Cheapest Insurance Quotes for a Chevrolet Traverse in Massachusetts

Since we’re writing about car insurance, the words “affordable” or “cheap” really should not be used anywhere to describe car insurance rates. It’s just reality that cheap auto insurance for a Chevrolet Traverse can be difficult to find. Don’t let that ruin your day, because we are going to show you how you can still find coverage that most people can afford.

Buying cheaper coverage for a Chevrolet Traverse in Massachusetts depends on a complex equation that considers factors such as the mileage of your daily commute, if you are currently insured, and the deductible amount you use. Drivers on average will pay $820 per year to buy insurance for a Chevrolet Traverse, but that cost is an estimation calculated based on a 40-year-old single female driver that includes full comprehensive and collision coverage and $1,000 policy deductibles.

There is a very good chance that you are not a 40-year-old female, you might be married instead of single, or maybe you just want to insure for liability only. Auto insurance is unique to every driver, so the best way to quote affordable rates for your Chevrolet is to start the habit of comparing rates at least once a year.

Cheapest Chevrolet Traverse Insurance Rates

Vehicle trim level has an effect on the insurance rate, so the price you pay to insure a Traverse LS 2WD model will be $74 less than the price to insure the high end Traverse LTZ AWD version, as shown in the chart below.

Table data represents single female driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Massachusetts minimum liability limits. Discounts applied include multi-policy, claim-free, multi-vehicle, homeowner, and safe-driver. Premium amounts do not factor in your specific Massachusetts location which can decrease or increase coverage prices noticeably.

Establishing which company offers the best auto insurance rates for a Chevrolet Traverse takes a little more work in order to find a policy that fits your budget. Each auto insurance company has a proprietary method to determine rates, so let’s examine the lowest cost auto insurance companies in Massachusetts.

Cheapest Insurance Rates for Your Chevy

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State Farm offers some of the most affordable car insurance rates in Massachusetts at around $733 per year. National Grange Mutual, GEICO, Commerce Group, and OneBeacon would also make the list of some of the more affordable Massachusetts car insurance companies.

As shown above, if you currently buy coverage from OneBeacon and switched to National Grange Mutual, you could see a yearly price reduction of about $105. Drivers with Progressive might save as much as $182 a year, and Arbella insureds might lower prices by up to $203 a year.

It’s important to note that these estimates are averaged for all drivers and vehicles in Massachusetts and and are not figured with a specific rate value for a Chevrolet Traverse. So the company that fits your age and vehicle best may not even be shown in the company chart above. That is why you need to get auto insurance quotes using your own individual information.

Rate comparison of full coverage and liability-only

Finding the cheapest insurance for a Chevrolet Traverse in Massachusetts should be important to most people, and one good way to reduce the cost of insurance is to only buy liability coverage. The illustration below compares premium costs with full physical damage coverage compared to only buying liability only. The costs are based on no accidents, no driving violations, $100 deductibles, single marital status, and no discounts are taken into consideration.

As an average, full coverage costs $2,179 per year more than just buying liability only. That brings up the question if buying full coverage is a good investment. There is no exact rule for phasing out physical damage coverage, but there is a general guideline you can use. If the yearly cost of comp and collision coverage is about 10% or more of the replacement cost minus the deductible, then you might consider buying liability only.

For example, let’s say your vehicle’s replacement cost is $10,000 and you have $1,000 deductibles. If your vehicle is damaged in an accident, the most your company would pay you is $9,000 after you pay the deductible. If you are paying more than $900 a year for comprehensive and collision coverage, then it might be time to consider dropping full coverage.

How to get the cheapest insurance for a Chevrolet Traverse in Massachusetts

Below you’ll find some of the better thrifty ideas that can help you buy lower-cost coverage.

• Buy vehicles with five-star safety ratings
• On older vehicles, drop full coverage
• Do not get into accidents that are your fault
• Insure your home and auto with the same company
• Increase your credit score
• Shop around once a year for cheaper rates

That last piece of advice is very crucial, as was pointed out in the prior article. Prices can be modified anytime, so drivers shouldn’t hesitate to buy from a new company if a more affordable price is available.

Being loyal to a particular company is commendable, but it’s not recommended if that inflexibility results in costing you potentially thousands of dollars a year. Now is a great time to compare rates to find cheaper auto insurance for a Chevrolet Traverse.