Chevy Traverse insurance policy image courtesy of QuoteInspector.com
If saving the most money is your goal, then the best way to get affordable Chevy Traverse insurance in Toledo is to make a habit of comparing prices annually from different companies who can sell car insurance in Ohio. Prices can be compared by following these steps.
First, try to understand coverages and the measures you can control to prevent rate increases. Many factors that are responsible for high rates like traffic tickets, fender benders, and poor credit can be rectified by making minor changes to your lifestyle. This article provides more information to get lower rates and get additional discounts.
Second, compare prices from exclusive agents, independent agents, and direct providers. Direct companies and exclusive agencies can only quote rates from a single company like GEICO or State Farm, while independent agents can provide prices for a wide range of companies.
Third, compare the new quotes to the premium of your current policy and determine if cheaper Traverse coverage is available. If you find a lower rate quote and switch companies, ensure coverage does not lapse between policies.
The most important part of shopping around is to make sure you're comparing similar limits and deductibles on every quote request and and to get price estimates from as many carriers as you can. Doing this ensures an apples-to-apples comparison and a better comparison of the market.
Astonishing but true according to a recent study, a large majority of drivers kept their coverage with the same auto insurance company for at least four years, and nearly 40% of drivers have never quoted rates to find affordable coverage. Most drivers in Ohio could save an average of 55% each year by just shopping around, but they mistakenly think it's difficult to shop their coverage around.
The best way we recommend to compare car insurance company rates for Chevy Traverse insurance in Toledo is to know most of the larger companies will pay a fee to give free rates quotes. To start a quote, the only thing you need to do is take a few minutes to give details including how much school you completed, how much coverage you want, if you are currently licensed, and whether your vehicle is owned or leased. That information is then submitted to all major companies and you will get price comparisons almost instantly.
To start a quote now, click here then complete the form.
The auto insurance companies shown below are our best choices to provide quotes in Toledo, OH. In order to find cheaper car insurance in Ohio, we recommend you visit several of them to get a more complete price comparison.
Toledo insurance discounts for a Chevy Traverse
Some insurance providers do not advertise every available discount in an easy-to-find place, so we took the time to find a few of the more well known and the more hidden credits available to bring down your rates.
- Theft Deterrent System - Cars equipped with tracking devices and advanced anti-theft systems have a lower chance of being stolen and therefore earn up to a 10% discount.
- Cautious Driver Discount - Accident-free drivers may save up to 50% more compared to rates paid by drivers with frequent claims.
- Air Bags and Passive Restraints - Factory options such as air bags may qualify for discounts of up to 25% or more.
- Government Employee Discount - Being employed by or retired from a federal job could qualify for a slight premium decrease with a few insurance companies.
- Mature Driver Discount - Older drivers may receive a small discount on rates.
- Smart Student Discounts - This discount can get you a discount of up to 25%. This discount can apply until age 25.
- ABS and Traction Control Discounts - Cars and trucks that have steering control and anti-lock brakes are much safer to drive so you can save 10 percent or more.
As a footnote on discounts, many deductions do not apply to the whole policy. Some only reduce specific coverage prices like liability and collision coverage. So when the math indicates adding up those discounts means a free policy, companies wouldn't make money that way.
The chart below illustrates the comparison of Chevy Traverse insurance premiums with and without discounts applied to the policy rates. The premiums assume a female driver, no claims or driving citations, Ohio state minimum liability limits, comp and collision included, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, claim-free, multi-policy, multi-car, marriage, and homeowner discounts applied.
The best insurance companies and the discounts they provide can be read below.
- State Farm may have discounts that include good student, defensive driving training, multiple policy, good driver, Drive Safe & Save, passive restraint, and student away at school.
- American Family may offer discounts for accident-free, TimeAway discount, good driver, defensive driver, bundled insurance, Steer into Savings, and mySafetyValet.
- GEICO discounts include multi-policy, membership and employees, federal employee, multi-vehicle, and emergency military deployment.
- 21st Century has discounts for student driver, theft prevention, anti-lock brakes, air bags, good student, defensive driver, and 55 and older.
- Progressive may include discounts for good student, online signing, continuous coverage, multi-policy, and online quote discount.
Before purchasing a policy, check with each company how many discounts you can get. Savings may not apply to policyholders in Toledo. To find insurers with significant discounts in Toledo, follow this link.
Rate information and statistics
The information shown next highlights different insurance prices for Chevy Traverse models. Being aware of how insurance prices are figured can be of help when making smart choices when selecting a coverage provider.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Traverse LS 2WD||$200||$242||$252||$14||$76||$784||$65|
|Traverse LS AWD||$226||$242||$252||$14||$76||$810||$68|
|Traverse LT 2WD||$226||$242||$252||$14||$76||$810||$68|
|Traverse LT AWD||$226||$296||$252||$14||$76||$864||$72|
|Traverse LTZ 2WD||$226||$296||$252||$14||$76||$864||$72|
|Traverse LTZ AWD||$226||$296||$252||$14||$76||$864||$72|
|Get Your Own Custom Quote Go|
Prices based on single male driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Ohio minimum liability limits. Discounts applied include multi-policy, multi-vehicle, safe-driver, claim-free, and homeowner. Prices do not factor in vehicle garaging location which can impact coverage rates noticeably.
The diagram below illustrates how choosing a deductible and can influence Chevy Traverse yearly insurance costs for each different age group. The prices are based on a single male driver, full physical damage coverage, and no additional discounts are factored in.
Chevrolet Traverse full coverage rates compared to liability only
The illustration below visualizes the comparison of Chevy Traverse insurance premiums when comparing full coverage to liability only. The rate quotes are based on no accidents or driving violations, $500 deductibles, single marital status, and no discounts are applied to the premium.
When to stop paying for full coverage
There is no set guideline to drop comprehensive and collision coverage on your policy, but there is a guideline you can consider. If the annual cost of coverage is more than about 10% of the settlement you would receive from your company, then you might want to think about dropping full coverage.
For example, let's assume your Chevy Traverse book value is $5,000 and you have $1,000 policy deductibles. If your vehicle is severely damaged, the most your company will settle for is $4,000 after the policy deductible has been paid. If you are paying in excess of $400 a year for full coverage, the it may be a good time to stop paying for full coverage.
There are a few cases where eliminating full coverage is not recommended. If you still have a lienholder on your title, you have to keep full coverage as part of the loan conditions. Also, if your savings is not enough to buy a different vehicle if your current one is damaged, you should not remove full coverage.
Toledo car insurance company ratings
Selecting a highly-rated insurance provider is hard considering how many choices you have in Ohio. The ranking data below can help you pick which auto insurance companies you want to consider comparing rates with.
Top 10 Toledo Car Insurance Companies Ranked by Value
- AAA Insurance
- Erie Insurance
- State Farm
- Liberty Mutual
- Safeco Insurance
- 21st Century