Cheapest Insurance Quotes for a Chevrolet Traverse in Michigan

Your chances of buying affordable insurance for a Chevrolet Traverse in Michigan hinges on lots of different factors such as whether you use your Traverse for business use, if you have ever had a coverage lapse, and if you have any chargeable driving offenses. Drivers on average pay approximately $1,810 each year to buy Chevrolet Traverse insurance, but that amount is a projection rating a 30-year-old single female that includes comprehensive and collision coverage and $1,000 policy deductibles.

There’s a good chance you are not 30 years old and maybe not even female, married instead of single, or maybe your Traverse doesn’t need comprehensive and collision coverage. This shows why your best chance at finding the cheapest coverage for your Chevrolet is to compare rates from as many companies as possible. Quotes only take a few minutes and you will receive prices from some of the most affordable companies available.

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Vehicle trim level has an effect on the cost of coverage, so the price to insure a Traverse LS 2WD trim level will cost $170 less than the cost to insure the higher-priced Traverse LTZ AWD model, as shown in the chart below.

Cost estimates assume single female driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Michigan minimum liability limits. Discounts applied include claim-free, safe-driver, multi-vehicle, multi-policy, and homeowner. Premium costs do not factor in zip code location which can influence premiums greatly.

Comparing rates for reasonably-priced insurance is easier said than done, and figuring out which company has the lowest-priced insurance rates for a Chevrolet Traverse will take more quotes for comparison.

Every auto insurer has their own process to establish rates, so to begin we’ll rank the insurance companies with the overall best prices in Michigan.

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USAA may have some of the lowest car insurance rates in Michigan at around $978 annually. GEICO, Safeco, MetLife, and Chubb would also make the list of some of the cheapest Michigan insurance companies.

In the above example, if you buy coverage from MetLife and switched to GEICO, you could realize a yearly savings of approxmiately $327. Insureds with Chubb may save as much as $363 a year, and MEEMIC insureds might reduce prices by as much as $385 a year.

Understand that those policy rates are averaged for all drivers and vehicles and do not factor in a specific rate value for a Chevrolet Traverse. So the insurer that can offer you the best rate may not even be shown in the list above. That illustrates why you need to get auto insurance quotes using your own driver and vehicle profiles.

Careless Michigan drivers pay higher rates

In a perfect world, the ideal way to receive the cheapest insurance for a Chevrolet Traverse in Michigan is to drive attentively and have a clean driving record. The illustration below demonstrates how citations and accident claims increase insurance rates for different insured age categories. The price estimates are based on a single male driver, full physical damage coverage, $1,000 deductibles, and no additional discounts are factored in.

The data above shows the average cost of auto insurance per year with a clean driving record and no accidents is $2,928. Add in two speeding tickets and the average cost surges to $3,862, an increase of $933 each year. Next add one accident along with the two speeding tickets and the 12-month cost of insurance for a Chevrolet Traverse goes up to an average of $4,797. That’s an increase of $1,869, or $156 per month, just for not being a responsible driver!

Geico vs State Farm vs Progressive vs Allstate

When buying insurance for a Traverse, four companies to take a look at are Geico, State Farm, Progressive, and Allstate. The table below points out ratings for price, service, and claims, in additional to some of the optional coverages that are available from each company.

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

It’s not impossible to find cheaper rates, and here are some of the recommended thrifty suggestions that can help Michigan drivers get more affordable car insurance.

• Buy a safer vehicle
• Higher physical damage deductibles lower rates
• Do not insure for full coverage
• You will pay more if you get tickets or have at-fault accidents
• Staying accident-free helps keep rates low
• Drivers with good credit often pay less
• Compare rates regularly and switch companies to save money

The last idea is notably vital, as we noted in the article above. Car insurance prices can change significantly in a year, so drivers shouldn’t be reluctant to switch to a new company if a cheaper price is available. Many drivers prefer to stick with one company, but it isn’t a good idea if that faithfulness ends up costing you thousands of dollars over several years. Now is a great time to compare rates and find cheaper auto insurance for a Chevrolet Traverse.

Best cheap Chevrolet Traverse insurance quotes

There are many different ways to quote insurance rates in Michigan, but the most frequently used are through an exlusive agent such as State Farm or Auto-Owners, an independent or non-exclusive agent, or from a direct company like Geico. You can use whichever method you prefer, but each is slightly different in how they work.

Independent insurance agencies have contracts with many companies and can provide price quotes from each one. Independent agents are not employed by only one company and can provide you with more rates, which can help you get better odds of saving money. If cheaper coverage is found, your policy can be easily switched to a different company and you can remain with the same agent.

An agent who is captive is restricted to quoting rates for one company, two examples being Farmers Insurance or State Farm agents. Exclusive agents are unable to give you multiple price quotes, so keep that in mind.

The last way is buying direct, which means you do not use the middleman (the agent) and instead shop from a direct company like Esurance. Shopping direct may be good for families who do not have complex finances and understand the exclusions of a policy.

So out of those three methods, which one works best to find the cheapest insurance for a Chevrolet Traverse in Michigan? The majority of people assume that buying direct yields the cheapest rates because there is no agent taking a commission, but in reality, that is not true. It could also be said going through an independent agent is the best way to go because they can shop around, but that is not necessarily true either. In some circumstances, exclusive agents have very competitive rates that are the cheapest.

Due to that fact that insurance uses so many rating variables, the only real way to ensure you are not overpaying is to obtain price quotes and compare them. If you have the time, get quotes from all three to give yourself plenty of rates to compare. For a list of insurance companies with low rates, click here to view.