2016 Chevrolet Traverse Insurance Cost – 5 Tricks for Best Prices

Trying to come up with a payment for overpriced insurance coverage can sap your accounts, especially in this economy. People have multiple insurance companies to purchase coverage from, and though it is a good thing to have a selection, too many choices makes it more difficult to find a good deal.

It is always a good idea to shop coverage around once or twice a year since prices are rarely the same from one policy term to another. Even if you got the best quotes for Traverse insurance last year you can probably find a lower rate today. Forget all the misinformation about insurance coverage because we’re going to demonstrate the things you must know in order to find the best coverage while lowering your premiums.

Get cheaper car insurance with discounts

Car insurance is not an enjoyable expense, but you might be missing out on some discounts that can help lower your rates. Many discounts should be triggered when you get a quote, but some need to be inquired about before being credited.

  • Government Employees – Active or former government employment could cut as much as 10% off for Traverse insurance with some car insurance companies.
  • Distant Student Discount – who are enrolled in a college that is more than 100 miles from home and do not take a car to college could qualify for this discount.
  • Membership in Organizations – Having an affiliation with certain professional organizations can get you a small discount on car insurance.
  • Good Drivers – Drivers who don’t get into accidents can save as much as half off their rates for Traverse insurance as compared to drivers with claims.
  • Discount for Good Grades – Excelling in school may save you up to 25%. You can use this discount normally up to age 25.

You can save money using discounts, but most credits do not apply to your bottom line cost. Most only cut individual premiums such as comp or med pay. Despite the fact that it seems like adding up those discounts means a free policy, it doesn’t quite work that way. Any qualifying discounts will help reduce your policy premium.

A few of the larger companies and their possible discounts can be read below.

  • Progressive discounts include multi-vehicle, online quote discount, good student, multi-policy, and homeowner.
  • SAFECO offers discounts for drive less, bundle discounts, multi-car, anti-lock brakes, safe driver, and teen safe driver.
  • American Family may offer discounts for multi-vehicle, TimeAway discount, bundled insurance, Steer into Savings, and air bags.
  • MetLife has discounts for claim-free, good driver, multi-policy, defensive driver, good student, and accident-free.
  • GEICO has savings for anti-lock brakes, daytime running lights, multi-vehicle, five-year accident-free, anti-theft, and seat belt use.
  • The Hartford policyholders can earn discounts including vehicle fuel type, bundle, anti-theft, good student, and driver training.

When getting free car insurance quotes, it’s a good idea to every insurance company which discounts can lower your rates. Some discounts listed above might not be offered on policies in your area. To see a list of providers with significant discounts, click here to view.

Tailor your insurance coverage coverage to you

When it comes to buying proper insurance coverage, there is no perfect coverage plan. Every situation is different so this has to be addressed. For instance, these questions might help in determining whether your personal situation might need an agent’s assistance.

  • How much liability coverage do I need in my state?
  • Does coverage extend to my business vehicle?
  • Do I need to file an SR-22 for a DUI in my state?
  • When should I remove comp and collision on my 2016 Chevy Traverse?
  • Can my teen driver be rated on a liability-only vehicle?
  • Do I have coverage when pulling a U-Haul trailer?

If you don’t know the answers to these questions, you might consider talking to a licensed agent. To find an agent in your area, fill out this quick form or you can also visit this page to select a carrier It’s fast, doesn’t cost anything and you can get the answers you need.

The largest companies are not always cheapest

Consumers can’t avoid all the ads for the lowest price auto insurance from the likes of Allstate and Progressive. All the companies make the point that you can save if you get a free car insurance quote and switch to their company.

How is it possible that every company can give you a better price? It’s all in how they say it.

Many companies can use profiling for a prospective insured that will most likely be profitable. A good example of a preferred risk could be a married male, has no prior claims, and does not commute to work. Anyone that fits those parameters will probably get cheap premium rates as well as save a lot of money.

Potential insureds who are not a match for these standards must pay more expensive rates and the prospect going elsewhere. If you listen to the ad wording, they say “drivers who switch” not “all people who quote” save the amount stated. This is how insurance companies can confidently advertise the way they do.

Because each company has a different risk profile, it is so important to compare free car insurance quotes often. It is impossible to predict with any certainty which company will fit your personal profile best.

Auto insurance coverages

Learning about specific coverages of a auto insurance policy helps when choosing the right coverages and the correct deductibles and limits. The terms used in a policy can be impossible to understand and nobody wants to actually read their policy. These are the usual coverages found on the average auto insurance policy.

Auto collision coverage

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

Collision insurance covers things like crashing into a building, backing into a parked car and hitting a parking meter. Collision coverage makes up a good portion of your premium, so you might think about dropping it from vehicles that are older. It’s also possible to raise the deductible in order to get cheaper collision rates.

Comprehensive protection

Comprehensive insurance pays for damage from a wide range of events other than collision. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive coverage pays for claims like rock chips in glass, vandalism, hitting a deer, hitting a bird and damage from flooding. The highest amount a auto insurance company will pay at claim time is the cash value of the vehicle, so if the vehicle’s value is low it’s not worth carrying full coverage.

Liability car insurance

Liability coverage can cover damage that occurs to people or other property that is your fault. Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have limits of 50/100/50 which means $50,000 bodily injury coverage, $100,000 for the entire accident, and a limit of $50,000 paid for damaged property. Alternatively, you may have a combined single limit or CSL which combines the three limits into one amount and claims can be made without the split limit restrictions.

Liability coverage pays for things like repair costs for stationary objects, emergency aid, medical services and structural damage. How much liability coverage do you need? That is a personal decision, but buy as large an amount as possible.

Medical expense coverage

Coverage for medical payments and/or PIP reimburse you for expenses such as EMT expenses, chiropractic care, rehabilitation expenses and pain medications. They are used to cover expenses not covered by your health insurance program or if you do not have health coverage. Coverage applies to both the driver and occupants and also covers being hit by a car walking across the street. Personal injury protection coverage is only offered in select states and gives slightly broader coverage than med pay

Uninsured or underinsured coverage

Your UM/UIM coverage gives you protection when other motorists do not carry enough liability coverage. Covered claims include injuries to you and your family as well as your vehicle’s damage.

Because many people 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 is important protection for you and your family. Most of the time these limits do not exceed the liability coverage limits.

Never pay more for less

In this article, we covered many ways to lower your 2016 Chevy Traverse insurance prices. It’s most important to understand that the more you quote car insurance, the more likely it is that you will get a better rate. You may even discover the lowest prices are with the least-expected company. These companies often have lower rates on specific markets as compared to the big name companies such as GEICO and State Farm.

When you buy car insurance online, never skimp on coverage in order to save money. Too many times, consumers will sacrifice physical damage coverage only to regret that saving that couple of dollars actually costed them tens of thousands. The aim is to purchase a proper amount of coverage for the lowest cost, but do not sacrifice coverage to save money.

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