Do you want to save money by buying lower-priced Chevy Suburban insurance in Virginia Beach? Have you fallen victim to an under-performing, overpriced car insurance policy? It’s a common feeling and many Virginia Beach drivers have buyer’s remorse.
A recent car insurance study revealed that a large majority of drivers kept their policy with the same company for at least four years, and just under half have never quoted car insurance rates at all. Many consumers in Virginia could pocket $500 a year just by getting comparison quotes, but most just don’t grasp the amount of savings they would get if they moved their coverage to a different company.
How to buy affordable Chevy Suburban insurance in Virginia Beach
If saving money is your primary concern, then the best way to find cheaper prices for auto insurance rates is to compare prices regularly from insurers in Virginia Beach. Drivers can shop around by following these guidelines.
First, get an understanding of how auto insurance works and the changes you can make to drop your rates. Many factors that increase rates such as traffic violations and a substandard credit score can be improved by making minor changes in your lifestyle. This article provides additional ideas to lower rates and find additional discounts.
Second, request price quotes from exclusive agents, independent agents, and direct providers. Direct and exclusive agents can only give rate quotes from a single company like GEICO and Allstate, while agents who are independent can provide rate quotes for a wide range of companies. View rates
Third, compare the new rates to your current policy and see if you can save money. If you can save some money and decide to switch, verify that coverage does not lapse between policies.
Fourth, tell your current agent or company of your intent to cancel the current policy. Submit a down payment along with a signed application to your new agent or company. Once the application is submitted, put the certificate verifying coverage with your registration paperwork.
One thing to remember is to use the same physical damage deductibles and liability limits on every quote request and and to get rate quotes from as many carriers as you can. This ensures a level playing field and a better comparison of the market.
You have so many auto insurance companies to buy insurance from, and even though it’s nice to have a choice, having more auto insurance companies makes it harder to find the lowest rates for Chevy Suburban insurance in Virginia Beach.
Best Chevy Suburban insurance price quotes in Virginia
The auto insurance companies shown below are ready to provide free rate quotes in Virginia. If you want cheap auto insurance in Virginia Beach, we suggest you visit two to three different companies in order to get a fair rate comparison.
Facts and figures for Chevy Suburban insurance
The coverage information below highlights a range of coverage prices for Chevy Suburban models. Having a better idea how insurance prices are formulated can help customers make informed decisions when comparing rate quotes.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Suburban LS 2WD | $176 | $284 | $248 | $14 | $74 | $796 | $66 |
| Suburban LT 2WD | $176 | $284 | $248 | $14 | $74 | $796 | $66 |
| Suburban LS 4WD | $176 | $284 | $248 | $14 | $74 | $796 | $66 |
| Suburban LT 4WD | $176 | $284 | $248 | $14 | $74 | $796 | $66 |
| Suburban LTZ 2WD | $176 | $336 | $248 | $14 | $74 | $848 | $71 |
| Suburban LTZ 4WD | $196 | $336 | $248 | $14 | $74 | $868 | $72 |
| Get Your Own Custom Quote Go | |||||||
Prices above based on married male driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Virginia minimum liability limits. Discounts applied include multi-policy, homeowner, claim-free, safe-driver, and multi-vehicle. Premium costs do not factor in Virginia Beach location which can affect auto insurance rates noticeably.
Physical damage deductibles
When shopping for car insurance, a common question is how high should the physical damage coverage deductibles be. The data tables below may help to conceptualize the costs and benefits between high and low physical damage deductibles. The first data table uses a $100 deductible for comp and collision and the second set of prices uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Suburban LS 2WD | $250 | $400 | $258 | $16 | $78 | $1,027 | $86 |
| Suburban LT 2WD | $250 | $400 | $258 | $16 | $78 | $1,027 | $86 |
| Suburban LS 4WD | $250 | $400 | $258 | $16 | $78 | $1,027 | $86 |
| Suburban LT 4WD | $250 | $400 | $258 | $16 | $78 | $1,027 | $86 |
| Suburban LTZ 2WD | $250 | $472 | $258 | $16 | $78 | $1,099 | $92 |
| Suburban LTZ 4WD | $278 | $472 | $258 | $16 | $78 | $1,127 | $94 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Suburban LS 2WD | $138 | $210 | $258 | $16 | $78 | $700 | $58 |
| Suburban LT 2WD | $138 | $210 | $258 | $16 | $78 | $700 | $58 |
| Suburban LS 4WD | $138 | $210 | $258 | $16 | $78 | $700 | $58 |
| Suburban LT 4WD | $138 | $210 | $258 | $16 | $78 | $700 | $58 |
| Suburban LTZ 2WD | $138 | $248 | $258 | $16 | $78 | $738 | $62 |
| Suburban LTZ 4WD | $154 | $248 | $258 | $16 | $78 | $754 | $63 |
| Get Your Own Custom Quote Go | |||||||
Table data represents married male driver age 30, no speeding tickets, no at-fault accidents, and Virginia minimum liability limits. Discounts applied include safe-driver, multi-vehicle, multi-policy, claim-free, and homeowner. Rate quotes do not factor in your specific Virginia Beach location which can affect coverage rates substantially.
Based on this data, using a $100 deductible costs approximately $28 more each month or $336 for a full year than selecting the higher $1,000 deductible. Since you would have to pay $900 more to file a claim with a $1,000 deductible as compared to a $100 deductible, if you tend to have at least 32 months between claims, you would save more money going with the higher deductible.
How to calculate deductible break even point
| Average monthly premium for $100 deductibles: | $88 |
| Average monthly premium for $1,000 deductibles (subtract): | – $60 |
| Monthly savings from raising deductible: | $28 |
| Difference between deductibles ($1,000 – $100): | $900 |
| Divide difference by monthly savings: | $900 / $28 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 32 months |
An important thing to remember is that raising deductibles to get cheaper rates results in more money out-of-pocket at claim time. You should have enough money stashed away in order to pay the deductible to have repairs made.
The chart below shows how choosing a deductible and can change Chevy Suburban insurance costs for different age groups. The information is based on a single male driver, comprehensive and collision coverage, and no other discounts are factored in.
Cost comparison with and without full coverage
The illustration below shows the comparison of Chevy Suburban car insurance costs with full physical damage coverage compared to only buying the minimum liability limits required in Virginia. The prices are based on no claims or driving citations, $500 deductibles, drivers are not married, and no discounts are taken into consideration.
When to drop comprehensive and collision
There isn’t a steadfast formula of when to stop paying for comprehensive and collision coverage on your policy, but there is a broad guideline. If the yearly cost of full coverage is more than 10% of any settlement you would receive from your insurance company, then you might consider buying liability only.
For example, let’s pretend your Chevy Suburban claim settlement value is $6,000 and you have $1,000 policy deductibles. If your vehicle is totaled, the most you would receive is $5,000 after you pay the deductible. If you are paying over $500 a year for comprehensive and collision coverage, then you may want to consider only buying liability coverage.
There are some scenarios where dropping physical damage coverage is not in your best interest. If you have an outstanding loan on your vehicle, you have to maintain full coverage to satisfy the loan requirements. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is in an accident, you should not remove full coverage.
Six Things That Influence Your Insurance Rates
Part of the car insurance buying process is learning the different types of things that go into determining the rates you pay for car insurance. If you have a feel for what influences your rates, this empowers consumers to make smart changes that could help you find lower car insurance prices.
Liability protection preserves assets – A critical coverage on your policy, liability insurance will protect you if ever you are ruled to be at fault for causing personal injury or damage in an accident. It will provide legal defense coverage which can cost a lot. This coverage is very inexpensive when compared to the cost of physical damage coverage, so drivers should buy more than the minimum limits required by law.
Bad credit hurts insurance rates – An insured’s credit history will be a significant factor in determining what you pay for car insurance. If your credit history leaves room for improvement, you could potentially save money when insuring your Chevrolet Suburban by spending a little time repairing your credit. Consumers who have excellent credit scores tend to be more responsible and file fewer claims than those with poor credit.
Buy a safe car and pay less – Safer cars get lower rates. Vehicles engineered for safety have better occupant injury protection and fewer serious injuries translates into fewer and smaller insurance claims and thus lower rates. If your Chevy has at least four stars on Safercar.gov or an “acceptable” rating on iihs.org you may qualify for a discount.
Rural areas have lower costs – Residing in a small town can be a good thing when shopping for auto insurance. Urban drivers tend to have much more traffic and more time behind the wheel. Fewer people translates into fewer accident claims as well as less vandalism and auto theft.
Get a ticket, pay higher prices – Having a clean driving record impacts your car insurance rates tremendously. Drivers with clean records pay lower auto insurance prices than people who have multiple driving citations. Having a single citation can increase the cost of insurance by twenty percent. Drivers with severe violations like reckless driving, hit and run or driving under the influence may find they need to submit a SR-22 form with their state DMV in order to prevent a license revocation.
The example below shows how speeding tickets and at-fault collisions impact Chevy Suburban annual premium costs for each age group. The premiums are based on a married female driver, full physical damage coverage, $1,000 deductibles, and no other discounts are factored in.
Insurance is expensive for younger drivers – Older drivers have been proven to be more responsible, cause fewer claims and accidents, and are safer drivers. Beginning drivers have a tendency to be easily distracted behind the wheel so car insurance rates are higher.
The next chart assumes a single driver, full coverage with $500 deductibles, and no discounts or violations.
Insurance loss data for a Chevy Suburban – Insurers take into consideration historical loss data for every vehicle to help determine costs. Models that statistically have increased claim numbers or amounts will have higher premium rates.
The table shown below demonstrates the loss history for Chevy Suburban vehicles. For each coverage type, the statistical loss for all vehicles, regardless of manufacturer or model, is set at 100. Numbers that are below 100 suggest losses that are better than average, while numbers shown that are more than 100 indicate frequent claims or statistically larger claims.
| Make and 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 |
Empty fields indicate not enough data collected
Statistics from IIHS.org for 2013-2015 Model Years
Get cheaper Chevy Suburban insurance rates in Virginia Beach
Some insurance providers don’t always publicize the complete list of policy discounts very well, so the list below gives a summary of some of the best known as well as some of the hidden discounts you could be receiving when you buy Virginia Beach auto insurance online.
- Anti-lock Brakes – Anti-lock brake equipped vehicles are much safer to drive and earn discounts up to 10%.
- Discount for New Cars – Buying a new car instead of a used Suburban can get you a discount due to better safety requirements for new vehicles.
- Discounts for Seat Belt Usage – Drivers who require all vehicle occupants to wear their seat belts may be able to save a few bucks on medical payment and PIP coverage.
- Paperless Signup – Certain insurance companies give back up to $50 get Virginia Beach auto insurance on their website.
- Accident Forgiveness – Not necessarily a discount, but companies like Allstate, State Farm and GEICO will turn a blind eye to one accident without raising rates if your claims history is clear for a set time period.
Just know that some credits don’t apply to the entire cost. The majority will only reduce the price of certain insurance coverages like comp or med pay. So when it seems like it’s possible to get free car insurance, insurance companies wouldn’t stay in business.
The example below shows the difference between Chevy Suburban insurance costs with and without policy discounts. The rate quotes are based on a female driver, no driving violations, no at-fault accidents, Virginia state minimum liability limits, comp and collision included, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, marriage, safe-driver, homeowner, multi-policy, and multi-car discounts applied.
Car insurance companies that may offer these money-saving discounts include:
When quoting, ask all the companies how you can save money. Some of the earlier mentioned discounts might not be offered everywhere. To find auto insurance companies with the best Chevy Suburban insurance discounts in Virginia Beach, follow this link.
Comparing rates from local Virginia Beach auto insurance agents
Many people just want to buy from a licensed agent and that is recommended in a lot of cases A good thing about getting free rate quotes online is you may find better rates and also buy local. And supporting neighborhood insurance agencies is important particularly in Virginia Beach.
To help locate an agent, after submitting this form (opens in new window), your information is submitted to companies in Virginia Beach who will give you bids and help you find cheaper coverage. You won’t need to drive around since rate quotes are delivered directly to your email. It’s the lowest rates without the usual hassles of price shopping. If you have a need to quote rates from one company in particular, you can always search and find their rate quote page and submit a quote form there.
If you would like to find a local Virginia Beach insurance agency, it helps to know the two types of agencies and how they differ in how they quote coverages. Agents can be categorized as either exclusive or independent (non-exclusive).
Independent Insurance Agents
Agents of this type are not required to write business for one company so they have the ability to put coverage with multiple insurance companies and potentially find a lower price. If premiums increase, they simply switch companies in-house and you can keep the same agent. When comparing rates, you need to get some free quotes from several independent insurance agents to get the best comparison.
Below is a short list of independent agents in Virginia Beach that can possibly get you free rate quotes.
Glandon Agency
212 87th St – Virginia Beach, VA 23451 – (757) 422-6729 – View Map
Nationwide Insurance: Avery Insurance Agency Inc
5268 Fairfield Shopping Centre – Virginia Beach, VA 23464 – (757) 366-0366 – View Map
Toby Leffel Insurance Agency
921 First Colonial Road #1703 – Virginia Beach, VA 23454 – (757) 481-9105 – View Map
Exclusive Insurance Agencies
Exclusive insurance agents can only provide one company’s prices and some examples include Allstate, AAA, Farmers Insurance, and State Farm. Exclusive agents cannot place coverage with different providers so you might not find the best rates. Exclusive agents are very knowledgeable on what they offer which aids in selling service over price.
Shown below is a list of exclusive insurance agencies in Virginia Beach who can help you get rate quotes.
Ken Crowder – State Farm Insurance Agent
5802 E Virginia Beach Blvd #128 – Norfolk, VA 23502 – (757) 461-2027 – View Map
Frank Owens – State Farm Insurance Agent
1776 Laskin Rd #102 – Virginia Beach, VA 23454 – (757) 428-3101 – View Map
Tim Johnson – State Farm Insurance Agent
700 Independence Blvd – Virginia Beach, VA 23455 – (757) 499-0550 – View Map
Finding the right insurance agent requires more thought than just the quoted price. Any good agent in Virginia Beach should know the answers to these questions.
- Are there any discounts for paying up front?
- What is their Better Business Bureau rating?
- Will they give you a referral list?
- Do they offer rental car reimbursement?
- How does the company pay claims for a total loss?
- How many companies do they write for?
- Do you work with a CSR or direct with the agent?
- Is working in the agency their full-time job?
Frequent quotes can save
When searching for affordable Virginia Beach auto insurance quotes, do not skimp on coverage in order to save money. There are many occasions where an insured cut liability limits or collision coverage only to find out that the small savings ended up costing them much more. Your aim should be to buy the best coverage you can find for the lowest cost while not skimping on critical coverages.
More affordable car insurance in Virginia Beach is definitely available online in addition to many Virginia Beach insurance agents, so you need to quote Virginia Beach auto insurance with both in order to have the best price selection to choose from. A few companies don’t offer internet price quotes and most of the time these regional carriers only sell coverage through local independent agents.
We just covered many ways to compare Chevy Suburban insurance auto insurance rates in Virginia Beach. The key concept to understand is the more rate comparisons you have, the higher the chance of saving money. Consumers could even find that the lowest priced car insurance comes from an unexpected company. Some small companies can often provide lower premium rates in certain areas compared to the large companies like Progressive or GEICO.
Steps to buying discount Chevy Suburban insurance in Virginia Beach
If saving money is your primary concern, then the best way to get more affordable Chevy Suburban insurance is to start doing an annual price comparison from companies that insure vehicles in Virginia Beach.
Step 1: Take a few minutes and learn about what is in your policy and the factors you can control to prevent expensive coverage. Many policy risk factors that increase rates such as at-fault accidents, speeding tickets, and a poor credit score can be remedied by making lifestyle changes or driving safer.
Step 2: Compare price quotes from independent agents, exclusive agents, and direct companies. Exclusive and direct companies can only give prices from one company like Progressive or State Farm, while independent agencies can quote rates for many different companies. View a list of agents
Step 3: Compare the new quotes to your current policy and determine if cheaper Suburban coverage is available in Virginia Beach. If you find better rates and change companies, make sure there is no lapse between the expiration of your current policy and the new one.
Step 4: Tell your current company of your intention to cancel your current auto insurance policy. Submit a completed application and payment to the newly selected company. Once the paperwork is finalized, place the new proof of insurance certificate in an easily accessible location.
An essential thing to point out is that you use similar limits and deductibles on each quote request and and to get quotes from as many companies as feasibly possible. Doing this ensures a fair price comparison and a complete price analysis.
Even more information can be read by following these links:
- Liability Insurance Coverage (Nationwide)
- Who Has the Cheapest Auto Insurance Rates for a Honda Accord in Virginia Beach? (FAQ)
- Who Has Affordable Auto Insurance for Felons in Virginia Beach? (FAQ)
- Who Has Cheap Car Insurance for a Nissan Sentra in Virginia Beach? (FAQ)
- How Much are Car Insurance Quotes for Drivers with Accidents in Virginia Beach? (FAQ)
- Determining Auto Insurance Rates (GEICO)
- Event Data Recorders FAQ (iihs.org)
- Prepare your Teens for Safe Driving (InsureUonline.org)
- New Honda safety features benefit drivers of all ages (Insurance Institute for Highway Safety)