Lower Your 2013 Chevrolet Traverse Car Insurance Cost

Did you fall for a flashy sales pitch and buy an overpriced car insurance policy? Believe me, you’re not the only one.

Because you have many choices of insurance companies, it can be challenging to locate the best insurer.

It’s important to compare prices yearly since insurance rates are usually higher with each renewal. Even if you got the lowest rates on Traverse insurance on your last policy the chances are good that you can find a lower rate today. Ignore everything you know about car insurance because you’re about to learn one of the quickest ways to get good coverage at a lower rate.

Comprehensive Auto Insurance Comparison Quotes

The are a couple different ways to compare quotes and find the best price. One of the best ways to find the lowest 2013 Chevy Traverse rates is simply to get online rate quotes. This is very easy and can be done in several different ways.

  1. The recommended way consumers can make multiple comparisons is to use a rate comparison form (click to open form in new window). This method eliminates the need for boring form submissions for each company. One form gets you price quotes direct from many companies.
  2. A more time consuming way to get quotes online requires a trip to the website of each company and complete a new quote form. For instance, we’ll pretend you want to compare rates from Nationwide, GEICO and State Farm. You would have to go to every website and enter your information, which is why the first method is more popular. For a handy list of car insurance company links in your area, click here.

It’s up to you which method you use, but make absolute certain that you use identical coverages and limits with every price quote. If your comparisons have different limits and deductibles on each one you can’t possibly make an equal comparison. Just a small difference in coverage limits may result in a large different in cost. It’s important to know that more quotes will improve the odds of getting the best price.

Drivers who switch save $471 a year? Really?

Progressive, GEICO, Allstate and State Farm continually stream television and radio advertisements. All the companies make an identical promise that you can save after switching to their company. How do they all say the same thing? It’s all in the numbers.

Insurance companies can use profiling for the type of driver that is profitable for them. For instance, a profitable customer could be a mature driver, has no tickets, and drives less than 7,500 miles a year. A driver who matches those parameters will qualify for the lowest rates and therefore will save a lot of money.

Consumers who don’t measure up to these standards will have to pay higher rates which usually ends up with business going elsewhere. The ad wording is “customers who switch” but not “drivers who get quotes” save that kind of money. That is how insurance companies can make the claims of big savings.

Because of the profiling, you should get quotes from several different companies. You cannot predict the company that will have the lowest Chevy Traverse insurance rates.

These discounts can lower your rates

Car insurance can cost a lot, but companies offer discounts to help bring down the price. Most are applied when you get a quote, but less common discounts must be specifically requested prior to receiving the credit.

  • Organization Discounts – Belonging to a civic or occupational organization could trigger savings when shopping for car insurance on Traverse insurance.
  • E-sign – A few companies may give you up to $50 just for signing your application over the internet.
  • Drivers Education – Have your child successfully complete driver’s ed class if it’s offered in school.
  • Multiple Policy Discount – When you combine your home and auto insurance with one insurance company you may earn 10% to 20% off each policy.
  • Seat Belt Usage – Drivers who require all occupants to use a seat belt can save up to 15% off your PIP or medical payments premium.
  • Low Mileage – Low mileage vehicles can qualify you for a substantially lower rate.
  • Homeowners Pay Less – Being a homeowner may earn you a small savings because owning a home shows financial diligence.
  • No Accidents – Drivers with accident-free driving histories can earn big discounts when compared to accident-prone drivers.

Consumers should know that most discounts do not apply to your bottom line cost. The majority will only reduce the price of certain insurance coverages like comprehensive or collision. Just because you may think it’s possible to get free car insurance, companies don’t profit that way. Any amount of discount will cut your overall premium however.

Insurance companies that may offer these benefits may include but are not limited to:

Double check with every prospective company which discounts they offer. Some discounts may not apply in your area.

Different people need different coverages

When it comes to choosing coverage for your vehicles, there is no cookie cutter policy. Everyone’s situation is unique and a cookie cutter policy won’t apply. These are some specific questions can aid in determining if you could use an agent’s help.

  • Is borrowed equipment or tools covered if stolen or damaged?
  • Is my vehicle covered by my employer’s policy when using it for work?
  • Do I need an umbrella policy?
  • Are my tools covered if they get stolen from my vehicle?
  • How do I insure my teen driver?
  • Are rock chip repairs covered?
  • Does medical payments coverage apply to all occupants?
  • Am I missing any policy discounts?

If you’re not sure about those questions but one or more may apply to you, you may need to chat with an agent. If you don’t have a local agent, take a second and complete this form or click here for a list of auto insurance companies in your area.

Information about specific coverages

Learning about specific coverages of insurance helps when choosing appropriate coverage and the correct deductibles and limits. Policy terminology can be impossible to understand and nobody wants to actually read their policy. Below you’ll find the usual coverages available from insurance companies.

Medical expense coverage

Med pay and PIP coverage kick in for expenses for things like ambulance fees, nursing services, chiropractic care and surgery. They are used to cover expenses not covered by your health insurance plan or if you are not covered by health insurance. Medical payments and PIP cover both the driver and occupants and will also cover if you are hit as a while walking down the street. PIP coverage is not an option in every state but it provides additional coverages not offered by medical payments coverage

Uninsured or underinsured coverage

This coverage gives you protection from other motorists when they either have no liability insurance or not enough. This coverage pays for injuries sustained by your vehicle’s occupants and also any damage incurred to your Chevy Traverse.

Due to the fact that many drivers only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages should not be overlooked. Normally these coverages do not exceed the liability coverage limits.

Liability

Liability insurance can cover damage or injury you incur to other people or property. This coverage protects you from legal claims by others. It does not cover damage to your own property or vehicle.

Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. As an example, you may have limits of 25/50/25 that translate to $25,000 bodily injury coverage, a per accident bodily injury limit of $50,000, and property damage coverage for $25,000. Occasionally you may see a combined limit that pays claims from the same limit without having the split limit caps.

Liability insurance covers claims like repair costs for stationary objects, loss of income, structural damage and repair bills for other people’s vehicles. How much liability should you purchase? That is a decision to put some thought into, but it’s cheap coverage so purchase as much as you can afford.

Comprehensive protection

This coverage pays for damage from a wide range of events other than collision. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against claims like falling objects, hitting a bird, damage from flooding and a broken windshield. The most you’ll receive from a claim is the actual cash value, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.

Collision protection

Collision coverage pays to fix your vehicle from damage resulting from a collision with a stationary object or other vehicle. You will need to pay your deductible and then insurance will cover the remainder.

Collision insurance covers claims such as damaging your car on a curb, hitting a mailbox and crashing into a building. Collision coverage makes up a good portion of your premium, so consider removing coverage from older vehicles. You can also bump up the deductible to save money on collision insurance.

Saving money is sweet as honey

You just read a lot of techniques to save on 2013 Chevy Traverse insurance. The key concept to understand is the more price quotes you have, the higher your chance of finding lower rates. You may even find the lowest priced auto insurance comes from the least-expected company. Smaller companies may cover specific market segments cheaper compared to the large companies like Progressive and GEICO.

While you’re price shopping online, it’s not a good idea to reduce coverage to reduce premium. There are too many instances where consumers will sacrifice uninsured motorist or liability limits only to regret at claim time they didn’t have enough coverage. The aim is to purchase a proper amount of coverage at a price you can afford, not the least amount of coverage.

More detailed auto insurance information is located by following these links: