Cheapest Insurance Quotes for a Chevrolet Traverse in New Jersey

When the topic is car insurance, the words “affordable” or “cheap” really should not be used as a descriptor for auto insurance rates. Unfortunately, cheap auto insurance for a Chevrolet Traverse may be a thing of the past. We’ll try to make it up to you, because we are going to tell you how you can find coverage that works with your budget.

The chances that you’ll find cheaper auto insurance for a Chevrolet Traverse in New Jersey hinges on a complex rating formula that takes into consideration things such as your age, the insurance company you are currently insured with, and any past driving violations you may have had. New Jersey drivers on average pay approximately $1,260 per year to insure a Chevrolet Traverse, but that cost is an estimation based on a 50-year-old married male that purchased full coverage including both comprehensive and collision and $100 physical damage deductibles.

More likely than not, you are not exactly 50 years old and possibly not even male, you might be single instead of married, or you need different deductibles. Even a very minor difference in the rating criteria used to formulate rates can make a huge difference in the cost of insurance for a Chevrolet Traverse.

Everyone has different rating factors, so the only way to find the cheapest rates for your Chevrolet is to quote often and with as many companies as possible.

Compare Chevrolet Traverse Insurance Rates

The specific trim level tends to have a direct effect on the coverage cost, so the price to insure a Traverse LS 2WD trim level will be $154 less expensive the insurance cost for the fancier Traverse LTZ AWD trim level, as shown in the prices below.

Table data assumes married male driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and New Jersey minimum liability limits. Discounts applied include multi-policy, safe-driver, multi-vehicle, claim-free, and homeowner. Table data does not factor in zip code location which can lower or raise price quotes significantly.

Finding good, reasonably-priced insurance is not the easiest thing to accomplish, and figuring out which companies offer the most affordable car insurance rates for a Chevrolet Traverse will take a bit more work. Every auto insurer has a proprietary formula to set policy rates, so we’ll take a look at the most affordable car insurance companies in New Jersey.

It’s important to know that New Jersey car insurance rates are impacted by many things that control the price you have to pay. Things like having a birthday, getting married, or getting a couple of tickets can cause premium changes resulting in some companies being higher-priced than before.

Best Car Insurance Prices for Your Chevy

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21st Century quotes some of the lowest car insurance rates in New Jersey at around $1,078 per year. Travelers, New Jersey Manufacturers, Penn National, and Palisades would also be considered some of the most economical New Jersey car insurance companies.

In the above rates, if you buy coverage from Travelers and switched to 21st Century, you may realize annual savings of in the neighborhood of $78. New Jersey drivers with New Jersey Manufacturers may save as much as $232 a year, and Penn National policyholders might reduce rates by $260 a year.

To compare your rates to other New Jersey insurance companies, click here to get a free quote or feel free to get quotes from the companies below.

Understand that those premiums are averaged across all types of insureds and vehicles and and are not calculated with a specific rating modification for a Chevrolet Traverse. So the insurer that is most affordable for your situation may not even be featured in the list above. That is why you need to get car insurance quotes using your own personalized driver profile and vehicle information.

Impact of speeding/accidents on New Jersey car insurance rates

The easiest method to snag the cheapest car insurance rates in New Jersey for a Traverse is to be a careful driver and avoid accidents and violations. The information below shows how traffic citations and at-fault accidents raise insurance costs for different ages of insureds. The premiums are based on a single male driver, full coverage, $500 deductibles, and no discounts are applied.

In the prior example, the average cost of car insurance in New Jersey per year with no violations or accidents is $2,304. Factor in two speeding tickets and the average cost hikes up to $3,047, an increase of $743 each year. Then add in one accident along with the two speeding tickets and the annual cost of car insurance for a Chevrolet Traverse goes up to an average of $3,780. That’s an increase of $1,476, or $123 per month, just for not paying attention while driving!

The diagram below highlights how deductible choice can change premium costs when trying to find cheap insurance for a Chevrolet Traverse. The premium estimates are based on a single male driver, comp and collision included, and no discounts are taken into consideration.

The data above shows that a 50-year-old driver could cut expenses by $412 a year by increasing from a $100 deductible to a $500 deductible, or save $622 by selecting a $1,000 deductible. Young drivers, like the age 20 example, could roll back prices $1,334 annually just by using higher deductibles. When using a larger deductible, it is essential to have enough funds in savings to satisfy the extra out-of-pocket expense, which is the main disadvantage of using high deductibles.

How to find cheaper car insurance for a Chevrolet Traverse

Here are a few thrifty suggestions that can help New Jersey drivers quote more affordable auto insurance.

• Don’t have frequent claims
• Raise deductibles
• Drivers with good credit ratings often pay less
• At-fault accidents will increase rates
• Ensure your driving record is clean
• Multi-policy discounts save money
• Compare rate quotes often

The last idea is particularly important, as was noted in the prior information. Prices charged by auto insurers adjust often, so don’t be afraid to buy from a new company if a lower price can be found.

Many drivers have brand loyalty and that’s fine, but it’s not recommended if that loyalty ends up costing a fortune every year. Take a few minutes and compare prices to find cheaper car insurance for a Chevrolet Traverse.

Who has the cheapest Chevrolet Traverse insurance quotes?

There are many different ways to quote car insurance rates in New Jersey, but the most common are either through an exlusive agent like Allstate or Liberty Mutual, a non-exclusive or independent agent, or direct either online or via phone.

They all have the same basic principle, but each is different in how they give price quotes.

Independent insurance agencies work with multiple companies and can get policy pricing from each one. Agents of this type are appointed with more than one company and can get prices from more than one company, which may give you a better comparison. If prices rise, it’s easy for the agent to move the policy and the insured can keep the same agent.

Exclusive agencies are only able to quote rates with one company, two examples are Allstate or State Farm agents. Exclusive agents generally are unable to compare rates from other companies, so if prices are high they cannot provide alternatives.

If you choose to buy car insurance direct, you bypass a local agent and buy buying direct from a company like Geico or Esurance. Shopping direct may be good for drivers who have an average risk profile and have knowledge of how car insurance works.

So which one of the three ways works best for finding the cheapest insurance for a Chevrolet Traverse in New Jersey? We’d like to say buying from a direct company results in the cheapest price since there isn’t an agent involved, but unfortunately, it’s not that cut and dried. We’d also like to say using an independent agent results in the cheapest rates since they can provide multiple quotes, but again, it’s not necessarily true. In the right set of circumstances, exclusive agencies have really good rates that are the cheapest in New Jersey.

Due to the fact that car insurance rates vary so much, the only true way to get rock-bottom rates is to compare lots of quotes. We highly recommend getting prices from all three to give yourself plenty of rates to compare. For a list of car insurance companies with low rates, click here to view.