Everyone knows that insurance companies don’t want their customers to go rate shopping. Consumers who compare rates once a year are likely to buy a different policy because there is a great chance of getting low-cost coverage. Surprisingly, a recent survey revealed that drivers who did price comparisons regularly saved as much as $865 annually as compared to drivers who never shopped for cheaper rates.
If saving money on auto insurance is your goal, then having a grasp of how to get free comparison quotes and analyze insurance rates can help you be more efficient.
The best way to find low-cost prices for Suzuki Equator insurance in Dallas is to make a habit of regularly comparing prices from insurers who sell auto insurance in Texas. Drivers can shop around by following these guidelines.
- Step 1: Take a little time to learn about how insurance companies determine prices and the measures you can take to prevent expensive coverage. Many rating factors that result in higher rates like multiple speeding tickets and a bad credit rating can be controlled by making minor changes in your lifestyle.
- Step 2: Request rate estimates from exclusive agents, independent agents, and direct providers. Direct companies and exclusive agencies can only provide price estimates from a single company like GEICO and State Farm, while independent agencies can quote prices from multiple companies.
- Step 3: Compare the new rate quotes to the premium of your current policy to determine if switching companies saves money. If you find better rates and make a switch, make sure coverage is continuous and does not lapse.
- Step 4: Notify your company or agent to cancel your current coverage. Submit payment along with a signed and completed policy application for the new coverage. Make sure you keep your new certificate verifying coverage in an easily accessible location in your vehicle.
A key point to remember is to try to compare the same liability limits and deductibles on each price quote and and to get rates from all possible companies. This helps ensure an apples-to-apples comparison and many rates to choose from.
If you’re already insured or need a new policy, you can learn to find the best rates while maximizing coverage. Buying the cheapest auto insurance in Dallas is much easier if you have a good place to start. Drivers only have to learn the fastest way to compare price quotes on the web.
Insurance rate breakdown
The rate information displayed below highlights estimates of rate quotes for Suzuki Equator models. Having a good grasp of how insurance prices are calculated can benefit drivers when making smart choices when comparing insurance rates.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Equator Ext Cab 2WD | $162 | $280 | $366 | $22 | $110 | $940 | $78 |
| Equator Ext Cab 2WD | $162 | $280 | $366 | $22 | $110 | $940 | $78 |
| Equator Ext Cab 2WD | $186 | $340 | $366 | $22 | $110 | $1,024 | $85 |
| Equator Ext Cab 2WD | $186 | $340 | $366 | $22 | $110 | $1,024 | $85 |
| Equator Ext Cab 4WD | $186 | $340 | $366 | $22 | $110 | $1,024 | $85 |
| Equator Crew Cab 4WD | $210 | $400 | $366 | $22 | $110 | $1,108 | $92 |
| Equator Crew Cab 4WD | $210 | $400 | $366 | $22 | $110 | $1,108 | $92 |
| Equator Crew Cab 4WD | $210 | $400 | $366 | $22 | $110 | $1,108 | $92 |
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Data based on married male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Texas minimum liability limits. Discounts applied include claim-free, safe-driver, homeowner, multi-policy, and multi-vehicle. Table data does not factor in specific Dallas garaging location which can modify prices greatly.
The information below illustrates how your choice of deductibles and can increase or decrease Suzuki Equator insurance prices for each different age category. The price estimates are based on a married male driver, full physical damage coverage, and no additional discounts are factored in.
Full coverage versus liability-only in Dallas
The diagram below compares Suzuki Equator insurance costs with liability coverage only compared to full coverage. The data assumes no violations or accidents, $100 deductibles, single status, and no discounts are taken into consideration.
Guidelines for dropping full coverage
There is no definitive guideline for eliminating physical damage insurance, but there is a guideline you can consider. If the annual cost of your full coverage insurance is more than about 10% of replacement cost minus your deductible, then it might be time to consider dropping full coverage.
For example, let’s pretend your Suzuki Equator settlement value is $8,000 and you have $1,000 full coverage deductibles. If your vehicle is damaged in an accident, the most you would get paid by your company is $7,000 after paying your deductible. If you are currently paying more than $700 annually to have full coverage, then it might be time to buy liability only.
There are some scenarios where eliminating full coverage is not advised. If you have an outstanding loan on your vehicle, you must maintain physical damage coverage as part of the loan conditions. Also, if you don’t have enough money to buy a different vehicle in the even your car is totaled, you should not opt for liability only.
Get cheaper rates with these five discounts
The cost of insuring your cars can be expensive, but you may find discounts to help bring down the price. A few discounts will automatically apply when you complete an application, but a few must be requested specifically in order for you to get them. If you do not double check each discount you deserve, you are throwing money away.
- Military Discounts – Being on active deployment in the military could be rewarded with lower prices.
- Homeowners Savings – Being a homeowner can get you a discount because maintaining a house is proof of financial responsibility.
- Discounts for New Vehicles – Buying a new car model can save you some money because new vehicles are generally safer.
- Data Collection Discounts – Dallas drivers who agree to allow their company to analyze where and when they drive by using a telematics device such as Snapshot from Progressive or Drivewise from Allstate could possibly reduce rates if they exhibit good driving behavior.
- Professional Organizations – Joining a qualifying organization could trigger savings on your next car insurance statement.
You should keep in mind that some credits don’t apply to the entire cost. Most only reduce the price of certain insurance coverages like collision or personal injury protection. Even though the math looks like all the discounts add up to a free policy, it’s just not the way it works.
The chart below illustrates the difference between Suzuki Equator insurance premiums with and without discounts. The information is based on a female driver, no claims or driving citations, Texas state minimum liability limits, full coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, marriage, multi-car, homeowner, safe-driver, and claim-free discounts applied.
To see insurance companies offering car insurance discounts in Dallas, click here.
Information about specific coverages
Knowing the specifics of your policy can help you determine the right coverages and the correct deductibles and limits. The coverage terms in a policy can be difficult to understand and reading a policy is terribly boring. Below you’ll find typical coverages found on most insurance policies.
Collision coverage – Collision insurance will pay to fix damage to your Equator resulting from colliding with a stationary object or other vehicle. You will need to pay your deductible and then insurance will cover the remainder.
Collision insurance covers things such as sideswiping another vehicle, colliding with another moving vehicle, scraping a guard rail and sustaining damage from a pot hole. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from lower value vehicles. You can also bump up the deductible on your Equator to bring the cost down.
Medical payments and PIP coverage – Medical payments and Personal Injury Protection insurance kick in for bills for things like nursing services, rehabilitation expenses and pain medications. They can be used to fill the gap from your health insurance policy or if there is no health insurance coverage. They cover both the driver and occupants and also covers any family member struck as a pedestrian. PIP coverage is only offered in select states and may carry a deductible
Comprehensive auto coverage – This coverage covers damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.
Comprehensive coverage protects against things such as a tree branch falling on your vehicle, hitting a bird, hail damage, theft and damage from getting keyed. The most you can receive from a comprehensive claim is the actual cash value, so if the vehicle’s value is low consider dropping full coverage.
Liability insurance – This coverage protects you from damage that occurs to a person or their property that is your fault. This coverage protects you from legal claims by others, and does not provide coverage for damage sustained by your vehicle in an accident.
Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. You might see limits of 30/60/25 that means you have a limit of $30,000 per injured person, a total of $60,000 of bodily injury coverage per accident, and property damage coverage for $25,000. Another option is a combined limit which combines the three limits into one amount rather than limiting it on a per person basis.
Liability can pay for things such as court costs, emergency aid, medical services, funeral expenses and pain and suffering. How much liability should you purchase? That is your choice, but buy as much as you can afford. Texas state minimum liability requirements are 30/60/25 but you should consider buying better liability coverage.
The chart below shows why the minimum limit may not be enough coverage.
UM/UIM (Uninsured/Underinsured Motorist) coverage – This coverage gives you protection when the “other guys” either have no liability insurance or not enough. This coverage pays for injuries sustained by your vehicle’s occupants as well as damage to your Suzuki Equator.
Due to the fact that many Texas drivers carry very low liability coverage limits (30/60/25), it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages should not be overlooked. Most of the time these limits are set the same as your liability limits.
In the end, you can save money
When searching for the cheapest Suzuki Equator rate quotes, do not skimp on critical coverages to save a buck or two. In many cases, an accident victim reduced uninsured motorist or liability limits only to regret that they should have had better coverage. Your aim should be to find the BEST coverage for the lowest cost while still protecting your assets.
Cost effective Suzuki Equator insurance is definitely available from both online companies in addition to local insurance agencies, so you need to shop Dallas auto insurance with both to get a complete price analysis. Some insurance companies do not offer rates over the internet and most of the time these small insurance companies only sell coverage through independent insurance agencies.
Additional learning opportunities
- Frontal Crash Tests (iihs.org)
- How Much are Car Insurance Quotes for Drivers Under 25 in Dallas? (FAQ)
- Who Has Affordable Auto Insurance Rates for Drivers Over Age 70 in Dallas? (FAQ)
- Who Has Affordable Auto Insurance Rates for Teenage Females in Dallas? (FAQ)
- No-Fault Auto Insurance Statistics (Insurance Information Institute)
- A Tree Fell on Your Car: Now What? (Allstate)
- Protecting Teens from Drunk Driving (Insurance Information Institute)
- Protect Yourself Against Auto Theft (Insurance Information Institute)