Who Has the Cheapest Insurance for a Chevrolet Traverse in Oklahoma?

Your odds of finding cheaper auto insurance for a Chevrolet Traverse in Oklahoma depends upon a pretty complex algorithm that uses a lot of factors like whether or not you own a home, your geographic location, and any prior driving offenses. Oklahoma drivers pay around $930 every 12 months to buy Chevrolet Traverse insurance, but that rate is calculated using a 30-year-old married female with comprehensive and collision coverage and $1,000 deductibles.

There is a good probability you are not a 30-year-old female, single instead of married, or maybe you’ve had an at-fault accident or two. Just a very minor change in quote information can make a big difference in the cost of insuring your Traverse.

There is no “one size fits all” policy, so the only real way to find cheap insurance rates for your Chevrolet is to do your own rate comparisons.

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The specific model of Traverse tends to have a direct effect on the cost of coverage, so the rate you will pay to insure a Traverse LS 2WD model will be $90 lower than the price to insure the higher-end Traverse LTZ AWD model, as shown in the chart below.

Table data assumes married female driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Oklahoma minimum liability limits. Discounts applied include multi-vehicle, homeowner, safe-driver, claim-free, and multi-policy. Rates do not factor in vehicle garaging location which can affect auto insurance rates significantly.

How to find a good Oklahoma insurance company

Ending up with the top insurer can be rather challenging considering how many different companies sell coverage in Oklahoma. The rank data displayed below can help you choose which car insurance providers to look at when looking for cheaper rates. The ratings below include large, nationwide insurance companies, so companies without a large exposure will not be included in the list.

Top 10 Major Auto Insurers Overall in Oklahoma

1. Travelers
2. USAA
3. Mercury Insurance
4. AAA Insurance
5. Nationwide
6. Allstate
7. State Farm
8. The Hartford
9. Safeco Insurance
10. Progressive

Top Companies for Chevrolet Traverse Insurance in Oklahoma

Rate comparison of full coverage and liability-only

Finding the cheapest insurance for a Chevrolet Traverse in Oklahoma is probably important to the majority of vehicle owners, and one of the fastest ways to reduce the cost of insurance is to not buy full coverage. The illustration below shows the comparison of car insurance rates when comparing full coverage to liability only. The prices are based on no violations or claims, $500 deductibles, marital status is single, and no discounts are factored in.

If averaged for all ages, physical damage insurance costs $2,352 per year over and above liability coverage. That touches on the question when is it a good idea to stop buying full coverage. There is no set rule for eliminating full coverage on your policy, but there is a broad guideline. If the yearly cost of full coverage is about 10% or more of the settlement you would receive from your company, the it may be a good time to stop paying for full coverage.

There are some scenarios where eliminating full coverage is not advised. If you still have a lienholder on your title, you are required to maintain full coverage to satisfy the loan requirements. Also, if your finances do not allow you to purchase a different vehicle if your current one is in an accident, you should not opt for liability only.

Is Allstate, State Farm, Geico, or Progressive cheaper?

When shopping for car insurance, the top insurers to get price quotes from are Allstate, State Farm, Geico, and Progressive. Combined they make up over 48% of all policies written in the United States. All offer liability and physical damage insurance, but each one has a distict selection of optional coverages and features that you can choose from. The next table breaks down ratings for price, service, and claims, in additional to some of the optional coverages offered by each one.

How to find cheaper auto insurance for a Chevrolet Traverse

It’s not impossible to find cheaper rates, and here are some of the recommended money-saving solutions that can help Oklahoma drivers buy cheaper coverage.

• Multi-policy discounts save money
• Good credit scores may lower your rates
• Earn a discount by not filing claims
• Get cheaper liability coverage by choosing a safer vehicle
• Do not pay for full coverage on older vehicles
• Increase deductibles to save money
• Compare quotes from other companies often

That last piece of advice is extraordinarily crucial, as was pointed out in this piece. Coverage prices vary greatly, so you should be ready to buy from a new company if you find a better deal.

Sticking with a specific company is fine, but we do not recommend it if that stubbornness costs you a small fortune year after year. Spend a few minutes and compare rates to find cheaper car insurance for a Chevrolet Traverse.

Cheapest Chevrolet Traverse insurance quotes

You have many ways to find affordable insurance in Oklahoma, but the most popular ways are through an exclusive insurance agent like Liberty Mutual or Allstate, an independent insurance agent, or from a direct company like Progressive. All three ways are similar, but it’s important to understand the differences in how they provide price quotes.

Independent insurance agents have contracts with many companies and can compare coverage rates with all of them. These agents can sell policies from many different companies and can get prices from more than one company, which may give you the best chance of saving money. If your agent finds a cheaper company, your agent can just switch to a different company without having to get a different agent.

An agent who is captive is contracted to a single company, two popular examples being an Auto-Owners or State Farm agent. These agents usually cannot give you multiple price quotes, so if rates are not competitive, they cannot give other choices.

The third popular method of shopping for insurance is direct, which means you skip local agents and buy direct either online or via phone. This insurance option can be good for drivers who do not need high amounts of coverage and have a decent understanding of the exclusions of a policy.

Which way works best to find the cheapest insurance for a Chevrolet Traverse in Oklahoma? We’d like to say buying from a direct car insurance company saves money since that eliminates agent commissions, but that generally is not the case. We could also say that an independent agency results in the best rates because they can shop around, but again, it’s not a sure thing. And sometimes, exclusive agencies have price quotes that are the cheapest in Oklahoma.

Since insurance prices vary so much, the one way to ensure the lowest rates is to do a thorough rate comparison. Be sure to get rate quotes from independent agents, exclusive agents, and direct companies to have the best rate selection. A great place to start is our list of online companies offering discounts: click here to view.