How Much is Insurance for a Chevrolet Traverse in North Carolina?

The likelihood of finding the best cheap car insurance for a Chevrolet Traverse in North Carolina depends upon lots of different rating factors like how you use your Traverse, if you have a coverage lapse, and citations or violations on your driving record. Drivers on average will pay $680 each year for Traverse insurance, but that is that uses rate data for a 30-year-old married male that purchased full coverage including both comprehensive and collision and $250 physical damage deductibles.

That rate won’t apply to everyone, because more than likely you may not be 30 years old (or even male), single instead of married, or maybe you just want to insure for liability only. Auto insurance rates are unique for each driver, so the only real way to find cheap insurance prices for your Chevrolet is to do a thorough rate comparison.

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Vehicle trim level tends to have a direct effect on the coverage cost, so the price you pay to insure a Traverse LS 2WD will be $84 less expensive the price to insure the higher-end Traverse LTZ AWD version, as demonstrated by the prices below.

Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and North Carolina minimum liability limits. Discounts applied include claim-free, safe-driver, multi-policy, homeowner, and multi-vehicle. Rates do not factor in North Carolina location which can modify rates considerably.

Buying cheap auto insurance is challenging, and figuring out which company quotes the lowest-priced auto insurance rates for a Chevrolet Traverse calls for even more perseverance. Each insurer has a different formula for filing rates in each state, so let’s begin by taking a look at the lowest cost auto insurance companies in North Carolina.

It’s important to know that North Carolina auto insurance rates are impacted by many things that can increase the cost of coverage. Simply getting older, buying a different home, or getting caught speeding may prompt premium changes that can now make some companies way too expensive in comparison to the competition.

Cheapest Insurance Rates for Your Chevy

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Utica National has some of the best car insurance rates in North Carolina at around $643 each year. Progressive, GEICO, Liberty Mutual, and NC Farm Bureau would also be considered some of the lowest-priced North Carolina car insurance companies.

As the example above demonstrates, if you are currently insured with GEICO and switched to Utica National, you could realize a yearly savings of around $77. Insureds with Liberty Mutual may save as much as $85 a year, and NC Farm Bureau policyholders might reduce rates by $94 a year.

It’s important to note that these premiums are averaged across all insureds and vehicles and do not take into consideration a specific rate value for a Chevrolet Traverse. So the auto insurance company that fits your needs best may not even be shown in the chart above. That illustrates why you need to get auto insurance quotes using your own personalized driver profile and vehicle information.

Discount North Carolina insurance

Insurance companies that offer cheap insurance for a Chevrolet Traverse in North Carolina may also offer price discounts that could reduce prices by 25% or more if you are eligible. A few of the larger companies and some of their more popular discounts are outlined below.

The chart below shows the comparison of yearly insurance costs with and without discounts applied to the rates. The premium estimates are based on a female driver, no accidents, no driving violations, North Carolina state minimum liability limits, full physical damage coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second bar shows the rates with homeowner, passive restraint, defensive driving course, multiple vehicle, safe-driver, and multiple policy discounts applied. When drivers take advantage of discounts, the the average amount saved on auto insurance for a Chevrolet Traverse is 12% or $194.

Liability only or full coverage

Finding cheap insurance for a Chevrolet Traverse in North Carolina should be important to most people, and a great way to buy cheap insurance is to buy only liability coverage. The chart below illustrates the difference between annual premium costs when comparing full coverage to liability only. The information is based on no violations or accidents, $250 deductibles, drivers are not married, and no discounts are applied.

As an average, physical damage insurance costs $1,376 per year more than carrying just liability coverage. At some point, almost every driver questions if it’s a good idea to buy full coverage. There is no written rule that works best for making the decision to drop physical damage insurance, but there is a general school of thought. If the yearly cost for physical damage coverage is more than around 10% of the vehicle’s replacement cost less your deductible, then it could be time to drop full coverage.

How to find cheap insurance for a Chevrolet Traverse in North Carolina

Here are some money-saving ideas that can help you find low-cost auto insurance.

• Raise comprehensive and collision coverage deductibles
• Having at-fault accidents will increase rates
• Buy vehicles with five-star safety ratings
• Be a safe driver
• Drop full coverage on older vehicles
• Clean up your credit rating
• Shop around for cheaper rates regularly

The last item on the list is especially important, as was pointed out in the prior information. Prices charged by companies can be changed at any time, so don’t be afraid to change to a new company if you find a better deal.

Loyalty to a specific company is fine, but it’s not a good idea if that stubbornness costs you several hundred dollars every year. Now is a great time to compare rates to find cheaper car insurance for a Chevrolet Traverse.