Best Insurance for a Chevy Traverse in Chandler

The most effective way to find the cheapest price for Chevy Traverse insurance is to annually compare prices from companies in Chandler.

First, spend some time learning about how car insurance works and the changes you can make to drop your rates. Many risk factors that result in higher rates like speeding tickets, careless driving and an unacceptable credit rating can be amended by paying attention to minor details. Keep reading for more information to prevent rate hikes and get bigger discounts.

Second, get rate quotes from exclusive agents, independent agents, and direct providers. Direct and exclusive agents can only quote rates from a single company like Progressive or State Farm, while independent agents can provide prices for a wide range of companies.

Third, compare the price quotes to your existing rates to determine if you can save on Traverse insurance. If you find better rates, make sure there is no lapse between the expiration of your current policy and the new one.

Fourth, provide proper notification to your current company of your decision to cancel your current car insurance policy and submit a signed application and payment for your new policy. Don’t forget to keep your new certificate verifying proof of insurance in your vehicle’s glove compartment or console.

A good tip to remember is to compare similar deductibles and liability limits on each quote and and to get rate quotes from as many companies as possible. Doing this provides an apples-to-apples comparison and the best rate selection.

It’s shocking but almost 70% of drivers have purchased from the same company for well over three years, and nearly the majority have never shopped around. Consumers in Arizona could pocket 50% a year by just shopping around, but they don’t believe the rate savings if they switch to a new company.

How much does Chevy Traverse insurance in Chandler cost?

It’s important to know that having more price comparisons gives you a better chance of getting the best price. Some companies don’t provide online rate quotes, so it’s important to compare price quotes on coverage from those companies, too.

The companies in the list below offer price comparisons in Arizona. If multiple companies are listed, we suggest you visit two to three different companies in order to get a fair rate comparison.

Chevy Traverse insurance analysis

The rate table shown next covers estimates of coverage prices for Chevy Traverse models. Having a better idea how rate quotes are figured can help guide drivers when making informed decisions when shopping around for a new policy.

Cost estimates assume single male driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Arizona minimum liability limits. Discounts applied include claim-free, multi-policy, safe-driver, homeowner, and multi-vehicle. Price estimates do not factor in your specific Chandler location which can lower or raise premiums considerably.

Deductible analysis

One common question asked by Chandler drivers is which deductibles should you choose. The following insurance rates can help you visualize the differences in price between high and low physical damage coverage deductibles. The first table uses a $100 physical damage deductible and the second pricing table uses a $1,000 deductible.

Premium data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Arizona minimum liability limits. Discounts applied include multi-policy, claim-free, safe-driver, multi-vehicle, and homeowner. Price information does not factor in your specific Chandler location which can revise prices noticeably.

Using the premium rates above, we can conclude that using a $100 deductible costs about $29 more each month or $348 annually than requesting the higher $1,000 deductible. Since you would have to pay $900 more if you file a claim with a $1,000 deductible as compared to a $100 deductible, if you tend to go at least 31 months between claims, you would save more money by selecting a higher deductible.

Full coverage versus liability-only in Chandler

The information below shows the difference between Chevy Traverse auto insurance costs with full coverage and liability only. The information is based on a clean driving record, no at-fault accidents, $100 deductibles, drivers are single, and no other discounts are factored in.

Guidelines for eliminating full coverage

There is no written rule for phasing out full coverage, but there is a guideline you can consider. If the yearly cost of full coverage is about 10% or more of any settlement you would receive from your insurance company, then you may need to consider dropping full coverage.

For example, let’s assume your Chevy Traverse replacement cost is $7,000 and you have $1,000 policy deductibles. If your vehicle is damaged in an accident, the most your company would pay you is $6,000 after you pay the deductible. If you are currently paying more than $600 a year for your policy with full coverage, then it might be time to consider dropping full coverage.

There are some situations where removing full coverage is not financially feasible. If you haven’t paid off your loan, you have to maintain full coverage in order to prevent your loan from defaulting. Also, if you cannot afford to purchase a different vehicle if your current one is totaled, you should not eliminate full coverage.

Here’s why insurance is not optional

Despite the high cost of buying insurance for a Chevy Traverse in Chandler, buying insurance is required in Arizona but also provides important benefits.

• Just about all states have mandatory insurance requirements which means it is punishable by state law to not carry a specific minimum amount of liability protection if you want to drive legally. In Arizona these limits are 15/30/10 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
• If you have a lien on your Chevy, almost every bank will make it a condition of the loan that you have insurance to guarantee their interest in the vehicle. If you cancel or allow the policy to lapse, the lender may have to buy a policy to insure your Chevy for a much higher rate and require you to pay for the much more expensive policy.
• Insurance protects both your vehicle and your personal assets. It will also pay for most medical and hospital costs for yourself as well as anyone injured by you. As part of your policy, liability insurance also covers legal expenses if you cause an accident and are sued. If your car is damaged in a storm or accident, comprehensive (other-than-collision) and collision coverage will cover the repair costs.

The benefits of insuring your Traverse more than cancel out the cost, particularly if you ever have a claim. On average, a vehicle owner in Chandler is overpaying more than $865 each year so it’s very important to do a rate comparison at every renewal to be sure current rates are still competitive.

Informed Consumers Know How to Get Auto Insurance More Affordably

Smart consumers have a good feel for some of the factors that help determine the level of your policy premiums. If you have a feel for what determines premiums, this allows you to make educated decisions that may result in much lower annual insurance costs. Lots of things are taken into consideration when quoting car insurance. Most are fairly basic like a motor vehicle report, but others are not quite as obvious like where you live and annual miles driven.

Low credit history equals high costs – Credit score is a large factor in determining what you pay. So if your credit could use some work, you could save money insuring your Chevrolet Traverse by improving your credit score. Consumers who have very high credit ratings tend to file fewer claims than drivers with worse credit.

Do you really need to file those auto insurance claims? – If you are a frequent claim filer, you can expect higher premiums or even policy non-renewal. Companies in Arizona generally give the lowest premiums to people who are not frequent claim filers. Your insurance policy is meant to be used in the event of the bigger claims that can’t be paid out-of-pocket.

Higher coverage deductibles are cheaper – Physical damage deductibles are the amount of money you are required to pay in the event of a claim. Physical damage coverage, also known as collision and other-than-collision, covers damage that occurs to your car. Examples of covered claims could be colliding with a stationary object, vandalism, or theft of your vehicle. The higher the amount you pay before a claim is paid (deductible), the lower your rates will be.

Is you occupation costing you more? – Do you have a high-stress occupation? Occupations like lawyers, police officers, and miners generally pay higher premiums than the average policyholder attributed to stressful work requirements and incredibly demanding work hours. On the flip side, careers like scientists, historians and performers have the lowest average rates.

Tickets and citations cost more than a fine – How you drive can have a huge impact on auto insurance premiums. Drivers with clean records get better rates as compared to careless drivers. Getting just one chargeable violation can increase the cost of insurance by as much as thirty percent. Drivers with severe violations like DUI, reckless driving or excessive speeding are required to file a SR-22 with their state motor vehicle department in order to legally drive a vehicle.

The diagram below demonstrates how citations and accidents can raise Chevy Traverse insurance costs for different categories of driver ages. The data assumes a married female driver, full coverage, $250 deductibles, and no discounts are taken into consideration.

Where do you drive? – The more miles you rack up on your Chevy annually the higher your rate. A lot of companies rate vehicles based upon how the vehicle is primarily used. Autos that are left in the garage can be on a lower rate level than those that get driven frequently. Incorrect rating for your Traverse may be wasting your money. Double check that your policy is rated on the right rating data, because it can save money.

Prevent auto insurance lapses – Having a gap between insurance policy dates will be a guaranteed way to pay more for auto insurance. And not only will insurance be more expensive, failure to provide proof of insurance will get you a fine, jail time, or a revoked license.

Insurance losses for a Chevy Traverse – Insurance companies take into consideration historical loss data for every vehicle to help calculate premium rates. Vehicles that the data determines to have higher number or severity of losses will have higher rates for specific coverages.

The table below shows the insurance loss data for Chevy Traverse vehicles. For each policy coverage type, the claim probability for all vehicles averaged together is a value of 100. Values that are below 100 indicate better than average losses, while percentages above 100 indicate higher probability of having a loss or an increased chance of larger losses than average.

Be persistent to save money

Some insurance providers do not offer the ability to get a quote online and these regional carriers only sell through independent insurance agents. Low-cost Chevy Traverse insurance in Chandler is attainable both online in addition to local insurance agencies, and you need to price shop both in order to have the best price selection to choose from.

As you shop your coverage around, make sure you don’t buy less coverage just to save a little money. In many cases, someone dropped comprehensive coverage or liability limits and learned later that their decision to reduce coverage ended up costing them more. Your focus should be to find the BEST coverage at the best cost, but don’t skip important coverages to save money.

Drivers change insurance companies for a number of reasons such as delays in paying claims, an unsatisfactory settlement offer, unfair underwriting practices and even not issuing a premium refund. No matter why you want to switch, finding a new company is pretty simple and you could end up saving a buck or two.

Even more information can be found in these articles:

• How to Avoid Staged Accidents (State Farm)
• What is the Cheapest Car Insurance in Chandler, Arizona? (FAQ)
• What Car Insurance is Cheapest for a Kia Forte in Chandler? (FAQ)
• How Much are Auto Insurance Rates for a Nissan Versa in Chandler? (FAQ)
• Who Has the Cheapest Car Insurance Quotes for a Kia Optima in Chandler? (FAQ)
• Who Has the Cheapest Chandler Auto Insurance for a Company Car? (FAQ)
• Understanding your Policy (NAIC.org)
• What if I Can’t Find Coverage? (Insurance Information Institute)
• Credit Impacts Car Insurance Rates (State Farm)