Chevy Traverse Insurance – 8 Discounts Consumers are Missing

Are you tired of not being able to afford to insure your Chevy every month? You’re in the same situation as most other car owners.

Because you have many options when it comes to auto insurance, it is very difficult to find the most affordable company.

Finding the best rates is not that difficult. If you currently have a car insurance policy, you will be able to reduce your rates substantially using this information. But vehicle owners must comprehend how big insurance companies market insurance on the web and take advantage of how the system works.

Take these eight discounts and save

Companies that sell car insurance don’t always list all available discounts very clearly, so we break down both well-publicized and also the lesser-known auto insurance savings.

  • Resident Student – Youth drivers living away from home attending college and do not have access to a covered vehicle can receive lower rates.
  • Low Mileage Discounts – Fewer annual miles on your Chevy can qualify you for lower rates on the low mileage vehicles.
  • Multiple Policy Discount – When you combine your home and auto insurance with the same insurance company you may save at least 10% off all policies.
  • Use Seat Belts – Drivers who require all occupants to wear their seat belts can save 10% or more off your medical payments premium.
  • Payment Discounts – If you pay your entire premium ahead of time rather than paying monthly you may reduce your total bill.
  • Multiple Vehicles – Buying insurance for multiple vehicles on one policy could earn a price break for each car.
  • Memberships – Being a member of a qualifying organization may earn a discount when buying auto insurance for Traverse coverage.
  • Defensive Driving Course – Completing a defensive driving course could save 5% or more and easily recoup the cost of the course.

Consumers should know that most discount credits are not given to the entire policy premium. Most only apply to the price of certain insurance coverages like physical damage coverage or medical payments. So even though it sounds like all the discounts add up to a free policy, auto insurance companies aren’t that generous.

To choose insurance companies with discount auto insurance rates, click here.

Don’t I need to talk to an agent?

Some consumers would rather talk to a local agent and that is just fine! The biggest benefit of comparing insurance prices online is the fact that you can find lower rates but also keep your business local.

Upon completion of this short form, the coverage information is transmitted to local insurance agents who will compete for your coverage. There is no need to leave your house since price quotes are sent to the email address you provide. How’s that for easy! You can find the lowest rates AND a local agent.

Choosing a company needs to be determined by more than just the premium amount. Agents should be asked these questions:

  • Which insurance companies are they affiliated with?
  • Which members of your family are coverage by the policy?
  • Can glass repairs be made at your home?
  • If they are an independent agency, which companies do they recommend?
  • Do they have any clout with companies to ensure a fair claim settlement?
  • If you have an accident, are you able to get your vehicle repaired at the shop of your choice?

What types of car insurance agents are there?

When researching an insurance agent, you need to know there are two different types of agents that differ in how they can insure your vehicles. Agents are either captive or independent.

Captive Insurance Agents

Captive agencies are contracted to one company and some examples include Farmers Insurance or State Farm. They generally cannot give you multiple price quotes so always compare other rates. They are trained well in insurance sales which helps them compete with independent agents.

Independent Agencies or Brokers

Independent agents are not required to write business for one company but instead can place your coverage amongst many companies depending on which coverage is best. To move your coverage to a new company, the agent simply finds a different carrier and you won’t have to switch agencies. car insurance quote

When comparing rates, it’s a good idea to include multiple independent agents for the best price selection.

For a complete listing of agencies, visit this site.

After receiving satisfactory answers to all your questions in addition to an acceptable price estimate, you may have just found an insurance agent that will service your policy.

The auto insurance bait and switch

Auto insurance companies such as Allstate, GEICO and Progressive continually stream television and radio advertisements. They all seem to say the same thing that you’ll save big after switching to them. How does each company make almost identical claims?

All companies have a preferred profile for the right customer they prefer to insure. For example, a driver they prefer could be between the ages of 40 and 55, is a homeowner, and drives newer vehicles. A driver who matches those parameters will qualify for the lowest rates and is almost guaranteed to save a lot of money.

Drivers who don’t measure up to this ideal profile will be quoted higher rates which usually ends up with the driver buying from a lower-cost company. Company advertisements say “people who switch” not “everyone that quotes” save money. That’s the way companies can advertise the way they do. This emphasizes why drivers should get as many comparisons as possible. You cannot predict which company will fit your personal profile best.

Auto insurance coverage options for a Chevy Traverse

Having a good grasp of your policy can help you determine the best coverages for your vehicles. The coverage terms in a policy can be impossible to understand and even agents have difficulty translating policy wording. Listed below are typical coverage types available from auto insurance companies.

Medical expense coverage – Med pay and PIP coverage pay for expenses like X-ray expenses, chiropractic care, prosthetic devices and funeral costs. They can be used to cover expenses not covered by your health insurance program or if there is no health insurance coverage. They cover both the driver and occupants and also covers if you are hit as a while walking down the street. Personal Injury Protection is not an option in every state and may carry a deductible

Liability coverages – This protects you from damage that occurs to people or other property. It protects YOU from legal claims by others, and does not provide coverage for your injuries or vehicle damage.

Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have liability limits of 50/100/50 that means you have a $50,000 limit per person for injuries, $100,000 for the entire accident, and a total limit of $50,000 for damage to vehicles and property.

Liability can pay for things like court costs, bail bonds and repair bills for other people’s vehicles. How much liability coverage do you need? That is your choice, but it’s cheap coverage so purchase higher limits if possible.

Uninsured or underinsured coverage – Your UM/UIM coverage protects you and your vehicle from other motorists when they either are underinsured or have no liability coverage at all. This coverage pays for hospital bills for your injuries as well as your vehicle’s damage.

Due to the fact that many drivers have only the minimum liability required by law, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is important protection for you and your family.

Comprehensive protection – Comprehensive insurance covers damage that is not covered by collision coverage. You first must pay your deductible and then insurance will cover the rest of the damage.

Comprehensive insurance covers claims such as hitting a bird, theft, vandalism, a broken windshield and damage from flooding. The maximum amount a auto insurance company will pay at claim time is the actual cash value, so if the vehicle is not worth much consider dropping full coverage.

Collision coverage – Collision coverage will pay to fix damage to your Traverse resulting from a collision with another vehicle or an object, but not an animal. You will need to pay your deductible and then insurance will cover the remainder.

Collision can pay for claims such as crashing into a building, hitting a mailbox, hitting a parking meter and damaging your car on a curb. Collision coverage makes up a good portion of your premium, so consider dropping it from vehicles that are 8 years or older. It’s also possible to bump up the deductible to bring the cost down.

Compare but don’t skimp

When trying to cut insurance costs, it’s a bad idea to buy poor coverage just to save money. In many cases, an accident victim reduced collision coverage and learned later that the small savings ended up costing them much more. The aim is to buy the best coverage you can find at an affordable rate, not the least amount of coverage.

We just presented many ideas to compare Chevy Traverse insurance prices online. The key thing to remember is the more you quote, the higher the chance of saving money. Consumers may even find the lowest rates come from a lesser-known regional company. Regional companies can often insure niche markets at a lower cost than the large multi-state companies such as Allstate, GEICO and Progressive.