We don’t have to point out that fact that insurance companies don’t want you to look for cheaper rates. Consumers who shop around at least once a year will most likely switch to a new company because of the high probability of finding good coverage at a lower price. A recent auto insurance study discovered that people who routinely compared quotes saved on average $3,400 over four years as compared to drivers who never shopped around for cheaper prices.
If finding the most affordable car insurance in Lincoln is your target objective, then having a good understanding how to get rate quotes and compare auto insurance can help you succeed in saving money.
The preferred way to get cheaper car insurance rates in Lincoln is to compare quotes once a year from companies who sell auto insurance in Nebraska. Rate comparisons can be done by completing these steps.
- Take a few minutes and learn about car insurance and the changes you can make to prevent high rates. Many rating criteria that drive up the price such as at-fault accidents, speeding tickets, and a lousy credit rating can be improved by making lifestyle changes or driving safer.
- Get rate quotes from exclusive agents, independent agents, and direct providers. Exclusive and direct companies can only provide price estimates from a single company like Progressive or State Farm, while independent agencies can quote rates for a wide range of insurance providers.
- Compare the new rates to your existing policy and determine if cheaper Suburban coverage is available. If you find a lower rate and change companies, make sure there is no coverage gap between policies.
A tip to remember is that you use identical coverages on each price quote and and to get rate quotes from as many companies as you can. Doing this guarantees a fair price comparison and plenty of rates choose from.
Most larger insurance companies allow you to get pricing from their websites. Comparing Chevy Suburban insurance rates online is pretty easy as all you need to do is type in the coverages you want as requested by the quote form. Once entered, the system automatically retrieves credit information and your driving record and generates pricing information.
Getting online quotes for Chevy Suburban insurance in Lincoln streamlines rate comparisons, and it’s also necessary to compare as many rates as possible if you want to get the best possible rates on auto insurance.
To compare rates using this form now, compare rate quotes from the providers shown below. If you have a policy now, it’s recommended you input the coverage information identical to your current policy. This helps ensure you are getting rate comparison quotes based on the exact same insurance coverage.
The companies in the list below offer quotes in Nebraska. To find the cheapest car insurance in Nebraska, we suggest you get prices from several of them in order to get a fair rate comparison.
Analysis of Chevy Suburban rates
The coverage table shown below showcases estimates of insurance rates for Chevy Suburban models. Understanding more about how policy premiums are formulated can be valuable when making decisions on which insurance to purchase.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Suburban LS 2WD | $208 | $362 | $362 | $22 | $108 | $1,062 | $89 |
| Suburban LT 2WD | $208 | $362 | $362 | $22 | $108 | $1,062 | $89 |
| Suburban LS 4WD | $208 | $362 | $362 | $22 | $108 | $1,062 | $89 |
| Suburban LT 4WD | $208 | $362 | $362 | $22 | $108 | $1,062 | $89 |
| Suburban LTZ 2WD | $208 | $426 | $362 | $22 | $108 | $1,126 | $94 |
| Suburban LTZ 4WD | $232 | $426 | $362 | $22 | $108 | $1,150 | $96 |
| Get Your Own Custom Quote Go | |||||||
Data based on single male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Nebraska minimum liability limits. Discounts applied include multi-policy, claim-free, homeowner, safe-driver, and multi-vehicle. Price estimates do not factor in vehicle location which can impact premium rates substantially.
Choosing deductibles
A question often asked by Lincoln drivers is how high should the physical damage coverage deductibles be. The following insurance rates outline the rate difference between high and low policy deductibles. The first pricing table uses a $250 deductible for comprehensive and collision coverage and the second rate chart uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Suburban LS 2WD | $262 | $390 | $300 | $18 | $90 | $1,085 | $90 |
| Suburban LT 2WD | $262 | $390 | $300 | $18 | $90 | $1,085 | $90 |
| Suburban LS 4WD | $262 | $390 | $300 | $18 | $90 | $1,085 | $90 |
| Suburban LT 4WD | $262 | $390 | $300 | $18 | $90 | $1,085 | $90 |
| Suburban LTZ 2WD | $262 | $460 | $300 | $18 | $90 | $1,155 | $96 |
| Suburban LTZ 4WD | $292 | $460 | $300 | $18 | $90 | $1,185 | $99 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Suburban LS 2WD | $212 | $314 | $300 | $18 | $90 | $934 | $78 |
| Suburban LT 2WD | $212 | $314 | $300 | $18 | $90 | $934 | $78 |
| Suburban LS 4WD | $212 | $314 | $300 | $18 | $90 | $934 | $78 |
| Suburban LT 4WD | $212 | $314 | $300 | $18 | $90 | $934 | $78 |
| Suburban LTZ 2WD | $212 | $370 | $300 | $18 | $90 | $990 | $83 |
| Suburban LTZ 4WD | $236 | $370 | $300 | $18 | $90 | $1,014 | $85 |
| Get Your Own Custom Quote Go | |||||||
Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, and Nebraska minimum liability limits. Discounts applied include safe-driver, multi-vehicle, multi-policy, homeowner, and claim-free. Table data does not factor in zip code location which can raise or lower auto insurance rates noticeably.
We can estimate from the data above that using a $250 deductible costs about $13 more each month or $156 every year across all Chevrolet Suburban models than requesting the higher $500 deductible. Since you would have to pay $250 more if you file a claim with a $500 deductible as compared to a $250 deductible, if you tend to have at least 19 months between claim filings, you would probably come out ahead going with the higher deductible.
Calculation for raising deductibles
| Average monthly premium for $250 deductibles: | $93 |
| Average monthly premium for $500 deductibles (subtract): | – $80 |
| Monthly savings from raising deductible: | $13 |
| Difference between deductibles ($500 – $250): | $250 |
| Divide difference by monthly savings: | $250 / $13 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 19 months |
The illustration below demonstrates how choosing different deductibles and can change Chevy Suburban insurance costs for each different age category. The price estimates are based on a single male driver, full coverage, and no additional discounts are factored in.
Comparison of insurance rates by gender and age in Lincoln
The illustration below illustrates the comparison of Chevy Suburban auto insurance costs for male and female drivers. The data is based on no driving violations, no at-fault accidents, comprehensive and collision coverage, $1,000 deductibles, drivers are single, and no discounts are applied.
Car insurance does more than just protect your car
Despite the high cost of buying insurance for a Chevy Suburban in Lincoln, maintaining insurance may not be optional for several reasons.
First, almost all states have minimum liability requirements which means the state requires a specific level of liability coverage in order to drive the car legally. In Nebraska these limits are 25/50/25 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
Second, if you have a lien on your car, most banks will force you to have full coverage to ensure they get paid if you total the vehicle. If you let the policy lapse, the bank will be required to insure your Chevy at an extremely high rate and require you to reimburse them for it.
Third, insurance safeguards not only your Chevy but also your financial assets. Insurance will also pay for medical transport and hospital expenses for you, any passengers, and anyone injured in an accident. One of the most valuable coverages, liability insurance, also pays for attorney fees and expenses if you are sued as the result of an accident. If your car is damaged in a storm or accident, collision and comprehensive coverages will pay to restore your vehicle to like-new condition.
The benefits of carrying adequate insurance greatly outweigh the cost, particularly when you have a large claim. The average driver in Nebraska overpays more than $700 annually so we recommend shopping around once a year at a minimum to help ensure money is not being wasted.
Smart Buyers Can Cut Their Insurance Rates
An important part of buying insurance is that you know the rating factors that come into play when calculating insurance rates. When you know what positively or negatively impacts premium levels, this helps enable you to make changes that may reward you with big savings.
- Insurance companies don’t like frequent insurance claims – Companies in Nebraska generally give most affordable rates to insureds who file claims infrequently. If you file claims often, you can pretty much guarantee either higher rates or even cancellation. Your insurance policy is intended to be relied upon for larger claims.
- Excellent credit scores equal low costs – Having a bad credit history will be a significant factor in your rate calculation. Insureds with very high credit ratings tend to be better drivers and file fewer claims as compared to drivers with lower credit ratings. If your credit history leaves room for improvement, you could pay less to insure your Chevrolet Suburban by improving your credit score.
- Drive lots and pay more – The more you drive annually the more you’ll pay to insure your vehicle. A lot of insurance companies apply a rate based upon how the vehicle is primarily used. Cars used primarily for pleasure use get more affordable rates as compared to vehicles used primarily for driving to work. An improperly rated Suburban may be costing you higher rates. Double check that your insurance coverage correctly shows annual mileage, because improper ratings can cost you money.
- Getting married brings a discount – Having a significant other actually saves money when shopping for insurance. Marriage may mean you are more mature than a single person and it’s proven that married drivers get in fewer accidents.
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Chevy Suburban insurance loss data – Insurance companies study historical loss data in order to profitably underwrite each model. Vehicles that the data shows to have higher number or severity of losses will cost more to insure.
The next table shows the loss history for Chevy Suburban vehicles. For each coverage category, the claim amount for all vehicles, without regard to make or model, is represented as 100. Numbers under 100 represent a good loss history, while numbers that are greater than 100 indicate more frequent losses or tendency to have higher losses.
Chevrolet Suburban Insurance Claim Statistics Vehicle 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
Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Quote more to save more
Insureds leave their current company for a number of reasons such as being labeled a high risk driver, delays in responding to claim requests, unfair underwriting practices and not issuing a premium refund. No matter why you want to switch, finding the right insurance provider is pretty easy and you might even save some money in the process.
When buying insurance coverage, you should never buy poor coverage just to save money. There are a lot of situations where an accident victim reduced liability limits or collision coverage and learned later that a couple dollars of savings turned into a financial nightmare. The aim is to buy the best coverage you can find at the best cost but still have enough coverage for asset protection.
More affordable insurance in Lincoln can be sourced online and with local Lincoln insurance agents, and you should be comparing both to have the best rate selection. Some insurance companies may not have the ability to get a quote online and most of the time these small, regional companies provide coverage only through local independent agencies.
To learn more, take a look at the resources below:
- Distracted Driving (Insurance Information Institute)
- How Much are Auto Insurance Rates for a GMC Acadia in Lincoln? (FAQ)
- Who Has the Cheapest Auto Insurance Rates for a Kia Optima in Lincoln? (FAQ)
- Who Has Cheap Lincoln Auto Insurance Rates for a Learners Permit? (FAQ)
- Who Has Affordable Lincoln Car Insurance for a Ford Escape? (FAQ)
- How Much is Lincoln Car Insurance for Drivers Under 25? (FAQ)
- What Insurance is Cheapest for 18 Year Olds in Lincoln? (FAQ)
- Auto Theft Statistics (Insurance Information Institute)
- Should I Buy a New or Used Car? (Allstate)
- How do I File a Claim? (Insurance Information Institute)
- Warning systems don’t curb driver distraction (Insurance Institute for Highway Safety)