Who Has Cheap Insurance for a Chevrolet Traverse in Tennessee?

Whenever people write about car insurance, the words cheap or affordable should never be used anywhere in the article as a descriptor for car insurance rates. Please forgive the oxymoron, but cheap auto insurance for a Chevrolet Traverse is not easy to find. But don’t let that discourage you, because we are going to show you how you can find coverage that is easier on your budget.

Your chances of finding the best cheap coverage for a Chevrolet Traverse in Tennessee is dependent upon a very complex rating algorithm that uses multiple factors like the number of years you have been driving, where you live, and any past driving violations you may have had. Drivers in Tennessee pay on average $720 every 12 months to insure their Traverse, but that cost is based on a 50-year-old single male driver that included full comprehensive and collision coverage and $500 policy deductibles.

When estimating a car insurance rate like we just did, the issue is that you are not exactly 50 years old and possibly not even male, married instead of single, or maybe you have a speeding ticket that needs to be factored in. Each driver’s needs are different, and that demonstrates why the only way to find affordable rates for your Chevrolet is to make a habit of comparing prices at least once a year. In less than five minutes you will receive price comparisons from the cheapest companies that offer coverage in Tennessee.

Find Cheaper Chevrolet Traverse Insurance

Vehicle trim level will have an impact the annual cost of coverage, so the rate you will pay to insure a Traverse LS 2WD trim level will be $76 lower than the insurance cost for the higher-end Traverse LTZ AWD version, as shown by the rates below.

Table data assumes single male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Tennessee minimum liability limits. Discounts applied include claim-free, multi-policy, safe-driver, multi-vehicle, and homeowner. Table data does not factor in zip code location which can change rates substantially.

Comparing quotes for low-priced auto insurance is challenging, and finding out which insurers offer the most affordable insurance rates for a Chevrolet Traverse will require even more work. Every insurance company uses a slightly different approach to determine premium rates, so let’s begin by examining the overall cheapest insurance companies in Tennessee.

It’s important to know that Tennessee insurance rates are influenced by many factors that can increase the cost of coverage. Price variation is why Tennessee drivers need to compare many different companies when trying to get the cheapest insurance rates for a Chevrolet Traverse. Rates are determined by many factors and change substantially, so the cheapest company six months ago may now be priced much higher than other options.

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Utica National may offer some of the cheapest car insurance rates in Tennessee at around $744 per year. Auto-Owners, Cincinnati Insurance, Penn National, and USAA also are some of the more affordable Tennessee insurance companies.

As the rates illustrate above, if you are insured with Cincinnati Insurance and switched to Utica National, you may see a yearly savings of upwards of $140. Customers with Penn National may save as much as $164 a year, and USAA insureds might reduce prices by as much as $175 a year.

Bear in mind that those rates are averages across all types of drivers and the different vehicles they drive and do not take into consideration a specific rate value for a Chevrolet Traverse. So the company that can offer you the best rate may not even be in the above rate chart. That’s why you need to quote rates from as many companies as possible using your own specific driver and vehicle information.

Rate increases following a ticket or accident

In a perfect world, the ideal way to score cheap insurance for a Chevrolet Traverse in Tennessee is to pay attention while driving and avoid accidents and keep your driving record clean. The diagram below demonstrates how speeding tickets and at-fault fender-benders raise auto insurance costs for different insured age categories. The price estimates are based on a single male driver, comp and collision included, $500 deductibles, and no policy discounts are applied.

The data above shows the average cost of car insurance in Tennessee per year with a clean driving record and no accidents is $1,394. Factor in one speeding ticket and the average cost jumps to $1,572, an increase of $177 each year. Next add one accident along with the one speeding ticket and the yearly cost of insurance for a Chevrolet Traverse goes up to an average of $2,057. That’s an increase of $663, or $55 per month, just for being a less-than-perfect driver!

Does it make sense to buy full coverage?

Finding cheap insurance for a Chevrolet Traverse in Tennessee is important to most vehicle owners, and one great way to find cheap insurance is to buy liability only. The diagram below shows the difference between insurance costs with full coverage compared to only the Tennessee minimum liability coverage. Data assumes no driving violations, no at-fault accidents, $1,000 deductibles, single status, and no discounts are applied to the premium.

If the expense is averaged for all age categories, full coverage costs an additional $1,339 per year over having just liability coverage. Many people question if paying for full coverage is worth it. There is no specific rule to exclude full coverage on your policy, but there is a general guideline you can use. If the yearly cost of full coverage is about 10% or more of replacement cost minus your deductible, then you might want to think about dropping full coverage.

For example, let’s assume your vehicle’s settlement value is $10,500 and you have $1,000 policy deductibles. If your vehicle is severely damaged, the most your company will settle for is $9,500 after paying your policy deductible. If premiums are more than $950 annually for full coverage, then you may want to consider only buying liability coverage.

How to find cheap insurance for a Chevrolet Traverse in Tennessee

It’s not impossible to find cheaper rates, and here are a few thrifty ideas that can help you quote more affordable coverage.

• Increase your deductibles
• Avoid speeding and other traffic citations and pay less
• Good credit can save money
• Accident-free drivers may qualify for discounts
• Safer vehicles cost less to insure
• Compare rates once a year for cheaper prices

The last suggestion is extremely crucial, as was pointed out in the prior article. Prices in Tennessee change constantly, so drivers shouldn’t be reluctant to change insurance companies if a lower-cost policy is available.

Having brand loyalty is commendable, but we do not recommend it if that inflexibility results in costing you a small fortune year after year. It only takes a couple minutes to compare prices and find cheaper car insurance for a Chevrolet Traverse.

Which auto insurance company is best?

If you are shopping around for insurance for a Traverse in Tennessee, four good companies to start with are Progressive, Allstate, Geico, and State Farm. All four can cover your vehicle for liability and physical damage, but each one has somewhat different options that may influence your buying decision. The following table compares price and claims rank as well as some different options shoppers can find with each company.

Cheapest Chevrolet Traverse insurance quotes

There are a variety of different ways to compare insurance prices in Tennessee, but the most frequently used ways are from a captive (or exclusive) agency like Liberty Mutual or State Farm, an independent or non-exclusive agent, or direct from companies such as Progressive or Geico.

You can use whichever method you prefer, but each is different in how they work.

Independent agents write business for many companies and can provide price quotes from every one. Agents of this type do not write with just one company and can give you more rate choices, which can give you improved chances of finding a lower rate. If a cheaper rate is found, it’s easy for the agent to move the policy and you can keep the same agent.

A captive, or exclusive, agent is only able to quote your policy with a single company, two examples being a Liberty Mutual or State Farm agent. These agents usually cannot provide rates from more than one company, so if rates are not competitive, they cannot shop around.

Consumers who buy insurance direct skip local insurance agents and instead shop direct online or over the phone from a company like Esurance or Geico. Buying direct can be good for families who have little risk and know more than average about the limitations of their policy.

What is the best method for finding cheap insurance for a Chevrolet Traverse in Tennessee? It would be premature to say shopping direct results in the best prices since that eliminates agent commissions, but that is generally not the case. An argument could also be made that using an independent agent guarantees the cheapest rates due to having more companies to select from, but that is not necessarily true either. In many circumstances, exclusive agents may have very competitive prices that independents and direct companies can’t touch.

Since insurance prices are based on many different factors, the best way to ensure you are not overpaying for insurance is to get quotes and compare. Set aside the time to get price quotes all three ways in order to be able to find the lowest price. For a list of companies with online discounts, click here to view.