Cheap Insurance for a Chevrolet Traverse in Montana

Cheap Insurance for a Chevrolet Traverse in Montana

Anytime the topic is car insurance, the words “cheap” or “affordable” should never be used anywhere in the article as a descriptor for auto insurance rates. Unfortunately, cheap car insurance for a Chevrolet Traverse is almost non-existent. Don’t let that discourage you, because we are going to show you how you can still find coverage that doesn’t cost an arm and a leg.

The chances that you’ll find the cheapest coverage for a Chevrolet Traverse in Montana depends on a pretty complex algorithm that uses a lot of factors like whether you are married, your address, and if you have tickets or violations. Drivers pay approximately $1,520 per year to buy Chevrolet Traverse insurance, but that amount is a projection based upon a 50-year-old married male who purchased full physical damage coverage and $100 physical damage deductibles.

When estimating a car insurance rate like we just did, the issue is that you are not 50 years old and maybe not even male, possibly single instead of married, or maybe you have a violation on your driving record. What people think is a minor change in rating factors or requested coverage amount may result in a big change in the cost of insurance.

The different assumptions illustrate why the most reliable method for finding cheap car insurance rates for your Chevrolet is to do a thorough rate comparison.

Insure Your Chevrolet for Less

The trim level of your vehicle will be a contributing factor to price, so the price you will pay to insure a Traverse LS 2WD trim level will cost $186 less than the price to insure the more costly Traverse LTZ AWD model, as shown below.

Chevrolet Traverse Insurance Rates in Montana
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Traverse LS 2WD $390 $630 $472 $28 $142 $1,662 $139
Traverse LS AWD $440 $630 $472 $28 $142 $1,712 $143
Traverse LT 2WD $440 $630 $472 $28 $142 $1,712 $143
Traverse LT AWD $440 $766 $472 $28 $142 $1,848 $154
Traverse LTZ 2WD $440 $766 $472 $28 $142 $1,848 $154
Traverse LTZ AWD $440 $766 $472 $28 $142 $1,848 $154
Get Your Own Custom Quote Go

Data rating is based on married male driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Montana minimum liability limits. Discounts applied include homeowner, multi-vehicle, claim-free, multi-policy, and safe-driver. Rate quotes do not factor in vehicle location which can influence premium rates noticeably.

Insuring your vehicle with the top car insurance company is hard considering how many companies sell insurance in Montana. The rank data displayed below can help you choose which companies you want to consider when shopping around. The rankings below include the largest companies in the United States, so smaller companies that only insure vehicles in Montana are not taken into consideration for the list.

Top 15 Insurance Companies for a Chevrolet Traverse
Company Value Customer Service Claims Customer Satisfaction A.M Best Rating Overall Score
USAA 98 100 100 94% A++ 98.6
American Family 98 89 100 86% A 95.4
State Farm 88 93 96 90% A++ 92.4
The Hartford 94 92 90 89% A+ 91.7
AAA Insurance 88 89 95 91% A 91.2
GEICO 84 93 93 89% A++ 90.3
The General 89 91 89 88% A- 90
Progressive 84 91 93 87% A+ 89.5
Allstate 85 90 92 88% A+ 89.3
Nationwide 87 88 84 90% A+ 88.7
Liberty Mutual 84 87 93 88% A 88.5
21st Century 85 86 87 88% A 86.7
Esurance 85 80 95 87% A+ 85.9
Safeco 85 85 85 86% A 85.8
Travelers 80 87 87 83% A++ 85.2
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Data Source: Insure.com Best Car Insurance Companies

Should you buy full coverage?

Finding cheap insurance for a Chevrolet Traverse in Montana is important to most drivers, and one way to find cheaper insurance is to not insure for full coverage. The diagram below illustrates the comparison of car insurance costs with liability coverage only compared to full coverage. The price estimates are based on no accidents or driving violations, $1,000 deductibles, drivers are single, and no other discounts are factored in.

Averaged for all ages 20 through 70, full coverage on your policy costs $2,506 per year more than carrying just liability coverage. At some point, about every driver wonders if full coverage is worth the money. There is no clear-cut formula of when to exclude comp and collision coverage, but there is a general school of thought. If the yearly cost of comp and collision coverage is more than 10% of the vehicle’s replacement cost less your deductible, then it could be time to drop full coverage.

For example, let’s assume your vehicle’s book value is $5,500 and you have $1,000 policy deductibles. If your vehicle is destroyed, you would only receive $4,500 after paying your policy deductible. If it’s costing you more than $450 annually for comprehensive and collision coverage, the it may be a good time to stop paying for full coverage.

Company comparison: Geico vs Allstate vs Progressive vs State Farm

When researching insurance for a Traverse in Montana, four companies you’ll want quotes from are Geico, Allstate, Progressive, and State Farm. They all offer a distinct set of features and optional coverages that policyholders can choose from. The following table ranks pricing and service ratings, plus some optional coverages offered by each company.

Comparison of Top U.S. Car Insurance Companies
Geico Allstate Progressive State Farm
Client Satisfaction 1st 2nd 3rd 4th
Claims Handling 3rd 1st 4th 2nd
Overall Price 1st 4th 3rd 2nd
Discounts Available 2nd 1st 4th 3rd
Recommend by customers 87% 86% 88% 88%
Accident forgiveness coverage Yes Yes Yes No
Mechnical breakdown Yes No Yes No
Coverage for ridesharing Yes Yes Yes Yes
Roadside service Yes Yes Yes Yes
New car replacement No Yes No No
Usage-based rating No Yes Yes Yes
Where to buy From a Geico agent or online Only buy from Allstate agents Online or from independent agents State Farm-only agents
Number of agents 150+ 11,000+ 30,000+ 18,000+
Compare Prices Go

How to get cheap insurance for a Chevrolet Traverse in Montana

It is possible to find better rates, and here are some of the recommended thrifty solutions that can help you quote cheaper coverage.

  • Do not get tickets or violations
  • Vehicles with safetly features generally cost less to insure
  • Drivers with good credit ratings often pay less
  • Older vehicles may not need full coverage
  • Raise deductibles to save money
  • At-fault accidents can raise rates significantly
  • Ensure you have the best deal by shopping around regularly

The last suggestion is certainly valuable, as we pointed out in the prior information. Auto insurance prices in Montana adjust frequently, so don’t be unwilling to switch carriers if a cheaper rate is available.

Many consumers stick with the same company and that’s fine, but we do not recommend it if that devotedness results in you overpaying thousands of dollars over the life of your policy. It only takes a couple minutes to compare rates to find cheaper insurance for a Chevrolet Traverse.