Save on Chevy Suburban Insurance in Anchorage

If you want to find the absolute lowest rates, then the best way to find cheaper quotes for Chevy Suburban insurance in Anchorage is to start comparing prices regularly from insurers who provide auto insurance in Alaska.

1. Get a basic knowledge of how car insurance works and the things you can change to keep rates down. Many things that are responsible for high rates like getting speeding tickets and poor credit rating can be improved by paying attention to minor details. This article gives more details to help prevent costly coverage and find overlooked discounts.
2. Get rate quotes from independent agents, exclusive agents, and direct companies. Direct and exclusive agents can only give prices from a single company like GEICO and State Farm, while independent agencies can quote rates for many different companies.
3. Compare the new rates to the price on your current policy to determine if switching companies saves money. If you find a better price and decide to switch, make sure there is no lapse in coverage.
4. Notify your current company of your intent to cancel your current policy. Submit the application along with any required down payment to your new company or agent. Once the paperwork is finalized, put the new certificate verifying coverage in an easily accessible location.

A good tip to remember is to try to use identical coverages on each quote request and to quote with as many companies as you can. Doing this helps ensure a fair price comparison and the best price selection.

It’s easy to assume that car insurance companies don’t want customers comparing rates. Insureds who shop for lower prices will probably buy a new policy because they stand a good chance of finding a policy with more affordable rates. Surprisingly, a recent survey revealed that drivers who compared prices regularly saved as much as $850 each year as compared to drivers who didn’t regularly shop around.

If finding the best rates on insurance in Anchorage is your goal, then learning about how to get rate quotes and compare coverage rates can make shopping around easier.

Our goal is to tell you how car insurance companies work and some money-saving tips. If you currently have auto insurance, you will definitely be able to save money using the ideas presented in this article. Drivers only need an understanding of the most time-saving way to compare different rates online from multiple companies.

Best companies for Chevy Suburban insurance

The auto insurance companies shown below offer comparison quotes in Alaska. If you want to find the best cheap car insurance in AK, we suggest you compare several of them to get the best price comparison.

Car insurance statistics for a Chevy Suburban

The table shown below showcases a range of coverage costs for Chevy Suburban models. Being able to understand how insurance rates are formulated is important for making decisions on which coverage to buy.

Above prices assume single male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Alaska minimum liability limits. Discounts applied include homeowner, multi-policy, safe-driver, multi-vehicle, and claim-free. Estimates do not factor in specific location information which can decrease or increase premium rates significantly.

Policy deductibles

When comparing car insurance rates, the most common question is how low should you set your deductibles. The comparison tables below summarize how much more you’ll pay when you buy lower versus higher insurance deductibles. The first pricing table uses a $250 comprehensive and collision deductible and the second rate chart uses a $500 deductible.

Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, and Alaska minimum liability limits. Discounts applied include safe-driver, multi-vehicle, claim-free, homeowner, and multi-policy. Price information does not factor in vehicle location which can influence premiums considerably.

Using the data above, we can ascertain that using a $250 deductible will cost you about $11 more each month or $132 annually than opting for the higher $500 deductible. Because you would be required to pay $250 more if you file a claim with a $500 deductible as compared to a $250 deductible, if you normally average more than 23 months between claims, you would come out ahead if you opt for a higher deductible.

The diagram below shows how choosing a deductible and can increase or decrease Chevy Suburban insurance costs for different categories of driver ages. The data is based on a single female driver, comp and collision included, and no other discounts are factored in.

Drive responsibly or pay higher rates

The information below shows how violations and at-fault accidents can affect Chevy Suburban insurance rates for different categories of driver ages. The premium estimates are based on a single female driver, full physical damage coverage, $100 deductibles, and no discounts are factored in.

Full coverage versus liability-only

The chart below illustrates the difference between Chevy Suburban auto insurance rates with and without physical damage coverage. The data assumes no claims or driving citations, $250 deductibles, drivers are single, and no discounts are applied to the premium.

When to stop paying for full coverage

There isn’t a steadfast formula of when to exclude physical damage coverage, but there is a general guideline you can use. If the annual cost of comprehensive and collision coverage is more than around 10% of replacement cost minus your deductible, then you might want to think about dropping full coverage.

For example, let’s assume your Chevy Suburban settlement value is $6,000 and you have $1,000 full coverage deductibles. If your vehicle is severely damaged, the most your company would pay you is $5,000 after the deductible is paid. If you are paying in excess of $500 annually to have full coverage, then it could be time to drop full coverage.

There are a few situations where only buying liability is not a good idea. If you haven’t paid off your loan, you have to keep full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if you don’t have enough money to buy a different vehicle in the event your current vehicle is totaled, you should maintain full coverage.

Get discounts on Anchorage auto insurance

Companies offering auto insurance do not advertise every discount available very well, so the list below contains a few of the more well known and also the more inconspicuous credits that you can use to lower your rates.

• Claim Free – Anchorage drivers who stay claim-free are rewarded with significantly better rates on Anchorage auto insurance quote in comparison to bad drivers.
• Active Military Service – Having a deployed family member could qualify you for better rates.
• Save with a New Car – Buying a new car instead of a used Suburban may earn a small discount since newer models are generally safer.
• Driver Education Discount – It’s a good idea to have your young drivers take driver’s ed class in school or through a local driver safety program.
• Accident Forgiveness – Not a discount per se, but companies like Progressive, Allstate, and GEICO will let one accident slide before your rates go up if you have no claims for a specific time period.
• Policy Bundle Discount – When you combine your homeowners and auto insurance and insure them both with the same insurance company you could earn a discount of nearly 15% which can help you find cheaper Suburban insurance.
• Low Mileage – Maintaining low annual mileage can earn slightly better prices than normal.
• Discounts for Government Workers – Active or retired federal employment could qualify for a slight premium decrease but check with your company.

A little disclaimer on discounts, some credits don’t apply to all coverage premiums. Some only apply to specific coverage prices like medical payments or collision. So even though they make it sound like adding up those discounts means a free policy, you won’t be that lucky.

The example below shows the difference between Chevy Suburban yearly insurance costs with and without discounts applied to the policy rates. The information is based on a male driver, no claims, a clean driving record, Alaska state minimum liability limits, comp and collision included, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, safe-driver, multi-policy, homeowner, claim-free, and marriage discounts applied.

Auto insurance companies that have some of the discounts shown above include:

• Mercury Insurance
• Farmers Insurance
• Farm Bureau
• State Farm
• Allstate
• GEICO

When quoting, ask each insurance company to apply every possible discount. Some of the discounts discussed earlier may not apply to policies everywhere. To see a list of providers with significant discounts in Anchorage, click this link.

Four Tips to Get Cheaper Anchorage Insurance Prices

Lots of things are part of the equation when quoting car insurance. A few of the factors are predictable like your driving record, although others are less obvious such as your marital status or your vehicle rating.

• Do safer cars cost less to insure? – Vehicles with good safety scores tend to be cheaper to insure. Vehicles built for safety reduce the chance of injuries and better occupant protection translates into savings for insurance companies passed on to you as lower rates. If your Chevy scored at minimum an “acceptable” rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website it is probably cheaper to insure.
• Eliminate unneeded extra policy coverages – There are a ton of add-on coverages that you can get tricked into buying if you aren’t diligent. Coverages for vanishing deductibles, towing, and additional equipment coverage may not be needed and are just wasting money. The coverages may be enticing when discussing your needs, but if they’re wasting money eliminate the coverages to reduce your premium.
• Excellent credit means lower premiums – A driver’s credit score is a big factor in calculating your premium rate. People with excellent credit scores tend to be more responsible and file fewer claims than drivers with lower credit scores. Therefore, if your credit rating is not that good, you could be paying less to insure your Chevrolet Suburban by improving your rating.
• Maintain insurance coverage – Allowing your insurance policy to lapse is a quick way to pay more for insurance. Not only will you pay higher rates, not being able to provide proof of insurance might get you a revoked license or a big fine.

• Insurance loss data for a Chevy Suburban – Insurance companies take into consideration insurance loss statistics for every vehicle to help calculate a profitable premium rate. Models that the data shows to have high amounts or severity of claims will cost more for specific coverages.

  The table below outlines the insurance loss data for Chevy Suburban vehicles. For each coverage type, the claim amount for all vehicles compiled together is equal to 100. Numbers shown that are under 100 imply a favorable loss record, while numbers above 100 indicate more frequent losses or larger claims.

  
  

  Insurance Loss Ratings for Chevrolet Suburban Vehicles

  Vehicle 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

  BETTER

  AVERAGE

  WORSE

  Empty fields indicate not enough data collected
  Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Local Anchorage auto insurance agents

Many drivers still prefer to talk to a local agent and that can be a smart move Good insurance agents can help you choose the best coverages and help you file claims. An additional benefit of price shopping on the web is that drivers can save money and get lower rates and still have a local agent. And buying from neighborhood insurance agencies is important especially in Anchorage.

To find an agent, once you fill out this quick form, your insurance data is transmitted to insurance agents in Anchorage who will give competitive quotes to get your business. It’s much easier because you don’t need to find an agent on your own because prices are sent to the email address you provide. If you want to compare prices for a specific company, you would need to visit that company’s website and fill out their quote form.

If you’re trying to find a reliable insurance agent, you should know the types of agencies to choose from. Anchorage agents are categorized either independent (non-exclusive) or exclusive. Both types of agents can provide auto insurance policies, but it’s good to learn the difference between them since it may influence which type of agent you select.

Independent Agencies or Brokers

These agents are not locked into one company so they can insure your vehicles with multiple insurance companies and get you the best rates possible. If premiums increase, they simply move the coverage in-house and you don’t have to do anything.

When comparison shopping, you will definitely want to get quotes from independent agents to have the best price comparison. They often place coverage with additional companies that you may not be familiar with that may provide cheaper auto insurance rates.

Below is a partial list of independent insurance agencies in Anchorage who may be able to give you price quote information.

• Integrity Insurance Agency
  1505 W 34th Ave – Anchorage, AK 99503 – (844) 878-0258 – View Map
• Dewar Insurance Agency
  205 E Benson Blvd – Anchorage, AK 99503 – (907) 258-8888 – View Map
• The Wilson Agency
  3000 A St #400 – Anchorage, AK 99503 – (907) 277-1616 – View Map

View more Anchorage agents

Exclusive Auto Insurance Agents

Agents in the exclusive channel are contracted to one company and some examples include Farmers Insurance, Allstate, or State Farm. These agents are unable to place coverage with different providers so always compare other rates. Exclusive agents are highly trained on their company’s products and that can be a competitive advantage. Drivers often buy from the same agent for years partially due to the brand name and solid financial strength.

The following are exclusive insurance agencies in Anchorage willing to provide price quote information.

• Allstate Insurance: Katrina J. Cain
  540 Karluk St – Anchorage, AK 99501 – (907) 274-2886 – View Map
• Amanda Juliussen – State Farm Insurance Agent
  5600 Debarr Road Ste 140 – Anchorage, AK 99504 – (907) 333-4131 – View Map
• Allstate Insurance: Kelly L. Snodgrass
  9900 Old Seward Hwy #5 – Anchorage, AK 99515 – (907) 346-4006 – View Map

View more Anchorage agents

Selecting a insurance agent should include more criteria than just a cheap quote. These questions are important to ask:

• If you are a high risk driver, do they have special markets for your coverage?
• Are they giving you every discount you deserve?
• Who are their largest clients?
• How does the company pay claims for a total loss?
• Can they provide you with a list of referrals?
• Will vehicle repairs be made with aftermarket parts or OEM replacement parts?
• Is vehicle mileage a factor when determining depreciation for repairs?

Ratings for Anchorage auto insurance companies

Insuring your vehicle with the highest-rated car insurance company can be challenging considering how many companies are available to choose from in Anchorage. The ranking information below may help you choose which car insurance companies you want to consider comparing rate quotes with.

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

Top 10 Anchorage Car Insurance Companies Ranked by Customer Satisfaction

1. USAA – 94%
2. AAA Insurance – 91%
3. State Farm – 90%
4. GEICO – 89%
5. The Hartford – 89%
6. The General – 88%
7. 21st Century – 88%
8. Allstate – 88%
9. Liberty Mutual – 88%
10. Esurance – 87%

Cheap auto insurance rates are out there

As you shop your coverage around, do not sacrifice coverage to reduce premiums. There are many occasions where an insured cut comprehensive coverage or liability limits to discover at claim time that a couple dollars of savings turned into a financial nightmare. Your strategy should be to buy a smart amount of coverage for the lowest cost, but don’t skip important coverages to save money.

Insureds who switch companies do it for a number of reasons such as policy non-renewal, an unsatisfactory settlement offer, extreme rates for teen drivers or even delays in paying claims. No matter why you want to switch, switching companies can be less work than you think.

The cheapest Chevy Suburban insurance in Anchorage is definitely available from both online companies in addition to local insurance agencies, so you need to quote Anchorage auto insurance with both in order to have the best price selection to choose from. There are still a few companies who do not offer the ability to get a quote online and usually these small insurance companies prefer to sell through independent agents.

Other learning opportunities

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