Compare Chevy Traverse Insurance Rates in Jacksonville

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Chevy Traverse insurance cost
Chevy Traverse insurance cost image courtesy of QuoteInspector.com

Insurance quote for Chevy Traverse in JacksonvilleIt's easy to assume that insurance companies don't want their policyholders to compare prices. Insureds who rate shop once a year will, in all likelihood, switch auto insurance companies because of the good chance of finding lower prices. A study discovered that consumers who compared prices regularly saved as much as $72 a month compared to other drivers who never compared rates.

If finding low prices for Chevy Traverse insurance in Jacksonville is your target objective, then having some insight into how to get price quotes and compare coverages can help make the process easier and more efficient.

The recommended way to get low-cost Chevy Traverse insurance in Jacksonville is to annually compare prices from providers who can sell car insurance in Florida.

  1. Take a little time to learn about how insurance companies determine prices and the steps you can take to keep rates low. Many rating criteria that cause high rates such as traffic citations, accidents, and an unacceptable credit score can be eliminated by making small lifestyle or driving habit changes.
  2. Compare rates from direct carriers, independent agents, and exclusive agents. Exclusive and direct companies can only provide price estimates from one company like Progressive or Farmers Insurance, while independent agencies can give you price quotes from multiple companies.
  3. Compare the new quotes to the price on your current policy to determine if switching companies saves money. If you can save some money and make a switch, make sure there is no lapse between the expiration of your current policy and the new one.
  4. Give notification to your agent or company of your intent to cancel your current auto insurance policy. Submit payment and a completed application for the new policy. Be sure to put the proof of insurance paperwork above your visor, in the console, or in the glove compartment.

A tip to remember is that you use the same physical damage deductibles and liability limits on each quote request and and to get price quotes from every insurance company. This guarantees a fair rate comparison and a complete selection of prices.

Buying the cheapest insurance in Jacksonville can initially seem challenging. If you have insurance now, you will most likely be able to reduce the price you pay using the concepts covered in this article. But Florida vehicle owners benefit from understanding the way companies calculate your policy premium because it can help you find the best coverage.

Compare Jacksonville Chevy Traverse insurance price quotes

Just remember that comparing more prices will enable you to find a lower rate. Not every company allows you to get online price quotes, so it's necessary to compare rates from the smaller companies as well.

The providers in the list below offer comparison quotes in Jacksonville, FL. If more than one company is shown, we suggest you get price quotes from several of them to get the lowest price.

Take policy discounts and save on Chevy Traverse insurance in Jacksonville

Auto insurance is not inexpensive, but you may qualify for discounts that you may not even be aware of. Certain credits will be shown at quote time, but some need to be specially asked for prior to getting the savings.Cheaper auto insurance with discounts

  • One Accident Forgiven - This one isn't a discount, but companies like Allstate and State Farm permit an accident without getting socked with a rate hike so long as you are claim-free for a certain period of time.
  • Accident-Free Discounts - Drivers with accident-free driving histories can earn big discounts in comparison to drivers with a long claim history.
  • Clubs and Organizations - Having an affiliation with qualifying clubs or civic groups is a simple method to lower premiums when shopping for auto insurance.
  • Early Payment Discounts - By paying your policy upfront instead of monthly or quarterly installments you may have a lower total premium amount.
  • Passenger Safety Discount - Factory options such as air bags or automatic seat belts may qualify for discounts up to 30%.

You can save money using discounts, but most of the big mark downs will not be given to the entire cost. Most only apply to specific coverage prices like comp or med pay. So when it seems like all those discounts means the company will pay you, you're out of luck.

The example below visualizes the comparison of Chevy Traverse insurance costs with and without discounts applied to the premium. The costs are based on a female driver, no accidents or driving violations, Florida state minimum liability limits, comp and collision included, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, safe-driver, multi-policy, multi-car, claim-free, and homeowner discounts applied.

A list of auto insurance companies and their offered discounts can be read below.

  • Esurance offers premium reductions for online shopper, anti-theft, defensive driver, good student, and claim free.
  • The Hartford has savings for air bag, driver training, anti-theft, good student, defensive driver, and vehicle fuel type.
  • AAA policyholders can earn discounts including education and occupation, multi-car, anti-theft, AAA membership discount, good student, pay-in-full, and good driver.
  • GEICO may have discounts that include daytime running lights, emergency military deployment, federal employee, anti-lock brakes, multi-vehicle, seat belt use, and five-year accident-free.
  • State Farm offers discounts for safe vehicle, defensive driving training, accident-free, Steer Clear safe driver discount, and good student.

Before buying, ask each company which discounts you qualify for. Some discounts listed above might not be available to policyholders in your area. If you would like to view auto insurance companies that offer many of these discounts in Jacksonville, click this link.

Insurance data for a Chevy Traverse

The table displayed below outlines detailed analysis of policy rates for Chevy Traverse models. Learning how policy premiums are established can help customers make informed purchases.

Chevrolet Traverse Insurance Rates in Jacksonville, FL
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Traverse LS 2WD $172 $276 $400 $24 $120 $992 $83
Traverse LS AWD $194 $276 $400 $24 $120 $1,014 $85
Traverse LT 2WD $194 $276 $400 $24 $120 $1,014 $85
Traverse LT AWD $194 $334 $400 $24 $120 $1,072 $89
Traverse LTZ 2WD $194 $334 $400 $24 $120 $1,072 $89
Traverse LTZ AWD $194 $334 $400 $24 $120 $1,072 $89
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Data based on single female driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Florida minimum liability limits. Discounts applied include claim-free, homeowner, multi-policy, safe-driver, and multi-vehicle. Information does not factor in specific garaging location which can impact premiums significantly.

How high should deductibles be?

A question often asked by Jacksonville drivers is where to set your physical damage deductibles. The rates shown below summarize the price difference between low and high physical damage coverage deductibles. The first rate table uses a $100 deductible for physical damage and the second rate table uses a $1,000 deductible.

Chevrolet Traverse insurance policy rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Traverse LS 2WD $358 $532 $354 $20 $106 $1,395 $116
Traverse LS AWD $406 $532 $354 $20 $106 $1,443 $120
Traverse LT 2WD $406 $532 $354 $20 $106 $1,443 $120
Traverse LT AWD $406 $648 $354 $20 $106 $1,559 $130
Traverse LTZ 2WD $406 $648 $354 $20 $106 $1,559 $130
Traverse LTZ AWD $406 $648 $354 $20 $106 $1,559 $130
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Chevrolet Traverse insurance policy rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Traverse LS 2WD $200 $280 $354 $20 $106 $960 $80
Traverse LS AWD $224 $280 $354 $20 $106 $984 $82
Traverse LT 2WD $224 $280 $354 $20 $106 $984 $82
Traverse LT AWD $224 $342 $354 $20 $106 $1,046 $87
Traverse LTZ 2WD $224 $342 $354 $20 $106 $1,046 $87
Traverse LTZ AWD $224 $342 $354 $20 $106 $1,046 $87
Get Your Own Custom Quote Go

Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Florida minimum liability limits. Discounts applied include multi-policy, multi-vehicle, homeowner, safe-driver, and claim-free. Estimates do not factor in specific location information which can affect rates considerably.

We can estimate from the data above that using a $100 deductible costs roughly $40 more each month or $480 each year across all Chevrolet Traverse models than quoting the higher $1,000 deductible. Because you would pay $900 more if you turn in a claim with a $1,000 deductible as compared to a $100 deductible, if you tend to have at a minimum 23 months between claims, you would more than likely save some money if you opt for a higher deductible.

Responsible drivers pay cheaper Jacksonville insurance rates

The information below illustrates how speeding tickets and accident claims can affect Chevy Traverse car insurance rates for different age categories. The costs are based on a married female driver, full coverage, $250 deductibles, and no discounts are taken into consideration.

Insurance premiums for males and females

The chart below illustrates the comparison of Chevy Traverse insurance costs for male and female drivers. The costs are based on no accidents or driving violations, comp and collision included, $500 deductibles, drivers are single, and no other discounts are factored in.

Liability only or full coverage

The chart below compares Chevy Traverse annual premium costs with full coverage and liability only. The rates are based on a clean driving record, no claims, $500 deductibles, drivers are single, and no policy discounts are applied.

Are you wasting money on full coverage?

There is no written rule to eliminate comp and collision coverage, but there is a guideline you can consider. If the yearly cost for physical damage coverage is more than around 10% of the replacement cost minus the deductible, then you might consider buying liability only.

For example, let's say your Chevy Traverse replacement cost is $8,000 and you have $1,000 policy deductibles. If your vehicle is destroyed, you would only receive $7,000 after you pay the deductible. If you are paying over $700 annually for physical damage coverage, the it may be a good time to stop paying for full coverage.

There are some cases where eliminating full coverage is not in your best interest. If you still have a lienholder on your title, you must maintain physical damage coverage in order to prevent your loan from defaulting. Also, if your savings is not enough to buy a different vehicle in the event your current vehicle is totaled, you should not drop full coverage.

How Your Traverse Insurance Premiums are Determined

Consumers need to have an understanding of the factors that come into play when calculating the price you pay for car insurance. When you understand what positively or negatively impacts your premiums, this allows you to make good choices that could help you find cheaper rates. Many things are considered when you quote your car insurance policy. Some are obvious like an MVR report, but others are more transparent like your continuous coverage or your vehicle rating.

  • Reduce car insurance rates by driving cars with good safety ratings - Vehicles with high crash test scores are cheaper to insure. Vehicles engineered for safety protect occupants better and lower injury rates translates into fewer and smaller insurance claims and lower rates for you. If the Chevy Traverse is rated at a minimum four stars on Safercar.gov you may qualify for a discount.
  • Extra policy coverages can cost a lot - There are a lot of extra coverages that can waste your money if you aren't diligent. Coverage for things like personal injury protection, high-cost glass coverage, and term life insurance are some examples. They may seem good when you first buy your policy, but your money might be better spent on other coverage so remove them and pocket the money.
  • Your vocation can affect rates - Did you know that where you work can have an impact on rates? Occupations like military personnel, social workers, and financial analysts are shown to have the highest rates in part from intense work-related stress and extremely grueling work hours. On the other hand, jobs like actors, engineers and the unemployed have lower than average premiums.
  • Insurance prices are higher for high performance vehicles - The performance level of the car or truck you own makes a significant difference in how high your rates are. The lowest rates tend to be for smaller low performance passenger vehicles, but many other things help determine your insurance rates.

    The following data assumes a single male driver age 30, full coverage with $500 deductibles, and no discounts or violations. It shows Chevrolet Traverse insurance premiums compared to other models of vehicles that have different risk factors.

  • Multiple policies with one company can save - Most larger insurance companies afford discounts to clients that have more than one policy in the form of a multi-policy discount. Even with this discount, drivers will still want to get quotes from other companies to help ensure you have the lowest rates.
  • Chevy Traverse insurance loss probability - Companies use past loss statistics for each vehicle to help calculate premium costs. Models that historically have higher number or severity of losses will have increased rates. The table shown below demonstrates the actual insurance loss data for Chevy Traverse vehicles.

    For each type of coverage, the claim probability for all vehicles, as an average, is a value of 100. Percentage numbers below 100 suggest losses that are better than average, while values that are 100 or greater point to more frequent losses or an increased chance of a larger loss.

    Auto Insurance Loss Data for Chevrolet Traverse Models
    Vehicle Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
    Chevrolet Traverse 4dr 2WD 75 101 72 93 90 90
    Chevrolet Traverse 4dr 4WD 72 91 82 78 76 78
    BETTER
    AVERAGE
    WORSE

    Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years