How to Save on Tampa Chevy Tahoe Insurance

Statistics show that almost 70% of drivers have bought insurance from the same company for a minimum of four years, and nearly half have never taken the time to shop around. Drivers in Florida can save hundreds of dollars each year by just comparing quotes, but they just don’t understand the amount of savings they would get if they switch to a new company.

The preferred way to quote cheaper Chevy Tahoe insurance is to start doing an annual price comparison from insurers that insure vehicles in Tampa. You can shop around by following these guidelines.

First, spend some time learning about individual coverages and the steps you can take to lower rates. Many rating factors that increase rates such as at-fault accidents, careless driving, and an imperfect credit history can be remedied by making small lifestyle or driving habit changes. Later in this article we will cover ideas to help keep prices low and find additional discounts.

Second, compare prices from exclusive agents, independent agents, and direct providers. Direct companies and exclusive agencies can give quotes from one company like Progressive or Allstate, while independent agencies can provide price quotes from many different companies.

Third, compare the price quotes to the price on your current policy to determine if switching companies saves money. If you find a lower rate quote and make a switch, make sure the effective date of the new policy is the same as the expiration date of the old one.

The key aspect of shopping around is to use the same physical damage deductibles and liability limits on each quote request and and to look at every company you can. This provides the most accurate price comparison and a thorough price selection.

Cheap Chevy insurance rates in Tampa

The following companies are our best choices to provide comparison quotes in Tampa, FL. If multiple companies are listed, we suggest you click on several of them in order to get a fair rate comparison.

Chevy Tahoe insurance coverage information

The rate table displayed below highlights different insurance prices for Chevy Tahoe models. Learning how insurance prices are formulated can help customers make smart choices when choosing a car insurance company.

Data rating is based on single male driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Florida minimum liability limits. Discounts applied include homeowner, multi-vehicle, multi-policy, safe-driver, and claim-free. Information does not factor in specific garaging location which can change insurance rates significantly.

Where to set your deductibles

One of the most common car insurance questions is how low should you set your deductibles. The premium rates below approximate the differences in price when you choose different deductibles. The first set of prices uses a $250 comprehensive and collision deductible and the second pricing table uses a $500 deductible.

Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, and Florida minimum liability limits. Discounts applied include multi-policy, homeowner, multi-vehicle, claim-free, and safe-driver. Premium costs do not factor in garaging location in Tampa which can lower or raise premiums greatly.

We can estimate from the data above that using a $250 deductible would cost the average driver about $17 more each month or $204 a year than opting for the higher $500 deductible. Since you would have to pay $250 more to settle a claim with a $500 deductible as compared to a $250 deductible, if you tend to go more than 15 months between claim filings, you would probably come out ahead if you elect the higher deductible.

The example below demonstrates how deductibles and can influence Chevy Tahoe insurance rates for different age groups. The rates are based on a married male driver, full coverage, and no discounts are factored in.

Gender-based car insurance rates by age in Tampa

The diagram below illustrates the comparison of Chevy Tahoe auto insurance rates for male and female drivers. The data is based on no violations or claims, full physical damage coverage, $100 deductibles, single status, and no discounts are factored in.

Cost of full coverage in Tampa

The diagram below visualizes the comparison of Chevy Tahoe yearly insurance costs with liability coverage only compared to full coverage. The rates are based on no driving violations, no at-fault accidents, $500 deductibles, marital status is single, and no discounts are taken into consideration.

Are you wasting money paying for full coverage?

There is no definitive guideline of when to drop physical damage insurance, but there is a guideline you can use. If the yearly cost for physical damage coverage is more than about 10% of the replacement cost minus the deductible, then it could be time to drop full coverage.

For example, let’s say your Chevy Tahoe claim settlement value is $7,000 and you have $1,000 policy deductibles. If your vehicle is totaled, the most your company would pay you is $6,000 after the deductible is paid. If premium cost is more than $600 a year for your policy with full coverage, the it may be a good time to stop paying for full coverage.

There are some circumstances where only buying liability is not advised. If you have an outstanding loan on your vehicle, you have to maintain full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if your finances do not allow you to purchase a different vehicle if your current one is damaged, you should not opt for liability only.

Discounts mean cheaper rates for Chevy Tahoe insurance in Tampa

Car insurance is not an enjoyable expense, but there’s a good chance there are discounts that you may not even be aware of. A few discounts will be applied at the time of purchase, but less common discounts must be inquired about prior to receiving the credit.

• Smart Student Discounts – Getting good grades can save 20 to 25%. Many companies even apply the discount to college students well after school through age 25.
• Defensive Driver Discounts – Taking a course in defensive driving could earn you a small percentage discount if your company offers it.
• Theft Deterrent System – Cars and trucks equipped with anti-theft or alarm systems are stolen less frequently and earn discounts up to 10% off your Tampa auto insurance quote.
• Passive Restraints – Factory options such as air bags and/or automatic seat belt systems can get savings up to 30%.
• Drivers Education – Make teen driver coverage more affordable by requiring them to enroll and complete driver’s education if it’s offered in school.
• Driving Data Discount – Policyholders that allow their insurance company to spy on driving habits by using a small device installed in their vehicle like In-Drive from State Farm and Progressive’s Snapshot may get a rate reduction as long as they are good drivers.
• Mature Driver Discount – Seniors can get a discount up to 10%.
• Payment Discounts – By making one initial payment instead of paying each month you can actually save on your bill.
• Memberships – Being in a qualifying organization is a simple method to lower premiums on your next car insurance statement.

A little disclaimer on discounts, some credits don’t apply to the entire policy premium. Most cut specific coverage prices like liability and collision coverage. Just because you may think you can get free auto insurance, it doesn’t quite work that way. Any qualifying discounts should help reduce the cost of coverage.

The illustration below compares Chevy Tahoe car insurance costs with and without discounts applied to the policy premium. The data is based on a male driver, no driving violations, no at-fault accidents, Florida state minimum liability limits, full physical damage coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, multi-car, marriage, claim-free, multi-policy, and safe-driver discounts applied.

A list of car insurance companies and the discounts they provide include:

• 21st Century offers discounts including defensive driver, homeowners, air bags, automatic seat belts, and theft prevention.
• State Farm may offer discounts for defensive driving training, passive restraint, safe vehicle, anti-theft, multiple autos, and student away at school.
• AAA may have discounts that include good student, pay-in-full, anti-theft, education and occupation, and multi-car.
• Liberty Mutual policyholders can earn discounts including new move discount, teen driver discount, new vehicle discount, good student, and exclusive group savings.
• Progressive offers discounts for continuous coverage, online signing, multi-policy, multi-vehicle, online quote discount, homeowner, and good student.

When comparing rates, check with all companies you are considering which discounts you may be entitled to. All car insurance discounts may not apply in Tampa. For a list of insurance companies that offer many of these discounts in Tampa, click here.

Local Tampa insurance agencies

Certain consumers still prefer to buy from a licensed agent and that is just fine! Most agents are highly skilled in risk management and will help you if you have claims. A good thing about comparing rate quotes online is the fact that you can find cheap rate quotes and also buy local.

After completing this quick form, your insurance coverage information is transmitted to agents in your area who will gladly provide quotes to get your business. You won’t need to contact an agency since price quotes are sent to you directly. In the event you want to compare prices from a specific insurance company, you would need to search and find their rate quote page and give them your coverage information.

Finding a good insurance company should include more criteria than just the quoted price. Some important questions to ask are:

• Do they see any coverage gaps in your plan?
• How much training do they have in personal risk management?
• Do they specialize in personal lines coverage in Tampa?
• Do they assist clients in filing claims?
• Which insurance companies are they affiliated with?

Is an exclusive or independent car insurance agent right for you?

When searching for a local Tampa insurance agency, you must know there are a couple types of insurance agents and how they operate. Car insurance policy providers can be classified as either independent or exclusive depending on the company they work for. Both can provide car insurance policies, but it’s worth learning the difference in the companies they write for because it may have an impact on the type of agent you choose.

Exclusive Insurance Agents

Agents in the exclusive channel can only provide one company’s prices like AAA, State Farm, Farmers Insurance, and Allstate. Exclusive agencies are unable to provide prices from multiple companies so it’s a take it or leave it situation. These agents are trained well on the products they sell and that allows them to sell at a higher price point.

Below are exclusive agencies in Tampa who may provide you with price quotes.

More Tampa agents

Independent Car Insurance Agencies

These type of agents often have affiliation with several companies and that is an advantage because they can write policies with an assortment of companies and find you cheaper rates. If they find a cheaper price, they simply switch companies in-house and you don’t have to do anything.

When comparing rates, we recommend you get insurance quotes from a couple of independent agencies to have the best price comparison.

Listed below are independent insurance agents in Tampa willing to provide price quote information.

More Tampa agents

Educate yourself about auto insurance coverages

Learning about specific coverages of your policy aids in choosing the best coverages and proper limits and deductibles. Policy terminology can be difficult to understand and even agents have difficulty translating policy wording. Below you’ll find the usual coverages found on most auto insurance policies.

Medical payments coverage and PIP

Medical payments and Personal Injury Protection insurance provide coverage for expenses such as chiropractic care, surgery, rehabilitation expenses and dental work. The coverages can be used to cover expenses not covered by your health insurance plan or if you are not covered by health insurance. They cover not only the driver but also the vehicle occupants as well as being hit by a car walking across the street. PIP coverage is not universally available and may carry a deductible

Liability insurance

Liability insurance can cover damage or injury you incur to a person or their property that is your fault. It protects YOU from legal claims by others, and doesn’t cover damage to your own property or vehicle.

Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have values of 10/20/10 which means $10,000 in coverage for each person’s injuries, a per accident bodily injury limit of $20,000, and a limit of $10,000 paid for damaged property.

Liability can pay for claims such as pain and suffering, emergency aid and court costs. The amount of liability coverage you purchase is up to you, but buy as large an amount as possible. Florida requires drivers to carry at least 10/20/10 but you should consider buying more coverage.

The chart below demonstrates why low liability limits may not be enough.

Comprehensive coverage

Comprehensive insurance coverage will pay to fix damage that is not covered by collision coverage. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for claims such as hitting a bird, a tree branch falling on your vehicle, rock chips in glass and hitting a deer. The maximum amount you’ll receive from a claim is the market value of your vehicle, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.

Uninsured/Underinsured Motorist coverage

Uninsured or Underinsured Motorist coverage protects you and your vehicle when the “other guys” either have no liability insurance or not enough. This coverage pays for medical payments for you and your occupants as well as your vehicle’s damage.

Due to the fact that many Florida drivers only carry the minimum required liability limits (10/20/10), it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage is very important.

Collision protection

This coverage pays for damage to your Tahoe resulting from colliding with another car or object. A deductible applies and then insurance will cover the remainder.

Collision coverage pays for things such as scraping a guard rail, crashing into a building and crashing into a ditch. Paying for collision coverage can be pricey, so you might think about dropping it from lower value vehicles. It’s also possible to bump up the deductible on your Tahoe to bring the cost down.

You can find affordable coverage

Low-cost Chevy Tahoe insurance in Tampa can be found online as well as from independent agents in Tampa, so get free Tampa auto insurance quotes from both of them so you have a total pricing picture. Some insurance providers may not offer the ability to get quotes online and these regional carriers prefer to sell through independent insurance agents.

As you restructure your insurance plan, it’s very important that you do not sacrifice coverage to reduce premiums. There are many occasions where an accident victim reduced full coverage only to regret at claim time that saving that couple of dollars actually costed them tens of thousands. Your goal is to buy the best coverage you can find at the best cost, but do not sacrifice coverage to save money.

We just showed you many ideas to get a better price on Chevy Tahoe insurance in Tampa. The most important thing to understand is the more rate comparisons you have, the more likely it is that you will get a better rate. You may even discover the biggest savings come from the least-expected company. These companies can often provide lower car insurance rates in certain areas than the large multi-state companies such as Progressive or GEICO.

To read more, link through to the following helpful articles:

• Older Driver Statistics (Insurance Information Institute)
• Who Has Affordable Car Insurance Rates for a Company Car in Tampa? (FAQ)
• Who Has Affordable Car Insurance Rates for a 20 Year Old Male in Tampa? (FAQ)
• What Insurance is Cheapest for a Honda Accord in Tampa? (FAQ)
• How Much are Tampa Car Insurance Rates for a Ford F-150? (FAQ)
• Who Has Affordable Auto Insurance for High School Students in Tampa? (FAQ)
• Who Has the Cheapest Auto Insurance Rates for a Honda CR-V in Tampa? (FAQ)
• What Car Insurance is Cheapest for Inexperienced Drivers in Tampa? (FAQ)
• Who Has Cheap Car Insurance for College Students in Tampa? (FAQ)
• Top Signs Your Brakes are Giving Out (State Farm)
• Credit and Insurance Scores (Insurance Information Institute)