Average Insurance Costs:
- Full Coverage: On average, insuring a Chevrolet Tahoe costs approximately $1,406 per year, or about $117 per month.
- Liability-Only Coverage: For drivers opting for liability-only insurance, the average monthly premium is around $75.
Factors Influencing Premiums:
- Vehicle Age and Value: Older vehicles like the 2007 Tahoe often have lower market values, which can lead to reduced premiums.
- Driving Record: A clean driving history can result in significant discounts, while violations or accidents may increase costs.
- Location: Urban areas may have higher rates due to increased risk factors such as traffic density and crime rates.
- Coverage Levels: Opting for higher deductibles can lower premiums but will increase out-of-pocket expenses in the event of a claim.
2007 Chevrolet Tahoe C1500/K1500: SAMPLE QUOTE
Coverages and Other Factors |
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Coverage Type: Full Coverage |
Number of Vehicles on Policy: 1 |
Year/Make/Model: 2007 Chevrolet Tahoe C1500/K1500 |
Ownership Status: Own/Paid Off |
Roadside/Towing: No |
Rental Coverage: No |
More Auto Coverage Details |
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Insurance Company: Progressive Insurance Company |
Liability Limits: $25,000 each person / $50,000 each accident / $25,000 Property Damage |
Uninsured Motorist: Rejected |
Underinsured Motorist: Rejected |
Medical Payments: Rejected |
Comprehensive/Collison Deductible: $1,000 Deductible |
Insurance Rating Factors
State: Colorado Springs, Colorado
Gender: Male
Age Group: Mid 20’s
Legal Marital Status: Single
Prior Insurance: Yes
Violations: Yes
SR-22: Required
Discounts Applied:
Disclaimer: The purpose of this page is to showcase an estimate of what insurance may cost an individual with these products and/or circumstances. This is based on a real quote.
What is SR22 Insurance?
SR-22 insurance is a type of car insurance that is required for individuals who have had their driver’s license suspended or revoked due to a serious driving violation, such as driving under the influence (DUI) or reckless driving. The SR-22 is a certificate that is filed with the state DMV by the insurance company, which verifies that the driver has the necessary amount of liability insurance coverage. This certificate is also sometimes referred to as a financial responsibility filing.
The SR-22 certificate is typically required by the state for a certain period of time, depending on the severity of the offense. During this time, the driver must maintain continuous insurance coverage and ensure that the insurance company keeps the SR-22 on file with the state. If the driver fails to maintain the required insurance coverage, the insurance company will notify the state, and the driver’s license could be suspended or revoked again. It is important to note that SR-22 insurance is not a type of insurance policy but rather a certificate that verifies that a driver has the necessary insurance coverage.
Why Should I Consider Increasing My Deductible on Full Coverage?
Increasing your deductible on full coverage insurance can help you save money on your monthly premium payments. When you choose a higher deductible, you are agreeing to pay a larger portion of the repair costs in the event of an accident or other covered incident before your insurance coverage kicks in. This means that your insurance company will be responsible for a smaller portion of the total repair costs, which reduces their financial risk and therefore, they may charge you a lower premium.
However, it’s important to consider whether you can afford to pay the higher deductible amount out of pocket in case of an accident. If you choose a deductible that is too high and you can’t afford to pay it, you may find yourself in financial trouble if you get into an accident or if your vehicle is stolen or damaged.
Another factor to consider is the value of your vehicle. If your car is older or has a low market value, it may not be worth paying for a lower deductible because the potential payout from the insurance company may not be worth the additional cost of the lower deductible.
Ultimately, deciding to increase your deductible on full coverage insurance should be a personal decision based on your financial situation and the value of your vehicle. It’s always a good idea to speak with your insurance provider to discuss your options and determine what works best for you.
What Is the Reputation of a 2007 Chevrolet Tahoe C1500/K1500?
The 2007 Chevrolet Tahoe C1500/K1500 generally has a good reputation among car buyers and automotive experts. The Tahoe is a full-size SUV known for its spacious and comfortable interior, powerful engine, and good towing capacity. The C1500/K1500 designation indicates that the vehicle is rear-wheel drive or four-wheel drive, respectively.
The 2007 model year introduced several upgrades and improvements to the Tahoe, including a new interior design, improved ride and handling, and a more powerful engine. The Tahoe also scored well in safety tests conducted by the National Highway Traffic Safety Administration (NHTSA) and the Insurance Institute for Highway Safety (IIHS), receiving four and five-star safety ratings, respectively.
However, as with any vehicle, there have been some reported issues with the 2007 Tahoe, such as problems with the transmission, fuel system, and electrical components. Some owners have also reported issues with the door locks and window regulators. It’s important to note that the reliability and performance of a particular vehicle can vary depending on how well it has been maintained and its individual history.
Overall, the 2007 Chevrolet Tahoe C1500/K1500 has a generally positive reputation among car buyers and automotive experts for its comfort, power, and versatility, but it’s important to do your own research and consider factors such as maintenance history and potential issues before making a purchase.
6-Month Premium:
$1,100.50
Monthly Installments:
$180.16
Curious to see what YOUR quote would be? Click here to fill out an online form to receive a estimate or give us a call at 888-445-2793.