Cheapest Insurance Quotes for a Chevrolet Traverse in New York

When we talk about car insurance, the words “affordable” or “cheap” really shouldn’t be used anywhere in the article as a descriptor for car insurance rates. Nonetheless, cheap auto insurance for a Chevrolet Traverse is pretty hard to find. But don’t let us ruin your dream, because we will show you how you can still find coverage that you can afford to pay for.

Buying cheaper car insurance for a Chevrolet Traverse in New York depends upon a lot of rating criteria such as whether you own a home, whether you have good credit, and if your driving record is clean. Drivers in New York pay approximately $730 each year for Traverse insurance, but that figure is an estimation calculated based on a 50-year-old single female driver that has full coverage including both comprehensive and collision and $250 physical damage deductibles.

There is a good probability you aren’t exactly 50 years old or even a female, you might be married instead of single, or you just want cheap liability insurance instead of full coverage. Having just a slight change in rating factors may result in a big change in policy price.

This demonstrates why the best way to find cheap insurance prices for your Chevrolet is to just take the time to compare rates yourself. Get a free quote now and you will be able to compare rates from top-rated car insurance companies that offer coverage in New York.

Cheapest Chevrolet Traverse Insurance Rates

Your Chevrolet’s trim level will most likely have an effect on the annual cost of coverage, so the cost to insure a Traverse LS 2WD will be $82 less expensive the price to insure the more costly Traverse LTZ AWD model, as shown in the table below.

Prices above based on single female driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and New York minimum liability limits. Discounts applied include claim-free, homeowner, multi-policy, safe-driver, and multi-vehicle. Prices do not factor in specific New York garaging location which can lower or raise prices significantly.

Finding decent, budget auto insurance is difficult, and determining which insurers offer the lowest-priced auto insurance rates for a Chevrolet Traverse involves even more perseverance. Every insurance company has a different formula to establish rates, so let’s take a look at the auto insurance companies with the overall cheapest rates in New York.

It’s important that you understand New York auto insurance rates are impacted by many factors that may substantially change the price you pay. Improving your credit score, buying a higher-value vehicle, or getting caught speeding may prompt premium changes resulting in some rates now being cheaper in comparison to the competition.

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USAA quotes some of the most affordable car insurance rates in New York at around $1,152 each year. Erie, Progressive, Utica National, and Travelers would also be considered some of the more affordable New York car insurance companies.

In the rate table above, if you have coverage with Progressive and switched to USAA, you could earn an annual savings of in the vicinity of $390. Customers with Utica National might save as much as $397 a year, and Travelers policyholders might cut rates by $407 a year.

These prices are averages for all insureds and vehicles and do not factor in a specific rating modification for a Chevrolet Traverse. So the company that has the cheapest rates for you may not even be featured in the list of companies above. That point stresses why you need to get rate quotes using your own driver data and vehicle information.

Full coverage versus liability only rates

Finding the cheapest insurance for a Chevrolet Traverse in New York should be important to the majority of vehicle owners, and a great way to buy cheaper insurance is to not insure for full coverage. The example below shows the comparison of insurance costs with full coverage and liability only. The data is based on no accidents or driving violations, $250 deductibles, drivers are not married, and no discounts are applied to the premium.

If all age groups are averaged, full coverage costs an extra $1,460 per year more than just insuring for liability. That is a significant amount which raises the question when is it safe to stop buying full coverage. There isn’t a steadfast formula of when to stop paying for comp and collision coverage, but there is a broad guideline. If the annual cost of your full coverage insurance is more than 10% of the settlement you would receive from your company, then it may be the right time to buy liability only.

For example, let’s say your vehicle’s replacement cost is $8,000 and you have $1,000 policy deductibles. If your vehicle is totaled in an accident, the most your company will settle for is $7,000 after the policy deductible has been paid. If it’s costing you more than $700 a year for full coverage, then you may want to consider only buying liability coverage.

There are a few situations where dropping physical damage coverage is not in your best interest. If you still owe a portion of the original loan, you are required to maintain full coverage to satisfy the loan requirements. Also, if you can’t afford to buy a different vehicle if your current one is in an accident, you should not remove full coverage.

Is Allstate, Progressive, Geico, or State Farm cheaper?

If you are looking for the best insurance for a Traverse in New York, probably the best companies to start with are Allstate, Progressive, Geico, and State Farm. When combined, they make up almost half of the entire U.S. auto insurance market. Each one has a distict selection of optional coverages and features that add value to each policy. The following table rates some of the different options and features .

How to find the cheapest insurance for a Chevrolet Traverse in New York

The list below shows some of the recommended penny-pinching suggestions that can help you quote low-cost auto insurance.

• Avoid at-fault accidents and claims
• Be a safe driver
• Raise physical damage deductibles
• Pay for small claims rather than turning them in to your insurance company
• Drop full coverage on older vehicles
• Compare rate quotes often

That last tip is extraordinarily necessary, as was discussed in the article above. Insurance rates can change considerably based on profitability, so don’t be afraid to change insurance companies if a lower price can be found.

Brand loyalty is great, but it’s not a good idea if your bullheadedness ends up costing you hundreds of dollars year after year. It takes less than five minutes to compare rates to find cheaper insurance for a Chevrolet Traverse.

Who has the cheapest Chevrolet Traverse insurance quotes?

Due to technology, there are many ways to compare auto insurance prices in New York, but the three most common methods are from an independent agent, an exclusive insurance agency like Liberty Mutual or State Farm, or from a direct company like Geico. They all have the same end result, but buyers should know the differences in how they provide price quotes.

Independent agencies write for multiple companies and can get rate quotes from all of them. Agents of this type are appointed with more than one company and can give you more rate choices, which can give you the best shot at cutting your rates. If they find a lower price, it’s simple to move the policy and you stay with the same agent.

An agent who is captive is only able to quote rates from a single insurance company, two examples being Liberty Mutual and Allstate agents. Exclusive agents cannot provide rates from more than one company, so always compare other rates.

Buying direct means you do not use either of the other two types of agents and instead shop direct either online or via phone. Buying auto insurance direct may be good for drivers who do not need high amounts of coverage and know more than average about the limitations of their policy.

Which method is best for finding the cheapest insurance for a Chevrolet Traverse in New York? We would first guess that shopping direct saves money since that prevents the need to pay agent commissions, but unfortunately, that is not the case. We could also assume that going through an independent agent can save the most money because they can quote many companies, but again, that’s not a true statement. And sometimes, exclusive agents have coverage prices that independents and direct companies can’t touch.

Since auto insurance rates vary so much, the only true way to make sure you’re not overpaying for auto insurance is to get quotes and compare. Smart shoppers will get prices from all three types to have enough rates to compare. For a list of companies with cheap rates in New York, click here to view.