Who Has the Cheapest Insurance Quotes for a Chevrolet Traverse in Colorado?

Our staff writers always rib each other than when writing about car insurance, the words “affordable” or “cheap” should not appear anywhere in the article. It’s a simple fact that cheap car insurance for a Chevrolet Traverse can be extremely hard to find. Don’t let that ruin your day, because we are going to tell you how you can get auto insurance that is affordable.

The chances of finding affordable insurance for a Chevrolet Traverse in Colorado hinges on a fairly complex equation with a lot of factors like how safe your vehicle is, your residence address, and any driving offenses on your record. Colorado drivers will pay on average $740 annually to buy insurance for a Chevrolet Traverse, but that policy rate is that uses a 50-year-old married male that includes full comprehensive and collision coverage and $500 deductibles.

Most likely you may not be 50 years old (or even male), single instead of married, or maybe your Colorado zip code is rated cheaper than the example. Even a very minor difference in rating factors or requested coverage amount can make a large difference in the cost of insurance.

Everyone has unique insurance needs, and this illustrates why the only real way to find the cheapest rates for your Chevrolet is to just take the time to compare rates yourself.

Find Cheaper Chevrolet Traverse Insurance

The trim level of your Chevrolet will likely have an effect on the annual cost of coverage, so the rate you will pay to insure a Traverse LS 2WD model will be $78 less than the price to insure the higher-priced Traverse LTZ AWD model, as shown in the prices below.

Data assumes married male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Colorado minimum liability limits. Discounts applied include multi-vehicle, homeowner, safe-driver, multi-policy, and claim-free. Table data does not factor in vehicle location which can change premiums noticeably.

Comparing quotes for cheap insurance is easier said than done, and figuring out which company quotes the most affordable car insurance rates for a Chevrolet Traverse may require more quotes for comparison. Each insurance company has a different formula to set policy rates, so let’s begin by taking a look at the most affordable car insurance companies in Colorado.

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The Hartford quotes some of the most affordable car insurance rates in Colorado at around $834 annually. Grange, USAA, GEICO, and Nationwide would also make the list of some of the cheaper Colorado car insurance companies.

As shown in the table above, if you currently buy coverage from GEICO and switched to Grange, you could see an annual savings of in the neighborhood of $165. Insureds with Nationwide may save as much as $168 a year, and Auto-Owners policyholders might see rate reductions of $205 a year.

Remember that these premiums are averaged for all ages of drivers and types of vehicles and and are not figured with a specific rate value for a Chevrolet Traverse. So the company that can offer you the best rate may not even be included in the list of companies above. That points out the importance of why you need to compare as many prices as possible using your own personal information and vehicle type.

The information below highlights how deductible selection can increase or decrease insurance costs when researching cheap insurance for a Chevrolet Traverse. The premium estimates are based on a married male driver, comp and collision included, and no discounts are applied.

As shown above, a 30-year-old driver could save $296 a year by switching their comprehensive and collision coverages from a $100 deductible to a $500 deductible, or save $452 by selecting a $1,000 deductible. Even younger drivers, like the Age 20 category, could lower their rates up to $872 every year by using higher deductibles when buying full coverage. When using a larger deductible, it is necessary to have enough in a savings account to cover the extra out-of-pocket expense. That is the one drawback of using higher deductibles.

Allstate, State Farm, Progressive, and Geico: Who is best?

When shopping for insurance for a Traverse, four companies to definitely compare rates with are Allstate, State Farm, Progressive, and Geico. When added together, they make up almost 50% of all policies written. The data below compares and contrasts some of the different features you can buy with each company.

Cheapest Chevrolet Traverse insurance quotes

Drivers have a lot of different ways to quote and buy car insurance in Colorado, but the most frequently used methods are from an exclusive insurance agent such as Liberty Mutual or State Farm, an independent insurance agent, or direct either online or via phone.

They all have the same basic principle, but car insurance shoppers should know the differences in how they provide rate quotes.

Independent agents have contracts with many companies and can quote your policy with each one. These types of agents are not locked into one company and can compare multiple rates, which can help you get the best chance of saving money. If your premiums go up, your policy can be moved which prevents you from having to switch agents.

An exclusive ageny is only able to give prices for one company, two popular examples being Liberty Mutual and Allstate agents. Exclusive agents normally do not have the ability to quote prices from more than just one company, so it’s a take it or leave it situation.

The third popular method of shopping for car insurance is direct, which means you skip either of the other two types of agents and buy direct from companies such as Progressive or Esurance. Shopping direct can be a good choice for consumers who have lower risk management needs and have an above average understanding of what specific coverages they need.

So out of those three methods, which one works best for finding the cheapest insurance for a Chevrolet Traverse in Colorado? It would be easy to say buying from a direct car insurance company saves money because there isn’t an agent involved, but unfortunately, that is not the case. We could also assume that using an independent agent is the best way due to more options, but that is not accurate either. In many circumstances, exclusive agents have really good rates that cannot be met by either independent or direct companies.

Since car insurance companies use so many rating factors, the only true way to get rock-bottom rates is to compare, compare, and compare some more. If time allows, get rate quotes from all three in order to find the best price. For a list of companies offering online discounts in Colorado, click here to view.

How to get the cheapest insurance for a Chevrolet Traverse in Colorado

It’s not impossible to find cheaper rates, and here are a few money-saving suggestions that can help drivers quote low-cost coverage.

• Higher credit scores may earn you cheaper rates
• Avoid speeding and other traffic citations and pay less
• Vehicles with good safety ratings are usually cheaper to insure
• Raise deductibles
• Avoid accidents
• Compare rates regularly to ensure the best deal

The last item on the list is extraordinarily important, as we stressed in this article. Car insurance rates can change significantly in a year, so drivers shouldn’t hesitate to buy from a new company if you find a better deal.

Being loyal to a particular company is commendable, but we do not recommend it if that faithfulness ends up costing you hundreds every year. It only take a few minutes to shop around to find cheaper insurance for a Chevrolet Traverse.