How to Save on Baltimore Chevy Traverse Insurance

Chevy Traverse insurance policy image courtesy of QuoteInspector.com

If your goal is the lowest price, then the best way to find affordable Chevy Traverse insurance is to compare prices annually from providers that sell auto insurance in Baltimore.

Step 1: It will benefit you to learn about policy coverages and the things you can change to keep rates low. Many things that result in higher prices such as getting speeding tickets and bad credit can be amended by making minor changes to your lifestyle.

Step 2: Compare prices from exclusive agents, independent agents, and direct providers. Direct companies and exclusive agencies can provide rates from one company like GEICO and Allstate, while agents who are independent can quote prices from multiple companies.

Step 3: Compare the quotes to your existing coverage and see if there is a cheaper rate in Baltimore. If you find better rates, make sure there is no coverage gap between policies.

Step 4: Tell your current company to cancel your current car insurance policy and submit a down payment along with a signed application to the new company. As soon as you can, store the certificate verifying coverage in your glove compartment.

One tip to remember is to make sure you're comparing the same liability limits and deductibles on every quote request and and to get prices from as many different companies as possible. Doing this ensures an apples-to-apples comparison and the best price quote selection.

We don't have to tell you that car insurance companies don't want their policyholders to compare prices. Consumers who shop around at least once a year are inclined to buy a new policy because there is a good chance of finding lower rate quotes. A recent survey discovered that consumers who compared rate quotes regularly saved on average $3,500 over four years compared to policyholders who never shopped for cheaper rates.

If saving money on Chevy Traverse insurance in Baltimore is the reason for your visit, then learning a little about how to quote and compare car insurance can make shopping around easier.

Most major insurance companies such as Progressive, Allstate and GEICO make it easy to get pricing directly from their websites. Obtaining pricing for Chevy Traverse insurance in Baltimore doesn't take a lot of time as all you need to do is type in your coverage information into the form. Behind the scenes, their system automatically orders information on your driving record and credit history and generates a price based on many factors.

This makes it a lot easier to compare rates and it is important to do this if you want to find lower-cost auto insurance pricing.

To quickly fill out one form to compare multiple rates now, take a look at the companies shown below. To compare your current rates, we recommend you enter the limits and deductibles identical to your current policy. Doing this guarantees you will receive an apples-to-apples comparison for the exact same coverage.

The providers in the list below offer free rate quotes in Baltimore, MD. If your goal is to find the best cheap car insurance in Maryland, we suggest you compare several of them to get the cheapest price.

Rates and statistics

The coverage table displayed below outlines detailed analysis of coverage costs for Chevy Traverse models. Understanding how insurance quotes are calculated can assist in making smart choices when purchasing an insurance policy.

Data variables include married male driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Maryland minimum liability limits. Discounts applied include safe-driver, homeowner, claim-free, multi-policy, and multi-vehicle. Prices do not factor in your specific Baltimore location which can modify insurance rates substantially.

The illustration below demonstrates how deductible levels and can change Chevy Traverse insurance costs for different ages of insureds. The rates are based on a single male driver, full coverage, and no discounts are taken into consideration.

Annual premiums for males compared to females

The diagram below compares Chevy Traverse insurance rates for male and female drivers. The costs are based on a clean driving record, no claims, full coverage, $100 deductibles, drivers are not married, and no discounts are factored in.

Chevrolet Traverse liability rates compared to full coverage

The illustration below illustrates the difference between Chevy Traverse insurance costs with liability coverage only compared to full coverage. Data assumes no claims or driving violations, $500 deductibles, single status, and no discounts are taken into consideration.

When to drop comprehensive and collision

There is no clear-cut formula for dropping full coverage on your policy, but there is a guideline you can use. If the annual cost of having full coverage is more than around 10% of any settlement you would receive from your insurance company, then it's probably a good time to buy liability coverage only.

For example, let's say your Chevy Traverse book value is $5,000 and you have $1,000 policy deductibles. If your vehicle is totaled, the most your company will settle for is $4,000 after paying your deductible. If you are paying over $400 a year for full coverage, then you might consider buying liability only.

There are some conditions where dropping full coverage is not a good idea. If you still owe a portion of the original loan, you have to maintain full coverage as part of the loan requirements. Also, if you can't afford to buy a different vehicle if your current one is damaged, you should not drop full coverage.

Why you need insurance for your Chevy Traverse

Despite the potentially high cost of Chevy Traverse insurance, maintaining insurance is not optional due to several reasons.

• Almost all states have mandatory insurance requirements which means state laws require a minimum amount of liability insurance coverage in order to drive the car. In Maryland these limits are 30/60/15 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $15,000 of property damage coverage.
• If you have a lien on your vehicle, almost every bank will require you to have full coverage to ensure loan repayment if the vehicle is totaled. If you do not pay your insurance premiums, the lender may insure your Chevy at a significantly higher premium and force you to pay a much higher amount than you were paying before.
• Car insurance preserves not only your car but also your financial assets. Insurance will also pay for most medical and hospital costs for both you and anyone you injure as the result of an accident. Liability coverage will also pay for a defense attorney if someone files suit against you as the result of an accident. If damage is caused by hail or an accident, collision and comprehensive coverages will cover the damage repairs after a deductible is paid.

The benefits of carrying adequate insurance outweigh the cost, especially when you need to use it. Today the average American driver overpays as much as $855 a year so smart consumers compare quotes at every renewal to make sure the price is not too high.

Six Tips to Get Cheap Baltimore Insurance Costs

Multiple criteria are taken into consideration when you get a price on insurance. Some of the criteria are obvious like your driving record, but others are less obvious like your vehicle usage or your vehicle rating. An important part of buying insurance is that you know some of the factors that are used to determine your insurance rates. If you have a feel for what positively or negatively impacts your premiums, this enables you to make decisions that can earn you big savings.

• Do you need those extra policy coverages? - There are many extra coverages that can waste your money if you don't pay attention. Insurance for roadside assistance, better glass coverage, and motor club memberships could be just wasting money. They may seem like a good idea when buying your policy, but if you've never needed them in the past eliminate the coverages to reduce your premium.

• High premiums for teenage drivers - Older drivers have been proven to be more responsible, statistically cause fewer accidents, and get fewer tickets. Beginning drivers are proven to be inattentive and easily distracted when at the wheel of a vehicle therefore insurance rates are much higher.

  The following data uses these assumptions: single driver, full coverage with $100 deductibles, and no discounts or violations.
• Cheaper rates by combining - Most major insurance companies allow better rates to insureds who carry more than one policy, otherwise known as a multi-policy discount. The amount of the discounts can be 10 percent or more. Even with this discount applied, drivers will still want to check prices from other companies to guarantee you are still saving the most.There is a good possibility that you can save even more by buying insurance from a different company.
• Prices may be lower depending on your job - Did you know that where you work can have an impact on rates? Jobs like military generals, architects, and emergency personnel have higher rates than the rest of us because of high stress levels and lots of time spent at work. On the flip side, careers such as farmers, historians and performers have the lowest average rates.
• Don't cut corners with liability insurance - The liability section of your policy is the protection in the event that you are responsible for physical damage or personal injury to other. It will provide legal defense to defend your case. Liability insurance is pretty cheap compared to other policy coverages, so buy as much as you can afford.
• An active claims history can increase rates - Insurance companies in Maryland give discounts to people who do not file claims often. If you file claims often, you can expect either higher rates or even cancellation. Auto insurance is intended to be relied upon for major claims that would cause financial hardship.

• Insurance losses for a Chevy Traverse - Insurance companies include the past claim history for a vehicle to help set a rate to offset losses. Vehicles that have higher prevalence or dollar amount of losses will have a higher cost to insure.

  The next table illustrates the loss history for Chevy Traverse vehicles. For each coverage category, the claim probability for all vehicles combined as an average is set at 100. Values under 100 indicate a favorable loss history, while values that are above 100 indicate frequent claims or an increased chance of larger losses than average.

  Chevrolet Traverse Insurance Loss Statistics

  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

  Statistics from IIHS.org for 2013-2015 Model Years

Insurance can be complex

When it comes to insurance from an agent or online for your personal vehicles, there really isn't a one size fits all plan. Everyone's needs are different.

For instance, these questions might help in determining whether your personal situation could use an agent's help.

• Am I covered while delivering pizza?
• Which companies are cheaper for teen drivers?
• What exactly is covered by my policy?
• What is UM/UIM insurance?
• Should I pay a claim out-of-pocket?
• Is coverage enough to protect my assets?
• Are my friends covered when driving my Chevy Traverse?
• Am I insured when driving a different vehicle?

If it's difficult to answer those questions but you know they apply to you then you might want to talk to a licensed insurance agent. To find lower rates from a local agent, simply complete this short form. It's fast, doesn't cost anything and can provide invaluable advice.

Ratings for Baltimore auto insurance companies

Selecting the right car insurance provider is difficult considering how many choices you have in Baltimore. The rank data shown below may help you choose which companies to look at shopping your coverage with.

Top 10 Baltimore Car Insurance Companies Ranked by Customer Service

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

Top 10 Baltimore Car Insurance Companies Ranked by Customer Satisfaction

1. USAA - 91%
2. AAA Insurance - 90%
3. Esurance - 90%
4. Mercury Insurance - 89%
5. Nationwide - 89%
6. Travelers - 88%
7. Progressive - 88%
8. Safeco Insurance - 88%
9. State Farm - 88%
10. Allstate - 88%

Do the work, save more money

Consumers leave their current company for a variety of reasons including policy non-renewal, lack of trust in their agent, extreme rates for teen drivers and unfair underwriting practices. It doesn't matter why you want to switch switching auto insurance companies can be easy and end up saving you some money.

You just learned a lot of techniques to reduce Chevy Traverse insurance prices online in Baltimore. The most important thing to understand is the more you quote Baltimore auto insurance, the better your chances of lowering your rates. Consumers could even find that the best price on auto insurance is with the least-expected company.

Some insurance providers may not have price quotes online and these smaller providers sell through independent insurance agents. Discount Chevy Traverse insurance can be bought from both online companies and also from your neighborhood Baltimore agents, and you need to price shop both to have the best rate selection.

Much more information about auto insurance in Maryland can be found at these links:

• What if I Can't Find Coverage? (Insurance Information Institute)
• Who Has Affordable Auto Insurance Rates for Drivers Over Age 50 in Baltimore? (FAQ)
• What Car Insurance is Cheapest for High School Students in Baltimore? (FAQ)
• Bodily Injury Coverage (Liberty Mutual)
• Crash Avoidance Technologies FAQ (iihs.org)