It’s a fact that insurance companies don’t want policyholders to shop around. Drivers who compare other prices will presumably move their business because there is a good chance of finding lower rate quotes. A recent auto insurance study discovered that consumers who faithfully checked for cheaper rates saved $72 a month compared to other drivers who never shopped around for lower prices.
If finding the lowest rates on insurance is the reason you’re reading this, understanding the best ways to shop for insurance can help you succeed in finding affordable rates.
The best way to get cheaper auto insurance rates in Dallas is to start comparing prices regularly from different companies who sell auto insurance in Texas. Prices can be compared by following these guidelines.
- Step 1: Learn about car insurance and the modifications you can make to prevent high rates. Many factors that cause high rates like accidents, traffic violations, and a bad credit score can be remedied by making small lifestyle or driving habit changes. Continue reading for additional tips to help prevent high rates and find overlooked discounts.
- Step 2: Compare rates from direct, independent, and exclusive agents. Exclusive and direct companies can only give prices from one company like Progressive or State Farm, while agents who are independent can provide rate quotes for many different companies. View insurance agents
- Step 3: Compare the new rate quotes to the price on your current policy and see if there is a cheaper rate. If you find better rates and make a switch, make sure there is no lapse between the expiration of your current policy and the new one.
- Step 4: Tell your current agent or company to cancel your current auto insurance policy. Submit the required down payment along with the signed application to the newly selected company. Once coverage is bound, place your new certificate verifying coverage with your registration paperwork.
The key aspect of shopping around is to try to use the same deductibles and limits on every quote request and and to analyze as many companies as feasibly possible. This ensures a level playing field and the best price quote selection.
If you have coverage now or just want cheaper rates, follow these tips to buy cheaper auto insurance while maintaining coverages. Choosing the best rates in Dallas is quite easy. You only need to know the proper methods to quote multiple rates online from multiple companies.
The most recommended method to compare insurance rates from multiple companies is to know all the major auto insurance companies participate in a system to give free rates quotes. The only thing you need to do is give them some information such as if you are currently licensed, how you use your vehicles, how much education you have, and your occupation. Your details is instantly sent to all major companies and they respond with quotes quickly.
If you would like to compare rates now, click here and find out if lower rates are available in Dallas.
The companies shown below have been selected to offer price comparisons in Texas. If multiple companies are shown, we recommend you visit several of them to get the best price comparison.
Chevy Traverse coverage analysis
The information below showcases a range of insurance premium costs for Chevy Traverse models. Having knowledge of how prices are figured is important for drivers to make smart buying decisions.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Traverse LS 2WD | $178 | $294 | $392 | $24 | $118 | $1,006 | $84 |
| Traverse LS AWD | $202 | $294 | $392 | $24 | $118 | $1,030 | $86 |
| Traverse LT 2WD | $202 | $294 | $392 | $24 | $118 | $1,030 | $86 |
| Traverse LT AWD | $202 | $358 | $392 | $24 | $118 | $1,094 | $91 |
| Traverse LTZ 2WD | $202 | $358 | $392 | $24 | $118 | $1,094 | $91 |
| Traverse LTZ AWD | $202 | $358 | $392 | $24 | $118 | $1,094 | $91 |
| Get Your Own Custom Quote Go | |||||||
Data based on single male driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Texas minimum liability limits. Discounts applied include multi-policy, homeowner, claim-free, safe-driver, and multi-vehicle. Premium amounts do not factor in specific location which can revise rates substantially.
Reckless driving habits raise Dallas insurance rates
The diagram below demonstrates how citations and accident claims can influence Chevy Traverse auto insurance costs for different age groups. The premium estimates are based on a married male driver, comp and collision included, $250 deductibles, and no discounts are factored in.
Why you need insurance
Even though it’s not necessarily cheap to insure a Chevy in Dallas, maintaining insurance serves a purpose in several ways.
First, almost all states have compulsory liability insurance requirements which means you are required to carry specific minimum amounts of liability insurance in order to license the vehicle. In Texas these limits are 30/60/25 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
Second, if you bought your Traverse with a loan, almost all lenders will require you to carry insurance to ensure the loan is repaid in case of a total loss. If the policy lapses, the lender may insure your Chevy at a much higher premium rate and require you to reimburse them the higher premium.
Third, insurance protects not only your Chevy Traverse but also your financial assets. It will also pay for many types of medical costs for both you and anyone you injure as the result of an accident. One policy coverage, liability insurance, also covers legal expenses in the event you are sued. If you receive damage to your vehicle caused by a storm or accident, comprehensive and/or collision insurance will pay all costs to repair after the deductible has been paid.
The benefits of having insurance are without a doubt worth the cost, especially with large liability claims. Today the average American driver overpays more than $830 a year so you should quote rates at every policy renewal to ensure rates are inline.
What Affects Chevy Traverse Insurance Costs?
It’s important that you understand the rating factors that help calculate your insurance rates. If you understand what positively or negatively impacts your premiums, this enables you to make decisions that may reward you with lower premium levels.
Shown below are some of the items used by companies to determine prices.
- Pay more out-of-pocket – The deductibles define how much you are willing to pay out-of-pocket in the event of a claim. Insurance for physical damage, termed comprehensive and collision coverage on your policy, covers damage that occurs to your car. Some coverage claims are colliding with a stationary object, damage from fire, and damage from wind. The more of the claim you choose to pay out-of-pocket, the less money you will pay for insurance.
- Don’t cancel your policy without a new one in place – Going without insurance is a fast way to trigger a rate increase. And not only will your rates increase, the inability to provide proof of insurance will get you fines and jail time. You will then be forced to prove you have insurance by filing a SR-22 with the Texas DMV.
- Only buy what you need – There are a lot of extra add-on coverages you can purchase if you aren’t careful. Insurance for rental car coverage, death and dismemberment, and Farm Bureau memberships could be just wasting money. These coverages may sound good at first, but if you don’t need them eliminate them to save money.
- Safer cars means cheaper insurance – Vehicles with good safety scores tend to have better insurance rates. These vehicles reduce the chance of injuries and better occupant protection translates directly to fewer claims and lower rates for you.
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High performance equals high premiums – The performance level of the vehicle you own makes a substantial difference in your premium level. Economy passenger cars usually have the lowest rates, but the final cost of insurance is determined by many other factors.
The following data uses these variables: married female driver age 20, full coverage with $1000 deductibles, and no discounts or violations. It shows Chevrolet Traverse insurance rates compared to other models that have different performance risks.
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Gals tend to cost less – Over time, data shows females are less aggressive when driving. The data does not necessarily mean that females are better at driving than males. Males and females cause accidents at a similar rate, but men tend to have higher claims. Not only that, but men also get higher numbers of serious violations like driving under the influence (DUI).
The example below compares Chevy Traverse insurance costs for male and female drivers. The information is based on a clean driving record, no at-fault accidents, comp and collision included, $1,000 deductibles, drivers are single, and no policy discounts are applied.
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Chevy Traverse insurance loss probability – Insurers include the past claim trends for vehicles to determine a price that will be profitable for them. Vehicles that have higher frequency or amount of claims will cost more for coverage. The data below shows the collected loss data for Chevy Traverse vehicles.
For each coverage type, the loss probability for all vehicles, regardless of manufacturer or model, is equal to 100. Values that are below 100 are indicative of better than average losses, while numbers above 100 point to more losses or a tendency for claims to be larger.
Chevrolet Traverse Insurance Claim Statistics Specific Chevrolet 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 BETTERAVERAGEWORSEStatistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
What is the best insurance coverage?
When it comes to buying your policy, there is no one-size-fits-all type of policy. Your needs are not the same as everyone else’s.
For example, these questions can help discover if you would benefit from professional advice.
- Does my insurance cover damage caused when ticketed for reckless driving?
- Does my car insurance cover rental cars?
- Am I covered if I hit my neighbor’s mailbox?
- Are my tools covered if they get stolen from my vehicle?
- How can I get the company to pay a claim?
- What is the ISO rating for a Chevy Traverse?
- Am I covered when using my vehicle for business?
- Is a new car covered when I drive it off the dealer lot?
If you’re not sure about those questions but you think they might apply to your situation, you might consider talking to an insurance agent. To find an agent in your area, complete this form. It’s fast, doesn’t cost anything and can help protect your family.
Cheaper insurance is a realistic goal
When searching for inexpensive Dallas auto insurance quotes, you should never reduce coverage to reduce premium. In too many instances, an insured cut comprehensive coverage or liability limits and discovered at claim time that their decision to reduce coverage ended up costing them more. Your aim should be to get the best coverage possible at a price you can afford.
You just learned a lot of tips how to compare Chevy Traverse insurance rates in Dallas. The most important thing to understand is the more price quotes you have, the better chance you’ll have of finding affordable Dallas auto insurance quotes. Drivers may even discover the lowest rates are with some of the lesser-known companies.
Lower-priced Chevy Traverse insurance in Dallas can be sourced both online and from local insurance agents, and you should be comparing both to get a complete price analysis. A few companies may not provide price quotes online and most of the time these regional insurance providers work with local independent agencies.
Additional resources
- Information for Teen Drivers (GEICO)
- How Much are Dallas Car Insurance Rates for a Toyota Tacoma? (FAQ)
- Who Has Affordable Car Insurance Quotes for a Jeep Wrangler in Dallas? (FAQ)
- Who Has Affordable Dallas Car Insurance for Low Credit Scores? (FAQ)
- Who Has Affordable Dallas Auto Insurance for a Honda Civic? (FAQ)
- Who Has Cheap Car Insurance After a Speeding Ticket in Dallas? (FAQ)
- Neck Injury FAQ (iihs.org)
- Electronic Stability Control FAQ (iihs.org)
- Rearview cameras reduce backing crashes (Insurance Institute for Highway Safety)