2015 Chevrolet Traverse Car Insurance Cost – 5 Tips for Cheapest Prices

Looking for cheaper insurance coverage rates for your Chevrolet Traverse? I can’t think of a single person who likes paying for insurance coverage, especially knowing they could get a better deal.

Consumers have many auto insurance companies to insure vehicles with, and although it’s a good thing to have multiple companies, lots of choices makes it harder to get the best deal.

Five discounts for affordable auto insurance rates

Properly insuring your vehicles can get expensive, but you can get discounts that can help lower your rates. A few discounts will be applied when you quote, but lesser-known reductions have to be manually applied in order for you to get them. If you check and find you aren’t receiving every discount available, you are throwing money away.

  • Drive Safe and Save – Drivers without accidents can get discounts for up to 45% lower rates on Traverse insurance compared to rates paid by drivers with frequent claims.
  • Organization Discounts – Being in qualifying employment or professional organizations is a good way to get lower rates on auto insurance.
  • Discount for Home Ownership – Owning a home may earn you a small savings since owning and maintaining a home means you have a higher level of financial diligence.
  • Braking Control Discount – Cars, trucks, and SUVs with ABS braking systems or traction control have fewer accidents and the ABS can save up to 10%.
  • Sign Online – A few larger online companies provide a small discount for buying a policy and signing up on their website.

Discounts lower rates, but some credits don’t apply the the whole policy. The majority will only reduce individual premiums such as comp or med pay. Just because you may think you could get a free auto insurance policy, companies wouldn’t make money that way.

Insurance companies that may have these money-saving discounts are:

Before purchasing a policy, check with every company to apply every possible discount. Some of the discounts discussed earlier may not apply to policyholders in your area. To locate auto insurance companies that have a full spectrum of discounts, click this link.

Tailor your auto insurance coverage to you

When it comes to choosing adequate coverage for your personal vehicles, there is no “perfect” insurance plan. Everyone’s needs are different and a cookie cutter policy won’t apply. For example, these questions can aid in determining if you would benefit from an agent’s advice.

  • I have a DUI can I still get coverage?
  • Will my rates increase for filing one claim?
  • Do all my vehicles need collision coverage?
  • Am I covered if my car is in a flood?
  • Are all vehicle passengers covered by medical payments coverage?
  • How high should deductibles be on a 2015 Chevy Traverse?
  • What exactly is covered by my policy?
  • When would I need rental car insurance?
  • Should I have combined single limit or split liability limits?

If it’s difficult to answer those questions but you know they apply to you, you may need to chat with an agent. If you want to speak to an agent in your area, simply complete this short form or click here for a list of auto insurance companies in your area.

Auto insurance advertisements

Auto insurance providers like GEICO, State Farm and Progressive seem to constantly run television and radio advertisements. All the ads make the same claim that drivers can save some big amount if you switch to them. But how can every company save you money? This is how they do it.

Companies quote their cheapest rates for the type of customer that will not have excessive claims. One example of a driver they prefer could be between the ages of 30 and 50, owns a home, and has great credit. Anyone that meets those criteria receives the best car insurance rates and have a good chance to save when switching.

Insureds who are not a match for this stringent profile may be required to pay higher prices which translates to the customer buying from someone else. If you pay attention, the ads say “people who switch” not “everyone that quotes” save that much when switching. This is how insurance companies can confidently advertise the savings.

Because every company is different, you absolutely need to compare price quotes frequently. It’s just not possible to know the company that will have the lowest rates for your situation.

Auto insurance coverage information

Learning about specific coverages of your policy can be of help when determining which coverages you need at the best deductibles and correct limits. Auto insurance terms can be confusing and coverage can change by endorsement. Shown next are typical coverage types available from auto insurance companies.

Comprehensive insurance

This coverage pays for 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 can pay for things such as hitting a deer, rock chips in glass and falling objects. The maximum payout a auto insurance company will pay at claim time is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.

Collision coverage

This coverage covers damage to your Traverse resulting from colliding with another vehicle or an object, but not an animal. You will need to pay your deductible then the remaining damage will be paid by your insurance company.

Collision can pay for things like colliding with a tree, sideswiping another vehicle, damaging your car on a curb and sustaining damage from a pot hole. Paying for collision coverage can be pricey, so consider removing coverage from lower value vehicles. Another option is to choose a higher deductible in order to get cheaper collision rates.

Uninsured/Underinsured Motorist (UM/UIM)

Your UM/UIM coverage gives you protection from other motorists when they are uninsured or don’t have enough coverage. Covered losses include injuries to you and your family and damage to your Chevy Traverse.

Because many people only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family. Normally the UM/UIM limits are similar to your liability insurance amounts.

Liability coverages

This coverage can cover injuries or damage you cause to people or other 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: bodily injury per person, bodily injury per accident and property damage. You commonly see limits of 100/300/100 that translate to a $100,000 limit per person for injuries, a limit of $300,000 in injury protection per accident, and a limit of $100,000 paid for damaged property. Another option is a combined single limit or CSL that pays claims from the same limit with no separate limits for injury or property damage.

Liability coverage protects against things like emergency aid, medical services, structural damage and bail bonds. The amount of liability coverage you purchase is a decision to put some thought into, but buy as high a limit as you can afford.

Med pay and Personal Injury Protection (PIP)

Personal Injury Protection (PIP) and medical payments coverage kick in for expenses for things like chiropractic care, ambulance fees, doctor visits and prosthetic devices. They can be used to fill the gap from your health insurance policy or if there is no health insurance coverage. Medical payments and PIP cover all vehicle occupants in addition to getting struck while a pedestrian. Personal Injury Protection is not an option in every state and may carry a deductible

Save your cold hard cash

When shopping online for car insurance, make sure you don’t sacrifice coverage to reduce premiums. There have been many situations where consumers will sacrifice comprehensive coverage or liability limits and discovered at claim time that it was a big mistake. Your strategy should be to purchase a proper amount of coverage at a price you can afford.

Cheaper car insurance is available both online in addition to many insurance agents, so you need to shop car insurance with both to have the best rate selection. There are still a few companies who do not offer internet price quotes and most of the time these regional carriers prefer to sell through independent agents.

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