Buying cheaper auto insurance for a Chevrolet Traverse is pretty easy for most people to do, but it hinges on many different factors such as whether you are married or single, the size of your vehicle, and any prior driving citations you have received. Drivers in Florida will pay around $1,071 a year for Traverse insurance, but that cost is a valuation calculated using a 50-year-old married female driver with full physical damage coverage and $100 deductibles.
Odds are that you are not 50 years old and maybe not even female, you might be single instead of married, or maybe you have a teenager that needs to be on your policy. Just a very minor change in rating criteria can result in a big discrepancy in the price of a policy.
Car insurance coverage is unique to each driver, so this is why the only real way to find the cheapest insurance price for your Chevrolet is to compare as many rates as possible. Compare rate quotes now and you can get rates from some of the best insurers around.
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The trim level of your Traverse impacts price, so the rate you will pay to insure a Traverse LS 2WD will cost $132 less than the price to insure the high end Traverse LTZ AWD model, as shown below.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Traverse LS 2WD | $276 | $442 | $334 | $20 | $100 | $1,172 | $98 |
| Traverse LS AWD | $312 | $442 | $334 | $20 | $100 | $1,208 | $101 |
| Traverse LT 2WD | $312 | $442 | $334 | $20 | $100 | $1,208 | $101 |
| Traverse LT AWD | $312 | $538 | $334 | $20 | $100 | $1,304 | $109 |
| Traverse LTZ 2WD | $312 | $538 | $334 | $20 | $100 | $1,304 | $109 |
| Traverse LTZ AWD | $312 | $538 | $334 | $20 | $100 | $1,304 | $109 |
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Cost estimates assume married female driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Florida minimum liability limits. Discounts applied include multi-policy, homeowner, multi-vehicle, safe-driver, and claim-free. Price estimates do not factor in the specific area where the vehicle is garaged which can revise price quotes considerably.
Deciding which company quotes the best auto insurance rates for a Chevrolet Traverse takes more time in order to find a policy that fits your budget.
Each insurance company has a different formula to set policy rates, so to begin we’ll rank the auto insurance companies that tend to be cheaper in Florida. It’s a good idea to be aware that Jacksonville, FL auto insurance rates are calculated based on many things that can increase the cost of coverage. Simply having a birthday, getting married, or getting a reckless driving citation can trigger changes in premium that may make certain companies cheaper than others.
Find the Cheapest Auto Insurance for Your Chevy
USAA generally has some of the lowest car insurance rates in Jacksonville at around $957 per year. This is $1,491 less than the average premium paid by Florida drivers of $2,448. Amica, Electric, Progressive, and Mercury are also some of the lowest-priced Jacksonville, FL insurance companies.
As shown in the rates above, if you are currently insured with Electric and switched to USAA, you could realize savings of upwards of $789. Florida drivers with Progressive might save as much as $872 a year, and Mercury insureds might realize rate reductions of up to $957 a year.
It’s important to note that these prices are averaged across all types of insureds and vehicles and and are not figured with a vehicle location for a Chevrolet Traverse. So the car insurance company that is best for you may not even be in the top 21 companies shown above. That’s why you need to get rate quotes using your own driver information and specific vehicle type.
The chart below highlights how deductible selection can impact yearly insurance costs when quoting cheap insurance for a Chevrolet Traverse. Data assumes a married male driver, full physical damage coverage, and no discounts are applied to the premium.
The data above shows that a 50-year-old driver could save $360 a year by switching from a $100 deductible up to a $500 deductible, or save $544 by choosing a $1,000 deductible. Younger drivers, like the Age 20 chart data, could reduce their rates up to $1,196 annually just by choosing higher deductibles when buying full coverage. When insureds make the decision to increase the deductibles on their policy, it is necessary to have enough savings set aside to enable you to pay the extra out-of-pocket expense, which is the main inconvenience of larger deductibles.
Liability only or full coverage
Paying less for auto insurance is probably important to most drivers, and one easy way to buy cheap insurance for a Chevrolet Traverse is to only pay for liability coverage. The illustration below visualizes the comparison of car insurance rates with liability coverage only compared to full coverage. Data assumes no claims or driving violations, $250 deductibles, marital status is single, and no additional discounts are factored in.
If we average the cost for all age groups, physical damage insurance costs an extra $2,468 per year more than just buying liability only. That is a large expense and it proposes the question if you should buy full coverage. There is no exact rule for dropping full coverage on your policy, but there is a guideline you can use. If the annual cost of comprehensive and collision coverage is more than around 10% of the settlement you would receive from your company, then you might consider buying liability only.
Low rates can quickly become overpriced
Florida auto insurance rates are impacted by many things which can substantially decrease or increase the price you have to pay. Simply improving your credit, moving across town, or getting a driving violation may generate price changes that can now make some companies more affordable than others.
In addition to those changes, insurance companies change premium rates every year or even multiple times each year to adjust for unexpected claims or profits. Larger than normal claims may cause higher priced premiums, while a lower level of claims can result in cheaper Traverse insurance rates.
As an example, the chart below shows rates for the cheapest car insurance in Jacksonville, FL for a 30-year-old male driver with no accidents, a clean driving record, and a good credit history. If we estimate prices based on his personal profile, USAA might quote the most affordable car insurance rates in Jacksonville at $1,152 annually. This is $1,296 less than the average premium paid by Florida drivers of $2,448. Electric, Amica, Progressive, and Travelers are also included in the cheapest Jacksonville, FL auto insurance companies.
Now we will pretend the driver from the above example a claim surcharge, bad credit, and a speeding ticket. Since every car insurance company has their own formula to set premium rates, comparing insurance quotes could result in a significantly different list of the cheapest companies as shown below.
USAA now has the best insurance rate in Jacksonville with Mercury, Esurance, State Farm, and GEICO now being in the top five. This shows why consumers need to take the time to spend some time comparing rates when trying to find the most budget-friendly car insurance rates for a Chevrolet Traverse.
Auto insurance prices are impacted by many things and can change without notice, so the cheapest company the last time you checked may now be one of the higher cost companies.
Ideas for finding the cheapest car insurance for a Chevrolet Traverse
The list below details some of the better thrifty ideas that can help drivers buy cheaper coverage.
- Do not get tickets or violations
- Avoid having at-fault accidents
- Safe vehicles generally have lower rates
- Save money by bundling your home and auto policies
- Claim-free drivers earn discounts
- Keep rates low by shopping around frequently
The last item on the list is notably important, as we pointed out in the prior information. Insurance rates in Jacksonville fluctuate constantly, so drivers shouldn’t hesitate to switch carriers if a better deal can be had.
We understand brand loyalty, but it isn’t a good idea if that inflexibility results in costing you a small fortune. It only take a few minutes to compare prices to find cheaper car insurance for a Chevrolet Traverse.
The auto insurance agents in Jacksonville shown below are a good start to help you determine which car insurance company is the best fit, as some drivers aren’t sure which coverage they need and prefer to have some advice when shopping for the best coverage for a Traverse. It can be time-consuming to find the best policy on your own, so getting advice from a licensed agent can provide you peace of mind knowing you have adequate asset protection.
To find an auto insurance agency close to where you live, click the button link following the list.
Kim Lego – State Farm Insurance Agent
13820 Old St Augustine Rd #401 – Jacksonville, FL 32258 – (904) 268-9900
Frye Insurance Agency, Inc.
1851 University Blvd S – Jacksonville, FL 32216 – (888) 812-2985
Allstate Insurance, John Crowell Agency
9700 Philips Hwy #109 – Jacksonville, FL 32256 – (904) 538-9440