Cheap Insurance for a Chevrolet Traverse in Vermont

Our staff writers always rib each other than when writing about car insurance, the word “cheap” really should not be used anywhere in the article as a descriptor for auto insurance rates. It’s a simple fact that cheap car insurance for a Chevrolet Traverse may be a thing of the past. But don’t despair, because we are going to tell you how you can find and buy auto insurance that is cheaper than your current rate.

The likelihood of finding the cheapest insurance for a Chevrolet Traverse in Vermont hinges on a large number of rating criteria such as if you have purchased a home, whether or not you have prior claims, and if you have tickets or violations. Drivers in Vermont on average will pay $580 per year for Traverse insurance, but that cost is an approximation based on rates for a 30-year-old single male that included full coverage including both comprehensive and collision and $1,000 deductibles.

There is a good possibility you are not 30 and maybe not even a male, possibly married instead of single, or you need different deductibles. Even a slight change in rating criteria could end up in a significant change in rate quotes.

Auto insurance is not the same for everyone, so the only real way to find affordable rates for your Chevrolet is to just compare rates yourself. It’s really quite easy you will be able to compare rates from the best companies that offer coverage in Vermont.

Save Now on Traverse Insurance

The trim level of your vehicle tends to have a direct effect on the insurance rate, so the rate you will pay to insure a Traverse LS 2WD trim level will be $50 less than the cost to insure the more costly Traverse LTZ AWD model, as shown below.

Price data assumes single male driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Vermont minimum liability limits. Discounts applied include claim-free, multi-vehicle, multi-policy, safe-driver, and homeowner. Estimates do not factor in specific location which can lower or raise premium rates significantly.

Selecting the right auto insurance provider is difficult considering how many companies sell insurance in Vermont. The company information shown below could help you decide which coverage providers to look at purchasing coverage from. These ratings include the largest companies in America, so smaller regional companies are not taken into consideration for the list.

Top 10 Major Car Insurance Companies in Vermont Ranked by Claims Service

1. Progressive
2. USAA
3. Liberty Mutual
4. GEICO
5. State Farm
6. Nationwide
7. The General
8. Allstate
9. The Hartford
10. 21st Century

Top 10 Major Car Insurance Companies Overall in Vermont

1. The General
2. The Hartford
3. Progressive
4. Travelers
5. State Farm
6. Farmers Insurance
7. Safeco Insurance
8. USAA
9. GEICO
10. 21st Century

Top Companies for Chevrolet Traverse Insurance in Vermont

Rate difference between full and liability-only coverage

Finding cheap insurance for a Chevrolet Traverse in Vermont is probably important to most drivers, and a good way to save on the cost of insurance is to only buy liability insurance. The illustration below illustrates the difference between annual premium costs with full phyical damage coverage and with liability coverage only. The price estimates are based on no claims, a clean driving record, $100 deductibles, single status, and no discounts are applied to the premium.

Averaged for all age groups, physical damage coverage on your policy costs $1,403 per year more than just insuring for liability. That is a large expense and it proposes the question when is the right time to remove full coverage. There is no set guideline for excluding physical damage coverage, but there is a general guideline you can use. If the annual cost of your full coverage insurance is about 10% or more of the vehicle’s replacement cost less your deductible, then it could be time to drop full coverage.

There are some circumstances where dropping physical damage coverage is not in your best interest. If you still owe money on your vehicle, you have to maintain full coverage as part of the loan conditions. Also, if you don’t have enough money to buy a different vehicle if your current one is in an accident, you should not consider dropping full coverage.

Reckless driving habits raise car insurance rates

The easiest way to score cheap insurance for a Chevrolet Traverse in Vermont is to drive safe and avoid at-fault accidents and violations. The example below illustrates how traffic citations and fender-benders raise insurance prices for each different age group. The premiums are based on a married male driver, full coverage, $500 deductibles, and no discounts are applied.

The data in the chart shows the average cost of auto insurance in Vermont per year with no accidents or violations is $984. Get written up for two speeding tickets and the average cost rises to $1,352, an increase of $368 each year. Now include two accidents along with the two speeding tickets and the yearly cost of car insurance for a Chevrolet Traverse increases to an average of $2,759. That’s an increase of $1,775, or $148 per month, just for not maintaining a clean driving record!