Cheap Insurance for a Chevrolet Traverse in Ohio

When talking about car insurance, the words cheap or affordable really shouldn’t be used anywhere to describe car insurance prices. Sad but true, cheap car insurance for a Chevrolet Traverse is almost non-existent. Don’t let that get you down, though, because we are going to show you some ways you can get auto insurance that may not be cheap, but it is affordable.

The likelihood of finding the best cheap insurance for a Chevrolet Traverse in Ohio relies on a complex formula that considers things such as how many miles you drive each year, if you have ever had a coverage lapse, and if your driving record is clean. Ohio drivers pay approximately $480 per year to insure a Traverse, but that figure is an approximation that uses a 50-year-old married male who requires full physical damage coverage and $500 physical damage deductibles.

There’s a good chance you’re not a 50-year-old male, possibly single instead of married, and you need different coverage limits than the sample rates. Car insurance coverage is unique to each driver, so this is why the most reliable way to find the cheapest insurance price for your Chevrolet is to shop your policy around at every renewal. Comparing quotes is easy and you will be able to compare rates from some of the best insurers that insure vehicles in Ohio.

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The specific model of Traverse will most likely have an effect on the yearly cost, so the price you pay to insure a Traverse LS 2WD trim level will be $50 less than the price to insure the higher-priced Traverse LTZ AWD trim level, as shown in the prices below.

Data based on married male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Ohio minimum liability limits. Discounts applied include homeowner, multi-vehicle, claim-free, safe-driver, and multi-policy. Premium costs do not factor in specific location which can modify premiums significantly.

Ending up with the highest-rated insurer can be challenging considering how many choices there are in Ohio. The company information listed below could help you decide which car insurance companies you want to consider comparing rates from. These rankings only include companies with a nationwide focus, so smaller companies that only insure vehicles in Ohio are not taken into consideration for this list.

How much more does full coverage cost?

Finding cheap insurance for a Chevrolet Traverse in Ohio is the goal of most people, and a great way to lower the cost of insurance is to not buy comprehensive and collision coverage. The information below illustrates the comparison of insurance costs with full physical damage coverage compared to only buying the minimum liability limits required in Ohio. The information is based on no claims or violations, $250 deductibles, drivers are not married, and no discounts are factored in.

If we average the cost for all age groups, full coverage costs $1,353 per year over liability only. That is a big expense that brings up the question if it’s a good idea to buy full coverage. There is no exact rule for dropping physical damage coverage on your policy, but there is a general guideline. If the annual cost of comprehensive and collision coverage is about 10% or more of the vehicle’s replacement cost less your deductible, then it could be time to drop full coverage.

There are a few situations where only buying liability is not a good idea. If you still owe a portion of the original loan, you have to keep full coverage to protect the lienholder’s interest in the vehicle. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is damaged, you should not remove full coverage.

Why you are probably overpaying for Traverse insurance

Ohio auto insurance rates are calculated based on many things which can significantly increase or decrease the price you have to pay for coverage. Getting older, buying a home, or having an at-fault accident can trigger price changes resulting in some rates now being more affordable than others. In addition, companies modify pricing as often as every three months to reflect underwriting profits or losses. Unexpectedly high claims can cause more expensive premiums, while profitable underwriting may result in cheaper Traverse insurance rates.

The chart below shows the company with the cheapest car insurance in Ohio for a 40-year-old female driver with no prior claims, no tickets, and a decent credit rating. When quoting prices based on her current risk profile, Utica National has the best car insurance rates in Ohio at $628 a year. This is $412 less than the average price paid by Ohio drivers of $1,040. Erie, Allied, Frankenmuth, and USAA are also included in the most affordable Ohio auto insurance companies.

The example below compares rates after we give the driver from the first set of rates an accident surcharge, a lower credit rating, and an imperfect driving record. Since every car insurance company has a different process for determing rates in each state, comparing insurance quotes could result in a new list of cheap Ohio auto insurance companies as shown below.

Merchants Insurance Group now has the lowest car insurance rate in Ohio with Cincinnati Insurance, Grange Mutual, Motorists Mutual, and General Casualty also being competitive. This example shows why Ohio drivers need to take the time to shop around to find the most budget-friendly insurance quotes for a Chevrolet Traverse.

Car insurance prices are impacted by many different factors and can decrease or increase without notice, so the most affordable company when you bought your policy may now be quite expensive.

Best cheap Chevrolet Traverse insurance quotes

There are a variety of different ways to purchase auto insurance in Ohio, but the most preferred methods are using an exlusive agent such as State Farm or Liberty Mutual, an independent or non-exclusive agent, or direct from companies such as Geico or Progressive.

They all have the same basic principle, but auto insurance shoppers should know the differences in how they price policies.

Independent agencies are appointed by several companies and can get rate quotes from every one. Agents of this type possess the freedom to give you a larger rate selection, which can help you get a better overall rate comparison. If the agent locates a cheaper price, an independent agent can move your coverage which prevents you from having to find a new agency.

Exclusive agents are only able to give rates for a single company, two of the more popular are a State Farm or Farmers agent. Exclusive agents cannot give you multiple price quotes, so if rates are not competitive, they cannot shop around.

When you buy auto insurance direct, you forego either of the other two types of agents and buy direct either online or via phone. Shopping for auto insurance direct may be a decent choice drivers who do not have a need for a risk management assessment and have some degree of understanding of what auto insurance covers and what it doesn’t.

Which way works best to find cheap insurance for a Chevrolet Traverse in Ohio? Most drivers assume that buying direct saves the most money since there is no middleman, but unfortunately, that is not the case. A good argument could also be made that buying auto insurance from an independent agent saves the most money due to more options, but that idea is not necessarily true either. In many circumstances, exclusive agencies have very competitive rates that are impossible to beat.

Due to that fact that auto insurance uses so many rating variables, the best method to get the cheapest rates is to compare, compare, and compare some more. The ideal approach is to get rate quotes from all three to give yourself plenty of rates to compare. To see some of the cheapest online companies available, click here to view.

How to find cheap insurance for a Chevrolet Traverse in Ohio

It is possible to find better rates, and here are a few thrifty suggestions that can help drivers find cheaper coverage.

• Prevent rate increases by staying accident-free
• Tickets and violations raise rates
• Buying home and auto together can help save money
• Buy vehicles with good safety ratings
• Drop full coverage on older vehicles
• Don’t have frequent claims
• Keep rates low by comparing prices once a year

The last tip in the list is highly vital, as we emphasized in this piece. Prices charged by auto insurers can change in a short period of time, so don’t hesitate to buy from a new company if a cheaper rate is available. Staying with the same company for years is fine, but it isn’t a good idea if that faithfulness ends up costing you a wad of cash every year. In less than five minutes you could compare prices and find cheaper insurance for a Chevrolet Traverse.