Cheap Insurance Quotes for a Chevrolet Traverse in Arizona

We always joke that when we write about auto insurance, the word affordable really shouldn’t be used anywhere in the article to describe car insurance prices. It’s a simple fact that cheap car insurance for a Chevrolet Traverse is not always easy to find. Don’t let that spoil your day, because we will show you how you can still get coverage that is more budget-friendly.

Your chances of finding cheap auto insurance for a Chevrolet Traverse in Arizona is contingent on a whole bunch of factors such as how you use your vehicle, your profession, and the level of deductible you choose. Drivers pay around $900 each year to buy Chevrolet Traverse insurance, but that rate is an approximation using a 50-year-old single female that wants full coverage including both comprehensive and collision and $100 deductibles.

If we were betting, you’re not a 50-year-old female, married instead of single, or maybe your Traverse is a different trim level than the example. Each driver’s needs are different, and that demonstrates why the only way to find cheap insurance rates for your Chevrolet is to quote often and with as many companies as possible. Comparing quotes is easy and you will receive prices from some of the most affordable companies that insure vehicles in Arizona.

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Your Chevrolet’s trim level will have an impact price, so the price you will pay to insure a Traverse LS 2WD model will be $108 lower than the insurance cost for the higher-priced Traverse LTZ AWD version, as shown below.

Prices based on single female driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Arizona minimum liability limits. Discounts applied include multi-vehicle, safe-driver, claim-free, homeowner, and multi-policy. Prices do not factor in vehicle garaging location which can affect premium rates significantly.

Determining which company offers the most affordable car insurance rates for a Chevrolet Traverse involves a tad more effort than just comparing a company or two. Every insurance company has their own formula for determining prices, so let’s take a look at the car insurance companies with the overall cheapest rates in Arizona.

It’s important to know that Arizona car insurance rates are calculated based on many things that control the price you pay for coverage. Simply having a birthday, buying a different vehicle, or getting a few speeding tickets can cause premium changes that may make certain companies cheaper than before.

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The Hartford quotes some of the best car insurance rates in Arizona at around $845 per year. Safeco, Auto-Owners, Travelers, and USAA also are some of the best Arizona car insurance companies.

In this example, if you currently have a policy with Safeco and switched to The Hartford, you might see a yearly price reduction of in the vicinity of $78. Drivers with Auto-Owners could save as much as $79 a year, and Travelers insureds might cut rates by $230 a year.

Be aware that those premium estimates are averaged across all ages of drivers and types of vehicles and do not take into consideration a specific rate value for a Chevrolet Traverse. So the auto insurance company that fits your age and vehicle best may not even be shown in the company chart above. That point stresses why you need to compare rates from as many companies as possible using your own individual information.

Does full coverage make sense?

Finding cheap insurance for a Chevrolet Traverse in Arizona is the goal of the majority of vehicle owners, and one easy way to find cheaper insurance is to not buy comprehensive and collision coverage. The chart below illustrates the difference between insurance premiums with full physical damage coverage compared to only buying the minimum liability limits required in Arizona. The price estimates are based on no claims or violations, $500 deductibles, drivers are single, and no discounts are factored in.

If averaged out across all ages, physical damage coverage on your policy costs an additional $1,581 per year over and above liability only. A very common question is when is it a good idea to stop buying full coverage. There is no clear-cut rule of when to exclude comp and collision coverage, but there is a guideline you can use. If the annual cost of your full coverage insurance is more than around 10% of the vehicle’s replacement cost less your deductible, then it’s probably a good time to buy liability coverage only.

For example, let’s say your vehicle’s replacement cost is $11,000 and you have $1,000 deductibles. If your vehicle is totaled in an accident, the most you would receive is $10,000 after you pay the deductible. If you are paying in excess of $1,000 a year for physical damage coverage, then it’s probably a good time to buy liability coverage only.

There are a few cases where only buying liability is not recommended. If you still owe money on your vehicle, you have to maintain full coverage in order to satisfy the requirements of the loan. Also, if you can’t afford to buy a different vehicle in the event your current vehicle is totaled, you should maintain full coverage.

The information below demonstrates how deductibles can impact insurance costs when trying to find cheap insurance for a Chevrolet Traverse. The data assumes a single male driver, full physical damage coverage, and no discounts are factored in.

As shown above, a 50-year-old driver could lower their policy premium by $304 a year by switching the physical damage coverage from a $100 deductible to a $500 deductible, or save $462 by switching to a $1,000 deductible. Younger drivers, such as the Age 20 example, have the ability to save as much as $996 or even more just by choosing higher deductibles. When raising deductibles, it will now be necessary to have plenty of money set aside to allow you to pay the extra out-of-pocket expense. That is the one disadvantage of using higher deductibles.

How to find low-cost insurance for a Chevrolet Traverse

The list below summarizes some penny-pinching suggestions that can help Arizona drivers locate cheaper coverage.

• Home or renters coverage can save on auto insurance
• Buy vehicles with good safety ratings
• Don’t have frequent claims
• Full coverage is expensive so only insure older vehicles for liability only
• Improve your credit
• Raise physical damage deductibles
• Look for cheaper rates once a year by shopping around

The last idea is notably valuable, as was stressed in the prior article. Coverage rates adjust often, so drivers shouldn’t hesitate to change to a new company if a cheaper rate is available.

Being loyal to a particular company is commendable, but it isn’t a good idea if that loyalty results in overpaying hundreds of dollars a year. Take a couple minutes and shop around to find cheaper auto insurance for a Chevrolet Traverse.

Allstate, Geico, Progressive, or State Farm: Who is best?

If you’re looking for the cheapest auto insurance, probably the best companies to start with are Allstate, Geico, Progressive, and State Farm. When added together, they insure nearly half of the entire U.S. market share. The data below illustrates some of the different options and features that are available for customers.