2012 Chevrolet Traverse Insurance Quotes

Drivers have many options when trying to find low-cost Chevy Traverse insurance. They can either waste time contacting agents trying to get quotes or utilize the internet to find the lowest rates.

There are both good and bad ways to compare auto insurance rates and you need to know the quickest way to quote coverages for your Chevy and obtain the best price possible either online or from local insurance agents.

It’s a good habit to shop coverage around once or twice a year since rates are adjusted regularly by insurance companies. Even if you got the best price on Traverse insurance a couple years back you can probably find a lower rate today. Forget anything you know (or think you know) about auto insurance because I’m going to let you in on the secrets to the proper way to reduce your cost while improving coverage.

Insurance Comparison Rates

Cutting your insurance rates is surprisingly easy. You just need to invest a little time comparing rate quotes provided by online insurance companies. This can be accomplished in just a few minutes using one of these methods.

  1. Probably the best way to compare a lot of rates at once is to use a rate comparison form like this one (opens in new window). This easy form eliminates the need for separate quotation requests for each company you want a rate for. A single form will return price quotes from multiple low-cost companies.It’s the quickest way to get rates.
  2. A more difficult way to find lower rates is to take the time to go to each individual company website and fill out their own quote form. For sake of this example, let’s say you want to compare rates from Allstate, State Farm and Travelers. You would have to spend time on each company’s site to input your insurance information, and that’s why the first method is more popular. For a list of links to insurance companies in your area, click here.
  3. The most time-consuming way to get comparison rates is to waste gas driving to and from local insurance agencies. Buying insurance online makes this process obsolete unless you require the personal advice that only a license agent can provide. However, consumers can get the lowest quotes online and still use a local agent. We’ll cover that shortly.

Which method you use is up to you, but ensure you are comparing exactly the same coverage limits and deductibles for every quote you compare. If each company quotes differing limits it’s not possible to determine the best price for your Chevy Traverse.

Some factors that can determine what Chevy Traverse insurance costs

An important part of buying insurance is that you know the different types of things that play a part in calculating your car insurance rates. Having a good understanding of what impacts premium levels helps enable you to make changes that could result in lower car insurance prices.

Shown below are some of the items that factor into premiums.

  • An active claims history can cost you – Auto insurance companies give better rates to drivers who are claim-free. If you frequently file small claims, you can expect either higher rates or even cancellation. Auto insurance is designed for the bigger claims that can’t be paid out-of-pocket.
  • Liability coverage is peace of mind – Liability coverage is the protection in the event that a jury decides you are liable for damages caused by your negligence. It provides you with a defense in court up to the limits shown on your policy. Liability is cheap when compared with rates for comp and collision, so buy as much as you can afford.
  • How many coverages with the same company – The majority of companies will give a discount to policyholders who consolidate policies with them in the form of a multi-policy discount. Even if you’re getting this discount it’s still a good idea to compare other company rates to verify if the discount is saving money. Consumers may find better rates by insuring with multiple companies.
  • High credit ratings translate to low rates – A driver’s credit history is a large factor in your rate calculation. Therefore, if your credit history is not that good, you could be paying less to insure your 2012 Chevrolet Traverse by spending a little time repairing your credit. Drivers with excellent credit tend to file fewer claims and have better driving records than drivers who have lower credit scores.
  • Always keep insurance in force – Not having insurance is a misdemeanor and as a result your rates will increase for letting your coverage have a gap. And not only will your rates increase, but being ticketed for driving with no insurance might get you a license revocation or jail time.You may have to provide proof of insurance in the form of an SR-22 filing with your state DMV.
  • Your age impacts your rates – Teen drivers are statistically proven to be more careless behind the wheel so they pay higher car insurance rates. Adding a youthful driver onto a policy can really hurt. Older drivers are viewed as being more responsible, tend to cause fewer accidents and get fewer tickets.
  • Higher safety ratings means cheaper insurance – Vehicles with good safety scores tend to have better insurance rates. Safe vehicles have better occupant injury protection and any reduction in injury severity means less money paid by your insurance company and more competitive rates for policyholders. If your Chevy Traverse is rated at least an “acceptable” rating on the Insurance Institute for Highway Safety website it may be receiving lower rates.
  • Your occupation can affect rates – Did you know that where you work can have an impact on rates? Occupations like real estate brokers, architects and financial analysts tend to pay higher average rates due to high stress levels and lots of time spent at work. Conversely, jobs such as farmers, engineers and performers have the lowest average rates on Traverse insurance.

Be sure to get all your discounts

Insurance can cost an arm and a leg, but companies offer discounts to help bring down the price. Certain discounts will be triggered automatically when you get a quote, but some must be manually applied prior to getting the savings. If you don’t get every credit possible, you’re paying more than you need to.

  • Drive Safe and Save – Drivers who don’t get into accidents can pay as much as 50% less on Traverse insurance than less cautious drivers.
  • Student Driver Training – Make teen driver coverage more affordable by requiring them to take driver’s ed class if it’s offered in school.
  • Multiple Cars – Buying coverage for all your vehicles on one policy can get a discount on all vehicles.
  • Passive Restraints and Air Bags – Factory air bags or automatic seat belts can qualify for discounts of 20% or more.
  • Claim Free – Claim-free drivers pay much less as compared to bad drivers.
  • Payment Method – By paying your policy upfront instead of making monthly payments you can actually save on your bill.
  • New Car Discount – Putting insurance coverage on a new car is cheaper since new cars are generally safer.

Keep in mind that most of the big mark downs will not be given the the whole policy. Most only apply to individual premiums such as liability, collision or medical payments. So when the math indicates having all the discounts means you get insurance for free, you’re out of luck. Any qualifying discounts will help reduce the cost of coverage.

For a list of insurers with the best insurance discounts, click this link.

How do I know if I need professional advice?

When choosing adequate coverage, there really is not a cookie cutter policy. Your needs are not the same as everyone else’s.

For instance, these questions may help you determine whether your personal situation would benefit from an agent’s advice.

  • How much underlying liability do I need for an umbrella policy?
  • What is the minimum liability in my state?
  • Do I have newly-aquired coverage?
  • Does my policy pay for OEM or aftermarket parts?
  • Do I need rental car coverage?
  • Should I drop comprehensive coverage on older vehicles?
  • Am I covered if I drive in a foreign country?
  • What is an SR-22 filing?

If you’re not sure about those questions but you know they apply to you, you may need to chat with an agent. To find an agent in your area, simply complete this short form. It is quick, free and you can get the answers you need.

Detailed coverages of your insurance policy

Learning about specific coverages of your policy aids in choosing the right coverages for your vehicles. The coverage terms in a policy can be impossible to understand and coverage can change by endorsement.

Protection from uninsured/underinsured drivers

This coverage protects you and your vehicle’s occupants when other motorists are uninsured or don’t have enough coverage. It can pay for medical payments for you and your occupants and damage to your Chevy Traverse.

Due to the fact that many drivers only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. So UM/UIM coverage is very important. Normally the UM/UIM limits are similar to your liability insurance amounts.

Liability insurance

This coverage will cover damage or injury you incur to people or other property that is your fault. It protects you against claims from other people. Liability doesn’t cover your own vehicle damage or injuries.

Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show values of 25/50/25 that means you have a limit of $25,000 per injured person, a total of $50,000 of bodily injury coverage per accident, and $25,000 of coverage for damaged propery. Alternatively, you may have one number which is a combined single limit that pays claims from the same limit with no separate limits for injury or property damage.

Liability can pay for claims like medical services, bail bonds, legal defense fees and repair costs for stationary objects. The amount of liability coverage you purchase is a personal decision, but you should buy as large an amount as possible.

Medical expense insurance

Medical payments and Personal Injury Protection insurance reimburse you for short-term medical expenses like rehabilitation expenses, EMT expenses, chiropractic care and surgery. They are used in conjunction with a health insurance program or if you lack health insurance entirely. They cover all vehicle occupants in addition to any family member struck as a pedestrian. Personal injury protection coverage is not available in all states but it provides additional coverages not offered by medical payments coverage

Collision coverage

This coverage pays for damage to your Traverse resulting from colliding with another car or object. A deductible applies then your collision coverage will kick in.

Collision can pay for things such as crashing into a ditch, sustaining damage from a pot hole and hitting a mailbox. This coverage can be expensive, so analyze the benefit of dropping coverage from older vehicles. It’s also possible to increase the deductible in order to get cheaper collision rates.

Comprehensive (Other than Collision)

This coverage will pay to fix damage OTHER than collision with another vehicle or object. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers claims like rock chips in glass, damage from getting keyed and vandalism. The highest amount a insurance company will pay at claim time is the ACV or actual cash value, so if the vehicle’s value is low it’s not worth carrying full coverage.

More effort can pay off

As you go through the steps to switch your coverage, don’t be tempted to sacrifice coverage to reduce premiums. There have been many cases where an accident victim reduced liability coverage limits only to find out that their decision to reduce coverage ended up costing them more. The ultimate goal is to buy a smart amount of coverage at the best price while not skimping on critical coverages.

Cost effective 2012 Chevy Traverse insurance is available from both online companies in addition to many insurance agents, so you should compare both in order to have the best chance of saving money. Some insurance companies do not provide you the ability to get quotes online and these small insurance companies work with independent agents.

You just learned a lot of ways to save on insurance. The most important thing to understand is the more price quotes you have, the better likelihood of reducing your rate. Consumers could even find that the best price on insurance coverage is with some of the smallest insurance companies.

Additional detailed information can be found at these sites: