Affordable Chevy Traverse Insurance in Boston

Insurance quote for Chevy Traverse in BostonIf you want to save money, the best way to find low-cost Chevy Traverse insurance is to start doing an annual price comparison from different companies who can sell car insurance in Boston. This can be done by following these steps.

One important bit of advice is to compare identical limits and deductibles on each quote and and to get prices from as many different companies as possible. Doing this provides a level playing field and the best rate selection.

It goes without saying that car insurance companies don’t want you shop around. People who shop around for cheaper prices will most likely buy a new policy because there are good odds of finding discount prices. A recent survey revealed that consumers who compared price quotes annually saved on average $865 annually compared to drivers who didn’t regularly shop around.

If saving the most money on Chevy Traverse insurance is why you’re reading this, then learning a little about the best ways to shop for insurance coverage can help you be more efficient.

Car insurance data for a Chevy Traverse

The rate table displayed next covers different prices for Chevy Traverse models. Being aware of how auto insurance premiums are determined can assist in making smart choices when choosing a car insurance company.

Chevrolet Traverse Insurance Rates in Boston, MA
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Traverse LS 2WD $198 $296 $268 $16 $80 $858 $72
Traverse LS AWD $224 $296 $268 $16 $80 $884 $74
Traverse LT 2WD $224 $296 $268 $16 $80 $884 $74
Traverse LT AWD $224 $362 $268 $16 $80 $950 $79
Traverse LTZ 2WD $224 $362 $268 $16 $80 $950 $79
Traverse LTZ AWD $224 $362 $268 $16 $80 $950 $79
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Data rating is based on married female driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Massachusetts minimum liability limits. Discounts applied include multi-vehicle, claim-free, safe-driver, multi-policy, and homeowner. Rate information does not factor in vehicle location which can lower or raise prices greatly.

Policy deductible comparison

The hardest decision when buying coverage is the level to set your comp and collision deductibles. The rates shown below can help you understand how much more you’ll pay when you buy lower versus higher policy deductibles. The first rate table uses a $100 deductible for physical damage and the second set of rates uses a $500 deductible.

Chevrolet Traverse insurance rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Traverse LS 2WD $288 $426 $284 $16 $86 $1,125 $94
Traverse LS AWD $324 $426 $284 $16 $86 $1,161 $97
Traverse LT 2WD $324 $426 $284 $16 $86 $1,161 $97
Traverse LT AWD $324 $520 $284 $16 $86 $1,255 $105
Traverse LTZ 2WD $324 $520 $284 $16 $86 $1,255 $105
Traverse LTZ AWD $324 $520 $284 $16 $86 $1,255 $105
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Chevrolet Traverse insurance rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Traverse LS 2WD $210 $288 $284 $16 $86 $884 $74
Traverse LS AWD $236 $288 $284 $16 $86 $910 $76
Traverse LT 2WD $236 $288 $284 $16 $86 $910 $76
Traverse LT AWD $236 $350 $284 $16 $86 $972 $81
Traverse LTZ 2WD $236 $350 $284 $16 $86 $972 $81
Traverse LTZ AWD $236 $350 $284 $16 $86 $972 $81
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Prices based on married male driver age 30, no speeding tickets, no at-fault accidents, and Massachusetts minimum liability limits. Discounts applied include safe-driver, homeowner, multi-policy, multi-vehicle, and claim-free. Rate information does not factor in vehicle location which can impact auto insurance rates considerably.

Based on these figures, using a $100 deductible costs an average of $23 more each month or $276 a year across all Chevrolet Traverse models than choosing the higher $500 deductible. Due to the fact that you would have to pay $400 more out-of-pocket with a $500 deductible as compared to a $100 deductible, if you tend to go at least 17 months between claim filings, you would save more money if you choose the higher deductible. Below is the way this decision is made.

Average monthly premium for $100 deductibles: $101
Average monthly premium for $500 deductibles (subtract): – $78
Monthly savings from raising deductible: $23
Difference between deductibles ($500 – $100): $400
Divide difference by monthly savings: $400 / $23
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 17 months

One important caveat is that a higher deductible means you will have to pay more of your own money if you have a claim. You need to have enough money put aside in order to pay the higher deductible in order to repair your vehicle.

How violations and accidents impact rates

The information below demonstrates how traffic citations and accidents raise Chevy Traverse insurance premiums for different ages of insureds. The rate quotes are based on a single female driver, comprehensive and collision coverage, $500 deductibles, and no discounts are applied.

Learn How to Lower Your Insurance Prices

Lots of factors are used when you quote your car insurance policy. Most are fairly basic such as your driving record, although others are less apparent such as your marital status or your vehicle rating. An important part of buying insurance is that you know some of the factors that help determine your premiums. When you know what positively or negatively impacts premium levels, this allows you to make good choices that may result in lower auto insurance prices.

Auto insurance rates and your job – Do you have a high-stress occupation? Occupations such as fire fighters, executives, and stock brokers usually pay higher premiums than the average policyholder due to high stress and long work hours. On the other hand, careers like scientists, engineers and retirees have lower than average premiums.

See if your company offers a multi-policy discount – Many insurance companies provide better rates to clients who have multiple policies with them. It’s known as a multi-policy discount. The discount can be ten or even fifteen percent. Even with this discount, it’s always a smart idea to comparison shop to guarantee you are still saving the most.

Know your vehicle’s crash test rating – Safer cars tend to be cheaper to insure. Highly rated vehicles protect occupants better and fewer serious injuries translates into savings for insurance companies which can result in lower premiums.

Keep the miles off and save – The more you drive your Chevy annually the more it will cost to insure it. Many insurance companies rate vehicles based upon how you use the vehicle. Cars left parked in the garage get more affordable rates as compared to vehicles used primarily for driving to work. An incorrectly rated Traverse can result in significantly higher rates. Double check that your auto insurance policy properly reflects how each vehicle is driven, because improper ratings can cost you money.

More performance means more cost – The performance level of the car you drive makes a significant difference in your rates. The lowest base rates tend to be for lower cost passenger vehicles, but the final cost of insurance is determined by many other factors.

The data below assumes a single male driver age 20, full coverage with $100 deductibles, and no discounts or violations. The chart compares Chevrolet Traverse insurance rates compared to other models of vehicles that have a range of performances.

Liability protection safeguards assets – The liability section of your policy will provide protection if ever you are responsible for an accident. It will provide for a legal defense which can cost thousands of dollars. Liability insurance is quite affordable as compared to coverage for physical damage, so drivers should make sure they buy enough to cover all assets.

Insurance losses for a Chevy Traverse – Auto insurance companies factor in historical loss data as a tool for profitable underwriting. Models that historically have higher claim frequency or loss amount will cost more for coverage. The table below illustrates the collected loss data for Chevy Traverse vehicles.

For each insurance policy coverage type, the loss probability for all vehicles combined as an average is a value of 100. Values that are under 100 represent a good loss history, while values that are above 100 point to more losses or an increased probability of a larger loss.

Chevrolet Traverse Insurance Loss Statistics
Vehicle 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

Statistics from for 2013-2015 Model Years

Which car insurance company is best in Boston?

Selecting a good quality insurance provider can be difficult considering how many choices there are in Massachusetts. The ranking information displayed below may help you choose which car insurance companies to look at when looking for cheaper rates.

Top 10 Boston Car Insurance Companies Ranked by Claims Service

  1. Progressive
  2. USAA
  3. Liberty Mutual
  4. State Farm
  5. GEICO
  6. Titan Insurance
  7. Nationwide
  8. Allstate
  9. The General
  10. 21st Century

Top 10 Boston Car Insurance Companies Overall

  1. The General
  2. Mercury Insurance
  3. Titan Insurance
  4. The Hartford
  5. Progressive
  6. Travelers
  7. State Farm
  8. Farmers Insurance
  9. Safeco Insurance
  10. USAA

How much can you save?

As you prepare to switch companies, it’s very important that you do not sacrifice coverage to reduce premiums. In many instances, drivers have reduced uninsured motorist or liability limits only to regret at claim time that the few dollars in savings costed them thousands. The ultimate goal is to buy a smart amount of coverage at the best possible price, not the least amount of coverage.

You just learned a lot of ways to compare Chevy Traverse insurance rates in Boston. The most important thing to understand is the more times you quote, the higher your chance of finding the cheapest Chevrolet Traverse rate quotes. Consumers could even find that the best price on car insurance is with some of the smallest insurance companies. Smaller companies may cover specific market segments cheaper than their larger competitors like Progressive or GEICO.

Some insurance companies may not offer the ability to get quotes online and most of the time these regional insurance providers only sell through independent insurance agencies. Low-cost Chevy Traverse insurance in Boston is attainable online and from local insurance agents, so you should compare both to have the best chance of lowering rates.

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