Who Has the Cheapest Insurance Quotes for a Chevrolet Traverse in Delaware?

Your chances of buying the cheapest insurance for a Chevrolet Traverse in Delaware is dependent upon many rating criteria such as miles driven annually, whether or not you have prior claims, and the deductible amount you use. Delaware drivers pay approximately $860 a year to buy insurance for a Chevrolet Traverse, but that cost is based on a 50-year-old married male driver that wants full coverage including both comprehensive and collision and $500 physical damage deductibles.

There is a high probability that you are not a 50-year-old male, maybe you are single instead of married, and maybe your credit level is not the same as what was rated. Auto insurance is unique to each driver, so the only real way to find the cheapest insurance price for your Chevrolet is to start the habit of comparing rates at least once a year.

Cheapest Chevrolet Traverse Insurance Rates

Your vehicle’s trim level impacts price, so the price you will be charged to insure a Traverse LS 2WD trim level will cost $90 less than the cost to insure the higher-end Traverse LTZ AWD model, as demonstrated by the prices below.

Data variables include married male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Delaware minimum liability limits. Discounts applied include safe-driver, multi-policy, multi-vehicle, homeowner, and claim-free. Premium amounts do not factor in specific zip code location which can affect coverage rates greatly.

Insuring your vehicle with the highest-rated car insurance provider is hard considering how many different companies there are to choose from in Delaware. The ranking data listed below can help you analyze which car insurance providers to look at when shopping your coverage around.

The rankings below include insurance companies that insure vehicles in the majority of U.S. states, so companies with more of a regional focus are not factored into these rankings. To get price quotes from the most competitive companies in Delaware, click here.

Difference between liability only and full coverage rates

Finding the cheapest insurance for a Chevrolet Traverse in Delaware is important to most people, and a great way to pay lower rates for insurance is to not pay for full coverage. The diagram below compares insurance rates with full coverage and liability only. Data assumes a clean driving record, no at-fault accidents, $100 deductibles, single status, and no other discounts are factored in.

Averaged out for all age groups, comp and collision coverage costs an additional $2,638 per year more than carrying just liability coverage. That amount may make you wonder when is the right time to remove full coverage. There is no definitive rule to exclude physical damage insurance, but there is a general convention. If the yearly cost for physical damage coverage is more than about 10% of the vehicle’s replacement cost less your deductible, then you may want to consider only buying liability coverage.

For example, let’s say your vehicle’s claim settlement value is $7,500 and you have $1,000 physical damage deductibles. If your vehicle is totaled in an accident, the most you would receive is $6,500 after paying the physical damage deductible. If you are currently paying more than $650 annually for physical damage coverage, then it might be time to buy liability only.

Driving violations and accidents

In a perfect world, the ideal way to obtain good car insurance prices for a Traverse is to drive carefully and avoid accidents and traffic citations. The information below demonstrates how citations and at-fault accidents impact yearly insurance costs for different age groups. The rates are based on a single female driver, comprehensive and collision coverage, $1,000 deductibles, and no policy discounts are applied.

The data above shows the average cost of an auto insurance policy in Delaware per year with no violations or accidents is $1,682. Receive two speeding tickets and the average cost increases to $2,240, an increase of $559 each year. Now throw in one accident along with the two speeding tickets and the annual cost of car insurance for a Chevrolet Traverse jumps again to an average of $2,793. That’s an increase of $1,112, or $93 per month, just for not driving responsibly!

How to find economical auto insurance for a Chevrolet Traverse

The list below summarizes many money-saving suggestions that can help drivers buy cheaper coverage.

• Raise deductibles
• Clean up your credit
• Maintain a safe distance and avoid accidents
• Do not get traffic citations
• Lower rates by purchasing a safer vehicle
• Keep rates low by shopping around frequently

That last piece of advice is particularly significant, as was pointed out in the article above. Car insurance rates change constantly, so drivers shouldn’t hesitate to change insurance companies if a cheaper price is available.

Brand loyalty is not necessarily bad, but we do not recommend it if that inflexibility results in costing you thousands of dollars over the life of your policy. Now is a great time to compare rates and find cheaper insurance for a Chevrolet Traverse.

State Farm, Allstate, Progressive, and Geico: Who is cheapest?

When it comes to car insurance, the four most popular companies are State Farm, Allstate, Progressive, and Geico. All offer your standard physical damage and liability coverages, but each one has a distinct set of features and optional coverages that you can choose from. The next table compares ratings for price, service, and claims, in additional to some of the optional coverages that may be available in your state.