Lower Your 2017 Chevrolet Traverse Car Insurance Cost

Purchasing the cheapest car insurance over the internet is problematic for consumers not familiar with comparing rates online. With a ridiculous number of insurers available, how can drivers possibly compare every one to find the lowest rates?

Factors influencing Chevy Traverse insurance rates

Consumers need to have an understanding of the factors that play a part in calculating the rates you pay for insurance. Having a good understanding of what influences your rates empowers consumers to make smart changes that may reward you with big savings.

  • Do men or women drive better? – The statistics show that women are safer drivers than men. That doesn’t necessarily mean that women are BETTER drivers than men. Men and women have accidents at a similar rate, but the males cause more damage. They also receive more costly citations like DUI and reckless driving. Youthful male drivers are most likely to cause an accident and therefore are the most expensive to insure.
  • Do you work long hours in a high stress job? – Did you know your job can affect your rates? Jobs such as doctors, social workers and stock brokers tend to have the highest rates in part from stressful work requirements and long work days. On the other hand, professions such as scientists, students and homemakers receive lower rates on Traverse coverage.
  • Where you live – Choosing to live in a small town has it’s advantages when insuring your vehicles. Fewer drivers means reduced accidents and also fewer theft and vandalism claims. Drivers in populated areas regularly have congested traffic and longer commutes to work. Higher commute times can result in more accidents.
  • A lapse in coverage is a bad thing – Allowing your insurance policy to lapse is a quick way to increase your insurance rates. Not only will you pay more, failure to provide proof of insurance can result in a hefty fine and possibly a revoked license.Then you may be required to file a SR-22 with your state motor vehicle department to get your license reinstated.
  • Tickets mean higher rates – Your driving record has a big impact on rates. Even a single speeding ticket can increase rates by twenty percent. Good drivers tend to pay less for car insurance compared to drivers with tickets. Drivers who get flagrant violations such as DWI, reckless driving or hit and run convictions may be required to file a proof of financial responsibility form (SR-22) with the DMV in their state in order to keep their license.
  • High deductibles save money – Physical damage insurance, termed comprehensive and collision coverage on your policy, is used to repair damage to your Chevy. Examples of covered claims are a windshield shattered by a rock, damage caused by hail, or theft. Physical damage deductibles are how much you are willing to pay before a claim is paid by your company. The more money you’re willing to pay, the less your company will charge you for insurance on Traverse coverage.

Get lower rates on 2017 Chevy Traverse insurance

Insurance can be prohibitively expensive, but discounts can save money and there are some available to help bring down the price. Most are applied when you complete an application, but some must be manually applied before being credited.

  • Employee of Federal Government – Employees or retirees of the government can save as much as 8% on Traverse coverage with a few car insurance companies.
  • Organization Discounts – Belonging to certain professional organizations may earn a discount on your policy on Traverse coverage.
  • Air Bag Discount – Factory air bags and/or automatic seat belt systems can get savings of more than 20%.
  • Sign Early and Save – Select companies give a discount for switching to them prior to your current policy expiring. It can save you around 10%.
  • Discount for Life Insurance – Some companies give a break if you buy a life insurance policy as well.
  • Safe Driver Discount – Drivers who avoid accidents can pay as much as 50% less on Traverse coverage than their less cautious counterparts.
  • Homeowners Discount – Simply owning a home can save you money because of the fact that having a home requires personal responsibility.
  • Claim Free – Claim-free drivers pay much less when compared with accident-prone drivers.
  • Bundle and Save – If you have multiple policies with one insurance company you will save up to 20% off your total premium.
  • Student Driver Training – Require your teen driver to complete a driver education course if it’s offered in school.

As a disclaimer on discounts, most discount credits are not given to your bottom line cost. Some only apply to individual premiums such as comprehensive or collision. So despite the fact that it appears all those discounts means the company will pay you, it doesn’t quite work that way. Any qualifying discounts will bring down the cost of coverage.

Companies who might offer these benefits are:

It’s a good idea to ask all companies you are considering how you can save money. All car insurance discounts may not be available in every state.

Tailor your coverage to you

When it comes to choosing coverage for your vehicles, there really is no “best” method to buy coverage. Everyone’s needs are different.

These are some specific questions may help you determine if your insurance needs would benefit from an agent’s advice.

  • What is an SR-22 filing?
  • What is PIP insurance?
  • Why am I required to buy high-risk coverage?
  • How can I get my company to pay me more for my totalled car?
  • Should I waive the damage coverage when renting a car?
  • Do I need added coverage for expensive stereo equipment?
  • Why am I be forced to buy a membership to get insurance from some companies?
  • Is my cargo covered for damage or theft?

If you don’t know the answers to these questions, you may need to chat with an insurance agent. If you want to speak to an agent in your area, take a second and complete this form.

Insurance coverages 101

Learning about specific coverages of your policy aids in choosing the right coverages at the best deductibles and correct limits. Insurance terms can be difficult to understand and reading a policy is terribly boring.

Collision coverages – Collision coverage will pay to fix damage to your Traverse caused by collision with another vehicle or an object, but not an animal. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision insurance covers claims like rolling your car, hitting a mailbox, sustaining damage from a pot hole and sideswiping another vehicle. Paying for collision coverage can be pricey, so you might think about dropping it from older vehicles. You can also increase the deductible to get cheaper collision coverage.

Comprehensive insurance – Comprehensive insurance coverage pays for damage OTHER than collision with another vehicle or object. You first must pay your deductible and then insurance will cover the rest of the damage.

Comprehensive coverage pays for things such as hitting a deer, hitting a bird and vandalism. The highest amount you can receive from a comprehensive claim is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

Med pay and Personal Injury Protection (PIP) – Personal Injury Protection (PIP) and medical payments coverage kick in for short-term medical expenses for things like ambulance fees, doctor visits, chiropractic care and EMT expenses. The coverages can be used in conjunction with a health insurance plan or if you lack health insurance entirely. Medical payments and PIP cover you and your occupants as well as being hit by a car walking across the street. PIP coverage is not available in all states but can be used in place of medical payments coverage

Uninsured/Underinsured Motorist (UM/UIM) – This gives you protection from other drivers when they either are underinsured or have no liability coverage at all. Covered claims include injuries to you and your family as well as your vehicle’s damage.

Since a lot of drivers only purchase the least amount of liability that is required, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important. Frequently these coverages are identical to your policy’s liability coverage.

Liability – Liability insurance protects you from damage that occurs to a person or their property by causing an accident. This insurance protects YOU against other people’s claims, 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 might see limits of 25/50/25 that means you have a $25,000 limit per person for injuries, $50,000 for the entire accident, and property damage coverage for $25,000. Another option is one limit called combined single limit (CSL) which provides one coverage limit and claims can be made without the split limit restrictions.

Liability can pay for things like medical services, loss of income, pain and suffering, repair bills for other people’s vehicles and court costs. How much coverage you buy is a decision to put some thought into, but buy higher limits if possible.

Find Good Coverage for Less

As you restructure your insurance plan, it’s not a good idea to skimp on coverage in order to save money. There are too many instances where drivers have reduced comprehensive coverage or liability limits only to discover later that saving that couple of dollars actually costed them tens of thousands. Your aim should be to buy the best coverage you can find at the best price.

You just learned a lot of techniques to lower your 2017 Chevy Traverse insurance rates. The key thing to remember is the more rate quotes you have, the higher the chance of saving money. You may even find the most savings is with the least-expected company.

Low-cost insurance is attainable both online in addition to many insurance agents, so you should compare both to have the best chance of lowering rates. There are still a few companies who do not provide online price quotes and most of the time these small, regional companies sell through independent agents.

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