Best Ways to Save on Jersey City Chevy Suburban Insurance

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Insurance rates Chevy Suburban in Jersey CityFinding low cost prices on Chevy Suburban insurance in Jersey City can be a challenge for drivers who have little experience online insurance quotes. Consumers have so many different companies and agents to choose from that it can quickly become a burden to locate the lowest prices.

It's a fact that auto insurance companies want to keep you from comparing rates. Insureds who compare rates at least once a year are highly likely to buy a different policy because there are good odds of finding a lower rate. A study discovered that people who made a habit of comparing rate quotes saved on average $72 a month compared to policyholders who never shopped around for better prices.

If finding the cheapest price for insurance in Jersey City is why you're reading this, then having a grasp of how to shop and compare cheaper coverage can save time and money.

How to find cheap Chevy Suburban insurance in Jersey City

When comparing insurance rates, know that making a lot of price comparisons gives you a better chance of getting more affordable rates. Some companies don't provide online rate quotes, so it's necessary to compare prices on coverage from those companies, too.

The companies in the list below have been selected to offer price quotes in Jersey City, NJ. In order to find cheap auto insurance in Jersey City, we suggest you click on several of them in order to get a fair rate comparison.

Detailed insurance information

The rate table below outlines a range of insurance premium costs for Chevy Suburban models. Knowing how rate quotes are figured can assist in making decisions on which insurance to purchase.

Chevrolet Suburban Insurance Rates in Jersey City, NJ
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Suburban LS 2WD $326 $532 $462 $28 $138 $1,486 $124
Suburban LT 2WD $326 $532 $462 $28 $138 $1,486 $124
Suburban LS 4WD $326 $532 $462 $28 $138 $1,486 $124
Suburban LT 4WD $326 $532 $462 $28 $138 $1,486 $124
Suburban LTZ 2WD $326 $626 $462 $28 $138 $1,580 $132
Suburban LTZ 4WD $364 $626 $462 $28 $138 $1,618 $135
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Prices above based on married male driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and New Jersey minimum liability limits. Discounts applied include homeowner, claim-free, safe-driver, multi-vehicle, and multi-policy. Prices do not factor in the specific area where the vehicle is garaged which can influence premiums noticeably.

Physical damage deductibles

A question often asked by Jersey City drivers is how high or low should comp and collision deductibles be. The premium rates below sum up the cost difference between low and high physical damage deductibles. The first set of prices uses a $250 comprehensive and collision deductible and the second set of prices uses a $1,000 deductible.

Chevrolet Suburban insurance rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Suburban LS 2WD $420 $626 $480 $28 $144 $1,723 $144
Suburban LT 2WD $420 $626 $480 $28 $144 $1,723 $144
Suburban LS 4WD $420 $626 $480 $28 $144 $1,723 $144
Suburban LT 4WD $420 $626 $480 $28 $144 $1,723 $144
Suburban LTZ 2WD $420 $738 $480 $28 $144 $1,835 $153
Suburban LTZ 4WD $466 $738 $480 $28 $144 $1,881 $157
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Chevrolet Suburban insurance rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Suburban LS 2WD $258 $394 $480 $28 $144 $1,304 $109
Suburban LT 2WD $258 $394 $480 $28 $144 $1,304 $109
Suburban LS 4WD $258 $394 $480 $28 $144 $1,304 $109
Suburban LT 4WD $258 $394 $480 $28 $144 $1,304 $109
Suburban LTZ 2WD $258 $464 $480 $28 $144 $1,374 $115
Suburban LTZ 4WD $288 $464 $480 $28 $144 $1,404 $117
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Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, and New Jersey minimum liability limits. Discounts applied include claim-free, homeowner, safe-driver, multi-vehicle, and multi-policy. Table data does not factor in Jersey City location which can revise coverage rates greatly.

Based on the above data, using a $250 deductible costs approximately $37 more each month or $444 a year averaged for all Suburban models than requesting the higher $1,000 deductible. Because you would be required to pay $750 more if you file a claim with a $1,000 deductible as compared to a $250 deductible, if you go at least 20 months between claim filings, you would most likely save money if you decide on a higher deductible.

Full coverage or liability only

The illustration below illustrates the difference between Chevy Suburban auto insurance costs with full physical damage coverage compared to only buying liability only. The prices are based on no tickets, no at-fault accidents, $1,000 deductibles, single status, and no other discounts are factored in.

When to buy liability coverage only

There is no set rule of when to drop physical damage coverage, but there is a guideline you can consider. If the annual cost of coverage is 10% or more of the settlement you would receive from your company, then you might want to consider buying only liability coverage.

For example, let's assume your Chevy Suburban settlement value is $7,000 and you have $1,000 policy deductibles. If your vehicle is severely damaged, the most you would get paid by your company is $6,000 after the policy deductible has been paid. If you are paying more than $600 annually for comprehensive and collision coverage, then it might be time to consider dropping full coverage.

There are some conditions where removing full coverage is not financially feasible. If you still have a lienholder on your title, you have to keep full coverage to protect the lienholder's interest. Also, if your finances do not allow you to purchase a different vehicle if your current one is in an accident, you should keep full coverage in place.

Here's why auto insurance is not optional

Even though it's not necessarily cheap to insure a Chevy in Jersey City, buying auto insurance serves an important purpose.

  • Most states have minimum mandated liability insurance limits which means state laws require a specific minimum amount of liability insurance coverage in order to drive the car legally. In New Jersey these limits are 15/30/5 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $5,000 of property damage coverage.
  • If your Chevy has a lienholder, almost all lenders will require you to have full coverage to ensure the loan is repaid in case of a total loss. If you default on your policy, the bank may buy a policy for your Chevy at an extremely high rate and force you to pay for it.
  • Insurance safeguards your Chevy Suburban and your assets. It also can pay for medical expenses that are the result of an accident. Liability coverage, the one required by state law, also pays expenses related to your legal defense if you are sued as the result of your driving. If you have damage to your Chevy as the result of the weather or an accident, comprehensive (other-than-collision) and collision coverage will pay to restore your vehicle to like-new condition.

The benefits of carrying adequate insurance more than offset the price you pay, particularly if you ever have a claim. According to a survey of 1,000 drivers, the average driver is overpaying more than $830 a year so compare rates every year to be sure current rates are still competitive.

How do I know if I need professional advice?

When it comes to buying your policy, there really isn't a best way to insure your cars. Your needs are unique to you and your policy should reflect that.Safe vehicles cost less to insure Here are some questions about coverages that may help you determine whether or not you will benefit from professional help.

  • What happens if I owe more than my Chevy Suburban is worth?
  • Do I need added coverage for expensive stereo equipment?
  • Do I pay less if my vehicle is kept in my garage?
  • How much underlying liability do I need for an umbrella policy?
  • Am I covered if my car is in a flood?
  • When does my teenage driver need to be added to my policy?
  • Is my vehicle covered by my employer's policy when using it for work?
  • Am I covered when delivering products for my home-based business?

If you can't answer these questions but one or more may apply to you, you might consider talking to an agent. If you don't have a local agent, simply complete this short form or click here for a list of auto insurance companies in your area.

Insurance coverage basics

Having a good grasp of your insurance policy aids in choosing the right coverages and proper limits and deductibles. The coverage terms in a policy can be impossible to understand and nobody wants to actually read their policy. These are typical coverage types offered by insurance companies.

Coverage for collisions

This coverage covers damage to your Suburban resulting from a collision with another vehicle or an object, but not an animal. You first must pay a deductible and the rest of the damage will be paid by collision coverage.

Collision can pay for things such as sustaining damage from a pot hole, colliding with another moving vehicle, driving through your garage door, crashing into a ditch 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 bump up the deductible on your Suburban to save money on collision insurance.

Comprehensive insurance

This coverage will pay to fix damage that is not covered by collision coverage. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive coverage pays for claims such as a broken windshield, falling objects, vandalism and hail damage. The maximum amount you can receive from a comprehensive claim is the market value of your vehicle, so if your deductible is as high as the vehicle's value it's probably time to drop comprehensive insurance.

Med pay and Personal Injury Protection (PIP)

Coverage for medical payments and/or PIP reimburse you for immediate expenses such as rehabilitation expenses, doctor visits, chiropractic care and nursing services. They are used to cover expenses not covered by your health insurance policy or if you lack health insurance entirely. They cover both the driver and occupants and also covers getting struck while a pedestrian. Personal Injury Protection is not universally available but it provides additional coverages not offered by medical payments coverage

Auto liability

This coverage provides protection from damage that occurs to other's property or people in an accident. This coverage protects you against claims from other people. It does not cover your own vehicle damage or injuries.

It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see policy limits of 15/30/5 that translate to $15,000 in coverage for each person's injuries, a total of $30,000 of bodily injury coverage per accident, and $5,000 of coverage for damaged property. Some companies may use one number which is a combined single limit that pays claims from the same limit and claims can be made without the split limit restrictions.

Liability insurance covers things like funeral expenses, medical services, legal defense fees, structural damage and attorney fees. How much liability coverage do you need? That is a decision to put some thought into, but buy higher limits if possible. New Jersey requires minimum liability limits of 15/30/5 but it's recommended drivers buy better liability coverage.

The next chart demonstrates why buying the state minimum limits may not be adequate.

Uninsured/Underinsured Motorist (UM/UIM)

Your UM/UIM coverage gives you protection from other drivers when they either are underinsured or have no liability coverage at all. This coverage pays for medical payments for you and your occupants and also any damage incurred to your Chevy Suburban.

Since a lot of drivers carry very low liability coverage limits (15/30/5 in New Jersey), it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages should not be overlooked. Normally these coverages are identical to your policy's liability coverage.

Auto insurance companies ranked

Ending up with a high-quality auto insurance provider can be challenging considering how many companies are available to choose from in New Jersey. The rank data in the next section may help you choose which car insurance providers to look at when shopping your coverage around.

Top 10 Jersey City Car Insurance Companies Ranked by Claims Service

  1. Progressive
  2. USAA
  3. Liberty Mutual
  4. GEICO
  5. State Farm
  6. Nationwide
  7. Allstate
  8. 21st Century
  9. The Hartford
  10. Farmers Insurance

Cheaper car insurance is a realistic goal

When you buy Jersey City car insurance online, don't be tempted to buy less coverage just to save a little money. In many cases, an insured cut full coverage only to regret they didn't have enough coverage. Your objective should be to purchase plenty of coverage at the best cost while not skimping on critical coverages.

Discount Chevy Suburban insurance in Jersey City can be bought on the web in addition to many Jersey City insurance agents, so you need to quote Jersey City car insurance with both to have the best chance of lowering rates. Some insurance providers may not offer online price quotes and many times these regional insurance providers only sell coverage through independent agencies.

How to save on Chevy Suburban insurance in Jersey City

The best way to find lower priced car insurance rates in Jersey City is to make a habit of regularly comparing prices from different companies who sell auto insurance in New Jersey. Drivers can shop around by following these guidelines.

  • First, spend a few minutes and learn about car insurance and the things you can control to prevent rate increases. Many factors that are responsible for high rates such as your driving record and a lousy credit rating can be improved by making minor driving habit or lifestyle changes.
  • Second, compare prices from direct carriers, independent agents, and exclusive agents. Direct companies and exclusive agencies can only provide price estimates from one company like Progressive or Farmers Insurance, while independent agents can give you price quotes for a wide range of companies.
  • Third, compare the new rate quotes to your current policy premium to see if you can save by switching companies. If you can save money, make sure coverage is continuous and does not lapse.
  • Fourth, tell your current company of your intent to cancel your current coverage. Submit a signed application and payment for your new coverage. Don't forget to put the new certificate of insurance in an easily accessible location in your vehicle.

A valuable tip to remember is that you'll want to make sure you compare similar limits and deductibles on each price quote and and to get prices from every company you can. This ensures an accurate price comparison and the best price quote selection.

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