It’s an obvious assumption that car insurance companies don’t want you shop around. Insureds who compare other rates will probably switch to a new company because of the good chance of finding coverage at a cheaper rate. Remarkably, a study showed that consumers who compared price quotes annually saved approximately $860 a year compared to drivers who never shopped around for lower prices.
If finding the cheapest price for Chevy Tahoe insurance in Plano is the reason you’re reading this, learning how to shop and compare insurance can make it simple to find affordable coverage.
If you want to save the most money, the best way to find affordable Chevy Tahoe insurance in Plano is to regularly compare price quotes from companies in Texas.
Step 1: Get a basic knowledge of policy coverages and the measures you can control to lower rates. Many policy risk factors that cause high rates like accidents, traffic violations, and a less-than-favorable credit rating can be remedied by paying attention to minor details.
Step 2: Compare price quotes from exclusive agents, independent agents, and direct providers. Exclusive and direct companies can only give rate quotes from a single company like GEICO and Allstate, while independent agents can provide price quotes from many different companies. Click to view companies
Step 3: Compare the quotes to your current policy premium to see if a cheaper rate is available in Plano. If you find a better price and buy the policy, make sure there is no lapse in coverage.
Step 4: Provide adequate notice to your current company of your intent to cancel the current policy and submit payment along with a signed and completed policy application to the new company. Immediately upon receiving it, put the new proof of insurance certificate with the vehicle registration.
An important bit of advice to remember is to try to compare the same coverage limits and deductibles on each quote and and to get prices from as many companies as possible. This provides an accurate price comparison and plenty of rates choose from.
Components of Your Chevy Tahoe Insurance Costs
One of the most helpful ways to save on auto insurance is to to have a grasp of some of the things that aid in calculating your auto insurance rates. When you understand what impacts premium levels, this empowers consumers to make smart changes that could help you find cheaper rates.
The itemized list below are a few of the things used by your company to calculate your prices.
- Do you know your physical damage deductibles? – The deductibles you choose represent how much money you are required to spend in the event of a claim. Protection for physical damage, also called ‘full coverage’, covers damage that occurs to your car. Some examples of covered claims would be colliding with a stationary object, damage from fire, or theft of your vehicle. The more of the claim you choose to pay out-of-pocket, the better rate you will receive.
Accidents cost more than a fine – Whether or not you get tickets impacts your car insurance rates tremendously. Just one speeding ticket can bump up the cost by as much as thirty percent. Careful drivers tend to pay less for car insurance than people who have multiple driving citations. People who have serious tickets like DUI, reckless driving or excessive speeding might be required by their state to file a proof of financial responsibility form (SR-22) with their state’s licensing department in order to prevent a license revocation.
The information below shows how traffic citations and at-fault claims drive up Chevy Tahoe yearly insurance costs for different categories of driver ages. The rate quotes are based on a married male driver, full physical damage coverage, $250 deductibles, and no discounts are taken into consideration.
Age of drivers – Teen drivers in Texas are proven to be inattentive and easily distracted behind the wheel therefore auto insurance rates are much higher. More experienced drivers are proven to be safer behind the wheel, cost insurance companies less in claims, and tend to be get fewer driving tickets.
The following chart is based on a single driver, full coverage with $250 deductibles, and no discounts or violations.
- How many coverages with the same company – Most companies provide lower prices to insureds that purchase more than one policy such as combining an auto and homeowners policy. The discount can be five, ten or even twenty percent. Even though this discount sounds good, you still need to comparison shop to verify if the discount is saving money. You may still be able to save even more by buying auto insurance from a different company.
- Better auto insurance rates with anti-theft devices – Owning a car with anti-theft technology or alarm system can help lower your premiums. Theft prevention features such as tamper alarm systems, vehicle immobilizer technology and General Motors OnStar all help prevent car theft.
- The higher your credit rating the lower your rates – A driver’s credit score can be an important factor in your rate calculation. Consumers who have good credit tend to be more responsible and file fewer claims than drivers who have bad credit. If your credit could use some work, you could be paying less to insure your Chevrolet Tahoe by improving your credit score.
- If you don’t need it don’t buy it – Insurance companies have many add-on coverages that may not really be needed if you aren’t diligent. Add-on coverages like rental car coverage, accidental death, and additional equipment coverage may be wasting your money. They may seem good initially, but if you’ve never needed them in the past get rid of them and save.
Chevy Tahoe historical loss data – Auto insurance companies use data from past claims to determine a rate that will be profitable for them. Models that statistically have higher claim frequency or loss amount will be charged more to insure. The information below illustrates the compiled insurance loss statistics for Chevy Tahoe vehicles.
For each type of coverage, the statistical loss for all vehicles, regardless of make or model, is equal to 100. Percentage numbers below 100 mean the vehicle has better than average losses, while numbers shown that are more than 100 indicate higher probability of having a loss or tendency to have higher losses.
Chevrolet Tahoe Insurance Loss Statistics Specific Chevrolet Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury Chevrolet Tahoe 4dr 2WD 82 90 105 70 63 88 Chevrolet Tahoe 4dr 4WD 83 89 103 68 62 80BETTERAVERAGEWORSE
Statistics from IIHS.org for 2013-2015 Model Years
First Step: Get free Chevy Tahoe insurance quotes
The car insurance companies shown below can provide price quotes in Texas. If you want to find cheap auto insurance in Texas, it’s highly recommended you compare several of them to get the lowest price.
Chevy Tahoe insurance charts and tables
The rate information displayed below covers estimates of rate quotes for Chevy Tahoe models. Having a better idea how insurance premiums are calculated can assist in making smart policy decisions.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Tahoe LS 2WD||$322||$682||$462||$28||$138||$1,632||$136|
|Tahoe LS 4WD||$362||$682||$462||$28||$138||$1,672||$139|
|Tahoe LT 2WD||$362||$682||$462||$28||$138||$1,672||$139|
|Tahoe LT 4WD||$362||$682||$462||$28||$138||$1,672||$139|
|Tahoe LTZ 2WD||$362||$802||$462||$28||$138||$1,792||$149|
|Tahoe LTZ 4WD||$362||$802||$462||$28||$138||$1,792||$149|
|Get Your Own Custom Quote Go|
Table data represents single male driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Texas minimum liability limits. Discounts applied include multi-policy, homeowner, claim-free, safe-driver, and multi-vehicle. Price estimates do not factor in vehicle location which can impact premiums substantially.
Comparison of car insurance rates by gender and age
The information below visualizes the comparison of Chevy Tahoe insurance costs for male and female drivers. The premiums are based on no claims or driving violations, comp and collision included, $250 deductibles, single marital status, and no discounts are taken into consideration.
Chevrolet Tahoe full coverage rates compared to liability only
The example below shows the comparison of Chevy Tahoe insurance rates with and without physical damage coverage. The price estimates are based on no violations or claims, $500 deductibles, single marital status, and no discounts are factored in.
When to drop full coverage
There is no definitive guideline for dropping full coverage on your policy, but there is a broad guideline. If the annual cost of having full coverage is about 10% or more of any settlement you would receive from your insurance company, then it’s probably a good time to buy liability coverage only.
For example, let’s say your Chevy Tahoe replacement value is $5,000 and you have $1,000 deductibles. If your vehicle is totaled, the most your company would pay you is $4,000 after paying your deductible. If premiums are more than $400 a year for your policy with full coverage, then it’s probably a good time to buy liability coverage only.
There are some circumstances where dropping physical damage coverage is not a good idea. If you still owe a portion of the original loan, you must maintain physical damage coverage as part of the loan conditions. Also, if your finances do not allow you to purchase a different vehicle if your current one is in an accident, you should not consider dropping full coverage.
Choosing the best vehicle insurance in Texas is an important decision
Even though it can be expensive, maintaining insurance may be required for several reasons.
- Most states have minimum mandated liability insurance limits which means you are required to buy specific limits of liability insurance coverage if you don’t want to risk a ticket. In Texas these limits are 30/60/25 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
- If you bought your Chevy Tahoe with a loan, most lenders will require you to have physical damage coverage to guarantee payment of the loan. If coverage lapses or is canceled, the bank may buy a policy for your Chevy for a much higher rate and require you to fork over for the much more expensive policy.
- Insurance protects your Chevy Tahoe and your assets. It will also reimburse you for hospital and medical expenses for you, any passengers, and anyone injured in an accident. Liability insurance, one of your policy coverages, will also pay to defend you if you cause an accident and are sued. If mother nature or an accident damages your car, your auto insurance policy will pay to repair the damage minus the deductible amount.
The benefits of having auto insurance are without a doubt worth the cost, especially with large liability claims. The average driver in America is overpaying over $865 each year so it’s very important to do a rate comparison at every policy renewal to save money.
Cheap Chevy Tahoe insurance quotes in Plano
Insurance can cost an arm and a leg, but you might find some hidden discounts that can drop the cost substantially. Certain discounts will be applied when you complete an application, but a few must be manually applied before they will apply.
- Distant Student – Children who live away from home at college and do not have a car can be insured at a reduced rate.
- Cautious Driver Discount – Insureds who avoid accidents can save as much as half off their rates as compared to drivers with claims.
- Discount for New Cars – Buying a new car model can save up to 30% since newer models are generally safer.
- 55 and Retired – Drivers that qualify as senior citizens are able to get a small discount on rates.
- ABS Braking Discount – Cars, trucks, and SUVs with ABS and/or traction control prevent accidents so companies give up to a 10% discount.
We need to note that most of the big mark downs will not be given to your bottom line cost. Most cut individual premiums such as comprehensive or collision. Even though it appears having all the discounts means you get insurance for free, companies wouldn’t make money that way. But any discount will help reduce the cost of your policy.
The information below illustrates the comparison of Chevy Tahoe annual premium costs with and without discounts applied to the premium. The rate quotes are based on a male driver, no claims or driving violations, Texas state minimum liability limits, comp and collision included, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, multi-policy, claim-free, marriage, homeowner, and multi-car discounts applied.
Some of the insurance companies who may offer many of the previously listed discounts possibly include:
Double check with each company or agent which discounts you qualify for. Some of the earlier mentioned discounts might not be available to policyholders everywhere. If you would like to see a list of insurers who offer free Chevy Tahoe insurance quotes in Texas, follow this link.
Car insurance is available from agents near you
A small number of people just prefer to visit with an insurance agent and often times that is recommended Good agents can help you build your policy and will help you if you have claims. A nice benefit of comparing car insurance online is you can get the best rates and still buy from a local agent.
To make it easy to find an agent, after completing this short form, your insurance coverage information is sent to companies in Plano who will give you bids for your insurance coverage. You won’t need to do any legwork since price quotes are sent to you instantly. If you have a need to get a rate quote from one company in particular, you just need to search and find their rate quote page to submit a rate quote request.
Picking an company requires more thought than just a low price. These are some valid questions you should ask.
- Will their companies depreciate repairs to your car based on the mileage?
- Are they giving you every discount you deserve?
- Do they assist clients in filing claims?
- Will you work with the agent or an assistant?
- Is the quote a firm price?
- Does the company have a local claim office in Plano?
- Is assistance available after office hours?
- Will vehicle repairs be made with aftermarket parts or OEM replacement parts?
If you are searching for a reliable agent, it’s important to understand the types of insurance agents and how they function. Plano agents can be classified as either independent agents or exclusive agents depending on their employer. Either one can write policy coverage, but we need to point out why they differ because it can factor into which type of agent you select.
Exclusive Insurance Agencies
Exclusive agencies can only write with one company and some examples include American Family, State Farm, and AAA. Exclusive agents are unable to provide other company’s prices so you need to shop around if the rates are high. Exclusive insurance agents are highly trained on what they offer which helps them sell on service rather than price. Some consumers prefer to purchase coverage from exclusives primarily because of the prominent brand name and the convenience of having a single billing for all their coverages.
Below are exclusive agents in Plano willing to provide rate quotes.
- Farmers Insurance – Joseph Qiu
5016 Tennyson Pkwy – Plano, TX 75024 – (972) 781-0808 – View Map
- Mike Warren – State Farm Insurance Agent
2100 Dallas Pkwy #110 – Plano, TX 75093 – (972) 403-1060 – View Map
- Christopher Walls – State Farm Insurance Agent
3308 Preston Rd #300 – Plano, TX 75093 – (972) 758-1111 – View Map
These type of agents are not restricted to one company and that enables them to quote your coverage with a variety of different insurance companies and get the cheapest rates. If they quote lower rates, they can switch companies in-house and you don’t have to switch agencies. When comparing car insurance prices, we recommend you compare prices from multiple independent agents to ensure the widest selection of prices. Many write coverage with additional companies that you may not be familiar with which can be an advantage.
The following is a list of independent insurance agencies in Plano that are able to give rate quotes.
- Guest Insurance Agency
903 18th St Ste 124 – Plano, TX 75074 – (972) 424-4209 – View Map
- Kurtz Insurance
704 E 15th St #205 – Plano, TX 75074 – (972) 424-2993 – View Map
- Matt Lohoefer Insurance
5805 Coit Rd #401 – Plano, TX 75093 – (972) 964-0113 – View Map
Upon receiving answers to your satisfaction to all your questions and a low price estimate, you may have just found a car insurance agent that is reliable enough to adequately provide car insurance.
Insurance can be complex
Always remember that when buying adequate coverage, there really isn’t a best way to insure your cars. Your situation is unique and your insurance should unique, too.
These are some specific questions may help highlight if you might need professional guidance.
- How much can I save by bundling my policies?
- What is an SR-22 filing?
- Who does medical payments coverage extend to?
- Why am I be forced to buy a membership to get insurance from some companies?
- When should I buy a commercial auto policy?
- What is GAP insurance?
- Is pet coverage available?
If you can’t answer these questions, you might consider talking to an insurance agent. If you don’t have a local agent, fill out this quick form or go to this page to view a list of companies. It’s fast, free and can help protect your family.
We’ve covered some good ideas how you can lower your Chevy Tahoe insurance prices in Plano. It’s most important to understand that the more times you quote, the more likely it is that you will get a better rate. You may even find the most savings is with some of the smallest insurance companies. Smaller companies can often provide lower rates in certain areas as compared to the big name companies such as State Farm and Allstate.
When trying to cut insurance costs, don’t be tempted to reduce coverage to reduce premium. Too many times, someone sacrificed physical damage coverage to discover at claim time that the savings was not a smart move. Your strategy should be to purchase plenty of coverage at an affordable rate while still protecting your assets.
- How do I File a Claim? (Insurance Information Institute)
- Who Has Cheap Auto Insurance for Real Estate Agents in Plano? (FAQ)
- Who Has Cheap Plano Auto Insurance Quotes for a Chevrolet Silverado? (FAQ)
- What Insurance is Cheapest for a Company Car in Plano? (FAQ)
- Who Has Affordable Auto Insurance Quotes for Young Drivers in Plano? (FAQ)
- Who Has Cheap Car Insurance Quotes for a Ford Focus in Plano? (FAQ)
- Anti-Lock Brake FAQ (iihs.org)
- Can I Drive Legally without Insurance? (Insurance Information Institute)
- Prom Night Tips for Teen Drivers (State Farm)
- Collision Insurance Coverage (Nationwide)