Cheaper 1998 GMC Suburban Insurance Rates

No one looks forward to buying insurance, especially knowing their premiums are through the roof. There is such a variety of insurance companies to insure vehicles with, and even though it’s nice to have a selection, it can be more difficult to get the best deal.

You should make it a habit to compare rates occasionally because insurance rates change quite often. Despite the fact that you may have had the lowest rates for Suburban insurance a year ago the chances are good that you can find a lower rate today. There is a lot of bad information regarding insurance on the web, but I’m going to show you some great ideas on how to save money.

Cheap Insurance Comparisons

There are several ways to compare GMC Suburban insurance prices and some are more efficient than others. You could waste a few hours driving to insurance agencies in your area, or you could save time and use the web to maximize your effort.

Many popular insurance companies belong to an insurance system where prospective buyers submit one quote, and at least one company can give them a price based on the submitted data. This system prevents you from having to do repetitive form submissions for each company you want a rate for.

To participate in this free quote system, click here (opens in new window).

The one disadvantage to doing it this way is buyers cannot specifically choose which providers you will receive quotes from. If you prefer to choose from a list of companies to compare, we have a listing of the cheapest insurance companies in your area. Click here for list of insurance companies.

Whichever way you use, be sure to compare exactly the same quote information for every quote you compare. If you use higher or lower deductibles you will not be able to decipher which rate is best.

Don’t miss these discounts

Auto insurance companies don’t always publicize every discount very clearly, so we researched some of the more common and the harder-to-find discounts you could be receiving. If you’re not getting every credit you qualify for, you’re just leaving money on the table.

  • Military Discounts – Having a family member in the military may qualify for rate reductions.
  • No Claims – Claim-free drivers pay less as compared to frequent claim filers.
  • Low Mileage Discounts – Fewer annual miles on your GMC could be rewarded with better rates on cars that stay parked.
  • Anti-theft Discount – Anti-theft and alarm systems can help prevent theft and therefore earn up to a 10% discount.
  • Multiple Vehicles – Buying coverage for multiple vehicles on the same insurance policy can get a discount on all vehicles.
  • Seat Belt Usage – Drivers who require all occupants to use a seat belt could cut 10% or more on the medical payments or PIP coverage costs.
  • Anti-lock Brake System – Cars that have steering control and anti-lock brakes can reduce accidents and qualify for as much as a 10% discount.
  • Homeowners Discount – Being a homeowner can save you money because owning a home is proof that your finances are in order.
  • Life Insurance – Some companies give better rates if you take out life insurance.

Consumers should know that most credits do not apply to all coverage premiums. Some only apply to individual premiums such as comprehensive or collision. So despite the fact that it appears you would end up receiving a 100% discount, insurance companies aren’t that generous.

Car insurance companies that may have some of the above discounts are:

Double check with each insurance company which discounts they offer. All car insurance discounts may not apply everywhere.

When might I need help?

When it comes to buying proper insurance coverage, there isn’t really a one size fits all plan. Everyone’s needs are different so your insurance should reflect that For instance, these questions might help in determining if you could use an agent’s help.

  • Do I really need UM/UIM coverage?
  • How many claims can I have before being cancelled?
  • Does my insurance cover damage caused when ticketed for reckless driving?
  • Am I covered when renting a car or should I buy coverage from the car rental agency?
  • Should I have a commercial auto policy?
  • Do I have any recourse if my insurance company denies a claim?
  • Should I file a claim if it’s only slightly more than my deductible?

If you don’t know the answers to these questions but you think they might apply to your situation, then you may want to think about talking to an insurance agent. To find an agent in your area, fill out this quick form or go to this page to view a list of companies. It’s fast, free and can provide invaluable advice.

Detailed coverages of your insurance policy

Knowing the specifics of your policy can be of help when determining the right coverages and the correct deductibles and limits. The coverage terms in a policy can be impossible to understand and reading a policy is terribly boring. Shown next are typical coverages offered by insurance companies.

Collision coverages – This will pay to fix damage to your Suburban resulting from a collision with another vehicle or an object, but not an animal. You first must pay a deductible then your collision coverage will kick in.

Collision coverage pays for things such as crashing into a building, backing into a parked car, colliding with another moving vehicle and hitting a mailbox. This coverage can be expensive, so you might think about dropping it from lower value vehicles. Another option is to choose a higher deductible to get cheaper collision coverage.

Uninsured and underinsured coverage – This coverage gives you protection when other motorists are uninsured or don’t have enough coverage. This coverage pays for hospital bills for your injuries and damage to your GMC Suburban.

Since many drivers only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage should not be overlooked.

Comprehensive coverages – Comprehensive insurance coverage pays for damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive insurance covers claims such as falling objects, vandalism, hail damage, a broken windshield and hitting a deer. The highest amount a insurance company will pay at claim time is the ACV or actual cash value, so if the vehicle is not worth much consider removing comprehensive coverage.

Coverage for medical payments – Medical payments and Personal Injury Protection insurance kick in for expenses for nursing services, X-ray expenses, prosthetic devices and funeral costs. They are utilized in addition to your health insurance plan or if you lack health insurance entirely. Coverage applies to you and your occupants and will also cover any family member struck as a pedestrian. PIP coverage is not an option in every state but it provides additional coverages not offered by medical payments coverage

Auto liability insurance – Liability coverage can cover damage that occurs to other’s property or people that is your fault. It protects you against other people’s claims, and does not provide coverage for damage sustained by your vehicle in an accident.

Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show policy limits of 100/300/100 which stand for a $100,000 limit per person for injuries, a per accident bodily injury limit of $300,000, and a limit of $100,000 paid for damaged property.

Liability coverage protects against things like emergency aid, pain and suffering, legal defense fees and loss of income. The amount of liability coverage you purchase is up to you, but you should buy higher limits if possible.