2012 Chevrolet Traverse Insurance Cost – 7 Policy Discounts

Feel like you have an expensive car insurance policy? Say no more because you are not the only one feeling buyer’s remorse.

Having so many companies to choose from, it can be challenging to choose the most affordable insurer.

You need to quote other rates every six months because car insurance prices fluctuate regularly. Even if you think you had the best quotes on Traverse insurance a couple years back there is a good chance you can find better rates now. You’ll find quite a bit of inaccurate information about car insurance online, but I’m going to show you some good information on how to lower your car insurance rates.

Finding car insurance

When shopping for car insurance there are multiple ways to compare rate quotes from companies that offer car insurance in your state. By far the easiest way to comparison shop is to jump online and get quotes. It is quite easy and can be accomplished in several different ways.

  • The most efficient way to get the best comparison quotes is an all-inclusive rate comparison click here to open form in new window. This easy form keeps you from doing separate quote forms to each individual car insurance company. In just a few minutes this one form gets coverage cost estimates from multiple companies.
  • A less efficient way to compare rate quotes requires you to visit each individual company website to request a price quote. For example, we’ll assume you want to compare prices for Farmers, Safeco and Geico. You would need to visit each site to input your insurance information, and that’s why the first method is more popular. For a list of links to companies insuring cars in your area, click here.
  • The least recommended way to comparison shop is calling or driving to local insurance agencies. Quoting and buying insurance online makes this unnecessary unless you have a need for the trained advice that only an agent can give. Although you can price shop your coverage online and get advice from an agent in your area.

It’s up to you how you get prices quotes, just make sure you use nearly identical quote information for each quote you get. If your comparisons have different data it will be impossible to truly determine the lowest rate. Just a small difference in limits can result in a big premium difference. Keep in mind that comparing a large number of companies helps improve the odds of finding a lower rate than you’re paying now. Some companies don’t provide online price quotes, so you also need to get price estimates from those companies as well.

Insurance advertising tricks

Car insurance companies such as State Farm, Allstate and Geico seem to constantly run ads on television and other media. All the companies make the point that drivers can save some big amount after switching to their company. But how can every company make the same claim?

Most companies have specific characteristics for the type of driver that earns them the highest profit. A good example of a driver they prefer may need to be between 25 and 40, has had continuous coverage, and has excellent credit. Any driver who matches those parameters receives the best auto insurance rates and is almost guaranteed to save if they switch.

People who don’t measure up to those standards will be charged higher rates which usually ends up with the customer buying from a different company. If you listen closely, the ads state “people that switch” not “all people who quote” can get the lowest rates when switching. That is how insurance companies can lure you into getting a quote.

This really emphasizes why you need to get insurance coverage quotes from several different companies. It’s just not possible to know which insurance companies will give you lower prices than your current company.

Earn discounts to get lower-cost car insurance rates

Buying car insurance is not cheap, but you may qualify for discounts that can drop the cost substantially. A few discounts will automatically apply when you quote, but lesser-known reductions have to be asked about prior to getting the savings.

  • Discounts for New Vehicles – Buying a new car model is cheaper since newer models are generally safer.
  • Seat Belts Save – Requiring all passengers to buckle up before driving may be able to save a few bucks on medical payment and PIP coverage.
  • First Accident Forgiveness – This isn’t a discount exactly, but certain companies will turn a blind eye to one accident before they charge you more for coverage if your claims history is clear for a set time period.
  • Own a Home and Save – Owning a home can save you money due to the fact that maintaining a home is proof that your finances are in order.
  • Discount for Life Insurance – If the company offers life insurance, you could get better premium rates if you take out a life insurance policy as well.
  • E-sign Discounts – Some larger companies will discount your bill up to fifty bucks just for signing your application digitally online.
  • Early Payment Discounts – If you pay your entire premium ahead of time instead of making monthly payments you could save 5% or more.

Just know that some of the credits will not apply to the overall cost of the policy. Most only reduce individual premiums such as liability, collision or medical payments. Despite the appearance that you can get free auto insurance, it’s just not the way it works.

The best car insurance companies and a partial list of their discounts include:

  • Progressive offers discounts for multi-vehicle, homeowner, continuous coverage, multi-policy, online quote discount, good student, and online signing.
  • SAFECO may offer discounts for homeowner, drive less, bundle discounts, multi-car, anti-lock brakes, and accident prevention training.
  • American Family offers premium reductions for defensive driver, good student, Steer into Savings, accident-free, multi-vehicle, and TimeAway discount.
  • MetLife may include discounts for multi-policy, claim-free, defensive driver, accident-free, good student, good driver
  • Geico may have discounts that include membership and employees, five-year accident-free, federal employee, daytime running lights, military active duty, and driver training.
  • The Hartford has savings for defensive driver, bundle, vehicle fuel type, driver training, anti-theft, and air bag.

If you are trying to find inexpensive insurance coverage quotes, ask each insurance company the best way to save money. All car insurance discounts may not be offered in your area. To locate insurers that offer multiple discounts, click here to view.

Tailor your auto insurance coverage to you

When buying coverage, there really is no best way to insure your cars. Coverage needs to be tailored to your specific needs so your insurance needs to address that. Here are some questions about coverages that can help discover if your insurance needs might need an agent’s assistance.

  • Is my teen driver covered when they drive my company car?
  • What if I total my 2012 Chevy Traverse and owe more than it’s worth?
  • Why does it cost so much to insure a teen driver?
  • Am I covered when renting a car or should I buy coverage from the car rental agency?
  • Do I need added coverage for expensive stereo equipment?
  • Is my ex-spouse still covered by my policy?
  • When should I remove comp and collision on my 2012 Chevy Traverse?
  • Will filing a claim cost me more?

If it’s difficult to answer those questions but a few of them apply, then you may want to think about talking to a licensed insurance agent. If you don’t have a local agent, complete this form or you can go here for a list of companies in your area.

Educate yourself about auto insurance coverages

Having a good grasp of auto insurance aids in choosing the best coverages and the correct deductibles and limits. Auto insurance terms can be difficult to understand and coverage can change by endorsement. These are the normal coverages available from auto insurance companies.

Uninsured/Underinsured Motorist (UM/UIM) – This protects you and your vehicle when the “other guys” either have no liability insurance or not enough. It can pay for hospital bills for your injuries and also any damage incurred to your Chevy Traverse.

Since many drivers only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea. Normally your uninsured/underinsured motorist coverages do not exceed the liability coverage limits.

Med pay and Personal Injury Protection (PIP) – Med pay and PIP coverage reimburse you for bills for rehabilitation expenses, chiropractic care, prosthetic devices, hospital visits and pain medications. They can be used to fill the gap from your health insurance policy or if you lack health insurance entirely. Medical payments and PIP cover both the driver and occupants as well as getting struck while a pedestrian. PIP coverage is not universally available but it provides additional coverages not offered by medical payments coverage

Comprehensive insurance – Comprehensive insurance covers damage OTHER than collision with another vehicle or object. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive coverage pays for things such as theft, rock chips in glass, hitting a bird and a tree branch falling on your vehicle. The maximum amount you’ll receive from a claim is the market value of your vehicle, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Collision – Collision coverage pays for damage to your Traverse caused by collision with a stationary object or other vehicle. A deductible applies then the remaining damage will be paid by your insurance company.

Collision can pay for things like colliding with a tree, scraping a guard rail and hitting a parking meter. This coverage can be expensive, so consider dropping it from vehicles that are older. Another option is to increase the deductible to get cheaper collision coverage.

Auto liability – Liability insurance will cover injuries or damage you cause to a person or their property that is your fault. It protects YOU from claims by other people, and doesn’t cover your own vehicle damage or injuries.

Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show policy limits of 50/100/50 which stand for $50,000 bodily injury coverage, $100,000 for the entire accident, and property damage coverage for $50,000. Another option is a combined limit which provides one coverage limit rather than limiting it on a per person basis.

Liability coverage pays for things such as pain and suffering, repair bills for other people’s vehicles, medical services, attorney fees and loss of income. How much liability should you purchase? That is your choice, but consider buying higher limits if possible.

Summing up your car insurance search

We just presented a lot of tips how to get a better price on 2012 Chevy Traverse insurance. The key concept to understand is the more price quotes you have, the more likely it is that you will get a better rate. You may even discover the lowest priced car insurance comes from some of the smallest insurance companies. These smaller insurers may often insure only within specific states and give getter rates than their larger competitors like Progressive or Geico.

Cost effective 2012 Chevy Traverse insurance can be purchased on the web and also from your neighborhood agents, and you should compare price quotes from both to get a complete price analysis. There are still a few companies who do not provide rate quotes online and most of the time these small, regional companies sell through independent insurance agencies.

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