Who Has the Cheapest Insurance for a Chevrolet Traverse in Minnesota?

Your ability to find the cheapest auto insurance for a Chevrolet Traverse in Minnesota is contingent on a lot of factors such as if you are married or single, if you have maintained coverage continuously, and your choice of deductibles. Drivers on average pay approximately $830 a year to insure a Chevrolet Traverse, but that policy rate is an approximation assuming a 50-year-old married male driver that includes full coverage including both comprehensive and collision and $100 physical damage deductibles.

But there is a high likelihood that you’re not a 50-year-old male, you might be single instead of married, or maybe your driving record isn’t squeaky clean. This shows why your best shot at finding the cheapest rates for your Chevrolet is to do the rate comparisons yourself. Get a free quote now and you can get rates from top-rated companies that insure vehicles in Minnesota.

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The specific trim level will have an impact the yearly cost, so the price you will be charged to insure a Traverse LS 2WD will cost $104 less than the cost to insure the more costly Traverse LTZ AWD version, as shown by the rates below.

Prices based on married male driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Minnesota minimum liability limits. Discounts applied include multi-policy, multi-vehicle, homeowner, safe-driver, and claim-free. Estimates do not factor in specific Minnesota garaging location which can influence auto insurance rates greatly.

Finding the highest-rated company is difficult considering how many different companies there are to choose from in Minnesota. The ranking information shown next can help you pick which car insurance providers you want to consider when trying to find the cheapest insurance for a Chevrolet Traverse.

These rankings are only made up of the largest companies in the United States, so companies that have a smaller presence will not be included in the list. If you’d like to compare prices from these and other competitive companies, simply click here.

Top 10 Major Auto Insurance Providers in Minnesota Ranked by Customer Satisfaction

1. USAA – 92%
2. 21st Century – 88%
3. American Family – 88%
4. Nationwide – 88%
5. State Farm – 88%
6. Progressive – 87%
7. Liberty Mutual – 87%
8. AAA Insurance – 87%
9. The Hartford – 87%
10. Farmers Insurance – 87%

Top 10 Major Auto Insurance Providers in Minnesota Ranked by A.M. Best Rating

1. USAA – A++
2. GEICO – A++
3. Travelers – A++
4. State Farm – A++
5. Esurance – A+
6. Allstate – A+
7. The Hartford – A+
8. Nationwide – A+
9. Progressive – A+
10. The General – A-

Top Companies for Chevrolet Traverse Insurance in Minnesota

Discounts on the cheapest insurance for a Chevrolet Traverse in Minnesota

Insurance companies that offer cheap quotes for a Chevrolet Traverse may provide price discounts that could reduce prices by 40% or more if you qualify. A list of insurance companies and some of their more popular discounts include:

• State Farm may include discounts for passive restraint, good driver, defensive driving training, multiple policy, and accident-free.
• Liberty Mutual offers discounts including newly married, hybrid vehicle, good student, new graduate, preferred payment discount, and newly retired.
• American Family policyholders can earn discounts including early bird, Steer into Savings, good student, TimeAway discount, defensive driver, good driver, and accident-free.
• Progressive has discounts for continuous coverage, online quote discount, online signing, multi-policy, good student, multi-vehicle, and homeowner.
• Farmers Insurance includes discounts for alternative fuel, teen driver, distant student, electronic funds transfer, youthful driver, business and professional, and early shopping.
• Auto-Owners Insurance discounts include air bags, mature driver, multi-policy, anti-lock brakes, good student, student away at school, and paid in full.
• SAFECO may have discounts that include anti-lock brakes, safe driver, homeowner, multi-car, drive less, and accident prevention training.

The diagram below shows the difference between car insurance rates with and without discounts. The premiums are based on a male driver, no tickets, no at-fault accidents, Minnesota state minimum liability limits, comprehensive and collision coverage, and $500 deductibles. The first bar for each age group shows insurance cost with no discounts. The second bar shows the rates with multiple policy, passive restraint, accident-free, safe-driver, multiple vehicle, and claim-free discounts applied. When discounts are factored in, the the amount saved on insurance for a Chevrolet Traverse is 27% or $429.

A good deal can quickly turn bad

Minnesota insurance rates are based on many factors that may substantially change the cost of coverage. Simply improving your credit, buying a different vehicle, or getting a ticket for running a stop sign can trigger price changes resulting in some rates now being cheaper in comparison to the competition. Also, insurance companies amend premium rates every year or even multiple times each year to adjust for unexpected claims or profits. Significantly higher claims can cause more expensive prices, while profitable underwriting may produce lower-cost Traverse insurance rates.

To illustrate this point, the bar chart below shows a variety of companies that have the cheapest car insurance in Minnesota for a 40-year-old male driver with a clean driving record, no accidents, and solid credit. If we estimate rates based on his current rating profile, Travelers has the best car insurance rates in Minnesota at $661 annually. This is $760 less than the average rate paid by Minnesota drivers of $1,421. Farm Bureau Mutual, USAA, The Hartford, and Western National are the remaining top five cheapest Minnesota auto insurance companies.

The next chart shows rates after we give the driver from the first rate comparison some claims, bad credit, and a blemish on his driving record. Because each company has their own formula to set policy rates, comparing prices may now result in a different list of companies as shown below.

USAA now has the cheapest rate in Minnesota with Allied, Farm Bureau Mutual, State Farm, and California Casualty now rounding out the top five. This example demonstrates why consumers need to do a thorough rate comparison to find the lowest car insurance rates for a Chevrolet Traverse. Auto insurance prices are impacted by many different factors and change dramatically, so the best option when you bought your policy may now cost much more than other companies.

Find the cheapest insurance for a Chevrolet Traverse in Minnesota

The list below summarizes some of the recommended penny-pinching ideas that can help drivers buy more affordable car insurance.

• Buy your homeowners policy from the same company as your auto insurance
• Having at-fault accidents will increase rates
• Pay less by remaining claim-free
• Be a cautious driver
• Lower rates by purchasing a safer vehicle
• Compare rates regularly and switch companies to save money

The last idea is highly significant, as was pointed out in the article above. Prices in Minnesota fluctuate constantly, so don’t be tentative to change insurance companies if you find a better deal.

Staying with the same company for years is fine, but is isn’t recommended if that loyalty results in overpaying big bucks every year. If you have a few minutes, compare prices to find cheaper car insurance for a Chevrolet Traverse.