Cheap Insurance for a Chevrolet Traverse in Maine

Our editors always tell us that when writing about auto insurance, the words “affordable” or “cheap” should not appear as a descriptor for auto insurance rates. Please forgive the oxymoron, but cheap car insurance for a Chevrolet Traverse is pretty hard to find. Don’t let that bother you, though, because we are going to show you how you can quote and buy car insurance that you can afford to pay for.

Your ability to find the best cheap car insurance for a Chevrolet Traverse in Maine relies on a complex rating formula that takes into consideration things like if you have purchased a home, the likelihood of your vehicle being stolen, and any driving offenses on your record. Drivers in Maine pay on average $420 a year to insure a Chevrolet Traverse, but that is a projection assuming a 30-year-old married female who requires full physical damage coverage and $1,000 physical damage deductibles.

There is a high probability that you are not a 30-year-old female, possibly single instead of married, or maybe your Maine zip code is rated higher than the example. Using even a minor difference in the factors used to determine rates could end up with a large change in the cost of insuring your Traverse.

Auto insurance is not the same for everyone, so the best way to find the cheapest rates for your Chevrolet is to take your time and compare rates from as many companies as possible. In just a couple of minutes you will be able to see rates from top-rated car insurance companies around.

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Your vehicle’s trim level impacts the coverage cost, so the price to insure a Traverse LS 2WD model will be $42 less expensive the price to insure the higher-priced Traverse LTZ AWD version, as shown below.

Premium data assumes married female driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Maine minimum liability limits. Discounts applied include claim-free, homeowner, multi-vehicle, multi-policy, and safe-driver. Rate information does not factor in Maine location which can raise or lower auto insurance rates considerably.

Choosing a highly-rated company is difficult considering how many companies sell coverage in Maine. The ranking information shown below can help you pick which car insurance companies to look at purchasing from. These rankings include the largest auto insurers in America, so smaller regional companies are not factored into these rankings.

Impact of violations and accidents on rates

The obvious way to obtain low car insurance prices for a Traverse is to be an attentive driver and not have accidents or get tickets. The example below highlights how traffic violations and at-fault fender-benders can impact insurance prices for different insured age categories. The data is based on a married female driver, full coverage, $250 deductibles, and no discounts are factored in.

In the previous chart, the average cost of auto insurance per year with no violations or accidents is $947. Get two speeding tickets and the average cost jumps to $1,344, an increase of $397 each year. Now add in one accident along with the two speeding tickets and the annual cost of car insurance for a Chevrolet Traverse increases to an average of $1,734. That’s an increase of $787, or $66 per month, just for not driving carefully!

The information below illustrates how your choice of deductibles can increase or decrease premium costs when researching cheap insurance for a Chevrolet Traverse. The information is based on a single male driver, comp and collision included, and no discounts are applied.

A 50-year-old driver could reduce rates by $174 a year by switching their comprehensive and collision coverages from a $100 deductible to a $500 deductible, or save $264 by choosing a $1,000 deductible. Even younger insureds, such as the Age 20 example, could roll back prices up to $566 or even more just by choosing higher deductibles.

If you make the decision to raise deductibles, it is essential to have enough savings to be able to cover the extra out-of-pocket expense. That is the one drawback of using higher deductibles.

How to find budget-friendly auto insurance for a Chevrolet Traverse

Below you’ll find some of the recommended money-saving suggestions that can help drivers buy the cheapest coverage.

• Drop full coverage on older vehicles
• Save money by obeying traffic laws and keeping a clean driving record
• Maintaining good credit helps earn cheaper rates
• Having at-fault accidents will increase rates
• Higher deductibles mean lower rates
• Safer vehicles cost less to insure
• Shop your coverage around for the best deal

The last suggestion is particularly necessary, as was pointed out in the prior article. Insurance prices fluctuate considerably, so don’t be hesitant to buy a policy from a new company if you find a cheaper price. Brand loyalty is great, but we do not recommend it if that devotedness results in you overpaying money that could be going to better use. In just a couple of minutes you could shop around to find cheaper car insurance for a Chevrolet Traverse.

Company comparison: Geico vs Allstate vs State Farm vs Progressive

When buying insurance for a Traverse in Maine, four companies to definitely compare rates with are Geico, Allstate, State Farm, and Progressive. The next table rates price, claims, and customer service ratings, as well as some optional coverages that are available for buyers.