Cheapest Insurance for a Chevrolet Traverse in Rhode Island

When writing about shopping for auto insurance, the words “affordable” or “cheap” should not be used anywhere in the article as a descriptor for car insurance rates. Regardless, cheap car insurance for a Chevrolet Traverse is pretty hard to find. Don’t let that discourage you, because we will tell you how you can still get car insurance that you can afford to pay for.

Your ability to find cheaper coverage for a Chevrolet Traverse in Rhode Island depends upon a fairly complex equation with a lot of factors like age of the driver, whether or not you have had gaps between policies, and citations on your driving record. Drivers pay approximately $1,040 a year to insure a Traverse, but that policy rate is an approximation based on rates for a 50-year-old married female driver that included full physical damage coverage and $100 physical damage deductibles.

When making auto insurance estimates, the issue arises that you’re not a 50-year-old female, you might be single instead of married, or maybe your Traverse is a different trim level than the example. Even a very minor difference in the criteria used to calculate rates could end up with a large change in price quotes.

Not every driver requires the same auto insurance coverages, so the only way to find the cheapest insurance price for your Chevrolet is to get into the habit of comparing rates once a year.

Insure Your Chevrolet for Less

The trim level of your Chevrolet impacts the yearly cost, so the rate you pay to insure a Traverse LS 2WD trim level will be $130 less expensive the insurance cost for the high end Traverse LTZ AWD trim level, as demonstrated by the prices below.

Price data assumes married female driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Rhode Island minimum liability limits. Discounts applied include claim-free, safe-driver, multi-policy, multi-vehicle, and homeowner. Rate information does not factor in Rhode Island location which can lower or raise price quotes noticeably.

Establishing which companies offer the most affordable insurance rates for a Chevrolet Traverse will involve a bit more work in order to find the most economical policy. Every auto insurer has a different process for determining rates, so let’s take a look at the most affordable insurance companies in Rhode Island.

Find Cheaper Car Insurance for Your Chevy

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USAA may have some of the lowest car insurance rates in Rhode Island at around $698 per year. State Farm, Travelers, Amica, and Progressive are also some of the most economical Rhode Island car insurance companies.

As the example above demonstrates, if you are a policyholder with Amica and switched to USAA, you might achieve savings of approxmiately $754. Policyholders with Progressive could save as much as $801 a year, and Quincy Mutual policyholders might lower prices by up to $881 a year.

To compare your rates to other Rhode Island insurance companies, click here to start your free quote or visit any of the companies below.

Remember that these estimates are averages for all drivers and vehicles and and are not figured with a specific rating modification for a Chevrolet Traverse. So the company that can offer you the lowest price may not even be included in the rate chart shown above. That’s why you need to compare rates from multiple companies using your own specific driver information and vehicle.

Safe drivers pay cheaper rates

In a perfect world, the best way to get low insurance rates in Rhode Island for a Traverse is to drive carefully and not get tickets or have accidents. The illustration below illustrates how violations and fender-benders can affect auto insurance costs for different categories of driver ages. The premiums assume a single male driver, full physical damage coverage, $500 deductibles, and no other discounts are factored in.

In the chart above, the average cost of auto insurance per year with a clean driving record and no accidents is $1,989. Receive two speeding tickets and the average cost increases to $2,631, an increase of $642 each year. Then add one accident along with the two speeding tickets and the yearly cost of insurance for a Chevrolet Traverse goes up to an average of $3,255. That’s an increase of $1,266, or $106 per month, just for not driving carefully!

The example below shows how choosing a deductible can influence insurance premiums when researching cheap insurance for a Chevrolet Traverse. The price estimates are based on a married female driver, comp and collision included, and no discounts are taken into consideration.

The chart above illustrates that a 40-year-old driver could reduce rates by $300 a year by changing their physical damage coverage from a $100 deductible to a $500 deductible, or save $458 by changing to a $1,000 deductible. Young drivers, like the Age 20 category, can save up to $748 each year by using higher deductibles when buying full coverage. When using a larger deductible, it will now be necessary to have enough savings to allow you to cover the extra out-of-pocket expense, which is the one inconvenience of using high deductibles.

Who has the cheapest Chevrolet Traverse insurance quotes?

Thanks to technology, drivers have a lot of ways to find cheaper insurance in Rhode Island, but the three most common are through an independent agent, a captive (or exclusive) agency such as State Farm or Liberty Mutual, or direct online or over the phone from a company like Progressive or Geico. All three ways are similar, but insurance buyers need to understand the differences in how they work.

Independent agents write business for many companies and can get rate quotes from all of them. These agents can quote with many companies and provide multiple price quotes, which can help you get the best chance of saving money. If your premiums go up, it’s easy for the agent to move the policy and you don’t have to switch agencies.

An agent who is captive is able to place business with one insurance company, two of the more popular are Liberty Mutual and Allstate agents. Exclusive agents cannot compare other company’s rates, so if their prices are high, they cannot shop around.

The last way is buying direct, which means you do not use the middleman (the agent) and buy direct online or over the phone from a company like Progressive or Geico. Buying insurance direct may be the best choice families who do not need advice for asset protection and know what limits they need.

Which way works best for finding the cheapest insurance for a Chevrolet Traverse in Rhode Island? We would first guess that shopping direct saves the most money because you bypass the middleman, but unfortunately, that is not the case. We could also say that going through an independent agent saves the most money because you have more choices, but again, it’s not necessarily true. In many circumstances, the exclusive agents have very competitive rates well below independent agents AND direct companies.

Because it’s impossible to say who has the best insurance rates, the guaranteed way to get rock-bottom rates is to get as many comparison quotes as possible. It takes a little work, but we recommend you get quotes from all three types to get an idea of which is cheapest. A great place to start is our list of online companies offering discounts: click here to view.