2016 Chevrolet Traverse Insurance Rates

Want lower insurance coverage rates? Drivers have options when trying to find low-cost Chevy Traverse insurance. They can either spend hours struggling with agents trying to get quotes or leverage the internet to make rate comparisons.

There are both good and bad ways to buy insurance coverage and you need to know the best way to compare rates for a new or used Chevy and get the lowest price either online or from local insurance agents.

You need to do price comparisons quite often because prices are rarely the same from one policy term to another. Just because you had the best price for Traverse insurance a couple years back you can probably find a lower rate today. There is a lot of bad information regarding insurance coverage out there, but I’m going to show you some great ways to save money.

This information will tell you how to get online quotes and some tricks to saving. If you currently have a car insurance policy, you should be able to lower your premiums substantially using these methods. Drivers just need to know the proper way to compare rates on the web.

The best way to compare insurance rates from multiple companies utilizes the fact auto insurance companies will pay a fee to quote your coverage. To begin a comparison, all you need to do is give them some information like whether you are married, your occupation, driver ages, and the make and model of your vehicles. Those rating factors is then sent to multiple car insurance providers and you will get price comparisons very quickly.

If you would like to start a quote now, click here and complete the form.

Car insurance savings promises

Consumers can’t get away from all the ads that promise big savings for switching by State Farm, Geico and Progressive. All the companies seem to make the promise that you’ll save big after switching your car insurance coverage to their company.

How is it possible that every company can have lower policy pricing? It’s all in the words they use.

Different companies quote their cheapest rates for the type of customer that earns them the most money. An example of this type of driver might be over the age of 50, has a clear driving record, and drives a lower-performance vehicle. Someone that meets those criteria is entitled to the best price and most likely will save quite a bit of money when switching.

Potential insureds who are not a match for these standards may be forced to pay a higher rate and this results in the customer buying from someone else. The ads say “people who switch” not “everyone that quotes” save that much when switching. That’s why insurance companies can state the savings.

This really emphasizes why you really need to compare rate quotes every year. It’s just not possible to know which company will be your best fit.

Learn how to lower your insurance rates

Many factors are part of the equation when you get your auto insurance bill. Some are pretty understandable such as traffic violations, but some are more transparent such as your credit history or your commute time.

The following are most of the major factors companies use to determine premiums.

  • Getting married brings a discount – Having a spouse helps lower the price when shopping for car insurance. Having a significant other means you’re more mature and responsible and statistics prove married drivers tend to have fewer serious accidents.
  • Your occupation is a factor – Do you have a high-stress occupation? Careers such as lawyers, executives and accountants are shown to have higher average rates attributed to intense work-related stress and lengthy work days. Conversely, professions such as farmers, historians and the unemployed get better rates for Traverse insurance.
  • Save money with higher physical damage deductibles – The deductibles are how much you are willing to pay before your car insurance pays a claim. Protection for physical damage, otherwise known as comp (or other than collision) and collision, covers damage that occurs to your car. Some examples of claims that would be covered are colliding with a stationary object, fire damage, or theft of your vehicle. The more of the claim you have to pay, the less your company will charge you for insurance for Traverse insurance.
  • Youthful drivers pay higher rates – Teenage drivers tend to get distracted easily when at the wheel of a vehicle so car insurance rates are higher. Parents adding a young driver to your car insurance policy can break the bank. Older drivers have been proven to be more responsible, tend to cause fewer accidents and receive fewer citations.
  • Never let your policy lapse – Going without insurance can be a quick way to bump up your car insurance costs. And not only will insurance be more expensive, getting caught without coverage could earn you a steep fine or even jail time.

Lower-cost insurance rates with discounts

Some insurance providers do not list the complete list of policy discounts in a way that’s easy to find, so the next list breaks down some of the more common and the more hidden discounts that you may qualify for.

  • Professional Organizations – Belonging to certain professional organizations is a good way to get lower rates on your policy.
  • Theft Deterent System – Cars, trucks, and SUVs with anti-theft systems have a lower chance of being stolen and earn discounts up to 10% off your insurance coverage quote.
  • Fewer Miles Equal More Savings – Low annual miles could earn substantially lower premium rates.
  • New Car Discount – Adding a new car to your policy can save up to 30% because new vehicles have to meet stringent safety requirements.
  • Home Ownership Discount – Owning a home can help you save on insurance since owning and maintaining a home shows financial diligence.
  • Military Rewards – Being deployed in the military may qualify for rate reductions.

You should keep in mind that some of the credits will not apply to the entire policy premium. Most only cut the cost of specific coverages such as medical payments or collision. Just because it seems like you would end up receiving a 100% discount, insurance companies wouldn’t stay in business.

Some of the insurance companies that may include some of the above discounts possibly include:

It’s a good idea to ask every prospective company which discounts you may be entitled to. All car insurance discounts might not apply in your area. To view insurance companies that offer some of these discounts, click this link.

Tailor your insurance coverage to you

When choosing coverage for your personal vehicles, there is no “perfect” insurance plan. Every situation is different.

For example, these questions can aid in determining whether you might need an agent’s assistance.

  • Who is covered by my policy?
  • What is UM/UIM insurance?
  • Am I insured when driving a different vehicle?
  • Does car insurance cover theft of personal property?
  • Does coverage extend to Mexico or Canada?
  • Do I benefit by insuring my home with the same company?
  • Is my camper covered by my car insurance policy?

If you don’t know the answers to these questions, then you may want to think about talking to a licensed agent. To find lower rates from a local agent, take a second and complete this form. It is quick, free and can help protect your family.

Coverages available on your policy

Understanding the coverages of your insurance policy aids in choosing which coverages you need and the correct deductibles and limits. Insurance terms can be confusing and reading a policy is terribly boring.

Comprehensive coverage

Comprehensive insurance coverage pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive insurance covers things like a tree branch falling on your vehicle, damage from flooding and hitting a bird. The highest amount a insurance company will pay at claim time is the actual cash value, so if the vehicle is not worth much consider removing comprehensive coverage.

Medical payments coverage and PIP

Coverage for medical payments and/or PIP kick in for immediate expenses like chiropractic care, X-ray expenses and ambulance fees. They can be used to cover expenses not covered by your health insurance policy or if you do not have health coverage. It covers both the driver and occupants and also covers being hit by a car walking across the street. Personal Injury Protection is not universally available and gives slightly broader coverage than med pay

Collision insurance

This coverage will pay to fix damage to your Traverse from colliding with another car or object. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision coverage protects against things like driving through your garage door, colliding with a tree and crashing into a building. Collision is rather expensive coverage, so you might think about dropping it from vehicles that are 8 years or older. Another option is to choose a higher deductible in order to get cheaper collision rates.

Auto liability

Liability coverage protects you from damage or injury you incur to a person or their property by causing an accident. It protects YOU against claims from other people, and does not provide coverage for damage to your own property or vehicle.

Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show policy limits of 100/300/100 that translate to a $100,000 limit per person for injuries, a per accident bodily injury limit of $300,000, and $100,000 of coverage for damaged propery. Some companies may use a combined limit which combines the three limits into one amount rather than limiting it on a per person basis.

Liability coverage protects against claims such as medical services, emergency aid, funeral expenses, loss of income and bail bonds. How much liability coverage do you need? That is a decision to put some thought into, but you should buy higher limits if possible.

Uninsured/Underinsured Motorist coverage

This coverage protects you and your vehicle’s occupants from other drivers when they do not carry enough liability coverage. Covered claims include injuries to you and your family as well as damage to your Chevy Traverse.

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

Do the work, save more money

We’ve covered some good ideas how to lower your 2016 Chevy Traverse insurance rates. The key concept to understand is the more times you quote, the higher the chance of saving money. You may even discover the best price on insurance is with a small local company.

When buying insurance coverage, never skimp on coverage in order to save money. There are many occasions where someone dropped physical damage coverage and found out when filing a claim that a couple dollars of savings turned into a financial nightmare. Your goal should be to purchase plenty of coverage at a price you can afford.

Consumers leave their current company for a variety of reasons including delays in responding to claim requests, high rates after DUI convictions, denial of a claim or even poor customer service. Regardless of your reason for switching companies, finding the right insurance provider can be pretty painless.

Even more information is located at these sites: