower coverage prices substantially.
How high should deductibles be?
One common question asked by Portland drivers is at what level do you set your deductibles. The following tables lay out how much more you’ll pay between high and low physical damage deductibles. The first data set uses a $250 physical damage coverage deductible and the second set of rates uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Suburban LS 2WD | $278 | $416 | $320 | $18 | $96 | $1,153 | $96 |
| Suburban LT 2WD | $278 | $416 | $320 | $18 | $96 | $1,153 | $96 |
| Suburban LS 4WD | $278 | $416 | $320 | $18 | $96 | $1,153 | $96 |
| Suburban LT 4WD | $278 | $416 | $320 | $18 | $96 | $1,153 | $96 |
| Suburban LTZ 2WD | $278 | $490 | $320 | $18 | $96 | $1,227 | $102 |
| Suburban LTZ 4WD | $310 | $490 | $320 | $18 | $96 | $1,259 | $105 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Suburban LS 2WD | $226 | $336 | $320 | $18 | $96 | $996 | $83 |
| Suburban LT 2WD | $226 | $336 | $320 | $18 | $96 | $996 | $83 |
| Suburban LS 4WD | $226 | $336 | $320 | $18 | $96 | $996 | $83 |
| Suburban LT 4WD | $226 | $336 | $320 | $18 | $96 | $996 | $83 |
| Suburban LTZ 2WD | $226 | $396 | $320 | $18 | $96 | $1,056 | $88 |
| Suburban LTZ 4WD | $252 | $396 | $320 | $18 | $96 | $1,082 | $90 |
| Get Your Own Custom Quote Go | |||||||
Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, and Oregon minimum liability limits. Discounts applied include claim-free, homeowner, multi-vehicle, multi-policy, and safe-driver. Rate information does not factor in specific location which can influence premiums significantly.
Based on the data above, we can derive that using a $250 deductible costs roughly $14 more each month or $168 annually than opting for the higher $500 deductible. Since the policyholder would be required to pay $250 more out of your own pocket with a $500 deductible as compared to a $250 deductible, if you go more than 18 months between claim filings, you would more than likely save some money if you choose the higher deductible.
Do you need full coverage?
The example below compares Chevy Suburban car insurance rates when comparing full coverage to liability only. The data is based on no claims or driving citations, $250 deductibles, drivers are single, and no discounts are taken into consideration.
Are you wasting money paying for full coverage?
There is no set rule to eliminate full coverage on your policy, but there is a general convention. If the annual cost of your full coverage insurance is more than about 10% of replacement cost minus your deductible, then it might be time to consider dropping full coverage.
For example, let’s say your Chevy Suburban book value is $9,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled, the most you would receive is $8,000 after you pay the deductible. If premiums are more than $800 a year for full coverage, then you might consider buying liability only.
There are some circumstances where eliminating full coverage is not in your best interest. If you haven’t satisfied your loan, you have to carry full coverage in order to prevent your loan from defaulting. Also, if you can’t afford to buy a different vehicle if your current one is in an accident, you should keep full coverage in place.
Three main reasons to buy insurance
Even though it’s not necessarily cheap to insure a Chevy in Portland, insuring your vehicle is a good idea for several reasons.
- Most states have minimum liability requirements which means you are required to carry a minimum amount of liability insurance coverage in order to drive the car legally. In Oregon these limits are 25/50/20 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $20,000 of property damage coverage.
- If you bought your vehicle with a loan, most banks will make it a condition of the loan that you have insurance to protect their interest in the vehicle. If coverage lapses or is canceled, the bank may buy a policy for your Chevy at an extremely high rate and require you to reimburse them the higher price.
- Insurance safeguards not only your Chevy Suburban but also your financial assets. It will also cover all forms of medical expenses for yourself as well as anyone injured by you. One of the most valuable coverages, liability insurance, also covers all legal expenses up to the policy limit if someone files suit against you as the result of an accident. If you receive damage to your vehicle caused by a storm or accident, your insurance policy will pay to have it repaired.
The benefits of buying insurance are definitely more than the cost, especially with large liability claims. On average, a vehicle owner in Portland is wasting up to $825 a year so it’s recommended you shop around each time the policy renews to ensure rates are competitive.
How Your Suburban Insurance Premiums are Determined
Part of the insurance buying process is learning some of the elements that help calculate your premiums. If you know what controls the rates you pay, this enables you to make decisions that can earn you cheaper rates. Lots of things are used in the calculation when pricing auto insurance. A few of the factors are predictable like your driving record, but other criteria are more obscure such as your credit history or your vehicle rating.
- Alarm systems save money – Choosing a vehicle with a theft deterrent system can earn a premium discount. Systems that thwart thieves such as GM’s OnStar, tamper alarm systems and vehicle immobilizers all aid in stopping your car from being stolen.
- Drive a safer car and pay less – Safe vehicles get lower rates. Vehicles engineered for safety have better occupant injury protection and reduced instances of injuries translates into fewer and smaller insurance claims and more competitive rates for policyholders.
- Annual miles is a factor – The more you drive every year the more you will pay for insurance. Most companies rate vehicles based upon how much you drive. Autos that sit idle most of the time qualify for better rates than vehicles that have high annual mileage. Ask your agent if your policy is showing the right rating data. Having the wrong rating on your Suburban may be costing you higher rates.
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Men drivers tend to cost more – Statistics demonstrate women are more cautious behind the wheel. However, this does not mean men are worse drivers. Females and males get in accidents in similar percentages, but males have costlier accidents. Not only that, but men also get cited for more serious violations like DWI (DUI) or reckless driving. Teenage male drivers cause the most accidents so they pay the highest premiums.
The illustration below shows the difference between Chevy Suburban auto insurance rates for male and female drivers. The premiums assume no tickets, no at-fault accidents, comp and collision included, $250 deductibles, drivers are not married, and no discounts are taken into consideration.
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Chevy Suburban statistical loss data – Auto insurance companies analyze historical claim data to determine a rate that will be profitable for them. Vehicles that have higher prevalence or dollar amount of losses will have higher rates for specific coverages. The table below outlines the loss history for Chevy Suburban vehicles.
For each policy coverage type, the claim probability for all vehicles, without regard to make or model, equals 100. Values that are under 100 indicate better than average losses, while percentage values above 100 indicate a higher chance of having a claim or statistically larger claims.
Auto Insurance Loss Data for Chevrolet Suburban Models 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 BETTERAVERAGEWORSEEmpty fields indicate not enough data collected
Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years
Lower rates by being persistent
In this article, we presented some good ideas how to compare Chevy Suburban insurance premium rates in Portland. It’s most important to understand that the more providers you compare, the better likelihood of getting affordable Portland car insurance quotes. You may even find the lowest premium rates come from a small local company.
When searching for cheaper Portland car insurance quotes, do not reduce coverage to reduce premium. There have been many cases where someone sacrificed liability coverage limits only to discover later they didn’t purchase enough coverage. The goal is to buy a smart amount of coverage at the best price, but don’t skip important coverages to save money.
Some companies do not provide online price quotes and most of the time these smaller companies work with independent agents. Lower-priced Chevy Suburban insurance in Portland is available on the web in addition to local insurance agencies, and you need to comparison shop both to get a complete price analysis.
Steps to finding cheaper Chevy Suburban insurance in Portland
The best way we recommend to find the cheapest price for auto insurance rates in Portland is to do a yearly price comparison from providers that sell auto insurance in Oregon. This can be done by following these steps.
- Gain an understanding of the coverage provided by your policy and the steps you can take to keep rates in check. Many factors that drive up the price like traffic citations and a poor credit rating can be amended by making lifestyle changes or driving safer.
- Request rate estimates from exclusive agents, independent agents, and direct providers. Exclusive and direct companies can provide rates from a single company like GEICO or Farmers Insurance, while independent agents can provide prices from many different companies. View insurance agents
- Compare the new rate quotes to your existing rates to determine if switching companies saves money. If you can save some money, make sure there is no coverage gap between policies.
The most important part of this process is that you’ll want to compare similar coverage information on each quote and and to analyze as many companies as feasibly possible. This guarantees a level playing field and maximum price selection.
More information can be found below:
- Top Signs Your Brakes are Giving Out (State Farm)
- How Much are Portland Auto Insurance Quotes for Postal Workers? (FAQ)
- How Much is Auto Insurance for 17 Year Olds in Portland? (FAQ)
- How Much are Auto Insurance Rates for a Subaru Outback in Portland? (FAQ)
- How Much are Portland Car Insurance Quotes for Drivers Under 21? (FAQ)
- Air Bags: Potential Dangers to Your Children (Insurance Information Institute)
- Rearview cameras reduce backing crashes (Insurance Institute for Highway Safety)
- How to Avoid Staged Accidents (State Farm)
- Pickups fall short in headlight tests (Insurance Institute for Highway Safety)