How Much Does 2012 Chevrolet Traverse Insurance Cost?
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UPDATED: Dec 3, 2021
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Car insurance shopping is not a procedure drivers relish, but it’s required in every state when you drive.
How to Lower Your Auto Insurance Cost
Performing a rate comparison can be exhausting if you don’t understand the most efficient way. You could waste time talking to insurance companies in your area, or you could save time and use the web to get rate comparisons in just a few minutes.
Most major companies enroll in a system where prospective buyers complete one form, and every company returns a rated price based on the submitted data. This system prevents you from having to do form submissions for each company you want a rate for.
To fill out one form to compare multiple rates now click here (opens in new window).
It doesn’t matter which method you choose, just compare apples-to-apples coverages and limits for every quote you compare. If you are comparing unequal deductibles or liability limits it’s impossible to decipher which rate is best. Just a small difference in insurance coverages can mean a large discrepancy in price. And when price shopping your coverage, comparing a large number of companies helps you find better pricing.
Auto insurance providers like Allstate, GEICO and Progressive consistently run ads on TV and radio. They all have a common claim that you can save if you change to them. But how can every company say the same thing? It’s all in the numbers.
All companies are able to cherry pick for the type of driver that makes them money. For example, a profitable customer might be over the age of 50, has no prior claims, and drives less than 7,500 miles a year. A customer getting a price quote who meets those qualifications gets the lowest rates and most likely will save quite a bit of money when switching.
Consumers who don’t qualify for the “perfect” profile will be quoted higher prices and this can result in business going elsewhere. Company advertisements say “customers that switch” but not “drivers who get quotes” save that much money. That is how companies can truthfully advertise the way they do. This emphasizes why you need to compare many company’s rates. It’s not possible to predict which auto insurance company will give you the biggest savings on Chevy Traverse insurance.
Why your Chevy Traverse insurance rates may be high
It’s important that you understand the factors that help determine your car insurance rates. Understanding what impacts premium levels empowers consumers to make smart changes that will entitle you to lower car insurance prices.
- What are your deductibles? – Physical damage coverage, termed comprehensive and collision coverage on your policy, protects your Chevy from damage. Examples of covered claims are colliding with a building, damage from fire, or theft. Your deductibles are the amount of money you are willing to pay in the event of a claim. The more money you’re willing to pay, the less your company will charge you for insurance for Traverse insurance.
- Proper usage rating affects rates – The higher the mileage driven every year the higher your rates will be. Most insurance companies rate vehicles based on how the vehicle is used. Cars left parked in the garage can get a lower rate as compared to vehicles used primarily for driving to work. If your policy improperly rates your Traverse can result in significantly higher rates. Make sure your car insurance declarations sheet shows the correct usage for each vehicle, because it can save money.
- Your car insurance rates can be influenced by your job – Did you know your occupation can influence how much you pay for car insurance? Occupations like real estate brokers, social workers and accountants have higher rates than average due to high stress levels and lengthy work days. On the flip side, professions such as actors, athletes and homemakers get better rates for Traverse insurance.
- Big city or small town – Choosing to live in a small town is a positive aspect when it comes to car insurance. Urban drivers tend to have more traffic problems and a longer drive to work. Fewer drivers translates into fewer accidents and also fewer theft and vandalism claims.
- Don’t buy coverages you don’t need – There are a lot of extra coverages that you can get tricked into buying when buying car insurance. Things like rental car reimbursement, accidental death and motor club memberships are some examples. They may seem good at first, but if you don’t need them remove them from your policy.
- Never go without insurance – Letting your insurance expire is a fast way to bump up your car insurance costs. Not only will rates go up, getting caught without coverage can result in a license revocation or jail time.
- High crash test scores lower rates – Safer cars tend to have better insurance rates. The safest vehicles reduce injuries and any reduction in injury severity means lower claim amounts and more competitive rates for policyholders. If the Chevy Traverse scored better than an “acceptable” rating on the Insurance Institute for Highway Safety website it may be receiving lower rates.
Are you getting all your discounts?
Companies that sell car insurance do not list all available discounts in a way that’s easy to find, so we break down both the well known and the harder-to-find discounts you could be receiving.
- Discount for Life Insurance – Select insurance companies reward you with a discount if you purchase life insurance from them.
- Good Student Discount – A discount for being a good student can be rewarded with saving of up to 25%. Earning this discount can benefit you well after school through age 25.
- Braking Control Discount – Vehicles equipped with ABS or steering control are safer to drive and qualify for as much as a 10% discount.
- Bundle and Save – When you combine your home and auto insurance with the same insurance company you may save 10% to 20% off each policy.
- Employee of Federal Government – Being employed by or retired from a federal job may qualify you for a discount for Traverse insurance with a few auto insurance companies.
- Defensive Driving Course – Taking part in a driver safety course could cut 5% off your bill if you qualify.
- Safe Drivers – Insureds without accidents may save up to 50% more for Traverse insurance than drivers with accident claims.
- Low Mileage Discounts – Driving fewer miles could be rewarded with better rates on cars that stay parked.
- Save over 55 – Mature drivers may be able to get a small decrease in premiums for Traverse insurance.
- Organization Discounts – Participating in a professional or civic organization could qualify you for a break when buying auto insurance for Traverse insurance.
A little note about advertised discounts, most of the big mark downs will not be given to the entire cost. Most only cut the price of certain insurance coverages like physical damage coverage or medical payments. Just because you may think you would end up receiving a 100% discount, auto insurance companies aren’t that generous.
When might I need an agent?
When choosing the right insurance coverage, there really is no best way to insure your cars. Every situation is different.
For instance, these questions might point out whether or not you would benefit from professional advice.
- Am I covered by my employer’s commercial auto policy when driving my personal car for business?
- Should I drop comprehensive coverage on older vehicles?
- Does my personal policy cover me when driving out-of-state?
- What is covered by UM/UIM coverage?
- Should I get collision insurance on every vehicle?
- Am I covered if I hit my neighbor’s mailbox?
- Is a new car covered when I drive it off the dealer lot?
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 want to speak to an agent in your area, complete this form.
Car insurance coverage information
Understanding the coverages of your policy helps when choosing the best coverages at the best deductibles and correct limits. The coverage terms in a policy can be impossible to understand and reading a policy is terribly boring.
This coverage pays for damage caused by mother nature, theft, vandalism and other events. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive insurance covers things such as hitting a deer, vandalism, falling objects and a broken windshield. The highest amount your insurance company will pay is the market value of your vehicle, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.
Auto liability insurance
Liability insurance protects you from damage or injury you incur to other’s property or people that is your fault. It protects YOU against claims from other people. Liability doesn’t cover damage sustained by your vehicle in an accident.
Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show limits of 50/100/50 which stand for a limit of $50,000 per injured person, $100,000 for the entire accident, and property damage coverage for $50,000.
Liability coverage protects against claims like emergency aid, repair costs for stationary objects, medical expenses, court costs and loss of income. How much liability coverage do you need? That is up to you, but you should buy as large an amount as possible.
Medical payments coverage and PIP
Coverage for medical payments and/or PIP reimburse you for expenses for things like doctor visits, chiropractic care, surgery, nursing services and hospital visits. They are often 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 as well as getting struck while a pedestrian. Personal injury protection coverage is not an option in every state and gives slightly broader coverage than med pay
Uninsured/Underinsured Motorist coverage
This coverage gives you protection when the “other guys” do not carry enough liability coverage. This coverage pays for hospital bills for your injuries as well as damage to your Chevy Traverse.
Since many drivers only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage is important protection for you and your family.
This pays for damage to your Traverse from colliding with another car or object. A deductible applies and then insurance will cover the remainder.
Collision can pay for things such as damaging your car on a curb, crashing into a ditch, sustaining damage from a pot hole and backing into a parked car. This coverage can be expensive, so consider removing coverage from vehicles that are 8 years or older. It’s also possible to increase the deductible to save money on collision insurance.
Be a money saver!
Consumers leave their current company for a number of reasons such as delays in responding to claim requests, questionable increases in premium, poor customer service or even not issuing a premium refund. No matter why you want to switch, finding a great new company can be easier than you think.
In this article, we presented many ideas to lower your 2012 Chevy Traverse insurance rates. The most important thing to understand is the more quotes you get, the higher the chance of saving money. You may be surprised to find that the best price on auto insurance is with a smaller regional carrier.
As you prepare to switch companies, do not buy lower coverage limits just to save a few bucks. In too many instances, drivers have reduced comprehensive coverage or liability limits and discovered at claim time that the small savings ended up costing them much more. Your focus should be to purchase plenty of coverage at the best price.
For more information, take a look at the following helpful articles:
- Collision Coverage (Liberty Mutual)
- Who Has Cheap Car Insurance for a Chevrolet Traverse in Indianapolis? (IndyAutoGuard.com)
- When is the Right Time to Switch Car Insurance Companies? (Allstate)
- Side Impact Crash Tests (iihs.org)
- Get the Right Protection (InsureUonline.org)
- Choosing a Car for Your Teen (State Farm)
- Collision Insurance Coverage (Nationwide)
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