It’s an obvious conclusion that auto insurance companies don’t want you to compare rates. Insureds who shop around for the cheapest price are likely to switch car insurance companies because there is a significant possibility of finding better rates. A recent study showed that people who compared rates once a year saved $3,450 over four years compared to other drivers who didn’t regularly shop around.
If finding the cheapest price on Suzuki Equator insurance in New Orleans is the reason you’re here, then having an understanding of the best ways to find and compare coverage rates can make it easier to shop your coverage around.
It takes a little time, but the best way to get budget Suzuki Equator insurance in New Orleans is to start doing a yearly price comparison from insurers who provide auto insurance in Louisiana.
- First, it will benefit you to learn about how companies price auto insurance and the steps you can take to prevent high rates. Many policy risk factors that cause rate increases such as speeding and a poor credit rating can be remedied by making minor changes in your lifestyle.
- Second, obtain price quotes from direct, independent, and exclusive agents. Exclusive agents and direct companies can only give rate quotes from a single company like GEICO or Allstate, while independent agents can provide rate quotes from multiple sources.
- Third, compare the price quotes to your current policy premium and determine if there is any savings. If you find better rates and decide to switch, ensure there is no coverage lapse between policies.
- Fourth, give notification to your agent or company to cancel your current policy. Submit payment and a completed application to the new company. Once the application is submitted, place your new proof of insurance paperwork in an easily accessible location in your vehicle.
A crucial key to this process is to try to compare identical limits and deductibles on each quote request and and to analyze as many different companies as possible. This ensures a fair price comparison and a thorough price selection.
Compare free New Orleans Suzuki Equator insurance rate quotes
The providers in the list below can provide price quotes in Louisiana. If multiple companies are listed, it’s highly recommended you get price quotes from several of them in order to find the most affordable rates.
Protect your vehicle and other assets
Despite the high cost, buying car insurance serves a purpose in several ways.
First, most states have mandatory liability insurance requirements which means state laws require a specific minimum amount of liability coverage in order to drive the car legally. In Louisiana these limits are 15/30/25 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
Second, if you have a loan on your vehicle, it’s most likely the lender will make it mandatory that you have comprehensive coverage to ensure the loan is repaid in case of a total loss. If the policy lapses, the lender may have to buy a policy to insure your Suzuki at an extremely high rate and require you to pay the higher premium.
Third, car insurance preserves your Suzuki and your assets. Insurance will pay for all forms of medical expenses that are the result of an accident. One policy coverage, liability insurance, also covers all legal expenses up to the policy limit if someone files suit against you as the result of an accident. If mother nature or an accident damages your car, collision and comprehensive (also known as other-than-collision) coverage will cover the repair costs.
The benefits of buying car insurance definitely exceed the price paid, especially if you ever need it. As of last year, the average driver in Louisiana overpays as much as $810 a year so you should quote rates every year to help ensure money is not being wasted.
Analysis of Suzuki Equator rates
The coverage information displayed next highlights estimates of insurance coverage prices for Suzuki Equator models. Having a better understanding of how insurance premiums are determined can be valuable when making decisions on which coverage to buy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Equator Ext Cab 2WD | $218 | $412 | $524 | $32 | $158 | $1,344 | $112 |
| Equator Ext Cab 2WD | $218 | $412 | $524 | $32 | $158 | $1,344 | $112 |
| Equator Ext Cab 2WD | $250 | $502 | $524 | $32 | $158 | $1,466 | $122 |
| Equator Ext Cab 2WD | $250 | $502 | $524 | $32 | $158 | $1,466 | $122 |
| Equator Ext Cab 4WD | $250 | $502 | $524 | $32 | $158 | $1,466 | $122 |
| Equator Crew Cab 4WD | $284 | $592 | $524 | $32 | $158 | $1,590 | $133 |
| Equator Crew Cab 4WD | $284 | $592 | $524 | $32 | $158 | $1,590 | $133 |
| Equator Crew Cab 4WD | $284 | $592 | $524 | $32 | $158 | $1,590 | $133 |
| Get Your Own Custom Quote Go | |||||||
Cost estimates assume single male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Louisiana minimum liability limits. Discounts applied include claim-free, homeowner, safe-driver, multi-vehicle, and multi-policy. Rate information does not factor in garaging location in New Orleans which can modify rates greatly.
Men versus women drivers and insurance cost
The diagram below shows the comparison of Suzuki Equator insurance prices for male and female drivers. The prices are based on no claims or driving violations, comp and collision included, $250 deductibles, single status, and no additional discounts are factored in.
Cost of full coverage
The information below shows the comparison of Suzuki Equator insurance prices with full physical damage coverage and with liability coverage only. The rate quotes are based on no claims or driving violations, $100 deductibles, marital status is single, and no discounts are applied to the premium.
Should you buy full coverage or liability only?
There is no definitive rule for dropping physical damage coverage, but there is a general guideline. If the annual cost of having full coverage is about 10% or more of the vehicle’s replacement cost less your deductible, then you might want to consider buying only liability coverage.
For example, let’s pretend your Suzuki Equator settlement value is $3,000 and you have $1,000 full coverage deductibles. If your vehicle is severely damaged, the most your company would pay you is $2,000 after paying the physical damage deductible. If it’s costing in excess of $200 annually to have full coverage, then you might consider buying liability only.
There are a few cases where eliminating full coverage is not a good plan. If you haven’t satisfied your loan, you have to maintain full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if you cannot afford to purchase a different vehicle if your current one is damaged, you should not consider dropping full coverage.
Save a ton by taking advantage of discounts
Auto insurance is easily one of your largest bills, but there could be available discounts to help bring down the price. Some discounts apply automatically at the time of purchase, but some discounts are required to be specifically requested before being credited.
- Military Deployment Discount – Having an actively deployed family member could qualify you for better rates.
- Clubs and Organizations – Participating in qualifying employment or professional organizations could qualify you for a break when getting a New Orleans auto insurance quote.
- Paper-free Discount – A handful of auto insurance companies may give you up to $50 for completing your application on the web.
- Braking Control Discount – Cars, trucks, and SUVs that have anti-lock braking systems can stop better under adverse conditions and the ABS can save up to 10%.
- New Orleans Homeowners Discount – Owning a house in New Orleans may trigger a policy discount on auto insurance since owning and maintaining a home demonstrates responsibility.
- Discounts for New Vehicles – Insuring a new Equator can get you a discount because newer models are generally safer.
Discounts reduce rates, but you should keep in mind that some of the credits will not apply to the entire policy premium. Some only reduce individual premiums such as liability, collision or medical payments. Despite the appearance that having all the discounts means you get insurance for free, you’re out of luck. Any qualifying discounts will bring down your overall premium however.
The example below visualizes the comparison of Suzuki Equator premium costs with and without policy discounts. The rate quotes are based on a male driver, no claims, a clean driving record, Louisiana state minimum liability limits, full coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, claim-free, safe-driver, multi-policy, homeowner, and marriage discounts applied.
A few of the larger companies and some of the premium reductions they offer can be read below.
- American Family offers premium reductions for mySafetyValet, early bird, TimeAway discount, multi-vehicle, bundled insurance, good student, and Steer into Savings.
- State Farm discounts include multiple policy, good driver, anti-theft, defensive driving training, and accident-free.
- 21st Century policyholders can earn discounts including student driver, air bags, anti-lock brakes, early bird, defensive driver, and 55 and older.
- Travelers has savings for hybrid/electric vehicle, early quote, driver training, save driver, and multi-car.
- GEICO may include discounts for air bags, membership and employees, anti-theft, federal employee, emergency military deployment, anti-lock brakes, and five-year accident-free.
Before purchasing a policy, check with every insurance company to give you their best rates. A few discounts may not be offered in New Orleans. To see auto insurance companies who offer free Suzuki Equator insurance quotes in Louisiana, follow this link.
Best car insurance company in New Orleans
Choosing a high-quality insurer is difficult considering how many companies sell insurance in Louisiana. The company information below may help you analyze which auto insurance companies to look at when looking for cheaper rates.
Top 10 New Orleans Car Insurance Companies Ranked by Customer Satisfaction
- USAA – 91%
- AAA Insurance – 90%
- Esurance – 90%
- Mercury Insurance – 89%
- Nationwide – 89%
- Travelers – 88%
- Progressive – 88%
- Safeco Insurance – 88%
- State Farm – 88%
- Allstate – 88%
Top 10 New Orleans Car Insurance Companies Ranked by Customer Service
- USAA
- Travelers
- Mercury Insurance
- AAA Insurance
- Nationwide
- Safeco Insurance
- Progressive
- State Farm
- The Hartford
- The General