Finding cheaper car insurance for a Chevrolet Traverse in Ohio relies on a lot of things such as the age of the Traverse, if you are a frequent claim filer, and any driving offenses on your record. Ohio drivers pay approximately $622 each year for Traverse insurance, but that figure is an estimate based on a 30-year-old married male driver with both comprehensive and collision coverage and $250 deductibles.
Most likely you are not 30 and maybe not even a male, possibly single instead of married, and you want different coverage limits than the example. There is no one cookie-cutter policy that works for everyone, so the only way to find cheap insurance rates for your Chevrolet is to do a thorough rate comparison. In less than five minutes you will be able to compare rates from top-rated companies that insure Chevrolet vehicles in Ohio.
The trim level of your Traverse will most likely have an effect on the cost of insurance, so the price you will be charged to insure a Traverse LS 2WD will be $76 cheaper than the cost to insure the more well-appointed Traverse LTZ AWD version, as shown by the rates below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Traverse LS 2WD||$176||$242||$192||$12||$58||$680||$57|
|Traverse LS AWD||$198||$242||$192||$12||$58||$702||$59|
|Traverse LT 2WD||$198||$242||$192||$12||$58||$702||$59|
|Traverse LT AWD||$198||$296||$192||$12||$58||$756||$63|
|Traverse LTZ 2WD||$198||$296||$192||$12||$58||$756||$63|
|Traverse LTZ AWD||$198||$296||$192||$12||$58||$756||$63|
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Data assumes married male driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Ohio minimum liability limits. Discounts applied include multi-vehicle, claim-free, homeowner, safe-driver, and multi-policy. Table data does not factor in specific zip code location which can modify rates substantially.
Finding the right insurer can be challenging considering how many different companies there are to choose from in Ohio. The ranking data in the lists below may help you select which insurers you want to consider when looking for cheaper rates. These ratings are for the largest companies in America, so companies that may only write in Ohio are not factored into these rankings.
|Company||Value||Customer Service||Claims||Customer Satisfaction||A.M Best Rating||Overall Score|
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Data Source: Insure.com Best Car Insurance Companies
The diagram below shows how choosing a deductible can affect insurance costs when trying to find cheap insurance for a Chevrolet Traverse. The information is based on a married male driver, comprehensive and collision coverage, and no discounts are applied.
A 30-year-old driver could lower their policy premium by $216 a year by changing their physical damage coverage from a $100 deductible to a $500 deductible, or save $328 by switching to a $1,000 deductible. Younger drivers, like the 20-year-old, could potentially save $648 or more just by using higher deductibles. When increasing deductibles, it’s a good idea to have additional savings on hand to enable you to pay the extra out-of-pocket expense that comes with higher deductibles.
Why are you paying too much for Traverse insurance?
Ohio car insurance rates are based on many factors which can substantially decrease or increase the cost of your policy. Improving your credit score, becoming a homeowner, or having an at-fault accident can trigger price changes resulting in some rates now being cheaper than before. In addition to those changes, companies file new Ohio auto insurance rates as often as every quarter in order to be able to pay unexpected claims. Higher than normal claims can cause high rates, while a better loss history can result in lower-cost Traverse insurance rates.
To help illustrate this point, the graph below shows rates for the cheapest car insurance in Columbus, OH for a 30-year-old female driver with a good driving record, no prior claims, and excellent credit. When quoting prices based on her personal risk profile, Utica National has the most affordable car insurance rates in Columbus at $812 per year. This is $228 less than the average rate paid by Ohio drivers of $1,040. Erie, Allied, Frankenmuth, and Travelers are also included in the most affordable Columbus, OH auto insurance companies.
In this example, we will give the driver from above a claim or two, slightly worse credit, and a few traffic violations. Because each company uses their own calculation for determining prices, comparing insurance quotes could now result in a different ranking of affordable Columbus car insurance companies as shown below.
Cincinnati Insurance now has the cheapest insurance rate in Columbus, OH with Merchants Insurance Group, Motorists Mutual, General Casualty, and Grange Mutual now being in the top five. This example proves why it is so important to compare lots of rates when trying to get the lowest insurance rates for a Chevrolet Traverse. Prices consist of many risk factors and can increase or decrease at any time, so the best company the last time you shopped your coverage around may now be one of the more expensive options.