There isn’t a single person who likes having to buy auto insurance, in particular when their premiums are too high.
We don’t have to point out that fact that auto insurance companies don’t want you comparing rates. Drivers who get price quotes annually will probably switch companies because the odds are good of finding a more affordable policy. A recent survey found that consumers who compared rates regularly saved over $865 a year compared to people who never shopped around for better prices.
If finding the lowest price on insurance is your goal, knowing how to quote prices and compare coverages can make it simple to find affordable coverage.
Steps to finding more affordable Chevy Traverse insurance in El Paso
Really, the only way to find cheaper prices for Chevy Traverse insurance in El Paso is to compare quotes once a year from insurance carriers that sell auto insurance in Texas. You can compare prices by completing these steps.
Step 1: It will benefit you to learn about auto insurance and the changes you can make to keep rates low. Many policy risk factors that cause high rates like traffic tickets, fender benders, and an imperfect credit score can be remedied by making minor driving habit or lifestyle changes. This article gives ideas to help reduce premium rates and get additional discounts.
Step 2: Compare price quotes from direct carriers, independent agents, and exclusive agents. Exclusive agents and direct companies can only quote rates from one company like GEICO or State Farm, while independent agents can provide rate quotes for a wide range of insurance providers.
Step 3: Compare the quotes to the premium of your current policy and determine if cheaper Traverse coverage is available. If you find better rates and change companies, make sure coverage is continuous and does not lapse.
An important bit of advice to remember is to use similar deductibles and liability limits on each quote request and and to get rates from as many car insurance companies as possible. This ensures an accurate price comparison and a thorough price selection.
Multiple insurers compete for your insurance dollar, and because of this it can be hard to compare insurance companies and uncover the absolute best rate on Chevy Traverse insurance in El Paso.
It is always a good idea to take a look at other company’s rates every six months because rates fluctuate regularly. Just because you found the best rate on Chevy Traverse insurance in El Paso a few years ago you may be paying too much now. Ignore everything you know about auto insurance because I’m going to teach you the easiest way to find better rates and still maintain coverage.
The fastest way that we advise to compare car insurance company rates for Chevy Traverse insurance in El Paso takes advantage of the fact most larger insurance companies have advanced systems to give you rate quotes. All consumers are required to do is provide the companies a bit of rating information such as if you require a SR-22, what you do for a living, which vehicles you own, and marital status. Your insurance information gets sent immediately to multiple auto insurance providers and you should receive rate quotes quickly.
To get price quotes for your Chevy Traverse now, click here and enter your coverage details.
The companies shown below have been selected to offer quotes in El Paso, TX. If multiple companies are listed, it’s a good idea that you visit as many as you can in order to get a fair rate comparison.
Premium rates and analysis
The data table shown next covers detailed analysis of insurance policy prices for Chevy Traverse models. Having a good grasp of how prices are formulated is important to be able to make smart policy decisions.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Traverse LS 2WD||$182||$256||$324||$20||$96||$878||$73|
|Traverse LS AWD||$206||$256||$324||$20||$96||$902||$75|
|Traverse LT 2WD||$206||$256||$324||$20||$96||$902||$75|
|Traverse LT AWD||$206||$312||$324||$20||$96||$958||$80|
|Traverse LTZ 2WD||$206||$312||$324||$20||$96||$958||$80|
|Traverse LTZ AWD||$206||$312||$324||$20||$96||$958||$80|
|Get Your Own Custom Quote Go|
Data based on married male driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Texas minimum liability limits. Discounts applied include claim-free, homeowner, multi-policy, safe-driver, and multi-vehicle. Premium costs do not factor in garaging location in El Paso which can revise coverage rates considerably.
Does it make sense to buy full coverage?
The diagram below shows the difference between Chevy Traverse insurance costs when comparing full coverage to liability only. The premium estimates are based on no claims or driving violations, $100 deductibles, drivers are not married, and no discounts are applied.
Should you pay for full coverage or liability only?
There is no written rule of when to stop paying for full coverage, but there is a general school of thought. If the yearly cost for physical damage coverage is more than around 10% of replacement cost minus your deductible, then it might be time to buy liability only.
For example, let’s pretend your Chevy Traverse replacement value is $5,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled, the most you would get paid by your company is $4,000 after paying your deductible. If you are paying in excess of $400 a year for full coverage, then you might want to think about dropping full coverage.
There are some conditions where dropping physical damage coverage is not advised. 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 you cannot afford to purchase a different vehicle in the event your current vehicle is totaled, you should not eliminate full coverage.
Affordable rates on Chevy Traverse insurance in El Paso with these discounts
Companies offering auto insurance don’t list the complete list of policy discounts in a way that’s easy to find, so we took the time to find a few of the more common and the more hidden ways to save on car insurance.
- Paperless Signup – A handful of car insurance companies may give you up to $50 for signing up over the internet.
- One Accident Forgiven – This one is not really a discount per se, but certain companies permit an accident without raising rates so long as you haven’t had any claims for a particular time prior to the accident.
- Bundled Policy Discount – If you can combine your home and auto policy with the same company you will save at least 10% off all policies.
- Low Miles Discount – Driving fewer miles can qualify you for slightly better rates than normal.
- Seat Belt Usage – Using a seat belt and requiring all passengers to buckle their seat belts could save 15% off the PIP or medical payment premium.
- Defensive Driving Course – Participating in a course teaching driver safety skills could earn you a small percentage discount and make you a better driver.
- Accident Free – Drivers who don’t have accidents can earn big discounts in comparison to bad drivers.
- Payment Discounts – If you pay your bill all at once instead of monthly or quarterly installments you could save up to 5%.
- Discount for New Cars – Insuring a vehicle that is new can be considerably cheaper because newer vehicles have to meet stringent safety requirements.
- Driving Data Discount – El Paso drivers who agree to allow their company to track driving manner by using a telematics device such as State Farm’s In-Drive could save a few bucks as long as the data is positive.
We need to note that most credits do not apply to all coverage premiums. Some only apply to specific coverage prices like medical payments or collision. Despite the fact that it seems like you would end up receiving a 100% discount, it doesn’t quite work that way.
The illustration below shows the comparison of Chevy Traverse annual premium costs with and without discounts applied to the rates. The premium estimates are based on a female driver, no accidents, no driving violations, Texas state minimum liability limits, comp and collision included, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, homeowner, safe-driver, marriage, multi-car, and multi-policy discounts applied.
A partial list of companies that may offer policyholders most of the discounts above include:
It’s a good idea to ask every prospective company what discounts are available to you. Discounts may not apply to policies in your area. To see car insurance companies with the best Chevy Traverse insurance discounts in Texas, click here to view.
Best reasons to buy car insurance in Texas
Despite the fact that car insurance is not cheap in El Paso, paying for car insurance is required by state law in Texas and it also provides benefits you may not be aware of.
First, the majority of states have mandatory liability insurance requirements which means state laws require specific limits of liability protection if you drive a 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 your vehicle has a loan, most banks will require that you buy insurance to guarantee payment of the loan. If the policy lapses, the bank may buy a policy for your Chevy at a much higher premium rate and force you to pay a much higher amount than you were paying before.
Third, car insurance protects not only your Chevy Traverse but also your assets. It will also provide coverage for medical transport and hospital expenses for you, any passengers, and anyone injured in an accident. One of the most valuable coverages, liability insurance, will also pay to defend you if you are sued as the result of an accident. If your car is damaged in a storm or accident, comprehensive and collision coverage will pay all costs to repair after the deductible has been paid.
The benefits of buying car insurance more than offset the price you pay, specifically if you ever have a liability claim. On average, a vehicle owner in El Paso overpays more than $850 per year so compare rates each time the policy renews to save money.
What is the best car insurance company in Texas?
Choosing the highest-rated auto insurance company is hard considering how many choices drivers have in Texas. The company ratings in the next section can help you decide which providers you want to consider putting your business with.
Top 10 El Paso Car Insurance Companies Ranked by Value
- Mercury Insurance
- American Family
- AAA Insurance
- Safeco Insurance
- The Hartford
- The General
- 21st Century
Top 10 El Paso Car Insurance Companies Ranked by Claims Service
- State Farm
- Liberty Mutual
- American Family
- Titan Insurance
- AAA Insurance
Auto insurance is unique, just like you
When quoting and choosing coverage online or from an agent for your vehicles, there really is not a “perfect” insurance plan. Every situation is different and your auto insurance should unique, too.
These are some specific questions may help you determine if your situation may require specific advice.
- Should I rate my vehicle as business use?
- Does my insurance cover damage caused when ticketed for reckless driving?
- Am I covered by my employer’s commercial auto policy when driving my personal car for business?
- Am I covered when pulling a rental trailer?
- Does my policy pay for OEM or aftermarket parts?
- What is an SR-22 filing?
- Will filing a claim cost me more?
- Who does medical payments coverage extend to?
- Do I have coverage when using my vehicle for my home business?
If you don’t know the answers to these questions, you may need to chat with a licensed agent. If you don’t have a local agent, complete this form or you can also visit this page to select a carrier It only takes a few minutes and you can get the answers you need.
Compare rate quotes but buy from a local El Paso insurance agent
Certain consumers just want to have an agent’s advice and that can be a great decision Experienced insurance agents can answer important questions and help submit paperwork. One of the best bonuses of getting free rate quotes online is you can get lower prices and still buy from a local agent. Buying from local insurance agents is important especially in El Paso.
To make it easy to find an agent, after completing this short form, the coverage information is immediately sent to companies in El Paso who will give you bids and help you find cheaper coverage. You won’t even need to leave your computer because quoted prices will be sent to you directly. In the event you want to compare prices for a specific company, you can always navigate to their website and complete a quote there.
Finding the right company shouldn’t rely on just the bottom line cost. The answers to these questions are important, too.
- Can you get a list of referrals?
- Is working in the agency their full-time job?
- Did they already check your driving record and credit reports?
- Do they have a Better Business Bureau rating in El Paso?
- Are they involved in claim handling?
If you feel you receive good answers and low cost Chevrolet Traverse insurance quotes, most likely you have located an insurance company that meets the requirements to properly insure your vehicles.