Auto Insurance Quotes for a Chevy Traverse in Raleigh

Amazingly, a recent NerdWallet.com study showed that the vast majority of auto insurance customers in North Carolina have bought auto insurance from the same company for at least four years, and approximately 40% of consumers have never even compared rates from other companies. With the average auto insurance premium being $1,847, American drivers could pocket $860 a year, but most undervalue the actual amount they would save if they changed companies.

The best way to get cheaper auto insurance rates in Raleigh is to start doing a yearly price comparison from different companies that sell auto insurance in North Carolina.

• Step 1: Learn about individual coverages and the changes you can make to prevent rate increases. Many rating factors that drive up the price like traffic tickets, fender benders, and a substandard credit history can be eliminated by paying attention to minor details.
• Step 2: Compare rates from exclusive agents, independent agents, and direct providers. Direct companies and exclusive agencies can provide rates from one company like GEICO or State Farm, while independent agencies can provide rate quotes from many different companies.
• Step 3: Compare the price quotes to the price on your current policy and see if you can save money. If you find better rates and make a switch, make sure coverage does not lapse between policies.

A valuable tip to remember is to use similar coverage information on each quote request and and to get price quotes from as many companies as you can. This guarantees the most accurate price comparison and a thorough selection of prices.

All major car insurance companies such as Allstate, GEICO and Progressive provide insurance quotes from their websites. This process can be done by anyone as you just enter the amount of coverage you want as requested by the quote form. Once you submit the form, the quote system pulls your driving record and credit report and generates pricing information.

This simplifies rate comparisons, and it is imperative to compare as many rates as possible in order to get cheap rates.

To compare rates using this form now, compare rates now from the companies shown below. If you have a policy now, it’s recommended you input the limits and deductibles identical to your current policy. Doing this guarantees you will have comparison quotes for similar insurance coverage.

The following companies can provide comparison quotes in North Carolina. To locate cheap auto insurance in Raleigh, we suggest you click on several of them in order to find the most competitive rates.

Discounts for lower-cost car insurance quotes

Some insurers do not advertise every discount available in an easy-to-find place, so the list below gives a summary of some of the more common and the harder-to-find ways to save on car insurance. If you check and find you aren’t receiving every discount available, you are paying more than you should be.

• Discounts for Federal Employees – Federal government employees could qualify for a slight premium decrease depending on your car insurance provider.
• Mature Driver Discount – If you’re over the age of 55, you can get reduced rates.
• E-sign – A few companies will give a small break for completing your application on the web.
• First Accident Forgiveness – This isn’t a discount exactly, but companies like State Farm and Progressive will let one accident slide before hitting you with a surcharge if you are claim-free for a certain period of time.
• Multiple Policy Discount – If you can combine your home and auto policy with the same company you could earn a discount of up to 20% off your total Traverse insurance premium.
• Good Student Discount – Performing well in school may save you up to 25%. You can use this discount normally up to age 25.
• Driver Safety – Completing a course that instructs on driving safety may get you a small discount and easily pay for the cost of the class.

As is typical with insurance, most discount credits are not given to the entire cost. Most only apply to individual premiums such as liability and collision coverage. So even though it sounds like all those discounts means the company will pay you, you won’t be that lucky.

The diagram below shows the comparison of Chevy Traverse insurance premiums with and without some available policy discounts. Data assumes a female driver, no driving violations, no at-fault accidents, North Carolina state minimum liability limits, comprehensive and collision coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, multi-policy, homeowner, multi-car, safe-driver, and marriage discounts applied.

A list of car insurance companies and a partial list of their discounts are shown below.

• GEICO discounts include federal employee, military active duty, anti-theft, defensive driver, and seat belt use.
• Mercury Insurance offers discounts for annual mileage, low natural disaster claims, anti-theft, professional/association, good driver, multi-policy, and ease of repair.
• Farmers Insurance has savings for good student, homeowner, early shopping, bundle discounts, and pay in full.
• Auto-Owners Insurance has discounts for safe vehicle, anti-lock brakes, teen driver, multi-policy, and multiple vehicles.
• Liberty Mutual policyholders can earn discounts including multi-policy, newly retired, new move discount, hybrid vehicle, multi-car, teen driver discount, and new graduate.
• SAFECO offers premium reductions for drive less, teen safety rewards, teen safe driver, bundle discounts, homeowner, anti-lock brakes, and multi-car.
• Progressive may include discounts for online signing, homeowner, multi-vehicle, multi-policy, continuous coverage, online quote discount, and good student.
• USAA may have discounts that include multi-vehicle, loyalty savings, good student, multi-policy, and annual mileage.

Before you buy a policy, ask every prospective company which discounts you qualify for. Savings may not apply to policyholders in your area. To view providers with discount rates in Raleigh, click this link.

Chevy Traverse insurance statistics and information

The rate table displayed next covers a range of rate quotes for Chevy Traverse models. Understanding how insurance quotes are calculated is important for making decisions on the best policy to buy.

Premium data assumes married female driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and North Carolina minimum liability limits. Discounts applied include safe-driver, claim-free, multi-vehicle, multi-policy, and homeowner. Estimates do not factor in specific location information which can lower or raise insurance rates noticeably.

Can higher deductibles save money?

A question often asked by Raleigh drivers is which comprehensive and collision deductibles to buy. The premium rates below approximate how much more you’ll pay when you choose different insurance deductibles. The first price estimate table uses a $250 deductible and the second data table uses a $1,000 deductible.

Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and North Carolina minimum liability limits. Discounts applied include homeowner, multi-policy, claim-free, multi-vehicle, and safe-driver. Prices do not factor in specific garaging location which can raise or lower premium rates noticeably.

Using the premium rates above, we can conclude that using a $250 deductible costs an average of $18 more each month or $216 for a full year across all Chevrolet Traverse models than choosing the higher $1,000 deductible. Since you would have to pay $750 more to file a claim with a $1,000 deductible as compared to a $250 deductible, if you average at a minimum 42 months between claims, you would save money if you choose a higher deductible.

The information below demonstrates how choosing different deductibles and can impact Chevy Traverse insurance premiums for each age group. The premiums assume a single male driver, comprehensive and collision coverage, and no discounts are factored in.

Car insurance rates are higher with tickets and accidents

The chart below highlights how speeding tickets and at-fault accidents can influence Chevy Traverse annual premium costs for different age groups. The data is based on a single male driver, comp and collision included, $1,000 deductibles, and no policy discounts are applied.

Cost of full coverage

The information below shows the difference between Chevy Traverse auto insurance rates with and without full coverage. Data assumes no claims, a clean driving record, $250 deductibles, marital status is single, and no discounts are factored in.

Guidelines for dropping full coverage

There isn’t a steadfast formula for excluding full coverage, but there is a general guideline you can use. If the yearly cost of full coverage is more than about 10% of the settlement you would receive from your company, then you may want to consider only buying liability coverage.

For example, let’s pretend your Chevy Traverse book value is $9,000 and you have $1,000 physical damage deductibles. If your vehicle is severely damaged, the most your company will settle for is $8,000 after paying the physical damage deductible. If you are currently paying more than $800 annually for physical damage coverage, then it could be time to drop full coverage.

There are a few situations where removing full coverage 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 if your current one is in an accident, you should not drop full coverage.

Smart Consumers Can Lower Insurance Rates

Many factors are used when you get your auto insurance bill. Some of the criteria are obvious such as traffic violations, but other factors are not quite as obvious like where you live or your commute time. Smart consumers have a good feel for a few of the rating criteria that play a part in calculating the rates you pay for auto insurance. When consumers understand what positively or negatively impacts your premiums, this helps enable you to make changes that can help you get lower auto insurance prices.

Small claims can cost you – If you are a frequent claim filer, you can pretty much guarantee either policy cancellation or increased premiums. Auto insurance companies in North Carolina award better rates to people who are claim-free. Your insurance policy is intended for claims that pose a financial burden.

Save money by eliminating extra policy coverages – Policies have additional coverages that may not really be needed if you aren’t diligent. Things like replacement cost coverage, accident forgiveness, and extra life insurance coverage may be wasting your money. They may seem like a good idea when deciding what coverages you need, but your needs may have changed so get rid of them and save.

Gender impacts rates – Over the last 30 years, statistics show that females tend to be a little less risky than males. That doesn’t necessarily mean that women are BETTER drivers than men. Females and males are responsible for auto accidents in similar percentages, but the males cause more damage. Not only are claims higher, but men get ticketed for serious violations such as DWI and reckless driving.

The illustration below visualizes the comparison of Chevy Traverse insurance prices for male and female drivers. The premiums assume a clean driving record, no at-fault accidents, comp and collision included, $250 deductibles, single status, and no discounts are applied.

Auto insurance rates and age – More mature drivers are more responsible, are lower risk to insure, and get fewer tickets. Drivers with little experience tend to be less responsible when driving therefore auto insurance rates are much higher.

The data below uses these variables: single driver, full coverage with $1000 deductibles, and no discounts or violations.

Safety ratings are a factor – Cars with five star safety ratings can get you lower premiums. Safer cars reduce the chance of injuries and any reduction in injury severity translates directly to fewer claims and thus lower rates. If your Chevy Traverse is rated at a minimum an “acceptable” rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website it is probably cheaper to insure.

Higher auto insurance rates for auto insurance lapses – Driving your car without having proper coverage is illegal and your next policy will cost more because you let your coverage have a gap. Not only will you pay higher rates, failure to provide proof of insurance could result in a license revocation or jail time. You may then be required to provide proof of insurance in the form of an SR-22 filing with the North Carolina DMV.

Loss statistics for a Chevy Traverse – Auto insurance companies take into consideration insurance loss statistics for every vehicle as a way to help calculate a profitable premium price. Models that the statistics show to have higher claim amounts or frequency will have higher rates for specific coverages.

The table shown below demonstrates the historical loss data for Chevy Traverse vehicles. For each coverage category, the statistical loss for all vehicles, as a total average, is set at 100. Numbers that are below 100 suggest a positive loss record, while numbers above 100 point to more claims or larger claims.