Save on Suzuki Grand Vitara Insurance in Anchorage

How many times have you told yourself to find more competitive Suzuki Grand Vitara insurance in Anchorage? Wish you could get out of an overpriced insurance policy? Believe me when I say many Anchorage drivers feel the same as you.

We don’t have to point out that fact that auto insurance companies don’t want you shop around. People who shop rates annually will most likely buy a different policy because there is a high probability of finding a policy with better rates. A recent survey found that people who routinely compared rates saved on average $860 a year as compared to drivers who never shopped around for lower prices.

If finding the lowest price for insurance in Anchorage is the reason you’re reading this, then learning about how to quote and compare insurance rates can save time and make the process easier. Lots of car insurance companies contend for your insurance dollar, and because of this it can be hard to compare auto insurance companies to get the cheapest price on Suzuki Grand Vitara insurance in Anchorage.

If you have a policy now or just want cheaper rates, take advantage of these tips to save money without having to cut coverage. Choosing the most cost-effective auto insurance policy in Anchorage is actually quite simple. You only need to know the proper methods to compare prices on the web.

The providers in the list below have been selected to offer quotes in Anchorage, AK. If your goal is to find cheap car insurance in Alaska, we recommend you compare several of them to get a more complete price comparison.

Suzuki Grand Vitara insurance coverage information

The premium table below covers different insurance policy prices for Suzuki Grand Vitara models. Learning more about how auto insurance policy rates are established is important to be able to make decisions on the best policy coverages.

Table data assumes single female driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Alaska minimum liability limits. Discounts applied include homeowner, multi-vehicle, safe-driver, multi-policy, and claim-free. Prices do not factor in garaging location in Anchorage which can modify auto insurance rates considerably.

An analysis of deductible level

One common question asked by Anchorage drivers is how low should you set your deductibles. The premium rates below may help to illustrate the difference in cost when you choose different comp and collision deductibles. The first rate estimation uses a $100 deductible for comprehensive and collision coverage and the second set of rates uses a $1,000 deductible.

Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Alaska minimum liability limits. Discounts applied include homeowner, multi-vehicle, claim-free, multi-policy, and safe-driver. Price estimates do not factor in the specific area where the vehicle is garaged which can affect premiums noticeably.

Based on the above data, using a $100 deductible will cost you approximately $31 more each month or $372 each year than selecting the higher $1,000 deductible. Since you would have to pay $900 more out of your own pocket with a $1,000 deductible as compared to a $100 deductible, if you usually have at least 29 months between claims, you would save money if you elect the higher deductible.

The example below shows how different deductible levels and can influence Suzuki Grand Vitara premium costs for different categories of driver ages. The premium estimates are based on a single male driver, full coverage, and no other discounts are factored in.

Rate comparison of men versus women in Anchorage

The information below shows the difference between Suzuki Grand Vitara yearly insurance costs for male and female drivers. The premiums assume no claims, a clean driving record, comp and collision included, $250 deductibles, marital status is single, and no policy discounts are applied.

Suzuki Grand Vitara full coverage rates compared to liability only

The chart below shows the comparison of Suzuki Grand Vitara auto insurance costs with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The premium estimates are based on no claims, a clean driving record, $250 deductibles, marital status is single, and no discounts are factored in.

Are you wasting money paying for full coverage?

There is no definitive formula that is best for determining when to drop physical damage insurance, but there is a guideline you can consider. If the yearly cost for physical damage coverage is more than about 10% of the settlement you would receive from your company, then it’s probably a good time to buy liability coverage only.

For example, let’s assume your Suzuki Grand Vitara replacement cost is $6,000 and you have $1,000 policy deductibles. If your vehicle is severely damaged, you would only receive $5,000 after paying the physical damage deductible. If you are currently paying more than $500 a year for comprehensive and collision coverage, then it might be time to buy liability only.

There are a few cases where removing full coverage is not financially feasible. If you still have a loan on your vehicle, you must maintain physical damage coverage as part of the loan conditions. Also, if you can’t afford to buy a different vehicle if your current one is totaled, you should keep full coverage on your policy.

It may be expensive, but it’s not optional

Despite the high cost of buying insurance for a Suzuki Grand Vitara in Anchorage, insuring your vehicle may not be optional for several reasons.

First, just about all states have minimum mandated liability insurance limits which means the state requires a specific minimum amount of liability insurance in order to drive the car. In Alaska these limits are 50/100/25 which means you must have $50,000 of bodily injury coverage per person, $100,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.

Second, if you took out a loan on your Suzuki Grand Vitara, more than likely the lender will have a requirement that you have comprehensive coverage to ensure they get paid if you total the vehicle. If you cancel or allow the policy to lapse, the bank will be required to insure your Suzuki for a lot more money and require you to reimburse them much more than you were paying before.

Third, insurance safeguards not only your Suzuki Grand Vitara but also your assets. It will also provide coverage for many types of medical costs that are the result of an accident. Liability insurance also covers legal expenses if you are sued as the result of an accident. If you have damage to your Suzuki as the result of the weather or an accident, comprehensive and/or collision insurance will cover the damage repairs after a deductible is paid.

The benefits of insuring your Grand Vitara are without a doubt worth the cost, specifically if you ever have a liability claim. In a recent study of 1,000 drivers, the average customer is overpaying over $865 each year so compare quotes from several companies once a year at a minimum to save money.

Insurance Cost Influencing Factors

One of the most helpful ways to save on car insurance is to to have a grasp of the rating factors that come into play when calculating the price you pay for car insurance. If you understand what impacts premium levels, this allows you to make educated decisions that may reward you with cheaper rates.

Shown below are a few of the things used by insurance companies to determine prices.

Tickets can increase rates – Drivers with clean records have lower premiums than people who have multiple driving citations. Getting just one chargeable violation can bump up the cost by twenty percent. Drivers who have gotten severe violations like DWI, reckless driving or hit and run convictions are required to file a SR-22 to the state department of motor vehicles in order to legally drive a vehicle.

The illustration below shows how speeding tickets and at-fault claims can raise Suzuki Grand Vitara auto insurance costs for different age categories. The prices are based on a single female driver, full physical damage coverage, $100 deductibles, and no policy discounts are applied.

Urban areas may pay more – Having an address in small towns and rural areas may provide you with better prices when insuring your vehicles. Fewer people translates into fewer accident claims and lower theft and vandalism rates. People in densely populated areas have to deal with more auto accidents and longer commute times. Spending more time driving means more chance of being in an accident.

Drivers with responsible credit save on car insurance – Having a good credit score is likely to be a major factor in determining your rates. Therefore, if your credit score could use some work, you could potentially save money when insuring your Suzuki Grand Vitara if you improve your credit rating. Insureds with good credit tend to be less risk to insure than drivers who have poor credit scores.

If you don’t need it don’t buy it – There are quite a few add-on coverages that can waste your money when buying car insurance. Insurance for things like coverage for rental cars, towing coverage, and motor club memberships are some examples. You may think they are a good idea when you first buy your policy, but your money might be better spent on other coverage so consider taking them off your policy.

Discounts for married couples – Getting married can get you a discount compared to being single. Having a significant other generally demonstrates drivers are more mature and responsible and it’s statistically proven that married couples file fewer claims.

Your car insurance coverage should be tailored to you

When it comes to buying insurance from an agent or online, there really is not a best way to insure your cars. Every situation is different.

Here are some questions about coverages that may help highlight if your insurance needs might need professional guidance.

• Does insurance cover tools stolen from my truck?
• How much liability coverage do I need in Alaska?
• What is the difference between comprehensive and collision coverage?
• I don’t drive much so do I pay less?
• What does UM/UIM cover?
• Am I covered if I have no license?

If you can’t answer these questions but you think they might apply to your situation, then you may want to think about talking to a licensed agent. To find an agent in your area, complete this form. It’s fast, doesn’t cost anything and can provide invaluable advice.

Alaska auto insurance company ratings

Ending up with a good quality insurance company is difficult considering how many choices you have in Alaska. The company information listed below could help you analyze which auto insurance companies to look at when comparing rate quotes.

Top 10 Anchorage Car Insurance Companies Ranked by Claims Service

1. State Farm
2. Esurance
3. AAA Insurance
4. Progressive
5. GEICO
6. Liberty Mutual
7. Allstate
8. The Hartford
9. The General
10. Farmers Insurance

Top 10 Anchorage Car Insurance Companies Ranked by Customer Service

1. State Farm
2. GEICO
3. The Hartford
4. Progressive
5. The General
6. Allstate
7. American Family
8. AAA Insurance
9. Liberty Mutual
10. Farmers Insurance

Auto insurance savings summarized

Insureds switch companies for many reasons like questionable increases in premium, being labeled a high risk driver, lack of trust in their agent or even policy cancellation. Regardless of your reason, switching auto insurance companies is not as difficult as it may seem.

As you restructure your insurance plan, make sure you don’t reduce coverage to reduce premium. Too many times, drivers have reduced collision coverage and discovered at claim time that the small savings ended up costing them much more. Your strategy should be to buy enough coverage at the best cost, but do not sacrifice coverage to save money.

We just covered many ideas to compare Suzuki Grand Vitara insurance rates in Anchorage. The key thing to remember is the more quotes you get, the higher your chance of finding the cheapest Suzuki Grand Vitara rate quotes. You may even discover the biggest savings come from an unexpected company.

How to save money on Suzuki Grand Vitara insurance in Anchorage

It takes a little time, but the best way to get the cheapest Suzuki Grand Vitara insurance is to annually compare prices from companies in Anchorage.

First, learn about the coverage provided by your policy and the factors you can control to keep rates down. Many risk factors that cause high rates like accidents, careless driving, and a poor credit rating can be controlled by being financially responsible and driving safely.

Second, request price quotes from exclusive agents, independent agents, and direct providers. Exclusive agents and direct companies can give quotes from one company like GEICO or Farmers Insurance, while independent agents can provide prices from multiple companies. Click to view companies

Third, compare the new rates to your existing rates to see if switching to a new carrier will save money. If you find a better price and buy the policy, ensure coverage does not lapse between policies.

The most important part of shopping around is that you’ll want to compare the same physical damage deductibles and liability limits on each quote and and to analyze as many car insurance companies as possible. This ensures a level playing field and the best price quote selection.

Much more information about auto insurance in Alaska is available below:

• Anti-Lock Brake FAQ (iihs.org)
• Who Has the Cheapest Auto Insurance for Teenagers in Anchorage? (FAQ)
• What Car Insurance is Cheapest for Felons in Anchorage? (FAQ)
• Who Has Affordable Auto Insurance for Retired Military in Anchorage? (FAQ)
• Young Drivers: The High Risk Years Video (iihs.org)
• Choosing a Car for Your Teen (State Farm)
• Auto Theft Statistics (Insurance Information Institute)