Trying to come up with a payment for overpriced insurance can deplete your savings account and possibly require postponing other expenditures. Comparing rate quotes can help to lower your monthly bill.
It’s an obvious statement that car insurance companies don’t want policyholders to compare prices from other companies. Consumers who get price quotes annually are highly likely to buy a different policy because there is a good chance of finding more affordable rates. Surprisingly, a recent survey revealed that drivers who compared rates regularly saved $865 a year as compared to drivers who never shopped around for better prices.
If finding the cheapest rates on insurance is your goal, then learning about how to get rate quotes and compare cheaper coverage can make the process more efficient. Companies like State Farm, Farmers Insurance, GEICO and Allstate persitently shower you with fancy advertisements and it is challenging if not impossible to see through the deception and effectively compare rates to find the best deal.
It’s a good habit to take a look at other company’s rates once or twice a year because insurance prices are variable and change quite frequently. Just because you had the best price on Chevy Traverse insurance in Aurora a couple years back you will most likely find a better rate today. Forget all the misinformation about insurance because you’re about to learn one of the easiest ways to properly buy coverages while reducing your premium.
If you are already insured or want to find a cheaper company, you can use this information to get lower rates and still get good coverage. Buying the cheapest insurance in Aurora is actually quite simple. Drivers only need an understanding of the tricks to compare insurance rates on the web.
These discounts can reduce Chevy Traverse insurance rates
Insurance can cost an arm and a leg, but you might find some hidden discounts that you may not even be aware of. Some of these discounts will be visible when you purchase, but occasionally some discounts must be asked for prior to receiving the credit. If you don’t get every credit available, you are not getting the best rate possible.
- Payment Method – If paying your policy premium upfront instead of making monthly payments you may have a lower total premium amount.
- Bundle and Save – If you insure your home and vehicles with one insurance company you will save up to 20% off your total Traverse insurance premium.
- Paperless Signup – Certain larger companies will give you a small discount simply for signing digitally online.
- Driving Data Discount – People who choose to allow their insurance company to study driving habits by using a small device installed in their vehicle such as State Farm’s In-Drive could possibly reduce rates if they have good driving habits.
- Membership in Organizations – Participating in qualifying employment or professional organizations could qualify you for a break on car insurance.
- No Claims – Insureds who avoid accidents and claims get the best car insurance rates in comparison with frequent claim filers.
- Discount for Life Insurance – Some insurance companies give a lower car insurance rate if you buy a life policy as well.
Keep in mind that some of the credits will not apply to the entire cost. Most only apply to the price of certain insurance coverages like liability and collision coverage. So when it seems like you would end up receiving a 100% discount, companies don’t profit that way. But any discount will definitely lower your policy premiums.
The information below shows the difference between Chevy Traverse premium costs with and without discounts applied to the rates. The premium estimates are based on a male driver, no claims, a clean driving record, Colorado state minimum liability limits, comprehensive and collision coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, safe-driver, homeowner, multi-policy, marriage, and multi-car discounts applied.
Insurance companies that may offer quotes with these discounts possibly include:
If you need cheaper Aurora car insurance quotes, ask all the companies how you can save money. Some discounts may not apply in Aurora. To see providers that offer discounts in Colorado, click here.
The companies shown below provide comparison quotes in Aurora, CO. If your goal is to find the best auto insurance in Aurora, we suggest you click on several of them to find the cheapest auto insurance rates.
Insurance rate breakdown
The rate information below outlines a range of insurance prices for Chevy Traverse models. Learning more about how car insurance premiums are formulated is important for you to make smart choices when selecting a policy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Traverse LS 2WD | $344 | $448 | $392 | $24 | $118 | $1,326 | $111 |
| Traverse LS AWD | $388 | $448 | $392 | $24 | $118 | $1,370 | $114 |
| Traverse LT 2WD | $388 | $448 | $392 | $24 | $118 | $1,370 | $114 |
| Traverse LT AWD | $388 | $546 | $392 | $24 | $118 | $1,468 | $122 |
| Traverse LTZ 2WD | $388 | $546 | $392 | $24 | $118 | $1,468 | $122 |
| Traverse LTZ AWD | $388 | $546 | $392 | $24 | $118 | $1,468 | $122 |
| Get Your Own Custom Quote Go | |||||||
Data variables include single male driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Colorado minimum liability limits. Discounts applied include multi-policy, claim-free, multi-vehicle, homeowner, and safe-driver. Rate information does not factor in specific location information which can increase or decrease coverage rates considerably.
Where to set your deductibles
One of the hardest decisions when shopping for car insurance is which deductible level should you buy. The premium rates below summarize the rate difference when you choose different insurance deductibles. The first set of rates uses a $250 deductible for comprehensive and collision coverage and the second price table uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Traverse LS 2WD | $272 | $376 | $298 | $18 | $90 | $1,079 | $90 |
| Traverse LS AWD | $306 | $376 | $298 | $18 | $90 | $1,113 | $93 |
| Traverse LT 2WD | $306 | $376 | $298 | $18 | $90 | $1,113 | $93 |
| Traverse LT AWD | $306 | $458 | $298 | $18 | $90 | $1,195 | $100 |
| Traverse LTZ 2WD | $306 | $458 | $298 | $18 | $90 | $1,195 | $100 |
| Traverse LTZ AWD | $306 | $458 | $298 | $18 | $90 | $1,195 | $100 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Traverse LS 2WD | $220 | $304 | $298 | $18 | $90 | $930 | $78 |
| Traverse LS AWD | $250 | $304 | $298 | $18 | $90 | $960 | $80 |
| Traverse LT 2WD | $250 | $304 | $298 | $18 | $90 | $960 | $80 |
| Traverse LT AWD | $250 | $368 | $298 | $18 | $90 | $1,024 | $85 |
| Traverse LTZ 2WD | $250 | $368 | $298 | $18 | $90 | $1,024 | $85 |
| Traverse LTZ AWD | $250 | $368 | $298 | $18 | $90 | $1,024 | $85 |
| Get Your Own Custom Quote Go | |||||||
Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Colorado minimum liability limits. Discounts applied include homeowner, safe-driver, claim-free, multi-vehicle, and multi-policy. Rate information does not factor in specific location which can revise prices greatly.
Based on the above data, using a $250 deductible will cost you approximately $14 more each month or $168 each year than quoting the higher $500 deductible. Since you would pay $250 more out-of-pocket with a $500 deductible as compared to a $250 deductible, if you normally average more than 18 months between claims, you would more than likely save some money if you choose the higher deductible.
How to calculate when to raise deductibles
| Average monthly premium for $250 deductibles: | $96 |
| Average monthly premium for $500 deductibles (subtract): | – $82 |
| Monthly savings from raising deductible: | $14 |
| Difference between deductibles ($500 – $250): | $250 |
| Divide difference by monthly savings: | $250 / $14 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 18 months |
One important issue to know is that increasing deductibles to lower your rates means you will have to pay more when you do file a claim. You will want to have some money saved in the event you need to pay the deductible to have repairs made.
The diagram below shows how different deductible levels and can impact Chevy Traverse insurance costs for different ages of insureds. The data is based on a single female driver, full coverage, and no other discounts are factored in.
How accidents and violations affect rates in Aurora
The example below shows how speeding tickets and accident claims can increase Chevy Traverse premium costs for different categories of driver ages. The rate quotes are based on a married male driver, comprehensive and collision coverage, $1,000 deductibles, and no additional discounts are factored in.
Gender differences in car insurance premiums
The information below illustrates the comparison of Chevy Traverse insurance prices for male and female drivers. The costs are based on no claims or driving citations, comprehensive and collision coverage, $100 deductibles, drivers are not married, and no discounts are applied.
Difference between full coverage and liability only rates
The illustration below shows the comparison of Chevy Traverse premium costs with liability coverage only compared to full coverage. The data is based on no claims or driving citations, $250 deductibles, single status, and no discounts are applied to the premium.
When to drop comp and collision
There is no exact formula of when to drop physical damage coverage, but there is a general school of thought. If the annual cost of your full coverage insurance is more than around 10% of any settlement you would receive from your insurance company, then you might want to think about dropping full coverage.
For example, let’s say your Chevy Traverse claim settlement value is $6,000 and you have $1,000 policy deductibles. If your vehicle is damaged in an accident, the most you would receive is $5,000 after the deductible is paid. If premium cost is more than $500 annually for physical damage coverage, then it may be the right time to buy liability only.
There are some cases where eliminating full coverage is not a good idea. If you haven’t satisfied your loan, you are required to maintain full coverage to protect the lienholder’s interest. Also, if you cannot afford to purchase a different vehicle if your current one is totaled, you should keep full coverage in place.
Do I need an agent?
Certain consumers still like to have an agent’s advice and often times that is recommended Agents are trained risk managers and will help you if you have claims. The biggest benefit of comparing insurance prices online is that you can obtain cheap rate quotes but also keep your business local.
For easy comparison, once you complete this quick form, your insurance data is instantly submitted to local insurance agents in Aurora who want to provide quotes for your coverage. You won’t even need to search for any insurance agencies because quoted prices will be sent to the email address you provide. If you have a need to get a rate quote from a specific company, you just need to visit that company’s website and submit a quote form there.
Selecting a company should include more criteria than just a cheap quote. Before buying a policy in Aurora, get answers to these questions.
- How long has the business existed?
- Do they have cheaper tiers of coverage?
- Will high miles depreciate repair valuations?
- What is the financial rating for the quoted company?
- Will you be dealing directly with the agent or with a Custom Service Representative (CSR)?
If you want local Aurora agents, it’s helpful to know the different types of agents to choose from. Agents may be either independent agents or exclusive agents. Either one can insure your vehicles, but it’s worth mentioning the difference in how they write coverage since it could factor into the selection process.
Exclusive Car Insurance Agencies
Exclusive insurance agents write business for a single company and examples are Allstate, State Farm and Farm Bureau. Exclusive agents are unable to provide prices from multiple companies so keep that in mind. These agents are very knowledgeable on their company’s products and that enables them to sell even at higher rates.
Listed below is a short list of exclusive agents in Aurora willing to provide price quotes.
State Farm: Anne Sandoval
18511 E Hampden Ave #210 – Aurora, CO 80013 – (303) 699-8883 – View Map
American Family Insurance – Patricia Davis
1627 S Havana St e – Aurora, CO 80012 – (303) 360-9831 – View Map
Stacy Nimmo – State Farm Insurance Agent
1399 S Havana St #201-G – Aurora, CO 80012 – (303) 364-6900 – View Map
Independent Car Insurance Agents
Agents that elect to be independent often have many company appointments so as a result can place your coverage with multiple insurance companies and find the cheapest car insurance rates. If they find a lower price, your policy is moved internally which requires no work on your part.
If you are comparing car insurance prices, you need to compare prices from independent agents so that you have a good selection of quotes to compare.
Below are independent agencies in Aurora that are able to give rate quotes.
Colorado Insurance Professionals, Inc.
13693 E Iliff Ave – Aurora, CO 80014 – (303) 755-8600 – View Map
A All City Auto Insurance
9720 E Colfax Ave – Aurora, CO 80010 – (303) 364-0555 – View Map
Focus Insurance Agency
2993 S Peoria St #144 – Aurora, CO 80014 – (303) 695-6220 – View Map
Find cheaper auto insurance rates by comparing often
When trying to cut insurance costs, it’s a bad idea to buy lower coverage limits just to save a few bucks. There are many occasions where drivers have reduced collision coverage only to regret at claim time that it was a big error on their part. Your focus should be to find the BEST coverage at the best price, but do not skimp to save money.
Discount Chevy Traverse insurance in Aurora is definitely available on the web and also from your neighborhood Aurora agents, and you should compare rates from both in order to have the best chance of saving money. There are still a few companies who don’t offer rates over the internet and most of the time these small, regional companies work with independent insurance agents.
In this article, we covered quite a bit of information on how to reduce Chevy Traverse insurance car insurance rates online in Aurora. The key thing to remember is the more rate quotes you have, the better your chances of lowering your premium rates. You may even be surprised to find that the lowest priced auto insurance comes from a smaller regional carrier. Smaller companies often have lower premium rates on specific markets compared to the large companies like Progressive and GEICO.
Steps to finding discount Chevy Traverse insurance in Aurora
If saving money is your primary concern, then the best way to get affordable Chevy Traverse insurance is to compare prices at least once a year from providers in Aurora.
- Get an understanding of how insurance companies determine prices and the measures you can control to drop your rates. Many rating factors that are responsible for high rates such as speeding tickets, accidents and a low credit rating can be amended by making minor changes to your lifestyle.
- Obtain price quotes from direct carriers, independent agents, and exclusive agents. Exclusive agents and direct companies can only give prices from a single company like Progressive and State Farm, while independent agencies can quote prices from multiple sources. Get quotes now
- Compare the new rates to the premium of your current policy and see if there is a cheaper rate. If you can save some money and make a switch, verify that coverage does not lapse between policies.
- Provide notification to your current agent or company to cancel your current car insurance policy. Submit a down payment along with a signed application for the new coverage. Immediately keep your new certificate verifying coverage in your vehicle’s glove compartment or console.
The most important part of shopping around is that you’ll want to make sure you compare similar coverage information on every quote and and to get prices from as many different insurance providers as possible. Doing this guarantees a fair price comparison and and a good selection of different prices.
More information
- Child Safety Seats (Insurance Information Institute)
- How Much is Auto Insurance After a Speeding Ticket in Aurora? (FAQ)
- How Much are Auto Insurance Quotes for Drivers Over Age 50 in Aurora? (FAQ)
- Who Has Affordable Aurora Car Insurance Quotes for a School Permit? (FAQ)
- Get the Right Protection (InsureUonline.org)
- Uninsured Motorist Statistics (Insurance Information Institute)
- What Determines the Price of My Auto Insurance Policy? (Insurance Information Institute)